Downloadable PDFs and Excel tables of the Interim Report 2008 are available below.


Notes to the Interim Report & Accounts
(unaudited)

18 Cash-flows from operating activities

 

 

Period ended
2 February
2008
£m

Period ended
3 February
2007
£m

Period ended
31 July
2007
£m

Profit before taxation - continuing operations

 

165.4

136.3

256.0

Profit before taxation - discontinued operations

 

8.9

59.4

1,613.4

 

 

174.3

195.7

1,869.4

Net interest payable

 

19.8

30.3

37.6

Financing losses/(gains)

 

 

 

 

– charged to administrative expenses

 

 

(0.1)

1.5

– charged to financing

 

5.2

18.2

(2.8)

Share of post-tax loss from associate

 

 

0.7

0.5

Other finance income – retirement benefits

 

(20.6)

(17.7)

(36.8)

Profit on sale of financial asset

 

 

 

(24.0)

Profit on disposal of discontinued operation

 

(8.9)

 

(1,469.6)

 

 

169.8

227.1

375.8

Amortisation of intangible assets

 

12.5

15.6

29.7

Impairment of intangible assets

 

 

 

2.2

Provision against non-current investment

 

 

0.3

 

Profit on disposal of property, plant and equipment

 

 

(0.7)

(0.4)

Profit/(loss) on disposal of business

 

(27.0)

(8.5)

5.2

Depreciation of property, plant and equipment

 

24.0

31.9

52.2

Impairment of property, plant and equipment

 

 

 

8.2

Share-based payment expense

 

6.6

9.5

13.9

Retirement benefits

 

(5.9)

3.5

(66.2)

(Increase) in inventories

 

(38.9)

(71.4)

(84.2)

Decrease/(increase) in trade and other receivables

 

30.8

20.1

(84.8)

(Decrease)/increase in trade and other payables

 

(60.2)

24.2

29.7

Increase in provisions

 

5.3

 

84.5

Cash generated from operations

 

117.0

251.6

365.8

Interest

 

(10.2)

(15.5)

(27.0)

Tax paid

 

(42.5)

(45.6)

(92.8)

Net cash inflow from operating activities

 

64.3

190.5

246.0

 


Smiths Group divisions:
Smiths Detection, Smiths Medical, Smiths Specialty Engineering

 

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Registered office 765 Finchley Road, London NW11 8DS
Incorporated in England No. 137013
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