GROUP STATEMENT OF CASH FLOWS
For the Year Ended 31 December 2006
| 2006 £m |
2005 £m |
|
|---|---|---|
| Cash generated from operations | 254.5 | 181.1 |
| Tax paid | (9.0) | (26.7) |
| Net cash from operating activities | 245.5 | 154.4 |
| Cash flows from investing activities | ||
| Payments to acquire businesses, net of cash acquired | (19.8) | (218.8) |
| Deferred consideration for businesses acquired | (3.0) | (0.3) |
| Purchase of property, plant and equipment | (73.5) | (61.7) |
| Proceeds from disposal of property, plant and equipment | 24.3 | 8.1 |
| Payments to acquire investments | (4.6) | – |
| Payments to acquire associates | (1.5) | – |
| Receipts from disposal of investments | 13.2 | – |
| Receipts from disposal of businesses, net of cash disposed | – | 71.3 |
| Receipts from disposal of intangible assets | 1.5 | – |
| Interest received | 12.4 | 10.8 |
| Receipts from sale of shares for employee schemes | – | 3.5 |
| Net cash used in investing activities | (51.0) | (187.1) |
| Cash flows from financing activities | ||
| Proceeds from issue of ordinary shares | 15.8 | 4.9 |
| Purchase of treasury shares | (11.6) | (3.5) |
| Share buy back | – | (25.8) |
| Interest paid | (32.1) | (32.6) |
| Finance lease principal payments | (21.5) | (20.0) |
| Repayment of loan notes | – | (6.7) |
| Net loans (repaid)/advanced | (89.9) | 148.1 |
| Loans receivable repaid | 1.0 | – |
| Dividends paid | (49.7) | (41.6) |
| Net cash (used in)/from financing activities | (188.0) | 22.8 |
| Increase/(decrease) in cash and cash equivalents | 6.5 | (9.9) |
| Opening cash and cash equivalents | 140.0 | 147.2 |
| Increase/(decrease) in cash and cash equivalents | 6.5 | (9.9) |
| Foreign exchange | (2.9) | 2.7 |
| Closing cash and cash equivalents | 143.6 | 140.0 |
