| |
|
|
Year to |
| |
|
30.9.03 |
30.9.02 |
31.3.03 |
| |
|
£ million |
restated
£ million |
restated
£ million |
| |
|
|
|
|
| |
|
|
|
| |
Operating profit |
93.0 |
86.2 |
167.6 |
| |
Depreciation and amortisation charges |
41.0 |
29.9 |
68.1 |
| |
(Profit) / loss on disposal of tangible fixed
assets and investments |
(0.9) |
(0.1) |
0.5 |
| |
Pension contributions less than / (in excess
of) operating charge |
6.1 |
8.7 |
(6.7) |
| |
Increase in owned stocks |
(13.7) |
(3.6) |
(7.7) |
| |
(Increase) / decrease in debtors |
(1.1) |
(1.6) |
13.9 |
| |
Increase / (decrease) in creditors and provisions |
18.0 |
(3.8) |
(5.8) |
| |
|
|
|
|
| |
Net cash inflow from operating activities |
142.4 |
115.7 |
229.9 |
| |
|
|
|
|
| |
|
|
|
| |
Net cash inflow from operating activities |
142.4 |
115.7 |
229.9 |
| |
Dividends received from associates |
– |
– |
0.1 |
| |
Returns on investments and servicing of finance |
(8.1) |
(4.7) |
(13.4) |
| |
Taxation |
(19.5) |
(18.7) |
(42.4) |
| |
Capital expenditure and financial investment |
(62.4) |
(58.3) |
(124.7) |
| |
Acquisitions |
2.2 |
0.1 |
(271.2) |
| |
Disposals |
– |
0.9 |
22.4 |
| |
Equity dividends paid |
(38.6) |
(37.1) |
(54.0) |
| |
|
|
|
|
| |
Net cash flow before use of liquid resources
and financing |
16.0 |
(2.1) |
(253.3) |
| |
Management of liquid resources |
10.5 |
12.3 |
1.0 |
| |
Financing |
|
|
|
| |
 Issue
and purchase of share capital |
3.5 |
1.7 |
2.8 |
| |
(Decrease)
/ increase in borrowings and finance leases |
(63.5) |
2.4 |
259.7 |
| |
|
|
|
|
| |
Net cash (outflow) / inflow from financing |
(60.0) |
4.1 |
262.5 |
| |
|
|
|
|
| |
(Decrease) / increase in cash in the period |
(33.5) |
14.3 |
10.2 |
| |
|
|
|
|
| |
|
|
|
| |
(Decrease) / increase in cash in the period |
(33.5) |
14.3 |
10.2 |
| |
Cash outflow / (inflow) from movement in borrowings
and finance leases |
63.5 |
(2.4) |
(259.7) |
| |
Cash inflow from movements in liquid resources |
(10.5) |
(12.3) |
(1.0) |
| |
|
|
|
|
| |
Change in net debt resulting from cash flows |
19.5 |
(0.4) |
(250.5) |
| |
Borrowings acquired with subsidiaries |
– |
– |
(0.4) |
| |
Loans notes cancelled / (issued) to acquire subsidiaries |
1.1 |
(6.8) |
(6.8) |
| |
Translation difference |
2.0 |
16.8 |
14.2 |
| |
|
|
|
|
| |
Movement in net debt in period |
22.6 |
9.6 |
(243.5) |
| |
Net debt at beginning of period |
(402.5) |
(159.0) |
(159.0) |
| |
|
|
|
|
| |
Net debt at end of period |
(379.9) |
(149.4) |
(402.5) |
| |
|
|
|
|
| |
|
|
|
|
