Punch Taverns plc 2007 Annual Report and Financial Statements

Company cash flow statement
for the 52 weeks ended 18 August 2007
Notes
52 weeks to
18 August
2007
£m
52 weeks to
19 August
2006
£m
Cash flows from operating activities
Operating profit 1.2 0.1
Decrease / (increase) in receivables 0.1 (0.1)
Increase / (decrease) in other payables 1.1 (0.2)
Cash inflow / (outflow) from operations 2.4 (0.2)
Income tax paid – –
Net cash from operating activities 2.4 (0.2)
Net cash used in investing activities – –
Cash flows from financing activities
Net proceeds from issue of ordinary share capital 24 2.3 79.4
Proceeds from issue of new loans and borrowings 430.0 1,216.0
Deferred issue costs paid – (20.9)
Net proceeds from issue of derivative financial instruments 18.5 50.0
Net costs from redemption of derivative financial instruments (12.5) –
Repayment of borrowings (1,007.5) (595.7)
Interest paid (37.1) (43.7)
Interest received 2.1 2.3
Decrease in cash deposits used as security for loan notes – 0.3
Net intercompany transfers 615.3 (626.4)
Dividends paid 10 (37.4) (31.5)
Net cash (used in) / generated from financing activities (26.3) 29.8
Net (decrease) / increase in cash and cash equivalents (23.9) 29.6
Cash and cash equivalents at beginning of period 30.4 0.8
Cash and cash equivalents at end of period 6.5 30.4
252
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