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25. Cash flow reconciliations

  2008
£m
2007
£m
Cash generated from operations    
Operating profit/(loss) (86) 221
Adjustments for:    
Depreciation, impairment and amortisation of fixed assets    
  Charged to trading profit    
    Depreciation 165 141
    Impairment 1 1
    Amortisation 10 9
  Amortisation of non-operating intangible assets arising on business combinations 10 8
  Restructuring and impairment charges 127 (9)
Changes in fair value of derivative financial instruments 133 10
Amortisation of capital grants (2) (2)
Net profits on sale of fixed assets (1) (8)
Charge for share-based payments 2 6
Movement in post-employment obligations (26) (29)
Change in inventories 7 (51)
Change in receivables 93 (14)
Change in payables and provisions (105) 16
  328 299
Movement in net debt    
Net movement in cash and cash equivalents (156) (78)
Net movement in borrowings (79) (8)
Currency variations 24 5
Finance leases 9 1
Subsidiaries acquired and sold
Movement in year (202) (80)
Net debt at beginning of year (506) (426)
Net debt at end of year (708) (506)
Reconciliation of cash and cash equivalents    
Cash and cash equivalents per balance sheet 114 282
Bank overdrafts included within current liabilities — borrowings (20) (32)
Cash and cash equivalents per cash flow 94 250

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