Carphone Warehouse 2009 Annual Report Download - page 49

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www.cpwplc.com 45
Financial Statements
Consolidated Cash Flow Statement
For the year ended 31 March 2009
Restated
2009 2008
Notes £m £m
Operating activities
Prot (loss) before interest and taxation 17 (41)
Adjustments for non-cash items:
Share-based payments 7 6 9
Non-cash movements on joint ventures and associates (5) 6
Depreciation 41 34
Amortisation 87 88
Impairment of non-current asset investments 5 –
Loss on disposal of property, plant and equipment – 1
Operating cash flows before movements in working capital 151 97
Decrease in trade and other receivables 4 16
Increase in stock – (1)
Decrease in trade and other payables (44) –
Increase (decrease) in provisions 11 (4)
Cash flows from operating activities – continuing 122 108
Cash flows from operating activities – discontinued (153) 202
Cash flows from operating activities (31) 310
Investing activities
Interest received 26 6
Disposal of subsidiaries, net of cash disposed 4 937 –
Acquisition of subsidiaries, net of cash acquired 15 (76) (68)
Acquisition of intangible assets (47) (54)
Acquisition of property, plant and equipment (59) (126)
Acquisition of non-current asset investments (1) –
Investment in joint ventures and associates (47) (7)
Cash flows from investing activities – continuing 733 (249)
Cash flows from investing activities – discontinued (25) (68)
Cash flows from investing activities 708 (317)
Financing activities
Proceeds from the issue of share capital – 49
Net purchase of own shares (51) (35)
(Decrease) increase in borrowings 26 (621) 38
Financing provided to Best Buy Europe (28) –
Interest paid (30) (51)
Dividends paid 10 (38) (31)
Cash flows from financing activities – continuing (768) (30)
Cash flows from financing activities – discontinued (3) 6
Cash flows from financing activities (771) (24)
Net decrease in cash and cash equivalents (94) (31)
Cash and cash equivalents at the start of the year 68 99
Effect of exchange rate uctuations (1) –
Cash and cash equivalents at the end of the year 26 (27) 68
Cash and cash equivalents for the purposes of this statement comprise:
Cash and cash equivalents 21 6 88
Bank overdrafts 21 (33) (20)
(27) 68