Statement of total recognised gains and losses		2000	1999	1999
For the period ended 30 June 2000		Half year	Half year
		unaudited	unaudited	audited
		£'000	£'000	£'000
Profit for the financial period		11,158	4,392	11,366
Currency translation differences on foreign currency net investments		1,213	2,986	3,377
Total gains and losses recognised since last accounts		12,371	7,378	14,743

Consolidated cash flow statement		2000	1999	1999
For the period ended 30 June 2000		Half year	Half year
		unaudited	unaudited	audited
	Notes	£'000	£'000	£'000
Net cash in flow from operating activities	3	24,166	15,252	31,769
Return on investments and servicing of finance		(2,564)	(1,781)	(4,057)
Taxation		(3,041)	(648)	(8,970)
Capital expenditure		(3,164)	(4,880)	(8,273)
Acquisitions and disposals		(12,195)	(10,766)	(55,315)
Merger expenses paid		-	(2,632)	(2,506)
Equity dividends paid		(5,465)	(4,806)	(7,526)
Cash outflow before financing		(2,263)	(10,261)	(54,878)
Financing		700	12,226	54,945
(Decrease)/increase in cash in the period		(1,563)	1,965	67

Reconciliation of net cash flow to		2000	1999	1999
movement in net debt
		Half year	Half year
For the period ended 30 June 1500		unaudited	unaudited	audited
	Notes	£'000	£'000	£'000
(Decrease)/increase in cash in the period		(1,563)	1,965	67
Cash inflow from increase in debt financing		(1,386)	(11,724)	(55,268)
Change in net debt resulting from cash flows		(2,949)	(9,759)	(55,201)
Reclassification of debt		-	-	(3,500)
Translation differences		726	1,957	3,060
Movement in net debt in the period		(2,223)	(7,802)	(55,641)
Net debt at the start of the period	4	(91,340)	(35,699)	(35,699)
Net debt at the end of the period	4	(93,563)	(43,501)	(91,340)

Consolidated balance sheet		2000	1999	1999
At 30 June 2000		30 June	31 December	30 June
		unaudited	audited	unaudited
	Notes	£'000	£'000	£'000
Fixed assets
Intangible assets		110,964	98,810	46,762
Tangible assets		14,917	13,273	11,844
Investments		3,162	1,042	-
		129,043	113,125	58,606
Current assets
Stocks		5,318	6,284	4,929
Debtors		48,054	44,940	36,055
Cash at bank and in hand	4	4,730	5,096	6,304
		58,102	56,320	47,288
Creditors: amounts falling due within one year		(107,018)	(106,010)	(83,431)
Net current liabilities		(48,916)	(49,690)	(36,143)
Total assets less net current liabilities		80,127	63,435	22,463
Creditors: amounts falling due after more than one year		(96,798)	(91,119)	(53,751)
Provisions for liabilities and charges		(1,453)	(1,275)	(91)
Minority interests		(64)	(44)	(4)
Net liabilities		(18,188)	(29,003)	(31,383)
Capital and reserves
Called up share capital		11,782	11,696	11,55%
Share premium account		66,758	65,409	65,769
Special reserve		2	12	102
Other reserve		37,398	37,398	36,832
Profit and loss account		(134,128)	(143,518)	(145,681)
Deficit on shareholders' funds - equity		(18,188)	(29,003)	(31,383)

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