Consolidated Statement of Cash Flows


Notes52 weeks to
30 March
2012
£m
52 weeks to
1 April
2011
£m
Cash flows from operating activities


Profit after tax for the period before non-recurring items
67.4 90.9
Non-recurring items
1.0 (5.4)
Profit after tax for the period
68.4 85.5
Depreciation — property, plant and equipment
21.1 20.4
Amortisation — intangible assets
4.9 4.6
Foreign exchange (gain)/loss
(0.5) 0.5
Net finance costs
5.0 2.5
Loss on disposal of property, plant and equipment
1.2 0.1
Equity-settled share-based payment transactions
2.4 2.4
Fair value (gain)/loss on derivative financial instruments
(0.9) 0.6
Income tax expense
25.7 32.6




Decrease/(increase) in inventories
0.9 (9.1)
(Increase)/decrease in trade and other receivables
(3.0) 0.8
Increase in trade and other payables
0.2 11.1
Decrease in provisions
(6.6) (5.8)




Finance income received
0.4 1.5
Finance costs paid (4.9) (3.6)
Income tax paid
(24.6) (25.7)
Net cash from operating activities
89.7 118.4
Cash flows from investing activities


Acquisition of subsidiary undertaking, net of cash acquired 16 (0.7) (1.9)
Purchase of intangible assets
(2.1) (2.6)
Purchase of property, plant and equipment
(17.2) (19.5)
Net cash used in investing activities
(20.0) (24.0)
Cash flows from financing activities


Net proceeds from exercise of share options
2.1 4.5
Purchase of own shares
(62.7)
Proceeds from loans, net of transaction costs
353.0 86.4
Repayment of borrowings
(302.1) (180.0)
Payment of finance lease liabilities
(0.3) (0.2)
Dividends paid
(44.2) (46.2)
Net cash used in financing activities
(54.2) (135.5)
Net increase/(decrease) in cash and bank overdrafts I. 15.5 (41.1)
Cash and cash equivalents at the beginning of the period
(4.6) 36.5
Cash and cash equivalents at the end of the period I. 10.9 (4.6)

The Notes to the Financial Statements are an integral part of these consolidated financial statements.

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