Group Cash Flow Statement
For the year ended 31 December 2008
| Notes | 2008 £ million |
2007 £ million |
|
|---|---|---|---|
| Cash flows from operating activities | |||
| Cash generated from operations | 2 | 276.1 | 230.2 |
| Tax paid | (39.6) | (21.4) | |
| Net cash generated from operating activities | 236.5 | 208.8 | |
| Cash flows from investing activities | |||
| Acquisitions (net of cash acquired) | 29 | (15.9) | (0.4) |
| Purchases of property, plant and equipment (PPE) | (265.2) | (180.6) | |
| Proceeds from sale of PPE | 2 | 9.0 | 8.1 |
| Net cash used in investing activities | (272.1) | (172.9) | |
| Cash flows from financing activities | |||
| Net proceeds from issue of ordinary shares | 1.3 | 1.8 | |
| Increase in long-term loans | 185.7 | 66.0 | |
| Repayment of long-term loans | (107.1) | (62.6) | |
| Net movement in short-term loans | 4.9 | (7.1) | |
| Interest received | 0.5 | 1.5 | |
| Interest paid | (14.6) | (12.8) | |
| Dividends paid to shareholders | (23.7) | (19.2) | |
| Purchase of treasury shares | (13.2) | (4.2) | |
| Sale of own shares by Employee Benefit Trust | 0.9 | - | |
| Net cash from/(used in) financing activities | 34.7 | (36.6) | |
| Net decrease in cash and cash equivalents | (0.9) | (0.7) | |
| Cash and cash equivalents at beginning of the year | 9.6 | 10.0 | |
| Exchange gain on cash and cash equivalents | 1.6 | 0.3 | |
| Cash and cash equivalents at end of the year | 3 | 10.3 | 9.6 |
