Carphone Warehouse 2002 Annual Report Download - page 51

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e. Management of liquid resources
2002 2001
£’000 £’000
Movement in short-term deposits –196
Net cash inflow from management of liquid resources –196
f. Financing
Net receipts from issuing shares 72 187,096
Increase (decrease) on loans 34,597 (18,488)
Net cash inflow from financing 34,669 168,608
g. Analysis of changes in net debt
At Cash At
31 March flows 30 March
2001 2002
£’000 £’000 £’000
Cash at bank and in hand 67,517 (46,833) 20,684
Overdrafts (10,423) 10,210 (213)
57,094 (36,623) 20,471
Debt due within one year (370) (10,062) (10,432)
Debt due after more than one year (178) (24,535) (24,713)
Net funds (debt) 56,546 (71,220) (14,674)
h. Reconciliation of net cash (outflow) inflow to movements in net (debt) funds
2002 2001
£’000 £’000
(Decrease) increase in cash in the period (36,623) 47,356
Cash (inflow) outflow from (increase) decrease in loans (34,597) 18,488
Cash inflow from decrease in short-term deposits –(196)
Change in net (debt) funds (71,220) 65,648
Loans acquired with subsidiary undertakings –(2,884)
Movement in net (debt) funds in the period (71,220) 62,764
Net funds (debt) brought forward 56,546 (6,218)
Net (debt) funds carried forward (14,674) 56,546
i. Acquisitions
Companies acquired in the period utilised £3.3m of the Group’s net operating cashflows, received £0.6m in respect of net returns on
investments and servicing of finance, paid £7.3m in respect of taxation and utilised £3.5m for capital expenditure.
27 Commitments under operating leases
The Group’s annual commitments under non-cancellable operating leases, all of which relate to land and buildings, are as follows:
2002 2001
£’000 £’000
Operating leases which expire:
Within one year 4,115 1,652
In two to five years 10,583 7,604
After five years 22,260 24,558
36,958 33,814
The Carphone Warehouse Group PLC Annual Report 2002 49