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| All figures in £ millions | Notes | 2006 | 2005 |
|---|---|---|---|
| Cash flows from operating activities | |||
| Net profit/(loss) | 78 | (362) | |
| Adjustments for: | |||
| Tax | (67) | (54) | |
| Net finance costs | 63 | 241 | |
| Other liabilities | 16 | – | |
| Amounts due from subsidiaries | (115) | 549 | |
| Amount written down in investments in subsidiaries |
20 | – | |
| Cash (used in)/generated from operations |
(5) | 374 | |
| Interest paid | (175) | (159) | |
| Tax received | 55 | 57 | |
| Net cash (used in)/generated from operating activities |
(125) | 272 | |
| Cash flows from investing activities | |||
| Acquisition of subsidiaries, net of cash acquired |
(120) | (33) | |
| Interest received | 15 | 13 | |
| Purchase of other financial assets | – | (60) | |
| Disposal of other financial assets | – | 341 | |
| Net cash (used in)/generated from investing activities |
(105) | 261 | |
| Cash flows from financing activities | |||
| Proceeds from issue of ordinary shares | 6 | 11 | 4 |
| Net Group contribution to purchase of treasury shares |
7 | 6 | 5 |
| Repayments of borrowings | (12) | (59) | |
| Dividends paid to Company’s shareholders |
(220) | (205) | |
| Net cash used in financing activities | (215) | (255) | |
| Effects of exchange rate changes on cash and cash equivalents |
(10) | (3) | |
| Net (decrease)/increase in cash and cash equivalents |
(455) | 275 | |
| Cash and cash equivalents at beginning of year |
272 | (3) | |
| Cash and cash equivalents at end of year | 3 | (183) | 272 |