Group Cash Flow Statement

For the year ended 31 December 2011

Note

2011
£m

2010
£m

Cash generated from operations

37

247.0

222.1

Tax paid

(8.4)

(8.6)

Net cash from operating activities

238.6

213.5

Cash flows from investing activities

Payments to acquire businesses, net of cash acquired

19(a)

(0.4)

0.1

Deferred consideration for businesses acquired and disposed

19(a)(b)

(5.7)

(2.4)

Purchase of property, plant and equipment

(104.5)

(49.9)

Proceeds from disposal of property, plant and equipment

6.3

7.4

Payments to acquire intangible assets

14

(3.9)

(2.0)

Payments to acquire available for sale investments

-

(0.3)

Receipts in respect of discontinued operations

11

-

0.3

Dividends received from associates

1.0

0.2

Interest received

5.6

1.1

Net cash used in investing activities

(101.6)

(45.5)

Cash flows from financing activities

Payments incurred on the issue of ordinary shares

-

(3.8)

Purchase of treasury shares

(2.7)

(1.7)

Interest paid

(50.2)

(43.8)

Finance lease principal payments

(24.9)

(18.7)

Net loans repaid

(35.6)

(74.0)

Payments for the maturity of foreign currency contracts

(12.8)

(2.0)

Dividends paid to non-controlling interests

(0.4)

-

Payments for equity in non-controlling interests

(0.5)

-

Dividends paid to shareholders of the Company

(45.8)

-

Net cash used in financing activities

(172.9)

(144.0)

(Decrease)/increase in cash and cash equivalents

(35.9)

24.0

Opening cash and cash equivalents

128.8

105.8

(Decrease)/increase in cash and cash equivalents

(35.9)

24.0

Foreign exchange

(0.4)

(1.0)

Closing cash and cash equivalents

23

92.5

128.8