Consolidated statements of cash flows (Millions of dollars) Y ears ended September 27, 2014 and September 28, 2013 2014  2013 (Restated - note 3) Operating activities Earnings before income taxes from continuing operations  606.4  894.9 Earnings before income taxes from discontinued operation  (note 8)  —  8.5 606.4  903.4 Non-cash items Share of an associate's earnings  (49.8)  (50.8) Closure expenses and restructuring charges  (note 6)  6.4  40.0 Depreciation and amortization  175.8  179.6 Loss on disposal and write-offs of fixed and intangible assets and investment properties 0.1  1.5 Gain on disposal of a portion of the investment in an associate  (note 12)  —  (307.8) Gain on disposal of an operation  (note 8)  —  (8.9) Impairment losses on fixed and intangible assets  11.6  12.8 Impairment loss reversals on fixed and intangible assets  (4.1)  (7.6) Share-based compensation cost  6.6  5.7 Difference between amounts paid for employee benefits and current period cost  (4.7)  1.8 Financial costs, net 49.1  49.4 797.4  819.1 Net change in non-cash working capital items  (99.5)  (77.2) Interest paid (50.7 )  (42.5) Income taxes paid (214.9 )  (133.4) 432.3  566.0 Investing activities Business acquisitions, net of cash acquired totalling $1.3 in 2014  (note 5)  (100.3)  (11.6) Proceeds on disposal of an operation  (note 8)  —  22.7 Proceeds on disposal of assets held for sale  (note 11)  0.9  — Proceeds on disposal of a portion of the investment in an associate  (note 12)  —  472.6 Net change in other financial assets  (2.0)  0.6 Dividends from an associate 4.9  4.1 Additions to fixed assets (190.6 )  (208.4 ) Proceeds on disposal of fixed assets  3.9  1.2 Proceeds on disposal of investment properties  0.2  2.5 Additions to intangible assets and goodwill  (16.8)  (19.4) (299.8 )  264.3 Financing activities Net change in bank loans (0.5 )  1.7 Shares issued  (note 23) 7.0  13.9 Shares redeemed  (note 23) (459.7 )  (409.4 ) Acquisition of treasury shares  (note 23)  (4.6)  (6.3) Performance share units cash settlement  (0.3)  (0.3) Increase in debt 396.3  6.2 Repayment of debt (11.4 )  (337.3) Net change in other liabilities (3.5 )  0.2 Dividends  (note 24) (100.6 )  (91.5) (177.3 )  (822.8) Net change in cash and cash equivalents  (44.8)  7.5 Cash and cash equivalents – beginning of year  80.8  73.3 Cash and cash equivalents – end of year  36.0  80.8 See accompanying notes - 46 -