Group Cash Flow Statement
For the year ended 31 December 2010
|
Notes |
2010 |
2009 |
|
|
Cash flows from operating activities |
|||
|
Cash generated from operations |
467.9 |
430.8 |
|
|
Tax paid |
(68.4) |
(60.1) |
|
|
Net cash generated from operating activities |
399.5 |
370.7 |
|
|
Cash flows from investing activities |
|||
|
Acquisitions (net of cash acquired) |
(15.4) |
(4.2) |
|
|
Purchases of property, plant and equipment (PPE) |
(268.8) |
(160.9) |
|
|
Proceeds from sale of PPE |
7.8 |
15.4 |
|
|
Net cash used in investing activities |
(276.4) |
(149.7) |
|
|
Cash flows from financing activities |
|||
|
Net proceeds from issue of ordinary shares |
1.7 |
3.4 |
|
|
Increase in long-term loans |
216.1 |
89.1 |
|
|
Repayment of long-term loans |
(269.6) |
(256.2) |
|
|
Net movement in short-term loans |
1.9 |
3.9 |
|
|
Interest received |
0.5 |
0.4 |
|
|
Interest paid |
(10.6) |
(19.1) |
|
|
Dividends paid to shareholders |
(39.7) |
(28.6) |
|
|
Purchase of treasury shares |
(27.2) |
(8.4) |
|
|
Net cash used in financing activities |
(126.9) |
(215.5) |
|
|
Net (decrease)/increase in cash and cash equivalents |
(3.8) |
5.5 |
|
|
Cash and cash equivalents at beginning of the year |
13.5 |
10.3 |
|
|
Exchange gain/(loss) on cash and cash equivalents |
0.5 |
(2.3) |
|
|
Cash and cash equivalents at end of the year |
10.2 |
13.5 |
See Notes to the Group Accounts which form part of these Accounts.