GROUP statement of cash flows for the period ended
|
52 weeks |
Restated* |
|
Cash flows from operating activities |
|
|
|
Trading profit |
1 516.3 |
1 240.1 |
|
Amortisation |
162.5 |
155.0 |
|
Depreciation |
778.4 |
714.5 |
|
Equity settled share-based payment expense |
176.5 |
124.1 |
|
Movement in net operating lease liabilities |
13.0 |
34.9 |
|
Movement in provisions |
(0.8) |
(7.1) |
|
Fair value loss/(gain) on financial instruments at fair value through profit or loss |
11.1 |
(27.2) |
|
Cash generated before movements in working capital |
2 736.3 |
2 313.1 |
|
Movements in working capital |
728.7 |
219.5 |
|
Movements in trade and other payables |
1 610.9 |
1 006.6 |
|
Movements in inventory |
(492.4) |
(672.6) |
|
Movements in trade and other receivables |
(389.8) |
(114.5) |
|
|
|
|
|
Cash generated from trading activities |
3 465.0 |
2 532.6 |
|
Interest received |
60.9 |
59.4 |
|
Interest paid |
(117.0) |
(119.0) |
|
Cash generated from operations |
3 408.9 |
2 473.0 |
|
Dividends paid |
(589.5) |
(461.8) |
|
Tax paid |
(335.8) |
(284.5) |
|
Cash generated from operating activities |
2 483.6 |
1 726.7 |
|
Cash flows from investing activities |
|
|
|
Investment in intangible assets |
(85.7) |
(159.2) |
|
Investment in property, plant and equipment |
(1 623.1) |
(897.3) |
|
| Investment in financial instruments at fair value | (16.1) | (22.2) | |
Purchase of operations |
(87.6) |
(50.9) |
|
Proceeds on disposal of intangible assets |
— |
4.7 |
|
Proceeds on disposal of property, plant and equipment |
40.0 |
57.3 |
|
Loans repaid/(advanced) |
4.2 |
(8.6) |
|
Participation in export partnership |
9.3 |
1.7 |
|
Retirement obligation |
(0.2) |
60.9 |
|
Cash utilised in investing activities |
(1 759.2) |
(1 013.6) |
|
Cash flows from financing activities |
|
|
|
Proceeds from borrowings |
— |
400.0 |
|
Repayment of borrowings |
(254.7) |
(1 100.6) |
|
Share repurchases |
(126.2) |
(155.7) |
|
Proceeds from employees on settlement of share options |
0.3 |
1.0 |
|
Cash utilised in financing activities |
(380.6) |
(855.3) |
|
Net increase/(decrease) in cash and cash equivalents |
343.8 |
(142.2) |
|
Cash and cash equivalents at beginning of period |
524.5 |
664.2 |
|
Foreign currency translations |
14.6 |
2.5 |
|
Cash and cash equivalents at end of period |
882.9 |
524.5 |
|
Consisting of: |
|
|
|
Cash and cash equivalents |
982.9 |
1 024.5 |
|
Bank overdraft and overnight borrowings |
(100.0) |
(500.0) |
|
|
|
|
* Prior year amounts restated and/or reclassified, refer to note 10.