CONSOLIDATED CASH FLOW
STATEMENT FOR THE 6 MONTHS
ENDED 30 SEPTEMBER |
2007 |
2006 unaudited |
| £ |
£ |
£ |
£ |
| |
| Profit after tax |
18,349,264 |
|
5,088,336 |
|
| Adjustments for: |
|
|
|
|
| Corporation tax |
8,253,999 |
|
2,182,873 |
|
| Finance income |
(430,843) |
|
(61,129) |
|
| Finance expense |
6,368 |
|
1,055 |
|
Loss on disposal of property,
plant and equipment |
1,028 |
|
11,564 |
|
Depreciation of tangible fixed
property, plant and equipment |
145,360 |
|
71,960 |
|
| Share-based payments expense |
429 |
|
429 |
|
| |
|
26,325,605 |
|
7,295,088 |
| Changes in working capital |
|
|
|
|
| (Increase)/decrease in receivables |
|
(1,291,936) |
|
(4,693,895) |
| Increase/(decrease) in payables |
|
2,875,183 |
|
142,651 |
| Increase/(decrease) in other financial liabilities |
|
18,655 |
|
33,350 |
CASH INFLOW FROM OPERATING
ACTIVITIES |
|
27,927,507 |
|
2,777,194 |
| Interest paid |
|
(6,368) |
|
(1,055) |
| Corporation taxes paid |
|
(2,594,827) |
|
(759,543) |
NET CASH INFLOW FROM
OPERATING ACTIVITIES |
|
25,326,312 |
|
2,016,596 |
CASH INFLOW FROM INVESTING
ACTIVITIES |
|
|
|
|
| Proceeds on disposal of property, plant and equipment |
4 |
|
15,002 |
|
| Purchase of property, plant and equipment |
(123,958) |
|
(47,961) |
|
| Interest received |
430,843 |
|
61,129 |
|
NET CASH INFLOW FROM
INVESTING ACTIVITIES |
|
306,889 |
|
28,170 |
CASH INFLOW FROM FINANCING
ACTIVITIES |
|
|
|
|
| Cash inflow from issue of shareS |
173,291 |
|
995,937 |
|
| Dividends paid to equity shareholders |
(4,150,890) |
|
(1,070,500) |
|
CASH OUTFLOW FROM FINANCING
ACTIVITIES |
|
(3,977,599) |
|
(74,563) |
NET INCREASE IN CASH AND CASH
EQUIVALENTS IN THE PERIOD |
|
21,655,602 |
|
1,970,203 |
| Cash and cash equivalents at the beginning of the period |
|
12,517,694 |
|
1,722,386 |
CASH AND CASH EQUIVALENTS
AT THE END OF THE PERIOD |
|
34,173,296 |
|
3,692,589 |
|
