{
"documentInfo": {
"documentType": "https://xbrl.org/2021/xbrl-json",
"features": {
"xbrl:canonicalValues": true
},
"namespaces": {
"asosplc": "http://asosplc.com/xbrl/2022",
"ifrs-full": "https://xbrl.ifrs.org/taxonomy/2022-03-24/ifrs-full",
"iso4217": "http://www.xbrl.org/2003/iso4217",
"scheme": "http://standards.iso.org/iso/17442",
"xbrl": "https://xbrl.org/2021",
"xbrli": "http://www.xbrl.org/2003/instance"
},
"taxonomy": [
"http://asosplc.com/xbrl/2022/213800H8DBB8JSKDW630-2023-09-03.xsd"
]
},
"facts": {
"fact-6": {
"value": "3538000000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Revenue",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustedMember",
"unit": "iso4217:GBP"
}
},
"fact-7": {
"value": "11500000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Revenue",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustingItemsMember",
"unit": "iso4217:GBP"
}
},
"fact-8": {
"value": "3549500000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Revenue",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-9": {
"value": "3936500000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Revenue",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustedMember",
"unit": "iso4217:GBP"
}
},
"fact-10": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Revenue",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustingItemsMember",
"unit": "iso4217:GBP"
}
},
"fact-11": {
"value": "3936500000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Revenue",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-12": {
"value": "1974600000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CostOfSales",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustedMember",
"unit": "iso4217:GBP"
}
},
"fact-13": {
"value": "115900000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CostOfSales",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustingItemsMember",
"unit": "iso4217:GBP"
}
},
"fact-14": {
"value": "2090500000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CostOfSales",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-15": {
"value": "2219000000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CostOfSales",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustedMember",
"unit": "iso4217:GBP"
}
},
"fact-16": {
"value": "-0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CostOfSales",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustingItemsMember",
"unit": "iso4217:GBP"
}
},
"fact-17": {
"value": "2219000000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CostOfSales",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-18": {
"value": "1563400000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:GrossProfit",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustedMember",
"unit": "iso4217:GBP"
}
},
"fact-19": {
"value": "-104400000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:GrossProfit",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustingItemsMember",
"unit": "iso4217:GBP"
}
},
"fact-20": {
"value": "1459000000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:GrossProfit",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-21": {
"value": "1717500000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:GrossProfit",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustedMember",
"unit": "iso4217:GBP"
}
},
"fact-22": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:GrossProfit",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustingItemsMember",
"unit": "iso4217:GBP"
}
},
"fact-23": {
"value": "1717500000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:GrossProfit",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-24": {
"value": "429700000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DistributionCosts",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustedMember",
"unit": "iso4217:GBP"
}
},
"fact-25": {
"value": "-0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DistributionCosts",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustingItemsMember",
"unit": "iso4217:GBP"
}
},
"fact-26": {
"value": "429700000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DistributionCosts",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-27": {
"value": "523700000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DistributionCosts",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustedMember",
"unit": "iso4217:GBP"
}
},
"fact-28": {
"value": "-0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DistributionCosts",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustingItemsMember",
"unit": "iso4217:GBP"
}
},
"fact-29": {
"value": "523700000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DistributionCosts",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-30": {
"value": "1164700000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdministrativeExpense",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustedMember",
"unit": "iso4217:GBP"
}
},
"fact-31": {
"value": "115100000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdministrativeExpense",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustingItemsMember",
"unit": "iso4217:GBP"
}
},
"fact-32": {
"value": "1279800000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdministrativeExpense",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-33": {
"value": "1170300000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdministrativeExpense",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustedMember",
"unit": "iso4217:GBP"
}
},
"fact-34": {
"value": "53900000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdministrativeExpense",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustingItemsMember",
"unit": "iso4217:GBP"
}
},
"fact-35": {
"value": "1224200000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdministrativeExpense",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-36": {
"value": "2000000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherIncome",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustedMember",
"unit": "iso4217:GBP"
}
},
"fact-37": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherIncome",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustingItemsMember",
"unit": "iso4217:GBP"
}
},
"fact-38": {
"value": "2000000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherIncome",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-39": {
"value": "20600000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherIncome",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustedMember",
"unit": "iso4217:GBP"
}
},
"fact-40": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherIncome",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustingItemsMember",
"unit": "iso4217:GBP"
}
},
"fact-41": {
"value": "20600000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherIncome",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-42": {
"value": "-29000000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLossFromOperatingActivities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustedMember",
"unit": "iso4217:GBP"
}
},
"fact-43": {
"value": "-219500000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLossFromOperatingActivities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustingItemsMember",
"unit": "iso4217:GBP"
}
},
"fact-44": {
"value": "-248500000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLossFromOperatingActivities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-45": {
"value": "44100000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLossFromOperatingActivities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustedMember",
"unit": "iso4217:GBP"
}
},
"fact-46": {
"value": "-53900000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLossFromOperatingActivities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustingItemsMember",
"unit": "iso4217:GBP"
}
},
"fact-47": {
"value": "-9800000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLossFromOperatingActivities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-48": {
"value": "5000000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:FinanceIncome",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustedMember",
"unit": "iso4217:GBP"
}
},
"fact-49": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:FinanceIncome",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustingItemsMember",
"unit": "iso4217:GBP"
}
},
"fact-50": {
"value": "5000000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:FinanceIncome",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-51": {
"value": "900000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:FinanceIncome",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustedMember",
"unit": "iso4217:GBP"
}
},
"fact-52": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:FinanceIncome",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustingItemsMember",
"unit": "iso4217:GBP"
}
},
"fact-53": {
"value": "900000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:FinanceIncome",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-54": {
"value": "46300000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:FinanceCosts",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustedMember",
"unit": "iso4217:GBP"
}
},
"fact-55": {
"value": "6900000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:FinanceCosts",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustingItemsMember",
"unit": "iso4217:GBP"
}
},
"fact-56": {
"value": "53200000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:FinanceCosts",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-57": {
"value": "23000000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:FinanceCosts",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustedMember",
"unit": "iso4217:GBP"
}
},
"fact-58": {
"value": "-0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:FinanceCosts",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustingItemsMember",
"unit": "iso4217:GBP"
}
},
"fact-59": {
"value": "23000000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:FinanceCosts",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-60": {
"value": "-70300000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLossBeforeTax",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustedMember",
"unit": "iso4217:GBP"
}
},
"fact-61": {
"value": "-226400000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLossBeforeTax",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustingItemsMember",
"unit": "iso4217:GBP"
}
},
"fact-62": {
"value": "-296700000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLossBeforeTax",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-63": {
"value": "22000000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLossBeforeTax",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustedMember",
"unit": "iso4217:GBP"
}
},
"fact-64": {
"value": "-53900000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLossBeforeTax",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustingItemsMember",
"unit": "iso4217:GBP"
}
},
"fact-65": {
"value": "-31900000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLossBeforeTax",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-66": {
"value": "-17400000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncomeTaxExpenseContinuingOperations",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustedMember",
"unit": "iso4217:GBP"
}
},
"fact-67": {
"value": "-56200000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncomeTaxExpenseContinuingOperations",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustingItemsMember",
"unit": "iso4217:GBP"
}
},
"fact-68": {
"value": "-73600000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncomeTaxExpenseContinuingOperations",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-69": {
"value": "5300000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncomeTaxExpenseContinuingOperations",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustedMember",
"unit": "iso4217:GBP"
}
},
"fact-70": {
"value": "-6400000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncomeTaxExpenseContinuingOperations",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustingItemsMember",
"unit": "iso4217:GBP"
}
},
"fact-71": {
"value": "-1100000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncomeTaxExpenseContinuingOperations",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-72": {
"value": "-52900000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustedMember",
"unit": "iso4217:GBP"
}
},
"fact-73": {
"value": "-170200000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustingItemsMember",
"unit": "iso4217:GBP"
}
},
"fact-74": {
"value": "-223100000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-75": {
"value": "16700000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustedMember",
"unit": "iso4217:GBP"
}
},
"fact-76": {
"value": "-47500000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"asosplc:ConsolidatedIncomeStatementAxis": "asosplc:AdjustingItemsMember",
"unit": "iso4217:GBP"
}
},
"fact-77": {
"value": "-30800000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-78": {
"value": "-2.13",
"decimals": 3,
"dimensions": {
"concept": "ifrs-full:BasicEarningsLossPerShare",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP/xbrli:shares"
}
},
"fact-79": {
"value": "-0.309",
"decimals": 3,
"dimensions": {
"concept": "ifrs-full:BasicEarningsLossPerShare",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP/xbrli:shares"
}
},
"fact-80": {
"value": "-2.13",
"decimals": 3,
"dimensions": {
"concept": "ifrs-full:DilutedEarningsLossPerShare",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP/xbrli:shares"
}
},
"fact-81": {
"value": "-0.309",
"decimals": 3,
"dimensions": {
"concept": "ifrs-full:DilutedEarningsLossPerShare",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP/xbrli:shares"
}
},
"fact-82": {
"value": "-223100000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-83": {
"value": "-30800000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-84": {
"value": "-60100000",
"decimals": -5,
"dimensions": {
"concept": "asosplc:FairValueMovementsOnHedgesThatWillNotSubsequentlyReclassifyToIncomeStatement",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-85": {
"value": "51200000",
"decimals": -5,
"dimensions": {
"concept": "asosplc:FairValueMovementsOnHedgesThatWillNotSubsequentlyReclassifyToIncomeStatement",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-86": {
"value": "-9700000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-87": {
"value": "13400000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-88": {
"value": "-50400000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-89": {
"value": "37800000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-90": {
"value": "-300000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-91": {
"value": "300000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-92": {
"value": "30500000",
"decimals": -5,
"dimensions": {
"concept": "asosplc:FairValueMovementsOnHedgesThatMayBeSubsequentlyReclassiedToTheIncomeStatement",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-93": {
"value": "-25900000",
"decimals": -5,
"dimensions": {
"concept": "asosplc:FairValueMovementsOnHedgesThatMayBeSubsequentlyReclassiedToTheIncomeStatement",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-94": {
"value": "-1700000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-95": {
"value": "15600000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-96": {
"value": "7700000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-97": {
"value": "-9500000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-98": {
"value": "24200000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-99": {
"value": "-31700000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-100": {
"value": "-26200000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-101": {
"value": "6100000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-102": {
"value": "-249300000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-103": {
"value": "-24700000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-104": {
"value": "700500000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IntangibleAssetsAndGoodwill",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-105": {
"value": "683900000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IntangibleAssetsAndGoodwill",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-106": {
"value": "362600000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:PropertyPlantAndEquipment",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-107": {
"value": "351700000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:PropertyPlantAndEquipment",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-108": {
"value": "295200000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:RightofuseAssets",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-109": {
"value": "380300000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:RightofuseAssets",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-110": {
"value": "10900000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:InvestmentProperty",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-111": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:InvestmentProperty",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-112": {
"value": "4100000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:NoncurrentDerivativeFinancialAssets",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-113": {
"value": "27000000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:NoncurrentDerivativeFinancialAssets",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-114": {
"value": "17800000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DeferredTaxAssets",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-115": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DeferredTaxAssets",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-116": {
"value": "1391100000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:NoncurrentAssets",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-117": {
"value": "1442900000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:NoncurrentAssets",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-118": {
"value": "768000000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Inventories",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-119": {
"value": "1078400000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Inventories",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-120": {
"value": "81400000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:TradeAndOtherCurrentReceivables",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-121": {
"value": "88200000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:TradeAndOtherCurrentReceivables",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-122": {
"value": "22400000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentDerivativeFinancialAssets",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-123": {
"value": "41400000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentDerivativeFinancialAssets",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-124": {
"value": "353300000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-125": {
"value": "323000000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-126": {
"value": "9400000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentTaxAssets",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-127": {
"value": "23000000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentTaxAssets",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-128": {
"value": "1234500000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentAssets",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-129": {
"value": "1554000000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentAssets",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-130": {
"value": "680400000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:TradeAndOtherCurrentPayables",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-131": {
"value": "993300000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:TradeAndOtherCurrentPayables",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-132": {
"value": "1500000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ShorttermBorrowings",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-133": {
"value": "1400000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ShorttermBorrowings",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-134": {
"value": "25300000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentLeaseLiabilities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-135": {
"value": "24300000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentLeaseLiabilities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-136": {
"value": "6000000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentDerivativeFinancialLiabilities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-137": {
"value": "21000000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentDerivativeFinancialLiabilities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-138": {
"value": "2000000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentProvisions",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-139": {
"value": "-0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentProvisions",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-140": {
"value": "715200000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentLiabilities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-141": {
"value": "1040000000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentLiabilities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-142": {
"value": "519300000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentAssetsLiabilities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-143": {
"value": "514000000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentAssetsLiabilities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-144": {
"value": "671300000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:LongtermBorrowings",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-145": {
"value": "474500000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:LongtermBorrowings",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-146": {
"value": "303700000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:NoncurrentLeaseLiabilities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-147": {
"value": "355800000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:NoncurrentLeaseLiabilities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-148": {
"value": "-0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DeferredTaxLiabilities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-149": {
"value": "58200000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DeferredTaxLiabilities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-150": {
"value": "500000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:NoncurrentDerivativeFinancialLiabilities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-151": {
"value": "11600000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:NoncurrentDerivativeFinancialLiabilities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-152": {
"value": "68200000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:NoncurrentProvisions",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-153": {
"value": "41900000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:NoncurrentProvisions",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-154": {
"value": "1043700000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:NoncurrentLiabilities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-155": {
"value": "942000000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:NoncurrentLiabilities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-156": {
"value": "866700000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:NetAssetsLiabilities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-157": {
"value": "1014900000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:NetAssetsLiabilities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-158": {
"value": "4200000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IssuedCapital",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-159": {
"value": "3500000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IssuedCapital",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-160": {
"value": "322600000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:SharePremium",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-161": {
"value": "245700000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:SharePremium",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-162": {
"value": "73100000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherReserves",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-163": {
"value": "82400000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherReserves",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-164": {
"value": "466800000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:RetainedEarnings",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-165": {
"value": "683300000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:RetainedEarnings",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-166": {
"value": "866700000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-167": {
"value": "1014900000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-168": {
"value": "3500000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:GBP"
}
},
"fact-169": {
"value": "245700000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:GBP"
}
},
"fact-170": {
"value": "82400000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
"unit": "iso4217:GBP"
}
},
"fact-171": {
"value": "683300000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:GBP"
}
},
"fact-172": {
"value": "1014900000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-173": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:GBP"
}
},
"fact-174": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:GBP"
}
},
"fact-175": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
"unit": "iso4217:GBP"
}
},
"fact-176": {
"value": "-223100000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:GBP"
}
},
"fact-177": {
"value": "-223100000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-178": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:GBP"
}
},
"fact-179": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:GBP"
}
},
"fact-180": {
"value": "-26200000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
"unit": "iso4217:GBP"
}
},
"fact-181": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:GBP"
}
},
"fact-182": {
"value": "-26200000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-183": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:GBP"
}
},
"fact-184": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:GBP"
}
},
"fact-185": {
"value": "-26200000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
"unit": "iso4217:GBP"
}
},
"fact-186": {
"value": "-223100000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:GBP"
}
},
"fact-187": {
"value": "-249300000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-188": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "asosplc:CashFlowHedgesGainsAndLossesTransferredToInventory",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:GBP"
}
},
"fact-189": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "asosplc:CashFlowHedgesGainsAndLossesTransferredToInventory",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:GBP"
}
},
"fact-190": {
"value": "16900000",
"decimals": -5,
"dimensions": {
"concept": "asosplc:CashFlowHedgesGainsAndLossesTransferredToInventory",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
"unit": "iso4217:GBP"
}
},
"fact-191": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "asosplc:CashFlowHedgesGainsAndLossesTransferredToInventory",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:GBP"
}
},
"fact-192": {
"value": "16900000",
"decimals": -5,
"dimensions": {
"concept": "asosplc:CashFlowHedgesGainsAndLossesTransferredToInventory",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-193": {
"value": "700000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IssueOfEquity",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:GBP"
}
},
"fact-194": {
"value": "76900000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IssueOfEquity",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:GBP"
}
},
"fact-195": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IssueOfEquity",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
"unit": "iso4217:GBP"
}
},
"fact-196": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IssueOfEquity",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:GBP"
}
},
"fact-197": {
"value": "77600000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IssueOfEquity",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-198": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:GBP"
}
},
"fact-199": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:GBP"
}
},
"fact-200": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
"unit": "iso4217:GBP"
}
},
"fact-201": {
"value": "6400000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:GBP"
}
},
"fact-202": {
"value": "6400000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-203": {
"value": "-0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:GBP"
}
},
"fact-204": {
"value": "-0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:GBP"
}
},
"fact-205": {
"value": "-0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
"unit": "iso4217:GBP"
}
},
"fact-206": {
"value": "-200000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:GBP"
}
},
"fact-207": {
"value": "-200000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-208": {
"value": "4200000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2023-09-04T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:GBP"
}
},
"fact-209": {
"value": "322600000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2023-09-04T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:GBP"
}
},
"fact-210": {
"value": "73100000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2023-09-04T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
"unit": "iso4217:GBP"
}
},
"fact-211": {
"value": "466800000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2023-09-04T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:GBP"
}
},
"fact-212": {
"value": "866700000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-213": {
"value": "3500000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:GBP"
}
},
"fact-214": {
"value": "245700000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:GBP"
}
},
"fact-215": {
"value": "70800000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
"unit": "iso4217:GBP"
}
},
"fact-216": {
"value": "714000000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:GBP"
}
},
"fact-217": {
"value": "1034000000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-218": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:GBP"
}
},
"fact-219": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:GBP"
}
},
"fact-220": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
"unit": "iso4217:GBP"
}
},
"fact-221": {
"value": "-30800000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:GBP"
}
},
"fact-222": {
"value": "-30800000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-223": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:GBP"
}
},
"fact-224": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:GBP"
}
},
"fact-225": {
"value": "6100000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
"unit": "iso4217:GBP"
}
},
"fact-226": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:GBP"
}
},
"fact-227": {
"value": "6100000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-228": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:GBP"
}
},
"fact-229": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:GBP"
}
},
"fact-230": {
"value": "6100000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
"unit": "iso4217:GBP"
}
},
"fact-231": {
"value": "-30800000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:GBP"
}
},
"fact-232": {
"value": "-24700000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-233": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "asosplc:CashFlowHedgesGainsAndLossesTransferredToInventory",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:GBP"
}
},
"fact-234": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "asosplc:CashFlowHedgesGainsAndLossesTransferredToInventory",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:GBP"
}
},
"fact-235": {
"value": "5500000",
"decimals": -5,
"dimensions": {
"concept": "asosplc:CashFlowHedgesGainsAndLossesTransferredToInventory",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
"unit": "iso4217:GBP"
}
},
"fact-236": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "asosplc:CashFlowHedgesGainsAndLossesTransferredToInventory",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:GBP"
}
},
"fact-237": {
"value": "5500000",
"decimals": -5,
"dimensions": {
"concept": "asosplc:CashFlowHedgesGainsAndLossesTransferredToInventory",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-238": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:GBP"
}
},
"fact-239": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:GBP"
}
},
"fact-240": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
"unit": "iso4217:GBP"
}
},
"fact-241": {
"value": "800000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:GBP"
}
},
"fact-242": {
"value": "800000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-243": {
"value": "-0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:GBP"
}
},
"fact-244": {
"value": "-0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:GBP"
}
},
"fact-245": {
"value": "-0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
"unit": "iso4217:GBP"
}
},
"fact-246": {
"value": "700000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:GBP"
}
},
"fact-247": {
"value": "700000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-248": {
"value": "3500000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:GBP"
}
},
"fact-249": {
"value": "245700000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:GBP"
}
},
"fact-250": {
"value": "82400000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
"unit": "iso4217:GBP"
}
},
"fact-251": {
"value": "683300000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:GBP"
}
},
"fact-252": {
"value": "1014900000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-253": {
"value": "-248500000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLossFromOperatingActivities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-254": {
"value": "-9800000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLossFromOperatingActivities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-255": {
"value": "67800000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDepreciationExpense",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-256": {
"value": "61000000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDepreciationExpense",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-257": {
"value": "104700000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForAmortisationExpense",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-258": {
"value": "88800000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForAmortisationExpense",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-259": {
"value": "32100000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-260": {
"value": "19200000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-261": {
"value": "5200000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForSharebasedPayments",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-262": {
"value": "600000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForSharebasedPayments",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-263": {
"value": "1800000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherAdjustmentsForNoncashItems",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-264": {
"value": "-4900000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherAdjustmentsForNoncashItems",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-265": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInEmployeeBenefitLiabilities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-266": {
"value": "-6000000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInEmployeeBenefitLiabilities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-267": {
"value": "310400000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInInventories",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-268": {
