Consolidated cash flow statement

Year ended 30 June 2009 Year ended 30 June 2008 Year ended 30 June 2007
Notes £ million £ million £ million £ million £ million £ million
Cash flows from operating activities
Profit for the year 1,725 1,597 1,556
Discontinued operations (2) (26) (139)
Taxation 292 522 678
Share of associates’ profits after tax (164) (177) (149)
Net interest and net other finance charges/income 592 319 212
(Gains)/losses on disposal of businesses – (9) 1
Depreciation and amortisation 276 233 210
Movements in working capital (282) (282) (180)
Dividend income 179 143 119
Other items 10 (15) (36)
Cash generated from operations 27 2,626 2,305 2,272
Interest received 63 67 42
Interest paid (478) (387) (279)
Dividends paid to equity minority interests (98) (56) (41)
Taxation paid (522) (369) (368)
Net cash from operating activities 1,591 1,560 1,626
Cash flows from investing activities
Disposal of property, plant and equipment and computer software 14 66 69
Purchase of property, plant and equipment and computer software (327) (328) (274)
Net (purchase)/disposal of other investments (24) 4 (6)
Payment into escrow in respect of the UK pension fund (50) (50) (50)
Disposal of businesses 1 4 4
Purchase of businesses 28 (102) (575) (70)
Net cash outflow from investing activities (488) (879) (327)
Cash flows from financing activities
Proceeds from issue of share capital – 1 1
Net purchase of own shares for share schemes (38) (78) (25)
Own shares repurchased (354) (1,008) (1,405)
Net increase in loans 256 1,094 1,226
Equity dividends paid (870) (857) (858)
Net cash used in financing activities (1,006) (848) (1,061)
Net increase/(decrease) in net cash and cash equivalents 97 (167) 238
Exchange differences 66 11 (50)
Net cash and cash equivalents at beginning of the year 683 839 651
Net cash and cash equivalents at end of the year 846 683 839
Net cash and cash equivalents consist of:
Cash and cash equivalents 19 914 714 885
Bank overdrafts 20 (68) (31) (46)
846 683 839

The accompanying notes are an integral part of these consolidated financial statements.