| Schedule of Consolidated Statements of Profit and Loss |
Below is a summary of the Group’s segments and a reconciliation between the results from operations as per segment information and the results from operations as per the Consolidated Statements of Profit and Loss.
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For the Year Ended December 31, 2021 |
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UK |
|
US |
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All other
segments
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Total
segments
|
|
Reconciliation
adjustments
|
|
Total as
per
statement
of profit
and loss
|
|
$’000 |
|
$’000 |
|
$’000 |
|
$’000 |
|
$’000 |
|
$’000 |
Revenue |
88,967 |
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|
232,296 |
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|
1,610 |
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|
322,873 |
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|
48 |
|
|
322,921 |
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Inter-segment revenue |
2,205 |
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|
(3,964) |
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|
1,756 |
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|
(3) |
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3 |
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|
0 |
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Segment revenue |
91,172 |
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|
228,332 |
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|
3,366 |
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|
322,870 |
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|
51 |
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|
322,921 |
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Cost of care delivery |
(41,542) |
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(253,998) |
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(1,590) |
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(297,130) |
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|
7,458 |
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(289,672) |
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| Other operating expenses, excluding amortization and depreciation |
(114,975) |
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(105,602) |
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(171,951) |
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(392,528) |
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(8,226) |
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(400,754) |
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| Change in fair value of warrant liabilities |
— |
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— |
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27,811 |
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|
27,811 |
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— |
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|
27,811 |
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Exchange (loss) / gain |
(1,844) |
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|
189 |
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|
1,390 |
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|
(265) |
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|
1,133 |
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|
868 |
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| Gain on sale of subsidiary |
— |
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|
— |
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|
2,687 |
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|
2,687 |
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|
1,230 |
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|
3,917 |
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| Gain on remeasurement of equity interest |
— |
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— |
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|
10,495 |
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|
10,495 |
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— |
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|
10,495 |
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Share of loss of equity-accounted investees |
— |
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|
(2,602) |
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— |
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|
(2,602) |
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— |
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|
(2,602) |
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Segment EBITDA |
(67,189) |
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|
(133,681) |
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(127,792) |
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(328,662) |
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|
1,646
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(327,016) |
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Depreciation and amortization |
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(35,004) |
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| Change in fair value of warrant liabilities |
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(27,811) |
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Exchange gain |
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(868) |
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| Gain on sale of subsidiary |
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(3,917) |
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| Gain on remeasurement of equity interest |
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(10,495) |
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Share of loss of equity-accounted investees |
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2,602 |
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Operating loss |
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(402,509) |
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For the Year Ended December 31, 2020 |
|
UK |
|
US |
|
All other
segments
|
|
Total
segments
|
|
Reconciliation
adjustments
|
|
Total as
per
statement
of profit
and loss
|
|
$’000 |
|
$’000 |
|
$’000 |
|
$’000 |
|
$’000 |
|
$’000 |
Revenue |
44,000 |
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|
32,226 |
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|
2,968 |
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|
79,194 |
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|
78 |
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|
79,272 |
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Inter-segment revenue |
1,194 |
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(3,094) |
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|
1,766 |
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|
(134) |
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|
134 |
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|
0 |
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Segment revenue |
45,194 |
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|
29,132 |
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|
4,734 |
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|
79,060 |
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|
212 |
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|
79,272 |
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Cost of care delivery |
(34,600) |
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(34,381) |
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(7,205) |
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(76,186) |
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|
8,932 |
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(67,254) |
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| Other operating expenses, excluding amortization and depreciation |
(127,762) |
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(27,190) |
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(3,990) |
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(158,942) |
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(14,100) |
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(173,042) |
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Exchange (loss) / gain |
403 |
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(246) |
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|
17,060 |
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|
17,217 |
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(20,053) |
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|
(2,836) |
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Share of loss of equity-accounted investees |
— |
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|
— |
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(1,124) |
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|
(1,124) |
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|
— |
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|
(1,124) |
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Segment EBITDA |
(116,765) |
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|
(32,685) |
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|
9,475
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|
(139,975) |
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|
(25,009) |
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|
(164,984) |
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Depreciation and amortization |
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|
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(14,487) |
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Exchange loss |
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2,836 |
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Share of loss of equity-accounted investees |
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1,124 |
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Operating loss |
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(175,511) |
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For the Year Ended December 31, 2019 |
|
UK |
|
US |
|
All other
segments
|
|
Total
segments
|
|
Reconciliation
adjustments
|
|
Total as
per
statement
of profit
and loss
|
|
$’000 |
|
$’000 |
|
$’000 |
|
$’000 |
|
$’000 |
|
$’000 |
External revenue |
14,633 |
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|
— |
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|
1,410 |
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|
16,043 |
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|
(9) |
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|
16,034 |
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Inter-segment revenue |
4,081 |
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|
(2,669) |
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|
(1,382) |
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|
30 |
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(30) |
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|
— |
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Segment revenue |
18,714 |
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(2,669) |
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28 |
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|
16,073 |
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|
(39) |
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|
16,034 |
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Cost of care delivery |
(25,707) |
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|
(160) |
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(373) |
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(26,240) |
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|
6,430 |
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(19,810) |
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| Other operating expenses, excluding amortization and depreciation |
(119,895) |
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|
(23,273) |
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|
(5,340) |
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(148,508) |
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(8,040) |
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|
(156,548) |
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Exchange (loss) / gain |
314 |
|
|
(83) |
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|
16,584 |
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|
16,815 |
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|
260 |
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|
17,075 |
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Segment EBITDA |
(126,574) |
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|
(26,185) |
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|
10,899
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|
|
(141,860) |
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(1,389) |
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|
(143,249) |
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Depreciation and amortization |
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|
|
|
|
|
|
|
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(2,496) |
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Exchange gain |
|
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|
|
|
|
|
|
|
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(17,075) |
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Operating loss |
|
|
|
|
|
|
|
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(162,820) |
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| Disaggregation of Revenue |
Below is a summary of the revenue derived from the Group’s major customers:
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For the Year Ended December 31, |
|
2021 |
|
2020 |
|
2019 |
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$‘000 |
|
% of revenue |
|
$‘000 |
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% of revenue |
|
$‘000 |
|
% of revenue |
Customer 1 |
119,785 |
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37.1 |
% |
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11,918 |
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15.0 |
% |
|
2,215 |
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|
13.8 |
% |
Customer 2 |
39,764 |
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|
12.3 |
% |
|
9,706 |
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12.3 |
% |
|
2,465 |
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|
15.4 |
% |
Customer 3 |
38,705 |
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|
12.0 |
% |
|
9,505 |
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|
12.0 |
% |
|
5,607 |
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|
34.9 |
% |
Customer 4 |
N/A |
|
N/A |
|
14,937 |
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|
18.9 |
% |
|
N/A |
|
N/A |
Revenue from external customers attributed to individual countries is summarized as follows:
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For the Year Ended December 31, |
|
2021 |
|
2020 |
|
2019 |
|
$’000 |
|
$’000 |
|
$’000 |
UK |
35,490 |
|
|
28,827 |
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|
12,189 |
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US |
232,708 |
|
|
32,689 |
|
|
— |
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Asia-Pacific |
14,965 |
|
|
11,585 |
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|
2,215 |
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Canada |
38,705 |
|
|
3,207 |
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|
564 |
|
Rest of World |
1,053 |
|
|
2,964 |
|
|
1,066 |
|
Total |
322,921
|
|
|
79,272
|
|
|
16,034
|
|
|