BUSINESS WEBSITES
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for the year ended 31 December 2008
| 2008 £m |
2007 £m | |
|---|---|---|
| Cash flow from operating activities | ||
| Profit before income tax | 206.9 | 191.1 |
| Adjustments for non-cash items: | ||
| depreciation | 19.7 | 15.9 |
| intangible amortisation | 36.0 | 24.4 |
| share based payments | 5.3 | 4.8 |
| Working capital movement | (15.9) | 13.5 |
| Finance income | (27.6) | (21.1) |
| Finance cost | 65.2 | 48.5 |
| Provisions and pensions | (15.8) | (18.5) |
| Other | (1.5) | (0.6) |
| Cash generated from operations | 272.3 | 258.0 |
| Income tax paid | (66.4) | (65.1) |
| Cash inflow from operating activities | 205.9 | 192.9 |
| Cash flow from investing activities | ||
| Interest received | 7.0 | 5.3 |
| Purchase of property, plant and equipment | (20.9) | (19.9) |
| Sale of property, plant and equipment | 5.7 | 3.3 |
| Purchase of businesses | (115.9) | (191.7) |
| Investment in associates | (0.5) | - |
| Cash outflow from investing activities | (124.6) | (203.0) |
| Cash flow from financing activities | ||
| Interest paid | (48.4) | (33.6) |
| Dividends paid | (59.9) | (56.2) |
| (Decrease)/increase in short term loans | (73.2) | 34.9 |
| Increase in long term loans | 99.8 | 192.1 |
| Net (purchase of)/proceeds from employee shares | (7.2) | 1.0 |
| Purchase of own shares into treasury | - | (100.0) |
| Cash (outflow)/inflow from financing activities | (88.9) | 38.2 |
| Exchange gain on cash and cash equivalents | 9.4 | 2.5 |
| Increase in cash and cash equivalents | 1.8 | 30.6 |
| Cash and cash equivalents at start of year | 55.7 | 25.1 |
| Increase in cash and cash equivalents | 1.8 | 30.6 |
| Cash and cash equivalents at end of year | 57.5 | 55.7 |