Team Internet Business Overview
Balance sheet
FY
FY
($, m)
2023
2022
% Change
Non-Current Assets
347.1
365.0
-5%
Current Assets
199.6
193.6
3%
Total Assets
546.7
558.6
-2%
Non-Current Liabilities
184.9
194.0
-5%
Current Liabilities
208.3
197.6
5%
Total Liabilities
393.2
391.6
0%
Total Equity
153.5
167
-8%
Total Equity and Liabilities
546.7
558.6
-2%
FY
($, m)
2023
FY
2022
% Change
Gross interest-bearing debt
166.6
151.2
10%
Financial Instruments¹
0.2
0.3
n.m.
Cash
92.7
94.8
-2%
Net debt²
74.1
56.6
31%
Notes:
(1) Represents mark-to-market valuation of interest swaps, which fix the variable interest component of USD 75m of bank debt
(2) Includes gross cash, bank debt, prepaid finance costs and MTM valuation of interest rate swaps
Net debt increased by USD 17.5m since
FY 2022 due to:
The Company returning cash to
shareholders via a share buyback
programme (USD 40m)
Dividend payment (USD 4m)
Settlement of deferred contingent
consideration (USD 22m)
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