| Group | Company | ||||
| Note |
52 weeks ended 27 June 2021 £m |
52 weeks ended 28 June 2020 £m |
52 weeks ended 27 June 2021 £m |
52 weeks ended 28 June 2020 £m |
|
| Cash flow from operating activities | |||||
| Profit for the year | 254 |
113 |
- |
2 |
|
| Depreciation and amortisation | 7 |
7 |
- |
- |
|
| Financial income | (1) |
(2) |
(4) |
(4) |
|
| Financial costs | 8 |
10 |
4 |
3 |
|
| Income tax expense | 60 |
27 |
- |
- |
|
| Adjustment for non-cash items | 4 |
1 |
(1) |
(3) |
|
| (Increase)/decrease in trade and other receivables | (62) |
20 |
293 |
(184) |
|
| Decrease/(increase) in inventories | 72 |
(181) |
- |
- |
|
| (Decrease)/increase in trade and other payables | (6) |
(75) |
2 |
(4) |
|
| Increase in provisions | 26 | - | - |
- |
|
| Cash inflow/(outflow) generated from operations | 362 |
(80) |
294 |
(190) |
|
| Interest paid | (4) |
(5) |
(4) |
(3) |
|
| Tax paid | (54) |
(64) |
- |
- |
|
| Net cash inflow/(outflow) from operating activities | 304 |
(149) |
290 |
(193) |
|
| Cash flows from investing activities |
|
||||
| Acquisition of software, property, plant and equipment |
(2) |
(7) |
- | - | |
| Interest received | - |
- |
4 |
4 |
|
| Receipts from/(payments to) joint ventures | 9 |
(3) |
- |
- |
|
| Net cash inflow/(outflow) from investing activities | 7 |
(10) |
4 |
4 |
|
| Cash flows from financing activities | |||||
| Issue of bank borrowings | - |
170 |
- |
170 |
|
| Repayment of bank borrowings | (170) |
(80) |
(170) |
(80) |
|
| Payment of lease liabilities | (3) |
(3) |
- | - | |
| Purchase of own shares | (1) |
(16) |
- | - | |
| Dividend paid | 5 | (21) |
(72) |
(21) |
(72) |
| Net cash (outflow)/inflow from financing activities | (195) |
(1) |
(191) |
18 |
|
| Increase/(decrease) in net cash and cash equivalents | 116 |
(160) |
103 |
(171) |
|
| Net cash and cash equivalents at the beginning of the year | 44 |
204 |
41 |
212 |
|
| Net cash and cash equivalents at the end of the year | 20 | 160 |
44 |
144 |
41 |
The accompanying notes form an integral part of the financial statements