Section content
- Consolidated statement of total return
- Reconciliation of movement in shareholders' funds
- Consolidated revenue statement
- Consolidated balance sheet
- Parent company balance sheet
- Consolidated cash flow statement
- Accounting policies
- Notes to the accounts
- Principal subsidiary undertakings
Consolidated cash flow statement
| Notes | 2005 £m |
2004 (as restated)* £m |
||
|---|---|---|---|---|
Operating activities |
||||
| Interest received and similar income arising from debt securities and other fixed income securities held as financial fixed asset investments |
64 | 66 | ||
| Other interest received and similar income | 46 | 35 | ||
| Dividends received from equity shares | 103 | 93 | ||
| Fees and other net cash receipts | ||||
| - revenue | 38 | 41 | ||
| - capital | 18 | 5 | ||
| Administrative expenses paid | ||||
| - revenue | (74) | (53) | ||
| - capital | (94) | (91) | ||
| Additional pension contributions | (60) | (13) | ||
Net cash inflow from operating activities |
43 | 41 | 83 | |
Returns on investment and servicing of finance |
||||
| Interest paid on borrowings | ||||
| - revenue | (56) | (59) | ||
| - capital | (25) | (42) | ||
Net cash flow from returns on investment and servicing of finance |
(81) | (101) | ||
Taxation paid |
(1) |
(2) |
||
Capital expenditure and financial investment |
||||
| Investment in equity shares, fixed income shares and loans | (719) | (756) | ||
| Sale, repayment or redemption of equity shares, fixed income shares and loan investments | 1,287 | 913 | ||
| Purchase of tangible fixed assets | (4) | (2) | ||
| Sale of tangible fixed assets | 1 | 1 | ||
Net cash flow from capital expenditure and financial investment |
565 | 156 | ||
Acquisitions and disposals |
||||
| Investment in joint ventures | - | (25) | ||
| Divestment or repayment of interests in joint ventures | 14 | 25 | ||
Net cash flows from acquisitions and disposals |
14 | - | ||
Equity dividends paid |
(85) |
(83) |
||
Management of liquid resources |
47 |
(309) |
(15) |
|
Net cash flow before financing |
144 |
38 |
||
Financing |
||||
| Debt due within one year | 46 | (67) | (232) | |
| Debt due after more than one year | 46 | 11 | 200 | |
| Issues of shares | 44 | 5 | 12 | |
| Own shares | (25) | (20) | ||
Net cash flow from financing |
(76) | (40) | ||
Increase/(decrease) in cash |
46 |
68 |
(2) |
|
| *As restated to reflect the adoption of FRS 17 - Retirement Benefits and UITF 38 - Accounting for ESOP Trusts. See Basis of preparation. | ||||