Ricardo plc interim results for the six months ended 31 December ...

Condensed consolidated cash flow statement
for the six months ended 31 December 2010
Six months Six months Year
ended ended ended
31 December 31 December 30 June
2010 2009 2010
(Unaudited) (Unaudited) (Audited)
£m £m £m
Cash flows from operating activities
Cash generated by operations (note 10) 10.7 5.5 11.9
Interest received 0.1 0.6 1.3
Interest paid (0.5) (0.8) (1.6)
Defined benefit pension scheme financing costs (1.0) (0.9) (1.7)
Tax paid (1.4) (0.8) (1.8)
Net cash generated by operating activities 7.9 3.6 8.1
Cash flows from investing activities
Proceeds of sale of property, plant and equipment -
continuing operations - - 0.1
Proceeds of disposal of discontinued operations 1.4 - -
Purchase of intangible assets (1.4) (0.8) (2.0)
Purchase of property, plant and equipment - continuing
operations (3.2) (1.8) (5.5)
Purchase of property, plant and equipment -
discontinued operations - - (0.1)
Net cash used by investing activities (3.2) (2.6) (7.5)
Cash flows from financing activities
Net proceeds from issue of ordinary share capital - 0.1 0.1
Net proceeds from issue of new bank loan 14.2 2.3 8.6
Repayment of borrowings (9.0) (2.6) (9.3)
Dividends paid to shareholders (3.9) (3.8) (5.5)
Net cash generated/(used) by financing activities 1.3 (4.0) (6.1)
Effect of exchange rate changes (0.4) 0.1 0.3
Net increase/ (decrease) in cash and cash
equivalents 5.6 (2.9) (5.2)
Cash and cash equivalents at beginning of period 4.7 9.9 9.9
Net cash and cash equivalents at the end of period 10.3 7.0 4.7
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