Consolidated cash flow statement
Consolidated cash flow statement for the year ending 31 March 2026
| Note | 2026 拢尘 | 2025* 拢尘 | |
|---|---|---|---|
|
Operating activities |
|
|
|
|
Group deficit before taxation |
|
(103) |
(123) |
|
Depreciation, amortisation and impairment |
|
463 |
455 |
|
Difference between pension charge and cash contribution |
|
12 |
(34) |
|
Fair value impact of derivatives associated with loans |
|
(1) |
鈥� |
|
Fair value impact of other derivatives |
|
(3) |
(7) |
|
Loss/(gain) on disposal of tangible and intangible fixed assets |
|
8 |
(11) |
|
Loss/(gain) on disposal/deemed disposal of associates and joint ventures |
1 |
(1) |
|
|
Other gains and losses |
|
9 |
(2) |
|
Share of results of associates and joint ventures |
13 |
(5) |
|
|
Financing income (excluding fair value swaps) |
|
(96) |
(56) |
|
Financing costs (excluding fair value swaps) |
|
90 |
81 |
|
Increase in programme-related assets and inventories |
|
(146) |
(10) |
|
Increase in receivables and contract assets |
|
(47) |
(8) |
|
(Decrease)/increase in payables and contract liabilities |
|
(105) |
5 |
|
(Decrease)/increase in provisions |
|
(29) |
25 |
|
Cash generated from operations |
|
66 |
309 |
|
Tax received |
|
14 |
83 |
|
Net cash from operations |
|
80 |
392 |
|
Investing activities |
|
|
|
|
Interest received |
|
16 |
28 |
|
Financing income relating to swap transactions |
|
19 |
18 |
|
Dividends received from associates and joint ventures |
鈥� |
9 |
|
|
Proceeds from disposal of property, plant and equipment |
|
鈥� |
79 |
|
Proceeds from disposal of associates and joint ventures |
|
鈥� |
33 |
|
Acquisition of interests in associates and joint ventures |
|
鈥� |
(2) |
|
Acquisition of subsidiary net of cash acquired |
|
(1) |
(6) |
|
Purchases of other intangible assets |
|
(200) |
(241) |
|
Purchases of property, plant and equipment |
|
(50) |
(84) |
|
Net cash used in investing activities |
|
(216) |
(166) |
|
Financing activities |
|
|
|
|
Interest paid |
(35) |
(29) |
|
|
Proceeds from increase in borrowings |
|
145 |
292 |
|
Repayments of borrowings |
(2) |
(376) |
|
|
Proceeds from settlement of interest rate swap |
|
鈥� |
1 |
|
Payment of obligations under leases |
|
(190) |
(193) |
|
Net cash used in financing activities |
|
(82) |
(305) |
|
Net decrease in cash and cash equivalents |
|
(218) |
(79) |
|
Cash and cash equivalents at beginning of the year |
477 |
559 |
|
|
Effect of foreign exchange rate changes on cash and cash equivalents |
|
(2) |
(3) |
|
Cash and cash equivalents at the end of the year |
257 |
477 |
*The comparatives have been restated to reclassify interest on lease receivables from interest received to the movement on receivables within cash generated from operations.