Cash flows from operating activities
Profit for the year12,69810,2254,81411,068
Adjustments for:
Depreciation, amortisation and impairment/(reversal)3,1232,33176(6,676)
Unrealised foreign currency loss/(gain)165(119)(256)
Financial income(60)(60)(28)(32)
Financial expense581851350406
(Gain)/loss on sale of property, plant and equipment
and investments(184)15
Dividends received(10,814)(8,532)
Equity settled share based payment charge1,5121,6871,1451,224
Taxation charge/(credit)4,6422,852402(277)
Operating cash inflow/(outflow) before changes in working capital and provisions22,47717,782(4,055)(3,075)
Change in trade and other receivables(3,075)(1,360)4,653(3,914)
Change in inventories(273)(421)
Change in trade and other payables3,764(58)(1,361)(3,743)
Change in provisions(6)(70)
Cash generated from/(used in) operations22,88715,873(763)(10,732)
Tax paid(5,136)(3,080)
Net cash from/(used in) operating activities17,75112,793(763)(10,732)
Cash flows from investing activities
Proceeds from sale of property, plant and equipment19816
Interest received60912632
Acquisition of subsidiary, net of cash acquired32(1,471)(7,684)
Acquisition of property, plant and equipment and intangibles10, 11, 12(2,948)(2,339)(288)(2)
Dividends received10,8148,532
Net cash (used in)/from investing activities(4,161)(9,916)10,5528,562
Cash flows from financing activities
Proceeds from the issue of share capital, net of acquisition24341181341181
Proceeds from new loan2,23611,4512,1009,252
Repayment of borrowings(7,030)(8,969)(5,120)(1,825)
Payment of finance lease liabilities(6)(31)
Dividends paid24(3,310)(2,440)(3,310)(2,440)
Interest paid(581)(895)(346)(419)
Net cash (used in)/from financing activities(8,350)(703)(6,335)4,749
Net change in cash and cash equivalents5,2402,1743,4542,579
Cash and cash equivalents at 1 April1917,58115,014(867)(3,446)
Effect of exchange rate fluctuations on cash held1,824393
Cash and cash equivalents at 31 March1924,64517,5812,587(867)