Consolidated statement of cash flows
for the period ended
Unaudited |
Unaudited |
Audited |
||
Cash flows from operating activities |
||||
Trading profit |
461.6 |
385.7 |
1 238.6 |
|
Depreciation and amortisation |
455.8 |
427.3 |
869.5 |
|
Share-based payments expense |
86.3 |
39.3 |
139.9 |
|
Movement in net operating lease liabilities |
52.8 |
52.9 |
78.8 |
|
Movement in provisions |
(0.4) |
(3.6) |
(7.1) |
|
Fair value adjustments |
(8.2) |
6.6 |
2.1 |
|
Cash generated before movements in working capital |
1 047.9 |
908.2 |
2 321.8 |
|
Movements in working capital |
1 254.5 |
941.0 |
150.1 |
|
Movements in trade and other payables |
1 998.2 |
981.0 |
938.3 |
|
Movements in inventory |
(553.7) |
(171.7) |
(672.6) |
|
Movements in trade and other receivables |
(190.0) |
131.7 |
(115.6) |
|
Cash generated by trading activities |
2 302.4 |
1 849.2 |
2 471.9 |
|
Interest received |
29.8 |
26.0 |
59.4 |
|
Interest paid |
(55.7) |
(59.9) |
(119.0) |
|
Cash generated by operations |
2 276.5 |
1 815.3 |
2 412.3 |
|
Dividends paid |
(471.8) |
(363.0) |
(457.1) |
|
Tax paid |
(151.0) |
(136.3) |
(284.5) |
|
Cash generated by operating activities |
1 653.7 |
1 316.0 |
1 670.7 |
|
Cash flows from investing activities |
||||
Investment in intangible assets |
(8.6) |
(67.6) |
(159.2) |
|
Investment in property, plant and equipment |
(546.8) |
(281.4) |
(897.3) |
|
Purchase of operations |
(65.8) |
(50.9) |
(50.9) |
|
Proceeds on disposal of intangible assets |
– |
1.6 |
4.7 |
|
Proceeds on disposal of property, plant and equipment |
14.7 |
27.8 |
57.3 |
|
Loans repaid/(advanced) |
4.8 |
(16.7) |
(8.6) |
|
Participation in export partnerships |
7.4 |
(1.8) |
1.7 |
|
Retirement obligation |
5.0 |
(6.8) |
60.9 |
|
Cash utilised in investing activities |
(589.3) |
(395.8) |
(991.4) |
|
Cash flows from financing activities |
||||
Proceeds from borrowings* |
1.8 |
400.0 |
400.0 |
|
Repayment of borrowings* |
(250.0) |
(1 103.6) |
(1 100.6) |
|
Share repurchases |
(61.8) |
(122.7) |
(177.9) |
|
Proceeds from employees on settlement of share options |
1.2 |
0.8 |
1.0 |
|
Cash utilised in financing activities |
(308.8) |
(825.5) |
(877.5) |
|
Net increase in cash and cash equivalents |
755.6 |
94.7 |
(198.2) |
|
Cash and cash equivalents at beginning of period |
674.6 |
870.3 |
870.3 |
|
Effect of exchange rate fluctuations on cash and cash equivalents |
10.7 |
0.4 |
2.5 |
|
Net cash and cash equivalents at end of period |
1 440.9 |
965.4 |
674.6 |
|
Consisting of: |
||||
Cash and cash equivalents |
1 440.9 |
1 285.4 |
1 174.6 |
|
Bank overdraft and overnight borrowings |
– |
(320.0) |
(500.0) |
|
*Borrowings raised/repaid for the 26-week period ended 31 August 2014 has been restated to be shown separately, in line with full year disclosures.