– 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
  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

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