Cash Flow Statement (IFRS basis)
|
30.06.06 £m |
30.06.05 Restated £m |
Full year 2005 £m |
|
|---|---|---|---|
| Profit from ordinary activities after income tax | 277 | 377 | 1,025 |
| Adjustments for non cash movements in net profit for the period | (2,371) | (9,572) | (25,875) |
| Net decrease in operational assets | (9,112) | (8,188) | (16,727) |
| Net increase in operational liabilities | 8,161 | 15,888 | 37,173 |
| Cash used in operations | (3,045) | (1,495) | (4,404) |
| Interest paid | (73) | (43) | (96) |
| Interest received | 1,653 | 1,471 | 2,967 |
| Income tax paid | (184) | (155) | (240) |
| Dividends received | 1,843 | 1,329 | 2,576 |
| Net cash flows from operating activities | 194 | 1,107 | 803 |
| Cash flows from investing activities | |||
| Net acquisition of plant and equipment | (9) | (9) | (22) |
| Net proceeds from disposal of Ventures’ investments | – | – | 23 |
| Net proceeds from disposal of Gresham | – | 73 | 73 |
| Non-financial investments purchased | (2) | – | (19) |
| Net cash flows from investing activities | (11) | 64 | 55 |
| Cash flows from financing activities | |||
| Dividend distributions to ordinary equity holders of the Company during the period | (236) | (224) | (331) |
| Distributions during the period on subordinated borrowings designated as equity | – | (8) | (16) |
| Proceeds from issue of ordinary share capital | 12 | – | 1 |
| Purchase of treasury shares | (9) | (11) | (15) |
| Increase in borrowings | 45 | 493 | 507 |
| Other | – | – | (1) |
| Net cash flows from financing activities | (188) | 250 | 145 |
| Net (decrease)/increase in cash and cash equivalents | (5) | 1,421 | 1,003 |
| Exchange (losses)/gains on cash and cash equivalents | (15) | (3) | 6 |
| Cash and cash equivalents at beginning of period | 4,001 | 2,992 | 2,992 |
| Cash and cash equivalents at end of period | 3,981 | 4,410 | 4,001 |
The Group's consolidated cash flow statement includes all cash and cash equivalent flows of the Group, including those relating to the UK Long Term Fund.