Vodafone 2011 Annual Report Download - page 85

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Vodafone Group Plc Annual Report 2011 83
Financials
for the years ended 31 March
2011 2010 2009
Note £m £m £m
Net cash flow from operating activities 26 11,995 13,064 12,213
Cash flows from investing activities
Purchase of interests in subsidiaries and joint ventures, net of cash acquired (402) (1,777) (1,389)
Purchase of intangible assets (4,290) (2,134) (1,764)
Purchase of property, plant and equipment (4,350) (4,841) (5,204)
Purchase of investments (318) (522) (133)
Disposal of interests in subsidiaries, net of cash disposed – – 4
Disposal of interests in associates – – 25
Disposal of property, plant and equipment 51 48 317
Disposal of investments 4,467 17 253
Dividends received from associates 1,424 1,436 647
Dividends received from investments 85 141 108
Interest received 1,659 195 302
Taxation on investing activities (208) – –
Net cash flow from investing activities (1,882) (7,437) (6,834)
Cash flows from financing activities
Issue of ordinary share capital and reissue of treasury shares 107 70 22
Net movement in short-term borrowings (573) 227 (25)
Proceeds from issue of long-term borrowings 4,861 4,217 6,181
Repayment of borrowings (4,064) (5,184) (2,729)
Purchase of treasury shares (2,087) – (963)
B share capital redemption – – (15)
Equity dividends paid (4,468) (4,139) (4,013)
Dividends paid to non-controlling shareholders in subsidiaries (320) (56) (162)
Contributions from non-controlling shareholders in subsidiaries – 613 –
Other transactions with non-controlling shareholders in subsidiaries (137) – 618
Interest paid (1,578) (1,601) (1,470)
Net cash flow from financing activities (8,259) (5,853) (2,556)
Net cash flow 1,854 (226) 2,823
Cash and cash equivalents at beginning of the financial year 18 4,363 4,846 1,652
Exchange (loss)/gain on cash and cash equivalents (12) (257) 371
Cash and cash equivalents at end of the financial year 18 6,205 4,363 4,846
The accompanying notes are an integral part of these consolidated financial statements.
Consolidated statement of cash ows