Consolidated Cash Flow Statement For the year ended 30 April 2017

Cash flows from operating activities
Profit before taxation from continuing operations21.911.3
Loss before taxation from discontinued operations(1.0)
Finance income7(0.1)
Finance costs83.03.3
Other finance costs91.51.4
Loss on disposal of property, plant and equipment0.20.7
Share-based payments1.31.8
Change in value of contingent consideration since disposal1.0
Pension charge in excess of cash contributions0.10.4
(Increase)/decrease in inventories(2.7)1.5
Decrease in trade and other receivables0.75.4
Increase/(decrease) in trade and other payables1.0(3.0)
(Decrease)/increase in provisions(3.4)0.1
(Decrease)/increase in derivative financial instruments(0.1)0.1
Cash generated from operations48.946.7
Interest paid(2.9)(2.8)
Defined benefit scheme(2.0)(0.7)
Tax paid(3.3)(6.5)
Net cash inflow from operating activities40.736.7
Cash flows from investing activities
Purchases of property, plant and equipment(18.0)(21.1)
Purchases of intangible assets(0.1)(0.4)
Proceeds from sale of property, plant and equipment2.0
Net proceeds on disposal of businesses1.5
Interest received0.10.1
Purchase of equity investment16(3.1)(2.0)
Net cash outflow from investing activities(21.1)(19.9)
Cash flows from financing activities
Proceeds from issues of ordinary share capital240.60.3
Purchase of own shares(3.0)(2.2)
Equity dividends paid to shareholders12(9.6)(9.0)
Proceeds from new bank funding12.314.0
Repayment of amounts borrowed(16.4)(48.3)
Net cash used in financing activities(16.1)(45.2)
Net increase/(decrease) in cash and cash equivalents3.5(28.4)
Effects of exchange rate changes(0.3)(0.6)
Cash and cash equivalents at start of year16.245.2
Cash and cash equivalents at end of year1919.416.2