Calculate the Cash Conversion Cycle for Rolls Royce Holdings Plc for the years 2020 and 2019
31 December 2020 Em 31 December 2019 Em Notes 9 10 11 13 13 21 5 23 ASSETS Intangible assets Property, plant and equipment Right-of-use assets Investments - joint ventures and associates Investments - other Other financial assets Deferred tax assets Post-retirement scheme surpluses Non-current assets Inventories Trade receivables and other assets Contract assets Taxation recoverable Other financial assets Short-term investments Cash and cash equivalents Current assets Assets held for sale TOTAL ASSETS 5,145 4,515 1,405 394 19 687 1,826 907 14,898 3,690 5,455 1,510 117 107 14 5,442 4,803 2.009 402 14 467 1,887 1,170 16,194 4,320 5,065 2,095 39 86 6 4,443 16,054 18 32,266 15 16 21 21 17 3,452 14,331 288 29,517 28 18 21 20 16 22 LIABILITIES Borrowings and lease liabilities Other financial liabilities Trade payables and other liabilities Contract liabilities Current tax liabilities Provisions for liabilities and charges Current liabilities Borrowings and lease liabilities Other financial liabilities Trade payables and other liabilities Contract liabilities Deferred tax liabilities Provisions for liabilities and charges Post-retirement scheme deficits Non-current liabilities Liabilities associated with assets held for sale TOTAL LIABILITIES 21 20 |u|||| (1,272) (608) (6,653) (4,187) (154) (826) (13,700) (6,058) (3,046) (1,922) (6,245) (494) (1,119) (1,580) (20,464) (228) (34,392) (775) (493) (8,450) (4,228) (172) (858) (14,976) (4,910) (3,094) (2,071) (6,612) (618) (1,946) (1,378) (20,629) (15) (35,620) 23 28 For the year ended 31 December 2020 Notes 2 Revenue Cost of sales 12 Gross (loss)/profit Commercial and administrative costs 1 Research and development costs Share of results of joint ventures and associates Operating loss (Loss)/gain arising on acquisition and disposal of businesses Loss before financing and taxation 2020 Em 11,824 (12,034) (210) (808) (1,254) 191 (2,081) (14) (2,095) 2019 Em 16,587 (15,645) 942 (1,128) (770) 104 (852) 139 (713) 3 13 3 28 2 4 Financing income Financing costs Net financing costs 4 67 (882) (815) 252 (430) (178) Loss before taxation 5 Taxation Loss for the year 5 (2,910) (259) (3,169) (891) (420) (1,311) Attributable to: Ordinary shareholders Non-controlling interests Loss for the year Other comprehensive expense Total comprehensive expense for the year (3,170) 1 (3,169) (265) (3,434) (1,315) 4 (1,311) (1,013) (2,324) 6 Loss per ordinary share attributable to ordinary shareholders: Basic Diluted Underlying earnings per ordinary share are shown in note 6 (52.95)p (52.95)p (23.70)p (23.70)p 6 21 Payments to ordinary shareholders in respect of the year: Pence per share Total 6 1.6p 87 Underlying (loss)/profit before taxation 2 (3,958) 583
