Vodafone 2003 Annual Report Download - page 114

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Vodafone Group Plc Annual Report & Accounts and Form 20-F 2003
112
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Continued
30. Analysis of cash flows
2003 2002 2001
£m £m £m
Net cash inflow from operating activities
Operating loss (5,295) (10,377) (6,439)
Exceptional items 496 4,486 176
Depreciation 3,979 2,880 1,593
Amortisation of goodwill 11,875 10,962 9,585
Amortisation of other intangible fixed assets 53 34 24
Loss on disposal of tangible fixed assets 109 46 –
11,217 8,031 4,939
(Increase)/decrease in stocks (17) 125 15
Decrease/(increase) in debtors 198 (242) (350)
(Decrease)/increase in creditors (233) 215 67
Payments in respect of exceptional items (23) (27) (84)
11,142 8,102 4,587
Net cash outflow for returns on investments and servicing of finance
Interest received 543 259 296
Termination of hedging instruments –– 901
Dividends from investments 15 2 102
Interest paid (1,004) (1,104) (1,254)
Interest element of finance leases (14) (9) (11)
Dividends paid to minority shareholders in subsidiary undertakings (91) (84) (81)
(551) (936) (47)
Net cash outflow from financing
Issue of ordinary share capital 28 3,581 65
Issue of shares to minorities 112 44
Capital element of finance lease payments (97) (46) (9)
Debt due within one year:
Decrease in short term debt (1,366) (2,486) (407)
Repayment of debt acquired –(1,256) (7,181)
Issue of new bonds –– 2,823
Debt due after one year:
(Decrease)/increase in long term debt (1,700) 646
Repayment of debt acquired –(991) (2,072)
Issue of new bonds 2,998 505 –
(136) (675) (6,691)