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| Notes | 52 weeks to 1 April 2011 £m |
52 weeks to 2 April 2010 £m |
|
|---|---|---|---|
| Cash flows from operating activities | |||
| Profit after tax for the period before non-recurring items | 90.9 | 83.0 | |
| Non-recurring items | (5.4) | (6.0) | |
| Profit after tax for the period | 85.5 | 77.0 | |
| Depreciation — property, plant and equipment | 20.4 | 21.9 | |
| Impairment charge | — | 5.0 | |
| Amortisation — intangible assets | 4.6 | 2.2 | |
| Foreign exchange loss | 0.5 | 0.6 | |
| Net finance costs | 2.5 | 2.6 | |
| Loss on sale of property, plant and equipment | 0.1 | 0.7 | |
| Equity-settled share based payment transactions | 2.4 | 2.5 | |
| Fair value loss on derivative financial instruments | 0.6 | 0.1 | |
| Income tax expense | 32.6 | 32.7 | |
| (Increase)/decrease in inventories | (9.1) | 9.8 | |
| Decrease in trade and other receivables | 0.8 | 0.5 | |
| Increase in trade and other payables | 11.1 | 22.8 | |
| (Decrease)/Increase in provisions | (5.8) | 2.6 | |
| Finance income received | 1.5 | 2.0 | |
| Finance costs paid | (3.6) | (4.5) | |
| Income tax paid | (25.7) | (30.4) | |
| Net cash from operating activities | 118.4 | 148.1 | |
| Cash flows from investing activities | |||
| Acquisition of subsidiary undertaking net of cash acquired | 10 | (1.9) | (72.3) |
| Purchase of intangible assets | (2.6) | (3.5) | |
| Purchase of property, plant and equipment | (19.5) | (15.6) | |
| Net cash used in investing activities | (24.0) | (91.4) | |
| Cash flows from financing activities | |||
| Net proceeds from issue of ordinary shares | 4.5 | 0.9 | |
| Proceeds from loans, net of transaction costs | 86.4 | — | |
| Repayment of borrowings | (180.0) | — | |
| Payment of finance lease liabilities | (0.2) | (0.2) | |
| Dividends paid | (46.2) | (35.3) | |
| Net cash used in financing activities | (135.5) | (34.6) | |
| Net (decrease)/increase in cash and bank overdrafts | I. | (41.1) | 22.1 |
| Cash and cash equivalents at the beginning of the period | 36.5 | 15.5 | |
| Effect of exchange rate fluctuations | — | (1.1) | |
| Cash and cash equivalents at the end of the period | I. | (4.6) | 36.5 |
The notes on pages 111 to 137 are an integral part of these consolidated financial statements.
The Group has elected to prepare its financial statements under IFRSs as adopted by the EU and the accounting policies are outlined on pages 104 to 110.