1995

1994

Excess of Support and Revenueover Expenses

12,506

11,473

Adjustments to reconcile excess of support and revenue over expenses for the year to net cash inflow from operating activities:

Depreciation

1,840

1,978

Loss on sale of fixed assets

52

Increase in receivables and prepayments

(2,017)

(2,739)

Decrease in liabilities

(1,023)

4,797

Net cash inflow from operating activities

11,358

15,509

Investing activities

Payments for tangible fixed assets

(7,142)

(2,814)

Purchase of investments

(118)

(123)

Proceed from sales of fixed assets

60

-

Decrease in deferred capital subsidies

(200)

-

Net cash outflow from investing activities

(7,400)

(2,814)

Increase in cash at bank and in hand

3,958

12,695