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  },
  "fact-169": {
   "value": "BASIS OF<span class=\"_ _2\"></span> PREP<span class=\"_ _6\"></span>ARA<span class=\"_ _6\"></span>TION<span class=\"_ _208\"> </span>These financial statements have been prepar<span class=\"_ _6\"></span>ed in accordance with the UK-adopted International Accounting Standards (\u2018IFRS\u2019), applicable legal and regulatory r<span class=\"_ _6\"></span>equirements of Guernsey<span class=\"_ _6\"></span>, and the Listing Rules of the UK Listing Authority<span class=\"_ _1\"></span>. These financial statements follow the historical cost basis, except for financial assets held at fair value through pr<span class=\"_ _6\"></span>ofit or loss and derivatives that have been measured at fair value. The principal accounting policies adopted are set out in r<span class=\"_ _6\"></span>elevant notes to the financial statements. The Directors have determined that International Public Partnerships Limited is an investment entity as defined by IFRS 10 on the basis that<span class=\"_ gs66\"> </span>the Company:<span class=\"_ _208\"> </span>a) <span class=\"_ _7\"> </span>Obtains funds from one or more investor(s) for the purpose of pr<span class=\"_ _6\"></span>oviding those investor(s) with investment management services;<span class=\"_ _208\"> </span>b) <span class=\"_ _14\"> </span> <span class=\"_ _24\"></span>Commits to its investors that its business purpose is to invest funds solely for returns from capital appreciation, investment income,<span class=\"_ _208\"> </span>or<span class=\"_ gs66\"> </span>both; and<span class=\"_ _208\"> </span>c) <span class=\"_ _7\"> </span>Measures and evaluates the performance of substantially all of its investments on a fair value basis.<span class=\"_ _208\"> </span>Accordingly<span class=\"_ _3\"></span>, these financial statements consolidate only those subsidiaries that provide services relevant to its investment activities, such<span class=\"_ gs66\"> </span>as<span class=\"_ gs66\"> </span>management services, strategic advice and financial support to its investees, and that are not themselves investment entities. Subsidiaries that do not provide investment-r<span class=\"_ _6\"></span>elated services are required to be measur<span class=\"_ _6\"></span>ed at fair value through profit or loss in accor<span class=\"_ _2\"></span>dance with IFRS 9 Financial Instruments.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-190": {
   "value": "These financial statements have been prepar<span class=\"_ _6\"></span>ed in accordance with the UK-adopted International Accounting Standards (\u2018IFRS\u2019), applicable legal and regulatory r<span class=\"_ _6\"></span>equirements of Guernsey<span class=\"_ _6\"></span>, and the Listing Rules of the UK Listing Authority<span class=\"_ _1\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-170": {
   "value": "<div class=\"t m1 h2 ff1 fs0 fc1 sc0 ls1b ws1b gs6b\">GOING CONCERN<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs6c\">The Directors have r<span class=\"_ _6\"></span>eviewed cash flow forecasts prepared by management. Based on those for<span class=\"_ _6\"></span>ecasts, consideration of the Group\u2019<span class=\"_ _3\"></span>s </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs6d\">operating costs and obligations as well as capital commitments, and an assessment of the Group\u2019<span class=\"_ _3\"></span>s committed banking facilities, it has </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs6e\">been considered appr<span class=\"_ _6\"></span>opriate to prepare these consolidated financial statements of the Group on a going concern basis. In arriving at their </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs6f\">conclusion that the Group has adequate financial r<span class=\"_ _6\"></span>esources, the Directors were mindful that the Gr<span class=\"_ _6\"></span>oup had unrestricted cash of \u00a376.5m as </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs70\">at 31 December 2024. The Company continues to fully cover operating costs and distributions from underlying cash flows fr<span class=\"_ _6\"></span>om investments. </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs71\">The Company has access to a CDF of \u00a3250m on a fully committed basis, and a flexible \u2018accordion\u2019 component which, subject to lender </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs72\">consent, allows for a future extension by an additional \u00a350m. At the date of this Report, the CDF r<span class=\"_ _6\"></span>emains undrawn with \u00a313.5m committed </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs73\">by letters of credit. A \u00a320m portion of the facility is available to be utilised for working capital purposes. The facility is for<span class=\"_ _6\"></span>ecast to continue in </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs74\">full compliance with the associated banking covenants. The facility is available for investment in new and existing assets. The current CDF </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs75\">remains in place until June 2025, after which a r<span class=\"_ _6\"></span>enewed facility will take effect. The new facility is expected to have broadly the same terms </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs76\">and structure as the curr<span class=\"_ _6\"></span>ent facility<span class=\"_ _6\"></span>.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-167": {
   "value": "<div class=\"t m1 h2 ff1 fs0 fc1 sc0 ls1b ws1b gs78\">AC<span class=\"_ _2\"></span>COUNTING<span class=\"_ _2\"></span> POLICIES<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs79\">The same accounting policies, presentation and methods of computation ar<span class=\"_ _6\"></span>e followed in this set of financial statements as applied in the </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs7a\">previous financial year<span class=\"_ _3\"></span>. The new and revised IFRS and interpretations becoming ef<span class=\"_ _2\"></span>fective in the period have had no material impact on the </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs7b\">accounting policies of the Group. Note 20 sets out a compr<span class=\"_ _6\"></span>ehensive listing of all new standards applicable from 1 January 2024.<span class=\"_ _208\"> </span></div><div class=\"t m1 h2 ff1 fs0 fc3 sc0 ls1b ws1b gs96\">4. <span class=\"_ _119\"> </span>INVESTMENT INCOME<span class=\"_ _208\"> </span></div><div class=\"t m1 h2 ff1 fs0 fc1 sc0 ls1b ws1b gs97\">AC<span class=\"_ _2\"></span>COUNTING<span class=\"_ _2\"></span> POLIC<span class=\"_ _6\"></span>Y<span class=\"_ _208\"> </span></div><div class=\"t m1 h2 ff1 fs0 fc0 sc0 ls13 ws14 gs98\">Interest income<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs99\">Interest income is r<span class=\"_ _6\"></span>ecognised when it is probable that the economic benefits will flow to the Group and the amount of income can </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs9a\">be<span class=\"_ gs66\"> </span>measured r<span class=\"_ _6\"></span>eliably<span class=\"_ _6\"></span>. Interest income is accrued on a time-apportioned basis and is r<span class=\"_ _2\"></span>ecognised gross of withholding tax, if any<span class=\"_ _3\"></span>. </div><div class=\"t m1 h2 ff1 fs0 fc0 sc0 ls13 ws14 gs9b\">Dividend income<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs9c\">Dividend income is recognised gr<span class=\"_ _6\"></span>oss of withholding tax on the date the Company\u2019<span class=\"_ _1\"></span>s right to receive the dividend income is established. </div><div class=\"t m1 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs9d\">Ne<span class=\"_ _4\"></span>t cha<span class=\"_ _4\"></span>ng<span class=\"_ _4\"></span>e in in<span class=\"_ _4\"></span>vest<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s at fa<span class=\"_ _4\"></span>ir va<span class=\"_ _4\"></span>lue t<span class=\"_ _4\"></span>hr<span class=\"_ _4\"></span>ou<span class=\"_ _4\"></span>gh pr<span class=\"_ _4\"></span>ofit o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs9e\">Net change in investments at fair value through pr<span class=\"_ _6\"></span>ofit or loss represents unrealised fair value changes.<span class=\"_ _208\"> </span></div><div class=\"t m1 h2 ff1 fs0 fc3 sc0 ls0 ws0 gsa9\">8<span class=\"_ _4\"></span>. <span class=\"_ _119\"> </span>FIN<span class=\"_ _4\"></span>AN<span class=\"_ _4\"></span>CE COS<span class=\"_ _4\"></span>TS AN<span class=\"_ _4\"></span>D BAN<span class=\"_ _4\"></span>K LOANS<span class=\"_ _208\"> </span></div><div class=\"t m1 h2 ff1 fs0 fc1 sc0 ls1b ws1b gsaa\">AC<span class=\"_ _2\"></span>COUNTING<span class=\"_ _2\"></span> POLIC<span class=\"_ _6\"></span>Y<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsab\">Interest bearing loans and over<span class=\"_ _6\"></span>drafts are initially recorded as the pr<span class=\"_ _6\"></span>oceeds received net of any directly attributable issue costs. Subsequent </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsac\">measurement is at amortised cost, with borr<span class=\"_ _6\"></span>owing costs recognised in the Consolidated Statement of Comprehensive Income in the year in </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsad\">which they are incurr<span class=\"_ _6\"></span>ed, using the effective interest rate method. Arrangement fees are amortised over the term of the CDF<span class=\"_ _3\"></span>.<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsae\">Finance costs for the year were \u00a34.0m (December 2023: \u00a37.3m). The Gr<span class=\"_ _6\"></span>oup has a CDF with \u00a3250m available on a fully committed basis, </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsaf\">with a flexible \u2018accordion\u2019 component which will, subject to lender appr<span class=\"_ _6\"></span>oval, allow for a future extension by an additional \u00a350m. The interest </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsb0\">rate margin on the CDF in the year was 170 basis points over SONIA. The current CDF r<span class=\"_ _6\"></span>emains in place until June 2025, after which a </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsb1\">renewed facility will take ef<span class=\"_ _6\"></span>fect. The new facility is expected to have broadly the same terms and structure as the current facility<span class=\"_ _3\"></span>, with no </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsb2\">repayments due ahead of maturity<span class=\"_ _3\"></span>, and is secured over the assets of the Group. The curr<span class=\"_ _2\"></span>ent banking group for the facility consists of </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsb3\">National Australia Bank, the Royal Bank of Scotland International, Sumitomo Mitsui Banking Corporation and Barclays Bank. From June </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsb4\">2025, the banking group will consist of Internationale Nederlanden Groep, National Australia Bank, the Royal Bank of Scotland International, </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsb5\">and Barclays Bank. As at December 2024 the facility was undrawn (December 2023: \u00a365.0m cash drawn), with \u00a313.5m committed under </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsb6\">letter of credit (December 2023: \u00a316.4m drawn under letter of cr<span class=\"_ _6\"></span>edit). The uncommitted balance of the facility which was not cash drawn or </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsb7\">notionally drawn via letters of credit, was c.