"value": "-258700000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInInventories",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-269": {
"value": "12700000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-270": {
"value": "-34200000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-271": {
"value": "-304900000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-272": {
"value": "21500000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-273": {
"value": "16800000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForProvisions",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-274": {
"value": "-1300000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForProvisions",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-275": {
"value": "-1900000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInOperations",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-276": {
"value": "-123800000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInOperations",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-277": {
"value": "-18300000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-278": {
"value": "-3400000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-279": {
"value": "16400000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-280": {
"value": "-120400000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-281": {
"value": "136200000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-282": {
"value": "109200000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-283": {
"value": "41700000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-284": {
"value": "73700000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-285": {
"value": "4500000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:InterestReceivedClassifiedAsInvestingActivities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-286": {
"value": "900000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:InterestReceivedClassifiedAsInvestingActivities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-287": {
"value": "-173400000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-288": {
"value": "-182000000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-289": {
"value": "77600000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProceedsFromIssuingShares",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-290": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProceedsFromIssuingShares",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-291": {
"value": "200000000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-292": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-293": {
"value": "250000000",
"decimals": -5,
"dimensions": {
"concept": "asosplc:DrawdownOfRevolvingCreditFacilityClassifiedAsFinancingActivities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-294": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "asosplc:DrawdownOfRevolvingCreditFacilityClassifiedAsFinancingActivities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-295": {
"value": "251700000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-296": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-297": {
"value": "30800000",
"decimals": -5,
"dimensions": {
"concept": "asosplc:RefinancingFeesClassifiedAsFinancingActivities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-298": {
"value": "0",
"decimals": -5,
"dimensions": {
"concept": "asosplc:RefinancingFeesClassifiedAsFinancingActivities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-299": {
"value": "22400000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-300": {
"value": "26300000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-301": {
"value": "33600000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:InterestPaidClassifiedAsFinancingActivities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-302": {
"value": "11100000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:InterestPaidClassifiedAsFinancingActivities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-303": {
"value": "189100000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-304": {
"value": "-37400000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-305": {
"value": "32100000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-306": {
"value": "-339800000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-307": {
"value": "323000000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-308": {
"value": "662700000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-309": {
"value": "-1800000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-310": {
"value": "100000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2021-09-01T00:00:00/2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-311": {
"value": "353300000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2023-09-04T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-312": {
"value": "323000000",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00",
"unit": "iso4217:GBP"
}
},
"fact-316": {
"value": "1 GENERAL INFORMATION ASOS Plc (\u2018the Company\u2019) and its subsidiaries (together, \u2018the Group\u2019) is a global fashion retailer. The Group sells products across the world and has websites targeting countries that include the UK, US, Australia, France, Germany, Spain, Italy, Sweden, the Netherlands, Denmark and Poland. The Company is a public limited company whose shares are publicly traded on the London Stock Exchange. The Company is incorporated and domiciled in the UK and the address of its registered office is Greater London House, Hampstead Road, London NW1 7FB. The financial period represents the period from 1 September 2022 to 3 September 2023 (prior financial year: the year ended 31 August 2022). This does not constitute a change in accounting reference date. The Group will present results on a 52 or 53 week period in future periods to align with internal reporting timelines. The financial information comprises the results of the Company and its subsidiaries.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-313": {
"value": "ASOS Plc (\u2018the Company\u2019) and its subsidiaries (together, \u2018the Group\u2019) is a global fashion retailer. The Group sells products across the world and ",
"dimensions": {
"concept": "ifrs-full:NameOfParentEntity",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-1": {
"value": "ASOS Plc",
"dimensions": {
"concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-2": {
"value": "The Group sells products across the world and has websites targeting countries that include the UK, US, Australia, France, Germany, Spain, Italy, Sweden, the Netherlands, Denmark and Poland. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-5": {
"value": "public limited company",
"dimensions": {
"concept": "ifrs-full:LegalFormOfEntity",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-314": {
"value": "UK",
"dimensions": {
"concept": "ifrs-full:DomicileOfEntity",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-4": {
"value": "UK",
"dimensions": {
"concept": "ifrs-full:CountryOfIncorporation",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-3": {
"value": "Greater London House, Hampstead Road, London NW1 7FB",
"dimensions": {
"concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-315": {
"value": "2 SIGNIFICANT ACCOUNTING POLICIES, JUDGEMENTS AND ESTIMATES 2.1 Basis of preparation The consolidated financial statements have been prepared in accordance with UK-adopted International Financial Reporting Standards (IFRS) and with the requirements of the Companies Act 2006 and the Listing rules as applicable to companies reporting under those standards. The financial statements have been prepared under the historical cost basis of accounting, excluding derivative financial instruments which are held at fair value. The financial statements are presented in sterling and all values are rounded to the nearest million pounds except where otherwise indicated. Significant accounting policies have been included in the relevant notes to which the policies relate, and those relating to the financial statements as a whole can be read further below. Unless otherwise stated, significant accounting policies have been applied consistently to all periods presented in the financial statements. 2.2 Changes in presentation Other comprehensive income Other comprehensive income is now disclosed as a separate statement from the consolidated income statement. Consolidated balance sheet The presentation of the consolidated balance sheet has been updated as follows: \u2022 Goodwill and other intangible assets are now disclosed as one line item \u2022 Right-of-use assets are now presented separately from property, plant and equipment \u2022 The employee benefit trust reserve which was previously disclosed separately is now reported within retained earnings \u2022 The cash flow hedge reserve, convertible bond reserve and translation reserve are grouped and presented as Other Reserves in the consolidated balance sheet, and within the consolidated statement of changes in equity The comparatives have also been updated to reflect these changes. Consolidated cash flow statement The presentation of the consolidated cash flow statement has been updated so that movements in provisions are shown separately. These were previously included within movements in trade and other payables. Comparatives have been updated. 2.3 Going concern The Directors are satisfied that the Group has sufficient resources to continue in operation for a period of at least 12 months from the date of approval of the financial statements, and therefore continue to adopt the going concern basis in preparing the financial statements. To support this assessment, detailed cash flow forecasts were prepared for the 18-month period to February 2025. In assessing the Group\u2019s going concern position, the Directors have considered the Group\u2019s detailed budgeting and forecasting process which reflects the Group\u2019s financial performance, position and cash flows over the going concern period (the base case). These cash flow forecasts represent the Directors\u2019 best estimate of trading performance and cost implications in the market based on current agreements, market experience and consumer demand expectations. In conjunction with this, the Directors considered the Group\u2019s business activities and principal risks, reviewing the Group\u2019s cash flows, liquidity positions and borrowing facilities for the going concern period. The review included the continued availability of existing borrowings, principally related to the new Bantry Bay debt facility and issued convertible bonds, details of which can be found in Note 19. At 3 September 2023, the Group was fully drawn on the \u00a3200m term loan with Bantry Bay, and had an undrawn Revolving Credit Facility (\u201cRCF\u201d) of \u00a375m, with a maturity of April 2026, along with \u00a3500m convertible bonds with a maturity of April 2026. The only covenant the Group is subject to under the debt facilities is a minimum liquidity covenant of \u00a390m, based on available cash and cash equivalents and amounts undrawn under the RCF, which is the primary test within the going concern assessment. Key assumptions\u2013 forecasting business cash flows The assessment of the Group\u2019s going concern position required significant management judgement, including in determining the key assumptions that have the greatest impact on forecasts of future business performance and the range of reasonably possible outcomes of those assumptions. The economic environment has remained challenging throughout FY23 with cost of living pressures continuing to impact customer spending and sentiment. It is not known how long this will continue to directly impact the business and consumer behaviour, nor the impact that a changed economy will have on consumers over the going concern period. For the purposes of the Group\u2019s going concern assessment, the Directors have therefore made assumptions on the likely future cash flows in the uncertain macro environment. The assumptions considered include the continued transition to the Group\u2019s new operating model and subsequent working capital improvements, as well as a marginal improvement in the macro trading environment, with the online fashion market assumed to return to growth on an aggregated basis across the Group\u2019s key territories. The base case assumes the market backdrop within the initial going concern period is to remain challenging, resulting in assumed year-on-year Group sales declines in FY24 of between (5)% and (15)%, returning to year-on-year double digit sales growth and subsequent market share gains by the end of the assessment period. The base case also assumes modest year-on-year improvements in adjusted gross margin during FY24, with up to c.300bps growth vs FY23 towards the end of the assessment period. Aligned to the Group\u2019s principal risks, the Directors have also considered various severe but plausible downside scenarios against the base case, comprising of the following assumptions: \u2022 Sales growth reduction; \u2022 Gross margin reduction; \u2022 Potential working capital cash impacts. The downside scenarios are considered and mapped by half, with the greater degree of assumption-based improvements and subsequent volatility in the outer periods commanding more severe downside sensitivities. Sensitivities mapped against the base case within the downside case are highlighted below: Downside vs base case H1 FY24 H2 FY24 H1 FY25 Sales (5)% (10)% (15)% Gross Margin (140)bps (250)bps (220)bps Working Capital impact (average) \u00a3(76)m (\u00a384)m \u00a3(73)m Should the Group see such significant events unfold it has several mitigating actions it can implement to manage its liquidity risk, such as deferring capital investment spend, deferring or reducing stock intake to match the sales reduction, and implementing further cost management to maintain a sufficient level of liquidity headroom during the going concern period. The combined impact of the above downside scenarios and mitigations does not trigger a minimum liquidity breach at any point in the going concern period, and offers suitable headroom above the threshold referred to in the Bantry Bay debt facility. Reverse stress tests have also been performed on both the Group\u2019s revenue and gross margin. The tests under consideration hold all metrics in line with the downside case highlighted above, analysing how far the stress metric would need to decline against the base case to cause a liquidity event. Such results would have to see a minimum of c.30% decline in sales over the base case,or a decline in gross margin from the base case of c.650bps across the entire assessment period. Both are considered remote based on results of previous significant economic events and recent trading performance, particularly on the basis that the Group is annualising the challenging market conditions experienced in FY23. In assessing the group\u2019s ability to continue as a going concern the directors have considered climate change risks. As noted in the TCFD report, transitional risk outcomes are expected to manifest in the short to medium term (2025 to 2030). As the going concern assessment covers the 18 months to February 2025 (i.e. the very beginning of the TCFD transitional risk period) it is not considered that climate-related risks result in any material uncertainties affecting the Group\u2019s ability to continue as a going concern. Based on the above, the Directors have concluded that, on the basis of there being liquidity headroom under both the base case and downside scenarios, and the consideration that the reverse stress test scenario is remote, it is appropriate to adopt the going concern basis of accounting in the preparation of the Group\u2019s annual financial statements, with no material uncertainty to disclose. 2.4 Basis of consolidation The consolidated Group financial statements include the financial statements of ASOS Plc, all its subsidiaries, and the Employee Benefit Trust and Link Trust up to the reporting date. a) Subsidiaries Subsidiary undertakings are all entities over which the Group has control. The Group controls an entity where the Group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power to direct the activities of the entity. The results of subsidiaries are included in the income statement from the date of acquisition or, in the case of disposals, up to the effective date of disposal. Intercompany transactions and balances between Group companies are eliminated upon consolidation. A list of all the subsidiaries of the Group is included on page 166 of the annual report. All apply accounting policies which are consistent with those of the rest of the Group. Any non-controlling interest acquired on acquisition of a subsidiary is recognised at the proportionate share of the acquired net assets. Subsequent to acquisition, the carrying amount of non-controlling interest equals the amount of those interests at initial recognition plus the non-controlling share of changes in equity since acquisition. Transactions with non-controlling interests that do not result in loss of control are accounted for as equity transactions. Total comprehensive income is attributed to a non-controlling interest even if this results in the non- controlling interest having a deficit balance. b) Employee Benefit Trust and Link Trust The Employee Benefit Trust and Link Trust (the Trusts) are considered to be controlled by the Group. The activities of the Trusts are conducted on behalf of the Group according to its specific business needs in order to obtain benefits from its operation and, on this basis, the assets held by the Trusts are consolidated into the Group\u2019s financial statements. c) Foreign currencies The consolidated financial statements are presented in pound sterling, which is the ultimate parent company\u2019s functional currency. Transactions in foreign currencies are translated to the functional currency at the exchange rate on the date of the transaction. At each balance sheet date, monetary assets and liabilities denominated in foreign currencies at the balance sheet date are translated at the exchange rate ruling at that date. Foreign exchange differences arising on translation are recognised in the income statement. The assets and liabilities of the Group\u2019s foreign operations are translated into Pounds Sterling at exchange rates prevailing at the balance sheet date. Profits and losses are translated at average exchange rates for the relevant accounting periods. Exchange differences arising are recognised in the consolidated statement of comprehensive income/(loss) and are included in the Group\u2019s translation reserve. Such translation differences are recognised as income or expenses in the period in which the operation is disposed of. 2.5 Amendments to published standards The Group has considered the following amendments to published standards that are effective for the Group for the financial period beginning 1 September 2022 and concluded that they are either not relevant to the Group or that they do not have a significant impact on the Group\u2019s financial statements other than disclosures. \u2022 Onerous Contracts \u2013 Cost of Fulfilling a Contract (Amendments to IAS 37) \u2022 Annual Improvements to IFRS Standards 2018-2020 \u2022 Property, Plant and Equipment: Proceeds before Intended Use (Amendments to IAS 16) \u2022 Reference to the Conceptual Framework (Amendments to IFRS 3) The following standards and revisions will be effective for future periods: \u2022 IFRS 17 \u2018Insurance Contracts\u2019 \u2022 Amendments to IAS 1 \u2018Presentation of Financial Statements\u2019 and IFRS Practice Statement 2 \u2018Making Materiality Judgements\u2019 on the disclosure of accounting policies \u2022 Amendments to IAS 1 \u2018Presentation of Financial Statements\u2019 on the classification of liabilities as current or non-current \u2022 Amendments to IAS 1 \u2018Presentation of Financial Statements\u2019 on non-current liabilities with covenants \u2022 Amendments to IAS 8 \u2018Accounting Policies, Changes in Accounting Estimates and Errors\u2019 on the definition of accounting estimates \u2022 Amendments to IAS 12 \u2018Income Taxes\u2019 on Deferred Tax Related to Assets and Liabilities Arising from a Single Transaction \u2022 Amendments to IFRS 16 \u2018Leases\u2019 on Lease Liability in a Sale and Leaseback \u2022 Amendments to IFRS 10 \u2018Consolidated Financial Statements\u2019 and IAS 28 \u2018Investments in Associates and Joint Ventures\u2019 on the sale or contribution of assets between an investor and its associate or joint venture The Group has considered the impact of the remaining above standards and revisions and have concluded that they will not have a significant impact on the Group\u2019s financial statements. 2.6 Alternative performance measures (APMs) In the reporting of financial information, the Directors use various APMs. These APMs should be considered in addition to, and are not intended to be a substitute for, IFRS measurements. As they are not defined by International Financial Reporting Standards, they may not be directly comparable with other companies\u2019 APMs. The Directors believe that these APMs provide additional useful information for understanding the financial performance and health of the Group. They are also used to enhance the comparability of information between reporting periods (such as adjusted profit) by adjusting for non- recurring or uncontrollable factors which affect IFRS measures, to aid users in understanding the Group\u2019s performance. Consequently, APMs are used by the Directors and management for performance analysis, planning, reporting and incentive setting purposes. The APMs that the Group has focused on in the period are defined and reconciled on pages 167 to 170. All of the APMs relate to the current period\u2019s results and comparative periods. 2.7 Significant accounting judgements and estimates The preparation of the Group\u2019s financial statements requires the use of judgements, estimates and assumptions in applying the Group\u2019s accounting policies to determine the reported amounts of assets, liabilities, income and expenses. Estimates and judgements are continually reviewed and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the current circumstances. Actual results may differ from these estimates. Any revisions to accounting estimates are applied prospectively. The Audit Committee considers estimates and judgements made by management, as detailed in the Audit Committee Report on pages 69 to 74. Key sources of estimation uncertainty The key sources of estimation uncertainty at the reporting period end, that may have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next financial period are as below: \u2022 Impairment of non-financial assets \u2013 refer to Note 14 \u2022 Inventory valuation \u2013 refer to Note 15 Critical accounting judgements Critical judgements, apart from those involving estimations, that are applied in the preparation of the consolidated Group financial statements are as below: \u2022 Going concern \u2013 refer to Note 2.3 \u2022 Identification of adjusting items \u2013 refer to Note 3 \u2022 Lease term \u2013 refer to Note 13 Changes to judgements and estimates The following areas, disclosed as key sources of estimation uncertainty or critical accounting judgements in the prior year, are no longer considered as such: \u2022 Returns provisions have been removed as a key source of estimation uncertainty, on the basis that a reasonable possible change in the estimated returns rate (based on year-on-year movements) does not cause a material change to the carrying amount of the related assets nor liabilities. \u2022 The depreciation and amortisation of property, plant and equipment and other intangible assets has been removed as a key source of estimation uncertainty. Whilst useful economic lives remains an estimate, it is not considered that this estimate has a significant risk of causing a material adjustment to the carrying amount of the relevant assets in the next financial period. \u2022 Legal contingencies has been removed as a significant judgement, on the basis that the assessment of whether the Group\u2019s existing contingent liabilities should be provided for does not require significant judgement. \u2022 The judgement around post balance sheet events included as a significant judgement in the prior year related specifically to the commercial model change. This is now in-year activity, and therefore post balance sheet events are no longer included as a critical accounting judgement. The impairment of non-financial assets, assumptions pertaining to going concern, and the assessment of lease terms were added as key sources of estimation uncertainty and critical accounting judgements in the year. Impact of climate change on the Group\u2019s judgements and estimates In assessing the Group\u2019s judgements and sources of estimation uncertainty, consideration has been given to the impact of climate change risk on these. With the exception of the impairment of non-financial assets (refer to Note 14), it is not considered that climate change risks have any material impacts on the Group\u2019s judgements or sources of estimation uncertainty for the following reasons: Estimate/judgement Explanation Inventory valuation \u2022 In line with the Group\u2019s TCFD disclosures on page 19, transitional risk analysis has been focused on the short term (i.e. 2025). Inventory is a current asset, and therefore by definition expected to be sold within one year, and therefore there is considered little risk to inventory valuation for climate-related issues. Going concern \u2022 Similarly, the going concern analysis covers the period to February 2025 (i.e. very early 2025), therefore there is not considered to be an impact on the going concern assessment. Identification of lease terms \u2022 Judgement is related to the Group\u2019s lease portfolio, for which the risk from climate change is not considered material. The warehouses and head office sites are located in areas which the Group would not expect to be physically impacted by climate change. Identification of adjusting items \u2022 Relates to in-year activity therefore not impacted by climate change. 2.8 Climate change within the financial statements In preparing the Group\u2019s financial statements, consideration has been given to the impact of both physical and transition climate change risks, as described within the Task Force on Climate-Related Financial Disclosures (TCFD) section on page 19, and how these impact the financial statements. While it is not believed that these climate change risks have a material impact on the Group\u2019s financial statements, further narrative disclosure has been provided in the following disclosure notes: \u2022 Going Concern \u2013 Note 2.3 \u2022 Significant accounting judgements, estimates and assumptions \u2013 Note 2.7 \u2022 Property, plant and equipment, right of use assets and intangible assets \u2013 Note 12 \u2022 Impairment of non-financial assets \u2013 Note 14 The policy, technology and market changes in response to climate change are still developing, and consequently the financial statements cannot capture all possible future outcomes as these are not yet known. Revenue recognition Revenue is income arising from the sale of goods and services in the ordinary course of the Group\u2019s activities, net of value added taxes. Revenue is recognised when performance obligations are satisfied, at the transaction price allocated to that obligation. Further information is included below. Accounting policy Finance income and costs are recognised in the consolidated income statement as it is earned on financial instruments measured at amortised cost, using the effective interest rate method. Finance costs directly attributable to the acquisition or construction of qualifying assets are capitalised. Qualifying assets are those that necessarily take a substantial period of time to prepare for their intended use, and for the Group relate to the automation projects within its fulfilment centres. All other finance expenses are recognised in the consolidated income statement in the period in which they occur. Accounting policy Current tax Current tax is the expected tax payable based on the taxable profit for the period, using tax laws that have been enacted or substantively enacted by the reporting date. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities. Current tax is charged or credited to the income statement, except when it relates to items charged to equity or other comprehensive income. Deferred tax Deferred tax is provided using the balance sheet liability method, providing for temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset realised based on the tax rates that have been enacted or substantively enacted by the balance sheet date. Deferred tax is charged or credited in the consolidated income statement, except when it relates to items charged or credited directly to the consolidated statement of changes in equity or the consolidated statement of comprehensive income/(loss), in which case the deferred tax is also recognised in equity, or other comprehensive income, respectively. Deferred tax liabilities are generally recognised for all taxable temporary differences, and deferred tax assets are recognised to the extent that it is probable that taxable profits will be available against which deductible temporary differences can be utilised. Such assets and liabilities are not recognised if the temporary difference arises from goodwill or from the initial recognition (other than in a business combination) of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Current and deferred tax assets and liabilities are offset where there is a legally enforceable right to offset current tax assets against current tax liabilities and when the deferred tax assets and liabilities relate to income taxes levied by the same taxation authority, in either the taxable entity or different taxable entities, and where there is an intention to settle the balances on a net basis. Accounting policy Goodwill Goodwill represents the excess of the fair value of the consideration of an acquisition over the fair value of the Group\u2019s share of the net identifiable assets of the acquired subsidiary at the date of acquisition. Goodwill is considered to have an indefinite useful life. Goodwill is tested for impairment annually and again whenever indicators of impairment are detected and is carried at cost less any provision for impairment. Brands and customer relationships Acquired brands and customer relationships are initially recognised at fair value as part of a business combination. These are subsequently amortised based on their expected useful lives on a straight-line basis. Amortisation is included within administrative expenses in the consolidated income statement. These assets are assessed for impairment if there is a triggering event. Any impairment in value is charged to the consolidated income statement in the period in which it occurs. Acquired brands and customer relationships relate to brand names and wholesale customer relationships acquired from the Arcadia Group and are amortised over their expected useful lives of between 8 and 30 years. Computer software Capitalised software development costs are stated at historic cost less accumulated amortisation and impairment. Amortisation is calculated on a straight-line basis over the assets\u2019 expected economic lives of between 5 and 15 years and recognised within administrative expenses in the consolidated income statement. The cost of acquiring and developing software that is not integral to the related hardware is capitalised separately as an intangible asset. This does not include internal website development and maintenance costs, which are expensed as incurred unless representing a technological advance leading to future economic benefit. Capitalised software costs include external direct costs of material and services and the payroll and payroll-related costs for employees who are directly associated with the project. Software under development is held at cost less any recognised impairment loss. Cloud software agreements Software as a Service (SaaS) arrangements are service contracts providing the Group with the right to access a cloud provider\u2019s application software over the contract period. Typically such arrangements involve ongoing licence fees to obtain access to the cloud provider\u2019s application software, as well as upfront costs incurred to configure or customise the SaaS solution. Configuration and customisation costs are capitalised in the following instances as intangible assets: \u2013 The Group has both a contractual right to take possession of the software at any time without significant penalty, and the ability to run the software independently of the host vendor. \u2013 The costs incurred meet the definition of and recognition criteria for an intangible asset. This includes for example the development of software code that enhances or modifies, or creates additional capability to, existing systems controlled by the Group. Where these conditions are not met, costs incurred to configure or customise, and the ongoing fees to obtain access to the cloud provider\u2019s application software, are recognised as operating expenses when the services are received. Accounting policy Property, plant and equipment is stated at historical cost less accumulated depreciation and any recognised provision for impairment. Capital work in progress is held at cost less any recognised provision for impairment. