British Land Half Year Report
Contents:
Site tools:
Consolidated Cash Flow Statement
for the period ended 30 September 2008
Year ended
31 March
2008
Audited
£m |
|
Three months ended
30 September |
Six months ended
30 September |
2008
Unaudited
£m |
2007
Unaudited
£m |
2008
Unaudited
£m |
2007
Unaudited
£m |
| 536 |
Rental income received from tenants |
118 |
123 |
235 |
254 |
| 32 |
Fees and other income received |
5 |
4 |
22 |
25 |
| (91) |
Operating expenses paid to suppliers and employees |
(20) |
(23) |
(41) |
(53) |
| 477 |
Cash generated from operations |
103 |
104 |
216 |
226 |
| (373) |
Interest paid |
(81) |
(87) |
(134) |
(180) |
| 19 |
Interest received |
5 |
6 |
7 |
10 |
| (3) |
UK corporation tax paid |
(1) |
|
(2) |
(2) |
| (1) |
Foreign tax paid |
|
(1) |
|
(1) |
| 47 |
Distributions received: funds and joint ventures |
5 |
6 |
11 |
38 |
| 16 |
 Songbird Estates |
|
|
|
16 |
| 182 |
Net cash inflow from operating activities |
31 |
28 |
98 |
107 |
| |
Cash flows from investing activities |
|
|
|
|
| (119) |
Purchase of investment properties |
|
(20) |
|
(118) |
| (523) |
Development and other capital expenditure |
(104) |
(107) |
(259) |
(217) |
| 1,460 |
Sale of investment properties |
93 |
381 |
777 |
1,123 |
| (291) |
REIT conversion charge paid |
|
(291) |
(6) |
(291) |
| 2 |
Sale of investments |
|
|
|
2 |
| 32 |
Indirect taxes in respect of investing activities |
2 |
52 |
2 |
32 |
| 272 |
Establishment of BL Sainsbury Superstores Joint Venture |
|
|
|
|
| (90) |
Investment in and loans to funds and joint ventures |
(23) |
(50) |
(27) |
(85) |
| 88 |
Capital distributions received: funds and joint ventures |
|
10 |
2 |
50 |
| 30 |
Songbird Estates |
|
|
|
30 |
| (4) |
Purchase of subsidiary companies (net of cash acquired) |
|
|
|
|
| 857 |
Net cash (outflow) inflow from investing activities |
(32) |
(25) |
489 |
526 |
| |
Cash flows from financing activities |
|
|
|
|
| 7 |
Issue of ordinary shares |
1 |
1 |
2 |
3 |
| (151) |
Purchase of own shares |
|
(125) |
|
(137) |
| (161) |
Dividends paid |
(41) |
(43) |
(86) |
(77) |
| |
Movement in other financial liabilities |
(5) |
|
50 |
|
| (686) |
(Decrease) increase in bank and other borrowings |
(151) |
234 |
(415) |
(163) |
| (991) |
Net cash (outflow) inflow from financing activities |
(196) |
67 |
(449) |
(374) |
| 48 |
Net (decrease) increase in cash and cash equivalents |
(197) |
70 |
138 |
259 |
| 191 |
Opening cash and cash equivalents |
574 |
380 |
239 |
191 |
| 239 |
Closing cash and cash equivalents |
377 |
450 |
377 |
450 |
| |
Cash and cash equivalents consists of: |
|
|
|
|
| 244 |
Cash and short-term deposits |
387 |
453 |
387 |
453 |
| (5) |
Overdrafts |
(10) |
(3) |
(10) |
(3) |
| 239 |
|
377 |
450 |
377 |
450 |
Go to the next page: 22 (chapter: Consolidated Income Statement)
Back to the top of the page
