Investor Presentaiton
BOOHOO GROUP PLC
NOTES TO THE FINANCIAL STATEMENTS
(FORMING PART OF THE FINANCIAL STATEMENTS) CONTINUED
9 DIRECTORS' AND KEY MANAGEMENT COMPENSATION
2020
11 INTANGIBLE ASSETS
ANNUAL REPORT AND ACCOUNTS 2021
/// FINANCIAL STATEMENTS
2021
£ million
£ million
Patents and
licences
Short-term employee benefits
Post-employment benefits
17.6
15.1
£ million
Trademarks
£ million
Customer
lists
Computer
software
Total
£ million
£ million
£ million
0.2
0.2
Cost
Equity-settled share-based payment charges
2.7
2.2
20.5
17.5
Balance at 28 February 2019
Additions
0.6
25.1
5.8
11.9
43.4
19.1
0.3
3.8
23.2
Disposals
(1.1)
(1.1)
Directors' and key management compensation comprises the group directors and executive committee members. Directors' emoluments and
pension payments of boohoo group plc are detailed in the directors' remuneration report on page 76.
Balance at 29 February 2020
0.6
44.2
6.1
14.6
65.5
10 TAXATION
Additions
Disposals
71.4
2.0
12.3
85.7
(3.4)
(3.4)
Balance at 28 February 2021
0.6
115.6
8.1
23.5
147.8
2021
£ million
2020
£ million
Accumulated amortisation
Analysis of charge in year
Current tax on income for the
Adjustments in respect of prior year taxes
Deferred taxation
Balance at 28 February 2019
0.3
5.2
4.1
6.6
16.2
27.0
19.0
year
Amortisation for year
0.1
3.4
1.8
2.8
8.1
1.1
0.6
Disposals
(1.1)
(1.1)
3.2
(0.3)
Balance at 29 February 2020
0.4
8.6
5.9
8.3
23.2
Tax on profit
31.3
19.3
The
Income tax expense computations are based on the jurisdictions in which taxable profits were earned at prevailing rates in those jurisdictions.
company is subject to Jersey income tax at the standard rate of 0%. The reconciliation below relates to tax incurred in the UK where the
is tax resident. The total tax charge differs from the amount computed by applying the UK rate of 19.0% for the year (2020: 19.0%) to profit
before tax as a result of the following:
Amortisation for
Disposals
year
0.1
5.3
0.2
4.1
9.7
(3.4)
(3.4)
group
Balance at 28 February 2021
0.5
13.9
6.1
9.0
29.5
Net book value
2021
2020
At 28 February 2019
£ million
£ million
At 29 February 2020
Profit before tax
Profit before tax multiplied by the standard rate of corporation tax of the UK of 19.0% (2020: 19.0%)
Effects of:
124.7
92.2
At 28 February 2021
0.3
19.9
1.7
5.3
27.2
0.2
35.6
0.2
6.3
42.3
0.1
101.7
2.0
14.5
118.3
23.7
17.5
Expenses not deductible for tax purposes
Change in deferred tax rate
Adjustments in respect of prior year taxes
Overseas tax differentials
Depreciation on ineligible assets
Tax on profit
Tax recognised in the statement of changes in equity
Deferred tax (debit)/credit on movement in tax base of share options
5.8
0.4
0.1
1.1
0.6
0.2
0.5
0.7
31.3
19.3
(0.2)
2.2
Within the statement of comprehensive income, amortisation of acquired intangible assets (trademarks and customer lists) of £5.5 million
(2020: £5.2 million) is shown separately. The amount of amortisation of the other intangible assets included in distribution costs is £0.2 million
(2020: £0.4 million) and in administrative expenses is £4.1 million (2020: £2.6 million). Trademarks and customer list additions represent
amounts paid for those of the acquired brands: Oasis, Warehouse, Dorothy Perkins, Wallis and Burton £18.4 million and Debenhams £55 million.
No current tax was recognised in other comprehensive income (2020: Enil).
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