24. Notes to the cash flow statement

2013

£m
2012
(Restated)
£m
Profit for the year73.167.2
Adjustments for:
Investment revenue(0.1)(0.2)
Finance costs3.83.2
Taxation25.322.8
Depreciation of property, plant and equipment51.948.7
Amortisation of intangible assets5.54.2
(Profit) / loss on disposal of property, plant and equipment(0.1)0.1
Share-based payments3.63.9
Impairment of fixed assets5.10.7
Profit on disposal of investments(2.4)
EBITDA*168.1148.2
Increase in inventories(0.3)(1.8)
Decrease in receivables0.20.3
(Decrease) / increase in payables(4.3)6.8
Decrease in provisions(1.8)(2.8)
Cash generated by operations161.9150.7
Cash outflow from settlement of derivative financial instruments(0.2)
Income taxes paid(22.5)(19.3)
Net cash from operating activities139.4131.2

* Earnings before interest, tax, depreciation, amortisation, impairment of fixed assets, profit or loss on disposal of property, plant and equipment and share-based payments.

2013
£m
2012
£m
Cash and cash equivalents comprise:
Cash and bank balances16.910.0
Bank overdrafts (included in borrowings)(1.6)(8.4)
15.31.6