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CONSOLIDATED STATEMENT OF CASH FLOWS - GBP (£)
£ in Thousands
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Operating activities      
Profit for the year £ 94,163 £ 83,093 £ 43,450
Income tax charge 20,000 19,286 10,918
Non-cash adjustments 49,165 53,799 54,850
Tax paid (22,737) (14,033) (3,120)
UK research and development credit received 0 344 2,930
Net changes in working capital (16,073) (21,770) (21,360)
Net cash from operating activities 124,518 120,719 87,668
Investing activities      
Purchase of non-current assets (tangibles and intangibles) (13,674) (13,967) (5,429)
Proceeds from disposal of non-current assets 187 272 193
Payment for acquisition of subsidiary, net of cash acquired (79,691) (10,364) (101,258)
Other acquisition related settlements (21,179) 0 0
Interest received 3,506 184 84
Net cash used in investing activities (110,851) (23,875) (106,410)
Financing activities      
Proceeds from sublease 439 560 565
Repayment of lease liabilities (13,488) (13,805) (11,828)
Grant received 494 139 228
Interest and debt financing costs paid (4,011) (885) (911)
Proceeds from exercise of options 5,568 8,913 26
Net cash used in financing activities (10,998) (5,078) (11,920)
Net change in cash and cash equivalents 2,669 91,766 (30,662)
Cash and cash equivalents at the beginning of the year 162,806 69,884 101,327
Net foreign exchange differences (772) 1,156 (781)
Cash and cash equivalents at the end of the year £ 164,703 £ 162,806 £ 69,884