directors report and accounts 2006 - Group cash flow statement for the year ended 31 December
Annual Report
and Accounts 2006
| Notes | 2006 £m | 2005 £m | |
|---|---|---|---|
| Cash flows from operating activities | |||
| Cash generated from operations | 25 | 2,816 | 2,893 |
| Dividends received from associates | 259 | 193 | |
| Tax paid | (713) | (762) | |
| Net cash from operating activities | 2,362 | 2,324 | |
| Cash flows from investing activities | |||
| Interest received | 119 | 109 | |
| Dividends received from investments | 2 | 1 | |
| Purchases of property, plant and equipment | (425) | (381) | |
| Proceeds on disposal of property, plant and equipment | 64 | 41 | |
| Purchases of intangibles | (58) | (38) | |
| Proceeds on disposal of intangibles | 25 | 60 | 74 |
| Purchases and disposals of investments | 25 | (37) | 22 |
| Purchases of subsidiaries and minority interests | 25 | (101) | (25) |
| Proceeds on disposal of subsidiaries | 25 | 62 | |
| Purchases of associates | 25 | (1) | (95) |
| Net cash from investing activities | (315) | (292) | |
| Cash flows from financing activities | |||
| Interest paid | (389) | (371) | |
| Interest element of finance lease rental payments | (3) | (4) | |
| Capital element of finance lease rental payments | (19) | (41) | |
| Proceeds from issue of shares to Group shareholders | 5 | 6 | |
| Proceeds from the exercise of options over own shares | |||
| held in employee share ownership trusts | 23 | 24 | |
| Proceeds from increases in and new borrowings | 25 | 1,365 | 742 |
| Movements relating to derivative financial instruments | 25 | 142 | (33) |
| Purchases of own shares | (500) | (501) | |
| Purchases of own shares to be held in employee share ownership trusts | (77) | (48) | |
| Reductions in and repayments of borrowings | 25 | (1,739) | (878) |
| Dividends paid to shareholders | 8 | (1,008) | (910) |
| Dividends paid to minority interests | (139) | (133) | |
| Net cash from financing activities | (2,339) | (2,147) | |
| Net cash flows from operating, investing and financing activities | (292) | (115) | |
| Differences on exchange | (96) | 49 | |
| Decrease in net cash and cash equivalents in the year | (388) | (66) | |
| Net cash and cash equivalents at 1 January | 1,664 | 1,730 | |
| Net cash and cash equivalent at 31 December | 19 | 1,276 | 1,664 |