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Condensed Consolidated Statements of Cash Flows (Unaudited) - GBP (£)
£ in Thousands
6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
OPERATING ACTIVITIES    
Profit for the period £ 696 £ 9,465
Income tax charge (483) 2,584
Non-cash adjustments 15,886 13,305
Tax paid (3,535) (2,911)
Net changes in working capital 13,936 (10,778)
Net cash from operating activities 26,500 11,665
INVESTING ACTIVITIES    
Purchase of non-current assets (tangibles and intangibles) (5,830) (3,964)
Proceeds from disposal of non-current assets 120 25
Acquisition of business / subsidiaries (27,061) 0
Proceeds from sale of subsidiary, net of cash disposed of 2,744 0
Cash and cash equivalents acquired with subsidiaries 3,289 0
Interest received 353 126
Net cash used in investing activities (26,385) (3,813)
FINANCING ACTIVITIES    
Proceeds from sublease 302 3,500
Repayment of borrowings (9) (23,526)
Repayment of lease liabilities (4,569)  
Interest paid (375) (222)
Grant received 661 1,784
Net proceeds from initial public offering 14,797 44,828
Issue of shares 9 0
Net cash from financing activities 10,816 26,364
Net change in cash and cash equivalents 10,931 34,216
Cash and cash equivalents at the beginning of the period 70,172 15,048
Exchange differences on cash and cash equivalents (2,128) 1,780
Cash and cash equivalents at the end of the period £ 78,975 £ 51,044