Peachtree 2011 Annual Report Download - page 15

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High cash generation continues
£m £m £m
EBITA 365.1 Cash flow from
continuing operations
405.1 Net debt
1 October 2010
(219.8)
Depreciation/amortisation/
profit on disposal
29.3 Cash flow from
discontinued operations
15.4 Free cash flow 287.0
Share-based payments 3.2 Interest (11.1) Acquisitions/disposals 0.6
Working capital change (19.7) Tax (92.5) Dividends (104.0)
Deferred income change 29.9 Net capex (29.9) Exchange movement (1.9)
Exchange
movement/other
(2.7) Other 13.2
Cash flow from
continuing operations
405.1 Free cash flow 287.0 Net debt
30 September 2011
(24.9)
Cash: profit conversion 111% Interest cover 27.5x FCF Dividend cover 2.8x
15