| All figures in £ millions |
Notes |
2008 |
2007 |
| Cash flows from operating activities |
|
|
|
| Net profit/(loss) |
|
526 |
(43) |
| Adjustments for: |
|
|
|
| Income tax |
|
(37) |
(67) |
| Net finance costs |
|
98 |
183 |
| Other liabilities |
|
— |
(1) |
| Other receivables |
|
2 |
— |
| Amounts due from subsidiaries |
|
193 |
(499) |
| Profit on sale of subsidiaries |
|
— |
(32) |
| Net cash generated from/(used in) operations |
|
782 |
(459) |
| Interest paid |
|
(209) |
(247) |
| Tax received |
|
52 |
99 |
| Net cash generated from/(used in) operating activities |
|
625 |
(607) |
| Cash flows from investing activities |
|
|
|
| Acquisition of subsidiaries, net of cash acquired |
|
— |
(46) |
| Disposal of subsidiaries, net of cash disposed |
|
— |
913 |
| Interest received |
|
2 |
5 |
| Net cash generated from investing activities |
|
2 |
872 |
| Cash flows from financing activities |
|
|
|
| Proceeds from issue of ordinary shares |
7 |
6 |
12 |
| Net purchase of treasury shares |
|
(12) |
(33) |
| Proceeds from borrowings |
|
152 |
347 |
| Repayment of borrowings |
|
(584) |
(391) |
| Dividends paid to company’s shareholders |
|
(257) |
(238) |
| Net cash used in financing activities |
|
(695) |
(303) |
| Effects of exchange rate changes on cash and cash equivalents |
|
(7) |
1 |
| Net decrease in cash and cash equivalents |
|
(75) |
(37) |
| Cash and cash equivalents at beginning of year |
|
(220) |
(183) |
| Cash and cash equivalents at end of year |
4 |
(295) |
(220) |
