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

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

Revenue

Revenue

12 Months Ended

Dec. 31, 2021

Disclosure of revenue [text block] [Abstract]

Revenue

5. Revenue

5.1 Disaggregated revenue information

The following is an analysis of the Group’s revenue for the year from continuing operations. Management assesses and monitors the revenue performance of the Group as a single segment.

	Year ended December 31 2021 £’000		Year ended December 31 2020 £’000		Year ended December 31 2019 £’000
Type of goods
Retail		500,607		150,420		1,078
Wholesale		104,150		8,667		90
Other sales		63,057		3,121		8
		667,814		162,208		1,176

Geographical markets
UK		655,423		162,208		1,176
Europe		12,391		-		-
		667,814		162,208		1,176

Recognition of revenue
Revenue from contracts with customers		647,043		162,208		1,176
Other revenue		20,771		-		-
		667,814		162,208		1,176

5.2 Contract balances

	At December 31 2021 £’000			At December 31 2020 £’000			At December 31 2019 £’000

Trade receivables		14,797			7,243			291
Contract assets		3,451			599			8
Contract liabilities		(7,911	)		(9,059	)		(385	)

All contract assets and liabilities are short term in nature and are derecognized within one month of the reporting period end across both 2021, 2020 and 2019 financial years.

Revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) at the year-end is summarized as below.

Within one
month as at
December 31,
2021

Within one
month as at
December 31,
2020

Within one
month as at

December 31,
2019

£’000

Undelivered vehicles

7,911

9,059

385