Marks and Spencer 2000 Annual Report Download - page 44

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42 Marks and Spencer p.l.c.
Notes to the financial statements
28. ANALYSIS OF CASH FLOWS GIVEN IN THE CASH FLOW STATEM ENT (continued) THE GROUP
2000 1999
£m £m
G Financing
Increase in bank loans, overdrafts and commercial paper treated as financing 2.3 29.5
Repayment of 73⁄8% Guaranteed bonds –(150.0)
Repayment of US$ Promissory note –(268.7)
Issue of medium term notes 254.3 859.3
(Decrease)/increase in other creditors treated as financing (5.7) 12.7
Debt financing as shown in analysis of net debt (see note 29) 250.9 482.8
Shares issued under employees’ share schemes 9.4 22.2
Net cash inflow from financing 260.3 505.0
29. ANALYSIS OF NET DEBT AT 1 APRIL EXCHANGE AT 31 MARCH
1999 CASH FLOW MOVEMENT 2000
£m £m £m £m
Net cash:
Cash at bank and in hand (see note 18C) 281.5 20.5 (0.9) 301.1
Less: deposits treated as liquid resources (see below) (178.6) 18.4 0.1 (160.1)
102.9 38.9 (0.8) 141.0
Bank loans, overdrafts and commercial paper (see note 21B) (445.8) (34.0) 10.8 (469.0)
Less: amounts treated as financing (see below) 384.7 2.3 (5.0) 382.0
(61.1) (31.7) 5.8 (87.0)
Net cash per cash flow statement 41.8 7.2 5.0 54.0
Liquid resources:
Deposits included in cash (see above) 178.6 (18.4) (0.1) 160.1
Current asset investments (see note 16) 204.0 180.9 1.5 386.4
Liquid resources per cash flow statement and note 28F 382.6 162.5 1.4 546.5
Debt financing:
Bank loans, overdrafts and commercial paper treated as financing (see above) (384.7) (2.3) 5.0 (382.0)
Medium term notes (see note 21B) (1,132.2) (254.3) – (1,386.5)
Other creditors (see note 21B) (89.1) 5.7 – (83.4)
Debt financing (see note 28G) (1,606.0) (250.9) 5.0 (1,851.9)
Net debt (1,181.6) (81.2) 11.4 (1,251.4)