Group Cash Flow Statement
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| For the year ended 31 March 2007 | |||
| Note | 2007 $m |
Restated+ 2006 $m |
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| Cash flows from operating activities | |||
| Cash generated from operations | 27 | 1,519 | 943 |
| Interest paid | (215) | (110) | |
| Income tax paid | (202) | (180) | |
| 1,102 | 653 | ||
| Cash flows from investing activities | |||
| Acquisition of subsidiaries and businesses, net of cash acquired | 30 | (38) | (297) |
| Purchase of property, plant and equipment | (44) | (28) | |
| Proceeds from sale of property, plant and equipment | 2 | 1 | |
| Purchase of intangible assets | (254) | (177) | |
| Proceeds from sale/redemption of intangible assets | 57 | 51 | |
| Purchase of associates and joint ventures | 4 | – | |
| Purchase of other non-current investments | (146) | (32) | |
| Proceeds from sale of other non-current investments | 106 | 97 | |
| Interest received | 284 | 172 | |
| Dividends received from associates and joint ventures | 50 | 40 | |
| Dividends from other non-current investments | 3 | 4 | |
| 16 | (169) | ||
| Cash flows from financing activities | |||
| Proceeds from issue of ordinary shares | 42 | 238 | |
| Purchase of treasury shares | (375) | (230) | |
| Purchase of own shares by ESOP trust | (143) | (46) | |
| Disposal of own shares by ESOP trust | 37 | 29 | |
| Proceeds from borrowings | 250 | 450 | |
| Incremental issue costs | – | (1) | |
| Repayment of borrowings | – | (51) | |
| Dividends paid to Company shareholders | (306) | (221) | |
| Dividends paid by equity minority interests | (1) | – | |
| (496) | 168 | ||
| Net increase in cash and bank overdrafts | 622 | 652 | |
| Cash and bank overdrafts at the beginning of the year | 2,798 | 2,146 | |
| Less: cash and bank overdrafts included in discontinued operations | (1,850) | – | |
| Cash and bank overdrafts at the end of the year | 1,570 | 2,798 | |
| 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. Overdrafts repayable on demand amounted to $1 million (2006: $27 million). |
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| Cash flows from discontinued operations (Brokerage) included in the above Statement comprise: | |||
| 2007 $m |
2006 $m |
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| Net cash flows from operating activities | 79 | (96) | |
| Net cash flows from investing activities | 203 | (110) | |
| Net cash flows from financing activities | 48 | 639 | |
| Net increase in cash and bank overdrafts of discontinued operations | 330 | 433 | |