NCC Group plc Annual Report 2022

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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