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Britvic plc

Cash flow

For the 52 weeks ended 27 September 2009

  Note 2009
£m		 2008
£m
Cash flows from operating activities
Profit before tax 66.2 51.8
Net finance charge 9 23.6 26.6
Impairment of property, plant and equipment 4.2 4.8
Depreciation 13 30.1 35.4
Amortisation 14 8.6 7.2
Share-based compensation 6.9 7.8
Net pension charge less contributions 24 (13.4) (12.4)
(Increase)/decrease in inventory (1.0) (2.0)
(Increase)/decrease in trade and other receivables (18.9) (15.3)
Increase in trade and other payables 41.8 44.4
Loss on disposal of tangible assets 1.7 3.0
Income tax paid   (18.9) (8.1)
Net cash flows from operating activities   130.9 143.2
Cash flows from investing activities
Proceeds from sale of property, plant and equipment 9.5 6.1
Interest received - 0.3
Purchases of property, plant and equipment (38.3) (45.3)
Purchases of intangible assets (11.9) (5.9)
Acquisition of subsidiary net of cash acquired   - (6.8)
Net cash flows used in investing activities   (40.7) (51.6)
Cash flows from financing activities
Finance costs (4.3) (0.2)
Interest paid (20.9) (26.7)
Net interest bearing loans (repaid)/received (7.3) (45.5)
Purchase of own shares (3.3) (8.1)
Dividends paid to equity shareholders 12 (27.8) (24.7)
Net cash flows from financing activities   (63.6) (105.2)
Net (decrease)/increase in cash and cash equivalents 26.6 (13.6)
Cash and cash equivalents at beginning of period 12.9 27.3
Exchange rate differences   0.2 (0.8)
Cash and cash equivalents at the end of the period 19 39.7 12.9
Actuarial losses on defined benefit pension scheme 24 (72.0) (29.9)
Current tax on additional pension contributions 10 2.8 2.9
Deferred tax on movement in pension liabilities 10 2.8 2.9
Movement in cash flow hedges net of deferred tax (0.8) 5.1
Deferred tax on share options granted to employees 10 1.4 (1.4)
Current tax on share options exercised 10 0.1 0.5
Exchange differences on translation of foreign operations   17.1 14.3
Net expense recognised directly in equity attributable to equity shareholders (34.5) (4.9)
Profit for the period attributable to equity shareholders   46.8 31.8
Total recognised income and expense for the period   12.3 26.9
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