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 |