 |
Reconciliation of operating profit to net cash inflow from operating activities
Year ended 31 December 2003
Net cash flow
|
2003
US$m* |
|
2003
£m |
|
2002
£m |
Group operating profit before exceptional charge |
965 |
|
539 |
|
498 |
Depreciation of tangible fixed assets |
149 |
|
83 |
|
74 |
Amortisation of intangible fixed assets |
138 |
|
77 |
|
72 |
Amortisation of other fixed assets |
5 |
|
3 |
|
3 |
Loss/(profit) on sale of tangible fixed assets |
2 |
|
1 |
|
(1) |
Decrease/(increase) in debtors |
40 |
|
22 |
|
(127) |
Increase in stocks |
(27) |
|
(15) |
|
(68) |
Increase in creditors and provisions |
30 |
|
17 |
|
71 |
Decrease in net retirement benefits liability |
(27) |
|
(15) |
|
(3) |
Net cash inflow from operating activities before exceptional charge |
1,275 |
|
712 |
|
519 |
Cash outflow relating to exceptional charge |
(38) |
|
(21) |
|
- |
Net cash inflow from operating activities |
1,237 |
|
691 |
|
519 |
|
|
* |
US dollar equivalents are provided for reader convenience at the 31 December 2003 exchange rate of £1:US$1.79. |
Source: Final results 2003 news release
|