(Download XLS:)  |
|
|
Notes |
2009 |
2008 |
|---|---|---|---|
|
Cash flows from operating activities |
|
|
|
|
|
|
|
|
|
Profit/(loss) for the year |
|
844 |
(1,130) |
|
|
|
|
|
|
Adjustments for non-cash movements in net profit/(loss) for the year |
|
| |
|
Realised and unrealised (gains)/losses on financial investments and investment properties |
|
(29,180) |
48,376 |
|
Investment income |
|
(8,813) |
(10,086) |
|
Interest expense |
|
179 |
379 |
|
Income tax expense/(credit) |
|
395 |
(1,023) |
|
Other adjustments |
|
104 |
77 |
|
|
|
|
|
|
Net (increase)/decrease in operational assets |
|
|
|
|
Investments designated as held for trading or fair value through profit or loss |
(5,822) |
2,161 | |
|
Investments designated as available-for-sale |
|
(61) |
(93) |
|
Other assets |
|
477 |
(1,702) |
|
|
|
|
|
|
Net increase/(decrease) in operational liabilities |
|
|
|
|
Insurance contracts |
|
3,143 |
(1,479) |
|
Transfer to/(from) unallocated divisible surplus |
|
368 |
(798) |
|
Investment contracts |
|
29,337 |
(43,485) |
|
Value of in-force non-participating contracts |
|
(196) |
105 |
|
Other liabilities |
|
1,121 |
541 |
|
Cash used in operations |
|
(8,104) |
(8,157) |
|
Interest paid |
|
(160) |
(377) |
|
Interest received |
|
5,074 |
5,214 |
|
Income tax received/(paid) |
|
52 |
(208) |
|
Dividends received |
|
3,896 |
4,614 |
|
Net cash flows from operating activities |
|
758 |
1,086 |
|
|
|
|
|
|
Cash flows from investing activities |
|
|
|
|
Net acquisition of plant and equipment |
|
(7) |
(14) |
|
Acquisitions (net of cash acquired) |
– |
1,004 | |
|
Capital injection into overseas joint ventures |
(36) |
– | |
|
Net cash flows from investing activities |
|
(43) |
990 |
|
|
|
|
|
|
Cash flows from financing activities |
|
|
|
|
Dividend distributions to ordinary equity holders of the Company during the year |
(185) |
(367) | |
|
Proceeds from issue of ordinary share capital |
|
– |
10 |
|
Purchase of employee scheme shares |
|
(2) |
(9) |
|
Purchase of shares under share buyback programme |
– |
(523) | |
|
Proceeds from borrowings |
|
2,124 |
3,568 |
|
Repayment of borrowings |
|
(2,629) |
(2,960) |
|
Net cash flows from financing activities |
|
(692) |
(281) |
|
|
|
|
|
|
Net increase in cash and cash equivalents |
|
23 |
1,795 |
|
Exchange (losses)/gains on cash and cash equivalents |
|
(61) |
156 |
|
Cash and cash equivalents at 1 January |
|
10,688 |
8,737 |
|
Cash and cash equivalents at 31 December |
10,650 |
10,688 | |
The Group’s consolidated cash flow statement includes all cash and cash equivalent flows, including those relating to the UK long term fund policyholders.
