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

Consolidated Statement of Financial Position

v3.23.1
Consolidated Statement of Financial Position - GBP (£)
£ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Non-current assets    
Property, plant and equipment £ 122,713 £ 180,955
Right-of-use assets 118,814 92,254
Intangible assets and goodwill 16,369 261,514
Trade and other receivables 6,500 9,968
Total non-current assets 264,396 544,691
Current assets    
Inventory 232,565 364,585
Trade and other receivables 56,259 77,884
Cash and cash equivalents 245,879 192,629
Other current assets 534,703 635,098
Assets held for sale 65,805
Total current assets 600,508 635,098
Total assets 864,904 1,179,789
Current liabilities    
Trade and other payables 68,201 79,284
Loans and borrowings 178,084 180,540
Convertible Notes and embedded derivative 1,301
Lease liabilities 28,596 18,826
Provisions 26,538
Other current liabilities 302,720 278,650
Liabilities directly associated with the assets held for sale 39,602
Total Current liabilities 342,322 278,650
Non-current liabilities    
Loans and borrowings 4,113 68,113
Convertible Notes and embedded derivative 347,739
Warrants 515 42,692
Lease liabilities 88,864 71,574
Provisions 8,752 7,985
Deferred tax 86
Total non-current liabilities 449,983 190,450
Total liabilities 792,305 469,100
Net assets 72,599 710,689
Share capital 55 55
Share premium 925,637 902,586
Merger reserve 420,834 420,834
Retained earnings (1,278,799) (611,209)
Foreign currency translation reserve 4,872 (1,577)
Total equity £ 72,599 £ 710,689 [1]
[1] The comparatives are based on the operations of Cazoo Holdings prior to the Transaction. The consolidated 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.