Notes52 weeks to
30 March
52 weeks to
31 March
Cash flows from operating activities
Profit after tax for the period, before non-recurring items58.459.5
Non-recurring items(3.7)(3.1)
Profit after tax for the period54.756.4
Depreciation and impairment - property, plant and equipment24.021.6
Amortisation - intangible assets10.910.0
Net finance costs2.72.3
Loss on disposal of property, plant and equipment4.10.2
Equity-settled share-based payment transactions0.41.0
Exchange movement1.9(1.8)
Income tax expense12.415.0
(Increase) in inventories(4.4)(33.2)
Decrease in trade and other receivables2.42.3
(Decrease)/increase in trade and other payables(10.6)14.6
(Decrease) in provisions(1.4)(0.2)
Finance income received0.11.5
Finance costs paid(2.0)(2.3)
Income tax paid(16.1)(15.3)
Net cash from operating activities79.172.1
Cash flows from investing activities
Acquisition of subsidiary, net of cash acquired(5.1)(18.0)
Purchase of investment(3.5)(4.1)
Purchase of intangible assets(18.0)(18.4)
Purchase of property, plant and equipment(19.0)(16.0)
Net cash used in investing activities(45.6)(56.5)
Cash flows from financing activities
Net proceeds from exercise of share options0.11.4
Proceeds from loans, net of transaction costs415.2297.0
Repayment of borrowings(404.0)(251.0)
Payment of finance lease liabilities(0.6)(0.6)
Dividends paid(34.8)(53.5)
Net cash used in financing activities(24.1)(6.7)
Net increase in cash and bank overdraftsI.9.48.9
Cash and cash equivalents at the beginning of the period(1.9)(10.8)
Cash and cash equivalents at the end of the periodI.7.5(1.9)

Cash and cash equivalents at the period end consist of £27.0m (2017: £16.5m) of liquid assets and £19.5m (2017: £18.4m) of bank overdrafts.

The Notes to the Financial Statements are an integral part of these consolidated financial statements.