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Key Financial Information

Consolidated statement of total comprehensive income – continuing operations before exceptional items

£'000 Year to 31 August 2016 Year to 31 August 2015 (restated)
Revenue 1,444.9 1,143.0
Cost of sales -722.7 -569.9
Gross profit 722.2 573.1
Distribution expenses -216.0 -168.2
Administrative expenses -443.2 -358.8
Operating profit 63.0 46.1
Net finance income 0.7 0.3
Profit before tax 63.7 46.4
Income tax expense -12.3 -10.4
Profit after tax 51.4 36.0

GROUP STATEMENT OF FINANCIAL POSITION

£m1 Year to 31 August 2016 Year to 31 August 2015
Goodwill and other intangible assets 113.5 76.2
Property, plant and equipment 77.2 64.4
Derivative financial assets - 0.2
Deferred tax asset 13.3 -
Non-current assets 204.0 140.8
Inventories
257.7 193.8
Net current payables (355.7) (214.5)
Cash and cash equivalents 173.3 119.2
Derivative financial (liabilities)/assets (76.0) 6.1
Current tax liability (2.9) (3.6)
Deferred tax liability - (4.5)
Net assets 200.4 237.3

1All numbers subject to rounding.

GROUP STATEMENT OF CASH FLOWS

£m1 Year to 31 August 2016 Year to 31 August 2015
Operating profit from continuing operations 42.1 52.4
Loss before tax from discontinued operations (10.1) (5.2)
Operating profit 32.0 47.2
Depreciation and amortisation 31.7 23.1
Losses on disposal of assets – continuing 0.8 4.9
Losses on disposal of assets – discontinuing 4.3 -
Working capital 69.1 17.8
Share-based payments charge 4.5 2.3
Other non-cash items (1.7) 0.7
Tax paid (10.0) (2.8)
Cash inflow from operating activities 130.7 93.2
Capital expenditure (79.2) (50.4)
Net finance income received 0.7 0.2
Net cash inflow relating to Employee Benefit Trust 0.7 0.9
Total cash inflow 52.9 43.9
Opening cash and cash equivalents 119.2 74.3
Effect of exchange rates on cash and cash equivalents 1.2 1.0
Closing cash and cash equivalents 173.3 119.2

1All numbers subject to rounding.