Marks and Spencer 1998 Annual Report Download - page 52

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CASH FLOW STATEMENT
1998 1997
Notes £m £m £m £m
OPERATING ACTIVITIES
Received from customers 7,974.3 7,509.5
Payments to suppliers (5,376.8) (5,109.8)
Payments to and on behalf of employees (989.3) (909.4)
Other payments (651.0) (593.2)
CASH INFLOW FROM OPERATING ACTIVITIES 28 957.2 897.1
RETURNS ON INVESTMENTS AND SERVICING OF FINANCE 29A 56.1 65.4
TAXATION 29B (342.3) (318.6)
CAPITAL EXPENDITURE AND FINANCIAL INVESTMENT 29C (777.8) (413.1)
ACQUISITIONS AND DISPOSALS 29D 2.6 (0.2)
EQUITY DIVIDENDS PAID (325.8) (305.6)
Cash outflow before management of liquid resources
and financing (430.0) (75.0)
MANAGEMENT OF LIQUID RESOURCES AND FINANCING
Management of liquid resources 29E 226.6 91.3
Financing 29F 307.4 64.7
534.0 156.0
INCREASE IN CASH 104.0 81.0
RECONCILIATION OF NET CASH FLOW TO MOVEMENT IN NET DEBT (see note 30)
1998 1997
£m £m
INCREASE IN CASH 104.0 81.0
Cash inflow from decrease in liquid resources (226.6) (91.3)
Cash inflow from increase in debt financing (258.5) (21.0)
Exchange movements 0.3 (4.2)
MOVEMENT IN NET DEBT (380.8) (35.5)
Net funds at 1 April 61.5 97.0
NET (DEBT)/FUNDS AT 31 MARCH (319.3) 61.5
CO N SOLIDATED CASH FLOW IN FO RM ATIO N
FOR THE Y EA R ENDED 31 MARCH 1998
50