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