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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

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