v3.24.3
CONSOLIDATED STATEMENT OF CASH FLOWS - GBP (£)
£ in Thousands
 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Operating activities      
Profit for the year £ 17,122 £ 94,163 [1] £ 83,093 [1]
Income tax charge 9,858 20,000 [1] 19,286 [1]
Non-cash adjustments 57,768 49,165 [1] 53,799 [1]
Tax paid (14,254) (22,737) [1] (14,033) [1]
Research and development credit received 478 0 [1] 344 [1]
Net changes in working capital (16,580) (16,073) [1] (21,770) [1]
Net cash from operating activities 54,392 124,518 [1] 120,719 [1]
Investing activities      
Purchase of non-current assets (tangibles and intangibles) (5,486) (13,674) [1] (13,967) [1]
Proceeds from disposal of non-current assets 346 187 [1] 272 [1]
Payment for acquisition of subsidiary, net of cash acquired (236,110) (79,691) [1] (10,364) [1]
Other acquisition-related settlements (55,246) (21,179) [1] 0 [1]
Interest received 6,171 3,506 [1] 184 [1]
Net cash used in investing activities (290,325) (110,851) [1] (23,875) [1]
Financing activities      
Proceeds from borrowings 153,814 0 0
Repayment of borrowings (8,056) 0 0
Proceeds from sublease 94 439 [1] 560 [1]
Repayment of lease liabilities (12,629) (11,812) [1] (12,677) [1]
Repayment of lease interest (2,147) (1,676) [1] (1,128) [1]
Grant received 707 494 [1] 139 [1]
Interest and debt financing costs paid (3,389) (4,011) [1] (885) [1]
Proceeds from exercise of options 6,667 5,568 [1] 8,913 [1]
Net cash generated from/(used in) financing activities 135,061 (10,998) [1] (5,078) [1]
Net change in cash and cash equivalents (100,872) 2,669 [1] 91,766 [1]
Cash and cash equivalents at the beginning of the year [1] 164,703 [2] 162,806 69,884
Net foreign exchange differences (1,473) (772) [1] 1,156 [1]
Cash and cash equivalents at the end of the year £ 62,358 £ 164,703 [1],[2] £ 162,806 [1]
[1] (1)The presentation of the Consolidated Statement of Cash Flows has been changed to separately present the repayment of lease interest from the total repayments of lease liabilities
[2]
(1) Restated to include the effect of revisions arising from provisional to final acquisition accounting for DEK and Mudbath (refer to note 3C for details).