Financial Statements

32. Net cash/(debt)

Analysis of net cash/(debt) at 1 May 2011

Group
3 May 2010 Cash flow Non-cash
changes
1 May 2011
£m £m £m £m
Cash and short-term deposits 29.4 3.1 (0.3) 32.2
Overdrafts (1.4) 1.4
Cash and cash equivalents net of overdraft 28.0 4.5 (0.3) 32.2
Other loans (0.9) (0.9)
Total net cash 28.0 4.5 (1.2) 31.3
Company
3 May 2010 Cash flow Non-cash
changes
1 May 2011
£m £m £m £m
Cash and short term deposits 15.0 (9.3) 5.7
Overdrafts (12.9) (12.9)
Net cash/(debt) 15.0 (22.2) (7.2)

Non-cash changes relates to exchange losses on cash and cash equivalents and loans acquired as part of the business combination.