Notes52 weeks to
29 March
52 weeks to
30 March
Cash flows from operating activities
Profit after tax for the period, before non-underlying items48.358.4
Non-underlying items(6.4)(3.7)
Profit after tax for the period41.954.7
Depreciation and impairment – property, plant and equipment1123.024.0
Amortisation – intangible assets1013.010.9
Net finance costs63.42.7
Loss on disposal of property, plant and equipment and intangibles35.54.1
Equity-settled share-based payment transactions0.30.4
Exchange movement(0.3)1.9
Income tax expense9.112.4
Decrease/(increase) in inventories11.9(4.4)
(Increase)/decrease in trade and other receivables(3.1)2.4
(Decrease) in trade and other payables(19.2)(10.6)
Increase/(decrease) in provisions2.7(1.4)
Finance income received0.1
Finance costs paid(3.1)(2.0)
Income tax paid(12.7)(16.1)
Net cash from operating activities72.479.1
Cash flows from investing activities
Acquisition of subsidiary, net of cash acquired(5.1)
Purchase of investment(0.5)(3.5)
Purchase of intangible assets(11.0)(18.0)
Purchase of property, plant and equipment(18.4)(19.0)
Net cash used in investing activities(29.9)(45.6)
Cash flows from financing activities
Net proceeds from share options and purchase of own shares(0.6)0.1
Proceeds from loans, net of transaction costs1,138.7415.2
Repayment of borrowings(1,159.0)(404.0)
Payment of finance lease liabilities(0.6)(0.6)
Dividends paid8(35.9)(34.8)
Net cash used in financing activities(57.4)(24.1)
Net (decrease)/increase in cash and bank overdrafts1(14.9)9.4
Cash and cash equivalents at the beginning of the period7.5(1.9)
Cash and cash equivalents at the end of the period1(7.4)7.5

Cash and cash equivalents at the period end consist of £9.8m (2018: £27.0m) of liquid assets and £17.2m (2018: £19.5m) of bank overdrafts.

The notes to the financial statements are an integral part of these consolidated financial statements.