For the year to 31 March
£’000 |
Notes |
2011 |
2010 |
| Operating profit adjusted for non-cash items |
42 |
854 779 |
787 257 |
| Taxation paid |
|
(61 496) |
(56 257) |
| Increase in operating assets |
42 |
(4 137 456) |
(3 336 695) |
| Increase in operating liabilities |
42 |
2 689 207 |
4 115 640 |
| Net cash (outflow)/inflow from operating activities |
|
(654 966) |
1 509 945 |
| Cash inflow/(outflow) on acquisition of group operations |
29 |
57 044 |
(1 662) |
| Cash flow on disposal of group operations |
29 |
80 161 |
– |
| Cash flow on net disposal/(acquisition) of associates |
|
1 179 |
(483) |
| Cash flow on acquisition of operating leased assets |
|
(226 097) |
– |
| Cash flow on acquisition and disposal of property, equipment and intangible assets |
|
(36 762) |
(17 223) |
| Net cash outflow from investing activities |
|
(124 475) |
(19 368) |
| Dividends paid to ordinary shareholders |
|
(123 630) |
(91 946) |
| Dividends paid to other equity holders |
|
(43 375) |
(44 438) |
| Proceeds on issue of shares, net of related costs |
|
141 814 |
112 388 |
| Proceeds on issue of perpetual preference shares |
|
16 138 |
– |
| Proceeds on (acquisition)/issue of treasury shares, net of related costs |
|
(45 461) |
40 974 |
| Proceeds on issue of other equity instruments* |
|
1 493 |
3 547 |
| Proceeds from subordinated debt raised |
|
634 617 |
24 404 |
| Repayment of subordinated debt |
|
(438 246) |
(172 723) |
| Net cash inflow/(outflow) from financing activities |
|
143 350 |
(127 794) |
| |
|
|
|
| Effects of exchange rates on cash and cash equivalents |
|
101 032 |
274 915 |
| |
|
|
|
| Net (decrease)/increase in cash and cash equivalents |
|
(535 059) |
1 637 698 |
| Cash and cash equivalents at the beginning of the year |
|
3 922 047 |
2 284 349 |
| Cash and cash equivalents at the end of the year |
|
3 386 988 |
3 922 047 |
| Cash and cash equivalents is defined as including: |
|
|
|
| Cash and balances at central banks |
|
1 769 078 |
2 338 234 |
| On demand loans and advances to banks |
|
1 081 927 |
1 002 696 |
| Cash equivalent advances to customers |
|
535 983 |
581 117 |
| Cash and cash equivalents at the end of the year |
|
3 386 988 |
3 922 047 |