| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | ||
|---|---|---|---|---|---|---|
Operating activities | ||||||
Net income / (loss) | ||||||
3,100 | 25,000 | 16,600 | 17,800 | - | ||
Adjustments to reconcile net income / (loss) to net cash used for operating activities | ||||||
Equity income / (loss) of affiliates | ||||||
700 | 400 | 100 | 500 | - | ||
Depreciation | ||||||
14,100 | 17,800 | 17,000 | 17,000 | - | ||
Amortization of purchased intangible assets | ||||||
1,200 | 1,200 | 1,300 | 1,100 | - | ||
Amortization of debt issuance costs | ||||||
300 | 300 | 600 | 500 | - | ||
Share-based compensation charges | ||||||
4,500 | 4,800 | 3,100 | 1,400 | - | ||
Deferred income taxes | ||||||
3,200 | 200 | -2,700 | 2,900 | - | ||
Loss on disposal of property, plant and equipment | ||||||
-200 | -300 | -100 | 1,900 | - | ||
Gain on disposal of business | ||||||
2,900 | 0 | 0 | - | - | ||
Asset impairment charges | ||||||
10,000 | 13,900 | 5,900 | 0 | - | ||
Defined benefit pension credit | ||||||
-2,800 | -4,000 | -3,400 | 7,200 | - | ||
Defined benefit pension contributions | ||||||
7,900 | 7,900 | 8,400 | 10,900 | - | ||
Changes in assets and liabilities | ||||||
Accounts and other receivables | ||||||
2,700 | -5,800 | 11,500 | 2,900 | - | ||
Inventories | ||||||
-300 | 15,500 | -4,900 | -4,500 | - | ||
Other current assets | ||||||
1,000 | -1,100 | -1,300 | 1,500 | - | ||
Accounts payable | ||||||
-800 | 7,300 | 1,500 | -9,000 | - | ||
Accrued liabilities | ||||||
-11,600 | 4,800 | 13,500 | -4,100 | - | ||
Other current liabilities | ||||||
-900 | 9,900 | -2,000 | 200 | - | ||
Other non-current assets and liabilities | ||||||
-200 | 1,400 | -1,100 | 1,200 | - | ||
Net cash used for operating activities | ||||||
5,800 | 63,200 | 38,800 | 20,600 | - | ||
Investing activities | ||||||
Capital expenditures | ||||||
13,900 | 13,900 | 10,500 | 16,600 | - | ||
Proceeds from sale of property, plant and equipment | ||||||
1,200 | 100 | 100 | 3,400 | - | ||
Proceeds from Divestiture of Businesses | ||||||
4,400 | 0 | 100 | 0 | - | ||
Investments in unconsolidated affiliates | ||||||
0 | -1,100 | 1,000 | -1,000 | - | ||
Payments to Acquire Businesses, Net of Cash Acquired | ||||||
0 | -2,700 | 4,700 | 300 | - | ||
Net cash used for investing activities | ||||||
-8,300 | -10,000 | -16,000 | -12,500 | - | ||
Financing activities | ||||||
Net drawdown of short-term borrowings | ||||||
-3,500 | -15,700 | 4,200 | 0 | - | ||
Net drawdown of long-term borrowings | ||||||
17,500 | -21,300 | -13,400 | 8,500 | - | ||
Debt issuance costs | ||||||
0 | 0 | 600 | 200 | - | ||
Deferred consideration paid | ||||||
500 | 800 | 1,400 | 0 | - | ||
Proceeds from sale of shares | ||||||
3,500 | 6,600 | 0 | 0 | - | ||
Share-based compensation cash paid | ||||||
4,400 | 7,300 | 600 | 200 | - | ||
Dividends paid | ||||||
13,600 | 13,400 | 13,300 | 13,300 | - | ||
Repurchases of ordinary shares | ||||||
- | - | - | 7,300 | - | ||
Net cash from financing activities | ||||||
-1,000 | -51,900 | -25,100 | -29,500 | - | ||
Effect of exchange rate changes on cash and cash equivalents | ||||||
-300 | -500 | 2,000 | -1,900 | - | ||
Net increase | ||||||
-3,800 | 800 | -300 | -23,300 | - | ||
Supplemental cash flow information: | ||||||
Interest payments | ||||||
4,600 | 4,600 | 6,200 | 6,400 | - | ||
Income tax payments | ||||||
6,100 | 2,900 | 4,100 | 5,400 | - | ||
RECONCILIATION OF CASH FLOWS FROM CONTINUING OPERATING ACTIVITIES | ||||||
Net income for the year | ||||||
