 |
Reconciliation of movements in net debt
Year ended 31 December 2006
Net debt comprises current and non-current borrowings, derivative financial instrument assets and liabilities, and cash and cash equivalents, excluding all accrued interest.
| |
|
|
Increase / (decrease) in cash and cash equivalents |
4 |
|
2 |
|
(536) |
Decrease in borrowings |
327 |
|
167 |
|
626 |
Change in net debt resulting from cash flows |
331 |
|
169 |
|
90 |
Exchange differences |
123 |
|
63 |
|
4 |
Acquisitions (excluding cash and cash equivalents) |
(35) |
|
(18) |
|
- |
Other non-cash movements including revaluation of derivative financial instruments |
13 |
|
7 |
|
4 |
Decrease in net debt in the year |
432 |
|
221 |
|
98 |
Net debt at 1 January |
(4,180) |
|
(2,136) |
|
(2,234) |
Net debt at 31 December |
(3,748) |
|
(1,915) |
|
(2,136) |
|
|
|
|
|
|
- US dollar equivalents are provided for reader convenience at the 31 December 2006 exchange rate of £1 : US$1.957.
Source : Final results 2006 news release
|