Parent Company Cash Flow Statement
For the year ended 31 December 2008
Notes |
2008 £m |
2007 £m |
|
Cash generated from operations |
45 | 283.4 | 184.2 |
Income tax paid |
(45.0) | (55.6) | |
Net cash flow from operations |
238.4 | 128.6 | |
Cash flows from investing activities |
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Interest received |
4.3 | – | |
Purchase of property, plant and equipment |
(2.1) | – | |
Acquisition of subsidiary, net of cash acquired |
(2.2) | (3.3) | |
Net cash used in investing activities |
– | (3.3) | |
Cash flows from financing activities |
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Proceeds from issue of ordinary shares |
3.8 | 4.5 | |
Return of capital |
(119.2) | – | |
Dividends paid to shareholders |
44 | (75.6) | (111.1) |
Interest paid |
(20.0) | (18.6) | |
Purchase of treasury shares and ESOT shares |
(28.0) | (1.5) | |
Net cash (used in)/from financing activities |
(239.0) | (126.7) | |
Net decrease in cash and cash equivalents |
(0.6) | (1.4) | |
Cash and cash equivalents at beginning of year |
0.8 | 2.2 | |
Effect of rate changes on cash and cash equivalent |
0.3 | – | |
Cash and cash equivalents at end of year |
37 | 0.5 | 0.8 |