| |
Note |
Year ended
2 January
2010
$ million |
Year ended
3 January
2009
$ million |
Year ended
29 December
2007
$ million |
| Operating activities |
|
|
|
|
| Cash generated from operations |
18 |
532.1 |
628.7 |
638.7 |
| Income taxes paid |
|
(50.3) |
(116.3) |
(110.4) |
| Income taxes received |
|
31.2 |
31.8 |
24.2 |
| Net cash inflow from operating activities |
|
513.0 |
544.2 |
552.5 |
| Investing activities |
|
|
|
|
| Purchase of property, plant and equipment |
|
(115.2) |
(183.2) |
(231.3) |
| Purchase of computer software |
|
(7.8) |
(10.6) |
(5.2) |
| Capitalisation of development costs |
|
(0.6) |
(0.6) |
(0.4) |
| Disposal of property, plant and equipment |
|
12.9 |
7.9 |
39.6 |
| Purchase of available-for-sale investments |
|
– |
(0.1) |
(0.2) |
| Sale of available-for-sale investments |
|
– |
1.6 |
0.6 |
| Investments in associates |
|
(2.7) |
(10.4) |
(3.8) |
| Purchase of interests in subsidiaries, net of cash acquired |
41 |
(26.5) |
(65.0) |
(17.0) |
| Sale of businesses and subsidiaries, net of cash disposed |
42 |
0.7 |
124.6 |
216.3 |
| Interest received |
|
3.6 |
11.2 |
12.2 |
| Dividends received from associates |
|
0.3 |
0.6 |
1.4 |
| Net cash (outflow)/inflow from investing activities |
|
(135.3) |
(124.0) |
12.2 |
| Financing activities |
|
|
|
|
| Issue of ordinary shares |
|
0.1 |
0.2 |
2.4 |
| Redemption of preference shares |
|
– |
– |
(1.2) |
| Draw-down of bank and other loans |
|
2.8 |
114.6 |
8.4 |
| Repayment of bank and other loans |
|
(164.4) |
(15.6) |
(289.9) |
| Receipts/(payments) on foreign currency derivatives |
|
39.6 |
(178.6) |
(16.3) |
| Capital element of finance lease rental payments |
|
(2.8) |
(2.8) |
(3.2) |
| Interest element of finance lease rental payments |
|
(0.4) |
(0.5) |
(1.4) |
| Decrease in collateralised cash |
|
2.1 |
0.7 |
2.4 |
| Purchase of own shares |
|
(1.4) |
(4.7) |
(6.9) |
| Interest paid |
|
(37.5) |
(55.0) |
(64.8) |
| Financing costs paid |
|
(6.3) |
– |
– |
| Equity dividend paid |
|
(48.3) |
(246.2) |
(247.3) |
| Preference dividend paid |
|
– |
– |
(2.0) |
| Investment by a minority shareholder in a subsidiary |
|
4.7 |
0.4 |
3.8 |
| Dividend paid to a minority shareholder in a subsidiary |
|
(8.7) |
(13.5) |
(14.4) |
| Net cash outflow from financing activities |
|
(220.5) |
(401.0) |
(630.4) |
| Increase/(decrease) in net cash and cash equivalents |
|
157.2 |
19.2 |
(65.7) |
| Net cash and cash equivalents at the beginning of the period |
|
278.2 |
280.2 |
326.4 |
| Foreign currency translation |
|
4.8 |
(21.2) |
19.5 |
| Net cash and cash equivalents at the end of the period |
|
440.2 |
278.2 |
280.2 |
As at 2 January 2010, the Group’s net debt was $207.5 million (3 January 2009: $476.4 million; 29 December 2007: $591.5 million).
A reconciliation of the change in net cash and cash equivalents to the movement in net debt is presented in note 18.
