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| Note | 2003 £000 |
2003 £000 |
2002 £000 |
2002 £000 |
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| Net cash inflow from operating activities | 22 | 39,951 | 43,171 | |||||
| Returns on investment and servicing of finance | ||||||||
| Interest received | 259 | 288 | ||||||
| Interest paid | (4,300) | (4,370) | ||||||
| Interest element of finance lease rental payments | (222) | (104) | ||||||
| Payments to minority interests | (690) | (172) | ||||||
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| (4,953) | (4,358) | |||||||
| Taxation | ||||||||
| UK corporation tax paid | (608) | (403) | ||||||
| Overseas tax paid | (12,187) | (8,572) | ||||||
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| (12,795) | (8,975) | |||||||
| Capital expenditure | ||||||||
| Purchase of intangible fixed assets | (48) | (82) | ||||||
| Purchase of tangible fixed assets | (16,670) | (16,868) | ||||||
| Sale of tangible fixed assets | 3,300 | 4,250 | ||||||
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| (13,418) | (12,700) | |||||||
| Acquisitions and disposals | ||||||||
| Acquisition of subsidiary undertakings | 421 | (32,941) | ||||||
| Net cash acquired with subsidiary undertakings | - | 899 | ||||||
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| 421 | (32,042) | |||||||
| Equity dividends paid | (6,534) | (5,609) | ||||||
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| Net cash inflow/(outflow) before management of liquid resources and financing | 2,672 | (20,513) | ||||||
| Management of liquid resources | ||||||||
| Repayments from/(payments into) short term bank deposits | 885 | (61) | ||||||
| Financing | ||||||||
| Issue of new shares | 90 | 13,621 | ||||||
| New bank loans drawn | 5,640 | 72,555 | ||||||
| Repayment of bank loans and loan notes | (11,552) | (54,759) | ||||||
| Sale and leaseback transactions | 377 | 739 | ||||||
| Capital element of finance lease rental payments | (1,547) | (902) | ||||||
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| Net cash (outflow)/inflow from financing | (6,992) | 31,254 | ||||||
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| (Decrease)/increase in cash in the year | 23 | (3,435) | 10,680 | |||||
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The notes form part of these accounts. >>click here to download the Notes to the accounts in PDF (111Kb)