Consolidated cash flow statement For the financial year ended 26 January

Cash flows from operating activities
Operating profit – continuing operations695.1601.8
Operating profit – discontinued operations2.9
Depreciation and amortisation117.2119.7
Loss on disposal of property, plant & equipment2.54.5
Share option charge17.816.8
Share of undistributed profit of associates(0.1)(1.0)
Exchange movement(3.2)(0.7)
Decrease/(increase) in inventories40.1(3.6)
Increase in customer and other receivables(21.7)(93.8)
Increase in trade and other payables7.428.2
Pension contributions less income statement charge(50.2)(6.4)
Cash generated from operations806.7669.8
Corporation taxes paid(147.7)(143.9)
Net cash from operating activities659.0525.9
Cash flows from investing activities
Additions to property, plant and equipment(81.6)(126.1)
Decrease in capital accruals(10.8)(9.0)
Payments to acquire property, plant and equipment(92.4)(135.1)
Net proceeds from disposal of subsidiary (Note 6)1.563.0
Proceeds from sale of property, plant and equipment5.31.9
Payment of deferred consideration(0.1)
Net cash from investing activities(85.7)(70.2)
Cash flows from financing activities
Repurchase of own shares(241.9)(291.1)
Purchase of shares by ESOT(123.0)(106.7)
Proceeds from disposal of shares by ESOT43.467.6
Repayment of unsecured bank loans(115.0)
Net proceeds from bond issue and tender153.3
Interest paid(23.8)(23.9)
Interest received2.05.0
Payment of finance lease liabilities(0.1)(0.2)
Dividends paid(147.7)(135.1)
Net cash from financing activities(491.1)(446.1)
Net increase in cash and cash equivalents82.29.6
Opening cash and cash equivalents48.839.1
Effect of exchange rate fluctuations on cash held(0.1)0.1
Closing cash and cash equivalents (Note 31)130.948.8

In the prior year, net cash from operating activities included £9.9m of outflow in respect of discontinued operations (Ventura) during the period prior to disposal.