| |
| |
|
Year ended
31 December 2004 |
|
Year ended
31 December 2003 |
|
| |
Note |
|
£000 |
|
£000 |
|
£000 |
|
£000 |
|
 |
Net cashflow from
operating trading activities |
|
|
316 |
|
|
|
(5,272 |
) |
|
|
|
| Outflow relating to exceptional items |
|
|
(2,673 |
) |
|
|
(4,728 |
) |
|
|
|
| Net cashflow from operating activities |
18a) |
|
|
|
(2,357 |
) |
|
|
(10,000 |
) |
|
| Returns on investment and servicing of finance |
18b) |
|
|
|
(558 |
) |
|
|
866 |
|
|
| Taxation |
|
|
|
|
(111 |
) |
|
|
(12 |
) |
|
| Capital expenditure and financial investment |
18c) |
|
|
|
(1,785 |
) |
|
|
(720 |
) |
|
| |
|
|
|
|
(4,811 |
) |
|
|
(9,866 |
) |
|
| Acquisitions and disposals |
18d) |
|
|
|
- |
|
|
|
(5,736 |
) |
|
| Equity dividends paid |
|
|
|
|
(306 |
) |
|
|
(292 |
) |
|
| Net cashflow before management of liquid resources and financing |
|
|
|
|
(5,117 |
) |
|
|
(15,894 |
) |
|
| Management of liquid resources |
18e) |
|
|
|
37 |
|
|
|
223 |
|
|
| Financing |
18f) |
|
|
|
(4 |
) |
|
|
473 |
|
|
| Decrease in cash for the year |
|
|
|
|
(5,084 |
) |
|
|
(15,198 |
) |
|
Reconciliation of net cashflow to movement in net funds
| |
Year ended
31 December
2004
£000 |
|
Year ended
31 December
2003
£000
|
|
|
| Decrease increase in cash |
(5,084 |
) |
(15,198 |
) |
|
| Cashflow from management of liquid resources |
(37 |
) |
(223 |
) |
|
| Cashflow from change in lease financing |
- |
|
23 |
|
|
| Cash outflow from change in other debt |
1,037 |
|
228 |
|
|
| Change in net funds resulting from cashflows |
(4,084 |
) |
(15,170 |
) |
|
| Loans and finance leases acquired with subsidiaries |
- |
|
(23 |
) |
|
| Exchange differences |
7 |
|
- |
|
|
| Loan notes converted |
- |
|
3,000 |
|
|
| Issue of loan notes |
- |
|
(6,500 |
) |
|
| Change in net funds in the year |
(4,077 |
) |
(18,693 |
) |
|
| Net funds brought forward |
32,974 |
|
51,667 |
|
|
| Net funds carried forward |
28,897 |
|
32,974 |
|
|
Analysis of net funds
| |
31
December
2003
£000 |
|
Cashflow
£000 |
|
Non-cash
Movements
£000 |
|
Foreign Exchange
Movements
£000 |
|
31
December
2004
£000 |
|
|
| Short term cash deposits |
745 |
|
(37 |
) |
– |
|
- |
|
708 |
|
|
| Cash at bank and in hand |
36,474 |
|
(5,084 |
) |
– |
|
7 |
|
31,397 |
|
|
|
| Debt due within one year |
(1,745 |
) |
(1,037 |
) |
(625) |
|
- |
|
(1,333 |
) |
|
| Debt due after more than one year |
(2,500 |
) |
- |
|
625 |
|
- |
|
(1,875 |
) |
|
|
| |
32,974 |
|
(4,084 |
) |
- |
|
7 |
|
28,897 |
|
|
|
