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Revenue from contracts with customers | 6 Months Ended
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Dec. 31, 2019
Revenue from contracts with customers |
Revenue from contracts with customers | 6 Revenue from contracts with customers 6.1 Disaggregation of revenue from contracts with customers The principal activity of the Group is the operation of men’s and women’s professional football clubs. All of the activities of the Group support the operation of the football clubs and the success of the men’s first team in particular is critical to the on-going development of the Group. Consequently the chief operating decision maker (being the Board and executive officers of Manchester United plc) regards the Group as operating in one material segment, being the operation of professional football clubs. All revenue derives from the Group’s principal activity in the United Kingdom. Revenue can be analysed into its three main components as follows:
|  | Three months ended |  | Six months ended
|  | 31 December |  | 31 December
|  | 2019 |  | 2018 |  | 2019 |  | 2018
|  | £’000 |  | £’000 |  | £’000 |  | £’000
Sponsorship |  | 45,147 |  | 40,300 |  | 98,777 |  | 89,916
Retail, merchandising, apparel & product licensing |  | 25,513 |  | 25,644 |  | 52,278 |  | 51,928
Commercial |  | 70,660 |  | 65,944 |  | 151,055 |  | 141,844
Domestic competitions |  | 50,440 |  | 50,128 |  | 78,327 |  | 79,005
European competitions |  | 11,935 |  | 50,918 |  | 14,949 |  | 62,212
Other |  | 2,322 |  | 2,630 |  | 4,297 |  | 5,301
Broadcasting |  | 64,697 |  | 103,676 |  | 97,573 |  | 146,518
Matchday |  | 33,098 |  | 38,992 |  | 55,198 |  | 55,276
|  | 168,455 |  | 208,612 |  | 303,826 |  | 343,638
All non-current assets, other than US deferred tax assets, are held within the United Kingdom. 6.2 Assets and liabilities related to contracts with customers Details of movements on assets related to contracts with customers are as follows:
|  | Current
|  | contract assets
|  | – accrued
|  | revenue
|  | £’000
At 1 July 2018 |  | 38,018
Recognized in revenue during the period |  | 74,034
Cash received/amounts invoiced during the period |  | (32,556)
At 31 December 2018 |  | 79,496
Recognized in revenue during the period |  | 37,778
Cash received/amounts invoiced during the period |  | (77,742)
At 30 June 2019 |  | 39,532
Recognized in revenue during the period |  | 74,877
Cash received/amounts invoiced during the period |  | (36,311)
At 31 December 2019 |  | 78,098
A contract asset (accrued revenue) is recognized if commercial, broadcasting or matchday revenue performance obligations are satisfied prior to unconditional consideration being due under the contract. Details of movements on liabilities related to contracts with customers are as follows:
|  | Current |  | Non-current |  |
|  | contract |  | contract |  | Total contract
|  | liabilities – |  | liabilities – |  | liabilities –
|  | deferred |  | deferred |  | deferred
|  | revenue |  | revenue |  | revenue
|  | £’000 |  | £’000 |  | £’000
At 1 July 2018 |  | (180,512) |  | (37,085) |  | (217,597)
Recognized in revenue during the period |  | 112,215 |  | — |  | 112,215
Cash received/amounts invoiced during the period |  | (56,519) |  | (713) |  | (57,232)
Reclassified to current during the period |  | (4,846) |  | 4,846 |  | —
At 31 December 2018 |  | (129,662) |  | (32,952) |  | (162,614)
Recognized in revenue during the period |  | 128,956 |  | — |  | 128,956
Cash received/amounts invoiced during the period |  | (168,025) |  | (21,817) |  | (189,842)
Reclassified to current during the period |  | (21,415) |  | 21,415 |  | —
At 30 June 2019 |  | (190,146) |  | (33,354) |  | (223,500)
Recognized in revenue during the period |  | 125,635 |  | — |  | 125,635
Cash received/amounts invoiced during the period |  | (69,317) |  | — |  | (69,317)
Reclassified to current during the period |  | (9,749) |  | 9,749 |  | —
At 31 December 2019 |  | (143,577) |  | (23,605) |  | (167,182)
Commercial, broadcasting and matchday consideration which is received in advance of the performance obligation being satisfied is treated as a contract liability (deferred revenue). The deferred revenue is then recognized as revenue when the performance obligation is satisfied. The Group receives substantial amounts of deferred revenue prior to the previous financial year end which is then recognized as revenue throughout the current and, where applicable, future financial years.

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- Definition The entire disclosure for revenue from contracts with customers. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 15 -IssueDate 2019-01-01 -Section Presentation -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=15&code=ifrs-tx-2019-en-r&doctype=Standard&dita_xref=IFRS15_g105-109_TI -URIDate 2019-03-27 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 15 -IssueDate 2019-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=15&code=ifrs-tx-2019-en-r&doctype=Standard&dita_xref=IFRS15_g110-129_TI -URIDate 2019-03-27 + Details
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