RWS AR 23 Final Single pages - Flipbook - Page 165
2023
£m
2022
£m
Adjusted pro昀椀t before tax
120.1
135.7
Adjusted tax charge
(29.6)
(32.1)
90.5
103.6
Cash conversion:
Adjusted net income
107.5
127.5
Exceptional cash 昀氀ows
Net cash in昀氀ow from operating activities
13.7
13.1
Purchase of PPE
(3.8)
(5.3)
(36.5)
(24.3)
Purchase of intangibles
Net interest
Lease liability payments
Free cash 昀氀ow
Cash conversion
(2.0)
(1.3)
(11.9)
(13.1)
67.0
96.6
74.0%
93.2%
Organic Revenue
Organic revenue is calculated by adjusting the prior year's revenues by adding pre-acquisition revenues for the
corresponding period of ownership.1
2023
Organic revenue
growth/(loss)
2023 Organic
revenue
2023
Organic
revenue
growth/(loss)
%
107.2
(2.4)
104.8
(2%)
173.0
(10.5)
162.5
(6%)
18.5
342.1
(12.3)
329.8
(4%)
121.5
10.6
132.1
4.6
136.7
3%
729.9
24.5
754.4
(20.6)
733.8
(3%)
2021
Organic revenue1
2022
Organic revenue
growth/(loss)
2022
Organic revenue
IP Services
113.6
(6.4)
Regulated Industries
171.2
1.8
Language Services
323.6
Language & Content Technology
Total
1
Includes Liones Holdings B.V. and Propylon Holdings Ltd's pre-acquisition operating results
Organic revenue at constant exchange rates
Organic revenue at constant exchange rates is calculated by adjusting the prior year's revenues by adding pre-acquisition
revenues for the corresponding period of ownership, and applying the 2023 foreign exchange rates to both years.
2022
Revenue at
FY23 rates
2022
Pre-acq revenue
at FY23 rates1
2022 Organic
revenue at
constant
exchange rates
2023
Revenue growth
2023 Organic
revenue
Organic
constant
currency
revenue
growth
IP Services
Regulated Industries
109.1
-
109.1
(4.3)
104.8
(4%)
179.3
-
179.3
(16.8)
162.5
(9%)
Language Services
354.2
-
354.2
(24.4)
329.8
(7%)
Language & Content Technology
132.6
5.2
137.8
(1.1)
136.7
(1%)
Total
775.2
5.2
780.4
(46.6)
733.8
(6%)
1
Includes Liones Holdings B.V. and Propylon Holdings Ltd's pre-acquisition operating results
Adjusted operating Pro昀椀t
Adjusted operating pro昀椀t is calculated by adjusting operating pro昀椀t for the impact of exceptional items, amortisation and
impairment of acquired intangibles, acquisition costs and share based payments. This is further analysed in Note 4 and
labelled as ‘Operating pro昀椀t/(loss) before charging:'.
NOTES TO THE PARENT COMPANY FINANCIAL STATEMENTS RWS Holdings plc — Annual Report 2023
165
