Notes to the Financial Statements continued for the year ended 31 May 2021
4 Segmental information continued Revenue is disaggregated by primary geographical market, by category and timing of revenue recognition as follows:
Software Resilience £m
2021 Total £m
Software Resilience £m
2020 Total £m
Assurance £m
Assurance £m
Revenue by originating country UK and APAC
102.7
25.2
127.9
98.8 82.4 45.0
25.9 124.7
82.7 48.5
7.3 4.1
90.0 52.6
North America
7.8 3.8
90.2 48.8
Europe
Total revenue
233.9
36.6
270.5
226.2
37.5 263.7
Software Resilience £m
2021 Total £m
Software Resilience £m
2020 Total £m
Assurance £m
Assurance £m
Revenue by category Services
228.3
36.6
264.9
215.7
37.5 253.2
5.6
–
5.6
Products
10.5
–
10.5
Total revenue
233.9
36.6
270.5
226.2
37.5 263.7
Timing of revenue recognition Services and products transferred over time Services and products transferred at a point in time
47.9
24.0 12.6
71.9
41.4
25.7
67.1
186.0
198.6
184.8
11.8 196.6
Total revenue
233.9
36.6
270.5
226.2
37.5 263.7
There are no customer contracts in either 2021 or 2020 which account for more than 10% of segment revenue.
5 Individually Significant Items The Group separately identifies items as Individually Significant Items. Each of these is considered by the Directors to be sufficiently unusual in terms of nature or scale so as not to form part of the underlying performance of the business. They are therefore separately identified and excluded from adjusted results (as explained in Note 3).
2020 (restated) 2 £m
2021 £m
Individually Significant Items (ISIs)
5.1 7.6
Cloud configuration and customisation costs
7.9
Costs directly attributable to the acquisition of the IPM Software Resilience business
–
Total ISIs
12.7
7.9
Cloud configuration and customisation costs These costs relate to the material spend previously capitalised in relation to the Group’s Securing Growth Together digital transformation programme that have now been expensed following the adoption of the IFRIC agenda decision. The costs meet the Group’s policy for ISIs. See Note 34 for further details in relation to the prior year restatement. Costs directly attributable to the acquisition of the IPM Software Resilience business These costs are directly attributable to the material acquisition of the IPM Software Resilience business (see Note 35) and are therefore considered to meet the Group’s policy for ISIs. The nature of the costs includes legal, accountancy, due diligence and other advisory services.
156
NCC Group plc — Annual report and accounts for the year ended 31 May 2021
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