Vodafone 2006 Annual Report Download - page 117

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Vodafone Group Plc Annual Report 2006 115
Financials
Cash flows from discontinued operations 2006 2005
£m £m
Net cash flows from operating activities 1,651 1,739
Net cash flows from investing activities (939) (448)
Net cash flows from financing activities (536) (1,289)
Net increase in cash and cash equivalents 176 2
Cash and cash equivalents at the beginning of the financial year 43
Exchange loss on cash and cash equivalents (19) (1)
Cash and cash equivalents at the end of the financial year 161 4
Sweden – Europolitan Vodafone AB
On 5 January 2006, the Group completed the disposal of its 100% interest in Europolitan Vodafone AB to Telenor Mobile Holding AS. The assets and liabilities of Europolitan Vodafone
AB at the date of disposal, and the cash effects of the transaction, were as follows:
£m
Intangible assets 171
Property, plant and equipment 581
Inventory 10
Trade and other receivables 155
Cash and cash equivalents (5)
Deferred tax liabilities (77)
Short and long term borrowings (20)
Trade and other payables (157)
Net assets disposed of 658
Total cash consideration 653
Other effects(1) 8
Net gain on disposal 3
Net cash inflow arising on disposal:
Cash consideration 653
Cash and cash equivalents disposed of 5
658
Note:
(1) Other effects include the recycling of currency translation on disposal and professional fees related to the disposal.