Notes  Consolidated 2014  $m  Consolidated 2013$^{(1)}$  $m  Company  2014  $m  Company  2013  $m  Cash flows used in financing activities  Proceeds from the issue of ordinary shares  28  15  3  15  3  Proceeds from non-controlling interests  103  32  –  –  Proceeds from issue of subordinated debt  359  1  600  –  Repayment of convertible preference shares subordinated  debt  (359)  (300)  –  –  Dividends and distributions paid  (787)  (540)  (755)  (509)  Payments for buyback and cancellation of ordinary shares  28  –  (251)  –  (251)  Payments for acquisition of treasury shares  28  (216)  (242)  (216)  (242)  Net cash flows used in financing activities  (885)  (1,297)  (356)  (999)  Net increase/(decrease) in cash and cash equivalents  2,461  (1,749)  –  –  Cash and cash equivalents at the beginning of the financial year  13,079  14,828  –  –  Cash and cash equivalents at the end of the financial year  30  15,540  13,079  –  –  (1)  Prior period comparatives have been restated for the effect of applying AASB 10. Refer to note 1(i) – Summary of significant accounting  policies.  The above statementsof cash flows should be read in conjunction with the accompanying notes.  101 