Vodafone 2010 Annual Report Download - page 79

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Financials
Vodafone Group Plc Annual Report 2010 77
for the years ended 31 March
2010 2009 2008
Note £m £m £m
Net cash flow from operating activities 27 13,064 12,213 10,474
Cash flows from investing activities
Purchase of interests in subsidiaries and joint ventures, net of cash acquired (1,777) (1,389) (5,957)
Purchase of intangible assets (2,134) (1,764) (846)
Purchase of property, plant and equipment (4,841) (5,204) (3,852)
Purchase of investments (522) (133) (96)
Disposal of interests in subsidiaries, net of cash disposed – 4 –
Disposal of interests in associates – 25 –
Disposal of property, plant and equipment 48 317 39
Disposal of investments 17 253 785
Dividends received from associates 1,436 647 873
Dividends received from investments 141 108 72
Interest received 195 302 438
Net cash flow from investing activities (7,437) (6,834) (8,544)
Cash flows from financing activities
Issue of ordinary share capital and reissue of treasury shares 70 22 310
Net movement in short-term borrowings 227 (25) (716)
Proceeds from issue of long-term borrowings 4,217 6,181 1,711
Repayment of borrowings (5,184) (2,729) (3,847)
Purchase of treasury shares – (963) –
B share capital redemption – (15) (7)
Equity dividends paid (4,139) (4,013) (3,658)
Dividends paid to non-controlling shareholders in subsidiaries (56) (162) (113)
Amounts received from non-controlling shareholders 613 618 –
Interest paid (1,601) (1,470) (1,545)
Net cash flow from financing activities (5,853) (2,556) (7,865)
Net cash flow (226) 2,823 (5,935)
Cash and cash equivalents at beginning of the financial year 18 4,846 1,652 7,458
Exchange (loss)/gain on cash and cash equivalents (257) 371 129
Cash and cash equivalents at end of the financial year 18 4,363 4,846 1,652
The accompanying notes are an integral part of these consolidated financial statements.
Consolidated statement of cash ows