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for intended use. Property, plant and equipment is depreciated on a straight-line basis to its residual value over its anticipated economic useful life of: Fixtures, fittings, plant and machinery: 5 to 15 years Computer hardware: 3 to 5 years Accounting policy Right-of-use assets Right-of-use assets are recognised at the commencement date of the lease, when the underlying asset is available for use. The cost of right-of- use assets comprises the amount of lease liabilities recognised, any initial direct costs incurred, lease payments made at or before the commencement date and less any lease incentives received. Right-of-use assets are subsequently measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any subsequent remeasurement of lease liabilities. The recognised right-of-use assets are depreciated on a straight-line basis over the shorter of the estimated useful life and the lease term. Lease liabilities Lease liabilities are recognised at the commencement date of the lease and are measured at the present value of lease payments to be made over the lease term, discounted using the incremental borrowing rate (IBR) at the lease commencement date if the interest rate implicit in the lease is not readily determinable. The lease payments include fixed payments and variable lease payments that depend on an index or a rate (using the relevant rate at the commencement date of the lease), less any lease incentives receivable. Any variable lease payments that do not depend on an index or a rate are recognised as an expense in the period in which the event or condition that triggers the payment occurs, however the Group currently has no such variable lease payments. Contracts may contain both lease and non-lease components, in which case the Group allocates the consideration in the contract to the different components based on their relative stand-alone prices. The Group determines the lease term as the non-cancellable term of the lease, together with any periods covered by an option to extend the lease if it is reasonably certain to be exercised, or any periods covered by an option to terminate the lease (a break clause), if it is reasonably certain not to be exercised. After the commencement date of the lease, the lease liability is subsequently measured at amortised cost using the effective interest rate method. The carrying amount of lease liabilities is remeasured when there is a change in the future lease payments due to a change in the lease term such as a recognition of an extension or break option, a change in the fixed lease payments or a change in the assessment to purchase the underlying asset. Short-term leases and low value assets Payments associated with short-term leases and leases of a low value are recognised on a straight-line basis as an expense in the profit or loss, in line with the practical expedient of IFRS 16. Short-term leases are leases with a term of 12 months or less. Low-value leases mainly comprise IT equipment. Right-of-use assets Set out below are the carrying amounts of right-of-use assets recognised and the movements during the period. Right-of-use assets comprise entirely leases for land and buildings. Accounting policy Inventories comprise goods held for resale and are valued at the lower of cost and net realisable value using the weighted average cost basis. Cost comprises the purchase price and any other directly attributable costs incurred in bringing the inventories to the present location and condition, less trade discounts and rebates. Net realisable value is the estimated selling price in the ordinary course of business less variable selling expenses. Accounting policy Trade receivables are non-interest bearing and are stated at invoice value less an allowance for expected credit losses, using the simplified approach under IFRS 9, with adjustments for factors specific to each receivable. Accounting policies To be classified as cash and cash equivalents, an asset must: \u2014 Be readily convertible into cash; \u2014 Have an insignificant risk of changes in value; and \u2014 Have a maturity period of typically three months or less at acquisition. The Group presents its cash flow statement using the indirect method, whereby profit is reconciled to net cash from operating activities by adjusting profit and loss for non-cash items. The Group has chosen to present interest received as well as dividends received as cash flows from investing activities because they are returns on the Group\u2019s investments. Interest paid on borrowings and leases is presented within cash flows from financing activities as they are held for cash management purposes, as are cash payments for the principal element of lease liabilities. Accounting policy Trade and other payables are non-interest bearing and are recognised initially at fair value and subsequently measured at amortised cost using the effective interest rate method. Accounting policies Convertible debt Convertible bonds are classified as compound instruments, consisting of a liability and an equity component. At the date of issue, the fair value of the liability component is estimated using the prevailing market interest rate for similar non-convertible debt, and is subsequently recorded at amortised cost using the effective interest method until extinguished on conversion or maturity of the bonds, and is recognised within borrowings. The difference between the proceeds of issue of the convertible bond and the fair value assigned to the liability component, representing the embedded option to convert the liability into equity of the Group, is included in equity as a separate category. Issue costs are apportioned between the liability and equity components of the convertible bonds where appropriate based on their relative carrying values at the date of issue. The portion relating to the equity component is charged directly against equity. Other loans/borrowings Interest-bearing bank loans and overdrafts are initially recorded at fair value, net of attributable transaction costs, and subsequently recorded at amortised cost using the effective interest method until extinguished. Arrangement costs for loan facilities (such as the Group\u2019s revolving credit facility) are capitalised and amortised over the life of the facility at a constant rate. Accounting policy Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense. Provisions for onerous contracts are recognised when the Group believes that the unavoidable costs of meeting or exiting the contract exceed the economic benefits expected to be received under the contract. Accounting policy Ordinary shares are classified as equity instruments. Incremental costs directly attributable to the issue of new ordinary shares are shown in equity as a deduction, net of tax, from the proceeds. Accounting policies See accounting policies as follows: \u2022 Trade and other receivables \u2013 Note 16 \u2022 Cash and cash equivalents \u2013 Note 17 \u2022 Trade and other payables \u2013 Note 18 \u2022 Leases \u2013 Note 13 \u2022 Borrowings \u2013 Note 19 \u2022 Derivative financial instruments \u2013 Note 24 Accounting policy The Group\u2019s policy is to match up to 100% of foreign currency transactions in the same currency, taking into account a proportion of sales approach. For capital expenditure, the Group\u2019s policy is to hedge pre-approved foreign currency expenditure. Where appropriate, the Group uses financial instruments in the form of forward foreign exchange contracts and options contracts to hedge the net unmatched exposure of future highly probable forecast foreign currency cash flows. These derivative financial instruments are designated as cash flow hedges, and are initially measured at fair value on the contract date and then measured at fair value at subsequent reporting dates. To qualify for hedge accounting, the Group documents, at the inception of the hedge, the hedging risk management strategy, the relationship between the hedging instrument and the hedged item or transaction, the nature of the risks being hedged and an assessment of the effectiveness of the hedging relationship to ensure it is highly effective on an ongoing basis. Changes in the fair value of derivative financial instruments that are designated and effective as hedges of future cash flows are recognised directly in other comprehensive income and the ineffective portion is recognised immediately in the income statement. Where the hedged item subsequently results in the recognition of a non-financial asset such as inventory or property, plant and equipment, the amounts accumulated in other comprehensive income are included in the initial cost of the asset. For all other cash flow hedges, the amounts accumulated in other comprehensive income are recognised in the consolidated income statement when the hedged item or transaction affects the income statement. Where derivatives do not qualify for hedge accounting, any changes in the fair value of the derivative financial instrument are recognised in the income statement as they arise. Accounting policies The Group issues equity-settled share-based payments to certain employees, whereby employees render services in exchange for shares or rights over shares of the parent company. The fair value of the employee services rendered is determined by reference to the fair value of the shares awarded or options granted, excluding the impact of any non-market vesting conditions. All share options are valued using an option-pricing model. This fair value is charged to the income statement over the vesting period of the share-based payment scheme with a corresponding increase in equity, allowing for an estimate of shares that will eventually vest. The level of vesting is reviewed annually and the charge adjusted to reflect actual and estimated levels of vesting. Where a share-based payment scheme is modified during the vesting period, an additional charge is recognised over the remainder of that vesting period to the extent that the fair value of the revised scheme at the modification date exceeds the fair value of the original scheme at the modification date. Where the fair value of the revised scheme does not exceed the fair value of the original scheme, the Group continues to recognise the charge required under the conditions of the original scheme. The grant by the Company (ASOS Plc) of options over its equity instruments to the employees of subsidiary undertakings in the Group is treated as a capital contribution. The fair value of employee services received, measured by reference to the grant date fair value, is recognised over the vesting period as an increase to investment in subsidiary undertakings, with a corresponding credit to equity. The Group incurred a cost of \u00a35.2m (2022: \u00a30.6m) net of capitalised costs totalling \u00a31.2m (2022: \u00a30.2m) related to share-based payments during the financial period to 3 September 2023. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-317": {
"value": "2.1 Basis of preparation The consolidated financial statements have been prepared in accordance with UK-adopted International Financial Reporting Standards (IFRS) and with the requirements of the Companies Act 2006 and the Listing rules as applicable to companies reporting under those standards. The financial statements have been prepared under the historical cost basis of accounting, excluding derivative financial instruments which are held at fair value. The financial statements are presented in sterling and all values are rounded to the nearest million pounds except where otherwise indicated. Significant accounting policies have been included in the relevant notes to which the policies relate, and those relating to the financial statements as a whole can be read further below. Unless otherwise stated, significant accounting policies have been applied consistently to all periods presented in the financial statements. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-318": {
"value": "2.2 Changes in presentation Other comprehensive income Other comprehensive income is now disclosed as a separate statement from the consolidated income statement. Consolidated balance sheet The presentation of the consolidated balance sheet has been updated as follows: \u2022 Goodwill and other intangible assets are now disclosed as one line item \u2022 Right-of-use assets are now presented separately from property, plant and equipment \u2022 The employee benefit trust reserve which was previously disclosed separately is now reported within retained earnings \u2022 The cash flow hedge reserve, convertible bond reserve and translation reserve are grouped and presented as Other Reserves in the consolidated balance sheet, and within the consolidated statement of changes in equity The comparatives have also been updated to reflect these changes. Consolidated cash flow statement The presentation of the consolidated cash flow statement has been updated so that movements in provisions are shown separately. These were previously included within movements in trade and other payables. Comparatives have been updated. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfReclassificationsOrChangesInPresentationExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-319": {
"value": "2.3 Going concern The Directors are satisfied that the Group has sufficient resources to continue in operation for a period of at least 12 months from the date of approval of the financial statements, and therefore continue to adopt the going concern basis in preparing the financial statements. To support this assessment, detailed cash flow forecasts were prepared for the 18-month period to February 2025. In assessing the Group\u2019s going concern position, the Directors have considered the Group\u2019s detailed budgeting and forecasting process which reflects the Group\u2019s financial performance, position and cash flows over the going concern period (the base case). These cash flow forecasts represent the Directors\u2019 best estimate of trading performance and cost implications in the market based on current agreements, market experience and consumer demand expectations. In conjunction with this, the Directors considered the Group\u2019s business activities and principal risks, reviewing the Group\u2019s cash flows, liquidity positions and borrowing facilities for the going concern period. The review included the continued availability of existing borrowings, principally related to the new Bantry Bay debt facility and issued convertible bonds, details of which can be found in Note 19. At 3 September 2023, the Group was fully drawn on the \u00a3200m term loan with Bantry Bay, and had an undrawn Revolving Credit Facility (\u201cRCF\u201d) of \u00a375m, with a maturity of April 2026, along with \u00a3500m convertible bonds with a maturity of April 2026. The only covenant the Group is subject to under the debt facilities is a minimum liquidity covenant of \u00a390m, based on available cash and cash equivalents and amounts undrawn under the RCF, which is the primary test within the going concern assessment. Key assumptions\u2013 forecasting business cash flows The assessment of the Group\u2019s going concern position required significant management judgement, including in determining the key assumptions that have the greatest impact on forecasts of future business performance and the range of reasonably possible outcomes of those assumptions. The economic environment has remained challenging throughout FY23 with cost of living pressures continuing to impact customer spending and sentiment. It is not known how long this will continue to directly impact the business and consumer behaviour, nor the impact that a changed economy will have on consumers over the going concern period. For the purposes of the Group\u2019s going concern assessment, the Directors have therefore made assumptions on the likely future cash flows in the uncertain macro environment. The assumptions considered include the continued transition to the Group\u2019s new operating model and subsequent working capital improvements, as well as a marginal improvement in the macro trading environment, with the online fashion market assumed to return to growth on an aggregated basis across the Group\u2019s key territories. The base case assumes the market backdrop within the initial going concern period is to remain challenging, resulting in assumed year-on-year Group sales declines in FY24 of between (5)% and (15)%, returning to year-on-year double digit sales growth and subsequent market share gains by the end of the assessment period. The base case also assumes modest year-on-year improvements in adjusted gross margin during FY24, with up to c.300bps growth vs FY23 towards the end of the assessment period. Aligned to the Group\u2019s principal risks, the Directors have also considered various severe but plausible downside scenarios against the base case, comprising of the following assumptions: \u2022 Sales growth reduction; \u2022 Gross margin reduction; \u2022 Potential working capital cash impacts. The downside scenarios are considered and mapped by half, with the greater degree of assumption-based improvements and subsequent volatility in the outer periods commanding more severe downside sensitivities. Sensitivities mapped against the base case within the downside case are highlighted below: Downside vs base case H1 FY24 H2 FY24 H1 FY25 Sales (5)% (10)% (15)% Gross Margin (140)bps (250)bps (220)bps Working Capital impact (average) \u00a3(76)m (\u00a384)m \u00a3(73)m Should the Group see such significant events unfold it has several mitigating actions it can implement to manage its liquidity risk, such as deferring capital investment spend, deferring or reducing stock intake to match the sales reduction, and implementing further cost management to maintain a sufficient level of liquidity headroom during the going concern period. The combined impact of the above downside scenarios and mitigations does not trigger a minimum liquidity breach at any point in the going concern period, and offers suitable headroom above the threshold referred to in the Bantry Bay debt facility. Reverse stress tests have also been performed on both the Group\u2019s revenue and gross margin. The tests under consideration hold all metrics in line with the downside case highlighted above, analysing how far the stress metric would need to decline against the base case to cause a liquidity event. Such results would have to see a minimum of c.30% decline in sales over the base case,or a decline in gross margin from the base case of c.650bps across the entire assessment period. Both are considered remote based on results of previous significant economic events and recent trading performance, particularly on the basis that the Group is annualising the challenging market conditions experienced in FY23. In assessing the group\u2019s ability to continue as a going concern the directors have considered climate change risks. As noted in the TCFD report, transitional risk outcomes are expected to manifest in the short to medium term (2025 to 2030). As the going concern assessment covers the 18 months to February 2025 (i.e. the very beginning of the TCFD transitional risk period) it is not considered that climate-related risks result in any material uncertainties affecting the Group\u2019s ability to continue as a going concern. Based on the above, the Directors have concluded that, on the basis of there being liquidity headroom under both the base case and downside scenarios, and the consideration that the reverse stress test scenario is remote, it is appropriate to adopt the going concern basis of accounting in the preparation of the Group\u2019s annual financial statements, with no material uncertainty to disclose. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfGoingConcernExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-320": {
"value": "2.4 Basis of consolidation The consolidated Group financial statements include the financial statements of ASOS Plc, all its subsidiaries, and the Employee Benefit Trust and Link Trust up to the reporting date. a) Subsidiaries Subsidiary undertakings are all entities over which the Group has control. The Group controls an entity where the Group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power to direct the activities of the entity. The results of subsidiaries are included in the income statement from the date of acquisition or, in the case of disposals, up to the effective date of disposal. Intercompany transactions and balances between Group companies are eliminated upon consolidation. A list of all the subsidiaries of the Group is included on page 166 of the annual report. All apply accounting policies which are consistent with those of the rest of the Group. Any non-controlling interest acquired on acquisition of a subsidiary is recognised at the proportionate share of the acquired net assets. Subsequent to acquisition, the carrying amount of non-controlling interest equals the amount of those interests at initial recognition plus the non-controlling share of changes in equity since acquisition. Transactions with non-controlling interests that do not result in loss of control are accounted for as equity transactions. Total comprehensive income is attributed to a non-controlling interest even if this results in the non- controlling interest having a deficit balance. b) Employee Benefit Trust and Link Trust The Employee Benefit Trust and Link Trust (the Trusts) are considered to be controlled by the Group. The activities of the Trusts are conducted on behalf of the Group according to its specific business needs in order to obtain benefits from its operation and, on this basis, the assets held by the Trusts are consolidated into the Group\u2019s financial statements. c) Foreign currencies The consolidated financial statements are presented in pound sterling, which is the ultimate parent company\u2019s functional currency. Transactions in foreign currencies are translated to the functional currency at the exchange rate on the date of the transaction. At each balance sheet date, monetary assets and liabilities denominated in foreign currencies at the balance sheet date are translated at the exchange rate ruling at that date. Foreign exchange differences arising on translation are recognised in the income statement. The assets and liabilities of the Group\u2019s foreign operations are translated into Pounds Sterling at exchange rates prevailing at the balance sheet date. Profits and losses are translated at average exchange rates for the relevant accounting periods. Exchange differences arising are recognised in the consolidated statement of comprehensive income/(loss) and are included in the Group\u2019s translation reserve. Such translation differences are recognised as income or expenses in the period in which the operation is disposed of. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-352": {
"value": "a) Subsidiaries Subsidiary undertakings are all entities over which the Group has control. The Group controls an entity where the Group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power to direct the activities of the entity. The results of subsidiaries are included in the income statement from the date of acquisition or, in the case of disposals, up to the effective date of disposal. Intercompany transactions and balances between Group companies are eliminated upon consolidation. A list of all the subsidiaries of the Group is included on page 166 of the annual report. All apply accounting policies which are consistent with those of the rest of the Group. Any non-controlling interest acquired on acquisition of a subsidiary is recognised at the proportionate share of the acquired net assets. Subsequent to acquisition, the carrying amount of non-controlling interest equals the amount of those interests at initial recognition plus the non-controlling share of changes in equity since acquisition. Transactions with non-controlling interests that do not result in loss of control are accounted for as equity transactions. Total comprehensive income is attributed to a non-controlling interest even if this results in the non- controlling interest having a deficit balance. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-353": {
"value": "c) Foreign currencies The consolidated financial statements are presented in pound sterling, which is the ultimate parent company\u2019s functional currency. Transactions in foreign currencies are translated to the functional currency at the exchange rate on the date of the transaction. At each balance sheet date, monetary assets and liabilities denominated in foreign currencies at the balance sheet date are translated at the exchange rate ruling at that date. Foreign exchange differences arising on translation are recognised in the income statement. The assets and liabilities of the Group\u2019s foreign operations are translated into Pounds Sterling at exchange rates prevailing at the balance sheet date. Profits and losses are translated at average exchange rates for the relevant accounting periods. Exchange differences arising are recognised in the consolidated statement of comprehensive income/(loss) and are included in the Group\u2019s translation reserve. Such translation differences are recognised as income or expenses in the period in which the operation is disposed of. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-382": {
"value": "The consolidated financial statements are presented in pound sterling, which is the ultimate parent company\u2019s functional currency. Transactions in foreign currencies are translated to the functional currency at the exchange rate on the date of the transaction. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-321": {
"value": "2.5 Amendments to published standards The Group has considered the following amendments to published standards that are effective for the Group for the financial period beginning 1 September 2022 and concluded that they are either not relevant to the Group or that they do not have a significant impact on the Group\u2019s financial statements other than disclosures. \u2022 Onerous Contracts \u2013 Cost of Fulfilling a Contract (Amendments to IAS 37) \u2022 Annual Improvements to IFRS Standards 2018-2020 \u2022 Property, Plant and Equipment: Proceeds before Intended Use (Amendments to IAS 16) \u2022 Reference to the Conceptual Framework (Amendments to IFRS 3) The following standards and revisions will be effective for future periods: \u2022 IFRS 17 \u2018Insurance Contracts\u2019 \u2022 Amendments to IAS 1 \u2018Presentation of Financial Statements\u2019 and IFRS Practice Statement 2 \u2018Making Materiality Judgements\u2019 on the disclosure of accounting policies \u2022 Amendments to IAS 1 \u2018Presentation of Financial Statements\u2019 on the classification of liabilities as current or non-current \u2022 Amendments to IAS 1 \u2018Presentation of Financial Statements\u2019 on non-current liabilities with covenants \u2022 Amendments to IAS 8 \u2018Accounting Policies, Changes in Accounting Estimates and Errors\u2019 on the definition of accounting estimates \u2022 Amendments to IAS 12 \u2018Income Taxes\u2019 on Deferred Tax Related to Assets and Liabilities Arising from a Single Transaction \u2022 Amendments to IFRS 16 \u2018Leases\u2019 on Lease Liability in a Sale and Leaseback \u2022 Amendments to IFRS 10 \u2018Consolidated Financial Statements\u2019 and IAS 28 \u2018Investments in Associates and Joint Ventures\u2019 on the sale or contribution of assets between an investor and its associate or joint venture The Group has considered the impact of the remaining above standards and revisions and have concluded that they will not have a significant impact on the Group\u2019s financial statements. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-354": {
"value": "The Group has considered the following amendments to published standards that are effective for the Group for the financial period beginning 1 September 2022 and concluded that they are either not relevant to the Group or that they do not have a significant impact on the Group\u2019s financial statements other than disclosures. \u2022 Onerous Contracts \u2013 Cost of Fulfilling a Contract (Amendments to IAS 37) \u2022 Annual Improvements to IFRS Standards 2018-2020 \u2022 Property, Plant and Equipment: Proceeds before Intended Use (Amendments to IAS 16) \u2022 Reference to the Conceptual Framework (Amendments to IFRS 3) ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfInitialApplicationOfStandardsOrInterpretations",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-355": {
"value": "The following standards and revisions will be effective for future periods: \u2022 IFRS 17 \u2018Insurance Contracts\u2019 \u2022 Amendments to IAS 1 \u2018Presentation of Financial Statements\u2019 and IFRS Practice Statement 2 \u2018Making Materiality Judgements\u2019 on the disclosure of accounting policies \u2022 Amendments to IAS 1 \u2018Presentation of Financial Statements\u2019 on the classification of liabilities as current or non-current \u2022 Amendments to IAS 1 \u2018Presentation of Financial Statements\u2019 on non-current liabilities with covenants \u2022 Amendments to IAS 8 \u2018Accounting Policies, Changes in Accounting Estimates and Errors\u2019 on the definition of accounting estimates \u2022 Amendments to IAS 12 \u2018Income Taxes\u2019 on Deferred Tax Related to Assets and Liabilities Arising from a Single Transaction \u2022 Amendments to IFRS 16 \u2018Leases\u2019 on Lease Liability in a Sale and Leaseback \u2022 Amendments to IFRS 10 \u2018Consolidated Financial Statements\u2019 and IAS 28 \u2018Investments in Associates and Joint Ventures\u2019 on the sale or contribution of assets between an investor and its associate or joint venture The Group has considered the impact of the remaining above standards and revisions and have concluded that they will not have a significant impact on the Group\u2019s financial statements. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-322": {
"value": "2.6 Alternative performance measures (APMs) In the reporting of financial information, the Directors use various APMs. These APMs should be considered in addition to, and are not intended to be a substitute for, IFRS measurements. As they are not defined by International Financial Reporting Standards, they may not be directly comparable with other companies\u2019 APMs. The Directors believe that these APMs provide additional useful information for understanding the financial performance and health of the Group. They are also used to enhance the comparability of information between reporting periods (such as adjusted profit) by adjusting for non- recurring or uncontrollable factors which affect IFRS measures, to aid users in understanding the Group\u2019s performance. Consequently, APMs are used by the Directors and management for performance analysis, planning, reporting and incentive setting purposes. The APMs that the Group has focused on in the period are defined and reconciled on pages 167 to 170. All of the APMs relate to the current period\u2019s results and comparative periods. ",
"dimensions": {
"concept": "asosplc:DisclosureOfAlternativePerformanceMeasures",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-323": {
"value": "2.7 Significant accounting judgements and estimates The preparation of the Group\u2019s financial statements requires the use of judgements, estimates and assumptions in applying the Group\u2019s accounting policies to determine the reported amounts of assets, liabilities, income and expenses. Estimates and judgements are continually reviewed and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the current circumstances. Actual results may differ from these estimates. Any revisions to accounting estimates are applied prospectively. The Audit Committee considers estimates and judgements made by management, as detailed in the Audit Committee Report on pages 69 to 74. Key sources of estimation uncertainty The key sources of estimation uncertainty at the reporting period end, that may have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next financial period are as below: \u2022 Impairment of non-financial assets \u2013 refer to Note 14 \u2022 Inventory valuation \u2013 refer to Note 15 Critical accounting judgements Critical judgements, apart from those involving estimations, that are applied in the preparation of the consolidated Group financial statements are as below: \u2022 Going concern \u2013 refer to Note 2.3 \u2022 Identification of adjusting items \u2013 refer to Note 3 \u2022 Lease term \u2013 refer to Note 13 Changes to judgements and estimates The following areas, disclosed as key sources of estimation uncertainty or critical accounting judgements in the prior year, are no longer considered as such: \u2022 Returns provisions have been removed as a key source of estimation uncertainty, on the basis that a reasonable possible change in the estimated returns rate (based on year-on-year movements) does not cause a material change to the carrying amount of the related assets nor liabilities. \u2022 The depreciation and amortisation of property, plant and equipment and other intangible assets has been removed as a key source of estimation uncertainty. Whilst useful economic lives remains an estimate, it is not considered that this estimate has a significant risk of causing a material adjustment to the carrying amount of the relevant assets in the next financial period. \u2022 Legal contingencies has been removed as a significant judgement, on the basis that the assessment of whether the Group\u2019s existing contingent liabilities should be provided for does not require significant judgement. \u2022 The judgement around post balance sheet events included as a significant judgement in the prior year related specifically to the commercial model change. This is now in-year activity, and therefore post balance sheet events are no longer included as a critical accounting judgement. The impairment of non-financial assets, assumptions pertaining to going concern, and the assessment of lease terms were added as key sources of estimation uncertainty and critical accounting judgements in the year. Impact of climate change on the Group\u2019s judgements and estimates In assessing the Group\u2019s judgements and sources of estimation uncertainty, consideration has been given to the impact of climate change risk on these. With the exception of the impairment of non-financial assets (refer to Note 14), it is not considered that climate change risks have any material impacts on the Group\u2019s judgements or sources of estimation uncertainty for the following reasons: Estimate/judgement Explanation Inventory valuation \u2022 In line with the Group\u2019s TCFD disclosures on page 19, transitional risk analysis has been focused on the short term (i.e. 2025). Inventory is a current asset, and therefore by definition expected to be sold within one year, and therefore there is considered little risk to inventory valuation for climate-related issues. Going concern \u2022 Similarly, the going concern analysis covers the period to February 2025 (i.e. very early 2025), therefore there is not considered to be an impact on the going concern assessment. Identification of lease terms \u2022 Judgement is related to the Group\u2019s lease portfolio, for which the risk from climate change is not considered material. The warehouses and head office sites are located in areas which the Group would not expect to be physically impacted by climate change. Identification of adjusting items \u2022 Relates to in-year activity therefore not impacted by climate change. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-324": {
"value": "2.8 Climate change within the financial statements In preparing the Group\u2019s financial statements, consideration has been given to the impact of both physical and transition climate change risks, as described within the Task Force on Climate-Related Financial Disclosures (TCFD) section on page 19, and how these impact the financial statements. While it is not believed that these climate change risks have a material impact on the Group\u2019s financial statements, further narrative disclosure has been provided in the following disclosure notes: \u2022 Going Concern \u2013 Note 2.3 \u2022 Significant accounting judgements, estimates and assumptions \u2013 Note 2.7 \u2022 Property, plant and equipment, right of use assets and intangible assets \u2013 Note 12 \u2022 Impairment of non-financial assets \u2013 Note 14 The policy, technology and market changes in response to climate change are still developing, and consequently the financial statements cannot capture all possible future outcomes as these are not yet known. ",
"dimensions": {
"concept": "asosplc:DisclosureOfClimateChangeWithinTheFinancialStatements",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-325": {
