Annual Report and Accounts 2014

 

Group Cash Flow Statement

For the year ended 31 March 2014

 

Restated

 

2014

2013

 

Note

£’000

£’000

 

 

 

 

Operating activities

 

 

 

Cash generated from operations before exceptionals

41

348,664

264,614

Exceptionals

(21,097)

(25,179)

Cash generated from operations

327,567

239,435

Interest paid

(50,011)

(39,970)

Income tax paid

(33,193)

(31,273)

Net cash flows from operating activities

244,363

168,192

 

 

Investing activities

 

Inflows

 

Proceeds from disposal of property, plant and equipment

8,584

5,042

Government grants received

35

100

-

Disposal of subsidiaries

11,073

11,722

Interest received

30,210

25,593

 

49,967

42,357

Outflows

 

Purchase of property, plant and equipment

(79,241)

(62,508)

Acquisition of subsidiaries

45

(39,876)

(156,177)

Deferred and contingent acquisition consideration paid

(10,196)

(11,970)

 

(129,313)

(230,655)

Net cash flows from investing activities

(79,346)

(188,298)

 

 

Financing activities

 

Inflows

 

Re-issue of treasury shares

1,981

1,702

Increase in interest-bearing loans and borrowings

342,950

-

Net cash movement in derivative financial instruments

4,554

-

Increase in finance lease liabilities

324

1,425

 

349,809

3,127

Outflows

 

Repayment of interest-bearing loans and borrowings

(60,364)

-

Repayment of finance lease liabilities

(499)

(564)

Dividends paid to owners of the Parent

17

(61,888)

(54,480)

Dividends paid to non-controlling interests

40

(207)

(200)

 

(122,958)

(55,244)

Net cash flows from financing activities

226,851

(52,117)

 

 

Change in cash and cash equivalents

391,868

(72,223)

Translation adjustment

(8,376)

2,891

Cash and cash equivalents at beginning of year

431,074

500,406

Cash and cash equivalents at end of year

30

814,566

431,074

 

 

Cash and cash equivalents consists of:

 

Cash and short term bank deposits

27

963,144

518,925

Overdrafts

30

(148,578)

(87,851)

 

 

814,566

431,074

 

 

 

Michael Buckley, Tommy Breen, Directors