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Company Cash Flow Statement
For the year to 28 February 2011, continued
28.02.2011
28.02.2010
£’000
£’000
Profit before taxation
11,646
33,106
Adjustments for:
- Depreciation of property, plant and equipment
461
270
- Investment income
(578)
(413)
- Interest expense
2,160
1,235
- Amortisation of income share issue costs
15
29
- Dividends received from Group companies
(18,000)
(39,903)
- Share based payment
84
190
- Impairment of investment in subsidiary
182
1,400
(4,030)
(4,086)
(Increase)/decrease in other receivables
(948)
(51)
(Decrease)/increase in payables
3,285
(630)
Cash generated from operations
(1,693)
(4,767)
Net cash flows from operating activities
(1,693)
(4,767)
Cash flows from investing activities
Purchase of investments
(15,000)
-
Purchase of property, plant and equipment
(711)
(1,313)
Dividends received from Group companies
18,000
39,903
Loans advanced to subsidiaries
(68,314)
(37,586)
Repayments of loans advanced to subsidiaries
12,430
17,762
Bank and other interest received
578
413
Interest paid
(2,305)
(1,299)
Net cash flows from investing activities
(55,322)
17,880
Financing activities
Issue of Ordinary Shares
-
-
Issue costs paid on issuance of Ordinary Shares
(277)
(253)
Dividends paid on Ordinary Shares
(15,910)
(12,993)
Proceeds from new finance leases
-
1,290
Repayment of finance leases
(678)
(826)
Proceeds from new borrowings
90,000
5,000
Repayment of existing borrowings
(24,203)
-
Net cash flows from financing activities
48,932
(7,782)
Increase in cash and cash equivalents
(8,083)
5,331
Cash and cash equivalents at 1 March
8,299
2,968
Cash and cash equivalents at 28 February
216
8,299
77
Financial Statements