Net cash inflow from operating activities

Returns on investments and servicing of finance

Interest received

Interest paid

Interest element of finance lease rental payments
 

1,321

34

(162)

(1)

1,156

28

(116)

(6)

Net cash outflow from returns on investments and servicing of finance

Taxation Corporation tax paid (including advance corporation tax)

Capital expenditure and financial investment

Payments to acquire tangible fixed assets

Receipts from sale of tangible fixed assets
 

(129)

(237)

(1,032)

27

(94)

(238)

(805)

82

Net cash outflow for capital expenditure and financial investment

Acquisitions and disposals

Purchase of subsidiary undertakings

Sale of subsidiary undertakings

Net cash acquired with subsidiary undertakings

Net cash disposed of as part of sale of subsidiary undertakings

Purchase of interests in joint ventures
 

32

32

30

(1,005)

(184)

(4)

2

-

(69)

(723)

(649)

259

65

(2)

(32)

Net cash outflow from acquisitions and disposals

Equity dividends paid
 

(255)

(238)

(359)

(214)

Cash outflow before use of liquid resources and financing

Management of liquid resources

Increase in short term deposits

Financing

Ordinary shares issued for cash

Increase in other loans

Capital element of finance leases repaid
 

(543)

(7)

42

719

(15)

(472)

(116)

38

443

(21)

Net cash inflow from financing
 

Reconciliation of net cash flow to movement in net debt

Increase/(decrease) in cash in period

Cash inflow from increase in debt and lease financing

Loans and finance leases acquired with subsidiary

Loans and finance leases disposed of as part of sale of business

Cash used to increase liquid resources

Amortisation of 4% unsecured deep discount loan stock

Foreign exchange differences
 

196

(704)

(19)

-

7

(3)

(6)

(128)

(422)

(20)

10

116

(3)

5

Increase in net debt

Net debt at 28 February 1998
 

34

(529)

(1,191)

(442)

(749)