NATIONAL EXPRESS GROUP PLC
GROUP STATEMENT OF CASH FLOWS
For the year ended 31 December 2001

Note      
 

2001

2000
 

£m

£m
     

Net cash inflow from operating activities                                  31(a)

185.5

167.5
     

Interest received

9.5

3.1

Interest paid

(37.7)

(20.7)
Interest element of finance lease rentals
(1.0)
(1.6)

Return on investments and servicing of finance

(29.2)

(19.2)

UK corporation tax paid

(5.4)

(24.8)

Overseas tax paid

(0.6)

(1.8)
     

Taxation

(6.0)

(26.6)
     

Payments to acquire tangible assets

(102.6)

(89.3)

Receipts from sales of tangible assets

10.6

3.6
Purchase of own shares to satisfy employee share scheme
(0.7)
(1.6)

Payments to acquire other investments

(0.1)

(13.1)
     

Capital expenditure and financial investment

(92.8)

(100.4)
     
Receipts from the sale of businesses                                  15
237.6
-

Payments to acquire businesses                                           15

(8.6)

(283.0)

Cash disposed in businesses sold                                      15

(1.7)

-
Cash acquired in businesses purchased                            15
0.4
52.6

Deferred consideration for businesses acquired

(1.5)

-
     

Acquisitions and disposals

226.2

(230.4)

Equity dividends paid

(28.1)

(22.0)
Cash inflow/(outflow) before financing activities
255.6
(231.1)
Management of liquid resources    

Cash withdrawn from short term deposits

4.5

19.4
     
Financing    

Issue of share capital

3.2

4.9

Cash inflow/(outflow) from lease financing

21.2

(4.4)

Movements on bank deposits relating to loan notes

-

3.1

Loans advanced

-

187.5

Loans repaid

(241.2)

-

Net cash (outflow)/inflow from financing

(216.8)

191.1
     

Increase/(decrease) in cash                                            31(b)

43.3

(20.6)