Annual review and summary financial statement 2007
Summary Group cash flow statement For the year ended 31 December 2007
            2007
£m		 2006
£m
Cash flows from operating activities      
Cash generated from operations   281 217
Income taxes paid   (24) (24)
Net cash from operating activities   257 193
Cash flows from investing activities      
Dividends received from joint ventures and associates   83 24
Interest received   26 29
Acquisition of businesses, net of cash and cash equivalents acquired (198) (80)
Purchase of property, plant and equipment   (80) (57)
Purchase of investments   (11) (8)
Investment in and loans made to joint ventures and associates (50) (22)
Investment in financial assets   (39) (12)
Disposal of businesses, net of cash and cash equivalents disposed 92 –
Disposal of property, plant and equipment   9 9
Net cash used in investing activities   (168) (117)
Cash flows from financing activities      
Proceeds from issue of ordinary shares   5 6
Purchase of ordinary shares   (4) (3)
Proceeds from new loans   42 35
Repayment of loans   (1) (27)
Finance lease principal repayments   – (1)
Buy-back of preference shares   (8) (19)
Ordinary dividends paid   (42) (52)
Interest paid   (7) (5)
Preference dividends paid   (11) (12)
Net cash used in financing activities   (26) (78)
Net increase/(decrease) in cash and cash equivalents   63 (2)
Effects of exchange rate changes   8 (6)
Cash and cash equivalents at beginning of year   308 316
Cash and cash equivalents at end of year   379 308