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Cash flow statement

For the year ended 31 December 2009

Group Company
2009 20081 2009
Notes $million $million   $million

Cash flows from operating activities


Profit before taxation 5,151 4,568 373
Adjustments for:
Non-cash items included within income statement 40 1,385 1,995 (228)
Change in operating assets 40 2,962 (88,103) (227)
Change in operating liabilities 40 (11,219) 105,913 3,703
Contributions to defined benefit schemes (124) (95) 0
UK and overseas taxes (paid)/refunded (1,210) (1,400) (25)

Net cash (used in)/from operating activities (3,055) 22,878 3,596

Net cash flows from investing activities


Purchase of property, plant and equipment (261) (579) 0
Disposal of property, plant and equipment 218 73 0
Acquisition of investment in subsidiaries, net of cash acquired (68) 6,209 (2,500)
Disposal of investment in subsidiaries 0 159 0
Purchase of investment securities (129,739) (109,938) (1,800)
Disposal and maturity of investment securities 126,678 97,756 0
Dividends received from investment in subsidiaries and associates 11 0 331

Net cash (used in)/from investing activities (3,161) (6,320) (3,969)

Net cash flows from financing activities


Issue of ordinary and preference share capital, net of expenses 1,817 2,753 1,817
Purchase of own shares (103) (76) (103)
Exercise of share options through ESOP 22 9 22
Interest paid on subordinated liabilities (361) (718) (129)
Gross proceeds from issue of subordinated liabilities 2,063 3,667 0
Repayment of subordinated liabilities (2,440) (1,436) 0
Dividends paid to minority interests and preference shareholders (188) (257) (101)
Dividends paid to ordinary shareholders, net of scrip (638) (815) (638)

Net cash from financing activities 172 3,127 868

Net (decrease)/increase in cash and cash equivalents (6,044) 19,685 495


Cash and cash equivalents at beginning of year 73,699 55,338 5,303
Effect of exchange rate movements on cash and cash equivalents 418 (1,324) 0

Cash and cash equivalents at end of year 41 68,073 73,699 5,798


1 Amounts have been restated as explained in note 50

The notes on pages 119 to 201 form an integral part of these financial statements.
Company
20081
$million  

2,243

(2,080)
62
1,295
0
2

1,522

0
0
0
0
(925)
0
1,880

955

2,753
(76)
9
(185)
960
(640)
(110)
(815)

1,896

4,373
930
0

5,303

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