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

12 Months Ended

Dec. 31, 2019

Text block [abstract]

Summary of Reconciliation of Profit for the Year to Cash Flow From Operations Before Contract Acquisition Costs

	2019 $m			2018 Restated $m			2017 Restated $m
Profit for the year		386			350			535
Adjustments for:
Net financial expenses		115			96			91
Fair value (gains)/losses on contingent purchase consideration		(27	)		4			—
Income tax charge (note 8)		156			132			118
Depreciation and amortisation		116			115			112
System Fund depreciation and amortisation		54			49			41
Impairment charges (note 6)		131			—			18
Other operating exceptional items (including System Fund) (note 6)		83			151			(13	)
Share-based payments cost		42			38			27
Dividends from associates and joint ventures (note 16)		7			5			4
Increase in trade and other receivables		(50	)		(43	)		(71	)
Increase in contract costs		(11	)		(3	)		(5	)
Increase in deferred revenue		57			141			43
(Decrease)/increase in trade and other payables		(63	)		11			38
Utilisation of provisions, net of charge (note 21)		7			(6	)		—
Retirement benefit contributions, net of costs		(3	)		(12	)		(1	)
Cash flows relating to exceptional items		(55	)		(137	)		(44	)
Contract assets deduction in revenue		21			19			17
Other items		2			4			(4	)
Total adjustments		582			564			371
Cash flow from operations before contract acquisition costs		968			914			906