Tribal -
 

Condensed consolidated cash flow statement


for the six months to 30 June 2008

        Pro forma        
    Six months   six months   Six months   Nine months
    ended   ended   ended   ended
    30 June   30 June   30 September   31 December
  Note 2008   2007   2007   2007
    £’000   £’000   £’000   £’000
                 
Net cash from operating activities 18 21,038   18,979   1,854   8,808
                 
Investing activities                
Interest received   446   1,659   919   992
Proceeds on disposal to minorities   -   137   159   159
Disposal of subsidiary   -   34,801   36,251   36,251
Proceeds on disposal of property, plant and 
equipment
  26   185   236   113
Purchase of trading investments   -   -   (6)   (8)
Purchases of property, plant and equipment   (1,203)   (3,333)   (1,926)   (2,579)
Expenditure on product development   (824)   (960)   (942)   (1,657)
Acquisitions   (20,158)   (338)   (204)   (1,840)
Cash and cash equivalents acquired   2,167   -   -   -
                 
Net cash (outflow)/inflow from investing activities   (19,546)   32,151   34,487   31,431
                 
                 
Financing activities                
Interest paid   (819)   (3,153)   (1,336)   (2,219)
Equity dividend paid   (966)   (880)   -   (2,031)
Dividends to minorities   (197)   (95)   (100)   (390)
Issue of shares   -   51   122   122
Repayment of borrowings   (5,214)   (54,293)   (53,966)   (53,974)
Repayments of obligations under finance
leases
  -   (23)   (1)   (5)
New bank loans   11,752   684   -   -
Movements in collateralised cash   192   165   750   757
                 
Net cash from/(used in) financing activities   4,748   (57,544)   (54,531)   (57,740)
                 
                 
Net increase/(decrease) in cash and cash equivalents   6,240   (6,414)   (18,190)   (17,501)
                 
Cash and cash equivalents at beginning of period   15,982   20,062   33,483   33,483
                 
Cash and cash equivalents at end of period  19 22,222   13,648   15,293   15,982