Annual report and accounts 2023 - Flipbook - Page 145
Strategic Report
Corporate Governance
Accounts
Cash Flow Statements
For the year ended 29 January 2023
Group
Note
Operating activities
Profit before tax
Adjustments for:
Interest and dividends receivable
Interest payable
Contingent consideration
Revaluation of put liability
Depreciation of property, plant and equipment
Amortisation of intangible assets
Share-based payment costs
Share of results in associates
Gain on sale of property, plant and equipment and available for sale assets
Operating cash flows before movements in working capital
Increase in inventories
Increase in receivables
Increase in payables
Difference between employer pension contributions and amounts recognised in the income statement
Cash generated by operations
Tax paid
Net cash from operating activities
Investing activities
Acquisition of subsidiary (net of cash acquired)
Dividends received
Loans made
Purchase of property, plant and equipment
Proceeds on sale of property, plant and equipment and assets held for sale
Funds placed on fixed term deposit
Interest received
Net cash used in investing activities
Financing activities
Acquisition of minority interest
Loans made
Loans repaid
Lease payments
Purchase of Company shares by employee benefit trusts
Dividends paid
Interest paid
Net cash used in financing activities
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
7
24
3
3
15
17
15
28
10
Company
2023
£m
2022
£m
2023
£m
2022
£m
44.4
42.2
53.7
31.0
(0.5)
1.4
0.8
(2.7)
9.8
1.2
2.0
–
(1.0)
55.4
(4.5)
(7.6)
4.3
(4.9)
42.7
(6.8)
35.9
–
0.4
–
–
9.9
1.3
1.2
0.1
(0.7)
54.4
(4.3)
(5.6)
7.7
(2.3)
49.9
(6.5)
43.4
(22.5)
0.3
0.8
–
9.3
1.2
2.0
–
(1.0)
43.8
(1.7)
(7.5)
15.7
(4.9)
45.4
(6.8)
38.6
–
0.4
–
–
9.5
1.2
1.2
0.1
(0.7)
42.7
(4.0)
(2.8)
11.8
(2.3)
45.4
(6.5)
38.9
(18.6)
–
–
(14.6)
1.6
(40.0)
0.1
(71.5)
(5.1)
–
–
(5.0)
1.1
–
–
(9.0)
(23.3)
8.0
(1.8)
(14.6)
1.6
(40.0)
0.1
(70.0)
(5.5)
–
–
(4.9)
1.1
–
–
(9.3)
(3.4)
–
(0.3)
(1.7)
(0.7)
(13.9)
(0.2)
(20.2)
(55.8)
68.7
12.9
–
(0.5)
–
(1.5)
(0.2)
(13.4)
(0.1)
(15.7)
18.7
50.0
68.7
–
–
–
(1.5)
(0.7)
(13.9)
(0.1)
(16.2)
(47.6)
59.1
11.5
–
(0.5)
–
(1.5)
(0.2)
(13.4)
(0.1)
(15.7)
13.9
45.2
59.1
Cash and cash equivalents per the Group cash flow statements above comprises cash and cash equivalents per the statement of financial position of £13.6m, net of bank overdrafts
of £0.7m for the year ended 29 January 2023. Company only cash and equivalents comprise cash and cash equivalents per the statement of financial position of £11.5m.
Non-cash transactions
During the year the Company received a £14.0m dividend from Rubicon Drinks Limited, another Group company. This was satisfied by way of a dividend in specie using the
intercompany balance due by the Company to Rubicon Drinks Limited.
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