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Cash flow information (Tables)
12 Months Ended
Jun. 30, 2024
Cash flow information  
Schedule of cash used in operations

2024

2023

2022

    

Note

    

£’000

    

£’000

    

£’000

Loss before income tax

 

  

 

(130,724)

 

(32,574)

 

(149,623)

Adjustments for:

 

  

 

 

 

Depreciation

 

13, 14, 15

 

16,526

 

13,848

 

14,314

Amortization

 

16

 

190,123

 

172,684

 

151,462

Profit on disposal of intangible assets

 

8

 

(37,422)

 

(20,424)

 

(21,935)

Net finance costs

 

9

 

61,371

 

21,394

 

62,239

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

 

28

 

875

 

1,753

 

198

Foreign exchange losses on operating activities

2,041

2,989

50

Reclassified from hedging reserve

267

(672)

Changes in working capital:

Inventories

(378)

(965)

(120)

Prepayments

 

  

 

(1,726)

 

(1,704)

 

(8,825)

Contract assets – accrued revenue

 

  

 

3,554

 

(7,093)

 

4,305

Trade receivables(1)

 

  

 

2,358

 

24,433

 

(520)

Other receivables

 

  

 

7,193

 

(8,359)

 

(1,109)

Contract liabilities – deferred revenue

 

  

 

27,692

 

(6,261)

 

41,618

Trade and other payables(1)

 

  

 

(18,904)

 

(31,139)

 

22,480

Provisions

(5,118)

8

7,842

Cash generated from operations

 

  

 

117,461

 

128,857

 

121,704

(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 increase in changes to trade receivables of £13,817,000 (2023: decrease of £1,064,000; 2022: increase of £7,673,000); and
an increase in changes to trade and other payables of £46,215,000 (2023: increase of £105,818,000; 2022: increase of £40,276,000).
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 2022

 

530,365

105,757

(121,223)

514,899

Cash flows

 

(30,464)

46,343

15,879

Other changes

 

(23,030)

30,668

(1,139)

6,499

Net debt at 30 June 2023

507,335

 

105,961

 

(76,019)

 

537,277

Cash flows

(109,378)

(698)

(110,076)

Other changes

3,712

38,991

3,168

45,871

Net debt at 30 June 2024

 

511,047

 

35,574

 

(73,549)

 

473,072