| For the year ended 31 December 2020 | |||
| Note | 2020 | 2019 | |
| £m | £m | ||
| Cash generated from operations | 39 | (31.0) | 438.2 |
| Tax paid | (8.1) | (25.0) | |
| Interest paid | (64.7) | (65.7) | |
| Interest received | 7.1 | 8.7 | |
| Net cash flow from operating activities | (96.7) | 356.2 | |
| Cash flows from investing activities | |||
| Payments to acquire businesses, net of cash acquired | 19 | (9.6) | (108.3) |
| Deferred consideration for businesses acquired | 19 | (27.3) | (14.8) |
| Proceeds from the disposal of business, net of cash disposed | 19 | 4.4 | 21.7 |
| Purchase of property, plant and equipment | (215.3) | (116.5) | |
| Proceeds from disposal of property, plant and equipment | 17.7 | 9.7 | |
| Payments to acquire intangible assets | (22.7) | (28.0) | |
| Proceeds from disposal of intangible assets | 2.3 | 1.5 | |
| Payments to settle net investment hedge derivative contracts | (15.7) | (26.9) | |
| Receipts on settlement of net investment hedge derivative contracts | 10.9 | 15.9 | |
| Payments relating to associates and investments | (0.1) | (5.3) | |
| Net cash flow from investing activities | (255.4) | (251.0) | |
| Cash flows from financing activities | |||
| Share issue proceeds1 | 230.1 | - | |
| Issuance of hybrid instrument2 | 495.5 | - | |
| Lease principal payments | (97.7) | (91.1) | |
| Increase in borrowings | 732.3 | 414.1 | |
| Repayment of borrowings | (940.5) | - | |
| Payments to settle foreign exchange forward contracts | (39.8) | (45.9) | |
| Receipts on settlement of foreign exchange forward contracts | 18.8 | 66.7 | |
| Purchase of own shares | (3.9) | (6.2) | |
| Contribution from non-controlling interests | – | 3.1 | |
| Acquisition of non-controlling interests | (4.0) | (1.8) | |
| Dividends paid to non-controlling interests | (2.2) | (0.7) | |
| Dividends paid to shareholders of the Company | 12 | – | (78.3) |
| Net cash flow from financing activities | 388.6 | 259.9 | |
| Increase/(decrease) in cash and cash equivalents | 36.5 | 365.1 | |
| Opening cash and cash equivalents | 478.3 | 117.7 | |
| Increase/(decrease) in cash and cash equivalents | 36.5 | 365.1 | |
| Foreign exchange | 5.7 | (4.5) | |
| Closing cash and cash equivalents | 23 | 520.5 | 478.3 |
1 Net of transaction fees totalling £5.3m
2 Net of transaction fees totalling £4.5m
Group Statement of Cash Flows in Excel format [11 KB]
Notes to the consolidated accounts in PDF format [1.7 MB]