CONSOLIDATED
CASH FLOW STATEMENT
Annual Report PDF
Year ended 31 December Notes 2019
£m
2018
£m
Operating (loss)/profit   (115) 512
Add back/(deduct):      
Depreciation, amortisation, write-downs and impairments of fixed assets 12a, 13a 1,210 530
Profit on disposals   (6) (3)
Decrease in provisions   (164) (164)
Unrealised (gain)/loss arising from re-measurement of energy contracts   (194) 5
Operating cash before movements in working capital   731 880
Increase in inventories   (3) (14)
Decrease in trade and other receivables   34 37
(Decrease)/increase in trade and other payables   (105) 57
Cash generated by operations   657 960
Taxes paid   (110) (47)
Payments relating to exceptional charges   (3) (19)
Operating interest received   1
Net cash from operating activities   545 894
Purchase of businesses, net of cash acquired   31
Proceeds from the sale of assets   33 1
Purchase of property, plant and equipment and intangible assets   (470) (470)
Sale of property, plant and equipment and intangible assets   6
Investing interest received   3 2
Movements in deferred consideration   48 (9)
Net cash used in investing activities   (380) (445)
Financing interest and fees paid   (13) (9)
Equity dividends paid 10 (400)
Repayment of related-party borrowings 22e (106)
Capital element of finance leases 22e (29) (6)
Issue of share capital 23 16
Realised net foreign exchange loss on cash settlement of derivative contracts   (2)
Net cash used in financing activities   (442) (107)
Net (decrease)/increase in cash and cash equivalents   (277) 342
Cash and cash equivalents at 1 January   639 293
Effect of foreign exchange rate changes   (1) 4
Cash and cash equivalents at 31 December 22e 361 639
Included in the following lines of the Consolidated Balance Sheet:      
Cash and cash equivalents   338 590
Restricted cash within cash and cash equivalents   23 49

The notes on pages 31 to 78 form part of these Consolidated financial statements.