for the half year ended 30 June 2010
| Notes | Half year
ended
30 Jun 2010
£m | Half year
ended
30 Jun 2009
Restated
£m | Year
ended
31 Dec 2009
£m |
|---|
| Cash flows from operating activities |
|
|
|
|
|---|
| Cash generated/(absorbed) by operations |
13 |
704 |
– |
(357) |
|---|
| Taxation paid |
|
4 |
– |
37 |
|---|
Net cash flows from operating activities
|
|
708
|
–
|
(320)
|
|---|
|
|
|
|
|
|---|
| Cash flows from investing activities |
|
|
|
|
|---|
| On acquisition of the Pearl businesses |
|
– |
– |
6,146 |
|---|
| Purchase of property, plant and equipment |
|
(1) |
– |
– |
|---|
| Interest received |
|
– |
1 |
2 |
|---|
| Net change in cash invested in trust account |
|
– |
1 |
591 |
|---|
| Net cash flows from investing activities |
|
(1) |
2 |
6,739 |
|---|
|
|
|
|
|
|---|
| Cash flows from financing activities |
|
|
|
|
|---|
| Repayment on redemption of shares |
|
– |
– |
(41) |
|---|
| Repurchase of shares in subsidiaries from non-controlling interests |
8 |
– |
– |
(3) |
|---|
| Proceeds from issuing shares in subsidiaries to non-controlling interests |
8 |
97 |
– |
– |
|---|
| Interest paid on borrowings |
|
(119) |
– |
(221) |
|---|
| Proceeds of new borrowings |
|
– |
– |
42 |
|---|
| Ordinary share dividends paid |
7 |
(20) |
– |
– |
|---|
| Coupon on perpetual reset capital securities paid |
|
(31) |
– |
– |
|---|
| Dividends paid to non-controlling interests |
8 |
(7) |
– |
(8) |
|---|
| Repayment of borrowings |
|
(26) |
– |
(110) |
|---|
| Partial buy back of non-controlling interests |
8 |
(4) |
– |
– |
|---|
Net cash flows from financing activities
|
|
(110)
|
–
|
(341)
|
|---|
| Net increase in cash and cash equivalents |
|
597 |
2 |
6,078 |
|---|
|
|
|
|
|
|---|
| Cash and cash equivalents at the beginning of the period |
|
6,081 |
2 |
2 |
|---|
| Effect of exchange rate changes on cash and cash equivalents |
|
– |
– |
1 |
|---|
| Cash and cash equivalents at the end of the period |
|
6,678 |
4 |
6,081 |
|---|
The condensed statement of consolidated cash flows for the year ended 31 December 2009 incorporates the cash flows of the acquired Pearl businesses for the four-month post-acquisition period only.
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