Carphone Warehouse 2002 Annual Report Download - page 50

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48 The Carphone Warehouse Group PLC Annual Report 2002
24 Reconciliation of movements in shareholders’ funds
Group Company
Restated
2002 2001 2002 2001
£’000 £’000 £’000 £’000
(Loss) profit for the financial period (28,262) 34,836 23,500 628
Currency translation (302) (383) (169) (432)
Issue of share capital 3,002 356,468 3,072 356,468
Other movements –(1,676) ––
Net movements in shareholders’ funds (25,562) 389,245 26,403 356,664
Opening shareholders’ funds as previously stated 436,758 44,190 357,748 1,084
Prior period adjustments (3,941) (618) ––
Opening shareholders’ funds as restated 432,817 43,572 357,748 1,084
Closing shareholders’ funds 407,255 432,817 384,151 357,748
25 Equity minority interests
Equity
interests
Group £’000
At 31 March 2001 1,687
Minority interests’ share of profits or losses in the period (915)
At 30 March 2002 772
26 Analysis of cash flows
a. Returns on investments and servicing of finance
2002 2001
Group £’000 £’000
Interest received 5,711 6,015
Interest paid (5,369) (3,630)
Net cash inflow from returns on investments and servicing of finance 342 2,385
b. Taxation
Corporation tax paid (9,398) (6,991)
Net cash outflow from taxation (9,398) (6,991)
c. Capital expenditure and financial investment
Payments to acquire fixed asset investments (604) (35,326)
Payments to acquire tangible fixed assets (41,377) (73,975)
Payments to acquire short-term investments (9,863) (35,230)
Receipts from sale of tangible fixed assets 3,102 2,844
Net cash outflow from capital expenditure and financial investment (48,742) (141,687)
d. Acquisitions and disposals
Purchase of subsidiary undertakings (56,287) (39,078)
Net cash acquired with subsidiary undertakings 13,441 3,746
Sale of subsidiary undertakings –16,514
Net cash outflow from acquisitions and disposals (42,846) (18,818)
Notes to the financial statements continued