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Unaudited Unaudited Audited
Note 26 weeks
ended
27 December
2020
£m 
26 weeks
ended
29 December
2019
£m* 
52 weeks
ended
28 June
2020
£m 
Cash flows from operating activities
Profit for the year 141 128
113
Depreciation and amortisation 2 3
7
Financial income - (1) (2)
Financial costs  4 3 10
Income tax expense 33 29 27
Adjustment for non‑cash items 6 (3)
1
(Increase)/decrease in trade and other receivables (26) 13 20
Decrease/(increase) in inventories
131 (213) (181)
Increase/(decrease) in trade and other payables
98 86 (75)
Cash inflow/(outflow) generated from operations
389 45
(80)
Interest paid  (1) (1)
(5)
Tax paid (25) (77)
(64)
Net cash inflow/(outflow) from operating activities
363 (33)
(149)
Cash flows from investing activities
Acquisition of software, property, plant and equipment (2) (3)
(7)
Net payments to joint ventures 4 (2)
(3)
Net cash inflow/(outflow) from investing activities
2 (5)
(10)
Cashflows from financing activities
Issue of bank borrowings - 75
170
Repayment of bank borrowings (166)
(80)
(80)
Payment of lease liabilities (1) - (3)
Purchase of own shares - -
(16)
Dividends paid 3 - (72)
(72)
Net cash (outflow) from financing activities
(167) (77)
(1)
Increase/(decrease) in net cash and cash equivalents
198 (115)
(160)
Net cash and cash equivalents at the beginning of the period 44 204
204
Net cash and cash equivalents at the end of the period 8 242 89
44
* Restated - see note 1
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