Cash Flow: Half Year 2021

For half year ended 30 June 2021

 

1H 2021

£m

1H 20201

 £m

Cash generated from continuing operations 63.1
59.0
Net capital expenditure (8.6)
(15.8)
Net interest on cash and borrowings (2.5)
(3.2)
Tax paid (9.9)
(7.0)
Lease payments and interest (5.6)
(6.6)
Free cash flow before acquisitions, disposals and dividends2 36.5
26.4
Dividends paid to external plc shareholders (10.0) -
Net cash flows from other investing and financing activities 7.5
(7.2)
Net cash flows from discontinued operations -
(0.1)
Exchange movement and other non-cash movements 1.8
(10.6)
Opening net debt2 excluding lease liabilities (101.0)
(157.3)
Closing net debt2 excluding lease liabilities (65.2)
(148.8)
Closing lease liabilities (51.4)
(63.5)
Closing net debt2 (116.6)
(212.3)
1. 1H 2020 has been restated to classify the Group’s cumulative preference shares, totalling £0.4 million, as borrowings. See note 1 to the condensed consolidated financial statements.
2. Definitions of these non-GAAP measures can be found in the glossary of terms on page 44, reconciliations of the statutory results to the adjusted measures can be found on pages 15 to 19.