Consolidated statement of cash flows

Consolidated statement of cash flows

For the year ended 31 December 2024

Notes

2024

£’000

2023

£’000

Cash flows from operating activities

Purchases of investments

8

(340,761)

(126,660)

Sales of investments

8

150,425

232,000

Accrued interest repayments and other income

8

–

753

Expenses paid

(6,810)

(3,888)

Interest paid

(4,455)

(1,649)

Bank and other interest received

3,957

2,656

Net cash inflow (outflow) from operating activities

(197,644)

103,212

Cash flows from financing activities

Dividends paid

19

(7,939)

(7,939)

Proceeds from borrowings

21

174,471

96,541

Repayment of borrowings

21

(67,266)

(93,926)

Net cash inflow (outflow) from financing activities

99,266

(5,324)

Net increase (decrease) in cash and cash equivalents

(98,378)

97,888

Cash and cash equivalents at the beginning of the year

207,155

109,848

Effect of foreign exchange rate fluctuations

(5,419)

(581)

Cash and cash equivalents at the end of the year

11

103,358

207,155

Supplemental disclosure of non-cash operating activities:
Purchases of investments

8

(2,799)

(211,607)

Disposal of investments

8

2,799

211,364

Notes 1–23 are an integral part of these Consolidated Financial Statements.