Group Cash Flow Statement

For the year ended 31 March 2009


Note		 2009
€’000		 2008
€’000
     
Cash generated from operations 42 304,874 129,043
Exceptionals   (60,940) (4,168)
Interest paid   (38,274) (38,541)
Income tax paid   (14,147) (21,902)
Net cash flows from operating activities   191,513 64,432
       
Investing activities      
Inflows      
Dividends received from associates   - 172,000
Proceeds from disposal of property, plant and equipment   5,484 7,781
Government grants received 35 1,130 92
Proceeds on disposal of associate   8,481 8,880
Interest received   16,417 23,560
    31,512 212,313
Outflows      
Purchase of property, plant and equipment   (56,970) (87,526)
Acquisition of subsidiaries   (89,725) (166,584)
Deferred acquisition consideration paid   (11,987) (9,987)
    (158,682) (264,097)
Net cash flows from investing activities   (127,170) (51,784)
       
Financing activities      
Inflows      
Re-issue of treasury shares   10,267 4,060
Increase in finance lease liabilities   - 873
Increase in interest-bearing loans and borrowings   84,348 202,049
    94,615 206,982
Outflows      
Repayment of interest-bearing loans and borrowings   (92,938) (43,490)
Repayment of finance lease liabilities   (1,129) (6,523)
Dividends paid to equity holders of the Company 17 (47,937) (41,813)
Dividends paid to minority interests 40 (766) (2,725)
    (142,770) (94,551)
Net cash flows from financing activities   (48,155) 112,431
       
Change in cash and cash equivalents   16,188 125,079
Translation adjustment   (36,717) (39,220)
Cash and cash equivalents at beginning of year   396,046 310,187
Cash and cash equivalents at end of year 30 375,517 396,046
       
Cash and cash equivalents consists of:      
Cash and short term bank deposits 27 426,789 485,840
Overdrafts 30 (51,272) (89,794)
  30 375,517 396,046