| |
Six months ended
30 September |
Year ended 31 March |
| |
|
2007 |
|
|
2006 |
|
|
2007 |
| |
|
US$m
|
|
|
(Represented)
(Note
2)
US$m |
|
|
US$m |
| Cash flows from operating
activities |
|
|
|
|
|
|
|
|
| Operating profit |
|
350 |
|
|
178 |
|
|
473 |
| Loss on sale of property, plant and equipment
|
|
- |
|
|
- |
|
|
10 |
| Depreciation and amortisation |
|
178 |
|
|
146 |
|
|
303 |
| Goodwill adjustment |
|
- |
|
|
- |
|
|
14 |
| Charge in respect of equity incentive plans |
|
38 |
|
|
34 |
|
|
91 |
| Change in working capital |
|
(134) |
|
|
(64) |
|
|
5 |
| Exceptional items included in working
capital |
|
(16) |
|
|
103 |
|
|
46 |
| Cash generated from operations |
|
416 |
|
|
397 |
|
|
942 |
| Interest paid |
|
(85) |
|
|
(77) |
|
|
(133) |
| Interest received |
|
32 |
|
|
9 |
|
|
27 |
| Dividends received from associates |
|
23 |
|
|
22 |
|
|
39 |
| Tax paid |
|
(37) |
|
|
(56) |
|
|
(121) |
| Net cash inflow from operating
activities |
|
349 |
|
|
295 |
|
|
754 |
| |
|
|
|
|
|
|
|
|
| Cash flows from investing activities |
|
|
|
|
|
|
|
|
| Purchase of property, plant and equipment |
|
(46) |
|
|
(44) |
|
|
(114) |
| Purchase of other intangible assets |
|
(94) |
|
|
(74) |
|
|
(161) |
| Purchase of other financial assets and investments
in associates |
|
(1) |
|
|
(8) |
|
|
(42) |
| Acquisition of subsidiaries, net of cash
acquired |
|
(1,704) |
|
|
(80) |
|
|
(118) |
| Disposal of subsidiaries (note
10) |
|
- |
|
|
258 |
|
|
258 |
| Net cash flows (used in)/generated
from investing activities |
|
(1,845) |
|
|
52 |
|
|
(177) |
| |
|
|
|
|
|
|
|
|
| Cash flows from financing activities |
|
|
|
|
|
|
|
|
| Purchase of ESOP shares |
|
(6) |
|
|
- |
|
|
(75) |
| Issue of Ordinary shares (including October
2006 IPO proceeds of US$1,441m) |
|
6 |
|
|
54 |
|
|
1,525 |
| Receipt of share option proceeds and sale
of own shares |
|
24 |
|
|
5 |
|
|
59 |
| New borrowings |
|
1,761 |
|
|
- |
|
|
- |
| Repayment of borrowings |
|
(746) |
|
|
(765) |
|
|
(1,423) |
| Capital element of finance lease rental
payments |
|
(2) |
|
|
(2) |
|
|
(4) |
| Net receipts from derivatives held to manage
currency profile |
|
83 |
|
|
21 |
|
|
39 |
| Equity dividends paid (note
12) |
|
(115) |
|
|
(346) |
|
|
(401) |
| Net cash flows generated
from/(used in) financing activities |
|
1,005 |
|
|
(1,033) |
|
|
(280) |
| |
|
|
|
|
|
|
|
|
| Exchange and other movements |
|
13 |
|
|
91 |
|
|
166 |
Net (decrease)/increase in
cash and cash equivalents -
continuing operations |
|
(478) |
|
|
(595) |
|
|
463 |
| Net increase in cash and cash equivalents
- discontinued operations |
|
- |
|
|
529 |
|
|
550 |
| Cash held by Home Retail Group at demerger |
|
- |
|
|
- |
|
|
(518) |
| |
|
- |
|
|
529 |
|
|
32 |
| Net (decrease)/increase
in cash and cash equivalents |
|
(478) |
|
|
(66) |
|
|
495 |
| Movement in cash and cash
equivalents |
|
|
|
|
|
|
|
|
| Cash and cash equivalents at 1 April |
|
634 |
|
|
139 |
|
|
139 |
| Net (decrease)/increase in cash and
cash equivalents |
|
(478) |
|
|
(66) |
|
|
495 |
| Cash and cash equivalents
at the end of the financial period |
|
156 |
|
|
73 |
|
|
634 |
