Company cash flow statement

Year ended 31 March 2017

Notes 2017
£m
2016
£m
Net cash outflow from operating activities 44 (150.2) (72.8)
     
Investing activities      
Interest received   0.1 0.1
Dividends received from subsidiary undertakings   48.3 115.8
Amounts received from subsidiary undertakings for share incentive schemes   4.4 5.3
Purchases of intangible assets   (3.7) (0.3)
Purchases of tangible assets   (0.2) (0.2)
Issue of shares from the employee benefit trust   - 1.2
Proceeds from transfer of intangibles to subsidiary undertaking   - 19.0
Net cash from investing activities 48.9 140.9
     
Financing activities      
Dividends paid (40.3) (137.0)
Share capital issued 0.8 0.6
New bank and other loans raised 103.3 75.0
Movement in bank and other loans (29.8) 8.8
Net cash generated by/(used in) financing activities 34.0 (52.6)
     
Net movement in cash and cash equivalents (67.3) 15.5
Cash and cash equivalents at beginning of year 62.1 46.2
Effect of foreign exchange rate changes 0.8 0.4
Cash and cash equivalents at end of year 49, 54 (4.4) 62.1