SUMMARY CASH-FLOW STATEMENT
Year ended
31 July 2002
£m
Year ended
31 July 2001
£m
RECONCILIATION OF OPERATING PROFIT TO NET CASH INFLOW FROM OPERATING ACTIVITIES
Operating profit
367.9
469.1
Exceptional items
43.7
133.5
OPERATING PROFIT BEFORE EXCEPTIONAL ITEMS
411.6
602.6
Goodwill amortisation and impairment
50.7
48.7
Depreciation
91.5
139.3
Decrease/(increase) in stocks
18.7
(34.4)
Decrease/(increase) in debtors
38.3
(71.7)
(Decrease)/increase in creditors
(27.8)
16.5
NET CASH INFLOW FROM NORMAL OPERATING ACTIVITIES
583.0
701.0
Restructuring costs
(59.2)
(74.2)
NET CASH INFLOW FROM OPERATING ACTIVITIES
523.8
626.8
CASH-FLOW STATEMENT
NET CASH INFLOW FROM OPERATING ACTIVITIES BEFORE MERGER COSTS
523.8
626.8
Merger costs
(54.2)
NET CASH INFLOW FROM OPERATING ACTIVITIES AFTER MERGER COSTS
523.8
572.6
Returns on investments and servicing of finance
(56.5)
(117.9)
Tax paid
(52.8)
(115.6)
Capital expenditure
(100.0)
(188.0)
314.5
151.1
Acquisitions and disposals
180.9
368.6
Equity dividends paid
(139.1)
(171.3)
Management of liquid resources
0.1
193.6
Financing
(124.3)
(448.2)
INCREASE IN CASH
232.1
93.8
RECONCILIATION TO NET DEBT
Net debt at 1 August
(1,119.8)
(1,465.7)
Increase in cash
232.1
93.8
Reduction in short-term deposits
(0.1)
(193.6)
Decrease in other borrowings
139.8
452.8
Loan note issues net of repayments
2.0
3.5
Term deposits acquired with acquisitions
19.0
Debt de-consolidated on disposals
19.1
Exchange variation
20.8
(48.7)
NET DEBT AT 31 JULY
(725.2)
(1,119.8)
