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Revenue from contracts with customers | 6 Months Ended
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Dec. 31, 2020
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
|  | 2020 |  | 2019 |  | 2020 |  | 2019
|  | £’000 |  | £’000 |  | £’000 |  | £’000
Sponsorship |  | 37,780 |  | 45,147 |  | 74,286 |  | 98,777
Retail, merchandising, apparel & product licensing |  | 24,832 |  | 25,513 |  | 48,028 |  | 52,278
Commercial |  | 62,612 |  | 70,660 |  | 122,314 |  | 151,055
Domestic competitions |  | 51,706 |  | 50,440 |  | 87,989 |  | 78,327
European competitions |  | 55,421 |  | 11,935 |  | 65,054 |  | 14,949
Other |  | 1,577 |  | 2,322 |  | 3,259 |  | 4,297
Broadcasting |  | 108,704 |  | 64,697 |  | 156,302 |  | 97,573
Matchday |  | 1,534 |  | 33,098 |  | 3,206 |  | 55,198
|  | 172,850 |  | 168,455 |  | 281,822 |  | 303,826
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 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
Recognized in revenue during the period |  | 44,249
Cash received/amounts invoiced during the period |  | (76,381)
At 30 June 2020 |  | 45,966
Recognized in revenue during the period |  | 64,354
Cash received/amounts invoiced during the period |  | (44,525)
At 31 December 2020 |  | 65,795
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. The Group considered the current and expected future economic impact surrounding the COVID-19 pandemic and determined that there was no material impact on impairment of contract assets. 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 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)
Recognized in revenue during the period |  | 99,527 |  | — |  | 99,527
Cash received/amounts invoiced during the period |  | (122,678) |  | — |  | (122,678)
Reclassified to current during the period |  | (4,846) |  | 4,846 |  | —
At 30 June 2020 |  | (171,574) |  | (18,759) |  | (190,333)
Recognized in revenue during the period |  | 82,929 |  | — |  | 82,929
Cash received/amounts invoiced during the period |  | (43,815) |  | — |  | (43,815)
Reclassified to current during the period |  | (4,987) |  | 4,987 |  | —
At 31 December 2020 |  | (137,447) |  | (13,772) |  | (151,219)
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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