Table:
| m | 2019 | 2018 |
| --- | --- | --- |
| Cash flows from: |  |  |
| operating activities | 11.1 | 102.6 |
| investing activities | 75.5 | (0.4) |
| financing activities | (122.4) | (90.8) |
| Net change in cash and cash equivalents | (35.8) | 11.4 |
Paragraphs:
IFRS cash flow
The key drivers of the decrease in cash and cash equivalents of £35.8 million in the year are discussed below.
Cash flows from operating activities of £11.1 million were £91.5 million lower than 2018, largely due to the reduction in underlying earnings of £65.9 million (see income statement section) and the early settlement of interest rate swaps of £52.4 million, partially offset by improvements in working capital of £32.2 million.
Cash flows from investing activities mainly reflected cash inflows related to the part disposal of intu Derby of £96.7 million and other sundry disposals of £75.3 million, partially offset by capital expenditure during the year of £127.7 million.
Cash flows from financing activities primarily reflected net borrowings repaid in the year (see debt activity section on page 36).
Question:
What is the cause of the lower cash flow from operating activities in 2019 as compared to 2018?