RWS AR 23 Final Single pages - Flipbook - Page 115
Consolidated Statement of Cash Flows
for the year ended 30 September 2023
Note
2023
£m
2022
£m
(10.9)
83.2
Cash 昀氀ows from operating activities
(Loss)/ pro昀椀t before tax
Adjustments for:
Depreciation of property, plant and equipment
14
7.3
7.1
Amortisation of intangible assets
13
56.9
50.1
Impairment losses
12
62.4
-
Depreciation of right-of-use assets
18
9.4
10.8
Share-based payment expense
22
1.8
3.2
8
4.0
3.1
130.9
157.5
(2.3)
(5.6)
Net 昀椀nance costs
Operating cash 昀氀ow before movements in working capital
(Increase) in trade and other receivables
Increase/ (decrease) in trade and other payables and provisions
0.6
(3.1)
Cash generated from operations
129.2
148.8
Income tax paid
(21.7)
(21.3)
Net cash in昀氀ow from operating activities
107.5
127.5
0.6
0.1
(14.1)
Cash 昀氀ows from investing activities
Interest received
Acquisition of subsidiary, net of cash acquired
24
(31.5)
Purchases of property, plant and equipment
14
(3.8)
(5.3)
Purchases of intangibles (software)
13
(36.5)
(24.3)
(71.2)
(43.6)
Net cash out昀氀ows from investing activities
Cash 昀氀ows from 昀椀nancing activities
Proceeds from borrowings
Repayment of borrowings
Transaction costs relating to debt re昀椀nancing
Interest paid
Lease liability payments (including interest charged of £1.1m (2022: £1.3m))
18
Proceeds from the issue of share capital
Purchase of own shares
Dividends paid
10
49.0
-
(25.0)
(25.5)
-
(1.5)
(2.6)
(1.4)
(11.9)
(13.1)
0.1
0.2
(19.4)
-
(46.3)
(41.9)
Net cash out昀氀ow from 昀椀nancing activities
(56.1)
(83.2)
Net (decrease)/ increase in cash and cash equivalents
(19.8)
0.7
Cash and cash equivalents at beginning of the year
101.2
92.5
Exchange (losses)/ gains on cash and cash equivalents
Cash and cash equivalents at end of the year
CONSOLIDATED STATEMENT OF CASH FLOWS
23
(5.2)
8.0
76.2
101.2
RWS Holdings plc — Annual Report 2023
115
