Cash flow statements
| |
|
|
Group |
Company |
| For the year ended 31 March |
Notes |
|
2008
£m |
|
2007
£m |
|
2008
£m |
|
2007
£m |
| Cash flows from operating activities |
|
|
|
|
|
|
|
|
|
| Cash (used in)/from operations |
31 |
|
(2.6) |
|
(4.8) |
|
(2.4) |
|
3.3 |
| Interest paid |
|
|
(1.7) |
|
(3.1) |
|
(1.7) |
|
(3.1) |
| Interest received |
|
|
0.1 |
|
0.8 |
|
0.1 |
|
0.8 |
| Taxes received/(paid) |
|
|
0.2 |
|
(0.5) |
|
0.2 |
|
– |
| Net cash (used in)/from operating activities |
|
|
(4.0) |
|
(7.6) |
|
(3.8) |
|
1.0 |
| Cash flows from investing activities |
|
|
|
|
|
|
|
|
|
| Investment in subsidiaries |
|
|
– |
|
– |
|
(0.1) |
|
– |
| Proceeds from disposal of available for sale investments |
|
|
– |
|
0.1 |
|
– |
|
0.1 |
| Net proceeds from disposal of subsidiaries |
|
|
– |
|
17.4 |
|
– |
|
12.0 |
| Expenditure on product development |
|
|
(0.1) |
|
(0.7) |
|
(0.1) |
|
(0.4) |
| Purchases of property, plant and equipment |
|
|
(0.3) |
|
(1.0) |
|
(0.3) |
|
(0.5) |
| Net cash (used in)/from investing activities |
|
|
(0.4) |
|
15.8 |
|
(0.5) |
|
11.2 |
| Cash flows from financing activities |
|
|
|
|
|
|
|
|
|
| Repayment of borrowings |
25 |
|
(24.6) |
|
(73.0) |
|
(24.6) |
|
(68.6) |
| Draw-down of bank facilities |
25 |
|
20.0 |
|
60.0 |
|
20.0 |
|
60.0 |
| Issue of intra-Group loans |
|
|
– |
|
– |
|
(0.2) |
|
– |
| Proceeds from new equity issues |
21 |
|
6.4 |
|
– |
|
6.4 |
|
– |
| Net cash from/(used in) financing activities |
|
|
1.8 |
|
(13.0) |
|
1.6 |
|
(8.6) |
| Net (decrease)/increase in cash and cash equivalents |
|
|
(2.6) |
|
(4.8) |
|
(2.7) |
|
3.6 |
| Cash and cash equivalents at beginning of year |
|
|
3.6 |
|
8.4 |
|
3.6 |
|
– |
| Cash and cash equivalents at end of year |
20 |
|
1.0 |
|
3.6 |
|
0.9 |
|
3.6 |
The Notes to the financial statements are an integral part of these financial statements.
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