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for the year ended 31 March 2008
| Notes | Year ended 31 March 2008 £m | Year ended 31 March 2007 £m | |
|---|---|---|---|
| Operating activities | |||
| Operating profit | 507 | 794 | |
| Depreciation | 16 | 238 | 207 |
| Amortisation of conversion asset | 15 | 167 | - |
| Other amortisation | 18 | 9 | 6 |
| Share-based payments | 6 | 6 | 2 |
| Unrealised net losses on derivative financial instruments and commodity contracts | 12 | 3 | 2 |
| Movement in provisions for other liabilities and charges | (17) | (114) | |
| Decrease in Cash Sweep Payment accrual | (134) | - | |
| Cash Sweep Payment | (171) | (105) | |
| Interest paid | (77) | (61) | |
| Interest received | 87 | 51 | |
| NLF liabilities payment | 28 | (23) | (22) |
| Difference between pension contributions paid and amounts recognised in consolidated income statement | (11) | (48) | |
| Taxation paid | (118) | (49) | |
| Increase in inventories | (49) | (57) | |
| Increase in trade and other receivables | (120) | (193) | |
| (Increase)/decrease in restricted cash and other financial assets | (140) | 60 | |
| Increase in trade payables and other payables | 187 | 257 | |
| (Increase)/decrease in intangible assets | (22) | 21 | |
| Net cash inflow generated from operations | 322 | 751 | |
| Cash flows from investing activities | |||
| Purchases of property, plant and equipment | 16 | (197) | (224) |
| Purchases of software | 18 | (10) | (11) |
| Proceeds from disposal of property, plant and equipment | 4 | - | |
| Net cash used in investing activities | (203) | (235) | |
| Cash flows from financing activities | |||
| Purchase of own shares for share incentive schemes | 31 | (2) | (6) |
| Exercise of Warrants | 31 | 7 | 6 |
| Repayment of borrowings | (57) | (53) | |
| Equity dividends paid | 13 | (140) | - |
| Net cash used in financing activities | (192) | (53) | |
| Net (decrease)/increase in cash and cash equivalents | (73) | 463 | |
| Cash and cash equivalents at the beginning of the year | 1,101 | 638 | |
| Cash and cash equivalents at the end of the year | 21 | 1,028 | 1,101 |
