Consolidated cash flow statement
Year ended 2 February 2013
| £ millions | Notes | 2012/13 | 2011/12 |
|---|---|---|---|
| Operating activities | |||
| Cash generated by operations | 10 | 730 | 827 |
| Income tax paid | (129) | (148) | |
| Net cash flows from operating activities | 601 | 679 | |
| Investing activities | |||
| Purchase of businesses | - | (2) | |
| Purchase of property, plant and equipment, investment property and intangible assets | (316) | (450) | |
| Disposal of property, plant and equipment, investment property and intangible assets | 17 | 9 | |
| Interest received | 18 | 19 | |
| Dividends received from joint ventures and associates | 10 | 10 | |
| Net cash flows from investing activities | (271) | (414) | |
| Financing activities | |||
| Interest paid | (18) | (22) | |
| Interest element of finance lease rental payments | (4) | (5) | |
| Repayment of bank loans | (31) | (10) | |
| Repayment of Medium Term Notes and other fixed term debt | (162) | (30) | |
| Payment on financing derivatives | - | (5) | |
| Capital element of finance lease rental payments | (12) | (16) | |
| New shares issued under share schemes | 6 | 6 | |
| Own shares issued under share schemes | 6 | 2 | |
| Own shares purchased | - | (117) | |
| Purchase of non-controlling interests | - | (8) | |
| Dividends paid to equity shareholders of the Company | (221) | (178) | |
| Net cash flows from financing activities | (436) | (383) | |
| Net decrease in cash and cash equivalents and bank overdrafts | (106) | (118) | |
| Cash and cash equivalents and bank overdrafts at beginning of year | 485 | 636 | |
| Exchange differences | 19 | (33) | |
| Cash and cash equivalents and bank overdrafts at end of year | 11 | 398 | 485 |
