Statement of cash flows
– for the year ended 31 March 2010
Download Statement of cash flows XLS (22KB)
| Group | Company | |||||
| Notes | 2010 £m |
20091 £m |
2010 £m |
2009 £m |
||
| Net cash generated from operations | ||||||
| Cash generated from operations | 34 | 427.0 | 651.3 | 121.4 | (395.4) | |
| Interest paid | (243.1) | (283.6) | (11.1) | (53.9) | ||
| Interest received | 16.2 | 10.4 | 0.1 | 20.0 | ||
| Employer contributions to pension scheme | 29 | (7.3) | (4.2) | – | – | |
| Corporation tax (paid)/received | (13.5) | (6.7) | 2.6 | 9.6 | ||
| Net cash inflow/(outflow) from operations | 179.3 | 367.2 | 113.0 | (419.7) | ||
| Cash flows from investing activities | ||||||
| Investment property development expenditure | (166.4) | (208.6) | – | – | ||
| Acquisition of investment properties | (46.8) | (85.3) | – | – | ||
| Other investment property related expenditure | (50.7) | (174.1) | – | – | ||
| Acquisition of properties by Trillium | – | (0.8) | – | – | ||
| Capital expenditure by Trillium | – | (46.5) | – | – | ||
| Capital expenditure on properties | (263.9) | (515.3) | – | – | ||
| Disposal of non-current investment properties | 847.8 | 792.7 | – | – | ||
| Disposal of non-current operating properties | – | 30.3 | – | – | ||
| Net proceeds on properties | 583.9 | 307.7 | – | – | ||
| Net expenditure on non-property related non-current assets | (2.5) | (0.6) | – | – | ||
| Net cash inflow from capital expenditure | 581.4 | 307.1 | – | – | ||
| Receipts in respect of receivable finance leases | 6.9 | 11.7 | – | – | ||
| Loans advanced to third parties | 16 | (33.3) | (50.0) | – | – | |
| Investment in joint ventures | (8.2) | (21.1) | – | – | ||
| Divestment of joint ventures | 209.8 | – | – | – | ||
| Net loans to joint ventures and cash contributed | (63.9) | (117.5) | – | – | ||
| Distributions from joint ventures | 6.9 | 21.6 | – | – | ||
| Net cash received from disposal group | – | 113.5 | – | – | ||
| Cash proceeds from disposal of Trillium (net of cash divested) | 25.0 | 392.7 | – | – | ||
| Net cash received from investing activities | 724.6 | 658.0 | – | – | ||
| Cash flows from financing activities | ||||||
| Proceeds from Rights issue | – | 755.7 | – | 755.7 | ||
| Cash received on issue of shares arising from exercise of share options | – | 2.0 | – | 2.0 | ||
| Proceeds from new loans (net of finance fess) | 351.6 | 1,732.6 | – | – | ||
| Repayment of loans | 26 | (2,306.2) | (1,612.0) | – | – | |
| Termination of interest-rate swaps | (104.9) | – | – | – | ||
| Increase in monies held in restricted accounts and deposits | 21 | (65.7) | (29.9) | – | – | |
| Decrease in finance leases payable | (9.1) | (9.4) | – | – | ||
| Dividends paid to ordinary shareholders | 9 | (217.9) | (302.4) | (217.9) | (302.4) | |
| Distributions paid to minority interests | (1.1) | – | – | – | ||
| Net cash (outflow)/inflow from financing activities | (2,353.3) | 536.6 | (217.9) | 455.3 | ||
| (Decrease)/increase in cash and cash equivalents for the year | (1,449.4) | 1,561.8 | (104.9) | 35.6 | ||
| Cash and cash equivalents at the beginning of the year | 1,608.8 | 47.0 | 105.1 | 69.5 | ||
| Cash and cash equivalents at the end of the year1 | 159.4 | 1,608.8 | 0.2 | 105.1 | ||
- The Group cash flow statement for the comparative period includes the following from Trillium discontinued operations for 1 April 2008 to the date of disposal: net cash inflow from operations, £138.7m inflow, net cash received from investing activities, £106.9m inflow, and net cash received from financing activities, £24.4m outflow.
| Group | Company | |||||
| Notes | 2010 £m |
2009 £m |
2010 £m |
2009 £m |
||
| Cash and cash equivalents per balance sheet | 22 | 159.4 | 1,609.1 | 0.2 | 105.1 | |
| Overdrafts | 26 | – | (0.3) | – | – | |
| Cash and cash equivalents per statement of cash flows | 159.4 | 1,608.8 | 0.2 | 105.1 | ||
