 |
|
|
|
|
Notes and page numbers |
2000
£m |
1999
£m |
 |
| Net cash inflow from operating activities |
24 (p46) |
546.9 |
579.8 |
|
| Returns on investments and servicing of finance |
|
|
|
| Interest received |
|
3.5 |
5.4 |
| Interest paid |
|
(77.0) |
(72.7) |
| Interest element of finance lease rental payments |
|
(0.4) |
(0.6) |
|
| Net cash outflow from returns on investment and servicing of finance |
|
(73.9) |
(67.9) |
|
| Taxation |
|
|
|
| Tax paid |
|
(136.8) |
(94.6) |
| Certificates of tax deposit utilised |
|
1.6 |
1.3 |
|
| Taxation paid |
|
(135.2) |
(93.3) |
|
| Capital expenditure and financial investment |
|
|
|
| Payments for tangible fixed assets |
|
(319.3) |
(459.8) |
| Proceeds received from disposal of tangible fixed assets |
|
75.6 |
3.1 |
| Increase in own shares held by the Company |
12 (p42) |
(28.5) |
(34.4) |
|
| Net cash outflow from capital expenditure and financial investment |
|
(272.2) |
(491.1) |
|
| Acquisitions and disposals |
|
|
|
| Investment in joint venture |
|
(30.8) |
(2.3) |
| Net cash outflow from acquisitions and disposals |
|
(30.8) |
(2.3) |
|
| Equity dividends paid in cash |
|
(130.6) |
(129.7) |
|
| Net cash outflow before management of liquid resources and financing |
|
(95.8) |
(204.5) |
|
| Financing and management of liquid resources |
|
|
|
| Proceeds received from issue of share capital |
|
5.6 |
6.9 |
| Repurchase of share capital, including expenses |
|
(161.7) |
- |
| Issue of new unsecured bonds and loans |
|
251.8 |
200.0 |
| Capital element of finance lease rental payments |
|
(3.8) |
(3.0) |
|
| Net cash inflow from financing |
|
91.9 |
203.9 |
| Decrease in money market investments and deposits |
|
0.4 |
5.7 |
|
| Net cash inflow from financing and management of liquid resources |
|
92.3 |
209.6 |
|
| (Decrease)/increase in net cash |
|
(3.5) |
5.1 |
|
| The accompanying Notes 1.0 to 24.0 and statement of general accounting policies form part of this cash flow statement. |
| A summarised cash flow statement is also shown on page 31. |
The group paid more corporation tax in 2000 than in the previous year, principally as a result of the transition to payment of tax by instalments during the year under corporation tax self assessment.