Cash flows from operating activities | | | |
Profit after tax for the period, before non-recurring items | | 66.2 | 55.8 |
Non-recurring items | | (0.4) | (0.3) |
Profit after tax for the period | | 65.8 | 55.5 |
Depreciation — property, plant and equipment | | 20.2 | 18.0 |
Impairment charge | | 0.7 | 0.4 |
Amortisation — intangible assets | | 5.5 | 5.3 |
Net finance costs | | 3.5 | 5.0 |
Loss on disposal of property, plant and equipment | | 1.7 | 2.1 |
Equity-settled share based payment transactions | | 1.4 | 1.0 |
Fair value (gain)/loss on derivative financial instruments | | (2.0) | 1.4 |
Income tax expense | | 18.0 | 17.1 |
Decrease/(increase) in inventories | | 0.9 | (17.0) |
(Increase)/decrease in trade and other receivables | | (3.0) | 1.0 |
Increase in trade and other payables | | 27.2 | 10.7 |
Increase in provisions | | 0.5 | 6.7 |
Finance income received | | 0.1 | 0.2 |
Finance costs paid | | (3.2) | (4.6) |
Income tax paid | | (17.1) | (35.3) |
Net cash from operating activities | | 120.2 | 67.5 |
| | | |
Cash flows from investing activities | | | |
Acquisition of subsidiary, net of cash acquired | 10 | (14.0) | — |
Purchase of intangible assets | | (7.5) | (5.3) |
Purchase of property, plant and equipment | | (32.1) | (21.4) |
Net cash used in investing activities | | (53.6) | (26.7) |
| | | |
Cash flows from financing activities | | | |
Net proceeds from exercise of share options | | 0.7 | 2.1 |
Purchase of own shares | | — | (3.2) |
Proceeds from loans, net of transaction costs | | 220.2 | 305.7 |
Repayment of borrowings | | (254.0) | (326.0) |
Payment of finance lease liabilities | | (0.3) | (0.3) |
Dividends paid | | (28.4) | (27.7) |
Net cash used in financing activities | | (61.8) | (49.4) |
| | | |
Net increase/(decrease) in cash and bank overdrafts | I. | 4.8 | (8.6) |
Cash and cash equivalents at the beginning of the period | | (4.7) | 3.9 |
Cash and cash equivalents at the end of the period | I. | 0.1 | (4.7) |