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Finance income (costs)

12 Months Ended

Dec. 31, 2021

Finance income/(costs)

Finance income/(costs)

8Finance income/(costs)

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​	​	​	​	​	​	​
​		2021		2020		2019
​	​	£ 000	​	£ 000		£ 000
Interest on loans from related parties		(483)		(709)	​	—
Bad debt write-off		(14)		—	​	(15)
Fair value losses	​	—	​	(18)	​	—
Interest expense on leases	​	(77)	​	(74)	​	(46)
Other		(1)		(6)	​	(5)
Total finance costs	​	(575)	​	(807)	​	(66)
Fair value gains	​	32,578	​	—	​	—
Other		12		—	​	—
Total finance income		32,590		—	​	—
Total finance income/(costs)	​	32,015	​	(807)	​	(66)

​

Interest on loans from related parties represents the interest charged by Imagination Industries Ltd, a company wholly owned by Stephen Fitzpatrick.

Fair value movements include a fair value gain on public and private warrants in issue of £6,817 thousand (note 21) in addition to a fair value gain on the Convertible Senior Secured Notes of £26,876 thousand (note 25).

Other finance costs include discount unwind on provisions for dilapidations.

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- References

No definition available.

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- Definition

The disclosure of finance income (cost). [Refer: Finance income (cost)]

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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