for the year ended 31 October 2011
|
|
2011
£m |
2010
£m |
|
Cash flows from operating activities |
|
|
|
Cash generated from underlying operations |
124.6 |
128.0 |
|
Acquisition related costs |
(6.6) |
(6.7) |
|
Restructuring and incident costs |
(6.7) | (1.9) |
|
Cash generated from operations |
111.3 |
119.4 |
|
Tax paid |
(17.2) |
(30.0) |
|
Net cash inflow from operating activities |
94.1 |
89.4 |
|
|
|
|
|
Cash flows from investing activities |
|
|
|
Dividends received from associate |
0.1 |
0.1 |
|
Purchases of intangible assets |
(12.9) |
(7.8) |
|
Purchases of property, plant and equipment |
(48.8) |
(40.9) |
|
Proceeds on disposal of property, plant and equipment |
0.4 |
- |
|
Acquisition of subsidiary undertakings (including overdraft assumed) |
(58.0) |
(176.8) |
|
Net cash outflow from investing activities |
(119.2) |
(225.4) |
|
|
|
|
|
Cash flows from financing activities |
|
|
|
Dividends paid |
(22.7) |
(18.7) |
|
Interest paid |
(17.8) |
(14.0) |
|
Proceeds on issue of shares |
110.4 |
0.1 |
|
New borrowings |
107.2 |
211.5 |
|
Capitalised facility fees |
(4.8) |
(2.7) |
|
Repayments of borrowings |
(112.6) |
(41.7) |
|
Proceeds from new finance leases |
3.4 |
4.5 |
|
Repayments of finance leases |
(2.6) |
(0.7) |
|
Purchase of own shares |
(1.5) |
(3.9) |
|
Net cash inflow from financing activities |
59.0 |
134.4 |
|
|
|
|
|
Increase/(decrease) in cash and cash equivalents during the year |
33.9 |
(1.6) |
|
Cash and cash equivalents at start of the year |
58.4 |
61.3 |
|
Effect of foreign exchange rate changes |
(0.4) |
(1.3) |
|
Cash and cash equivalents at end of the year |
91.9 |
58.4 |