Aviva 2002 Annual Report Download - page 103

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47– Cash flow statement continued
(d) Changes in cash during the year were:
2002 2001
£m £m
Increase/(decrease) in cash holdings 719 (69)
Foreign exchange rate movements 16 2
Changes in cash 735 (67)
Balance at 1 January 538 605
Balance at 31 December 1,273 538
(e) Non-long-term business cash included in the consolidated balance sheet comprised:
2002 2001 Changes in year
£m £m £m
Cash at bank and in hand:
General business and other activities 1,560 922 638
Banking and stockbroking –21 (21)
1,560 943 617
Bank overdrafts:
General business and other activities (287) (364) 77
Banking and stockbroking –(41) 41
(287) (405) 118
1,273 538 735
(f) Movements in opening and closing non-long-term portfolio investments were:
2002 2001
£m £m
Net (sales)/purchases of investments (747) 1,442
Net investments (divested)/acquired with subsidiary undertakings (1,826) (6,165)
Changes in market values and foreign exchange rate movements (668) (732)
Investments sold for non-cash consideration (267) –
Changes in non recourse funding (259) (219)
Net movement in opening and closing non-long-term portfolio investments (3,767) (5,674)
Balance at 1 January
Total non-long-term portfolio investments 17,769 23,224
Non-recourse funding (219) –
17,550 23,224
Balance at 31 December
Total non-long-term portfolio investments 14,261 17,769
Non-recourse funding (478) (219)
13,783 17,550
(g) Non-long-term portfolio investments included in the consolidated balance sheet comprised:
2002 2001 Changes in year
£m £m £m
Land and buildings 668 857 (189)
Other participating interests 47 25 22
Other financial investments 12,073 15,886 (3,813)
Deposits with ceding undertakings 18 152 (134)
Banking and stockbroking investments 977 630 347
13,783 17,550 (3,767)
89 Aviva plc
Annual report + accounts 2002