Consolidated Cash Flow Statement
Year ended 31 Dec 2007 |
Year ended 31 Dec 2006 |
||
Notes |
£000s |
£000s |
|
| Cash generated from operations | 26 |
45,393 |
40,663 |
| Interest paid | (3,967) |
(2,930) |
|
| Interest received | 296 |
160 |
|
| Income taxes paid | (12,925) |
(10,291) |
|
| Net cash from operating activities | 28,797 |
27,602 |
|
 |
|||
| Cash flows from investing activities | |||
| Purchases of subsidiaries net of cash acquired | (15,758) |
(12,184) |
|
| Deferred consideration | (10,846) |
(10,220) |
|
| Purchase of property, plant and equipment | 11 |
(5,811) |
(4,481) |
| Sale of property, plant and equipment | 4,239 |
712 |
|
| Net cash used in investing activities | (28,176) |
(26,173) |
|
|
|||
| Cash flows from financing activities | |||
| Proceeds from issue of share capital | 1,730 |
1,030 |
|
| Proceeds from sale of own shares | 1,293 |
– |
|
| Proceeds from bank borrowings | 3,001 |
4,504 |
|
| Payment of finance lease liabilities | (149) |
(109) |
|
| Dividends paid | 23 |
(6,144) |
(5,201) |
| Payment of pre-acquisition dividend | – |
(500) |
|
| Net cash used in financing activities | (269) |
(276) |
|
|
|||
| Net increase in cash and cash equivalents | 352 |
1,153 |
|
|
|||
| Cash and cash equivalents at beginning of year | 9,805 |
9,593 |
|
| Effect of exchange rate fluctuations | 727 |
(941) |
|
| Cash and cash equivalents at end of year | 26 |
10,884 |
9,805 |
| Cash and cash equivalents comprise: | |||
| Cash at bank | 10,884 |
9,964 |
|
| Bank overdraft | – |
(159) |
|
| Cash and cash equivalents at end of year | 10,884 |
9,805 |
|
|
|
|
|
The notes on pages 71 to 115 form part of these financial statements.