Cash flow statement

For the year ended 29 March 2009

Cash flow statement

 

Note

2009
£m

2008
£m

Cash flow from operating activities

 

 

 

Cash used by operations

27

(45.0)

(5.1)

Interest received

 

11.2

67.4

Interest paid

 

(3.3)

(8.3)

Tax received/(paid)

 

4.5

(23.2)

Net cash (used)/generated by operating activities

 

(32.6)

30.8


Cash flow from investing activities

 

 

 

Acquisition of subsidiaries (net of cash acquired)

10

(5.0)

(26.8)

Proceeds of part disposal of subsidiary (net of cash disposed of)

 

–

713.3

Disposal of trade and assets

 

–

0.4

Loans made to joint ventures

13(a)

–

(2.5)

Loans repaid by joint ventures

13(a)

–

3.5

Acquisition of shares in joint ventures

13(a)

–

(99.9)

Deferred consideration paid

 

(209.0)

–

Acquisition of shares in associates

13(b)

–

(2.4)

Proceeds of disposal of shares in associates

 

–

0.1

Loans made to associates

 

–

(1.0)

Purchase of intangibles

11

(9.1)

(8.5)

Purchase of other non-current financial assets

9(a)

(212.6)

–

Sale of other non-current financial assets

9(a)

31.6

–

Proceeds from sale of property, plant and equipment

 

0.4

46.6

Purchase of property, plant and equipment

12(a)

(31.0)

(11.5)

Purchase of available for sale investment

 

(49.9)

–

Sale of available for sale investment

 

50.0

–

Other loans advanced

 

(0.2)

(0.3)

Dividends received

 

0.1

0.1

Net cash (used)/generated in investing activities

 

(434.7)

611.1


Cash flow from financing activities

 

 

 

Finance lease principal payments

 

(8.1)

(6.0)

Forward exchange contracts

 

(18.8)

–

Dividends paid

 

(0.1)

–

Repayment of borrowings

 

–

(78.0)

Net cash used in financing activities

 

(27.0)

(84.0)


Non-cash – financing

 

–

(0.1)

Assets held for sale

 

–

(15.6)

Net (decrease)/increase in cash and cash equivalents

 

(494.3)

542.2

Cash and cash equivalents at beginning of the period

 

577.5

35.3

Cash and cash equivalents at end of the period

17

83.2

577.5