Anglo American Annual Report 2012

FINANCIAL STATEMENTS PRINCIPAL STATEMENTSCONSOLIDATED CASH FLOW STATEMENTfor the year ended 31 December 2012US$ million Note 2012 2011Cash flows from operations 31a 7,021 11,498Dividends from associates 286 344Dividends from financial asset investments 54 59Income tax paid (1,799) (2,539)Net cash inflows from operating activities 5,562 9,362Cash flows from investing activitiesAcquisition of subsidiaries, net of cash and cash equivalents acquired 32 (4,816) –Purchase of property, plant and equipment 2 (5,607) (6,203)Cash flows from derivatives related to capital expenditure 2 (71) 439Investments in associates (114) (47)Purchase of financial asset investments (16) (16)Net repayment of loans granted 81 22Interest received and other investment income 279 350Disposal of subsidiaries, net of cash and cash equivalents disposed 33 100 514Sale of interests in joint ventures 33 – 19Repayment of capitalised loans by associates 36 4Proceeds from disposal of property, plant and equipment 66 77Net proceeds from disposal of interests in available for sale investments 273 –Other investing activities (32) (12)Net cash used in investing activities (9,821) (4,853)Cash flows from financing activitiesInterest paid (775) (807)Cash flows from derivatives related to financing activities 149 226Dividends paid to Company shareholders (970) (818)Dividends paid to non-controlling interests (1,267) (1,404)Repayment of short term borrowings (747) (1,261)Net receipt of medium and long term borrowings 5,633 964Movements in non-controlling interests 1,220 4,964Tax on sale of non-controlling interest in Anglo American Sur (1,015) –Sale of shares under employee share schemes 24 20Purchase of shares by subsidiaries for employee share schemes (1) (253) (367)Other financing activities (49) (43)Net cash inflows from financing activities 1,950 1,474Net (decrease)/increase in cash and cash equivalents (2,309) 5,983Cash and cash equivalents at start of year 31c 11,732 6,460Cash movements in the year (2,309) 5,983Effects of changes in foreign exchange rates (111) (711)Cash and cash equivalents at end of year 31c 9,312 11,732(1)Includes purchase of Kumba Iron Ore Limited and Anglo American Platinum Limited shares for their respective employee share schemes.140 Anglo American plc Annual Report 2012