v3.22.2.2
Unaudited Condensed Consolidated Statement of Financial Position - GBP (£)
£ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Non-current assets    
Property, plant and equipment [1] £ 240,404 £ 180,955
Right-of-use assets [2] 122,238 92,254
Intangible assets and goodwill 195,357 261,514
Trade and other receivables 10,042 9,968
Non-current assets 568,041 544,691
Current assets    
Inventory 374,462 364,585
Trade and other receivables 106,848 77,884
Cash and cash equivalents 401,198 192,629
Current assets 882,508 635,098
Total assets 1,450,549 1,179,789
Current liabilities    
Trade and other payables 140,155 79,284
Loans and borrowings 221,746 180,540
Convertible notes and embedded derivative 1,299
Lease liabilities 22,437 18,826
Provisions 6,432
Current liabilities 392,069 278,650
Non-current liabilities    
Loans and borrowings 62,814 68,113
Convertible notes and embedded derivative 358,361
Warrants 5,675 42,692
Lease liabilities 98,522 71,574
Provisions 9,484 7,985
Deferred tax 147 86
Non-current liabilities 535,003 190,450
Total liabilities 927,072 469,100
Net assets 523,477 710,689
Share capital 55 55
Share premium 925,637 902,586
Merger reserve 420,834 420,834
Retained earnings (825,503) (611,209)
Foreign currency translation reserve 2,454 (1,577)
Total equity £ 523,477 £ 710,689 [3]
[1] Property, plant and equipment includes £155.5 million of subscription vehicles (December 31, 2021: £99.6 million).
[2] Right-of use-assets includes £12.4 million of subscription vehicles (December 31, 2021: £4.5 million).
[3] The 2021 comparatives are based on the operations of Cazoo Holdings prior to the Transaction. The unaudited condensed consolidated interim financial statements are prepared as a continuation of the financial statements of Cazoo Holdings, the accounting acquirer, with a recapitalization to reflect the capital structure of Cazoo Group Ltd. Refer to Note 1 for further details.