Guernsey Water Annual Report 2016

Guernsey Water 2016 Annual Report ACCOUNTS 34 water.gg/ annualreport2016 ACCOUNTS 2016 £ 2015 £ Net cash flows from operating activities 4,536,500 5,085,505 Cash flows from investing activities Purchase of fixed assets (4,788,498) (23,991,137) Investment return and Interest received 943,567 60,998 Government grants received - 18,367,370 Net cash flows used in investing activities (3,844,931) (5,562,769) Cash flows from financing activities Contribution to States of Guernsey General Revenue (1,500,000) - Net cash flows from financing activities (1,500,000) - Net decrease in cash and cash equivalents (808,431) (477,264) Cash and cash equivalents at the beginning of the year 12,860,228 13,337,492 Cash and cash equivalents at the end of the year 12,051,797 12,860,228 Reconciliation to cash at bank and in hand: Cash at bank and in hand 177,539 662,666 Balances with States Treasury 11,874,258 12,197,562 Cash and cash equivalents 12,051,797 12,860,228 Statement of Cash Flows for the year ended 31 December 2016

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