Page 76 - Learn Africa 2021 Annual Report

Learn Africa Plc
Notes to the Financial Statements (cont’d)

For the year ended 31 March 2021

The amendments are not expected to have a material impact on the Company.

IAS 41 Agriculture – Taxation in fair value measurements
As part of its 2018-2020 annual improvements to IFRS standards process the IASB issued
amendment to IAS 41 Agriculture. The amendment removes the requirement in paragraph
22 of IAS 41 that entities exclude cash flows for taxation when measuring the fair value
of assets within the scope of IAS 41. An entity applies the amendment prospectively to
fair value measurements on or after the beginning of the first annual reporting period
beginning on or after 1 January 2022 with earlier adoption permitted.

The amendments are not expected to have a material impact on the Company.

4 Revenue from contracts with customers

4.1 Disaggregated revenue information
Set out below is the disaggregation of the Company’s revenue from contracts with
customers:

31 March 2021 Open market Corporate Total
Segments $’000 $’000 $’000
Sale of titles 1,335,158 1,054,842 2,390,000
Total revenue from contracts with customers 1,335,158 1,054,842 2,390,000

Geographical markets
Head office - 1,054,842 1,054,842
Northern zone 416,401 - 416,401
Eastern zone 334,414 - 334,414
Western zone 584,343 - 584,343
Total revenue from contracts with customers 1,335,158 1,054,842 2,390,000

Timing or revenue recognition
Goods transferred at a point in time 1,335,158 - 1,335,158
Goods transferred over time - 1,054,842 1,054,842
Total revenue from contracts with customers 1,335,158 1,054,842 2,390,000

76