Financial Assets and Liabilities (Tables)

12 Months Ended

Jun. 30, 2024

The Group has the following financial assets, all of which are classified and measured at amortised cost:


	Note	2024 £’000		2023 £’000 (Restated) (1)
Financial assets at amortised cost
Trade receivables	19	£	149,855	£	143,336
Accrued income	19	14,194		13,160
Other financial assets		716		243
Cash and cash equivalents		62,358		164,703
Total financial assets		£	227,123	£	321,442

(1) Restated to include the effects of revisions arising from provisional to final acquisition accounting for DEK and Mudbath (refer to note 3C for details).

Schedule of financial liabilities

The Group has the following financial liabilities:


	Note	2024 £’000		2023 £’000
Lease liabilities
Current lease liabilities	23	£	14,450	£	14,573
Non-current lease liabilities	23	43,557		54,441
		58,007		69,014
Other financial liabilities at amortised cost
Borrowings	22	144,754		—
Trade payables	20	10,976		5,480
Accruals	20	56,890		55,195
Client volume discounts/rebates	20	17,922		1,011
Deferred consideration	15	6,783		6,104
		237,325		67,790
Financial liabilities at fair value through profit or loss
Contingent consideration	15	8,444		11,459

Total financial liabilities		£	303,776	£	148,263

Schedule of contingent consideration

The following table includes the roll forward schedule of contingent consideration during the year ended 30 June 2024:


Contingent consideration	Beginning of the year £’000	Additions £’000	Payments £'000	Remeasurement and discount unwind £'000	Foreign exchange impact £'000	End of the year £'000
2023	8,514	14,771	(111)	(10,418)	(1,297)	11,459
2024	11,459	16,510	(2,737)	(16,817)	29	8,444