For the 53 weeks ending 30 April 2011
| |
Group
2011
£m |
Group
2010
£m |
Company
2011
£m |
Company
2010
£m |
| Cash flows from operating activities |
|
|
|
|
| Profit (loss) before tax – continuing operations |
2.6 |
67.3 |
(439.4) |
(32.9) |
| (Loss) profit before tax – discontinued operations |
(110.8) |
1.6 |
– |
– |
| Net finance costs |
10.4 |
6.2 |
11.9 |
6.7 |
| Share of post-tax losses (profits) of associates and joint ventures |
1.0 |
(0.3) |
– |
– |
| Depreciation |
39.7 |
43.4 |
– |
– |
| Amortisation |
0.3 |
0.1 |
– |
– |
| Net impairment charges |
122.7 |
2.0 |
422.4 |
25.0 |
| Profit on disposal of property, plant and equipment |
(0.2) |
(0.9) |
– |
– |
| Equity-settled share-based payment charge |
0.5 |
(1.5) |
0.1 |
(0.6) |
| Pension contributions less income statement |
(3.7) |
(2.4) |
(3.9) |
(2.0) |
| |
62.5 |
115.5 |
(8.9) |
(3.8) |
| Movement in inventories |
34.6 |
(29.6) |
– |
– |
| Movement in trade and other receivables |
(14.9) |
(6.0) |
(8.7) |
(0.1) |
| Movement in trade and other payables |
(116.4) |
3.4 |
(3.4) |
1.4 |
| Movement in provisions |
18.5 |
(1.8) |
2.6 |
– |
| Cash generated from operations |
(15.7) |
81.5 |
(18.4) |
(2.5) |
| Income tax (paid) received |
(16.2) |
(15.6) |
8.4 |
5.6 |
| Net cash flows from operating activities |
(31.9) |
65.9 |
(10.0) |
3.1 |
| |
|
|
|
|
| Cash flows from investing activities |
|
|
|
|
| Purchase of property, plant and equipment |
(28.2) |
(39.9) |
– |
– |
| Proceeds from sale of property, plant and equipment |
0.2 |
1.1 |
– |
– |
| Interest received |
0.2 |
0.4 |
3.9 |
7.8 |
| Repayment of loan by joint venture |
– |
4.5 |
– |
4.5 |
| Payments to acquire investments in joint ventures |
(2.1) |
(8.1) |
(2.1) |
– |
| Payments to acquire subsidiary |
– |
(47.0) |
– |
(47.0) |
| Cash acquired with subsidiary |
– |
7.8 |
– |
– |
| Payments to non-controlling interests |
(0.9) |
– |
– |
– |
| Other movements in non-controlling interests |
(0.6) |
– |
– |
– |
| Dividends received from subsidiaries |
– |
– |
20.0 |
20.0 |
| Net cash flows from investing activities |
(31.4) |
(81.2) |
21.8 |
77.5 |
| |
|
|
|
|
| Cash flows from financing activities |
|
|
|
|
| Movements in funding |
105.2 |
35.0 |
106.0 |
34.8 |
| Movement in intercompany funding |
– |
– |
(94.2) |
(12.5) |
| Costs of raising debt |
(2.9) |
(0.2) |
(2.9) |
– |
| Purchase of own shares |
– |
(0.3) |
– |
– |
| Interest paid |
(9.1) |
(5.1) |
(13.8) |
(15.2) |
| Equity dividends paid to shareholders |
(27.5) |
(31.2) |
(27.5) |
(31.2) |
| Repayment of capital element of finance leases |
(1.0) |
(0.9) |
– |
– |
| Net cash flows from financing activities |
64.7 |
(2.7) |
(32.4) |
(24.4) |
| |
|
|
|
|
| Net increase (decrease) in cash and cash |
1.4 |
(18.0) |
(20.6) |
56.2 |
| Opening cash and cash equivalents |
27.3 |
45.5 |
42.0 |
(14.2) |
| Effect of exchange rate changes |
(0.3) |
(0.2) |
– |
– |
| Closing cash and cash equivalents |
28.4 |
27.3 |
21.4 |
42.0 |
View this table in the 2011 Annual Report
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