Carphone Warehouse 2016 Annual Report Download - page 140

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Notes to the Group financial statements
138
27 Notes to the cash flow statement
a) Reconciliation of operating profit to net cash inflow from operating activities
Year ended
30 April
2016
£million
13 months
ended
2 May
2015
£million
Profit before interest and tax – continuing operations 304 324
Depreciation and amortisation 177 149
Share-based payment charge 10 10
Share of results of joint ventures 4 —
Impairments and other non-cash items 4 4
Operating cash flows before movements in working capital 499 487
Movements in working capital:
(Increase) / decrease in inventory (18) 6
(Increase) in receivables (247) (89)
Increase / (decrease) in payables 168 (289)
Increase / (decrease) in provisions 83 (5)
(14) (377)
Cash generated from operations – continuing operations 485 110
b) Analysis of net debt
2 May
2015
£million
Cash flow
£million
Other
non-cash
movements
£million
Currency
translation
£million
30 April
2016
£million
Cash and cash equivalents 163 53 — 17 233
163 53 — 17 233
Borrowings due within one year (55) 55 — — —
Borrowings due after more than one year (330) (80) — 1 (409)
Obligations under finance leases (91) 6 (6) — (91)
(476) (19) (6) 1 (500)
Net (debt) / funds (313) 34 (6) 18 (267)
29 March
2014
£million
Cash flow
£million
Acquisitions
£million
Other
non-cash
movements
£million
Currency
translation
£million
2 May
2015
£million
Cash and cash equivalents 283 (120) — — — 163
Borrowings due within one year — (55) — — — (55)
Borrowings due after more than one year (290) 249 (289) — — (330)
Obligations under finance leases (1) 7 (93) (4) — (91)
(291) 201 (382) (4) — (476)
Net funds / (debt) (8) 81 (382) (4) — (313)
00_DC 2016 Annual Report.pdf 138 11/07/2016 18:34