\u00a3236.5m (December 2023: \u00a3268.6m).<span class=\"_ _208\"> </span></div><div class=\"t m1 h2 ff1 fs0 fc3 sc0 ls0 ws0 gsb9\">9. <span class=\"_ _12f\"> </span>T<span class=\"_ _1\"></span>A<span class=\"_ _5\"></span>X CHA<span class=\"_ _4\"></span>RGE<span class=\"_ _208\"> </span></div><div class=\"t m1 h2 ff1 fs0 fc1 sc0 ls1b ws1b gsba\">AC<span class=\"_ _2\"></span>COUNTING<span class=\"_ _2\"></span> POLIC<span class=\"_ _6\"></span>Y<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsbb\">Current tax is based on taxable pr<span class=\"_ _6\"></span>ofit for the year<span class=\"_ _6\"></span>. T<span class=\"_ _3\"></span>axable profit differs fr<span class=\"_ _2\"></span>om net profit as r<span class=\"_ _2\"></span>eported in the Consolidated Statement of </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsbc\">Comprehensive Income as it excludes items of income or expense that ar<span class=\"_ _6\"></span>e taxable or deductible in past or future years and it further </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsbd\">excludes items that are never taxable or deductible. The Gr<span class=\"_ _6\"></span>oup\u2019<span class=\"_ _1\"></span>s asset/liability for current tax is calculated using tax rates that have been </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsbe\">enacted or substantively enacted at the balance sheet date. The current tax charge/cr<span class=\"_ _6\"></span>edit in the Consolidated Statement of Comprehensive </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsbf\">Income is recognised net of r<span class=\"_ _6\"></span>eceivables recognised for losses surrendered to unconsolidated subsidiary entities. </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsc0\">Under the current system of taxation in Guernsey<span class=\"_ _1\"></span>, the Company itself is exempt from paying taxes on income, pr<span class=\"_ _2\"></span>ofits or capital gains. </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls2e ws0 gsc1\">Dividend income and interest income r<span class=\"_ _6\"></span>eceived by the Group may be subject to withholding tax imposed in the country of origin of such income.<span class=\"_ _208\"> </span></div><div class=\"t m1 h2 ff1 fs0 fc1 sc0 ls1b ws1b gsd0\">AC<span class=\"_ _2\"></span>COUNTING<span class=\"_ _2\"></span> POLIC<span class=\"_ _6\"></span>Y<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsd1\">The Group classifies its financial assets as at fair value thr<span class=\"_ _6\"></span>ough profit or loss or as financial assets at amortised cost. The classification </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsd2\">depends on the purpose for which the financial assets were acquir<span class=\"_ _6\"></span>ed, with investments in unconsolidated subsidiaries (other than those </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsd3\">providing investment-r<span class=\"_ _6\"></span>elated services) being at fair value through profit or loss as requir<span class=\"_ _6\"></span>ed by IFRS 10. </div><div class=\"t m1 h2 ff1 fs0 fc0 sc0 ls0 ws0 gsd4\">Inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nts a<span class=\"_ _4\"></span>t fa<span class=\"_ _4\"></span>ir val<span class=\"_ _4\"></span>ue t<span class=\"_ _4\"></span>hr<span class=\"_ _4\"></span>oug<span class=\"_ _4\"></span>h pr<span class=\"_ _4\"></span>ofit o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsd5\">Investments in underlying unconsolidated subsidiaries and other non-controlled investments ar<span class=\"_ _6\"></span>e held in a portfolio, the business model of </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsd6\">which is to manage them on a fair value basis. The Group\u2019<span class=\"_ _3\"></span>s policy is to fair value both the equity and debt investments in underlying assets </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsd7\">together<span class=\"_ _1\"></span>. All transaction costs relating to the acquisition of new investments ar<span class=\"_ _2\"></span>e recognised dir<span class=\"_ _6\"></span>ectly in profit or loss. Subsequent to initial </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsd8\">recognition, equity and debt investments ar<span class=\"_ _6\"></span>e measured at fair value with changes in fair value recognised within total investment income in </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsd9\">the Consolidated Statement of Comprehensive Income.<span class=\"_ _208\"> </span></div><div class=\"t m1 h2 ff1 fs0 fc0 sc0 ls0 ws0 gsdb\">T<span class=\"_ _6\"></span>r<span class=\"_ _4\"></span>ade a<span class=\"_ _4\"></span>nd o<span class=\"_ _4\"></span>th<span class=\"_ _4\"></span>er re<span class=\"_ _4\"></span>ce<span class=\"_ _4\"></span>ivab<span class=\"_ _4\"></span>le<span class=\"_ _4\"></span>s </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsdc\">T<span class=\"_ _1\"></span>rade and other receivables that meet the contracted cash flow test as sole payments of principal and inter<span class=\"_ _2\"></span>est and which are held in a </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsdd\">business model to receive these contractual cash flows ar<span class=\"_ _6\"></span>e classified as trade and other receivables. Financial assets with maturities less </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsde\">than 12 months are included in curr<span class=\"_ _6\"></span>ent assets, financial assets with maturities greater than 12 months after the balance sheet date are </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsdf\">classified as non-current assets.<span class=\"_ _208\"> </span></div><div class=\"t m1 h2 ff1 fs0 fc0 sc0 ls8 ws9 gse0\">Cash and<span class=\"_ _6\"></span> cash equivalents<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gse1\">Cash and cash equivalents comprise cash on hand and demand deposits and other short-term highly liquid investments with an original </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gse2\">maturity of three months or less that ar<span class=\"_ _6\"></span>e readily convertible to a known amount of cash and are subject to an insignificant risk of changes </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gse3\">in<span class=\"_ gs66\"> </span>value.<span class=\"_ _208\"> </span></div><div class=\"t m1 h2 ff1 fs0 fc0 sc0 ls8 ws9 gse4\">Derivative<span class=\"_ _6\"></span> financial instruments<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gse5\">Derivatives are classified as financial assets and liabilities at fair value thr<span class=\"_ _6\"></span>ough profit or loss, held for trading. Derivatives are recognised </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gse6\">initially<span class=\"_ _1\"></span>, and are subsequently r<span class=\"_ _2\"></span>emeasured, at fair value. Derivatives ar<span class=\"_ _2\"></span>e shown as assets when their fair value is positive or as liabilities when </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gse7\">their fair value is negative. Fair value movements on derivative financial instruments held for trading are r<span class=\"_ _6\"></span>ecognised in the Consolidated </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gse8\">Statement of Comprehensive Income.<span class=\"_ _208\"> </span></div><div class=\"t m1 h2 ff1 fs0 fc0 sc0 ls8 ws9 gse9\">Impairment o<span class=\"_ _2\"></span>f financial<span class=\"_ _6\"></span> assets<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsea\">Financial assets, other than those classified at fair value through pr<span class=\"_ _6\"></span>ofit or loss, being trade and other receivables adopt a simplified approach </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gseb\">to calculate any expected credit losses. </div><div class=\"t m1 h2 ff1 fs0 fc1 sc0 ls1b ws1b gsed\">AC<span class=\"_ _2\"></span>COUNTING<span class=\"_ _2\"></span> POLIC<span class=\"_ _6\"></span>Y<span class=\"_ _208\"> </span></div><div class=\"t m1 h2 ff1 fs0 fc0 sc0 ls8 ws9 gsee\">Financial<span class=\"_ _2\"></span> liabilities<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsef\">Financial liabilities, other than those specifically accounted for under a separate policy<span class=\"_ _1\"></span>, are measur<span class=\"_ _2\"></span>ed at amortised cost and stated based on </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsf0\">the amounts which are consider<span class=\"_ _6\"></span>ed to be payable in respect of goods or services received up to the financial reporting date. The accounting </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsf1\">policy for bank loans is included earlier in note 8.<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsf2\">The carrying value of financial assets and liabilities held at amortised cost is considered to appr<span class=\"_ _6\"></span>oximate their fair value.<span class=\"_ _208\"> </span></div><div class=\"t m1 h2 ff1 fs0 fc1 sc0 ls0 ws0 gs1e3\">NE<span class=\"_ _4\"></span>W ST<span class=\"_ _6\"></span>A<span class=\"_ _4\"></span>NDAR<span class=\"_ _4\"></span>DS THAT THE GR<span class=\"_ _4\"></span>OUP H<span class=\"_ _4\"></span>AS APPL<span class=\"_ _4\"></span>IED F<span class=\"_ _4\"></span>ROM 1 JAN<span class=\"_ _4\"></span>UARY 20<span class=\"_ _4\"></span>24 </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1e4\">Standards and amendments to standar<span class=\"_ _6\"></span>ds applicable to the Group that became effective during the year are listed below<span class=\"_ _1\"></span>. These have no </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1e5\">material impact on the reported performance or financial statements of the Gr<span class=\"_ _6\"></span>oup.</div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1e6\"> <span class=\"_ _19\"></span>\u2013<span class=\"_ _13\"> </span>Amendments to IAS 7 and IFRS 7 Supplier Finance Arrangements (1 January 2024)</div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1e7\"> <span class=\"_ _19\"></span>\u2013<span class=\"_ _13\"> </span>Amendments to IAS 1 Classification of liabilities (1 January 2024)<span class=\"_ _208\"> </span></div><div class=\"t m1 h2 ff1 fs0 fc1 sc0 ls0 ws0 gs1e8\">ST<span class=\"_ _6\"></span>A<span class=\"_ _4\"></span>NDAR<span class=\"_ _4\"></span>DS IS<span class=\"_ _4\"></span>SU<span class=\"_ _4\"></span>ED BU<span class=\"_ _4\"></span>T NOT YE<span class=\"_ _4\"></span>T EFF<span class=\"_ _4\"></span>ECTI<span class=\"_ _4\"></span>VE</div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1e9\"> <span class=\"_ _19\"></span>\u2013<span class=\"_ _13\"> </span>Standards applicable to the Group which are issued but not yet ef<span class=\"_ _6\"></span>fective up to the date of issuance of the Group\u2019<span class=\"_ _3\"></span>s financial statements are </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1ea\">listed below<span class=\"_ _6\"></span>. This listing is of standards and interpretations issued, which the Gr<span class=\"_ _6\"></span>oup reasonably expects to be applicable at a future date. </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1eb\">The Group intends to adopt these standar<span class=\"_ _6\"></span>ds when they become effective, however does not currently anticipate the standards to have </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1ec\">a significant impact on the Group\u2019<span class=\"_ _3\"></span>s financial statements. Current assumptions r<span class=\"_ _2\"></span>egarding the impact of futur<span class=\"_ _2\"></span>e standards will r<span class=\"_ _6\"></span>emain under </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1ed\">consideration in light of interpretation notes as and when they ar<span class=\"_ _6\"></span>e issued.</div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1ee\"> <span class=\"_ _19\"></span>\u2013<span class=\"_ _13\"> </span>Amendments to IAS 21 Effects of Changes in Foreign Exchange Rates (1 January 2025);<span class=\"_ _208\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-171": {
