Group statement of cash flows

For the year ended 31 March 2022

Operating activities

Operating profit/(loss) Adjustments for non-cash items Increase in receivables Increase/(decrease) in payables Cash generated from operations Interest paid Interest received Tax repaid

Cash flows from operating activities 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 Sale of properties Investment in joint ventures

Cash flows from investing activities Financing activities

Revolving credit facility repaid Revolving credit facility drawn Issue of private placement notes 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

Notes

2022 £m

2021 £m

168.4 (202.2) 21 (149.7) 238.5 (1.6) (3.4) 3.0 (6.3) 20.1 26.6 (13.9) (10.3) 0.1 0.2 0.4 0.1 6.7 16.6

7.3 8.3 – (45.3)

89.5

–

– (0.8) (120.6) (60.8) (0.3) (0.4) – (0.2) – (10.8) (24.1) (110.0)

15 (202.5) (202.0) 15 244.5 97.0 15 – 149.1 (3.0) (2.8) 22 (32.7) (31.7) 6.3 9.6 (11.1) (83.8) 11.1 94.9 – 11.1