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FSA Annual Report 2006/07 - Better Regulation Ltd

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72<br />

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

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