Cash Flow Summary

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Period to 1 March 2008
(52 weeks)
3 March 2007
(Short period)
Benchmark operating profit 398.0 359.4
Change of year-end pro forma adjustments - (25.7)
Exceptional items within operating profit 0.8 (22.7)
Demerger incentive scheme costs (11.7) (5.8)
Statutory operating profit after exceptional items 387.1 305.2
     
Depreciation and amortisation 151.6 146.4
Statutory EBITDA 538.7 451.6
     
Movement in working capital (48.1) 127.2
Finance expense charged to FS cost of sales 19.6 16.4
Adjustments for other non-cash operating items 54.0 25.7
Cash flows from operating activities 564.2 620.9
     
Net interest 15.1 (37.8)
Taxation (95.1) (101.6)
Net capital expenditure (207.9) (158.6)
Acquisitions and disposals (46.2) (3.8)
Loan to joint venture - (8.1)
Cash inflow before financing activities 230.1 311.0
     
Dividends paid (118.9) (34.6)
Share of GUS plc final dividend - (62.0)
Repayment of amounts to GUS plc - (50.3)
Repayment of borrowings (225.1) (1.2)
Other financing activities 2.3 (6.1)
Net (decrease)/increase in cash and cash equivalents (111.6) 156.8
     
     
Opening cash and cash equivalents 283.8 130.0
Net cash (outflow)/inflow (111.6) 156.8
Effect of foreign exchange rate changes 1.8 (3.0)
Closing cash and cash equivalents 174.0 283.8
Closing borrowings - (223.6)
Closing net cash 174.0 60.2