Unaudited | Unaudited | Audited | ||
Note |
27 weeks ended 2 January 2022 £m |
26 weeks ended 27 December 2020 £m |
52 weeks ended 27 June 2021 £m |
|
Cash flows from operating activities |
||||
Profit for the year | 164 | 141 | 254 | |
Depreciation and amortisation | 3 | 2 | 7 | |
Financial income | - | - | (1) | |
Financial costs | 2 | 4 | 8 | |
Income tax expense | 39 | 33 | 60 | |
Adjustment for non-cash items | - | 6 | 4 | |
Decrease/(increase) in trade and other receivables | 52 | (26) | (62) | |
(Increase)/decrease in inventories | (131) | 131 | 72 | |
Increase/(decrease) in trade and other payables |
75 | 98 | (6) | |
Increase in provisions | 9 | - | 26 | |
Cash inflow generated from operations | 213 | 389 | 362 | |
Interest paid | - | (1) | (4) | |
Tax paid | (37) | (25) | (54) | |
Net cash inflow from operating activities | 176 | 363 | 304 | |
Cash flows from investing activities | ||||
Acquisition of software, property, plant and equipment | (1) | (2) | (2) | |
Receipts from joint ventures | - | 4 | 9 | |
Net cash (outflow)/inflow from investing activities | (1) | 2 | 7 | |
Cashflows from financing activities | ||||
Repayment of bank borrowings | - | (166) | (170) | |
Payment of lease liabilities | (1) | (1) | (3) | |
Purchase of own shares | (27) | - | (1) | |
Dividends paid | 3 | (65) | - | (21) |
Net cash (outflow) from financing activities |
(93) | (167) | (195) | |
Increase in net cash and cash equivalents | 82 | 198 | 116 | |
Net cash and cash equivalents at the beginning of the period | 160 | 44 | 44 | |
Net cash and cash equivalents at the end of the period | 8 | 242 | 242 | 160 |