Operating cash flow (£m)

Annual growth was 20%.

5 year compound growth was 25%

• 2001 - £90 million
• 2002 - £117 million
• 2003 - £158 million
• 2004 - £150 million (£50 millon*) 
• 2005 - £232 million
• 2006 - £279 million

*exceptional pension payment