24. Cash flows 24.1 Reconciliation of net profit/ (loss) to net cash flows from/ (used in) operating activities
Reconciliation of net profit/(loss) to net cash flows from/(used in) operating activities including discontinued operations
2023 $M
2022 $M
NOTE
1,715.8
Net profit/(loss) for the period
160.9
Items associated with sale of discontinued operations Gain on sale of discontinued operations classified as investing activities Costs of sale of discontinued operations classified as operating activities
(1,509.9)
5
–
(30.1)
5
–
Items classified as investing activities Gain on sale of investment in associate Items associated with investing activities Items classified as financing activities Items associated with lease liabilities
–
(7.1)
(31.6)
24.4
–
–
Non-cash items Depreciation and amortisation
258.1
289.8
(7.1)
Non-cash portion of interest costs (net) Fair value change on financial instruments
(10.6)
13.2
22.2
(3.6)
–
Impairment
40.2 53.2
59.3
Increase/(decrease) in deferred tax Increase/(decrease) in provisions
(0.6)
0.6 9.9
2.7
Other non-cash items
325.6
379.5
Changes in assets and liabilities Trade and other payables
97.1
(41.1)
(31.7)
Contract liabilities Contract assets
20.2
(2.1)
(2.3)
3.1
Inventories
(11.8)
(27.5)
Trade and other receivables
(4.1)
8.4
Income tax
0.2
47.3
(38.9)
Net cash flows from/(used in) operating activities including discontinued operations
517.1
518.8
100
Vector Annual Report 2023
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