Brambles 2006 Annual Report - Alle jaarverslagen

134
Brambles
2006 Annual Report
NOTES TO AND FORMING PART OF
THE CONSOLIDATED FINANCIAL STATEMENTS continued
for the year ended 30 June 2006
Note 31.
Cash flow statement – additional information continued
2006
millions
2005
millions
Total credit facilities by currency:
– US dollar US$ 1,595.4 1,895.5
– Sterling £ 783.9 664.4
– Euro € 431.6 754.7
– Other US$ 88.1 79.9
Borrowing facilities are arranged by Brambles on behalf of its subsidiaries. Funding is generally sourced from relationship banks on
a medium to long term basis. The expiry dates of committed facilities range out to calendar year 2010. The average term of maturity
of these facilities and the US private placement notes is equivalent to 4.2 years (2005: 2.6 years). All facilities are structured on an
unsecured, revolving basis and are guaranteed as described in Note 33b. Extension of each facility is normally pursued prior to the
date of expiry.
c) Non-cash financing or investing activities
Apart from that disclosed in Note 37, there were no financing or investing transactions during the year which have had a material effect
on the assets and liabilities of Brambles that did not involve cash flows.
2006
US$m
2005
US$m
d) Reconciliation of profit after tax to net cash flows from operating activities
Profit after tax 1,464.4 448.8
Adjustments for:
– Depreciation and amortisation 492.7 605.4
– Irrecoverable pooling equipment provision expense 93.7 114.7
– Loss on remeasurement to fair value less costs to sell 25.0 –
– Net profit on disposal of property, plant and equipment (35.3) (36.3)
– Net profit on disposal of businesses and investments (5.0) (2.4)
– Net profit after tax on completed disposals of discontinued operations (940.3) –
– Costs incurred on disposal activity yet to close 11.2 –
– Joint ventures and associates 1.8 (3.3)
– Equity-settled share-based payments 26.2 8.4
– Finance costs (7.6) 17.4
Movements in operating assets and liabilities, net of acquisitions and disposals:
– Increase in trade and other receivables (5.1) (38.8)
– Decrease in prepayments 1.6 –
– Decrease/(increase) in inventories 1.9 (9.8)
– Decrease in deferred tax 50.8 22.4
– (Decrease)/increase in trade and other payables (50.0) 96.7
– Increase in tax payable 49.0 51.5
– Increase in provisions 12.1 7.6
– Other 2.0 8.9
Net cash inflow from operating activities 1,189.1 1,291.2