NOTES TO THE FINANCIAL STATEMENTS CONTINUED S S PRIOR YEAR RESTATEMENT TR3 SEGMENTAL REPORTING TR The Consolidated Statement of Financial Position as at 1 January 2022 and 31 December 2022 has been restated to reflect a prior period adjustment in AOperating segments are defined as components of the Group about which separate financial information is available and is evaluated regularly by the chief A respect of the deferral of tax relief income received under the Research and Development Expenditure Credit (‘RDEC’) regime. The Group previously TEoperating decision-maker in assessing performance. The Group has only one operating segment, the automotive segment, and therefore no separate TE G G I I recognised the income within Administrative and other operating expenses in the Consolidated Income Statement, in the period in which the qualifying Csegmental report is disclosed. The automotive segment includes all activities relating to design, development, manufacture and marketing of vehicles, C expenditure giving rise to the RDEC claim was incurred. The Group has reassessed the treatment under IAS 20 in respect of income from RDEC claims where Rincluding consulting services; as well as the sale of parts, servicing and automotive brand activities from which the Group derives its revenues. R E E the qualifying expenditure has been capitalised. For these capitalised expenses, the RDEC income earned has been deferred to the Consolidated Statement P P O 2023 2022 O of Financial Position and will be released to the Consolidated Income Statement over the same period as the amortisation of the costs capitalised to which RRevenue £m £m R the RDEC income relates. Where the qualifying expenditure is not capitalised, the RDEC income will continue to be recognised in the Consolidated Income TAnalysis by category T Statement in the year the expenditure is incurred, as has previously been the approach. Sale of vehicles 1,531.9 1,291.5 G G The impact of this adjustment is that as at 1 January 2022 and 31 December 2022, £49.0m of deferred income has been recognised on the balance sheet OSale of parts 80.0 70.8 O split between current £14.9m and non-current £34.1m Trade and Other Payables with a corresponding adjustment to retained earnings. There is no VEServicing of vehicles 9.8 9.3 VE R R adjustment to the Consolidated Income Statement for the year ended 31 December 2022 as the impact of the adjustment is not material to that individual NANBrands and motorsport 11.1 9.9 NAN year. There is no change to the Consolidated Statement of Cash Flows as, whilst the accounting impact of the claim is deferred, there is no change to the 1,632.8 1,381.5 C C timing of the cash receipt. No change in the corporation tax position is recognised for the year ended 31 December 2022 in either the Consolidated Income E E Statement or Consolidated Statement of Financial Position, as the recoverability assessment of the Group’s deferred tax position has not been materially changed by this restatement. As there is no adjustment to the Consolidated Income Statement and no change in the income tax position, there is no impact 2023 2022 Revenue £m £m F F on earnings per share. I I NAN Analysis by geographical location NAN United Kingdom 309.9 366.0 Where the notes included in these Consolidated Financial Statements provide additional analysis in respect of amounts impacted by the above restatement, C C IAL 1 IAL the comparative values presented have been re-analysed on a consistent basis. The following tables detail the impact on the Consolidated Statement of The Americas 452.8 401.8 S 2 S Financial Position as at 31 December 2022 and 2021, respectively. Rest of Europe, Middle East and Africa 547.0 260.2 T 3 T A Asia Pacific 323.1 353.5 A T T As previously reported Adjustment Restated balance E E 31 December 2022 31 December 2022 M 1,632.8 1,381.5 M E E Liabilities £m £m £m N1. Within The Americas geographical segment, material revenue of £409.9m (2022: £363.9m) is generated in the United States of America N T T S 2. Within Rest of Europe, Middle East and Africa geographical segment, material revenue of £167.4m (2022: £87.5m) is generated in Germany S Non-current liabilities Trade and other payables 9.1 34.1 43.2 3. Within Asia Pacific geographical segment, material revenue of £91.8m (2022: £205.1m) is generated in China and £134.5m (2022: £68.9m) is generated in Japan F F Non-current assets other than financial instruments and deferred tax assets by geographical location U U R R Current liabilities T Right-of-use Property, plant, Intangible Other T H 1 H lease asset equipment Goodwill assets receivables Total E E Trade and other payables 876.3 14.9 891.2 R As at 31 December 2023 £m £m £m £m £m £m R INF INF United Kingdom 59.0 269.0 85.4 1,160.3 – 1,575.2 Capital and reserves OR The Americas 6.3 6.8 – 188.5 3.3 204.9 OR Retained Earnings (1,184.9) (49.0) (1,233.9) M Rest of Europe 1.7 77.6 – 143.4 2.0 223.2 M A A T Asia Pacific 3.4 0.3 – – – 3.7 T I I ON 70.4 353.7 85.4 1,492.2 5.3 2,007.0 ON As previously reported Adjustment Restated balance 1 January 2022 1 January 2022 1. Within Intangible assets located in Europe, £143.4m is located in Germany. Within Intangible assets located in the Americas, £188.5m is located in the United States of America. These assets Liabilities £m £m £m relate to the technology sharing agreements with Mercedes Benz AG and Lucid Group, Inc. respectively. Non-current liabilities Trade and other payables 9.8 34.1 43.9 Right-of-use Property, plant, Intangible Other 1 lease asset equipment Goodwill Assets receivables Total As at 31 December 2022 £m £m £m £m £m £m Current liabilities United Kingdom 60.7 301.6 85.4 1,155.8 – 1,603.5 Trade and other payables 721.0 14.9 735.9 The Americas 8.3 4.0 – – 4.3 16.6 Rest of Europe 0.1 64.3 – 153.4 2.0 219.8 Capital and reserves Asia Pacific 5.3 – – – – 5.3 Retained Earnings (662.4) (49.0) (711.4) 74.4 369.9 85.4 1,309.2 6.3 1,845.2 1. Within Intangible assets located in Europe, £153.4m is located in Germany. This asset relates to the technology sharing agreements with Mercedes Benz AG. ASTON MARTIN LAGONDA ANNUAL REPORT AND ACCOUNTS 2023 157