| |
|
|
 First Half 2005 |
First Half 2004 |
| |
|
Note |
Total
£ million |
Group
£ million |
Joint
ventures
£ million |
Total
£ million |
Group
£ million |
Joint
ventures
£ million |
| |
|
|
|
| NET CASH OUTFLOW FROM OPERATING ACTIVITIES |
|
17 |
(15.2) |
(37.6) |
22.4 |
(91.7) |
(53.4) |
(38.3) |
| INVESTING ACTIVITIES |
|
|
|
|
|
|
|
|
| Dividends received from associate |
|
|
0.5 |
0.5 |
- |
- |
- |
- |
| Proceeds on disposal of investments |
|
|
- |
- |
- |
6.8 |
6.8 |
- |
| Loan repayments and disposal of joint ventures |
|
|
1.2 |
1.2 |
- |
1.7 |
1.7 |
- |
| Purchases of property, plant and equipment |
|
|
(25.8) |
(12.2) |
(13.6) |
(8.5) |
(3.9) |
(4.6) |
| Purchase of investment |
|
|
- |
- |
- |
(19.7) |
(19.7) |
- |
| Investments in joint ventures |
|
|
(11.1) |
(11.1) |
- |
(3.5) |
(3.5) |
- |
| |
|
|
|
| NET CASH USED IN INVESTING ACTIVITIES |
|
|
(35.2) |
(21.6) |
(13.6) |
(23.2) |
(18.6) |
(4.6) |
| |
|
|
|
| FINANCING ACTIVITIES |
|
|
|
|
|
|
|
|
| Dividends paid |
|
|
(5.3) |
(5.3) |
- |
(4.8) |
(4.8) |
- |
| Distributions from joint ventures to Group |
|
|
(5.7) |
- |
(5.7) |
(6.0) |
- |
(6.0) |
| Net interest paid |
|
|
(48.5) |
(9.8) |
(38.7) |
(41.6) |
(12.8) |
(28.8) |
| Net proceeds from borrowings |
|
|
205.1 |
29.7 |
175.4 |
145.1 |
85.2 |
59.9 |
| Proceeds on issue of share capital – Group |
|
|
- |
- |
- |
4.6 |
4.6 |
- |
| Proceeds on issue of share capital – joint ventures |
|
|
2.3 |
- |
2.3 |
0.1 |
- |
0.1 |
| |
|
|
|
| NET CASH FROM FINANCING ACTIVITIES |
|
|
147.9 |
14.6 |
133.3 |
97.4 |
72.2 |
25.2 |
| |
|
|
|
| NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS |
|
|
97.5 |
(44.6) |
142.1 |
(17.5) |
0.2 |
(17.7) |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR |
|
|
238.7 |
116.7 |
122.0 |
210.9 |
128.1 |
82.8 |
| Effect of foreign exchange rate changes |
|
|
(0.1) |
(0.1) |
- |
- |
- |
- |
| |
|
|
|
| CASH AND CASH EQUIVALENTS AT END OF PERIOD |
|
|
336.1 |
72.0 |
264.1 |
193.4 |
128.3 |
65.1 |
| |
|
|
|
