| |
Notes |
2008
£m |
|
2007
£m |
 |
|
|
| Cash flows from operating activities |
|
|
|
|
| Cash generated from operations |
19 |
206.6 |
|
115.2 |
| Interest paid |
|
(41.4) |
|
(24.9) |
| Interest received |
|
7.2 |
|
5.8 |
| Income taxes paid |
|
(52.0) |
|
(26.7) |
|
|
|
| Net cash inflow from operating activities |
|
120.4 |
|
69.4 |
| |
|
|
|
|
| Cash flows from investing activities |
|
|
|
|
| Purchase of property, plant and equipment |
|
(72.8) |
|
(59.9) |
| Proceeds from the sale of property, plant and equipment |
|
2.2 |
|
10.5 |
| Proceeds from the sale of investments |
|
14.7 |
|
- |
| Purchase of property classified as held for sale |
|
- |
|
(9.0) |
| Proceeds from the sale of property classified as held for sale |
|
- |
|
12.7 |
| Acquisition of subsidiaries and joint ventures, net of cash acquired |
42 |
(502.2) |
|
(14.0) |
| Disposal of subsidiaries and joint ventures, net of cash disposed of |
43 |
21.2 |
|
24.8 |
| Dividends received from joint ventures |
|
0.4 |
|
1.3 |
| Other investing outflows, including additional costs for prior years' disposals |
|
(2.1) |
|
(11.6) |
| Net cash outflow from investing activities |
|
(538.6) |
|
(45.2) |
|
|
|
| Net cash (outflow)/inflow before financing activities |
|
(418.2) |
|
24.2 |
| |
|
|
|
|
| Cash flows from financing activities |
|
|
|
|
| Repayment of borrowings |
21 |
- |
|
(93.0) |
| Increase in borrowings |
21 |
365.6 |
|
14.2 |
| Settlement of forward foreign exchange contracts |
|
18.3 |
|
(20.0) |
| Proceeds from the issue of share capital |
|
0.1 |
|
152.5 |
| Purchase of treasury shares |
|
(3.9) |
|
- |
| Proceeds from the sale of treasury shares |
|
0.3 |
|
- |
| Borrowing facility arrangement costs |
|
(6.0) |
|
(4.8) |
| Dividends paid to equity shareholders |
17 |
(31.0) |
|
(21.7) |
| Dividends paid to minority shareholders |
|
(2.1) |
|
(1.8) |
| Net cash inflow from financing activities |
|
341.3 |
|
25.4 |
|
|
|
| Net (decrease)/increase in cash and cash equivalents |
21 |
(76.9) |
|
49.6 |
| Cash and cash equivalents at 1 January |
|
153.2 |
|
105.0 |
| Effect of exchange rate fluctuations on cash and cash equivalents |
|
29.3 |
|
(1.4) |
|
|
|
| Cash and cash equivalents at 31 December |
20 |
105.6 |
|
153.2 |
|
|
|
| |
|
|
|
|
| Free cash flow: |
|
|
|
|
| Net cash inflow from operating activities |
|
120.4 |
|
69.4 |
| Additional funding contributions into Group pension plans |
|
25.0 |
|
28.1 |
| Purchase of property, plant and equipment |
|
(72.8) |
|
(59.9) |
| Proceeds from the sale of property, plant and equipment |
|
2.2 |
|
10.5 |
| Dividends received from joint ventures |
|
0.4 |
|
1.3 |
| Dividends paid to minority shareholders |
|
(2.1) |
|
(1.8) |
|
|
|
| Free cash flow |
3.22 |
73.1 |
|
47.6 |
|
|
|