Consolidated cash flow statement
for the year ended 31 March 2009

	2009 £m	2008 £m
Operating loss	(20.9)	(25.1)
Depreciation and amortisation	11.8	11.8
Share-based compensation	1.9	2.7
Decrease in inventories	0.1	–
(Increase)/decrease in receivables	(0.2)	2.2
Increase in payables	4.6	1.9
(Decrease)/increase in deferred income	(3.3)	2.4
Exchange movements	1.8	–
Other non-cash movements	0.6	0.4
Net cash outflow from operations	(3.6)	(3.7)
Taxation paid	(0.4)	(0.1)
Research and development tax credits received	3.3	2.3
Net cash outflow from operating activities	(0.7)	(1.5)
Cash flows from investing activities
Interest received	3.6	4.5
Purchase of property, plant and equipment	(1.6)	(0.7)
Receipts from sale of property, plant and equipment	–	1.3
Net cash inflow from investing activities	2.0	5.1
Net cash inflow before financing activities	1.3	3.6
Cash flows from financing activities
Proceeds from issue of ordinary shares	0.2	4.1
Payment of financial liabilities	(5.9)	(5.2)
Payment of finance lease liabilities	–	(0.4)
Interest paid on loans and financial liabilities	(0.4)	(0.8)
Net cash outflow from financing activities	(6.1)	(2.3)
(Decrease)/increase in cash and cash equivalents	(4.8)	1.3
Cash and cash equivalents at beginning of period	78.8	77.5
Cash and cash equivalents at end of period	74.0	78.8