i Table of contents 164

NCC Group plc annual report and accounts for the year ended…

Download our annual report and accounts for the year ended 31 May 2022

Strategic report		3
Highlights for the year ended 30 September 2025		3
At a glance		4
Chair’s statement		6
CEO’s review		8
Our business model		10
Market outlook		12
Our strategy		14
Stakeholder engagement		16
Sustainability		18
Risk management		31
Viability statement		40
Financial review		42
Governance		60
Chair’s introduction to governance		60
Governance framework		63
Board of Directors		64
Board composition and division of responsibilities		66
Shareholder engagement		72
Audit Committee report		73
Nomination Committee report		79
Cyber Security Committee report		81
Remuneration Committee report		83
Directors’ report		96
Directors’ responsibilities statement		100
Audited consolidated financial statements		101
Independent auditors’ report		101
Consolidated income statement		106
Consolidated statement of comprehensive income		106
Consolidated balance sheet		107
Consolidated cash flow statement		108
Consolidated statement of changes in equity		109
Company balance sheet		110
Company statement of changes in equity		111
Notes to the Financial Statements		112
1 Material accounting policies		112
2 Critical accounting judgements and key sources of estimation uncertainty		124
3 Segmental information		125
4 Individually Significant Items (ISIs)		128
5 Expenses and auditor’s remuneration		129
6 Staff numbers and costs		130
7 Finance costs		131
8 Taxation		131
9 Dividends		132
10 (Loss)/earnings per ordinary share		132
11 Goodwill and intangible assets		133
12 Property, plant and equipment		136
13 Right-of-use assets		137
14 Trade and other receivables		137
15 Deferred tax assets and liabilities (Group)		138
16 Discontinued operations and assets and liabilities held for sale		140
17 Trade and other payables		142
18 Lease liabilities		142
19 Provisions		143
20 Contract liabilities – deferred revenue		143
21 Contract assets		144
22 Cash and cash equivalents and borrowings		145
23 Financial instruments		146
24 Share-based payments		150
25 Called up share capital and reserves		154
26 Other financial commitments		154
27 Contingencies		154
28 Pension scheme		154
29 Related party transactions		154
30 Investments in subsidiary undertakings		155
31 Disposals		157
32 Audit exemption		158
Additional information		159
Appendix 1		159
Glossary of terms – other terms		161
Other information		163
Financial calendar		164

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