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