| Schedule of cash flow statement adjustments |
| | | | | | | | | | | | | | | | | | | | | | Adjustments | | 2024
£’000 | | 2023
£’000 | | 2022
£’000 | | Depreciation, amortisation and impairment of non-financial assets | | £ | 38,941 | | | £ | 32,927 | | | £ | 28,969 | | | Unrealised foreign exchange loss / (gain) | | 3,249 | | | 5,441 | | | (9,876) | | | Interest income | | (6,171) | | | (3,506) | | | (184) | | | Fair value movement of financial liabilities | | (9,133) | | | (11,828) | | | 842 | | | Interest expense | | 6,181 | | | 3,469 | | | 2,014 | | | Net loss/(gain) on disposal of non-current assets (tangibles and intangibles) | | 690 | | | (45) | | | (73) | | | Share-based compensation expense | | 34,678 | | | 31,058 | | | 35,005 | | | Hyperinflation effect (gain) / loss | | — | | | (386) | | | 17 | | | Research and development tax credit | | (7,788) | | | (5,027) | | | (2,211) | | | Loss on derecognition of right-of-use assets sub-leased | | 81 | | | — | | | 132 | | | Net gain on disposal of right-of-use asset | | (139) | | | (1) | | | (187) | | | Fair value movement of financial assets | | (18) | | | (2) | | | (7) | | | Grant income | | (2,803) | | | (2,935) | | | (642) | | | Total adjustments | | £ | 57,768 | | | £ | 49,165 | | | £ | 53,799 | |
| | | | | | | | | | | | | | | | | | | | | | Net changes in working capital | | 2024
£’000 | | 2023
£’000 | | 2022
£’000 | | Decrease/(Increase) in trade and other receivables | | £ | 5,532 | | | £ | (3,937) | | | £ | (37,006) | | | (Decrease)/Increase in trade and other payables | | (22,112) | | | (12,136) | | | 15,236 | | | Net changes in working capital | | £ | (16,580) | | | £ | (16,073) | | | £ | (21,770) | |
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| Schedule of non-cash changes arising from financing activities |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Grant received | | Beginning of the year
£’000 | | Cash received
£’000 | | Grant income
£'000 | | Non-cash foreign exchange
£'000 | | End of the year
£'000 | | 2022 | | 59 | | | 139 | | | (642) | | | 7 | | | (437) | | | 2023 | | (437) | | | 494 | | | (2,935) | | | 1 | | | (2,877) | | | 2024 | | (2,877) | | | 707 | | | (2,803) | | | 81 | | | (4,892) | |
The grants receivable in 2022, 2023 and 2024 are presented in trade and other receivables. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Borrowings | | Beginning of the year
£’000 | | Proceeds from borrowings
£’000 | | Repayment of borrowings
£’000 | | Non-cash foreign exchange
£’000 | | Non-cash Other
£'000 | | End of the year
£'000 | | 2024 | | — | | | (153,814) | | | 8,056 | | | 795 | | | 209 | | | (144,754) | |
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