Condensed Consolidated Cash Flow Statement.

for the six months ended 30th September 2011

    Six months ended   Year ended
  Notes   30.09.11

£ million
  30.9.10

£ million
  31.3.11
restated
£ million
Cash flows from operating activities              
Profit before tax     195.1   144.1   259.3
Adjustments for:              
Dissolution of associate       (0.1)   (0.1)
Discontinued operations         (1.9)
Depreciation, amortisation, impairment losses and profit on sale of
non-current assets and investments
    73.6   71.4   168.8
Share-based payments     6.2   4.0   11.3
Changes in working capital and provisions     (65.8)   (148.2)   (272.2)
Changes in fair value of financial instruments     (6.2)   4.5   1.7
Net finance costs     11.7   9.7   20.7
Income tax paid     (42.5)   (37.7)   (64.7)
Net cash inflow from operating activities     172.1   47.7   122.9
Cash flows from investing activities              
Dividends received from associate       3.5   3.5
Purchases of non-current assets and investments     (54.6)   (56.9)   (137.4)
Proceeds from sale of non-current assets and investments     0.2   0.1   3.9
Purchases of businesses     1.1   (2.5)   (53.1)
Net cash outflow from investing activities     (53.3)   (55.8)   (183.1)
Cash flows from financing activities              
Net (cost of) / proceeds on ESOT transactions in own shares     (11.0)   (3.3)   (9.1)
(Repayment of) / proceeds from borrowings and finance leases     (81.9)   31.2   96.2
Dividends paid to owners of the parent company 6   (71.2)   (59.4)   (86.1)
Dividends paid to non-controlling interests       (0.5)   (0.5)
Settlement of currency swaps for net investment hedging     1.6   12.1   7.4
Interest paid     (18.0)   (16.3)   (33.1)
Interest received     6.0   6.5   13.7
Net cash outflow from financing     (174.5)   (29.7)   (11.5)
Decrease in cash and cash equivalents in period     (55.7)   (37.8)   (71.7)
Exchange differences on cash and cash equivalents       (0.5)   1.7
Cash and cash equivalents at beginning of period     94.4   164.4   164.4
Cash and cash equivalents at end of period 7   38.7   126.1   94.4
Reconciliation to net debt              
Decrease in cash and cash equivalents in period     (55.7)   (37.8)   (71.7)
Repayment of / (proceeds from) borrowings and finance leases     81.9   (31.2)   (96.2)
Change in net debt resulting from cash flows     26.2   (69.0)   (167.9)
Borrowings acquired with subsidiaries       (0.1)   (20.5)
Exchange differences on net debt     (3.9)   16.6   22.4
Movement in net debt in period     22.3   (52.5)   (166.0)
Net debt at beginning of period     (639.4)   (473.4)   (473.4)
Net debt at end of period 7   (617.1)   (525.9)   (639.4)