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  Notes to the financial statements

 

17.   Management of liquid resources 2004
   2003
   2002
  
  £m £m £m
       
 
Purchase of short-term investments and payments into short-term deposits over 3 months            
(5,306 ) (3,990 ) (7,601 )
Sale of short-term investments and withdrawals from short-term deposits over 3 months            
4,467   4,082   4,695  
Net movement of short-term investments and short-term deposits under 3 months not repayable on demand            
1,962   (1,821 ) 1,042  
 
Net cash inflow (outflow) from management of liquid resources 1,123   (1,729 ) (1,864 )
 

Movements in all short-term investments and deposits not repayable on demand are reported under the heading of management of liquid resources.

 
 

 

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