Annual Report 30 June 2007 - One Horizon Group
Annual Report 30 June 2007 - One Horizon Group
Annual Report 30 June 2007 - One Horizon Group
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GROUP CASH FLOW STATEMENT<br />
Year ended <strong>30</strong> <strong>June</strong> <strong>2007</strong><br />
<strong>30</strong> <strong>June</strong> <strong>2007</strong> <strong>30</strong> <strong>June</strong> 2006<br />
Note $000’s $000’s $000’s<br />
Net cash inflow/(outflow) from operating activities 28 1,660 (1,048)<br />
Returns on investments and servicing of finance<br />
Interest received 346 <strong>30</strong>3<br />
Interest paid (1,096) (740)<br />
Interest element of hire purchase (10) (8)<br />
Net cash outflow from returns on investments<br />
and servicing of finance (760) (445)<br />
Taxation (931) (751)<br />
Capital expenditure<br />
Payments to acquire intangible fixed assets (58) (657)<br />
Payments to acquire tangible fixed assets (1,144) (154)<br />
Net cash outflow from capital expenditure (1,202) (811)<br />
Acquisitions and disposals<br />
Cash paid to acquire subsidiary undertakings (2,223) (4,947)<br />
Net cash acquired with subsidiary undertakings (244) 867<br />
Sale of subsidiary undertakings – 120<br />
Net cash disposed of with subsidiary undertakings – (55)<br />
Net cash outflow from acquisitions and disposals (2,467) (4,015)<br />
Equity dividends paid (235) (78)<br />
Cash outflow before financing (3,935) (7,148)<br />
Financing<br />
Decrease in short term borrowing (356) (2,243)<br />
Issue of ordinary share capital (net of costs) 2,529 1,038<br />
Issue of Convertible Unsecured Loan Stock (net of costs) 874 5,141<br />
Capital element of hire purchase (54) (48)<br />
Net cash inflow from financing 2,993 3,888<br />
Decrease in cash <strong>30</strong> (942) (3,260)<br />
The notes on pages 16 to 32 form part of these financial statements.<br />
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