Investor Presentaiton
Summary funds flow
ROLLS
R
ROYCE
£m
2023 H1
2022 H1
Change
Underlying operating profit
673
125
548
Operating profit from discontinued operations
68
(68)
Depreciation, amortisation and impairment
489
455
34
1
Movement in provisions
(95)
(116)
21
Movement in Civil LTSA balance
727
433
294
Working capital (excluding Civil LTSA balance)
(576)
(269)
(307)
2
Capital element of lease payments
(157)
(85)
(72)
£0.8bn
Operating performance
improvement
£(0.3)bn
Working capital movements
Capital expenditure and investment
(268)
(161)
(107)
Settlement of excess derivatives
(210)
(265)
55
3
Tax and interest
Other
(158)
(254)
96
• £(0.1)bn
Other impacts
(69)
(8)
(61)
Free Cash Flow
356
(77)
433
...of which is continuing operations
356
(68)
424
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