   "value": "<div class=\"t m1 h2 ff1 fs0 fc3 sc0 ls0 ws0 gs7d\">2<span class=\"_ _4\"></span>. <span class=\"_ _119\"> </span>C<span class=\"_ _4\"></span>RITI<span class=\"_ _4\"></span>CAL JU<span class=\"_ _4\"></span>DGE<span class=\"_ _4\"></span>MEN<span class=\"_ _4\"></span>TS AN<span class=\"_ _4\"></span>D EST<span class=\"_ _4\"></span>IMATES<span class=\"_ _208\"> </span></div><div class=\"t m1 h2 ff1 fs0 fc1 sc0 ls17 ws18 gs7e\">INVE<span class=\"_ _4\"></span>STMENT ENTIT<span class=\"_ _4\"></span>Y </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs7f\">In the judgement of the Directors, International Public Partnerships Limited has been accounted for as an investment entity as defined </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs80\">by<span class=\"_ gs66\"> </span>IFRS 10, further details of which are given in note 1, Basis of pr<span class=\"_ _6\"></span>eparation. </div><div class=\"t m1 h2 ff1 fs0 fc1 sc0 ls0 ws0 gs81\">FAIR VALUA<span class=\"_ _6\"></span>TI<span class=\"_ _4\"></span>ON OF I<span class=\"_ _4\"></span>NVE<span class=\"_ _4\"></span>STM<span class=\"_ _4\"></span>ENT<span class=\"_ _4\"></span>S A<span class=\"_ _1\"></span>T FAI<span class=\"_ _4\"></span>R V<span class=\"_ _6\"></span>A<span class=\"_ _4\"></span>LUE TH<span class=\"_ _4\"></span>ROUG<span class=\"_ _4\"></span>H PROF<span class=\"_ _4\"></span>IT OR LOS<span class=\"_ _4\"></span>S </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs82\">Fair values are a critical estimate and ar<span class=\"_ _6\"></span>e determined using the income approach which discounts the expected cash flows at a rate </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs83\">appropriate to the risk pr<span class=\"_ _6\"></span>ofile of each investment. In determining the discount rate, relevant long-term government bond yields, specific </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs84\">investment risks and evidence of recent transactions ar<span class=\"_ _6\"></span>e considered. Details of the valuation process and key sensitivities are pr<span class=\"_ _6\"></span>ovided </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs85\">in<span class=\"_ gs66\"> </span>note 11. </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-172": {
   "value": "<div class=\"t m1 h2 ff1 fs0 fc3 sc0 ls1b ws1b gs87\">3. <span class=\"_ _119\"> </span>SEGMENT<span class=\"_ _6\"></span>AL REPORTING<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs88\">Based on a review of information pr<span class=\"_ _6\"></span>ovided to the chief operating decision makers of the Group (determined to be the Board), the Group has </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs89\">identified four reportable segments based on the geographical risk associated with the jurisdictions in which it operates. The factors used to </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs8a\">identify the Group\u2019<span class=\"_ _3\"></span>s reportable segments ar<span class=\"_ _2\"></span>e centred on the risk-fr<span class=\"_ _2\"></span>ee rates and the maturity of the infrastructure sector within each r<span class=\"_ _6\"></span>egion. </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs8b\">Further<span class=\"_ _1\"></span>, foreign exchange and political risk is identified, as these also determine wher<span class=\"_ _2\"></span>e resour<span class=\"_ _6\"></span>ces are allocated. The four reportable segments </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs8c\">are UK &amp; CI, Eur<span class=\"_ _6\"></span>ope (excl. UK), North America and Australia &amp; New Zealand.<span class=\"_ _208\"> </span></div><div class=\"gs8d\"><table class=\"s we0 ha5\" id=\"_18d1d68d-daf9-4bc2-a9f7-89ba663abd5d\"><tr><td></td><td></td><td></td><td class=\"t m1 x25a h2b y1faf ff1 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended 31 December 2024<span class=\"_ _208\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m1 x1e8 h2b y1fb0 ff1 fsd fc0 sc0 ls0 ws0\">Europe  </td><td class=\"t m1 x25b h2b y1fb1 ff1 fsd fc0 sc0 ls0 ws0\">North  </td><td class=\"t m1 x25c h2b y1fb2 ff1 fsd fc0 sc0 ls0 ws0\">Australia &amp; </td><td></td></tr><tr><td></td><td class=\"t m1 x25d h2b y1fb3 ff1 fsd fc0 sc0 ls0 ws0\">UK &amp; CI </td><td class=\"t m1 x25e h2b y1fb4 ff1 fsd fc0 sc0 ls0 ws0\">(excl. UK)  </td><td class=\"t m1 x25f h2b y1fb5 ff1 fsd fc0 sc0 ls0 ws0\">America  </td><td class=\"t m1 x260 h2b y1fb6 ff1 fsd fc0 sc0 ls0 ws0\">New<span class=\"_ gs8e\"> </span>Zealand </td><td class=\"t m1 x1ca h2b y1fb6 ff1 fsd fc0 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>otal </td></tr><tr><td></td><td class=\"t m1 x261 h2b y1fb7 ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x262 h2b y1fb8 ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x263 h2b y1fb9 ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x264 h2b y1fba ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x1cf h2b y1fba ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"t m1 x1d4 h2 y1fbb ff1 fs0 fc0 sc0 ls0 ws0\">Segmental results<span class=\"_ _208\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y1fbc we1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Dividend and interest income<span class=\"_ _208\"> </span></div></td><td class=\"c n x265 y1fbc we2 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls130 ws12e\">1<span class=\"_ _6\"></span>58,589<span class=\"_ _208\"> </span></div></td><td class=\"c n x266 y1fbc we3 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls117 ws10f\">11<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td><td class=\"c n x267 y1fbc we4 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsff wsf2\">9,672<span class=\"_ _208\"> </span></div></td><td class=\"c n x268 y1fbc we5 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls12c ws12a\">22<span class=\"_ _4\"></span>,582<span class=\"_ _208\"> </span></div></td><td class=\"c n x269 y1fbc we6 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls131 ws12f\">2<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>41<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1fbd we7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Fair value (loss) / gain on investments<span class=\"_ _208\"> </span></div></td><td class=\"c n x26a y1fbd we8 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa3 wsa4\">(<span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>)<span class=\"_ _208\"> </span></div></td><td class=\"c n x26b y1fbd we9 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls113 wsf7\">10,025<span class=\"_ _208\"> </span></div></td><td class=\"c n x26c y1fbd wea h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls25 ws24\">(8<span class=\"_ _4\"></span>,7<span class=\"_ _4\"></span>88<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td><td class=\"c n x26d y1fbd w49 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls25 ws24\">(<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>8,7<span class=\"_ _4\"></span>63<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td><td class=\"c n x26e y1fbd w3e h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls49 ws46\">(16<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>,8<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1fbe web h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal investment income / (loss)<span class=\"_ _208\"> </span></div></td><td class=\"c n x26f y1fbe wec h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa5 wsa6\">21,<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _208\"> </span></div></td><td class=\"c n x270 y1fbe wec h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa5 wsa6\">21,<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>3<span class=\"_ _208\"> </span></div></td><td class=\"c n x271 y1fbe wed h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls132 ws130\">884<span class=\"_ _208\"> </span></div></td><td class=\"c n x272 y1fbe wee h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls117 ws10f\">(<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,18<span class=\"_ _5\"></span>1)<span class=\"_ _208\"> </span></div></td><td class=\"c n x273 y1fbe wef h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa3 wsa4\">3<span class=\"_ _5\"></span>7,1<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>9<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c x19b y1f44 wf0 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">Reporting segment (loss) /profit</div><div class=\"t m1 x274 h11 y1fbf ff1 fsc fc0 sc0 ls0 ws0\">1<span class=\"_ _208\"> </span></div></td><td class=\"c n x275 y1fc0 wf1 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls39 ws36\">(1<span class=\"_ _6\"></span>9,<span class=\"_ _4\"></span>373)<span class=\"_ _208\"> </span></div></td><td class=\"c n x276 y1fc0 wf2 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls69 ws65\">2<span class=\"_ _4\"></span>2,398<span class=\"_ _208\"> </span></div></td><td class=\"c n x277 y1fc0 wf3 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls3 ws4\">2<span class=\"_ _4\"></span>,220<span class=\"_ _208\"> </span></div></td><td class=\"c n x278 y1fc0 wf4 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls25 ws24\">(4,7<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>0)<span class=\"_ _208\"> </span></div></td><td class=\"c n x279 y1fc0 w61 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls112 ws10b\">465<span class=\"_ _208\"> </span></div></td></tr></table></div><div class=\"gs8f\"><table class=\"s wf5 ha6\" id=\"_9b622ae7-94dd-4c7e-aa0a-bc13f9be0b4c\"><tr><td></td><td></td><td></td><td></td><td class=\"t m1 