Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Consolidated Statement of Financial Position

v3.22.1
Consolidated Statement of Financial Position
£ in Thousands
Dec. 31, 2021
GBP (£)
Dec. 31, 2020
GBP (£)
Dec. 31, 2019
GBP (£)
Non-current assets      
Property, plant and equipment £ 180,955 £ 35,214 £ 2,025
Right-of-use assets 92,254 50,720 6,769
Intangible assets and goodwill 261,514 26,660 3,188
Trade and other receivables 9,968 7,511 3,974
Total non-current assets 544,691 120,105 15,956
Current assets      
Inventory 364,585 114,694 42,970
Trade and other receivables 77,884 29,358 13,255
Cash and cash equivalents 192,629 243,524 34,539
Total current assets 635,098 387,576 90,764
Total assets 1,179,789 507,681 106,720
Current liabilities      
Trade and other payables 79,284 35,569 4,237
Loans and borrowings 180,540 88,077 32,477
Lease liabilities 18,826 6,540 1,510
Provisions 30
Total current liabilities 278,650 130,186 38,254
Loans and borrowings 68,113 2,126
Lease liabilities 71,574 41,508 4,358
Warrants 42,692
Provisions 7,985 3,363 552
Deferred tax 86
Total non-current liabilities 190,450 46,997 4,910
Total liabilities 469,100 177,183 43,164
Net assets 710,689 330,498 63,556
Share capital 55
Share premium 902,586 266,120 81,500
Merger reserve 420,834 181,250
Retained earnings (611,209) (116,872) (17,944)
Foreign currency translation reserve (1,577)
Total equity £ 710,689 [1] £ 330,498 [1] £ 63,556
[1] The consolidated financial statements are prepared as a continuation of the financial statements of Cazoo Holdings Limited, the accounting acquirer, with a recapitalization to reflect the capital structure of Cazoo Group Ltd. The 2020 comparatives are based on the operations of Cazoo Holdings Limited prior to the Transaction. The 2019 comparatives are based on a continuation of the operations of Cazoo Limited prior to the restructuring on June 10, 2020 where Cazoo Holdings Limited was inserted as a new parent company of Cazoo Limited resulting in a merger reserve. Refer to Note 1 for further details.