Annual Report for the year ended 31 December 2008

Consolidated CasH FloW statement
FOR THE YEAR ENDED 31 DECEMBER 2008
42 The evoluTion Group plc AnnuAl reporT & AccounTs 2008
Restated
2008 2007
Note £’000 £’000
CASH FLOwS FROM OPERATING ACTIVITIES FROM CONTINuING OPERATIONS:
cash generated from operations 33 13,509 45,470
Finance income received 5,576 3,496
Finance expense paid (997) (311)
income tax paid (754) (719)
CASH FLOwS (ABSORBED BY) OPERATING ACTIVITIES FROM DISCONTINuED OPERATIONS: (1,702) (767)
NET CASH (ABSORBED BY) OPERATING ACTIVITIES – TOTAL 15,632 47,169
CASH FLOwS FROM INVESTING ACTIVITIES FROM CONTINuING OPERATIONS:
Acquisition of business 30 (4,431) –
net proceeds from sale of available-for-sale financial assets 23 – 1,385
Fees in relation to acquisition of subsidiaries – (11)
purchase of property, plant and equipment (1,554) (746)
purchase of intangible assets (704) (864)
purchase of available-for-sale financial assets (1,025) –
CASH FLOwS (ABSORBED BY) INVESTING ACTIVITIES FROM DISCONTINuED OPERATIONS: (447) (237)
NET CASH (ABSORBED BY) INVESTING ACTIVITIES – TOTAL (8,161) (473)
CASH FLOwS FROM FINANCING ACTIVITIES FROM CONTINuING OPERATIONS:
proceeds from issuance of ordinary shares 219 151
proceeds from issuance of shares to third parties in the WDB uK equity capital Fund limited – 550
Dividends paid to the company’s shareholders 16 (4,262) (3,496)
purchase of shares held by the Trust (1,607) (9,557)
CASH FLOwS FROM FINANCING ACTIVITIES FROM DISCONTINuED OPERATIONS: – –
NET CASH (ABSORBED BY) FINANCING ACTIVITIES – TOTAL (5,650) (12,352)
net increase in cash and cash equivalents 1,821 34,344
cash and cash equivalents at beginning of year 122,743 88,565
exchange (loss) on cash 767 (166)
less: cash and cash equivalents as held-for-sale 8 (21,692) –
cash and cash equivalents at end of year from continuing operations 25 103,639 122,743
The notes on pages 44 to 76 form an integral part of these Financial statements.