Consolidated Cash Flow Statement

		(unaudited) Six months ended 30th June						Year ended 31st December
			1998 US$m				1997 US$m					1997 US$m
Operating activities
Operating profit			49.2				35.9					117.0
Depreciation and amortisation			62.3				71.0					142.7
Other non-cash items			3.5				0.1					9.5
(Increase)/decrease in working capital			(61.1)				64.2					156.3
Net interest income/(expense)			3.7				(6.9)					(13.5)
Net tax paid			(12.8)				(7.4)					(19.5)
			44.8				156.9					392.5
Dividends from associates			27.6				20.1					40.0
Cash flows from operating activities			72.4				177.0					432.5
Investing activities
Purchase of tangible assets			(58.9)				(58.4)					(214.2)
Purchase of subsidiaries			-				(0.5)					(0.2)
Purchase of associates and other investments (note 6a)			(43.0)				(12.6)					(19.5)
Loans to associates			(0.2)				(0.9)					(0.9)
Sale of tangible assets			12.9				1.2					8.8
Sale of subsidiaries (note 6b)			119.9				3.4					3.5
Sale of associates (note 6c)			292.8				-					39.9
Cash flows from investing activities			323.5				(67.8)					(182.6)
Financing activities
Contribution from minority shareholders			10.9				0.9					6.1
Exercise of share options			1.0				1.1					1.8
Repurchase of convertible preference shares			(10.3)				-					-
Net increase/(decrease) in term loans			10.3				(41.7)					(84.4)
Dividends paid by the Company			(87.4)				(41.8)					(69.2)
Dividends paid to minority shareholders			(0.4)				(0.6)					(1.2)
Cash flows from financing activities			(75.9)				(82.1)					(146.9)
Effect of exchange rate changes on cash and cash equivalents			(1.9)				0.2					0.8
Net increase in cash and cash equivalents			318.1				27.3					103.8
Cash and cash equivalents at beginning of period			522.4				418.6					418.6
Cash and cash equivalents at end of period			840.5				445.9					522.4
			US¢				US¢					US¢
Cash flow per ordinary share from operating activities			3.96				10.05					24.10