I. Analysis of movements in the Group's net debt in the period
| At
3 April
2020
£m | Cash
flow
£m | Other
non-cash
changes
£m | At
2 April
2021
£m |
| Cash and cash equivalents at bank and in hand | 115.3 | (48.3) | – | 67.0 |
| Debt due after one year | (179.1) | 180.0 | (0.9) | – |
| Total net debt excluding leases | (63.8) | 131.7 | (0.9) | 67.0 |
| Current lease liabilities | (83.2) | 95.9 | (76.1) | (63.4) |
| Non-current lease liabilities | (332.8) | – | 51.9 | (280.9) |
| Total lease liabilities | (416.0) | 95.9 | (24.2) | (344.3) |
| Total net debt | (479.8) | 227.6 | (25.1) | (277.3) |
| At
29 March
2019
£m | Cash flow
£m | Recognised
on adoption
of IFRS 16 | Other
non-cash
changes
£m | At
3 April
2020
£m |
| Cash and cash equivalents at bank and in hand | (7.4) | 122.7 | – | – | 115.3 |
| Debt due after one year | (63.8) | (115.0) | – | (0.3) | (179.1) |
| Total net debt excluding leases | (71.2) | 7.7 | – | (0.3) | (63.8) |
| Current lease liabilities | (1.3) | 87.7 | (79.4) | (90.2) | (83.2) |
| Non-current lease liabilities | (9.3) | – | (377.4) | 53.9 | (332.8) |
| Total lease liabilities | (10.6) | 87.7 | (456.8) | (36.3) | (416.0) |
| Total net debt | (81.8) | 95.4 | (456.8) | (36.6) | (479.8) |
Non-cash changes include finance costs in relation to the amortisation of capitalised debt issue costs of £1.1m (2020: £0.4m), additions of new leases, modifications to leases and foreign exchange movements and changes in classification between amounts due within and after one year.
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. Included within cash and cash equivalent is £6.4m (2020: £5.1m) held by the trustee of the Group's employee benefit trust in relation to the share scheme for employees (£5.1m) and 'Here to Help' fund (£1.3m). These funds are restricted and are not available to circulate within the Group on demand.