Year ended 31 Dec 2016 £m			Half year to 30 June 2017 £m	Half year to 30 June 2016 £m
67.0		Profit for the period	43.6	33.3
		Adjustments for:
–		Investment revenue	–	(0.1)
2.6		Finance costs	1.2	1.3
24.9		Taxation	14.6	12.6
54.1		Depreciation of property, plant and equipment	28.8	25.5
5.6		Amortisation of intangible assets	2.9	2.6
(4.5)		Profit on disposal of property, plant and equipment	(0.1)	(0.1)
0.5		Share-based payments	2.7	1.6
5.1		Impairment of fixed assets	0.4	0.2
(0.1)		Profit on sale of businesses	–	–
155.2		EBITDA*	94.1	76.9
5.5		Decrease in inventories	0.5	2.2
(4.1)		Increase in receivables	(9.8)	(3.6)
(6.7)		Increase/(decrease) in payables	4.0	(6.3)
(3.6)		Decrease in provisions	(1.5)	(4.5)
146.3		Cash generated by operations	87.3	64.7
(20.4)		Income taxes paid	(14.3)	(11.9)
125.9		Net cash from operating activities	73.0	52.8

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

Cash and cash equivalents comprise:

12.0		Cash and bank balances	20.0	10.7
(5.8)		Bank overdrafts (included in borrowings)	(2.3)	(8.7)
6.2			17.7	2.0