| Group | Company | ||||
| Note |
52 weeks ended 28 June 2020 £m |
52 weeks ended 30 June 2019 £m |
52 weeks ended 28 June 2020 £m |
52 weeks ended 30 June 2019 £m |
|
| Cash flow from operating activities | |||||
| Profit for the year | 113 |
329 |
2 |
486 |
|
| Depreciation and amortisation | 7 |
3 |
- |
- |
|
| Financial income | (2) | (3) | (4) | (1) | |
| Financial costs | 10 | 8 | 3 | 13 | |
| Income tax expense | 27 | 77 | - | (4) | |
| Dividends from subsidiaries | - | - | - | (500) | |
| Adjustment for non-cash items | 1 |
(7) |
(3) |
(2) |
|
| (Decrease)/increase in trade and other receivables | 20 | (6) | (184) |
285 |
|
| Increase in inventories | (181) |
(113) |
- | - | |
| (Decrease)/increase in trade and other payables | (75) |
84 |
(4) |
- |
|
| (Decrease) in provisions | - |
(1) |
- | - | |
| Cash (outflow)/inflow generated from operations | (80) |
371 |
(190) |
277 |
|
| Interest paid | (5) | (2) | (3) |
(12) |
|
| Tax paid | (64) |
(77) |
- | - | |
| Net cash (outflow)/inflow from operating activities | (149) |
292 |
(193) |
265 |
|
| Cash flows from investing activities |
|
||||
| Acquisition of software, property, plant and equipment |
(7) |
(4) |
- | - | |
| Interest received |
- |
1 |
4 |
1 |
|
| Payments to joint ventures |
(3) |
- |
- | - | |
| Net cash (outflow)/inflow from investing activities | (10) |
(3) |
4 |
1 |
|
| Cash flows from financing activities | |||||
| Issue of bank borrowings | 170 |
80 |
170 |
80 |
|
| Repayment of bank borrowings | (80) |
(5) |
(80) |
(5) |
|
| Payment of lease liabilities | (3) | - | - | - | |
| Purchase of own shares | (16) |
(10) |
- | - | |
| Dividend paid | 5 | (72) |
(218) |
(72) |
(218) |
| Net cash (outflow)/inflow from financing activities | (1) |
(153) |
18 |
(143) |
|
| (Decrease)/increase in net cash and cash equivalents | (160) |
136 |
(171) |
123 |
|
| Net cash and cash equivalents at the beginning of the year | 204 |
68 |
212 |
89 |
|
| Net cash and cash equivalents at the end of the year | 20 | 44 |
204 |
41 |
212 |
The accompanying notes form an integral part of the financial statements