Weir Group 2013 Interim Report (PDF, 0.59 MB) - The Weir Group

Consolidated Cash Flow Statementfor the 26 weeks ended 28 June 201352 weeks ended28 Dec 2012£m Notes26 weeks ended28 June 2013£m26 weeks ended29 June 2012£mContinuing operationsCash flows from operating activities 12398.6 Cash generated from operations 183.0 141.5(7.5) Additional pension contributions paid (2.5) –(104.9) Income tax paid (37.8) (65.8)286.2 Net cash generated from operating activities 142.7 75.7Continuing operationsCash flows from investing activities(123.3) Acquisitions of subsidiaries 12 (199.0) (118.6)22.9 Disposals of subsidiaries 12 (0.2) (0.4)(123.6) Purchases of property, plant & equipment & intangible assets (43.8) (55.6)7.3 Other proceeds from sale of property, plant & equipment & intangible assets 3.4 2.35.1 Interest received 0.8 1.9– Investment in joint ventures (14.0) –5.4 Dividends received from joint ventures 2.1 0.9(206.2) Net cash used in investing activities (250.7) (169.5)Continuing operationsCash flows from financing activities(3.0) Purchase of shares for equity settled share-based incentives (2.2) –786.9 Proceeds from borrowings 72.3 635.7(462.5) Repayments of borrowings (183.6) (463.7)(1.9) Settlement of external debt of subsidiary on acquisition (1.3) (1.9)(11.0) Settlement of derivative financial instruments (10.2) –(33.4) Interest paid (21.5) (10.2)1.0 Proceeds from increase in non-controlling interests 0.5 –(71.7) Dividends paid to equity holders of the Company 6 (63.8) (54.8)204.4 Net cash (used in) generated from financing activities (209.8) 105.1284.4Net (decrease) increase in cash & cash equivalents fromcontinuing operations (317.8) 11.3108.6 Cash & cash equivalents at the beginning of the period 384.2 108.6(8.8) Foreign currency translation differences 1.1 (4.0)384.2 Cash & cash equivalents at the end of the period 12 67.5 115.917