"value": "3 ADJUSTED PROFIT BEFORE TAX In order to provide shareholders with additional insight into the year-on-year performance of the business, an adjusted measure of profit is provided to supplement the reported IFRS numbers, and reflects how the business measures performance internally. Adjusted items are those which are significant either by virtue of their size and/or nature, the inclusion of which could distort comparability between periods. The assessment is made both on an individual basis and, if of a similar type, in aggregate. Critical accounting judgement \u2013 identification of adjusted items The assessment of whether to adjust certain items requires judgement, and covers the nature of the item, the cause of its occurrence and the scale of impact of that item on reported performance and individual financial statement line items, as well as consistency with prior periods. The same assessment is applied consistently to any reversals of prior adjusting items. Adjusted profit before tax (and similarly adjusted EBIT) is not an IFRS measure and therefore not directly comparable to other companies. The consolidated income statement is presented in a columnar format to enable users of the financial statements to see the Group\u2019s performance before adjusting items, the adjusting items, and the statutory total on a line-by-line basis. An analysis of the adjusting items included in the consolidated income statement, together with the impact of these items on the consolidated cash flow statement, is disclosed below. 1 September 2022 to 3 September 2023 Revenue \u00a3m Cost of sales \u00a3m Administrative expenses \u00a3m Finance expenses \u00a3m Total adjustments before tax \u00a3m Tax \u00a3m Total \u00a3m Driving change agenda Commercial operating model change 11.5 (130.0) (14.7) \u2013 (133.2) 33.2 (100.0) Property-related costs \u2013 \u2013 (60.2) (0.5) (60.7) 15.2 (45.5) Other strategic initiatives \u2013 \u2013 (24.6) (6.4) (31.0) 7.4 (23.6) Amortisation of acquisition intangibles \u2013 \u2013 (10.7) \u2013 (10.7) 2.7 (8.0) Other items \u2013 14.1 (4.9) \u2013 9.2 (2.3) 6.9 11.5 (115.9) (115.1) (6.9) (226.4) 56.2 (170.2) Year to 31 August 2022 ASOS Reimagined \u2013 \u2013 (25.4) \u2013 (25.4) 4.8 (20.6) Main Market transition costs \u2013 \u2013 (5.7) \u2013 (5.7) (1.1) (6.8) Impairment of Leavesden assets \u2013 \u2013 (18.5) \u2013 (18.5) 2.3 (16.2) Employee and other liabilities relating to acquisition of Arcadia brands \u2013 \u2013 6.4 \u2013 6.4 (1.2) 5.2 Amortisation of acquired intangible assets \u2013 \u2013 (10.7) \u2013 (10.7) 1.6 (9.1) \u2013 \u2013 (53.9) \u2013 (53.9) 6.4 (47.5) Driving change agenda In October 2022, ASOS\u2019 new CEO delivered an assessment of the business\u2019s strengths and weaknesses and launched the Driving Change agenda to return ASOS to profitability and cash generation. This strategy centred around four pillars: a) A renewed commercial model: A new approach to buying, merchandising, managing and clearing stock designed to increase flexibility and improve stock turn, increasing full price sales and generating cash. b) Stronger order economics and a lighter cost profile: Actions to improve order profitability in all markets while reducing costs in all parts of the business. c) Robust, flexible balance sheet: Ensuring sufficient flexibility in the Group\u2019s balance sheet to successfully execute its strategy while aligning investment with capacity requirements to ensure a more efficient allocation of capital. d) Enabled by a reinforced leadership team and refreshed culture: Reinforcing the Senior Leadership team with strategic hires while embedding a more innovative culture at all levels. Various items of income and expenditure have been incurred during the period in relation to this, as outlined below. Commercial operating model A key focus for ASOS in FY23 has been the introduction of the new commercial operating model which was approved by the Board during the current financial period. The new model involves a more disciplined approach to intake, increased speed to market and clearing product more quickly to reduce the Group\u2019s inventory requirement, increase full price sales and hence gross margin, and improve customer engagement. To unlock these benefits, the Group must also clear old stock acquired under its previous ways of working. As such and in addition to clearance via its own platform, ASOS is utilising offsite clearance routes to support its transition to the new model. To transition to the new model, a reshaping of the inventory portfolio has been required, and as a result additional costs have been recognised totalling \u00a3133.2m. This comprises losses on stock cleared during the period, net of income received of \u00a311.5m, as well as provisions for stock (either held as at FY22 or committed to purchase as at FY22) that will be sold through alternative clearance channels (i.e. not via the ASOS website). Extraction and relevant holding costs totalling \u00a314.7m have also been incurred. Property related costs During the period it was agreed to vacate a number of Group-occupied sites, including office and warehouse space. As a result, costs of \u00a360.7m have been incurred, comprising the following: 1 September 2022 to 3 September 2023 \u00a3m Impairment of property, plant and equipment (a) (5.6) Impairment of intangible assets (a) (1.7) Impairment of right of use assets (a) (20.0) Impairment of investment property (a) (1.3) Accelerated depreciation (b) (7.6) Exit provisions (c) (18.3) Other closure costs (d) (6.2) (60.7) a) Impairment of assets for sites vacated during the financial period. The related assets have been written off in full. b) The remaining useful economic lives of corresponding sites have been reassessed to align with closure dates, resulting in an acceleration in depreciation of these assets. The existing depreciation of these assets (depreciation that would have been recognised absent of a closure decision) is recognised within adjusted profit, whereas accelerated depreciation above this is recognised outside of adjusted profit. c) Exit provisions relate to onerous contract costs on leased sites that have been identified for closure. Upon initial recognition of exit provisions, management uses its best estimates of the relevant costs to be incurred as well as expected closure dates. This excludes business rates on leased property which are recognised in the period they are incurred. Whilst the properties remain vacant, ongoing expenses relating to lease interest, onerous provision unwinds and business rates will be reported outside adjusted profit given they do not relate to operational sites of the Group. d) Relates to negotiated exit costs to vacate certain leased sites ahead of the lease end date. Other strategic initiatives Other priorities for FY23 communicated at the FY22 results included: (i) stronger order economics and a lighter cost profile, (ii) a robust, flexible balance sheet, and, (iii) a reinforced leadership team and refreshed culture. ASOS has progressed with each of these priorities during the period, with costs of \u00a331.0m incurred and excluded from adjusted profit. These predominantly relate to external consultancy costs to support the launch of the programme and the identification of initiatives (\u00a38.9m), severance costs (\u00a37.7m), costs incurred associated with the revolving credit facility covenant waiver and subsequent refinancing during the year (\u00a38.1m \u2013 refer to Note 19 for more detail) and other business restructuring costs (\u00a36.3m). The Driving Change agenda has replaced the Group\u2019s ASOS Reimagined programme that commenced in the prior year. Costs incurred last year in relation to ASOS Reimagined totalled \u00a325.4m, bringing cumulative change agenda costs incurred to date to \u00a3250.3m (including the commercial model change and property initiatives), of which \u00a363.0m is cash. Amortisation of acquired intangible assets Amortisation of acquired intangible assets is adjusted for as acquisitions are outside business-as-usual operations for ASOS. These assets would not normally be recognised outside of a business combination, therefore the associated amortisation is adjusted. Other items During the period, the Group corrected in-aggregate and individually immaterial items relating to prior years totalling \u00a39.2m. Prior year adjusting items Items recognised outside adjusted profit in the prior year relate to: \u2022 ASOS Reimagined \u2013 A multi-year programme to enable the business to accelerate delivery of the strategy and medium-term plan set out at the Capital Markets Day held on 10 November 2021. This has subsequently been replaced by the Group\u2019s Driving Change agenda. \u2022 Main Market transition costs \u2013 ASOS\u2019 transition to the Main Market of the London Stock Exchange, which was completed on 22 February 2022. \u2022 Impairment of Leavesden assets \u2013 A non-cash impairment charge relating to the right-of-use assets and associated fixtures and fittings at part of ASOS\u2019 Leavesden office. \u2022 Employee and other liabilities relating to Arcadia acquisition \u2013 The release of a contingent liability relating to employee and other costs, which was originally recognised as part of the Arcadia acquisition in February 2021. Classification as adjusting items Given a number of the costs incurred as part of the above programmes facilitate future ongoing cost savings, it was considered whether it was appropriate to report these costs within adjusted profit/(loss). Whilst they arise from changes in the Group\u2019s underlying operations, they can be separately identified, are significant in size/nature and their inclusion within adjusted profit/(loss) does not facilitate meaningful comparison between financial periods. Furthermore, the costs incurred arise as a result of implementing changes for the future to evolve and reshape the business and are therefore not reflective of ordinary, in-year trading activity, and for areas being closed or restructured, these operations no longer relate to the Group\u2019s trading operations. Exclusion from adjusted profit/(loss) is therefore considered appropriate. Cash flow impact of adjusting items The total cash flow impact of adjusting items is as follows: 1 September 2022 to 3 September 2023 \u00a3m Year to 31 August 2022 \u00a3m Commercial operating model change 3.5 \u2013 Other strategic initiatives (including ASOS Reimagined) (56.9) (12.5) Main Market transition costs \u2013 (5.7) Total adjusting items within cash flow (53.4) (18.2) Other strategic initiatives includes \u00a330.8m fees paid in relation to refinancing included within cash flows from financing activities, as detailed in Note 19. An additional property initiative was approved after the balance sheet date for which costs are expected next year that will be excluded from adjusted profit. Refer to Note 29 for additional information.",
"dimensions": {
"concept": "asosplc:DisclosureOfAdjustedProfitBeforeTax",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-326": {
"value": "4 REVENUE Accounting policy Revenue recognition Revenue is income arising from the sale of goods and services in the ordinary course of the Group\u2019s activities, net of value added taxes. Revenue is recognised when performance obligations are satisfied, at the transaction price allocated to that obligation. Further information is included below. Retail sales Retail sales represent the majority of the Group\u2019s revenue, and consist of internet sales. Revenues are recorded net of an appropriate deduction for actual and expected returns, relevant vouchers and sales taxes. Revenues for goods are recognised on dispatch to the customer instead of delivery to the customer for practical reasons. The impact of this is assessed at each reporting period and is immaterial to group revenue and profits. It is the Group\u2019s policy to sell its products to the retail customer with a right to return. The value of goods to be returned is estimated based on historical returns, and is recorded as a deduction to revenue, with a corresponding refund liability recognised within trade and other payables. A separate right of return asset is recognised and included within inventory which represents the right to recover product from the customer. The Group does not operate any loyalty programmes. Deferred revenue in relation to gift card redemptions is estimated on the basis of historical redemption rates, and recognised within revenue in line with redemptions. Revenue from other services Revenue from other services relates to premier subscription income, marketing income earned from the website, commission income, delivery receipt payments and revenue recognised in relation to wholesale sales. Income relating to the Group\u2019s ASOS Premier subscription (which span a year) is recognised on a straight-line basis throughout the year\u2019s subscription. Income from marketing services is recognised as performance obligations are completed in line with the terms and conditions of each contract. For commission income, the Group, as agent, only recognises the commission receivable within revenue, being the net amount of consideration retained after paying the brand partner the consideration received in exchange for the goods provided by the relevant partner. The assessment of whether to recognise revenue as principal or agent considers whether the Group controls the relevant goods prior to sale to the end customer. The level of judgement involved is not considered material to the Group. In line with retail sales, delivery receipts and wholesale revenue are recognised on dispatch to the customer instead of at delivery. The impact is not material to the Group\u2019s results. 1 September 2022 to 3 September 2023 \u00a3m Year to 31 August 2022 \u00a3m Retail sales 3,388.2 3,772.6 Premier subscription income 24.7 24.6 Marketing and other services1 20.7 17.3 Delivery receipts 72.7 74.5 Wholesale revenue 43.2 47.5 3,549.5 3,936.5 1 Marketing and other services includes commission income",
"dimensions": {
"concept": "ifrs-full:DisclosureOfRevenueExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-356": {
"value": "Revenue recognition Revenue is income arising from the sale of goods and services in the ordinary course of the Group\u2019s activities, net of value added taxes. Revenue is recognised when performance obligations are satisfied, at the transaction price allocated to that obligation. Further information is included below. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-327": {
"value": "5 SEGMENTAL ANALYSIS IFRS 8 \u2018Operating Segments\u2019 requires operating segments to be identified on the basis of internal reporting on components of the Group that are regularly reviewed by the chief operating decision-maker to allocate resources to the segments and to assess their performance. The Chief Operating Decision Maker has been determined to be the Management Committee (renamed from the Executive Committee as part of the Group\u2019s Driving Change agenda). It is the Management Committee that reviews the Group\u2019s internal reporting in order to assess performance and allocate resources across the business. In doing so, the Management Committee reviews performance across the Group via a number of sources, comprising regular monthly management accounts, and ad hoc analysis that provides deep dives into different areas, including territory, brands and revenue streams. In determining the Group\u2019s operating segments, management has considered the level of information which is regularly reviewed by the Management Committee. Information regularly reviewed by the Management Committee is at a consolidated Group level only, with some disaggregated revenue information and associated metrics provided for the geographical territories of the UK, the US, Europe and the Rest of the World. However, decisions on resource allocation are not made based on this information. Such decisions are made on ad hoc analysis, separately provided to the Management Committee, and does not constitute information that is either regularly provided to, nor reviewed by, the Management Committee. As a result, it has been concluded that the Group has only one operating segment (the Group level). Information by Geographical territory is included below in line with the entity-wide disclosure requirements of IFRS 8 \u2018Operating Segments\u2019. 1 September 2022 to 3 September 2023 UK \u00a3m EU \u00a3m US \u00a3m Rest of World \u00a3m Total \u00a3m Retail sales 1,494.6 1,127.3 443.6 322.7 3,388.2 Income from other services (Note 4) 59.8 29.4 57.5 14.6 161.3 Total revenue 1,554.4 1,156.7 501.1 337.3 3,549.5 Cost of sales (2,090.5) Gross profit 1,459.0 Distribution expenses (429.7) Administrative expenses (1,279.8) Other income 2.0 Operating loss (248.5) Finance income 5.0 Finance expense (53.2) Loss before tax (296.7) Non-current assets1 994.1 177.9 162.0 \u2013 1,334.0 Year to 31 August 2022 UK \u00a3m EU \u00a3m US \u00a3m Rest of World \u00a3m Total \u00a3m Retail sales 1,703.3 1,142 .6 472.7 454.0 3,772.6 Income from other services (Note 4) 59.5 27.4 58.7 18.3 163.9 Total revenue 1,762.8 1,170.0 531.4 472.3 3,936.5 Cost of sales (2,219.0) Gross profit 1,717.5 Distribution expenses (523.7) Administrative expenses (1,224.2) Other Income 20.6 Operating loss (9.8) Finance income 0.9 Finance expense (23.0) Loss before tax (31.9) Non-current assets1 1,006.7 188.8 185.2 \u2013 1,380.7 1 Non-current assets above exclude goodwill, derivative financial assets and deferred tax assets. The above presentation is consistent with the analysis provided to the chief operating decision maker within the monthly management accounts. Due to the nature of its activities, the Group is not reliant on any individual major customers. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-328": {
"value": "6 OPERATING (LOSS)/PROFIT Operating (loss)/profit is stated after charging/(crediting): 1 September 2022 to 3 September 2023 \u00a3m Year to 31 August 2022 \u00a3m Depreciation and amortisation: Property, plant and equipment 31.4 30.7 Right-of-use assets 35.9 30.3 Investment properties 0.5 \u2013 Other intangible assets 104.7 88.8 Impairment of non-financial assets: Property, plant and equipment 5.6 9.9 Right-of-use assets 20.0 9.3 Investment properties 1.3 \u2013 Other intangible assets 5.2 \u2013 Onerous contract charges 18.3 \u2013 Net foreign exchange gains \u2013 (6.3) Auditors\u2019 remuneration: Audit and audit-related services: Statutory audit of parent company and consolidated financial statements 1.1 0.8 Statutory audit of the Company\u2019s subsidiaries pursuant to legislation 0.2 0.2 1.3 1.0 Costs relating to the audit of the parent company are borne by ASOS.com Limited. The policy for the approval of non-audit fees is set out in the Audit Committee Report on pages 69 to 74. Costs related to non-audit services provided by the Group\u2019s auditors were \u00a30.3m (2022: \u00a31.4m).",
"dimensions": {
"concept": "ifrs-full:DisclosureOfProfitLossFromOperatingActivitiesExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-357": {
"value": "Auditors\u2019 remuneration: Audit and audit-related services: Statutory audit of parent company and consolidated financial statements 1.1 0.8 Statutory audit of the Company\u2019s subsidiaries pursuant to legislation 0.2 0.2 1.3 1.0 Costs relating to the audit of the parent company are borne by ASOS.com Limited. The policy for the approval of non-audit fees is set out in the Audit Committee Report on pages 69 to 74. Costs related to non-audit services provided by the Group\u2019s auditors were \u00a30.3m (2022: \u00a31.4m).",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-329": {
"value": "7 STAFF COSTS INCLUDING DIRECTORS\u2019 REMUNERATION The Group\u2019s costs for employees, including Directors, during the period were as follows: 1 September 2022 to 3 September 2023 \u00a3m Year to 31 August 2022 \u00a3m Wages and salaries 192.1 168.9 Social security costs 21.5 22.2 Pension costs 8.3 7.8 Share-based payments charge (Note 25) 6.4 0.8 Gross total 228.3 199.7 Less: staff costs capitalised in relation to capital projects (58.3) (51.0) 170.0 148.7 The Group\u2019s monthly average number of employees during the period was as follows: 1 September 2022 to 3 September 2023 Year to 31 August 2022 By activity: Fashion 1,120 1,215 Operations 1,249 1,219 Technology 983 825 3,352 3,259 Despite the increase in average employees since the 2022 financial year, there has been a reduction in employees during the period with 3,405 employees as at 31 August 2022 and 3,042 employees as at 3 September 2023 due to headcount reductions during the period. The Group contributes to the personal pension plans for enrolled employees under a defined contribution scheme. The costs of these contributions are charged to the consolidated income statement on an accruals basis as they become payable under the scheme rules. The aggregate compensation to key management personnel, being the Directors of ASOS Plc (executive and non-executive) and the members of the Management Committee was as follows: 1 September 2022 to 3 September 2023 \u00a3m Year to 31 August 2022 \u00a3m Short-term employee benefits 5.1 4.8 Post-employment benefits 0.3 0.2 Share-based payments charge/(credit) 0.9 (0.8) Joining costs and loss of office costs 0.5 \u2013 6.8 4.2 Components of the highest-paid Director\u2019s remuneration are detailed in the Directors\u2019 remuneration table on page 86. Directors\u2019 aggregate emoluments and pension payments are detailed in the Directors\u2019 Remuneration Report on pages 84 to 93, along with Directors\u2019 interests in issued shares and share options on page 89. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-398": {
"value": "8 FINANCE INCOME AND EXPENSES Accounting policy Finance income and costs are recognised in the consolidated income statement as it is earned on financial instruments measured at amortised cost, using the effective interest rate method. Finance costs directly attributable to the acquisition or construction of qualifying assets are capitalised. Qualifying assets are those that necessarily take a substantial period of time to prepare for their intended use, and for the Group relate to the automation projects within its fulfilment centres. All other finance expenses are recognised in the consolidated income statement in the period in which they occur. 1 September 2022 to 3 September 2023 \u00a3m Year ended 31 August 2022 \u00a3m Finance income 5.0 0.9 Interest on convertible bond and other borrowings (50.8) (19.5) IFRS 16 lease interest (5.6) (5.4) Provisions \u2013 unwind of discount (1.6) (0.2) Interest capitalised 4.8 2.1 Total finance expense (53.2) (23.0)",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-395": {
"value": "8 FINANCE INCOME AND EXPENSES Accounting policy Finance income and costs are recognised in the consolidated income statement as it is earned on financial instruments measured at amortised cost, using the effective interest rate method. Finance costs directly attributable to the acquisition or construction of qualifying assets are capitalised. Qualifying assets are those that necessarily take a substantial period of time to prepare for their intended use, and for the Group relate to the automation projects within its fulfilment centres. All other finance expenses are recognised in the consolidated income statement in the period in which they occur. 1 September 2022 to 3 September 2023 \u00a3m Year ended 31 August 2022 \u00a3m Finance income 5.0 0.9 Interest on convertible bond and other borrowings (50.8) (19.5) IFRS 16 lease interest (5.6) (5.4) Provisions \u2013 unwind of discount (1.6) (0.2) Interest capitalised 4.8 2.1 Total finance expense (53.2) (23.0)",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-392": {
"value": "8 FINANCE INCOME AND EXPENSES Accounting policy Finance income and costs are recognised in the consolidated income statement as it is earned on financial instruments measured at amortised cost, using the effective interest rate method. Finance costs directly attributable to the acquisition or construction of qualifying assets are capitalised. Qualifying assets are those that necessarily take a substantial period of time to prepare for their intended use, and for the Group relate to the automation projects within its fulfilment centres. All other finance expenses are recognised in the consolidated income statement in the period in which they occur. 1 September 2022 to 3 September 2023 \u00a3m Year ended 31 August 2022 \u00a3m Finance income 5.0 0.9 Interest on convertible bond and other borrowings (50.8) (19.5) IFRS 16 lease interest (5.6) (5.4) Provisions \u2013 unwind of discount (1.6) (0.2) Interest capitalised 4.8 2.1 Total finance expense (53.2) (23.0)",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-383": {
"value": "8 FINANCE INCOME AND EXPENSES Accounting policy Finance income and costs are recognised in the consolidated income statement as it is earned on financial instruments measured at amortised cost, using the effective interest rate method. Finance costs directly attributable to the acquisition or construction of qualifying assets are capitalised. Qualifying assets are those that necessarily take a substantial period of time to prepare for their intended use, and for the Group relate to the automation projects within its fulfilment centres. All other finance expenses are recognised in the consolidated income statement in the period in which they occur. 1 September 2022 to 3 September 2023 \u00a3m Year ended 31 August 2022 \u00a3m Finance income 5.0 0.9 Interest on convertible bond and other borrowings (50.8) (19.5) IFRS 16 lease interest (5.6) (5.4) Provisions \u2013 unwind of discount (1.6) (0.2) Interest capitalised 4.8 2.1 Total finance expense (53.2) (23.0)",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-358": {
"value": "8 FINANCE INCOME AND EXPENSES Accounting policy Finance income and costs are recognised in the consolidated income statement as it is earned on financial instruments measured at amortised cost, using the effective interest rate method. Finance costs directly attributable to the acquisition or construction of qualifying assets are capitalised. Qualifying assets are those that necessarily take a substantial period of time to prepare for their intended use, and for the Group relate to the automation projects within its fulfilment centres. All other finance expenses are recognised in the consolidated income statement in the period in which they occur. 1 September 2022 to 3 September 2023 \u00a3m Year ended 31 August 2022 \u00a3m Finance income 5.0 0.9 Interest on convertible bond and other borrowings (50.8) (19.5) IFRS 16 lease interest (5.6) (5.4) Provisions \u2013 unwind of discount (1.6) (0.2) Interest capitalised 4.8 2.1 Total finance expense (53.2) (23.0)",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-330": {
"value": "8 FINANCE INCOME AND EXPENSES Accounting policy Finance income and costs are recognised in the consolidated income statement as it is earned on financial instruments measured at amortised cost, using the effective interest rate method. Finance costs directly attributable to the acquisition or construction of qualifying assets are capitalised. Qualifying assets are those that necessarily take a substantial period of time to prepare for their intended use, and for the Group relate to the automation projects within its fulfilment centres. All other finance expenses are recognised in the consolidated income statement in the period in which they occur. 1 September 2022 to 3 September 2023 \u00a3m Year ended 31 August 2022 \u00a3m Finance income 5.0 0.9 Interest on convertible bond and other borrowings (50.8) (19.5) IFRS 16 lease interest (5.6) (5.4) Provisions \u2013 unwind of discount (1.6) (0.2) Interest capitalised 4.8 2.1 Total finance expense (53.2) (23.0)",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-401": {
"value": "Finance income and costs are recognised in the consolidated income statement as it is earned on financial instruments measured at amortised cost, using the effective interest rate method. Finance costs directly attributable to the acquisition or construction of qualifying assets are capitalised. Qualifying assets are those that necessarily take a substantial period of time to prepare for their intended use, and for the Group relate to the automation projects within its fulfilment centres. All other finance expenses are recognised in the consolidated income statement in the period in which they occur. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-400": {
"value": "Finance income and costs are recognised in the consolidated income statement as it is earned on financial instruments measured at amortised cost, using the effective interest rate method. Finance costs directly attributable to the acquisition or construction of qualifying assets are capitalised. Qualifying assets are those that necessarily take a substantial period of time to prepare for their intended use, and for the Group relate to the automation projects within its fulfilment centres. All other finance expenses are recognised in the consolidated income statement in the period in which they occur. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-399": {
"value": "Finance income and costs are recognised in the consolidated income statement as it is earned on financial instruments measured at amortised cost, using the effective interest rate method. Finance costs directly attributable to the acquisition or construction of qualifying assets are capitalised. Qualifying assets are those that necessarily take a substantial period of time to prepare for their intended use, and for the Group relate to the automation projects within its fulfilment centres. All other finance expenses are recognised in the consolidated income statement in the period in which they occur. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-331": {
"value": "9 TAXATION Accounting policy Current tax Current tax is the expected tax payable based on the taxable profit for the period, using tax laws that have been enacted or substantively enacted by the reporting date. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities. Current tax is charged or credited to the income statement, except when it relates to items charged to equity or other comprehensive income. Deferred tax Deferred tax is provided using the balance sheet liability method, providing for temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset realised based on the tax rates that have been enacted or substantively enacted by the balance sheet date. Deferred tax is charged or credited in the consolidated income statement, except when it relates to items charged or credited directly to the consolidated statement of changes in equity or the consolidated statement of comprehensive income/(loss), in which case the deferred tax is also recognised in equity, or other comprehensive income, respectively. Deferred tax liabilities are generally recognised for all taxable temporary differences, and deferred tax assets are recognised to the extent that it is probable that taxable profits will be available against which deductible temporary differences can be utilised. Such assets and liabilities are not recognised if the temporary difference arises from goodwill or from the initial recognition (other than in a business combination) of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Current and deferred tax assets and liabilities are offset where there is a legally enforceable right to offset current tax assets against current tax liabilities and when the deferred tax assets and liabilities relate to income taxes levied by the same taxation authority, in either the taxable entity or different taxable entities, and where there is an intention to settle the balances on a net basis. 1 September 2022 to 3 September 2023 \u00a3m Year to 31 August 2022 \u00a3m Current year UK tax \u2013 (11.8) Current year overseas tax 3.4 0.9 Adjustment in respect of prior year corporation tax (4.1) (3.0) Total current tax credit (0.7) (13.9) Origination and reversal of temporary differences (73.2) 11.2 Adjustment from changes in tax rates (0.1) 0.2 Adjustment in respect of prior years 0.4 1.4 Total deferred tax (credit)/charge (72.9) 12.8 Total income tax credit in income statement (73.6) (1.1) Analysed as: Tax on adjusted profit (17.4) 5.3 Tax on items excluded from adjusted profit (56.2) (6.4) Total income tax credit in income statement (73.6) (1.1) Effective tax rate 24.8% 3.4% Reconciliation of tax charge The effective tax rate of 24.8% (2022: 3.4%) is higher than (2022: lower than) the blended rate of corporation tax in the UK of 21.5% (2022: 19.0%). The blended UK corporation tax rate of 21.5% for the period reflects the increase in rate from 19% to 25% from 1 April 2023. The differences are explained below: 1 September 2022 to 3 September 2023 \u00a3m Year to 31 August 2022 \u00a3m Loss before tax (296.7) (31.9) Tax on loss at standard rate of UK corporation tax of 21.5% (2022: 19%) (63.8) (6.0) Effects of: Expenses not deductible for taxation purposes 3.9 2.8 Tax incentives (1.1) (1.7) Rate differences: overseas tax 0.5 0.3 UK tax rate differential (10.0) 2.4 Tax adjustments on share-based payments 0.6 2.7 Adjustment in respect of prior years (3.7) (1.6) Total tax credit in the income statement (73.6) (1.1) On 20 June 2023, Finance (No.2) Act 2023 was substantively enacted in the UK, introducing a global minimum effective tax rate of 15%. The legislation implements a domestic top-up tax and a multinational top-up tax, effective for accounting periods starting on or after 31 December 2023. The Group is currently assessing the impact, and has applied the exception under the IAS 12 amendment for recognising and disclosing information about deferred tax assets and liabilities related to top-up income taxes. Tax recognised in other comprehensive income 1 September 2022 to 3 September 2023 \u00a3m Year to 31 August 2022 \u00a3m Deferred tax charge on net translation movements offset in reserves \u2013 0.6 Deferred tax (credit)/charge on movement of derivative financial instruments (2.0) 3.3 (2.0) 3.9 Tax recognised in the statement of changes in equity 1 September 2022 to 3 September 2023 \u00a3m Year to 31 August 2022 \u00a3m Deferred tax (credit)/charge on movement in tax base of share options (0.2) 0.7 Deferred tax analysis The movements in deferred tax assets and liabilities during the financial period, prior to the offsetting of the balances within the same tax jurisdiction, are shown below: Accelerated capital allowances \u00a3m Share-based payments \u00a3m Derivatives and foreign exchange \u00a3m Losses \u00a3m Research and development expenditure credit \u00a3m Other \u00a3m Total \u00a3m As at 1 September 2021 (19.9) 2.5 (3.8) \u2013 (16.1) (4.0) (41.3) Charge to income statement (7.0) (2.8) \u2013 \u2013 (2.6) (0.4) (12.8) Charge to other comprehensive income \u2013 \u2013 (3.9) \u2013 \u2013 \u2013 (3.9) Charge to equity \u2013 (0.7) \u2013 \u2013 \u2013 \u2013 (0.7) Balance sheet credit for withheld tax \u2013 \u2013 \u2013 \u2013 0.5 \u2013 0.5 As at 31 August 2022 (26.9) (1.0) (7.7) \u2013 (18.2) (4.4) (58.2) (Charge)/credit to income statement (7.4) 0.6 \u2013 84.9 (2.6) (2.6) 72.9 Credit to other comprehensive income \u2013 \u2013 2.0 \u2013 \u2013 \u2013 2.0 Credit to equity \u2013 0.2 \u2013 \u2013 \u2013 \u2013 0.2 Balance sheet credit for withheld tax \u2013 \u2013 \u2013 \u2013 0.9 \u2013 0.9 As at 3 September 2023 (34.3) (0.2) (5.7) 84.9 (19.9) (7.0) 17.8 The other deferred tax liability comprises: As at 3 September 2023 \u00a3m As at 31 August 2022 \u00a3m Unpaid pension expenses 0.4 0.3 Capitalised borrowing costs (5.4) \u2013 Temporary differences arising on acquired customer relationships (4.1) (4.9) Temporary deductions arising on the amortisation of acquired brands (0.8) (0.5) Temporary differences arising as a result of IFRS 16 2.9 0.7 (7.0) (4.4) Deferred tax assets and liabilities have been offset where they are due to reverse in the same jurisdiction. The following is the analysis of the deferred tax balances (after offset): As at 3 September 2023 \u00a3m As at 31 August 2022 \u00a3m Deferred tax \u2013 US 2.9 0.7 Deferred tax \u2013 UK 14.9 (58.9) 17.8 (58.2) The deferred tax assets have increased significantly due to the losses recognised in the current period, which cannot be utilised in earlier years. To assess the recognition of this asset, Group forecasts, consistent with those used for the going concern, viability and impairment assessments, have been reviewed, and indicate that the Group will generate sufficient taxable profits to fully utilise its tax losses. The Group is expected to generate taxable income from FY25 onwards. The losses can be carried forward indefinitely and have no expiry date. Based on these forecasts, the recognition of deferred tax assets is not considered to be a significant judgement nor estimate, however the forecasting of cash flows relies on management assumptions for which further detail is included within Note 2.3.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-359": {
"value": "Current tax Current tax is the expected tax payable based on the taxable profit for the period, using tax laws that have been enacted or substantively enacted by the reporting date. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities. Current tax is charged or credited to the income statement, except when it relates to items charged to equity or other comprehensive income. Deferred tax Deferred tax is provided using the balance sheet liability method, providing for temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset realised based on the tax rates that have been enacted or substantively enacted by the balance sheet date. Deferred tax is charged or credited in the consolidated income statement, except when it relates to items charged or credited directly to the consolidated statement of changes in equity or the consolidated statement of comprehensive income/(loss), in which case the deferred tax is also recognised in equity, or other comprehensive income, respectively. Deferred tax liabilities are generally recognised for all taxable temporary differences, and deferred tax assets are recognised to the extent that it is probable that taxable profits will be available against which deductible temporary differences can be utilised. Such assets and liabilities are not recognised if the temporary difference arises from goodwill or from the initial recognition (other than in a business combination) of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Current and deferred tax assets and liabilities are offset where there is a legally enforceable right to offset current tax assets against current tax liabilities and when the deferred tax assets and liabilities relate to income taxes levied by the same taxation authority, in either the taxable entity or different taxable entities, and where there is an intention to settle the balances on a net basis. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-384": {
"value": "Deferred tax Deferred tax is provided using the balance sheet liability method, providing for temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset realised based on the tax rates that have been enacted or substantively enacted by the balance sheet date. Deferred tax is charged or credited in the consolidated income statement, except when it relates to items charged or credited directly to the consolidated statement of changes in equity or the consolidated statement of comprehensive income/(loss), in which case the deferred tax is also recognised in equity, or other comprehensive income, respectively. Deferred tax liabilities are generally recognised for all taxable temporary differences, and deferred tax assets are recognised to the extent that it is probable that taxable profits will be available against which deductible temporary differences can be utilised. Such assets and liabilities are not recognised if the temporary difference arises from goodwill or from the initial recognition (other than in a business combination) of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Current and deferred tax assets and liabilities are offset where there is a legally enforceable right to offset current tax assets against current tax liabilities and when the deferred tax assets and liabilities relate to income taxes levied by the same taxation authority, in either the taxable entity or different taxable entities, and where there is an intention to settle the balances on a net basis. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-360": {
