for the year ended 30 June 2006
2006 £m | 2005 £m | |
---|---|---|
Cash flows from operating activities | ||
Cash generated from operations | 1,004 | 989 |
Interest received | 43 | 28 |
Taxation paid | (172) | (103) |
Net cash from operating activities | 875 | 914 |
Cash flows from investing activities | ||
Dividends received from joint ventures and associates | 7 | 12 |
Funding to joint ventures and associates | (3) | (4) |
Repayments of funding from joint ventures and associates | 1 | 8 |
Proceeds from the sale of a joint venture | - | 14 |
Purchase of property, plant and equipment | (169) | (149) |
Purchase of intangible assets | (43) | (92) |
Proceeds from the sale of equity investments | - | 1 |
Increase in short-term deposits | (453) | (60) |
Purchase of subsidiaries (net of cash and cash equivalents purchased) | (209) | - |
Net cash used in investing activities | (869) | (270) |
Cash flows from financing activities | ||
Proceeds from issue of Guaranteed Notes | 1,014 | - |
Proceeds from disposal of shares in Employee Share Ownership Plan ("ESOP") | 13 | 4 |
Purchase of own shares for ESOP | (17) | (14) |
Purchase of own shares for cancellation | (408) | (416) |
Interest paid | (105) | (91) |
Dividends paid to shareholders | (191) | (138) |
Net cash from (used in) financing activities | 306 | (655) |
Effect of foreign exchange rate movements | 1 | 1 |
Net increase (decrease) in cash and cash equivalents | 313 | (10) |
Cash and cash equivalents at the beginning of the year | 503 | 513 |
Cash and cash equivalents at the end of the year | 816 | 503 |
The Annual Review is a summary report on the full year to 30 June 2006, intended
for the investor not needing the full detail of the Annual Report.
As a summary report, the Annual Review does not contain sufficient information
to allow as full an understanding of the results and state of affairs of the Group as is provided by the full Annual Report.
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