Cash flows from operating activities | | | |
Profit for the period | | 12,512 | 19,459 |
Adjustments for: | | | |
Depreciation | 12 | 3,763 | 2,412 |
Amortisation | 11 | 21,552 | 19,126 |
Loss on disposal of tangible assets | 6 | 69 | – |
Impairment of intangible assets | 6 | 4,162 | 45 |
Finance income | 3 | (21) | (2,242) |
Finance expense | 4 | 4,966 | 2,416 |
Equity settled share-based payment expense | 27 | 2,058 | 1,767 |
Income tax expense | | 2,036 | 6,347 |
Operating cash flow before changes in working capital | | 51,097 | 49,330 |
Decrease/(increase) in inventories | | 11,782 | (4,527) |
Increase in trade and other receivables | | (16,393) | (2,553) |
Increase in trade and other payables | | 9,965 | 4,738 |
Cash generated from operating activities before interest and taxation | | 56,451 | 46,988 |
Interest paid | | (1,393) | (1,338) |
Income taxes paid | | (11,483) | (4,667) |
Net cash inflow from operating activities | | 43,575 | 40,983 |
Cash flows from investing activities | | | |
Interest received | | 33 | 16 |
Acquisition of subsidiaries (net of cash acquired) | 31 | (166,173) | (908) |
Acquisition of non-controlling interests | 26 | (390) | – |
Purchase of property, plant and equipment | 12 | (2,802) | (2,081) |
Capitalised development expenditure | 11 | (570) | (1,035) |
Purchase of other intangible non-current assets | 11 | (4,133) | (643) |
Net cash outflow from investing activities | | (174,035) | (4,651) |
Cash flows from financing activities | | | |
Proceeds from the issue of share capital | 24 | 47,697 | 375 |
New borrowings | | 103,841 | – |
Expenses of raising borrowing facilities | | (360) | (1,235) |
Repayment of borrowings | | (10,572) | (102) |
Dividends paid | 9 | (15,292) | (13,857) |
Net cash inflow/(outflow) from financing activities | | 125,314 | (14,819) |
Net (decrease)/increase in cash and cash equivalents | | (5,146) | 21,513 |
Cash and cash equivalents at start of period | | 45,948 | 26,773 |
Exchange differences on cash and cash equivalents | | (1,660) | (2,338) |
Cash and cash equivalents at end of period | 17 | 39,142 | 45,948 |
| | | |
Reconciliation of net cash flow to movement in net (borrowings)/cash | | | |
Net (decrease)/increase in cash and cash equivalents | | (5,146) | 21,513 |
New borrowings | | (103,841) | – |
Repayment of borrowings | | 10,572 | 102 |
Expenses of refinancing borrowing facilities | | 360 | 1,235 |
Acquisition of subsidiary borrowings | | (15,027) | – |
Exchange differences on cash and cash equivalents | | (1,660) | (2,338) |
Retranslation of foreign borrowings | | (14,308) | (1,442) |
Other non-cash changes | | (994) | (659) |
Movement in net (borrowings)/cash in the period | | (130,044) | 18,411 |
Net cash/(borrowings) at start of period | | 13,421 | (4,990) |
Net (borrowings)/cash at end of period | 28 | (116,623) | 13,421 |