Consolidated cash flow statement
Consolidated cash flows from operating activities for the year ended 31 December 2017
| For the year ended 31 December 2018 | Notes | 2018 ￡?million |
2017 ￡?million |
|---|---|---|---|
| Profit for the year | ? | ?1,808 | ?1,902 |
| Realised and unrealised (gains) on financial investments and investment properties | ? | (23,132) | (25,024) |
| Investment income | ? | (10,182) | (9,953) |
| Interest expense | ? | 293 | 220 |
| Tax expense | ? | 210 | 377 |
| Other adjustments | ? | 183 | 154 |
| Net (increase)/decrease in operational assets | ? | ? | ? |
| Investments held for trading or designated as fair value through profit or loss | ? | (10,381) | 11,794 |
| Investments designated as available-for-sale | ? | (248) | 277 |
| Other assets | ? | 1,258 | (2,344) |
| Net (increase)/decrease in operational liabilities | ? | ? | ? |
| Insurance contracts | ? | 3,257 | (3,989) |
| Investment contracts | ? | (22,571) | (10,798) |
| Other liabilities | ? | 20,444 | 16,791 |
| Net (decrease)/increase in held for sale liabilities | ? | (8,500) | 12,139 |
| ? | ? | ? | ? |
| Cash used in operations | ? | ?(9,684) | ?(4,595) |
| Interest paid | ? | (215) | (221) |
| Interest received | ? | 4,841 | 4,528 |
| Tax paid 1 | ? | (504) | (497) |
| Dividends received | ? | 5,201 | 5,196 |
| Net cash flows from operating activities | ? | (361) | 4,411 |
| ? | ? | ? | ? |
| Cash flows from investing activities | ? | ? | ? |
| Net acquisition of plant, equipment, intangibles and other assets | ? | (401) | (230) |
| Investment in joint ventures and associates | ? | (7) | (63) |
| Net cash flows used in investing activities | ? | (130) | ?(7) |
| Cash flows from financing activities | ? | ? | ? |
| Dividend distributions to ordinary equity holders of the company during the year | 3.05 | (932) | (872) |
| Issue of ordinary share capital | ? | 4 | 7 |
| Purchase of employee scheme shares (net) | ? | 12 | 10 |
| Proceeds from borrowings | ? | 960 | 1,232 |
| Repayment of borrowings | ? | (325) | (600) |
| Movement in non-controlling interests | ? | - | (262) |
| Net cash flows used in financing activities | ? | (281) | (485) |
| Net (decrease)/increase in cash and cash equivalents | ? | (847) | 3,912 |
| Exchange (losses)/gains on cash and cash equivalents | ? | 16 | (19) |
| Cash and cash equivalents at 1 January (before reallocation of held for sale cash) | ? | 18,919 | 15,348 |
| Total cash and cash equivalents | ? | 18,088 | 19,241 |
| Total cash and cash equivalents classified as held for sale | ? | (767) | (322) |
| Total cash and cash equivalents at 1 January (before reallocation of held for sale cash) | ? | 18,919 | 15,438 |
| ? | ? | ? | ? |
|
? | ? | ? |