Preliminary results for the year ended 29 January 2011
Consolidated cash flow statement
Year ended 29 January 2011
| £ millions | Notes | 2010/11 | 2009/10 |
|---|---|---|---|
| Operating activities | |||
| Cash generated by operations | 10 | 763 | 1,130 |
| Income tax paid | (133) | (151) | |
| French tax receipt | 6 | - | 148 |
| Net cash flows from operating activities | 630 | 1,127 | |
| Investing activities | |||
| Purchase of property, plant and equipment, investment property and intangible assets | (310) | (256) | |
| Disposal of property, plant and equipment, investment property and intangible assets | 87 | 59 | |
| Interest received | 19 | 14 | |
| Dividends received from joint ventures and associates | 6 | 5 | |
| Net cash flows from investing activities | (198) | (178) | |
| Financing activities | |||
| Interest paid | (33) | (72) | |
| Interest element of finance lease rental payments | (5) | (5) | |
| Repayment of bank loans | (57) | (130) | |
| Repayment of Medium Term Notes and other fixed term debt | (696) | (500) | |
| Receipt on financing derivatives | 6 | 78 | |
| Capital element of finance lease rental payments | (12) | (14) | |
| Issue of share capital under share schemes | 3 | - | |
| Purchase of own shares | - | (7) | |
| Disposal of own shares | 1 | - | |
| Dividends paid to equity shareholders of the Company | (129) | (125) | |
| Net cash flows from financing activities | (922) | (775) | |
| Net (decrease)/increase in cash and cash equivalents and bank overdrafts | (490) | 174 | |
| Cash and cash equivalents and bank overdrafts at beginning of year | 1,135 | 994 | |
| Exchange differences | (9) | (33) | |
| Cash and cash equivalents and bank overdrafts at end of year | 11 | 636 | 1,135 |
