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Group Cash Flow Statement

For the period ended 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