Consolidated balance sheet at 31 May 2022
31 May 2022 £m
31 May 2021 £m
Notes
Non-current assets Goodwill
266.1 118.6
12 12 13 14 15 18
182.9
Intangible assets
21.0 11.5 23.8
12.9 22.0
Property, plant and equipment
Right-of-use assets
0.3 1.4
Investments
0.3 2.0
Deferred tax asset
Total non-current assets
421.3
241.5
Current assets Inventories
0.9
16 17
1.1
77.7
Trade and other receivables Derivative financial instruments
68.7
0.2 3.1
–
Current tax receivable
4.5
73.2
Cash and cash equivalents
24
116.5
Total current assets
155.1
190.8
Total assets
576.4
432.3
Current liabilities Trade and other payables
48.3 18.5
19 24 20 25 34 21 22
45.2
Borrowings
–
5.4 7.4
Lease liabilities
5.1 4.0 0.8
Current tax payable
–
Derivative financial instruments
1.9 2.7
Contingent consideration
–
Provisions
2.4
61.7
Contract liabilities – deferred revenue
43.6
Total current liabilities
145.9
101.1
Non-current liabilities Borrowings
107.1
24 20 18 21 22
33.2 29.3
27.2
Lease liabilities
1.6 0.8 0.6
Deferred tax liabilities
1.2 0.6 0.7
Provisions
Contract liabilities – deferred revenue
Total non-current liabilities
137.3
65.0
Total liabilities
283.2
166.1
Net assets
293.2
266.2
Equity Share capital Share premium Hedging reserve Merger reserve
3.1
27 27 27 27 27 27
3.1
224.0
223.2
–
(0.8)
42.3 35.1
42.3 20.3
Currency translation reserve
(11.3)
Retained earnings
(21.9)
Total equity attributable to equity holders of the Parent
293.2
266.2
The accompanying Notes 1 to 34 are an integral part of these consolidated Financial Statements. These Financial Statements were approved and authorised for issue by the Board of Directors on 6 September 2022. They were signed on its behalf by:
Chris Stone
Tim Kowalski
Non-Executive Chair 6 September 2022
Chief Financial Officer 6 September 2022
144
NCC Group plc — Annual report and accounts for the year ended 31 May 2022
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