Group cash flow statement

Visit our downloads centre to download this in Excel or PDF format

52 weeks ended 27 February 2016 Notes 52 weeks
2016
£m
53 weeks
2015
£m
Cash flows from operating activities      
Operating profit/ (loss) of continuing operations   1,046 (5,750)
Operating profit/ (loss) of discontinued operations   128 (52)
Depreciation and amortisation   1,334 1,552
Loss arising on sale of property, plant and equipment and intangible assets   164 49
Loss arising on sale of subsidiaries and other investments   41
Profit arising on sale of joint ventures and associates   (1)
Impairment of goodwill   18 116
Net reversal of impairment of other investments   (7)
Impairment of loans/ investments in joint ventures and associates   1 712
Net impairment charge of property, plant and equipment and intangible assets   182 4,171
Adjustment for non-cash element of pensions charge 26 (395) 68
Additional contribution into pension schemes 26 (223) (13)
Share-based payments   283 105
Tesco Bank non-cash items included in operating profit   72 58
Decrease in inventories   251 577
Decrease in development stock   99 59
Decrease in trade and other receivables   20 32
Increase/ (decrease) in trade and other payables   260 (449)
(Decrease)/ increase in provisions   (280) 926
Tesco Bank increase in loans and advances to customers   (868) (846)
Tesco Bank increase in trade and other receivables   (78) (60)
Tesco Bank increase in customer and bank deposits, trade and other payables   463 186
Tesco Bank decrease in provisions   (35) (15)
(Increase)/ decrease in working capital   (168) 410
Cash generated from operations   2,434 1,467
Interest paid   (426) (613)
Corporation tax received/ (paid)   118 (370)
Net cash generated from operating activities   2,126 484
Cash flows from investing activities      
Purchase of property, plant and equipment, investment property and non-current assets classified as held for sale   (871) (1,989)
Purchase of intangible assets   (167) (329)
Disposal of subsidiaries, net of cash disposed   3,237 (157)
Acquisition of subsidiaries, net of cash acquired 30 (325) (86)
Proceeds from sale of joint ventures and associates   192
Proceeds from sale of property, plant and equipment, investment property, intangible assets and non-current assets classified as held for sale   350 244
Net (increase)/ decrease in loans to joint ventures and associates   (1) 21
Investments in joint ventures and associates   (77) (382)
Net (investments in)/ proceeds from sale of short-term investments   (2,894) 423
Net (investments in)/ proceeds from sale of other investments   (103) 48
Dividends received from joint ventures and associates   41 88
Interest received   3 104
Net cash used in investing activities   (615) (2,015)
Cash flows from financing activities      
Proceeds from issue of ordinary share capital 27 1 15
Increase in borrowings   586 4,889
Repayment of borrowings   (1,328) (3,185)
Net cash flows from derivative financial instruments   154 (6)
Repayments of obligations under finance leases   (17) (3)
Rights issue to non-controlling interests   18
Dividends paid to equity owners 8 (914)
Net cash (used in)/ from financing activities   (604) 814
Net increase/ (decrease) in cash and cash equivalents   907 (717)
Cash and cash equivalents at beginning of the year   2,174 2,813
Effect of foreign exchange rate changes   1 78
Cash and cash equivalents including cash held in disposal groups at the end of the year   3,082 2,174
Cash held in disposal groups 7 (9)
Cash and cash equivalents at the end of the year 18 3,082 2,165

The notes on pages 90 to 141 form part of these financial statements.