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For the year ended 31 March 2009
| Notes | 2009 £000 |
2008 £000 |
|
|---|---|---|---|
| Cash flows from operating activities | |||
| Profit for the year | 42,154 | 34,246 | |
| Income tax | 11(a) | 17,047 | 10,721 |
| Net finance revenue | 8, 9 | (2,552) | (1,806) |
| Depreciation of property, plant and equipment | 16 | 1,550 | 1,243 |
| Amortisation of intangible assets | 15 | 2,538 | 2,336 |
| Loss on disposal of property, plant and equipment | 11 | 14 | |
| Share-based payments | 26 | 940 | 315 |
| Difference between pension contributions paid and amounts recognised in the Income statement | (603) | 135 | |
| Adjustment to carrying value of goodwill | — | 391 | |
| Changes in working capital: | |||
| Trade and other receivables | (15,550) | (6,475) | |
| Trade and other payables | 9,409 | 12,632 | |
| Fair value of forward contracts | 3,737 | 874 | |
| Cash generated from operating activities before tax | 58,681 | 54,626 | |
| Income taxes paid | (15,109) | (11,325) | |
| Net cash generated from operating activities | 43,572 | 43,301 | |
| Cash flows from investing activities | |||
| Purchase of property, plant and equipment | 16 | (3,668) | (1,781) |
| Interest received | 8 | 2,815 | 1,772 |
| Proceeds from disposal of property, plant and equipment | 30 | 34 | |
| Purchase of intangible assets | 15 | (58) | (136) |
| Acquisition of subsidiary, net of cash acquired | 30 | (1,664) | — |
| Net cash used in investing activities | (2,545) | (111) | |
| Cash flows from financing activities | |||
| Interest paid | 9 | (7) | (13) |
| Purchase of own shares | 28 | (495) | — |
| Proceeds from the issue of shares | 27 | 664 | 146 |
| Payment of finance lease liabilities | (145) | (133) | |
| Dividends paid to equity holders of the parent | 12 | (5,318) | (3,093) |
| Net cash flows from financing activities | (5,301) | (3,093) | |
| Net increase in cash and cash equivalents | 35,726 | 40,097 | |
| Net foreign exchange difference | 7,589 | 1,465 | |
| Opening cash and cash equivalents | 19 | 82,849 | 41,287 |
| Closing cash and cash equivalents | 19 | 126,164 | 82,849 |
The accompanying notes are an integral part of this Consolidated cash flow statement.
