Consolidated cash flow statement
| For the year ended 31 December 2008 |
Notes | 2008 £m |
2007 £m |
2006 £m |
|---|---|---|---|---|
| Net cash inflow from operating activities | 11 | 922.7 | 891.3 | 661.4 |
| Investing activities | ||||
| Acquisitions and disposals | 11 | (1,049.1) | (674.8) | (215.6) |
| Purchases of property, plant and equipment | (196.8) | (151.1) | (167.8) | |
| Purchases of other intangible assets (including capitalised computer software) | (23.8) | (19.7) | (16.7) | |
| Proceeds on disposal of property, plant and equipment | 11.5 | 8.3 | 22.4 | |
| Net cash outflow from investing activities | (1,258.2) | (837.3) | (377.7) | |
| Financing activities | ||||
| Share option proceeds | 10.6 | 34.8 | 70.9 | |
| Share repurchases and buy-backs | 11 | (105.3) | (415.4) | (257.7) |
| Net increase in borrowings | 11 | 810.4 | 498.9 | 382.1 |
| Financing and share issue costs | (19.4) | (8.3) | (3.7) | |
| Equity dividends paid | 8 | (161.8) | (138.9) | (118.9) |
| Dividends paid to minority shareholders in subsidiary undertakings | (63.5) | (38.9) | (28.8) | |
| Net cash inflow/(outflow) from financing activities | 471.0 | (67.8) | 43.9 | |
| Net increase/(decrease) in cash and cash equivalents | 135.5 | (13.8) | 327.6 | |
| Translation differences | 120.3 | 119.2 | (50.3) | |
| Cash and cash equivalents at beginning of year | 1,062.3 | 956.9 | 679.6 | |
| Cash and cash equivalents at end of year | 11 | 1,318.1 | 1,062.3 | 956.9 |
| Reconciliation of net cash flow to movement in net debt: | ||||
| Net increase/(decrease) in cash and cash equivalents | 135.5 | (13.8) | 327.6 | |
| Cash inflow from increase in debt financing | (796.6) | (493.5) | (380.1) | |
| Debt acquired | (577.8) | (7.5) | – | |
| Other movements | (94.5) | 33.5 | 9.3 | |
| Translation difference | (448.5) | 10.2 | 32.6 | |
| Movement of net debt in the year | (1,781.9) | (471.1) | (10.6) | |
| Net debt at beginning of year | (1,285.7) | (814.6) | (804.0) | |
| Net debt at end of year | 10 | (3,067.6) | (1,285.7) | (814.6) |
Note
- The accompanying notes form an integral part of this cash flow statement.