Babylon Holdings Limited Registration statement for securities of certain foreign private issuers

Registration statement for securities of certain foreign private issuers

Revenue (Tables)

Revenue (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Text block [abstract]

Summary of Disaggregation of Revenue


	For the Six Months Ended June 30,
	2021		2020
	$’000		$’000
Clinical services		18,134		12,149
Software licensing		44,245		10,354
Value based care		66,392		—

		128,771		22,503


	2020		2019
	$’000		$’000
Clinical services		28,631		14,032
Software licensing revenue		24,603		2,002
Value based care		26,038		—

		79,272		16,034

Summary of Information about Receivables, Contract Assets and Contract Liabilities from Contracts with Customers

The following table provides information about receivables, contract assets and contract liabilities from contracts with customers.


	June 30, 2021			December 31, 2020
	$’000			$’000
Trade receivables		10,951			4,674
Contract assets		2,491			2,378
Contract liabilities		(105,118	)		(76,018	)

The following table provides information about receivables, contract assets and contract liabilities from contracts with customers.


	2020		2019
	$’000		$’000
Trade receivables (Note 17)		4,674		3,016
Contract assets (Note 17)		2,378		1,541
Contract liabilities (Note 6 iii)		76,018		81,584

Summary of Transaction Price Allocated to the Remaining Performance Obligations

The following table includes revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) at the reporting date.


	Remainder of 2021		2022		2023		2024		2025 and beyond		Total
	$’000		$’000		$’000		$’000		$’000		$’000
At June 30, 2021		13,317		19,791		19,246		19,833		32,931		105,118

The following table includes revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) at the reporting date.


	2020		2021		2022		2023		2024 and beyond		Total
	$’000		$’000		$’000		$’000		$’000		$’000
At December 31, 2020		—		18,744		13,883		14,174		29,217		76,018
At December 31, 2019		16,690		26,755		24,027		14,112		—		81,584

Summary of Significant Changes in Contract Liabilities

The table below shows significant changes in contract liabilities:


	2021
	$’000
Balance on January 1		76,018
Amounts billed but not recognized		70,728
Revenue recognized		(41,628	)

Balance on June 30		105,118

The table below shows significant changes in contract liabilities:


	2020			2019
	$’000			$’000
Balance on January 1		81,584			82,542
Amounts billed but not recognized		18,080			1,808
Revenue recognized		(23,646	)		(2,766	)

Balance on December 31		76,018			81,584