| | Group | Company |
|---|
| | 52 weeks ended
1 May 2011 | 52 weeks ended
2 May 2010 | 52 weeks ended
1 May 2011 | 26 weeks ended
2 May 2010 |
| Note | £m | £m | £m | £m |
|---|
| Cash flows from operating activities | | | | | |
| Profit/(loss) before tax | | 47.3 | 22.5 | (0.2) | (1.1) |
| Adjusted for: | | | | | |
| - Depreciation of property, plant and equipment | 20 | 7.4 | 4.1 | 0.2 | - |
| - Loss on disposal of property, plant and equipment | 10 | 0.2 | - | - | - |
| - Amortisation of intangible assets | 21 | 0.5 | 0.1 | 0.1 | - |
| - Net impact of lease incentives | | (0.2) | 0.4 | - | - |
| - Net finance (income)/cost | | (0.1) | 0.2 | - | - |
| - Fair value losses on derivative financial instruments | 33 | 1.5 | 0.2 | - | - |
| - Foreign exchange losses/ (gains) on operating activities | | 0.1 | (0.3) | - | - |
| - Share based payment for termination agreement with 888 clothing | | 0.5 | - | 0.5 | - |
| - Fair value losses on deferred share consideration | 5 | 0.4 | - | - | - |
| - Impact of IFRS 3 (revised) on inventory acquired at date of acquisition | 5 | 1.9 | - | - | - |
| - Long term incentive plan | 13 | 0.2 | - | - | - |
| Changes in working capital: | | | | | |
| - Increase in inventories | | (24.3) | (3.6) | - | - |
| - Increase in trade and other receivables | | (13.4) | (5.1) | (14.5) | (1.5) |
| - Increase in trade and other payables, and provisions | | 3.4 | 8.7 | - | 1.4 |
| Cash generated from/ (used) in operations | | 25.4 | 27.2 | (13.9) | (1.2) |
| Interest received | 14 | 0.1 | - | 0.1 | - |
| Interest paid | 15 | - | (0.2) | - | - |
| Tax paid | | (7.4) | - | - | - |
| Net cash generated from/ (used in) operating activities | | 18.1 | 27.0 | (13.8) | (1.2) |
| Cash flow from investing activities | | | | | |
| Acquisition of subsidiaries (net of cash acquired) | 5 | (2.9) | - | - | - |
| Purchase of property, plant and equipment | 2 | (19.8) | (15.2) | (1.0) | (0.1) |
| Proceeds on sale of property, plant equipment | | 0.1 | 0.1 | - | - |
| Purchase of intangible assets | 21 | (0.7) | (0.6) | (0.4) | (0.1) |
| Purchase of investments | 22 | - | - | (25.0) | - |
| Net cash used in investing activities | | (23.3) | (15.7) | (26.4) | (0.2) |
| Cash flow from financing activities | | | | | |
| Cash contributions received from landlords | | 9.7 | 11.2 | - | - |
| Repayment to related party | | - | (0.2) | - | - |
| Repayment of borrowings | | - | (2.9) | - | - |
| Members’ drawings/transfers | | - | (5.8) | - | - |
| Amounts repaid to retired members | | - | (0.2) | - | - |
Proceeds received from issuance of shares net of transaction costs
(Statement of changes in Equity) | | - | 121.4 | 18.0 | 121.4 |
| Repayment of loan notes | | - | (105.0) | - | (105.0) |
| Net cash generated from financing activities | | 9.7 | 18.5 | 18.0 | 16.4 |
| Net increase/(decrease) in cash and cash equivalents | 32 | 4.5 | 29.8 | (22.2) | 15.0 |
| Cash and cash equivalents, net of overdraft, at beginning of period | 26 | 28.0 | (1.8) | 15.0 | - |
| Exchange losses on cash and cash equivalents | 32 | (0.3) | - | - | - |
| Cash and cash equivalents at end of period, net of overdraft | 26 | 32.2 | 28.0 | (7.2) | 15.0 |