|
| |
|
|
At
1 April
2004
£m |
|
|
Cash
flow
£m |
|
|
Acquisition
of subsidiary undertakings
£m |
|
|
Other
non-cash changes
£m |
|
|
Currency
movement
£m |
|
|
At
31 March
2005
£m |
|
|
|
|
Analysis
of net debt
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash
in hand and at bank
|
|
|
109 |
|
|
97 |
|
|
– |
|
|
– |
|
|
– |
|
|
206 |
|
|
Overnight
deposits
|
|
|
292 |
|
|
85 |
|
|
– |
|
|
– |
|
|
– |
|
|
377 |
|
|
Bank
overdrafts
|
|
|
(2 |
) |
|
– |
|
|
– |
|
|
– |
|
|
– |
|
|
(2 |
) |
|
|
| |
|
|
399 |
|
|
182 |
|
|
– |
|
|
– |
|
|
– |
|
|
581 |
|
|
Other
current asset investments
|
|
|
4,871 |
|
|
(587 |
) |
|
– |
|
|
(64 |
) |
|
– |
|
|
4,220 |
|
|
|
|
Short-term
investments and cash,
less bank overdrafts
|
|
|
5,270 |
|
|
(405 |
) |
|
– |
|
|
(64 |
) |
|
– |
|
|
4,801 |
|
|
|
|
Debt
due within one year, excluding bank overdrafts
|
|
|
(1,269 |
) |
|
1,215 |
|
|
(20 |
) |
|
(4,422 |
) |
|
– |
|
|
(4,496 |
) |
|
Debt
due after one year
|
|
|
(12,426 |
) |
|
77 |
|
|
(139 |
) |
|
4,399 |
|
|
(2 |
) |
|
(8,091 |
) |
|
|
|
Total
debt, excluding bank overdrafts
|
|
|
(13,695 |
) |
|
1,292 |
|
|
(159 |
) |
|
(23 |
) |
|
(2 |
) |
|
(12,587 |
) |
|
|
|
Net
debt
|
|
|
(8,425 |
) |
|
887 |
|
|
(159 |
) |
|
(87 |
) |
|
(2 |
) |
|
(7,786 |
) |
|
|
|
| |
| |
|
|
2005
£m |
|
|
2004
£m |
|
|
2003
£m |
|
|
|
|
Reconciliation
of net cash flow to movement in net debt
|
|
|
|
|
|
|
|
|
|
|
|
Increase
(decrease) in cash in the year
|
|
|
182 |
|
|
44 |
|
|
(19 |
) |
|
Cash
outflow from decrease in debt
|
|
|
1,292 |
|
|
2,301 |
|
|
2,515 |
|
|
Cash
(outflow) inflow from increase in liquid resources
|
|
|
(587 |
) |
|
(1,123 |
) |
|
1,729 |
|
|
|
|
Decrease
in net debt resulting from cash flows
|
|
|
887 |
|
|
1,222 |
|
|
4,225 |
|
|
Currency
and translation movements
|
|
|
(2 |
) |
|
(4 |
) |
|
(67 |
) |
|
(Increase)
decrease in net debt on acquisition or disposal of subsidiary
undertakings
|
|
|
(159 |
) |
|
(1 |
) |
|
13 |
|
|
Other
non-cash movements
|
|
|
(87 |
) |
|
(69 |
) |
|
(43 |
) |
|
|
|
Decrease
in net debt in the year
|
|
|
639 |
|
|
1,148 |
|
|
4,128 |
|
|
Net
debt at 1 April
|
|
|
(8,425 |
) |
|
(9,573 |
) |
|
(13,701 |
) |
|
|
|
Net
debt at 31 March
|
|
|
(7,786 |
) |
|
(8,425 |
) |
|
(9,573 |
) |
|
|
|
