The Analysis of Cash Flow Statement Item (in $million) 2020 2021 2022 Receipts from Customers 1,764.7 1,725.1 1,863.4 Payments to Suppliers and Employees -208.3 -202.5 -490.2 Dividends Received 9.0 11.8 0.0 Interest Received 14.7 16.9 0.0 Interest Paid -244.4 -283.3 -266.5 Net Operating Cashflows 1,335.7 1,267.9 1,106.7 Payment for Purchase of PPE -493.0 -503.5 -473.7 Proceeds from Sale of PPE 107.6 211.9 120.8 Payments for Purchase of Subsidiaries -528.3 -18.8 -0.7 Proceeds from Sale of Subsidiaries 0.0 0.0 487.5 Net Investing Cashflows -913.7 -310.4 133.9 Proceeds from Issues 30.9 38.0 27.5 Proceeds from Borrowings 5,147.6 6,114.7 11,119.2 Repayment of Borrowings -4,868.8 -6,305.0 -11,201.6 Dividends Paid -635.9 -712.8 -969.2 Other Financing Cashflows -111.9 -105.8 -66.6 Net Financing Cashflows -438.1 -970.8 -1,090.7 Please analyse this companys investing cash flows over 2020 to 2022. In particular, analyse why it incurred a particularly large investing cash outflow in 2020 and a positive investing cash inflow in 2022. (6 marks)

Iurred a particularly large investing cash outflow in 2020 and a positive investing cash inflow in 2022. (6 marks)