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Group |
|
Parent company |
| Click on notes to open |
Notes |
|
2009
£ million |
|
2008
restated
£ million |
|
2009
£ million |
|
2008
£ million |
| |
|
|
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|
|
|
|
|
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| Cash flows from operating activities |
|
|
|
|
|
|
|
|
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| Profit / (loss) before tax |
|
|
249.4 |
|
262.3 |
|
(7.0) |
|
48.1 |
| Adjustments for: |
|
|
|
|
|
|
|
|
|
| Share of (profit) / loss in associate |
19 |
|
(2.0) |
|
1.1 |
|
- |
|
- |
| Discontinued operations |
41 |
|
0.9 |
|
0.3 |
|
- |
|
- |
| Depreciation, amortisation and profit on sale of non-current assets and investments |
|
|
110.3 |
|
82.0 |
|
69.1 |
|
32.2 |
| Share-based payments |
|
|
- |
|
4.3 |
|
- |
|
2.5 |
| Decrease / (increase) in inventories |
|
|
80.1 |
|
8.3 |
|
(54.2) |
|
17.0 |
| Decrease / (increase) in receivables |
|
|
215.9 |
|
(87.1) |
|
685.0 |
|
(330.6) |
| (Decrease) / increase in payables |
|
|
(91.8) |
|
7.2 |
|
198.1 |
|
260.1 |
| Increase / (decrease) in provisions |
|
|
6.3 |
|
(3.1) |
|
(13.9) |
|
0.3 |
| Employee benefit obligations charge less contributions |
|
|
(9.0) |
|
(6.8) |
|
(10.1) |
|
(7.4) |
| Changes in fair value of financial instruments |
|
|
(6.0) |
|
2.3 |
|
(5.1) |
|
5.4 |
| Net finance costs |
|
|
32.6 |
|
30.3 |
|
14.9 |
|
10.0 |
| Income tax paid |
|
|
(85.3) |
|
(71.5) |
|
(25.8) |
|
(3.3) |
| |
|
|
|
|
|
|
|
|
|
| Net cash inflow from operating activities |
|
|
501.4 |
|
229.6 |
|
851.0 |
|
34.3 |
| |
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
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| Cash flows from investing activities |
|
|
|
|
|
|
|
|
|
| Dividends received from associate |
19 |
|
- |
|
0.4 |
|
- |
|
- |
| Dividends received from subsidiaries |
|
|
- |
|
- |
|
56.0 |
|
- |
| Purchases of non-current assets and investments |
36 |
|
(209.3) |
|
(145.1) |
|
(1,004.9) |
|
(105.8) |
| Proceeds from sale of non-current assets and investments |
|
|
0.2 |
|
1.5 |
|
- |
|
1.0 |
| Purchases of businesses and minority interests |
36 |
|
(8.2) |
|
(158.1) |
|
- |
|
- |
| Net proceeds from sale of businesses and minority interests |
36 |
|
17.6 |
|
(1.8) |
|
187.6 |
|
(1.2) |
| |
|
|
|
|
|
|
|
|
|
| Net cash outflow from investing activities |
|
|
(199.7) |
|
(303.1) |
|
(761.3) |
|
(106.0) |
| |
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
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| Cash flows from financing activities |
|
|
|
|
|
|
|
|
|
| Net purchase of own shares |
36 |
|
0.8 |
|
(44.6) |
|
0.8 |
|
(45.4) |
| (Repayment of) / proceeds from borrowings and finance leases |
36 |
|
(48.6) |
|
208.0 |
|
(7.7) |
|
211.7 |
| Dividends paid to equity holders of the parent company |
10 |
|
(78.1) |
|
(72.3) |
|
(78.1) |
|
(72.3) |
| Settlement of currency swaps for net investment hedging |
|
|
(93.9) |
|
(18.9) |
|
- |
|
- |
| Interest paid |
|
|
(42.7) |
|
(39.4) |
|
(84.0) |
|
(87.5) |
| Interest received |
|
|
9.0 |
|
9.7 |
|
69.2 |
|
77.8 |
| |
|
|
|
|
|
|
|
|
|
| Net cash (outflow) / inflow from financing activities |
|
|
(253.5) |
|
42.5 |
|
(99.8) |
|
84.3 |
| |
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| Increase / (decrease) in cash and cash equivalents in the year |
|
|
48.2 |
|
(31.0) |
|
(10.1) |
|
12.6 |
| Exchange differences on cash and cash equivalents |
|
|
13.1 |
|
9.5 |
|
- |
|
- |
| Cash and cash equivalents at beginning of year |
|
|
38.5 |
|
60.0 |
|
5.1 |
|
(7.5) |
| |
|
|
|
|
|
|
|
|
|
| Cash and cash equivalents at end of year |
37 |
|
99.8 |
|
38.5 |
|
(5.0) |
|
5.1 |
| |
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| Reconciliation to net debt |
|
|
|
|
|
|
|
|
|
| Increase / (decrease) in cash and cash equivalents in the year |
|
|
48.2 |
|
(31.0) |
|
(10.1) |
|
12.6 |
| Repayment of / (proceeds from) borrowings and finance leases |
|
|
48.6 |
|
(208.0) |
|
7.7 |
|
(211.7) |
| |
|
|
|
|
|
|
|
|
|
| Change in net debt resulting from cash flows |
|
|
96.8 |
|
(239.0) |
|
(2.4) |
|
(199.1) |
| Borrowings acquired with subsidiaries |
|
|
- |
|
(3.6) |
|
- |
|
- |
| Exchange differences on net debt |
|
|
(20.8) |
|
(3.0) |
|
(0.1) |
|
- |
| |
|
|
|
|
|
|
|
|
|
| Movement in net debt in year |
|
|
76.0 |
|
(245.6) |
|
(2.5) |
|
(199.1) |
| Net debt at beginning of year |
|
|
(610.4) |
|
(364.8) |
|
(614.4) |
|
(415.3) |
| |
|
|
|
|
|
|
|
|
|
| Net debt at end of year |
26 |
|
(534.4) |
|
(610.4) |
|
(616.9) |
|
(614.4) |
| |
|
|
|
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|
