Vodafone 2009 Annual Report Download - page 78

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76 Vodafone Group Plc Annual Report 2009
for the years ended 31 March
2009 2008 2007
Note £m £m £m
Net cash flow from operating activities 30, 31 12,213 10,474 10,328
Cash flows from investing activities
Purchase of interests in subsidiary undertakings and joint ventures, net of cash acquired (1,389) (5,957) (2,805)
Purchase of intangible assets (1,764) (846) (899)
Purchase of property, plant and equipment (5,204) (3,852) (3,633)
Purchase of investments (133) (96) (172)
Disposal of interests in subsidiary undertakings, net of cash disposed 4 − 6,767
Disposal of interests in associated undertakings 25 − 3,119
Disposal of property, plant and equipment 317 39 34
Disposal of investments 253 785 80
Dividends received from associated undertakings 647 873 791
Dividends received from investments 108 72 57
Interest received 302 438 526
Net cash flow from investing activities 30 (6,834) (8,544) 3,865
Cash flows from financing activities
Issue of ordinary share capital and reissue of treasury shares 22 310 193
Net movement in short term borrowings (25) (716) 953
Proceeds from issue of long term borrowings 6,181 1,711 5,150
Repayment of borrowings (2,729) (3,847) (1,961)
Purchase of treasury shares (963) − (43)
B share capital redemption (15) (7) (5,713)
B share preference dividends paid − − (3,291)
Equity dividends paid (4,013) (3,658) (3,555)
Dividends paid to minority shareholders in subsidiary undertakings (162) (113) (34)
Amounts received from minority shareholders 618 − −
Interest paid (1,470) (1,545) (1,051)
Net cash flow from financing activities 30 (2,556) (7,865) (9,352)
Net cash flow 2,823 (5,935) 4,841
Cash and cash equivalents at beginning of the financial year 18 1,652 7,458 2,932
Exchange gain/(loss) on cash and cash equivalents 371 129 (315)
Cash and cash equivalents at end of the financial year 18 4,846 1,652 7,458
The accompanying notes are an integral part of these consolidated financial statements.
Consolidated cash ow statement