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Consolidated cash flow statement
for the 53 weeks ended 3 February 2007
| 53 weeks ended 3 February 2007 £m |
52 weeks ended 28 January 2006 £m |
52 weeks ended 29 January 2005 £m |
Notes | |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Profit before tax | 213.2 | 200.4 | 203.9 | |
| Adjustments for: | ||||
| Finance income | (10.0) | (3.6) | (3.0) | |
| Finance expense | 18.2 | 11.4 | 11.6 | |
| Depreciation of property, plant and equipment | 49.0 | 45.0 | 41.5 | |
| Amortisation of intangible assets | 1.3 | 1.2 | 0.2 | |
| Other non-cash movements | 2.4 | 4.9 | 4.5 | |
| Loss on disposal of property, plant and equipment | 0.4 | – | – | |
| Operating cash flows before movements in working capital | 274.5 | 259.3 | 258.7 | |
| Increase in inventories | (62.8) | (72.8) | (52.3) | |
| Increase in receivables | (54.0) | (51.4) | (44.5) | |
| Increase in payables | 24.5 | 53.0 | 10.7 | |
| Cash generated from operations | 182.2 | 188.1 | 172.6 | |
| Interest paid | (16.7) | (11.4) | (11.6) | |
| Taxation paid | (69.2) | (64.7) | (56.5) | |
| Net cash from operating activities | 96.3 | 112.0 | 104.5 | |
| Investing activities: | ||||
| Interest received | 9.0 | 2.4 | 1.8 | |
| Purchase of property, plant and equipment | (62.2) | (70.4) | (70.5) | |
| Purchase of intangible assets | (4.0) | (5.5) | – | |
| Proceeds from sale of property, plant and equipment | 2.4 | 7.5 | 0.2 | |
| Net cash flows from investing activities | (54.8) | (66.0) | (68.5) | |
| Financing activities: | ||||
| Dividends paid | (57.8) | (52.7) | (43.8) | |
| Proceeds from issue of shares | 4.1 | 3.9 | 7.3 | |
| Purchase of own shares | (33.7) | (2.0) | (9.5) | |
| Decrease in borrowings falling due within one year | (132.1) | (46.6) | (14.5) | 18 |
| Increase in borrowings falling due in more than one year | 204.4 | – | – | 18 |
| Net cash flows from financing activities | (15.1) | (97.4) | (60.5) | |
| Cash and cash equivalents at beginning of period | 52.5 | 102.4 | 128.0 | |
| Increase/(decrease) in cash and cash equivalents | 26.4 | (51.4) | (24.5) | |
| Exchange adjustments | (1.6) | 1.5 | (1.1) | |
| Cash and cash equivalents at end of period | 77.3 | 52.5 | 102.4 | 18 |
Reconciliation of net cash flow to movement in net debt
| 53 weeks ended 3 February 2007 £m |
52 weeks ended 28 January 2006 £m |
52 weeks ended 29 January 2005 £m |
Notes | |
|---|---|---|---|---|
| Net debt at beginning of period | (98.6) | (83.5) | (79.9) | |
| Increase/(decrease) in cash and cash equivalents | 26.4 | (51.4) | (24.5) | |
| Decrease in borrowings falling due within one year | 132.1 | 46.6 | 14.5 | |
| Increase in borrowings falling due in more than one year | (204.4) | – | – | |
| Exchange adjustments | 26.1 | (10.3) | 6.4 | |
| Net debt at end of period | (118.4) | (98.6) | (83.5) | 18 |