Consolidated Cash Flow Statement
for the year ended 31 December 2004
| Rm | |||
| Notes | Year to 31 December 2004 |
Year to 31 December 2003 |
|
| Operating activities | |||
| Net cash inflow from insurance and other operating activities | 47 |
11,239 |
11,312 |
| Net cash outflow from banking operating activities | 47 |
(4,863) |
(8,387) |
| Net cash inflow from operating activities | 6,376 |
2,925 |
|
| Net cash outflow from returns on investments and servicing of finance | 47(a) |
(1,334) |
(1,580) |
| Total tax paid | 47(a) |
(3,457) |
(2,149) |
| Net cash (outflow)/inflow from capital expenditure and financial investment | 47(a) |
(23) |
2,804 |
| Net cash (outflow)/inflow from acquisitions and disposals | 47(a) |
(366) |
1,025 |
| Equity dividends paid | (2,132) |
(2,198) |
|
| Net cash (outflow)/inflow before financing activities | (936) |
827 |
|
| Net cash inflow from financing activities | 47(a) |
3,346 |
2,851 |
| Net cash inflow of the Group excluding long term business | 2,410 |
3,678 |
|
| Cash flows relating to insurance and other activities were invested as follows: | |||
| (Decrease)/increase in cash holdings | 47(b),(c) |
(1,852) |
445 |
| Increase in net portfolio investments | 47(b),(c) |
6,442 |
7,605 |
4,590 |
8,050 |
||
| Cash flows relating to banking activities were invested as follows: | |||
| Decrease in cash and balances at central banks | 47(d) |
(2,180) |
(4,372) |
| Net cash inflow of the Group excluding long term business | 2,410 |
3,678 |
The cash flows presented in this statement exclude all cash flows relating to policyholders’ funds for the long term business.
