IFRS PRACTICAL IMPLEMENTATION GUIDE AND WORKBOOK
48
Wiley IFRS: Practical Implementation Guide and Workbook
No tes to the Co ns olid a te d Cash F low Stat em en t For the Year Ended September 30 (In euros millions)
2005
2006
2004'
A. Cash generated fr om operations is calcula ted as follows: Profit before taxation-continuing operations
3,130
2,531
4.156
Profit before taxation---- 18 60 9 Adjustmen t for: Depreciation 1,930 1,826 1,534 Amortisation of goodwill 148 Amortisation of intangible assets 65 60 69 Profit on disposal of plant and equipmen t includin g rental assets (97) (108) (129) (130) (1) Profit on disposal of properties (83) (25) (29) (24) (31) Profit on disposal of subsidiaries and investments (1 1) (62) Dividends received Interest received (261) (156) (230) Finance costs 441 474 107 108 630 Fair value adjustments on financial instruments (228) 56 21 Impairment losses 28 Reversal of pension fund closure provision (100) Realisation of translation reserve on liquidation of offshore subsidiary 57 -----.ll 5,275 --l1 4,463 Other noncas h flow items ~ 6,077 Operating cash flows before moveme nts in working capital (10) Increase in working capital (475) (427) (370) (206) (2 13) (209) Increase in inventories (688) (396) (Increase)/decre ase in receivables Increase/(decrease) in payab les ----.122 4800 ----C2.Q2) ..A.ill 1 074 --'i.ll61 Cash genera ted from operat ions B. Taxation paid is reconciled to the amounts disclosed in the income statement as follows: Amounts unpaid less overpaid at beginning of year (4 19 (42 1) (958) (395) (814) Per the income statement (excluding deferre d taxation) Adjustment in respect of subsidiaries acquired and sold includi ng translation adjustments (1,3 15) (15) (86) 39 Amounts unpaid less overpaid at end of year ---..1ili.8. lW!Qb) -----±l.2 ~) ----ill. d.lli) Cash amounts paid C. Acquisition of subsidiaries, investments, and intangibles: Inventories acqui red 57 11 108 994 Receivables acquired 226 96 Payables, taxation, and deferred taxation acquired (1,64 1) (2,148) (230) (5 12) (90) Borrowing net of cash 25 Property, plant, and equipment, noncurrent assets, goodwill and minority shareholders ---.i5. 744 285 3525 Total net assets acquired 97 838 ---.ill. Less: Existing share of net assets of associates before acquisition Net assets acquired 285 97 485 .sai 1,482 .xa 1,110 --32. --..nli Goodw ill arising on acquisitions Total purchase consideration --ll 523 118 Less: Barlowor ld shares issued to acquire Avis Southern Africa Net cash cost of subsidiaries acquired Investments and intangib le assets acquired 523 118 325 ---.12.l Cash amounts paid to acquire SUbsidiaries, investme nt, and intangibles 1M2 ---.Jl.l4 ---..'l43. Bank balances and cash in subsidiaries acquire d 12 224 36
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