Section 12
12.1 Borrowings
31 March 2023 £000 | 31 March 2023 £000 | |
Current | ||
Lease liabilities | 1,576 | 1,326 |
Total current borrowings | 1,576 | 1,326 |
Non-current | ||
Lease liabilities | 11,105 | 10,302 |
Total non current borrowings | 11,105 | 10,302 |
12.2 Reconciliation of liabilities arising from financial activities
Total 31 March 2023 £000 | Lease liability 31 March 2024 £000 | Total 31 March 2023 £000 | Lease liability 31 March 2023 £000 | |
Carrying value at 1 April | 11,628 | 11,628 | - | - |
Cash movements | ||||
Financing cash flows - payments and receipts of principal | (1,551) | (1,551) | (1,541) | (1,541) |
Financing cash flows - payments of interest | (130) | (130) | (119) | (119) |
Non-cash movements | ||||
Impact of implementing IFRS 16 on 1 April 2022 | - | - | 13,137 | 13,137 |
Additions | 322 | 322 | 290 | 290 |
Lease liability remeasurements | 2,285 | 2,285 | 366 | 366 |
Application of effective interest rate | 130 | 130 | 119 | 119 |
Early terminations | (2) | (2) | (624) | (624) |
Carrying value at 31 March | 12,682 | 12,682 | 11,628 | 11,628 |