Scottish Government Consolidated Accounts 2015 to 2016
Annual report of consolidated financial results of the Scottish Government, its executive agencies and the Crown Office, prepared in accordance with IFRS.
Consolidated Statement of Cash Flows
The Scottish Government
Consolidated Statement of Cash Flows
For the year ended 31 March 2016
| 2014-15 | Note | 2015-16 | |
|---|---|---|---|
| £m | £m | ||
| (30,070) | Net cash outflow from operating activities | (A) | (30,935) |
| (1,685) | Net cash outflow from investment activities | (B) | (1,621) |
| (274) | Payments to the SCF | (D) | (234) |
| 32,024 | Cash flows from financing activities | (C) | 32,801 |
| (5) | Increase/(Decrease) in cash in the period | 11 | |
| (A) Reconciliation of operating costs to operating cash flows | |||
| (31,029) | Net operating cost | (E) | (31,360) |
| 541 | Adjust for non-cash transactions | 2a | 562 |
| 194 | Add back: interest payable for financing | 4d | 155 |
| (10) | (Increase)/decrease in inventories | 2d | (2) |
| (48) | (Increase)/decrease in receivables and other current assets | 2d | (101) |
| 23 | Increase/(decrease) in trade and other payables | 2d | (60) |
| 156 | Increase/(decrease) in provisions | 2d | (45) |
| 103 | Interest receivable | 4c | (84) |
| (30,070) | Net cash outflow from operating activities | (30,935) | |
| (B) Analysis of cash flows from investment activities | |||
| (939) | Purchase of property, plant and equipment | 2d, 5a | (848) |
| (73) | Purchase of intangible assets | 2d, 6 | (41) |
| 10 | Proceeds of disposal of property, plant and equipment | 2a, 2d, 5a | 22 |
| 6 | Proceeds of disposal of assets held for sale | 7 | 10 |
| (1,038) | Advances of Investments | 2d, 8 | (1,235) |
| 344 | Repayments of Investments | 2d, 8 | 457 |
| 5 | NLF Loans | 8 | 14 |
| (1,685) | Net cash outflow from investment activities | (1,621) | |
| (C) Analysis of cash flows from financing activities | |||
| 30,115 | From Scottish Consolidated Fund | SOCTE | 30,636 |
| 1,968 | National Insurance Contributions | SOCTE | 1,912 |
| (5) | Loan transactions with the National Loans Fund | 8 | (14) |
| 140 | Capital elements of payments in respect of finance leases and NPD/ PPP/ PFI contracts included in SoFP | 2d | 338 |
| - | Interest received | 4c | 84 |
| (194) | Interest element of finance leases and NPD/ PPP/ PFI contracts included in SoFP | 4d | (155) |
| 32,024 | Cash flows from financing activities | 32,801 | |
| 5 | Decrease/(Increase) in cash and cash equivalents | F | (11) |
| 32,029 | Net cash and cash equivalents requirement | 32,790 | |
(D) Payments to the Scottish Consolidated Fund ( SCF) represents the income not applied, £39m (Note 4b) and the increase in balances payable/receivable to the SCF £195m (Notes 10a & 11a).
(E) Net operating cost for cash flow purposes is the net operating cost of £31,399m ( SoCTE) less £39m of income which cannot be applied and is surrenderable to the SCF (Note 4b).
(F) Decrease/ (increase) in cash represents the movement in cash and cash equivalents (Note 3) and bank overdrafts (Note 11a).
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