+-------------------------------------+-------+---------------------+---------------------+ 
| Amounts due from subsidiary         |  15   |              42,634 |             153,247 | 
| undertakings                        |       |                     |                     | 
+-------------------------------------+-------+---------------------+---------------------+ 
|                                     |       |             580,664 |             581,992 | 
+-------------------------------------+-------+---------------------+---------------------+ 
| Current assets                      |       |                     |                     | 
+-------------------------------------+-------+---------------------+---------------------+ 
| Trade and other receivables         |  15   |              10,801 |                 346 | 
+-------------------------------------+-------+---------------------+---------------------+ 
| Cash and cash equivalents           |  16   |             207,969 |             154,620 | 
+-------------------------------------+-------+---------------------+---------------------+ 
| Derivative financial instruments    |  22   |                   - |                 498 | 
+-------------------------------------+-------+---------------------+---------------------+ 
|                                     |       |             218,770 |             155,464 | 
+-------------------------------------+-------+---------------------+---------------------+ 
|                                     |       |                     |                     | 
+-------------------------------------+-------+---------------------+---------------------+ 
| Total assets                        |       |             799,434 |             737,456 | 
+-------------------------------------+-------+---------------------+---------------------+ 
|                                     |       |                     |                     | 
+-------------------------------------+-------+---------------------+---------------------+ 
| Liabilities                         |       |                     |                     | 
+-------------------------------------+-------+---------------------+---------------------+ 
| Current liabilities                 |       |                     |                     | 
+-------------------------------------+-------+---------------------+---------------------+ 
| Trade and other payables            |  17   |             (9,273) |            (15,828) | 
+-------------------------------------+-------+---------------------+---------------------+ 
| Derivative financial instruments    |  22   |             (5,753) |                   - | 
+-------------------------------------+-------+---------------------+---------------------+ 
| Financial liabilities - bank        |  18   |            (21,276) |            (50,486) | 
| overdraft                           |       |                     |                     | 
+-------------------------------------+-------+---------------------+---------------------+ 
|                                     |       |            (36,302) |            (66,314) | 
+-------------------------------------+-------+---------------------+---------------------+ 
| Net current assets                  |       |             182,468 |              89,150 | 
+-------------------------------------+-------+---------------------+---------------------+ 
|                                     |       |                     |                     | 
+-------------------------------------+-------+---------------------+---------------------+ 
| Non-current liabilities             |       |                     |                     | 
+-------------------------------------+-------+---------------------+---------------------+ 
| Financial liabilities - borrowings  |  18   |           (456,445) |           (398,322) | 
+-------------------------------------+-------+---------------------+---------------------+ 
|                                     |       |           (456,445) |           (398,322) | 
+-------------------------------------+-------+---------------------+---------------------+ 
|                                     |       |                     |                     | 
+-------------------------------------+-------+---------------------+---------------------+ 
| Total liabilities                   |       |           (492,747) |           (464,636) | 
+-------------------------------------+-------+---------------------+---------------------+ 
|                                     |       |                     |                     | 
+-------------------------------------+-------+---------------------+---------------------+ 
| Net assets                          |       |             306,687 |             272,820 | 
+-------------------------------------+-------+---------------------+---------------------+ 
|                                     |       |                     |                     | 
+-------------------------------------+-------+---------------------+---------------------+ 
| Shareholders' equity                |       |                     |                     | 
+-------------------------------------+-------+---------------------+---------------------+ 
| Called up share capital             |  23   |                 599 |                 573 | 
+-------------------------------------+-------+---------------------+---------------------+ 
| Share premium                       |  24   |             136,242 |             107,207 | 
+-------------------------------------+-------+---------------------+---------------------+ 
| Other reserves                      |  26   |             128,093 |             139,146 | 
+-------------------------------------+-------+---------------------+---------------------+ 
| Retained earnings                   |  25   |              41,753 |              25,894 | 
+-------------------------------------+-------+---------------------+---------------------+ 
|                                     |       |                     |                     | 
+-------------------------------------+-------+---------------------+---------------------+ 
| Total shareholders' equity          |       |             306,687 |             272,820 | 
+-------------------------------------+-------+---------------------+---------------------+ 
 
 
 
 
The financial statements on pages 11 to 52 were approved by the Board of 
Directors on 16 March 2009 and were signed on its behalf by: 
 
 
 
 
 
 
 
 
 
 
Mike Wagstaff 
                     Peter Turner 
Chief Executive 
                     Finance Director 
  Group Cash Flow Statement 
For the year ended 31 December 2008 
 
 
+---------------------------------------+-----------+-------------+------------+ 
|                                       |           |        2008 |       2007 | 
+---------------------------------------+-----------+-------------+------------+ 
|                                       |    Notes  |     GBP'000 |    GBP'000 | 
+---------------------------------------+-----------+-------------+------------+ 
|                                       |           |             |            | 
+---------------------------------------+-----------+-------------+------------+ 
|     Cash flows from operating         |           |             |            | 
|     activities                        |           |             |            | 
+---------------------------------------+-----------+-------------+------------+ 
|     Operating cash flow               |    27     |     350,778 |    263,610 | 
+---------------------------------------+-----------+-------------+------------+ 
|     Interest received                 |           |       4,920 |      4,174 | 
+---------------------------------------+-----------+-------------+------------+ 
|     Interest paid                     |           |    (20,813) |   (11,534) | 
+---------------------------------------+-----------+-------------+------------+ 
|     Income tax paid                   |           |    (29,932) |   (16,006) | 
+---------------------------------------+-----------+-------------+------------+ 
|     Net cash generated from operating |           |     304,953 |    240,244 | 
|     activities                        |           |             |            | 
+---------------------------------------+-----------+-------------+------------+ 
|                                       |           |             |            | 
+---------------------------------------+-----------+-------------+------------+ 
|     Cash flows from investing         |           |             |            | 
|     activities                        |           |             |            | 
+---------------------------------------+-----------+-------------+------------+ 
|     Purchase of property, plant and   |           |   (279,657) |  (242,033) | 
|     equipment                         |           |             |            | 
+---------------------------------------+-----------+-------------+------------+ 
|     Acquisition of subsidiaries (net  |           |     (1,074) |     14,166 | 
|     of cash acquired)                 |           |             |            | 
+---------------------------------------+-----------+-------------+------------+ 
|     Sale of subsidiary (net of cash   |      4    |           - |      1,800 | 
|     disposed)                         |           |             |            | 
+---------------------------------------+-----------+-------------+------------+ 
|     Proceeds from disposal of         |      10   |       3,010 |      2,494 | 
|     property, plant and equipment     |           |             |            | 
+---------------------------------------+-----------+-------------+------------+ 
|     Investments in joint ventures and |      12   |    (23,199) |          - | 
|     associates                        |           |             |            | 
+---------------------------------------+-----------+-------------+------------+ 
|     Payments made for decommissioning |           |     (3,006) |          - |
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