Tesco 2001 Annual Report Download - page 23

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TESCO PLC 21
GROUP CASH FLOW STATEMENT
52 weeks ended 24 February 2001
2001 2000
note £m £m
Net cash inflow from operating activities 31 1,937 1,513
Returns on investments and servicing of finance
Interest received 49 58
Interest paid (206) (188)
Interest element of finance lease rental payments (4) (1)
Net cash outflow from returns on investments and servicing of finance (161) (131)
Taxation
Corporation tax paid (272) (213)
Capital expenditure and financial investment
Payments to acquire tangible fixed assets (1,953) (1,296)
Receipts from sale of tangible fixed assets 43 85
Purchase of own shares (58) (18)
Net cash outflow from capital expenditure and financial investment (1,968) (1,229)
Acquisitions and disposals
Purchase of subsidiary undertakings (41) (61)
(Invested in)/received from joint ventures (35) 62
Net cash (outflow)/inflow from acquisitions and disposals (76) 1
Equity dividends paid (254) (262)
Cash outflow before use of liquid resources and financing (794) (321)
Management of liquid resources
Increase in short-term deposits – (68)
Financing
Ordinary shares issued for cash 88 20
Increase in other loans 928 322
New finance leases 13 29
Capital element of finance leases repaid (46) (20)
Net cash inflow from financing 983 351
Increase/(decrease) in cash 189 (38)
Reconciliation of net cash flow to movement in net debt
Increase/(decrease) in cash 189 (38)
Cash inflow from increase in debt and lease financing (895) (331)
Cash used to increase liquid resources –68
Amortisation of 4% unsecured deep discount loan stock and RPI bond (7) (4)
Other non-cash movements (8) (30)
Foreign exchange differences (23) (5)
Increase in net debt (744) (340)
Opening net debt 32 (2,060) (1,720)
Closing net debt 32 (2,804) (2,060)
Accounting policies and notes forming part of these financial statements are on pages 22 to 39.