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C H Bailey Plc
Group Cash Flow Statement
for the year ended 31st March 2005
2005						2004
Net cash (outflow) from operating activities					(1,422,611)	(908,655)
Return on investments and servicing of finance
Interest received					42,583	25,752
Interest paid					(171,234)		(107,911)
					(128,651)	(82,159)
Taxation					(4,945)	(5,068)
Capital expenditure and financial investment
Purchase of tangible fixed assets					(544,665)	(371,715)
Sale of tangible fixed assets					2,044,054		-
					1,499,389	(371,715)
Acquisitions
Purchase of Modular Automation Int Ltd					(286,365)
Overdraft acquired from Modular Automation Int Ltd				(385,234)
Other goodwill acquired					(55,000)
					(726,599)		-
Cash (outflow) before use of liquid resources
and financing					(783,417)	(1,367,597)
Equity dividends paid					-		-
Management of liquid rescources
Purchase of investments					(1,411,322)	(3,438,531)
Sale of investments					3,196,697		3,740,195
Net (increase) in short term deposits					(395,598)		(485,032)
					1,389,777	(183,368)
Financing
Investment in own shares				(969,825)			-
Directors loans					934,594		-
(Decrease) in other loans due within one year					(79,626)	(96,121)
(Decrease) Increase in bank loans due after more than
one year				(68,738)		160,877
Capital element of finace leases					114,920		-
				(68,675)		64,756
Increase (decrease) in cash in the period					537,685		(1,486,209)