Consolidated balance sheet at 31 May 2021
31 May 2020 (restated) 2 £m
1 June 2019 (restated) 2 £m
31 May 2021 £m
Notes
Non-current assets Goodwill
182.9
12 12 13 14 15 18
193.1 189.4
21.0 11.5 23.8
Intangible assets
29.0 13.9 28.7
38.3 16.9 26.5
Property, plant and equipment
Right-of-use assets
0.3 2.0
Investments
0.3 2.3
0.3 2.2
Deferred tax asset
Total non-current assets
241.5
267.3 273.6
Current assets Inventories
1.1
16 17
0.9
0.7
68.7
Trade and other receivables
73.4
61.6
4.5
Current tax receivable
0.6
0.6
116.5
Cash and cash equivalents
24
95.0
34.9
Total current assets
190.8
169.9
97.8
Total assets
432.3
437.2 371.4
Current liabilities Trade and other payables
45.2
19 24 20 25 21 22
46.4
31.6
–
Borrowings
–
5.0 5.2
5.1 4.0 0.8 2.4
Lease liabilities
5.3
Current tax payable
– –
– –
Derivative financial instruments
Provisions
2.0
0.2
43.6
Contract liabilities – deferred revenue
39.5
36.2
Total current liabilities
101.1
93.2
78.2
Non-current liabilities Borrowings
33.2 29.3
24 20 18 21 22
99.2 32.9
50.1 30.5
Lease liabilities
1.2 0.6 0.7
Deferred tax liabilities
2.9 1.7 1.4
5.4 1.3
Provisions
Contract liabilities – deferred revenue
–
Total non-current liabilities
65.0
138.1
87.3
Total liabilities
166.1
231.3 165.5
Net assets
266.2
205.9 205.9
Equity Share capital Share premium Hedging reserve Merger reserve
3.1
27 27 27 27 27 27
2.8
2.8
223.2
150.9 149.8
(0.8)
–
–
42.3 20.3
42.3 31.9
42.3 27.9
Currency translation reserve
(21.9)
Retained earnings
(22.0)
(16.9)
Total equity attributable to equity holders of the Parent
266.2
205.9 205.9
The accompanying Notes 1 to 35 are an integral part of these consolidated Financial Statements. These Financial Statements were approved and authorised for issue by the Board of Directors on 14 September 2021. They were signed on its behalf by:
Adam Palser
Tim Kowalski
Chief Executive Officer 14 September 2021
Chief Financial Officer 14 September 2021
134
NCC Group plc — Annual report and accounts for the year ended 31 May 2021
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