The analysis below shows the reconciliation of net debt: 2021 2020 £’m £’m Net cash/(debt) at 28 June 2020 and 30 June 2019 45.4 (25.3) Net increase in cash and cash equivalents (excluding foreign exchange revaluations) 41.0 70.7 Effect of foreign exchange (note 5) (2.4) 0.3 Repayments of Revolving Credit Facility 45.0 165.0 Drawdowns of Revolving Credit Facility – (165.0) Change in net debt resulting from cash flows 83.6 71.0 Amortisationof debt issue costs (note 5) (0.2) (0.3) Movement in net debt 83.4 70.7 Net cash represented by Cash and cash equivalents (note 15) 128.6 90.0 Non-current borrowings (note 18) – (45.0) Net cash including unamortised debt issue costs 128.6 45.0 Unamortised debt issue costs (note 18) 0.2 0.4 Net cash at 26 June 2021 and 27 June 2020 128.8 45.4 19 Provisions Balance at Utilised in the Created in the Released in Balance at 27 June 2020 period period the period 26 June 2021 £’m £’m £’m £’m £’m Property-related 3.8 (0.6) 2.3 (1.0 ) 4.5 Property-related provisions consist of costs associated with vacant property and dilapidations. Dilapidations are based on the Directors’ best estimate of the Group’s future liabilities. 20 Issued share capital 2021 2020 Number of Ordinary Number of Ordinary Shares of 1p each Shares of 1p each In issue at the start of the period 202,833,931 202,833,931 In issue at the end of the period 202,833,931 202,833,931 2021 2021 2020 2020 Number of shares £’m Number of shares £’m Ordinary shares of 1p each: Authorised 500,000,000 5.0 500,000,000 5.0 Allotted, called up and fully paid 202,833,931 2.0 202,833,931 2.0 Proceeds received in relation to shares issued during the period were nil (2020: nil). DUNELM GROUP PLC ANNUAL REPORT & ACCOUNTS 2021 211 FINANCIAL STATEMENTSSTRATEGIC REPORTGOVERNANCE OTHER INFORMATION