Schroders plc cash flow statement
for the year ended 31 December 2007
| 2007 £mn |
2006 £mn |
||
|---|---|---|---|
| Operating profit/(loss) | 273.6 | (15.8) | |
| Adjustments for: | |||
| Decrease in trade and other receivables | 62.7 | 1.1 | |
| (Decrease)/increase in trade and other payables | (234.4) | 175.3 | |
| Decrease in financial liabilities | (0.4) | (3.9) | |
| Increase in financial assets | (0.1) | – | |
| Defined benefit scheme credit | (19.1) | (2.4) | |
| Share-based payments expensed | 2.0 | 2.8 | |
| Amounts received in respect of group tax relief | 10.2 | 9.2 | |
| Interest paid | (14.5) | (8.5) | |
| Interest received | 1.7 | 1.6 | |
| Net cash from operating activities | 81.7 | 159.4 | |
| Financing activities | |||
| Proceeds from issue of share capital | 28.7 | 27.8 | |
| Acquisition of own shares | (16.7) | (72.8) | |
| Disposal of own shares | 19.2 | 37.3 | |
| Disposal of ordinary share capital | (34.1) | (84.3) | |
| Dividends paid | (74.9) | (63.4) | |
| Net cash from financing | (77.8) | (155.4) | |
| Net increase in cash and cash equivalents | 3.9 | 4.0 | |
| Opening cash and cash equivalents | 4.8 | 0.8 | |
| Net increase in cash and cash equivalents | 3.9 | 4.0 | |
| Closing cash and cash equivalents | 50 | 8.7 | 4.8 |