|
|
Six
months to 30th June |
Six
months to 30th June |
Year ended
31st December |
|
|
|
2009 |
2008 |
2008 |
|
| |
notes |
£000 |
£000 |
£000 |
|
| Cash flows from operating
activities |
|
|
|
| Profit before taxation |
|
30,199 |
41,937 |
85,162 |
|
| Depreciation and amortisation |
|
9,338 |
8,198 |
19,859 |
|
| Share of profit of associates |
|
(1,179) |
(1,030) |
(2,398) |
|
| Equity settled share plans |
|
1,144 |
1,075 |
1,519 |
|
| Net finance expense |
|
1,045 |
(759) |
(1,736) |
|
| Operating
cash flows before changes in working capital and provisions |
|
40,547 |
49,421 |
102,406 |
|
| Change in trade and other
receivables |
|
4,080 |
(4,534) |
(4,029) |
|
| Change in inventories |
|
2,437 |
(5,468) |
(12,143) |
|
| Change in trade and other
payables |
|
(6,283) |
368 |
4,819 |
|
| Change in provisions and
post-retirement benefits |
|
(4,101) |
(196) |
(3,236) |
|
| Cash generated from
operations |
|
36,680 |
39,591 |
87,817 |
|
| Interest paid |
|
(605) |
(737) |
(1,480) |
|
| Income taxes paid |
|
(15,424) |
(10,802) |
(22,087) |
|
| Net cash from operating
activities |
|
20,651 |
28,052 |
64,250 |
|
|
|
|
|
|
| Cash flows from investing
activities |
|
|
|
|
| Purchase of property, plant
and equipment |
|
(13,957) |
(6,882) |
(22,881) |
|
| Proceeds from sale of
property, plant and equipment |
|
375 |
346 |
879 |
|
| Purchase of software and
other intangibles |
|
(758) |
(1,322) |
(2,999) |
|
| Development expenditure
capitalised |
|
(819) |
(561) |
(1,542) |
|
| Acquisition of businesses |
|
(1,288) |
(12,166) |
(13,939) |
|
| Interest received |
|
341 |
561 |
1,291 |
|
| Dividends received |
|
316 |
329 |
1,063 |
|
| Net cash used in investing
activities |
|
(15,790) |
(19,695) |
(38,128) |
|
|
|
|
|
|
| Cash flows from financing
activities |
|
|
|
|
| Proceeds from issue of share
capital |
|
- |
13 |
62 |
|
| Proceeds from reissue of
treasury shares |
|
343 |
2,208 |
3,888 |
|
| Treasury shares purchased |
|
- |
- |
(6,762) |
|
| Repayment of borrowings |
|
- |
(1,936) |
- |
|
| Proceeds from borrowings |
7 |
2,056 |
- |
9,396 |
|
| Payment of finance lease
liabilities |
7 |
(24) |
- |
(66) |
|
| Dividends paid (including
minorities) |
|
(17,739) |
(16,484) |
(24,252) |
|
| Net cash used in financing
activities |
|
(15,364) |
(16,199) |
(17,734) |
|
|
|
|
|
|
| Net decrease in cash and cash
equivalents |
7 |
(10,503) |
(7,842) |
8,388 |
|
| Cash and cash equivalents at
beginning of period |
7 |
52,095 |
37,857 |
37,857 |
|
| Exchange movement |
7 |
(4,260) |
1,617 |
5,850 |
|
| Cash and cash equivalents at
end of period |
7 |
37,332 |
31,632 |
52,095 |
|
|
|
|
|
|
| Borrowings and finance leases |
7 |
(33,231) |
(19,407) |
(34,705) |
|
| Net cash |
7 |
4,101 |
12,225 |
17,390 |
|
|
|
|
|
|
|
|
|
|
