Financial statements
NOTES TO THE FINANCIAL STATEMENTS
34. Cash flow from operating activities
Reconciliation of profit for the year to cash generated/(outflow) from operations:
Cash generated/(outflow) from operations
|
Group |
Company |
|||
|
2010 |
2009 |
2010 |
2009 |
|
|
Continuing operations |
||||
|
Profit for the year |
41.3 |
21.4 |
23.3 |
17.2 |
|
Adjustments for: |
||||
|
Employee share schemes |
1.2 |
0.7 |
- |
- |
|
Profit on disposal of property, plant and equipment |
(2.6) |
(0.3) |
- |
- |
|
Depreciation charge |
41.7 |
41.7 |
- |
- |
|
Amortisation of intangible assets |
0.3 |
1.2 |
- |
- |
|
Finance costs |
(12.2) |
30.4 |
9.0 |
10.2 |
|
Finance income |
31.0 |
(7.2) |
(0.2) |
- |
|
Share of post-tax profit from joint venture |
(1.1) |
(0.8) |
- |
- |
|
Dividends receivable |
- |
- |
(32.1) |
(27.4) |
|
Taxation |
13.8 |
18.5 |
- |
- |
|
Changes in working capital (excluding the effect of acquisition of subsidiaries) |
||||
|
(Increase)/decrease in inventories |
(0.4) |
0.7 |
- |
- |
|
(Increase)/decrease in trade and other receivables |
(23.5) |
(16.6) |
(0.1) |
0.1 |
|
Increase/(decrease) in trade and other payables |
0.5 |
(6.2) |
- |
- |
|
Decrease in retirement benefit obligations |
(1.1) |
(2.6) |
- |
- |
|
Decrease in provisions |
(6.9) |
(8.9) |
- |
- |
|
Cash generated/(outflow) from operations |
82.0 |
72.0 |
(0.1) |
0.1 |