66


Finsbury Food Group Annual Report and Accounts 2020


Consolidated Cash Flow Statement for the 52 weeks ended 27 June 2020 and 29 June 2019


Note


Cash flows from operating activities Profit for the financial year


Adjustments for: Depreciation


Depreciation right of use assets Significant non-recurring items Net finance costs Taxation


Amortisation of intangibles Impairment of goodwill Impairment of fixed assets


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


Changes in working capital: Decrease/(increase) in inventories


Decrease/(increase) 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 Lease payments Interest paid Tax paid


Net cash generated from operating activities


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


Net cash used in investing activities


Cash flows from financing activities (Repayment)/drawdown of revolving credit (Repayment)/drawdown of asset finance liabilities 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 (decrease)/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 67 to 99 form an integral part of these Financial Statements. 17


19 19


26 26


3 3 4 7 8


10 10 12 13 14


2020 £000


2019 £000


107


7,656 1,919 1,594 1,867 2,761 1,734 7,500 1,237 73


(200) 26,248 210 9,949


(9,192) 27,215


(1,887) (3,362) (1,088) (1,822) 19,056


21, 29


(4,703) (1,000) (5,703)


(10,960) -


(969) (844)


(2,975) (15,748)


(2,395) 12,358 210


10,173


10,293


7,366 -


1,200 1,717 3,283 1,328 - -


178 162


25,527 (62)


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


(3,534) -


(856)


(2,040) 13,515


(11,016) (16,915) (27,931)


22,144 828


(499) (890)


(4,283) 17,300


2,884 9,363 111


12,358


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