|
 |
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| |
|
Notes |
|
2002
£m |
|
2001
£m |
|
2000
£m |
|
|
 |
|
| Net cash inflow from operating activities |
|
16 |
|
5,257 |
|
5,887 |
|
5,849 |
|
|
| Dividends from associates and joint ventures |
|
|
|
2 |
|
10 |
|
5 |
|
|
| Returns on investments and servicing of finance |
|
|
|
|
|
|
|
|
|
|
|
|
| Interest received |
|
|
|
309 |
|
293 |
|
286 |
|
|
|
| Interest paid, including finance costs |
|
|
|
(2,004 |
) |
(1,020 |
) |
(449 |
) |
|
|
|
| Net cash outflow for returns on investments and servicing of finance |
|
|
|
(1,695 |
) |
(727 |
) |
(163 |
) |
|
|
|
| Taxation |
|
|
|
|
|
|
|
|
|
|
|
|
| UK corporation tax paid |
|
|
|
(557 |
) |
(669 |
) |
(1,308 |
) |
|
|
| Non-UK tax paid |
|
|
|
(5 |
) |
- |
|
(3 |
) |
|
|
|
| Taxation paid |
|
|
|
(562 |
) |
(669 |
) |
(1,311 |
) |
|
|
|
| Capital expenditure and financial investment |
|
|
|
|
|
|
|
|
|
|
| Purchase of intangible fixed assets |
|
|
|
- |
|
(4,208 |
) |
- |
|
|
|
|
|
| Purchase of tangible fixed assets |
|
|
|
(4,069 |
) |
(4,756 |
) |
(3,568 |
) |
|
|
| Sale of tangible fixed assets |
|
|
|
2,645 |
|
440 |
|
143 |
|
|
|
| Purchase of fixed asset investments |
|
|
|
(37 |
) |
(93 |
) |
(373 |
) |
|
|
| Disposal of fixed asset investments |
|
|
|
107 |
|
175 |
|
46 |
|
|
|
|
| Net cash outflow for capital expenditure and financial investment |
|
|
|
(1,354 |
) |
(8,442 |
) |
(3,752 |
) |
|
|
| Acquisitions and disposals |
|
|
|
|
|
|
|
|
|
|
|
|
| Purchase of subsidiary undertakings, net of £nil cash acquired (2001 - £101m, 2000 - £69m) |
|
|
|
(896 |
) |
(11,215 |
) |
(4,065 |
) |
|
|
| Investments in joint ventures |
|
|
|
(235 |
) |
(3,214 |
) |
(933 |
) |
|
|
| Investments in associates |
|
|
|
- |
|
(72 |
) |
(2,167 |
) |
|
|
| Repayment of loans to joint ventures |
|
|
|
- |
|
- |
|
550 |
|
|
|
| Disposal of subsidiary undertakings, net of £28m cash disposed (2001 - £nil, 2000 - £8m) |
|
|
|
1,959 |
|
245 |
|
206 |
|
|
|
| Sale of investments in joint ventures and associates |
|
|
|
4,957 |
|
502 |
|
4 |
|
|
|
|
| Net cash inflow (outflow) for acquisitions and disposals |
|
|
|
5,785 |
|
(13,754 |
) |
(6,405 |
) |
|
| Equity dividends paid |
|
|
|
- |
|
(1,432 |
) |
(1,364 |
) |
|
|
|
| Cash inflow (outflow) before management of liquid resources and financing |
|
|
|
7,433 |
|
(19,127 |
) |
(7,141 |
) |
|
| Management of liquid resources |
|
17 |
|
(1,864 |
) |
(480 |
) |
1,236 |
|
|
| Financing |
|
|
|
|
|
|
|
|
|
|
|
|
| Issue of ordinary share capital |
|
|
|
6,057 |
|
149 |
|
127 |
|
|
|
| Issue of shares to minorities |
|
|
|
- |
|
36 |
|
432 |
|
|
|
| Inflow on demerger of mmO2 |
|
19 |
|
440 |
|
- |
|
- |
|
|
|
| New loans |
|
|
|
30 |
|
14,552 |
|
1,473 |
|
|
|
| Repayment of loans |
|
|
|
(1,851 |
) |
(225 |
) |
(587 |
) |
|
|
| Net increase (decrease) in short-term borrowings |
|
|
|
(10,155 |
) |
5,223 |
|
4,514 |
|
|
|
|
| Net cash inflow (outflow) from financing |
|
|
|
(5,479 |
) |
19,735 |
|
5,959 |
|
|
|
|
| Increase in cash in the year |
|
|
|
90 |
|
128 |
|
54 |
|
|
|
|
| Decrease (increase) in net debt in the year |
|
19 |
|
13,930 |
|
(18,942 |
) |
(6,582 |
) |
|
|
|
|
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