| |
|
2004 Six months to 30 June |
|
2003 Six months to 30 June |
|
2003
Year to 31 Dec |
|
| |
Note |
£million |
|
£million |
|
£million |
|
 |
| Net cash (outflow)/inflow from operating activities |
6 |
(8.5 |
) |
(8.2 |
) |
18.3 |
|
|
| Returns on investments and servicing of finance |
|
|
|
|
|
|
|
|
| Interest received |
|
0.3 |
|
1.1 |
|
2.0 |
|
|
| Interest paid |
|
(2.0 |
) |
(1.8 |
) |
(3.6 |
) |
|
|
|
(1.7 |
) |
(0.7 |
) |
(1.6 |
) |
|
| Taxation |
|
(0.5 |
) |
(0.8 |
) |
(1.3 |
) |
|
| Capital expenditure and financial investment |
|
|
|
|
|
|
|
|
| Purchase of fixed assets |
|
(9.7 |
) |
(8.7 |
) |
(21.0 |
) |
|
| Disposal of fixed assets |
|
- |
|
0.3 |
|
0.4 |
|
|
| Disposal of properties - exceptional |
|
- |
|
1.0 |
|
1.1 |
|
|
|
|
(9.7 |
) |
(7.4 |
) |
(19.5 |
) |
|
| Acquisitions and disposals |
|
|
|
|
|
|
|
|
| Acquisition of business |
|
(34.8 |
) |
- |
|
- |
|
|
| Acquisition of businesses in prior periods |
|
- |
|
(0.4 |
) |
(0.3 |
) |
|
|
|
(34.8 |
) |
(0.4 |
) |
(0.3 |
) |
|
| Cash outflow before use of liquid resources and financing |
|
(55.2 |
) |
(17.5 |
) |
(4.4 |
) |
|
| Financing |
|
|
|
|
|
|
|
|
| Redemption of B shares |
|
(4.6 |
) |
(4.8 |
) |
(9.5 |
) |
|
| Increase/(decrease) in borrowings due within one year |
|
3.6 |
|
(0.6 |
) |
0.2 |
|
|
| Increase/(decrease) in borrowings repayable after one year |
|
65.6 |
|
15.6 |
|
(7.0 |
) |
|
| Capital element of finance lease payments |
|
- |
|
- |
|
(0.2 |
) |
|
|
|
64.6 |
|
10.2 |
|
(20.9 |
) |
|
| Management of liquid resources |
|
|
|
|
|
|
|
|
| (Increase)/decrease in cash deposits |
|
(9.0 |
) |
4.1 |
|
14.5 |
|
|
| Increase/(decrease) in cash in the period |
|
(0.4 |
) |
(3.2 |
) |
(6.4 |
) |
|
