Financial statements Consolidated Statement of Cash Flows For the 52 weeks ended 26 June 2021 2021 2020 52 weeks 52 weeks Note £’m £’m Cash flows from operating activities Profit before taxation 157.8 109.1 Net financial expense 5 8.6 6.9 Operating profit 166.4 116.0 Depreciation and amortisation of property, plant and equipment and intangible assets 3 31.8 33.2 Depreciation of right-of-use assets 3 45.7 45.1 Loss on disposal and impairment of property, plant and equipment and intangible assets 3 2.3 1.5 Impairment of right-of-use assets 3 1.0 0.4 Operating cash flows before movements in working capital 247.2 196.2 (Increase)/decrease in inventories (54.2) 39.5 Decrease/(increase) in trade and other receivables 4.1 (1.2) Increase in trade and other payables 15.1 41.8 Net movement in working capital (35.0) 80.1 Share-based payments expense 7.5 2.1 Tax paid (35.5) (34.3) Net cash generated from operating activities 184.2 244.1 Cash flows from investing activities Acquisition of intangible assets (0.6) (4.4) Acquisition of property, plant and equipment (15.1) (20.5) Interest received 0.1 0.1 Net cash used in investing activities (15.6) (24.8) Cash flows from financing activities Proceeds from issue of treasury shares 21 1.8 2.0 Drawdowns on Revolving Credit Facility – 165.0 Repayments of Revolving Credit Facility (45.0) (165.0) Interest paid (0.8) (1.4) Interest on lease liabilities 11 (5.3) (5.5) Repayment of lease liabilities (54.0) (37.7) Ordinary dividends paid 7 (24.3) (106.0) Net cash used in financing activities (127.6) (148.6) Net increase in cash and cash equivalents 41.0 70.7 Foreign exchange revaluations 5 (2.4) 0.3 Cash and cash equivalents at the beginning of the period 15 90.0 19.0 Cash and cash equivalents at the end of the period 15 128.6 90.0 188 DUNELM GROUP PLC ANNUAL REPORT & ACCOUNTS 2021