EY Corporate homepage

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       128,615   135,445
Share of profit from subsidiaries   37   -127,326   -127,656
             
        1,289   7,789
             
Adjustment for:            
Depreciation and impairment of property, plant and equipment   36   4,612   5,876
Amortization of intangible assets       -   2
Finance income and expenses   34   -1,846   298
Decrease in employee benefits provision   46   -517   -439
Decrease in provisions   45   -9,495   -5,541
             
        -5,957   7,985
             
Working capital adjustments:            
(Increase)/Decrease in other receivables and prepayments       -37,944   41,873
Increase/(Decrease) in trade and other payables       9,373   -6,779
             
Net cash flows from operating activities       -34,528   43,079
             
Investing activities            
Purchase of property, plant and equipment       -3,927   -5,054
Disposals of property, plant and equipment       268   143
Repayment of other financial assets/loan       152   -
Investment in subsidiary       -   -21,989
Interest received       7,371   7,288
             
Net cash flows used in investing activities       3,864   -19,612
             
Financing activities            
Payment from members (current account)       133,264   138,374
Prepayments to current members   40   -56,222   -52,694
Payment of profit distribution 2014/2015 (2013/2014)       -66,632   -66,013
Contributions of capital from members   47   8,611   6,363
Repayment of capital contributions on retirement   47   -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   43   13,790   23,130
Repayment of interest-bearing loans and borrowings   43   -15,140   -24,165
Repayment of other non-current financial liabilities       -159   -160
Interest paid       -4,526   -5,780
             
Net cash flows used in financing activities       9,054   365
             
Net cash flow       -21,610   23,832
             
Net cash and cash equivalents at 1 July   41   44,392   20,560
Net cash flow       -21,610   23,832
             
Net cash and cash equivalents 30 June   41   22,782   44,392