Notes to the Financial Statements continued for the year ended 31 May 2021
11 Earnings per ordinary share continued Adjusted basic EPS 1 is reconciled as follows:
2020 (restated) 2 £m
2021 £m
Statutory earnings (A)
10.0
6.4 8.8 1.4 7.9
6.4 2.8
Amortisation of acquired intangibles
Share-based payments
12.7
Individually Significant Items (see Note 5)
(5.1)
Tax effect of above items
(3.4)
Adjusted earnings (B)
26.8
21.1
2020 (restated) 2 Pence
2021 Pence
Adjusted earnings per ordinary share Basic (B/C)
9.5 9.5
7.6 7.5
Diluted (B/D)
12 Goodwill and intangible assets
Customer contracts and relationships £m
Development costs £m
Intangibles subtotal £m
Goodwill £m
Software £m
Total £m
Cost At 1 June 2019 – restated 2
255.6
20.7
12.7
87.1 120.5 376.1
Additions – restated 2
– – –
1.0 0.2
1.3
– – –
2.3
2.3
Transfers Disposals
(0.2) (2.3)
–
–
(9.1)
(11.4)
(11.4)
Effects of movements in exchange rates
3.7
–
–
1.1
1.1
4.8
At 31 May 2020 – restated 2
259.3
12.8
11.5
88.2 112.5 371.8
Additions Disposals
–
1.7
0.6
–
2.3
2.3
(10.2) (10.2)
– –
–
(13.0)
(13.0)
(23.2) (12.7)
Effects of movements in exchange rates
(0.4)
(2.1)
(2.5)
At 31 May 2021
238.9
14.5
11.7
73.1
99.3
338.2
Accumulated amortisation At 1 June 2019 – restated 2 Charge for year – restated 2
(66.2)
(18.9)
(7.5) (2.0)
(55.8)
(82.2) (11.8)
(148.4)
– – –
(1.0)
(8.8)
(11.8)
Disposals
9.1
2.3
–
11.4
11.4
Effects of movements in exchange rates
–
(0.1)
(0.8)
(0.9)
(0.9)
At 31 May 2020 – restated 2
(66.2)
(10.8)
(7.3)
(65.4)
(83.5)
(149.7)
Charge for year
–
(1.0)
(2.0)
(6.4)
(9.4)
(9.4)
Disposals
10.2
– –
–
13.0
13.0
23.2
Effects of movements in exchange rates
–
0.3
1.3
1.6
1.6
At 31 May 2021
(56.0)
(11.8)
(9.0)
(57.5)
(78.3)
(134.3)
Net book value At 31 May 2021
182.9
2.7
2.7
15.6
21.0
203.9
At 31 May 2020 – restated 2
193.1
2.0
4.2
22.8
29.0 222.1
160
NCC Group plc — Annual report and accounts for the year ended 31 May 2021
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