| Notes | 52 weeks to
31 March
2017
£m | 52 weeks to
1 April
2016
£m |
|---|
| Cash flows from operating activities | | | |
| Profit after tax for the period, before non-recurring items | | 59.5 | 64.9 |
| Non-recurring items | | (3.1) | (1.4) |
| Profit after tax for the period | | 56.4 | 63.5 |
| Depreciation – property, plant and equipment | | 21.6 | 23.8 |
| Amortisation – intangible assets | | 10.0 | 6.3 |
| Net finance costs | | 2.3 | 3.0 |
| Loss on disposal of property, plant and equipment | | 0.2 | 0.4 |
| Equity-settled share-based payment transactions | | 1.0 | 3.0 |
| Fair value gain on derivative financial instruments | | (1.8) | (0.4) |
| Income tax expense | | 15.0 | 16.3 |
| (Increase) in inventories | | (33.2) | (8.6) |
| Decrease/(increase) in trade and other receivables | | 2.3 | (4.9) |
| Increase in trade and other payables | | 14.6 | 2.3 |
| (Decrease) in provisions | | (0.2) | (1.4) |
| Finance income received | | 1.5 | 0.1 |
| Finance costs paid | | (2.3) | (2.3) |
| Income tax paid | | (15.3) | (17.2) |
| Net cash from operating activities | | 72.1 | 83.9 |
| Cash flows from investing activities | | | |
| Acquisition of subsidiary, net of cash acquired | | (18.0) | — |
| Purchase of investment | | (4.1) | — |
| Purchase of intangible assets | | (18.4) | (12.5) |
| Purchase of property, plant and equipment | | (16.0) | (26.0) |
| Net cash used in investing activities | | (56.5) | (38.5) |
| Cash flows from financing activities | | | |
| Net proceeds from exercise of share options | | 1.4 | 2.7 |
| Proceeds from loans, net of transaction costs | | 297.0 | 219.0 |
| Repayment of borrowings | | (251.0) | (245.0) |
| Payment of finance lease liabilities | | (0.6) | (0.6) |
| Dividends paid | | (53.5) | (32.4) |
| Net cash used in financing activities | | (6.7) | (56.3) |
| Net (decrease)/increase in cash and bank overdrafts | I. | 8.9 | (10.9) |
| Cash and cash equivalents at the beginning of the period | | (10.8) | 0.1 |
| Cash and cash equivalents at the end of the period | I. | (1.9) | (10.8) |
Cash and cash equivalents at the period end consist of £16.5m (2016: £11.9m) of liquid assets and £18.4m (2016: £22.7m) of bank overdrafts.
The Notes to the Financial Statements and the Notes to the Financial Statements - Company are an integral part of these consolidated financial statements.