x1cd h2b y1fc1 ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m1 x1e8 h2b y1fc2 ff1 fsd fc0 sc0 ls0 ws0\">Europe  </td><td class=\"t m1 x25b h2b y1fc3 ff1 fsd fc0 sc0 ls0 ws0\">North  </td><td class=\"t m1 x25c h2b y1fc4 ff1 fsd fc0 sc0 ls0 ws0\">Australia &amp; </td><td></td></tr><tr><td></td><td class=\"t m1 x25d h2b y1fc5 ff1 fsd fc0 sc0 ls0 ws0\">UK &amp; CI </td><td></td><td class=\"t m1 x25e h2b y1fc6 ff1 fsd fc0 sc0 ls0 ws0\">(excl. UK)  </td><td class=\"t m1 x25f h2b y1fc7 ff1 fsd fc0 sc0 ls0 ws0\">America  </td><td class=\"t m1 x260 h2b y1fc8 ff1 fsd fc0 sc0 ls0 ws0\">New<span class=\"_ gs8e\"> </span>Zealand </td><td class=\"t m1 x1ca h2b y1fc8 ff1 fsd fc0 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>otal </td></tr><tr><td></td><td class=\"t m1 x261 h2b y1fc9 ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td></td><td class=\"t m1 x262 h2b y1fca ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x263 h2b y1fcb ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x264 h2b y1fcc ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x1cf h2b y1fcc ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"t m1 x1d4 h2 y1fcd ff1 fs0 fc0 sc0 ls0 ws0\">Segmental financial position<span class=\"_ _208\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y1fce wf6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Investments at fair value<span class=\"_ _208\"> </span></div></td><td class=\"c n x27a y1fce wf7 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa5 wsa6\">1,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x27b y1fce wf8 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa3 wsa4\">3<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>6<span class=\"_ _5\"> </span>0<span class=\"_ _5\"> </span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x27c y1fce wf9 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls6a ws66\">10<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>,3<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _208\"> </span></div></td><td class=\"c n x27d y1fce wfa h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls121 ws11a\">256,85<span class=\"_ _4\"></span>3<span class=\"_ _208\"> </span></div></td><td class=\"c n x27e y1fce w83 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls113 wsf7\">2<span class=\"_ _4\"></span>,593<span class=\"_ _4\"></span>,056<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1fbc wfb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Current assets<span class=\"_ _208\"> </span></div></td><td class=\"c n x27f y1fbc wfc h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls6 ws7\">13<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>49<span class=\"_ _5\"></span>0<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x280 y1fbc w6d h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td><td class=\"c n x281 y1fbc w6d h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td><td class=\"c n x282 y1fbc wfd h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td><td class=\"c n x283 y1fbc wfc h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls6 ws7\">13<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>49<span class=\"_ _5\"></span>0<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1fae w90 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal assets<span class=\"_ _208\"> </span></div></td><td class=\"c n x284 y1fae wfe h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 lsa3 wsa4\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>17,<span class=\"_ _4\"></span>7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>8<span class=\"_ _208\"> </span></div></td><td class=\"c n x285 y1fae wff h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 lsa3 wsa4\">3<span class=\"_ _208\"> </span></div></td><td class=\"c n x286 y1fae w100 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 lsa3 wsa4\">4<span class=\"_ _4\"></span>7,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x287 y1fae wf9 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls6a ws66\">10<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>,3<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _208\"> </span></div></td><td class=\"c n x288 y1fae w101 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls121 ws11a\">256,8<span class=\"_ _4\"></span>53<span class=\"_ _208\"> </span></div></td><td class=\"c n x289 y1fae w102 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls118 ws110\">2,7<span class=\"_ _6\"></span>28,546<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f54 w9c h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal liabilities<span class=\"_ _208\"> </span></div></td><td class=\"c n x28a y1f54 w103 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls10d ws105\">(<span class=\"_ _4\"></span>11,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>)<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x28b y1f54 wfd h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td><td class=\"c n x28c y1f54 w6d h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td><td class=\"c n x28d y1f54 w6d h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td><td class=\"c n x28e y1f54 w104 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls10d ws105\">(<span class=\"_ _4\"></span>11<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w9e h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">Net assets<span class=\"_ _208\"> </span></div></td><td class=\"c n x28f y1f44 w105 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls113 wsf7\">2,0<span class=\"_ _4\"></span>05,8<span class=\"_ _4\"></span>66<span class=\"_ _208\"> </span></div></td><td class=\"c n x290 y1f44 w106 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 lsa3 wsa4\">3<span class=\"_ _208\"> </span></div></td><td class=\"c n x291 y1f44 w8a h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 lsa3 wsa4\">4<span class=\"_ _4\"></span>7,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x292 y1f44 wf9 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls6a ws66\">10<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>,3<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _208\"> </span></div></td><td class=\"c n x293 y1f44 w101 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls121 ws11a\">256,8<span class=\"_ _4\"></span>53<span class=\"_ _208\"> </span></div></td><td class=\"c n x294 y1f44 w9f h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls49 ws46\">2<span class=\"_ _4\"></span>,716<span class=\"_ _4\"></span>,6<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>4<span class=\"_ _208\"> </span></div></td></tr></table></div><div class=\"gs90\"><table class=\"s w107 ha7\" id=\"_7d536fb3-f81e-4c79-90ec-0238bd6846d8\"><tr><td></td><td></td><td></td><td></td><td class=\"t m1 x295 h14 y1fcf ff4 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended 31 December 2023<span class=\"_ _208\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m1 x262 h14 y1fd0 ff4 fsd fc0 sc0 ls0 ws0\">Europe  </td><td class=\"t m1 x296 h14 y1fd1 ff4 fsd fc0 sc0 ls0 ws0\">North  </td><td class=\"t m1 x297 h14 y1fd2 ff4 fsd fc0 sc0 ls0 ws0\">Australia &amp; </td><td></td></tr><tr><td></td><td class=\"t m1 x298 h14 y1fd3 ff4 fsd fc0 sc0 ls0 ws0\">UK &amp; CI<span class=\"_ _208\"> </span></td><td></td><td class=\"t m1 x299 h14 y1fd4 ff4 fsd fc0 sc0 ls0 ws0\">(excl. UK)  </td><td class=\"t m1 x29a h14 y1fd5 ff4 fsd fc0 sc0 ls0 ws0\">America  </td><td class=\"t m1 x29b h14 y1fd6 ff4 fsd fc0 sc0 ls0 ws0\">New<span class=\"_ gs8e\"> </span>Zealand </td><td class=\"t m1 x1ec h14 y1fd6 ff4 fsd fc0 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>otal </td></tr><tr><td></td><td class=\"t m1 x261 h14 y1fd7 ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td></td><td class=\"t m1 x29c h14 y1fd8 ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x29d h14 y1fd9 ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x264 h14 y1fda ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x1cf h14 y1fda ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"t m1 x1d4 h2 y1fdb ff1 fs0 fc0 sc0 ls0 ws0\">Segmental results<span class=\"_ _208\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y1fdc we1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Dividend and interest income<span class=\"_ _208\"> </span></div></td><td class=\"c n x29e y1fdc w108 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">1<span class=\"_ _1\"></span>48,829<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x29f y1fdc w109 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">11,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>5<span class=\"_ _208\"> </span></div></td><td class=\"c n x2a0 y1fdc w10a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">11,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>9<span class=\"_ _208\"> </span></div></td><td class=\"c n x2a1 y1fdc w10b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls111 ws109\">1<span class=\"_ _4\"></span>7,<span class=\"_ _5\"></span>3<span class=\"_ _d\"> </span>6<span class=\"_ _d\"> </span>9<span class=\"_ _208\"> </span></div></td><td class=\"c n x2a2 y1fdc w10c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">1<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>2<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1fdd we7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Fair value gain / (loss) on investments<span class=\"_ _208\"> </span></div></td><td class=\"c n x2a3 y1fdd w10d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls111 ws109\">(<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _d\"> </span>)<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x2a4 y1fdd w10e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">11<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x2a5 y1fdd w10f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsf0 wse9\">(<span class=\"_ _4\"></span>18<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>013<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td><td class=\"c n x2a6 y1fdd w110 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa1 wsa2\">(<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>31)<span class=\"_ _208\"> </span></div></td><td class=\"c n x2a7 y1fdd w111 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls1b ws1b\">(<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>23<span class=\"_ _6\"></span>,080)<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f43 web h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal investment income / (loss)<span class=\"_ _208\"> </span></div></td><td class=\"c n x2a8 y1f43 w112 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa9 wsaa\">6<span class=\"_ _4\"></span>1,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x2a9 y1f43 w113 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls12e ws12c\">23,23<span class=\"_ _4\"></span>5<span class=\"_ _208\"> </span></div></td><td class=\"c n x2aa y1f43 w114 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsae wsae\">(<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td><td class=\"c n x2ab y1f43 w115 