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					3i Group plc

 Consolidated cash flow statement
 for the year to 31 March

                                                       2011     2010
                                                        £m       £m
 Cash flow from operating activities
 Purchase of investments                              (561)     (190)
 Proceeds from investments                             609     1,315
 Portfolio interest received                            15        16
 Portfolio dividends received                           41        59
 Portfolio fees received/(paid)                          1        (2)
 Fees received from external funds                      62        56
 Carried interest received                              17         3
 Carried interest and performance fees paid            (54)      (57)
 Operating expenses                                   (218)     (251)
 Interest received                                      12        12
 Interest paid                                        (124)     (124)
 Income taxes paid                                      (2)       (3)
 Net cash flow from operations                        (202)     834

 Cash flow from financing activities
 Net proceeds from liquidation of 3i QPEP                -      110
 Proceeds from the nine for seven rights issue           -      732
 Fees paid for the nine for seven rights issue           -      (33)
 Proceeds from issue of share capital                    -       18
 Purchase of own shares                                  -       (9)
 Repurchase of B shares                                  -       (6)
 Dividend paid                                         (30)      (9)
 Proceeds from long-term borrowings                      -      351
 Repayment of long-term borrowings                     (56)    (205)
 Repurchase of long-term borrowings                    (48)     (77)
 Repurchase of convertible bonds                      (249)        -
 Net cash flow from short-term borrowings              (88)    (144)
 Net cash flow from derivatives                        (34)     (34)
 Net cash flow from financing activities              (505)     694

 Cash flow from investing activities
 Acquisition of subsidiary                             (18)       -
 Net cash acquired with the subsidiary                  18        -
 Purchase of property, plant and equipment              (5)      (1)
 Proceeds on sale of property, plant and equipment       2        -
 Net cash flow from deposits                           168     (669)
 Net cash flow from investing activities               165     (670)

 Change in cash and cash equivalents                   (542)     858
 Cash and cash equivalents at the start of the year   1,524      675
 Effect of exchange rate fluctuations                   (21)      (9)
 Cash and cash equivalents at the end of the year       961    1,524

				
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posted:8/7/2012
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