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  Pearson Annual Report 2001    

Consolidated Statement of Cash Flows

   
 
Year ended 31 Dec 2001




all figures in millions note 2001 2000




Net cash inflow from operating activities 28 490 361




Dividends from joint ventures and associates   25 49




Interest received   31 16
Interest paid   (187) (179)
Debt issue costs   (1) (4)
Dividends paid to minority interests   (9)




Returns on investments and servicing of finance   (166) (167)




Taxation   (71) (90)




Purchase of tangible fixed assets   (165) (139)
Sale of tangible fixed assets   36 22
Purchase of investments   (35) (132)
Sale of investments   22 1




Capital expenditure and financial investment   (142) (248)




Purchase of subsidiary undertakings 26 (128) (2,276)
Net cash/(debt) acquired with subsidiary undertakings   83 (31)
Purchase of joint ventures and associates   (26) (108)
Sale of subsidiary undertakings 27 41 158
Sale of associates   1 392




Acquisitions and disposals   (29) (1,865)




Equity dividends paid   (174) (143)




Net cash outflow before management of liquid resources and financing   (67) (2,103)




Liquid resources acquired   (48) (16)
Collateral deposit reimbursed/(placed)   47 (118)




Management of liquid resources 28 (1) (134)




Issue of equity share capital   20 1,959
Capital element of finance lease rentals   (7) (10)
Loan facility advanced   473
Loan facility repaid   (521) (735)
Bonds advanced   507 411
Loan notes advanced   134
Net movement in other borrowings   3 63




Financing   2 2,295




(Decrease)/increase in cash in the year 28 (66) 58




 
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