Strategic report Governance Financial statements Other information SECTION 4: CONSOLIDATED STATEMENT OF CASH FLOWS NOTES TO THE GROUP FINANCIAL STATEMENTS CONSOLIDATED STATEMENT OF CASH FLOWS 4.1 Disposal of subsidiary There were no disposals in the current year and the below disclosures are presented for The results of FundsLibrary which have been included in the profit for the prior year, were as follows: comparison only. 28 February On 28 February 2020 the Group disposed of its interest in FundsLibrary Limited (FundsLibrary) to 2020 Broadridge Financial Systems Inc. The Group held 78% of the total share capital of FundsLibrary £m Limited and received £48.8 million for its holding. Revenue 6.5 Expenses (4.7) The carrying amount of the assets and liabilities of Funds Library at the date of disposal were as follows: Profit before tax 1.8 Attributable tax expense (0.3) 28 February Net profit attributable to Funds Library (attributable to the owners of the Company) 1.5 2020 Net profit attributable to Non-Controlling Interests 0.3 £m Tangible fixed assets 0.7 Net profit attributable to Owners of the parent 1.2 Intangible assets 0.1 Cash 9.3 Trade receivables 3.6 Current liabilities (2.4) Non-current liabilities (0.5) Net assets disposed of 10.8 Non-controlling interest (2.1) Net assets controlled by Group 8.7 Total consideration received by Group 48.8 Costs to sell (1.3) Gain on disposal included in Consolidated Income Statement 38.8 Total consideration 28 February 2020 £m Satisfied by: Cash and cash equivalents 48.8 Net cash inflow arising on disposal: Consideration received in cash and cash equivalents 48.8 Less: cash and cash equivalents disposed of 9.3 Less: cash paid in relation to costs to sell 1.3 38.2 162 Hargreaves Lansdown Report and Financial Statements 2021