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Group - Statement of Cash Flows - USD ($)
$ in Millions
6 Months Ended 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Cash flows from operating activities      
Cash generated from operations $ 735 $ 316  
Dividends received from joint ventures 36 37  
Taxation paid (99) (60)  
Net cash inflow (outflow) from operating activities 672 293  
Cash flows from investing activities      
Capital expenditure on tangible and intangible assets (490) (453)  
Dividends from associates and other investments 0 6  
Proceeds from disposal of tangible assets 1 6  
Deferred compensation received 5 0  
Other investments and assets acquired (18) 0  
Loans advanced (1) (1)  
Decrease (increase) in cash restricted for use 16 (1)  
Interest received 60 49  
Repayment of loans advanced to joint ventures 90 0  
Net cash inflow (outflow) from investing activities (337) (394)  
Cash flows from financing activities      
Proceeds from borrowings 320 8 $ 343
Repayment of borrowings (420) (74) (87)
Repayment of lease liabilities (43) (44) (94)
Finance costs - borrowings (63) (56) (111)
Finance costs - leases (5) (5) (11)
Other borrowing costs 0 (1)  
Dividends paid (80) (76)  
Net cash inflow (outflow) from financing activities (291) (248)  
Net increase (decrease) in cash and cash equivalents 44 (349)  
Translation (16) (40)  
Cash and cash equivalents at beginning of period 955 1,106 1,106
Cash and cash equivalents at end of period $ 983 [1] $ 717 [1] $ 955
[1] Cash and cash equivalents at the end of the period is net of a bank overdraft of $15m (Jun 2023: $5m).