Company cash flow statement
For the year ended 28 February 2011

  2011
€m
2010
€m
     
CASH FLOWS FROM OPERATING ACTIVITIES    
(Loss)/profit for the year (5.6) 8.2
Income tax expense 7.6 -
Finance income (18.1) (16.7)
Finance expense 9.3 9.1
Loss on retranslation of foreign currency bank borrowings 2.8 -
  (4.0) 0.6
     
Interest received - 16.7
Interest paid and similar costs (8.1) (8.4)
     
Net cash (outflow)/inflow from operating activities (12.1) 8.9
     
CASH FLOWS FROM INVESTING ACTIVITIES    
Funding of cash requirements of subsidiary undertakings - (171.0)
     
Net cash outflow from investing activities - (171.0)
     
CASH FLOWS FROM FINANCING ACTIVITIES    
Movement in loans with subsidiary undertakings 371.2 (0.2)
Proceeds from exercise of share options 1.2 0.8
Proceeds from issue of new shares under Joint Share Ownership Plan - 6.6
New bank loans drawn down - 171.0
Bank loans repaid (348.2) -
Issue costs paid - (1.4)
Dividends paid (12.1) (14.7)
     
Net cash inflow from financing activities 12.1 162.1
     
Net movement in cash & cash equivalents - -
     
Cash & cash equivalents at beginning and end of year - -


On behalf of the Board

Sir B Stewart J Dunsmore
Chairman Chief Executive Officer

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