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">(<span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td><td class=\"c n x2ac y1f43 w116 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls8b ws8a\">6<span class=\"_ _4\"></span>6,072<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c x19b y1fde w117 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">Reporting segment profit / (loss)</div><div class=\"t m1 x2ad h11 y1fbf ff1 fsc fc0 sc0 ls0 ws0\">1<span class=\"_ _208\"> </span></div></td><td class=\"c n x2ae y1f44 w118 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">1<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>6<span class=\"_ _208\"> </span></div></td><td class=\"c n x2af y1f44 w119 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">0<span class=\"_ _208\"> </span></div></td><td class=\"c n x2b0 y1f44 w11a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls2b ws2a\">25,<span class=\"_ _4\"></span>04<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td><td class=\"c n x2b1 y1f44 w11b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsad wsad\">(5,60<span class=\"_ _4\"></span>3)<span class=\"_ _208\"> </span></div></td><td class=\"c n x2b2 y1f44 w11c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsae wsae\">(<span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>74<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td><td class=\"c n x2b3 y1f44 w5d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls111 ws109\">2<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>8<span class=\"_ _d\"> </span>6<span class=\"_ _5\"></span>1<span class=\"_ _208\"> </span></div></td></tr></table></div><div class=\"gs91\"><table class=\"s w11d ha8\" id=\"_c7d3cf5f-cc5d-4964-8006-7042a0b3679d\"><tr><td></td><td></td><td></td><td></td><td class=\"t m1 x2b4 h14 y1fdf ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m1 x262 h14 y1fe0 ff4 fsd fc0 sc0 ls0 ws0\">Europe  </td><td></td><td class=\"t m1 x296 h14 y1fe1 ff4 fsd fc0 sc0 ls0 ws0\">North  </td><td></td><td></td><td></td><td class=\"t m1 x297 h14 y1fe2 ff4 fsd fc0 sc0 ls0 ws0\">Australia &amp; </td><td></td></tr><tr><td></td><td class=\"t m1 x298 h14 y1fe3 ff4 fsd fc0 sc0 ls0 ws0\">UK &amp; CI<span class=\"_ _208\"> </span></td><td class=\"t m1 x299 h14 y1fe4 ff4 fsd fc0 sc0 ls0 ws0\">(excl. UK)  </td><td></td><td class=\"t m1 x29a h14 y1fe5 ff4 fsd fc0 sc0 ls0 ws0\">America  </td><td></td><td></td><td></td><td class=\"t m1 x29b h14 y1fe6 ff4 fsd fc0 sc0 ls0 ws0\">New<span class=\"_ gs8e\"> </span>Zealand </td><td class=\"t m1 x1ec h14 y1fe6 ff4 fsd fc0 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>otal </td></tr><tr><td></td><td class=\"t m1 x261 h14 y1fe7 ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x29c h14 y1fe8 ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td></td><td class=\"t m1 x29d h14 y1fe9 ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td></td><td></td><td></td><td class=\"t m1 x264 h14 y1fea ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x1cf h14 y1fea ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"t m1 x1d4 h2 y1feb ff1 fs0 fc0 sc0 ls0 ws0\">Segmental financial position<span class=\"_ _208\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y1f26 wf6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Investments at fair value<span class=\"_ _208\"> </span></div></td><td class=\"c n x2b5 y1f26 w11e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls17 ws18\">2<span class=\"_ _6\"></span>,043,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>43<span class=\"_ _208\"> </span></div></td><td class=\"c n x2b6 y1f26 w11f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa7 wsa8\">3<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>2,70<span class=\"_ _5\"></span>0<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x2b7 y1f26 w120 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls111 ws109\">1<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>2<span class=\"_ _d\"> </span>9<span class=\"_ _5\"></span>2<span class=\"_ _208\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x2b8 y1f26 w121 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">2<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>8<span class=\"_ _208\"> </span></div></td><td class=\"c n x2b9 y1f26 w122 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls7a ws74\">2<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>818<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1fec wfb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Current assets<span class=\"_ _208\"> </span></div></td><td class=\"c n x2ba y1fec w123 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls12a ws127\">17<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>2<span class=\"_ _208\"> </span></div></td><td class=\"c n x2bb y1fec w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x2bc y1fec wfd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x2bd y1fec w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td><td class=\"c n x2be y1fec w124 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls12a ws127\">17<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>2<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1fae w90 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal assets<span class=\"_ _208\"> </span></div></td><td class=\"c n x2bf y1fae w125 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls111 ws109\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _4\"></span>7,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>5<span class=\"_ _208\"> </span></div></td><td class=\"c n x2c0 y1fae w126 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa7 wsa8\">3<span class=\"_ _4\"></span>42,7<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x2c1 y1fae w127 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls111 ws109\">1<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>9<span class=\"_ _208\"> </span></div></td><td class=\"c n x2c2 y1fae w128 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls111 ws109\">2<span class=\"_ _208\"> </span></div></td><td class=\"c n x2c3 y1fae w119 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">2<span class=\"_ _208\"> </span></div></td><td class=\"c n x2c4 y1fae w119 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">8<span class=\"_ _208\"> </span></div></td><td class=\"c n x2c5 y1fae w129 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">5<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>6<span class=\"_ _208\"> </span></div></td><td class=\"c n x2c6 y1fae w119 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">8<span class=\"_ _208\"> </span></div></td><td class=\"c n x2c7 y1fae w12a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls5f ws5a\">2,9<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>2,<span class=\"_ _1\"></span>185<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f54 w9c h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal liabilities<span class=\"_ _208\"> </span></div></td><td class=\"c n x2c8 y1f54 w12b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls17 ws18\">(76<span class=\"_ _6\"></span>,04<span class=\"_ _6\"></span>7)<span class=\"_ _208\"> </span></div></td><td class=\"c n x2c9 y1f54 w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x2ca y1f54 w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x2cb y1f54 w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td><td class=\"c n x2cc y1f54 w12c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls17 ws18\">(7<span class=\"_ _6\"></span>6,04<span class=\"_ _1\"></span>7)<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w9e h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">Net assets<span class=\"_ _208\"> </span></div></td><td class=\"c n x2cd y1f44 w80 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">2<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td><td class=\"c n x2ce y1f44 w11f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa7 wsa8\">3<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>2,70<span class=\"_ _5\"></span>0<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x2cf y1f44 w12d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls111 ws109\">1<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>7,<span class=\"_ _5\"> </span>2<span class=\"_ _d\"> </span>9<span class=\"_ _5\"></span>2<span class=\"_ _208\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x2d0 y1f44 w12e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">2<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>8<span class=\"_ _208\"> </span></div></td><td class=\"c n x2d1 y1f44 w80 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">2<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>8<span class=\"_ _208\"> </span></div></td></tr></table></div><div class=\"t m1 h14 ff4 fsd fc0 sc0 ls0 ws0 gs92\">1 <span class=\"_ _11\"> </span>Re<span class=\"_ _4\"></span>por<span class=\"_ _4\"></span>tin<span class=\"_ _4\"></span>g seg<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t res<span class=\"_ _4\"></span>ults a<span class=\"_ _4\"></span>re sta<span class=\"_ _4\"></span>ted ne<span class=\"_ _4\"></span>t of ope<span class=\"_ _4\"></span>rati<span class=\"_ _4\"></span>ona<span class=\"_ _4\"></span>l cos<span class=\"_ _4\"></span>ts inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ing ma<span class=\"_ _4\"></span>nag<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt fe<span class=\"_ _4\"></span>es.<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs93\">Revenue from investments which individually r<span class=\"_ _6\"></span>epresent more than 10% of the Group\u2019<span class=\"_ _3\"></span>s interest and dividend income appr<span class=\"_ _6\"></span>oximates </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs94\">\u00a325.0m<span class=\"_ gs66\"> </span>(2023: \u00a325.1m).</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-191": {
