Marks and Spencer 2009 Annual Report Download - page 84

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Marks and Spencer Group plc Annual report and financial statements 2009 Financial statements
Consolidated cash flow information
80
Notes
52 weeks
ended
28 March
2009
£m
52 weeks
ended
29 March
2008
£m
Consolidated cash flow statement
Cash flows from operating activities
Cash generated from operations 28 1,371.9 1,236.0
Tax paid (81.3) (166.2)
Net cash inflow from operating activities 1,290.6 1,069.8
Cash flows from investing activities
Acquisition of subsidiaries, net of cash acquired –(46.4)
Purchase of property, plant and equipment (540.8) (958.4)
Proceeds from sale of property, plant and equipment 58.3 91.6
Purchase of intangible assets (121.6) (60.6)
Purchase of non-current financial assets (4.4) –
(Purchase)/sale of current financial assets (1.1) 2.8
Interest received 12.7 4.8
Net cash outflow from investing activities (596.9) (966.2)
Cash flows from financing activities
Interest paid (197.1) (88.9)
Cash (outflow)/inflow from borrowings (25.8) 8.7
Drawdown/(repayment) of syndicated bank facility 108.1 317.6
Issue of medium-term notes –631.7
Payment of liability to the Marks & Spencer UK Pension Scheme (15.1) –
Repayments under finance leases (1.0) (3.5)
Equity dividends paid (354.6) (343.6)
Shares issued on exercise of employee share options 5.3 31.6
Shares purchased in buy back (40.9) (555.9)
Purchase of own shares by employee trust –(31.9)
Net cash outflow from financing activities (521.1) (34.2)
Net cash inflow from activities 172.6 69.4
Effects of exchange rate changes 7.8 1.5
Opening net cash 117.9 47.0
Closing net cash 29 298.3 117.9
Notes
52 weeks
ended
28 March
2009
£m
52 weeks
ended
29 March
2008
Restated
£m
Reconciliation of net cash flow to movement in net debt
Opening net debt (3,077.7) (1,949.5)
Net cash inflow from activities 172.6 69.4
Increase/(decrease) in current financial assets 1.1 (2.8)
Increase in debt financing (66.2) (954.5)
Debt financing net of liquid resources acquired with subsidiaries –(29.6)
Partnership liability to the Marks & Spencer UK Pension Scheme (non-cash) 539.6 (199.0)
Exchange and other non-cash movements (60.2) (11.7)
Movement in net debt 586.9 (1,128.2)
Closing net debt 29 (2,490.8) (3,077.7)