76
Tesco PLC Annual Report and Financial Statements 2013
Group cash flow statement Year ended 23 February 2013 Cash flows from operating activities Cash generated from operations Interest paid Corporation tax paid Net cash generated from operating activities Cash flows from investing activities Acquisition/disposal of subsidiaries, net of cash acquired/disposed Proceeds from sale of joint ventures and associates Proceeds from sale of property, plant and equipment, investment property and non-current assets classified as held for sale Purchase of property, plant and equipment, investment property and non-current assets classified as held for sale Purchase of intangible assets Net (increase)/decrease in loans to joint ventures and associates Investments in joint ventures and associates Net proceeds from sale of/(investments in) short-term and other investments Dividends received from joint ventures and associates Interest received Net cash used in investing activities Cash flows from financing activities Proceeds from issue of ordinary share capital Increase in borrowings Repayment of borrowings Repayment of obligations under finance leases Purchase of non-controlling interests Dividends paid to equity owners Dividends paid to non-controlling interests Own shares purchased Net cash used in financing activities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at beginning of the year Effect of foreign exchange rate changes Cash and cash equivalents including cash held in disposal group at the end of the year Cash held in disposal group Cash and cash equivalents at the end of the year
notes 29
27
8
7 18
52 weeks 2013 £m
52 weeks 2012 £m
3,873 (457) (579) 2,837
5,688 (531) (749) 4,408
(72) 68
(65) –
1,351
1,141
(2,619) (368) (43) (158) 1,427 51 85 (278)
(3,374) (334) 122 (49) (767) 40 103 (3,183)
57 1,820 (3,022) (32) (4) (1,184) – – (2,365) 194 2,311 26 2,531 (19) 2,512
69 2,905 (2,720) (45) (89) (1,180) (3) (303) (1,366) (141) 2,428 24 2,311 (6) 2,305
Reconciliation of net cash flow to movement in net debt note Year ended 23 February 2013 Net increase/(decrease) in cash and cash equivalents Elimination of net (increase)/decrease in Tesco Bank cash and cash equivalents Investment in Tesco Bank Debt acquired on acquisition Net cash outflow to repay debt and lease financing Dividend received from Tesco Bank (Decrease)/increase in Retail short-term investments Increase/(decrease) in Retail joint venture loan receivables Other non-cash movements Elimination of other Tesco Bank non-cash movements Decrease/(increase) in net debt for the year Opening net debt Closing net debt
note
30 30
52 weeks 2013 £m
194 (475) (45) (1) 1,589 105 (721) 36 (430) (11) 241 (6,838) (6,597)
52 weeks 2012 £m
(141) 126 (112) (98) 262 100 221 (122) (330) 46 (48) (6,790) (6,838)
NB. The reconciliation of net cash flow to movement in net debt note is not a primary statement and does not form part of the cash flow statement but forms part of the notes to the financial statements.
The notes on pages 77 to 125 form part of these financial statements.