Group cash flow statement
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| Notes | 52 weeks 2021 | 53 weeks 2020 (restated(a)(b)) | |
| £m | £m | ||
| Cash flows generated from/(used in) operating activities | |||
| Operating profit/(loss) of continuing operations | 1,736 | 2,206 | |
| Operating profit/(loss) of discontinued operations | 5,482 | 312 | |
| Depreciation and amortisation | 1,767 | 2,157 | |
| (Profit)/loss arising on sale of property, plant and equipment, investment property, intangible assets and assets classified as held for sale and early termination of leases | (190) | (170) | |
| (Profit)/loss arising on sale of financial assets | - | (3) | |
| (Profit)/ loss arising on sale of joint ventures and associates | (29) | (68) | |
| (Profit)/ loss arising on sale of subsidiaries | 7 | (5,197) | - |
| Transaction costs associated with sale of subsidiaries | 6 | 22 | |
| Net impairment loss/(reversal) on property, plant and equipment, right of use assets, intangible assets and investment property | (85) | 302 | |
| Impairment of goodwill | 15 | 295 | - |
| Net remeasurement (gain)/loss of non-current assets held for sale | (5) | - | |
| Impairment of joint ventures | - | 47 | |
| Adjustment for non-cash element of pensions charge | 14 | 9 | |
| Other defined benefit pension scheme payments | 29 | (2,851) | (267) |
| Share-based payments | 30 | 87 | |
| Tesco Bank fair value movements included in operating profit | 367 | 100 | |
| Retail (increase)/decrease in inventories | (52) | 178 | |
| Retail (increase)/decrease in development stock | 2 | 1 | |
| Retail (increase)/decrease in trade and other receivables | 63 | 175 | |
| Retail increase/(decrease) in trade and other payables | 329 | (403) | |
| Retail increase/(decrease) in provisions | 56 | (87) | |
| Retail (increase)/decrease in working capital | 398 | (136) | |
| Tesco Bank (increase)/decrease in loans and advances to customers and banks | 1686 | 127 | |
| Tesco Bank (increase)/decrease in trade and other receivables | 62 | 310 | |
| Tesco Bank increase/(decrease) in customer and bank deposits, trade and other payables | (1,902) | (3,849) | |
| Tesco Bank increase/(decrease) in provisions | 2 | 5 | |
| Tesco Bank (increase)/decrease in working capital | (152) | (3,407) | |
| Cash generated from/(used in) operations | 1,586 | 1,191 | |
| Interest paid | (729) | (803) | |
| Corporation tax paid | (255) | (340) | |
| Net cash generated from/(used in) operating activities | 602 | 48 | |
| Cash flows generated from/(used in) investing activities | |||
| Proceeds from sale of property, plant and equipment, investment property, intangible assets and assets classified as held for sale | 237 | 3,965 | |
| Purchase of property, plant and equipment and investment property | (1,171) | (1,003) | |
| Purchase of intangible assets | (206) | (201) | |
| Disposal of subsidiaries, net of cash disposed | 7 | 7,093 | (6) |
| Acquisition of subsidiaries, net of cash acquired | 15 | - | |
| Disposal of associate | - | 277 | |
| Net (increase)/decrease in loans to joint ventures and associates | (2) | 8 | |
| Investments in joint ventures and associates | (11) | (9) | |
| Net (investments in)/proceeds from sale of short-term investments | 62 | (687) | |
| Net (investments in)/proceeds from sale of financial assets at fair value through other comprehensive income and amortised cost | 25c | 116 | (6) |
| Dividends received from joint ventures and associates | 26 | 42 | |
| Interest received | 12 | 18 | |
| Net cash generated from/(used in) investing activities | 6,171 | 2,398 | |
| Cash flows generated from/(used in) financing activities | |||
| Own shares purchased | (66) | (149) | |
| Repayment of obligations under leases | (621) | (634) | |
| Increase in borrowings | 1,098 | 1,272 | |
| Repayment of borrowings | (1,814) | (1,756) | |
| Net cash flows from derivative financial instruments | 25c | (580) | (17) |
| Dividends paid to equity owners | 8 | (5,858) | (656) |
| Net cash generated from/(used in) financing activities | (7,841) | (1,940) | |
| Net increase/(decrease) in cash and cash equivalents | (1,068) | 506 | |
| Cash and cash equivalents at the beginning of the year | 3,031 | 2,567 | |
| Effect of foreign exchange rate changes | 8 | (42) | |
| Cash and cash equivalents including cash and overdrafts held in disposal groups at the end of the year | 1,971 | 3,031 | |
| Cash and overdrafts held in disposal groups | 7 | - | |
| Cash and cash equivalents at the end of the year | 20 | 1,978 | 3,031 |
The notes on pages 84 to 147 form part of these financial statements.
(a) Comparatives have been restated to present Thailand, Malaysia and Poland as discontinued operations. Refer to Note 7 for further details.
(b) Refer to Note 1 for further details regarding the prior year restatement.