Financial Ov
ervie
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HORSE SPORT IRELAND
Annual Report
2015
75
Horse Sport Ireland
(A company limited by guarantee)
Statement of cash flows
For the Year Ended 31 December 2015
2015
2014
Cash flows from operating activities
Surplus / (deficit) for the financial year
16,790
(100,823)
Adjustments for:
Depreciation of tangible assets
18,186
18,190
Decrease in stocks
48,977
24,091
Taxation
10,758
596
Increase in debtors
(214,621)
(53,488)
Increase in amounts owed by groups
(13,936)
(61,492)
Increase in creditors
285,523
252,561
Corporation tax
56
(18,891)
Net cash generated from operating activities
151,733
60,744
Cash flows from investing activities
Purchase of tangible fixed assets
-
(76,036)
Net cash from investing activities
-
(76,036)
Net increase / (decrease) in cash and cash equivalents
151,733
(15,292)
Cash and cash equivalents at beginning of year
373,516
388,808
Cash and cash equivalents at the end of year
525,249
373,516
Cash and cash equivalents at the end of year comprise:
Cash at bank and in hand
525,249
373,516
525,249
373,516
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