| Dec'17 | Dec'16 | Dec'15 | ||||
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Profit before taxation | ||||||
879,000 | 1,062,000 | 559,000 | ||||
Net interest expense | ||||||
51,000 | 46,000 | 38,000 | ||||
Depreciation, amortisation and impairment | ||||||
447,000 | 463,000 | 493,000 | ||||
Loss on disposal of property, plant and equipment and software | ||||||
-13,000 | -15,000 | -15,000 | ||||
Distribution from trade investments | ||||||
- | - | -3,000 | ||||
Share-based payments expense (equity settled) | ||||||
31,000 | 27,000 | 29,000 | ||||
Share of results of associates | ||||||
6,000 | -3,000 | -16,000 | ||||
Profit on disposal of business | ||||||
- | 326,000 | - | ||||
Net movement in post-retirement benefit obligations | ||||||
-40,000 | -85,000 | -57,000 | ||||
Increase in inventories | ||||||
-17,000 | -47,000 | -83,000 | ||||
Increase in trade and other receivables | ||||||
-40,000 | -74,000 | -26,000 | ||||
(Decrease)/increase in trade and other payables and provisions | ||||||
-45,000 | -49,000 | 216,000 | ||||
Cash generated from operations | ||||||
1,273,000 | 1,035,000 | 1,203,000 | ||||
Interest received | ||||||
2,000 | 3,000 | 8,000 | ||||
Interest paid | ||||||
50,000 | 48,000 | 44,000 | ||||
Income taxes paid | ||||||
135,000 | 141,000 | 137,000 | ||||
Net cash inflow from operating activities | ||||||
1,090,000 | 849,000 | 1,030,000 | ||||
Cash flows from investing activities | ||||||
Acquisitions, net of cash acquired | ||||||
159,000 | 214,000 | 44,000 | ||||
Capital expenditure | ||||||
376,000 | 392,000 | 358,000 | ||||
Investment in associate | ||||||
- | - | 25,000 | ||||
Purchase of investments | ||||||
8,000 | 2,000 | 2,000 | ||||
Proceeds on disposal of business | ||||||
- | 343,000 | - | ||||
Tax on disposal of business | ||||||
- | -118,000 | - | ||||
Net cash used in investing activities | ||||||
-543,000 | -383,000 | -429,000 | ||||
Cash flows from financing activities | ||||||
Proceeds from issue of ordinary share capital | ||||||
5,000 | 10,000 | 16,000 | ||||
Purchase of own shares | ||||||
52,000 | 368,000 | 77,000 | ||||
Proceeds from borrowings due within one year | ||||||
53,000 | 34,000 | 42,000 | ||||
Settlement of borrowings due within one year | ||||||
64,000 | 38,000 | 26,000 | ||||
Proceeds from borrowings due after one year | ||||||
570,000 | 890,000 | 831,000 | ||||
Settlement of borrowings due after one year | ||||||
706,000 | 759,000 | 1,062,000 | ||||
Proceeds from own shares | ||||||
5,000 | 6,000 | 5,000 | ||||
Settlement of currency swaps | ||||||
-24,000 | 25,000 | 15,000 | ||||
Equity dividends paid | ||||||
269,000 | 279,000 | 272,000 | ||||
Net cash used in financing activities | ||||||
-434,000 | -529,000 | -558,000 | ||||
Net increase/(decrease) in cash and cash equivalents | ||||||
113,000 | -63,000 | 43,000 | ||||
Exchange adjustments | ||||||
4,000 | -1,000 | -6,000 | ||||
Restructuring and rationalisation expenses | ||||||
15,000 | 62,000 | 52,000 | ||||
Acquisition-related costs | ||||||
3,000 | 24,000 | 36,000 | ||||
Legal and other costs | ||||||
25,000 | 36,000 | 3,000 | ||||