Financial Statements
Consolidated and Parent Company Statements of Cash Flows
For the year ended 31 March 2010
| Group | Company | ||||
| 2010 | 2009 | 2010 | 2009 | ||
| Note | £m | £m | £m | £m | |
| Cash flows from operating activities | |||||
| Cash generated from operations | 33 | 126.5 | 125.5 | 33.3 | 28.7 |
| Interest received | 3.4 | 6.3 | – | 0.4 | |
| Interest paid | (1.1) | (2.2) | – | – | |
| Income tax paid | (18.0) | (12.8) | – | – | |
| Net cash generated from operating activities | 110.8 | 116.8 | 33.3 | 29.1 | |
| Cash flows from investing activities | |||||
| Distributions received from Joint Ventures | – | 1.3 | – | – | |
| Investments in subsidiary companies | – | – | (7.6) | (9.6) | |
| Acquisitions of subsidiaries | |||||
| – Consideration | 15 | – | (3.5) | – | – |
| – Cash acquired | 15 | – | 1.0 | – | – |
| Deferred consideration payments | (0.9) | (0.8) | – | – | |
| Loans to Joint Ventures and other related parties | (7.9) | (6.9) | – | – | |
| Repayment of Joint Venture loans | 2.1 | – | – | – | |
| Purchases of property, plant and equipment | (8.4) | (18.2) | – | – | |
| Proceeds from disposals of property, plant and equipment | 1.1 | 1.1 | – | – | |
| Proceeds from disposals of investments in subsidiaries | – | 0.2 | – | – | |
| Proceeds from disposals of investments in Joint Ventures | 9 | 0.1 | 2.5 | – | – |
| (Purchases)/disposals of financial assets | (3.7) | 1.0 | – | – | |
| Purchases of intangible assets | (3.5) | (10.5) | – | – | |
| Net cash used in investing activities | (21.1) | (32.8) | (7.6) | (9.6) | |
| Cash flows from financing activities | |||||
| Repayment of short-term loans | (2.7) | (4.3) | – | – | |
| Finance lease principal payments | (4.9) | (4.5) | – | – | |
| Purchase of own shares by Employee Benefit Trusts | (7.2) | – | – | – | |
| Share buybacks | – | (12.3) | – | (12.3) | |
| Equity dividends paid to shareholders | 11 | (25.7) | (24.7) | (25.7) | (24.7) |
| Loans from Group companies | – | – | – | 10.4 | |
| Net cash used in financing activities | (40.5) | (45.8) | (25.7) | (26.6) | |
| Net increase/(decrease) in cash, cash equivalents and bank overdrafts | 49.2 | 38.2 | – | (7.1) | |
| Cash, cash equivalents and bank overdrafts at beginning of year | 209.7 | 154.5 | – | 7.1 | |
| Exchange movements | 1.4 | 17.0 | – | – | |
| Cash, cash equivalents and bank overdrafts at end of year | 25 | 260.3 | 209.7 | – | – |
The notes are an integral part of these Financial Statements.