Financial Overview
| 2007 £m |
2006 £m |
|
|---|---|---|
| Cash flows from operating activities | ||
| Cash inflows from operations | 175.0 | 130.7 |
| Income taxes paid | (38.8) | (34.5) |
| Net cash inflow from operating activities | 136.2 | 96.2 |
| Investing activities | ||
| Interest received | 13.6 | 11.8 |
| Dividends received from associates | 0.5 | 0.2 |
| Return of capital from joint venture | 2.3 | – |
| Purchase of subsidiary undertakings and minority interests | (79.8) | (23.1) |
| Net cash acquired on purchase of subsidiary undertakings | 7.6 | 8.9 |
| Net debt acquired on purchase of subsidiary undertakings | (5.7) | – |
| Proceeds from disposal of subsidiaries | 0.2 | – |
| Net cash disposed on sale of subsidiaries | (2.9) | – |
| Net debt disposed on sale of subsidiaries | 4.3 | – |
| Acquisition of investment in associated undertakings | – | (0.3) |
| Proceeds from disposal of associated undertakings | 0.3 | – |
| Deferred consideration on current and prior period acquisitions | (48.3) | (54.6) |
| Purchase of property, plant and equipment | (19.0) | (20.6) |
| Purchase of intangible assets | (11.4) | (6.5) |
| Proceeds from disposal of property, plant and equipment | 0.7 | 1.6 |
| Proceeds from disposal of intangible assets | 2.5 | 0.3 |
| Other investing activities | – | (1.3) |
| Net cash used in investing activities | (135.1) | (83.6) |
| Financing activities | ||
| Dividends paid | (22.7) | (19.4) |
| Dividends paid to minority shareholders | (2.7) | (2.7) |
| Interest paid | (28.3) | (24.7) |
| Refinancing costs | – | (1.2) |
| Proceeds from borrowings | 173.2 | 184.8 |
| Repayments of loans | (81.2) | (151.4) |
| Proceeds on issue of ordinary share capital | 9.8 | 11.2 |
| Purchase of own shares | (12.8) | (12.0) |
| Disposal of other financial assets | 16.6 | – |
| Net cash from/(used in) financing activities | 51.9 | (15.4) |
| Net increase/(decrease) in cash and cash equivalents | 53.0 | (2.8) |
| Translation differences | 19.5 | (16.1) |
| Cash and cash equivalents at beginning of year | 257.0 | 275.9 |
| Cash and cash equivalents at end of year | 329.5 | 257.0 |
| Cash at bank and in hand and short–term deposits | 356.8 | 284.2 |
| Bank overdrafts | (27.3) | (27.2) |
| Cash and cash equivalents at end of year | 329.5 | 257.0 |