Annual report and accounts 2023 - Flipbook - Page 157
Strategic Report
Accounts
Corporate Governance
There are no material intersegment sales. All revenue is in relation to product sales, which is recognised at a point in time, upon delivery to the customer.
All of the assets and liabilities of the Group are managed on a central basis rather than at a segment level. As a result, no reconciliation of segment assets and liabilities to the
statement of financial position has been disclosed for either of the periods presented.
Included in revenues arising from the above segments are revenues of approximately £60.3m, which arose from sales to the Group’s largest customer (2022: £51.5m).
No other single customers contributed 10% or more to the Group’s revenue in either 2022 or 2023.
All of the segments included within “Soft drinks” and “Cocktail solutions” meet the aggregation criteria set out in IFRS 8 Operating Segments.
Geographical information
The Group operates predominantly in the UK with some worldwide sales. All of the operations of the Group are based in the UK.
Revenue
UK
Rest of the world
2023
£m
2022
£m
303.7
13.9
257.3
11.3
317.6
268.6
2023
£m
2022
£m
8.2
1.6
1.2
189.5
0.1
55.6
8.4
1.5
1.3
150.0
–
50.2
The rest of the world revenue includes sales to the Republic of Ireland and international wholesale export houses.
All of the assets of the Group are located in the UK.
3.
Profit before tax
The following items have been included in arriving at profit before tax:
Note
Depreciation of property, plant and equipment
Depreciation of right-of-use assets
Amortisation of intangible assets
Cost of inventories charged in cost of sales
Trade receivables impairment movement
Staff costs
12
13
11
20
4
R&D costs for the year totalled £1.4m (2022: £1.3m), with elements of these costs included in the table above.
Included within administration costs (Note 6) is the auditor’s remuneration, including expenses for audit and non-audit services.
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