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Unaudited Condensed Consolidated Statement of Financial Position - GBP (£)
£ in Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Statement of cash flows [abstract]          
Loss for the period from continuing operations £ (151,255) £ (197,133) £ (518,122) £ (529,292) £ (98,878)
Gain/(Loss) for the period from discontinued operations 871 (44,325) (185,762) (14,217) (3,809)
Adjustments for:          
Depreciation and impairment of property, plant and equipment and right-of-use assets 38,319 26,552 57,577 28,791 11,759
Amortization and impairment of intangible assets 3,642 142,146 322,565 35,995 1,361
Finance income (2,671) (571) (2,131) (233) (486)
Finance expense 32,703 22,606 57,358 5,716 1,298
Share-based payment expense 1,881 35,096 44,496 43,871 3,759
IFRS 2 expense on the Transaction     240,810
Fair value movement in the Convertible Notes and embedded derivative, fair value movement in the warrants and foreign exchange movements (14,378) (157,973) (194,236) (26,671)
Tax credit (9,865) (10,012) (5,704) (969)
Fair value adjustments 252      
Impairment loss on remeasurement of the disposal group     2,518
Loss on disposal of property, plant and equipment 3,263 2,879
Gain on lease terminations (2,042)      
Loss on sale of discontinued operations 6,278 14,509
Loss on sale and leaseback transactions     1,934
(Decrease)/Increase in provisions (23,045) 5,679 31,646
Total (106,182) (177,788) (374,781) (220,934) (85,965)
Movements in working capital:          
Decrease/(Increase) in trade and other receivables 26,984 (20,988) 19,797 (23,192) (4,789)
Decrease/(Increase) in inventory 136,593 (8,125) 165,213 (247,745) (36,961)
Decrease/(Increase) in subscription vehicles 1,464 (62,001) (54,132) (80,925)
(Decrease)/Increase in trade and other payables (16,365) 54,353 (9,127) 16,074 10,394
Total working capital movements 148,676 (36,761) 121,751 (335,788) (31,356)
Other cash flows from operating activities:          
Interest received 2,671 571 2,131 233 478
Tax credit received 112 501 969
Net cash from/(used in) operating activities 45,277 (213,978) (250,398) (556,489) (115,874)
Cash flows from investing activities          
Purchases of property, plant and equipment (936) (18,677) (33,625) (29,466) (17,919)
Disposals of property, plant and equipment 1,633 8,320
Purchases and development of intangible assets (4,253) (14,973) (18,133) (14,260) (1,889)
Acquisition of subsidiaries, net of cash acquired (34,121) (33,142) (190,934) (16,530)
Deferred consideration paid     (5,554)
Disposal of discontinued operations, net of cash disposed of 19,247 (9,669)
Proceeds from sale and leasebacks 12,686 10,752
Proceeds from lease modifications 5,520 5,520
Net cash from/(used in) investing activities 15,691 (49,565) (75,531) (234,660) (36,338)
Cash flows from financing activities          
Net proceeds from Convertible Notes 460,021 460,021
Net proceeds from the Transaction     622,164
Issue of ordinary shares     348,870
Proceeds from warrants exercised from Drover acquisition     5,300
Exercise of share options     (1,540)
Proceeds from stocking loans 321,729 600,557 1,202,039 665,325 216,444
Proceeds from subscription facilities 33,035 101,967 107,683
Proceeds from secured asset financing, bank loans and mortgages     5,985
Repayment of stocking loans (400,971) (569,116) (1,218,427) (574,055) (196,082)
Repayment of subscription facilities (21,669) (35,430) (120,559) (60,386)
Repayment of secured asset financing, bank loans and mortgages (2,260) (3,334) (3,862) (683) (443)
Interest paid on loans and borrowings (8,582) (7,518) (18,724) (4,185) (1,298)
Lease payments (10,404) (14,294) (29,198) (18,597) (6,294)
Excess proceeds above fair value from sale and leasebacks 1,086 1,086
Net cash (used in)/from financing activities (122,157) 465,007 380,328 741,026 361,197
Net (decrease)/increase in cash and cash equivalents (61,189) 201,464 54,399 (50,123) 208,985
Cash and cash equivalents at the beginning of the period 258,321 192,629 192,629 243,524 34,539
Net foreign exchange difference (2,554) 7,105 11,293 (772)
Cash and cash equivalents at the end of the period £ 194,578 £ 401,198 £ 258,321 £ 192,629 £ 243,524