 |
Cash generated from operations
Six months ended 30 June 2006
|
Six
months
ended
30 June 2006
US$m(1) |
|
Six
months
ended
30 June 2006
£m |
|
Six months
ended
30 June 2005
£m |
|
Year ended
31 Dec. 2005
£m |
| |
Profit for the period |
346 |
|
187 |
|
160 |
|
372 |
Adjustments for: |
|
|
|
|
|
|
|
- taxation (note 5) |
133 |
|
72 |
|
65 |
|
144 |
- finance costs - net (note 4) |
88 |
|
48 |
|
51 |
|
100 |
- share of post-tax results of joint ventures and associates |
(22) |
|
(12) |
|
(7) |
|
(17) |
- exceptional items (note 3) |
12 |
|
6 |
|
29 |
|
35 |
- depreciation (excluding exceptional items) |
75 |
|
41 |
|
38 |
|
79 |
- amortisation of government grants |
- |
|
- |
|
- |
|
(1) |
- amortisation of intangible assets included in subsidiaries |
15 |
|
8 |
|
6 |
|
15 |
- (profit) / loss on sale of property, plant and equipment (excluding exceptional items) |
(2) |
|
(1) |
|
1 |
|
1 |
- charge in respect of employee share schemes |
4 |
|
2 |
|
2 |
|
5 |
Changes in working capital (excluding the effects of acquisitions, exceptional items and exchange): |
|
|
|
|
|
|
|
- inventories |
(118) |
|
(64) |
|
(26) |
|
5 |
- trade and other receivables |
204 |
|
110 |
|
45 |
|
(10) |
- trade and other payables |
(259) |
|
(140) |
|
68 |
|
21 |
Provisions for liabilities and charges |
(6) |
|
(3) |
|
- |
|
- |
Retirement benefits assets and liabilities |
(15) |
|
(8) |
|
(8) |
|
(16) |
Cash generated from operations before exceptional items |
455 |
|
246 |
|
424 |
|
733 |
Cash outflow from exceptional items |
(20) |
|
(11) |
|
(11) |
|
(33) |
Cash generated from operations |
435 |
|
235 |
|
413 |
|
700 |
| |
|
|
|
|
|
|
|
- US dollar equivalents are provided for reader convenience at the 30 June 2006 exchange rate of £1 : US$1.850.
Source : interim results 2006 news release
|