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Cash flow information (Tables)
12 Months Ended
Jun. 30, 2021
Cash flow information  
Schedule of cash generated from operations

2021

2020

2019

    

Note

    

£’000

    

£’000

    

£’000

(Loss)/profit before income tax

 

  

 

(24,027)

 

(20,818)

 

27,476

Adjustments for:

 

  

 

 

 

Depreciation

 

13, 14, 15

 

14,959

 

14,756

 

11,726

Impairment charge

 

15

 

 

3,787

 

1,124

Amortization

 

16

 

124,398

 

126,756

 

129,154

Profit on disposal of intangible assets

 

8

 

(7,381)

 

(18,384)

 

(25,799)

Net finance (income)/costs

 

9

 

(12,899)

 

26,039

 

22,509

Non-cash employee benefit expense - equity-settled share-based payments

 

28

 

2,085

 

818

 

699

Foreign exchange losses/(gains) on operating activities

874

(816)

(76)

Reclassified from hedging reserve

2,239

12,180

6,250

Changes in working capital:

Inventories

106

(56)

(714)

Prepayments

 

  

 

(282)

 

6,527

 

(2,168)

Contract assets – accrued revenue

 

  

 

5,422

 

(6,434)

 

(1,514)

Trade receivables(1)

 

  

 

71,695

 

(83,197)

 

82,086

Other receivables

 

  

 

(221)

 

949

 

(1,081)

Contract liabilities – deferred revenue

 

  

 

(49,407)

 

(33,167)

 

5,903

Trade and other payables(1)

 

  

 

5,415

 

(11,371)

 

8,034

Provisions

4,802

Cash generated from operations

 

  

 

137,778

 

17,569

 

263,609

(1)These amounts exclude non-cash movements and movements in respect of items reported elsewhere in the consolidated statement of cash flows, primarily in investing activities (where the timing of acquisitions and disposals and related cash flows can differ), resulting in:
a decrease in changes to trade receivables of £17,210,000 (2020: decrease of £42,742,000; 2019: increase of £7,971,000); and
an increase in changes to trade and other payables of £12,652,000 (2020: decrease of £30,784,000; 2019: decrease of £70,732,000).
Schedule of reconciliation of the movement in the Group's net debt

Non-current

Current

Cash and cash

borrowings

borrowings

equivalents

Total

    

£’000

    

£’000

    

£’000

    

£’000

Net debt at 1 July 2019

 

505,779

 

5,453

 

(307,637)

 

203,595

Cash flows

 

(555)

 

(19,325)

 

263,065

 

243,185

Other changes

 

14,786

 

19,477

 

(6,967)

 

27,296

Net debt at 30 June 2020

520,010

5,605

(51,539)

474,076

Cash flows

(625)

42,321

(61,351)

(19,655)

Other changes

(54,336)

17,261

2,232

(34,843)

Net debt at 30 June 2021

 

465,049

 

65,187

 

(110,658)

 

419,578