| |
|
2000 |
|
|
1999 |
|
|
| |
£m |
|
£m |
|
£m |
|
£m |
|
|
Reconciliation of operating profit to
net cash inflow from operating activities |
|
|
|
|
|
|
|
|
|
| Operating profit |
|
|
161.1 |
|
|
|
152.0 |
|
|
| Depreciation and goodwill amortisation |
|
|
84.4 |
|
|
|
78.7 |
|
|
| Stocks (increase)/decrease |
|
|
(21.2 |
) |
|
|
3.6 |
|
|
| Debtors (increase)/decrease |
|
|
(13.3 |
) |
|
|
0.7 |
|
|
| Creditors and provisions decrease |
|
|
(10.4 |
) |
|
|
(13.8 |
) |
|
| Exceptional items |
|
|
- |
|
|
|
(3.3 |
) |
|
| Net cash inflow from operating activities |
|
|
200.6 |
|
|
|
221.2 |
|
|
| GROUP CASH FLOW STATEMENT |
|
|
|
|
|
|
|
|
|
|
Net cash inflow from operating activities
|
|
|
200.6 |
|
|
|
221.2 |
|
|
| Return on investments and servicing of finance |
|
|
(28.5 |
) |
|
|
(16.2 |
) |
|
| Taxation |
|
|
(38.3 |
) |
|
|
(30.9 |
) |
|
| Capital expenditure and financial investment |
|
|
(47.4 |
) |
|
|
(45.2 |
) |
|
| Acquisitions and disposals |
|
|
(23.4 |
) |
|
|
(268.2 |
) |
|
| Equity dividends paid |
|
|
(53.8 |
) |
|
|
(52.2 |
) |
|
| Cash flow before use of liquid
resources and financing |
|
|
9.2 |
|
|
|
(191.5 |
) |
|
| |
|
|
|
|
|
|
|
|
|
| Management of liquid resources |
|
|
(5.4 |
) |
|
|
8.2 |
|
|
| Financing |
|
|
|
|
|
|
|
|
|
| Issue of ordinary shares |
1.5 |
|
|
|
1.8 |
|
|
|
|
| (Decrease)/increase in borrowings |
(19.4 |
) |
|
|
205.8 |
|
|
|
|
| |
|
|
(17.9 |
) |
|
|
207.6 |
|
|
|
(Decrease)/increase in cash in the year
|
|
|
(14.1 |
) |
|
|
24.3 |
|
|
| |
|
|
|
|
|
|
|
|
|
| Reconciliation of net cash to
movement in net borrowings |
|
|
|
|
|
|
|
|
|
| (Decrease)/increase in cash in the year |
(14.1 |
) |
|
|
24.3 |
|
|
|
|
| Cash outflow/(inflow) from borrowings |
19.4 |
|
|
|
(205.8 |
) |
|
|
|
| Cash outflow/(inflow) from movement in liquid
resources |
5.4 |
|
|
|
(8.2 |
) |
|
|
|
| Change in borrowings resulting from cash flows |
|
|
10.7 |
|
|
|
(189.7 |
) |
|
| Borrowings assumed with acquisitions |
|
|
(5.5 |
) |
|
|
(53.6 |
) |
|
| Loan notes issued as part of acquisition |
|
|
(9.7 |
) |
|
|
(63.0 |
) |
|
| Currency translation differences |
|
|
(10.5 |
) |
|
|
4.1 |
|
|
| Movement in net borrowings in the year |
|
|
(15.0 |
) |
|
|
(302.2 |
) |
|
| Net borrowings at 1 January |
|
|
(388.0 |
) |
|
|
(85.8 |
) |
|
| Net borrowings at 31 December |
|
|
(403.0 |
) |
|
|
(388.0 |
) |
|
