Section image

Unaudited condensed consolidated interim cash flow statement

For the six months ended 30 June 2011	Notes	Six months ended 30 June 2011 £m	Six months ended 30 June 2010 £m	Year ended 31 December 2010 £m
Net cash (outflow)/inflow from operating activities	10	(490.0)	(159.7)	1,361.2
Investing activities
Acquisitions and disposals	10	(181.8)	(77.5)	(200.1)
Purchases of property, plant and equipment		(92.9)	(79.9)	(190.5)
Purchases of other intangible assets (including capitalised computer software)		(13.7)	(9.9)	(27.0)
Proceeds on disposal of property, plant and equipment		7.3	1.5	7.6
Net cash outflow from investing activities		(281.1)	(165.8)	(410.0)
Financing activities
Share option proceeds		23.5	9.3	42.7
Cash consideration for non-controlling interests	10	(46.9)	(12.4)	(15.1)
Share repurchases and buy-backs	10	(98.5)	(28.6)	(46.4)
Net increase in borrowings	10	291.0	432.0	19.8
Financing and share issue costs		(1.0)	(1.1)	(3.5)
Equity dividends paid		–	(126.6)	(200.4)
Dividends paid to non-controlling interests in subsidiary undertakings		(28.7)	(33.3)	(66.7)
Net cash inflow/(outflow) from financing activities		139.4	239.3	(269.6)
Net decrease in cash and cash equivalents		(631.7)	(86.2)	681.6
Translation differences		9.1	92.2	82.2
Cash and cash equivalents at beginning of period		1,709.8	946.0	946.0
Cash and cash equivalents at end of period	10	1,087.2	952.0	1,709.8
Reconciliation of net cash flow to movement in net debt:
Net decrease in cash and cash equivalents		(631.7)	(86.2)	681.6
Cash inflow from increase in debt financing		(290.0)	(430.9)	(16.3)
Debt acquired		(17.5)	–	–
Other movements		(0.1)	(22.8)	(17.7)
Translation difference		(51.4)	151.5	104.4
Movement of net debt in the period		(990.7)	(388.4)	752.0
Net debt at beginning of period		(1,888.4)	(2,640.4)	(2,640.4)
Net debt at end of period	11	(2,879.1)	(3,028.8)	(1,888.4)