   "value": "Based on a review of information pr<span class=\"_ _6\"></span>ovided to the chief operating decision makers of the Group (determined to be the Board), the Group has identified four reportable segments based on the geographical risk associated with the jurisdictions in which it operates. The factors used to identify the Group\u2019<span class=\"_ _3\"></span>s reportable segments ar<span class=\"_ _2\"></span>e centred on the risk-fr<span class=\"_ _2\"></span>ee rates and the maturity of the infrastructure sector within each r<span class=\"_ _6\"></span>egion. Further<span class=\"_ _1\"></span>, foreign exchange and political risk is identified, as these also determine wher<span class=\"_ _2\"></span>e resour<span class=\"_ _6\"></span>ces are allocated. The four reportable segments are UK &amp; CI, Eur<span class=\"_ _6\"></span>ope (excl. UK), North America and Australia &amp; New Zealand.<span class=\"_ _208\"> </span><table class=\"s we0 ha5\" id=\"_18d1d68d-daf9-4bc2-a9f7-89ba663abd5d\"><tr><td></td><td></td><td></td><td class=\"t m1 x25a h2b y1faf ff1 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended 31 December 2024<span class=\"_ _208\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m1 x1e8 h2b y1fb0 ff1 fsd fc0 sc0 ls0 ws0\">Europe  </td><td class=\"t m1 x25b h2b y1fb1 ff1 fsd fc0 sc0 ls0 ws0\">North  </td><td class=\"t m1 x25c h2b y1fb2 ff1 fsd fc0 sc0 ls0 ws0\">Australia &amp; </td><td></td></tr><tr><td></td><td class=\"t m1 x25d h2b y1fb3 ff1 fsd fc0 sc0 ls0 ws0\">UK &amp; CI </td><td class=\"t m1 x25e h2b y1fb4 ff1 fsd fc0 sc0 ls0 ws0\">(excl. UK)  </td><td class=\"t m1 x25f h2b y1fb5 ff1 fsd fc0 sc0 ls0 ws0\">America  </td><td class=\"t m1 x260 h2b y1fb6 ff1 fsd fc0 sc0 ls0 ws0\">New<span class=\"_ gs8e\"> </span>Zealand </td><td class=\"t m1 x1ca h2b y1fb6 ff1 fsd fc0 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>otal </td></tr><tr><td></td><td class=\"t m1 x261 h2b y1fb7 ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x262 h2b y1fb8 ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x263 h2b y1fb9 ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x264 h2b y1fba ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x1cf h2b y1fba ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"t m1 x1d4 h2 y1fbb ff1 fs0 fc0 sc0 ls0 ws0\">Segmental results<span class=\"_ _208\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y1fbc we1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Dividend and interest income<span class=\"_ _208\"> </span></div></td><td class=\"c n x265 y1fbc we2 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls130 ws12e\">1<span class=\"_ _6\"></span>58,589<span class=\"_ _208\"> </span></div></td><td class=\"c n x266 y1fbc we3 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls117 ws10f\">11<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td><td class=\"c n x267 y1fbc we4 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsff wsf2\">9,672<span class=\"_ _208\"> </span></div></td><td class=\"c n x268 y1fbc we5 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls12c ws12a\">22<span class=\"_ _4\"></span>,582<span class=\"_ _208\"> </span></div></td><td class=\"c n x269 y1fbc we6 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls131 ws12f\">2<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>41<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1fbd we7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Fair value (loss) / gain on investments<span class=\"_ _208\"> </span></div></td><td class=\"c n x26a y1fbd we8 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa3 wsa4\">(<span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>)<span class=\"_ _208\"> </span></div></td><td class=\"c n x26b y1fbd we9 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls113 wsf7\">10,025<span class=\"_ _208\"> </span></div></td><td class=\"c n x26c y1fbd wea h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls25 ws24\">(8<span class=\"_ _4\"></span>,7<span class=\"_ _4\"></span>88<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td><td class=\"c n x26d y1fbd w49 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls25 ws24\">(<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>8,7<span class=\"_ _4\"></span>63<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td><td class=\"c n x26e y1fbd w3e h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls49 ws46\">(16<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>,8<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1fbe web h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal investment income / (loss)<span class=\"_ _208\"> </span></div></td><td class=\"c n x26f y1fbe wec h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa5 wsa6\">21,<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>3<span class=\"_ _208\"> </span></div></td><td class=\"c n x270 y1fbe wec h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa5 wsa6\">21,<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>3<span class=\"_ _208\"> </span></div></td><td class=\"c n x271 y1fbe wed h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls132 ws130\">884<span class=\"_ _208\"> </span></div></td><td class=\"c n x272 y1fbe wee h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls117 ws10f\">(<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,18<span class=\"_ _5\"></span>1)<span class=\"_ _208\"> </span></div></td><td class=\"c n x273 y1fbe wef h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa3 wsa4\">3<span class=\"_ _5\"></span>7,1<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>9<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c x19b y1f44 wf0 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">Reporting segment (loss) /profit</div><div class=\"t m1 x274 h11 y1fbf ff1 fsc fc0 sc0 ls0 ws0\">1<span class=\"_ _208\"> </span></div></td><td class=\"c n x275 y1fc0 wf1 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls39 ws36\">(1<span class=\"_ _6\"></span>9,<span class=\"_ _4\"></span>373)<span class=\"_ _208\"> </span></div></td><td class=\"c n x276 y1fc0 wf2 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls69 ws65\">2<span class=\"_ _4\"></span>2,398<span class=\"_ _208\"> </span></div></td><td class=\"c n x277 y1fc0 wf3 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls3 ws4\">2<span class=\"_ _4\"></span>,220<span class=\"_ _208\"> </span></div></td><td class=\"c n x278 y1fc0 wf4 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls25 ws24\">(4,7<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>0)<span class=\"_ _208\"> </span></div></td><td class=\"c n x279 y1fc0 w61 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls112 ws10b\">465<span class=\"_ _208\"> </span></div></td></tr></table><table class=\"s wf5 ha6\" id=\"_9b622ae7-94dd-4c7e-aa0a-bc13f9be0b4c\"><tr><td></td><td></td><td></td><td></td><td class=\"t m1 x1cd h2b y1fc1 ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m1 x1e8 h2b y1fc2 ff1 fsd fc0 sc0 ls0 ws0\">Europe  </td><td class=\"t m1 x25b h2b y1fc3 ff1 fsd fc0 sc0 ls0 ws0\">North  </td><td class=\"t m1 x25c h2b y1fc4 ff1 fsd fc0 sc0 ls0 ws0\">Australia &amp; </td><td></td></tr><tr><td></td><td class=\"t m1 x25d h2b y1fc5 ff1 fsd fc0 sc0 ls0 ws0\">UK &amp; CI </td><td></td><td class=\"t m1 x25e h2b y1fc6 ff1 fsd fc0 sc0 ls0 ws0\">(excl. UK)  </td><td class=\"t m1 x25f h2b y1fc7 ff1 fsd fc0 sc0 ls0 ws0\">America  </td><td class=\"t m1 x260 h2b y1fc8 ff1 fsd fc0 sc0 ls0 ws0\">New<span class=\"_ gs8e\"> </span>Zealand </td><td class=\"t m1 x1ca h2b y1fc8 ff1 fsd fc0 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>otal </td></tr><tr><td></td><td class=\"t m1 x261 h2b y1fc9 ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td></td><td class=\"t m1 x262 h2b y1fca ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x263 h2b y1fcb ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x264 h2b y1fcc ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x1cf h2b y1fcc ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"t m1 x1d4 h2 y1fcd ff1 fs0 fc0 sc0 ls0 ws0\">Segmental financial position<span class=\"_ _208\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y1fce wf6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Investments at fair value<span class=\"_ _208\"> </span></div></td><td class=\"c n x27a y1fce wf7 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa5 wsa6\">1,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x27b y1fce wf8 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa3 wsa4\">3<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>6<span class=\"_ _5\"> </span>0<span class=\"_ _5\"> </span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x27c y1fce wf9 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls6a ws66\">10<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>,3<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _208\"> </span></div></td><td class=\"c n x27d y1fce wfa h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls121 ws11a\">256,85<span class=\"_ _4\"></span>3<span class=\"_ _208\"> </span></div></td><td class=\"c n x27e y1fce w83 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls113 wsf7\">2<span class=\"_ _4\"></span>,593<span class=\"_ _4\"></span>,056<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1fbc wfb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Current assets<span class=\"_ _208\"> </span></div></td><td class=\"c n x27f y1fbc wfc h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls6 ws7\">13<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>49<span class=\"_ _5\"></span>0<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x280 y1fbc w6d h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td><td class=\"c n x281 y1fbc w6d h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td><td class=\"c n x282 y1fbc wfd h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td><td class=\"c n x283 y1fbc wfc h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls6 ws7\">13<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>49<span class=\"_ _5\"></span>0<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1fae w90 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal assets<span class=\"_ _208\"> </span></div></td><td class=\"c n x284 y1fae wfe h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 lsa3 wsa4\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>17,<span class=\"_ _4\"></span>7<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>8<span class=\"_ _208\"> </span></div></td><td class=\"c n x285 y1fae wff h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 lsa3 wsa4\">3<span class=\"_ _208\"> </span></div></td><td class=\"c n x286 y1fae w100 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 lsa3 wsa4\">4<span class=\"_ _4\"></span>7,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x287 y1fae wf9 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls6a ws66\">10<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>,3<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _208\"> </span></div></td><td class=\"c n x288 y1fae w101 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls121 ws11a\">256,8<span class=\"_ _4\"></span>53<span class=\"_ _208\"> </span></div></td><td class=\"c n x289 y1fae w102 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls118 ws110\">2,7<span class=\"_ _6\"></span>28,546<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f54 w9c h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal liabilities<span class=\"_ _208\"> </span></div></td><td class=\"c n x28a y1f54 w103 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls10d ws105\">(<span class=\"_ _4\"></span>11,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>)<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x28b y1f54 wfd h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td><td class=\"c n x28c y1f54 w6d h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td><td class=\"c n x28d y1f54 w6d h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td><td class=\"c n x28e y1f54 w104 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls10d ws105\">(<span class=\"_ _4\"></span>11<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w9e h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">Net assets<span class=\"_ _208\"> </span></div></td><td class=\"c n x28f y1f44 w105 