Download the Summary Statement of cash flows
| Year ended 31 December |
|---|
| £m | 2009 | 2008
(restated) |
|---|
| Profit for the year |
1,143 |
930 |
|---|
| Depreciation and amortisation |
378 |
298 |
|---|
| Non-cash items and other movements(i) |
(342) |
(173) |
|---|
| Dividends from joint ventures and associates |
146 |
135 |
|---|
| Capital expenditure - maintenance |
(148) |
(108) |
|---|
| Sale of property, plant and equipment |
1 |
- |
|---|
| Net sale of intangible assets |
47 |
25 |
|---|
| Movement in working capital |
101 |
(109) |
|---|
| Tax and net interest paid |
(535) |
(485) |
|---|
| Free cash flow |
791 |
513 |
|---|
| Australian stamp duty - exceptional |
(6) |
(7) |
|---|
| Debt financing costs capitalised on acquisition debt |
- |
(33) |
|---|
| Capital expenditure - growth |
(115) |
(156) |
|---|
| Purchase of intangible assets - growth |
- |
(8) |
|---|
| Investments in (net of returns from) joint ventures, associates and investments |
(18) |
(58) |
|---|
| Acquisitions |
(76) |
(614) |
|---|
| Disposals |
638 |
- |
|---|
| Dividends paid |
(195) |
(166) |
|---|
| Proceeds from share issue |
3 |
10 |
|---|
| Net (payments to)/receipts from minority interests |
(110) |
28 |
|---|
| Other movements in debt |
(36) |
119 |
|---|
| Decrease/(increase) in net debt |
876 |
(372) |
|---|
| Opening net debt |
(6,318) |
(4,662) |
|---|
| Net debt on acquisition of subsidiaries |
(49) |
(2) |
|---|
| Net debt on disposal of subsidiaries |
121 |
- |
|---|
| Effect of foreign exchange thereon |
311 |
(1,282) |
|---|
| Closing net debt |
(5,059) |
(6,318) |
|---|
(i) Non-cash items and other movements include income statement charges for interest, tax, specific IAS 39 mark to market movements and the share of profit of joint ventures and associates. The comparatives have been restated to reflect the change of accounting policies relating to the embedded derivative pertaining to the 3.75% convertible US dollar bonds 2023 and retirement benefit obligations.