Financial statements
Cash flow statements for the year ended 31 March 2010
|
Group |
Company |
||||
|
Notes |
2010 |
2009 |
2010 |
2009 |
|
|
Cash flows from operating activities |
|||||
|
Cash generated /(outflow) from operations |
82.0 |
72.0 |
(0.1) |
0.1 |
|
|
Interest paid |
(22.0) |
(23.7) |
(8.9) |
(10.2) |
|
|
Tax paid |
(6.6) |
(6.3) |
- |
(0.1) |
|
|
Net cash generated/(outflow) from operating activities |
53.4 |
42.0 |
(9.0) |
(10.2) |
|
|
Cash flows from investing activities |
|||||
|
Interest received |
0.7 |
2.1 |
0.2 |
0.1 |
|
|
Dividends received |
- |
- |
32.1 |
27.4 |
|
|
Acquisition of subsidiary undertakings (net of cash acquired) |
(9.3) |
(3.4) |
- |
- |
|
|
Investment in joint ventures |
(0.1) |
- |
- |
- |
|
|
Loans to joint ventures |
(30.8) |
- |
- |
- |
|
|
Purchase of property, plant and equipment |
(50.2) |
(82.2) |
- |
- |
|
|
Proceeds from disposal of trade in subsidiary undertaking |
0.6 |
- |
- |
- |
|
|
Proceeds from sale of property, plant and equipment |
3.5 |
0.3 |
- |
- |
|
|
Net cash (used in)/from investing activities |
(85.6) |
(83.2) |
32.3 |
27.5 |
|
|
Cash flows from financing activities |
|||||
|
Proceeds from issue of ordinary share capital |
45.0 |
- |
45.0 |
- |
|
|
Deposit of restricted funds |
(56.3) |
(0.2) |
(56.3) |
- |
|
|
Net proceeds from new borrowing |
173.7 |
12.2 |
55.0 |
- |
|
|
Repayment of borrowing |
(55.0) |
- |
(45.0) |
- |
|
|
Finance lease sale and leaseback |
24.9 |
25.0 |
- |
- |
|
|
Finance lease principal repayments |
(7.7) |
(7.0) |
- |
- |
|
|
Dividends paid |
(26.2) |
(19.4) |
(26.2) |
(19.4) |
|
|
Net cash received/(outflow) from financing activities |
98.4 |
10.6 |
(27.5) |
(19.4) |
|
|
Net increase/(decrease) in cash and cash equivalents |
66.2 |
(30.6) |
(4.2) |
(2.1) |
|
|
Cash and cash equivalents at beginning of the year |
(72.9) |
(42.3) |
3.3 |
5.4 |
|
|
Cash and cash equivalents at end of the year |
(6.7) |
(72.9) |
(0.9) |
3.3 |
|
The 'Notes to the financial statements' pages form part of these financial statements.