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Financial Statements 67<br />
Consolidated and Parent Company Cash Flow Statements<br />
For the year ended 31 March 2008<br />
Group<br />
Company<br />
2008 2007 2008 2007<br />
Notes £m £m £m £m<br />
Cash flows from operating activities<br />
Cash generated from operations 34 80.9 93.9 55.7 17.7<br />
Interest received 9.7 8.9 0.2 –<br />
Interest paid (3.3) (2.1) – –<br />
Income tax (paid)/received (14.7) 4.9 – –<br />
Discontinued operations 10 0.3 10.8 – –<br />
Net cash generated from operating activities 72.9 116.4 55.9 17.7<br />
Cash flows from investing activities<br />
Distributions received from Joint Ventures 2.5 1.7 – –<br />
Investments in Joint Ventures (0.9) – – –<br />
Investments in subsidiary companies – – (54.5) –<br />
Acquisition of subsidiaries<br />
– Consideration 15 (6.4) (29.6) – –<br />
– Cash acquired 15 0.7 3.4 – –<br />
Dividend income received – – 10.9 –<br />
Purchases of property, plant and equipment (18.9) (16.2) – –<br />
Proceeds from disposals of property, plant and equipment 1.0 0.6 – –<br />
Proceeds from disposals of investments in subsidiaries – – 50.6 –<br />
Financial assets 19.9 (8.8) – –<br />
Purchases of intangible assets (7.8) (8.6) – –<br />
Discontinued operations 10 (17.3) (20.5) – –<br />
Net cash (used in)/generated from investing activities (27.2) (78.0) 7.0 –<br />
Cash flows from financing activities<br />
Repayment of short-term loans (0.2) (2.7) – –<br />
Repayment of long-term loans (17.6) (1.6) – –<br />
Finance lease principal payments (4.4) (2.8) – –<br />
Sales of own shares by Employee Benefit Trusts – 0.1 – –<br />
Share buyback (34.0) – (34.0) –<br />
Equity dividends paid to shareholders 11 (21.8) (17.7) (21.8) (17.7)<br />
Discontinued operations 10 (0.3) (1.2) – –<br />
Net cash used in financing activities (78.3) (25.9) (55.8) (17.7)<br />
Net (decrease)/increase in cash, cash equivalents and bank overdrafts (32.6) 12.5 7.1 –<br />
Cash, cash equivalents and bank overdrafts at beginning of year 187.7 177.4 – –<br />
Exchange movements (0.6) (2.2) – –<br />
Cash, cash equivalents and bank overdrafts at end of year 24 154.5 187.7 7.1 –<br />
The notes on pages 68 to 113 are an integral part of these Financial Statements.<br />
Introduction Reviews Governance Financial Statements Investor Information<br />
WS <strong>Atkins</strong> plc Annual Report 2008
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