S&P Annual Report for www

CONSOLIDATED GROUP STATEMENT OF CASH FLOWS
GROUP STATEMENT OF CHANGES IN EQUITY
42
43
Notes 12 months to 12 months to
31 December ‘14 31 December ‘13
£’000 £’000
Cash flows from operating activities
Cash generated from operations 1,687 2,499
Interest paid 8 (18) (55)
Taxation (898) (375)
Net cash inflow from operating activities 771 2,069
Cash flows from investing activities
Interest received 8 36 215
Purchase of intangible assets 13 (30) (1)
Purchase of property, plant & equipment 14 (245) (592)
Net cash (outflow) from investing activities (239) (378)
Cash flows from financing activities
Proceeds from issue of shares - 39
Repayment of bank loan / loan notes (205) (480)
Bank facility received / (repaid) 500 (500)
Dividends paid 11 (800) (681)
Net cash (outflow) from financing activities (505) (1,622)
Increase in cash and cash equivalents 27 69
Cash and cash equivalents at beginning of period 2,088 2,019
Cash and cash equivalents at end of period 17 2,115 2,088
Share Share Special Retained Non- Total
capital premium reserve earnings controlling equity
interest
£’000 £’000 £’000 £’000 £’000 £’000
At 31 December 2012 194 4,830 233 3,478 177 8,912
Comprehensive income:
Foreign currency translation - - - (51) - (51)
Profit for the period - - - 1,971 (180) 1,791
Total comprehensive income - - - 1,920 (180) 1,740
Transactions with owners:
Shares issued 1 38 - - - 39
Dividends paid - - - (681) - (681)
Total transactions with owners 1 38 - (681) - (642)
At 31 December 2013 195 4,868 233 4,717 (3) 10,010
Comprehensive income:
Foreign currency translation - - - (28) - (28)
Profit for the period - - - 456 140 596
Total comprehensive income - - - 428 140 568
Dividends paid - - - (800) - (800)
Total transactions with owners - - - (800) - (800)
At 31 December 2014 195 4,868 233 4,345 137 9,778
Reconciliation of operating profit to net cash flow from operating activities
Operating profit 744 2,279
Amortisation of intangible assets 13 19 14
Depreciation of property, plant & 14 461 364
equipment
Effect of foreign exchange rate moves (28) (51)
Decrease / (increase) in receivables 916 (1,298)
(Decrease) / increase in payables (425) 1,191
Cash flow from operating activities 1,687 2,499
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ANNUAL REPORT AND ACCOUNTS 2014