bat plc annual report 2007 - Group cash flow statement
For the year ended 31 December
| Notes | 2007 £m | 2006 £m | |
|---|---|---|---|
| Cash flows from operating activities | |||
| Cash generated from operations | 25 | 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 intangibles | 25 | 16 | 60 |
| Purchases and disposals of investments | 25 | 71 | (37) |
| Purchases of subsidiaries and minority interests | 25 | (15) | (101) |
| Proceeds on disposal of subsidiaries | 25 | 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 borrowings | 25 | 438 | 1,365 |
| Movements relating to derivative financial instruments | 25 | (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 borrowings | 25 | (427) | (1,739) |
| Dividends paid to shareholders | 8 | (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 December | 19 | 1,180 | 1,276 |
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