Cash flow statements

for the 52 weeks to 22 March 2008

	Note	Group 2008 £m	Group 2007 £m	Company 2008 £m	Company 2007 £m
Cash flows from operating activities
Cash generated from operations	27a	998	830	(126)	(166)
Interest paid		(123)	(95)	(34)	(95)
Corporation tax (paid)/received		(64)	9	(64)	–
Net cash from operating activities		811	744	(224)	(261)
Cash flows from investing activities
Purchase of property, plant and equipment		(973)	(778)	-	–
Purchase of intangible assets		(6)	(7)	-	–
Proceeds from disposal of property, plant and equipment and other assets		198	106	1	11
Acquisition of and investment in subsidiaries and businesses, net of cash acquired	12, 13	(7)	(3)	(3)	(24)
Investment in joint ventures		(31)	–	(15)	–
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)	(1)	(1)	(1)
Interest received		29	15	116	119
Dividends received		-	–	250	270
Net cash from investing activities		(791)	(680)	348	396
Cash flows from financing activities
Proceeds from issuance of ordinary shares		43	81	43	81
Capital redemption		(10)	(2)	(10)	(2)
Repayment of short-term borrowings		-	(53)	-	(53)
Repayment of long-term borrowings		(36)	(22)	(7)	–
Debt restructuring costs		-	(2)	-	(2)
Interest elements of obligations under finance lease payments		(3)	(3)	-	–
Dividends paid	10	(178)	(140)	(178)	(140)
Net cash from financing activities		(184)	(141)	(152)	(116)
Net (decrease)/increase in cash and cash equivalents		(164)	(77)	(28)	19
Opening cash and cash equivalents		765	842	264	245
Closing cash and cash equivalents	27b	601	765	236	264