Consolidated Cash Flow Statement
of The BSS Group plc for the year ended 31 March 2010
| Notes | 2010 £m |
2009 £m |
|
|---|---|---|---|
| Cash flows from operating activities | |||
| Cash generated from operations | 24 | 49.5 | 66.0 |
| Interest paid | (5.2) | (7.8) | |
| Tax paid | (13.0) | (14.9) | |
| Net cash generated from operating activities | 31.3 | 43.3 | |
| Cash flows from investing activities | |||
| Acquisition of subsidiaries | 23 | (8.1) | (1.0) |
| Net of cash and overdraft acquired with subsidiaries | 23 | (4.0) | – |
| Share of joint venture | (0.3) | – | |
| Purchase of property, plant and equipment and intangible assets | (10.0) | (15.4) | |
| Sale of property, plant and equipment | 0.1 | – | |
| Net cash used in investing activities | (22.3) | (16.4) | |
| Cash flows from financing activities | |||
| Issue of Ordinary Share capital | 19 | 0.9 | 0.6 |
| Proceeds of borrowings | 40.0 | – | |
| Repayment of short term borrowings | (41.1) | (11.2) | |
| Capital element of finance lease payments | (0.1) | (0.4) | |
| Dividends paid | 7 | (9.2) | (9.2) |
| Net cash used in financing activities | (9.5) | (20.2) | |
| Net (decrease)/increase in cash and cash equivalents | (0.5) | 6.7 | |
| Cash and cash equivalents at 1 April | 10.8 | 4.1 | |
| Cash and cash equivalents at 31 March | 10.3 | 10.8 | |
| Free cash flow is defined as: | |||
| Net cash from operating activities | 31.3 | 43.3 | |
| Purchase of property, plant and equipment and intangible assets | (10.0) | (15.4) | |
| Sale of property, plant and equipment | 0.1 | – | |
| Free cash flow | 21.4 | 27.9 | |
| Net cost of acquisitions | (12.4) | (1.0) | |
| Issue of Ordinary Share capital | 0.9 | 0.6 | |
| Dividends paid | (9.2) | (9.2) | |
| Movement in net debt | 0.7 | 18.3 | |
| Opening net debt | (86.0) | (104.3) | |
| Closing net debt | (85.3) | (86.0) | |
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