Consolidated cash flow information
|
Notes |
52 weeks
ended
28 March
2009
£m |
52 weeks
ended
29 March
2008
£m |
| Consolidated cash flow statement |
|
|
|
| Cash flows from operating activities |
|
|
|
| Cash generated from operations |
28 |
1,371.9 |
1,236.0 |
| Tax paid |
|
(81.3) |
(166.2) |
| Net cash inflow from operating activities |
|
1,290.6 |
1,069.8 |
| Cash flows from investing activities |
|
|
|
| Acquisition of subsidiaries, net of cash acquired |
|
– |
(46.4) |
| Purchase of property, plant and equipment |
|
(540.8) |
(958.4) |
| Proceeds from sale of property, plant and equipment |
|
58.3 |
91.6 |
| Purchase of intangible assets |
|
(121.6) |
(60.6) |
| Purchase of non-current financial assets |
|
(4.4) |
– |
| (Purchase)/sale of current financial assets |
|
(1.1) |
2.8 |
| Interest received |
|
12.7 |
4.8 |
| Net cash outflow from investing activities |
|
(596.9) |
(966.2) |
| Cash flows from financing activities |
|
|
|
| Interest paid |
|
(197.1) |
(88.9) |
| Cash (outflow)/inflow from borrowings |
|
(25.8) |
8.7 |
| Drawdown/(repayment) of syndicated bank facility |
|
108.1 |
317.6 |
| Issue of medium-term notes |
|
– |
631.7 |
| Payment of liability to the Marks and Spencer UK Pension Scheme |
|
(15.1) |
– |
| Repayments under finance leases |
|
(1.0) |
(3.5) |
| Equity dividends paid |
|
(354.6) |
(343.6) |
| Shares issued on exercise of employee share options |
|
5.3 |
31.6 |
| Shares purchased in buy back |
|
(40.9) |
(555.9) |
| Purchase of own shares by employee trust |
|
– |
(31.9) |
| Net cash outflow from financing activities |
|
(521.1) |
(34.2) |
| Net cash inflow from activities |
|
172.6 |
69.4 |
| Effects of exchange rate changes |
|
7.8 |
1.5 |
| Opening net cash |
|
117.9 |
47.0 |
| Closing net cash |
29 |
298.3 |
117.9 |
|
Notes |
52 weeks
ended
28 March
2009
£m |
52 weeks
ended
29 March
2008
Restated
£m |
| Reconciliation of net cash flow to movement in net debt |
|
|
|
| Opening net debt |
|
(3,077.7) |
(1,949.5) |
| Net cash inflow from activities |
|
172.6 |
69.4 |
| Increase/(decrease) in current financial assets |
|
1.1 |
(2.8) |
| Increase in debt financing |
|
(66.2) |
(954.5) |
| Debt financing net of liquid resources acquired with subsidiaries |
|
– |
(29.6) |
| Partnership liability to the Marks and Spencer UK Pension Scheme (non-cash) |
|
539.6 |
(199.0) |
| Exchange and other non-cash movements |
|
(60.2) |
(11.7) |
| Movement in net debt |
|
586.9 |
(1,128.2) |
| Closing net debt |
29 |
(2,490.8) |
(3,077.7) |