Group Cash Flow Statement

For the period ended 26 March 2016

View De La Rue 2015/16 Final Results to 26 March 2016

 
Notes
2016
£m
2015
£m
Cash flows from operating activities      
Profit before tax   20.8 38.9
Adjustments for:      
Finance income and expense   12.1 11.9
Depreciation   23.0 23.0
Amortisation   3.2 1.8
Decrease in inventory   5.0 5.7
(Increase)/decrease in trade and other receivables   (2.0) 0.1
Increase/(decrease) in trade and other payables   11.4 (5.4)
Increase/(decrease) in reorganisation provisions   0.4 (0.3)
Special pension fund contributions   (19.1) (18.6)
(Profit)/loss on disposal of property, plant, equipment and software intangibles   (7.6) 2.2
Asset impairment   10.8 3.8
Other non-cash movements   0.9 0.5
Cash generated from operating activities   63.6 63.6
Tax paid   (4.7) (9.3)
Net cash flows from operating activities   54.2 54.3
Cash flows from investing activities      
Purchases of property, plant, equipment and software intangibles   (25.0) (28.8)
Development assets capitalised   (3.0) (5.1)
Proceeds from sale of property, plant and equipment   9.9 0.2
Net cash flows from investing activities   (18.1) (33.7)
Net cash flows before financing activities   36.1 20.6
Cash flows from financing activities      
Proceeds from issue of share capital   0.3 0.4
Proceeds from/(repayments of) borrowings   3.6 (6.8)
Interest received   0.1 0.2
Interest paid   (4.2) (4.8)
Dividends paid to shareholders   (25.3) (36.8)
Dividends paid to non-controlling interests   (0.3) (0.2)
Net cash flows from financing activities   (25.8) (48.0)
Net increase/(decrease) in cash and cash equivalents in the year   (10.3) (27.4)
Cash and cash equivalents at the beginning of the year   28.9 56.2
Exchange rate effects   (1.3) 0.1
Cash and cash equivalents at the end of the year   37.9 28.9
Cash and cash equivalents consist of:      
Cash at bank and in hand 8 40.5 28.6
Short term bank deposits 8 - 2.2
Bank overdrafts 8 (2.6) (1.9)
  8 37.9 28.9

Notes to the above table