|
| |
|
|
Notes |
|
|
2005
£m |
|
|
2004
£m |
|
|
2003
£m |
|
|
|
Net cash inflow from operating activities |
|
|
13 |
|
|
5,898 |
|
|
5,389 |
|
|
6,023 |
|
Dividends from associates and joint ventures |
|
|
|
|
|
2 |
|
|
3 |
|
|
6 |
|
Returns on investments and servicing of finance |
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest received |
|
|
|
|
|
374 |
|
|
673 |
|
|
231 |
|
Interest paid, including finance costs |
|
|
|
|
|
(1,252 |
) |
|
(1,200 |
) |
|
(1,737 |
) |
Net cash outflow for returns on investments and servicing of finance |
|
|
|
|
|
(878 |
) |
|
(527 |
) |
|
(1,506 |
) |
|
|
Taxation |
|
|
|
|
|
|
|
|
|
|
|
|
|
UK corporation tax paid |
|
|
|
|
|
(319 |
) |
|
(305 |
) |
|
(425 |
) |
Non-UK tax paid |
|
|
|
|
|
(13 |
) |
|
(12 |
) |
|
(9 |
) |
Taxation paid |
|
|
|
|
|
(332 |
) |
|
(317 |
) |
|
(434 |
) |
|
|
Capital expenditure and financial investment |
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchase of tangible fixed assets |
|
|
|
|
|
(3,056 |
) |
|
(2,684 |
) |
|
(2,580 |
) |
Sale of tangible fixed assets |
|
|
|
|
|
111 |
|
|
76 |
|
|
94 |
|
Purchase of fixed asset investments |
|
|
|
|
|
(2 |
) |
|
(1 |
) |
|
(1 |
) |
Disposal of fixed asset investments |
|
|
|
|
|
539 |
|
|
132 |
|
|
106 |
|
Net cash outflow for capital expenditure and financial investment |
|
|
|
|
|
(2,408 |
) |
|
(2,477 |
) |
|
(2,381 |
) |
|
|
Free cash flow before acquisitions, disposals and dividends |
|
|
|
|
|
2,282 |
|
|
2,071 |
|
|
1,708 |
|
Acquisitions and disposals |
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchase of subsidiary undertakings, net of £208m cash acquired
(2004 – £1m, 2003 – £13m) |
|
|
|
|
|
(426 |
) |
|
(32 |
) |
|
56 |
|
Investments in joint ventures |
|
|
|
|
|
(27 |
) |
|
(29 |
) |
|
(133 |
) |
Disposal of subsidiary undertakings |
|
|
|
|
|
– |
|
|
– |
|
|
3 |
|
Sale of investments in joint ventures and associates |
|
|
|
|
|
35 |
|
|
1 |
|
|
2,916 |
|
Net cash (outflow) inflow for acquisitions and disposals |
|
|
|
|
|
(418 |
) |
|
(60 |
) |
|
2,842 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity dividends paid |
|
|
|
|
|
(784 |
) |
|
(645 |
) |
|
(367 |
) |
|
|
Cash inflow before management of liquid resources and financing |
|
|
|
|
|
1,080 |
|
|
1,366 |
|
|
4,183 |
|
Management of liquid resources |
|
|
14 |
|
|
587 |
|
|
1,123 |
|
|
(1,729 |
) |
Financing |
|
|
|
|
|
|
|
|
|
|
|
|
|
Issue of ordinary share capital |
|
|
|
|
|
– |
|
|
– |
|
|
42 |
|
Amounts received in respect of employee share plans |
|
|
|
|
|
2 |
|
|
– |
|
|
– |
|
Repurchase of ordinary share capital |
|
|
|
|
|
(195 |
) |
|
(144 |
) |
|
– |
|
New loans |
|
|
|
|
|
5 |
|
|
1,326 |
|
|
20 |
|
Repayment of loans |
|
|
|
|
|
(1,297 |
) |
|
(3,627 |
) |
|
(2,471 |
) |
Net decrease in short-term borrowings |
|
|
|
|
|
– |
|
|
– |
|
|
(64 |
) |
Net cash outflow from financing |
|
|
|
|
|
(1,485 |
) |
|
(2,445 |
) |
|
(2,473 |
) |
|
|
Increase (decrease) in cash in the year |
|
|
|
|
|
182 |
|
|
44 |
|
|
(19 |
) |
|
|
Decrease in net debt in the year resulting from cash flows |
|
|
16 |
|
|
887 |
|
|
1,222 |
|
|
4,225 |
|
|
|
|
