Unilever 2008 Annual Report Download - page 86

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Financial statements Unilever Group
Unilever Annual Report and Accounts 2008 83
Financial statements
Consolidated cash flow statement
for the year ended 31 December
€ million € million € million
2008 2007 2006
Cash flow from operating activities 28 5 326 5 188 5 574
Income tax paid (1 455) (1 312) (1 063)
Net cash flow from operating activities 3 871 3 876 4 511
Interest received 105 146 125
Purchase of intangible assets (147) (136) (113)
Purchase of property, plant and equipment (1 142) (1 046) (1 013)
Disposal of property, plant and equipment 190 163 192
Sale and leaseback transactions resulting in operating leases –36 –
Acquisition of group companies, joint ventures and associates (211) (214) (96)
Disposal of group companies, joint ventures and associates 2 476 164 1 873
Acquisition of other non-current investments (126) (50) (90)
Disposal of other non-current investments 47 33 61
Dividends from joint ventures, associates and other non-current investments 132 188 120
(Purchase)/sale of financial assets 91 93 96
Net cash flow from/(used in) investing activities 1 415 (623) 1 155
Dividends paid on ordinary share capital (2 086) (2 182) (2 602)
Interest and preference dividends paid (487) (552) (605)
Additional financial liabilities 4 544 4 283 2 154
Repayment of financial liabilities (3 427) (2 896) (5 364)
Sale and leaseback transactions resulting in finance leases (1) 25 2
Capital element of finance lease rental payments (66) (74) (73)
Share buy-back programme (1 503) (1 500) –
Other movements on treasury stock 103 442 98
Other financing activities (207) (555) (182)
Net cash flow from/(used in) financing activities (3 130) (3 009) (6 572)
Net increase/(decrease) in cash and cash equivalents 2 156 244 (906)
Cash and cash equivalents at the beginning of the year 901 710 1 265
Effect of foreign exchange rate changes (697) (53) 351
Cash and cash equivalents at the end of the year 15 2 360 901 710
The cash flow statement has been prepared in accordance with IAS 7. The cash flows of pension funds (other than contributions and other
direct payments made by the Group in respect of pensions and similar obligations) are not included in the consolidated cash flow statement.
Cash flows relating to discontinued operations included above are set out in note 27 on page 130.