National Grid 2004 Annual Report Download - page 37

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Annual Report and Accounts 2003/04_Transco plc 35
Five Year Financial Record (unaudited)
Cash flow statement
12 months 12 months 15 months 12 months 12 months
ended ended ended ended ended
31 Mar 2004 31 Mar 2003 31 Mar 2002 31 Dec 2000 31 Dec 1999
Restated Restated Restated
£m £m £m £m £m
Operating cash inflow before exceptional items 1,623 1,454 2,353 1,468 1,562
Net expenditure relating to exceptional items (136) (135) (12) (4) (31)
Net cash inflow from operating activities 1,487 1,319 2,341 1,464 1,531
Dividends from joint ventures and associates ––––3
Net cash outflow from returns on investments and servicing of financing (258) (309) (364) (383) (381)
Net cash outflow from taxation (59) (62) (240) (191) (373)
Net cash outflow from capital expenditure and financial investment (493) (605) (909) (606) (828)
Net cash flow from acquisitions and disposals –1 13 7 (667)
Equity dividends paid (70) (337) (432) (400) (348)
Net cash inflow/(outflow) before management of liquid resources 607 7 409 (109) (1,063)
Net cash inflow/(outflow) from management of liquid resources (68) (4) 55 210 9
Net cash inflow/(outflow) from financing activities (532) 20 (493) (95) 1,093
Net increase/(decrease) in cash in period 723 (29) 6 39