XML 421 R25.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Trade receivables | 12 Months Ended
--- | ---
Jun. 30, 2022
Trade receivables. |
Trade receivables |
19 | Trade receivables
​
​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021
​ | ​ | £’000 | ​ | £’000
Trade receivables |  | 91,207 |  | 75,745
Less: provision for impairment of trade receivables |  | (12,240) |  | (4,971)
Net trade receivables |  | 78,967 |  | 70,774
Less: non-current portion |  | ​ |  | ​
Trade receivables |  | 29,757 |  | 20,404
Current trade receivables |  | 49,210 |  | 50,370
​
(i) | Accounting policy
Trade receivables are amounts due from customers for goods sold or services performed in the ordinary course of business. Trade receivables are recognized initially at fair value. The Group holds trade receivables with the objective to collect the contractual cash flows and therefore measures them subsequently at amortized cost using the effective interest method, less provision for impairment. Details about the Group’s impairment policies and the calculation of the provision for impairment are provided in Note 30.1(b). If collection is expected in one year or less, they are classified as current assets. If not, they are presented as non-current assets.
(ii) | Amounts included in trade receivables
Net trade receivables include transfer fees receivable from other football clubs of £50,418,000 (2021: £43,153,000) of which £29,757,000 (2021: £20,404,000) is receivable after more than one year. Net trade receivables also include £19,903,000 (2021: £19,032,000) of deferred revenue that is contractually payable to the Group, but recorded in advance of the earnings process, with corresponding amounts recorded as contract liabilities — deferred revenue.
(iii) | Fair value of trade receivables
The fair value of net trade receivables as at 30 June 2022 was £80,150,000 (2021: £71,819,000) before discounting of cash flows.
(iv) | Impairment and risk exposure
Information about the impairment of trade receivables, their credit quality and the Group’s exposure to foreign exchange risk, interest rate risk and credit risk can be found in Note 30.

X
- Definition The disclosure of trade and other receivables. [Refer: Trade and other receivables] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2021-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2021-en-r&anchor=para_10_e&doctype=Standard -URIDate 2021-03-24 + Details
Name: | ifrs-full_DisclosureOfTradeAndOtherReceivablesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_TradeAndOtherReceivablesAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration