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Annual report suite 2012

Group – Statement of cash flows

For the year ended 31 December


Figures in million (US dollars) Notes 2012 2011
Cash flows from operating activities      
Receipts from customers   6,523 6,796
Payments to suppliers and employees   (4,340) (3,873)
Cash generated from operations 32 2,183 2,923
Dividends received from equity-accounted joint ventures   72 111
Taxation refund 31 54 98
Taxation paid 31 (507) (477)
Net cash inflow from operating activities   1,802 2,655
Cash flows from investing activities      
Capital expenditure      
– project capital   (779) (459)
– stay-in-business capital   (979) (934)
Interest capitalised and paid   (12)
Expenditure on intangible assets   (79) (16)
Proceeds from disposal of tangible assets   5 19
Other investments acquired   (97) (147)
Proceeds from disposal of investments   86 91
Investments in equity-accounted associates and joint ventures   (349) (115)
Proceeds from disposal of equity-accounted joint venture   20
Loans advanced to equity-accounted associates and joint ventures   (65) (25)
Loans repaid by equity-accounted associates and joint ventures   1
Dividends received   7
Proceeds from disposal of subsidiary 33 6 9
Cash in subsidiary acquired 33 5
Cash in subsidiary disposed 33 (31) (11)
Acquisition of subsidiary and loan 33 (335)
Increase in cash restricted for use   (3) (19)
Interest received   36 39
Loans advanced   (45)
Repayment of loans advanced   4
Net cash outflow from investing activities   (2,608) (1,564)
Cash flows from financing activities      
Proceeds from issue of share capital   2 10
Share issue expenses   (1)
Proceeds from borrowings   1,432 109
Repayment of borrowings   (217) (268)
Finance costs paid   (145) (144)
Acquisition of non-controlling interest   (215)
Revolving credit facility and bond transaction costs   (30)
Dividends paid   (236) (169)
Net cash inflow (outflow) from financing activities   591 (463)
Net (decrease) increase in cash and cash equivalents   (215) 628
Translation   (5) (102)
Cash and cash equivalents at beginning of year   1,112 586
Cash and cash equivalents at end of year 23 892 1,112