LucyGroup-ARA2024_spreads web ready_FINAL

CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024

BUSINESS OVERVIEW STRATEGIC REPORT CORPORATE GOVERNANCE FINANCIAL STATEMENTS SHAREHOLDER INFORMATION

2024 £000

2023 £000

2024 £000

2023 £000

Note

Cash flows from operating activities Operating profit before revaluation of investment property

Assets Non-current assets Goodwill

80,829

62,300

6,816

3,678 1,802

Depreciation, amortisation and impairments

6,736

10 11 12 13 15 24 23 18

3,678 2,465

303 229

Other income/(expense) Currency revaluation

(997) (985)

Other intangible assets

47,806 162,368

Property, plant and equipment

37,813 159,734

Operating cash flow before changes in working capital, interest and taxes

88,177

67,054

Investment property

2,981

Other long-term financial assets

2,626

(10,513)

13,644

Increase in inventories

(19,742) (12,212) 11,158

Defined benefit pension scheme surplus

12,277

2,535

972 194

Decrease/(increase) in trade and other receivables (Decrease)/increase in trade and other payables

Deferred tax assets Other receivables Non-current assets

787 554

(8,768) (2,363)

233,445

(Decrease)/increase in provisions

85

219,934

801

Change in derivative financial instruments Cash flow from changes in working capital

(164)

(18,308)

Current assets Inventories

(20,875)

110,188 69,604

17 18 19 15

99,324 71,715

Cash generated from operating activities

69,869

46,179

Trade and other receivables Derivative financial instruments Other short-term financial assets

–

209

2,945

30,453 81,473 291,718 525,163

Interest received

1,460

10,000 63,091 244.339 464,273

(1,069) (11,511)

Interest paid

(1,040) (10,428) 36,171

Cash and cash equivalents

Current Assets

Tax paid

Net cash from operating activities

60,234

Total assets

Investing activities Capital expenditure

Liabilities Non-current liabilities Provisions

(15,600)

(15,362)

269 375

8,116 7,352

Proceeds from disposal of property, plant and equipment

1,180

20 24 25 22 23 22

10,560

Proceeds from disposal and redemption of non-derivative financial assets

188

Pension and other employee obligations

6,458

(383)

12,029

Purchase of non-derivative financial assets Net cash used in investing activities

(347)

Borrowings

13,959

(15,339)

5,133

(14,341)

Corporation tax liabilities Deferred tax liabilities Other payables and liabilities

6,744

22,635

21,560

Free cash flow

44,895

2,285

21,830

3,093

Non-current liabilities

57,550

62,374

Financing activities Cash flow from borrowings

(1,930) (20,453) (4,388) (26,771)

Current liabilities Trade and other payables

(479)

64,341

Cash on deposit Dividends paid

(10,000) (2,833) (13,312)

21 21 19

70,540

8,727

Current tax liabilities

7,239

Net cash used in financing activities

592

Derivative financial instruments

–

Current liabilities Total liabilities

73,660 131,210 393,953

77,779 140,153 324,120

Net change in cash and cash equivalents Cash and cash equivalents, beginning of year Exchange differences on cash and cash equivalents Cash and cash equivalents, end of year

18,124 63,091

8,518

Net assets

56,455 (1,882) 63,091

258

81,473

Equity

492

Share capital Other reserves

27 28 28

492

(783)

(1,680)

393,425 393,134

Retained earnings

325,394 324,206

Equity attributable to owners of the parent

819

Non-controlling interest

(86)

Total equity

393,953

324,120

Approved by the Board of Directors on 20 March 2025 and signed on its behalf

C R Dick

G D Ashton

Executive Chairman

Group Finance Director

88

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Lucy Group Ltd Annual Report & Accounts 2024

LUCYGROUP.COM

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