Aviva 2009 Annual Report Download - page 279

277
Performance review
Aviva plc Financial statements of the Company continued
Corporate responsibility
Annual Report and Accounts 2009
Governance
Shareholder information
Financial statements IFRS
Financial statements MCEV
Other information
Statement of cash flows
For the year ended 31 December 2009
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.
2009 2008
£m £m
Cash flows from financing activities
Funding provided by subsidiaries 477 401
New borrowings drawdown, net of expenses 2,490 3,905
Repayment of borrowings (2,541) (3,463)
Net drawdown of borrowings (51) 442
Preference dividends paid (17) (17)
Ordinary dividends paid (476) (732)
Interest paid on borrowings (7) (30)
Net cash from financing activities (74) 64
Net (decrease)/increase in cash and cash equivalents (74) 64
Cash and cash equivalents at 1 January 78 14
Cash and cash equivalents at 31 December 4 78
Where applicable, the accounting policies of the Company are the same as those of the Group on pages 130 to 142. The notes identified
alphabetically on pages 278 to 282 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 alphabetically) on pages 151 to 274.
Financial statements IFRS