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls113 wsf7\">2,0<span class=\"_ _4\"></span>05,8<span class=\"_ _4\"></span>66<span class=\"_ _208\"> </span></div></td><td class=\"c n x290 y1f44 w106 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 lsa3 wsa4\">3<span class=\"_ _208\"> </span></div></td><td class=\"c n x291 y1f44 w8a h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 lsa3 wsa4\">4<span class=\"_ _4\"></span>7,<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x292 y1f44 wf9 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls6a ws66\">10<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>,3<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _208\"> </span></div></td><td class=\"c n x293 y1f44 w101 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls121 ws11a\">256,8<span class=\"_ _4\"></span>53<span class=\"_ _208\"> </span></div></td><td class=\"c n x294 y1f44 w9f h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls49 ws46\">2<span class=\"_ _4\"></span>,716<span class=\"_ _4\"></span>,6<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>4<span class=\"_ _208\"> </span></div></td></tr></table><table class=\"s w107 ha7\" id=\"_7d536fb3-f81e-4c79-90ec-0238bd6846d8\"><tr><td></td><td></td><td></td><td></td><td class=\"t m1 x295 h14 y1fcf ff4 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended 31 December 2023<span class=\"_ _208\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m1 x262 h14 y1fd0 ff4 fsd fc0 sc0 ls0 ws0\">Europe  </td><td class=\"t m1 x296 h14 y1fd1 ff4 fsd fc0 sc0 ls0 ws0\">North  </td><td class=\"t m1 x297 h14 y1fd2 ff4 fsd fc0 sc0 ls0 ws0\">Australia &amp; </td><td></td></tr><tr><td></td><td class=\"t m1 x298 h14 y1fd3 ff4 fsd fc0 sc0 ls0 ws0\">UK &amp; CI<span class=\"_ _208\"> </span></td><td></td><td class=\"t m1 x299 h14 y1fd4 ff4 fsd fc0 sc0 ls0 ws0\">(excl. UK)  </td><td class=\"t m1 x29a h14 y1fd5 ff4 fsd fc0 sc0 ls0 ws0\">America  </td><td class=\"t m1 x29b h14 y1fd6 ff4 fsd fc0 sc0 ls0 ws0\">New<span class=\"_ gs8e\"> </span>Zealand </td><td class=\"t m1 x1ec h14 y1fd6 ff4 fsd fc0 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>otal </td></tr><tr><td></td><td class=\"t m1 x261 h14 y1fd7 ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td></td><td class=\"t m1 x29c h14 y1fd8 ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x29d h14 y1fd9 ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x264 h14 y1fda ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x1cf h14 y1fda ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"t m1 x1d4 h2 y1fdb ff1 fs0 fc0 sc0 ls0 ws0\">Segmental results<span class=\"_ _208\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y1fdc we1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Dividend and interest income<span class=\"_ _208\"> </span></div></td><td class=\"c n x29e y1fdc w108 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">1<span class=\"_ _1\"></span>48,829<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x29f y1fdc w109 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">11,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>5<span class=\"_ _208\"> </span></div></td><td class=\"c n x2a0 y1fdc w10a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">11,<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>9<span class=\"_ _208\"> </span></div></td><td class=\"c n x2a1 y1fdc w10b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls111 ws109\">1<span class=\"_ _4\"></span>7,<span class=\"_ _5\"></span>3<span class=\"_ _d\"> </span>6<span class=\"_ _d\"> </span>9<span class=\"_ _208\"> </span></div></td><td class=\"c n x2a2 y1fdc w10c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">1<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>2<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1fdd we7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Fair value gain / (loss) on investments<span class=\"_ _208\"> </span></div></td><td class=\"c n x2a3 y1fdd w10d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls111 ws109\">(<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _d\"> </span>)<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x2a4 y1fdd w10e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">11<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x2a5 y1fdd w10f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsf0 wse9\">(<span class=\"_ _4\"></span>18<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>013<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td><td class=\"c n x2a6 y1fdd w110 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa1 wsa2\">(<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>31)<span class=\"_ _208\"> </span></div></td><td class=\"c n x2a7 y1fdd w111 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls1b ws1b\">(<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>23<span class=\"_ _6\"></span>,080)<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f43 web h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal investment income / (loss)<span class=\"_ _208\"> </span></div></td><td class=\"c n x2a8 y1f43 w112 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa9 wsaa\">6<span class=\"_ _4\"></span>1,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>7<span class=\"_ _4\"></span>3<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x2a9 y1f43 w113 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls12e ws12c\">23,23<span class=\"_ _4\"></span>5<span class=\"_ _208\"> </span></div></td><td class=\"c n x2aa y1f43 w114 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsae wsae\">(<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td><td class=\"c n x2ab y1f43 w115 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">(<span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td><td class=\"c n x2ac y1f43 w116 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls8b ws8a\">6<span class=\"_ _4\"></span>6,072<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c x19b y1fde w117 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">Reporting segment profit / (loss)</div><div class=\"t m1 x2ad h11 y1fbf ff1 fsc fc0 sc0 ls0 ws0\">1<span class=\"_ _208\"> </span></div></td><td class=\"c n x2ae y1f44 w118 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">1<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>6<span class=\"_ _208\"> </span></div></td><td class=\"c n x2af y1f44 w119 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">0<span class=\"_ _208\"> </span></div></td><td class=\"c n x2b0 y1f44 w11a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls2b ws2a\">25,<span class=\"_ _4\"></span>04<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td><td class=\"c n x2b1 y1f44 w11b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsad wsad\">(5,60<span class=\"_ _4\"></span>3)<span class=\"_ _208\"> </span></div></td><td class=\"c n x2b2 y1f44 w11c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsae wsae\">(<span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>74<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td><td class=\"c n x2b3 y1f44 w5d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls111 ws109\">2<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>8<span class=\"_ _d\"> </span>6<span class=\"_ _5\"></span>1<span class=\"_ _208\"> </span></div></td></tr></table><table class=\"s w11d ha8\" id=\"_c7d3cf5f-cc5d-4964-8006-7042a0b3679d\"><tr><td></td><td></td><td></td><td></td><td class=\"t m1 x2b4 h14 y1fdf ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m1 x262 h14 y1fe0 ff4 fsd fc0 sc0 ls0 ws0\">Europe  </td><td></td><td class=\"t m1 x296 h14 y1fe1 ff4 fsd fc0 sc0 ls0 ws0\">North  </td><td></td><td></td><td></td><td class=\"t m1 x297 h14 y1fe2 ff4 fsd fc0 sc0 ls0 ws0\">Australia &amp; </td><td></td></tr><tr><td></td><td class=\"t m1 x298 h14 y1fe3 ff4 fsd fc0 sc0 ls0 ws0\">UK &amp; CI<span class=\"_ _208\"> </span></td><td class=\"t m1 x299 h14 y1fe4 ff4 fsd fc0 sc0 ls0 ws0\">(excl. UK)  </td><td></td><td class=\"t m1 x29a h14 y1fe5 ff4 fsd fc0 sc0 ls0 ws0\">America  </td><td></td><td></td><td></td><td class=\"t m1 x29b h14 y1fe6 ff4 fsd fc0 sc0 ls0 ws0\">New<span class=\"_ gs8e\"> </span>Zealand </td><td class=\"t m1 x1ec h14 y1fe6 ff4 fsd fc0 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>otal </td></tr><tr><td></td><td class=\"t m1 x261 h14 y1fe7 ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x29c h14 y1fe8 ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td></td><td class=\"t m1 x29d h14 y1fe9 ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td></td><td></td><td></td><td class=\"t m1 x264 h14 y1fea ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x1cf h14 y1fea ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"t m1 x1d4 h2 y1feb ff1 fs0 fc0 sc0 ls0 ws0\">Segmental financial position<span class=\"_ _208\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y1f26 wf6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Investments at fair value<span class=\"_ _208\"> </span></div></td><td class=\"c n x2b5 y1f26 w11e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls17 ws18\">2<span class=\"_ _6\"></span>,043,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>43<span class=\"_ _208\"> </span></div></td><td class=\"c n x2b6 y1f26 w11f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa7 wsa8\">3<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>2,70<span class=\"_ _5\"></span>0<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x2b7 y1f26 w120 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls111 ws109\">1<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>2<span class=\"_ _d\"> </span>9<span class=\"_ _5\"></span>2<span class=\"_ _208\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x2b8 y1f26 w121 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">2<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>8<span class=\"_ _208\"> </span></div></td><td class=\"c n x2b9 y1f26 w122 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls7a ws74\">2<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>818<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>3<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1fec wfb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Current assets<span class=\"_ _208\"> </span></div></td><td class=\"c n x2ba y1fec w123 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls12a ws127\">17<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>2<span class=\"_ _208\"> </span></div></td><td class=\"c n x2bb y1fec w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x2bc y1fec wfd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x2bd y1fec w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td><td class=\"c n x2be y1fec w124 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls12a ws127\">17<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>2<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1fae w90 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal assets<span class=\"_ _208\"> </span></div></td><td class=\"c n x2bf y1fae w125 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls111 