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| Notes | 2006 £m |
2005 (i) £m |
|
|---|---|---|---|
| Cash flows from operating activities | |||
| Total operating profit | 2,439 | 2,142 | |
| Adjustments for: | |||
| Exceptional items and remeasurements | 88 | 301 | |
| Depreciation and amortisation | 952 | 819 | |
| Share-based payment charge | 15 | 12 | |
| Changes in working capital | (212) | (105) | |
| Changes in provisions | 9 | (119) | |
| Changes in pensions and other post-retirement benefit obligations | (42) | (19) | |
| Cash flows relating to exceptional items | (118) | (120) | |
| Cash flow generated from continuing operations | 3,131 | 2,911 | |
| Cash flow relating to discontinued operations | 33(a) | (20) | 547 |
| Cash generated from operations | 3,111 | 3,458 | |
| Tax paid - continuing operations | (103) | (52) | |
| Tax paid - discontinued | (37) | (98) | |
| Net cash inflow from operating activities | 2,971 | 3,308 | |
| Cash flows from investing activities | |||
| Acquisition of subsidiaries, net of cash acquired | - | (1,122) | |
| Sale of investments in joint ventures | 8 | 8 | |
| Purchase of intangible assets | (16) | (79) | |
| Purchases of property, plant and equipment | (1,750) | (1,427) | |
| Disposals of property, plant and equpiment | 18 | 22 | |
| Purchases of financial investments | (2,870) | (113) | |
| Sales of financial investments | 2,895 | 54 | |
| Dividends received from joint ventures | 2 | 5 | |
| Cash flows used in continuing operations investing activities | (1,713) | (2,652) | |
| Cash flows relating to discontinued operations - disposals proceeds | 5,750 | - | |
| Cash flows relating to discontinued operations - other investing activities | (115) | (323) | |
| Net cash inflow from/(used in) investing activities | 3,922 | (2,975) | |
| Cash flows from financing activities | |||
| Proceeds from issue of share capital | 54 | 13 | |
| Proceeds from loans received | 1,026 | 998 | |
| Repayment of loans | (1,714) | (868) | |
| Net movements in short-term borrowings and derivatives | (1,616) | 922 | |
| Interest received | 130 | 75 | |
| Interest paid | (834) | (837) | |
| Exceptional finance costs on the repayment of debt | (49) | - | |
| Dividends paid to shareholders | (745) | (628) | |
| Cash paid to shareholders under B share scheme | (1,957) | - | |
| Purchase of treasury shares | (7) | - | |
| Net cash used in financing activities | (5,712) | (325) | |
| Net increase in cash and cash equivalents | 1,181 | 8 | |
| Exchange movements | 14 | (1) | |
| Net cash and cash equivalents at start of year (ii) | 254 | 247 | |
| Net cash and cash equivalents at end of year (ii) | 26 | 1,449 | 254 |