Cash flows from operating activities | | | |
Profit after tax for the period, before non-underlying items | | 46.7 | 48.3 |
Non-underlying items | | (29.2) | (6.4) |
Profit after tax for the period | | 17.5 | 41.9 |
Depreciation – property, plant and equipment | 12 | 24.3 | 23.0 |
Impairment – property, plant and equipment | 12 | 5.4 | – |
Amortisation and impairment of right-of-use assets | | 83.0 | – |
Amortisation – intangible assets | 11 | 11.4 | 13.0 |
Net finance costs | 6 | 13.6 | 3.4 |
Loss on disposal of property, plant and equipment and intangibles | 3 | 2.8 | 5.5 |
Equity-settled share-based payment transactions | | 1.0 | 0.3 |
Exchange movement | | (2.0) | (0.3) |
Income tax expense | | 1.9 | 9.1 |
Decrease in inventories | | 3.9 | 11.9 |
Decrease/(increase) in trade and other receivables | | 3.7 | (3.1) |
Increase/(decrease) in trade and other payables | | 44.4 | (19.2) |
(Decrease)/increase in provisions | | (3.1) | 2.7 |
Income tax paid | | (16.3) | (12.7) |
Net cash from operating activities | | 191.5 | 75.5 |
Cash flows from investing activities | | | |
Acquisition of subsidiary, net of cash acquired | | (10.9) | – |
Purchase of investment | | – | (0.5) |
Purchase of intangible assets | | (12.5) | (11.0) |
Purchase of property, plant and equipment | | (21.1) | (18.4) |
Net cash used in investing activities | | (44.5) | (29.9) |
Cash flows from financing activities | | | |
Net proceeds from share options and purchase of own shares | | – | (0.6) |
Finance income received | | 0.3 | – |
Finance costs paid | | (13.5) | (3.1) |
Payment of loan following acquisition | | (1.8) | – |
Proceeds from loans, net of transaction costs | | 1,377.0 | 1,138.7 |
Repayment of borrowings | | (1,262.0) | (1,159.0) |
Payment of capital element of leases (2019: payments on finance leases) | | (87.7) | (0.6) |
Dividends paid | 8 | (36.6) | (35.9) |
Net cash used in financing activities | | (24.3) | (60.5) |
Net increase/(decrease) in cash and bank overdrafts | I. | 122.7 | (14.9) |
Cash and cash equivalents at the beginning of the period | | (7.4) | 7.5 |
Cash and cash equivalents at the end of the period | I. | 115.3 | (7.4) |