Reconciliation of profit for the year to cash flow from operations

12 Months Ended

Feb. 15, 2018

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Reconciliation of profit for the year to cash flow from operations

24. Reconciliation of profit for the year to cash flow from operations

For the year ended 31 December 2017	Note		2017 $m			2016 $m			2015 $m
Profit for the year				593			417			1,224
Adjustments for:
Net financial expenses				85			87			87
Income tax charge		7		85			174			188
Depreciation and amortisation				103			96			96
Impairment		5		18			16			36
Other exceptional items		5		(22	)		13			(855	)
Equity-settled share-based cost		26		21			17			19
Dividends from associates and joint ventures		14		4			5			5
(Increase)/decrease in trade and other receivables				(71	)		(24	)		3
Net change in loyalty programme liability and System Fund surplus				8			65			42
System Fund depreciation and amortisation				36			31			21
Increase/(decrease) in other trade and other payables				44			102			(13	)
Utilisation of provisions, net of insurance recovery		19		—			(4	)		—
Retirement benefit contributions, net of costs				(1	)		(32	)		(4	)
Cash flows relating to exceptional items				(44	)		(19	)		(45	)
Other items				(3	)		9			6
Total adjustments				263			536			(414	)
Cash flow from operations				856			953			810