25. Notes to the cash flow statement

2012
£m
2011
£m
Profit for the year67.056.0
Adjustments for:
Investment revenue(0.2)(0.2)
Finance costs3.84.8
Taxation22.819.8
Depreciation of property, plant and equipment48.748.2
Amortisation of intangible assets4.22.9
Loss on disposal of property, plant and equipment0.10.7
Share-based payments3.95.4
Impairment / (reversal of impairment) of fixed assets0.7(0.1)
Impairment charge4.2
Negative goodwill released to income(0.6)
Gain on disposal of businesses(2.4)
EBITDA*148.6141.1
Increase in inventories(1.8)(2.8)
Decrease / (increase) in receivables0.3(7.9)
Increase in payables6.48.9
Decrease in provisions(2.8)(4.5)
Cash generated by operations150.7134.8
Cash (outflow) / inflow from settlement of derivative financial instruments(0.2)0.3
Income taxes paid(19.3)(15.3)
Net cash from operating activities131.2119.8

* Earnings before interest, tax, depreciation, amortisation, impairment and share-based payments.

2012
£m
2011
£m
Cash and cash equivalents comprise:
Cash and bank balances10.018.1
Bank overdrafts (included in borrowings)(8.4)(8.6)
1.69.5