"value": "Deferred tax analysis The movements in deferred tax assets and liabilities during the financial period, prior to the offsetting of the balances within the same tax jurisdiction, are shown below: Accelerated capital allowances \u00a3m Share-based payments \u00a3m Derivatives and foreign exchange \u00a3m Losses \u00a3m Research and development expenditure credit \u00a3m Other \u00a3m Total \u00a3m As at 1 September 2021 (19.9) 2.5 (3.8) \u2013 (16.1) (4.0) (41.3) Charge to income statement (7.0) (2.8) \u2013 \u2013 (2.6) (0.4) (12.8) Charge to other comprehensive income \u2013 \u2013 (3.9) \u2013 \u2013 \u2013 (3.9) Charge to equity \u2013 (0.7) \u2013 \u2013 \u2013 \u2013 (0.7) Balance sheet credit for withheld tax \u2013 \u2013 \u2013 \u2013 0.5 \u2013 0.5 As at 31 August 2022 (26.9) (1.0) (7.7) \u2013 (18.2) (4.4) (58.2) (Charge)/credit to income statement (7.4) 0.6 \u2013 84.9 (2.6) (2.6) 72.9 Credit to other comprehensive income \u2013 \u2013 2.0 \u2013 \u2013 \u2013 2.0 Credit to equity \u2013 0.2 \u2013 \u2013 \u2013 \u2013 0.2 Balance sheet credit for withheld tax \u2013 \u2013 \u2013 \u2013 0.9 \u2013 0.9 As at 3 September 2023 (34.3) (0.2) (5.7) 84.9 (19.9) (7.0) 17.8 The other deferred tax liability comprises: As at 3 September 2023 \u00a3m As at 31 August 2022 \u00a3m Unpaid pension expenses 0.4 0.3 Capitalised borrowing costs (5.4) \u2013 Temporary differences arising on acquired customer relationships (4.1) (4.9) Temporary deductions arising on the amortisation of acquired brands (0.8) (0.5) Temporary differences arising as a result of IFRS 16 2.9 0.7 (7.0) (4.4) Deferred tax assets and liabilities have been offset where they are due to reverse in the same jurisdiction. The following is the analysis of the deferred tax balances (after offset): As at 3 September 2023 \u00a3m As at 31 August 2022 \u00a3m Deferred tax \u2013 US 2.9 0.7 Deferred tax \u2013 UK 14.9 (58.9) 17.8 (58.2) The deferred tax assets have increased significantly due to the losses recognised in the current period, which cannot be utilised in earlier years. To assess the recognition of this asset, Group forecasts, consistent with those used for the going concern, viability and impairment assessments, have been reviewed, and indicate that the Group will generate sufficient taxable profits to fully utilise its tax losses. The Group is expected to generate taxable income from FY25 onwards. The losses can be carried forward indefinitely and have no expiry date. Based on these forecasts, the recognition of deferred tax assets is not considered to be a significant judgement nor estimate, however the forecasting of cash flows relies on management assumptions for which further detail is included within Note 2.3.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-332": {
"value": "10 EARNINGS PER SHARE Basic earnings per share is calculated by dividing the profit attributable to the owners of the parent company ASOS Plc by the weighted average number of ordinary shares in issue during the period. Own shares held by the Employee Benefit Trust and Link Trust are excluded from the weighted average number of ordinary shares. Diluted earnings per share is calculated by dividing the profit attributable to the owners of the parent company by the weighted average number of ordinary shares in issue during the period, excluding own shares held, adjusted for the effects of potentially dilutive ordinary shares. The dilutive impact is calculated as the weighted average of all potentially dilutive ordinary shares. These represent share options granted by the Group, including performance-based options, where the scheme to date performance is deemed to have been earned. It also includes the number of shares that would be issued if all convertible bonds are assumed to be converted unless the convertible instrument is out-of-the-money and not expected to convert. All operations are continuing for the periods presented. 1 September 2022 to 3 September 2023 Year to 31 August 2022 Weighted average share capital Weighted average shares in issue for basic earnings per share (no. of shares) 104,729,376 99,696,028 Weighted average effect of dilutive options (no. of shares)1 \u2013 \u2013 Weighted average effect of convertible bond (no. of shares)2 \u2013 \u2013 Weighted average shares in issue for diluted earnings per share (no. of shares) 104,729,376 99,696,028 Loss after tax for the financial period (\u00a3m) Loss attributable to owners of the parent company for basic earnings per share (223.1) (30.8) Interest expense on convertible bonds1 \u2013 \u2013 Diluted loss attributable to owners of the parent company for diluted loss per share (223.1) (30.8) Basic loss per share (pence per share) (213.0) (30.9) Diluted loss per share (pence per share) (213.0) (30.9) 1 Dilutive shares and interest not included where their effect is anti-dilutive 2 The impact of convertible bonds on the weighted average share capital has been excluded as it is not assumed they will be exercised",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-385": {
"value": "11 GOODWILL AND OTHER INTANGIBLE ASSETS Accounting policy Goodwill Goodwill represents the excess of the fair value of the consideration of an acquisition over the fair value of the Group\u2019s share of the net identifiable assets of the acquired subsidiary at the date of acquisition. Goodwill is considered to have an indefinite useful life. Goodwill is tested for impairment annually and again whenever indicators of impairment are detected and is carried at cost less any provision for impairment. Brands and customer relationships Acquired brands and customer relationships are initially recognised at fair value as part of a business combination. These are subsequently amortised based on their expected useful lives on a straight-line basis. Amortisation is included within administrative expenses in the consolidated income statement. These assets are assessed for impairment if there is a triggering event. Any impairment in value is charged to the consolidated income statement in the period in which it occurs. Acquired brands and customer relationships relate to brand names and wholesale customer relationships acquired from the Arcadia Group and are amortised over their expected useful lives of between 8 and 30 years. Computer software Capitalised software development costs are stated at historic cost less accumulated amortisation and impairment. Amortisation is calculated on a straight-line basis over the assets\u2019 expected economic lives of between 5 and 15 years and recognised within administrative expenses in the consolidated income statement. The cost of acquiring and developing software that is not integral to the related hardware is capitalised separately as an intangible asset. This does not include internal website development and maintenance costs, which are expensed as incurred unless representing a technological advance leading to future economic benefit. Capitalised software costs include external direct costs of material and services and the payroll and payroll-related costs for employees who are directly associated with the project. Software under development is held at cost less any recognised impairment loss. Cloud software agreements Software as a Service (SaaS) arrangements are service contracts providing the Group with the right to access a cloud provider\u2019s application software over the contract period. Typically such arrangements involve ongoing licence fees to obtain access to the cloud provider\u2019s application software, as well as upfront costs incurred to configure or customise the SaaS solution. Configuration and customisation costs are capitalised in the following instances as intangible assets: \u2013 The Group has both a contractual right to take possession of the software at any time without significant penalty, and the ability to run the software independently of the host vendor. \u2013 The costs incurred meet the definition of and recognition criteria for an intangible asset. This includes for example the development of software code that enhances or modifies, or creates additional capability to, existing systems controlled by the Group. Where these conditions are not met, costs incurred to configure or customise, and the ongoing fees to obtain access to the cloud provider\u2019s application software, are recognised as operating expenses when the services are received. Goodwill \u00a3m Brands \u00a3m Customer relationships \u00a3m Domain names \u00a3m Software \u00a3m Assets under construction \u00a3m Total \u00a3m Cost As at 1 September 2022 35.5 219.4 24.4 0.2 752.4 3.6 1,035.5 Additions \u2013 \u2013 \u2013 \u2013 109.4 17.1 126.5 Transfers \u2013 \u2013 \u2013 \u2013 1.7 (1.7) \u2013 As at 3 September 2023 35.5 219.4 24.4 0.2 863.5 19.0 1,162 .0 Accumulated amortisation and impairment As at 1 September 2022 0.3 12.0 4.7 \u2013 334.6 \u2013 351.6 Amortisation expense \u2013 7.8 3.1 \u2013 93.8 \u2013 104.7 Impairment charge for the period \u2013 \u2013 \u2013 \u2013 3.1 2 .1 5.2 As at 3 September 2023 0.3 19.8 7.8 \u2013 431.5 2.1 461.5 Net book value at 3 September 2023 35.2 199.6 16.6 0.2 432.0 16.9 700.5 Cost As at 1 September 2021 33.4 219.4 24.4 0.2 636.8 0.8 915.0 Additions 2.1 \u2013 \u2013 \u2013 114.6 3.8 120.5 Transfers \u2013 \u2013 \u2013 \u2013 1.0 (1.0) \u2013 As at 31 August 2022 35.5 219.4 24.4 0.2 752.4 3.6 1,035.5 Accumulated amortisation and impairment As at 1 September 2021 0.3 4.3 1.7 \u2013 256.5 \u2013 262.8 Amortisation expense \u2013 7.7 3.0 \u2013 78.1 \u2013 88.8 As at 31 August 2022 0.3 12.0 4.7 \u2013 334.6 \u2013 351.6 Net book value at 31 August 2022 35.2 2 07.4 19.7 0.2 417.8 3.6 683.9 Intangible assets under construction relates to spend on software-based projects, including the enhancement of the Group\u2019s mobile apps/ website, and other software. No individual projects are material in value.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-361": {
"value": "11 GOODWILL AND OTHER INTANGIBLE ASSETS Accounting policy Goodwill Goodwill represents the excess of the fair value of the consideration of an acquisition over the fair value of the Group\u2019s share of the net identifiable assets of the acquired subsidiary at the date of acquisition. Goodwill is considered to have an indefinite useful life. Goodwill is tested for impairment annually and again whenever indicators of impairment are detected and is carried at cost less any provision for impairment. Brands and customer relationships Acquired brands and customer relationships are initially recognised at fair value as part of a business combination. These are subsequently amortised based on their expected useful lives on a straight-line basis. Amortisation is included within administrative expenses in the consolidated income statement. These assets are assessed for impairment if there is a triggering event. Any impairment in value is charged to the consolidated income statement in the period in which it occurs. Acquired brands and customer relationships relate to brand names and wholesale customer relationships acquired from the Arcadia Group and are amortised over their expected useful lives of between 8 and 30 years. Computer software Capitalised software development costs are stated at historic cost less accumulated amortisation and impairment. Amortisation is calculated on a straight-line basis over the assets\u2019 expected economic lives of between 5 and 15 years and recognised within administrative expenses in the consolidated income statement. The cost of acquiring and developing software that is not integral to the related hardware is capitalised separately as an intangible asset. This does not include internal website development and maintenance costs, which are expensed as incurred unless representing a technological advance leading to future economic benefit. Capitalised software costs include external direct costs of material and services and the payroll and payroll-related costs for employees who are directly associated with the project. Software under development is held at cost less any recognised impairment loss. Cloud software agreements Software as a Service (SaaS) arrangements are service contracts providing the Group with the right to access a cloud provider\u2019s application software over the contract period. Typically such arrangements involve ongoing licence fees to obtain access to the cloud provider\u2019s application software, as well as upfront costs incurred to configure or customise the SaaS solution. Configuration and customisation costs are capitalised in the following instances as intangible assets: \u2013 The Group has both a contractual right to take possession of the software at any time without significant penalty, and the ability to run the software independently of the host vendor. \u2013 The costs incurred meet the definition of and recognition criteria for an intangible asset. This includes for example the development of software code that enhances or modifies, or creates additional capability to, existing systems controlled by the Group. Where these conditions are not met, costs incurred to configure or customise, and the ongoing fees to obtain access to the cloud provider\u2019s application software, are recognised as operating expenses when the services are received. Goodwill \u00a3m Brands \u00a3m Customer relationships \u00a3m Domain names \u00a3m Software \u00a3m Assets under construction \u00a3m Total \u00a3m Cost As at 1 September 2022 35.5 219.4 24.4 0.2 752.4 3.6 1,035.5 Additions \u2013 \u2013 \u2013 \u2013 109.4 17.1 126.5 Transfers \u2013 \u2013 \u2013 \u2013 1.7 (1.7) \u2013 As at 3 September 2023 35.5 219.4 24.4 0.2 863.5 19.0 1,162 .0 Accumulated amortisation and impairment As at 1 September 2022 0.3 12.0 4.7 \u2013 334.6 \u2013 351.6 Amortisation expense \u2013 7.8 3.1 \u2013 93.8 \u2013 104.7 Impairment charge for the period \u2013 \u2013 \u2013 \u2013 3.1 2 .1 5.2 As at 3 September 2023 0.3 19.8 7.8 \u2013 431.5 2.1 461.5 Net book value at 3 September 2023 35.2 199.6 16.6 0.2 432.0 16.9 700.5 Cost As at 1 September 2021 33.4 219.4 24.4 0.2 636.8 0.8 915.0 Additions 2.1 \u2013 \u2013 \u2013 114.6 3.8 120.5 Transfers \u2013 \u2013 \u2013 \u2013 1.0 (1.0) \u2013 As at 31 August 2022 35.5 219.4 24.4 0.2 752.4 3.6 1,035.5 Accumulated amortisation and impairment As at 1 September 2021 0.3 4.3 1.7 \u2013 256.5 \u2013 262.8 Amortisation expense \u2013 7.7 3.0 \u2013 78.1 \u2013 88.8 As at 31 August 2022 0.3 12.0 4.7 \u2013 334.6 \u2013 351.6 Net book value at 31 August 2022 35.2 2 07.4 19.7 0.2 417.8 3.6 683.9 Intangible assets under construction relates to spend on software-based projects, including the enhancement of the Group\u2019s mobile apps/ website, and other software. No individual projects are material in value.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-333": {
"value": "11 GOODWILL AND OTHER INTANGIBLE ASSETS Accounting policy Goodwill Goodwill represents the excess of the fair value of the consideration of an acquisition over the fair value of the Group\u2019s share of the net identifiable assets of the acquired subsidiary at the date of acquisition. Goodwill is considered to have an indefinite useful life. Goodwill is tested for impairment annually and again whenever indicators of impairment are detected and is carried at cost less any provision for impairment. Brands and customer relationships Acquired brands and customer relationships are initially recognised at fair value as part of a business combination. These are subsequently amortised based on their expected useful lives on a straight-line basis. Amortisation is included within administrative expenses in the consolidated income statement. These assets are assessed for impairment if there is a triggering event. Any impairment in value is charged to the consolidated income statement in the period in which it occurs. Acquired brands and customer relationships relate to brand names and wholesale customer relationships acquired from the Arcadia Group and are amortised over their expected useful lives of between 8 and 30 years. Computer software Capitalised software development costs are stated at historic cost less accumulated amortisation and impairment. Amortisation is calculated on a straight-line basis over the assets\u2019 expected economic lives of between 5 and 15 years and recognised within administrative expenses in the consolidated income statement. The cost of acquiring and developing software that is not integral to the related hardware is capitalised separately as an intangible asset. This does not include internal website development and maintenance costs, which are expensed as incurred unless representing a technological advance leading to future economic benefit. Capitalised software costs include external direct costs of material and services and the payroll and payroll-related costs for employees who are directly associated with the project. Software under development is held at cost less any recognised impairment loss. Cloud software agreements Software as a Service (SaaS) arrangements are service contracts providing the Group with the right to access a cloud provider\u2019s application software over the contract period. Typically such arrangements involve ongoing licence fees to obtain access to the cloud provider\u2019s application software, as well as upfront costs incurred to configure or customise the SaaS solution. Configuration and customisation costs are capitalised in the following instances as intangible assets: \u2013 The Group has both a contractual right to take possession of the software at any time without significant penalty, and the ability to run the software independently of the host vendor. \u2013 The costs incurred meet the definition of and recognition criteria for an intangible asset. This includes for example the development of software code that enhances or modifies, or creates additional capability to, existing systems controlled by the Group. Where these conditions are not met, costs incurred to configure or customise, and the ongoing fees to obtain access to the cloud provider\u2019s application software, are recognised as operating expenses when the services are received. Goodwill \u00a3m Brands \u00a3m Customer relationships \u00a3m Domain names \u00a3m Software \u00a3m Assets under construction \u00a3m Total \u00a3m Cost As at 1 September 2022 35.5 219.4 24.4 0.2 752.4 3.6 1,035.5 Additions \u2013 \u2013 \u2013 \u2013 109.4 17.1 126.5 Transfers \u2013 \u2013 \u2013 \u2013 1.7 (1.7) \u2013 As at 3 September 2023 35.5 219.4 24.4 0.2 863.5 19.0 1,162 .0 Accumulated amortisation and impairment As at 1 September 2022 0.3 12.0 4.7 \u2013 334.6 \u2013 351.6 Amortisation expense \u2013 7.8 3.1 \u2013 93.8 \u2013 104.7 Impairment charge for the period \u2013 \u2013 \u2013 \u2013 3.1 2 .1 5.2 As at 3 September 2023 0.3 19.8 7.8 \u2013 431.5 2.1 461.5 Net book value at 3 September 2023 35.2 199.6 16.6 0.2 432.0 16.9 700.5 Cost As at 1 September 2021 33.4 219.4 24.4 0.2 636.8 0.8 915.0 Additions 2.1 \u2013 \u2013 \u2013 114.6 3.8 120.5 Transfers \u2013 \u2013 \u2013 \u2013 1.0 (1.0) \u2013 As at 31 August 2022 35.5 219.4 24.4 0.2 752.4 3.6 1,035.5 Accumulated amortisation and impairment As at 1 September 2021 0.3 4.3 1.7 \u2013 256.5 \u2013 262.8 Amortisation expense \u2013 7.7 3.0 \u2013 78.1 \u2013 88.8 As at 31 August 2022 0.3 12.0 4.7 \u2013 334.6 \u2013 351.6 Net book value at 31 August 2022 35.2 2 07.4 19.7 0.2 417.8 3.6 683.9 Intangible assets under construction relates to spend on software-based projects, including the enhancement of the Group\u2019s mobile apps/ website, and other software. No individual projects are material in value.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-396": {
"value": "Goodwill Goodwill represents the excess of the fair value of the consideration of an acquisition over the fair value of the Group\u2019s share of the net identifiable assets of the acquired subsidiary at the date of acquisition. Goodwill is considered to have an indefinite useful life. Goodwill is tested for impairment annually and again whenever indicators of impairment are detected and is carried at cost less any provision for impairment. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-393": {
"value": "Goodwill Goodwill represents the excess of the fair value of the consideration of an acquisition over the fair value of the Group\u2019s share of the net identifiable assets of the acquired subsidiary at the date of acquisition. Goodwill is considered to have an indefinite useful life. Goodwill is tested for impairment annually and again whenever indicators of impairment are detected and is carried at cost less any provision for impairment. Brands and customer relationships Acquired brands and customer relationships are initially recognised at fair value as part of a business combination. These are subsequently amortised based on their expected useful lives on a straight-line basis. Amortisation is included within administrative expenses in the consolidated income statement. These assets are assessed for impairment if there is a triggering event. Any impairment in value is charged to the consolidated income statement in the period in which it occurs. Acquired brands and customer relationships relate to brand names and wholesale customer relationships acquired from the Arcadia Group and are amortised over their expected useful lives of between 8 and 30 years. Computer software Capitalised software development costs are stated at historic cost less accumulated amortisation and impairment. Amortisation is calculated on a straight-line basis over the assets\u2019 expected economic lives of between 5 and 15 years and recognised within administrative expenses in the consolidated income statement. The cost of acquiring and developing software that is not integral to the related hardware is capitalised separately as an intangible asset. This does not include internal website development and maintenance costs, which are expensed as incurred unless representing a technological advance leading to future economic benefit. Capitalised software costs include external direct costs of material and services and the payroll and payroll-related costs for employees who are directly associated with the project. Software under development is held at cost less any recognised impairment loss. Cloud software agreements Software as a Service (SaaS) arrangements are service contracts providing the Group with the right to access a cloud provider\u2019s application software over the contract period. Typically such arrangements involve ongoing licence fees to obtain access to the cloud provider\u2019s application software, as well as upfront costs incurred to configure or customise the SaaS solution. Configuration and customisation costs are capitalised in the following instances as intangible assets: \u2013 The Group has both a contractual right to take possession of the software at any time without significant penalty, and the ability to run the software independently of the host vendor. \u2013 The costs incurred meet the definition of and recognition criteria for an intangible asset. This includes for example the development of software code that enhances or modifies, or creates additional capability to, existing systems controlled by the Group. Where these conditions are not met, costs incurred to configure or customise, and the ongoing fees to obtain access to the cloud provider\u2019s application software, are recognised as operating expenses when the services are received. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-397": {
"value": "Brands and customer relationships Acquired brands and customer relationships are initially recognised at fair value as part of a business combination. These are subsequently amortised based on their expected useful lives on a straight-line basis. Amortisation is included within administrative expenses in the consolidated income statement. These assets are assessed for impairment if there is a triggering event. Any impairment in value is charged to the consolidated income statement in the period in which it occurs. Acquired brands and customer relationships relate to brand names and wholesale customer relationships acquired from the Arcadia Group and are amortised over their expected useful lives of between 8 and 30 years. Computer software Capitalised software development costs are stated at historic cost less accumulated amortisation and impairment. Amortisation is calculated on a straight-line basis over the assets\u2019 expected economic lives of between 5 and 15 years and recognised within administrative expenses in the consolidated income statement. The cost of acquiring and developing software that is not integral to the related hardware is capitalised separately as an intangible asset. This does not include internal website development and maintenance costs, which are expensed as incurred unless representing a technological advance leading to future economic benefit. Capitalised software costs include external direct costs of material and services and the payroll and payroll-related costs for employees who are directly associated with the project. Software under development is held at cost less any recognised impairment loss. Cloud software agreements Software as a Service (SaaS) arrangements are service contracts providing the Group with the right to access a cloud provider\u2019s application software over the contract period. Typically such arrangements involve ongoing licence fees to obtain access to the cloud provider\u2019s application software, as well as upfront costs incurred to configure or customise the SaaS solution. Configuration and customisation costs are capitalised in the following instances as intangible assets: \u2013 The Group has both a contractual right to take possession of the software at any time without significant penalty, and the ability to run the software independently of the host vendor. \u2013 The costs incurred meet the definition of and recognition criteria for an intangible asset. This includes for example the development of software code that enhances or modifies, or creates additional capability to, existing systems controlled by the Group. Where these conditions are not met, costs incurred to configure or customise, and the ongoing fees to obtain access to the cloud provider\u2019s application software, are recognised as operating expenses when the services are received. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-334": {
"value": "12 PROPERTY, PLANT AND EQUIPMENT Accounting policy Property, plant and equipment is stated at historical cost less accumulated depreciation and any recognised provision for impairment. Capital work in progress is held at cost less any recognised provision for impairment. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for intended use. Property, plant and equipment is depreciated on a straight-line basis to its residual value over its anticipated economic useful life of: Fixtures, fittings, plant and machinery: 5 to 15 years Computer hardware: 3 to 5 years Fixtures, fittings, plant and machinery \u00a3m Computer hardware \u00a3m Assets under construction \u00a3m Total \u00a3m Cost As at 1 September 2022 408.5 41.1 65.4 515.0 Additions 1.1 0.6 46.2 47.9 Transfers 1.1 1.3 (2.4) \u2013 As at 3 September 2023 410.7 43.0 109.2 562.9 Accumulated depreciation and impairment As at 1 September 2022 134.8 26.0 2.5 163.3 Charge for the period 25.4 6.0 \u2013 31.4 Impairment charge for the period 5.2 0.1 0.3 5.6 As at 3 September 2023 165.4 32.1 2.8 200.3 Net book value at 3 September 2023 245.3 10.9 106.4 362.6 Cost As at 1 September 2021 386.2 34.4 16.1 436.7 Additions 21.5 6.7 5 0.1 78.3 Transfers 0.8 \u2013 (0.8) \u2013 As at 31 August 2022 408.5 41.1 65.4 515.0 Accumulated depreciation and impairment As at 1 September 2021 101.9 20.8 \u2013 122.7 Charge for the year 25.5 5.2 \u2013 30.7 Impairment charge for the year 7.4 \u2013 2.5 9.9 As at 31 August 2022 134.8 26.0 2.5 163.3 Net book value at 31 August 2022 273.7 15.1 62.9 351.7 Significant assets under construction as at 3 September 2023 consisted primarily of amounts spent to automate the Atlanta fulfilment centre totalling \u00a358.0m (2022: \u00a341.5m) and the Lichfield fulfilment centre \u00a346.8m (2022: \u00a316.2m). Interest capitalised As at 3 September 2023 \u00a3m As at 31 August 2022 \u00a3m Included within additions 4.8 2.2 Accumulated capitalised interest (net of disposals) included within cost 7.0 2.2 Accumulated capitalised interest (net of disposals) held within net book value 7.0 2.2 Capitalisation rate 5.3% 3.4% Climate change The assets\u2019 residual values and useful lives are reviewed, and adjusted if appropriate, at the end of each reporting period. This includes consideration over climate change-related risks which may impact the useful lives of the Group\u2019s assets, such as the impact of flood risks on fulfilment centres. During the year, no changes were made to the remaining useful lives of the Group\u2019s assets as a result of climate change risks. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-386": {
"value": "Property, plant and equipment is stated at historical cost less accumulated depreciation and any recognised provision for impairment. Capital work in progress is held at cost less any recognised provision for impairment. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for intended use. Property, plant and equipment is depreciated on a straight-line basis to its residual value over its anticipated economic useful life of: Fixtures, fittings, plant and machinery: 5 to 15 years Computer hardware: 3 to 5 years ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-362": {
"value": "Property, plant and equipment is stated at historical cost less accumulated depreciation and any recognised provision for impairment. Capital work in progress is held at cost less any recognised provision for impairment. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for intended use. Property, plant and equipment is depreciated on a straight-line basis to its residual value over its anticipated economic useful life of: Fixtures, fittings, plant and machinery: 5 to 15 years Computer hardware: 3 to 5 years ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-335": {
"value": "13 LEASES The Group currently holds leases for its fulfilment centres and office space. Leases typically run for terms of between 7 and 25 years and may include break clauses or options to renew beyond the non-cancellable period. The majority of the Group\u2019s leases are subject to market review, usually every 5 to 6 years. Accounting policy Right-of-use assets Right-of-use assets are recognised at the commencement date of the lease, when the underlying asset is available for use. The cost of right-of- use assets comprises the amount of lease liabilities recognised, any initial direct costs incurred, lease payments made at or before the commencement date and less any lease incentives received. Right-of-use assets are subsequently measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any subsequent remeasurement of lease liabilities. The recognised right-of-use assets are depreciated on a straight-line basis over the shorter of the estimated useful life and the lease term. Lease liabilities Lease liabilities are recognised at the commencement date of the lease and are measured at the present value of lease payments to be made over the lease term, discounted using the incremental borrowing rate (IBR) at the lease commencement date if the interest rate implicit in the lease is not readily determinable. The lease payments include fixed payments and variable lease payments that depend on an index or a rate (using the relevant rate at the commencement date of the lease), less any lease incentives receivable. Any variable lease payments that do not depend on an index or a rate are recognised as an expense in the period in which the event or condition that triggers the payment occurs, however the Group currently has no such variable lease payments. Contracts may contain both lease and non-lease components, in which case the Group allocates the consideration in the contract to the different components based on their relative stand-alone prices. The Group determines the lease term as the non-cancellable term of the lease, together with any periods covered by an option to extend the lease if it is reasonably certain to be exercised, or any periods covered by an option to terminate the lease (a break clause), if it is reasonably certain not to be exercised. After the commencement date of the lease, the lease liability is subsequently measured at amortised cost using the effective interest rate method. The carrying amount of lease liabilities is remeasured when there is a change in the future lease payments due to a change in the lease term such as a recognition of an extension or break option, a change in the fixed lease payments or a change in the assessment to purchase the underlying asset. Short-term leases and low value assets Payments associated with short-term leases and leases of a low value are recognised on a straight-line basis as an expense in the profit or loss, in line with the practical expedient of IFRS 16. Short-term leases are leases with a term of 12 months or less. Low-value leases mainly comprise IT equipment. Right-of-use assets Set out below are the carrying amounts of right-of-use assets recognised and the movements during the period. Right-of-use assets comprise entirely leases for land and buildings. 1 September 2022 to 3 September 2023 \u00a3m Year to 31 August 2022 \u00a3m At the beginning of the period 380.3 345.2 Modifications (9.6) 69.2 Impairment charge (20.0) (9.3) Depreciation charge (35.9) (30.3) Transfers to investment property (12.8) \u2013 Foreign exchange differences (6.8) 5.5 At the end of the period 295.2 380.3 The Group presents additions to right-of-use assets in line with the disclosure requirements of IFRS 16 \u2018Leases\u2019. In doing so, modifications above includes the impact of lease terminations, modifications and reassessments, and changes to dilapidation estimates. Right-of-use assets totalling \u00a312.8m were transferred to investment property during the year and relate to sites the Group sublets, or that are currently vacant with the intention of subletting. Lease liabilities Set out below are the carrying amounts of lease liabilities and the movements during the period: 1 September 2022 to 3 September 2023 \u00a3m Year to 31 August 2022 \u00a3m At the beginning of the period 380.1 328.9 Modifications (21.1) 71.3 Payments (28.0) (31.7) Interest expense 5.6 5.4 Foreign exchange differences (7.6) 6.2 At the end of the period 329.0 38 0.1 Current 25.3 24.3 Non-current 303.7 355.8 Total 329.0 38 0.1 Maturity analysis for lease liabilities As at 3 September 2023 \u00a3m As at 31 August 2022 \u00a3m Contractual undiscounted cash flows Within one year 30.5 32.0 Within two to five years 126.2 130.3 Within five to ten years 133.5 152.5 Within ten to fifteen years 52.0 88.2 In more than fifteen years 18.5 26.3 360.7 429.3 Future finance charge on lease liabilities (31.7) (49.2) Present value of future leases 329.0 38 0.1 Critical accounting judgement \u2013 lease terms The inclusion of a lease extension period or lease break period in the lease term is a key judgement for the Group and considers all relevant factors that create an economic incentive for it to exercise them. For leased properties, this includes the current and expected profitability of the respective site, as well as the length of time until the option can be exercised. Any changes to the Group\u2019s judgement over lease terms will impact both the right-of-use asset and lease liability. Set out below are the undiscounted future rental payments not currently included within the reported lease liability for where lease extensions have not been included. The value for where lease breaks have been assumed is nil. As at 3 September 2023 \u00a3m As at 31 August 2022 \u00a3m Extension options expected not to be exercised 129.2 98.4 Following the commercial model update announced in October 2022, a review of the Group\u2019s leased warehousing estate was conducted, and it was concluded that it could no longer be seen as reasonably certain that the extension options on one of the Group\u2019s leased sites would be exercised. The lease term has been reassessed from 15 to 5 years with a commensurate decrease in the right-of-use asset and lease liability of \u00a322.5 million. Amounts recognised in the consolidated income statement 1 September 2022 to 3 September 2023 \u00a3m Year to 31 August 2022 \u00a3m Depreciation charge for right-of-use assets and investment property (excluding impairment) (36.4) (30.3) Interest expense on lease liabilities (5.6) (5.4) Expense relating to short-term leases (2.3) (0.5) Expense relating to leases of low value assets that are not shown above as short-term leases (0.4) (0.4) Impairment charge for right-of-use assets (20.0) (9.3) Sub-let income relating to leases under IFRS 16 1.4 0.9 Total amounts recognised in income statement (63.3) (45.0) Total cash outflow for leases comprising interest and capital payments (28.0) (31.7) Group as lessor Lessor accounting The Group sublets leased properties relating to unused office capacity. Where the Group subleases assets, the sublease classification (as a finance lease or operating lease) is assessed with reference to the head lease right-of-use asset. This assessment considers, among other factors, whether the sublease represents the majority of the remaining life of the head lease. All subleases have been assessed to be operating leases, and the related assets reclassified to investment properties. Investment property assets are carried at cost less accumulated depreciation and any recognised impairment in value. The depreciation policies for investment property are consistent with those described for right-of-use assets. Operating lease income is recognised as earned on a straight-line basis over the lease term. An analysis of investment properties is included below: 1 September 2022 to 3 September 2023 \u00a3m Year to 31 August 2022 \u00a3m Net book value Opening balance \u2013 \u2013 Transfers to investment property 12.8 \u2013 Modifications (0.1) \u2013 Impairment charge (1.3) \u2013 Depreciation charge (0.5) \u2013 Closing balance 10.9 \u2013 The direct operating expenses arising from investment property in the period was immaterial. There are additionally no restrictions or relevant contractual obligations involved in the sublet of these properties. The estimated fair value of the Group\u2019s investment property is \u00a312.5m. This fair value has been determined by applying an appropriate rental yield to the rentals earned by the investment property. A valuation has not been performed by an independent valuer. Rental income is receivable as follows: As at 3 September 2023 \u00a3m As at 31 August 2022 \u00a3m Minimum lease payments receivable on leases of investment properties are as follows: Within one year 1.2 0.1 Within two to five years 4.5 5.3 Within five to ten years 6.1 6.6 In more than ten years \u2013 \u2013",
