Consolidated cash flow statement for the year ended 31 March 2010

	Notes	2010 £000	2009 £000
Cash flows from operating activities
Profit for the year		33,440	42,154
Income tax	12(a)	16,134	17,047
Net finance revenue	9, 10	(365)	(2,552)
Amortisation of intangible assets	16	1,749	2,538
Depreciation of property, plant and equipment	17	1,948	1,550
Loss on disposal of property, plant and equipment	7	38	11
Share-based payments	27	1,184	940
Difference between pension contributions paid and amounts recognised in the Consolidated income statement		(1,389)	(603)
Changes in working capital:
Trade and other receivables		9,684	(15,550)
Trade and other payables		(11,123)	9,409
Changes to fair value of forward foreign exchange contracts		(3,610)	3,737
Cash generated from operating activities before tax		47,690	58,681
Income taxes paid		(22,114)	(15,109)
Net cash generated from operating activities		25,576	43,572
Cash flows from investing activities
Purchase of property, plant and equipment	17	(1,479)	(3,668)
Purchase of intangible assets	16	(1,305)	(58)
Acquisition of subsidiary, net of cash acquired	30	—	(1,664)
Proceeds from disposal of property, plant and equipment		98	30
Interest received	9	1,114	2,815
Purchase of treasury deposits	20	(106,555)	—
Net cash used in investing activities		(108,127)	(2,545)
Cash flows from financing activities
Interest paid	10	(17)	(7)
Payment of finance lease liabilities		—	(145)
Purchase of own shares	28(b)	(653)	(495)
Proceeds from the issue of shares	28(a)	116	664
Dividends paid to equity holders of the parent	13	(6,436)	(5,318)
Net cash flows used in financing activities		(6,990)	(5,301)
Net (decrease)/increase in cash and cash equivalents		(89,541)	35,726
Net foreign exchange difference		6,546	7,589
Opening cash and cash equivalents	20	126,164	82,849
Closing cash and cash equivalents	20	43,169	126,164

The accompanying notes are an integral part of this Consolidated cash flow statement.