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

9. Related party transactions
Six months Six months Year
ended ended ended
31 December 31 December 30 June
2010 2009 2010
Compensation for key management personnel £m £m £m
Salaries and other short-term employee benefits 1.4 0.8 1.9
Post employment benefits - 0.1 0.3
Share-based payments 0.2 0.2 0.3
1.6 1.1 2.5
The key management personnel are the Board of Directors and the Managing Directors of the Technical
Consulting businesses in the UK, US and Germany and the Managing Director of Strategic Consulting. The
number of key management personnel at 31 December 2010 has increased from 30 June 2010 and 31
December 2009.
10. Cash generated by operations
Six months Six months Year
ended ended ended
31 December 31 December 30 June
2010 2009 2010
£m £m £m
Continuing operations
Profit from operations 6.4 4.8 12.6
Adjustments for:
Share-based payments 0.1 0.2 0.9
Cash flow and net investment hedges 0.4 0.1 0.1
Depreciation and amortisation 4.1 4.1 8.2
Operating cash flows before working capital movements 11.0 9.2 21.8
Decrease/(increase) in inventory 1.2 (0.3) (2.5)
Increase in trade and other receivables (8.9) (4.3) (9.3)
Increase in payables 8.7 2.3 4.7
Decrease in provisions - (0.3) (0.3)
Pension payments in excess of pension costs (1.0) (1.0) (2.2)
Cash generated by continuing operations 11.0 5.6 12.2
Discontinued operations
Loss from operations (0.2) (0.2) (0.5)
Operating cash flows before working capital movements (0.2) (0.2) (0.5)
Increase in inventory - (0.9) (0.6)
Decrease in trade and other receivables 1.5 0.3 0.2
(Decrease)/increase in payables (1.6) 0.7 0.6
Cash used by discontinued operations (0.3) (0.1) (0.3)
Cash generated by operations 10.7 5.5 11.9
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