Cash flow statements

for the 52 weeks to 24 March 2007

		Group		Company
	Note	2007 £m	2006 £m	2007 £m	2006 £m
Cash flows from operating activities
Cash generated from operations	27a	830	780	(166)	3,116
Interest paid		(95)	(159)	(95)	(151)
Corporation tax received		9	3	—	20
Net cash from operating activities		744	624	(261)	2,985
Cash flows from investing activities
Purchase of property, plant and equipment		(778)	(549)	—	(14)
Purchase of intangible assets		(7)	(6)	—	—
Proceeds from disposal of property, plant and equipment		106	164	11	151
Acquisition of and investment in subsidiaries, net of cash acquired	33,13	(3)	(6)	(24)	(1,469)
Proceeds from part disposal of Sainsbury’s Bank		21	—	21	—
Cash disposed on part disposal of Sainsbury’s Bank		(33)	—	—	—
Cost of disposal of operations		(1)	(13)	(1)	(13)
Interest received		15	6	119	112
Dividends received		—	—	270	250
Net cash from investing activities		(680)	(404)	396	(983)
Cash flows from financing activities
Proceeds from issuance of ordinary shares		81	22	81	22
Capital redemption		(2)	(9)	(2)	(9)
Repayment of short-term borrowings		(53)	(348)	(53)	(174)
Repayment of long-term borrowings		(22)	(1,701)	—	(1,701)
Proceeds from short-term borrowings		—	50	—	50
Proceeds from long-term borrowings		—	2,056	—	—
Debt restructuring costs		(2)	(22)	(2)	(22)
Repayment of capital element of obligations under finance lease borrowings		—	(1)	—	—
Interest elements of obligations under finance lease payments		(3)	(3)	—	—
Dividends paid	10	(140)	(131)	(140)	(131)
Issue of loan from minority shareholder		—	9	—	—
Net cash from financing activities		(141)	(78)	(116)	(1,965)
Net (decrease)/increase in cash and cash equivalents		(77)	142	19	37
Opening cash and cash equivalents		842	700	245	208
Closing cash and cash equivalents	27b	765	842	264	245