BT 1998 Annual Report Download - page 55

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N O T E S T O T H E F I N A N C I A L S TAT E M E N T
1998 1997 1996
12. Management of liquid resources £m £m £m
))))))))))))01111110051111
Purchase of short-term investments and payments into short-term deposits over 3 months (1,103) (2,242) (2,520)
Sale of short-term investments and withdrawals from short-term deposits over 3 months 1,334 2,790 1,996
Net movement of short-term investments and short-term deposits under 3 months not
repayable on demand 2,016 (1,052) (793)
00000000000511!!!01111110051111
Net cash inflow (outflow) from management of liquid resources 2,247 (504) (1,317)
00000000000511!!!01111110051111
Movements in all short-term investments and deposits not repayable on demand are reported under the heading of
management of liquid resources.
At Other At
1 April Cash non-cash Currency 31 March
1997 flow changes movement 1998
13. Net debt £m £m £m £m £m
))))))))%!!!0111!!!0111!!!0111!!!0111!!!0111
Analysis of net debt
Cash in hand and at bank 26 36 – – 62
Overnight deposits 30 (16) – – 14
Bank overdrafts (11) (31) – – (42)
000000005!!!0111!!!0111!!!0111!!!0111!!!0111
45 (11) – – 34
Other current asset investments 2,944 (2,247) (1) 21 717
000000005!!!0111!!!0111!!!0111!!!0111!!!0111
Short-term investments and cash, less bank overdrafts 2,989 (2,258) (1) 21 751
000000005!!!0111!!!0111!!!0111!!!0111!!!0111
Debt due within one year, excluding bank overdrafts (472) (35) (334) 2 (839)
Debt due after one year (2,693) (1,567) 315 56 (3,889)
000000005!!!0111!!!0111!!!0111!!!0111!!!0111
Total debt, excluding bank overdrafts (3,165) (1,602) (19) 58 (4,728)
000000005!!!0111!!!0111!!!0111!!!0111!!!0111
Net debt (176) (3,860) (20) 79 (3,977)
000000005!!!0111!!!0111!!!0111!!!0111!!!0111
1998 1997 1996
Reconciliation of net cash flow to movement in net debt £m £m £m
))))))))))))01111110051111
Increase (decrease) in cash in the year (11) (90) 28
Cash (inflow) outflow from (increase) decrease in debt (1,602) 435 (26)
Cash (inflow) outflow from (decrease) increase in liquid resources (2,247) 504 1,317
00000000000511!!!01111110051111
Decrease (increase) in net debt resulting from cash flows (3,860) 849 1,319
Currency and translation movements 79 (47) (60)
Other non-cash movements (20) (30) (54)
00000000000511!!!01111110051111
Decrease (increase) in net debt in the year (3,801) 772 1,205
Net debt at 1 April (176) (948) (2,153)
00000000000511!!!01111110051111
Net debt at 31 March (3,977) (176) (948)
00000000000511!!!01111110051111