11
Consolidated balance sheet as at 31 December 2020
31 December 2020
31 December 2019
31 December 2018
1 January 2018
Notes
£’000
£’000
£’000
£’000
Assets Non-current assets Property, plant and equipment Right-of-use-assets Intangible assets Deferred tax assets Contract cost asset Contract assets Investments accounted for using the equity method Financial asset at fair value through profit or loss Total non-current assets
8 9 10 11 4 4 20
109,761 11,420 17,614 65 789 52 139,701
115,994 12,910 19,164 783 657 67 149,575
115,261 14,394 24,223 947 398 220 155,443
112,468 14,504 20,156 941 295 227 611 4,209 153,411
Current assets Inventories Trade receivables Other receivables Contract assets Contract cost asset Cash and equivalents (excluding bank overdrafts) Total current assets
12 7 7 4 4 7
4,452 26,252 3,216 146 715 10,602 45,383
4,148 36,081 8,337 348 579 7,259 56,752
3,180 37,739 6,036 295 430 16,930 64,610
3,355 34,853 6,500 163 341 19,781 64,993
185,084
206,327
220,053
218,404
7 7 9 4 6,7 11 13 14
(32,500) (10,000) (9,474) (2,831) (694) (9,825) (741) (4,278) (70,343)
(44,500) (10,000) (10,796) (2,418) (1,094) (10,184) (711) (2,601) (82,304)
(51,000) (10,000) (12,235) (1,992) (1,494) (9,838) (708) (2,275) (89,542)
(51,000) (10,000) (12,523) (2,071) (9,321) (725) (1,790) (87,430)
7 6 4 9
(31,876) (2,752) (1,995) (2,197) (38,820)
(35,049) (1,092) (1,478) (2,268) (39,887)
(36,560) (2,230) (1,390) (2,278) (42,458)
(36,810) (1,707) (1,120) (2,068) (41,705)
(109,163)
(122,191)
(132,000)
(129,135)
75,921
84,136
88,053
89,269
20,000 56,206 (285)
20,000 64,494 (358)
20,000 67,768 285
20,000 69,756 (487)
75,921
84,136
88,053
89,269
Total assets LIABILITIES Non-current liabilities Borrowings 2.5% Redeemable preference shares Lease liabilities Contract liabilities Other payables Deferred tax liabilities Employee benefit obligations Provisions Total non-current liabilities Current liabilities Trade and other payables Current tax liabilities Contract liabilities Lease liabilities Total current liabilities Total liabilities Net assets EQUITY Share capital and share premium Retained earnings Other reserves Total equity
15 15 15
The consolidated financial statements were approved by the board of Directors on 31 March 2021 and was signed on its behalf by:
H Narcy Chief Financial Officer The notes on pages 14 to 68 form an integral part of the consolidated financial statements.
