| All figures in £ millions |
Notes |
2008 |
2007 |
| Cash flows from operating activities |
|
|
|
| Net cash generated from operations |
33 |
894 |
659 |
| Interest paid |
|
(87) |
(109) |
| Tax paid |
|
(89) |
(87) |
| Net cash generated from operating activities |
|
718 |
463 |
| Cash flows from investing activities |
|
|
|
| Acquisition of subsidiaries, net of cash acquired |
30 |
(395) |
(472) |
| Acquisition of joint ventures and associates |
|
(5) |
(4) |
| Purchase of investments |
|
(1) |
— |
| Purchase of property, plant and equipment (PPE) |
|
(75) |
(86) |
| Proceeds from sale of investments |
|
5 |
— |
| Proceeds from sale of PPE |
33 |
2 |
14 |
| Purchase of intangible assets |
|
(45) |
(33) |
| Disposal of subsidiaries, net of cash disposed |
32 |
111 |
469 |
| Interest received |
|
11 |
19 |
| Dividends received from joint ventures and associates |
|
23 |
32 |
| Net cash used in investing activities |
|
(369) |
(61) |
| Cash flows from financing activities |
|
|
|
| Proceeds from issue of ordinary shares |
27 |
6 |
12 |
| Purchase of treasury shares |
|
(47) |
(72) |
| Proceeds from borrowings |
|
455 |
272 |
| Liquid resources acquired |
|
— |
(15) |
| Repayment of borrowings |
|
(275) |
(391) |
| Finance lease principal payments |
|
(3) |
(2) |
| Dividends paid to company's shareholders |
9 |
(257) |
(238) |
| Dividends paid to minority interest |
|
(28) |
(10) |
| Net cash used in financing activities |
|
(149) |
(444) |
| Effects of exchange rate changes on cash and cash equivalents |
|
(103) |
3 |
| Net increase/(decrease) in cash and cash equivalents |
|
97 |
(39) |
| Cash and cash equivalents at beginning of year |
|
492 |
531 |
| Cash and cash equivalents at end of year |
17 |
589 |
492 |
