Annual report & review 2006 - Shopic.com
Annual report & review 2006 - Shopic.com
Annual report & review 2006 - Shopic.com
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Summary financial statements<br />
CONSOLIDATED CASH FLOW STATEMENT<br />
Note <strong>2006</strong> 2005<br />
Restated<br />
€m €m<br />
Net cash inflow from operating activities 16 135.6 137.6<br />
Returns on investments and servicing of finance<br />
Net interest paid and In<strong>com</strong>e received from financial assets (19.8) (22.3)<br />
Taxation<br />
Corporation tax paid (20.5) (16.0)<br />
Capital expenditure<br />
Purchase of tangible assets (39.7) (40.2)<br />
Sale of tangible assets 96.3 23.4<br />
56.6 (16.8)<br />
Acquisitions and disposals<br />
Purchase of financial assets (4.9) (3.0)<br />
Sale of financial assets 8.9 8.3<br />
Purchase of subsidiary undertakings 16 – (11.0)<br />
4.0 (5.7)<br />
Equity dividends paid (15.5) (14.7)<br />
Net cash inflow before financing 140.4 62.1<br />
Financing<br />
Share capital issued – 0.8<br />
Payments to reacquire <strong>com</strong>pany shares 13 (4.1) (3.3)<br />
Bank loans repaid 16 (389.8) (88.6)<br />
Bank loans received 16 291.4 –<br />
Loan notes repaid 16 (1.9) (0.1)<br />
Other loans repaid 16 (0.6) –<br />
Other loans received 16 0.5 1.1<br />
Capital element of finance lease payments 16 (0.9) (0.9)<br />
Net cash outflow from financing (105.4) (91.0)<br />
Increase/(decrease) in cash 35.0 (28.9)<br />
On behalf of the board<br />
Chris Martin<br />
Group Chief Executive Officer<br />
54<br />
Tim Kenny<br />
Group Finance Director<br />
Musgrave Group Plc <strong>Annual</strong> Report & Review <strong>2006</strong>
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