Highlands and Islands Airport's Annual Report (3MB pdf - Scottish ...
Highlands and Islands Airport's Annual Report (3MB pdf - Scottish ...
Highlands and Islands Airport's Annual Report (3MB pdf - Scottish ...
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30 COMPANY BALANCE SHEET<br />
FOR THE YEAR ENDED 31 MARCH 2011<br />
2011 2010 2009<br />
Notes £000 £000 £000<br />
ASSETS<br />
Non-current assets<br />
Property, plant <strong>and</strong> equipment 9 64,298 66,094 66,285<br />
Investment properties 10 999 998 871<br />
Investments 11 2,325 2,311 2,188<br />
Defined benefit pension scheme surplus 20 – – 2,614<br />
Long term loan to joint venture 13 1,038 964 896<br />
68,660 70,367 72,854<br />
Current assets<br />
Trade <strong>and</strong> other receivables 14 3,525 6,011 3,496<br />
Cash <strong>and</strong> cash equivalents 16 13,098 11,416 11,777<br />
16,623 17,427 15,273<br />
Total assets 85,283 87,794 88,127<br />
LIABILITIES<br />
Current liabilities<br />
Trade <strong>and</strong> other payables 17 (5,867) (6,343) (4,937)<br />
Income taxes payable – – (364)<br />
(5,867) (6,343) (5,301)<br />
Non-current liabilities<br />
Deferred tax liability 8 (291) (318) (460)<br />
Defined benefit pension scheme deficit 20 (2,405) (4,829) –<br />
Deferred subsidies 18 (73,732) (74,184) (72,734)<br />
(76,428) (79,331) (73,194)<br />
Total liabilities (82,295) (85,674) (78,495)<br />
NET ASSETS 2,988 2,120 9,632<br />
EQUITY<br />
Ordinary shares 21 50 50 50<br />
Retained earnings 2,938 2,070 9,582<br />
2,988 2,120 9,632<br />
Notes 1 to 28 form part of these financial statements<br />
Grenville Johnston CA<br />
Chairman<br />
29 July 2011<br />
Inglis Lyon<br />
Managing Director<br />
29 July 2011<br />
GROUP CASH FLOW STATEMENT<br />
FOR THE YEAR ENDED 31 MARCH 2011<br />
2011 2010<br />
Notes £000 £000<br />
Cash flows from operating activities<br />
Cash generated from operations 22 (1,308) 507<br />
Purchase of property, plant <strong>and</strong> equipment (3,992) (8,340)<br />
Proceeds from sale of property, plant <strong>and</strong> equipment 22 658<br />
Receipt of capital subsidy 7,000 7,099<br />
Tax paid 37 –<br />
Net cash flow from operating activities 1,759 (76)<br />
Cash flows from investing activities<br />
Purchase of investments – –<br />
Net cash flow from investing activities – –<br />
Cash flows from financing activities<br />
Interest paid – –<br />
Interest received 29 41<br />
Net cash flow from financing activities 29 41<br />
Increase / (decrease) in cash <strong>and</strong> cash equivalents 1,788 (35)<br />
Cash <strong>and</strong> cash equivalents at the end of the period 14,045 12,257<br />
Notes 1 to 28 form part of these financial statements<br />
31
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