Vodafone 1999 Annual Report Download - page 52

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Consolidated Cash Flow for the year ended 31 March 1999
Consolidated Cash Flow
for the year ended 31 March 1999
1999 1998
Note £m £m
Net cash inflow from operating activities 25 1,045.2 886.4
Dividends received from associated undertakings 2.9 2.9
Net cash outflow for returns on investments and servicing of finance 25 (89.8) (43.4)
Taxation (194.6) (162.9)
Net cash outflow for capital expenditure and financial investment 25 (688.4) (509.6)
Net cash outflow for acquisitions and disposals 25 (316.8) (364.4)
Equity dividends paid (118.5) (124.1)
–––––––– ––––––––
Cash outflow before management of liquid resources and financing (360.0) (315.1)
Management of liquid resources
Short term deposits 0.4 10.2
Financing
Issue of ordinary share capital 10.6 11.7
Issue of shares to minorities –3.2
Purchase of shares from minorities (17.7) (1.1)
Debt due within one year:
(Decrease)/increase in commercial paper programme (130.3) 207.8
(Decrease)/increase in uncommitted bank borrowings (0.1) 87.1
Debt due after more than one year:
Increase in bank loans 489.8 98.8
Repayment of debt acquired –(114.6)
–––––––– ––––––––
Net cash inflow from financing 352.3 292.9
–––––––– ––––––––
Decrease in cash in the year (7.3) (12.0)
Reconciliation of net cash flow to movement in net debt
Decrease in cash in the year (7.3) (12.0)
Cash inflow from increase in debt (359.4) (279.1)
Cash inflow from decrease in liquid resources (0.4) (10.2)
–––––––– ––––––––
Increase in net debt resulting from cash flows (367.1) (301.3)
Debt acquired on acquisition of subsidiary undertaking –(119.8)
Deferred consideration on acquisition of associated undertaking –(21.4)
Accrued interest on discounted financial instruments (4.7) (3.0)
New finance leases (0.2) –
Translation difference (19.0) 9.1
–––––––– ––––––––
Increase in net debt in the year (391.0) (436.4)
Opening net debt (1,117.0) (680.6)
–––––––– ––––––––
Closing net debt 26 (1,508.0) (1,117.0)
http://www.vodafone.com/download/investor/reports/annual99/consolidated_cash_flow.htm (1 of 2)30/03/2007 00:10:12