| |
|
|
2009 |
2008 |
2007 |
2006 |
2005 |
| |
|
|
£m |
£m |
£m |
£m |
£m |
| Continuing operations |
|
|
|
|
|
|
|
| Profit for the year |
|
|
84.2 |
68.6 |
54.9 |
56.9 |
38.9 |
| Adjustments for: |
|
|
|
|
|
|
|
| Income tax |
|
|
18.5 |
23.3 |
15.2 |
17.9 |
14.1 |
| Finance income |
|
|
(6.7) |
(9.8) |
(9.0) |
(7.9) |
(6.8) |
| Finance cost |
|
|
9.8 |
5.5 |
5.4 |
11.2 |
10.7 |
| Share of post-tax profits from Joint Ventures |
|
|
(0.2) |
(0.9) |
(2.8) |
(8.8) |
(10.2) |
| Profit on disposal of Joint Ventures |
|
|
(2.5) |
– |
– |
(6.4) |
(3.7) |
| Depreciation charges |
|
|
20.7 |
19.3 |
18.8 |
14.7 |
19.1 |
| Amortisation charges |
|
|
12.7 |
11.1 |
11.6 |
9.6 |
8.7 |
| Release of deferred income |
|
|
(0.1) |
(3.0) |
(0.2) |
(0.8) |
(0.8) |
| Impairment of goodwill |
|
|
– |
– |
– |
– |
7.2 |
| Share-based payment charge |
|
|
8.9 |
8.6 |
5.1 |
3.0 |
2.2 |
| Result on disposal of property, plant and equipment |
|
|
0.7 |
0.1 |
(0.1) |
0.7 |
(0.4) |
| Movement in provisions |
|
|
9.2 |
(5.5) |
8.5 |
(0.1) |
2.8 |
| Working capital movements |
|
|
(29.7) |
(36.4) |
(13.5) |
21.7 |
6.3 |
| Cash generated from continuing operations |
|
|
125.5 |
80.9 |
93.9 |
111.7 |
88.1 |
| |
|
|
|
|
|
|
|
| Discontinued operations |
|
|
|
|
|
|
|
| Profit for the year |
|
|
– |
0.3 |
10.8 |
– |
– |
| Cash generated from discontinued operations |
|
|
– |
0.3 |
10.8 |
– |
– |
| |
|
|
|
|
|
|
|
| Cash generated from operations |
|
|
125.5 |
81.2 |
104.7 |
111.7 |
88.1 |
| Interest received |
|
|
6.3 |
9.7 |
8.9 |
7.6 |
7.0 |
| Interest paid |
|
|
(2.2) |
(3.3) |
(2.1) |
(2.4) |
(2.4) |
| Income tax (paid)/received |
|
|
(12.8) |
(14.7) |
4.9 |
(10.9) |
(18.3) |
| Net cash from operating activities |
|
|
116.8 |
72.9 |
116.4 |
106.0 |
74.4 |
| |
|
|
|
|
|
|
|
| Cash flows from investing activities |
|
|
(32.8) |
(27.2) |
(78.0) |
(41.2) |
(20.9) |
| |
|
|
|
|
|
|
|
| Cash flows from financing activities |
|
|
(45.8) |
(78.3) |
(25.9) |
(2.9) |
(25.6) |
| |
|
|
|
|
|
|
|
| Net increase in cash, cash equivalents and bank overdrafts |
|
|
38.2 |
(32.6) |
12.5 |
61.9 |
27.9 |
| Cash, cash equivalents and bank overdrafts at beginning of year |
|
|
154.5 |
187.7 |
177.4 |
114.6 |
86.2 |
| |
|
|
|
|
|
|
|
| Effect of exchange rate changes |
|
|
17.0 |
(0.6) |
(2.2) |
0.9 |
0.5 |
| Cash, cash equivalents and bank overdrafts at end of year |
|
|
209.7 |
154.5 |
187.7 |
177.4 |
114.6 |
| |
|
|
|
|
|
|
|
| Financial assets |
|
|
28.7 |
29.7 |
49.6 |
40.8 |
31.2 |
| Loan notes receivable |
|
|
12.9 |
5.6 |
– |
– |
– |
| Borrowings due within one year |
|
|
(2.8) |
(4.2) |
(0.4) |
(2.7) |
– |
| Borrowings due after one year |
|
|
(0.6) |
(3.2) |
(23.1) |
(20.6) |
(10.5) |
| Finance leases |
|
|
(13.7) |
(14.0) |
(14.7) |
(18.3) |
(13.6) |
| Net funds |
|
|
234.2 |
168.4 |
199.1 |
176.6 |
121.7 |
