Cash flow statement

Cash flow statement

12 months ended 30 June 2016
£m
2015
£m
Cash flows from operating activities
Operating profit/(loss) before financing costs 261 213
Depreciation and amortisation 1 1
Adjustment for non-cash items (5) (5)
Operating profit/(loss) before changes in working capital and provisions 257 209
Decrease/(increase) in trade and other receivables 7 (2)
Increase in inventories (308) (343)
Increase in trade and other payables 174 196
Increase in provisions - 1
Cash inflow generated from operations 130 61
Interest paid (6) (6)
Tax paid (46) (22)
Net cash inflow from operating activities 78 33
Cash flows from investing activities    
Sale of business - 9
Acquisition of software, property, plant and equipment (6) (1)
Net payments to joint ventures - continuing operations (11) (6)
Net cash (outflow)/inflow from investing activities (17) 2
Cash flows from financing activities    
Issue of bank borrowings 230 150
Repayment of bank borrowings (150) (175)
Purchase of own shares (16) (2)
Dividend paid (30) (15)
Net cash inflow/(outflow) from financing activities 34 (42)
Increase/(decrease) in net cash and cash equivalents 95 (7)
Net cash and cash equivalents at the beginning of the year (4) 3
Net cash and cash equivalents at the end of the year 91 (4)