Annual Report for the year ended 31 December 2008

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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.
2008 2007 £’000 £’000 (loss)/profit for the financial year (13,496) 3,202 revaluation of available-for-sale financial assets (note 31) (651) 139 Fair value changes transferred to income statement on disposal 447 (36) Deferred income tax (debit) on share options taken to equity (note 31) (996) (991) NET EXPENSE RECOGNISED DIRECTLY IN EQuITY (1,200) (888) TOTAL RECOGNISED (EXPENSE)/INCOME FOR THE YEAR (14,696) (2,314) ATTRIBuTABLE TO: Minority interest (652) 233 equity holders of The evolution Group plc (14,044) 2,081 (14,696) 2,314 The notes on pages 44 to 76 form an integral part of these Financial statements. Consolidated statement oF ReCoGnised inCome and eXPense FOR THE YEAR ENDED 31 DECEMBER 2008 43
Page 1 and 2: Yesterday Today Tomorrow... ANNUAL
Page 3 and 4: FINANCIAL ANd OPERATIONAL HIGHLIGHT
Page 5 and 6: Balance Sheet strength and cash bal
Page 7 and 8: evolution securities Evolution secu
Page 9 and 10: Corporate Finance Evolution securit
Page 11 and 12: Wdb capital The Group’s investmen
Page 13 and 14: EARNINGS PER SHARE ON TOTAL OPERATI
Page 15 and 16: evolution securities’ income anal
Page 17 and 18: other activities The Group’s othe
Page 19 and 20: Lord macLaurin of Knebworth, dL (72
Page 21 and 22: principal risks and uncertainties T
Page 23 and 24: share capital Details of the change
Page 25 and 26: The Directors consider that in prep
Page 27 and 28: The Chief Executive, Alex snow, is
Page 29 and 30: The Committee observed that during
Page 31 and 32: appropriate and comprehensive proce
Page 33 and 34: The Board has delegated to the Remu
Page 35 and 36: The concept of a bonus ceiling does
Page 37 and 38: non-executive directors Non-executi
Page 39 and 40: On 8 April 2009, Alex snow was awar
Page 41 and 42: We have audited the Consolidated Fi
Page 43: ASSETS 2008 2007 Note £’000 £
Page 47 and 48: shareholding of more than one half
Page 49 and 50: ) Distribution channels and custome
Page 51 and 52: (b) Share-based plans The Group’s
Page 53 and 54: Risk Reporting The Group Board rece
Page 55 and 56: Neither past Past due but not impai
Page 57 and 58: By business segment (continued) The
Page 59 and 60: 6. otHeR inCome Restated 2008 2007
Page 61 and 62: 11. aUditoRs’ RemUneRation During
Page 63 and 64: 14. inCome taX eXPense (CONTINuED)
Page 65 and 66: 18. intanGiBle assets notes to tHe
Page 67 and 68: 20. deFeRRed inCome taX (CONTINuED)
Page 69 and 70: 24. tRadinG PoRtFolio assets notes
Page 71 and 72: 31. Consolidated moVement in sHaReH
Page 73 and 74: 33. CasH FloW FRom oPeRatinG aCtiVi
Page 75 and 76: 38. emPloYee sHaRe sCHemes Movement
Page 77 and 78: 38. emPloYee sHaRe sCHemes (CONTINu
Page 79 and 80: THE EVOLuTION GROuP PLC PARENT COMP
Page 81 and 82: ASSETS ComPanY BalanCe sHeet AS AT
Page 83 and 84: statement oF ReCoGnised inCome and
Page 85 and 86: 1. aCCoUntinG PoliCies (CONTINuED)
Page 87 and 88: 2. FinanCial instRUments and RisK m
Page 89 and 90: 2. FinanCial instRUments and RisK m
Page 91 and 92: 5. inVestment in sUBsidiaRies notes
Page 93 and 94: 10. CasH and CasH eQUiValents 2008
Page 95 and 96:
17. Post BalanCe sHeet eVents There
Page 97 and 98:
19. emPloYee sHaRe sCHemes (CONTINu
Page 99 and 100:
19. emPloYee sHaRe sCHemes (CONTINu
Page 101 and 102:
FoR YoUR notes 99
Page 103 and 104:
DesiGneD AnD proDuceD BY BesT&co. l
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Annual Report for the year ended 31 December 2008

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