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Financial Instrument Risk (Tables)
12 Months Ended
Jun. 30, 2023
Financial Instruments [Abstract]  
Foreign currency denominated financial assets and liabilities
Foreign currency denominated financial assets and liabilities which expose the Group to currency risk are disclosed below. The amounts shown are translated into GBP at the closing rate:
30 June 2023GBP
£‘000
EUR
£‘000
USD
£‘000
RON
£‘000
Others
£‘000
TOTAL
£‘000
Financial assets
185,276 35,376 47,373 3,648 49,384 321,057 
Financial liabilities
(33,063)(7,552)(5,613)(58,804)(42,220)(147,252)
Total152,213 27,824 41,760 (55,156)7,164 173,805 
30 June 2022GBP
£‘000
EUR
£‘000
USD
£‘000
RON
£‘000
Others
£‘000
TOTAL £‘000
Financial assets181,785 33,623 58,546 4,264 30,364 308,582 
Financial liabilities(36,652)(6,202)(12,408)(56,089)(36,802)(148,153)
Total145,133 27,421 46,138 (51,825)(6,438)160,429 
Prior year comparative figures have been adjusted to include only balances that meet the definition of financial assets and liabilities, respectively, as per Note 21.
Schedule of effect of changes in foreign exchange rates
During the year ended 30 June 2023, the Sterling/RON volatility ranged from the RON strengthening against Sterling by 4% to weakening by 4%.
GBP/RON
Profit impact
£’000
Equity impact
£’000
30 June 2023%(1,201)(843)
30 June 2023(4)%1,147 804 
During the year ended 30 June 2022, the Sterling/RON volatility ranged from the RON strengthening against Sterling by 3% to weakening by 2%.
GBP/RONProfit impact
£’000
Equity impact
£’000
30 June 2022%(693)(672)
30 June 2022(2)%536 519 
Schedule of maximum exposure to credit risk The Group’s maximum exposure to credit risk is limited to the carrying amount of financial assets recognised at 30 June, as summarised below:
2023
 £’00
2022
 £’00
Trade receivables£143,336 £131,650 
Accrued income12,775 13,458 
Other financial assets243 668 
Cash and cash equivalents164,703 162,806 
Total£321,057 £308,582 
Prior year comparative figures have been adjusted to include only balances that meet the definition of financial assets.
Disclosure of maturity analysis for non-derivative financial liabilities
As at 30 June 2023, the Group’s non-derivative financial liabilities had contractual maturities (including interest payments where applicable) as summarised below:
30 June 2023Current
0 - 6 months
£’000
Current
6 - 12 months
£’000
Non-Current
1 - 5 years
£’000
Non-Current
+5 years
£’000
Lease liabilities£7,371 £7,202 £45,025 £9,416 
Trade payables5,480 — — — 
Accruals55,195 — — — 
Deferred consideration1,267 — 4,837 — 
Contingent consideration2,661 4,989 3,809 — 
Total£71,974 £12,191 £53,671 £9,416 
The undiscounted lease liabilities values are included in Note 23 and the discount impact for deferred and contingent consideration is not material.
There were no forward foreign currency options in place at 30 June 2023.
As at 30 June 2022, the Group’s non-derivative financial liabilities had contractual maturities (including interest payments where applicable) as summarised below:
30 June 2022Current
0 - 6 months
£’000
Current
6 - 12 months
£’000
Non-Current
1 - 5 years
£’000
Non-Current
+5 years
£’000
Lease liabilities£6,200 £5,698 £33,233 £10,766 
Trade payables8,214 — — — 
Accruals63,862 — — — 
Deferred consideration7,216 3,388 1,062 — 
Contingent consideration2,958 1,225 4,331 — 
Total£88,450 £10,311 £38,626 £10,766 
Prior year comparative figures have been adjusted to include only balances that meet the definition of financial liabilities.
The undiscounted lease liabilities values are included in Note 23 and the discount impact for deferred and contingent consideration is not material.