Carphone Warehouse 2006 Annual Report Download - page 42

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Consolidated Cash Flow Statement
For the 52 weeks ended 1 April 2006
52 weeks ended 53 weeks ended
1 April 2006 2 April 2005
Notes £’000 £’000
Operating activities
Operating profit 86,710 96,784
Adjustments for non-cash items:
Share-based payments 10,665 3,608
Depreciation 49,585 40,792
Amortisation (before reorganisation costs) 69,125 34,815
Goodwill expense 1,825 958
Reorganisation costs 35,245 –
Operating cash flows before movements in working capital 253,155 176,957
(Profit) loss on disposal of property, plant and equipment and intangible assets (1,013) 482
Increase in trade and other receivables (138,086) (81,523)
Increase in stock (41,359) (14,745)
Increase in trade and other payables 95,440 66,632
Increase in provisions 28,228 20,810
Cash generated from operations 196,365 168,613
Taxation paid (13,739) (11,641)
Net cash generated from operating activities 182,626 156,972
Investing activities
Proceeds from sale of property, plant and equipment and intangible assets 2,540 1,363
Acquisition of subsidiaries, net of cash acquired 14 (157,835) (35,300)
Interest paid (13,799) (10,748)
Interest received 8,090 5,903
Acquisition of intangible assets (104,710) (53,782)
Acquisition of property, plant and equipment (89,425) (71,988)
Acquisition of non-current asset investments (1,659) (172)
Cash flows from investing activities (356,798) (164,724)
Financing activities
Proceeds from the issue of share capital 10,684 2,750
Net purchase of own shares (15,851) (8,064)
Increase in borrowings 197,625 22,866
Receipts from (payments to acquire) current asset investments 56,619 (49,663)
Dividends paid (17,443) (12,683)
Cash flows from financing activities 231,634 (44,794)
Net increase (decrease) in cash and cash equivalents 57,462 (52,546)
Cash and cash equivalents at the start of the period 19,352 71,638
Effect of exchange rate fluctuations 143 260
Cash and cash equivalents at the end of the period 24 76,957 19,352
Cash and cash equivalents for the purposes of this statement comprise:
Cash and cash equivalents 19 98,093 41,576
Bank overdrafts 19 (21,136) (22,224)
76,957 19,352
The Carphone Warehouse Group PLC Annual Report 2006
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