NOTES TO
THE FINANCIAL STATEMENTS CONTINUED |
|||||
| 30. NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT | 1999 | 1998 | |||
| (restated) | |||||
| (note 1) | |||||
| £m | £m | ||||
| (A) NET CASH FLOW FROM OPERATING ACTIVITIES | |||||
| Operating profit | 538.0 | 553.0 | |||
| Exceptional items | (23.7) | (70.3) | |||
| 514.3 | 482.7 | ||||
| Depreciation and amortisation charges | 270.0 | 131.5 | |||
| Profit on sale of investments | (0.9) | ||||
| Decrease/(increase) in stocks | 57.5 | (11.6) | |||
| Decrease/(increase) in debtors | 325.6 | (135.3) | |||
| Decrease/(increase) in creditors | (152.2) | (83.7) | |||
| Increase in provisions for liabilities and charges | 25.2 | 5.7 | |||
| Net cash inflow from operating activities | 1,040.4 | 388.4 | |||
| (B) RETURNS ON INVESTMENTS AND SERVICING OF FINANCE | |||||
| Interest received | 21.5 | 88.4 | |||
| Interest paid | (126.5) | (29.4) | |||
| Interest element of finance lease rental payments | (4.0) | (5.9) | |||
| Net cash (outflow)/inflow for capital expenditure | (109.0) | 53.1 | |||
| (C) CAPITAL EXPENDITURE | |||||
| Purchase of fixed assets | (308.3) | (196.2) | |||
| Sale of fixed assets | 36.3 | 41.3 | |||
| Net cash outflow for capital expenditure | (272.0) | (154.9) | |||
| (D) FINANCIAL INVESTMENT | |||||
| Purchase of fixed asset investments | (17.9) | (23.0) | |||
| Loans to BL Universal PLC | (70.7) | ||||
| Repayment of loans by BL Universal PLC | 146.9 | 455.0 | |||
| Net cash inflow for financial investment | 58.3 | 432.0 | |||
| (E) ACQUISITIONS AND DISPOSALS | |||||
| Purchase of subsidiary undertakings (note (J)) | (1,874.4) | (249.2) | |||
| Net cash acquired with subsidiaries (note (J)) | 155.0 | 3.6 | |||
| Payment of Metromail consideration | (511.4) | ||||
| Sale of business (note (K)) | 76.2 | ||||
| Net cash outflow for acquisitions and disposals | (2,230.8) | (169.4) | |||
| (F) MANAGEMENT OF LIQUID RESOURCES | |||||
| Purchase of investments | (0.7) | (3.5) | |||
| Sale of investments | 4.3 | ||||
| Purchase of certificates of deposit | (5.0) | ||||
| (Increase)/decrease in term deposits (other than overnight deposits) | 658.0 | (128.8) | |||
| Net cash (outflow)/inflow from management of liquid resources | 652.3 | (128.0) | |||
| (G) FINANCING | |||||
| Debt due within one year | |||||
|
(40.2) | (16.8) | |||
|
1,325.1 | ||||
| Capital element of finance lease rental repayments | (38.9) | (35.8) | |||
| Net cash (outflow)/inflow from financing | 1,246.0 | (52.6) | |||