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Cash generated from operations
6 Months Ended
Dec. 31, 2018
Cash generated from operations  
Cash generated from operations

 

26Cash generated from operations

 

 

 

Three months ended
31 December

 

Six months ended
31 December

 

 

 

 

 

Restated(1)

 

 

 

Restated(1)

 

 

 

2018
£’000

 

2017
£’000

 

 2018 
£’000

 

2017
 £’000

 

Profit before tax

 

37,648

 

37,813

 

46,396

 

54,938

 

Depreciation

 

2,970

 

2,755

 

5,779

 

5,329

 

Amortization

 

33,440

 

37,335

 

68,571

 

73,389

 

Loss/(profit) on disposal of intangible assets

 

4,349

 

(1,013

)

(18,079

)

(18,292

)

Net finance costs

 

6,346

 

4,363

 

11,472

 

5,146

 

Profit on disposal of property, plant and equipment

 

 

(75

)

 

(75

)

Equity-settled share-based payments

 

161

 

618

 

371

 

1,203

 

Foreign exchange (gains)/losses on operating activities

 

(95

)

9

 

182

 

1,000

 

Reclassified from hedging reserve

 

1,536

 

3,587

 

2,844

 

7,468

 

Changes in working capital:

 

 

 

 

 

 

 

 

 

Inventories

 

56

 

156

 

(1,194

)

(281

)

Trade and other receivables

 

(30,303

)

(37,282

)

39,293

 

(25,437

)

Trade and other payables and deferred revenue

 

(97,127

)

(86,706

)

(73,298

)

(115,877

)

 

 

 

 

 

 

 

 

 

 

Cash (used in)/generated from operations

 

(41,019

)

(38,440

)

82,337

 

(11,489

)

 

 

 

 

 

 

 

 

 

 

 

 

(1) Comparative amounts have been restated - see note 34 to the interim consolidated financial statements for further details.