Aviva 2005 Annual Report Download - page 177
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48 – Cash flow statement continued
(b) Cash flows in respect of the acquisition of subsidiaries, joint ventures and associates
2005 2004
£m £m
Cash consideration for subsidiaries, joint ventures and associates acquired 1,438 540
Less: Cash and cash equivalents acquired with subsidiaries (55) –
Cash flows on acquisitions 1,383 540
(c) Cash flows in respect of the disposal of subsidiaries, joint ventures and associates
2005 2004
£m £m
Cash proceeds from disposal of subsidiaries, joint ventures and associates 448 327
Net cash and cash equivalents divested with subsidiaries –(19)
Cash flows on disposals 448 308
(d) Cash and cash equivalents in the Cash flow statement at 31 December comprised:
2005 2004
£m £m
Cash at bank and in hand 3,530 1,631
Cash equivalents 10,227 11,148
13,757 12,779
Bank overdrafts (690) (653)
13,067 12,126
Of the total cash and cash equivalents shown above, £25 million has been classified as held for sale (see note 3c).
Financial statements
Aviva plc 2005
175