Group cash flow statement

Year ended 31 March 2017

Notes 2017
£m
2016
£m
Net cash inflow from operating activities 36 113.2 101.1
       
Investing activities      
Interest received   0.3 0.3
Proceeds on disposal of property, plant and equipment   - 0.2
Disposal of subsidiary 34 (1.7) -
Purchases of intangible assets   (50.9) (56.8)
Purchases of property, plant and equipment   (7.6) (7.1)
Acquisition of investment in associate 18 (24.7) -
Acquisition of available for sale investments 17 - (0.5)
Net cash outflow on acquisition of subsidiaries 35 (74.2) (5.3)
Net cash used in investing activities   (158.8) (69.2)
       
Financing activities      
Dividends paid 11 (40.3) (137.0)
Repayment of finance leases   (1.0) (0.5)
Issue of shares from the employee benefit trust   0.1 1.2
Proceeds on issue of share capital 25 0.8 0.6
New bank and other loans raised   103.3 75.0
Movement in bank and other loans   (29.8) 7.7
Net cash generated by/(used in) financing activities   33.1 (53.0)
       
Net decrease in cash and cash equivalents (12.5) (21.1)
Cash and cash equivalents at beginning of year 54.2 74.7
Effect of foreign exchange rate changes 4.5 0.6
Cash and cash equivalents at end of year 46.2 54.2