Reconciliation of operating profit to net cash flow from operating activities
Six months ended 30 June 2004
|
Six months ended 30 June 2004
US$m* |
 |
Six months ended 30 June 2004
£m |
|
Six months ended 30 June 2003
£m |
|
Year ended 31 Dec. 2003
£m |
Group operating profit before exceptional charge |
472 |
|
260 |
|
264 |
|
539 |
Depreciation of tangible fixed assets |
73 |
|
40 |
|
41 |
|
83 |
Amortisation of intangible fixed assets |
69 |
|
38 |
|
38 |
|
77 |
Non-cash charge in respect of employee share schemes |
2 |
|
1 |
|
1 |
|
3 |
(Profit)/loss on sale of tangible fixed assets |
(4) |
|
(2) |
|
- |
|
1 |
(Increase)/decrease in debtors |
(31) |
|
(17) |
|
48 |
|
22 |
Increase in stocks |
(423) |
|
(233) |
|
(221) |
|
(15) |
Increase in creditors and provisions |
651 |
|
359 |
|
113 |
|
17 |
Decrease in net retirement benefits liability |
(15) |
|
(8) |
|
(4) |
|
(15) |
Net cash inflow from operating activities before exceptional charge |
794 |
|
438 |
|
280 |
|
712 |
Cash outflow relating to exceptional charge |
(9) |
|
(5) |
|
- |
|
(21) |
Net cash inflow from operating activities |
785 |
|
433 |
|
280 |
|
691 |
* US dollar equivalents are provided for reader convenience at the 30 June 2004 exchange rate of £1:US$1.814.
Source: Interim results 2004 news release
|