AUB Group Limited Annual Report 2023

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2023

10 CASH AND CASH EQUIVALENTS (CONTINUED) a) Cashflow from operating activities

2023 $’000

2022 $’000

Profit after tax for the period

91,623

99,884

Equity accounted (profits) after income tax

(35,690) 38,203

(39,053)

Dividends/trust distributions received from associates

43,149 10,180

Amortisation of intangibles

35,920 3,469 12,024

Amortisation of capitalised project costs

675

Amortisation and impairment of Right of Use Asset

7,171 2,333 2,366

Depreciation of fixed assets Share options expensed

3,876

10,590 26,920

Adjustments to contingent consideration on acquisitions Remeasurement of put option and interest unwind Finance charge on movement in trust minority interests Profit on deconsolidation of controlled entity Interest unwind on contingent consideration Adjustments to fair value of associates and goodwill Profit/Loss from sale of associates, controlled entities and broking portfolios

(411)

3,620

636

10,999

–

(34,599) (4,447)

(6,782)

– –

12,126

(29,930)

(40,715)

Impairment of intangibles

6,342

8,439

Changes in assets and liabilities (Increase) in trade and other receivables (Decrease)/increase in trade and other payables Increase in deferred revenue from customers

(46,724) (19,239)

(7,387) 12,949

10,149

2,108

Increase/(decrease) in trust payables (Decrease)/increase in provisions

109,919 (6,054) (13,081) 16,222 202,238

(7,486) 12,061 (3,333) (1,249)

Change in deferred tax

Increase/(decrease) in provision for tax Net cash flows from operating activities

95,535

AUB GROUP ANNUAL REPORT 2023

104