RWS Annual Report 2022 web - Flipbook - Page 43
CASH FLOW
Cash generated from operations was £148.8m, £46.8m
more than the prior financial year, when cash generated
was £102.0m. Operating cash flow before movements in
working capital and provisions increased from £125.5m
to £157.5m. The net working capital outflow of £8.7m has
reduced by £14.8m from the prior financial year's outflow
of £23.5m. This has been driven by improvement in
payment cycles during the period, with outflows in trade
receivables from growth of the business offset by inflows
across trade payables.
Significant cash outflows from investing activities included
net cash consideration for the acquisitions of Liones
Holdings B.V of £14.1m and purchases of intangible
software of £24.3m.
Cash flows from financing activities included £25.5m in
repaid debt and associated interest, and dividends paid
within the financial year ended 30 September 2022 of
£41.9m.
Cash balances at the financial year end amounted to
£101.2m, with external borrowings of £29.3m, excluding
lease liabilities, resulting in a net cash position of £71.9m
(2021: £92.5m cash and external borrowings of £47.2m,
resulting in net cash of £45.3m). Net cash including lease
liabilities was £25.2m (2021: net debt of £6.2m).
POST BALANCE SHEET EVENTS
No other significant events have occurred between the
balance sheet date and the date of authorising these
financial statements.
Rod Day
INTERIM DEPUTY CHIEF FINANCIAL OFFICER
14 December 2022
STRATEGIC REPORT RWS — Annual Report 2022
43
