FSA Annual Report 2006/07 - Better Regulation Ltd
FSA Annual Report 2006/07 - Better Regulation Ltd
FSA Annual Report 2006/07 - Better Regulation Ltd
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Section five – Financial statements<br />
<strong>FSA</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2006</strong>/<strong>07</strong><br />
Statement of cash flows for the year ended 31 March 20<strong>07</strong><br />
Notes 20<strong>07</strong> <strong>2006</strong><br />
£m £m<br />
Net cash generated from operations 21 8.5 28.4<br />
Corporation tax paid (1.5) (1.1)<br />
Net cash from operating activities 7.0 27.3<br />
Investing activities<br />
Interest received on bank deposits 5.1 4.4<br />
Expenditure on software development 9 (10.3) (4.5)<br />
Purchases of property, plant and equipment 10 (7.9) (6.1)<br />
Sale/(Purchase) of trading investments 16.3 (1.2)<br />
Net cash generated from/(used in) investing activities 3.2 (7.4)<br />
Net increase in cash and cash equivalents 10.2 19.9<br />
Cash and cash equivalents at the start of the year 37.6 17.7<br />
Cash and cash equivalents at the end of the year 47.8 37.6