Consolidated cash flow statement
for the year ended 31 December 2007
| Notes | 2007 £mn |
2006 £mn |
|
|---|---|---|---|
| Net cash from operating activities | 35 | 620.8 | 209.2 |
| Investing activities | |||
| Acquisition of subsidiaries | (27.7) | (19.8) | |
| Cash acquired with acquisitions | 6.2 | 6.8 | |
| Purchase of joint ventures | (1.5) | – | |
| Purchase of intangible assets | (11.9) | (4.6) | |
| Purchase of property, plant and equipment | (18.0) | (7.1) | |
| Purchase of non-current financial assets | (76.1) | (62.9) | |
| Purchase of non-current assets held for sale | (36.1) | (90.1) | |
| Disposal of non-current assets held for sale | 5.8 | 50.8 | |
| Proceeds from sale of non-current financial assets | 85.8 | 64.1 | |
| Proceeds from sale of property, plant and equipment | – | 0.4 | |
| Net (outflow)/proceeds from current financial assets | (255.9) | 58.6 | |
| Interest received | 25.1 | 9 | |
| Dividends/capital distributions received from associates and joint ventures | 20.1 | 23.6 | |
| Net cash (used in)/from investing activities | (284.2) | 28.8 | |
| Financing activities | |||
| Proceeds from issue of share capital | 28.7 | 27.8 | |
| Acquisition of own shares | (21.5) | (90.8) | |
| Disposal of own shares | 19.2 | 37.3 | |
| Redemption of ordinary share capital | (34.1) | (84.3) | |
| Distributions made to minority interests | (0.2) | – | |
| Dividends paid | (74.9) | (63.4) | |
| Net cash used in financing | (82.8) | (173.4) | |
| Net increase in cash and cash equivalents | 253.8 | 64.6 | |
| Opening cash and cash equivalents | 452.1 | 402.4 | |
| Net increase in cash and cash equivalents | 253.8 | 64.6 | |
| Effect of exchange rate changes | 11.0 | (14.9) | |
| Closing cash and cash equivalents | 716.9 | 452.1 | |
| Closing cash and cash equivalents consists of: | |||
| Cash and cash equivalents backing insurance unit-linked liabilities | 14 | 1.4 | 12.9 |
| Other cash and cash equivalents held by the Group | 20 | 715.5 | 439.2 |
| 716.9 | 452.1 | ||