Experian 2013 Annual Report Download - page 156
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Please find page 156 of the 2013 Experian annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.154 Experian Annual Report 2013 Financial statements
Notes to the Group financial statements continued
44. Notes to the Group cash flow statement (continued)
(f) Cash flows on acquisitions (non-GAAP measure)
2013
US$m
2012
US$m
Purchase of subsidiaries (note 45) 23 785
Net cash acquired with subsidiaries – (53)
Deferred consideration settled on acquisitions 15 14
Net cash outflow for acquisition of subsidiaries – as reported in the Group cash flow statement 38 746
Acquisition expenses – transaction expenses paid on behalf of vendors – 18
Acquisition expenses – other amounts paid 4 11
Payments to acquire non-controlling interests (note 44(h)) 1,507 12
Net cash outflow for acquisitions (non-GAAP measure) 1,549 787
(g) Cash outflow in respect of net share purchases (non-GAAP measure)
2013
US$m
2012
US$m
Proceeds from issue of ordinary shares (9) (11)
Other proceeds from vesting of share awards and exercise of share options (61) (54)
Purchase of own shares by employee trusts – for employee share incentive plans 250 232
Cash outflow in respect of net share purchases (non-GAAP measure) 180 167
(h) Payments to acquire non-controlling interests
2013
US$m
2012
US$m
Payment to shareholders in Serasa for purchase of additional interest 1,487 –
Expenses in connection with the purchase of additional interest in Serasa 13 –
Payments to acquire additional interest in Serasa 1,500 –
Other payments to acquire non-controlling interests 7 12
Payments to acquire non-controlling interests 1,507 12
(i) Analysis of cash and cash equivalents
2013
US$m
2012
US$m
Cash and cash equivalents in the Group balance sheet 229 254
Bank overdrafts (3) –
Cash and cash equivalents in the Group cash flow statement 226 254
(j) Reconciliation of Cash generated from operations to Operating cash flow (non-GAAP measure)
2013
US$m
2012
US$m
Cash generated from operations (note 44(a)) 1,602 1,539
Acquisition expenses paid 4 29
Purchase of property, plant and equipment (115) (84)
Purchase of other intangible assets (note 44(e)) (345) (369)
Sale of property, plant and equipment 1 3
Dividends received from associates 1 1
Cash outflow in respect of exceptional items (note 44(c)) 27 5
Operating cash flow 1,175 1,124
There were cash flows of US$115m (2012: US$84m) for the purchase of property, plant and equipment after receipts of US$nil (2012: US$11m) in
the form of landlord incentives.