Consolidated cash flow statement for the year ended 31 December 2010

US$ million Note 2010 2009(1)
Cash flows from operations 31a 9,924 4,904
Dividends from associates 255 616
Dividends from financial asset investments 30 23
Income tax paid (2,482) (1,456)
Net cash inflows from operating activities 7,727 4,087
 
Cash flows from investing activities
Purchase of property, plant and equipment 2 (5,280) (4,607)
Cash flows from derivatives related to capital expenditure 2 286 (151)
Investment in associates(2) (519) (31)
Purchase of financial asset investments (134) (269)
Net repayment/(advance) of loans granted   18 (134)
Interest received and other investment income 235 244
Disposal of subsidiaries, net of cash and cash equivalents disposed 32 2,539 69
Sale of interests in joint ventures 32 256 -
Sale of interests in associates 3 662
Proceeds from sale of financial asset investments   7 2,041
Repayment of capitalised loans by associates 33 -
Proceeds from disposal of property, plant and equipment 64 46
Other investing activities 22 (18)
Net cash used in investing activities (2,470) (2,148)
 
Cash flows from financing activities
Interest paid (837) (741)
Cash flows from derivatives related to financing activities 217 (85)
Dividends paid to Company shareholders (302) -
Dividends paid to non-controlling interests (617) (472)
Repayment of short term borrowings (2,338) (6,624)
Net receipt of medium and long term borrowings 1,194 6,253
Movements in non-controlling interests 356 21
Sale of shares under employee share schemes 42 29
Purchase of shares by subsidiaries for employee share schemes(3) (106) (75)
Other financing activities (9) 14
Net cash used in financing activities (2,400) (1,680)
Net increase in cash and cash equivalents 2,857 259
 
Cash and cash equivalents at start of year 31c 3,319 2,744
Cash movements in the year 2,857 259
Effects of changes in foreign exchange rates 284 316
Cash and cash equivalents at end of year 31c 6,460 3,319

(1) Comparatives have been reclassified following the adoption of IFRS 3 (Revised) Business Combinations to reflect consequential changes to IAS 7 Statement of Cash Flows.

(2) Includes $450 million cash paid, in the year ended 31 December 2010, to subscribe to the Group’s share of De Beers’ rights issue. Refer to note 36.

(3) Includes purchase of Kumba Iron Ore Limited and Anglo Platinum Limited shares for their respective employee share schemes.

View the notes to the 2010 Financial Statements.

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