.

Part 2 : For preceding part double-click [nRnsJ7945Y]
pence pence pence

Basic and diluted (4.6) 1.0 (4.8)
Adjusted
Basic (0.6) 2.6 8.6
Diluted (0.6) 2.5 8.6



6 Movement in net borrowings


6 months to 30 June 2009 6 months to 30 June 2008 Year to 31 December 2008
£m £m £m
Change in net borrowings resulting from cash flows
(Decrease)/increase in cash and cash equivalents (1.4) (0.6) 0.5
Decrease/ (increase) in loans 0.1 (2.4) (5.7)


On acquisition of business (0.7) - (0.2)
Currency translation differences (0.2) 0.2 0.5
________ ________ ________
Increase in net borrowings (2.2) (2.8) (4.9)

Net borrowings at beginning of period (9.1) (4.2) (4.2)
________ ________ ________
Net borrowings at end of period (11.3) (7.0) (9.1)
________ ________ ________




Going concern

The Group's activities are funded by a combination of long term equity capital,
term loans, a revolving credit facility, short term invoice discounting and bank
overdraft facilities. The day to day operations are funded by cash generated
from trading and invoice discounting facilities. The Board has reviewed the
Group's profit and cash flow projections and applied sensitivities to the
underlying assumptions. These projections suggest that the Group will meet its
obligations as they fall due with the use of existing facilities.

The majority of the Group's overdraft facilities fall due for renewal at the end
of September each year and, based on informal discussions the Board has had with
its lenders, has no reason to believe that these facilities will not continue to
be available to the Group for the foreseeable future.

7 Share Capital

On 18 May 2009 the Group issued 10,000,000 ordinary shares at a price of 28
pence by way of a share placing and raised net funds of £2.7m after expenses.


This information is provided by RNS

The company news service from the London Stock Exchange

END

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