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Cash flow statements

For the year ended March 31, 2009

      Group   Company
£ million Note   2009 2008
Restated
  2009 2008
Restated
Cash flow from operating activities              
Operating (loss)/profit     (220) 878   (165) 862
Operating loss from discontinued operations       (2)      
Depreciation, amortisation and impairment     694 692   670 672
Operating cash flow before working capital changes     474 1,568   505 1,534
Movement in inventories, trade and other receivables     32 96   (28) 89
Movement in trade and other payables and provisions     (136) (325)   (132) (276)
Payments in respect of restructuring     (64) (32)   (62) (30)
Cash payment to NAPS pension scheme 36     (610)     (610)
Payment to DOJ in settlement of competition investigation       (149)     (149)
Other non-cash movement     1 3   7 (32)
Cash generated from operations     307 551   290 526
Interest paid     (177) (182)   (163) (169)
Taxation     3 (66)   26 (108)
Net cash flow from operating activities     133 303   153 249
Cash flow from investing activities              
Purchase of property, plant and equipment 15   (547) (596)   (528) (592)
Purchase of intangible assets 18   (24) (33)   (24) (32)
Purchase of shares in associated undertakings 20     (54)      
Proceeds from sale of other investments     7     7  
Proceeds from sale of property, plant and equipment     5 11   10 11
Insurance recoveries for write-off of Boeing 777 aircraft     12 51   12 51
Purchase of subsidiary (net of cash acquired)     (34)     (144) (1,016)
Cash inflow from disposal of subsidiary company       1      
Interest received     105 117   53 123
Dividends received     17 3   6 4
Decrease in other current interest-bearing deposits     202 458   356 1,238
Net cash used in investing activities     (257) (42)   (252) (213)
Cash flows from financing activities              
Proceeds from long-term borrowings     377 172   377 172
Repayments of borrowings     (66) (68)   (55) (57)
Payment of finance lease liabilities     (402) (356)   (411) (355)
Exercise of share options     1 4   1 4
Dividends paid     (58)     (58)  
Distributions made to holders of perpetual securities     (17) (14)      
Net cash used in financing activities     (165) (262)   (146) (236)
Net decrease in cash and cash equivalents     (289) (1)   (245) (200)
Net foreign exchange differences     8 (29)   31 (29)
Cash and cash equivalents at April 1     683 713   433 662
Cash and cash equivalents at March 31 25   402 683   219 433

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