3i Group plc Report and accounts 2005

Notes to the accounts

Notes to the accounts list

45 Reconciliation of net cash flows to movement in net debt
  2005
£m
2004
£m
Increase/(decrease) in cash in the year 68 (2)
Cash flow from management of liquid resources 309 15
Cash flow from debt financing 59 33
Cash flow from subordinated liabilities (4) (1)
Cash flow from finance leases 1
Change in net debt from cash flows 433 45
Foreign exchange movements (23) 27
Non-cash changes 1 5
Movement in net debt in the year 411 77
Net debt at start of year (938) (1,015)
Net debt at end of year (527) (938)