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v3.23.2

Unaudited Condensed Consolidated Interim Statements of Cash Flows - GBP (£) £ in Thousands | 6 Months Ended
--- | ---
Jun. 30, 2023 | Jun. 30, 2022
Cash flows from operating activities |  |
Net loss for the period | £ (11,770) | £ (17,021)
Adjustments to cash flows from non-cash items |  |
Depreciation and amortization | 990 | 832
Depreciation on right of use assets | 327 | 189
Finance (income)/costs | (24,193) | (22,434)
Share based payment transactions | 7,056 | 7,294
Before working capital adjustments | (27,590) | (31,140)
Increase in trade and other receivables | (863) | (1,499)
Decrease in trade and other payables | (4,603) | (30,442)
Net cash (outflow) from operating activities | (33,056) | (63,081)
Cash flows from investing activities |  |
Decrease in financial assets at amortized cost | 59,886 |
Acquisitions of property plant and equipment | (1,304) | (167)
Acquisition of intangible assets | (73) | (393)
Interest income on deposits | 2,337 |
Net cash inflow/(outflow) from investing activities | 60,846 | (560)
Cash flows from financing activities |  |
Proceeds from issue of shares | 180 |
Payments to lease creditors | (349) | (235)
Net cash (outflow) from financing activities | (169) | (235)
Net increase/(decrease) in cash at bank | 27,621 | (63,876)
Cash at bank, beginning of the period | 62,927 | 212,660
Effect of foreign exchange rate changes | (855) | 8,768
Cash at bank, end of the period | £ 89,693 | £ 157,552

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