Email this page

Group Cashflow Statement

Abridged Group cash flow

for the year ended 31 December

	2006	2005 ^AB
	$ million	$ million
Profit before taxation	550	428
Less:Net interest receivable	(10)	(9)
Depreciation, amortisation and impairment	169	180
Share based payment expense	14	13
Movement in working capital and provisions	(217)	(240)
Cash generated from operations	506	372
Net interest received	10	9
Income taxes paid	(144)	(112)
Net cash inflow from operating activities	372	269
Acquisitions	(85)	(25)
Cash acquired with acquisitions	2	-
Disposal of the joint venture	537	-
Dividends received from the joint venture	-	25
Capital expenditure	(222)	(200)
Net cash provided by/(used in) investing activities	232	(200)
Proceeds from issue of ordinary share capital	16	19
Equity dividends paid	(96)	(91)
Cash movements in borrowings	(293)	34
Settlement of currency swaps	(10)	(4)
Net cash used in financing activities	(383)	(42)
Net increase in cash and cash equivalents	221	27
Cash and cash equivalents at beginning of year	65	44
Exchange adjustments	5	(6)
Cash and cash equivalents at end of year	291	65
Net cash/(net debt) at 31 December	346	151
Cash and bank	(15)	(211)
Long-term borrowings	(119)	(227)
Bank overdrafts and loans due within one year	(2)	(19)
Net currency swap liabilities	210	(306)
Gearing	-	21%

^A As restated for the change in reporting from sterling to US dollars on 1 January 2006 – see Note 1.

^B As restated – see Note 1.