 |
|
|
|
|
Consolidated cash flow statement |
|
For the year ended 31st December 2000
|
|
|
|
|
|
|
|
|
|
|
2000 |
1999 |
1998 |
|
 |
|
|
|
|
Note |
£m |
£m |
£m |
£m |
£m |
£m |
|
|
|
|
Net cash inflow/(outflow) from
operating activities |
e |
|
8,499 |
|
8,917 |
|
(1,674) |
|
Dividends received from associated undertakings |
|
|
1 |
|
5 |
|
3 |
|
Returns on investments and servicing of finance: |
|
|
Interest paid on loan capital and other |
|
|
subordinated liabilities |
|
(346) |
|
(253) |
|
(220) |
|
|
Preference dividends paid |
|
(24) |
|
(28) |
|
(25) |
|
|
Payment to Reserve Capital Instrument holders |
|
(24) |
|
– |
|
– |
|
|
Dividends paid to minority shareholders |
|
(10) |
|
(9) |
|
(7) |
|
|
Net cash outflows from returns on
investment and servicing of finance |
|
|
(404) |
|
(290) |
|
(252) |
|
Tax paid |
|
|
(636) |
|
(636) |
|
(547) |
|
Capital expenditure and financial investment: |
|
|
Capital expenditure |
|
(365) |
|
(224) |
|
(305) |
|
|
Sale of property and equipment |
|
112 |
|
58 |
|
107 |
|
|
Purchase of investment securities |
|
(14,490) |
|
(13,094) |
|
(10,866) |
|
|
Redemption of investment securities |
|
5,666 |
|
2,476 |
|
3,874 |
|
|
Sale of investment securities |
|
4,115 |
|
2,894 |
|
9,523 |
|
|
Net cash (outflow)/inflow from capital
expenditure and financial investment |
|
|
(4,962) |
|
(7,890) |
|
2,333 |
|
Acquisitions and disposals: |
|
|
Acquisition of subsidiary undertakings |
54 |
(2,421) |
|
60 |
|
(70) |
|
|
Acquisition of associated undertakings and
joint ventures |
|
– |
|
– |
|
(43) |
|
|
Sale of associated undertakings |
|
13 |
|
8 |
|
7 |
|
|
Sale of other group undertakings |
51 |
307 |
|
174 |
|
690 |
|
|
Net cash (outflow)/inflow from
acquisitions and disposals |
|
|
(2,101) |
|
242 |
|
584 |
|
Equity dividend paid: |
|
|
(1,217) |
|
(1,328) |
|
(822) |
|
|
|
|
Net cash (outflow) before financing |
|
|
(820) |
|
(980) |
|
(375) |
|
Financing: |
f |
|
|
|
|
|
|
|
Issue of Reserve Capital Instruments (net of expenses) |
|
1,350 |
|
– |
|
– |
|
|
Issue of loan capital and other subordinated liabilities
(net of expenses) |
|
861 |
|
859 |
|
962 |
|
|
Redemption/repurchase of loan capital and other
subordinated liabilities |
|
(212) |
|
(15) |
|
(240) |
|
|
Issue of ordinary shares |
|
195 |
|
214 |
|
110 |
|
|
Redemption of preference shares |
|
(149) |
|
– |
|
– |
|
|
Net cash inflow from financing |
|
|
2,045 |
|
1,058 |
|
832 |
|
|
|
|
Increase in cash |
53 |
|
1,225 |
|
78 |
|
457 |
|
|
|
