XML 72 R37.htm IDEA: XBRL DOCUMENT v3.21.1
Revenue and segmental reporting (Tables)
12 Months Ended
Dec. 31, 2020
Revenue and segmental reporting [Abstract]  
Revenue and segmental reporting
Revenue recognized during 2020, 2019 & 2018 was from collaboration agreements with GlaxoSmithKline Intellectual Property Development Ltd (“GlaxoSmithKline”), Eli Lilly and Company (“Eli Lilly”), Genentech, Inc. (“Genentech”) and MedImmune LLC, a wholly owned subsidiary of AstraZeneca plc (“MedImmune”).

  
2020
£’000
  
2019
£’000
  
2018
£’000
 
GlaxoSmithKline
  
6,356
   
5,753
   
6,079
 
Eli Lilly
  
3,522
   
819
   
8,561
 
Genentech
  
20,236
   
19,097
   
1,461
 
MedImmune
  
-
   
-
   
7,553
 
   
30,114
   
25,669
   
23,654
 

United Kingdom
  
6,356
   
5,753
   
6,079
 
United States
  
23,758
   
19,916
   
17,575
 
   
30,114
   
25,669
   
23,654
 

The following tables presents changes in the Group’s trade receivables, contract assets and contract liabilities during the year ended December 31, 2020 and 2019.

  
At 1 January
2020
£’000
  
Additions
£’000
  
Deductions
£’000
  
At December
31, 2020
£’000
 
Trade receivables:
            
Trade receivables
  
1,186
   
4,023
   
(5,209
)
  
-
 
Total receivables
  
1,186
   
4,023
   
(5,209
)
  
-
 
Contract assets:
                
Contract assets
  
424
   
1,658
   
-

  
2,082
 
Total contract assets
  
424
   
1,658
   
-
 
  
2,082
 
Contract liabilities:
                
Deferred revenue
  
76,418
   
-
   
(24,432
)
  
51,986
 
Total contract liabilities
  
76,418
   
-
   
(24,432
)
  
51,986
 

  
At 1
January
2019
£’000
  
Additions
£’000
  
Deductions
£’000
  
At
December 31,
2019
£’000
 
Trade receivables:
            
Trade receivables
  
3,600
   
3,431
   
(5,845
)
  
1,186
 
Total receivables
  
3,600
   
3,431
   
(5,845
)
  
1,186
 
Contract assets:
                
Contract assets
  
-
   
424
   
-
   
424
 
Total contract assets
  
-
   
424
   
-
   
424
 
Contract liabilities:
                
Deferred revenue
  
98,232
   
-
   
(21,814
)
  
76,418
 
Total contract liabilities
  
98,232
   
-
   
(21,814
)
  
76,418
 

No revenue was recognized in 2020, 2019 or 2018 relating to performance obligations satisfied in previous years.

  
2020
£’000
  
2019
£’000
 
Current deferred revenue (Note 23)
  
27,118
   
28,457
 
Non-current deferred revenue (Note 19)
  
24,868
   
47,961
 
   
51,986
   
76,418