Group Cash Flow Statement
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| Note | Half year to 30 September 2007 $m |
Restated* Half year to 30 September 2006 $m |
Restated* Year to 31 March 2007 $m |
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| Cash flows from operating activities | ||||||
| Cash generated from operations | 9 | 702 | 511 | 1,570 | ||
| Interest paid | (94) | (93) | (215) | |||
| Income tax paid | (171) | (131) | (202) | |||
| 437 | 287 | 1,153 | ||||
| Cash flows from investing activities | ||||||
| Acquisition of subsidiaries and businesses, | ||||||
| net of cash acquired | (35) | – | (38) | |||
| Proceeds from sale of subsidiaries and businesses, | ||||||
| net of cash disposed | 1,325 | – | – | |||
| Purchases of property, plant and equipment | (22) | (21) | (43) | |||
| Proceeds from sale of property, plant and equipment | – | 1 | 2 | |||
| Purchases of intangible assets | (139) | (158) | (254) | |||
| Proceeds from sale of intangible assets | 37 | 24 | 57 | |||
| Purchases of associates and joint ventures | – | – | (4) | |||
| Proceeds from sale of associates and joint ventures | 2 | 1 | – | |||
| Purchases of other non-current investments | (17) | (50) | (147) | |||
| Proceeds from sale of other non-current investments | 25 | 23 | 106 | |||
| Interest received | 125 | 105 | 233 | |||
| Dividends received from associates and joint ventures | 42 | 28 | 50 | |||
| Dividends from other non-current investments | 6 | – | 3 | |||
| 1,349 | (47) | (35) | ||||
| Cash flows from financing activities | ||||||
| Proceeds from issue of ordinary shares | 72 | 40 | 42 | |||
| Purchase of treasury shares | (520) | (156) | (375) | |||
| Purchase of own shares by ESOP trust | (124) | (136) | (143) | |||
| Disposal of own shares by ESOP trust | 40 | 35 | 37 | |||
| Proceeds from borrowings | 500 | 175 | 250 | |||
| Incremental issue costs | (3) | – | – | |||
| Repayments of borrowings | (757) | – | – | |||
| Dividends paid to Company shareholders | (250) | (165) | (306) | |||
| Dividends paid to equity minority interests | – | – | (1) | |||
| (1,042) | (207) | (496) | ||||
| Net increase in cash and bank overdrafts | 744 | 33 | 622 | |||
| Cash and bank overdrafts at the beginning of the period | 3,420 | 2,798 | 2,798 | |||
| Less cash and bank overdrafts included in discontinued operations | – | – | (1,850) | |||
| Cash and bank overdrafts at the end of the period | 4,164 | 2,831 | 1,570 | |||
| * The restatement of the comparative periods relates to the reclassification of interest income on loans to fund products (see note 1). | ||||||
| The cash flow statement includes cash flows from continuing operations and discontinued operations up until the date of the IPO. For the purposes of the cash flow statement, cash and cash equivalents are included net of overdrafts repayable on demand. These overdrafts are excluded from the definition of cash and cash equivalents disclosed on the balance sheet. At 30 September 2007 overdrafts repayable on demand amounted to $91 million (30 September 2006: $67 million, 31 March 2007: $1 million). | ||||||
| Cash flows from discontinued operations up until the date of the IPO comprise: | Half year to 30 September 2007 $m |
Half year to 30 September 2006 $m |
Year to 31 March 2007 $m |
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| Net cash flows from operating activities | (522) | (44) | 79 | |||
| Net cash flows from investing activities | 44 | 59 | 203 | |||
| Net cash flows from financing activities | – | 95 | 48 | |||
| Net (decrease)/increase in cash and bank overdrafts | (478) | 110 | 330 | |||