Consolidated Cash Flow Statement

	(unaudited) Six Months ended 30th June		Year ended 31st December
	1997 US$m	1996 US$m	1996 US$m
Operating activities
Operating profit Depreciation and amortisation Other non-cash items Decrease/(increase) in working capital Net interest expense Net tax (paid)/recovered	35.9 71.0 0.1 64.2 (6.9) (7.4)	21.0 63.7 1.6 (34.9) (10.0) (12.3)	97.9 130.8 20.8 18.4 (16.4) (1.0)
Dividends from associates	156.9 20.1	29.1 19.7	252.5 37.4
Cash flows from operating activities	177.0	48.8	289.9
Investing activities
Purchase of tangible assets Purchase of subsidiaries Purchase of associates and other investments Loans to associates Sale of tangible Assets Sale of subsidiaries Sale of associates	(58.4) (0.5) (12.6) (0.9) 1.2 3.4 -	(95.3) (0.1) (0.7) (5.9) 0.1 - -	(244.0) (1.6) (3.8) (11.6) 10.0 - 4.3
Cash flows from investing activities	(67.8)	101.9	246.7
Financing activities
Capital contribution from minority Shareholders Excercise of options Net (decresce)/increase in term loans Dividends paid by the Company Dividends paid to minority share holders	0.9 1.1 (41.7) (41.8) (0.6)	- - 276.2 (65.4) (0.3)	5.8 - 297.9 (91.8) (1.0)
Cash flows from financing activities Effect of exchange rate changes	(82.1) 0.2	210.5 (4.5)	210.9 (5.6)
Net increase in cash and cash equivalents	27.3	152.9	248.5
Cash and cash equivalents at beginning of period	418.6	170.1	170.1
Cash and cash equivalents at end of period	445.9	323.0	418.6
	US¢	US¢	US¢
Cash flow per ordinary share from operating activities	10.05	2.82	16.66