Cash flows from operating activities | | | |
Profit after tax for the period, before non-recurring items | | 53.8 | 67.4 |
Non-recurring items | | (1.1) | 1.0 |
Profit after tax for the period | | 52.7 | 68.4 |
Depreciation — property, plant and equipment | | 19.9 | 21.1 |
Impairment charge | | 0.8 | — |
Amortisation — intangible assets | | 5.4 | 4.9 |
Foreign exchange gains | | — | (0.5) |
Net finance costs | | 6.1 | 5.0 |
Loss on disposal of property, plant and equipment | | 1.7 | 1.2 |
Equity-settled share based payment transactions | | 0.1 | 2.4 |
Fair value gains on derivative financial instruments | | (0.9) | (0.9) |
Income tax expense | | 18.3 | 25.7 |
| | | |
Decrease in inventories | | 13.5 | 0.9 |
Increase in trade and other receivables | | (8.9) | (3.0) |
Increase in trade and other payables | | 6.6 | 0.2 |
Increase/(decrease) in provisions | | 0.3 | (6.6) |
| | | |
Finance income received | | 0.3 | 0.4 |
Finance costs paid | | (4.2) | (4.9) |
Income tax paid | | (18.2) | (24.6) |
Net cash from operating activities | | 93.5 | 89.7 |
| | | |
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 options | | 0.8 | 2.1 |
Purchase of own shares | | (0.9) | (62.7) |
Proceeds from loans, net of transaction costs | | 202.0 | 353.0 |
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 overdrafts | I. | (7.0) | 15.5 |
Cash and cash equivalents at the beginning of the period | | 10.9 | (4.6) |
Cash and cash equivalents at the end of the period | I. | 3.9 | 10.9 |