John Ireland Chief Executive of the Scottish Fiscal Commission and Accountable Officer 7 October 2025 Scottish Fiscal Commission Annual Report and Accounts for the year ending 31 March 2025 62 Statement of Cash Flows for the year ended 31 March 2025 Statement of Cash Flows (£’000) Note 31 March 31 March 2025 2024 Cash Flows from Operating Activities Net operating costs SOCNE (2,552) (2,331) Adjustments for non-cash transactions Depreciation/Amortisation 5,6 70 61 Notional Costs 4 36 34 Movements in working capital (Increase) in trade and other receivables 7 (1) - Increase in trade and other payables 8 112 15 Net cash outflow from operating activities (2,335) (2,221) Cash Flows From Investing Activities Used In Purchase of property, plant, and equipment 5 - - Net cash flow from investing activity - - Cash flows From Financing Activities Use In Payment of lease liabilities (69) (59) Funding SOCTE 2,404 2,280 Net Cash Flows From Financing Activities 2,335 2,221 Net movement in cash and cash equivalents - - The notes on pages 64 to 72 form part of these financial statements.