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Consolidated statement of cash flows of Ernst & Young Nederland LLP

(for the year ended 30 June 2016)

    notes   2015/2016   2014/2015
        €000   €000
Operating activities            
Profit for the financial year       127,007   138,851
Adjustment for:            
Depreciation and impairment of property, plant and equipment   10   4,660   5,884
Amortization and impairment of intangible assets   11   536   369
Finance income and expenses   8   5,513   6,495
Increase in employee benefits provision   20   1,412   1,352
Decrease in provisions   19   -9,139   -6,571
             
        129,998   146,380
Working capital adjustments:            
(Increase)/decrease in trade and other receivables and prepayments       -37,469   8,357
Increase in trade and other payables       12,967   8,305
Income tax received       170   275
             
Net cash flows from operating activities       105,666   163,317
             
Investing activities            
Purchase of property, plant and equipment       -3,926   -5,021
Disposal of property, plant and equipment       269   143
Purchase of intangible assets       -389   -
Advances/additions to other non-current financial assets/loans       -4   -1,621
Repayment/disposal of other non-current financial assets/loans       0   11
Acquisition of a subsidiary, net of cash acquired   5   -6,327   -1,870
Interest received       102   145
             
Net cash flows used in investing activities       -10,275   -8,213
             
Financing activities            
Payment from members (current account)       4,805   8,706
Prepayments to current members   14   -56,222   -52,694
Payment of profit distribution 2014/2015 (2013/2014)       -70,038   -63,212
Contributions of capital from members   21   8,611   6,363
Repayment of capital contributions on retirement   21   -3,623   -3,045
Repayment of financing related to drawing rights       -   -14,847
Payment of financial lease liabilities       -309   -798
Proceeds from interest-bearing loans and borrowings   17   13,790   23,130
Repayment of interest-bearing loans and borrowings   17   -15,140   -24,165
Proceeds from other non-current financial liabilities   18   -979   -160
Interest paid       -4,537   -4,723
             
Net cash flows used in financing activities       -123,642   -125,445
             
Net cash flow       -28,251   29,659
             
Net cash and cash equivalents at 1 July   15   60,713   31,054
Net cash flow       -28,251   29,659
             
Net cash and cash equivalents 30 June   15   32,462   60,713