All figures in £ millions |
Notes |
2010 |
2009 |
Cash flows from operating activities |
|
|
|
Net profit |
|
289 |
233 |
Adjustments for: |
|
|
|
Income tax |
|
(40) |
(57) |
Net finance costs |
|
115 |
169 |
Amounts due from subsidiaries |
|
873 |
115 |
Net cash generated from operations |
|
1,237 |
460 |
Interest paid |
|
(156) |
(130) |
Tax received |
|
50 |
65 |
Net cash generated from operating activities |
|
1,131 |
395 |
Cash flows from investing activities |
|
|
|
Acquisition of subsidiaries, net of cash acquired |
|
(93) |
(1) |
Interest received |
|
1 |
– |
Net cash used in investing activities |
|
(92) |
(1) |
Cash flows from financing activities |
|
|
|
Proceeds from issue of ordinary shares |
7 |
12 |
8 |
Net purchase of treasury shares |
|
(71) |
(13) |
Repayment of borrowings |
|
– |
(131) |
Dividends paid to company’s shareholders |
|
(292) |
(273) |
Net cash used in financing activities |
|
(351) |
(409) |
Effects of exchange rate changes on cash and cash equivalents |
|
17 |
15 |
Net increase in cash and cash equivalents |
|
705 |
– |
Cash and cash equivalents at beginning of year |
|
(295) |
(295) |
Cash and cash equivalents at end of year |
4 |
410 |
(295) |