Strategic report Governance Financial statements Other information SECTION 4: CONSOLIDATED STATEMENT OF CASH FLOWS CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2021 Year ended Year ended 30 June 2021 30 June 2020 Note £m £m Net cash from operating activities Profit for the year after tax 296.3 313.2 Adjustments for: Income tax expense 69.7 65.1 Gain on disposal of subsidiary 4.1 – (38.8) Depreciation of plant and equipment 9.0 8.4 Amortisation of intangible assets 6.1 5.2 Impairment of intangible assets 1.1 – Share-based payment expense 4.5 3.6 Interest on lease liabilities 0.7 0.7 Gain on termination of lease (0.3) – Increase in provisions 2.0 0.1 Operating cash flows before movements in working capital 389.1 357.5 Increase in receivables (66.0) (209.6) Increase in payables 75.8 208.9 Increase in net derivative position – 0.1 Cash generated from operations 398.9 356.9 Income tax paid (70.3) (91.5) Net cash generated from operating activities 328.6 265.4 Investing activities Decrease / (increase) in term deposits 170.0 (15.0) Purchase of property, plant and equipment (5.4) (5.8) Purchase of intangible assets (12.8) (10.1) Proceeds on disposal of subsidiary 4.1 0.2 38.2 (Purchase) / proceeds on disposal of investments (0.3) 0.5 Net cash generated from/(used in) investing activities 151.7 7.8 Financing activities Purchase of own shares in EBT (7.7) (14.8) Proceeds on sale of own shares in EBT 4.3 5.8 Payment of principal in relation to lease liabilities 2.11 (4.0) (4.3) Dividends paid to owners of the parent (263.5) (203.3) Net cash used in financing activities (270.9) (216.6) Net increase in cash and cash equivalents 209.4 56.6 Cash and cash equivalents at beginning of year 2.7 235.9 179.3 Cash and cash equivalents at end of year (including restricted cash) 2.7 445.3 235.9 161 Hargreaves Lansdown Report and Financial Statements 2021