(Download XLS:)  |
|
|
Notes |
2008 |
2007 |
|---|---|---|---|
|
Cash flows from operating activities |
|
|
|
|
|
|
|
|
|
(Loss)/profit from ordinary activities after income tax |
|
(1,130) |
718 |
|
|
|
|
|
|
Adjustments for non cash movements in net (loss)/profit for the period |
|
|
|
|
Realised and unrealised losses/(gains) on financial investments and investment properties |
|
48,376 |
(4,862) |
|
Investment income |
|
(10,086) |
(7,797) |
|
Interest expense |
|
379 |
214 |
|
Income tax (credit)/expense |
|
(1,023) |
77 |
|
Other adjustments |
|
77 |
46 |
|
|
|
|
|
|
Net decrease/(increase) in operational assets |
|
|
|
|
Investments designated as held for trading or fair value through profit or loss |
|
2,161 |
(8,322) |
|
Investments designated as available-for-sale |
|
(93) |
(98) |
|
Other assets |
|
(1,702) |
(230) |
|
|
|
|
|
|
Net (decrease)/increase in operational liabilities |
|
|
|
|
Insurance contracts |
|
(1,479) |
152 |
|
Transfer from unallocated divisible surplus |
|
(798) |
(455) |
|
Investment contracts |
|
(43,485) |
17,686 |
|
Value of in-force non-participating contracts |
|
105 |
115 |
|
Other liabilities |
|
541 |
(73) |
|
Cash used in operations |
|
(8,157) |
(2,829) |
|
Interest paid |
|
(377) |
(214) |
|
Interest received |
|
5,214 |
4,202 |
|
Income tax paid |
|
(208) |
(244) |
|
Dividends received |
|
4,614 |
3,312 |
|
Net cash flows from operating activities |
|
1,086 |
4,227 |
|
|
|
|
|
|
Cash flows from investing activities |
|
|
|
|
Net acquisition of plant and equipment |
|
(14) |
(58) |
|
Acquisitions (net of cash acquired) |
1,004 |
– | |
|
Net cash flows from investing activities |
|
990 |
(58) |
|
Cash flows from financing activities |
|
|
|
|
Dividend distributions to ordinary equity holders of the Company during the year |
|
(367) |
(369) |
|
Proceeds from issue of ordinary share capital |
|
10 |
4 |
|
Purchase of employee scheme shares |
|
(9) |
(5) |
|
Purchase of shares under share buyback programme |
(523) |
(320) | |
|
Proceeds from borrowings |
|
3,568 |
1,948 |
|
Repayment of borrowings |
|
(2,960) |
(1,637) |
|
Net cash flows from financing activities |
|
(281) |
(379) |
|
|
|
|
|
|
Net increase in cash and cash equivalents |
|
1,795 |
3,790 |
|
Exchange gains on cash and cash equivalents |
|
156 |
17 |
|
Cash and cash equivalents at 1 January |
|
8,737 |
4,930 |
|
Cash and cash equivalents at 31 December |
10,688 |
8,737 |
The [Group]’s consolidated cash flow statement includes all cash and cash equivalent flows, including those relating to the UK long term fund policyholders.