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Consolidated cash flow statement - GBP (£)
£ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities      
Net cash generated from operations £ 570 £ 450 £ 480
Interest paid (67) (63) (81)
Tax (paid)/received (177) 2 (30)
Net cash generated from operating activities 326 389 369
Cash flows from investing activities      
Acquisition of subsidiaries, net of cash acquired (55) (6) (45)
Acquisition of associates (10)    
Additional capital invested in associates     (40)
Purchase of investments (4) (6) (12)
Purchase of property, plant and equipment (64) (53) (55)
Purchase of intangible assets (112) (81) (138)
Disposal of subsidiaries, net of cash disposed 83 100 (101)
Proceeds from sale of joint ventures and associates   531  
Proceeds from sale of investments 48   5
Proceeds from sale of property, plant and equipment 0 0 1
Lease receivables repaid including disposals 21 41 26
Loans repaid by/(advanced to) related parties   48 (49)
Interest received 13 13 17
Investment income     2
Dividends from joint ventures and associates   4 64
Net cash (used in)/generated from investing activities (80) 591 (325)
Cash flows from financing activities      
Proceeds from issue of ordinary shares 6 6 7
Buyback of equity   (176)  
Purchase of treasury shares (16) (6) (52)
Proceeds from borrowings   346 230
Repayment of borrowings (167) (230) (48)
Repayment of lease liabilities (88) (92) (91)
Dividends paid to company's shareholders (149) (146) (147)
Dividends paid to non-controlling interest   (1) (1)
Net cash used in financing activities (414) (299) (102)
Effects of exchange rate changes on cash and cash equivalents (8) (2) (33)
Net (decrease)/increase in cash and cash equivalents (176) 679 (91)
Cash and cash equivalents at beginning of year 1,113 434 525
Cash and cash equivalents at end of year £ 937 £ 1,113 £ 434