The cash flows for operating activities include the following items:
| 2024/25 £000's | 2025/26 £000's | |
| Interest Received | 29,905 | 19,249 |
| Interest Paid | (40,603) | (40,095) |
| Dividends Received | 1,626 | 610 |
The Surplus/ (Deficit) on the Provision of Services has been Adjusted for the Following Non-Cash Movements: 2024/25 £000's 2025/26 £000's
Depreciation and Amortisation 77,865 72,596
Impairment and Downward Valuations 29,749 28,542
Increase/(Decrease) in Impairment for Bad Debts (379) 16,512
Increase/(Decrease) in Creditors (5,162) (9,650)
(Increase)/Decrease in Debtors (18,183) (45,046)
(Increase)/Decrease in Inventories - 1
Movement in Pension Liability (6,315) (16,935)
Carrying Amount of Non-Current Assets and Non-Current Assets Held for Sale, Sold or Derecognised 25,668 8,246
Other Non-Cash Items Charged to the Net Surplus or (Deficit) on the Provision of Services
Increase/(Decrease) in Provisions (4,720) (3,379)
Increase/(Decrease) in Accumulated Absences 1,794 152
Total 100,317 51,038
The Surplus/ (Deficit) on the Provision of Services has been Adjusted for the Following Items that are Investing and Financing Activities: 2024/25 £000's 2025/26 £000's
Proceeds from the Sale of Property Plant and Equipment, Investment Property and Intangible Assets (14,013) (18,100)
Grant Receipts for the Financing of New Capital Expenditure (57,787) (68,543)
Net cash flows from operating activities (71,800) (86,643)
The cash flows for investing activities include the following items:
| Investing Activities | 2024/25 £000's | 2025/26 £000's |
|---|---|---|
| Purchase of Property, Plant and Equipment, Investment Property and Intangible Assets | (160,244) | (220,094) |
| Purchase of Short-Term and Long-Term Investments | (3,799,122) | (3,113,617) |
| Payments for Other Long Term Loans | (6,585) | (1,489) |
| Proceeds From the Sale of Property, Plant and Equipment, Investment Property and Intangible Assets | 14,013 | 18,101 |
| Proceeds from Short-Term and Long-Term Investments | 4,166,330 | 3,012,741 |
| Proceeds from Other Long-Term Loans | 1,175 | 1,932 |
| Grant Receipts for the Financing of New Capital Expenditure | 46,337 | 79,043 |
| Net cash flows from investing activities | 261,904 | (223,383) |