31 Disposals Current year disposal of Fox Crypto business At 30 September 2024, the assets and liabilities associated with the planned disposal of Fox Crypto were classified as held for sale (for further details please refer to Note 16). On 28 March 2025, the Group completed the disposal of its entire 100% interest in Fox Crypto, a foreign operation, for total cash consideration of £65.6m. Following completion, no interest was retained in the entity, and no contingent consideration was recognised. The disposal resulted in an overall gain of £9.8m, recognised within Individually Significant Items (see Note 4 for further details). The assets and liabilities included as part of the disposal were as follows:
2025 £m
(52.1)
Attributable goodwill Intangible fixed assets Tangible fixed assets Right-of-use assets
(0.1) (1.0) (0.6) (0.5) (6.2) (2.2) (4.2)
Inventories
Trade and other receivables
Contract assets
Cash and cash equivalents Trade and other payables
2.7 2.8 0.6 0.6 7.9
Deferred revenue Lease liabilities
Provisions
Cumulative currency translation adjustment
(52.3)
Net assets disposed of Total consideration
65.6
(2.0)
Transaction costs incurred in the year ended 30 September 2025
Gain on disposal – recognised as an Individually Significant Item (Note 4) Transaction costs incurred during the 16 month period ended 30 September 2024
11.3
(1.5) (3.5)
Total transaction costs
Overall gain on disposal (Note 4)
9.8
Satisfied by: Cash and cash equivalents
65.6
Total consideration
65.6
As part of the disposal, £7.9m of foreign currency translation reserve relating to Fox Crypto was reclassified from equity to the Income Statement and recognised within the gain on disposal. The net cash inflow on disposal was £61.4m, comprising gross consideration of £65.6m less £4.2m of cash disposed of on completion. A gain on disposal of £11.3m has been recognised within ISIs in the year ended 30 September 2025. An additional £1.5m of related transaction costs were recognised in ISIs in the 16 month period ended 30 September 2024, bringing the total gain on disposal to £9.8m. Overall, total transaction costs total £3.5m, including the £2.0m incurred in the year ended 30 September 2025. Since completion of the deal, £0.1m of income has been earned under a six month transactional services agreement (TSA); this brings the overall gain on disposal recognised in relation to the disposal of Fox Crypto within FY25’s ISIs to £11.4m. Please refer to Note 4.
NCC Group plc — Annual report and accounts for the year ended 30 September 2025 155
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