Year ended 31 July 2006
34. Reconciliation of operating profit to net cash inflow from operating activities
| 2006
£m |
2005
£m |
|
|---|---|---|
| Profit for the year | 537 | 479 |
| Net finance costs | 65 | 37 |
| Tax expense | 232 | 186 |
| Depreciation of property, plant and equipment | 134 | 114 |
| Amortisation of non-acquired intangibles | 6 | 3 |
| Profit on disposal of property, plant and equipment | (16) | (11) |
| Amortisation of acquired intangibles | 48 | 6 |
| Increase in inventories | (171) | (56) |
| Increase in trade and other receivables | (243) | (180) |
| Increase in trade and other payables | 217 | 168 |
| Increase in provisions and other liabilities | 19 | - |
| Share based payments and other non-cash items | 22 | 19 |
| Cash generated from operations | 850 | 765 |
