BT 2000 Annual Report Download - page 73

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15. Net debt
At
1 April
1999
£m
Cash flow
£m
Acquisition
or disposal
of subsidiary
undertakings
£m
Other
non-cash
changes
£m
Currency
movement
£m
At
31 March
2000
£m
Analysis of net debt
Cash in hand and at bank 102 151 ± ± ± 253
Overnight deposits 26 15 ± ± ± 41
Bank overdrafts (26) (112) ± ± ± (138)
102 54 ± ± ± 156
Other current assets investments 3,252 (1,236) ± (5) (1) 2,010
Short-term investments and cash, less bank overdrafts 3,354 (1,182) ± (5) (1) 2,166
Debt due within one year, excluding bank overdrafts (921) (3,968) (348) (199) (76) (5,512)
Debt due after one year (3,386) (1,432) (623) 134 (47) (5,354)
Total debt, excluding bank overdrafts (4,307) (5,400) (971) (65) (123) (10,866)
Net debt (953) (6,582) (971) (70) (124) (8,700)
2000
£m
1999
£m
1998
£m
Reconciliation of net cash ¯ow to movement in net debt
Increase (decrease) in cash in the year 54 67 (11)
Cash (in¯ow) out¯ow from (increase) decrease in debt (5,400) 632 (1,602)
Cash (in¯ow) out¯ow from (decrease) increase in liquid resources (1,236) 2,447 (2,247)
Decrease (increase) in net debt resulting from cash ¯ows (6,582) 3,146 (3,860)
Currency and translation movements (124) (2) 79
Debt assumed on acquisitions (971) (94) ±
Other non-cash movements (70) (26) (20)
Decrease (increase) in net debt in the year (7,747) 3,024 (3,801)
Net debt at 1 April (953) (3,977) (176)
Net debt at 31 March (8,700) (953) (3,977)
16. Intangible assets
Gross book
value
£m
Amortisation
£m
Net book
value
£m
Goodwill
At 1 April 1999 742 ± 742
Additions 5,699 ± 5,699
Disposals and transfers (571) ± (571)
Currency movements (6) ± (6)
Charge for the year ± (89) (89)
At 31 March 2000 5,864 (89) 5,775
Other intangibles ± acquisitions of subsidiary undertakings 3 (1) 2
Total 5,867 (90) 5,777
Notes to the financial statements
72 Annual report and Form 20-F