Aviva 2013 Annual Report Download - page 218

Aviva plc
Annual report and accounts 2013
216
Notes to the consolidated financial statements continued
56 – Statement of cash flows continued
(b) Cash flows in respect of, and additions to, the acquisition of subsidiaries, joint ventures and associates comprised:
2013
£m
2012
£m
Cash consideration for subsidiaries,
j
oint ventures and associates acquired and additions 1 136
Less: Cash and cash equivalents acquired with subsidiaries (1) (7)
Cash flows on acquisitions and additions
–
continuing operations — 129
Cash flows on acquisitions and additions
–
discontinued operations — —
Total cash flow on acquisitions and additions — 129
(c) Cash flows in respect of the disposal of subsidiaries, joint ventures and associates comprised:
2013
£m
2012
£m
Cash proceeds from disposal of subsidiaries,
j
oint ventures and associates 817 442
Less: Net cash and cash equivalents divested with subsidiaries (440) (21)
Cash flows on disposals
–
continuing operations 377 421
Cash flows on disposal
–
discontinued operations (1,582) —
Total cash flow on disposals (1,205) 421
The above figures form part of cash flows from investing activities.
(d) Cash and cash equivalents in the statement of cash flows at 31 December comprised:
2013
£m
Restated1
2012
£m
Cash at bank and in hand 12,314 12,898
Cash equivalents 13,036 11,121
25,350 24,019
Bank overdrafts (493) (566)
24,857 23,453
1 Restated for the adoption of IFRS10. See note 1 for further details.
Cash and cash equivalents reconciles to the statement of financial position as follows:
2013
£m
Restated1
2012
£m
Cash and cash equivalents (excluding bank overdrafts) 25,350 24,019
Less: Assets classified as held for sale (351) (917)
24,999 23,102
1 Restated for the adoption of IFRS10. See note 1 for further details.