Notes52 weeks to
31 March
52 weeks to
1 April
Cash flows from operating activities
Profit after tax for the period, before non-recurring items59.564.9
Non-recurring items(3.1)(1.4)
Profit after tax for the period56.463.5
Depreciation – property, plant and equipment21.623.8
Amortisation – intangible assets10.06.3
Net finance costs2.33.0
Loss on disposal of property, plant and equipment0.20.4
Equity-settled share-based payment transactions1.03.0
Fair value gain on derivative financial instruments(1.8)(0.4)
Income tax expense15.016.3
(Increase) in inventories(33.2)(8.6)
Decrease/(increase) in trade and other receivables2.3(4.9)
Increase in trade and other payables14.62.3
(Decrease) in provisions(0.2)(1.4)
Finance income received1.50.1
Finance costs paid (2.3)(2.3)
Income tax paid(15.3)(17.2)
Net cash from operating activities72.183.9
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 options1.42.7
Proceeds from loans, net of transaction costs297.0219.0
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 overdraftsI.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 periodI.(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.