RWS Annual Report 2022 web - Flipbook - Page 111
Consolidated Statement of Cash Flows
for the year ended 30 September 2022
Note
2022
£m
2021
£m
83.2
55.0
Cash flows from operating activities
Profit before tax
Adjustments for:
Depreciation of property, plant and equipment
14
7.1
6.2
Amortisation of intangible assets
13
50.1
47.8
Depreciation of right-of-use assets
18
10.8
12.7
Share-based payment expense
22
3.2
1.4
8
3.1
2.4
157.5
125.5
(5.6)
(23.8)
Net finance costs
Operating cash flow before movements in working capital
(Increase) in trade and other receivables
(Decrease)/ increase in trade and other payables
(3.1)
0.3
Cash generated from operations
148.8
102.0
Income tax paid
(21.3)
(17.1)
Net cash inflow from operating activities
127.5
84.9
Net cash acquired on acquisition of SDL plc
-
55.0
Settlement of share related liabilities on acquisition of SDL plc
-
(6.4)
Cash flows from investing activities
Interest received
0.1
-
(14.1)
(1.5)
Acquisition of subsidiary, net of cash acquired
24
Purchases of property, plant and equipment
14
(5.3)
(4.1)
Purchases of intangibles (software)
13
(24.3)
(19.1)
(43.6)
23.9
(25.5)
(17.1)
(1.5)
-
Net cash (outflows)/ inflow from investing activities
Cash flows from financing activities
Repayment of borrowings
Transaction costs relating to debt refinancing
Interest paid
Lease liability payments (including interest charged of £1.3m (2021: £1.5m))
18
Proceeds from the issue of share capital
(1.4)
(0.6)
(13.1)
(12.6)
0.2
0.6
-
(0.3)
(41.9)
(36.0)
Net cash outflow from financing activities
(83.2)
(66.0)
Net increase in cash and cash equivalents
0.7
42.8
92.5
51.4
Purchase of own shares
Dividends paid
10
Cash and cash equivalents at beginning of the year
Exchange gains/(losses) on cash and cash equivalents
Cash and cash equivalents at end of the year
23
CONSOLIDATED STATEMENT OF CASH FLOWS
8.0
(1.7)
101.2
92.5
RWS — Annual Report 2022
111
