Cash Flow Statement

£m 2016
2015
Group EBITDA 380.7 290.0
Working capital 104.2 103.5
Less: growth-related partner contributions (66.1) (59.8)
Maintenance capital expenditure (86.7) (74.9)
Taxation (31.5) (29.1)
Finance costs (16.1) (13.2)
Other items 1.6 (0.8)
Cash flow before growth capital expenditure, share repurchases, dividends and non-recurring disposal proceeds 286.1 215.7
Gross growth capital expenditure (228.4) (344.7)
Less: growth-related partner contributions 66.1 59.8
Net growth capital expenditure(1) (162.3) (284.9)
Total net cash flow from operations 123.8 (69.2)
Non-recurring disposal proceeds - 84.0
Less: costs of disposal - (4.0)
Corporate financing activities (38.6) (32.0)
Dividend (43.3) (38.8)
Opening net cash/debt (190.6) (138.0)
Exchange movements (2.6)  7.4
Closing net debt (151.3) (190.6)

1. Net growth capital expenditure of £162.3m relates to the cash outflow in 2016. Accordingly, it includes capital expenditure related to locations opened in 2015 and to be added in 2017 of £54.1m. The majority of the remaining investment relates to the 231 locations added in 2016, including a net investment in property assets of £12.5m. The total net investment in the 2016 additions amounts to £130.8m so far