| 1 January 2004 £m |
Exchange differences £m |
On acquisition of subsidiaries (excluding cash) £m |
Other non-cash movements £m |
Cash flow £m |
31 December 2004 £m |
|
|---|---|---|---|---|---|---|
| Cash | ||||||
| Cash at bank and in hand | 673 | (11) | – | – | (251) | 411 |
| Liquid resources | ||||||
| Current asset investments | 70 | 1 | 98 | – | 32 | 201 |
| Debt financing | ||||||
| Loans due within one year | (531) | 34 | (39) | 466 | (1) | (71) |
| Loans due after more than one year | (704) | (5) | (1,330) | (437) | (646) | (3,122) |
| Convertible bonds | (200) | 13 | – | (1) | 30 | (158) |
| Total debt financing | (1,435) | 42 | (1,369) | 28 | (617) | (3,351) |
| Total net debt | (692) | 32 | (1,271) | 28 | (836) | (2,739) |