Consolidated Cash Flow Statement for the year ended 31 March 2011

Note

Net (outgoing)/incoming resources Adjustments to exclude investment income and non-cash items

Net cash (outflow)/inflow from operating activities Investment income

Capital expenditure and financial investments

Purchase of tangible fixed assets Receipts from sale of tangible fixed assets Purchase of fixed asset investments Proceeds from sale of fixed asset investments Increase in programme-related investment

Net cash (outflow)/inflow from investing activities Management of liquid resources

Decrease in cash and short-term deposits (investment assets) Decrease/(increase) in short-term deposits (current assets)

Net cash inflow/(outflow) from liquid resources Increase in cash 31b 13 31b 12

13 13

(24,101) 19,300

(31,514) 34,627 (4,861)

(6,549) 434

97,000 97,434

85,681

(18,543) 700

(54,703)

134,359 (3,825)

57,988 2,926

(82,000) (79,074)

8,862 31a

2011 £000

(10,278) 1,277

2c

(9,001) 3,797

2010 £000

47,978

(23,568) 24,410

5,538

Annual Report and Accounts / Consolidated Cash Flow Statement / 27