Group Cash Flow Statement
Year ended 31st December 2007
| Notes | 2007 £'000 |
2006 £'000 | |
|---|---|---|---|
| Cash flows from operating activities | |||
| Cash generated from operations | 25 | 446,660 | 404,064 |
| Income taxes paid | (30,030) | (61,868) | |
| Net cash from operating activities | 416,630 | 342,196 | |
Cash flows from investing activities |
|||
| Acquisition of subsidiaries | (334,954) | 21,336 | |
| Disposal of subsidiaries | (597) | – | |
| Purchase of intangible exploration and evaluation assets | (165,726) | (67,976) | |
| Purchase of property, plant and equipment | (198,355) | (243,087) | |
| Finance revenue | 3,206 | 3,030 | |
| Net cash used in investing activities | (696,426) | (286,697) | |
Cash flows from financing activities |
|||
| Net proceeds from issue of share capital | 2,661 | 3,502 | |
| Proceeds from issue of subsidiary share capital to minority interest | 1,244 | – | |
| Debt arrangement fees | (8,431) | (1,175) | |
| Repayment of bank loans | (29,474) | (27,914) | |
| Drawdown of bank loan | 379,979 | 59,996 | |
| Finance costs | (40,782) | (16,997) | |
| Dividends paid | 7 | (39,406) | (32,492) |
| Purchase of treasury shares | (3,722) | (3,977) | |
| Net cash generated by/(used) in financing activities | 262,069 | (19,057) | |
Net (decrease)/increase in cash and cash equivalents |
(17,727) | 36,442 | |
| Cash and cash equivalents at beginning of year | 99,478 | 65,386 | |
| Translation difference | 473 | (2,350) | |
| Cash and cash equivalents at end of year | 14 | 82,224 | 99,478 |
View the Accounting Policies and Notes to the Financial Statements
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