Note 27
27. Cash flow from operating activities
Reconciliation of operating profit before tax to net cash inflow from operating activities:
Cash generated from operations
| 2009 | 2008 |
|---|---|---|
Continuing operations |
|
|
Net (loss)/profit | (74.0) | 307.2 |
Adjustments for: |
|
|
Tax | (15.8) | (0.8) |
Depreciation | 12.5 | 15.1 |
Impairment of property, plant and equipment | 0.5 | 46.6 |
Profit on part disposal of subsidiary | – | (334.8) |
Profit on sale of trade and assets | – | (0.4) |
Profit on disposal of property, plant and equipment | (0.3) | (39.0) |
Negative goodwill | (2.9) | – |
Impairment of goodwill | 16.9 | 26.6 |
Amortisation of intangibles | 16.8 | 12.0 |
Impairment of intangibles | 6.2 | – |
Impairment of associates | 3.3 | 0.4 |
Income from non-current financial assets | (4.2) | (0.1) |
Interest receivable and similar income | (95.3) | (69.7) |
Interest payable and similar charges | 5.6 | 8.0 |
Other financing expenses | 24.4 | – |
Pensions | (1.6) | (1.0) |
Share of results of joint ventures after taxation | 67.3 | 27.1 |
Share of results of associates after taxation | (0.1) | 0.3 |
|
|
|
Increase in inventories | (0.1) | (0.6) |
Decrease/(increase) in trade and other receivables | 12.5 | (30.8) |
(Decrease)/increase in trade and other payables | (8.9) | 3.4 |
(Decrease)/increase in provisions | (7.8) | 25.4 |
Cash used in continuing operations | (45.0) | (5.1) |
