Cash Flow

  Notes
click number to open		 Year ended
31 December
2009
$'000		 Year ended
31 December
2008
$'000
Cash flows from operating activities      
(Loss) profit before tax   (19,171) 38,733
Adjustments to reconcile (loss) profit before tax to net cash provided by operating activities:      
Depreciation and amortization 6 8,693 10,169
Share options and restricted stock compensation expense 8 3,883 3,043
Provision for post-employment obligations 8 226 259
Movement in provisions 25 44,953 (210)
Interest income 11 (393) (1,281)
Interest expense 11 281 757
Bad debt provision 19 (35) 240
Change in operating assets and liabilities:      
Restricted cash 18 - (892)
Accounts receivable 19 323 817
Accrued income 19 2,922 2,467
Prepaid expenses and other assets 19 4,186 311
Provisions for liabilities and charges 25 (32,177) -
Trade payables 27 (3,266) 2,077
Accruals and other payables 27 (4,710) 2,357
Cash provided by operating activities   5,715 58,847
Interest received   410 1,490
Interest paid   (12) (69)
Taxation paid, net   (5,158) (16,725)
Net cash provided by operating activities   955 43,543
Cash flows from investing activities      
Additions to intangible assets 15 (3,183) (1,900)
Purchase of property, plant and equipment 16 (5,339) (15,951)
Net cash used in investing activities   (8,522) (17,851)
Cash flows from financing activities      
Dividends paid 14 (2,885) (3,217)
Share repurchase 22 (612) (3,818)
Proceeds from share option exercises 22 415 228
Net cash used in financing activities   (3,082) (6,807)
(Decrease) increase in cash and cash equivalents   (10,649) 18,885
Cash and cash equivalents at 1 January   51,259 40,088
Effect of exchange rate changes on cash and cash equivalents   1,962 (7,714)
Cash and cash equivalents at 31 December   42,572 51,259

The accompanying notes are an integral part of these consolidated financial statements.