Consolidated Cash Flow Statement
For the year ended 31 December 2005
| US$m | Notes | 2005 | 2004* |
|---|---|---|---|
| Profit before taxation (continuing operations) | 2,462 | 1,441.1 | |
| Adjustments for: | |||
| Profit before tax from discontinued operations | 9 | 3.7 | -1.6 |
| Finance income | 11 | -124.2 | -119.7 |
| Finance cost | 11 | 171.5 | 177.7 |
| Share of results from associates | 21 | -23.4 | - |
| Profit on sale of investments | 11 | - | -10.2 |
| Profit on sale of discontinued operations | 11 | -3.7 | |
| Net profit on disposal of property, plant and equipment | 11 | -15.9 | -4.2 |
| Impairment of assets | 11 | 5.1 | 6.8 |
| Depreciation | 11 | 571.8 | 555.9 |
| Amortisation | 11 | 6.7 | 6.5 |
| Share-based compensation plans | 31.4 | 14.8 | |
| Increase in trade and other receivables | -333.8 | -258.0 | |
| Increase in other assets | -80.3 | -24.6 | |
| Increase in inventories | -125.4 | -36.6 | |
| Increase in trade and other payables | 236.2 | 64.8 | |
| Increase/(decrease) in provisions | 8.6 | -16.6 | |
| Other non-cash movements | -10.3 | -11.2 | |
| Cash generated from operations | 2,779.9 | 1,784.9 | |
| Income tax paid | -380.2 | -57.6 | |
| Interest paid | -115.8 | -101.5 | |
| Interest received | 24.3 | 10.8 | |
| Dividends received - associates | 7.5 | - | |
| Dividends received - other | 9.2 | 1.6 | |
| Net cash flow from operating activities | 2,324.9 | 1,638.2 | |
| Purchase of property, plant and equipment | -858.2 | -518.4 | |
| Proceeds from sale of property, plant and equipment | 10.8 | 15.2 | |
| Purchase of intangible assets | -8.7 | -2.8 | |
| Purchase of available-for-sale financial assets | -1,472.0 | - | |
| Purchase of investments | - | -3.3 | |
| Payments to joint venture partner | -7.3 | - | |
| Proceeds from sale of investments | - | 12.1 | |
| Repayments from joint venture partner | 7.3 | - | |
| Acquisition of subsidiaries, net of cash acquired | 8 | -60.3 | - |
| Disposal of subsidiaries, net of cash disposed | 9 | 25.2 | 73.4 |
| Net cash flow used in investing activities | -2,363.2 | -423.8 | |
| Purchase of own shares | 28 | -521.6 | -51.3 |
| Disposal of own shares | 28 | 24.9 | 0.4 |
| Proceeds from interest bearing loans and borrowings | 1,295.0 | 960.0 | |
| Interest bearing loans and borrowings issue costs | -17.3 | -4.6 | |
| Repayment of interest bearing loans and borrowings | -348.6 | -1,648.8 | |
| Payment of finance lease liabilities | -8.0 | -6.9 | |
| Dividends paid to equity holders of the parent | 14, 28 | -154.2 | -133.8 |
| Dividends paid to minority interests | 28 | -148.2 | -43.1 |
| Redemption of minority interests | 28 | - | -81.0 |
| Net cash flow from/(used in) financing activities | 122.0 | -1,009.1 | |
| Net increase/(decrease) in cash and cash equivalents | 83.7 | 205.3 | |
| Net foreign exchange difference | -13.5 | 6.6 | |
| Cash and cash equivalents at 1 January | 451.2 | 239.3 | |
| Cash and cash equivalents at 31 December | 27 | 521.4 | 451.2 |
| *As restated for the effect of the transition to IFRS with the exception of IAS 32 and IAS 39 whereby financial instruments and hedges have continued to be accounted for under UK GAAP prior to 1 January 2005 (refer to notes 5, 6 and 7). | |||