Cash flows from operating activities
Profit for the period19,45959,047
Adjustments for:
Amortisation and impairment1119,12618,340
Loss on disposal of intangible assets645
Profit expenses on disposal of discontinued operations, net of tax30(38,611)
Finance income3(2,242)(302)
Finance expense42,4163,856
Equity settled share-based payment expense251,7671,616
Income tax expense6,3472,322
Operating cash flow before changes in working capital49,33048,465
Increase in inventories(4,527)(2,811)
Increase in trade and other receivables(2,553)(21,100)
Increase/(decrease) in trade and other payables4,738(1,159)
Cash generated from operating activities before interest and taxation46,98823,395
Interest paid(1,338)(2,444)
Income taxes paid(4,667)(9,479)
Net cash inflow from operating activities40,98311,472
Cash flows from investing activities
Interest received16260
Acquisition of subsidiaries29(908)(5,938)
Proceeds from disposal of discontinued operations3091,202
Expenses related to the disposal of discontinued operations30(1,576)
Purchase of property, plant and equipment12(2,081)(4,927)
Capitalised development expenditure11(1,035)(1,065)
Purchase of other intangible non-current assets11(643)(1,381)
Net cash (outflow)/inflow from investing activities(4,651)76,575
Cash flows from financing activities
Proceeds from the issue of share capital23375949
Own shares purchased24(606)
Repayment of borrowings(102)(81,470)
Expenses of refinancing borrowing facilities(1,235)
Resetting of foreign currency borrowings201,558
Dividends paid9(13,857)(12,579)
Net cash outflow from financing activities(14,819)(92,148)
Net increase/(decrease) in cash and cash equivalents21,513(4,101)
Cash and cash equivalents at start of period26,77332,791
Exchange differences on cash and cash equivalents(2,338)(1,917)
Cash and cash equivalents at end of period1745,94826,773
Reconciliation of net cash flow to movement in net cash/(borrowings)
Net increase/(decrease) in cash and cash equivalents21,513(4,101)
Repayment of borrowings10281,470
Expenses of refinancing borrowing facilities1,235
Exchange differences on cash and cash equivalents(2,338)(1,917)
Retranslation of foreign borrowings(1,442)1,935
Other non-cash changes(659)(1,578)
Movement in net cash/(borrowings) in the period18,41175,809
Net borrowings at start of period(4,990)(80,799)
Net cash/(borrowings) at end of period2613,421(4,990)