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Condensed financial statements

Notes to the condensed financial statements

  1. Segmental analysis
  2. Basis of preparation
  3. Taxation
  4. Earnings per ordinary share
  5. Ordinary dividends
  6. Notes to the consolidated cash flow statement
  7. Non-GAAP measures
  8. Other matters
  9. Responsibility statement

6 Notes to the consolidated cash flow statement

Unaudited
26 weeks to
29 September
2007
£000		 Unaudited
26 weeks to
30 September
2006
£000		 Audited
52 weeks to
31 March
2007
£000
Reconciliation of profit from operations to net cash inflow from operating activities
Profit from continuing operations before taxation 32,342 30,017 64,462
Depreciation and amortisation of computer software 4,348 4,026 8,147
Amortisation of capitalised development costs 810 857 1,528
Amortisation of acquired intangible assets 1,968 1,452 3,458
Share-based payment expense in excess of amounts paid 1,064 655 1,317
Pension plan payments in excess of current service cost (3,162) (1,833) (4,233)
Profit on sale of property, plant and equipment and computer software (498) (295) (314)
Operating cash flows before movement in working capital 36,872 34,879 74,365
Increase in inventories (927) (1,469) (1,648)
Decrease/(increase) in receivables 544 4,379 (3,673)
(Decrease)/increase in payables (5,232) (6,153) 1,215
Cash generated from operations 31,257 31,636 70,259
Taxation paid (5,294) (8,238) (19,505)
Net cash inflow from operating activities 25,963 23,398 50,754
Reconciliation of net cash flow to movement in net (debt)/cash
Increase/(decrease) in cash and cash equivalents 3,042 (5,582) (11,066)
Drawdown of borrowings (2,300) - -
Exchange adjustments 577 (258) (163)
1,319 (5,840) (11,229)
Net (debt)/cash brought forward (7,711) 3,518 3,518
Net debt carried forward (6,392) (2,322) (7,711)