NOTES TO THE FINANCIAL STATEMENTS
36. CASH FLOW FROM OPERATING ACTIVITIES
Reconciliation of profit for the year to cash generated from operations:
Cash generated from operations
Group |
Company |
|||
2010 |
2009 |
2010 |
2009 |
|
Continuing operations |
||||
Profit for the year |
139.5 |
89.8 |
81.6 |
140.1 |
Adjustments for: |
||||
Employee share schemes |
2.8 |
2.7 |
0.7 |
0.6 |
Profit on disposal of property, plant and equipment |
(3.6) |
(2.1) |
- |
- |
Depreciation charge |
135.1 |
131.3 |
0.1 |
- |
Amortisation of intangible assets |
0.3 |
1.2 |
- |
- |
Share of post-tax profit from joint ventures |
(1.1) |
(0.8) |
- |
- |
Finance income |
(34.4) |
(45.8) |
(22.9) |
(24.3) |
Finance costs |
116.0 |
138.0 |
21.8 |
31.8 |
Dividends receivable |
- |
- |
(80.6) |
(128.6) |
Taxation charge/(credit) |
44.3 |
69.6 |
(0.2) |
(0.3) |
Changes in working capital (excluding the effect of acquisition of subsidiaries): |
||||
Decrease in inventories |
0.3 |
0.8 |
- |
- |
Increase in trade and other receivables |
(32.4) |
(20.7) |
(123.7) |
(12.1) |
Decrease/(increase) in trade and other payables |
9.3 |
(24.5) |
9.7 |
(9.1) |
Decrease in retirement benefit obligations from contributions |
(4.8) |
(28.7) |
(0.3) |
(3.9) |
Decrease in provisions |
(7.9) |
(10.2) |
- |
- |
Cash generated/(outflow) from operations |
363.4 |
300.6 |
(113.8) |
(5.8) |