Page 76 - Pobl Annual Report FY25

74 Annual Report 2025
Free Cash Disclosure
Analysis of Changes in Net Debt
for the year ended 31 March 2025
Group
Notes 2025 2024
£’000 £’000
Cash flow from operating activities
Operating cash flow 49,331 52,834
Interest paid (37,745) (36,314)
Interest received 3,880 4,947
Adjustments for re-investment in existing properties
Disposal proceeds 20,933 6,766
Component replacements 12 (37,815) (22,311)
Free cash consumed before loan repayments (1,416) 5,922
Loans repaid (excluding revolving and credit overdrafts) (18,064) (17,489)
Free cash consumed after loan repayments (19,480) (11,567)
Free cash shows the level of cash generated, or consumed, by the existing portfolio of properties - it is the cash
left over after meeting all expenditure required to run operations on a daily basis, including loan interest, and
before loan repayments, investment in new homes and related grant receipts.
Notes 1 April 2024 Cash
flows
Non-cash
changes
31 March
2025
£’000 £’000 £’000 £’000
Cash 80,707 (27,854) - 52,853
Loans due < 1 year 23 (100,972) - (1,564) (102,536)
Loans due > 1 year 23 (636,223) (63,142) 1,057 (698,308)
(656,488) (90,996) (507) (747,991)