- | - | - | - | 16,100 | ||
Adjustments to reconcile net income for the year to net cash flows from continuing operating activities: | ||||||
Income taxes | ||||||
- | - | - | - | 9,500 | ||
Depreciation and amortization | ||||||
- | - | - | - | 18,600 | ||
Loss on disposal of property, plant and equipment | ||||||
- | - | - | - | 0 | ||
Profit on sale of redundant site | ||||||
- | - | - | - | 0 | ||
Share based compensation charges net of cash settlement | ||||||
- | - | - | - | 1,300 | ||
Net interest costs | ||||||
- | - | - | - | 6,900 | ||
Property, plant and equipment impairment | ||||||
- | - | - | - | 1,700 | ||
Intangible assets impairment | ||||||
- | - | - | - | 3,700 | ||
Investment impairment | ||||||
- | - | - | - | 4,600 | ||
Other non-cash restructuring charges | ||||||
- | - | - | - | 7,700 | ||
Curtailment and past service credits on retirement benefits obligations | ||||||
- | - | - | - | 18,200 | ||
IAS 19R retirement benefits finance charge | ||||||
- | - | - | - | 3,000 | ||
Acquisitions and disposals costs | ||||||
- | - | - | - | -2,000 | ||
Unwind of discount on deferred contingent consideration from acquisitions | ||||||
- | - | - | - | 400 | ||
Share of results of joint ventures and associates | ||||||
- | - | - | - | -1,200 | ||
Changes in operating assets and liabilities: | ||||||
Sale of assets classified as held for sale | ||||||
- | - | - | - | 1,200 | ||
(Increase) / decrease in receivables | ||||||
- | - | - | - | 5,000 | ||
Decrease in inventories | ||||||
- | - | - | - | 3,000 | ||
Increase / (decrease) in payables | ||||||
- | - | - | - | -900 | ||
Movement in retirement benefits obligations | ||||||
- | - | - | - | -8,600 | ||
Movement in provisions | ||||||
- | - | - | - | 300 | ||
Acquisition approach costs paid | ||||||
- | - | - | - | 600 | ||
Income taxes paid | ||||||
- | - | - | - | 5,100 | ||
NET CASH FLOWS FROM CONTINUING OPERATING ACTIVITIES | ||||||
- | - | - | - | 52,800 | ||
CASH FLOWS FROM INVESTING ACTIVITIES | ||||||
Purchases of property, plant and equipment | ||||||
- | - | - | - | 15,300 | ||
Purchases of intangible assets | ||||||
- | - | - | - | 2,100 | ||
Proceeds from sale of redundant site | ||||||
- | - | - | - | 0 | ||
Receipts from sales of property, plant and equipment | ||||||
- | - | - | - | 0 | ||
Cash received as compensation for insured assets | ||||||
- | - | - | - | 0 | ||
Investment in joint ventures and associates | ||||||
- | - | - | - | 4,200 | ||
Interest income received from joint ventures and associates | ||||||
- | - | - | - | 400 | ||
Net cash flows on purchase of businesses | ||||||
- | - | - | - | 0 | ||
Acquisition and disposal costs paid | ||||||
- | - | - | - | 0 | ||
NET CASH FLOWS FROM INVESTING ACTIVITIES | ||||||
- | - | - | - | -21,200 | ||
NET CASH FLOWS BEFORE FINANCING | ||||||
- | - | - | - | 31,600 | ||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||||
Bank interest received | ||||||
- | - | - | - | 200 | ||
(Repayment) / draw down on banking facilities | ||||||
- | - | - | - | 9,600 | ||
Dividends paid | ||||||
- | - | - | - | 10,800 | ||
ESOP cash movements | ||||||
- | - | - | - | 100 | ||
Proceeds from issue of shares | ||||||
- | - | - | - | 200 | ||
Treasury shares cash movements | ||||||
- | - | - | - | 1,900 | ||
NET CASH FLOWS FROM FINANCING ACTIVITIES | ||||||
- | - | - | - | -9,200 | ||
NET (DECREASE) / INCREASE IN CASH AND CASH EQUIVALENTS | ||||||
- | - | - | - | 22,400 | ||
Net foreign exchange differences | ||||||
- | - | - | - | -100 | ||