Vodafone 2016 Annual Report Download - page 92
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Vodafone Group Plc
Annual Report 2016
90
Consolidated statement of cash ows
for the years ended 31 March
2016 2015 2014
Note £m £m £m
Inow from operating activities 19 10,481 9,715 6,227
Cash ows from investing activities
Purchase of interests in subsidiaries, net of cash acquired 28 (43) (3,093) (4,279)
Purchase of interests in associates and joint ventures (2) (85) (11)
Purchase of intangible assets 10 (5,018) (2,315) (2,327)
Purchase of property, plant and equipment 11 (6,836) (6,568) (4,396)
Purchase of investments 13 (77) (207) (214)
Disposal of interests in associates and joint ventures 12 –27 34,919
Disposal of property, plant and equipment 11 140 178 79
Disposal of investments 13 1,357 899 1,483
Dividends received from associates and joint ventures 67 583 4,897
Dividends received from investments – – 10
Interest received 261 254 582
(Outow)/inow from investing activities (10,151) (10,327) 30,743
Cash ows from nancing activities
Issue of ordinary share capital and reissue of treasury shares 18 13 18 38
Net movement in short-term borrowings 54,722 (2,887)
Proceeds from issue of long-term borrowings 7,504 2,432 1,060
Repayment of borrowings (2,738) (4,070) (9,788)
Purchase of treasury shares – – (1,033)
B and C share payments – – (14,291)
Issue of subordinated mandatory convertible bonds 2,754 – –
Equity dividends paid 9 (2,998) (2,927) (5,076)
Dividends paid to non-controlling shareholders in subsidiaries (223) (247) (264)
Other transactions with non-controlling shareholders in subsidiaries (48) (718) (111)
Other movements in loans with associates and joint ventures (22) (52) –
Interest paid (1,287) (1,576) (1,897)
Inow/(outow) from nancing activities 2,960 (2,418) (34,249)
Net cash inow/(outow) 3,290 (3,030) 2,721
Cash and cash equivalents at beginning of the nancial year 20 6,861 10,112 7,506
Exchange gain/(loss) on cash and cash equivalents 58 (221) (115)
Cash and cash equivalents at end of the nancial year 20 10,209 6,861 10,112
During the year ended 31 March 2014 there were a number of material non-cash investing and nancing activities that arose in relation to 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.