"dimensions": {
"concept": "ifrs-full:DisclosureOfLeasesExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-363": {
"value": "Right-of-use assets Right-of-use assets are recognised at the commencement date of the lease, when the underlying asset is available for use. The cost of right-of- use assets comprises the amount of lease liabilities recognised, any initial direct costs incurred, lease payments made at or before the commencement date and less any lease incentives received. Right-of-use assets are subsequently measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any subsequent remeasurement of lease liabilities. The recognised right-of-use assets are depreciated on a straight-line basis over the shorter of the estimated useful life and the lease term. Lease liabilities Lease liabilities are recognised at the commencement date of the lease and are measured at the present value of lease payments to be made over the lease term, discounted using the incremental borrowing rate (IBR) at the lease commencement date if the interest rate implicit in the lease is not readily determinable. The lease payments include fixed payments and variable lease payments that depend on an index or a rate (using the relevant rate at the commencement date of the lease), less any lease incentives receivable. Any variable lease payments that do not depend on an index or a rate are recognised as an expense in the period in which the event or condition that triggers the payment occurs, however the Group currently has no such variable lease payments. Contracts may contain both lease and non-lease components, in which case the Group allocates the consideration in the contract to the different components based on their relative stand-alone prices. The Group determines the lease term as the non-cancellable term of the lease, together with any periods covered by an option to extend the lease if it is reasonably certain to be exercised, or any periods covered by an option to terminate the lease (a break clause), if it is reasonably certain not to be exercised. After the commencement date of the lease, the lease liability is subsequently measured at amortised cost using the effective interest rate method. The carrying amount of lease liabilities is remeasured when there is a change in the future lease payments due to a change in the lease term such as a recognition of an extension or break option, a change in the fixed lease payments or a change in the assessment to purchase the underlying asset. Short-term leases and low value assets Payments associated with short-term leases and leases of a low value are recognised on a straight-line basis as an expense in the profit or loss, in line with the practical expedient of IFRS 16. Short-term leases are leases with a term of 12 months or less. Low-value leases mainly comprise IT equipment. Set out below are the carrying amounts of right-of-use assets recognised and the movements during the period. Right-of-use assets comprise entirely leases for land and buildings. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-336": {
"value": "14 IMPAIRMENT OF NON-FINANCIAL ASSETS Goodwill Goodwill is not amortised but is reviewed for impairment at least annually (or more frequently where there is an indication that the asset may be impaired) by assessing the recoverable amount of each cash-generating unit (CGU), or group of cash generating units, to which the goodwill relates. Impairment is assessed by measuring the recoverable amount of the CGU, calculated as the higher of fair value less cost to dispose and value-in-use. Where the carrying value of the CGU exceeds the recoverable amount an impairment loss is recognised in the income statement. The impairment charge is allocated first against goodwill and then pro rata over other assets within the CGU by reference to the carrying amount of each remaining asset in the unit. Impairment losses recognised for goodwill are not subsequently reversed. Goodwill at ASOS predominantly relates to that recognised as part of the acquisition of Topshop, and is monitored on an entity wide basis at the reporting segment level as a singular CGU, the ASOS Group CGU. Other non-financial assets Property, plant and equipment (PPE), right-of-use assets, and finite-lived intangible assets are assessed on an ongoing basis to determine whether there is an indication that the net book value is no longer supportable. If any such indication exists, the recoverable amount of the asset, being the higher of its fair value less costs to dispose and its value-in-use, is estimated in order to determine the extent of the impairment loss. Where the asset does not generate cash flows that are independent from other assets, the Group estimates the recoverable amount of the CGU to which the asset belongs. If the recoverable amount of an asset or CGU is estimated to be less than its carrying amount, the carrying amount of the asset or CGU is reduced to its recoverable amount and an impairment loss is recognised immediately in the income statement. Where an impairment loss on other non-financial assets subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of the recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined if no impairment loss had been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately as a credit to the consolidated income statement. Cash generating units Cash generating units are deemed the smallest group of assets that independently generate cash inflows and are independent of the cash flows generated by other assets. It was determined that the Group only has one CGU (the Group level), on the basis that the majority of assets within the Group are shared (i.e. software assets that support the entire Group), therefore unable to be allocated on a reasonable or consistent basis in any other way. Composition of CGU For impairment testing purposes, the CGU comprises the following: As at 3 September 2023 \u00a3m Goodwill and other intangible assets 700.5 Property, plant and equipment 362.6 Right-of-use assets 295.2 1,358.3 Identification of impairment indicator Given the reported loss recognised during the period, combined with the volatility within the macro-economic environment and the market capitalisation of the Group being below the Group\u2019s net assets, an indicator of impairment was deemed to exist during the financial period. Approach and assumptions The recoverable amount for the CGU has been determined using a value-in-use calculation which is based upon the cash flows expected to be generated, derived from the latest budget and forecast data which are reviewed by the Board, and consistent with those used for the Group\u2019s going concern and viability assessments. Budget and forecast data reflects both past experience and future expectations of market conditions. The key assumptions in measuring the value-in-use are as follows: Assumption Details Cash flow years/assumptions \u2022 Derived from medium term forecasts reviewed by the Board which cover a period of five years, then extrapolated to perpetuity with an assumed growth rate of 2% (2022: 1.5%) \u2022 Whilst the value-in-use excludes lease rentals (a financing cash flow under IFRS 16 \u2018Leases\u2019) an estimated cash outflow for future lease renewals is assumed from the current lease end dates Discount rate \u2022 A post tax discount rate representing the Group\u2019s weighted average cost of capital (WACC), subsequently grossed up to a pre-tax rate using an iterative calculation that yields the same value in use when tax cash flows are excluded. \u2022 The post-tax WACC has been calculated using the capital asset pricing model, the inputs of which include a long-term risk-free rate based on government bond rates, an equity risk premium and levered debt premium benchmarked to externally available data, and an average beta derived from a comparator group. \u2022 The resulting discount rates are: 2023 2022 Post-tax rate Pre-tax rate Post-tax rate Pre-tax rate 13.0% 15.6% 10.4% 12.7% Outputs Outside of specific impairments recognised during the period in relation to sites identified for exit, or other strategic initiatives as part of the Group\u2019s Driving Change agenda (refer to Note 3), no further impairments were identified as a result of the impairment review described above. Key source of estimation uncertainty \u2013 assumptions in relation to impairment assessment Of the above assumptions, the value-in-use calculations are most sensitive to changes in the discount rate, the long-term growth rate and forecast cash flows (comprising revenue, gross margin and fixed overheads). As noted above, cash flows are derived from forecasts reviewed by the Board, and in line with those used for the going concern and viability assessments. Sales growth rates utilised for the first year of the plan reflect year-on-year declines of (5)% to (15)%, with subsequent periods thereafter returning to double digit year-on-year growth. The plan also assumes modest year-on-year improvements in adjusted gross margin during FY24, with up to c300bps growth vs FY23 over the remaining years. The following table shows the amount by which the assumptions would have to change to make the recoverable amount equal to the carrying value to show the headroom sensitivity. It is not considered that a reasonable possible change in fixed overheads would cause an impairment, therefore it is not included below. Sensitivity Discount rate (post-tax) increase of: 2.6% Long term growth rate decrease of: (3.6)% A reduction in forecast annual growth rates of: (1.8)% A reduction in forecast gross margin in each year of: (1.2)% The reduction in forecast annual growth rates above equates to a reduction in forecast revenue in each year of (6.9)%. Climate change As detailed within the Group\u2019s TCFD report on page 19, updated quantified scenario analysis in relation to climate still needs to be performed due to the Group being in the final stages of developing and embedding its new commercial model, which will impact the Group\u2019s supply chain and the inputs needed when calculating appropriate metrics. In addition the Group is also updating its FWI Strategy and completing a review of its associated metrics and targets, including plans for the Group\u2019s Be Net Zero pillar. As a result, the cash flows used for impairment testing have not been adjusted for climate risks. Sensitivities, however, are provided showing the impacts of changes in revenue and gross margin. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-337": {
"value": "15 INVENTORIES Accounting policy Inventories comprise goods held for resale and are valued at the lower of cost and net realisable value using the weighted average cost basis. Cost comprises the purchase price and any other directly attributable costs incurred in bringing the inventories to the present location and condition, less trade discounts and rebates. Net realisable value is the estimated selling price in the ordinary course of business less variable selling expenses. As at 3 September 2023 \u00a3m As at 31 August 2022 \u00a3m Gross finished goods 892.4 1,10 9.7 Inventory provision (124.4) (31.3) Net inventory recognised on consolidated balance sheet 768.0 1,078.4 The carrying value of inventory shown in the Balance Sheet includes a \u00a352.1m (2022: \u00a369.7m) right to recover asset in relation to the inventory expected to be received back from customers as returns. The amount of inventories recognised as an expense and charged to cost of sales for the period was \u00a32,104.6m (2022: \u00a32,219.0m). The prior year has been updated to include foreign exchange gains and losses in relation to inventory purchases. Key source of estimation uncertainty \u2013 inventory provisions Following the approval and implementation of the new commercial model during the financial period, additional provisions were recognised to write down inventory that has been identified to be sold via offsite clearance to reshape the Group\u2019s inventory portfolio and facilitate the Group\u2019s transition to the new model. The provisions wrote inventory down to its net realisable value, being expected income less any related selling costs. The increase year-on-year is largely due to these provisions. Further information is included within Note 3. In addition to these specific provisions, the Group\u2019s approach to inventory provisioning is to hold a net realisable value provision for inventory based on forecast expected loss rates as well as consideration of current and forecast economic conditions. The Group\u2019s methodology to calculate inventory provisions has been updated this period to also now include provisions for inventory which is expected to be sold via offsite channels. The provisions are calculated using estimates of loss rates and website sell through rates, both of which are calculated based on historical data from the prior 12 months\u2019 sales when categorising the stock by price status and age banding. Provisions recognised are net of any expected proceeds to be received. The provisions are therefore most sensitive to the following assumptions: \u2022 Forecast loss rates \u2022 Forecast sell through rates \u2022 Sales price assumptions The movement in the Group\u2019s provisions based on reasonable possible changes to the above assumptions are as follows: Sensitivity (Decrease)/ increase in provision \u00a3m Using loss rates from FY22 (6.6) A change in the anticipated sell through rates of +/- 5% (5.4) / 7.1 A change in the anticipated sales price of +/- 10% (0.7) / 0.7 Inventory provisions are adjusted at each reporting period rather than throughout the period to ensure inventory is not carried at an amount greater than net realisable value. Write-downs and write-backs of inventory balances are therefore represented by net movements in the inventory provision, which, excluding inventory provisions recognised as part of the commercial model transition, totalled a cost of \u00a319.3m this period (2022 \u00a39.1m credit). Provisions/write-downs recognised during the financial period as part of the transition to the new commercial model totalled \u00a3122.7m, and are part of the \u00a3133.2m total costs excluded from adjusted profit \u2013 refer to Note 3. There have been no reversals of the commercial model transition provisions during the year. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-364": {
"value": "Inventories comprise goods held for resale and are valued at the lower of cost and net realisable value using the weighted average cost basis. Cost comprises the purchase price and any other directly attributable costs incurred in bringing the inventories to the present location and condition, less trade discounts and rebates. Net realisable value is the estimated selling price in the ordinary course of business less variable selling expenses. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-338": {
"value": "16 TRADE AND OTHER RECEIVABLES Accounting policy Trade receivables are non-interest bearing and are stated at invoice value less an allowance for expected credit losses, using the simplified approach under IFRS 9, with adjustments for factors specific to each receivable. As at 3 September 2023 \u00a3m As at 31 August 2022 \u00a3m Trade receivables 28.4 40.8 Other receivables 27.7 14.9 Provision for doubtful debts (0.4) (0.1) Trade and other receivables net of provision for doubtful debts 55.7 55.6 Prepayments 12.9 15.3 Accrued income 12.8 17.3 81.4 88.2 The other receivables balance includes \u00a3nil of UK VAT receivables (2022: \u00a39.5m). Included within accrued income and other receivables are amounts relating to supplier income totalling \u00a33.3m (2022: \u00a33.4m). Accrued income predominantly comprises contract assets for which expected credit losses are \u00a30.6m (2022: \u00a3nil). Expected credit losses The Group\u2019s exposure to credit risk is minimal given that the customer base is large and unrelated and that the overwhelming majority of customer transactions are settled through cash or secure electronic means. New parties wishing to obtain credit terms with the Group are credit checked prior to invoices being raised and credit limits are determined on an individual basis. As at 3 September 2023 \u00a3m Not due 0 \u2013 30 days past due 30 \u2013 60 days past due 60 \u2013 90 days past due 90 \u2013 180 days past due Over 180 days past due Total Trade receivables 6.2 3.6 9.9 3.1 4.2 1.4 28.4 Other receivables 5.0 7.4 2.8 6.9 1.0 4.6 27.7 Gross carrying amount 11.2 11.0 12.7 10.0 5.2 6.0 56.1 Allowance for expected credit losses \u2013 \u2013 \u2013 \u2013 (0.1) (0.3) (0.4) Net carrying amount 11.2 11.0 12.7 10.0 5.1 5.7 55.7 As at 31 August 2022 \u00a3m Not due 0 \u2013 30 days past due 30 \u2013 60 days past due 60 \u2013 90 days past due 90 \u2013 180 days past due Over 180 days past due Total Trade receivables 0.1 19.8 8.8 6.2 2.6 3.3 40.8 Other receivables 10.4 5.0 (0.2) (2.2) 0.8 1.1 14.9 Gross carrying amount 10.5 24.8 8.6 4.0 3.4 4.4 55.7 Allowance for expected credit losses \u2013 \u2013 \u2013 \u2013 \u2013 (0.1) (0.1) Net carrying amount 10.5 24.8 8.6 4.0 3.4 4.3 55.6 Major counterparties The Group has nil (2022: nil) major counterparties with receivables totalling \u00a3nil (2022: \u00a3nil).",
"dimensions": {
"concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-365": {
"value": "Trade receivables are non-interest bearing and are stated at invoice value less an allowance for expected credit losses, using the simplified approach under IFRS 9, with adjustments for factors specific to each receivable. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-339": {
"value": "17 CASH AND CASH EQUIVALENTS Accounting policies To be classified as cash and cash equivalents, an asset must: \u2014 Be readily convertible into cash; \u2014 Have an insignificant risk of changes in value; and \u2014 Have a maturity period of typically three months or less at acquisition. The Group presents its cash flow statement using the indirect method, whereby profit is reconciled to net cash from operating activities by adjusting profit and loss for non-cash items. The Group has chosen to present interest received as well as dividends received as cash flows from investing activities because they are returns on the Group\u2019s investments. Interest paid on borrowings and leases is presented within cash flows from financing activities as they are held for cash management purposes, as are cash payments for the principal element of lease liabilities. As at 3 September 2023 \u00a3m As at 31 August 2022 \u00a3m Cash in hand and bank balances 85.6 137.5 Money market fund investments 142.7 145.5 Deposits at financial institutions 125.0 40.0 Closing cash and cash equivalents 353.3 323.0 Cash and cash equivalents includes uncleared payment provider receipts of \u00a363.3m, which are typically due within 3 business days (2022: \u00a351.2m). Included within cash and cash equivalents is \u00a34.1m (2022: \u00a30.8m) of cash collected on behalf of partners of the Direct to Consumer fulfilment proposition \u2018Partner Fulfils\u2019. ASOS Payments UK Limited and the Group are entitled to interest amounts earned on the deposits and amounts are held in a segregated bank account that is settled on a monthly basis.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-366": {
"value": "To be classified as cash and cash equivalents, an asset must: \u2014 Be readily convertible into cash; \u2014 Have an insignificant risk of changes in value; and \u2014 Have a maturity period of typically three months or less at acquisition. The Group presents its cash flow statement using the indirect method, whereby profit is reconciled to net cash from operating activities by adjusting profit and loss for non-cash items. The Group has chosen to present interest received as well as dividends received as cash flows from investing activities because they are returns on the Group\u2019s investments. Interest paid on borrowings and leases is presented within cash flows from financing activities as they are held for cash management purposes, as are cash payments for the principal element of lease liabilities. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-340": {
"value": "18 TRADE AND OTHER PAYABLES Accounting policy Trade and other payables are non-interest bearing and are recognised initially at fair value and subsequently measured at amortised cost using the effective interest rate method. As at 3 September 2023 \u00a3m As at 31 August 2022 \u00a3m Trade payables 71.3 94.0 Other payables 174.7 255.6 Accruals 238.7 401.8 Returns provision 108.2 147.2 Deferred revenue 52.1 54.4 Taxation and social security 35.4 40.3 680.4 993.3 Trade and other payables have been presented in more detail than previously in order to provide more useful information to users of the financial statements. In doing so, the allocation between some categories has changed. Prior periods have been represented where relevant. The reduction in total trade and other payables is predominantly as a result of lower intake receipts and operating costs in the second half of the year as the Group transitions to its new commercial operating model. Deferred revenue Contract liabilities represent consideration received for performance obligations not yet satisfied, and relate to gift card liabilities where the majority of the liability (c. 90%) is expected to be settled within a year, customer orders not yet shipped and unearned premier subscription income. Gift cards As at 3 September 2023 \u00a3m As at 31 August 2022 \u00a3m At the beginning of the period 25.1 29.3 Purchases 130.5 144.3 Released to the income statement (134.3) (148.5) At the end of the period 21.3 25.1 Orders awaiting shipment and premier subscriptions 30.8 29.3 Total deferred revenue 52.1 54.4",
"dimensions": {
"concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-367": {
"value": "Trade and other payables are non-interest bearing and are recognised initially at fair value and subsequently measured at amortised cost using the effective interest rate method. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-387": {
"value": "Deferred revenue Contract liabilities represent consideration received for performance obligations not yet satisfied, and relate to gift card liabilities where the majority of the liability (c. 90%) is expected to be settled within a year, customer orders not yet shipped and unearned premier subscription income. Gift cards As at 3 September 2023 \u00a3m As at 31 August 2022 \u00a3m At the beginning of the period 25.1 29.3 Purchases 130.5 144.3 Released to the income statement (134.3) (148.5) At the end of the period 21.3 25.1 Orders awaiting shipment and premier subscriptions 30.8 29.3 Total deferred revenue 52.1 54.4",
"dimensions": {
"concept": "ifrs-full:DisclosureOfDeferredIncomeExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-341": {
"value": "19 BORROWINGS Accounting policies Convertible debt Convertible bonds are classified as compound instruments, consisting of a liability and an equity component. At the date of issue, the fair value of the liability component is estimated using the prevailing market interest rate for similar non-convertible debt, and is subsequently recorded at amortised cost using the effective interest method until extinguished on conversion or maturity of the bonds, and is recognised within borrowings. The difference between the proceeds of issue of the convertible bond and the fair value assigned to the liability component, representing the embedded option to convert the liability into equity of the Group, is included in equity as a separate category. Issue costs are apportioned between the liability and equity components of the convertible bonds where appropriate based on their relative carrying values at the date of issue. The portion relating to the equity component is charged directly against equity. Other loans/borrowings Interest-bearing bank loans and overdrafts are initially recorded at fair value, net of attributable transaction costs, and subsequently recorded at amortised cost using the effective interest method until extinguished. Arrangement costs for loan facilities (such as the Group\u2019s revolving credit facility) are capitalised and amortised over the life of the facility at a constant rate. As at 3 September 2023 \u00a3m As at 31 August 2022 \u00a3m Convertible bond 464.4 451.0 Term Loan 184.8 \u2013 Nordstrom Loan 20.4 22.0 Put option liability 3.2 2.9 672.8 475.9 Current 1.5 1.4 Non-current 671.3 474.5 672.8 475.9 Convertible bonds
On 16 April 2021 the Group issued \u00a3500m of convertible bonds. The unsecured instruments pay a coupon of 0.75% until April 2026, or the
conversion date, if earlier. The initial conversion price was set at \u00a379.65 per share. The fair value of the debt component was determined using the
market interest rate for an equivalent non-convertible bond, deemed to be 3.4%. As a result, \u00a3440.1m was recognised as a liability in the balance
sheet on issue and the remainder of the proceeds, \u00a359.9m, which represents the equity component, was credited to reserves. Issue costs of
\u00a39.0m were allocated between equity (\u00a31.0m) and debt (\u00a38.0m).
Term loan
In May 2023, the Group entered into a \u00a3200m senior term loan and a \u00a375m super senior revolving facility (the \u201cNew RCF\u201d) (together the \u201cNew
Facilities\u201d) with specialist lender Bantry Bay Capital Limited through to April 2026, with the optionality to further extend to May 2028 subject to
meeting lender requirements. The New Facilities have replaced the previous \u00a3350m revolving credit facility (the \u201cOld RCF\u201d) which was due to
expire in November 2024 following the amendment and extension announced alongside the Company\u2019s interim results on 10 May 2023. Fees
totalling \u00a321.7m were incurred, of which \u00a315.8m was applied to the term loan, with the remainder relating to the New RCF and capitalised within
prepayments.
Both the senior term loan and New RCF (when drawn) bear interest at a margin above SONIA. The New RCF incurs commitment fees at a
market rate.
The New Facilities are subject only to a minimum liquidity covenant defined as cash and cash equivalents plus amounts undrawn under the New
RCF. The New Facilities carry a fixed and floating charge over all assets of the following chargors in the Group \u2013 ASOS Plc, ASOS.com Limited,
ASOS Intermediate Holdings Limited, Mornington & Co (No. 1) Limited and Mornington & Co (No. 2) Limited.
Nordstrom Loan
On 12 July 2021 the Group announced a strategic partnership with Nordstrom, a US-based multi-channel retailer, to drive growth in North
America. As part of this venture, Nordstrom purchased a minority interest in ASOS Holdings Limited which holds the Topshop, Topman, Miss
Selfridge and HIIT brands in exchange for \u00a310 as well as providing a \u00a321.9m loan. The loan attracts interest at a market rate of 6.5% per annum.
The resulting liability is \u00a320.4m as at 3 September 2023 (2022: \u00a322.0m), this is following a partial repayment of the loan totalling \u00a31.7m (2022: \u00a3nil)
being made in the period. As part of this agreement a written put option was provided to Nordstrom over their shares in ASOS Holdings Limited,
valued at \u00a33.2m as at 3 September 2023.
Refinancing fees included in cash flow
Refinancing fees included in the cash flow statement total \u00a330.8m, and are reconciled to their location in the financial statements as follows:
Income statement Balance sheet
Administrative
expenses Finance costs Borrowings Prepayments
Fee description
Cash
\u00a3m
Outside
adjusted profit
\u00a3m
Outside
adjusted profit
\u00a3m
Within
adjusted profit
\u00a3m \u00a3m \u00a3m
Fees incurred in relation to covenant
waiver exercise in October 2022
7.1 1.7 4.0 1.4 \u2013 \u2013
Extension fees incurred in May 2023
for old RCF
2.0 \u2013 2.0 \u2013 \u2013 \u2013
Refinancing fees for New Facilities 21.7 \u2013 \u2013 \u2013 15.8 5.9
Total
30.8 1.7 6.0 1.4 15.8 5.9
Other non-cash (write-off of previously
capitalised fees)
\u2013 \u2013 0.4 \u2013 \u2013 \u2013
Total
30.8 1.7 6.4 1.4 15.8 5.9
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-368": {
"value": "Convertible debt Convertible bonds are classified as compound instruments, consisting of a liability and an equity component. At the date of issue, the fair value of the liability component is estimated using the prevailing market interest rate for similar non-convertible debt, and is subsequently recorded at amortised cost using the effective interest method until extinguished on conversion or maturity of the bonds, and is recognised within borrowings. The difference between the proceeds of issue of the convertible bond and the fair value assigned to the liability component, representing the embedded option to convert the liability into equity of the Group, is included in equity as a separate category. Issue costs are apportioned between the liability and equity components of the convertible bonds where appropriate based on their relative carrying values at the date of issue. The portion relating to the equity component is charged directly against equity. Other loans/borrowings Interest-bearing bank loans and overdrafts are initially recorded at fair value, net of attributable transaction costs, and subsequently recorded at amortised cost using the effective interest method until extinguished. Arrangement costs for loan facilities (such as the Group\u2019s revolving credit facility) are capitalised and amortised over the life of the facility at a constant rate. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-342": {
"value": "20 PROVISIONS Accounting policy Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense. Provisions for onerous contracts are recognised when the Group believes that the unavoidable costs of meeting or exiting the contract exceed the economic benefits expected to be received under the contract. Dilapidations \u00a3m Onerous occupancy \u00a3m Total \u00a3m As at 1 September 2022 41.9 \u2013 41.9 Recognised 11.2 18.3 29.5 Utilised \u2013 (1.8) (1.8) Unwinding of discount 1.3 0.3 1.6 Exchange differences (1.0) \u2013 (1.0) As at 3 September 2023 53.4 16.8 70.2 Current \u2013 2.0 2.0 Non-current 53.4 14.8 68.2 As at 3 September 2023 53.4 16.8 70.2 As at 1 September 2021 43.2 \u2013 43.2 Recognised 10.8 \u2013 10.8 Effects of movements in discount rates (13.2) \u2013 (13.2) Unwinding of discount 0.2 \u2013 0.2 Exchange differences 0.9 \u2013 0.9 As at 31 August 2022 41.9 \u2013 41.9 Current \u2013 \u2013 \u2013 Non-current 41.9 \u2013 41.9 As at 31 August 2022 41.9 \u2013 41.9 Dilapidation provisions Dilapidations are recognised where there is a present obligation to repair and restore leased properties to their preoccupancy state at the end of the lease term. They are measured at the present value of the expenditures expected to be required to settle the obligation, calculated using a nominal pre-tax annual discount rate, based on government bond yields of an appropriate tenure within the country that the lease is held. No adjustments are made to the discount rate for inflation as inflationary increases are already included in the undiscounted cash flows. Similarly, risk is also considered when determining the cash flows, therefore no adjustments are made to the discount rate for risk. The discount rates used range from 2.7% to 4.7% (2022: 1.7% to 3.5%). The increase in the provision due to the passage of time is recognised as interest expense and the additional amounts recognised arise as a result of re-estimation of the forecasted costs. The timing of forecast cash outflows is linked to the underlying lease expiry dates, with the next most significant outflow anticipated to occur in 2028. Whilst there is inherent uncertainty in terms of the quantum of cash outflows expected, they represent management\u2019s best estimates for individual properties, with reference to previous experience and size of leased property. It is not considered that there is a significant risk of material adjustment to the carrying amounts of dilapidation provisions due to such estimates, and therefore they are not disclosed as a significant source of estimation uncertainty to the Group. Onerous occupancy provisions Where the Group no longer operates from a leased property, onerous property contract provisions are recognised for the least net cost of exiting from the contract. The amounts provided are based on the Group\u2019s best estimates of the likely committed outflows and site closure dates. These provisions do not include rent in accordance with IFRS 16, however do include unavoidable costs related to the lease such as service charges and insurance. Cash flows are discounted to present value using a nominal pre-tax annual discount rate, based on government bond yields of an appropriate tenure within the country that the lease is held. No adjustments are made to the discount rate for inflation as inflationary increases are already included in the undiscounted cash flows. As the cash flows are known due to being contractual, the discount rate is not adjusted for risk. The discount rates for onerous occupancy provisions are 4.3% to 4.4%. Where the Group is able to exit lease contracts before the expiry date or agree sublets, this results in the release of any associated property provisions. Such events are subject to the agreement of landlords, therefore the Group makes no assumptions on the ability to either exit or sublet a property until a position is agreed. Utilisation of the above amounts is expected to be incurred in conjunction with the profile of the leases to which they relate. Refer to Note 3 for more detail on the amount recognised in the period. Whilst all provisions are sensitive to the discount rate used, given they are derived from government bond yields, it is not considered that there is a significant risk of a reasonable possible change in management\u2019s estimate resulting in a material movement in the provisions.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-369": {
