| Year ended 30 September 2011 £'000 |
Period ended 30 September 2010 Restated* £'000 |
|
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| (Loss)/profit before taxation | (10,239) | 17,874 |
| Adjustments for: | ||
| Finance income | (508) | (1,281) |
| Finance costs | 5,097 | 3,105 |
| Share of joint venture and associated undertakings post tax loss/(profit) | 2,612 | (16,130) |
| Depreciation and impairment charge | 3,832 | 3,844 |
| Loss/(profit) on revaluation of investment properties | 4,128 | (1,956) |
| Impairment of associated undertakings | 1,000 | — |
| Profit on disposal of investment properties | — | (47) |
| (Profit)/loss on sale of tangible financial assets | (64) | 12 |
| Share-based payment | 196 | 384 |
| CASH FLOWS FROM OPERATING ACTIVITIES BEFORE CHANGE IN WORKING CAPITAL | 6,054 | 5,805 |
| Decrease/(increase) in property inventories | 27,630 | (6,635) |
| Decrease/(increase) in trade and other receivables | 13,798 | (2,330) |
| Decrease in trade and other payables | (4,375) | (3,491) |
| CASH GENERATED FROM/(ABSORBED BY) OPERATIONS | 43,107 | (6,651) |
| Finance costs | (4,425) | (3,222) |
| Finance income | 590 | 465 |
| Tax (paid)/received | (147) | 594 |
| NET CASH FLOWS FROM OPERATING ACTIVITIES | 39,125 | (8,814) |
| INVESTING ACTIVITIES | ||
| Purchase of investment property | — | (50) |
| Sale of investment property and tangible fixed assets | 100 | 16,459 |
| Sale of investments | 167 | 28 |
| Purchase of property, plant and equipment | (70) | (35) |
| NET CASH FLOWS FROM INVESTING ACTIVITIES | 197 | 16,402 |
| FINANCING ACTIVITIES | ||
| Borrowings drawn down | 1,325 | 6,342 |
| Borrowings repaid | (30,743) | (17,581) |
| NET CASH FLOWS FROM FINANCING ACTIVITIES | (29,418) | (11,239) |
| Net increase/(decrease) in cash and cash equivalents | 9,904 | (3,651) |
| Cash and cash equivalents at 1 October 2010 | 1,639 | 5,290 |
| CASH AND CASH EQUIVALENTS AT 30 SEPTEMBER 2011 | 11,543 | 1,639 |
