| 2017
£m | 2016
£m |
|---|
| Profit for the year | 97.3 | 67.0 |
| | |
| Adjustments for: | | |
| Investment revenue | (0.1) | – |
| Finance costs | 2.5 | 2.6 |
| Taxation | 19.7 | 24.9 |
| Depreciation of property, plant and equipment | 58.1 | 54.1 |
| Amortisation of intangible assets | 6.2 | 5.6 |
| Profit on disposal of property, plant and equipment | (0.7) | (4.5) |
| Share-based payments | 7.8 | 0.5 |
| Impairment of fixed assets | 0.4 | 5.1 |
| Profit on disposal of businesses | – | (0.1) |
| EBITDA* | 191.2 | 155.2 |
| Decrease in inventories | 0.5 | 5.5 |
| Increase in receivables | (17.0) | (4.1) |
| Increase/(decrease) in payables | 10.2 | (6.7) |
| Decrease in provisions | (2.1) | (3.6) |
| Cash generated by operations | 182.8 | 146.3 |
| Income taxes paid | (22.9) | (20.4) |
| Net cash from operating activities | 159.9 | 125.9 |
* Earnings before interest, tax, depreciation, amortisation, impairment of fixed assets and other assets, profit or loss on disposal of property, plant and equipment, profit on sale of businesses and share-based payments.
| 2017
£m | 2016
£m |
| Cash and cash equivalents comprise: | | |
| Cash and bank balances | 41.0 | 12.0 |
| Bank overdrafts (included in borrowings) | (1.4) | (5.8) |
| 39.6 | 6.2 |