Carphone Warehouse 2015 Annual Report Download - page 136

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Dixons Carphone plc Annual Report and Accounts 2014/15
Financial statements
Notes to the Group financial statements
134
26 Notes to the cash flow statement
a) Reconciliation of operating loss to net cash inflow from operating activities
13 months
ended
2 May
2015
£million
Year
ended
29 March
2014
£million
Profit / (loss) before interest and tax – continuing operations 324 86
Depreciation and amortisation 149 40
Share-based payment charge 10 4
Non-cash movements on joint ventures — 19
Impairments and other non-cash items 4 —
Operating cash flows before movements in working capital 487 149
Movements in working capital:
Decrease in inventory 6 81
(Increase) / decrease in receivables (89) 114
(Decrease) / increase in payables (289) 89
Decrease in provisions (5) (20)
(377) 264
Cash generated from operations – continuing operations 110 413
b) Analysis of net debt
30 March
2014
£million
Cash flow
£million
Merger
£million
Other
non-cash
movements
£million
Currency
translation
£million
2 May
2015
£million
Cash and cash equivalents 283 (120) — — — 163
Short-term investments — —— — — —
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 (debt) / funds (8) 81 (382) (4) — (313)
1 April
2013
£million
Cash flow
£million
Acquisitions
£million
Other
non-cash
movements
£million
Currency
translation
£million
29 March
2014
£million
Cash and cash equivalents 117 166 — — — 283
Borrowings due within one year — — — — — —
Borrowings due after more than one year — (19) (271) — — (290)
Obligations under finance leases — 2 (3) — — (1)
— (17) (274) — — (291)
Net funds / (debt) 117 149 (274) — — (8)