Vodafone 2008 Annual Report Download - page 92

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2008 2007 2006
Note £m £m £m
Net cash flows from operating activities 29, 30 10,474 10,328 11,841
Cash flows from investing activities
Purchase of interests in subsidiary undertakings and joint ventures, net of cash acquired (5,957) (2,805) (4,186)
Disposal of interests in subsidiary undertakings, net of cash disposed − 6,767 599
Disposal of interests in associated undertakings − 3,119 −
Purchase of intangible assets (846) (899) (690)
Purchase of property, plant and equipment (3,852) (3,633) (4,481)
Purchase of investments (96) (172) (57)
Disposal of property, plant and equipment 39 34 26
Disposal of investments 785 80 1
Dividends received from associated undertakings 873 791 835
Dividends received from investments 72 57 41
Interest received 438 526 319
Net cash flows from investing activities 29 (8,544) 3,865 (7,593)
Cash flows from financing activities
Issue of ordinary share capital and reissue of treasury shares 310 193 356
Net movement in short term borrowings (716) 953 708
Proceeds from issue of long term borrowings 1,711 5,150 5,256
Repayment of borrowings (3,847) (1,961) (1,371)
Loans repaid to associated undertakings − − (47)
Purchase of treasury shares − (43) (6,457)
B share capital redemption (7) (5,713) −
B share preference dividends paid − (3,291) −
Equity dividends paid (3,658) (3,555) (2,749)
Dividends paid to minority shareholders in subsidiary undertakings (113) (34) (51)
Interest paid (1,545) (1,051) (721)
Net cash flows from financing activities 29 (7,865) (9,352) (5,076)
Net cash flows (5,935) 4,841 (828)
Cash and cash equivalents at beginning of the financial year 18 7,458 2,932 3,726
Exchange gain/(loss) on cash and cash equivalents 129 (315) 34
Cash and cash equivalents at end of the financial year 18 1,652 7,458 2,932
The accompanying notes are an integral part of these Consolidated Financial Statements.
90 Vodafone Group Plc Annual Report 2008
Vodafone – Financials
Consolidated Cash Flow Statement
for the years ended 31 March