Financial Statements 2011-12 37
Notes to the Financial Statements For the year ended 31 July 2012
22 Movement on general reserves Consolidated
2011-12 £’000
At 1 August Surplus for the year
(Decrease)/Increase in net assets from joint ventures Actuarial (loss) in respect of pension schemes At 31 July
Balance represented by: Pension reserve
Income and expenditure account excluding pension reserve At 31 July
23 Capital commitments
Provision has not been made for the following capital commitments at 31 July 2012: Commitments contracted for: Authorised but not contracted for:
24 Reconciliation of consolidated operating surplus to net cash inflow from operating activities Consolidated
2011-12 £’000
Surplus on continuing operations after depreciation of assets at cost Depreciation, amortisation and impairment (notes 9, 10 and 12) Loss on disposal of fixed assets
Deferred capital grants released to income (note 19) Pension cost less contributions payable (Increase) in stocks
Decrease/(increase) in debtors (Decrease)/Increase in creditors (Increase)/decrease in provisions Endowment and investment income Interest Payable
Net cash inflow from operating activities 25 Analysis of changes in net debt Consolidated
At 1 August 2011 £’000
Cash at bank and in hand Endowment asset investments Current asset investments (short term deposits)
Debt due within one year Debt due after one year
24,959 375
25,334 5,058
30,392 (950)
(75,748) (46,306)
Cash flows £’000
(4,773)
changes £’000
Other At 31 July 2012 £’000
(5,088) 0 19,871 315
0 0
(950) (15,627) 950 690 20,561
5,035 0 10,093 261 0 30,654 950
(950) (90,425) (14,416) 0 (60,721)
2,696 7,773 395
(2,935) (1,580) (156)
(1,998) (4,229) (1,261) (440) 4,897 3,162
2010-11 £’000
815
6,798 469
(2,659) (1,477) 24
494
2,283 974
(562) 3,505
10,664
45,239 3,601 (57)
(9,281) 39,502
(24,492) 63,994 39,502
2011-12 £’000
15,256 47,138 62,394
2010-11 £’000
45,213 1,861 188
(2,023) 45,239
(17,347) 62,586 45,239
Consolidated
2010-11 £’000
12,235 53,615 65,850
University
2011-12 £’000
57,190 3,234 0
(8,297) 52,127
(24,054) 76,181 52,127
2011-12 £’000
13,935 47,138 61,073
2010-11 £’000
58,958 255 0
(2,023) 57,190
(17,347) 74,537 57,190
University
2010-11 £’000
5,639
53,115 58,754
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