| |
2007
£m |
2006
£m |
|
 |
| Cash flow from operating activities |
|
|
| Profit before income tax |
191.1 |
189.7 |
| Adjustments for non-cash items: |
|
|
| depreciation |
15.9 |
14.6 |
| intangible amortisation |
24.4 |
19.9 |
| share based payments |
4.8 |
3.0 |
| Working capital movement |
13.5 |
(20.0) |
| Finance income |
(21.1) |
(19.6) |
| Finance cost |
48.5 |
36.3 |
| Provisions and pensions |
(9.0) |
(5.7) |
| Special pension contribution |
(9.5) |
(5.0) |
| Other |
(0.6) |
1.0 |
|
| Cash generated from operations |
258.0 |
214.2 |
| Income tax paid |
(65.1) |
(40.5) |
|
| Cash inflow from operating activities |
192.9 |
173.7 |
|
Cash flow from investing activities |
|
|
| Interest received |
5.3 |
8.5 |
| Purchase of property, plant and equipment |
(19.9) |
(15.8) |
| Sale of property, plant and equipment |
3.3 |
4.3 |
| Purchase of businesses |
(191.7) |
(156.7) |
| Other |
– |
(1.0) |
|
| Cash outflow from investing activities |
(203.0) |
(160.7) |
|
Cash flow from financing activities |
|
|
| Interest paid |
(33.6) |
(24.9) |
| Dividends paid |
(56.2) |
(53.3) |
| Increase/(decrease) in short term loans |
34.9 |
(28.5) |
| Increase in long term loans |
192.1 |
141.4 |
| Net proceeds from employee shares |
1.0 |
5.2 |
| Purchase of own shares into treasury |
(100.0) |
(63.1) |
|
| Cash inflow/(outflow) from financing activities |
38.2 |
(23.2) |
|
Exchange gain/(loss) on cash and cash equivalents |
2.5 |
(1.4) |
|
Increase/(decrease) in cash and cash equivalents |
30.6 |
(11.6) |
|
|
Cash and cash equivalents at start of year |
25.1 |
36.7 |
| Increase/(decrease) in cash and cash equivalents |
30.6 |
(11.6) |
|
| Cash and cash equivalents at end of year |
55.7 |
25.1 |
|
|
| |
