Final Results -7-
March 17 2009 - 3:00AM
UK Regulatory
| liabilities | | | |
+---------------------------------------+-----------+-------------+------------+
| Net cash used in investing | | (303,926) | (223,573) |
| activities | | | |
+---------------------------------------+-----------+-------------+------------+
| | | | |
+---------------------------------------+-----------+-------------+------------+
| Cash flows from financing | | | |
| activities | | | |
+---------------------------------------+-----------+-------------+------------+
| Shares acquired by Employee | 26 | (6,000) | (7,920) |
| Benefit Trust | | | |
+---------------------------------------+-----------+-------------+------------+
| Purchase of treasury shares | | - | (15,817) |
+---------------------------------------+-----------+-------------+------------+
| Disposal of treasury shares | | - | 348 |
+---------------------------------------+-----------+-------------+------------+
| Proceeds from borrowings | | - | 386,161 |
+---------------------------------------+-----------+-------------+------------+
| Repayments of borrowings | | - | (216,120) |
+---------------------------------------+-----------+-------------+------------+
| Dividends paid to shareholders | 8 | (17,201) | (67,566) |
+---------------------------------------+-----------+-------------+------------+
| Proceeds from issuance of | | - | 2,132 |
| ordinary shares | | | |
+---------------------------------------+-----------+-------------+------------+
| Proceeds from exercise of share | | 61 | 386 |
| options | | | |
+---------------------------------------+-----------+-------------+------------+
| Net cash (used in)/generated from | | (23,140) | 81,604 |
| financing activities | | | |
+---------------------------------------+-----------+-------------+------------+
| | | | |
+---------------------------------------+-----------+-------------+------------+
| Net (decrease)/increase in cash | | (22,113) | 98,275 |
| and cash equivalents | | | |
+---------------------------------------+-----------+-------------+------------+
| Opening cash and cash equivalents | | 158,445 | 60,170 |
+---------------------------------------+-----------+-------------+------------+
| Effect of foreign exchange rate | 27 | 62,620 | - |
| changes | | | |
+---------------------------------------+-----------+-------------+------------+
| Closing cash and cash equivalents | 16 | 198,952 | 158,445 |
+---------------------------------------+-----------+-------------+------------+
Company Cash Flow Statement
For the year ended 31 December 2008
+----------------------------------------+-----------+------------+------------+
| | | 2008 | 2007 |
+----------------------------------------+-----------+------------+------------+
| | Notes | GBP'000 | GBP'000 |
+----------------------------------------+-----------+------------+------------+
| | | | |
+----------------------------------------+-----------+------------+------------+
| Cash flows from operating | | | |
| activities | | | |
+----------------------------------------+-----------+------------+------------+
| Operating cash outflow | 27 | (17,160) | (12,796) |
+----------------------------------------+-----------+------------+------------+
| Interest received | | 1,980 | 4,147 |
+----------------------------------------+-----------+------------+------------+
| Interest paid | | (20,813) | (10,437) |
+----------------------------------------+-----------+------------+------------+
| Net cash used in operating | | (35,993) | (19,086) |
| activities | | | |
+----------------------------------------+-----------+------------+------------+
| | | | |
+----------------------------------------+-----------+------------+------------+
| Cash flows from investing | | | |
| activities | | | |
+----------------------------------------+-----------+------------+------------+
| Purchase of property, plant and | | - | (60) |
| equipment | | | |
+----------------------------------------+-----------+------------+------------+
| Disposal of investment in | | - | 11,496 |
| associate | | | |
+----------------------------------------+-----------+------------+------------+
| Investments in subsidiaries | 12 | (150,000) | (226,019) |
+----------------------------------------+-----------+------------+------------+
| Repayments of loans by | | 228,391 | 212,099 |
| subsidiaries | | | |
+----------------------------------------+-----------+------------+------------+
| Net cash generated from/(used in) | | 78,391 | (2,484) |
| investing activities | | | |
+----------------------------------------+-----------+------------+------------+
| | | | |
+----------------------------------------+-----------+------------+------------+
| Cash flows from financing | | | |
| activities | | | |
+----------------------------------------+-----------+------------+------------+
| Shares acquired by Employee | 26 | (6,000) | (7,920) |
| Benefit Trust | | | |
+----------------------------------------+-----------+------------+------------+
| Purchase of treasury shares | | - | (15,817) |
+----------------------------------------+-----------+------------+------------+
| Disposal of treasury shares | | - | 348 |
+----------------------------------------+-----------+------------+------------+
| Proceeds from borrowings | | - | 386,161 |
+----------------------------------------+-----------+------------+------------+
| Repayments of borrowings | | - | (216,120) |
+----------------------------------------+-----------+------------+------------+
| Dividends paid to shareholders | 8 | (17,201) | (67,566) |
+----------------------------------------+-----------+------------+------------+
| Proceeds from issuance of ordinary | | - | 2,132 |
| shares | | | |
+----------------------------------------+-----------+------------+------------+
| Proceeds from exercise of share | | 61 | 386 |
| options | | | |
+----------------------------------------+-----------+------------+------------+
| Net cash (used in)/generated from | | (23,140) | 81,604 |
| financing activities | | | |
+----------------------------------------+-----------+------------+------------+
| | | | |
+----------------------------------------+-----------+------------+------------+
| Net increase in cash and cash | | 19,258 | 60,034 |
| equivalents | | | |
+----------------------------------------+-----------+------------+------------+
| Opening cash and cash equivalents | | 104,134 | 44,100 |
+----------------------------------------+-----------+------------+------------+
| Effect of foreign exchange rate | 27 | 63,301 | - |
| changes | | | |
+----------------------------------------+-----------+------------+------------+
| Closing cash and cash equivalents | 16 | 186,693 | 104,134 |
+----------------------------------------+-----------+------------+------------+
Notes to the Financial Statements
1. Accounting Policies for the year ended 31 December 2008
Basis of Preparation
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