Cash flow from operating activities
Net cash from operating activities266,6004,166
Cash flow from investing activities
Acquisition of businesses, net of cash acquired24(11,798)(3,677)
Acquisition of property, plant and equipment13(1,802)(858)
Proceeds from sale of property, plant and equipment2252
Payment of deferred and contingent consideration(1,649)(1,031)
Net cash used in investing activities(15,227)(5,514)
Cash flows from financing activities
Net proceeds from issue of share capital9,531
Repayment of long term borrowings(857)(857)
Net change in short term borrowings3,0007,000
Repayment of finance lease liabilities(58)(37)
Interest received61
Interest paid(476)(302)
Repayment of loan by EBT722
Dividends paid8(2,877)(2,287)
Net cash generated from/(used in) financing activities8,9913,518
Net change in cash and cash equivalents3642,170
Cash and cash equivalents at start of year3,8241,725
Exchange differences on cash and cash equivalents11(71)
Cash and cash equivalents at end of year17, 184,1993,824
Cash and cash equivalents174,5883,824
Bank overdraft18(389)
Cash and cash equivalents at end of year4,1993,824

Reconciliation of liabilities arising from financing activities

The changes in the Group's liabilities arising from financing activities can be classified as follows:

Long term borrowings
Short term borrowings
Lease liabilities
At 1 January 20174,00012,85711216,969
Cash flows:
Non cash:
At 31 December 20174,00015,00015919,159

Company number: 09010518