Note2018
52 weeks
£'m
2017
52 weeks
£'m
Profit before taxation93.192.4
Adjustment for exceptional operating costs38.916.9
Adjustment for net financing costs72.72.4
Operating profit before exceptional operating costs104.7111.7
Depreciation and amortisation533.529.3
Loss on disposal of non-current assets51.41.2
Operating cash flows before exceptional operating costs and movements in working capital139.6142.2
Decrease/(increase) in inventories8.6(45.0)
Decrease/(increase) in trade and other receivables2.5(4.6)
(Decrease)/increase in payables(31.4)23.4
Net movement in working capital before exceptional operating costs(20.3)(26.2)
Share-based payments expense/(credit)60.3(0.3)
Interest received0.1
Tax paid(18.9)(25.0)
Net cash generated from operating activities before exceptional operating costs100.790.8
Cash flows in respect of exceptional operational costs3(2.2)(11.3)
Net cash generated from operating activities98.579.5
 
Cash flows from investing activities
Acquisition of intangible assets(12.1)(11.4)
Proceeds on exceptional disposal of property, plant and equipment and intangible assets30.60.2
Acquisition of property, plant and equipment(34.1)(46.6)
Amounts due to secured creditor on acquisition2(7.5)
Net cash used in investing activities(45.6)(65.3)
 
Cash flows from financing activities
Proceeds from issue of treasury shares221.30.9
Purchase of treasury shares22(4.2)
Drawdowns on revolving credit facility1910.050.0
Repayments of revolving credit facility19(10.0)(5.0)
Interest paid7(1.9)(1.4)
Loan transaction costs(0.8)
Ordinary dividends paid9(53.4)(51.6)
Net cash flows used in financing activities(54.8)(11.3)
 
Net (decrease)/increase in cash and cash equivalents(1.9)2.9
Foreign exchange revaluations(0.5)(0.4)
Cash and cash equivalents at the beginning of the period1617.414.9
Cash and cash equivalents at the end of the period1615.017.4