Consolidated Cash Flow
Statement
For the year ended 31 December
| Notes | 2006 £m |
2005 £m |
|
| Cash flows from operating activities | |||
| Cash generated from operating activities before special pension contribution |
29 | 369.5 | 476.5 |
| Special pension contribution | - | (200.0) | |
| Cash generated from operating activities | 369.5 | 276.5 | |
| Interest received | 13.1 | 19.8 | |
| Interest paid | (54.7) | (63.4) | |
| Income tax paid | (38.5) | (80.5) | |
| Net cash generated from operating activities | 289.4 | 152.4 | |
| Cash flows from investing activities | |||
| Purchase of property, plant and equipment (PPE) |
(176.3) | (183.8) | |
| Purchase of intangible fixed assets | (6.3) | (9.2) | |
| Proceeds from sale of PPE | 42.5 | 21.9 | |
| Proceeds from sale of intangible assets | - | 0.1 | |
| Acquisition of companies and businesses, net of cash acquired |
32 | (406.5) | (42.0) |
| Proceeds from disposal of companies and businesses |
9 | 134.9 | 323.3 |
| Dividends received from associates | 1.0 | 1.0 | |
| Net cash flows from investing activities | (410.7) | 111.3 | |
| Cash flows from financing activities | |||
| Issue of ordinary share capital | 0.9 | 5.7 | |
| Treasury shares purchased | (1.9) | - | |
| Dividends paid to equity shareholders | 11 | (133.3) | (124.7) |
| Dividends paid to minority interests | (1.8) | (2.6) | |
| Interest element of finance lease payments | (2.3) | (2.5) | |
| Capital element of finance lease payments | (19.5) | (19.1) | |
| Proceeds on disposal of Ashtead loan note | - | 129.8 | |
| New loans/(repayments) | 221.0 | (226.7) | |
| Net cash flows from financing activities | 63.1 | (240.1) | |
| Net (decrease)/increase in cash and bank overdrafts |
30 | (58.2) | 23.6 |
| Cash and bank overdrafts at beginning of year | 19 | 170.7 | 145.3 |
| Exchange gains on cash and bank overdrafts | 6.3 | 1.8 | |
| Cash and bank overdrafts at end of the financial year |
19 | 118.8 | 170.7 |
