Annual Report & Accounts 2008
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- Consolidated Cash Flow Statement
Financial year ended 3 February 2008
| Note |
2008 (53 weeks) £m |
2007 (52 weeks) £m |
|
|---|---|---|---|
| Cash flows from operating activities | |||
| Cash generated from operations | 25 | 96.6 | 90.6 |
| Interest received | 0.9 | 0.6 | |
| Interest paid | (11.8) | (14.1) | |
| Dividends paid on preference shares | (5.6) | (6.7) | |
| Taxation paid | (23.1) | (18.7) | |
| Net cash generated from operating activities | 57.0 | 51.7 | |
| Cash flows from investing activities | |||
| Acquisition of business | 23 | (0.6) | – |
| Proceeds from disposal of business | 24 | 24.4 | 20.4 |
| Proceeds from sale of property, plant and equipment | 25 | 1.9 | 5.1 |
| Purchase of property, plant and equipment | (7.1) | (7.4) | |
| Purchase of intangible assets (computer software) | (10.4) | (7.0) | |
| Net cash generated from investing activities | 8.2 | 11.1 | |
| Cash flows from financing activities | |||
| Issue of ordinary shares | 20 | 1.4 | 1.3 |
| Purchase of ordinary shares | 20 | (2.5) | – |
| Purchase of preference shares | 15 | (17.7) | (8.4) |
| New bank loans | 32.1 | 78.9 | |
| Repayment of bank loans | (29.3) | (115.1) | |
| Dividends paid to ordinary shareholders | 7 | (32.7) | (32.6) |
| Net cash used in financing activities | (48.7) | (75.9) | |
| Net increase/(decrease) in cash, cash equivalents and bank overdrafts | 16.5 | (13.1) | |
| Cash, cash equivalents and bank overdrafts at beginning of year | 21.3 | 35.6 | |
| Exchange losses | (0.2) | (1.2) | |
| Cash, cash equivalents and bank overdrafts at end of year | 13 | 37.6 | 21.3 |
The accounting policies and notes are an integral part of these consolidated financial statements.