Financial Statements - Chemring Group PLC

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C H E M R I N GG R O U P P L CConsolidated Cash Flow Statementfor the year ended 31 October 2003Net cash inflow from operating activitiesReturns on investments and servicingof financeTaxationCapital expenditureAcquisitions and disposalsEquity dividends paidCash inflow/(outflow) before use ofliquid resources and financingFinancing - issue of shares- decrease in debtNoteABBBBB£000-(5,645)2003£00018,084(3,420)(686)(5,497)1,475(1,866)8,090£00054(2,111)2002£00010,056(2,899)671(10,622)(145)(1,818)(4,757)Increase/(decrease) in cashC(5,645)2,445(2,057)(6,814)Reconciliation of net cash flow tomovement in net debtIncrease/(decrease) in cashCash outflow from thedecrease in debt and lease financingChange in net debt resulting from cash flowsNew finance leasesTranslation differenceNew finance costs applied to loansAmortisation of debt finance costs2,4455,6458,090(1,153)1,964-(305)(6,814)2,111(4,703)(3,479)1,212737(102)Movement in net debtOpening net debtClosing net debt8,596(47,277)(38,681)(6,335)(40,942)(47,277)P 28
2 0 0 3 F I N A N C I A L S T A T E M E N T SNotes to the Consolidated Cash Flow Statementfor the year ended 31 October 2003A. RECONCILIATION OF OPERATING PROFIT/(LOSS) TO NET CASH FLOW FROMOPERATING ACTIVITIES2003Continuingoperations£000Discontinuedoperations£000Totaloperations£000Continuingoperations£000Discontinuedoperations£0002002Totaloperations£000Operating profit/(loss)Amortisation chargeDepreciation chargeLoss on disposal of fixed assets(Increase)/decrease in stock(Increase)/decrease in debtorsIncrease/(decrease) in creditors14,2561,2103,229-(3,215)(4,078)6,10717,509(216)-66-3753252557514,0401,2103,295-(2,840)(3,753)6,13218,0847,0067022,87327338(1,301)3149,959684-56-176463(1,282)977,6907022,92927514(838)(968)10,056B. ANALYSIS OF CASH FLOWSReturns on investments and servicing of financeInterest paidPreference dividend paidDividend from associate£0000002003£000(3,516)(4)100£0000002002£000(2,907)(4)12Net cash outflow from returns on investmentsand servicing of finance000(3,420)000(2,899)Capital expenditure and financial investmentPurchase of intangible fixed assetsPurchase of tangible fixed assets0000(1,208)(4,289)0000(990)(9,632)Net cash outflow from capital expenditure andfinancial investment000(5,497)000(10,622)Acquisitions and disposalsAcquisitions of subsidiary undertakingsNet cash acquired with subsidiary undertakingsReceipts from sale of division00000--1,47500000(243)98-Net cash inflow/(outflow) from acquisitionsand disposals0001,475000(145)FinancingIssue of ordinary share capitalCapital elements of finance lease paymentsDebt due within one year:- bank loans00(1,194)0(4,451)0-00000(427)0(1,684)054000Net cash outflow from financing(5,645)(5,645)(2,111)(2,057)P 29
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Financial Statements - Chemring Group PLC

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