: notes to the accounts :
27. Notes to consolidated statement of cash flows
| all figures in £ millions |
1999
|
1998
|
||||
|
continuing
|
discontinued
|
total
|
continuing
|
discontinued
|
total
|
|
| a. Reconciliation of operating | ||||||
| profit to net cash inflow from | ||||||
| operating activities | ||||||
| Operating profit total |
270
|
48
|
318
|
187
|
63
|
250
|
| Share of profit of partnerships | ||||||
| and other associates |
(23)
|
(48)
|
(71)
|
(11)
|
(40)
|
(51)
|
| Depreciation charges |
82
|
|
82
|
54
|
12
|
66
|
| Goodwill amortisation |
130
|
|
130
|
12
|
|
12
|
| (Increase)/decrease in stocks |
(57)
|
|
(57)
|
43
|
1
|
44
|
| (Increase) in debtors |
(71)
|
|
(71)
|
(67)
|
5
|
(62)
|
| Increase in creditors |
127
|
|
127
|
113
|
|
113
|
| (Decrease)/increase in | ||||||
| operating provisions |
(33)
|
|
(33)
|
2
|
|
2
|
| Other and non-cash items |
8
|
|
8
|
28
|
|
28
|
|
|
|
|
||||
| Net cash inflow from operating activities |
433
|
|
433
|
361
|
41
|
402
|
|
|
|
|
||||
| Purchase of fixed assets and | ||||||
| finance leases |
(113)
|
|
(113)
|
(113)
|
(13)
|
(126)
|
| Sale of operating tangible | ||||||
| fixed assets |
24
|
|
24
|
12
|
1
|
13
|
| Dividends from partnerships and | ||||||
| other associates |
12
|
32
|
44
|
12
|
41
|
53
|
| Other |
8
|
|
8
|
25
|
2
|
27
|
|
|
|
|
||||
| Operating cash flow |
364
|
32
|
396
|
297
|
72
|
369
|
|
|
|
|
||||
Net
cash inflow for 1999 includes a £54m outflow relating to exceptional items
charged in 1999 and a £36m outflow relating to exceptional items charged
in prior years.
| all figures in £ millions |
cash
|
over-
drafts
|
sub-
total
|
short-term
deposits
|
debt due
within
one year
|
debt due
after
one year
|
finance
leases
|
total
|
| b. Analysis of net debt | ||||||||
| At 31 December 1998 |
305
|
(67)
|
238
|
40
|
(5)
|
(2,552)
|
(19)
|
(2,298)
|
| Exchange differences |
(23)
|
3
|
(20)
|
1
|
|
(30)
|
(1)
|
(50)
|
| Disposed with subsidiary |
|
|
|
|
|
|
1
|
1
|
| Debt issue costs |
|
|
|
|
|
5
|
|
5
|
| Other non-cash items |
|
|
|
|
|
(5)
|
(7)
|
(12)
|
| Net cash flow |
6
|
26
|
32
|
(1)
|
(4)
|
306
|
11
|
344
|
|
|
|
|||||||
| At 31 December 1999 |
288
|
(38)
|
250
|
40
|
(9)
|
(2,276)
|
(15)
|
(2,010)
|
|
|
|
|||||||
| At 31 December 1997 |
144
|
(23)
|
121
|
71
|
(290)
|
(609)
|
(1)
|
(708)
|
| Exchange differences |
(30)
|
1
|
(29)
|
14
|
|
10
|
|
(5)
|
| Acquired with subsidiary |
|
|
|
|
|
|
(19)
|
(19)
|
| Disposed with subsidiary |
|
|
|
|
5
|
1
|
|
6
|
| Debt issue costs |
|
|
|
|
|
21
|
|
21
|
| Other non-cash items |
|
|
|
|
|
(1)
|
|
(1)
|
| Net cash flow |
191
|
(45)
|
146
|
(45)
|
280
|
(1,974)
|
1
|
(1,592)
|
|
|
|
|||||||
| At 31 December 1999 |
305
|
(67)
|
238
|
40
|
(5)
|
(2,552)
|
(19)
|
(2,298)
|
|
|
|
|||||||
Excluding
cash and overdrafts.
Note: Finance leases are included within other creditors in the balance sheet (see note 20).
| all figures in £ millions |
1999
|
1998
|
| c. Reconciliation of net cash flow to movement in net debt | ||
| Decrease in net debt from net cash flow |
32
|
146
|
| Increase in net debt from management of liquid resources |
(1)
|
(45)
|
| Decrease/(increase) in net debt from other borrowings |
302
|
(1,694)
|
| Decrease in finance leases |
11
|
1
|
| Acquired with subsidiary |
|
(19)
|
| Disposed with subsidiary |
1
|
6
|
| Debt issue costs |
5
|
21
|
| Other non-cash items |
(12)
|
(1)
|
| Exchange differences |
(50)
|
(5)
|
|
|
|
|
| Movement in net debt in the year |
288
|
(1,590)
|
| Net debt at beginning of year |
(2,298)
|
(708)
|
|
|
|
|
| Net debt at end of year |
(2,010)
|
(2,298)
|
|
|
|
|
d. Tax paid includes £100m (1998: £3m) relating to items excluded from operating profit.
 |
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