| 2014
£m | 2013
£m |
|---|
| Profit for the year | 79.3 | 73.1 |
| | |
| Adjustments for: | | |
| Investment revenue | (0.1) | (0.1) |
| Finance costs | 3.4 | 3.8 |
| Taxation | 24.4 | 25.3 |
| Depreciation of property, plant and equipment | 50.3 | 51.9 |
| Amortisation of intangible assets | 4.8 | 5.5 |
| Profit on disposal of property, plant and equipment | (1.4) | (0.1) |
| Share-based payments | 1.9 | 3.6 |
| Impairment of fixed assets | 2.7 | 5.1 |
| EBITDA* | 165.3 | 168.1 |
| Increase in inventories | (3.4) | (0.3) |
| (Increase)/decrease in receivables | (2.2) | 0.2 |
| Decrease in payables | (9.6) | (4.3) |
| Increase/(decrease) in provisions | 0.5 | (1.8) |
| Cash generated by operations | 150.6 | 161.9 |
| Income taxes paid | (19.0) | (22.5) |
| Net cash from operating activities | 131.6 | 139.4 |
* Earnings before interest, tax, depreciation, amortisation, impairment of fixed assets, profit or loss on disposal of property, plant and equipment and share-based payments.
| 2014
£m | 2013
£m |
|---|
| Cash and cash equivalents comprise: | | |
| Cash and bank balances | 38.5 | 16.9 |
| Bank overdrafts (included in borrowings) | (2.5) | (1.6) |
| 36.0 | 15.3 |