Consolidated income statement 1 for the year ended 31 May 2021
2020 (restated) 2, 3 £m
2021 £m
Notes
Revenue
270.5
4 4
263.7
(159.9)
Cost of sales
(159.3)
Gross profit
110.6
4
104.4
Administrative expenses Depreciation and amortisation Other administrative expenses Individually Significant Items
(19.7) (60.9) (12.7)
(23.6) (60.3)
5
(7.9)
Total administrative expenses
(93.3)
(91.8)
Operating profit
17.3
4 8 6 9
12.6
(2.5)
Finance costs
(3.0)
Profit before taxation
14.8
9.6
(4.8)
Taxation
(3.2)
Profit for the year attributable to the owners of the Company
10.0
6.4
Earnings per ordinary share
11
3.6p 3.5p
Basic EPS Diluted EPS
2.3p 2.3p
Consolidated statement of comprehensive (loss)/income for the year ended 31 May 2021
2020 (restated) 2 £m
2021 £m
Profit for the year attributable to the owners of the Company
10.0
6.4
Other comprehensive (loss)/income Items that may be reclassified subsequently to profit or loss (net of tax) Cash flow hedges – effective portion of changes in fair value
(0.8)
–
(11.6)
Foreign exchange translation differences
4.0
Total other comprehensive (loss)/income
(12.4)
4.0
Total comprehensive (loss)/income for the year (net of tax) attributable to the owners of the Company
(2.4)
10.4
The accompanying Notes 1 to 35 are an integral part of these consolidated Financial Statements.
Footnotes for consolidated Financial Statements 1 See Note 3 for an explanation of Alternative Performance Measures (APMs) and adjusting items, including a reconciliation to statutory information. Further information is also contained within the Glossary of terms on pages 187 and 188. 2 See Note 34 for an explanation of the prior year restatement recognised in relation to the adoption of the IFRIC agenda decision on cloud configuration and customisation costs in April 2021. 3 Results for the year ended 31 May 2020 have been re-presented to include adjusting items within statutory results.
NCC Group plc — Annual report and accounts for the year ended 31 May 2021
133
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