156 JUST GROUP PLC Annual Report and Accounts 2020
STATEMENT OF CASH FLOWS OF THE COMPANY FOR THE YEAR ENDED 31 DECEMBER 2020
Year ended 31 December 2020 £m
Year ended 31 December 2019 £m
Cash flows from operating activities Profit/(loss) before tax
85.5 13.7
(101.0)
Impairment of investments in Group undertakings
95.9
0.8
Share-based payments
(1.0)
(118.1)
Income from shares in and loans to Group undertakings
(14.1) (34.3)
(48.1)
Interest income Interest expense
47.1
35.5
0.1
Decrease in prepayments and accrued income
3.6
(73.9)
Decrease in other payables
(6.0)
6.4
Taxation paid
–
Net cash outflow from operating activities Cash flows from investing activities Decrease in financial assets
(86.5)
(21.4)
4.5
70.3
(90.0) (175.0)
Capital injections in subsidiaries
(90.0) (425.0)
Loans to subsidiaries Dividends received
90.0
–
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)
(170.5)
(444.7)
0.3
73.8
–
292.7 124.5
249.4
Increase in borrowings (net of costs)
(0.1)
Dividends paid
(0.2) (2.8) (3.0)
–
Coupon paid on Tier 1 notes
2.6
Net interest received/(paid) on borrowings Net cash inflow from financing activities
252.2
485.0
(4.8)
Net increase/(decrease) in cash and cash equivalents
18.9 41.3 60.2
60.2 55.4 10.4 45.0 55.4
Cash and cash equivalents at start of year Cash and cash equivalents at end of year
Cash available on demand Units in liquidity funds
4.4
55.8 60.2
Cash and cash equivalents at end of year
Powered by FlippingBook