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Annual
review and summary financial statement 2003 |
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Summary
group cash flow statement
for the year ended 31 March 2003
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2003 |
2002 |
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£m |
£m |
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Net cash inflow from operating activities |
6,023 |
5,257 |
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Dividends from associates and joint ventures |
6 |
2 |
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Returns on investments and servicing of finance |
(1,506) |
(1,695) |
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Taxation paid |
(434) |
(562) |
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Capital expenditure and financial investment |
(2,381) |
(1,354) |
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Acquisitions and disposals |
2,842 |
5,785 |
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Equity dividends paid |
(367) |
- |
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Cash inflow before management of liquid resources and
financing |
4,183 |
7,433 |
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Management of liquid resources |
(1,729) |
(1,864) |
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Financing |
(2,473) |
(5,479) |
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(Decrease) increase in cash in the year |
(19) |
90 |
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Decrease in net debt in the year |
4,225 |
13,930 |
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Net cash inflow from operating activities
Cash receipts less payments from the group’s operating
activities.
Capital expenditure and financial investment
Cash receipts less payments from the purchase and sale of
fixed assets and investments.
Financing
Cash receipts less payments arising from loan advances or
repayments (not interest) and the issue of shares.
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Important note
This summary financial statement does not contain sufficient
information to allow for as full an understanding of the results
of the group and state of affairs of the company or the group
and of their policies and arrangements concerning directors’
remuneration as would be provided by the full Annual Report.
Shareholders who would like more detailed information may obtain
a copy of the full Annual Report for 2003 and/or future years,
free of charge, by calling our Shareholder Helpline on Freefone
0808 100 4141 (+44 121 433 4404 from outside the UK) or
can view it online at www.bt.com/investorcentre.
Forward-looking statements
Please see the cautionary statement regarding forward-looking
statements in the BT Group plc Annual Report and Form 20-F 2003.
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© BT Group
plc 2003 |
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