| Consolidated cash flow statement
|
| |
|
2004 |
2003 (restated) |
| For the year ended 30 September 2004 |
Notes |
£m |
£m |
| Net cash inflow/(outflow) from operating activities (see below) |
|
56.7 |
(37.3) |
| Dividends from joint venture |
|
– |
52.0 |
| Returns on investments and servicing of finance |
|
|
|
| Interest received |
|
3.3 |
2.9 |
Interest paid
– normal |
|
(42.2) |
(14.0) |
| – Exceptional |
|
(5.4) |
– |
| Dividends received |
|
0.2 |
0.2 |
| |
|
(44.1) |
(10.9) |
| Taxation |
|
|
|
| UK corporation tax paid |
|
(24.1) |
(11.8) |
| Capital expenditure and financial investment |
|
|
|
| Purchase of fixed asset investments |
|
(4.5) |
– |
| Purchase of tangible fixed assets |
|
(29.8) |
(0.5) |
| Sale of fixed asset investments |
|
1.2 |
– |
| Sale of tangible fixed assets |
|
41.1 |
2.1 |
| |
|
8.0 |
1.6 |
| Acquisitions and disposals |
|
|
|
| Purchase of subsidiaries |
26 |
(2.3) |
(25.9) |
| Costs on purchase of subsidiaries |
|
– |
(0.3) |
| Cash acquired on purchase of subsidiaries |
26 |
0.2 |
74.9 |
| |
|
(2.1) |
48.7 |
| Equity dividends paid |
|
(4.2) |
(3.6) |
| Cash (outflow)/inflow before financing |
|
(9.8) |
38.7 |
| Financing |
|
|
|
| New loans raised |
24 |
726.1 |
64.0 |
| Repayment of loans |
24 |
(743.7) |
(30.2) |
| Purchase of shares |
|
(0.6) |
(1.4) |
| Issue of shares |
20 |
0.1 |
0.1 |
| Net cash (outflow)/inflow from financing |
|
(18.1) |
32.5 |
| (Decrease)/increase in cash in the year |
23 |
(27.9) |
71.2 |
