Cash flow statements
for the year ended 29 February 2012
|
GROUP |
|
|
COMPANY |
||||||
Notes |
 |
2012 |
 |
2011 |
|
2012 |
|
2011 |
||
Cash flows from operating activities |
||||||||||
Trading profit/(loss) |
1 267.5 |
1 417.7 |
(11.2) |
(1.1) |
||||||
Depreciation and amortisation |
808.1 |
733.3 |
— |
— |
||||||
Loss on sale of property, equipment and vehicles and intangible assets |
7.6 |
— |
— |
— |
||||||
Share options expense |
95.7 |
73.8 |
— |
— |
||||||
Net operating lease liability |
52.7 |
29.3 |
— |
— |
||||||
Cash generated/(utilised) before movements |
2 231.6 |
2 254.1 |
(11.2) |
(1.1) |
||||||
Movements in working capital |
490.3 |
(844.8) |
5.7 |
(6.7) |
||||||
Increase/(decrease) in trade and other payables |
1 030.4 |
(678.1) |
2.5 |
(3.5) |
||||||
Increase in inventory |
(172.2) |
(349.1) |
— |
— |
||||||
(Increase)/decrease in trade and other receivables |
(367.9) |
182.4 |
3.2 |
(3.2) |
||||||
 |
|
|
|
|
|
|
|
|
|
|
Cash generated by/(utilised in) trading activities |
2 721.9 |
1 409.3 |
(5.5) |
(7.8) |
||||||
Interest received |
39.5 |
39.5 |
16.5 |
— |
||||||
Interest paid |
(135.1) |
(111.0) |
(16.5) |
— |
||||||
Cash generated by/(utilised in) operations |
2 626.3 |
1 337.8 |
(5.5) |
(7.8) |
||||||
Dividends received |
— |
— |
847.4 |
810.4 |
||||||
Dividends paid |
(605.4) |
(808.0) |
(614.9) |
(825.0) |
||||||
Tax paid |
(462.1) |
(526.3) |
— |
(0.1) |
||||||
Net cash generated by/(utilised in) operating activities – continuing operations |
1 558.8 |
3.5 |
227.0 |
(22.5) |
||||||
Net cash (utilised in)/generated by operating activities – discontinued operation |
6 |
(330.4) |
13.9 |
— |
— |
|||||
Total net cash generated by/(utilised in) operating activities |
1 228.4 |
17.4 |
227.0 |
(22.5) |
||||||
Cash flows from investing activities |
||||||||||
Investment in property, equipment and vehicles |
(1 611.0) |
(1 245.7) |
— |
— |
||||||
Intangible asset additions |
(271.7) |
(82.5) |
— |
— |
||||||
Property additions |
(446.8) |
(289.2) |
— |
— |
||||||
Equipment and vehicle additions |
(889.9) |
(874.0) |
— |
— |
||||||
Aircraft additions |
(2.6) |
— |
— |
— |
||||||
Increase in investment in associate |
5 |
(102.5) |
— |
— |
— |
|||||
Purchase of operations |
(106.4) |
— |
— |
— |
||||||
Proceeds on disposal of property, equipment and vehicles and intangible assets |
44.5 |
21.9 |
— |
— |
||||||
Loans repaid/(advanced) |
9.4 |
34.5 |
(627.0) |
22.5 |
||||||
Net cash (utilised in)/generated by investing activities – continuing operations |
(1 766.0) |
(1 189.3) |
(627.0) |
22.5 |
||||||
Net cash generated by/(utilised in) investing activities – discontinued operation |
6 |
1 459.6 |
(151.4) |
— |
— |
|||||
Total net cash (utilised in)/generated by investing activities |
(306.4) |
(1 340.7) |
(627.0) |
22.5 |
||||||
Cash flows from financing activities |
||||||||||
Debt raised/(repaid) |
787.5 |
(32.5) |
400.0 |
— |
||||||
Share repurchases |
(42.7) |
(90.2) |
— |
— |
||||||
Proceeds from employees on settlement of share options |
31.1 |
25.1 |
— |
— |
||||||
Net cash generated by/(utilised in) financing activities – continuing operations |
775.9 |
(97.6) |
400.0 |
— |
||||||
Net cash generated by financing activities – discontinued operation |
6 |
— |
10.0 |
— |
— |
|||||
Total net cash generated by/(utilised in) financing activities |
775.9 |
(87.6) |
400.0 |
— |
||||||
Net increase/(decrease) in cash and cash equivalents |
1 697.9 |
(1 410.9) |
— |
— |
||||||
Cash and cash equivalents at 1 March |
(431.8) |
1 055.3 |
— |
— |
||||||
Effect of exchange rate fluctuations on cash and cash equivalents |
5.6 |
(76.2) |
— |
— |
||||||
Cash and cash equivalents at end February |
1 271.7 |
(431.8) |
— |
— |
||||||
|
|
|
|
|
|
|
|
|
|
|
Continuing operations |
1 271.7 |
(547.4) |
||||||||
Discontinued operation |
— |
115.6 |
||||||||
|
|
|
|
|
|
|
|
|
|
|
