|
||
|
||
|
|
| Consolidated Cash Flow Statement | |
|
for the six months ended 30th September 2004
|
|
Year to | |||||||
| Notes | 30.9.04 £ million |
30.9.03 £ million |
31.3.04 £ million |
|||||
| |
||||||||
| Cash Flow Statement | ||||||||
| Net cash inflow from operating activities | 11 | 120.9 | 142.4 | 259.7 | ||||
| Dividends received from associates | 0.1 | – | 0.5 | |||||
| Returns on investments and servicing of finance | (6.7) | (8.1) | (16.4) | |||||
| Taxation | (32.2) | (19.5) | (43.1) | |||||
| Capital expenditure and financial investment | (34.6) | (62.4) | (114.4) | |||||
| Acquisitions | (3.1) | 2.2 | (18.4) | |||||
| Disposals | 13 | 24.4 | – | – | ||||
| Equity dividends paid | (39.5) | (38.6) | (56.4) | |||||
|
|
|
|
||||||
| Net cash flow before use of liquid resources and financing | 29.3 | 16.0 | 11.5 | |||||
| Management of liquid resources | 12.0 | 10.5 | 1.1 | |||||
| Financing | ||||||||
| Issue
and purchase of share capital |
1.1 | 3.5 | (8.5) | |||||
| (Decrease)
/ increase in borrowings and finance leases |
(29.1) | (63.5) | 6.3 | |||||
|
|
|
|
||||||
| Net cash outflow from financing | (28.0) | (60.0) | (2.2) | |||||
|
|
|
|
||||||
| Increase / (decrease) in cash in the period | 13.3 | (33.5) | 10.4 | |||||
|
|
|
|
||||||
| Reconciliation of net cash flow to movement in net debt | ||||||||
| Increase / (decrease) in cash in the period | 13.3 | (33.5) | 10.4 | |||||
| Cash outflow / (inflow) from movement in borrowings and finance leases | 29.1 | 63.5 | (6.3) | |||||
| Cash inflow from movements in liquid resources | (12.0) | (10.5) | (1.1) | |||||
|
|
|
|
||||||
| Change in net debt resulting from cash flows | 30.4 | 19.5 | 3.0 | |||||
| Loan notes cancelled / (issued) to acquire subsidiaries | – | 1.1 | (1.1) | |||||
| Translation difference | 0.9 | 2.0 | 6.1 | |||||
|
|
|
|
||||||
| Movement in net debt in period | 31.3 | 22.6 | 8.0 | |||||
| Net debt at beginning of period | (394.5) | (402.5) | (402.5) | |||||
|
|
|
|
||||||
| Net debt at end of period | (363.2) | (379.9) | (394.5) | |||||
|
|
|
|
||||||
