Group cash flow statement

for the year ended 31 March 2022

Notes 2022
US$m
2021
US$m
Cash flows from operating activities
Cash generated from operations 40(a) 2,270 1,822
Interest paid (127) (119)
Interest received 6 4
Dividends received from associates 13 17
Tax paid (366) (236)
Net cash inflow from operating activities – continuing operations 1,796 1,488
Net cash inflow from operating activities – discontinued operations 17 1
Net cash inflow from operating activities 1,797 1,488
Cash flows from investing activities
Purchase of other intangible assets 40(c) (445) (374)
Purchase of property, plant and equipment (63) (48)
Sale of property, plant and equipment 23 1
Purchase of other financial assets (32) (31)
Sale of other financial assets 12 24
Distributions received on financial assets held as investments 2
Acquisition of subsidiaries, net of cash acquired 40(d) (736) (526)
Disposal of investment in associates 14(c), 23 12 127
Repayment of promissory note and interest by associate 23 110
Disposal of operations 43 (1)
Net cash flows used in investing activities (1,118) (827)
Cash flows from financing activities
Cash inflow in respect of shares issued 40(e) 24 19
Cash outflow in respect of share purchases 40(e) (173)
Other payments on vesting of share awards (4) (6)
Settlement of put options held over shares in subsidiaries 40(d) (4)
Transactions in respect of non-controlling interests 40(d) (1) (10)
New borrowings 571 1,011
Repayment of borrowings (583) (1,337)
Principal lease payments (57) (56)
Net (payments)/receipts for cross-currency swaps and foreign exchange contracts (16) 54
Net receipts from equity swaps 2 6
Dividends paid (446) (428)
Net cash flows used in financing activities (687) (747)
Net decrease in cash and cash equivalents (8) (86)
Cash and cash equivalents at 1 April 170 272
Exchange movements on cash and cash equivalents 14 (16)
Cash and cash equivalents at 31 March 40(f) 176 170

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