Vodafone 1998 Annual Report Download - page 74

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Consolidated Cash Flow
Acquisitions and disposals
Purchase of subsidiary undertakings (354.0) (122.6)
Net cash/(overdrafts) acquired with subsidiary undertakings 25.2 (77.5)
Disposal of interest in subsidiary undertaking -22.7
Purchase of interests in associated undertakings (131.3) (11.1)
Purchase of customer bases (3.5) (30.3)
Disposal of interests in associated undertakings 99.2 26.8
Net cash outflow for
acquisitions and disposals (364.4) (192.0)
Equity dividends paid (124.1) (130.0)
Cash outflow before use of liquid
resources and financing (315.1) (456.7)
Management of liquid resources
Short term deposits 10.2 (7.0)
Net cash inflow/(outflow) from management
of liquid resources 10.2 (7.0)
Financing
Issue of ordinary share capital 11.7 9.9
Issue of shares to minorities 3.2 5.7
Purchase of shares from minorities (1.1) -
Debt due within a year:
Increase in commercial paper programme 207.8 122.1
increase/(decrease) uncommitted bank facilities 87.1 (22.3)
Debt due beyond a year:
Increase/(decrease) in bank loans 98.8 (120.1)
Repayment of debt acquired (114.6) -
Issue of bond repayable in 2001 -244.9
Issue of bond repayable in 2004 -247.2
Net cash inflow from financing 292.9 487.4
(Decrease)/increase in cash in the year (12.0) 23.7
Reconciliation of net cash flow to movement
in net debt
(Decrease)/increase in cash in the year (12.0) 23.7
Cash inflow from increase in debt (279.1) (471.8)
Cash (inflow)/outflow from movement in liquid resources (10.2) 7.0
Increase in net debt resulting from cash flows (301.3) (441.1)
http://www.vodafone.com/download/investor/reports/annual98/finance/cashflow.html (2 of 3)29/03/2007 23:10:43