Marks and Spencer 2007 Annual Report Download - page 89

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wwwwww..mmaarrkkssaannddssppeenncceerr..ccoomm//aannnnuuaallrreeppoorrtt22000077MARKS AND SPENCER GROUP PLC 8877
Executive Team Your Board Financial
Review Governance Financials
Shareholder
Information
29 ANALYSIS OF CASH FLOWS GIVEN IN THE CASH FLOW STATEMENT continued
52 weeks 52 weeks
ended ended
31 March 1 April
2007 2006
C Capital expenditure and financial investment £m £m
Purchase of property, plant and equipment (666.9) (298.5)
Proceeds from sale of property, plant and equipment 2.9 45.1
Purchase of intangible fixed assets (46.5) (10.9)
Sale/(purchase) of non-current financial assets 0.3 (3.0)
(Purchase)/sale of current financial assets (2.6) 1.0
(712.8) (266.3)
D Other debt financing
Cash inflow/(outflow) from borrowings 21.6 (144.6)
Drawdown/(repayment) of syndicated bank facility 296.4 (200.0)
Redemption of securitised loan notes (319.6) (3.1)
Redemption of medium term notes (818.2) (58.3)
Issue of medium term notes 397.5 –
Decrease in obligations under finance leases (2.2) (3.0)
Redemption of B shares (54.7) (11.0)
(479.2) (420.0)
E Other equity financing
Shares issued on exercise of employee share options 44.9 61.8
Purchase of own shares held by employee trust (18.4) (6.0)
Purchase of call option for Company’s shares (17.3) –
9.2 55.8
F Exceptional operating cash flows
UK restructuring costs (2.8) (7.0)
Closure of Lifestore (0.7) (6.7)
Closure of European operations (0.7) (0.7)
Defence costs –(0.2)
(4.2) (14.6)
Additions to property, plant and equipment during the year amounting to £13.6m (last year £1.3m) were financed by new finance
leases.