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Cash flow information (Tables)
12 Months Ended
Jun. 30, 2022
Cash flow information  
Schedule of cash generated from operations

2022

2021

2020

    

Note

    

£’000

    

£’000

    

£’000

Loss before income tax

 

  

 

(149,623)

 

(24,027)

 

(20,818)

Adjustments for:

 

  

 

 

 

Depreciation

 

13, 14, 15

 

14,314

 

14,959

 

14,756

Impairment charge

 

15

 

 

 

3,787

Amortization

 

16

 

151,462

 

124,398

 

126,756

Profit on disposal of intangible assets

 

8

 

(21,935)

 

(7,381)

 

(18,384)

Net finance costs/(income)

 

9

 

62,239

 

(12,899)

 

26,039

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

 

28

 

198

 

2,085

 

818

Foreign exchange losses/(gains) on operating activities

50

874

(816)

Reclassified from hedging reserve

(672)

2,239

12,180

Changes in working capital:

Inventories

(120)

106

(56)

Prepayments

 

  

 

(8,825)

 

(282)

 

6,527

Contract assets – accrued revenue

 

  

 

4,305

 

5,422

 

(6,434)

Trade receivables(1)

 

  

 

(520)

 

71,695

 

(83,197)

Other receivables

 

  

 

(1,109)

 

(221)

 

949

Contract liabilities – deferred revenue

 

  

 

41,618

 

(49,407)

 

(33,167)

Trade and other payables(1)

 

  

 

22,480

 

5,415

 

(11,371)

Provisions

7,842

4,802

Cash generated from operations

 

  

 

121,704

 

137,778

 

17,569

(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:
an increase in changes to trade receivables of £7,673,000 (2021: decrease of £17,210,000; 2020: increase of £42,742,000); and
an increase in changes to trade and other payables of £40,276,000 (2021: decrease of £12,652,000; 2020: decrease of £30,784,000).
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 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

Cash flows

40,000

(7,980)

32,020

Other changes

65,316

570

(2,585)

63,301

Net debt at 30 June 2022

 

530,365

 

105,757

 

(121,223)

 

514,899