Cash flows from operating activities | | | |
Profit after tax for the period, before non-recurring items | | 64.9 | 66.2 |
Non-recurring items | | (1.4) | (0.4) |
Profit after tax for the period | | 63.5 | 65.8 |
Depreciation – property, plant and equipment | | 23.8 | 20.2 |
Impairment charge | | — | 0.7 |
Amortisation – intangible assets | | 6.3 | 5.5 |
Net finance costs | | 3.0 | 3.5 |
Loss on disposal of property, plant and equipment | | 0.4 | 1.7 |
Equity-settled share based payment transactions | | 3.0 | 1.4 |
Fair value gain on derivative financial instruments | | (0.4) | (2.0) |
Income tax expense | | 16.3 | 18.0 |
Decrease/(increase) in inventories | | (8.6) | 0.9 |
(Increase)/decrease in trade and other receivables | | (4.9) | (3.0) |
Increase in trade and other payables | | 2.3 | 27.2 |
(Decrease)/increase in provisions | | (1.4) | 0.5 |
Finance income received | | 0.1 | 0.1 |
Finance costs paid | | (2.3) | (3.2) |
Income tax paid | | (17.2) | (17.1) |
Net cash from operating activities | | 83.9 | 120.2 |
| | | |
Cash flows from investing activities | | | |
Acquisition of subsidiary, net of cash acquired | | — | (14.0) |
Purchase of intangible assets | | (12.5) | (7.5) |
Purchase of property, plant and equipment | | (26.0) | (32.1) |
Net cash used in investing activities | | (38.5) | (53.6) |
| | | |
Cash flows from financing activities | | | |
Net proceeds from exercise of share options | | 2.7 | 0.7 |
Proceeds from loans, net of transaction costs | | 219.0 | 220.2 |
Repayment of borrowings | | (245.0) | (254.0) |
Payment of finance lease liabilities | | (0.6) | (0.3) |
Dividends paid | | (32.4) | (28.4) |
Net cash used in financing activities | | (56.3) | (61.8) |
| | | |
Net (decrease)/increase in cash and bank overdrafts | I. | (10.9) | 4.8 |
Cash and cash equivalents at the beginning of the period | | 0.1 | (4.7) |
Cash and cash equivalents at the end of the period | I. | (10.8) | 0.1 |