Consolidated Cash Flow Statement
Year ended 31 Dec 2008 |
Year ended 31 Dec 2007 |
||
Notes |
£000s |
£000s |
|
| Cash generated from operations | 25 |
67,386 |
45,393 |
| Interest paid | (3,770) |
(3,967) |
|
| Interest received | 384 |
296 |
|
| Income taxes paid | (15,574) |
(12,925) |
|
| Net cash from operating activities | 48,426 |
28,797 |
|
 |
|||
| Cash flows from investing activities | |||
| Purchases of subsidiaries net of cash acquired | (22,332) |
(15,758) |
|
| Deferred consideration | (8,854) |
(10,846) |
|
| Purchase of property, plant and equipment | 10 |
(5,935) |
(5,811) |
| Sale of property, plant and equipment | 1,094 |
4,239 |
|
| Net cash used in investing activities | (36,027) |
(28,176) |
|
|
|||
| Cash flows from financing activities | |||
| Proceeds from issue of share capital | 464 |
1,730 |
|
| Proceeds from sale of own shares | – |
1,293 |
|
| (Repayments)/Proceeds from bank borrowings | (2,174) |
3,001 |
|
| Payment of finance lease liabilities | (117) |
(149) |
|
| Dividends paid | 22 |
(7,211) |
(6,144) |
| Payment of pre-acquisition dividend | (1,471) |
– |
|
| Net cash used in financing activities | (10,509) |
(269) |
|
|
|||
| Net increase in cash and cash equivalents | 1,890 |
352 |
|
|
|||
| Cash and cash equivalents at beginning of year | 10,884 |
9,805 |
|
| Effect of exchange rate fluctuations | 3,933 |
727 |
|
| Cash and cash equivalents at end of year | 25 |
16,707 |
10,884 |
| Cash and cash equivalents comprise: | |||
| Cash at bank | 17,088 |
10,884 |
|
| Bank overdraft | (381) |
– |
|
| Cash and cash equivalents at end of year | 16,707 |
10,884 |
|
|
|
|
|
The notes on pages 67 to 110 form part of these financial statements.