Company Cash Flow Statement

for the year ended 30 September 2012

2012 2011
Notes €’000 €’000
Cash flows from operating activities
Profit before tax 40,690 46,611
Finance income (107) (1,341)
Finance expense 4,967 6,262
Operating profit 45,550 51,532
Depreciation charge 32 1,043 725
Share-based payment expense 41 261 417
(Increase)/decrease in inventories (9,312) 7,194
(Increase) in trade and other receivables (59,457) (63,907)
Increase in trade payables, provisions and other payables 16,524 1,780
Gain on previously held interest - (2,530)
Interest paid (5,047) (7,006)
Income taxes paid (994) (813)
Net cash outflow from operating activities (11,432) (12,608)
Cash flows from investing activities
Interest received 107 1,341
Purchase of property, plant and equipment 32 (9,769) (830)
Investment in subsidiary undertakings - (3,369)
Net cash outflow from investing activities (9,662) (2,858)
Cash flows from financing activities
Proceeds from issue of shares (including share premium thereon, net of scrip dividend) 1,724 4,031
Proceeds of interest-bearing loans and borrowings 7,525 -
Shares purchased under share buyback programme (1,040) (10,467)
Dividends paid to equity holders of the Company (20,845) (17,584)
Net cash outflow from financing activities (12,636) (24,020)
Net decrease in cash and cash equivalents (33,730) (39,486)
Cash and cash equivalents at beginning of year 20,812 60,298
Cash and cash equivalents at end of year (12,918) 20,812
Cash and cash equivalents is comprised of:
Bank overdrafts (12,918) 20,812