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## Cash flow statement 10 

## Reconciliation of operating loss to net cash outflow from operating activities 

<img src='content_image/115096.jpg'>

## Reconciliation of net funding balances with joint ventures 

<img src='content_image/115097.jpg'>

## Fixed asset investments – group 11 

## Gross equity accounted investments in joint ventures 

<img src='content_image/115098.jpg'>

The investment in joint ventures comprises the group share at the following amounts of: 

<img src='content_image/115099.jpg'>

Included within share of current assets and creditors are cash and short term investments of € 446m (2002: € 421m) and borrowings of € 2,130m (2002: € 2,520m) respectively. 

