XML 432 R69.htm IDEA: XBRL DOCUMENT
v3.21.2

Financial risk management (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2021
Financial risk management |
Schedule of forward foreign currency contracts outstanding at balance sheet date | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2021 | ​ | 2020
​ | ​ | Average | ​ | Foreign | ​ | Notional | ​ | Fair | ​ | Average | ​ | Foreign | ​ | Notional | ​ | Fair
​ | ​ | exchange | ​ | currency | ​ | value | ​ | value | ​ | exchange | ​ | currency | ​ | value | ​ | value
​ |  | rate |  | €’000 |  | £’000 |  | £’000 |  | rate |  | €’000 |  | £’000 |  | £’000
Buy Euro |  | 1.1573 |  | (34,576) |  | (29,875) |  | (78) |  | 1.1626 |  | (46,976) |  | (40,405) |  | 2,633
Schedule of exposure to material foreign currency risk | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2021 | ​ | 2020
​ | ​ | Euro | ​ | US Dollar | ​ | Euro | ​ | US Dollar
​ |  | £’000 |  | £’000 |  | £’000 |  | £’000
Contract assets — accrued revenue |  | 4,477 |  | 2,499 |  | 2,945 |  | 2,277
Trade receivables | ​ | 44,855 | ​ | 10,274 | ​ | 56,226 | ​ | 88,554
Cash and cash equivalents | ​ | 57,004 | ​ | 17,290 | ​ | 24,219 | ​ | 2,642
Trade and other payables | ​ | (90,608) | ​ | (454) | ​ | (55,193) | ​ | (1,685)
Borrowings |  | — |  | (470,068) |  | — |  | (525,615)
Derivative financial liabilities | ​ | — | ​ | (5,121) | ​ | — | ​ | (9,136)
​ |  | 15,728 |  | (445,580) |  | 28,197 |  | (442,963)
Schedule of gross trade receivables analysed by due date and whether or not impaired | ​
​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020
​ |  | £’000 |  | £’000
Neither past due nor impaired |  | 58,579 |  | 154,946
Past due, not impaired | ​ | 12,195 | ​ | 4,733
Not past due, impaired | ​ | 549 | ​ | 2,559
Past due, impaired |  | 4,422 |  | 10,591
Gross trade receivables |  | 75,745 |  | 172,829
Schedule of movements on provision for impairment of trade receivables | ​
​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020
​ |  | £’000 |  | £’000
Provision as of 1 July |  | 13,150 |  | 12,954
Increase/(decrease) in provision recognized in profit or loss during the year |  | 1,054 |  | (1,185)
Unused amount reversed – cash received | ​ | (188) | ​ | (5,125)
Receivables written off during the year as uncollectible |  | (9,003) |  | (3,076)
Receivables offset against contract liabilities - deferred revenue |  | 90 |  | 9,530
Foreign exchange gains on retranslation recognized in profit or loss during the year |  | (132) |  | 52
Provision as of 30 June |  | 4,971 |  | 13,150
Schedule of contractual undiscounted cash flows including interest | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Less than 1 |  | Between 1 |  | Between 2 |  | ​
​ | ​ | year | ​ | and 2 years | ​ | and 5 years | ​ | Over 5 years
​ |  | £’000 |  | £’000 |  | £’000 |  | £’000
Trade and other payables excluding social security and other taxes(1) |  | 160,375 |  | 41,794 |  | 27,908 |  | —
Borrowings | ​ | 77,203 | ​ | 16,646 | ​ | 45,142 | ​ | 489,983
Lease liabilities |  | 1,488 |  | 493 |  | 487 |  | 3,642
​ |  | 239,066 |  | 58,933 |  | 73,537 |  | 493,625
Non-trading derivative financial instruments(2): |  | ​ |  | ​ |  | ​ |  | ​
Cash outflow |  | 1,793 |  | 1,707 |  | 1,707 |  | —
Cash inflow |  | (8) |  | — |  | — |  | —
At 30 June 2021 |  | 240,851 |  | 60,640 |  | 75,244 |  | 493,625
Trade and other payables excluding social security and other taxes(1) |  | 184,116 |  | 27,738 |  | 25,805 |  | —
Borrowings |  | 18,640 |  | 18,640 |  | 53,341 |  | 563,757
Lease liabilities | ​ | 1,164 | ​ | 436 | ​ | 804 | ​ | 3,701
​ |  | 203,920 |  | 46,814 |  | 79,950 |  | 567,458
Non-trading derivative financial instruments(2): |  | ​ |  | ​ |  | ​ |  | ​
Cash outflow | ​ | 2,284 | ​ | 2,284 | ​ | 4,568 | ​ | —
Cash inflow |  | (1,078) |  | (1,555) |  | — |  | —
At 30 June 2020 |  | 205,126 |  | 47,543 |  | 84,518 |  | 567,458
​
(1) | Social security and other taxes are excluded from trade and other payables balance, as this analysis is required only for financial instruments.
