Consolidated cash flow statement
for the years ended 31 March
Note |
2009 £m |
2008 £m |
2007 £m |
|
|---|---|---|---|---|
| Net cash flow from operating activities | 30, 31 | 12,213 | 10,474 | 10,328 |
| Cash flows from investing activities | ||||
| Purchase of interests in subsidiary undertakings and joint ventures, net of cash acquired | (1,389) | (5,957) | (2,805) | |
| Purchase of intangible assets | (1,764) | (846) | (899) | |
| Purchase of property, plant and equipment | (5,204) | (3,852) | (3,633) | |
| Purchase of investments | (133) | (96) | (172) | |
| Disposal of interests in subsidiary undertakings, net of cash disposed | 4 | − | 6,767 | |
| Disposal of interests in associated undertakings | 25 | − | 3,119 | |
| Disposal of property, plant and equipment | 317 | 39 | 34 | |
| Disposal of investments | 253 | 785 | 80 | |
| Dividends received from associated undertakings | 647 | 873 | 791 | |
| Dividends received from investments | 108 | 72 | 57 | |
| Interest received | 302 | 438 | 526 | |
| Net cash flow from investing activities | 30 | (6,834) | (8,544) | 3,865 |
| Cash flows from financing activities | ||||
| Issue of ordinary share capital and reissue of treasury shares | 22 | 310 | 193 | |
| Net movement in short term borrowings | (25) | (716) | 953 | |
| Proceeds from issue of long term borrowings | 6,181 | 1,711 | 5,150 | |
| Repayment of borrowings | (2,729) | (3,847) | (1,961) | |
| Purchase of treasury shares | (963) | − | (43) | |
| B share capital redemption | (15) | (7) | (5,713) | |
| B share preference dividends paid | − | − | (3,291) | |
| Equity dividends paid | (4,013) | (3,658) | (3,555) | |
| Dividends paid to minority shareholders in subsidiary undertakings | (162) | (113) | (34) | |
| Amounts received from minority shareholders | 618 | − | − | |
| Interest paid | (1,470) | (1,545) | (1,051) | |
| Net cash flow from financing activities | 30 | (2,556) | (7,865) | (9,352) |
| Net cash flow | 2,823 | (5,935) | 4,841 | |
| Cash and cash equivalents at beginning of the financial year | 18 | 1,652 | 7,458 | 2,932 |
| Exchange gain/(loss) on cash and cash equivalents | 371 | 129 | (315) | |
| Cash and cash equivalents at end of the financial year | 18 | 4,846 | 1,652 | 7,458 |
The accompanying notes are an integral part of these consolidated financial statements.