RBS 2003 Annual Report Download - page 183
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181
Annual Report and Accounts 2003
Notes on the accounts
43 Reconciliation of operating profit to net cash inflow from operating activities
2003 2002 2001
£m £m £m
Operating profit 6,159 4,763 4,252
(Increase)/decrease in prepayments and accrued income (490) (657) 486
Interest on subordinated liabilities 551 659 674
Increase in accruals and deferred income 1,456 856 490
Amortisation of and provisions against investment securities 60 99 39
Provisions for bad and doubtful debts 1,461 1,286 984
Loans and advances written off net of recoveries (1,447) (973) (755)
Profit on sale of tangible fixed assets (30) (32) (55)
Profit on sale of subsidiaries and associates (63) (13) —
(Profit)/loss from associated undertakings (12) (2) 6
Profit on sale of investment securities (172) (85) (48)
Provisions for liabilities and charges 47 50 67
Provisions utilised (101) (57) (37)
Depreciation and amortisation of tangible and intangible fixed assets 1,682 1,626 1,532
Increase in value of long-term assurance business (73) (61) (55)
Net cash inflow from trading activities 9,028 7,459 7,580
Decrease/(increase) in items in the course of collection 240 547 (327)
Decrease/(increase) in treasury and other eligible bills 6,626 (1,323) (6,796)
Decrease/(increase) in loans and advances to banks 2,797 (2,756) (4,785)
Increase in loans and advances to customers (26,140) (32,670) (18,038)
(Increase)/decrease in securities (9,871) 1,799 760
(Increase)/decrease in other assets (886) (1,087) 860
(Decrease)/increase in items in the course of transmission (300) (851) 402
Increase in deposits by banks 11,188 14,512 4,604
Increase in customer accounts 15,669 19,383 11,584
Increase in debt securities in issue 7,078 3,269 11,262
(Decrease)/increase in other liabilities (168) 3,817 (3,560)
Increase in settlement balances and short positions 3,202 482 3,644
Effect of other accruals/deferrals and other non-cash movements 1,245 1,156 97
Net cash inflow from operating activities 19,708 13,737 7,287
44 Analysis of the net outflow of cash in respect of the purchase of businesses and subsidiary undertakings
2003 2002 2001
£m £m £m
Cash consideration paid (2,252) (415) (1,770)
Cash acquired 504 107 156
Net outflow of cash (1,748) (308) (1,614)