For the year ended 31 December 2009
| Note | 2009 £m |
2008 £m |
|
|---|---|---|---|
| Cash flow from operating activities | |||
| 28 | Cash generated from operations | 171.5 | 159.5 |
| Interest received | 4.3 | 4.5 | |
| Interest paid | (4.8) | (6.5) | |
| Taxation paid | (46.0) | (49.7) | |
| Net cash flow from operating activities | 125.0 | 107.8 | |
| Cash flow from investing activities | |||
| Purchase of subsidiary undertakings, net of cash acquired | (2.6) | (39.4) | |
| Investment in associates and joint ventures | (1.9) | - | |
| 29 | Disposal of subsidiary undertaking | 1.3 | - |
| Expenditure on development costs | (5.7) | (4.4) | |
| Purchase of property, plant and equipment and computer software | (60.0) | (66.5) | |
| Sale of property, plant and equipment and computer software | 0.9 | 1.7 | |
| Dividends received from associates and joint ventures | 4.3 | 1.6 | |
| Net cash flow from investing activities | (63.7) | (107.0) | |
| Cash flow from financing activities | |||
| Increase in short term borrowings (other than those repayable on demand) | - | 3.8 | |
| Decrease in short-term borrowings (other than those repayable on demand) | (2.4) | (2.4) | |
| Increase in long-term borrowings | - | 13.2 | |
| Decrease in long-term borrowings | (1.3) | (9.0) | |
| Repayment of capital element of finance leases | (0.7) | (0.8) | |
| Cash (outflow)/inflow from debt and lease financing | (4.4) | 4.8 | |
| (Increase)/decrease in cash on deposit | (4.0) | 0.8 | |
| Cash settlement of net investment hedges | (13.7) | - | |
| Dividends paid to equity shareholders of the Company | (35.0) | (31.7) | |
| Dividends paid to minority interests | (6.9) | (4.3) | |
| Issue of ordinary share capital | 0.3 | - | |
| Share issue costs | - | (1.6) | |
| Purchase of treasury shares | (0.2) | (0.2) | |
| Net cash flow from financing activities | (63.9) | (32.2) | |
| Net decrease in cash, cash equivalents and bank overdrafts | (2.6) | (31.4) | |
| Cash, cash equivalents and bank overdrafts at beginning of the year | 61.4 | 89.8 | |
| Currency variations on cash, cash equivalents and bank overdrafts | (5.7) | 3.0 | |
| 15 | Cash, cash equivalents and bank overdrafts at end of the year | 53.1 | 61.4 |
Reconciliation of net cash flow to movement in net cash
| 2009 £m |
2008 £m |
||
|---|---|---|---|
| Net movement in cash, cash equivalents and bank overdrafts | (8.3) | (28.4) | |
| Cash outflow/(inflow) from debt and lease financing | 4.4 | (4.8) | |
| Increase/(decrease) in cash on deposit | 4.0 | (0.8) | |
| Change in net cash resulting from cash flows | 0.1 | (34.0) | |
| New finance leases | (1.3) | (0.4) | |
| Movement in interest accrual | – | (0.1) | |
| Currency variations on borrowings and cash deposits | 0.3 | (1.9) | |
| Movement in net cash in the year | (0.9) | (36.4) | |
| Opening net cash | 51.8 | 88.2 | |
| Closing net cash | 50.9 | 51.8 | |
| Gross borrowings | (24.7) | (43.9) | |
| Cash at bank and in hand (including cash on deposit) | 75.6 | 95.7 | |
| Closing net cash | 50.9 | 51.8 | |
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