Vodafone 2014 Annual Report Download - page 104

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Consolidated statement of cash ows
for the years ended 31 March
2014
Restated1
2013
Restated1
2012
Note£m £m £m
Net cash ow from operating activities 196,227 8,824 10,297
Cash ows from investing activities
Purchase of interests in subsidiaries, net of cash acquired 28 (4,279) (1,432) (149)
Other investing activities in relation to purchase of subsidiaries – – 310
Purchase of interests in associates and joint ventures (11) (6) (5)
Purchase of intangible assets (2,327) (3,758) (1,876)
Purchase of property, plant and equipment (4,396) (3,958) (4,071)
Purchase of investments (214) (4,249) (417)
Disposal of interests in subsidiaries, net of cash disposed –27 784
Disposal of interests in associates and joint ventures 34,919 – 6,799
Disposal of property, plant and equipment 79 105 91
Disposal of investments 1,483 1,523 66
Dividends received from associates and joint ventures 4,897 5,539 4,916
Dividends received from investments 10 2 3
Interest received 582 461 336
Taxation on investing activities – – (206)
Net cash ow from investing activities 30,743 (5,746) 6,581
Cash ows from nancing activities
Issue of ordinary share capital and reissue of treasury shares 38 69 91
Net movement in short-term borrowings (2,887) 1,581 1,517
Proceeds from issue of long-term borrowings 1,060 5,422 1,578
Repayment of borrowing (9,788) (1,720) (3,424)
Purchase of treasury shares (1,033) (1,568) (3,583)
B and C share payments (14,291) – –
Equity dividends paid (5,076) (4,806) (6,643)
Dividends paid to non-controlling shareholders in subsidiaries (264) (379) (304)
Other transactions with non-controlling shareholders in subsidiaries (111) 15 (2,605)
Other movements in loans with associates and joint ventures –168 (792)
Interest paid (1,897) (1,525) (1,504)
Net cash ow from nancing activities (34,249) (2,743) (15,669)
Net cash ow 2,721 335 1,209
Cash and cash equivalents at beginning of the nancial year 20 7,506 7,001 6,138
Exchange (loss)/gain on cash and cash equivalents (115) 170 (346)
Cash and cash equivalents at end of the nancial year 20 10,112 7, 5067,001
During the year ended 31 March 2014 there were a number of material non-cash investing and nancing activities that arose in relation to both the
disposal of our interest in Verizon Wireless, the acquisition of the remaining 23% of Vodafone Italy and the return of value to shareholders. Full details
of these material non-cash transactions are included in note 28 to the consolidated nancial statements.
Note:
1 Restated for the adoption of IFRS 11 and amendments to IAS 19. See note 1 “Basis of preparation” for further details.
Vodafone Group Plc
Annual Report 2014102