Menu

Cash flow statement

Group cash flow statement
for the year ended 31 March 2017

  2017
£m

2016
£m
Cash flows from operating activities    
Profit before tax 127.1
34.9
Depreciation and other amortisation 29.2
29.6
Loss on disposal of non-current assets 0.9
15.6
Equity-settled transactions 3.7
2.9
Net finance expense 5.2
5.2
Non-cash movement on investment in associate (0.3)
(0.1)
Operating cash flow before changes in working capital, interest and taxes 165.8
88.1
(Increase) Decrease in inventories (17.3)
22.1
(Increase) in trade and other receivables (29.2) (6.6)
Increase (Decrease) in trade and other payables 50.1
(10.8)
(Decrease) Increase in provisions and other liabilities (9.3)
8.1
Cash generated from operations 160.1
100.9
Interest received 4.4
2.3
Interest paid (9.3)
(7.5)
Income tax paid (27.5)
(20.2)
Net cash from operating activities 127.7
75.5
Cash flows from investing activities    
Capital expenditure (19.0)
(28.9)
Proceeds from sale of property, plant and equipment 3.9
-
Net cash used in investing activities (15.1)
(28.9)
Free cash flow 112.6
46.6
     
Cash flows from financing activities    
Proceeds from the issue of share capital 1.1
1.7
Purchase of own shares (1.3)
(2.3)
Loans drawn down -
63.6
Loans repaid (47.6)
(54.5)
Equity dividends paid (51.7)
(51.6)
Net cash used in financing activities (99.5)
(43.1)
     
Net increase in cash and cash equivalents 13.1
3.5
Cash and cash equivalents at the beginning of the period 8.3
5.5
Effects of exchange rate fluctuations on cash -
(0.7)
Cash and cash equivalents at the end of the period 21.4
8.3
     
Headline free cash flow
   
Free cash flow
112.6
46.6
Net reorganisation cash flow
5.1
16.0
  117.7
62.6

 

David Egan 2017 Full-year Results

David Egan, Group Finance Director, reviews the financial performance over the past 12 months.

Investor updates

Sign up to receive investor alerts via email.

Sign up

No.1

International high-service distributor

About our strategy

Measuring our success