Preliminary results for the year ended 29 January 2011


24 March 2011


Notes to the consolidated financial statements

10. Cash generated by operations

£ millions 2010/11 2009/10
Operating profit 698 623
Share of post-tax results of joint ventures and associates (31) (26)
Depreciation and amortisation 238 260
Impairment losses 14 4
Loss/(profit) on disposal of property, plant and equipment, investment property and intangible assets 4 (1)
Share-based compensation charge 21 20
(Increase)/decrease in inventories (238) 234
Increase in trade and other receivables (10) (18)
Increase in trade and other payables 107 102
Movement in provisions (21) (24)
Movement in post employment benefits (19) (44)
Cash generated by operations 763 1,130

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