Notes to the Consolidated Financial Statements
Notes 26-30
- 26. Provisions
- 27. Trade and other payables
- 28. Acquisitions
- 29. Disposals and discontinued operations
- 30. Reconciliations of net cash flows from operating activities
30. Reconciliation of net cash flows from operating activities
| 2008 £m |
2007 £m |
2006 £m |
|
|---|---|---|---|
| Profit/(loss) for the financial year from continuing operations | 6,756 | (4,806) | (17,233) |
| Loss for the financial year from discontinued operations | – | (491) | (4,588) |
| Adjustments for(1): | |||
| Share-based payments | 107 | 93 | 114 |
| Depreciation and amortisation | 5,909 | 5,111 | 5,834 |
| Loss on disposal of property, plant and equipment | 70 | 44 | 88 |
| Share of result in associated undertakings | (2,876) | (2,728) | (2,428) |
| Impairment losses | – | 11,600 | 28,415 |
| Other income and expense | 28 | (502) | (15) |
| Non-operating income and expense | (254) | (4) | 2 |
| Investment income | (714) | (789) | (353) |
| Financing costs | 2,014 | 1,604 | 1,123 |
| Income tax expense | 2,245 | 2,293 | 2,520 |
| Loss on disposal of discontinued operations | – | 747 | – |
| (Increase)/decrease in inventory | (78) | (23) | 23 |
| (Increase)/decrease in trade and other receivables | (378) | (753) | 54 |
| Increase/(decrease) in trade and other payables | 460 | 1,175 | (33) |
| Cash generated by operations | 13,289 | 12,571 | 13,523 |
| Tax paid | (2,815) | (2,243) | (1,682) |
| Net cash flows from operating activities | 10,474 | 10,328 | 11,841 |
| Note: | |
|---|---|
| (1) | Adjustments include amounts relating to continuing and discontinued operations. |