Annual report and accounts 2023 - Flipbook - Page 184
A.G. BARR p.l.c. Annual Report and Accounts 2023
Notes to the Accounts continued
23.
Provisions
Business
reorganisation
£m
Group
Customer
related
provisions
£m
Repairs/
Dilapidations
£m
Supplier related
commitments
£m
Total
£m
Opening provision at 24 January 2021
Provision created during the year
Provision utilised during the year
1.1
–
(0.5)
0.3
0.1
–
0.5
–
–
–
0.5
–
1.9
0.6
(0.5)
Closing provision at 30 January 2022
Provision created during the year
Provision utilised during the year
0.6
0.3
(0.6)
0.4
0.1
(0.4)
0.5
0.2
(0.3)
0.5
–
(0.5)
2.0
0.6
(1.8)
0.3
0.1
0.4
–
0.8
Business
reorganisation
£m
Customer
related
provisions
£m
Repairs/
Dilapidations
£m
Supplier related
commitments
£m
Total
£m
Closing provision at 29 January 2023
Company
Opening provision at 24 January 2021
Provision created during the year
Provision utilised during the year
1.1
–
(0.5)
0.3
0.1
–
0.3
–
–
–
0.5
–
1.7
0.6
(0.5)
Closing provision at 30 January 2022
Provision created during the year
Provision utilised during the year
0.6
0.3
(0.6)
0.4
0.1
(0.4)
0.3
–
(0.1)
0.5
–
(0.5)
1.8
0.4
(1.6)
0.3
0.1
0.2
Closing provision at 29 January 2023
–
0.6
The provisions above primarily relate to redundancy costs, customer related provisions, and for any known obligations for substantial repairs and supplier related
commitments. The majority of the provisions are expected to be utilised within 12 months.
24.
Other non-current liabilities
Group
Contingent consideration
Put liability
Company
2023
£m
2022
£m
2023
£m
2022
£m
0.8
–
–
5.0
0.8
–
–
–
0.8
5.0
0.8
–
On 5 December 2022, the Group acquired 100% of the shares and voting interests in Boost Drinks Holdings Limited (“Boost”) The acquisition consideration comprised both
an initial payment of £19.9m and a potential future consideration of up to £12.0m payable depending on the successful delivery of future performance during an earn-out
period commencing 1 December 2022 and ending 20 November 2024.
The put liability related to the initial purchase of a 62% stake in MOMA Foods Ltd under which the vendor had a right but not an obligation to sell the remaining 38% of the
Company to the Group in June 2025.
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