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  Pearson Annual Report 1997    

Financial Data

   
 

Consolidated statement of cash flows

For the year ended 31 December 1997

 

  1997 1996  
All Figures in Million     Note
       
Net cash inflow from operating activities 244.2 291.2 25




Interest received 35.7 45.6  
Interest paid (72.3) (76.0)  
Dividends paid to minority interests (0.5) (6.1)  
       
Returns on investments and servicing of finance (37.1) (36.5)  




Taxation (74.8) (80.8)  




Purchase of tangible fixed assets (110.3) (89.8)  
Sale of tangible fixed assets 21.7 13.2  
Purchase of investments (12.2) (33.5)  
Sale of investments 147.6 53.7  




Capital expenditure and financial investment 46.8 (56.4)  




Purchase of subsidiary undertakings (269.0) (697.9)  
Net cash aquired with subsidiary undertakings 2.8 4.5  
Purchase of associated undertakings (67.0) (36.0)  
Sale of subsidiary undertakings 54.0 307.2  
Net cash disposed with subsidiary undertakings (0.7) (5.5)  
Sale of associated undertakings 46.2 -  




Acquisitions and disposals (233.7) (427.7) 23 / 24




Equity dividends paid (106.5) (96.0)  




Net cash outflow before management
of liquid resources and financing
(161.1) (406.2)  




Disposal of asset backed securities 89.4 204.1  
Liquid resources aquired (123.3) (65.1)  
Liquid resources disposed 123.2 212.4  




Management of liquid resources 89.3 351.4 25




Issue of equity share capital 27.2 14.1  
Loan stock redemption premium - (10.3)  
Capital element of finance lease rentals (0.8) (1.1)  
US medium term notes - repayable 1999 - 157.8  
Loan stock repaid (67.6) -  
Net movement in other borrowings 183.4 (138.9)  




Financing 142.2 21.6  




Increase/(decrease) in cash in the year 70.4 (33.2) 25




1997 Annual Report
* Group summary
* Information
* Education
* Entertainment
* Investment banking
* Chairman's statement
* Chief Executive's review
* Financial Review
* Financial Policy
* Consolidated profit and loss account
* Consolidated balance sheet
* Consolidated statement of cash flows
* Statement of total recognised gains and losses
* Note of historical cost profits and losses
* Reconciliation of movements in equity shareholders' funds
* Principal subsidiaries and associates
* Five year summary
* Shareholder information
   
* Notes to the accounts
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