Notes52 weeks to
2 April
52 weeks to
3 April
Cash flows from operating activities
Profit after tax for the period, before non-underlying items82.146.7
Non-underlying items(28.9)(29.2)
Profit after tax for the period53.217.5
Depreciation – property, plant and equipment1221.024.3
Impairment – property, plant and equipment122.85.4
Amortisation and impairment of right-of-use assets1481.883.0
Amortisation – intangible assets1112.911.4
Net finance costs615.013.6
Loss on disposal of property, plant and equipment and intangibles31.72.8
Equity-settled share-based payment transactions6.41.0
Exchange movement2.1(2.0)
Income tax expense11.31.9
Decrease in inventories35.03.9
Increase in trade and other receivables*(26.2)(1.0)
Increase in trade and other payables*40.235.4
Increase/(decrease) in provisions*25.7(0.7)
Income tax paid(10.8)(16.3)
Net cash from operating activities272.1180.2
Cash flows from investing activities
Acquisition of subsidiary, net of cash acquired(11.5)(10.9)
Purchase of intangible assets(11.8)(12.5)
Purchase of property, plant and equipment(15.7)(21.1)
Net cash used in investing activities(39.0)(44.5)
Cash flows from financing activities
Finance income received0.3
Finance costs paid(5.5)(2.2)
Payment of loan following acquisition(1.8)
Proceeds from loans, net of transaction costs1,377.0
Repayment of borrowings(180.0)(1,262.0)
Interest paid on lease liabilities*(10.0)(11.3)
Payment of capital element of leases*(85.9)(76.4)
Dividends paid8(36.6)
Net cash used in financing activities(281.4)(13.0)
Net (decrease)/increase in cash and bank overdraftsI.(48.3)122.7
Cash and cash equivalents at the beginning of the period115.3(7.4)
Cash and cash equivalents at the end of the periodI.67.0115.3

Cash and cash equivalents at the period end consist of £67.2m (2020: £115.5m) of liquid assets and £0.2m (2020: £0.2m) of bank overdrafts.

* Adjustment to reported 3 April 2020 results. See note 30.

The Notes to the Financial Statements are an integral part of these consolidated financial statements.