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Consolidated cash flow statement
Reconciliation of net cash flow to movement in net debt
| For the year ended 31 March |
Notes
|
2003
£m |
2002
£m |
|
|||
| Net cash inflow from operating activities |
28
|
210
|
536
|
| Returns on investments and servicing of finance |
28
|
(115)
|
(170)
|
| Taxation |
28
|
(62)
|
(43)
|
| Capital expenditure and financial investment |
28
|
(76)
|
(129)
|
| Acquisitions and disposals |
28
|
1,446
|
209
|
| Equity dividends paid |
(71)
|
(217)
|
|
|
|||
| Cash inflow before use of liquid resources and financing |
1,332
|
186
|
|
| Management of liquid resources |
28
|
69
|
(104)
|
| Financing | |||
| Decrease in debt |
28
|
(1,417)
|
-
|
|
|||
| (Decrease)/increase in cash in year |
(16)
|
82
|
|
|
|||
|
|
|||
| Fro the year ended 31 March |
Notes
|
2003
£m |
2002
£m |
|
|||
| (Decrease)/increase in cash in year |
(16)
|
82
|
|
| Cash outflow from decrease in debt |
28
|
1,417
|
-
|
| Cash (inflow)/outflow from (decrease)/increase in liquid resources |
28
|
(69)
|
104
|
|
|||
| Change in net debt resulting from cash flows |
28
|
1,332
|
186
|
| Short-term deposits, loans and finance leases acquired/divested in respect of the acquisition/disposal of subsidiary undertakings |
28
|
15
|
2
|
| New finance leases |
28
|
–
|
(1)
|
| Exchange movements |
28
|
113
|
15
|
|
|||
| Movement in net debt in year |
1,460
|
202
|
|
| Net debt at beginning of year |
28
|
(3,016)
|
(3,218)
|
|
|||
| Net debt at end of year |
28
|
(1,556)
|
(3,016)
|
|
|||
|
|
|||