Strategic report Governance Financial statements Other information SECTION 6: COMPANY FINANCIAL STATEMENTS NOTES TO THE COMPANY FINANCIAL STATEMENTS CONTINUED 6.6 Trade and other receivables 6.9 Notes to the company statement of cash flows Year ended Year ended Year ended Year ended 30 June 2021 30 June 2020 30 June 2021 30 June 2020 £m £m £m £m Financial assets Profit for the year after tax 197.2 214.1 Amounts receivable from subsidiaries and EBT 155.2 162.2 Adjustments for: Term deposits 60.0 230.0 Income tax credit 0.2 0.7 215.2 392.2 Impairment in investment in subsidiary 16.0 – Non-financial assets: Gain on disposalof subsidiary – (47.2) Prepayments 0.4 0.9 Operating cash flows before movements in working capital: 213.4 167.6 215.6 393.1 (Increase) / decrease in trade receivables 7.4 (135.8) Increase / (decrease) in trade payables (51.5) 207.3 6.7 Cash and cash equivalents Cash generated from operations 169.3 239.1 Year ended Year ended 6.10 Share capital 30 June 2021 30 June 2020 £m £m Details of the Company’s share capital are as set out in note 3.1 to the consolidated financial Cash and cash equivalents statements. Company cash and cash equivalent balances 155.9 86.1 The share premium account represents the difference between the issue price and the nominal value of shares issued and was unchanged at £8,000 throughout the 2020 and 2021 financial years. Cash and cash equivalents comprise cash and institutional cash funds with near instant access. The capital redemption reserve relates to the repurchase and cancellation of the Company’s own No disclosures for financial instruments have been made in respect of the Company as the only shares and was unchanged at £12,000 throughout the 2020 and 2021 financial years. significant financial instruments held by the Company are cash and term deposit balances as shown above. Details of the movements in retained earnings are set out in the parent company statement of changes in equity. 6.8 Trade and other payables Year ended Year ended 30 June 2021 30 June 2020 £m £m Financial liabilities Amounts payable to subsidiaries 198.6 247.2 Other payables 0.4 1.0 Deferred income and accruals – 2.2 199.0 250.4 Amounts payable to subsidiaries comprise short term borrowing from subsidiaries, repayable on demand. The fair values of amounts owed to subsidiaries are equal to their carrying amounts. 176 Hargreaves Lansdown Report and Financial Statements 2021