Vodafone 2013 Annual Report Download - page 98

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Consolidated statement of cash ows
for the years ended 31 March
2013 20122011
Note£m £m £m
Net cash ow from operating activities 22 10,694 12,75511,995
Cash ows from investing activities
Purchase of interests in subsidiaries and joint ventures, net of cash acquired (1,432) (149) (46)
Other investing activities in relation to purchase of subsidiaries – 310(356)
Purchase of interests in associates (6) (5) –
Purchase of intangible assets (4,036) (3,090) (4,290)
Purchase of property, plant and equipment (4,666) (4,762) (4,350)
Purchase of investments (4,249) (417) (318)
Disposal of interests in subsidiaries and joint ventures, net of cash disposed 27 832–
Disposal of interests in associates – 6,799–
Disposal of property, plant and equipment 153 11751
Disposal of investments 1,523 66 4,467
Dividends received from associates 4,827 4,0231,424
Dividends received from investments 2 3 85
Interest received 459 3221,659
Taxation on investing activities – (206) (208)
Net cash ow from investing activities (7,398) 3,843 (1,882)
Cash ows from nancing activities
Issue of ordinary share capital and reissue of treasury shares 52 71 107
Net movement in short-term borrowings 1,672 1,206(573)
Proceeds from issue of long-term borrowings 5,422 1,6424,861
Repayment of borrowings (1,720) (3,520) (4,064)
Purchase of treasury shares (1,568) (3,583) (2,087)
Equity dividends paid (4,806) (6,643) (4,468)
Dividends paid to non-controlling shareholders in subsidiaries (379) (304) (320)
Other transactions with non-controlling shareholders in subsidiaries 15 (2,605) (137)
Interest paid (1,644) (1,633) (1,578)
Net cash ow from nancing activities (2,956) (15,369) (8,259)
Net cash ow 340 1,229 1,854
Cash and cash equivalents at beginning of the nancial year 23 7,088 6,2054,363
Exchange (gain)/loss on cash and cash equivalents 170 (346) (12)
Cash and cash equivalents at end of the nancial year 23 7,598 7,0886,205
The accompanying notes are an integral part of these consolidated nancial statements.
96 Vodafone Group Plc
Annual Report 2013