Experian 2012 Annual Report Download - page 146

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144 Experian Annual Report 2012 Financial statements
Notes to the Group financial statements continued
40. Notes to the Group cash flow statement
(a) Cash generated from operations
2012
US$m
20 11
(Re-presented)
(Note 3)
US$m
Profit after tax 724 538
Adjustments for:
Group tax (credit)/charge (35) 118
Share of post-tax losses of associates 2 2
Net finance costs 361 213
Operating profit 1,052 871
Loss on disposals of fixed assets 45
(Gain)/loss on disposal of businesses (8) 21
Depreciation and amortisation 434 385
Charge in respect of equity incentive plans 65 64
Decrease in working capital (note 40(b)) 20 4
Acquisition expenses - difference between Group income statement charge and amount paid (20) 3
Adjustment to the fair value of contingent consideration (3) -
Movement in exceptional items included in working capital (5) (42)
Cash generated from operations 1,539 1,311
(b) Decrease in working capital
2012
US$m
20 11
(Re-presented)
(Note 3)
US$m
Inventories 3(10)
Trade and other receivables (38) (33)
Trade and other payables 57 47
Difference between pension current service cost and contributions paid (2) -
Decrease in working capital 20 4
(c) Reconciliation of cash outflow in respect of exceptional items
2012
US$m
2011
US$m
Total exceptional items (note 13(a)) (12) 2
Interest received on legacy tax balances 4-
Working capital movements 5 42
Asset write-offs - (3)
Gain/(loss) on disposal of businesses 8 (21)
Cash outflow in respect of exceptional items 5 20
(d) Cash outflow in respect of tax
2012
US$m
20 11
(Re-presented)
(Note 3)
US$m
Tax paid on income of continuing operations 107 85
Tax paid on income of discontinued operations 93
Tax paid on disposal of discontinued operations (note 17(b)) -61
Cash outflow in respect of tax 116 149
(e) Purchase of other intangible assets
2012
US$m
20 11
US$m
Databases 218 175
Internal use software 55 48
Internally generated software 96 77
Purchase of other intangible assets 369 300