41061 Unite AR22 HI-RES WEB-READY - Flipbook - Page 186
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THE UNITE GROUP PLC | Annual Report and Financial Statements 2022
CONSOLIDATED STATEMENT OF CASH FLOWS
For the year ended 31 December 2022
Group
Net cash flows from operating activities
Note
2022
£m
2021
£m
5.1
160.2
171.3
Investing activities
Investment in joint ventures
(144.6)
–
Capital expenditure on properties
(316.5)
(95.9)
Acquisition of intangible assets
(8.4)
(3.2)
Acquisition of plant and equipment
(1.3)
(0.4)
Proceeds from sale of investment property
Interest received
Dividends received
Net cash flows from investing activities
234.1
307.3
0.2
–
38.5
(198.0)
37.1
244.9
Financing activities
Proceeds from the issue of share capital
Payments to acquire own shares
Interest paid in respect of financing activities
Swap cancellation FV settlements and debt exit costs
Proceeds from non-current borrowings
Repayment of borrowings
Dividends paid to the owners of the parent company
Withholding tax paid on distributions
1.1
1.1
(1.7)
(1.3)
(43.6)
(47.9)
–
(4.2)
105.7
147.0
–
(675.0)
(85.1)
(57.2)
(8.7)
(7.0)
Dividends paid to non-controlling interest
(1.3)
(0.6)
Net cash flows from financing activities
(33.6)
(645.1)
Net decrease in cash and cash equivalents
(71.4)
(228.9)
Cash and cash equivalents at start of year
109.4
338.3
38.0
109.4
Cash and cash equivalents at end of year
