for the year ended 31 March 2011

Download Statement of cash flows XLS (32KB)

Group Company

Notes 2011
£m
2010
£m

2011
£m
2010
£m
Net cash generated from operations



Cash generated from operations 36 420.0 427.0
391.0 121.4
Interest paid
(218.7) (243.1)
(3.9) (11.1)
Interest received
18.0 16.2
0.1
Employer contributions to defined benefit pension scheme 30 (5.1) (7.3)
Corporation tax (paid)/received
(60.7) (13.5)
5.9 2.6
Net cash inflow from operations
153.5 179.3 393.0 113.0







Cash flows from investing activities





Investment property development expenditure
(139.7) (166.4)
Acquisition of investment properties
(371.3) (46.8)
Other investment property related expenditure
(81.9) (50.7)
Capital expenditure on properties
(592.9) (263.9)
Disposal of non-current investment properties
535.0 847.8
Net (expenditure)/proceeds on properties
(57.9) 583.9
Expenditure on non-property related non-current assets
(4.5) (2.5)
Net cash (outflow)/inflow from capital expenditure
(62.4) 581.4
Receipts in respect of receivable finance leases
1.0 6.9
Loans repaid by/(advanced to) third parties 17 16.2 (33.3)
Investment in joint ventures
(81.7) (8.2)
Divestment of joint ventures
0.3 209.8
Loans to joint ventures and cash contributed
(17.3) (232.9)
Repayment of loans to joint ventures 77.9 169.0
Distributions from joint ventures
25.6 6.9
Cash proceeds from disposal of Trillium (net of cash divested)
25.0
Investment in subsidiaries

(250.0)
Net cash (outflow)/inflow from investing activities
(40.4) 724.6
(250.0)







Cash flows from financing activities





Proceeds from new loans (net of finance fess)
427.3 351.6
Repayment of loans 27 (556.0) (2,306.2)
Termination of interest-rate swaps
(104.9)
Premium on repurchase of bonds (22.5)
Decrease/(increase) in monies held in restricted accounts and deposits 22 60.5 (65.7)
Decrease in finance leases payable
(0.4) (9.1)
Dividends paid to owners of the Parent 10 (143.0) (217.9)
(143.0) (217.9)
Distributions paid to non-controlling interests
(0.8) (1.1)
Net cash outflow from financing activities
(234.9) (2,353.3)
(143.0) (217.9)







Decrease in cash and cash equivalents for the year
(121.8) (1,449.4)
(104.9)
Cash and cash equivalents at the beginning of the year
159.4 1,608.8
0.2 105.1
Cash and cash equivalents at the end of the year 23 37.6 159.4
0.2 0.2