Vodafone 2002 Annual Report Download - page 133

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Notes to the Consolidated Financial Statements Vodafone Group Plc 131Annual Report & Accounts and Form 20-F
Consolidated statements of cash flows
The consolidated statements of cash flows prepared under UK GAAP differ in certain presentational respects from the format required under SFAS No. 95,
“Statement of Cash Flows”. Under UK GAAP, a reconciliation of profit from operations to cash flows from operating activities is presented in a note, and cash
paid for interest and income taxes are presented separately from cash flows from operating activities.
Under SFAS No. 95, cash flows from operating activities are based on net profit, including interest and income taxes, and are presented on the face of
the statement.
Summary consolidated cash flow information as presented in accordance with US GAAP:
2002 2001 2000
£m £m £m
Cash and cash equivalents was (used in)/provided by:
Operating activities 2,885 (1,853) 1,965
Investing activities (11,999) 11,995 (5,276)
Financing activities 2,089 (2,699) 3,497
Net (decrease)/increase in cash and cash equivalents (7,025) 7,443 186
Exchange movement (76) 29 (3)
Cash and cash equivalents at the beginning of year 7,661 189 6
Cash and cash equivalents at the end of year 560 7,661 189
A reconciliation between the consolidated statements of cash flows presented in accordance with UK GAAP and US GAAP is set out below:
2002 2001 2000
£m £m £m
Operating activities
Net cash inflow from operating activities (UK GAAP) 8,102 4,587 2,510
Tax paid (545) (1,585) (325)
Net interest paid (936) (47) (406)
(Decrease)/increase in short-term borrowings (3,742) (4,765) 149
Increase/(decrease) in bank overdrafts 6(43) 37
Net cash provided by/(used in) operating activities (US GAAP) 2,885 (1,853) 1,965
Investing activities
Net cash (outflow)/inflow from capital expenditure, financial investments and acquisitions and disposals
(UK GAAP) (12,138) 11,642 (5,512)
Dividends received from joint ventures and associated undertakings 139 353 236
Net cash (used in)/provided by investing activities (US GAAP) (11,999) 11,995 (5,276)
Financing activities
Net cash (outflow)/inflow from financing activities (UK GAAP) (675) (6,691) 3,867
Decrease/(increase) in short-term borrowings 3,742 4,765 (149)
Dividends paid (978) (773) (221)
Net cash provided by/(used in) financing activities (US GAAP) 2,089 (2,699) 3,497