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Contract liabilities
12 Months Ended
Dec. 31, 2022
Contract liabilities [abstract]  
Contract liabilities
22.
Contract liabilities

Contract liabilities comprise entirely deferred revenue in respect of the Mallinckrodt, AstraZeneca plc, and Hansoh research collaborations. The current contract liabilities represent the amount of estimated revenue to be reported in the next 12 months related to amounts invoiced to our partners. Current and non-current contract liabilities include future revenue from collaboration recharged expenses, upfront payments, and milestones achieved to December 31, 2022.

 

 

 

December 31,

 

 

December 31,

 

 

 

 

 

2022

 

 

2021

 

 

 

 

 

£000s

 

 

£000s

 

 

 

Contract liabilities:

 

 

 

 

 

 

 

 

Current

 

 

8,864

 

 

 

4,247

 

 

 

Non-current

 

 

63,485

 

 

 

72,501

 

 

 

Total contract liabilities

 

 

72,349

 

 

 

76,748

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

£000s

 

 

 

 

 

 

Contract liabilities:

 

 

 

 

 

 

 

 

At January 1, 2021

 

 

68,379

 

 

 

 

 

 

Additions during period

 

 

20,392

 

 

 

 

 

 

Revenue unwound during period

 

 

(12,023

)

 

 

 

 

 

At December 31, 2021

 

 

76,748

 

 

 

 

 

 

At January 1, 2022

 

 

76,748

 

 

 

 

 

 

Additions during period

 

 

12,519

 

 

 

 

 

 

Revenue unwound during period

 

 

(16,918

)

 

 

 

 

 

At December 31, 2022

 

 

72,349