accord_fs_2020_JD_FINAL | Page 41

Financial Statements 2020 | 39
Statement of Cash Flows for the year ended 31 March 2020
2020
2019
Note
£ 000s
£ 000s
Net cash generated from operating activities
30a
33,646
31,493
Cash flow from investing activities Purchase of tangible fixed assets
( 50,583 )
( 58,252 )
Purchase of intangible fixed assets
( 600 )
( 456 )
Proceeds from sale of tangible fixed assets
11,684
1,876
Investments
4
3
Stock
402
( 1,463 )
Grants received
14,954
14,010
Interest received
119
48
( 24,020 )
( 44,234 )
Corporation tax paid - 13
Cash flow from financing activities Interest paid
( 19,100 )
( 17,947 )
New secured loans
74,500
52,500
Repayments of borrowings
( 39,531 )
( 13,962 )
15,869
20,591
Net change in cash and cash equivalents
25,495
7,863
Cash & cash equivalents at beginning of the year
18,982
11,119
Cash & cash equivalents at end of the year
30b
44,477
18,982
The notes on pages 40 to 72 form part of these financial statements .