Financial Instruments

6 Months Ended

Jun. 30, 2021

Disclosure of financial instruments [text block] [Abstract]

Financial instruments

11. Financial instruments

11.1. Financial assets

Set out below, is an overview of financial assets, other than cash and short-term deposits, held by the Group as at June 30, 2021 and December 31, 2020:

	June 30 2021 £’000		December 31 2020 £’000
Debt instruments at amortised cost
Trade receivables		12,715		7,243
Contract assets		153		599
Lease deposits		1,954		2,653
		14,822		10,495
Current		14,822		10,495
Non-current		-		-

11.2. Financial liabilities

Set out below is an overview of financial liabilities held by the Group as at June 30, 2021 and December 31, 2020:

	June 30 2021 £’000		December 31 2020 £’000
Financial liabilities at amortised cost
Current:
Lease liabilities		14,125		6,540
Stocking loans		116,155		86,709
Mortgages		523		1,368
Warrants		6,648		-
		137,451		94,617
Non- current:
Lease liabilities		46,702		41,508
Mortgages		1,776		2,126
Warrants		-		-
		48,478		43,634

11.3. Fair value

Management assessed that the fair value of trade receivables, other receivables, stocking loans and trade and other payables approximate their carrying value due to the short-term maturities of these instruments.

The fair value of trade receivables, other receivables, stocking loans and trade and other payables has been measured using level 3 valuation inputs.