Group statement of cash flows FOR THE YEAR ENDED 31 DECEMBER 2012

Notes2012
£m
2011
£m
Cash flows from operating activities
Cash generated from operations14165.3233.3
Interest paid(24.1)(27.6)
Interest received5.410.0
Income taxes paid(60.1)(55.9)
Net cash inflow from operating activities86.5159.8
Cash flows from investing activities
Capital expenditure(80.0)(85.1)
Proceeds from the sale of property, plant and equipment3.32.3
Acquisition of subsidiaries and joint ventures, net of cash acquired36(26.1)(11.3)
Disposal of subsidiaries and joint ventures, net of cash disposed of24(46.2)(4.4)
Settlement of closed-out interest rate swaps(1.0)(4.0)
Dividends received from joint ventures1.31.2
Other investing outflows(2.4)(2.1)
Net cash outflow from investing activities(151.1)(103.4)
Net cash (outflow)/inflow before financing activities(64.6)56.4
Cash flows from financing activities
Increase in borrowings16119.141.2
Settlement of forward foreign exchange contracts(23.7)(27.6)
Proceeds from the issue of share capital2.2
Purchase of own shares(19.8)(7.8)
Borrowing facility arrangement costs(5.0)(4.3)
Dividends paid to equity shareholders29(61.2)(51.8)
Dividends paid to non-controlling shareholders(1.2)(1.3)
Net cash inflow/(outflow) from financing activities10.4(51.6)
Net (decrease)/increase in cash and cash equivalents16(54.2)4.8
Cash and cash equivalents at 1 January183.9181.4
Effect of exchange rate fluctuations on cash and cash equivalents(5.0)(2.3)
Cash and cash equivalents at 31 December15124.7183.9

 

Continuing operations £mDiscontinued operations
£m
2012
Total
£m
Continuing operations
£m
Discontinued operations
£m
2011
Total
£m
Free cash flow
Net cash inflow from operating activities64.022.586.586.773.1159.8
Additional funding contributions into Group pension plans45.22.147.311.51.713.2
Capital expenditure(56.2)(23.8)(80.0)(66.5)(18.6)(85.1)
Proceeds from the sale of property, plant and equipment1.41.93.31.70.62.3
Dividends received from joint ventures1.00.31.31.21.2
Dividends paid to non-controlling shareholders(1.2)(1.2)(1.3)(1.3)
Free cash flow54.23.057.232.158.090.1