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Unaudited Condensed Consolidated Statement of Changes in Equity
£ in Thousands
Class A Ordinary Shares
AJAX I
USD ($)
shares
Class B Ordinary Shares
AJAX I
USD ($)
shares
Additional Paid-in Capital
AJAX I
USD ($)
Retained earnings £’000
AJAX I
USD ($)
Retained earnings £’000
GBP (£)
Share capital £’000
GBP (£)
Share premium £’000
GBP (£)
Merger reserve £’000
GBP (£)
Foreign currency translation reserve £’000
GBP (£)
AJAX I
USD ($)
GBP (£)
Balance at Oct. 14, 2018            
Comprehensive income for the year                      
Net income / loss         (179)           (179)
Issue of share capital             31,500       31,500
Balance at Dec. 31, 2018         (179) 31,500     31,321
Comprehensive income for the year                      
Other comprehensive income                    
Share based payments         199           199
Comprehensive income for the year                      
Net income / loss         (17,964)           (17,964)
Total comprehensive loss                     (17,964)
Issue of share capital             50,000       50,000
Balance at Dec. 31, 2019         (17,944) 81,500   63,556
Comprehensive income for the year                      
Share based payments         326           326
Comprehensive income for the year                      
Group restructuring [1]         (181,250) 181,250  
Net income / loss         (30,766)           (30,766)
Total comprehensive loss         (30,766)           (30,766)
Issue of share capital             125,000       125,000
Balance at Jun. 30, 2020         (48,384) 25,250 181,250   158,116
Balance at Dec. 31, 2019         (17,944) 81,500   63,556
Comprehensive income for the year                      
Other comprehensive income                    
Share based payments         3,759           3,759
Comprehensive income for the year                      
Group restructuring [2]           (181,250) 181,250    
Net income / loss         (102,687)           (102,687)
Total comprehensive loss                     (102,687)
Issue of share capital             365,870       365,870
Balance at Dec. 31, 2020 $ 1,849 $ 894 $ 118,067,125 $ (113,069,866) (116,872) 266,120 181,250 $ 5,000,002 330,498
Balance (in Shares) at Dec. 31, 2020 | shares 18,487,578 8,944,343                  
Balance at Aug. 12, 2020 | $            
Balance (in Shares) at Aug. 12, 2020 | shares                  
Comprehensive income for the year                      
Issuance of Class B ordinary shares to Sponsor | $ $ 958 24,042           25,000  
Issuance of Class B ordinary shares to Sponsor (in Shares) | shares   9,583,333                  
Sale of 80,499,090 Units, net of underwriting discounts and offering costs | $ $ 8,050 738,236,185           738,244,235  
Sale of 80,499,090 Units, net of underwriting discounts and offering costs (in Shares) | shares 80,499,090                    
Forfeiture of Founder Shares | $ $ (64) 64            
Forfeiture of Founder Shares (in Shares) | shares   (638,990)                  
Class A ordinary shares subject to possible redemption | $ $ (6,201) (620,193,166)           (620,199,367)  
Class A ordinary shares subject to possible redemption (in Shares) | shares (62,011,512)                    
Net income / loss | $ (113,069,866)           (113,069,866)  
Balance at Dec. 31, 2020 $ 1,849 $ 894 118,067,125 (113,069,866) (116,872) 266,120 181,250 5,000,002 330,498
Balance (in Shares) at Dec. 31, 2020 | shares 18,487,578 8,944,343                  
Comprehensive income for the year                      
Change in value of Class A ordinary shares subject to redemption | $ $ (703)   (70,395,251)             (70,395,954)  
Change in value of Class A ordinary shares subject to redemption (in Shares) | shares (7,026,504)                    
Net income / loss | $       70,395,953           70,395,953  
Balance at Mar. 31, 2021 | $ $ 1,146 $ 894 47,671,874 (42,673,913)           5,000,001  
Balance (in Shares) at Mar. 31, 2021 | shares 11,461,074 8,944,343                  
Balance at Dec. 31, 2020 $ 1,849 $ 894 118,067,125 (113,069,866) (116,872) 266,120 181,250 5,000,002 330,498
Balance (in Shares) at Dec. 31, 2020 | shares 18,487,578 8,944,343                  
Comprehensive income for the year                      
Other comprehensive income                 76   76
Share based payments         12,505           12,505
Comprehensive income for the year                      
Net income / loss         (102,113)         58,486,892 (102,113)
Total comprehensive loss         (102,113)       76   (102,037)
Acquisition of subsidiaries               65,348     65,348
Balance at Jun. 30, 2021 $ 894 (121,559,198) (206,480) 266,120 246,598 76 (121,558,304) 306,314
Balance (in Shares) at Jun. 30, 2021 | shares 8,944,343                  
Balance at Mar. 31, 2021 | $ $ 1,146 $ 894 47,671,874 (42,673,913)           5,000,001  
Balance (in Shares) at Mar. 31, 2021 | shares 11,461,074 8,944,343                  
Comprehensive income for the year                      
Change in value of Class A ordinary shares subject to redemption | $ $ (1,146)   (47,671,874) (66,976,224)           (114,649,244)  
Change in value of Class A ordinary shares subject to redemption (in Shares) | shares (11,461,074)                    
Net income / loss | $       (11,909,061)           (11,909,061)  
Balance at Jun. 30, 2021 $ 894 $ (121,559,198) £ (206,480) £ 266,120 £ 246,598 £ 76 $ (121,558,304) £ 306,314
Balance (in Shares) at Jun. 30, 2021 | shares 8,944,343                  
[1] On June 10, 2020, the Group was subject to a restructuring where Cazoo Holdings Limited was inserted at the top of the Group as a new parent company resulting in a merger reserve.
[2] During the year, the Group was subject to a restructuring where Cazoo Holdings Limited was inserted at the top of the Group as a new parent company. Cazoo Limited became a wholly owned direct subsidiary of Cazoo Holdings Limited through a share for share exchange. Note 2.2 provides more detail on the basis of consolidation. The 2018 and 2019 balances are stated as though the transactions occurred within Cazoo Holdings Limited. In addition, the issue of share capital balance of £365.9m includes £99.8m of shares that were issued by the previous parent company, Cazoo Limited.