EasyJet 2008 Annual Report Download - page 48

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Year ended Year ended
30 September 30 September
2008 2007
Notes £million £million
Cash flows from operating activities
Cash generated from operations 21 292.3 260.8
Interest received 50.5 48.9
Interest paid (32.4) (36.9)
Tax paid (14.2) (2.0)
Net cash generated from operating activities 296.2 270.8
Cash flows from investing activities
Acquisition of subsidiary, net of cash and cash equivalents acquired 22 (118.0) –
Purchase of property, plant and equipment (324.0) (273.9)
Proceeds from sale of assets held for sale 30.0 –
Proceeds from sale of property, plant and equipment 0.5 3.3
Purchase of other intangible assets (6.4) (1.6)
Proceeds from sale of investment in associate 0.3 –
Dividend received from associate –0.1
Net cash used by investing activities (417.6) (272.1)
Cash flows from financing activities
Net proceeds from issue of ordinary share capital 6.9 16.5
Purchase of own shares for employee share schemes (4.6) (4.6)
Net proceeds from drawdown of bank loans 40.2 103.2
Repayment of bank loans (43.0) (31.7)
Repayment of capital elements of finance leases (2.7) (2.4)
Increase in money market deposits (8.7) (197.3)
Decrease/(increase) in restricted cash 17.8 (12.6)
Net cash generated from/(used by) financing activities 5.9 (128.9)
Effect of exchange rate changes 28.6 (11.4)
Net decrease in cash and cash equivalents (86.9) (141.6)
Cash and cash equivalents at beginning of year 719.1 860.7
Cash and cash equivalents at end of year 632.2 719.1
easyJet plc
Annual report and accounts 2008
Consolidated cash
flow statement
46