Group Cash Flow Statement

For the year ended 31 December 2012

Note

2012
£m

2011
£m

Cash generated from operations

37

169.6

247.0

Tax paid

(13.4)

(8.4)

Net cash from operating activities

156.2

238.6

Cash flows from investing activities

Payments to acquire businesses, net of cash acquired

19(a)

(156.9)

(0.4)

Deferred consideration for businesses acquired and disposed

19(a)(b)

(0.6)

(5.7)

Purchase of property, plant and equipment

(103.8)

(104.5)

Proceeds from disposal of property, plant and equipment

16.7

6.3

Payments to acquire intangible assets

(2.9)

(3.9)

Payments to acquire associates

(0.5)

-

Proceeds from disposal of associates

1.6

-

Dividends received from associates

0.9

1.0

Interest received

3.7

5.6

Net cash used in investing activities

(241.8)

(101.6)

Cash flows from financing activities

Proceeds from the sale of treasury shares

4.0

-

Purchase of own shares

(4.8)

(2.7)

Interest paid

(48.8)

(50.2)

Finance lease principal payments

(18.0)

(24.9)

Net loans drawn down/(repaid)

174.5

(35.6)

Payments/(payments) for the maturity of foreign currency contracts

8.9

(12.8)

Dividends paid to non-controlling interests

(0.1)

(0.4)

Payments for equity in non-controlling interests

-

(0.5)

Dividends paid to shareholders of the Company

(49.3)

(45.8)

Net cash from/(used in) financing activities

66.4

(172.9)

Decrease in cash and cash equivalents

(19.2)

(35.9)

Opening cash and cash equivalents

92.5

128.8

Decrease in cash and cash equivalents

(19.2)

(35.9)

Foreign exchange

(0.5)

(0.4)

Closing cash and cash equivalents

23

72.8

92.5