 |
| |
|
|
|
|
|
|
|
|
6 months to
30 September
2003
(unaudited)
£m |
6 months to
30 September
2002
(unaudited)
£m |
12 months to
31 March
2003
(audited)
£m |
 |
| Revenue profit before tax |
|
|
73 |
48 |
172 |
|
| Depreciation of equipment and vehicles |
|
|
3 |
3 |
7 |
|
| Tax on investment income included within income from overseas companies
|
|
|
– |
– |
(1) |
|
| Interest received by way of loan notes
|
|
|
(15) |
(15) |
(41) |
|
| Movement in other assets associated with operating activities |
|
|
(11) |
7 |
(9) |
|
| Movement in prepayments and accrued income associated with operating activities |
|
|
(13) |
(10) |
12 |
|
| Movement in accruals and deferred income associated with operating activities |
|
|
(3) |
(5) |
(15) |
|
| Movement in provisions for liabilities and charges |
|
|
(5) |
(4) |
2 |
|
|
Reversal of losses of joint ventures less distributions received |
|
|
– |
1 |
1 |
|
| Net cash inflow from operating activities |
|
|
29 |
25 |
128 |
|
|
| |
|
|
|
|
|
|
|
|
6 months to
30 September
2003
(unaudited)
£m |
6 months to
30 September
2002
(unaudited)
£m |
12 months to
31 March
2003
(audited)
£m |
|
| Increase in cash in the period
| |
|
45 |
15 |
49 |
|
| Cash flow from management of liquid resources
| |
|
162 |
122 |
(15) |
|
| Cash flow from debt financing
| |
|
13 |
142 |
143 |
|
| Cash flow from subordinated liabilities
| |
|
5 |
(5) |
(7) |
|
| Change in net debt from cash flows
| |
|
225 |
274 |
170 |
|
| Foreign exchange movements
| |
|
(17) |
– |
(46) |
|
| Non-cash changes
| |
|
(2) |
2 |
50 |
|
| Movement in net debt in the period
| |
|
206 |
276 |
174 |
|
| Net debt at start of period |
|
|
(1,015) |
(1,189) |
(1,189) |
|
|
Net debt at end of period
|
|
|
(809) |
(913) |
(1,015) |
|
|
| |
|
|
|
|
|
1 April
2003
(audited)
£m |
Cash flow
(unaudited)
£m
|
|
Exchange
movement
(unaudited)
£m |
Other
non–cash
changes
(unaudited)
£m |
30 September
2003
(unaudited)
£m |
|
| Cash and deposits repayable on demand
|
99 |
45 |
|
– |
– |
144 |
|
| Treasury bills, other loans, advances and treasury debt securities
|
712 |
162 |
|
1 |
– |
875 |
|
| Deposits and debt securities repayable within one year
|
(401) |
283 |
|
– |
(2) |
(120) |
|
| Deposits and debt securities repayable after one year
|
(1,372) |
(270) |
|
(17) |
2 |
(1,657) |
|
| Subordinated liabilities repayable after one year
|
(51) |
5 |
|
(1) |
(2) |
(49) |
|
| Finance leases
|
(2) |
– |
|
– |
– |
(2) |
|
| |
(1,015) |
225 |
|
(17) |
(2) |
(809) |
|
