Thorn-EMI 1995 Annual Report

Consolidated cash flow statement
for the year ended 31 March 1995
Net cash inflow from operating activltlej
Retrrns on inyestmentt and servicing of finance
Interest received 37.8
Interest paid (73.71
Interest element offinance lease rental payments (0.9)
Dividends paid to preference shareholders
of subsidiaries
Dividends paid to minorities
Dividends received from associated undertakings
Dividends paid
Net cash outflow from returns on
investments and serviclng of finance
Tax pald
Inveitlng adiYitlet
Purchase of tangible fixed assets
Sale of tangible fixed assets
Purchase of current and fixed asset investments
Sale ofcurrent and fixed asset investments
Purchase of businesses*
Disposal of businesses"
Deferred consideration received
Net cash outflow from investing activities
Net cash lnflow before financing
Flnancing
Issue of Ordinary Share capital
Net new (deposits) loans
Capital element offinance lease rental payments
Net (ash (outflow)
inflow from financlng
lncrease in cash and cash equivalents
*Net ofcash and cash equivalents
Note:T\e reconciliation of operating profit to net
cash inflow from operating activities is as follows:
Operating profit
Depreciation charge
Goodwill written offwithin operating exceptional items
Amounts provided
Provisions utilised:
Dispo'als and lundamental reorganisationr
Other
Profit before tax of associated undertakings
Decrease (increase) in working capital:
Stock
Debtors
Creditors
Net Gash inflow from operatlng actlyities