Notes to the accounts

year ended 30 June 2001

Other

At

25 Analysis of net 

At 1 July 

Cash

non cash

30 June

funds

2000

Flow

changes

2001

 '000

 '000

 '000

 '000

Net cash:

Cash at bank and in hand

6,300

(4,905)

1,395

Debt:

Finance leases

145

(578)

(433)

Net funds

6,300

(4,760)

(578)

962

Reconciliation of net cash flow to movement in net funds

 '000

Decrease in cash in the year

(4,905)

Cash outflow from decrease in lease financing

145

Cash in net funds resulting from cashflows

(4,760)

New finance lease

(578)

Movement in net funds in the year

(5,338)

Opening net funds

6,300

Closing net funds

962

26 Major non cash 

The Company entered new finance lease and hire purchase agreements in

transactions

the year amounting to  578,089.

27 Parent 

As permitted by Section 230 of the Companies Act 1985, a separate profit

company's 

and loss account is not presented in respect of the Company.  During the

results

year, the Parent company made a loss of  25,650,879 (2000: profit

 94,800).

38