JUST GROUP PLC Annual Report and Accounts 2021
STATEMENT OF CASH FLOWS OF THE COMPANY FOR THE YEAR ENDED 31 DECEMBER 2021
Year ended 31 December 2021 £m
Year ended 31 December 2020 £m
Cash flows from operating activities (Loss)/profit before tax
(7.7)
85.5 13.7
188.0
Impairment of investments in Group undertakings
4.9
Share-based payments
0.8
(197.1) (55.6)
Income from shares in and loans to Group undertakings
(118.1) (48.1)
Interest income Interest expense
57.6
47.1
–
Decrease in prepayments and accrued income
0.1
(8.0)
Decrease in other payables
(73.9)
(11.3) (29.2)
Taxation paid
6.4
Net cash outflow from operating activities Cash flows from investing activities Decrease in financial assets
(86.5)
–
4.5
(5.8)
Capital injections in subsidiaries
(90.0) (175.0)
–
Loans to subsidiaries Dividends received
169.0 163.2
90.0
Net cash inflow/(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)
(170.5)
0.1
0.3
321.8
– –
(350.6)
Redemption of Tier 1 notes
– –
Increase in borrowings (net of costs)
249.4
Dividends paid
(0.1)
2.9
Net coupon received on Tier 1 notes Net interest received on borrowings
–
15.6
2.6
Net cash (outflow)/inflow from financing activities Net increase/(decrease) in cash and cash equivalents
(10.2)
252.2
123.8
(4.8)
55.4
Cash and cash equivalents at start of year Cash and cash equivalents at end of year
60.2 55.4 10.4 45.0 55.4
179.2
11.5
Cash available on demand Units in liquidity funds
167.7 179.2
Cash and cash equivalents at end of year
176
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