Aviva 2007 Annual Report Download - page 242
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Aviva plc
Annual Report and
Accounts 2007
238
Financial
statements
All the Company’s operating and investing cash requirements are met by subsidiary companies and settled through
intercompany loan accounts. As the direct method of presentation has been adopted for these activities, no further
disclosure is required. In respect of financing activities, the following items pass through the Company’s own
bank accounts.
2007 2006
£m £m
Cash flows from financing activities
Funding provided by subsidiaries 399 299
New borrowings drawn down, net of expenses 4,780 3,956
Repayment of borrowings (4,606) (3,722)
Net drawdown of borrowings 174 234
Preference dividends paid (17) (17)
Ordinary dividends paid (500) (490)
Interest paid on borrowings (47) (23)
Net cash from financing activities 93
Net increase in cash and cash equivalents 9 3
Cash and cash equivalents at 1 January 52
Cash and cash equivalents at 31 December 14 5
Financial statements of the Company continued
Cash flow statement
For the year ended 31 December 2007
Where applicable, the accounting policies of the Company are the same as those of the Group on pages 114 to 125. The notes (identified alphabetically) on pages 239
to 243 are an integral part of these separate financial statements. Where the same items appear in the Group financial statements, reference is made to the notes
(identified numerically) on pages 132 to 235.