(2) | Non-trading derivatives are included at their fair value at the reporting date.
Schedule of net borrowings being hedged at balance sheet date | ​
​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020
​ |  | $’000 |  | $’000
USD borrowings |  | 650,000 |  | 650,000
Hedged USD cash |  | (23,700) |  | (3,025)
Net USD debt |  | 626,300 |  | 646,975
Hedged future USD revenues |  | (61,453) |  | (177,524)
Unhedged USD borrowings(1) |  | 564,847 |  | 469,451
Closing exchange rate |  | 1.3820 |  | 1.2374
Schedule of interest rate swaps at reporting date that are used to hedge borrowings | ​
​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020
Current hedged principal value of loan outstanding ($‘000) |  | 150,000 |  | 150,000
Rate received |  | 1 month $ LIBOR |  | 1 month $ LIBOR
Rate paid |  | Fixed 2.032% | ​ | Fixed 2.032%
Expiry date |  | 30 June 2024 |  | 30 June 2024
Schedule of movements on the hedging reserve | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Future |  | ​ |  | ​ |  | ​ |  | ​ |  | ​
​ | ​ | US dollar | ​ | Interest | ​ | ​ | ​ | Total, | ​ | ​ | ​ | Total,
​ | ​ | revenues | ​ | rate swap | ​ | Other | ​ | before tax | ​ | Tax | ​ | after tax
​ |  | £’000 |  | £’000 |  | £’000 |  | £’000 |  | £’000 |  | £’000
Balance at 1 July 2018 |  | (26,991) |  | 4,490 |  | (212) |  | (22,713) |  | (4,845) |  | (27,558)
Exchange differences on hedged foreign exchange risks |  | (6,350) |  | — |  | 168 |  | (6,182) |  | — |  | (6,182)
Reclassified to profit or loss |  | 6,004 |  | — |  | 246 |  | 6,250 |  | — |  | 6,250
Change in fair value |  | — |  | (6,788) |  | — |  | (6,788) |  | — |  | (6,788)
Tax relating to above | ​ | — | ​ | — | ​ | — | ​ | — | ​ | (1,266) | ​ | (1,266)
Movement recognized in other comprehensive income |  | (346) |  | (6,788) |  | 414 |  | (6,720) |  | (1,266) |  | (7,986)
Balance at 30 June 2019 |  | (27,337) |  | (2,298) |  | 202 |  | (29,433) |  | (6,111) |  | (35,544)
Exchange differences on hedged foreign exchange risks |  | (2,818) |  | — |  | 353 |  | (2,465) |  | — |  | (2,465)
Reclassified to profit or loss |  | 12,214 |  | — |  | (34) |  | 12,180 |  | — |  | 12,180
Change in fair value |  | — |  | (6,838) |  | — |  | (6,838) |  | — |  | (6,838)
Tax relating to above | ​ | — | ​ | — | ​ | — | ​ | — | ​ | 102 | ​ | 102
Movement recognized in other comprehensive income |  | 9,396 |  | (6,838) |  | 319 |  | 2,877 |  | 102 |  | 2,979
Balance at 30 June 2020 |  | (17,941) |  | (9,136) |  | 521 |  | (26,556) |  | (6,009) |  | (32,565)
Exchange differences on hedged foreign exchange risks | ​ | 4,325 | ​ | — | ​ | (2,490) | ​ | 1,835 | ​ | — | ​ | 1,835
Reclassified to profit or loss | ​ | 14,956 | ​ | — | ​ | 1,892 | ​ | 16,848 | ​ | — | ​ | 16,848
Change in fair value | ​ | — | ​ | 4,015 | ​ | — | ​ | 4,015 | ​ | — | ​ | 4,015
Tax relating to above | ​ | — | ​ | — | ​ | — | ​ | — | ​ | (569) | ​ | (569)
Movement recognized in other comprehensive income | ​ | 19,281 | ​ | 4,015 | ​ | (598) | ​ | 22,698 | ​ | (569) | ​ | 22,129
Balance at 30 June 2021 | ​ | 1,340 | ​ | (5,121) | ​ | (77) | ​ | (3,858) | ​ | (6,578) | ​ | (10,436)
