Group statement of cash flows For the year ended 31 March 2022
Notes
2022 £m
2021 £m
Operating activities Operating profit/(loss) Adjustments for non-cash items
21
Increase in receivables Increase/(decrease) in payables Cash generated from operations Interest paid
168.4
(202.2)
(149.7)
238.5
(1.6)
(3.4)
3.0
(6.3)
20.1
26.6
(13.9)
(10.3)
Interest received
0.1
0.2
Tax repaid
0.4
0.1
Cash flows from operating activities
6.7
16.6
Investing activities Distributions from joint ventures Funds to joint ventures Funds from joint ventures Purchase of other investments Purchase and development of property Purchase of plant and equipment
7.3
8.3
–
(45.3)
89.5
–
–
(0.8)
(120.6)
(60.8)
(0.3)
(0.4)
Sale of properties
–
(0.2)
Investment in joint ventures
–
(10.8)
Cash flows from investing activities
(24.1)
(110.0) (202.0)
Financing activities Revolving credit facility repaid
15
(202.5)
Revolving credit facility drawn
15
244.5
97.0
Issue of private placement notes
15
–
149.1
Payment of lease obligations Dividends paid Cash flows from financing activities Net decrease in cash and cash equivalents Cash and cash equivalents at 1 April Cash and cash equivalents at 31 March
140 Great Portland Estates plc Annual Report 2022
22
(3.0)
(2.8)
(32.7)
(31.7)
6.3
9.6
(11.1)
(83.8)
11.1
94.9
–
11.1
