GroupCompany
2020
£m
2019
£m
2020
£m
2019
£m
Profit before tax303.2436.2251.6243.8
Adjustment for investment income and finance expense (see note 5, 6 and A6)289.0205.432.930.5
Adjustment for share of losses/(profits) of joint ventures (see note 12)38.1(6.7)
Operating profit630.3634.9284.5274.3
Adjustments for:
Depreciation of property, plant and equipment (see note 10)441.6357.3
Amortisation of intangible assets (see note 11)41.235.9
Loss on disposal of property, plant and equipment (see note 4)13.93.9
Amortisation of deferred grants and contributions (see note 22)(13.8)(12.9)
Equity-settled share-based payments charge (see note 3)1.54.0
Changes in working capital:
(Increase)/decrease in inventories (see note 14)(1.7)1.9
Decrease in trade and other receivables4.611.72.74.4
(Decrease)/increase in trade and other payables(10.1)21.3(0.2)0.1
Decrease in provisions (see note 21)(0.4)(5.3)
Pension contributions paid less pension expense charged
to operating profit(101.6)(57.2)
Cash generated from operations1,005.5995.5287.0278.8

The group has received property, plant and equipment of £47.0 million (2019: £39.4 million) in exchange for the provision of future goods and services (see note 22 and A7).