FINANCIAL STATEMENTS S TR Consolidated Statement of Cash Flows for the year ended 31 December 2023 A TE 2023 2022 G I Notes £m £m C Operating activities R E P Loss for the year (226.8) (527.7) O R Adjustments to reconcile loss for the year to net cash inflow from operating activities T Tax (credit)/charge on operations 9 (13.0) 32.7 Net finance costs 128.6 353.2 G O Depreciation of property, plant and equipment 4 90.3 77.8 VE Depreciation of right-of-use lease assets 4 9.3 11.0 R Amortisation of intangible assets 4 283.4 219.3 NAN Loss on sale/scrap of property, plant and equipment 2.6 – C Difference between pension contributions paid and amounts recognised in Income Statement (15.0) (12.1) E Decrease/(increase) in inventories 11.9 (78.4) (Increase)/decrease in trade and other receivables (82.3) 0.1 F I Increase in trade and other payables 50.9 81.5 NAN C Decrease in advances and customer deposits (66.0) (17.9) IAL Movement in provisions 3.4 0.7 S Other non-cash movements (0.3) 1.2 T A Other non-cash movements – Movements in hedging position and foreign exchange derivatives (7.2) (3.2) T E M Other non-cash movements – Increase in other derivative contracts (11.2) (2.3) E N Other non-cash movements – Movements in deferred tax relating to RDEC credit 9 (7.4) (3.5) T Cash generated from operations 151.2 132.4 S Decrease in cash held not available for short-term use 19 0.3 1.5 F Income taxes paid 9 (5.6) (6.8) U R T Net cash inflow from operating activities 145.9 127.1 H E Cash flows from investing activities R Interest received 7 13.5 2.2 INF Repayment of loan assets 18 0.5 – OR Payments to acquire property, plant and equipment (91.1) (58.6) M A T Cash outflow on technology and development expenditure (306.3) (228.3) I Net cash used in investing activities (383.4) (284.7) ON Cash flows from financing activities Interest paid 28 (122.5) (141.2) Proceeds from equity share issue 27 310.9 653.9 Proceeds from issue of warrants 27 15.0 – Proceeds from financial instrument utilised during refinancing transactions 7 – 4.1 Principal element of lease payments 28 (7.9) (10.0) Repayment of existing borrowings 28 (129.7) (172.7) Premium paid upon redemption of borrowings 28 (8.0) (14.3) Proceeds from inventory repurchase arrangement 21 38.0 75.7 Repayment of inventory repurchase arrangement 21 (40.0) (60.0) Proceeds from new borrowings 28 11.5 – Transaction fees paid on issuance of shares (7.6) (18.6) Transaction fees paid on financing activities 28 – (1.9) Net cash inflow from financing activities 59.7 315.0 Net (decrease)/increase in cash and cash equivalents (177.8) 157.4 Cash and cash equivalents at the beginning of the year 583.3 418.9 Effect of exchange rates on cash and cash equivalents (13.1) 7.0 Cash and cash equivalents at the end of the year 392.4 583.3 ASTON MARTIN LAGONDA ANNUAL REPORT AND ACCOUNTS 2023 146