Year to
31 August
2000
£m |
|
Reconciliation of operating profit to net cash inflow from operating activities |
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|
6 Months to
28 February
2001
£m |
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6 Months to
29 February
2000
£m |
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Note |
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| 420 |
|
Operating profit |
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|
|
260 |
|
|
240 |
| 54 |
|
Exceptional operating costs |
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|
6 |
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|
6 |
| 3 |
|
Goodwill amortisation |
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|
4 |
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|
- |
| 51 |
|
Depreciation |
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|
28 |
|
|
25 |
| (43) |
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Increase in stocks |
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|
(35) |
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|
(64) |
| (97) |
|
Increase in debtors |
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|
(46) |
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|
(19) |
| 39 |
|
(Decrease)/increase in creditors |
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|
(15) |
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|
(56) |
| (54) |
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Expenditure against provisions for reorganisation and restructuring costs |
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|
(26) |
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(16) |
| (1) |
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Other items |
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|
3 |
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|
- |
| |
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|
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| 372 |
|
Net cash inflow from operating activities |
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|
|
179 |
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|
116 |
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Group cash flow statement |
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|
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| 372 |
|
Net cash inflow from operating activities |
|
|
|
179 |
|
|
116 |
| 8 |
|
Dividends received from associated undertakings |
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|
3 |
|
|
3 |
| (81) |
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Returns on investments and servicing of finance |
|
8 |
|
(49) |
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|
(50) |
| 21 |
|
Taxation paid |
|
8 |
|
(32) |
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|
34 |
| (11) |
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Capital expenditure and financial investment |
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8 |
|
(44) |
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(34) |
| (217) |
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Acquisitions and disposals |
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8 |
|
(363) |
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|
(283) |
| - |
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Equity dividends paid |
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(116) |
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- |
| |
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| 92 |
|
Cash (outflow)/inflow before use of liquid resources and financing |
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|
(422) |
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(214) |
| 52 |
|
Management of liquid resources |
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|
(6) |
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|
58 |
| (68) |
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Financing - increase/(decrease) in loan capital |
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|
342 |
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(7) |
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| 76 |
|
(Decrease)/increase in cash in the period |
|
10 |
|
(86) |
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(163) |
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Reconciliation of net cash flow to movement in net debt |
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| 76 |
|
(Decrease)/increase in cash in the period |
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|
|
(86) |
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|
(163) |
| (52) |
|
Increase/(decrease) in liquid resources |
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|
|
6 |
|
|
(58) |
| 68 |
|
(Increase)/decrease in loan capital |
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|
(342) |
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7 |
| |
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| 92 |
|
Movement in net debt resulting from cash flows |
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|
(422) |
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(214) |
| (29) |
|
Exchange adjustments |
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|
(30) |
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|
38 |
| |
|
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| 63 |
|
Movement in net debt during the period |
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|
(452) |
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|
(176) |
| (1,315) |
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Opening net debt |
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(1,252) |
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(1,315) |
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| (1,252) |
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Closing net debt |
|
10 |
|
(1,704) |
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(1,491) |
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