Financial statements
Strategic report
Governance
125 OCU Group Annual report and financial statements 2026
Notes to the consolidated financial statements continued for the year ended 30 April 2026
19. Borrowings continued Analysis of changes in net funds
Currency exchange movements £000
At 1 May 2025 £000
On acquisition £000
Cash flow £000
At 30 April 2026 £000
Non-cash £000
Net cash Cash at bank and in hand
77,233
13,642
47,425
—
2,311
140,611
77,233
13,642
47,425
—
2,311
140,611
Debt Borrowings
(637,438)
(2,544)
(19,805)
(65,125)
(7,395)
(732,307)
Hire purchase contracts and finance leases
(18,846)
(5,471)
16,137
(36,569)
870
(43,879)
(656,284)
(8,015)
(3,668)
(101,694) (101,694)
(6,525)
(776,186)
Total
(579,051)
5,627
43,757
(4,214)
(635,575)
20. Leasing agreements Minimum lease payments fall due under hire purchase contracts as follows:
2026 £000
2025 £000
Net obligations repayable: Within one year
12,577 31,302 43,879
5,252
Between one and five years
13,594
18,846
The average lease term of finance leases is three years (2025: three). The Group’s obligations under finance leases are secured over the assets to which they relate.
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