Annual report and financial statements 2009
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Notes to the Group financial statements
24 Cash flow from operating activities
| 2009 £m |
2008 £m |
|
|---|---|---|
| Profit for the period | 460 | 554 |
| Adjustments for: | ||
| Taxation | 195 | 58 |
| Depreciation and amortisation | 290 | 289 |
| Profit on disposal of property, plant and equipment | (2) | (32) |
| Net finance cost (note 5) | 16 | – |
| Other non-cash changes | 17 | 6 |
| Excess of contributions over pension service cost | (103) | (148) |
| Increase in stocks | (52) | (74) |
| Increase in debtors | (44) | (60) |
| Increase in creditors | 214 | 169 |
| Decrease in provisions | (27) | (6) |
| Cash generated from operations | 964 | 756 |