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Cash flow statement

Group cash flow statement
for the year ended 31 March 2016

  2016
£m
2015
£m
Cash flows from operating activities    
Profit before tax 34.9 96.1
Depreciation and other amortisation 29.6 30.5
Loss on disposal/write-off of non-current assets 15.6 0.2
Equity-settled transactions 2.9 1.5
Finance income and expense 5.2 5.1
Non-cash movement on investment in associate (0.1) (0.2)
Operating cash flow before changes in working capital, interest and taxes 88.1 133.2
Decrease (Increase) in inventories 22.1 (23.3)
Increase in trade and other receivables (6.6) (8.2)
(Decrease) increase in trade and other payables (10.8) 10.8
Increase in provisions 8.1 0.7
Cash generated from operations 100.9 113.2
Interest received 2.3 2.0
Interest paid (7.5) (7.1)
Income tax paid (20.2) (21.6)
Net cash from operating activities 75.5 86.5
     
Cash flows from investing activities    
Capital expenditure (28.9) (37.6)
Proceeds from sale of property, plant and equipment - 0.1
Net cash used in investing activities (28.9) (37.5)
     
Free cash flow 46.6 49.0
     
Cash flows from financing activities  
Proceeds from the issue of share capital 1.7 0.4
Purchase of own shares (2.3) (0.6)
Loans drawn down 63.6 25.1
Loans repaid (54.5) -
Equity dividends paid (51.6) (51.6)
Net cash used in financing activities (43.1) (26.7)
     
Net increase in cash and cash equivalents 3.5 22.3
Cash and cash equivalents at the beginning of the period 5.5 (15.1)
Effects of exchange rate fluctuations on cash (0.7) (1.7)
Cash and cash equivalents at the end of the year 8.3 5.5
     
Headline free cash flow
   
Free cash flow
46.6
49.0
Reorganisation costs
16.0
3.3
  62.6
52.3

 

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