Cashflow statement

Consolidated statement of cash flows

for the 52 weeks ended 27 November 2016


52 weeks
ended
27 November
2016
£m
52 weeks
ended
29 November
2015
£m
Cash flows from operating activities    
Profit before tax 12.1 11.9
Adjustments for:    
— Depreciation, amortisation and impairment losses 61.0 60.1
— Movement in provisions 0.6 3.2
— Share of profit in joint venture (2.1) (2.3)
— Share-based payments charge 6.4 7.8
— Net finance costs 9.5 9.5
Changes in working capital:    
— Movement in inventories (9.2) (2.3)
— Movement in trade and other receivables 2.5 (19.1)
— Movement in trade and other payables 25.2 23.7
Cash generated from operations 106.0 92.5
Interest paid (9.1) (9.7)
Net cash flows from operating activities 96.9 82.8
Cash flows from investing activities    
Purchase of property, plant and equipment (85.3) (70.7)
Purchase of intangible assets (38.6) (28.4)
Dividend received from joint venture 8.4 8.1
Interest received 0.2 0.2
Net Cash Flows from Investing Activities (115.3) (90.8)
Cash Flows from Financing Activities    
Proceeds from the issue of ordinary share capital net of transaction costs 1.1 4.5
Proceeds from borrowings 61.3 8.2
Repayment of borrowings (11.5) (5.6)
Repayments of obligations under finance leases (26.4) (26.9)
Payment of financing fees (1.2) (2.5)
Settlement of cash flow hedges 0.2 (0.2)
Net cash flows from financing activities 23.5 (22.5)
Net increase/(decrease) in cash and cash equivalents 5.1 (30.5)
Cash and cash equivalents at the beginning of the period 45.8 76.3
Cash and cash equivalents at the end of the period 50.9 45.8