220 | Just Group PLC | Annual Report and Accounts 2023
STATEMENT OF CASH FLOWS OF THE COMPANY for the year ended 31 December 2023
Year ended 31 December 2023 £m
Year ended 31 December 2022 £m
Cash flows from operating activities Profit before tax Impairment of loans to Group undertakings
30
62
2
–
(6)
Share-based payments
(4)
(28) (59)
Income from shares and loans to Group undertakings
(78) (52)
Interest income Interest expense
51
57
– 5 4
Increase in prepayments and accrued income
(1)
Increase/(decrease) in other payables
(16)
Taxation received/(paid)
(3)
Net cash outflow from operating activities Cash flows from investing activities Decrease/(increase) in financial assets
(1)
(35)
4 – – 4
(3) (6)
Capital injections in subsidiaries
Dividends received
50 41
Net cash inflow from investing activities Cash flows from financing activities Decrease in borrowings (net of costs)
(26) (19)
(78) (15)
Dividends paid
12
Net coupon received on Tier 1 notes Net interest received on borrowings
11 17
7
Net cash outflow from financing activities Net decrease in cash and cash equivalents Cash and cash equivalents at start of year Cash and cash equivalents at end of year
(26) (23)
(65) (59)
120
179 120
97 12 85 97
Cash available on demand Units in liquidity funds
11
109 120
Cash and cash equivalents at end of year
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