Just group PLC | Annual Report and accounts 2022
STATEMENT OF CASH FLOWS OF THE COMPANY for the year ended 31 December 2022
Year ended 31 December 2022 £m
Year ended 31 December 2021 £m
Cash flows from operating activities Profit/(loss) before tax
62.6
(7.7)
–
Impairment of investments in Group undertakings
188.0
(3.7)
Share-based payments
4.9
(78.1) (52.2)
Income from shares and loans to Group undertakings
(197.1) (55.6)
Interest income Interest expense
57.0
57.6
(1.3)
Increase in prepayments and accrued income
–
(16.0)
Decrease in other payables
(8.0)
(3.3)
Taxation paid
(11.3) (29.2)
Net cash outflow from operating activities Cash flows from investing activities Increase in financial assets
(35.0)
(3.4) (6.0)
–
Capital injections in subsidiaries
(5.8)
50.0 40.6
Dividends received
169.0 163.2
Net cash inflow 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)
0.2
0.1
– –
321.8
Redemption of Tier 1 notes
(350.6)
(77.6) (15.6)
Decrease in borrowings (net of costs)
– –
Dividends paid
11.2 17.1
Net coupon received on Tier 1 notes Net interest received on borrowings
2.9
15.6
Net cash outflow from financing activities
(64.7) (59.1)
(10.2)
Net (decrease)/increase in cash and cash equivalents
123.8
179.2 120.1
Cash and cash equivalents at start of year Cash and cash equivalents at end of year
55.4
179.2
11.1
Cash available on demand Units in liquidity funds
11.5
109.0 120.1
167.7 179.2
Cash and cash equivalents at end of year
186
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