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.