SUMMARY CASH-FLOW STATEMENT     Year ended 31 July 2003 £m Year ended 31 July 2002 (restated) £m Reconciliation of operating profit to net cash inflow from operating activities     Operating profit 379.7 333.7 Exceptional items   43.7 Operating profit before exceptional items 379.7 377.4 Goodwill amortisation and impairment 44.1 50.7 Depreciation 88.9 91.5 Retirement benefits (4.6) 29.0 Decrease/(increase) in stocks (1.6) 18.7 Decrease/(increase) in debtors (55.8) 48.5 (Decrease)/increase in creditors 15.8 (32.8) Net cash inflow from normal operating activities 466.5 583.0 Exceptional restructuring expenditure (22.8) (59.2) Net cash inflow from operating activities 443.7 523.8       Cash-flow statement     Net cash inflow from operating activities 443.7 523.8 Returns on investments and servicing of finance (26.1) (56.5) Tax paid (60.8) (52.8) Capital expenditure (86.3) (100.0)   270.5 314.5 Acquisitions and disposals (92.0) 180.9 Equity dividends paid (142.5) (139.1) Management of liquid resources 2.3 0.1 Financing (68.7) (124.3) (Decrease)/increase in cash (30.4) 232.1 Reconciliation to net debt     Net debt at 1 August (725.2) (1,119.8) (Decrease)/increase in cash (30.4) 232.1 Reduction in short-term deposits (2.3) (0.1) Decrease in other borrowings 73.4 139.8 Loan note repayments 1.2 2.0 Term debt acquired with acquisitions (13.1)   Exchange variation (18.7) 20.8 Net debt at 31 July (715.1) (725.2) The cash-flow statement for 2002 has been restated following the adoption of FRS17 – Retirement Benefits.