Experian 2010 Annual Report Download - page 146

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Experian Annual Report 2010 Financial statements144
Notes to the Group nancial statements (continued)
35. Notes to the Group cash ow statement
2010
US$m
2009
US$m
(a) Cash generated from operations
Prot after tax 644 494
Adjustments for:
Tax expense 17 84
Share of post-tax prots of associates (58) (42)
Net nancing costs 90 77
Operating prot 693 613
(Prot)/loss on sale of property, plant and equipment (2) 6
Loss on sale of other intangible assets 33
Loss on disposal of businesses 24 3
Depreciation and amortisation 417 420
Goodwill adjustment - 1
Losses in respect of associates 45
Charge in respect of equity incentive plans 61 52
Change in working capital (note 35(b)) (22) 7
Movement in exceptional items included in working capital (21) (8)
Cash generated from operations 1,157 1,102
(b) Change in working capital
Decrease/(increase) in inventories 1 (2)
(Increase)/decrease in receivables (38) 24
Increase/(decrease) in payables 18 (11)
Difference between pension cost in Group income statement and contributions paid (3) (4)
Change in working capital (22) 7
(c) Purchase of other intangible assets
Databases 168 153
Internally generated software 45 38
Internal use software 43 39
Purchase of other intangible assets 256 230
(d) Acquisition of subsidiaries
Purchase of subsidiaries (including acquisition expenses) (note 36(a)) (41) (124)
Net cash acquired with subsidiaries (note 36(a)) 9 4
Deferred consideration settled on acquisitions made in previous years (9) (59)
Net cash outow for acquisition of subsidiaries (41) (179)