Consolidated statement of cash flows

Cash flows from operating activities

Profit/(loss) before tax from continuing operations

245

(116)

Adjustments for:

– depreciation of property, plant and equipment

6

91

99

– exceptional items

7

5

298

– amortisation of intangible assets

6

18

20

– share-based payments charge

9

9

4

– finance income

10

(3)

(2)

– finance expense

10

61

74

Changes in working capital

32

(101)

186

Cash generated from continuing operations

325

563

Interest paid

(49)

(61)

Income tax paid

(31)

(30)

Cash (used in)/generated from discontinued operations

12

(100)

115

Net cash generated from operating activities

145

587

Cash flows from investing activities

Proceeds on disposal of property, plant and equipment

37

–

Interest received

3

2

Purchase of available-for-sale financial assets

18

(5)

(3)

Acquisitions of subsidiaries, net of cash acquired

37

–

(21)

Disposal of businesses, net of cash disposed

37

280

(26)

Purchase of property, plant and equipment

(58)

(60)

Purchase of intangible assets and other non-current assets

(12)

(5)

Net cash used in investing activities in discontinued operations

12

(5)

(18)

Net cash generated from/(used in) investing activities

240

(131)

Cash flows from financing activities

Proceeds from issuance of ordinary shares

2

2

Repurchase of ordinary shares

–

(6)

Cash inflow from additional borrowings

–

198

Cash outflow from repayment of borrowings

(129)

(417)

Cash outflow from repayment of capital element of finance leases

(2)

(3)

Dividends paid to the Company’s equity holders

14

(70)

(103)

Net cash used in financing activities in discontinued operations

12

(18)

(47)

Net cash used in financing activities

(217)

(376)

Net increase in cash and cash equivalents

34

168

80

Cash and cash equivalents

Balance at beginning of year

504

434

Effect of changes in foreign exchange rates

(18)

(10)

Net increase in cash and cash equivalents

168

80

Balance at end of year

33

654

504