AVESCOGROUPPLC ANNUAL REPORT 2009 29
www.avesco.com
CONSOLIDATED STATEMENT OF RECOGNISED INCOME AND EXPENSE
YEAR ENDED 30 SEPTEMBER 2009
Year ended 30 September
2009 2008
Note £000s £000s
Currency translation differences 30 239 390
Cash flow hedges 30 (164) 164
Deferred tax liability on cash flow hedges 30 41 (41)
Total income recognised directly in equity 116 513
(Loss)/profit for the year (13,740) 5,411
Total recognised (expense)/income for the year (13,624) 5,924
All amounts are attributable to equity holders of the Company.
PARENT COMPANY STATEMENT OF RECOGNISED INCOME AND EXPENSE
YEAR ENDED 30 SEPTEMBER 2009
There are no movements to be recognised through the parent Company statement of recognised income and expense in 2009 or 2008.
CASH FLOW STATEMENTS
YEAR ENDED 30 SEPTEMBER 2009
Group Company
Year ended 30 September Year ended 30 September
2009 2008 2009 2008
Note £000s £000s £000s £000s
Cash flows from operating activities
Cash generated from /(used by) operations 31 11,206 13,800 (107) (466)
Net interest (paid)/received (740) (1,008) 686 1,102
Income tax paid (116) (430) - -
Net cash generated from operating activities 10,350 12,362 579 636
Cash flows from investing activities
Acquisition of subsidiaries (net of cash acquired) - (1,765) - -
Purchases of property, plant and equipment (16,335) (24,507) - -
Proceeds from sale of property, plant and equipment 4,806 714 - -
Proceeds from sale of investments 3,700 6,013 - -
Dividends received - - 6,500 6,354
Net cash (used in)/generated from investing activities (7,829) (19,545) 6,500 6,354
Cash flows from financing activities
Purchase of treasury shares - (1,011) - (1,011)
Proceeds from borrowings 9,185 17,949 - 13,000
Repayments of external borrowings (9,646) (10,802) (1,150) (3,500)
Repayments of Group borrowings - - (15,243) (3,189)
Dividends paid to Company's shareholders 15 (876) (1,524) (876) (1,524)
Net cash (used in)/generated from financing activities (1,337) 4,612 (17,269) 3,776
Net increase/(decrease) in cash, cash equivalents and bank overdrafts 1,184 (2,571) (10,190) 10,766
Cash, cash equivalents and bank overdrafts at beginning of year 4,704 8,476 16,106 5,340
Exchange losses on cash and bank overdrafts (2,006) (1,201) - -
Cash, cash equivalents and bank overdrafts at end of year 3,882 4,704 5,916 16,106
Bank overdrafts 649 141 - -
Cash, cash equivalents at end of year 23 4,531 4,845 5,916 16,106
The notes on pages 30 to 63 are an integral part of these financial statements.
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