Financial Instrument Risk (Tables)

12 Months Ended

Jun. 30, 2018

Foreign currency denominated financial assets and liabilities

The amounts shown are translated into GBP at the closing rate:



June 30, 2018	Long Term GBP £‘000		Long Term EUR £‘000		Long Term USD £‘000		Short Term GBP £‘000		Short Term EUR £‘000		Short Term USD £‘000		Short Term RON £‘000		Short Term Others £‘000		TOTAL £‘000
Financial assets	—		—		—		37,853		5,485		10,485		8,603		4,974		67,400
Financial liabilities	(277	)	(20	)	(7,251	)	(37,408	)	(2,428	)	(14,406	)	(11,926	)	(3,479	)	(77,195	)
Total	(277	)	(20	)	(7,251	)	445		3,057		(3,921	)	(3,323	)	1,495		(9,795	)

Schedule of effect of changes in foreign exchange rates

During the year ended 30 June 2018, the Sterling/RON volatility ranged from the RON strengthening against Sterling by 3% to weakening by 5%.



	GBP/RON:+3% Profit impact £’000
June 30, 2018	(330	)



	GBP/RON: -5% Profit impact £’000
June 30, 2018	521



	GBP/RON: +3% Total equity £’000
June 30, 2018	(283	)

During the year ended 30 June 2017, the Sterling/RON volatility ranged from the RON strengthening against Sterling by 4% to weakening by 5%.



	GBP/RON: +4% Profit impact £’000
June 30, 2017	(330	)



	GBP/RON: -5% Profit impact £’000
June 30, 2017	483



	GBP/RON: +4% total equity £’000
June 30, 2017	(672	)

Schedule of maximum exposure to credit risk

The Group’s maximum exposure to credit risk is limited to the carrying amount of financial assets recognised at 30 June, as summarised below:



	2018 £’000		2017 £’000
Cash and cash equivalents	£	15,048	£	23,571
Trade and other receivables	52,352		41,494
Total	£	67,400	£	65,065

Analysis of age of financial assets that are past due but not impaired

Information on financial assets past due but not impaired are as follows:



	2018 £’000		2017 £’000
Not more than 3 months	£	830	£	2,735
More than 3 months but not more than 6 months	586		61
More than 6 months but not more than 1 year	—		—
More than 1 year	—		—
Total	£	1,416	£	2,796

Disclosure of maturity analysis for non-derivative financial liabilities

As at 30 June 2018, the Group’s non-derivative financial liabilities had contractual maturities (including interest payments where applicable) as summarised below:



	Current 0 - 6 months £’000		Current 6 - 12 months £’000		Non-Current 1 - 5 years £’000		Non-Current +5 years £’000
Bank loans	£	19,726	£	—	£	—	£	—
Finance lease obligations	23		21		20		—
Trade and other payables	40,243		—		—		—
Deferred consideration	3,031		1,515		—		—
Contingent consideration	3,984		1,196		7,967		—
Other liabilities	—		—		277		—
Total	£	67,007	£	2,732	£	8,264	£	—

There were no forward foreign currency options in place at 30 June 2018.

As at 30 June 2017, the Group’s non-derivative financial liabilities had contractual maturities (including interest payments where applicable) as summarised below:



	Current 0 - 6 months £’000		Current 6 - 12 months £’000		Non-Current 1 - 5 years £’000		Non-Current +5 years £’000
Bank loans	£	29,314	£	—	£	—	£	—
Finance lease obligations	63		25		63		—
Trade and other payables	24,358		—		—		—
Deferred consideration	—		—		—		—
Contingent consideration	—		—		—		—
Other liabilities	—		—		253		—
Total	£	53,735	£	25	£	316	£	—