Group Statement of Cash Flows
For the year ended 31 December 2010
| Note | 2010 | 2009 |
Cash generated from operations | 222.1 | 218.0 | |
Tax (paid)/received |
| (8.6) | 2.6 |
Net cash from operating activities |
| 213.5 | 220.6 |
Cash flows from investing activities |
|
|
|
Payments to acquire businesses, net of cash acquired | 0.1 | – | |
Deferred consideration for businesses acquired and disposed |
| (2.4) | 0.7 |
Purchase of property, plant and equipment |
| (49.9) | (81.2) |
Proceeds from disposal of property, plant and equipment |
| 7.4 | 35.1 |
Payments to acquire intangible assets | (2.0) | (5.8) | |
Payments to acquire available for sale investments |
| (0.3) | – |
Receipts from disposal of available for sale investments |
| – | 1.0 |
Receipts from disposal of businesses, net of cash disposed |
| – | 28.4 |
Receipts in respect of discontinued operations | 0.3 | 5.5 | |
Dividends received from associates |
| 0.2 | 0.6 |
Interest received |
| 1.1 | 9.6 |
Net cash used in investing activities |
| (45.5) | (6.1) |
Cash flows from financing activities |
|
|
|
Proceeds from issue of ordinary shares |
| – | 357.9 |
Payments incurred on the issue of ordinary shares |
| (3.8) | – |
Proceeds from sale of treasury shares |
| – | 0.3 |
Purchase of treasury shares |
| (1.7) | (1.8) |
Reclaim of VAT on historical share issue costs |
| – | 0.8 |
Interest paid |
| (43.8) | (52.8) |
Finance lease principal payments |
| (18.7) | (50.4) |
Net loans repaid |
| (74.0) | (434.4) |
Payments for the maturity of foreign currency contracts |
| (2.0) | (15.1) |
Dividends paid to non-controlling interests |
| – | (0.5) |
Dividends paid to shareholders of the Company |
| – | (15.2) |
Net cash used in financing activities |
| (144.0) | (211.2) |
Increase in cash and cash equivalents |
| 24.0 | 3.3 |
Opening cash and cash equivalents |
| 105.8 | 105.9 |
Increase in cash and cash equivalents |
| 24.0 | 3.3 |
Foreign exchange |
| (1.0) | (3.4) |
Closing cash and cash equivalents | 128.8 | 105.8 |
