Preliminary results for the year ended 29 January 2011
Notes to the consolidated financial statement
11. Net casch/(debt)
| £ millions | 2010/11 | 2009/10 |
|---|---|---|
| Cash and cash equivalents | 731 | 1,260 |
| Bank overdrafts | (95) | (125) |
| Cash and cash equivalents and bank overdrafts | 636 | 1,135 |
| Bank loans | (104) | (154) |
| Medium Term Notes and other fixed term debt | (504) | (1,186) |
| Financing derivatives | 56 | 20 |
| Finance leases | (70) | (65) |
| Net cash/(debt) | 14 | (250) |
| £ millions | 2010/11 | 2009/10 |
| Net debt at beginning of year | (250) | (1,004) |
| Net (decrease)/increase in cash and cash equivalents and bank overdrafts | (490) | 174 |
| Repayment of bank loans | 57 | 130 |
| Repayment of Medium Term Notes and other fixed term debt | 696 | 500 |
| Receipt on financing derivatives | (6) | (78) |
| Capital element of finance lease rental payments | 12 | 14 |
| Cash flow movement in net debt | 269 | 740 |
| Exchange differences and other non-cash movements | (5) | 14 |
| Net cash/(debt) at end of year | 14 | (250) |
