british american tobacco p.l.c. annual report 2008 - Group cash flow statement

British American Tobacco p.l.c. Annual Report 2008

For the year ended 31 December

Cash flows from operating activities   
Cash generated from operations25 4,156 3,181
Dividends received from associates 326 285
Tax paid (943)(866)
Net cash from operating activities 3,539 2,600
Cash flows from investing activities   
Interest received 125 114
Dividends received from investments 2 2
Purchases of property, plant and equipment (448)(416)
Proceeds on disposal of property, plant and equipment 62 46
Purchases of intangibles (96)(66)
Proceeds on disposal of intangibles25 1716
Purchases and disposals of investments25 9 71
Proceeds from associates' share buy-backs25 42  
Purchase of Tekel cigarette assets25 (873) 
Purchase of ST cigarette and snus businesses25 (1,243) 
Purchases of other subsidiaries and minority interests25 (9)(15)
Proceeds on disposal of subsidiaries25 26 126
Net cash from investing activities (2,386)(122)
Cash flows from financing activities   
Interest paid (400)(384)
Interest element of finance lease rental payments (3)(3)
Capital element of finance lease rental payments (30)(21)
Proceeds from issue of shares to Group shareholders 3 5
Proceeds from the exercise of options over own shares
held in employee share ownership trusts
 7 22
Proceeds from increases in and new borrowings25 3,518 438
Movements relating to derivative financial instruments25 (656)(89)
Purchases of own shares (400)(750)
Purchases of own shares held in employee share ownership trusts (116)(41)
Reductions in and repayments of borrowings25 (731)(427)
Dividends paid to shareholders8 (1,393)(1,198)
Dividends paid to minority interests (173)(173)
Net cash from financing activities (374)(2,621)
Net cash flows from operating, investing and financing activities 779 (143)
Differences on exchange 261 47
Increase/(decrease) in net cash and cash equivalents in the year 1,040 (96)
Net cash and cash equivalents at 1 January 1,180 1,276
Net cash and cash equivalents at 31 December19 2,220 1,180
The accompanying notes are an integral part of the Group financial statements.
Previous Next
© British American Tobacco