Segment Information

6 Months Ended

Jun. 30, 2022

Disclosure Of Segment Information Text Block [Abstract]

5. Segment information

The following table presents the Group’s revenue and loss information for the Group’s operating segments for the six months ended June 30, 2022 and 2021, respectively:

	UK			EU			Total segments			Central costs			Consolidated
	£’000			£’000			£’000			£’000			£’000

Six months ended June 30, 2022
Revenue		583,220			44,648			627,868			—			627,868
Segment loss		(122,166	)		(30,715	)		(152,881	)		(22,286	)		(175,167	)

Six months ended June 30, 2021
Revenue		243,488			4,721			248,209			—			248,209
Segment loss		(58,734	)		(2,670	)		(61,404	)		(7,754	)		(69,158	)

“Segment loss” is the loss measure reported to the Group’s chief operating decision maker. It is defined as loss for the period from continuing operations adjusted for tax, finance income, finance expense, depreciation, amortization and impairment of intangible assets, share-based payment expense, fair value movement in warrants and embedded derivative and foreign exchange movements and exceptional items which do not relate to our core operations.

The following table presents assets and liabilities information for the Group’s operating segments as at June 30, 2022 and December 31, 2021, respectively:

	UK		EU		Total segments		Central costs		Consolidated
	£’000		£’000		£’000		£’000		£’000

At June 30, 2022
Assets		1,166,334		284,215		1,450,549		—		1,450,549
Liabilities		796,145		130,927		927,072		—		927,072

At December 31, 2021
Assets		1,002,796		176,993		1,179,789		—		1,179,789
Liabilities		401,758		67,342		469,100		—		469,100

Reconciliation of segment loss

Six months ended June 30, 2022	UK			EU			Total segments			Central costs			Consolidated
	£’000			£’000			£’000			£’000			£’000

Segment loss		(122,166	)		(30,715	)		(152,881	)		(22,286	)		(175,167	)
Tax credit		—			—			—			9,865			9,865
Finance income		—			—			—			571			571
Finance expense		—			—			—			(22,606	)		(22,606	)
Depreciation of property, plant and equipment and right-of-use assets		—			—			—			(26,552	)		(26,552	)
Amortization and impairment of intangible assets		—			—			—			(142,146	)		(142,146	)
Share-based payment expenses		—			—			—			(35,096	)		(35,096	)
Fair value movement in warrants and embedded derivative and foreign exchange movements		—			—			—			157,973			157,973
Exceptional items⁽¹⁾		—			—			—			(8,300	)		(8,300	)
Loss for the period		(122,166	)		(30,715	)		(152,881	)		(88,577	)		(241,458	)

¹	Exceptional items of £8.3 million include restructuring costs of £6.6 million, with the remainder primarily related to transaction costs incurred on the acquisition of brumbrum (as defined below).

Six months ended June 30, 2021	UK			EU			Total segments			Central costs			Consolidated
	£’000			£’000			£’000			£’000			£’000

Segment loss		(58,734	)		(2,670	)		(61,404	)		(7,754	)		(69,158	)
Tax credit		—			—			—			7,326			7,326
Finance income		—			—			—			166			166
Finance expense		—			—			—			(1,793	)		(1,793	)
Depreciation, amortization and impairment of intangible assets		—			—			—			(10,531	)		(10,531	)
Amortization and impairment of intangible assets		—			—			—			(4,618	)		(4,618	)
Share-based payment expenses		—			—			—			(12,688	)		(12,688	)
Fair value movement in warrants and embedded derivative and foreign exchange movements		—			—			—			—			—
Exceptional items		—			—			—			(10,817	)		(10,817	)
Loss for the period		(58,734	)		(2,670	)		(61,404	)		(40,709	)		(102,113	)