National Grid 2007 Annual Report Download - page 48

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National Grid Electricity Transmission plc Annual Report and Accounts 2006/07
Consolidated Cash Flow Statement
for the years ended 31 March
2007
2006
Notes
£m
£m
Cash flows from operating activities
Total operating profit
559
486
Adjustments for:
Depreciation and amortisation
3
250
264
Share-based payment charge
4
2
Changes in working capital
(25)
116
Changes in provisions
(5)
(2)
Changes in post-retirement benefit obligations
6
3
Cash flows generated from continuing operations
789
869
Cash flows generated from discontinued operations 31(a)
33
6
Cash flow from operations
822
875
Tax paid - continuing operations
(142)
(245)
Net cash inflow from operating activities
680
630
Cash flows from investing activities
Purchases of financial investments
(3)
(7)
Sales of financial investments
3
33
Purchases of intangible assets
(12)
(2)
Purchases of property, plant and equipment
(495)
(474)
Cash flows used in continuing operations' investing activities
(507)
(450)
Cash flows generated from discontinued operations - disposal proceeds
128
-
Net cash flow used in investing activities
(379)
(450)
Cash flows from financing activities
New borrowings from Group undertakings
195
-
New financial investments in Group undertakings
(377)
-
Increase in other amounts due to Group undertakings
40
116
Repayment of borrowings
(248)
(265)
New borrowings
800
324
Net movement on short term borrowings and derivatives
2
(207)
Interest received
40
31
Interest paid
(202)
(176)
Equity dividends paid to shareholders
(120)
-
Net cash generated from/(used in) financing activities
130
(177)
Net increase in cash and cash equivalents
31(b)
431
3
Net cash and cash equivalents at start of year (i)
8
5
Net cash and cash equivalents at end of year (i)
23
439
8
All cash flows relate to continuing operations unless otherwise stated.
(i) Net of bank overdrafts.
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