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Notes to the
Accounts


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26 Disposals

a. Disposal of subsidiaries
All figures in £ millions 2004 2003
Intangible fixed assets - (4)
Tangible fixed assets - (3)
Stocks - (2)
Debtors (4) (9)
Creditors - 10
Net overdraft 1 1
Net assets disposed of (3) (7)
Proceeds received 2 1
Deferred consideration - 2
Costs (2) (1)
Net prior year adjustments - 1
Loss on sale (3) (4)

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b. Cash flow from disposals
All figures in £ millions 2004 2003
Cash - current year disposals 2 1
Costs paid (2) (2)
Deferred receipts and payments from prior year disposals and other amounts - (3)
Net cash outflow - (4)

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