A1 Cash generated from operations

GroupCompany
2016
£m
2015
£m
2016
£m
2015
£m
Profit before tax353.5341.6230.8950.0
Adjustment for investment income (see note 4) and finance expense(see note 5)219.4316.827.926.3
Adjustment for share of profits of joint ventures(5.0)(5.1)
Operating profit567.9653.3258.7976.3
Adjustments for:
Depreciation of property, plant and equipment (see note 9)332.5323.6
Amortisation of intangible assets (see note 10)31.229.0
Impairment of property, plant and equipment (see note 9)11.4
Impairment of assets classified as available for sale (see note 15)2.7
Loss on disposal of property, plant and equipment (see note 3)5.45.1
Loss on disposal of intangible assets (see note 3)0.5
Amortisation of deferred grants and contributions (see note 21)(6.9)(7.7)
Equity-settled share-based payments charge (see note 2)2.32.9
Other non-cash movements*(3.8)(1.2)(726.8)
Changes in working capital:
Decrease/(increase) in inventories11.2(0.7)
(Increase)/decrease in trade and other receivables(14.1)(23.0)2.66.5
(Decrease)/increase in trade and other payables(4.1)(23.2)0.1
Increase/(decrease) in provisions (see note 20)2.6(3.8)
Pension contributions paid less pension expense charged to
operating profit
(32.8)(13.1)
Cash generated from operations905.5941.7261.3256.1

* Material non-cash transactions during the prior year include, for the company, the reversal of a past impairment made against the company's investment in its subsidiary, United Utilities PLC (see note 12).

The group has received property, plant and equipment of £32.8 million (2015: £27.0 million) in exchange for the provision of future goods and services (see notes 21 and A7).