Cash flows from operating activities | | | |
Profit after tax for the period, before non-underlying items | | 82.1 | 46.7 |
Non-underlying items | | (28.9) | (29.2) |
Profit after tax for the period | | 53.2 | 17.5 |
Depreciation – property, plant and equipment | 12 | 21.0 | 24.3 |
Impairment – property, plant and equipment | 12 | 2.8 | 5.4 |
Amortisation and impairment of right-of-use assets | 14 | 81.8 | 83.0 |
Amortisation – intangible assets | 11 | 12.9 | 11.4 |
Net finance costs | 6 | 15.0 | 13.6 |
Loss on disposal of property, plant and equipment and intangibles | 3 | 1.7 | 2.8 |
Equity-settled share-based payment transactions | | 6.4 | 1.0 |
Exchange movement | | 2.1 | (2.0) |
Income tax expense | | 11.3 | 1.9 |
Decrease in inventories | | 35.0 | 3.9 |
Increase in trade and other receivables* | | (26.2) | (1.0) |
Increase in trade and other payables* | | 40.2 | 35.4 |
Increase/(decrease) in provisions* | | 25.7 | (0.7) |
Income tax paid | | (10.8) | (16.3) |
Net cash from operating activities | | 272.1 | 180.2 |
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 received | | – | 0.3 |
Finance costs paid | | (5.5) | (2.2) |
Payment of loan following acquisition | | – | (1.8) |
Proceeds from loans, net of transaction costs | | – | 1,377.0 |
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 paid | 8 | – | (36.6) |
Net cash used in financing activities | | (281.4) | (13.0) |
Net (decrease)/increase in cash and bank overdrafts | I. | (48.3) | 122.7 |
Cash and cash equivalents at the beginning of the period | | 115.3 | (7.4) |
Cash and cash equivalents at the end of the period | I. | 67.0 | 115.3 |