|
|
Note |
2007
£m |
2006
£m |
| Cash flows from operating
activities |
|
|
|
| Operating profit from continuing
operations |
|
107.4 |
89.3 |
| Operating loss from
discontinued operation |
|
(13.3) |
(0.2) |
| |
|
94.1 |
89.1 |
| Depreciation of property, plant and
equipment |
|
17.4 |
13.4 |
| Amortisation of intangible assets |
|
1.0 |
2.4 |
| Loss/(profit) on sale of property,
plant and equipment |
|
0.4 |
(0.6) |
| Other non-cash movements |
|
1.0 |
0.2 |
| Foreign exchange
losses/(gains) |
|
0.2 |
(0.2) |
| Operating cash flows before
movements in working capital |
|
114.1 |
104.3 |
| Movement in long-term liabilities and
employee benefits |
|
1.9 |
(1.7) |
| Increase in inventories |
|
(0.9) |
(3.0) |
| Increase in trade and other
receivables |
|
(32.8) |
(30.6) |
| Increase in trade and other
payables |
|
34.9 |
29.3 |
| Cash generated from
operations |
|
117.2 |
98.3 |
| Interest paid |
|
(5.3) |
(6.2) |
| Income tax paid |
|
(32.0) |
(30.7) |
| Net cash inflow from
operating activities |
|
79.9 |
61.4 |
| |
|
|
|
| Cash flows from investing
activities |
|
|
|
| Interest received |
|
1.3 |
1.1 |
| Proceeds from sale of property, plant
and equipment |
|
1.0 |
2.0 |
| Acquisition of subsidiaries, net of
cash acquired |
|
(34.5) |
(26.4) |
| Acquisition of property, plant and
equipment |
|
(48.1) |
(29.4) |
| Acquisition of other
non-current assets |
|
(2.8) |
(2.6) |
| Net cash outflow from
investing activities |
|
(83.1) |
(55.3) |
| |
|
|
|
| Cash flows from financing
activities |
|
|
|
| Proceeds from the issue of share
capital |
|
0.5 |
0.8 |
| New borrowings |
|
22.2 |
6.6 |
| Repayment of borrowings |
|
(0.7) |
(3.6) |
| Payment of finance lease
liabilities |
|
(1.9) |
(2.1) |
| Dividends paid |
|
(12.3) |
(9.0) |
| Net cash
inflow/(outflow) from financing activities |
|
7.8 |
(7.3) |
| |
|
|
|
| Net increase/(decrease) in cash
and cash equivalents |
|
4.6 |
(1.2) |
| Cash and cash equivalents at
beginning of period |
|
20.3 |
23.3 |
| Effect of exchange rate
fluctuations |
|
1.2 |
(1.8) |
| Cash and cash
equivalents at end of period |
19 |
26.1 |
20.3 |
