Experian 2015 Annual Report Download - page 165

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Notes to the Group financial statements
for the year ended 31 March 2015 continued
38. Notes to the Group cash flow statement continued
(b) Increase in working capital
2015
US$m
2014
US$m
Inventories (1) 3
Trade and other receivables (42) (6)
Trade and other payables 42 (33)
Increase in working capital (1) (36)
(c) Reconciliation of cash outflow in respect of restructuring programme
2015
US$m
2014
US$m
Charge for restructuring costs (note 13) – 68
Working capital movements 12 4
Asset write-offs – (7)
Cash outflow in respect of restructuring programme 12 65
(d) Cash outflow in respect of tax
2015
US$m
2014
US$m
Tax paid – continuing operations 145 174
Tax recovery on disposal transaction – discontinued operations (note 17(a)) (32) (144)
Cash outflow in respect of tax 113 30
(e) Cash flows on acquisitions (non-GAAP measure)
2015
US$m
2014
US$m
Purchase of subsidiaries (note 39) 61 1,235
Net cash acquired with subsidiaries (3) (13)
Deferred consideration settled – 1
As reported in the Group cash flow statement 58 1,223
Acquisition expenses paid 1 8
Payments to acquire non-controlling interests 8 19
Cash outflow for acquisitions (non-GAAP measure) 67 1,250
(f) Cash outflow in respect of net share purchases (non-GAAP measure)
2015
US$m
2014
US$m
Issue of ordinary shares (14) (13)
Net cash (inflow)/outflow on vesting of share awards and exercise of share options (2) 55
Purchase of shares held as treasury shares 170 203
Purchase of shares by employee trusts 38 126
Cash outflow in respect of net share purchases (non-GAAP measure) 192 371
As reported in the Group cash flow statement:
Cash inflow in respect of net share purchases (16) (13)
Cash outflow in respect of net share purchases 208 384
192 371
(g) Analysis of cash and cash equivalents
2015
US$m
2014
US$m
Cash and cash equivalents in the Group balance sheet 147 212
Bank overdrafts (2) (4)
Cash and cash equivalents in the Group cash flow statement 145 208
164 •Financial statements Notes to the Group nancial statements