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

Discontinued Operations

v3.22.1
Discontinued Operations
 12 Months Ended
Dec. 31, 2021
Discontinued operations [Abstract]  
Discontinued operations

11. Discontinued operations

 

For the comparative year ended December 31, 2020 the Imperial Car Supermarkets Limited (“Imperial”) dealership centers were treated as a discontinued operation in accordance with IFRS 5. The dealership centers were converted to Cazoo Customer Centers in order to align with the Group’s online strategy. There were no discontinued operations in 2021 or 2019.

 

Results of discontinued operations

 

    Year ended
December 31
2020
£’000		  
       
Revenue     27,194  
Expenses     (30,315 )
         
Operating loss     (3,121 )
         
Finance expense     (688 )
         
Loss before tax from discontinued operations     (3,809 )
         
Tax expense    
-
  
         
Loss for the year from discontinued operations     (3,809 )
         
Earnings per share:        
Basic loss per ordinary share from discontinued operations   £ (0.01 )
Diluted loss per ordinary share from discontinued operations   £ (0.01 )
         
Net cash flows from/(used in) discontinued operations:        
Operating     23,581  
Investing    
-
  
Financing     (34,987 )
         
Net cash (outflow)/inflow     (11,406 )