Annual Report for the year ended 31 December 2008

CasH FloW statement
FOR THE YEAR ENDED 31 DECEMBER 2008
80 The evoluTion Group plc AnnuAl reporT & AccounTs 2008
2008 2007
Note £’000 £’000
CASH FLOwS FROM OPERATING ACTIVITIES:
cash generated from operations 13 229 29,418
Finance income 3,658 3,252
Finance expense (4) –
income tax paid – (7)
NET CASH GENERATED FROM OPERATING ACTIVITIES 3,883 32,663
CASH FLOwS FROM INVESTING ACTIVITIES:
investment in subsidiary (5,002) –
net proceeds from sale of available-for-sale financial assets – 1,200
purchase of available-for-sale financial assets (225) (10,000)
purchase of subsidiary – (6,214)
Fees in relation to acquisition of subsidiary – (10)
NET CASH ABSORBED BY INVESTING ACTIVITIES (5,227) (15,024)
CASH FLOwS FROM FINANCING ACTIVITIES:
proceeds for issuance of ordinary shares 219 151
payment of share options recharged to subsidiary 14 27,060 –
Dividends paid to the company’s shareholders 14 (4,262) (3,496)
purchase of own shares and shares held for the Trust (1,607) (9,681)
NET CASH GENERATED BY/(ABSORBED) FROM FINANCING ACTIVITIES 21,410 (13,026)
net increase in cash and cash equivalents 20,066 4,613
cash and cash equivalents at beginning of year 55,476 50,863
cash and cash equivalents at end of year 10 75,542 55,476
The notes on pages 82 to 97 form an integral part of these Financial statements.