| Notes | 52 weeks to
30 March
2018
£m | 52 weeks to
31 March
2017
£m |
|---|
| Cash flows from operating activities | | | |
| Profit after tax for the period, before non-recurring items | | 58.4 | 59.5 |
| Non-recurring items | | (3.7) | (3.1) |
| Profit after tax for the period | | 54.7 | 56.4 |
| Depreciation and impairment - property, plant and equipment | | 24.0 | 21.6 |
| Amortisation - intangible assets | | 10.9 | 10.0 |
| Net finance costs | | 2.7 | 2.3 |
| Loss on disposal of property, plant and equipment | | 4.1 | 0.2 |
| Equity-settled share-based payment transactions | | 0.4 | 1.0 |
| Exchange movement | | 1.9 | (1.8) |
| Income tax expense | | 12.4 | 15.0 |
| | | |
| (Increase) in inventories | | (4.4) | (33.2) |
| Decrease in trade and other receivables | | 2.4 | 2.3 |
| (Decrease)/increase in trade and other payables | | (10.6) | 14.6 |
| (Decrease) in provisions | | (1.4) | (0.2) |
| | | |
| Finance income received | | 0.1 | 1.5 |
| Finance costs paid | | (2.0) | (2.3) |
| Income tax paid | | (16.1) | (15.3) |
| Net cash from operating activities | | 79.1 | 72.1 |
| | | |
| 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 options | | 0.1 | 1.4 |
| Proceeds from loans, net of transaction costs | | 415.2 | 297.0 |
| 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 overdrafts | I. | 9.4 | 8.9 |
| Cash and cash equivalents at the beginning of the period | | (1.9) | (10.8) |
| Cash and cash equivalents at the end of the period | I. | 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.