JUST GROUP PLC Annual Report and Accounts 2021
CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2021
Year ended 31 December 2021 £m
Year ended 31 December 2020 £m
Note
Cash flows from operating activities (Loss)/profit before tax
(21.4)
236.7
–
Property revaluation loss through profit and loss Depreciation of property, plant and equipment Impairment of property, plant and equipment
14 14 14 13 13
1.2 3.9
4.2 0.3
–
20.4
Amortisation of intangible assets Impairment of intangible assets
19.9
–
1.1 6.5
4.8
Share-based payments
(572.1)
Interest income Interest expense
2 5
(631.7)
136.8
159.0
(1,103.8)
Realised and unrealised gains on financial investments
(1,039.7)
332.0
Decrease in reinsurance assets
866.5
(1.3) (3.8)
Increase in prepayments and accrued income Increase in insurance and other receivables
(3.7) (6.1)
694.5
Increase in insurance liabilities
2,114.7
(9.2)
Decrease in investment contract liabilities Decrease in deposits received from reinsurers Decrease/(increase) in accruals and deferred income
(11.2)
(270.3)
(775.3)
(10.8)
3.3
1.7
Increase in insurance and other payables
19.0
(60.4)
Decrease in other creditors
(162.7)
337.8
Interest received
314.5
(78.7) (12.7)
Interest paid Taxation paid
(107.7) (60.6)
Net cash (outflow)/inflow from operating activities Cash flows from investing activities Additions to internally generated intangible assets
(612.0)
947.6
(6.6) (0.7)
13 14 15 35
(0.1) (2.3)
Acquisition of property and equipment
(70.6)
– –
Acquisition of subsidiaries
–
Acquisition of non-controlling interest Net cash outflow from investing activities Cash flows from financing activities Issue of ordinary share capital (net of costs) Proceeds from issue of Tier 1 notes (net of costs) Redemption of Tier 1 notes (including costs)
(77.9)
(2.4)
0.2
21 22 22 25 12 12
0.3
321.8
– –
(350.6)
– –
Increase in borrowings (net of costs)
110.6
Dividends paid
(0.1)
(25.2) (56.7)
Coupon paid on Tier 1 notes Interest paid on borrowings
(28.1) (49.8)
(3.6) (0.1)
Payment of lease liabilities – principal Payment of lease liabilities – interest
26 26
(4.1) (0.2)
Net cash (outflow)/inflow from financing activities Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at 1 January Cash and cash equivalents at 31 December
(114.2) (804.1)
28.6
973.8
2,624.8 1,820.7
1,651.0 2,624.8 1,496.3 1,128.5 2,624.8
510.2
Cash available on demand Units in liquidity funds
1,310.5 1,820.7
Cash and cash equivalents at 31 December
20
The notes are an integral part of these financial statements.
126
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