Annual Report and Accounts 2006
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Consolidated cash flow statement
for the 52 weeks ended 31 December 2006 (Note 1(c))
| Consolidated cash flow statement |  |
PDF format (30KB) |  |
Excel format (19KB) |
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| Notes | 2006 £m |
2005 Re-presented1 £m |
2004 Re-presented1 £m |
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|---|---|---|---|---|
| Net cash from operating activities | 35 | 620 | 891 | 745 |
| Investing activities | ||||
| Dividends received from associates | 17 | 6 | 11 | 8 |
| Proceeds on disposal of property, plant and equipment | 84 | 37 | 26 | |
| Purchases of property, plant and equipment | (384) | (298) | (285) | |
| Acquisitions of businesses | 31 | (375) | (38) | (59) |
| Acquisitions of associates | 17 | - | (33) | (3) |
| Net cash assumed on acquisitions | 28 | 1 | 1 | |
| Sale of investments, associates and subsidiary undertakings | 1,295 | 41 | 11 | |
| Cash removed on disposal | (50) | - | - | |
| Acquisitions and disposals | 898 | (29) | (50) | |
| Movement in equity investments and money market deposits | (82) | (29) | 106 | |
| Net cash generated from/(used in) investing activities | 522 | (308) | (195) | |
| Net cash flow before financing activities | 1,142 | 583 | 550 | |
| Financing activities | ||||
| Dividends paid | (272) | (261) | (246) | |
| Dividends paid to minority interests | (4) | (7) | (19) | |
| Proceeds of finance leases | - | 1 | 93 | |
| Capital element of finance leases repaid | (21) | (21) | (24) | |
| Proceeds on issues of ordinary shares | 38 | 37 | 25 | |
| Net movement of shares held under employee trust | (4) | 71 | 29 | |
| Proceeds of new borrowings | 532 | 350 | 610 | |
| Borrowings repaid | (1,481) | (543) | (1,007) | |
| Repayment of non-equity minority interest | - | (219) | - | |
| Net cash used in financing activities | (1,212) | (592) | (539) | |
| Net (decrease)/increase in cash and cash equivalents | (70) | (9) | 11 | |
| Opening net cash and cash equivalents - total Group | 279 | 284 | 275 | |
| Opening net cash and cash equivalents - discontinued operations | (3) | - | - | |
| Opening net cash and cash equivalents - continuing operations | 276 | 284 | 275 | |
| Effect of foreign exchange rates | (20) | 4 | (2) | |
| Less: Net cash and cash equivalents included in discontinued operations | 32 | - | (3) | - |
| Closing net cash and cash equivalents | 186 | 276 | 284 |
1 Re-presented to include interest paid and interest received within operating activities, see Note 1(b).
Net cash and cash equivalents includes overdraft balances of £83 million (2005: £56 million; 2004: £41 million).
In 2006, cash inflow from the sale of investments, associates and subsidiary undertakings includes £1,387 million gross proceeds less £92 million reflecting deductions for debt within disposed businesses.