Search
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