Annual Report for the year ended 31 December 2008

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CasH FloW statement FOR THE YEAR ENDED 31 DECEMBER 2008 80 The evoluTion Group plc AnnuAl reporT & AccounTs 2008 2008 2007 Note £’000 £’000 CASH FLOwS FROM OPERATING ACTIVITIES: cash generated from operations 13 229 29,418 Finance income 3,658 3,252 Finance expense (4) – income tax paid – (7) NET CASH GENERATED FROM OPERATING ACTIVITIES 3,883 32,663 CASH FLOwS FROM INVESTING ACTIVITIES: investment in subsidiary (5,002) – net proceeds from sale of available-for-sale financial assets – 1,200 purchase of available-for-sale financial assets (225) (10,000) purchase of subsidiary – (6,214) Fees in relation to acquisition of subsidiary – (10) NET CASH ABSORBED BY INVESTING ACTIVITIES (5,227) (15,024) CASH FLOwS FROM FINANCING ACTIVITIES: proceeds for issuance of ordinary shares 219 151 payment of share options recharged to subsidiary 14 27,060 – Dividends paid to the company’s shareholders 14 (4,262) (3,496) purchase of own shares and shares held for the Trust (1,607) (9,681) NET CASH GENERATED BY/(ABSORBED) FROM FINANCING ACTIVITIES 21,410 (13,026) net increase in cash and cash equivalents 20,066 4,613 cash and cash equivalents at beginning of year 55,476 50,863 cash and cash equivalents at end of year 10 75,542 55,476 The notes on pages 82 to 97 form an integral part of these Financial statements.
statement oF ReCoGnised inCome and eXPense FOR THE YEAR ENDED 31 DECEMBER 2008 2008 2007 £'000 £'000 profit for the financial year 2,167 762 revaluation of available-for-sale financial assets (note 9) 995 492 Fair value changes transferred to income statement on disposal – (199) Deferred income tax (debit) on share options taken to equity (673) (210) NET INCOME RECOGNISED DIRECTLY IN EQuITY 322 83 TOTAL RECOGNISED INCOME FOR THE YEAR 2,489 845 ATTRIBuTABLE TO: Minority interest (652) 233 equity shareholders of the company 3,141 612 2,489 845 The notes on pages 82 to 97 form an integral part of these Financial statements. 81
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Yesterday Today Tomorrow... ANNUAL
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FINANCIAL ANd OPERATIONAL HIGHLIGHT
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Balance Sheet strength and cash bal
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evolution securities Evolution secu
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Corporate Finance Evolution securit
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Wdb capital The Group’s investmen
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EARNINGS PER SHARE ON TOTAL OPERATI
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evolution securities’ income anal
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other activities The Group’s othe
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Lord macLaurin of Knebworth, dL (72
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principal risks and uncertainties T
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share capital Details of the change
Page 25 and 26:
The Directors consider that in prep
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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 and 44: ASSETS 2008 2007 Note £’000 £
Page 45 and 46: 2008 2007 £’000 £’000 (loss)/
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: ASSETS ComPanY BalanCe sHeet AS AT
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 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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