Notes to the accounts

27. Cash-flow from operating activities

 

Year ended
31 July 2009
£m

Year ended
31 July 2008
£m

Profit before taxation – continuing and discontinued

365.1

346.1

Net interest payable

52.3

41.0

Financing losses/(gains)

 

 

– charged to administrative expenses

 

0.3

– charged to financing

10.9

6.1

Share of post-tax (profit)/loss from associate

(0.4)

1.0

Other finance income – retirement benefits

(5.1)

(41.7)

Profit on disposal of discontinued operation

5.7

(26.8)

 

428.5

326.0

Amortisation of intangible assets

55.2

31.0

Impairment of intangible assets

0.2

 

Profit on disposal of property, plant and equipment

(11.3)

(0.3)

(Profit)/loss on disposal of business

(1.6)

(27.2)

Depreciation of property, plant and equipment

62.2

53.2

Impairment of property, plant and equipment

3.8

0.3

Share-based payment expense

9.4

12.9

Retirement benefits

(112.5)

(37.0)

Decrease/(increase) in inventories

22.1

(21.4)

Decrease/(increase) in trade and other receivables

94.0

(10.0)

Decrease in trade and other payables

(79.9)

(56.9)

(Decrease)/increase in provisions

(24.9)

49.9

Cash generated from operations

445.2

320.5

Interest

(39.1)

(48.6)

Tax paid

(74.0)

(73.8)

Net cash inflow from operating activities

332.1

198.1



Smiths Group divisions:
Smiths Detection, Smiths Medical, John Crane, Smiths Interconnect, Flex-Tek

 

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Registered office 2nd Floor, Cardinal Place, 80 Victoria Street, London SW1E 5JL, UK
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