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Consolidated Statement of Cash Flows Consolidated Statement of Cash Flows - GBP (£)
£ in Thousands
12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2016
Operating activities      
Profit for the year £ 18,975 £ 16,832 £ 16,706
Income tax charge 5,675 4,868 4,125
Adjustments (note 28) 6,249 3,519 436
Tax paid (5,608) (5,471) (3,798)
UK research and development credit received 1,854 0 1,081
Net changes in working capital (note 28) 6,839 (5,008) (7,653)
Net cash from operating activities 33,984 14,740 10,897
Investing activities      
Purchase of non-current assets (tangibles and intangibles) (5,483) (6,372) (2,745)
Proceeds / (loss) from disposal of non-current assets 79 (106) 15
Acquisition of business / subsidiaries, consideration in cash (28,765) (13,807) (4,551)
Cash and cash equivalents acquired with subsidiaries 2,342 768 0
Interest received 35 18 21
Net cash used in investing activities (31,792) (19,499) (7,260)
Financing activities      
Proceeds from borrowings 26,462 17,007 15,093
Repayment of borrowings (36,768) (3,462) (3,364)
Grant received 147 2,924 1,948
Interest paid (573) (391) (114)
Dividends paid 0 0 (18,181)
Purchase of own shares 0 (1,240) 0
Net cash from/(used in) financing activities (10,732) 14,838 (4,618)
Net change in cash and cash equivalents (8,540) 10,079 (981)
Cash and cash equivalents at the beginning of the year 23,571 12,947 13,362
Net foreign exchange differences 17 545 566
Cash and cash equivalents at the end of the year £ 15,048 £ 23,571 £ 12,947