Consolidated Cash Flow Statement

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for the year to 31 December 2007 Note 2007
£m
2006
£m
Net cash (used in)/from operating activities 36 (163.3) 57.0
Investing activities      
Interest received   2.3 9.1
Dividends received from joint ventures   24.4 22.6
Amounts invested in software development   (0.4)
Proceeds on disposal of property, plant and investments   17.3 48.0
Purchases of property, plant and investments   (13.6) (6.7)
Amounts invested in joint ventures   (3.1) (9.2)
Amounts repaid by joint ventures   10.6 5.3
Acquisition of George Wimpey Plc 35 28.1
Net cash inflow on acquisition of remaining 50% of North Central Management Limited   2.9
Net cash from investing activities   68.5 69.1
       
Financing activities      
Dividends paid   (117.3) (79.7)
Dividends paid by subsidiaries to minority shareholders   (1.1) (0.1)
Proceeds on issue of ordinary share capital   3.3
Proceeds from sale of own shares   4.7 15.9
Purchase of own shares   (251.6) (12.4)
New bank loans raised   2083.8 608.7
New debenture loans raised   256.2
Repayment of debenture loans   (52.1) (4.3)
Repayment of bank loans   (1,944.6) (600.9)
Increase/(decrease) in bank overdrafts   0.5 (2.7)
Net cash used in financing activities (21.5) (72.2)
       
Net (decrease)/increase in cash and cash equivalents   (116.3) 53.9
Cash and cash equivalents at beginning of year   236.5 197.3
Effect of foreign exchange rate changes   9.8 (14.7)
Cash and cash equivalents at end of year   130.0 236.5