Group cash flow statement
Download ExcelYear ended 31 December 2008
| Notes | 2008 £’000 |
2007 £’000 |
|
|---|---|---|---|
| Cash flows from operating activities | |||
| Cash generated from operations | 25 | 587,650 | 446,660 |
| Income taxes paid | (76,853) | (30,030) | |
| Net cash from operating activities | 510,797 | 416,630 | |
| Cash flows from investing activities | |||
| Acquisition of subsidiaries | – | (334,954) | |
| Disposal of subsidiaries | 26 | 207,834 | (597) |
| Disposal of oil and gas assets | 77,530 | – | |
| Purchase of intangible exploration and evaluation assets | (323,569) | (165,726) | |
| Purchase of property, plant and equipment | (136,783) | (198,355) | |
| Finance revenue | 3,372 | 3,206 | |
| Net cash used in investing activities | (171,616) | (696,426) | |
| Cash flows from financing activities | |||
| Net proceeds from issue of share capital | 8,089 | 2,661 | |
| Proceeds from issue of subsidiary share capital to minority interest | – | 1,244 | |
| Debt arrangement fees | (5,318) | (8,431) | |
| Repayment of bank loans | (372,583) | (29,474) | |
| Drawdown of bank loan | 312,929 | 379,979 | |
| Finance costs | (40,441) | (40,782) | |
| Dividends paid | 7 | (43,173) | (39,406) |
| Purchase of treasury shares | (11,235) | (3,722) | |
| Net cash (used in)/generated by financing activities | (151,732) | 262,069 | |
| Net increase/(decrease) in cash and cash equivalents | 187,449 | (17,727) | |
| Cash and cash equivalents at beginning of year | 82,224 | 99,478 | |
| Translation difference | 41,347 | 473 | |
| Cash and cash equivalents at end of year | 14 | 311,020 | 82,224 |
