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32Ambrian Capital plcAnnual Report & Accounts 2009Notes forming part of the consolidated financial statements (continued)for the year ended 31 December 200920 Restated Statement of cash flowsFollowing discussions with the Financial Reporting Review Panel, the Company has restated its Consolidated Statement of cash flows for theyear ended 31 December 2008 amending principally the expanded analysis of amounts associated with the acquisition of Nabarro Wells & Co.Limited. The restated Statement of cash flows is set out below, with the Statement of cash flows as originally published as a comparative inorder to highlight the changes made. Line items are in italics.The 2008 restated figures below do not include the prior year charge referred to in note 2.3 of £1,127,194 in respect of a share-based paymentcharge, which would increase the loss for the year of £11,734,301 to £12,861,495 and the share-based payment charge from £198,939 to£1,323,263 as disclosed in the consolidated statement of cash flows. The foregoing has no impact on the net cash from operating activities.2008Restated£2008OriginallyPublished£Cash flows from operating activities(Loss)/profit for the year (11,734,301) (11,734,301)Adjustments for:Depreciation 174,691 174,691Impairment of property, plant and machinery 118,571 118,571Impairment of intangible assets 140,000 140,000Foreign exchange gains (2,979) (2,979)Taxation (credit)/expense recognised in income statement (4,765,777) (4,765,777)Unrealised losses on financial assets designated at fair value 9,606,263 9,532,263Realised losses/(gains) on financial assets designated at fair value 1,148,420 1,148,420Net proceeds on disposals of financial assets designated at fair value 10,571,205 10,571,205Increase in inventories (9,008,759) (9,008,759)Increase in trade and other receivables (23,834,652) (24,588,644)Unrealised losses on financial liabilities at fair value 19,981,091 19,981,091Increase/(decrease) in trade and other payables 32,200,320 33,321,622Share-based payment 198,939 198,939Cash generated from operations 24,793,032 25,086,342Taxation (693,635) (645,929)Net cash from operating activities 24,099,397 24,440,413Cash flows from investing activitiesPurchase of property, plant and equipment (424,172) (577,559)Disposal of property, plant and equipment 58,832 58,832Acquisition/disposal of subsidiary (net of cash acquired) (545,652) (733,281)Net cash used in investing activities (910,992) (1,252,008)Cash flows from financing activitiesProceeds of issue of share capital (net of issues costs) – –Employee share benefit trust (841) (841)Treasury shares acquired (929,614) (929,614)Dividends paid (1,719,553) (1,719,553)Net cash used in financing activities (2,650,008) (2,650,008)Net increase/(decrease) in cash and cash equivalents 20,538,397 20,538,397Cash and cash equivalents at the beginning of the year 27,080,761 27,080,761Foreign exchange (losses)/gains (496,066) (496,066)Cash and cash equivalents at the end of the year 47,123,092 47,123,092