Consolidated statement of
cash flows
for the years ended 31 March
| Note | 2010 £m | 2009 £m | 2008 £m |
|
|---|---|---|---|---|
| Net cash flow from operating activities | 27 | 13,064 | 12,213 | 10,474 |
| Cash flows from investing activities | ||||
| Purchase of interests in subsidiaries and joint ventures, net of cash acquired | (1,777) | (1,389) | (5,957) | |
| Purchase of intangible assets | (2,134) | (1,764) | (846) | |
| Purchase of property, plant and equipment | (4,841) | (5,204) | (3,852) | |
| Purchase of investments | (522) | (133) | (96) | |
| Disposal of interests in subsidiaries, net of cash disposed | – | 4 | – | |
| Disposal of interests in associates | – | 25 | – | |
| Disposal of property, plant and equipment | 48 | 317 | 39 | |
| Disposal of investments | 17 | 253 | 785 | |
| Dividends received from associates | 1,436 | 647 | 873 | |
| Dividends received from investments | 141 | 108 | 72 | |
| Interest received | 195 | 302 | 438 | |
| Net cash flow from investing activities | (7,437) | (6,834) | (8,544) | |
| Cash flows from financing activities | ||||
| Issue of ordinary share capital and reissue of treasury shares | 70 | 22 | 310 | |
| Net movement in short-term borrowings | 227 | (25) | (716) | |
| Proceeds from issue of long-term borrowings | 4,217 | 6,181 | 1,711 | |
| Repayment of borrowings | (5,184) | (2,729) | (3,847) | |
| Purchase of treasury shares | – | (963) | – | |
| B share capital redemption | – | (15) | (7) | |
| Equity dividends paid | (4,139) | (4,013) | (3,658) | |
| Dividends paid to non-controlling shareholders in subsidiaries | (56) | (162) | (113) | |
| Amounts received from non-controlling shareholders | 613 | 618 | – | |
| Interest paid | (1,601) | (1,470) | (1,545) | |
| Net cash flow from financing activities | (5,853) | (2,556) | (7,865) | |
| Net cash flow | (226) | 2,823 | (5,935) | |
| Cash and cash equivalents at beginning of the financial year | 18 | 4,846 | 1,652 | 7,458 |
| Exchange (loss)/gain on cash and cash equivalents | (257) | 371 | 129 | |
| Cash and cash equivalents at end of the financial year | 18 | 4,363 | 4,846 | 1,652 |
The accompanying notes are an integral part of these consolidated financial statements.
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