Consolidated Statement of Cash Flows

Notes52 weeks to
29 March
52 weeks to
30 March
Cash flows from operating activities
Profit after tax for the period, before non-recurring items53.867.4
Non-recurring items(1.1)1.0
Profit after tax for the period52.768.4
Depreciation — property, plant and equipment19.921.1
Impairment charge0.8
Amortisation — intangible assets5.44.9
Foreign exchange gains(0.5)
Net finance costs6.15.0
Loss on disposal of property, plant and equipment1.71.2
Equity-settled share based payment transactions0.12.4
Fair value gains on derivative financial instruments(0.9)(0.9)
Income tax expense18.325.7
Decrease in inventories13.50.9
Increase in trade and other receivables(8.9)(3.0)
Increase in trade and other payables6.60.2
Increase/(decrease) in provisions0.3(6.6)
Finance income received0.30.4
Finance costs paid(4.2)(4.9)
Income tax paid(18.2)(24.6)
Net cash from operating activities93.589.7
Cash flows from investing activities
Acquisition of subsidiary undertaking, net of cash acquired(0.7)
Purchase of intangible assets(3.7)(2.1)
Purchase of property, plant and equipment(16.7)(17.2)
Net cash used in investing activities(20.4)(20.0)
Cash flows from financing activities
Net proceeds from exercise of share options0.82.1
Purchase of own shares(0.9)(62.7)
Proceeds from loans, net of transaction costs202.0353.0
Repayment of borrowings(239.0)(302.1)
Payment of finance lease liabilities(0.3)(0.3)
Dividends paid(42.7)(44.2)
Net cash used in financing activities(80.1)(54.2)
Net (decrease)/increase in cash and bank overdraftsI.(7.0)15.5
Cash and cash equivalents at the beginning of the period10.9(4.6)
Cash and cash equivalents at the end of the periodI.3.910.9

The notes are an integral part of these consolidated financial statements.