Group cash flow statement year ended 31 March 2010

	Notes	2010 £000	2009 £000
Net cash from operating activities	36	48,295	65,482

Investing activities
Interest received		191	1,353
Dividend from joint venture		3,255	—
Proceeds on disposal of property, plant and equipment		1,329	1,104
Purchases of intangible assets	15	(21,624)	(13,210)
Purchases of property, plant and equipment	16	(5,022)	(4,065)
Net cash outflow on acquisitions	34	(25,541)	(23,380)
Disposal of subsidiary undertakings		(241)	—
Acquisition of investment in joint venture	18	(223)	(731)
Net cash used in investing activities		(47,876)	(38,929)

Financing activities
Dividends paid	12	(23,180)	(20,415)
Issue of shares from the employee benefit trust		1,453	2,010
Proceeds on issue of share capital	26	2,667	999
Increase/(decrease) in bank loans	22	23,000	(35,000)
Net cash from/(used in) financing activities		3,940	(52,406)

Net increase/(decrease) in cash and cash equivalents		4,359	(25,853)
Cash and cash equivalents at beginning of year		21,345	47,198
Effect of foreign exchange rate changes		(295)	—
Cash and cash equivalents at end of year		25,409	21,345