For the year ended 31 December 2010
| Note | 2010 £m |
2009 £m |
|
|---|---|---|---|
| Cash flow from operating activities | |||
| 11 | Cash generated from operations | 85.5 | 171.5 |
| Interest received | 3.4 | 4.3 | |
| Interest paid | (4.3) | (4.8) | |
| Taxation paid | (36.5) | (46.0) | |
| Net cash flow from operating activities | 48.1 | 125.0 | |
| Cash flow from investing activities | |||
| 14 | Purchase of subsidiary undertakings, net of cash acquired | (0.8) | (2.6) |
| Investment in associates and joint ventures | (0.7) | (1.9) | |
| Disposal of subsidiary undertaking | - | 1.3 | |
| Expenditure on development costs | (5.7) | (5.7) | |
| Purchase of property, plant and equipment and computer software | (56.4) | (60.0) | |
| Sale of property, plant and equipment and computer software | 1.8 | 0.9 | |
| Dividends received from associates and joint ventures | 3.2 | 4.3 | |
| Net cash flow from investing activities | (58.6) | (63.7) | |
| Cash flow from financing activities | |||
| Increase in short-term borrowings (other than those repayable on demand) | 38.3 | - | |
| Decrease in short-term borrowings (other than those repayable on demand) | (11.3) | (2.4) | |
| Increase in long-term borrowings | 29.0 | - | |
| Decrease in long-term borrowings | (1.5) | (1.3) | |
| Repayment of capital element of finance leases | (0.6) | (0.7) | |
| Cash inflow/(outflow) from debt and lease financing | 53.9 | (4.4) | |
| Decrease/(increase) in cash on deposit | 2.3 | (4.0) | |
| Cash settlement of net investment hedges | - | (13.7) | |
| 15 | Dividends paid to equity shareholders of the Company | (36.7) | (35.0) |
| Dividends paid to non-controlling interests | (6.6) | (6.9) | |
| Issue of ordinary share capital- equity shareholders of the Company | - | 0.3 | |
| Issue of share capital- non-controlling interests | 1.5 | - | |
| Purchase of treasury shares | (0.1) | (0.2) | |
| Net cash flow from financing activities | 14.3 | (63.9) | |
| Net increase/(decrease) in cash, cash equivalents and bank overdrafts | 3.8 | (2.6) | |
| Cash, cash equivalents and bank overdrafts at beginning of the year | 53.1 | 61.4 | |
| Currency variations on cash, cash equivalents and bank overdrafts | 3.9 | (5.7) | |
| 10 | Cash, cash equivalents and bank overdrafts at end of the year | 60.8 | 53.1 |
Reconciliation of net cash flow to movement in net cash
 |
2010 £m |
2009 £m |
|
|---|---|---|---|
| Net movement in cash, cash equivalents and bank overdrafts | 7.7 | (8.3) | |
| Cash (inflow)/outflow from debt and lease financing | (53.9) | 4.4 | |
| (Decrease)/increase in cash on deposit | (2.3) | 4.0 | |
| Change in net cash resulting from cash flows | (48.5) | 0.1 | |
| New finance leases | (0.4) | (1.3) | |
| Currency variations on borrowings and cash deposits | (0.2) | 0.3 | |
| Movement in net cash in the year | (49.1) | (0.9) | |
| Opening net cash | 50.9 | 51.8 | |
| Closing net cash | 1.8 | 50.9 | |
| Gross borrowings | (81.5) | (24.7) | |
| Cash at bank and in hand (including cash on deposit) | 83.3 | 75.6 | |
| Closing net cash | 1.8 | 50.9 | |
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