bat plc annual report 2007 - Group cash flow statement

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Annual Report and Accounts 2007

For the year ended 31 December

Cash flows from operating activities   
Cash generated from operations25 3,181 2,816
Dividends received from associates 285 259
Tax paid (866)(713)
Net cash from operating activities 2,600 2,362
Cash flows from investing activities   
Interest received 114 119
Dividends received from investments 2 2
Purchases of property, plant and equipment (416)(425)
Proceeds on disposal of property, plant and equipment 46 64
Purchases of intangibles (66)(58)
Proceeds on disposal of intangibles25 16 60
Purchases and disposals of investments25 71 (37)
Purchases of subsidiaries and minority interests (15)(101)
Proceeds on disposal of subsidiaries25 126 62
Purchases of associates  (1)
Net cash from investing activities (122)(315)
Cash flows from financing activities   
Interest paid (384)(389)
Interest element of finance lease rental payments (3)(3)
Capital element of finance lease rental payments (21)(19)
Proceeds from issue of shares to Group shareholders 5 5
Proceeds from the exercise of options over own shares
held in employee share ownership trusts
 22 23
Proceeds from increases in and new borrowings25 438 1,365
Movements relating to derivative financial instruments25 (89)142
Purchases of own shares (750)(500)
Purchases of own shares to be held in employee share ownership trusts (41)(77)
Reductions in and repayments of borrowings25 (427)(1,739)
Dividends paid to shareholders8 (1,198)(1,008)
Dividends paid to minority interests (173)(139)
Net cash from financing activities (2,621)(2,339)
Net cash flows from operating, investing and financing activities (143)(292)
Differences on exchange 47 (96)
Decrease in net cash and cash equivalents in the year (96)(388)
Net cash and cash equivalents at 1 January 1,276 1,664
Net cash and cash equivalents at 31 December19 1,180 1,276
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