​

X
- Definition The disclosure of financial assets that are either past due or impaired. [Refer: Financial assets] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Note Expiry date 2021-01-01 -Name IFRS -Number 7 -IssueDate 2020-01-01 -Paragraph 37 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2017-en-b&anchor=para_37&doctype=Standard&book=b -URIDate 2020-01-01 + Details
Name: | ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of information about amounts that affected the statement of comprehensive income as a result of hedge accounting. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2020-01-01 -Paragraph 24C -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2020-en-r&anchor=para_24C&doctype=Standard -URIDate 2020-01-01 + Details
Name: | ifrs-full_DisclosureOfInformationAboutAmountsThatAffectedStatementOfComprehensiveIncomeAsResultOfHedgeAccountingExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of carrying amounts of the group's material foreign currency denominated monetary assets and monetary liabilities. + References No definition available. + Details
Name: | manu_DisclosureOfCarryingAmountsOfForeignCurrencyDenominatedMonetaryAssetsAndMonetaryLiabilitiesTableTextBlock
Namespace Prefix: | manu_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of non-derivative financial liabilities and net-settled derivative financial liabilities by maturity. Amounts disclosed are the contractual undiscounted cash flows including interest. + References No definition available. + Details
Name: | manu_DisclosureOfContractualUndiscountedCashFlowsIncludingInterestTableTextBlock
Namespace Prefix: | manu_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition not applicable + References No definition available. + Details
Name: | manu_DisclosureOfFinancialRiskManagementAbstract
Namespace Prefix: | manu_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of details of the forward foreign currency contracts outstanding at the balance sheet date. + References No definition available. + Details
Name: | manu_DisclosureOfForeignCurrencyContractsTableTextBlock
Namespace Prefix: | manu_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of interest rate swaps at the balance sheet date that are used to hedge borrowings. + References No definition available. + Details
Name: | manu_DisclosureOfInterestRateSwapsAtBalanceSheetDateThatAreUsedToHedgeBorrowingsTableTextBlock
Namespace Prefix: | manu_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of movements on the provision for impairment of trade receivables. + References No definition available. + Details
Name: | manu_DisclosureOfMovementsOnProvisionForImpairmentOfTradeReceivablesTableTextBlock
Namespace Prefix: | manu_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of net borrowings being hedged at the balance sheet date. + References No definition available. + Details
Name: | manu_DisclosureOfNetBorrowingsBeingHedgedAtBalanceSheetDateTableTextBlock
Namespace Prefix: | manu_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration