Consolidated cash flow statement

Year ended 31 March 2023

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  2023
£m
2022
£m
Cash generated from operations 37.7 23.6
Income taxes paid (7.7) (6.5)
Interest paid (5.5) (2.5)
Net cash generated from operating activities 24.5 14.6
Cash flows from investing activities    
Purchase of property, plant and equipment and intangible assets (6.0) (5.4)
Acquisition of subsidiary undertakings net of cash acquired (78.3)
Net cash used in investing activities (84.3) (5.4)
Cash flows from financing activities    
Proceeds from issue of ordinary share capital 18.1 0.1
Principal element of lease payments (4.6) (4.7)
Drawdown of borrowings 114.0 25.0
Repayment of borrowings (54.0) (23.0)
Dividends paid to the Company’s shareholders (9.2) (9.1)
Net cash generated from/(used in) financing activities  64.3 (11.7)
Net increase/(decrease) in cash and cash equivalents 4.5 (2.5)
Cash and cash equivalents at the beginning of the year 27.4 28.3
Exchange movements on cash and cash equivalents (2.9) 1.6
Cash and cash equivalents at the end of the yearr 29.0 27.4