Question
prepare a horizontal analysis of Cash Flows for 2010 and 2011 Horizontal Analysis of Cash Flows Note 2011 2010 Cash flows from operating activities m
prepare a horizontal analysis of Cash Flows for 2010 and 2011
Horizontal Analysis of Cash Flows
Note | 2011 | 2010 | ||
Cash flows from operating activities | m | m | % change | |
Cash generated from operations | 32 | 137.5 | 200.4 | (31.4) |
Finance income | 0.1 | 0.1 | 0 | |
Finance costs | (11.1) | (11.2) |
| |
Tax received/(paid) | 1.3 | (16.3) |
| |
Net cash generated from operating activities | 127.8 | 173.0 |
| |
| ||||
Cash flows from investing activities |
| |||
Purchase of property, plant and equipment | (105.3) | (72.6) |
| |
Purchase of intangible assets | (30.7) | (52.2) |
| |
Proceeds from the sale of property, plant and equipment | 7.1 |
| ||
Investment in associate | (7.5) |
| ||
Net cash used in investing activities | (136.4) | (124.8) |
| |
| ||||
Cash flows from financing activities |
| |||
Drawdown/(repayment) of revolving credit facility | 22 | 66.0 | (25.0) |
|
Dividends paid | 12 | (35.6) | (42.0) |
|
Purchase of shares by Debenhams Retail Employment Trust 2004 | 29 | (0.8) |
| |
Finance lease payments | (1.6) | (1.6) |
| |
Debt amendment costs | (0.8) |
| ||
Net cash generated from/(used in) financing activities | 28.0 | (69.4) |
| |
| ||||
Net increase/(decrease) in cash and cash equivalents | 19.4 | (21.2) |
| |
Net cash and cash equivalents at beginning of financial year | 19.7 | 40.8 |
| |
Foreign exchange (losses)/gains on cash and cash equivalents | (0.2) | 0.1 |
| |
Net cash and cash equivalents at end of financial year | 33 | 38.9 | 19.7 |
|
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