2018
£m
2017
£m
Profit for the year103.697.3
Adjustments for:
Investment revenue(0.2)(0.1)
Finance costs2.12.5
Taxation28.619.7
Depreciation of property, plant and equipment60.158.1
Amortisation of intangible assets5.66.2
Profit on disposal of property, plant and equipment(1.7)(0.7)
Share-based payments3.87.8
Impairment of fixed assets1.80.4
Loss on disposal of businesses0.6
EBITDA (See note 1)204.3191.2
(Increase)/decrease in inventories(3.9)0.5
Increase in receivables(4.0)(17.0)
Increase in payables5.110.2
Decrease in provisions(3.7)(2.1)
Cash generated by operations197.8182.8
Income taxes paid(24.5)(22.9)
Net cash from operating activities173.3159.9
2018
£m
2017
£m
Cash and cash equivalents comprise:
Cash and bank balances38.541.0
Bank overdrafts (included in borrowings)(2.3)(1.4)
36.239.6