53 Finsbury Food Group Annual Report & Accounts 2019


Consolidated Cash Flow Statement for the 52 weeks ended 29 June 2019 and 30 June 2018


Note


Cash flows from operating activities Profit for the financial year


Adjustments for: Taxation


Net finance costs Depreciation


Amortisation of intangibles Significant non-recurring items


Contributions by employer to pension Scheme Change in fair value of foreign exchange contracts Operating profit before changes in working capital


Changes in working capital: Increase in inventories


(Increase)/decrease in trade and other receivables Decrease in trade and other payables


Cash generated from operations before costs of disposals and acquisitions


Costs relating to closure of bakeries and acquisitions Interest paid Tax paid


Net cash generated from operating activities


Cash flows from investing/divesting activities Purchase of property, plant and equipment and intangibles Disposal of property, plant and equipment Purchase of companies


Net cash used in investing activities


Cash flows from financing activities Repayment of invoice discounting Drawdown of revolving credit


Repayment of mortgage and bank loans Drawdown/(repayment) of asset finance liabilities


Options exercised/(purchase) of shares by employee benefit trust Dividend paid to non-controlling interest Dividend paid to shareholders


Net cash generated from/(used in) financing activities


Net increase in cash and cash equivalents Opening cash and cash equivalents


Effect of exchange rate fluctuations on cash held Cash and cash equivalents at end of period


The Notes on pages 54 to 81 form an integral part of these Financial Statements. 17


19 19 19 19


26 26


9 8


12 11 5


14 13


2019 £000


2018 £000


10,293


3,283 1,717 7,366 1,328 1,200 162 178


25,527 (62)


(3,321) (2,199) 19,945


(3,534) (856)


(2,040) 13,515


(11,016) -


2


(16,915) (27,931)


-


22,144 -


828


(499) (890)


(4,283) 17,300


2,884 9,363 111


12,358


3,164


1,311 762


7,041 715


13,067


(411) (49)


25,600 (757) 6,235


(4,160) 26,918


(4,594) (634)


(3,338) 18,352


(12,606) 768 -


(11,838)


(11,646) 25,000 (8,794) (57) 86


(799)


(3,958) (168)


6,346 3,024


(7) 9,363


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