Financial Statements

Consolidated Cash Flow Statementfor the year to 31 December 2008

Note 2008
£m
2007
£m
Net cash from/(used in) operating activities 32 153.6 (163.3)
   
Investing activities  
Interest received   11.0 2.3
Dividends received from joint ventures   7.7 24.4
Amounts invested in software development 12 (2.5) (0.4)
Proceeds on disposal of property, plant and investments   17.6 17.3
Purchases of property, plant and investments 14 (10.9) (13.6)
Amounts invested in joint ventures   (5.2) (3.1)
Amounts repaid by joint ventures   10.6
Acquisition of subsidiaries   31.0
Disposal of subsidiaries 31 (11.9)
Net cash from investing activities   5.8 68.5
   
Financing activities  
Dividends paid 9 (107.9) (117.3)
Dividends paid by subsidiaries to minority shareholders   (0.7) (1.1)
Proceeds from sale of own shares   2.7 4.7
Purchase of own shares   (251.6)
New bank loans raised   2,083.8
New debenture loans raised   256.2
Repayment of debenture loans   (1.4) (52.1)
Repayment of bank loans   (1,944.6)
Increase in bank loans and overdrafts   525.7 0.5
Net cash from/(used in) financing activities   418.4 (21.5)
       
Net increase/(decrease) in cash and cash equivalents   577.8 (116.3)
Cash and cash equivalents at beginning of year   130.0 236.5
Effect of foreign exchange rate changes   44.5 9.8
Cash and cash equivalents at end of year 32 752.3 130.0