Aviva 2006 Annual Report Download - page 197
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Overview Business review Governance Financial statements Other information
Aviva plc
Annual Report and Accounts 2006 193
48 – Cash flow statement continued
(b) Cash flows in respect of the acquisition of subsidiaries, joint ventures and associates
2006 2005
£m £m
Cash consideration for subsidiaries, joint ventures and associates acquired 2,321 1,478
Less: Cash and cash equivalents acquired with subsidiaries (432) (55)
Cash flows on acquisitions 1,889 1,423
(c) Cash flows in respect of the disposal of subsidiaries, joint ventures and associates
2006 2005
£m£m
Cash proceeds from disposal of subsidiaries, joint ventures and associates 616 464
Net cash and cash equivalents divested with subsidiaries ––
Cash flows on disposals 616 464
(d) Cash and cash equivalents in the Cash flow statement at 31 December comprised:
2006 2005
£m £m
Cash at bank and in hand 4,087 3,530
Cash equivalents 10,455 10,227
14,542 13,757
Bank overdrafts (696) (690)
13,846 13,067
Of the total cash and cash equivalents shown above, £nil has been classified as held for sale (2005: £25 million) (see note 3d).