Tesco 1998 Annual Report Download - page 21

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Group cash flow statement
1 9
53 weeks ended 28 February 1998
Net cash inflow from operating activities
Returns on investments and servicing of finance
Interest received
Interest paid
Interest element of finance lease rental payments
Net cash outflow from returns on investments and servicing of finance
Taxation Corporation tax paid (including advance corporation tax)
Capital expenditure and financial investment
Payments to acquire tangible fixed assets
Receipts from sale of tangible fixed assets
Increase in fixed asset investments
Net cash outflow for capital expenditure and financial investment
Acquisitions and disposals
Purchase of subsidiary undertakings
Net cash acquired with subsidiary
Sale of subsidiary undertakings
Net cash disposed of as part of sale of subsidiary undertakings
Purchase of interests in associated undertakings
Net cash outflow from acquisitions and disposals
Equity dividends paid
Cash (outflow)/inflow before use of liquid resources and financing
Management of liquid resources
Increase in short term deposits
Financing
Ordinary shares issued for cash
Redemption of E.C.S.C. loans 1996
Increase in other loans
Capital element of finance leases repaid
Net cash inflow/(outflow) from financing
Decrease in cash in the period
Reconciliation of net cash flow to movement in net debt
Decrease in cash in period
Cash (inflow)/outflow from (increase)/decrease in debt and lease financing
Loans and finance leases acquired with subsidiary
Loans and finance leases disposed of as part of sale of business
Cash used to increase liquid resources
Amortisation of 4% unsecured deep discount loan stock
Foreign exchange differences
(Increase)/decrease in net debt
Net debt at 22 February 1997
Net debt at 28 Februar y 1998
Note
30
31
31
32
32
29
33
33
1998
£m
1,156
28
(116)
(6)
(94)
(238)
(805)
82
–
(723)
(649)
65
259
(2)
(32)
(359)
(214)
(472)
(116)
38
–
443
(21)
460
(128)
(128)
(422)
(20)
10
116
(3)
5
(442)
(749)
(1,191)
1997
£m
1,219
44
(84)
(7)
(47)
(228)
(703)
91
12
(600)
(112)
3
–
–
(17)
(126)
(194)
24
(29)
31
(74)
60
(18)
(1)
(6)
(6)
32
–
–
29
(3)
12
64
(813)
(749)
Accounting policies and notes forming part of these financial statements are on pages 20 to 39.