NCC Group plc Annual Report 2021

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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