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Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
[1]
Cash flows from operating activities      
Receipts from customers $ 4,517 $ 4,054 $ 4,580
Payments to suppliers and employees (3,273) (2,701) (2,714)
Cash generated from operations 1,244 1,353 1,866
Dividends received from joint ventures 694 231 148
Taxation refund 32 20 0
Taxation paid (166) (336) (431)
Net cash inflow (outflow) from operating activities from continuing operations 1,804 1,268 1,583
Net cash inflow (outflow) from operating activities from discontinued operations 0 0 109
Net cash inflow (outflow) from operating activities 1,804 1,268 1,692
Cash flows from investing activities      
Interest capitalised and paid (2) (14) (17)
Acquisition of assets (517) 0 0
Acquisition of intangible assets 0 (1) (1)
Dividends from associates and other investments 18 22 9
Proceeds from disposal of tangible assets 8 25 3
Other investments and assets acquired (16) (4) (8)
Proceeds from disposal of other investments 0 0 9
Proceeds from disposal of joint ventures 0 2 26
Loans advanced (1) (15) 0
Loans repaid by associates and joint ventures 0 0 12
Recognition of joint operation - cash 0 0 2
Proceeds from disposal of discontinued assets and subsidiaries 0 0 200
Decrease (increase) in cash restricted for use (4) 14 (9)
Interest received 81 58 27
Net cash inflow (outflow) from investing activities from continuing operations (1,461) (940) (486)
Net cash outflow from investing activities from discontinued operations 0 0 (31)
Cash in subsidiaries sold and transferred to held for sale 0 0 3
Net cash inflow (outflow) from investing activities (1,461) (940) (514)
Cash flows from financing activities      
Proceeds from borrowings 266 822 2,226
Repayment of borrowings (184) (820) (2,310)
Repayment of lease liabilities (82) (63) (47)
Finance costs - borrowings (99) (111) (110)
Finance costs - leases (10) (9) (8)
Other borrowing costs (11) (35) (33)
Dividends paid (203) (240) (47)
Cash inflow (outflow) from financing activities (323) (456) (329)
Net increase (decrease) in cash and cash equivalents 20 (128) 849
Translation (68) (48) 25
Cash and cash equivalents at beginning of year 1,154 [2],[3] 1,330 [1],[2],[3] 456
Cash and cash equivalents at end of year (2) 1,108 1,154 [2],[3] 1,330 [2],[3]
Cash and cash equivalents if different from statement of financial position [2] 1,106    
Project capital      
Cash flows from investing activities      
Capital expenditure (378) (392) (369)
- stay-in-business capital      
Cash flows from investing activities      
Capital expenditure $ (650) $ (635) $ (370)
[1] Comparative periods have been retrospectively restated, where indicated, due to the initial application of the amendment to IAS 16 "Property, Plant and Equipment - Proceeds before Intended Use" on 1 January 2022. Refer to note 1.
[2] Cash and cash equivalents at the end of December 2022 is net of a bank overdraft of $2m.
[3] The tangible assets and accumulated losses and other reserve balances for 31 December 2021 and 31 December 2020 have been retrospectively restated and increased with $33m due to the initial application of the amendment to IAS 16 “Property, Plant and Equipment - Proceeds before Intended Use” on 1 January 2022. Refer to note 1.