Consolidated profit and loss account - Stagecoach Group

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Consolidated cash flow statement Year ended 30 April 2003 Notes 2003 2002 »m »m Net cash inflow from operating activities 25 272.2 256.9 Dividends from joint ventures and associates 5.3 5.0 Returns on investments and servicing of finance Interest paid (52.6) (61.7) Interest element of hire purchase and lease finance (4.7) (7.6) Interest received 5.4 8.4 Net cash outflow from returns on investments and servicing of finance (51.9) (60.9) Taxation (7.8) (16.7) Capital expenditure and financial investment Purchase of tangible fixed assets (52.9) (82.4) Sale of tangible fixed assets 20.1 5.4 Net cash outflow from capital expenditure and financial investment (32.8) (77.0) Acquisitions and disposals Acquisition of subsidiaries 25 (10.1) (25.2) Net cash acquired with subsidiaries Nil 0.3 Purchase of goodwill (0.8) (0.1) Purchase of investments in joint ventures and associates (0.9) (1.5) Purchase of other investments Nil (0.3) Cash of disposed subsidiaries 13 Nil (0.8) Disposal of subsidiaries and other businesses 13 7.0 16.1 Disposal of other investments Nil 2.0 Net cash outflow from acquisitions and disposals (4.8) (9.5) Equity dividends paid (27.6) (49.8) Net cash inflow before financing 152.6 48.0 Financing Sale of tokens 12.9 14.8 Redemption of tokens (10.8) (13.4) Issue of share capital for cash Nil 1.3 (Increase)/decrease in collateral balances (32.1) 38.2 Decrease in borrowings (90.9) (12.2) Repayments of hire purchase and lease finance (44.4) (48.2) Net cash outflow from financing (165.3) (19.5) (Decrease)/increase in cash during the year 25 (12.7) 28.5 Free cash flow 217.8 184.3 Free cash flow per share 16.6p 14.1p Free cash flow comprises net cash inflow from operating activities, dividends from joint ventures and associates, net cash outflow from returns on investments and servicing of finance, and taxation. The accompanying notes form an integral part of this consolidated cash flow statement. 39
Consolidated statement of total recognised gains and losses Year ended 30 April 2003 2003 2002 »m »m (Loss)/profit for the financial year (525.2) 27.0 Translation differences on foreign currency net investments (26.6) (5.5) UK tax effect of translation differences on foreign currency net investments (6.4) (4.8) Share of other recognised gains and losses of associates (0.1) (0.2) Total recognised gains and losses relating to the year (558.3) 16.5 There are no recognised gains and losses of joint ventures other than the Group’s share of their profits or losses for each financial year. Reconciliation of movements in consolidated shareholders’ funds Year ended 30 April 2003 2003 2002 »m »m (Loss)/profit for the financial year (525.2) 27.0 Dividends (34.3) (34.1) (559.5) (7.1) Goodwill sold, previously written off to reserves 0.5 3.7 Other recognised gains and losses relating to the year ^ translation differences on foreign currency net investments (26.6) (5.5) ^ UK tax effect of translation differences on foreign currency net investments (6.4) (4.8) ^ share of other recognised gains and losses of associates (0.1) (0.2) Share capital issued less costs 1.7 2.9 ESOP distribution reserve decrease (1.6) (0.2) Net reduction in shareholders’ funds (592.0) (11.2) Opening shareholders’ funds 909.1 920.3 Closing shareholders’ funds 317.1 909.1 The accompanying notes form an integral part of these statements. 40
Page 1 and 2: Consolidated profit and loss accoun
Page 3: Company balance sheet As at 30 Apri
Page 7 and 8: Notes to the accounts 2003 Note 1 S
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Page 17 and 18: Notes to the accounts 2003 Note 8 D
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Consolidated profit and loss account - Stagecoach Group

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