Notes to the consolidated
financial statements
27. Reconciliation of net cash flow from operating activities
| 2010 £m | 2009 £m | 2008 £m |
|
|---|---|---|---|
| Profit for the financial year | 8,618 | 3,080 | 6,756 |
| Adjustments for: | |||
| Share-based payments | 150 | 128 | 107 |
| Depreciation and amortisation | 7,910 | 6,814 | 5,909 |
| Loss on disposal of property, plant and equipment | 101 | 10 | 70 |
| Share of result in associates | (4,742) | (4,091) | (2,876) |
| Impairment losses, net |
2,100 | 5,900 | – |
| Other income and expense | (114) | – | 28 |
| Non-operating income and expense | 10 | 44 | (254) |
| Investment income | (716) | (795) | (714) |
| Financing costs | 1,512 | 2,419 | 2,014 |
| Income tax expense | 56 | 1,109 | 2,245 |
| Decrease/(increase) in inventory | 2 | 81 | (78) |
| (Increase)/decrease in trade and other receivables | (714) | 80 | (378) |
| Increase/(decrease) in trade and other payables | 1,164 | (145) | 460 |
| Cash generated by operations | 15,337 | 14,634 | 13,289 |
| Tax paid | (2,273) | (2,421) | (2,815) |
| Net cash flow from operating activities | 13,064 | 12,213 | 10,474 |
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