Carphone Warehouse 2003 Annual Report Download - page 27

Download and view the complete annual report

Please find page 27 of the 2003 Carphone Warehouse annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 44

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44

Consolidated Cash Flow Statement
For the 52 weeks ended 29 March 2003
52 weeks ended 52 weeks ended
29 March 2003 30 March 2002
Notes £’000 £’000
Net cash inflow from operating activities 77,678 29,352
Net cash (outflow) inflow from returns on investments and servicing of finance 27a (2,570) 342
Net cash inflow (outflow) from taxation 27b 1,059 (9,398)
Net cash inflow (outflow) from capital expenditure and financial investment 27c 18,244 (48,742)
Net cash outflow from acquisitions and disposals 27d (37,892) (42,846)
Net cash inflow (outflow) before financing 56,519 (71,292)
Net cash (outflow) inflow from financing 27e (42,623) 34,669
Increase (decrease) in cash in the period 13,896 (36,623)
The accompanying notes are an integral part of this consolidated cash flow statement.
Reconciliation of Net Cash Inflow from
Operating Activities to Operating Profit
2003 2002
£’000 £’000
Operating profit excluding exceptional items 37,428 31,733
Operating exceptional items – (24,863)
Operating profit 37,428 6,870
Depreciation of tangible fixed assets 31,977 26,335
Amortisation of goodwill 20,585 14,736
EBITDA 89,990 47,941
Profit on disposal of fixed assets (912) (646)
(Decrease) increase in provisions (12,229) 9,533
(Increase) decrease in stock (4,024) 2,700
(Increase) decrease in debtors (1,803) 26,422
Increase (decrease) in creditors 6,656 (56,598)
Net cash inflow from operating activities 77,678 29,352
25
The Carphone Warehouse Group PLC Annual Report 2003