Summary financial statements

Reed Elsevier PLC
Summary consolidated cash flow statement

for the year ended 31 December 2002		 2002
 £m		 2001
£m


Net cash outflow from operating activities

Dividends received from Reed Elsevier Group plc

Returns on investments and servicing of finance

Taxation

Investment in joint venture

Equity dividends paid

    


–

135

3

(1)

–

(135)

  


(3)

127

13

(3)

(406)

(126)

    


Cash inflow/(outflow) before changes in short term investments and financing

Decrease in short term investments

Financing

    
2

–

(2) 		 
(398)

431

(33)		    

Issue of ordinary shares

Increase in net funding balances to Reed Elsevier Group plc group

     16

(18) 		  10

(43)		    

Change in net cash		    
–		  
–		    
     
1 2 3 4 5 6 i ii iii iv v vi 7
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