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Consolidated Statement of Cash Flows

Micro Focus International plc

for the year ended 30 April 2016


Note

2016
$'000

2015
$'000
Cash generated from operations 34 455,730 288,741
Interest paid (91,807) (50,482)
Tax (paid)/received (79,282) 1,798
Net cash generated from operating activities 284,641 240,057
Cash flows from investing activities
Payments for intangible assets 10 (34,488) (21,240)
Purchase of property, plant and equipment 12 (10,281) (4,972)
Costs associated with relisting on the LSE 39 - (723)
Interest received 1,009 320
Payment for acquisition of business 39 (9,960) -
Net cash acquired with acquisitions 39 106 165,946
Short-term investments - (2)
Net cash (used in)/generated from investing activities (53,614) 139,329
Cash flows from financing activities
Proceeds from issue of ordinary share capital 29 968 1,647
Proceeds from share capital placement   225,720 -
Costs associated with share placement   (2,979) -
Return of Value paid to shareholders 30 - (131,565)
Costs associated with the Return of Value   - (55)
Repayment of bank borrowings 20 (157,750) (522,000)
Repayment of bank borrowings on the acquisition of TAG 39 - (1,294,726)
Net proceeds from bank borrowings 20 245,000 1,903,625
Bank loan costs   (1,805) (40,174)
Dividends paid to owners 7 (105,159) (72,707)
Net cash generated from/(used in) financing activities 203,995 (155,955)
Effects of exchange rate changes (9,168) (14,907)
Net increase in cash and cash equivalents 425,854 208,524
Cash and cash equivalents at beginning of year 241,324 32,800
Cash and cash equivalents at end of year 18 667,178 241,324

Non-cash payments of $1,386.2m were made in the year ended 30 April 2015 in respect of the issue of shares relating to the acquisition of TAG (note 39).

Notes to the financial statements (PDF)

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