Peachtree 2015 Annual Report Download - page 111

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The Sage Group plc | Annual Report & Accounts 2015 109
FINANCIAL STATEMENTSGOVERNANCESTRATEGIC REPORT
Fi
nanc
i
a
l
s
t
a
t
emen
t
s
Consolidated statement of cash flows
For the year ended 30 September 2015
Note
2015
£m
2014
(restated)
£m
Cash flows from operating activities
Cash generated from continuing operations 12.1 418.6 382.4
Interest paid (19.2) (20.2)
Income tax paid (84.6) (107.2)
Net cash generated from operating activities 314.8 255.0
Cash flows from investing activities
Acquisitions of subsidiaries, net of cash acquired 15.1 (47.3) (14.1)
Purchases of intangible assets 6.2 (6.0) (8.3)
Purchases of property, plant and equipment 7(16.4) (19.7)
Proceeds from sale of property, plant and equipment 2.1 1.1
Interest received 3.5 2.2 2.1
Net cash generated from investing activities (65.4) (38.9)
Cash flows from financing activities
Proceeds from issuance of ordinary shares 5.4 3.7
Purchase of treasury shares (17.7) (91.0)
Purchase of non-controlling interest 13.4 –(50.4)
Finance lease principal payments (1.4) (1.9)
Proceeds from borrowings 481.2 171.0
Repayments of borrowings (474.5) (71.8)
Movements in cash held on behalf of customers 12.5 15.5
Borrowing costs (1.3) (1.4)
Dividends paid to owners of the parent 14.5 (133.5) (126.2)
Net cash used in financing activities (129.3) (152.5)
Net increase in cash, cash equivalents and bank overdrafts
(before exchange rate movement) 12.2 120.1 63.6
Effects of exchange rate movement (0.4) (2.8)
Net increase in cash, cash equivalents and bank overdrafts 119.7 60.8
Cash, cash equivalents and bank overdrafts at 1 October 12.2 143.7 82.9
Cash, cash equivalents and bank overdrafts at 30 September 12.2 263.4 143.7