Revenue |
5. Revenue
5.1 Disaggregated revenue information
The following is an analysis of the Group’s
revenue for the year from continuing operations. Revenue recognized from continuing operations has arisen entirely within the UK.
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Year ended December 31 2022 £’000 |
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Year ended December 31 2021 £’000 |
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Year ended December 31 2020 £’000 |
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Type of goods or services |
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Retail1 |
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1,103,557 |
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515,711 |
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153,541 |
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Wholesale |
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116,541 |
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103,203 |
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8,667 |
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Other sales1 |
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28,493 |
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36,509 |
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- |
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1,248,591 |
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655,423 |
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162,208 |
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Timing of revenue recognition |
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Goods and services transferred at a point in time |
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1,231,204 |
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645,952 |
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162,208 |
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Goods and services transferred over time |
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17,387 |
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9,471 |
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- |
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1,248,591 |
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655,423 |
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162,208 |
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1 | Retail includes the aggregate retail sales price and ancillary products
(including financing commission, warranty commission, paint protection and any add-ons), together with delivery charges and admin fees,
from all vehicles sold through the Group’s retail channel in the year. Ancillary revenues were previously presented in “Other
sales”. The comparatives for 2021 and 2020 have been restated for consistency (ancillary revenues were £15.2 million for the
year ended 31 December, 2021 and £3.1 million for the year ended December 31, 2020). |
5.2 Contract balances
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.
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Within one month as at December 31, 2022 |
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Within one month as at December 31, 2021 |
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£’000 |
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£’000 |
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Undelivered vehicles |
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19,374 |
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7,911 |
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