NuCana plc
For the period ended Dec 31, 2023. Filed Mar 20, 2024.
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The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.
FY2023 · Filed Mar 20, 2024
Contents
Selected Financial Data
The following tables summarize our consolidated financial data as of the dates and for the periods indicated. The consolidated financial data as of and for the years ended December 31, 2023, 2022, 2021, 2020 and 2019 have been derived from our consolidated financial statements, which have been prepared in accordance with IFRS, as issued by the IASB, and audited in accordance with the standards of the Public Company Accounting Oversight Board (United States).
Our historical results are not necessarily indicative of the results that may be expected in the future. The following selected consolidated financial data should be read in conjunction with Item 5, “Operating and Financial Review and Prospects” and our consolidated financial statements included elsewhere in this Annual Report.
| Year Ended December 31, | |||||
|---|---|---|---|---|---|
| 2023 | 2022 | 2021 | 2020 | 2019 | |
| (in thousands, except per share data) | |||||
| Consolidated statement of operations and comprehensive loss data: | |||||
| Research and development expenses | £(25,062) | £(36,426) | £(36,834) | £(25,899) | £(19,728) |
| Administrative expenses | (6,063) | (7,291) | (8,529) | (7,050) | (5,953) |
| Impairment of intangible assets | (503) | (292) | (2,809) | — | — |
| Net foreign exchange (losses) gains | (1,156) | 4,887 | 267 | (3,472) | (1,019) |
| Operating loss | (32,784) | (39,122) | (47,905) | (36,421) | (26,700) |
| Finance income | 754 | 669 | 103 | 246 | 1,049 |
| Loss before tax | (32,030) | (38,453) | (47,802) | (36,175) | (25,651) |
| Income tax credit | 4,398 | 6,432 | 7,269 | 5,493 | 4,239 |
| Loss for the year | (27,632) | (32,021) | (40,533) | (30,682) | (21,412) |
| Other comprehensive (expense) income: | |||||
| Items that may be reclassified subsequently to profit or loss: | |||||
| Exchange differences on translation of foreign operations | (41) | 61 | 5 | (12) | (11) |
| Total comprehensive loss for the year | £(27,673) | £(31,960) | £(40,528) | £(30,694) | £(21,423) |
| Basic and diluted loss per share | £(0.53) | £(0.61) | £(0.78) | £(0.81) | £(0.66) |
| As of December 31, | |||||
|---|---|---|---|---|---|
| 2023 | 2022 | 2021 | 2020 | 2019 | |
| (in thousands) | |||||
| Consolidated statement of financial position data: | |||||
| Cash and cash equivalents | £17,225 | £41,912 | £60,264 | £87,356 | £51,962 |
| Total assets | 27,811 | 58,254 | 77,474 | 107,792 | 70,268 |
| Share capital | 2,114 | 2,095 | 2,087 | 2,047 | 1,299 |
| Share premium | 141,306 | 141,108 | 141,050 | 140,890 | 79,541 |
| Accumulated deficit | (207,706) | (180,573) | (149,726) | (110,594) | (80,055) |
| Capital reserve (1) | 42,466 | 42,466 | 42,466 | 42,466 | 42,466 |
| Net assets/Total equity attributable to equity holders of the Company | 14,887 | 38,502 | 65,548 | 99,230 | 63,522 |
| Total liabilities | (12,924) | (19,752) | (11,926) | (8,562) | (6,746) |
| Number of shares | 52,860 | 52,373 | 52,180 | 51,175 | 32,479 |
(1)
The capital reserve balance arose from the impact of the reduction of our share premium account and corresponding increase to our capital reserve account reflected as of June 30, 2017 in connection with our re-registration as a public limited company, as further described in Note 13 to the consolidated financial statements.
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