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Revenue from contracts with customers | 6 Months Ended
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Dec. 31, 2022
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
​ | ​ | 2022 | ​ | 2021 | ​ | 2022 | ​ | 2021
​ |  | £’000 |  | £’000 |  | £’000 |  | £’000
Sponsorship | ​ | 50,423 | ​ | 35,215 | ​ | 108,234 | ​ | 71,484
Retail, merchandising, apparel & product licensing | ​ | 28,266 | ​ | 29,193 | ​ | 57,843 | ​ | 57,289
Commercial |  | 78,689 | ​ | 64,408 |  | 166,077 |  | 128,773
Domestic competitions | ​ | 44,399 | ​ | 46,383 | ​ | 72,026 | ​ | 69,262
European competitions | ​ | 12,895 | ​ | 38,266 | ​ | 18,582 | ​ | 56,813
Other | ​ | 1,495 | ​ | 1,764 | ​ | 3,184 | ​ | 3,680
Broadcasting |  | 58,789 | ​ | 86,413 |  | 93,792 |  | 129,755
Matchday |  | 29,890 | ​ | 34,619 |  | 51,153 |  | 53,373
​ |  | 167,368 | ​ | 185,440 |  | 311,022 |  | 311,901
​ 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 2021 | ​ | 40,544
Recognized in revenue during the period | ​ | 66,055
Cash received/amounts invoiced during the period | ​ | (36,771)
At 31 December 2021 |  | 69,828
Recognized in revenue during the period |  | 33,567
Cash received/amounts invoiced during the period |  | (67,156)
At 30 June 2022 |  | 36,239
Recognized in revenue during the period |  | 64,230
Cash received/amounts invoiced during the period |  | (46,964)
At 31 December 2022 |  | 53,505
​ ​ 6 Revenue from contracts with customers (continued) 6.2 Assets and liabilities related to contracts with customers (continued) 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 2021 | ​ | (117,984) | ​ | (22,942) | ​ | (140,926)
Recognized in revenue during the period | ​ | 75,882 | ​ | — | ​ | 75,882
Cash received/amounts invoiced during the period | ​ | (115,497) | ​ | — | ​ | (115,497)
Reclassified to current during the period | ​ | 1,668 | ​ | (1,668) | ​ | —
At 31 December 2021 |  | (155,931) |  | (24,610) |  | (180,541)
Recognized in revenue during the period |  | 31,072 |  | — |  | 31,072
Cash received/amounts invoiced during the period |  | (33,075) |  | — |  | (33,075)
Reclassified to current during the period |  | (7,913) |  | 7,913 |  | —
At 30 June 2022 |  | (165,847) |  | (16,697) |  | (182,544)
Recognized in revenue during the period |  | 132,606 |  | — |  | 132,606
Cash received/amounts invoiced during the period |  | (117,890) |  | — |  | (117,890)
Reclassified to current during the period |  | (9,423) |  | 9,423 |  | —
At 31 December 2022 |  | (160,554) | ​ | (7,274) |  | (167,828)
​ 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 year and, where applicable, future financial years.

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