"value": "Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense. Provisions for onerous contracts are recognised when the Group believes that the unavoidable costs of meeting or exiting the contract exceed the economic benefits expected to be received under the contract. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-370": {
"value": "21 SHARE CAPITAL, SHARE PREMIUM AND OTHER RESERVES Accounting policy Ordinary shares are classified as equity instruments. Incremental costs directly attributable to the issue of new ordinary shares are shown in equity as a deduction, net of tax, from the proceeds. As at 3 September 2023 Number of ordinary shares As at 31 August 2022 Number of ordinary shares As at 3 September 2023 \u00a3m As at 31 August 2022 \u00a3m Called up share capital Allotted, issued and fully paid ordinary shares of 3.5p 119,236,850 99,940,235 4.2 3.5 Share premium account Share premium 322.6 245.7 The movements in the called up share capital and share premium are as follows: Number of ordinary shares Share capital \u00a3m Share premium \u00a3m As at 1 September 2022 99,940,235 3.5 245.7 Allotted in respect of share option schemes 202,814 \u2013 \u2013 New shares issued 19,093,801 0.7 76.9 As at 3 September 2023 119,236,850 4.2 322.6 As at 1 September 2021 99,837,096 3.5 245.7 Allotted in respect of share option schemes 103,139 \u2013 \u2013 As at 31 August 2022 99,940,235 3.5 245.7 In May 2023, the Group completed a placing of new ordinary shares, raising gross proceeds of \u00a375.0m in support of its Driving Change agenda. A total of 17,938,292 new ordinary shares were placed at an issue price of 418.1 pence per share. At the same time, the Group completed a retail offer of 1,155,509 new ordinary shares at an issue price of 418.1 pence per share, raising gross proceeds of \u00a34.8m. Share issue fees totalling \u00a32.2m were incurred. Other reserves The table below sets out the movements in other reserves: Cash flow hedge reserve \u00a3m Currency translation reserve \u00a3m Convertible bond reserve \u00a3m Other reserves \u00a3m As at 1 September 2022 26.2 (2.7) 58.9 82.4 Net translation movements \u2013 (0.3) \u2013 (0.3) Net fair value gains/(losses) on cash flow hedges (29.6) \u2013 \u2013 (29.6) Fair value movements reclassified from cash flow hedge reserve to consolidated income statement 1.7 \u2013 \u2013 1.7 Tax on above items 2.0 \u2013 \u2013 2.0 Cash flow hedges gains and losses transferred to non-financial assets 16.9 \u2013 \u2013 16.9 Balance as at 3 September 2023 17.2 (3.0) 58.9 73.1 As at 1 September 2021 14.3 (2.4) 58.9 70.8 Net translation movements \u2013 0.3 \u2013 0.3 Net fair value gains/(losses) on cash flow hedges 25.3 \u2013 \u2013 25.3 Fair value movements reclassified from cash flow hedge reserve to consolidated income statement (15.6) \u2013 \u2013 (15.6) Tax on above items (3.3) (0.6) \u2013 (3.9) Cash flow hedges gains and losses transferred to non-financial assets 5.5 \u2013 \u2013 5.5 Balance as at 31 August 2022 26.2 (2.7) 58.9 82.4 Currency translation reserve The currency translation reserve accumulates foreign exchange differences arising on the translation of net assets in foreign operations which are recognised in Other Comprehensive Income. The cumulative amount is reclassified to retained earnings when the related investment is disposed. Cash flow hedge reserve The cash flow hedge reserve represents the effective portion of gains or losses on derivatives designated and that qualify as cash flow hedges. Amounts are transferred to the balance sheet and included within the initial cost of the asset in which is being hedged, or to the income statement, as appropriate. Convertible bond reserve The convertible bond reserve represents the equity component of the \u00a3500m convertible bond issued in April 2021. Employee Benefit Trust The provision of shares to satisfy some of the Group\u2019s share incentive plans is facilitated by purchases of own shares by the Group\u2019s Employee Benefit Trust and Link Trust (the Trusts). Investment in own shares are recorded at cost, net of directly attributable costs for the purchase of issued, or issuance of new shares, and recognised within equity (within retained earnings). The costs of operating the Trusts are borne by the Group and are not material. As at 3 September 2023 As at 31 August 2022 Market value \u00a3m Nominal value \u00a3m Number of ordinary shares Market value \u00a3m Nominal value \u00a3m Number of ordinary shares Investment in own shares 1.0 \u2013 228,814 1.6 \u2013 22 9,182",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-343": {
"value": "21 SHARE CAPITAL, SHARE PREMIUM AND OTHER RESERVES Accounting policy Ordinary shares are classified as equity instruments. Incremental costs directly attributable to the issue of new ordinary shares are shown in equity as a deduction, net of tax, from the proceeds. As at 3 September 2023 Number of ordinary shares As at 31 August 2022 Number of ordinary shares As at 3 September 2023 \u00a3m As at 31 August 2022 \u00a3m Called up share capital Allotted, issued and fully paid ordinary shares of 3.5p 119,236,850 99,940,235 4.2 3.5 Share premium account Share premium 322.6 245.7 The movements in the called up share capital and share premium are as follows: Number of ordinary shares Share capital \u00a3m Share premium \u00a3m As at 1 September 2022 99,940,235 3.5 245.7 Allotted in respect of share option schemes 202,814 \u2013 \u2013 New shares issued 19,093,801 0.7 76.9 As at 3 September 2023 119,236,850 4.2 322.6 As at 1 September 2021 99,837,096 3.5 245.7 Allotted in respect of share option schemes 103,139 \u2013 \u2013 As at 31 August 2022 99,940,235 3.5 245.7 In May 2023, the Group completed a placing of new ordinary shares, raising gross proceeds of \u00a375.0m in support of its Driving Change agenda. A total of 17,938,292 new ordinary shares were placed at an issue price of 418.1 pence per share. At the same time, the Group completed a retail offer of 1,155,509 new ordinary shares at an issue price of 418.1 pence per share, raising gross proceeds of \u00a34.8m. Share issue fees totalling \u00a32.2m were incurred. Other reserves The table below sets out the movements in other reserves: Cash flow hedge reserve \u00a3m Currency translation reserve \u00a3m Convertible bond reserve \u00a3m Other reserves \u00a3m As at 1 September 2022 26.2 (2.7) 58.9 82.4 Net translation movements \u2013 (0.3) \u2013 (0.3) Net fair value gains/(losses) on cash flow hedges (29.6) \u2013 \u2013 (29.6) Fair value movements reclassified from cash flow hedge reserve to consolidated income statement 1.7 \u2013 \u2013 1.7 Tax on above items 2.0 \u2013 \u2013 2.0 Cash flow hedges gains and losses transferred to non-financial assets 16.9 \u2013 \u2013 16.9 Balance as at 3 September 2023 17.2 (3.0) 58.9 73.1 As at 1 September 2021 14.3 (2.4) 58.9 70.8 Net translation movements \u2013 0.3 \u2013 0.3 Net fair value gains/(losses) on cash flow hedges 25.3 \u2013 \u2013 25.3 Fair value movements reclassified from cash flow hedge reserve to consolidated income statement (15.6) \u2013 \u2013 (15.6) Tax on above items (3.3) (0.6) \u2013 (3.9) Cash flow hedges gains and losses transferred to non-financial assets 5.5 \u2013 \u2013 5.5 Balance as at 31 August 2022 26.2 (2.7) 58.9 82.4 Currency translation reserve The currency translation reserve accumulates foreign exchange differences arising on the translation of net assets in foreign operations which are recognised in Other Comprehensive Income. The cumulative amount is reclassified to retained earnings when the related investment is disposed. Cash flow hedge reserve The cash flow hedge reserve represents the effective portion of gains or losses on derivatives designated and that qualify as cash flow hedges. Amounts are transferred to the balance sheet and included within the initial cost of the asset in which is being hedged, or to the income statement, as appropriate. Convertible bond reserve The convertible bond reserve represents the equity component of the \u00a3500m convertible bond issued in April 2021. Employee Benefit Trust The provision of shares to satisfy some of the Group\u2019s share incentive plans is facilitated by purchases of own shares by the Group\u2019s Employee Benefit Trust and Link Trust (the Trusts). Investment in own shares are recorded at cost, net of directly attributable costs for the purchase of issued, or issuance of new shares, and recognised within equity (within retained earnings). The costs of operating the Trusts are borne by the Group and are not material. As at 3 September 2023 As at 31 August 2022 Market value \u00a3m Nominal value \u00a3m Number of ordinary shares Market value \u00a3m Nominal value \u00a3m Number of ordinary shares Investment in own shares 1.0 \u2013 228,814 1.6 \u2013 22 9,182",
"dimensions": {
"concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-388": {
"value": "Ordinary shares are classified as equity instruments. Incremental costs directly attributable to the issue of new ordinary shares are shown in equity as a deduction, net of tax, from the proceeds. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-344": {
"value": "22 FINANCIAL RISK MANAGEMENT The Group\u2019s Treasury function seeks to reduce exposures to capital risk, liquidity risk, credit risk, interest rate risk and foreign currency risk, to ensure liquidity is available to meet foreseeable needs and to invest cash assets safely and profitably. The Group does not engage in speculative trading in financial instruments and transacts only in relation to underlying business requirements. The Group\u2019s treasury policies and procedures are reviewed annually and approved by the Audit Committee. Capital risk The Group\u2019s objectives when managing capital are to safeguard the Group\u2019s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders through an appropriate balance of debt and equity funding, while maintaining a strong credit rating and sufficient headroom. There have been no changes to capital risk management policies during the period. Refer to Note 27 for the value of the Group\u2019s net debt and the consolidated statement of changes in equity for the value of the Group\u2019s equity. The Board can manage the Group\u2019s capital structure by diversifying the debt portfolio, issuing new shares or repurchasing shares in the open market and flexing capital expenditure. From time to time, the Employee Benefit Trust may purchase shares in the Company from the open market for the purpose of satisfying awards under the Group\u2019s employee share plans however the Group does not currently operate a defined share buy-back plan. The Revolving Credit Facility and Term Loan have a single repeating financial covenant as detailed in Note 2.3. Part of the Group\u2019s capital risk management is to ensure compliance with the financial covenant included within the Group\u2019s borrowing facilities. There were no breaches of financial covenants in the financial period. Liquidity risk Liquidity risk is the risk that the Group may be unable to meet its financial obligations as they fall due. The Group manages its exposure to liquidity risk by continuously monitoring short and long-term forecasts and actual cash flows and ensuring it has the necessary banking and reserve borrowing facilities available to meet the requirements of the business. At 3 September 2023, the Group had a revolving credit facility of \u00a375m that is available until April 2026, of which \u00a3nil was drawn down at the period end. In addition, a term loan of \u00a3200m was fully drawn at the period end. Borrowings under the revolving credit facility and term loan bear interest at a rate linked to SONIA. Commitment interest is payable on the daily undrawn balance of the RCF. Further details are included within Note 19. In April 2021 the Group issued convertible bonds to fund future growth totalling \u00a3500m. The unsecured instruments pay a coupon of 0.75% until April 2026, or the conversion date, if earlier. Surplus cash is invested on deposit with relationship banks and money market funds to balance return on cash balances with business liquidity requirements and counterparty risk. The table below analyses the Group\u2019s financial liabilities into relevant maturity groupings based on the remaining period to the contractual maturity date. The amounts disclosed in the tables are the contractual undiscounted cash flows or an estimate of cash flows in respect of floating interest rate liabilities. As at 3 September 2023 Less than 1 year \u00a3m 1 to 2 years \u00a3m 2 to 5 years \u00a3m Over 5 years \u00a3m Term loan 31.1 31.1 218.1 \u2013 Convertible bond 3.8 3.8 503.8 \u2013 Nordstrom loan 1.3 1.3 4.0 20.3 Obligation to repurchase own shares \u2013 \u2013 \u2013 4.9 Trade and other payables1 578.5 \u2013 \u2013 \u2013 Derivatives \u2013 gross settled Cash inflows 1,023.1 107.8 \u2013 \u2013 Cash outflows (1,008.7) (102.5) \u2013 \u2013 As at 31 August 2022 Less than 1 year \u00a3m 1 to 2 years \u00a3m 2 to 5 years \u00a3m Over 5 years \u00a3m Convertible bond 3.8 3.8 503.8 \u2013 Nordstrom loan 1.4 1.4 4.3 21.9 Obligation to repurchase own shares \u2013 \u2013 \u2013 4.9 Trade and other payables1 880.9 \u2013 \u2013 \u2013 Derivatives \u2013 gross settled Cash inflows 1,141.9 502.7 134.2 \u2013 Cash outflows (1,116.6) (480.4) (126.4) \u2013 1 Excludes deferred revenue and any amounts in relation to taxation. The maturities of lease liabilities are disclosed separately in Note 13. Credit risk Credit risk is the risk that a counterparty may default on its obligation to the Group in relation to lending, hedging, settlement and other financial activities. The Group\u2019s principal financial assets are trade and other receivables, financial derivatives, and cash and cash equivalents. The Group\u2019s credit risk is primarily attributable to its trade and other receivables and financial counterparties. The amounts included in the consolidated balance sheet are net of allowances for doubtful receivables. The Group has a low retail credit risk due to transactions being principally of high volume, low value and short maturity. The Group\u2019s trade receivables are primarily with large advertising companies, with which the Group has long-standing relationships, and wholesale suppliers, and the risk of default and write-offs due to bad debts is considered to be low. The Group has no significant concentration of credit risk, as exposure is spread over a large number of counterparties and customers. The credit risk on liquid funds is considered to be low, as the Board-approved Group Treasury Policy limits the value that can be placed with each approved counterparty to minimise the risk of loss. The Group considers its maximum exposure to credit risk to be as follows: As at 3 September 2023 \u00a3m As at 31 August 2022 \u00a3m Trade and other receivables 68.5 63.4 Cash and cash equivalents 353.3 323.0 Derivative financial assets 26.5 68.4 Total 448.3 454.8 Trade and other receivables above exclude prepayments and VAT receivables. Interest rate risk Interest rate risk is the risk of increased costs arising from unexpected movements in interest rates impacting the Group\u2019s borrowing portfolio. Interest on financial instruments is classified as fixed rate if interest resets on the instruments are less frequent than once every 12 months. Interest on financial instruments is classified as floating rate if interest resets on the instruments occur every 12 months or more frequently. The Group is exposed to cash flow interest rate risk on its revolving credit facility to the extent that this is utilised, and \u00a3200m term loan. The Group\u2019s outstanding convertible bond pays a fixed coupon. The mix of the Group\u2019s financial assets and liabilities at the balance sheet date was as follows: As at 3 September 2023 As at 31 August 2022 Fixed \u00a3m Floating \u00a3m Total \u00a3m Fixed \u00a3m Floating \u00a3m Total \u00a3m Cash and cash equivalents \u2013 353.3 353.3 \u2013 323.0 323.0 Borrowings (488.0) (184.8) (672.8) (475.9) \u2013 (475.9) Total (488.0) 168.5 (319.5) (475.9) 323.0 (152.9) The Group considers that a 100 basis point movement in interest rates is a reasonable measure of volatility. The sensitivity of floating rate balances to a change of 100 basis points in the interest rate (or such lesser amount as would result in a zero rate of interest) at the balance sheet date is shown below: As at 3 September 2023 Impact on pre-tax profit \u00a3m As at 31 August 2022 Impact on pre-tax profit \u00a3m Change in floating rate +/-100bps 0.6/(0.6) 4.0/(4.0) Foreign currency risk The Group operates internationally and is therefore exposed to foreign currency transaction risk, primarily on sales denominated in Euros, US dollars and Australian dollars as well as on US dollar denominated purchases. The Group\u2019s presentational currency is pound sterling, therefore the Group is also exposed to foreign currency translation risks due to movements in foreign exchange rates on the translation of non-sterling assets and liabilities. The primary use of forward exchange and option contracts for sales and inventory purchases per the Group\u2019s hedging policy is to layer hedges over an 18-month period, with up to 100% coverage of the net unmatched exposure for the first six months preceding the forecast cash flows, and coverage decreasing from a maximum of 94% to 26% between months 7 and 18. These forward foreign exchange contracts are classified as Level 2 derivative financial instruments under IFRS 13, \u2018Fair Value Measurement\u2019. The following table illustrates the hypothetical sensitivity of the Group\u2019s reported profit before tax and other comprehensive income to a 10% increase and decrease in the value of each of these currencies relative to pounds sterling at the reporting date, assuming all other variables remain unchanged. The sensitivity rate of 10% is deemed to represent a reasonably possible change based on historic exchange rate volatility. The following assumptions were made in calculating the sensitivity analysis: \u2022 Exchange rate fluctuations on currency derivatives that form part of an effective cash flow hedge relationship affect the cash flow hedge reserve in equity and the fair value of the hedging derivatives, with no impact on the consolidated income statement \u2022 All hedge relationships are fully effective Positive figures represent an increase in profit before tax or in other comprehensive income. Profit before tax Other comprehensive income 2023 \u00a3m 2022 \u00a3m 2023 \u00a3m 2022 \u00a3m Sterling strengthens by 10% against: US dollar 1.2 (0.3) 5.8 4.8 Euro 18.6 17.6 (0.1) 0.2 Australian dollar (0.3) (0.2) (0.5) 1.3 Sterling weakens by 10% against: US dollar (1.4) 0.3 (7.1) (4.8) Euro (22.8) (17.6) 0.2 (0.2) Australian dollar 0.3 0.2 0.7 (1.3) The above sensitivities are calculated with reference to a single moment in time and are subject to change due to a number of factors including fluctuating trade payable, cash balances and changes in the currency mix. In addition, each of the sensitivities is calculated in isolation while, in reality, foreign currencies do not move independently. The sensitivity calculation has been refined during the year with prior year sensitivities updated as appropriate.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-371": {
"value": "Capital risk The Group\u2019s objectives when managing capital are to safeguard the Group\u2019s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders through an appropriate balance of debt and equity funding, while maintaining a strong credit rating and sufficient headroom. There have been no changes to capital risk management policies during the period. Refer to Note 27 for the value of the Group\u2019s net debt and the consolidated statement of changes in equity for the value of the Group\u2019s equity. The Board can manage the Group\u2019s capital structure by diversifying the debt portfolio, issuing new shares or repurchasing shares in the open market and flexing capital expenditure. From time to time, the Employee Benefit Trust may purchase shares in the Company from the open market for the purpose of satisfying awards under the Group\u2019s employee share plans however the Group does not currently operate a defined share buy-back plan. The Revolving Credit Facility and Term Loan have a single repeating financial covenant as detailed in Note 2.3. Part of the Group\u2019s capital risk management is to ensure compliance with the financial covenant included within the Group\u2019s borrowing facilities. There were no breaches of financial covenants in the financial period. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-372": {
"value": "Liquidity risk Liquidity risk is the risk that the Group may be unable to meet its financial obligations as they fall due. The Group manages its exposure to liquidity risk by continuously monitoring short and long-term forecasts and actual cash flows and ensuring it has the necessary banking and reserve borrowing facilities available to meet the requirements of the business. At 3 September 2023, the Group had a revolving credit facility of \u00a375m that is available until April 2026, of which \u00a3nil was drawn down at the period end. In addition, a term loan of \u00a3200m was fully drawn at the period end. Borrowings under the revolving credit facility and term loan bear interest at a rate linked to SONIA. Commitment interest is payable on the daily undrawn balance of the RCF. Further details are included within Note 19. In April 2021 the Group issued convertible bonds to fund future growth totalling \u00a3500m. The unsecured instruments pay a coupon of 0.75% until April 2026, or the conversion date, if earlier. Surplus cash is invested on deposit with relationship banks and money market funds to balance return on cash balances with business liquidity requirements and counterparty risk. The table below analyses the Group\u2019s financial liabilities into relevant maturity groupings based on the remaining period to the contractual maturity date. The amounts disclosed in the tables are the contractual undiscounted cash flows or an estimate of cash flows in respect of floating interest rate liabilities. As at 3 September 2023 Less than 1 year \u00a3m 1 to 2 years \u00a3m 2 to 5 years \u00a3m Over 5 years \u00a3m Term loan 31.1 31.1 218.1 \u2013 Convertible bond 3.8 3.8 503.8 \u2013 Nordstrom loan 1.3 1.3 4.0 20.3 Obligation to repurchase own shares \u2013 \u2013 \u2013 4.9 Trade and other payables1 578.5 \u2013 \u2013 \u2013 Derivatives \u2013 gross settled Cash inflows 1,023.1 107.8 \u2013 \u2013 Cash outflows (1,008.7) (102.5) \u2013 \u2013 As at 31 August 2022 Less than 1 year \u00a3m 1 to 2 years \u00a3m 2 to 5 years \u00a3m Over 5 years \u00a3m Convertible bond 3.8 3.8 503.8 \u2013 Nordstrom loan 1.4 1.4 4.3 21.9 Obligation to repurchase own shares \u2013 \u2013 \u2013 4.9 Trade and other payables1 880.9 \u2013 \u2013 \u2013 Derivatives \u2013 gross settled Cash inflows 1,141.9 502.7 134.2 \u2013 Cash outflows (1,116.6) (480.4) (126.4) \u2013 1 Excludes deferred revenue and any amounts in relation to taxation. The maturities of lease liabilities are disclosed separately in Note 13. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-373": {
"value": "Credit risk Credit risk is the risk that a counterparty may default on its obligation to the Group in relation to lending, hedging, settlement and other financial activities. The Group\u2019s principal financial assets are trade and other receivables, financial derivatives, and cash and cash equivalents. The Group\u2019s credit risk is primarily attributable to its trade and other receivables and financial counterparties. The amounts included in the consolidated balance sheet are net of allowances for doubtful receivables. The Group has a low retail credit risk due to transactions being principally of high volume, low value and short maturity. The Group\u2019s trade receivables are primarily with large advertising companies, with which the Group has long-standing relationships, and wholesale suppliers, and the risk of default and write-offs due to bad debts is considered to be low. The Group has no significant concentration of credit risk, as exposure is spread over a large number of counterparties and customers. The credit risk on liquid funds is considered to be low, as the Board-approved Group Treasury Policy limits the value that can be placed with each approved counterparty to minimise the risk of loss. The Group considers its maximum exposure to credit risk to be as follows: As at 3 September 2023 \u00a3m As at 31 August 2022 \u00a3m Trade and other receivables 68.5 63.4 Cash and cash equivalents 353.3 323.0 Derivative financial assets 26.5 68.4 Total 448.3 454.8 Trade and other receivables above exclude prepayments and VAT receivables. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-374": {
"value": "Interest rate risk Interest rate risk is the risk of increased costs arising from unexpected movements in interest rates impacting the Group\u2019s borrowing portfolio. Interest on financial instruments is classified as fixed rate if interest resets on the instruments are less frequent than once every 12 months. Interest on financial instruments is classified as floating rate if interest resets on the instruments occur every 12 months or more frequently. The Group is exposed to cash flow interest rate risk on its revolving credit facility to the extent that this is utilised, and \u00a3200m term loan. The Group\u2019s outstanding convertible bond pays a fixed coupon. The mix of the Group\u2019s financial assets and liabilities at the balance sheet date was as follows: As at 3 September 2023 As at 31 August 2022 Fixed \u00a3m Floating \u00a3m Total \u00a3m Fixed \u00a3m Floating \u00a3m Total \u00a3m Cash and cash equivalents \u2013 353.3 353.3 \u2013 323.0 323.0 Borrowings (488.0) (184.8) (672.8) (475.9) \u2013 (475.9) Total (488.0) 168.5 (319.5) (475.9) 323.0 (152.9) The Group considers that a 100 basis point movement in interest rates is a reasonable measure of volatility. The sensitivity of floating rate balances to a change of 100 basis points in the interest rate (or such lesser amount as would result in a zero rate of interest) at the balance sheet date is shown below: As at 3 September 2023 Impact on pre-tax profit \u00a3m As at 31 August 2022 Impact on pre-tax profit \u00a3m Change in floating rate +/-100bps 0.6/(0.6) 4.0/(4.0) Foreign currency risk The Group operates internationally and is therefore exposed to foreign currency transaction risk, primarily on sales denominated in Euros, US dollars and Australian dollars as well as on US dollar denominated purchases. The Group\u2019s presentational currency is pound sterling, therefore the Group is also exposed to foreign currency translation risks due to movements in foreign exchange rates on the translation of non-sterling assets and liabilities. The primary use of forward exchange and option contracts for sales and inventory purchases per the Group\u2019s hedging policy is to layer hedges over an 18-month period, with up to 100% coverage of the net unmatched exposure for the first six months preceding the forecast cash flows, and coverage decreasing from a maximum of 94% to 26% between months 7 and 18. These forward foreign exchange contracts are classified as Level 2 derivative financial instruments under IFRS 13, \u2018Fair Value Measurement\u2019. The following table illustrates the hypothetical sensitivity of the Group\u2019s reported profit before tax and other comprehensive income to a 10% increase and decrease in the value of each of these currencies relative to pounds sterling at the reporting date, assuming all other variables remain unchanged. The sensitivity rate of 10% is deemed to represent a reasonably possible change based on historic exchange rate volatility. The following assumptions were made in calculating the sensitivity analysis: \u2022 Exchange rate fluctuations on currency derivatives that form part of an effective cash flow hedge relationship affect the cash flow hedge reserve in equity and the fair value of the hedging derivatives, with no impact on the consolidated income statement \u2022 All hedge relationships are fully effective Positive figures represent an increase in profit before tax or in other comprehensive income. Profit before tax Other comprehensive income 2023 \u00a3m 2022 \u00a3m 2023 \u00a3m 2022 \u00a3m Sterling strengthens by 10% against: US dollar 1.2 (0.3) 5.8 4.8 Euro 18.6 17.6 (0.1) 0.2 Australian dollar (0.3) (0.2) (0.5) 1.3 Sterling weakens by 10% against: US dollar (1.4) 0.3 (7.1) (4.8) Euro (22.8) (17.6) 0.2 (0.2) Australian dollar 0.3 0.2 0.7 (1.3) The above sensitivities are calculated with reference to a single moment in time and are subject to change due to a number of factors including fluctuating trade payable, cash balances and changes in the currency mix. In addition, each of the sensitivities is calculated in isolation while, in reality, foreign currencies do not move independently. The sensitivity calculation has been refined during the year with prior year sensitivities updated as appropriate.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-345": {
"value": "23 FINANCIAL INSTRUMENTS Accounting policies See accounting policies as follows: \u2022 Trade and other receivables \u2013 Note 16 \u2022 Cash and cash equivalents \u2013 Note 17 \u2022 Trade and other payables \u2013 Note 18 \u2022 Leases \u2013 Note 13 \u2022 Borrowings \u2013 Note 19 \u2022 Derivative financial instruments \u2013 Note 24 Financial instruments by category The carrying amount of the Group\u2019s financial assets and financial liabilities as at the balance sheet date are as follows: Amortised cost \u00a3m Fair value through profit or loss \u00a3m Total \u00a3m As at 3 September 2023 Derivative financial assets \u2013 26.5 26.5 Cash and cash equivalents 353.3 \u2013 353.3 Trade and other receivables 1 68.5 \u2013 68.5 Derivative financial liabilities \u2013 (6.5) (6.5) Lease liabilities (329.0) \u2013 (329.0) Trade and other payables 2 (578.5) \u2013 (578.5) Borrowings (672.8) \u2013 (672.8) (1,158.5) 20.0 (1,138.5) Amortised cost \u00a3m Fair value through profit or loss \u00a3m Total \u00a3m As at 31 August 2022 Derivative financial assets \u2013 68.4 68.4 Cash and cash equivalents 323.0 \u2013 323.0 Trade and other receivables 1 63.4 \u2013 63.4 Derivative financial liabilities \u2013 (32.6) (32.6) Lease liabilities (380.1) \u2013 (38 0.1) Trade and other payables 2 (880.9) \u2013 (880.9) Borrowings (475.9) \u2013 (475.9) (1,350.5) 35.8 (1,314.7) 1 Trade and other receivables excludes prepayments and VAT receivables 2 Trade and other payables excludes deferred revenue and any amounts in relation to taxation Only derivative financial instruments are currently held at fair value on the balance sheet \u2013 all are within level 2 of the fair value hierarchy. Carrying amount versus fair value Set out below is a comparison of the carrying amount and the fair value of financial instruments that are carried in the financial statements at a value other than fair value. The fair value of financial assets and liabilities are based on prices available from the market on which the instruments are traded. Where market values are not available, the fair values of financial assets and liabilities have been calculated by discounting expected future cash flows at prevailing interest rates. The fair values of cash and cash equivalents, trade receivables, and trade payables are assumed to approximate to their book values. Fair value hierarchy Carrying amount \u00a3m Fair value \u00a3m As at 3 September 2023 Term loan 2 (184.8) (248.7) Convertible bond 1 (464.4) (344.9) Nordstrom loan 2 (20.4) (28.2) Total (669.6) (621.8) Fair value hierarchy Carrying amount \u00a3m Fair value \u00a3m As at 31 August 2022 Convertible bond 1 (451.0) (371.7) Nordstrom loan 2 (22.0) (21.9) Total (473.0) (393.6) Fair value hierarchy is defined as: \u2022 Level 1 fair value measurements are derived from quoted market prices (unadjusted) in active markets for identical assets or liabilities at the balance sheet date. This level includes listed equity securities and debt instruments on public exchanges; \u2022 Level 2 fair value measurements are derived from inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices). The fair value of financial instruments is determined by discounting expected cash flows at prevailing interest rates; \u2022 Level 3 fair value measurements are derived from valuation techniques that include inputs for the asset or liability that are not based on observable market data (unobservable inputs). Offsetting financial instruments There are no financial assets and financial liabilities that are offset in the Balance Sheet.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-375": {
"value": "Accounting policies See accounting policies as follows: \u2022 Trade and other receivables \u2013 Note 16 \u2022 Cash and cash equivalents \u2013 Note 17 \u2022 Trade and other payables \u2013 Note 18 \u2022 Leases \u2013 Note 13 \u2022 Borrowings \u2013 Note 19 \u2022 Derivative financial instruments \u2013 Note 24 ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-376": {
"value": "Carrying amount versus fair value Set out below is a comparison of the carrying amount and the fair value of financial instruments that are carried in the financial statements at a value other than fair value. The fair value of financial assets and liabilities are based on prices available from the market on which the instruments are traded. Where market values are not available, the fair values of financial assets and liabilities have been calculated by discounting expected future cash flows at prevailing interest rates. The fair values of cash and cash equivalents, trade receivables, and trade payables are assumed to approximate to their book values. Fair value hierarchy Carrying amount \u00a3m Fair value \u00a3m As at 3 September 2023 Term loan 2 (184.8) (248.7) Convertible bond 1 (464.4) (344.9) Nordstrom loan 2 (20.4) (28.2) Total (669.6) (621.8) Fair value hierarchy Carrying amount \u00a3m Fair value \u00a3m As at 31 August 2022 Convertible bond 1 (451.0) (371.7) Nordstrom loan 2 (22.0) (21.9) Total (473.0) (393.6) Fair value hierarchy is defined as: \u2022 Level 1 fair value measurements are derived from quoted market prices (unadjusted) in active markets for identical assets or liabilities at the balance sheet date. This level includes listed equity securities and debt instruments on public exchanges; \u2022 Level 2 fair value measurements are derived from inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices). The fair value of financial instruments is determined by discounting expected cash flows at prevailing interest rates; \u2022 Level 3 fair value measurements are derived from valuation techniques that include inputs for the asset or liability that are not based on observable market data (unobservable inputs). ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-377": {
"value": "Offsetting financial instruments There are no financial assets and financial liabilities that are offset in the Balance Sheet.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOffsettingOfFinancialAssetsAndFinancialLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-346": {
