Experian 2008 Annual Report Download - page 71

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69Experian Annual Report 2008
Introduction
2 – 5
Business review
6 – 37
Governance
38 – 64
Financial statements
Group financial statements
Financial statements
Group financial statements
Group cash flow statement
for the year ended 31 March 2008
2008 2007
Notes US$m US$m
Cash generated from operations 33(a) 1,165 942
Interest paid 33(b) (169) (133)
Interest received 37 27
Dividends received from associates 36 39
Tax paid (91) (121)
Net cash inflow from operating activities 978 754
Cash flows from investing activities
Purchase of property, plant and equipment (105) (114)
Purchase of other intangible assets (239) (161)
Purchase of available for sale financial assets and investments in associates (9) (42)
Acquisition of subsidiaries, net of cash acquired 33(c) (1,720) (118)
Disposal of subsidiaries 33(d) 6 258
Net cash flows used in investing activities (2,067) (177)
Cash flows from financing activities
Purchase of own shares by employee trusts (6) (75)
Issue of ordinary shares 7 1,525
Receipt of share option proceeds and sale of own shares 34 59
New borrowings 33(e) 1,438 –
Repayment of borrowings 33(e) (746) (1,423)
Capital element of finance lease rental payments (5) (4)
Net receipts from derivative financial instruments held to manage currency profile 54 39
Dividends paid (193) (401)
Net cash flows generated from/(used in) financing activities 583 (280)
Exchange and other movements 19 166
Net (decrease)/increase in cash and cash equivalents – continuing operations (487) 463
Net increase in cash equivalents – discontinued operations:
Net increase in cash and cash equivalents – 550
Cash held by Home Retail Group at demerger – (518)
– 32
Net (decrease)/increase in cash and cash equivalents (487) 495
Movement in cash and cash equivalents
Cash and cash equivalents at 1 April 634 139
Net (decrease)/increase in cash and cash equivalents (487) 495
Cash and cash equivalents at the end of the financial year 33(f) 147 634
Non-GAAP measures 2008 2007
Reconciliation of net (decrease)/increase in cash and cash equivalents to movement in net debt US$m US$m
Net debt at 1 April (1,408) (3,437)
Net (decrease)/increase in cash and cash equivalents (487) 495
(Increase)/decrease in debt (707) 1,427
Debt held by Home Retail Group at demerger – 435
Exchange and other movements (including movements in respect of debt) (97) (328)
Net debt at the end of the financial year (note 25) (2,699) (1,408)