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Additional information-Financial Statement Schedule I (Tables)

12 Months Ended

Jun. 30, 2021

Additional information-Financial Statement Schedule I

Statement of condensed statement of profit or loss


		Year ended 30 June
		2021		2020		2019
		£’000		£’000		£’000
Operating expenses		(4,253)		(2,964)		(3,455)
Income from shares in group undertakings		10,718		44,534		23,326
Finance income		—		82		—
Profit before income tax		6,465		41,652		19,871
Income tax expense		(1)		(9)		—
Profit for the year		6,464		41,643		19,871

Statement of condensed balance sheet


		As of 30 June
		2021		2020
		£’000		£’000
ASSETS
Non-current assets
Investment in subsidiaries		319,265		319,265
		319,265		319,265
Current assets
Other receivables		1,197		1,197
Cash and cash equivalents		148		197
		1,345		1,394
Total assets		320,610		320,659
EQUITY AND LIABILITIES
Equity
Share capital		53		53
Share premium		68,822		68,822
Treasury shares		(21,305)		(21,305)
Retained earnings		262,113		264,282
		309,683		311,852
Current liabilities
Other payables		10,927		8,807
		10,927		8,807
Total equity and liabilities		320,610		320,659

Statement of condensed statement of changes in equity


		Share		Share		Treasury		Retained
		capital		premium		shares		earnings		Total equity
		£’000		£’000		£’000		£’000		£’000
Balance at 1 July 2018		53		68,822		—		247,806		316,681
Profit for the year		—		—		—		19,871		19,871
Total comprehensive income for the year		—		—		—		19,871		19,871
Equity-settled share based payments		—		—		—		699		699
Dividends paid		—		—		—		(23,326)		(23,326)
Balance at 30 June 2019		53		68,822		—		245,050		313,925
Profit for the year		—		—		—		41,643		41,643
Total comprehensive income for the year		—		—		—		41,643		41,643
Acquisition of treasury shares		—		—		(21,305)		—		(21,305)
Equity-settled share based payments		—		—		—		818		818
Dividends paid		—		—		—		(23,229)		(23,229)
Balance at 30 June 2020		53		68,822		(21,305)		264,282		311,852
Profit for the year		—		—		—		6,464		6,464
Total comprehensive income for the year		—		—		—		6,464		6,464
Equity-settled share based payments		—		—		—		2,085		2,085
Dividends paid		—		—		—		(10,718)		(10,718)
Balance at 30 June 2021		53		68,822		(21,305)		262,113		309,683

Statement of condensed statement of cash flows


		Year ended 30 June
		2021		2020		2019
		£’000		£’000		£’000
Cash flows from operating activities
Profit before income tax		6,465		41,652		19,871
Adjustments for:
Non-cash employee benefit expense — equity-settled share-based payments		2,085		818		699
Foreign exchange losses/(gains) on operating activities		263		(102)		(37)
Changes in working capital:
Other receivables		—		(89)		206
Other payables		2,120		2,243		2,326
Tax paid		(1)		(9)		—
Net cash inflow from operating activities		10,932		44,513		23,065
Cash flows from financing activities
Acquisition of treasury shares		—		(21,305)		—
Dividends paid		(10,718)		(23,229)		(23,326)
Net cash outflow from financing activities		(10,718)		(44,534)		(23,326)
Net increase/(decrease) in cash and cash equivalents		214		(21)		(261)
Cash and cash equivalents at beginning of year		197		116		340
Exchange (losses)/gains on cash and cash equivalents		(263)		102		37
Cash and cash equivalents at end of year		148		197		116

Statement of reconciliation of parent and consolidated financial information



		2021		2020		2019
		£’000		£’000		£’000
IFRS (loss)/profit reconciliation:
Parent only — IFRS profit for the year		6,464		41,643		19,871
Additional loss if subsidiaries had been accounted for on the equity method of accounting as opposed to cost		(98,680)		(64,876)		(990)
Consolidated IFRS (loss)/profit for the year		(92,216)		(23,233)		18,881

IFRS equity reconciliation:
Parent only — IFRS equity		309,683		311,852		313,925
Additional (loss)/profit if subsidiaries had been accounted for on the equity method of accounting as opposed to cost		(37,171)		39,380		101,277
Consolidated — IFRS equity		272,512		351,232		415,202