The North / South Language Body Annual Report & Accounts 2009

13. CAPITAL GRANT RESERVE2009 2009 2008 2008€ STG£ € STG£Opening balance at 1 January 208,178 198,289 289,144 214,342Capital Grant Received 25,668 22,867 56,437 44,940233,846 221,156 345,581 259,282Transfer to Income and ExpenditureAccountAmortisation of Fixed Assets (99,973) (89,066) (137,403) (109,414)Disposals of Fixed Assets (8,848) (7,883) - -Accumulated Depreciation on the Disposal- -of Tangible Fixed Assets 8,848 7,883(99,973) (89,066) (137,403) (109,414)Currency Translation Adjustment - (13,198) - 48,421Closing balance at 31 December 133,873 118,892 208,178 198,28914. NOTES TO THE CASH FLOW STATEMENT14.1 RECONCILIATION OF THE SURPLUS / (DEFICIT) FOR THE YEAR TO NETCASH INFLOW FROM OPERATING ACTIVITIES2009 2009 2008 2008€ STG£ € STG£Surplus/(Deficit) for the year (421,552) (375,560) 380,701 303,152Adjustment for non cashtransactionsDepreciation 99,973 89,066 137,403 109,414Transfer from Capital Grant Reserve (99,973) (89,066) (137,403) (109,414)(421,552) (375,560) 380,701 303,152Adjustments for movements inworking capital(Increase) / Decrease in Stock (58,515) 4,828 (74,857) (241,749)(Increase) / Decrease in Debtors (32,225) 33,860 131,705 (107,268)Increase / (Decrease) in Creditors 14,724 (17,717) (36,353) 74,039(76,016) 20,971 20,495 (274,978)Currency translation adjustment - (136,657) - 431,095Net Cash Inflow / (Outflow) fromOperating Activities(497,568) (491,246) 401,196 459,269The currency translation adjustment reflects the amount of the movement in the value of current assets andliabilities which is attributable to the change in exchange rates over the year.25