Group cash flow statement
for the year ended 31 December 2010
| Year ended 31 December | Year ended 31 December | ||
|---|---|---|---|
| 2010 | 2009 | ||
| £000 | £000 | ||
| Cash flow from operating activities | |||
| Profit before tax | 5,819 | 4,451 | |
| Adjustments to reconcile profit before tax to net cash flows | |||
| Exceptional income | (126) | (804) | |
| Depreciation | 3,755 | 3,699 | |
| Share-based payment charges | 202 | 196 | |
| Finance costs | 3,309 | 3,171 |
|
| Cash flow from operating activities before changes in working capital | 12,959 | 10,713 | |
| Decrease in trade and other receivables | (2,140) | 252 | |
| Decrease/(increase) in inventories | (154) | 76 | |
| Decrease in trade and other payables | 6,891 | (2,537) | |
| Cash generated from operations | 17,556 | 8,504 | |
| Finance costs paid | (2,990) | (2,831) | |
| Corporation tax paid | (1,906) | (1,499) | |
| Net cash flow from operating activities | 12,660 | 4,174 | |
| Cash flow from/(used in) investing activities | |||
| Proceeds from insurance for 007 Stage | – | 439 | |
| Purchase of property, plant and equipment | (6,673) | (5,652) | |
| Additions to investment property | - | (696) | |
| Net cash flow used in investing activities | (347) | (5,909) | |
| Cash flow (used in)/from financing activities | |||
| Payment of asset financing liabilities | (379) | (77) | |
| Payment of loan issue fees | – | (24) | |
| Dividends paid | (1,619) | (1,541) | |
| Proceeds from asset financing | 1,297 | 1,000 | |
| Proceeds from borrowings of joint venture | – | 631 | |
| Repayment of bank borrowings | (3,500) | – | |
| Proceeds from bank borrowings | – | 2,000 | |
| Net cash flow from financing activities | (4,201) | 1,989 | |
| Net increase/(decrease) in cash | 1,439 | 254 | |
| (Overdraft)/cash at the start of the year | (944) | (1,198) | |
| Overdraft at the end of the year | 495 | (944) | |
