Parent Company Cash Flow Statement

For the year ended 31 December 2007

	Notes	2007 £m	2006 £m
Cash generated from operations	44	184.2	93.3
Income tax paid		(55.6)	(14.0)
Net cash flow from operations		128.6	79.3
Cash flows from investing activities
Acquisition of subsidiary, net of cash acquired		(3.3)	–
Net cash used in investing activities		(3.3)	–
Cash flows from financing activities
Proceeds from issue of ordinary shares		4.5	4.6
Proceeds from borrowings		–	227.7
Repayment of borrowings		–	(238.0)
Dividends paid to shareholders	43	(111.1)	(47.4)
Interest paid		(18.6)	(24.7)
Purchase of treasury shares		(1.5)	–
Net cash from financing activities		(126.7)	(77.8)
Net increase in cash and cash equivalents		(1.4)	1.5
Cash and cash equivalents at beginning of year		2.2	0.7
Cash and cash equivalents at end of year	37	0.8	2.2