Cash Flow: Full Year 2021
For the year ended 31 December 2021
|
Year ended |
Year ended |
||
| Note | £m | ||
| Operating activities | |||
| Profit/(loss) for the year from continuing operations | 76.1 |
(20.0) | |
| Profit for the year from discontinued operations | 7 | 5.7 |
2.0 |
| Adjustments for: | |||
| Depreciation - property, plant and equipment | 30.1 |
32.7 | |
| Depreciation - right-of-use assets | 7.9 |
9.2 | |
| Amortisation | 6.0 |
6.1 | |
| Net financing costs | 5 | 9.2 |
11.9 |
| Profit on disposal of business | 2,4 | (7.1) |
(2.2) |
| Non-cash specific adjusting items included in operating profit | 10.4 |
65.7 | |
| Share of profit from associate (net of income tax) | (0.4) |
(0.6) | |
| Loss/(Profit) on sale of property, plant and equipment | 0.3 |
(1.0) | |
| Income tax expense | 6 | 28.2 |
6.9 |
| Equity-settled share-based payment expenses | 4.5 |
0.7 | |
| Cash generated from operations before changes in working capital and provisions | 170.9 |
111.4 | |
| (Increase)/decrease in trade and other receivables |
(17.2) |
36.1 | |
| Increase)/decrease in inventories | (20.1) |
18.4 | |
| (Increase)/decrease in trade and other payables | 28.3 |
(19.7) | |
| (Decrease)/increase in provisions | (5.8) |
17.8 | |
| Payments to defined benefit pension plans (net of IAS 19 pension charges) | 14 |
(16.9) |
(17.9) |
| Cash generated from operations | 139.2 |
146.1 | |
| Interest paid - borrowings and overdrafts | (6.1) |
(7.5) | |
| Interest paid - lease liabilities | (2.3) |
(2.8) | |
| Income tax paid | (25.4) | (26.0) | |
| Net cash from operating activities | 105.4 |
109.8 | |
| Investing activities | |||
| Purchase of property, plant and equipment and software | (31.6) |
(30.0) | |
| Purchase of investments | (0.9) |
(1.0) | |
| Acquisition of business assets | (1.9) |
- | |
| Proceeds from sale of property, plant and equipment | 5.5 |
1.4 | |
| Interest received | 0.8 |
0.9 | |
| Disposal of investments | 14.2 |
- | |
| Disposal of subsidiaries, net of cash disposed | 0.8 |
5.3 | |
| Net cash from investing activities | (13.1) |
(23.4) | |
| Financing activities | |||
| Purchase of own shares for share incentive schemes | (5.9) |
(1.8) | |
| Proceeds from exercise of share options | 0.3 |
0.4 | |
| Increase in borrowings | - |
7.9 | |
| Reduction and repayment of borrowings | (72.3) |
(49.8) | |
| Payment of lease liabilities | (8.6) |
(9.9) | |
| Dividends paid to shareholders of the Company | (19.1) |
(5.7) | |
| Dividends paid to non-controlling interests | (6.6) |
(7.9) | |
| Purchase of shares from non-controlling interest | - |
(2.8) | |
| Net cash from financing activities | (112.2) |
(69.6) | |
| Net increase in cash and cash equivalents | (19.9) |
16.8 | |
| Cash and cash equivalents at start of period | 147.8 |
132.8 | |
| Effect of exchange rate fluctuations on cash held | (0.6) |
(1.8) | |
| Cash and cash equivalents at year end | 12 | 127.3 |
147.8 |
See our full Financial Highlights to learn more, or view our Balance Sheet and Income Statement to see our latest performance.