Notes 2006
£’000		 2005
£’000
Net cash flow from operating activities 20 (17,977) (32,261)
Investing activities      
Interest received   3,057 2,170
Dividends received from associated undertaking   – 149
Proceeds from sale of shares in associated undertaking   – 13,396
Proceeds from redemption of preference shares held in associated undertaking   – 1,500
Proceeds on disposal of property, plant and equipment   33 –
Proceeds on disposal of investment properties   45,076 30,078
Purchase of property, plant and equipment   (1,547) (876)
Investment in participating loan   (5,000) –
Purchase of investment properties   (6,928) (11,945)
Purchase of investments   (20,190) (1,165)
Net cash from investing activities   14,501 33,307
Financing activities      
Dividends paid   (2,390) (2,245)
Issue of new shares   23,210 245
Repayments of borrowings   (18,729) (5,169)
New bank loans raised   11,973 25,830
Increase/(decrease) in bank overdrafts   4,854 (379)
Net cash from financing activities   18,918 18,282
Net increase in short-term deposits   15,442 19,328
       
Cash and short-term deposits at the beginning of the year   73,094 53,766
Cash and short-term deposits at the end of the year   88,536 73,094
       
       
Cash and cash equivalents comprise:      
       
Cash and short-term deposits excluding pledged cash   81,588 48,351
Pledged cash held as security against financial liabilities   6,948 24,743
Cash and short-term deposits at the end of the year   88,536 73,094
       
Bank overdrafts   (5,929) (1,075)
Cash and cash equivalents   82,607 72,019