PDF format - Chemring Group PLC

UNAUDITED CONSOLIDATED CASH FLOW STATEMENTfor the half year to 30 April 2007Note Unaudited Unaudited AuditedHalf year to Half year to Year to30 April 2007 30 April 2006 31 Oct 2006£000 £000 £000Cash flows from operating activitiesCash generated from operations A 13,801 13,397 45,629Tax paid (4,718) (3,626) (10,588)Net cash inflow from operating activities 9,083 9,771 35,041Cash flows from investing activitiesDividends received from associate 84 107 107Purchases of property, plant and equipment (5,097) (4,882) (10,148)Purchases of intangible assets (194) (922) (1,798)Proceeds on disposal of subsidiary undertaking/division 3,227 - 2,570Proceeds on disposal of property, plant and equipment - - 98Acquisition of subsidiaries (net of cash acquired) 7 (37,790) (51,650) (62,808)Net cash outflow from investing activities (39,770) (57,347) (71,979)Cash flows from financing activitiesDividends paid (3,610) - (3,695)Interest paid (2,841) (2,372) (5,261)Proceeds on issue of shares 3 26,402 26,419New borrowings 47,385 29,549 38,112Repayment of borrowings (3,758) (354) (5,983)Net cash inflow from financing activities 37,179 53,225 49,592Increase in cash and cash equivalents during theperiod/year 6,492 5,649 12,654Cash and cash equivalents at start of the period/year 8,995 (2,970) (2,970)Effect of foreign exchange rate changes (1,057) (112) (689)Cash and cash equivalents at end of the period/year 14,430 2,567 8,99511