Carphone Warehouse 2012 Annual Report Download - page 58

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Carphone Warehouse Group plc Annual Report 201254
2012 2011
£m £m
Operating activities
(Loss) profit before investment income, interest and taxation (53.7) 63.3
Adjustments for non‑cash items:
Share‑based payments 14.9 1.9
Non‑cash movements on joint ventures 34.1 (66.4)
Depreciation 1.0 0.8
Impairment 0.8 —
Operating cash flows before movements in working capital (2.9) (0.4)
(Increase) decrease in trade and other receivables (4.2) 0.2
Increase in trade and other payables —5.0
Decrease in provisions (4.3) (0.4)
Cash flows from operating activities (11.4) 4.4
Taxation paid (0.9) —
Net cash flows from operating activities (12.3) 4.4
Investing activities
Investment income received 813.2 0.6
Interest received 2.9 3.9
Acquisition of property, plant and equipment (0.5) (2.3)
Net receipts from joint ventures 9.9 14.6
Cash flows from investing activities 825.5 16.8
Financing activities
Settlement of financial instruments 1.5 2.7
Net purchase of own shares (27.7) (2.7)
Equity dividends paid (253.6) —
Shares redeemed (556.9) —
Interest paid (0.2) (0.6)
Repayment of VES loans 5.8 —
Cash flows from financing activities (831.1) (0.6)
Net (decrease) increase in cash and cash equivalents (17.9) 20.6
Cash and cash equivalents at the start of the year 120.6 100.0
Cash and cash equivalents at the end of the year 102.7 120.6
The accompanying notes are an integral part of this Consolidated Cash Flow Statement.
CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEARS ENDED 31 MARCH 2012 AND 31 MARCH 2011