Consolidated cash flow statement

for the year ended 31 March 2010

	2010 £m	2009 £m
Operating loss	(15.3)	(20.9)
Depreciation and amortisation	12.2	11.8
Share-based compensation	1.5	1.9
Decrease in inventories	0.1	0.1
Increase in receivables	(0.6)	(0.2)
Increase in payables	4.6	4.6
Decrease in deferred income	(7.7)	(3.3)
Exchange movements	0.9	1.8
Other non-cash movements	–	0.6
Net cash outflow from operations	(4.3)	(3.6)
Taxation paid	(0.2)	(0.4)
Research and development tax credits received	0.7	3.3
Net cash outflow from operating activities	(3.8)	(0.7)
Cash flows from investing activities
Interest received	0.6	3.6
Purchase of property, plant and equipment	(1.0)	(1.6)
Net cash (outflow)/inflow from investing activities	(0.4)	2.0
Net cash (outflow)/inflow before financing activities	(4.2)	1.3
Cash flows from financing activities
Proceeds from issue of ordinary shares	0.9	0.2
Payment of financial liabilities	(6.3)	(5.9)
Interest paid on loans and financial liabilities	(0.3)	(0.4)
Net cash outflow from financing activities	(5.7)	(6.1)
Decrease in cash and cash equivalents	(9.9)	(4.8)
Cash and cash equivalents at beginning of period	74.0	78.8
Cash and cash equivalents at end of period	64.1	74.0