Consolidated Cash Flow Statement-IFRS by pge12085

VIEWS: 128 PAGES: 1

									Consolidated Cash Flow Statement – IFRS

                                                                                                                                                  52 weeks          52 weeks
                                                                                                                                                     ended             ended
                                                                                                                                              28 September      30 September
                                                                                                                                                      2008              2007
                                                                                                                                         Note          £’m               £’m

Cash flows from operations
Cash generated from operations                                                                                                             26          71.4               70.3
Interest received                                                                                                                                       0.3                0.4
Interest and bank loan arrangement fees paid                                                                                                          (11.5)              (9.5)
Tax paid                                                                                                                                              (10.6)              (4.3)
Net cash generated from operations                                                                                                                     49.6               56.9
Cash flows from investing activities
Purchase of subsidiary undertakings net of cash acquired                                                                                   29         (55.2)              (56.6)
Sales of subsidiary undertakings                                                                                                            4         130.3                72.6
Purchase of property, plant and equipment                                                                                                             (62.0)              (69.9)
Receipts from the sale of property, plant and equipment                                                                                     4          51.6                15.4
Net cash generated from/(used in) investing activities                                                                                                 64.7               (38.5)
Cash flows from financing activities
Repayment of borrowings                                                                                                                              (250.6)         (258.0)
New borrowings                                                                                                                                        140.7           239.8
Capital element of finance leases                                                                                                          28          (0.6)           (0.4)
Dividends paid                                                                                                                              8         (16.5)           (6.8)
Net cash used in financing activities                                                                                                                (127.0)              (25.4)
Net decrease in cash and cash equivalents                                                                                                             (12.7)              (7.0)
Opening cash and cash equivalents                                                                                                                      14.9               21.9
Closing cash and cash equivalents                                                                                                          14            2.2              14.9


Note
Included within the purchase of property, plant and equipment are the purchase of freehold properties totalling £nil (2007 – £31.8m) and development expenditure on new
properties totalling £25.0m (2007 – £14.8m).




Consolidated Statement of Changes in Shareholders’ Equity – IFRS

                                                                                                                                Share premium    Accumulated               Total
                                                                                                                Share capital          account        deficit             equity
                                                                                                                        £’m               £’m           £’m                 £’m

Balance at 2 October 2006                                                                                                1.9           161.5          (15.4)          148.0
Share-based payments (including deferred tax of £0.2m)                                                                     –                –            1.7                1.7
Ordinary dividends paid                                                                                                    –                –           (6.8)              (6.8)
Profit attributable to ordinary shareholders                                                                               –                –            1.9                1.9
Balance at 30 September 2007                                                                                             1.9           161.5          (18.6)          144.8
Share-based payments (note 35)                                                                                             –                –          (0.2)               (0.2)
Ordinary dividends paid                                                                                                    –                –         (16.5)              (16.5)
Loss attributable to ordinary shareholders                                                                                 –                –         (18.0)              (18.0)
Balance at 28 September 2008                                                                                            1.9            161.5          (53.3)          110.1




46   Southern Cross Healthcare Group PLC          Annual Report and Accounts 2008

								
To top