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PHONOGRAPHIC PERFORMANCE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2009


15. RECONCILIATION OF NET INCOME FROM OPERATING ACTIVITIES BEFORE INTEREST AND TAXATION TO NET CASH INFLOW FROM OPERATING ACTIVITIES


Year Ended


31 December 2009 £'000


Net income from operating activities before interest and taxation


Depreciation


Difference between pension charge and cash contributions


(Increase)/decrease in debtors Increase in creditors


(Decrease)/increase in provisions Net cash inflow from operating activities


92,392 1,150


214


(8,242) 29,069 (694)


113,889


16. RECONCILIATION OF NET CASH FLOW TO MOVEMENT IN NET FUNDS Year Ended


31 December 2009 £'000


Increase/(decrease) in cash in the period


(Decrease)/increase in cash placed on fixed term deposits Changes in net funds resulting from cashflows Net funds at 31 December 2008 Net funds at 31 December 2009


17. ANALYSIS OF CHANGES IN NET FUNDS At


1 January 2009


£'000


Cash at bank and in hand Short-term investments


18,905 73,000 91,905


Cashflow £'000


5,751


(11,000) (5,249)


5,751


(11,000) (5,249) 91,905 86,656


Year Ended


31 December 2008 £'000


108,667 995


(72)


11,283 393 604


121,870


Year Ended


31 December 2008 £'000


(4,615) 18,000 13,385 78,520 91,905


At


31 December 2009


£'000


24,656 62,000 86,656


24


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