consolidated cash flow statement
Notes |
Year ended 31 December 2007 £'000 |
Year ended 31 December 2006 £'000 |
|
| Cash inflow from operating activities | 18,313 |
7,606 |
|
| Interest received | 523 |
264 |
|
| Interest paid | (6,158) |
(4,212) |
|
| Interest element of finance lease payment | (75) |
(74) |
|
| Taxation | (67) |
3 |
|
| Net cash inflow from operating activities | 12,536 |
3,587 |
|
| Cash flows from investing activities | |||
| Acquisition of subsidiaries | — |
(50,208) |
|
| Cash acquired with subsidiaries | — |
3,618 |
|
| Purchase of property, plant and equipment | (15,206) |
(6,619) |
|
| Prepayment of property, plant and equipment | (8,907) |
— |
|
| Proceeds on sale of assets | — |
2,236 |
|
| Net cash used in investing activities | (24,113) |
(50,973) |
|
| Cash flows from financing activities | |||
| Net proceeds on issue of ordinary share capital | 67,042 |
291 |
|
| Repayment of obligations under finance leases | (160) |
(98) |
|
| Proceeds from borrowings | 42,433 |
126,470 |
|
| Repayment of borrowings | (71,297) |
(80,000) |
|
| Net cash inflow from financing activities | 38,018 |
46,663 |
|
| Net increase/(decrease) in cash and cash equivalents | 26,441 |
(723) |
|
| Effects of foreign exchange rate change | 363 |
(36) |
|
| Cash and cash equivalents at beginning of year | 10,157 |
10,916 |
|
| Cash and cash equivalents at end of year | 36,961 |
10,157 |
The notes in the notes section are an integral part of these consolidated financial statements.
The Company does not hold cash and consequently has not presented a cash flow statement.