Cash Flow

	2009 £’000	2008 £’000
Operating activities
Loss after tax	(2,574)	(2,838)
Depreciation	91	148
Amortisation	404	274
Share-based payment	150	179
Increase in receivables	(1,342)	(1,063)
Increase in payables	2,595	3,402
Foreign exchange differences	(145)	(524)
Finance income	105	21
Share of loss from associated undertakings	135	343
Loss on disposal of property, plant and equipment	2	-
Tax charge	27	41
Net cash flow from operations	(552)	(17)
Investing activities
Purchase of property, plant and equipment	(29)	(104)
Purchase of shares in associated undertakings	-	-
Consideration for disposal of subsidiary (net of cash disposed)	-	-
Disposal of subsidiary net assets	-	-
Purchase of intangible assets	-	-
Interest received	4	4
Net cash used in investing activities	(25)	(100)
Financing activities
Issue of ordinary share capital	255	-
Share premium on the Issue of ordinary share	1,020	-
Issue of Convertible Loan Notes	500	-
Interest paid	(109)	(25)
Net cash (used)/generated from financing activities	1,666	(25)
Net (decrease)/increase in cash and cash equivalents	1,089	(142)
Cash and cash equivalents at start of period	528	670
Cash and cash equivalents at end of period	1,617	528

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