Consolidated cash flow statement continued for the year ended 31 May 2022
Reconciliation of net change in cash and cash equivalents to movement in net (debt)/cash 1
2022 £m
2021 £m 27.8 60.4
Notes
(44.6) (81.3)
Net (decrease)/increase in cash and cash equivalents
Change in (net debt)/cash 1 resulting from cash flows (net of deferred issue costs)
2.1
Interest incurred on borrowings Interest paid on borrowings Release of deferred issue costs Issue costs related to borrowings
(1.1)
(2.1) (0.4)
1.1
(0.2)
0.6 1.3
–
Effect of foreign currency on cash flows
(6.3)
(11.3)
Foreign currency translation differences on borrowings
5.8
Change in (debt)/cash 1 during the year
(135.7)
87.5
Net cash/(debt) 1 at start of year excluding lease liabilities
83.3
(4.2)
Net (debt)/cash 1 at end of year excluding lease liabilities
(52.4) (32.6)
83.3
Lease liabilities
20
(34.4)
Net (debt)/cash 1 at end of year
(85.0)
48.9
The accompanying Notes 1 to 34 are an integral part of these consolidated Financial Statements. 1 S ee Note 3 for an explanation of Alternative Performance Measures (APMs) and adjusting items, including a reconciliation to statutory information. Further information is also contained within the Glossary of terms on pages 203 and 204.
146
NCC Group plc — Annual report and accounts for the year ended 31 May 2022
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