Consolidated Cash Flow Statement For the year ended 30 April 2013


Notes2013
£000
2012
£000
Cash flows from operating activities


Profit before taxation from continuing operations
14,66714,887
Profit before taxation from discontinued operations
13,2122,941
Finance income
(92)(93)
Finance costs
2,0642,958
Other finance income
(46)(302)
Operating profit
29,80520,391
Depreciation
6,4886,486
Amortisation
2,2162,521
Profit on disposal of businesses
(10,915)
(Profit)/loss on disposal of property, plant and equipment
(14)176
Impairment credit
(750)
Share-based payments
1,3991,169
Change in fair value of contingent consideration
(186)
Increase in inventories
(202)(1,839)
Increase in trade and other receivables
(3,257)(276)
Increase in trade and other payables
1,626538
Decrease in provisions
(1,054)(3,813)
Decrease/(increase) in derivative financial instruments
150(26)
Cash generated from operations
26,05624,577
Interest paid
(2,465)(2,464)
Tax paid
(3,576)(3,687)
Net cash generated from operating activities
20,01518,426
Purchases of property, plant and equipment
(9,969)(11,468)
Purchases of intangible assets
(1,024)(578)
Proceeds from sale of property, plant and equipment
32226
Net proceeds on disposal of businesses2874,697
Interest received
7090
Purchase of equity investment16(1,102)(1,447)
Net cash generated from/(used in) investing activities
62,994(13,377)
Cash flows from financing activities


Proceeds from issues of ordinary share capital
759288
Purchase of own shares
(1,000)(1,000)
Equity dividends paid to shareholders12(5,500)(5,472)
Proceeds from new bank funding
3,00014,144
Repayment of amounts borrowed
(57,069)(4,020)
Upfront loan facility fees
(842)
Finance lease payments
(1)(8)
Payments to fund defined benefit pension scheme deficit21(1,904)
Net cash (used in)/generated from financing activities
(60,653)2,028
Net increase in cash and cash equivalents
22,3567,077
Effects of exchange rate changes
(75)397
Cash and cash equivalents at start of year
14,6857,211
Cash and cash equivalents at end of year1936,96614,685