Carphone Warehouse 2014 Annual Report Download - page 65

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Carphone Warehouse Group plc
Annual Report 2014 63
FINANCIAL STATEMENTS
Consolidated cash flow statement
for the years ended  March  and  March 
Restated
2014 2013
Notes £m £m
Operating activities
Profit before interest and taxation 76 1
Adjustments for non-cash items:
Share-based payments 4—
Non-cash movements on joint ventures 19 2
Depreciation of property, plant and equipment 18 1
Amortisation of acquisition intangibles 16 —
Amortisation of other intangibles 16 —
Impairment of property, plant and equipment —1
Profit on disposal of property, plant and equipment —(3)
Operating cash flows before movements in working capital 149 2
Decrease in trade and other receivables 107 19
Decrease in stock 97 —
Increase in trade and other payables 125 7
Decrease in provisions (20) (3)
Cash flows from operating activities 458 25
Taxation paid (16) (1)
Net cash flows from operating activities 442 24
Investing activities
Interest received 22
Net cash outflow arising from CPW Europe Acquisition 23 (317) —
Proceeds from disposal of property, plant and equipment 10 40
Proceeds on sale of current investments 5—
Acquisition of property, plant and equipment (18) —
Acquisition of intangible assets (42) —
Net receipts from joint ventures 24
Cash flows from investing activities (358) 46
Financing activities
Settlement of financial instruments 3—
Interest paid (14) —
Repayment of obligations under finance leases (2) —
Net purchase of own shares (12) —
Equity dividends paid 22 (30) (23)
Net drawdown of borrowings 19 19 —
Facility arrangement fees paid (6) —
Issue of shares 124 —
Shares redeemed 22 —(33)
Cash flows from financing activities 82 (56)
Net increase in cash and cash equivalents 166 14
Cash and cash equivalents at the start of the year 117 103
Cash and cash equivalents at the end of the year 15 283 117
The accompanying notes are an integral part of this consolidated cash flow statement.