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Cash Flow

Acorn Interim Results



Consolidated cash flow statements

Six months to 30 June 1998Six months to 30 June 1997Year to 31 Dec 1997
£'000s£'000s£'000s
Operating loss(5,602)(997)(3,686)
Depreciation4276321,223
Loss on disposal of fixed assets-11106
(Increase)/decrease in stocks(484)5931,344
Decrease in debtors2151,0653,468
Decrease in creditors(473)(2,921)(4,548)
Foreign exchange gains(7)(17)(53)
Development write off709--
Loss on closure of subsidiary-(400)(376)
Profit on redemption of loan stock--(336)

Net cash outflow from operating activities(5,215)(2,034)(2,858)
Returns on investment and servicing of finance:
Interest received861767
Interest paid(232)(206)(249)

Net cash outflow from returns on investments and servicing of finance(146)(189)(182)
Capital Expenditure:
Purchase of intangible fixed assets(111)(226)(971)
Purchase of tangible fixed assets(286)(325)(659)
Sale of tangible fixed assets-3-

Net cash outflow from capital expenditure(397)(548)(1,630)

Net cash outflow before financing(5,758)(2,771)(4,670)

Financing activities:
Issue of ordinary shares481-1,684
Sale of shares in associated investment15,073--
Dividend received1,496--
Repayment of loan(7,883)--
Redemption of loan stock--(26)
Net cash inflow from financing9,167-1,658

Increase/(decrease) in cash in the period3,409(2,771)(3,012)

Change in cash:
Cash at start of period1,3254,3374,337
Movement3,409(2,771)(3,012)

Cash at end of period4,7341,5661,325


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