"value": "24 DERIVATIVE FINANCIAL INSTRUMENTS Accounting policy The Group\u2019s policy is to match up to 100% of foreign currency transactions in the same currency, taking into account a proportion of sales approach. For capital expenditure, the Group\u2019s policy is to hedge pre-approved foreign currency expenditure. Where appropriate, the Group uses financial instruments in the form of forward foreign exchange contracts and options contracts to hedge the net unmatched exposure of future highly probable forecast foreign currency cash flows. These derivative financial instruments are designated as cash flow hedges, and are initially measured at fair value on the contract date and then measured at fair value at subsequent reporting dates. To qualify for hedge accounting, the Group documents, at the inception of the hedge, the hedging risk management strategy, the relationship between the hedging instrument and the hedged item or transaction, the nature of the risks being hedged and an assessment of the effectiveness of the hedging relationship to ensure it is highly effective on an ongoing basis. Changes in the fair value of derivative financial instruments that are designated and effective as hedges of future cash flows are recognised directly in other comprehensive income and the ineffective portion is recognised immediately in the income statement. Where the hedged item subsequently results in the recognition of a non-financial asset such as inventory or property, plant and equipment, the amounts accumulated in other comprehensive income are included in the initial cost of the asset. For all other cash flow hedges, the amounts accumulated in other comprehensive income are recognised in the consolidated income statement when the hedged item or transaction affects the income statement. Where derivatives do not qualify for hedge accounting, any changes in the fair value of the derivative financial instrument are recognised in the income statement as they arise. The effects of hedge accounting on the Group\u2019s financial position and performance The table below provides a breakdown of the Group\u2019s derivatives in cash flow hedges as well as derivatives not in a formal hedge accounting relationship: As at 3 September 2023 As at 31 August 2022 Asset Liability Asset Liability Fair value \u00a3m Notional \u00a3m Fair value \u00a3m Notional \u00a3m Fair value \u00a3m Notional \u00a3m Fair value \u00a3m Notional \u00a3m Foreign currency derivatives Inventory hedges 7.2 165.7 (1.2) 25.7 48.1 459.0 (4.6) 8.2 Capex hedges 0.5 5.8 (0.9) 18.5 4.3 36.9 \u2013 \u2013 Sales hedges 18.6 (341.9) (3.8) (53.9) 10.4 (152.8) (28.0) (511.3) Derivatives not in a formal hedging relationship Foreign currency derivatives 0.2 59.5 (0.6) 180.2 5.6 273.4 \u2013 \u2013 Total 26.5 (110.9) (6.5) 170.5 68.4 616.5 (32.6) (5 03.1) During the financial period, the Group revised its hedging policy, reducing the period over which hedges are layered (prior to the related cash flows being hedged) from 36 months to 18 months. Any hedges held falling outside of the revised policies were terminated during the period. The net hedging gains and losses held in other comprehensive income in relation to these was not material. There is an economic relationship between the hedged items and the hedging instruments as the terms of the foreign exchange contracts match the terms of the expected highly probable forecast transactions (i.e., notional amount and expected payment date). The Group has established a hedge ratio of 1:1 for the hedging relationships as the underlying risk of the foreign exchange contracts are identical to the hedged risk components. Hedge effectiveness is determined at inception of the hedge relationship and through periodic prospective effectiveness assessments to ensure that an economic relationship exists between the hedged item and hedging instrument. Hedge ineffectiveness can arise from: \u2022 Differences in the timing of the cash flows of the hedged items and the hedging instruments; \u2022 The counterparties\u2019 credit risk differently impacting the fair value movements of the hedging instrument compared to the hedged items; \u2022 Changes to the forecasted cash flows of hedged item. The derivatives have been fair valued at 3 September 2023 with reference to forward exchange rates and option pricing models that are quoted in an active market, with the resulting value discounted back to present value.The table below analyses the Group\u2019s derivative financial instruments into relevant maturity groupings based on the remaining period at the balance sheet date to the contractual maturity date. The amounts disclosed in the table are the contractual undiscounted cash flows. As at 3 September 2023 1 to 6 months Maturity 6 to 12 months More than one year US dollars (highly probable forecast purchases) Notional amount (in \u00a3m) 66.6 109.3 39.8 Average GBP:USD contract rate 1.31 1.28 1.30 Euro (highly probable forecast sales) Notional amount (in \u00a3m) (86.6) (97.0) (25.6) Average GBP:EUR contract rate 1.14 1.15 1.14 Australian dollars (highly probable forecast sales) Notional amount (in \u00a3m) (23.7) (28.9) (15.7) Average GBP:AUD contract rate 1.74 1.78 1.74 Other (highly probable forecast sales) Notional amount (in \u00a3m) (50.6) (44.9) (22.8) Average GBP: Other contract rate Various currencies As at 31 August 2022 1 to 6 months Maturity 6 to 12 months More than one year US dollars (highly probable forecast purchases) Notional amount (in \u00a3m) 114.8 115.8 273.4 Average GBP:USD contract rate 1.31 1.29 1.30 Euro (highly probable forecast sales) Notional amount (in \u00a3m) (60.3) (47.4) (156.3) Average GBP:EUR contract rate 1.12 1.14 1.13 Australian dollars (highly probable forecast sales) Notional amount (in \u00a3m) (53.2) (46.5) (67.0) Average GBP:AUD contract rate 1.82 1.83 1.87 Other (highly probable forecast sales) Notional amount (in \u00a3m) (68.3) (57.4) (107.6) Average GBP: Other contract rate Various currencies The impact of the hedged items on the Group\u2019s financial statements is as follows: 1 September 2022 to 3 September 2023 Change in value of hedged item for calculating hedge ineffectiveness \u00a3m Change in value of hedging instrument for calculating hedge ineffectiveness \u00a3m Cumulative impact on cash flow hedge reserve \u00a3m Hedges of foreign currency sales (30.5) 30.5 14.8 Hedges of foreign currency inventory purchases 53.8 (53.8) 4.5 Hedges of foreign currency purchases of property, plant and equipment 6.3 (6.3) 2.1 Year ended 31 August 2022 Change in value of hedged item for calculating hedge ineffectiveness \u00a3m Change in value of hedging instrument for calculating hedge ineffectiveness \u00a3m Cumulative impact on cash flow hedge reserve \u00a3m Hedges of foreign currency sales 25.9 (25.9) (17.4) Hedges of foreign currency inventory purchases (44.9) 44.9 43.6 Hedges of foreign currency purchases of property, plant and equipment (6.3) 6.3 6.2 The following table presents a reconciliation by risk category of the cash flow hedge reserve and analysis of other comprehensive income in relation to hedge accounting: 1 September 2022 to 3 September 2023 Opening \u00a3m Fair value movements recognised in other comprehensive income \u00a3m Amounts reclassified \u00a3m Closing \u00a3m Reclassification recognised in Hedges of foreign currency sales (17.4) 30.5 1.7 14.8 Revenue Hedges of foreign currency inventory purchases 43.6 (53.8) 14.7 4.5 Inventory Hedges of foreign currency purchases of property, plant and equipment 6.2 (6.3) 2.2 2.1 Property, plant and equipment Tax (6.2) 2.0 \u2013 (4.2) 26.2 (27.6) 18.6 17.2 Year ended 31 August 2022 Opening \u00a3m Fair value movements recognised in other comprehensive income \u00a3m Amounts reclassified \u00a3m Closing \u00a3m Reclassification recognised in Hedges of foreign currency sales 24.0 (25.9) (15.5) (17.4) Revenue Hedges of foreign currency inventory purchases (6.8) 44.9 5.5 43.6 Inventory Hedges of foreign currency purchases of property, plant and equipment \u2013 6.3 (0.1) 6.2 Property, plant and equipment Tax (2.9) (3.3) \u2013 (6.2) 14.3 22.0 (10.1) 26.2 ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-394": {
"value": "The Group\u2019s policy is to match up to 100% of foreign currency transactions in the same currency, taking into account a proportion of sales approach. For capital expenditure, the Group\u2019s policy is to hedge pre-approved foreign currency expenditure. Where appropriate, the Group uses financial instruments in the form of forward foreign exchange contracts and options contracts to hedge the net unmatched exposure of future highly probable forecast foreign currency cash flows. These derivative financial instruments are designated as cash flow hedges, and are initially measured at fair value on the contract date and then measured at fair value at subsequent reporting dates. To qualify for hedge accounting, the Group documents, at the inception of the hedge, the hedging risk management strategy, the relationship between the hedging instrument and the hedged item or transaction, the nature of the risks being hedged and an assessment of the effectiveness of the hedging relationship to ensure it is highly effective on an ongoing basis. Changes in the fair value of derivative financial instruments that are designated and effective as hedges of future cash flows are recognised directly in other comprehensive income and the ineffective portion is recognised immediately in the income statement. Where the hedged item subsequently results in the recognition of a non-financial asset such as inventory or property, plant and equipment, the amounts accumulated in other comprehensive income are included in the initial cost of the asset. For all other cash flow hedges, the amounts accumulated in other comprehensive income are recognised in the consolidated income statement when the hedged item or transaction affects the income statement. Where derivatives do not qualify for hedge accounting, any changes in the fair value of the derivative financial instrument are recognised in the income statement as they arise. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-389": {
"value": "The Group\u2019s policy is to match up to 100% of foreign currency transactions in the same currency, taking into account a proportion of sales approach. For capital expenditure, the Group\u2019s policy is to hedge pre-approved foreign currency expenditure. Where appropriate, the Group uses financial instruments in the form of forward foreign exchange contracts and options contracts to hedge the net unmatched exposure of future highly probable forecast foreign currency cash flows. These derivative financial instruments are designated as cash flow hedges, and are initially measured at fair value on the contract date and then measured at fair value at subsequent reporting dates. To qualify for hedge accounting, the Group documents, at the inception of the hedge, the hedging risk management strategy, the relationship between the hedging instrument and the hedged item or transaction, the nature of the risks being hedged and an assessment of the effectiveness of the hedging relationship to ensure it is highly effective on an ongoing basis. Changes in the fair value of derivative financial instruments that are designated and effective as hedges of future cash flows are recognised directly in other comprehensive income and the ineffective portion is recognised immediately in the income statement. Where the hedged item subsequently results in the recognition of a non-financial asset such as inventory or property, plant and equipment, the amounts accumulated in other comprehensive income are included in the initial cost of the asset. For all other cash flow hedges, the amounts accumulated in other comprehensive income are recognised in the consolidated income statement when the hedged item or transaction affects the income statement. Where derivatives do not qualify for hedge accounting, any changes in the fair value of the derivative financial instrument are recognised in the income statement as they arise. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-378": {
"value": "The Group\u2019s policy is to match up to 100% of foreign currency transactions in the same currency, taking into account a proportion of sales approach. For capital expenditure, the Group\u2019s policy is to hedge pre-approved foreign currency expenditure. Where appropriate, the Group uses financial instruments in the form of forward foreign exchange contracts and options contracts to hedge the net unmatched exposure of future highly probable forecast foreign currency cash flows. These derivative financial instruments are designated as cash flow hedges, and are initially measured at fair value on the contract date and then measured at fair value at subsequent reporting dates. To qualify for hedge accounting, the Group documents, at the inception of the hedge, the hedging risk management strategy, the relationship between the hedging instrument and the hedged item or transaction, the nature of the risks being hedged and an assessment of the effectiveness of the hedging relationship to ensure it is highly effective on an ongoing basis. Changes in the fair value of derivative financial instruments that are designated and effective as hedges of future cash flows are recognised directly in other comprehensive income and the ineffective portion is recognised immediately in the income statement. Where the hedged item subsequently results in the recognition of a non-financial asset such as inventory or property, plant and equipment, the amounts accumulated in other comprehensive income are included in the initial cost of the asset. For all other cash flow hedges, the amounts accumulated in other comprehensive income are recognised in the consolidated income statement when the hedged item or transaction affects the income statement. Where derivatives do not qualify for hedge accounting, any changes in the fair value of the derivative financial instrument are recognised in the income statement as they arise. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-347": {
"value": "25 SHARE-BASED PAYMENTS Accounting policies The Group issues equity-settled share-based payments to certain employees, whereby employees render services in exchange for shares or rights over shares of the parent company. The fair value of the employee services rendered is determined by reference to the fair value of the shares awarded or options granted, excluding the impact of any non-market vesting conditions. All share options are valued using an option-pricing model. This fair value is charged to the income statement over the vesting period of the share-based payment scheme with a corresponding increase in equity, allowing for an estimate of shares that will eventually vest. The level of vesting is reviewed annually and the charge adjusted to reflect actual and estimated levels of vesting. Where a share-based payment scheme is modified during the vesting period, an additional charge is recognised over the remainder of that vesting period to the extent that the fair value of the revised scheme at the modification date exceeds the fair value of the original scheme at the modification date. Where the fair value of the revised scheme does not exceed the fair value of the original scheme, the Group continues to recognise the charge required under the conditions of the original scheme. The grant by the Company (ASOS Plc) of options over its equity instruments to the employees of subsidiary undertakings in the Group is treated as a capital contribution. The fair value of employee services received, measured by reference to the grant date fair value, is recognised over the vesting period as an increase to investment in subsidiary undertakings, with a corresponding credit to equity. The Group incurred a cost of \u00a35.2m (2022: \u00a30.6m) net of capitalised costs totalling \u00a31.2m (2022: \u00a30.2m) related to share-based payments during the financial period to 3 September 2023. Save As You Earn (SAYE) scheme Under the terms of the current SAYE scheme, the Board grants options to purchase ordinary shares in the Company to employees who enter into an HMRC-approved SAYE scheme for a term of three years. Options are granted at up to a 20% discount to the market price of the shares on the day preceding the date of offer and are normally exercisable for a period of six months after completion of the SAYE contract. These option grants are settled on exercise through a transfer of shares from the Employee Benefit Trust. A reconciliation of SAYE movements is shown below: 1 September 2022 to 3 September 2023 1 September 2021 to 31 August 2022 Number of options (no. of shares) Weighted average exercise price (pence) Number of options (no. of shares) Weighted average exercise price (pence) Outstanding at beginning of period 287,037 1,933 216,410 3,326 Granted 1,497,390 298 265,897 1,355 Lapsed (438,434) 1,209 (195,270) 2,690 Exercised \u2013 \u2013 \u2013 \u2013 Outstanding at end of period 1,345,993 350 287,037 1,933 Exercisable at end of period 4,323 914 643 5,028 The weighted average share price for options exercised over the period was nil pence (2022: nil pence). The weighted average remaining contractual life of options outstanding at 3 September 2023 was 2.3 years (2022: 1.8 years). The fair value of SAYE options granted during the current and prior periods was calculated using the Black-Scholes model, assuming the following inputs: 1 September 2022 to 3 September 2023 1 September 2021 to 31 August 2022 Share price (pence) 665 2,546 Exercise price (pence) 532 2,057 Expected volatility (%) 63 72 Expected life (years) 2 .1 3.1 Risk-free rate (%) 3.3 0.6 Dividend yield \u2013 \u2013 Weighted average fair value of options (pence) 298 1,355 Volatility has been estimated by taking the historical volatility in the Company\u2019s share price over a three-year period. Share Incentive Plan (SIP) Under the terms of the SIP, the Board granted free shares to every employee under an HMRC-approved SIP. Awards must be held in trust for a period of at least three years after grant date and become exercisable at this date. These option grants are settled on exercise through a transfer of shares from the Link Trust. Only 2,901 options remain outstanding at the period end (2022: 3,317). ASOS Long-Term Incentive Scheme (ALTIS) Under the terms of the ALTIS, certain Executive Directors and members of management may be granted conditional awards, the base value of which is calculated as a fixed multiple of salary, and will only vest to the extent the related performance targets, as detailed in the Directors\u2019 Remuneration Report on page 84, are met. These options grants are settled on exercise through issue of new ordinary shares by the Company. Options granted under the ALTIS are shown below. 1 September 2022 to 3 September 2023 (no. of shares) 1 September 2021 to 31 August 2022 (no. of shares) Outstanding at beginning of period 790,724 790,562 Granted 1,564,478 441,46 0 Lapsed (510,069) (339,110) Exercised (24,413) (102,188) Outstanding end of period 1,820,720 790,724 The weighted average remaining contractual life of share options outstanding at 3 September 2023 was 1.8 years (2022: 1.3 years). Details of shares conditionally allocated at 3 September 2023 are set out below: Date of grant As at 3 September 2023 (no. of shares) As at 31 August 2022 (no. of shares) ALTIS \u201819 \u2013 223,627 ALTIS \u201820 160,375 188,644 ALTIS \u201821 290,158 378,453 ALTIS \u201822 1,370,185 \u2013 Total 1,820,718 790,724 The fair value of options granted during the current and prior periods under the ALTIS EPS performance conditions were calculated using the Black-Scholes model and the fair value of options granted under the ALTIS TSR (Total Shareholder Return) performance conditions were calculated using the Monte Carlo model. Both sets of inputs are shown below: 1 September 2022 to 3 September 2023 1 September 2021 to 31 August 2022 Grant 1 Grant 2 Grant 1 Grant 2 Grant 3 Grant 4 Grant 5 Share price (pence) 642 406 2,601 2,056 1,373 860 697 Exercise price (pence) \u2013 \u2013 \u2013 \u2013 \u2013 \u2013 \u2013 Expected volatility (%) 72.4 69.8 72.8 67.9 66.3 74.0 60.2 Expected life (years) 2.9 2.4 2.9 2.7 2.5 2.4 2.2 Risk-free rate (%) 3.2 4.6 0.5 1.3 1.6 2.2 2.8 Dividend yield \u2013 \u2013 \u2013 \u2013 \u2013 \u2013 \u2013 Weighted average fair value of options for EPS performance condition (pence) 642 406 2,601 2,056 1,373 860 697 Weighted average fair value of options for TSR performance condition (pence) 1, 2 270 171 1,480 1,170 781 489 397 1 Inputs to the Monte Carlo model for all grants from 2023 were as follows: share price of 642 pence, exercise price of nil, expected volatility of 57.0%, expected life of 2.8 years, risk-free rate of 3.2% and dividend yield of nil. 2 Inputs to the Monte Carlo model for all grants from 2022 were as follows: share price of 2,601 pence, exercise price of nil, expected volatility of 52.0%, expected life of 3.0 years, risk-free rate of 0.6% and dividend yield of nil. Volatility has been estimated by taking the historical volatility in the Company\u2019s share price over a three-year period. Restricted Stock Unit (RSU) Similar to the ALTIS schemes, certain Executive Directors and members of management may be granted conditional awards, the base value of which is calculated as a fixed multiple of salary, and will only vest to the extent the members remain in employment to the end of the vesting period. These options granted are settled on exercise through issue of new ordinary shares by the Company. Options granted under the RSU are shown below. 1 September 2022 to 3 September 2023 (no. of shares) 1 September 2021 to 31 August 2022 (no. of shares) Outstanding at beginning of period 114,294 11,920 Granted 323,208 127,422 Lapsed (29,235) (17,883) Exercised (178,401) (7,16 5) Outstanding end of period 229,866 114,29 4 The weighted average remaining contractual life of share options outstanding at 3 September 2023 was 0.4 years (2022: 0.7 years). No performance conditions were included in the fair value calculations. The fair value per option granted during the period and the assumptions used in the calculation as well as details of shares conditionally allocated are as follows: Date of grant Fair value of options (pence) As at 3 September 2023 (no. of shares) As at 31 August 2022 (no. of shares) 26.04.21 5,222 \u2013 3,830 14.01.22 2,270 \u2013 100,836 30.08.22 727 4,814 9,628 19.01.23 761 104,996 \u2013 31.05.23 354 120,056 \u2013 229,866 114,294",
"dimensions": {
"concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-379": {
"value": "The Group issues equity-settled share-based payments to certain employees, whereby employees render services in exchange for shares or rights over shares of the parent company. The fair value of the employee services rendered is determined by reference to the fair value of the shares awarded or options granted, excluding the impact of any non-market vesting conditions. All share options are valued using an option-pricing model. This fair value is charged to the income statement over the vesting period of the share-based payment scheme with a corresponding increase in equity, allowing for an estimate of shares that will eventually vest. The level of vesting is reviewed annually and the charge adjusted to reflect actual and estimated levels of vesting. Where a share-based payment scheme is modified during the vesting period, an additional charge is recognised over the remainder of that vesting period to the extent that the fair value of the revised scheme at the modification date exceeds the fair value of the original scheme at the modification date. Where the fair value of the revised scheme does not exceed the fair value of the original scheme, the Group continues to recognise the charge required under the conditions of the original scheme. The grant by the Company (ASOS Plc) of options over its equity instruments to the employees of subsidiary undertakings in the Group is treated as a capital contribution. The fair value of employee services received, measured by reference to the grant date fair value, is recognised over the vesting period as an increase to investment in subsidiary undertakings, with a corresponding credit to equity. The Group incurred a cost of \u00a35.2m (2022: \u00a30.6m) net of capitalised costs totalling \u00a31.2m (2022: \u00a30.2m) related to share-based payments during the financial period to 3 September 2023. ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-348": {
"value": "26 RELATED PARTY TRANSACTIONS
Transactions with key management personnel
There were no material transactions or balances between the Group and its key management personnel or their close family members during the
year to 31 August 2022 and the period from 1 September 2022 to 3 September 2023 other than remuneration disclosed in Note 7.
Transactions with ASOS.com Limited Employee Benefit Trust and Link Trust (the Trusts)
During the period, \u00a3nil (2022: \u00a3nil) was received by the Trusts on exercise of employee share options.
Transactions with other related parties
During the period, the Group made purchases of inventory, net of VAT, totalling \u00a365.9m (2022: \u00a375.9m) from Aktieselskabet af 5.5.2010,
a company which has a significant shareholding in the Group. At 3 September 2023, the amount due to Aktieselskabet af 5.5.2010 was \u00a36.8m
(2022: \u00a38.8m) in addition to a release to the P&L in relation to rebates of \u00a30.1m (2022: \u00a30.2m).
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfTransactionsBetweenRelatedPartiesExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-380": {
"value": "26 RELATED PARTY TRANSACTIONS Transactions with key management personnel There were no material transactions or balances between the Group and its key management personnel or their close family members during the year to 31 August 2022 and the period from 1 September 2022 to 3 September 2023 other than remuneration disclosed in Note 7. Transactions with ASOS.com Limited Employee Benefit Trust and Link Trust (the Trusts) During the period, \u00a3nil (2022: \u00a3nil) was received by the Trusts on exercise of employee share options. Transactions with other related parties During the period, the Group made purchases of inventory, net of VAT, totalling \u00a365.9m (2022: \u00a375.9m) from Aktieselskabet af 5.5.2010, a company which has a significant shareholding in the Group. At 3 September 2023, the amount due to Aktieselskabet af 5.5.2010 was \u00a36.8m (2022: \u00a38.8m) in addition to a release to the P&L in relation to rebates of \u00a30.1m (2022: \u00a30.2m).",
"dimensions": {
"concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-390": {
"value": "Transactions with key management personnel There were no material transactions or balances between the Group and its key management personnel or their close family members during the year to 31 August 2022 and the period from 1 September 2022 to 3 September 2023 other than remuneration disclosed in Note 7. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-349": {
"value": "27 NET DEBT RECONCILIATION Group net debt comprises cash and cash equivalents less any borrowings drawn down at period-end (including accrued interest), but excluding outstanding lease liabilities. Lease liabilities \u00a3m Borrowings \u00a3m Cash and cash equivalents \u00a3m Total \u00a3m As at 1 September 2022 (380.1) (475.9) 323.0 (533.0) Cash flow movements 28.0 (154.5) 27.6 (98.9) Cash flow excluding interest 22.4 (198.3) 32.1 (143.8) Net interest paid/(received) 5.6 28.0 (4.5) 29.1 Financing fees paid \u2013 15.8 \u2013 15.8 Non-cash movements 23.1 (42.4) 2.7 (16.6) Movement in lease liabilities 21.1 \u2013 \u2013 21.1 Foreign exchange impacts 7.6 \u2013 (1.8) 5.8 Accrued interest (5.6) (42.4) 4.5 (43.5) As at 3 September 2023 (329.0) (672.8) 353.3 (648.5) Net debt (excluding leases) (319.5) As at 1 September 2021 (328.9) (463.2) 662.7 (129.4) Cash flow movements 31.7 5.7 (340.7) (303.3) Cash flow excluding interest 26.3 \u2013 (339.8) (313.5) Net interest paid/(received) 5.4 5.7 (0.9) 10.2 Non-cash movements (82.9) (18.4) 1.0 (100.3) Movement in lease liabilities (71.3) \u2013 \u2013 (71.3) Foreign exchange impacts (6.2) \u2013 0.1 (6.1) Accrued interest (5.4) (18.4) 0.9 (22.9) As at 31 August 2022 (38 0.1) (475.9) 323.0 (533.0) Net debt (excluding leases) (152.9)",
"dimensions": {
"concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-350": {
"value": "28 COMMITMENTS AND CONTINGENCIES
Capital commitments
Capital expenditure committed at the reporting date but not yet incurred is as follows:
As at
3 September
2023
\u00a3m
As at
31 August
2022
\u00a3m
Fixtures and fittings 71.3 101.5
Intangible assets 76.2 104.5
147.5 206.0
Subsidiary audit exemptions
The following UK subsidiary undertakings are exempt from the requirements of the Companies Act 2006 (the \u2018Act\u2019) relating to the audit of
individual accounts by virtue of section 479A of the Act.
Name Company number Name Company number
ASOS Global Limited 07817472 Covetique Limited 07491491
ASOS Marketplace Limited 07289272 Crooked Tongues Limited 06579850
ASOS Payments Holdings Limited 13337408 Eight Paws Projects Limited 07990751
ASOS Projects Limited 08218702 Mornington & Co (No.1) Limited 08506761
ASOS Transaction Services Limited 08207408 Mornington & Co (No.2) Limited 08506877
ASOS Ventures Limited 09356546
Contingent liabilities
From time to time, the Group is subject to various legal proceedings and claims that arise in the ordinary course of business, which due to the
fast-growing nature of the Group and its ecommerce base, may concern the Group\u2019s brand and trading name or its product designs. All such
cases brought against the Group are robustly defended and a liability is recorded only when it is probable that the case will result in a future
economic outflow which can be reliably measured.
The Group is currently party to legal proceedings in overseas territories. These proceedings are in their very early stages and the Group is
robustly defending them. Given the early stages, the Group cannot make any assessment of the likelihood nor quantum of any outcome. No
provision has therefore been recognised on the Group\u2019s balance sheet.
The Group is currently party to a voluntary disclosure made to an overseas tax authority in relation to potentially overclaimed VAT. Suppliers to
the Group have historically charged VAT on services which should possibly have been charged without VAT. If it is concluded that VAT should not
have been charged, ASOS will be required to either repay circa \u00a390m to the related tax authority and reclaim said amounts from the suppliers
or reach multi-party, non-cash agreements between the tax authority, the suppliers and ASOS. At this time it is unclear whether VAT should
or should not have been charged, with facts supporting both views. The correct position will ultimately be determined by the relevant tax
authorities, and as a result the Group considers there to be only a possible risk that a payment will be required. The Group is actively working
with the suppliers and tax authorities to conclude and notes that in either scenario the tax authority concerned has not suffered a loss of tax
revenue as amounts claimed by ASOS have been matched by payments made by suppliers.
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-391": {
"value": "28 COMMITMENTS AND CONTINGENCIES Capital commitments Capital expenditure committed at the reporting date but not yet incurred is as follows: As at 3 September 2023 \u00a3m As at 31 August 2022 \u00a3m Fixtures and fittings 71.3 101.5 Intangible assets 76.2 104.5 147.5 206.0 Subsidiary audit exemptions The following UK subsidiary undertakings are exempt from the requirements of the Companies Act 2006 (the \u2018Act\u2019) relating to the audit of individual accounts by virtue of section 479A of the Act. Name Company number Name Company number ASOS Global Limited 07817472 Covetique Limited 07491491 ASOS Marketplace Limited 07289272 Crooked Tongues Limited 06579850 ASOS Payments Holdings Limited 13337408 Eight Paws Projects Limited 07990751 ASOS Projects Limited 08218702 Mornington & Co (No.1) Limited 08506761 ASOS Transaction Services Limited 08207408 Mornington & Co (No.2) Limited 08506877 ASOS Ventures Limited 09356546 Contingent liabilities From time to time, the Group is subject to various legal proceedings and claims that arise in the ordinary course of business, which due to the fast-growing nature of the Group and its ecommerce base, may concern the Group\u2019s brand and trading name or its product designs. All such cases brought against the Group are robustly defended and a liability is recorded only when it is probable that the case will result in a future economic outflow which can be reliably measured. The Group is currently party to legal proceedings in overseas territories. These proceedings are in their very early stages and the Group is robustly defending them. Given the early stages, the Group cannot make any assessment of the likelihood nor quantum of any outcome. No provision has therefore been recognised on the Group\u2019s balance sheet. The Group is currently party to a voluntary disclosure made to an overseas tax authority in relation to potentially overclaimed VAT. Suppliers to the Group have historically charged VAT on services which should possibly have been charged without VAT. If it is concluded that VAT should not have been charged, ASOS will be required to either repay circa \u00a390m to the related tax authority and reclaim said amounts from the suppliers or reach multi-party, non-cash agreements between the tax authority, the suppliers and ASOS. At this time it is unclear whether VAT should or should not have been charged, with facts supporting both views. The correct position will ultimately be determined by the relevant tax authorities, and as a result the Group considers there to be only a possible risk that a payment will be required. The Group is actively working with the suppliers and tax authorities to conclude and notes that in either scenario the tax authority concerned has not suffered a loss of tax revenue as amounts claimed by ASOS have been matched by payments made by suppliers.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-381": {
"value": "28 COMMITMENTS AND CONTINGENCIES Capital commitments Capital expenditure committed at the reporting date but not yet incurred is as follows: As at 3 September 2023 \u00a3m As at 31 August 2022 \u00a3m Fixtures and fittings 71.3 101.5 Intangible assets 76.2 104.5 147.5 206.0 Subsidiary audit exemptions The following UK subsidiary undertakings are exempt from the requirements of the Companies Act 2006 (the \u2018Act\u2019) relating to the audit of individual accounts by virtue of section 479A of the Act. Name Company number Name Company number ASOS Global Limited 07817472 Covetique Limited 07491491 ASOS Marketplace Limited 07289272 Crooked Tongues Limited 06579850 ASOS Payments Holdings Limited 13337408 Eight Paws Projects Limited 07990751 ASOS Projects Limited 08218702 Mornington & Co (No.1) Limited 08506761 ASOS Transaction Services Limited 08207408 Mornington & Co (No.2) Limited 08506877 ASOS Ventures Limited 09356546 Contingent liabilities From time to time, the Group is subject to various legal proceedings and claims that arise in the ordinary course of business, which due to the fast-growing nature of the Group and its ecommerce base, may concern the Group\u2019s brand and trading name or its product designs. All such cases brought against the Group are robustly defended and a liability is recorded only when it is probable that the case will result in a future economic outflow which can be reliably measured. The Group is currently party to legal proceedings in overseas territories. These proceedings are in their very early stages and the Group is robustly defending them. Given the early stages, the Group cannot make any assessment of the likelihood nor quantum of any outcome. No provision has therefore been recognised on the Group\u2019s balance sheet. The Group is currently party to a voluntary disclosure made to an overseas tax authority in relation to potentially overclaimed VAT. Suppliers to the Group have historically charged VAT on services which should possibly have been charged without VAT. If it is concluded that VAT should not have been charged, ASOS will be required to either repay circa \u00a390m to the related tax authority and reclaim said amounts from the suppliers or reach multi-party, non-cash agreements between the tax authority, the suppliers and ASOS. At this time it is unclear whether VAT should or should not have been charged, with facts supporting both views. The correct position will ultimately be determined by the relevant tax authorities, and as a result the Group considers there to be only a possible risk that a payment will be required. The Group is actively working with the suppliers and tax authorities to conclude and notes that in either scenario the tax authority concerned has not suffered a loss of tax revenue as amounts claimed by ASOS have been matched by payments made by suppliers.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
},
"fact-351": {
"value": "29 POST BALANCE SHEET EVENTS After the balance sheet date, on 6 October 2023, the Board approved the commencement of a process to either sell or mothball the Lichfield fulfilment centre, following completion of the automation project in late FY24. At the year-end, the site was in use and will remain as such until the automation work completes. At the year-end, assets held in relation to Lichfield totalled circa \u00a3110m, as well as lease liabilities of circa \u00a330m. Costs to complete the automation are estimated at \u00a345m. As a result of the decision, an impairment of the existing assets is likely to be required, which together with committed future automation spend, will be recognised directly within administrative expenses, and outside adjusted profit. Any impairments are ultimately dependent on future decisions regarding the site, which include recommissioning the site, leaving vacant, or securing the sale of the related equipment and assigning the lease.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
"language": "en",
"entity": "scheme:213800H8DBB8JSKDW630",
"period": "2022-09-01T00:00:00/2023-09-04T00:00:00"
}
}
}
}