Year ended
31 Dec 2016
Half year to
30 June 2017
Half year to
30 June 2016
67.0Profit for the period43.633.3
Adjustments for:
Investment revenue(0.1)
2.6Finance costs1.21.3
54.1Depreciation of property, plant and equipment28.825.5
5.6Amortisation of intangible assets2.92.6
(4.5)Profit on disposal of property, plant and equipment(0.1)(0.1)
0.5Share-based payments2.71.6
5.1Impairment of fixed assets0.40.2
(0.1)Profit on sale of businesses
5.5Decrease in inventories0.52.2
(4.1)Increase in receivables(9.8)(3.6)
(6.7)Increase/(decrease) in payables4.0(6.3)
(3.6)Decrease in provisions(1.5)(4.5)
146.3Cash generated by operations87.364.7
(20.4)Income taxes paid(14.3)(11.9)
125.9Net cash from operating activities73.052.8

* 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:

12.0Cash and bank balances20.010.7
(5.8)Bank overdrafts (included in borrowings)(2.3)(8.7)