Cash flow statement

for the year ended 31 March 2011

  Group   Company  
  2011
£m		   2010
£m		 2011
£m		   2010
£m
Operating loss
 (13.3)   (15.3) –   (0.2)
Depreciation and amortisation
 12.0   12.2 –   –
Share-based compensation
 1.8   1.5 –   –
(Increase)/decrease in inventories
 (0.2)   0.1 –   –
Decrease/(increase) in receivables
 0.9   (0.6) –   0.2
(Decrease)/increase in payables
 (0.5)   4.6 –   –
Increase/(decrease) in deferred income
 2.8   (7.7) –   –
Exchange movements
 (0.8)   0.9 –   –
Net cash inflow/(outflow) from operations
 2.7   (4.3) –   –
Taxation paid
 (0.1)   (0.2) –   –
Research and development tax credits received
 8.2   0.7 –   –
Net cash inflow/(outflow) from operating activities
 10.8   (3.8) –   –
Cash flows from investing activities
Interest received
 0.7   0.6 –   –
Purchase of property, plant and equipment
 (1.5)   (1.0) –   –
Receipts from sale of property, plant and equipment
 0.1   – –   –
Net cash outflow from investing activities
 (0.7)   (0.4) –   –
Net cash inflow/(outflow) before financing activities
 10.1   (4.2) –   –
Cash flows from financing activities
Proceeds from issue of ordinary shares
 0.2   0.9 –   –
Payment of financial liabilities
 –   (6.3) –   –
Interest paid on loans and financial liabilities
 –   (0.3) –   –
Net cash inflow/(outflow) from financing activities
 0.2   (5.7) –   –
Increase/(decrease) in cash and cash equivalents
 10.3   (9.9) –   –
Cash and cash equivalents at beginning of period
 64.1   74.0 –   –
Cash and cash equivalents at end of period
 74.4   64.1 –   –