|
Consolidated Cash Flow Statement |
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for the year ended 31 March
| |
Notes |
2005
€ m |
2004
€ m |
| Cash generated from operations |
26 |
481 |
561 |
| Interest income and similar items |
|
20 |
5 |
| Interest paid and similar items |
|
(20) |
(32) |
| Other investment income |
|
37 |
14 |
| Dividends from associated undertaking |
|
235 |
239 |
| Taxation paid |
|
(79) |
(68) |
| Net cash inflow from operating activities |
|
674 |
719 |
| Investing activities |
| Acquisition of property, plant and equipment |
|
(160) |
(124) |
| Proceeds from disposal of property, plant and equipment |
|
41 |
14 |
| Acquisition of intangible assets |
|
(8) |
(10) |
| Proceeds from disposal of intangible assets |
|
- |
2 |
| Acquisition of subsidiary undertakings and minority interests, net of cash acquired |
27 |
(1) |
(7) |
| Proceeds from disposal of preference shares of associated undertaking |
16 |
828 |
- |
| Proceeds from the partial indirect disposal of effective interest in BAT |
13 |
179 |
- |
| Proceeds from sale of assets held for resale |
|
- |
55 |
| Acquisition of other long-term assets |
|
(23) |
(36) |
| Proceeds from disposal of other long-term assets |
|
19 |
18 |
| Net cash generated from/(used in) investing activities |
|
875 |
(88) |
| Net cash inflow before financing activities |
|
1 549 |
631 |
| Financing activities |
| Proceeds from long-term borrowings |
|
- |
303 |
| Repayments of long-term borrowings |
|
(253) |
(317) |
| Dividend paid on Richemont SA participation reserve |
|
(219) |
(176) |
| Buy-back of treasury units and call option premium |
|
(25) |
(123) |
| Proceeds from sale of treasury units |
|
69 |
25 |
| Other |
|
(4) |
1 |
| Net cash used in financing activities |
|
(432) |
(287) |
| Net cash inflow after financing activities |
|
1 117 |
344 |
| Effects of exchange rate movements |
|
30 |
29 |
| Net increase in cash and cash equivalents |
|
1 147 |
373 |
| Cash and cash equivalents at beginning of year |
|
(371) |
(744) |
| Cash and cash equivalents at end of year |
28 |
776 |
(371) |
|
