For the year ended 31 December 2011
| Notes | 2011 £m |
2010 £m |
|
|---|---|---|---|
| Cash flows from operating activities | |||
| Cash inflows from operations | 29 | 208.0 | 232.5 |
| Income taxes paid | (42.1) | (47.6) | |
| Net cash inflow from operating activities | 165.9 | 184.9 | |
| Investing activities | |||
| Interest received | 6.4 | 6.4 | |
| Dividends received from associates | 0.3 | 0.1 | |
| Net cash paid on purchase of subsidiaries | (47.7) | (81.8) | |
| Net cash received on disposal of subsidiaries | 507.2 | (8.1) | |
| Net cash invested in associates and joint ventures | (11.3) | (36.0) | |
| Payments of deferred consideration on current and prior period acquisitions | (45.6) | (38.8) | |
| Purchase of property, plant and equipment and intangible assets | (48.4) | (29.4) | |
| Proceeds from disposal of property, plant and equipment and intangible assets | 2.7 | 1.3 | |
| Other investing activities | (1.8) | (2.3) | |
| Net cash inflow/(outflow) from investing activities | 361.8 | (188.6) | |
| Financing activities | |||
| Dividends paid to equity holders of the parent | (231.5) | (29.4) | |
| Dividends paid to non-controlling shareholders | (1.2) | (2.2) | |
| Net cash paid on purchase of additional stakes in existing subsidiaries | (5.2) | – | |
| Interest and other financial charges paid | (36.9) | (33.0) | |
| Proceeds from borrowings | 25.7 | 230.2 | |
| Repayments of loans | (28.0) | (159.6) | |
| Proceeds on issue of ordinary share capital | 3.0 | 7.2 | |
| Purchase of own shares | (12.7) | (16.8) | |
| Other financing activities | (3.0) | (2.2) | |
| Net cash outflows from financing activities | (289.8) | (5.8) | |
| Net increase/(decrease) in cash and cash equivalents | 29 | 237.9 | (9.5) |
| Translation differences | (12.1) | 14.7 | |
| Cash and cash equivalents at beginning of financial year | 29 | 391.4 | 386.2 |
| Cash and cash equivalents at end of financial year | 617.2 | 391.4 | |
| Represented by: | |||
| Cash and short-term deposits | 626.1 | 394.4 | |
| Bank overdrafts | 29 | (8.9) | (3.0) |
| Cash and cash equivalents at end of financial year | 617.2 | 391.4 |
Analysis of net debt /
| 1 January 2011 £m |
Cash flow £m |
Other non-cash movements £m |
Exchange movements £m |
31 December 2011 £m |
|
|---|---|---|---|---|---|
| Cash and cash equivalents | 391.4 | 237.9 | – | (12.1) | 617.2 |
| Gross debt net of issue costs | (722.7) | (0.1) | (20.2) | (2.6) | (745.6) |
| Total | (331.3) | 237.8 | (20.2) | (14.7) | (128.4) |