Group Cash Flow Statement for the year ended 31 March 2010

  Note 2010
£m		 2009
£m
Cash flows from operating activities      
Profit before tax   76.0 96.5
Depreciation and other amortisation   26.9 27.3
Equity-settled transactions   2.4 1.2
Finance income and expense   4.8 7.0
Non-cash movement on investment in associate   (0.1) (0.1)
Non-recurring non-cash pensions changes 4 (4.8) (16.7)
Operating cash flow before changes in working capital, interest and taxes   105.2 115.2
(Increase) decrease in inventories   (3.7) 3.4
(Increase) decrease in trade and other receivables   (17.5) 28.0
Increase (decrease) in trade and other payables   30.5 (25.2)
Cash generated from operations   114.5 121.4
Interest received   1.5 4.8
Interest paid   (6.0) (13.5)
Income tax paid   (21.7) (22.9)
Net cash from operating activities   88.3 89.8
Cash flows from investing activities      
Capital expenditure and financial investment   (16.4) (12.1)
Proceeds from sale of property, plant and equipment   – 0.3
Net cash used in investing activities   (16.4) (11.8)
Free cash flow   71.9 78.0
Cash flows from financing activities      
Proceeds from the issue of share capital   – –
New loans   24.7 143.1
Loans repaid   (45.3) (171.0)
Equity dividends paid 9 (47.9) (76.6)
Net cash used in financing activities   (68.5) (104.5)
Net increase (decrease) in cash and cash equivalents   3.4 (26.5)
Cash and cash equivalents at the beginning of the year   0.8 27.2
Effect of exchange rate fluctuation on cash   0.1 0.1
Cash and cash equivalents at the end of the year 25 4.3 0.8