REG - Pennon Group PLC - Half Yearly Report <Origin Href="QuoteRef">PNN.L</Origin> - Part 35

PennonAnnouncement

28/11/2014 07:11

- Part 35: For the preceding part double click  ID:nRSb2520YH 

                                                                  Exceptional credit from defined benefit                                                                                         
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  pension change                   (14.9)                           -                           
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Share of post-tax profit from joint ventures  (2.4)                            (0.8)                                            
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Finance income                                (18.3)                           (27.3)                                           
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Finance costs                                 39.9                             56.9                                             
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Taxation charge/(credit)                      24.4                             (11.9)                                           
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Changes in                                                                                                                     
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     working capital                                                                                                                 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     :                                                                                                                              
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Increase in inventories                       (0.1)                            (1.1)                                            
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Increase in trade and other receivables       (24.8)                           (40.1)                                           
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Increase in service concession                                                                                                  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  arrangements receivable          (45.0)                           (26.5)                      
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Increase in trade and other payables          14.5                             14.3                                             
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Increase/(decrease) in retirement                                                                                               
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  benefit obligations              0.1                              (0.3)                       
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Decrease in provisions                        (2.7)                            (5.0)                                            
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Cash generated 140.9                                         157.1                                                             
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     from operations                                                                                                                 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Unaudited                                                                      
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Half year ended 30 September     Half year ended30 September                      
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     2014           2013                                                                           
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Total interest £m                                            £m                                                                
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     paid                                                                                                                           
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Interest paid  24.0                                          39.2                                                              
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     in operating