Ryanair 2004 Annual Report Download - page 61

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29 NOTES TO CASH FLOW STATEMENT (Continued)
2004 2003
(b) Analysis of cash and liquid resources balances: 000 000
Cash at bank, net of overdraft 25,433 76,550
Liquid resources 1,231,572 982,352
Liquid resources attheend of year 1,257,005 1,058,902
2004 2003
(c) Analysis of movement in liquid resources: 000 000
Liquid resources at beginning of year 982,352 816,023
Increase in year 249,220 166,329
At end of year 1,231,572 982,352
Cash Bank
at bank overdraft Total
(d) Analysis of movements in cash: 000 000 000
At beginning of year 77,866 (1,316) 76,550
Net cash (outflow) during the year (52,088) 971 (51,117)
At end of year 25,778 (345) 25,433
2004 2003
(e) Reconciliation of net cash flow to movement in net funds: 000 000
Net funds at beginning of year 221,677 343,267
(Decrease) in cash in year (51,117) (1,197)
Movement in liquid resources 249,220 166,329
Net cash flow from (increase) in debt (115,757) (286,723)
Movement in net funds/(debt) resulting from cash flows 82,346 (121,591)
Movement in finance leases -1
Movement in net funds/(debt) in year 82,346 (121,590)
Net funds at end of year 304,023 221,677
Net funds arise when cash and liquid r esources exceed debt.
30 POST BALANCE SHEET EVENTS
There were nosignificantpost balance sheet events.
(Continued)
Notes 61
A N N U A L R E P O RT & F I N A N C I A L S T A T E M E N T S 2 0 0 4