Vodafone 2009 Annual Report Download - page 115

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Financials
Vodafone Group Plc Annual Report 2009 113
Assets and liabilities of discontinued operations
Restated
27 April
2006
£m
Intangible assets 3,943
Property, plant and equipment 4,562
Other investments 29
Cash and cash equivalents 124
Inventory 148
Trade and other receivables 1,147
Deferred tax asset 636
Total assets 10,589
Short and long term borrowings (674)
Trade and other payables(1) (2,342)
Deferred tax liabilities (245)
Other liabilities (40)
Total liabilities (3,301)
Net assets 7,288
Minority interest (87)
Net assets disposed 7,201
Total consideration (7,245)
Foreign exchange recycled to the income statement on disposal 719
Other (3)
Net loss on disposal 672
£m
Net cash inflow arising on disposal:
Cash consideration 6,141
Cash to settle intercompany debt 793
Cash and cash equivalents disposed (124)
6,810
Other (12)
6,798
Note:
(1) Includes £793 million of intercompany debt.
31. Reconciliation of net cash ows from operating activities
Restated
2009 2008 2007
£m £m £m
Profit/(loss) for the financial year from continuing operations 3,080 6,756 (4,806)
Loss for the financial year from discontinued operations – – (416)
Adjustments for(1):
Share-based payments 128 107 93
Depreciation and amortisation 6,814 5,909 5,111
Loss on disposal of property, plant and equipment 10 70 44
Share of result in associated undertakings (4,091) (2,876) (2,728)
Impairment losses 5,900 – 11,600
Other income and expense – 28 (502)
Non-operating income and expense 44 (254) (4)
Investment income (795) (714) (789)
Financing costs 2,419 2,014 1,604
Income tax expense 1,109 2,245 2,293
Loss on disposal of discontinued operations – – 672
Decrease/(increase) in inventory 81 (78) (23)
Decrease/(increase) in trade and other receivables 80 (378) (753)
(Decrease)/increase in trade and other payables (145) 460 1,175
Cash generated by operations 14,634 13,289 12,571
Tax paid (2,421) (2,815) (2,243)
Net cash flows from operating activities 12,213 10,474 10,328
Note:
(1) Adjustments include amounts relating to continuing and discontinued operations.