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.

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