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Preliminary results for the year ended 28 January 2012


22 March 2012


Notes to the consolidated financial statements

10. Cash generated by operations

£ millions 2011/12 2010/11
Operating profit 807 698
Share of post-tax results of joint ventures and associates (32) (31)
Depreciation and amortisation 237 238
Impairment losses 7 14
Loss on disposal of property, plant and equipment, investment property and intangible assets 7 4
Share-based compensation 32 21
Increase in inventories (94) (238)
Increase in trade and other receivables (28) (10)
(Decrease)/increase in trade and other payables (65) 107
Movement in provisions (24) (21)
Movement in post employment benefits (20) (19)
Cash generated by operations 827 763

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