Group cash flow statement
FOR THE YEAR ENDED 31 MARCH 1996
Notes 1996
£m
1995
£m


Net cash inflow from operating activities 8 5,829 5,113

Returns on investments and servicing of finance
Interest and dividends received
207 147
(332) (396)
- (75)
(1,138) (1,065)
(20) (18)
Interest paid
Premium paid on repurchase of bonds
Dividends paid to the company’s shareholders
Dividends paid to minorities
Net cash outflow from returns on investments and servicing of finance (1,283) (1,407)

Taxation
UK corporation tax paid
(738) (1,170)
(46) (5)
Overseas tax paid
Tax paid (784) (1,175)

Investing activities
Purchase of tangible fixed assets
(2,547) (2,638)
(26) (6)
(207) (2,389)
(2,520) (2,430)
148 238
1,996 4,364
Purchase of subsidiary undertakings
Purchase of fixed asset investments
Purchase of short-term investments
Sale of fixed assets
Sale of short-term investments

Net cash outflow from investing activities (3,156) (2,861)



Net cash inflow (outflow) before financing 606 (330)

Financing 9
Issue of ordinary share capital
130 57
59 61
177 2,178
(151) (2,456)
Issue of shares to minorities
New loans
Repayment of loans

Net cash inflow (outflow) from financing 215 (160)



Increase (decrease) in cash and cash equivalents 10821 (490)



Decrease (increase) in net debt 111,319 (2,146)



Contents Next page