|     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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