QuestionCompare the cash generation and uses of Sainsburys in 2017 relative to 2016. In particular, comparatively assess the strengths and weaknesses of each part (CFO, CFI and CFF).

Consolidated balance sheet At 11 March 2017 and 12 March 2016 2017 Em 2016 Em Note Non-current assets Property, plant and equipment Intangible assets Investments in joint ventures and associates Available-for-sale financial assets Other receivables Amounts due from Financial Services customers Derivative financial instruments 10 11 12 13 15a 15b 24 10,006 742 237 435 69 1,916 10 13,415 9,764 329 327 340 103 1649 17 12,529 Current assets Inventories Trade and other receivables Amounts due from Financial Services customers Available-for-sale financial assets Derivative financial instruments Cash and cash equivalents 14 15a 15b 13 24 25b 1,775 574 2,686 100 94 1,083 6,312 10 6,322 19,737 968 508 1,695 48 51 1,143 4413 31 4.444 16.973 Assets held for sale 16 Total assets Current liabilities Trade and other payables Amounts due to Financial Services customers and other deposits Borrowings Derivative financial instruments Taxes payable Provisions 17a 17b 27 24 3,077) 6.173) (223) (3,741) (4,284) (172) (22) (219) (135) (8,573) (43) 18 (158) (46) (6,720) Liabilities held for sale 16 (8,573) (2,251) (6.724) (2.280) Net current liabilities Non-current liabilities Other payables Amounts due to Financial Services customers and other deposits Borrowings Derivative financial instruments Deferred income tax liability Provisions Retirement benefit obligations 17a 17b 27 24 7 18 29 (304) (637) (2,039) (38) (172) (128) (974) (4,292) 6,872 (269) (582) (2.190) (69) (237) (129) (408) (3.884) 6.365 Net assets Equity Called up share capital Share premium account Capital redemption reserve Merger reserve Other reserves Retained earnings Total equity before perpetual securities Perpetual capital securities Perpetual convertible bonds Total equity 550 1.114 680 19 19 20 19 20 22 625 1,120 680 568 193 155 3.370 5,869 248 248 6,365 3,190 6,376 248 248 6,872 21 21 Consolidated cash flow statement for the 52 weeks to 11 March 2017 2016 Note 25a 1.323 Cash flows from operating activities Cash generated from operations Interest and Corporation tax paid Net cash generated from operating activities [28) (95) (75) 1.153 29 390 (634 (110) 55 (546) 64) 109 12 101 Cash flows from investing activities Purchase of property plant and equipment Purchase of intangible assets Proceeds from disposal of property, plant and equipment Receipt of advance disposal proceeds Acquisition of subsidiaries.net of cash acquired Capital retum to Home Retail Group plc shareholders Share issuance costs on a qustion of Home Retail Groupple Investment in joint ventures Disposal of subsidiaries Interest received Dividends and distributions receved Net cash used in investing activities 31 31 31 12 226 (3) (16) (18) (1) 12 18 65 46 (400) 75 448 (432) (130) 95) 038) 247 21 Cash flows from financing activities Proceeds from issuance of ordinary shee Drawdown of shorterm borrowings Repayment of short-term borrowing Repayment of bng-term borrowings Proceeds from the sue of perpetual capital securtis Proceeds from the sue of perpetual convertble bonds Purchase of own shares Repayment of capital element of obligations under finance lese payments Interest dements of obligations under finance lase payments Dividendspaid on ordinary shers Dividends paid on perpetual securities Net cash used in financing activities 21 (20) (30) e) 9 (37) (8) (230) (23) (466) (128) Net decrease in cash and cash equivalents (63) 1136) 1140 1,276 Opening cash and cash equvdients Effects of foreignexchange rates Closing cash and cash equivalents The potesses forma interest of these final statements 250 1077 1140 Consolidated balance sheet At 11 March 2017 and 12 March 2016 2017 Em 2016 Em Note Non-current assets Property, plant and equipment Intangible assets Investments in joint ventures and associates Available-for-sale financial assets Other receivables Amounts due from Financial Services customers Derivative financial instruments 10 11 12 13 15a 15b 24 10,006 742 237 435 69 1,916 10 13,415 9,764 329 327 340 103 1649 17 12,529 Current assets Inventories Trade and other receivables Amounts due from Financial Services customers Available-for-sale financial assets Derivative financial instruments Cash and cash equivalents 14 15a 15b 13 24 25b 1,775 574 2,686 100 94 1,083 6,312 10 6,322 19,737 968 508 1,695 48 51 1,143 4413 31 4.444 16.973 Assets held for sale 16 Total assets Current liabilities Trade and other payables Amounts due to Financial Services customers and other deposits Borrowings Derivative financial instruments Taxes payable Provisions 17a 17b 27 24 3,077) 6.173) (223) (3,741) (4,284) (172) (22) (219) (135) (8,573) (43) 18 (158) (46) (6,720) Liabilities held for sale 16 (8,573) (2,251) (6.724) (2.280) Net current liabilities Non-current liabilities Other payables Amounts due to Financial Services customers and other deposits Borrowings Derivative financial instruments Deferred income tax liability Provisions Retirement benefit obligations 17a 17b 27 24 7 18 29 (304) (637) (2,039) (38) (172) (128) (974) (4,292) 6,872 (269) (582) (2.190) (69) (237) (129) (408) (3.884) 6.365 Net assets Equity Called up share capital Share premium account Capital redemption reserve Merger reserve Other reserves Retained earnings Total equity before perpetual securities Perpetual capital securities Perpetual convertible bonds Total equity 550 1.114 680 19 19 20 19 20 22 625 1,120 680 568 193 155 3.370 5,869 248 248 6,365 3,190 6,376 248 248 6,872 21 21 Consolidated cash flow statement for the 52 weeks to 11 March 2017 2016 Note 25a 1.323 Cash flows from operating activities Cash generated from operations Interest and Corporation tax paid Net cash generated from operating activities [28) (95) (75) 1.153 29 390 (634 (110) 55 (546) 64) 109 12 101 Cash flows from investing activities Purchase of property plant and equipment Purchase of intangible assets Proceeds from disposal of property, plant and equipment Receipt of advance disposal proceeds Acquisition of subsidiaries.net of cash acquired Capital retum to Home Retail Group plc shareholders Share issuance costs on a qustion of Home Retail Groupple Investment in joint ventures Disposal of subsidiaries Interest received Dividends and distributions receved Net cash used in investing activities 31 31 31 12 226 (3) (16) (18) (1) 12 18 65 46 (400) 75 448 (432) (130) 95) 038) 247 21 Cash flows from financing activities Proceeds from issuance of ordinary shee Drawdown of shorterm borrowings Repayment of short-term borrowing Repayment of bng-term borrowings Proceeds from the sue of perpetual capital securtis Proceeds from the sue of perpetual convertble bonds Purchase of own shares Repayment of capital element of obligations under finance lese payments Interest dements of obligations under finance lase payments Dividendspaid on ordinary shers Dividends paid on perpetual securities Net cash used in financing activities 21 (20) (30) e) 9 (37) (8) (230) (23) (466) (128) Net decrease in cash and cash equivalents (63) 1136) 1140 1,276 Opening cash and cash equvdients Effects of foreignexchange rates Closing cash and cash equivalents The potesses forma interest of these final statements 250 1077 1140