28 Cash flows from operating activities

Group

Company

2009

£’000

2008

£’000

2009

£’000

2008

£’000

(Loss)/profit before tax

(4,038)

1,574

(1,505)

149

Finance income

(131)

(447)

(1,214)

(1,462)

Finance costs

1,433

741

835

466

Share based payments

487

678

163

118

Depreciation

493

572

–

–

Amortisation of intangible assets

2,084

1,483

68

68

Impairment charges

915

381

423

1,985

Non-cash licence agreements

(5,363)

–

–

–

Partial waiver of loan account

–

–

795

571

Loss/(profit) on disposal of property, plant & equipment

56

(15)

–

–

Loss/(profit) on sale of product rights

102

(35)

–

–

Increase/(decrease) in provision for doubtful debts

1,268

(696)

–

–

Increase in provisions – net of finance costs provision

465

–

–

–

Exchange gains

(2,304)

(4,424)

(1,727)

(4,057)

Changes in working capital (excluding effects of acquisitions)

(4,533)

(188)

(2,162)

(2,162)

(Increase)/decrease in inventories

(192)

(888)

–

–

Decrease/(increase) in receivables

4,419

(4,528)

(185)

(2,311)

(Decrease)/increase in payables

(989)

2,676

485

(214)

Increase/(decrease) in deferred income

70

(322)

–

–

Net cash outflow from operations

(1,225)

(3,250)

(1,862)

(4,687)