Reconciliation of profit for the year to cash flow from operations before contract acquisition costs

12 Months Ended

Dec. 31, 2018

Text block [abstract]

Reconciliation of profit for the year to cash flow from operations before contract acquisition costs

24. Reconciliation of profit for the year to cash flow from operations before contract acquisition costs

For the year ended 31 December 2018	Note		2018 $m			2017 Restated $m			2016 Restated $m
Profit for the year				352			541			459
Adjustments for:
Net financial expenses				81			72			80
Income tax charge		8		133			115			173
Depreciation and amortisation				80			78			75
System Fund depreciation and amortisation				45			36			31
Impairment		6		0			18			16
Other exceptional items (including System Fund)		6		151			(13	)		13
Equity-settled share-based cost		26		38			27			23
Dividends from associates and joint ventures		14		5			4			5
Increase in trade and other receivables				(44	)		(71	)		(27	)
Increase in contract costs				(3	)		(5	)		(4	)
Increase in deferred revenue				141			43			109
Increase in other trade and other payables				7			35			39
Utilisation of provisions (2016: net of insurance recovery)		19		(6	)		—			(4	)
Retirement benefit contributions, net of costs				(12	)		(1	)		(32	)
Cash flows relating to exceptional items				(137	)		(44	)		(19	)
Contract assets deduction in revenue				19			17			13
Other items				4			(3	)		—
Total adjustments				502			308			491
Cash flow from operations before contract acquisition costs				854			849			950