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Group Statement of Cash Flows

For the year ended 31 December 2007

2007
£m		 2006
£m
Cash generated from operations 272.1 254.5
Tax paid (18.8) (9.0)
Net cash from operating activities 253.3 245.5
Cash flows from investing activities
Payments to acquire businesses, net of cash acquired (485.0) (19.8)
Deferred consideration for businesses acquired (1.7) (3.0)
Purchase of property, plant and equipment (149.7) (73.5)
Proceeds from disposal of property, plant and equipment 22.9 24.3
Payments to acquire available for sale investments - (4.6)
Payments to acquire associates - (1.5)
Receipts from disposal of available for sale investments 10.7 13.2
Receipts from disposal of businesses, net of cash disposed 34.3 -
Payments in respect of discontinued operations (1.9) -
Receipts from disposal of intangible assets - 1.5
Interest received 17.0 12.4
Net cash used in investing activities (553.4) (51.0)
Cash flows from financing activities
Proceeds from issue of ordinary shares 5.5 15.8
Purchase of treasury shares - (11.6)
Interest paid (39.5) (32.1)
Finance lease principal payments (26.3) (21.5)
Net loans advanced/(repaid) 424.9 (89.9)
Loans receivable repaid - 1.0
Dividends paid to minority interests (0.1) -
Dividends paid to shareholders of the Company (53.9) (49.7)
Net cash from/(used in) financing activities 310.6 (188.0)
Increase in cash and cash equivalents 10.5 6.5
Opening cash and cash equivalents 143.6 140.0
Increase in cash and cash equivalents 10.5 6.5
Foreign exchange 3.1 (2.9)
Closing cash and cash equivalents 157.2 143.6
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