consolidated cash flow statement
| For the year ended 31 December | notes |
2011 £m |
2010 £m |
|---|---|---|---|
| Cash flows from operating activities | |||
| Cash generated from operations | 32 | 650 | 685 |
| Interest paid | (91) | (110) | |
| Tax paid | (86) | (75) | |
| Net cash flows from operating activities | 473 | 500 | |
| Cash flows from investing activities | |||
| Capital expenditure | (240) | (206) | |
| Proceeds from sale of property, plant and equipment | 1 | 8 | |
| Disposal of Closures (net of cash and cash equivalents disposed) | 10 | 205 | – |
| Loan from joint venture | 4 | 5 | |
| Interest received | 7 | 4 | |
| Other investing items | (1) | 6 | |
| Net cash flows from investing activities | (24) | (183) | |
| Cash flows from financing activities | |||
| Proceeds from borrowings | 7 | 21 | |
| Repayment of borrowings | (36) | (159) | |
| Purchase of Rexam PLC shares by Employee Share Trust | 31 | (18) | (6) |
| Dividends paid to equity shareholders | 11 | (111) | (105) |
| Dividends paid to non controlling interests | (1) | – | |
| Other financing items | 10 | (13) | |
| Net cash flows from financing activities | (149) | (262) | |
| Net increase in cash and cash equivalents | 300 | 55 | |
| Cash and cash equivalents at the beginning of the year | 99 | 62 | |
| Exchange differences and other non cash adjustments | 3 | (18) | |
| Net increase in cash and cash equivalents | 300 | 55 | |
| Cash and cash equivalents at the end of the year | 402 | 99 | |
| Cash and cash equivalents comprise: | |||
| Cash at bank and in hand | 21 | 83 | 46 |
| Short term bank deposits | 21 | 329 | 68 |
| Bank overdrafts | 25 | (10) | (15) |
| 402 | 99 |
related content
