| (Unaudited) | Note |
6 months ended 31 December 2017 £m |
6 months ended 31 December 2016 £m |
12 months ended 30 June 2017 £m |
| Cash flow from operating activities | ||||
| Operating profit | 175 | 144 | 322 | |
| Depreciation and amortisation | 1 | 1 | 2 | |
| Adjustment for non- cash items | (2) | (3) | (5) | |
| Operating profit before changes in working capital and provisions | 174 | 142 | 319 | |
| Decrease in trade and other receivables | 3 | 21 | 6 | |
| Increase in inventories | (111) | (32) | (140) | |
| Increase in trade and other payables | 32 | 2 | 3 | |
| Increase in provisions - continuing operations | - | 1 | 1 | |
| Cash inflow generated from operations | 98 | 134 | 189 | |
| Interest paid | (2) | (3) | (5) | |
| Tax paid | (32) | (26) | (56) | |
| Net cash inflow from operating activities | 64 | 105 | 128 | |
| Cash flows from investing activities | ||||
| Acquisition of software, property, plant and equipment | (1) | - | (1) | |
| Interest received | 3 | - | - | |
| Net receipts from joint ventures - continuing operations | 13 | - | (1) | |
| Net cash inflow/(outflow) from investing activities | 15 | - | (2) | |
| Cash flows from financing activities | ||||
| Issue of bank borrowings | 80 | 105 | 90 | |
| Repayment of bank borrowings | (90) | (230) | (230) | |
| Purchase of own shares | - | - | (16) | |
| Dividends paid | 3 | (41) | (22) | (44) |
| Net cash outflow from financing activities | (51) | (147) | (200) | |
| Increase/(decrease) in net cash and cash equivalents | 28 | (42) | (74) | |
| Net cash and cash equivalents at the beginning of the period | 17 | 91 | 91 | |
| Net cash and cash equivalents at the end of the period | 8 | 45 | 49 | 17 |
