Punch Taverns plc 2011 Annual Report
Punch Taverns plc 2011 Annual Report
Punch Taverns plc 2011 Annual Report
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52<br />
<strong>Punch</strong> <strong>Taverns</strong> <strong>plc</strong><br />
<strong>Annual</strong> <strong>Report</strong> and Financial Statements <strong>2011</strong><br />
Company cash flow statement<br />
for the 52 weeks ended 20 August <strong>2011</strong><br />
52 weeks to<br />
20 August<br />
<strong>2011</strong><br />
£m<br />
52 weeks to<br />
21 August<br />
2010<br />
£m<br />
Cash flows from operating activities<br />
Operating loss (303.2) (2.7)<br />
Investment impairment – 2.2<br />
Release of intercompany debt 305.1 –<br />
Increase in receivables (1.8) –<br />
Increase in other payables 0.2 0.5<br />
Net cash flow from operating activities 0.3 –<br />
Interest received 1.5 1.8<br />
Net cash generated from investing activities 1.5 1.8<br />
Cash flows from financing activities<br />
Costs of terminating financing arrangements – (0.2)<br />
Proceeds from new intercompany debt 12.2 684.8<br />
Repayment of intercompany debt (180.0) (838.4)<br />
Net cash used in financing activities (167.8) (153.8)<br />
Net decrease in cash and cash equivalents (166.0) (152.0)<br />
Cash and cash equivalents at beginning of period 166.6 318.6<br />
Cash and cash equivalents at end of period 0.6 166.6
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