Financial Statements
Consolidated Cash Flow Statement
- Home
- Financial Statements
- Consolidated Cash Flow Statement
For the year ended 31 March 2007
| Note | 2007 £m |
2006 £m |
|
|---|---|---|---|
| Cash generated from operations | 19 | 479 | 455 |
| Interest paid | (334) | (392) | |
| Interest received | 11 | 13 | |
| UK corporation tax paid | (10) | ||
| Foreign tax paid | (2) | (3) | |
| Distributions received - funds and joint ventures | 32 | 25 | |
| - other investments | 18 | 16 | |
| Net cash inflow from operating activities | 204 | 104 | |
| Cash flows from investing activities | |||
| Purchase of investment properties and development expenditure | (655) | (402) | |
| Sale of investment properties | 711 | 1,889 | |
| Foreign tax paid on property sales | (8) | ||
| Purchase of investments | (8) | (3) | |
| Sale of investments | 10 | ||
| Investment in and loans to funds and joint ventures | (203) | (21) | |
| Capital distributions received from funds, joint ventures and other investments | 113 | 277 | |
| Sale of shares and loans repaid by funds and joint ventures | 6 | 69 | |
| Purchase of subsidiary companies (net of cash acquired)* | (13) | (815) | |
| Net cash (outflow) inflow from investing activities | (39) | 986 | |
| Cash flows from financing activities | |||
| Issue of ordinary shares | 10 | 4 | |
| Purchase of ESOP shares | (16) | (10) | |
| Dividends paid | (91) | (84) | |
| Issue of Meadowhall Finance PLC securitised debt | 840 | ||
| Redemption of MSC (Funding) PLC securitised debt | (897) | ||
| Issue of British Land debentures | 263 | ||
| Amounts paid on exchange of British Land debentures | (240) | ||
| Redemption of British Land debentures | (20) | ||
| Issue of BL Superstores Finance PLC securitised debt | 753 | ||
| Redemption of BLSSP (Funding) PLC securitised debt | (705) | ||
| Repayment of debt acquired with subsidiary companies | (305) | (398) | |
| Increase (decrease) in bank and other borrowings | 354 | (669) | |
| Net cash outflow from financing activities | (102) | (1,109) | |
| Net increase (decrease) in cash and cash equivalents | 63 | (19) | |
| Cash and cash equivalents at 1 April 2006 | 128 | 147 | |
| Cash and cash equivalents at 31 March 2007 | 191 | 128 | |
| Cash and cash equivalents consists of: | |||
| Cash and short-term deposits | 198 | 133 | |
| Overdrafts | (7) | (5) | |
| 191 | 128 |
Back to top
