Provident Financial plc Interim Report 2006
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Current chapter: Consolidated interim cash flow statement
Interim financial information
Consolidated interim cash flow statement
| Unaudited Half-year to 30 June 2006 £m | Unaudited Half-year to 30 June 2005 £m | Audited Full year to 31 Dec 2005 £m | |
|---|---|---|---|
| Cash flows from operating activities | |||
| Cash generated from operations | 64.5 | 101.4 | 68.2 |
| Interest paid | (40.4) | (30.7) | (60.8) |
| Interest received | 13.0 | 14.1 | 27.8 |
| Income tax paid | (6.1) | (31.4) | (53.2) |
| Net cash generated from/(used in) operating activities | 31.0 | 53.4 | (18.0) |
| Cash flows from investing activities | |||
| Purchases of property, plant and equipment | (13.2) | (11.8) | (20.9) |
| Proceeds from sale of property, plant and equipment | 2.0 | 1.5 | 3.2 |
| Purchases of intangible assets | (2.0) | (4.3) | (9.8) |
| Acquisition of subsidiary | – | – | (19.1) |
| Net cash used in investing activities | (13.2) | (14.6) | (46.6) |
| Cash flows from financing activities | |||
| Proceeds from borrowings | 174.2 | 105.0 | 161.8 |
| Repayment of borrowings | (155.1) | (85.4) | (60.9) |
| Dividends paid to company shareholders | (54.4) | (52.7) | (88.6) |
| Proceeds from issue of share capital | 0.4 | 2.0 | 2.3 |
| Proceeds from the sale of/(purchase of) treasury shares | 0.2 | (0.4) | 0.7 |
| Net cash (used in)/generated from financing activities | (34.7) | (31.5) | 15.3 |
| Net (decrease)/increase in cash and bank overdrafts | (16.9) | 7.3 | (49.3) |
| Cash and bank overdrafts at beginning of period | 444.4 | 493.5 | 493.5 |
| Exchange (losses)/gains on cash and bank overdrafts | (0.6) | (2.0) | 0.2 |
| Cash and bank overdrafts at end of period | 426.9 | 498.8 | 444.4 |
| Cash and bank overdrafts at end of period comprise: | |||
| Cash at bank and in hand | 51.4 | 50.2 | 54.6 |
| Short-term deposits | 386.9 | 455.5 | 397.3 |
| Cash and cash equivalents | 438.3 | 505.7 | 451.9 |
| Overdrafts (held in bank and other borrowings) | (11.4) | (6.9) | (7.5) |
| 426.9 | 498.8 | 444.4 | |
All short-term deposits have a maturity of three months or less on acquisition. The cash and short-term deposits held by those businesses that are regulated are required to be strictly segregated from those of the rest of the group and are not available to repay group borrowings. At 30 June 2006 the cash and short-term deposits held by the group´s regulated businesses amounted to £396.4m (30 June 2005: £462.7m, 31 December 2005: £404.5m).