ws109\">2<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>1<span class=\"_ _4\"></span>7,<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>5<span class=\"_ _208\"> </span></div></td><td class=\"c n x2c0 y1fae w126 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa7 wsa8\">3<span class=\"_ _4\"></span>42,7<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x2c1 y1fae w127 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls111 ws109\">1<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>9<span class=\"_ _208\"> </span></div></td><td class=\"c n x2c2 y1fae w128 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls111 ws109\">2<span class=\"_ _208\"> </span></div></td><td class=\"c n x2c3 y1fae w119 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">2<span class=\"_ _208\"> </span></div></td><td class=\"c n x2c4 y1fae w119 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">8<span class=\"_ _208\"> </span></div></td><td class=\"c n x2c5 y1fae w129 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">5<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>6<span class=\"_ _208\"> </span></div></td><td class=\"c n x2c6 y1fae w119 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">8<span class=\"_ _208\"> </span></div></td><td class=\"c n x2c7 y1fae w12a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls5f ws5a\">2,9<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>2,<span class=\"_ _1\"></span>185<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f54 w9c h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal liabilities<span class=\"_ _208\"> </span></div></td><td class=\"c n x2c8 y1f54 w12b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls17 ws18\">(76<span class=\"_ _6\"></span>,04<span class=\"_ _6\"></span>7)<span class=\"_ _208\"> </span></div></td><td class=\"c n x2c9 y1f54 w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x2ca y1f54 w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x2cb y1f54 w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td><td class=\"c n x2cc y1f54 w12c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls17 ws18\">(7<span class=\"_ _6\"></span>6,04<span class=\"_ _1\"></span>7)<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w9e h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">Net assets<span class=\"_ _208\"> </span></div></td><td class=\"c n x2cd y1f44 w80 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">2<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td><td class=\"c n x2ce y1f44 w11f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa7 wsa8\">3<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>2,70<span class=\"_ _5\"></span>0<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x2cf y1f44 w12d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls111 ws109\">1<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>7,<span class=\"_ _5\"> </span>2<span class=\"_ _d\"> </span>9<span class=\"_ _5\"></span>2<span class=\"_ _208\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x2d0 y1f44 w12e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">2<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>8<span class=\"_ _208\"> </span></div></td><td class=\"c n x2d1 y1f44 w80 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">2<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>8<span class=\"_ _208\"> </span></div></td></tr></table>1 <span class=\"_ _11\"> </span>Re<span class=\"_ _4\"></span>por<span class=\"_ _4\"></span>tin<span class=\"_ _4\"></span>g seg<span class=\"_ _4\"></span>men<span class=\"_ _4\"></span>t res<span class=\"_ _4\"></span>ults a<span class=\"_ _4\"></span>re sta<span class=\"_ _4\"></span>ted ne<span class=\"_ _4\"></span>t of ope<span class=\"_ _4\"></span>rati<span class=\"_ _4\"></span>ona<span class=\"_ _4\"></span>l cos<span class=\"_ _4\"></span>ts inc<span class=\"_ _4\"></span>lud<span class=\"_ _4\"></span>ing ma<span class=\"_ _4\"></span>nag<span class=\"_ _4\"></span>eme<span class=\"_ _4\"></span>nt fe<span class=\"_ _4\"></span>es.<span class=\"_ _208\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeographicalAreasExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-11": {
   "value": "UK &amp; CI, Eur<span class=\"_ _6\"></span>ope (excl. UK), North America and Australia &amp; New Zealand",
   "dimensions": {
    "concept": "ifrs-full:PrincipalPlaceOfBusiness",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-227": {
   "value": "4. <span class=\"_ _119\"> </span>INVESTMENT INCOME<span class=\"_ _208\"> </span>AC<span class=\"_ _2\"></span>COUNTING<span class=\"_ _2\"></span> POLIC<span class=\"_ _6\"></span>Y<span class=\"_ _208\"> </span>Interest income<span class=\"_ _208\"> </span>Interest income is r<span class=\"_ _6\"></span>ecognised when it is probable that the economic benefits will flow to the Group and the amount of income can be<span class=\"_ gs66\"> </span>measured r<span class=\"_ _6\"></span>eliably<span class=\"_ _6\"></span>. Interest income is accrued on a time-apportioned basis and is r<span class=\"_ _2\"></span>ecognised gross of withholding tax, if any<span class=\"_ _3\"></span>. Dividend income<span class=\"_ _208\"> </span>Dividend income is recognised gr<span class=\"_ _6\"></span>oss of withholding tax on the date the Company\u2019<span class=\"_ _1\"></span>s right to receive the dividend income is established. Ne<span class=\"_ _4\"></span>t cha<span class=\"_ _4\"></span>ng<span class=\"_ _4\"></span>e in in<span class=\"_ _4\"></span>vest<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s at fa<span class=\"_ _4\"></span>ir va<span class=\"_ _4\"></span>lue t<span class=\"_ _4\"></span>hr<span class=\"_ _4\"></span>ou<span class=\"_ _4\"></span>gh pr<span class=\"_ _4\"></span>ofit o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s<span class=\"_ _208\"> </span>Net change in investments at fair value through pr<span class=\"_ _6\"></span>ofit or loss represents unrealised fair value changes.<span class=\"_ _208\"> </span><table class=\"s w12f ha9\" id=\"_5e285f07-fde8-4ae9-a0a1-36fe5238e367\"><tr><td></td><td></td><td class=\"t m1 x193 h2b y1fed ff1 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended<span class=\"_ _208\"> </span></td><td class=\"t m1 x194 h14 y1fee ff4 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended<span class=\"_ _208\"> </span></td></tr><tr><td></td><td></td><td class=\"t m1 x195 h2b y1fef ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x196 h14 y1ff0 ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td></td><td></td><td class=\"t m1 x198 h2b y1ff1 ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x199 h14 y1ff2 ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"t m1 x19f h2 y1ff3 ff1 fs0 fc0 sc0 ls0 ws0\">Interest income<span class=\"_ _208\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y1f22 w130 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Interest on investments at fair value thr<span class=\"_ _6\"></span>ough profit or loss<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x2d2 y1f22 w131 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls112 ws10b\">1<span class=\"_ _6\"></span>04,636<span class=\"_ _208\"> </span></div></td><td class=\"c n x2d3 y1f22 w132 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>,6<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1ff4 w133 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Interest on financial assets at amortised cost<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x2d4 y1ff4 w134 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lse3 ws5b\">3<span class=\"_ _4\"></span>,9<span class=\"_ _4\"></span>81<span class=\"_ _208\"> </span></div></td><td class=\"c n x2d5 y1ff4 w135 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa9 wsaa\">1,0<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f26 w136 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal interest income<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x2d6 y1f26 w132 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>17<span class=\"_ _208\"> </span></div></td><td class=\"c n x2d7 y1f26 w137 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls111 ws109\">1<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>7<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f3f w138 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Dividend income<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x2d8 y1f3f we9 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls113 wsf7\">93,424<span class=\"_ _208\"> </span></div></td><td class=\"c n x2d9 y1f3f w139 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa9 wsaa\">8<span class=\"_ _4\"></span>1,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f54 w13a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Net change in investments at fair value through pr<span class=\"_ _6\"></span>ofit or loss<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x2da y1f54 w13b h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls49 ws46\">(16<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>,8<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td><td class=\"c n x2db y1f54 w13c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls1b ws1b\">(<span class=\"_ _1\"></span>1<span class=\"_ _6\"></span>23<span class=\"_ _6\"></span>,080)<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w40 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal investment income<span class=\"_ _208\"> </span></div></td><td class=\"c n x1a5 y1f44 w13d h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa3 wsa4\">3<span class=\"_ _4\"></span>7,1<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td><td class=\"c n x2dc y1f44 wff h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa3 wsa4\">9<span class=\"_ _208\"> </span></div></td><td class=\"c n x2dd y1f44 w13e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls8b ws8a\">6<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>,072<span class=\"_ _208\"> </span></div></td></tr></table>Dividend and interest income includes transactions with unconsolidated subsidiary entities. Changes in investments at fair value thr<span class=\"_ _6\"></span>ough profit or loss ar<span class=\"_ _6\"></span>e also recognised in relation to the Group\u2019<span class=\"_ _3\"></span>s investments in unconsolidated subsidiaries.<span class=\"_ _208\"> </span>8<span class=\"_ _4\"></span>. <span class=\"_ _119\"> </span>FIN<span class=\"_ _4\"></span>AN<span class=\"_ _4\"></span>CE COS<span class=\"_ _4\"></span>TS AN<span class=\"_ _4\"></span>D BAN<span class=\"_ _4\"></span>K LOANS<span class=\"_ _208\"> </span>AC<span class=\"_ _2\"></span>COUNTING<span class=\"_ _2\"></span> POLIC<span class=\"_ _6\"></span>Y<span class=\"_ _208\"> </span>Interest bearing loans and over<span class=\"_ _6\"></span>drafts are initially recorded as the pr<span class=\"_ _6\"></span>oceeds received net of any directly attributable issue costs. Subsequent measurement is at amortised cost, with borr<span class=\"_ _6\"></span>owing costs recognised in the Consolidated Statement of Comprehensive Income in the year in which they are incurr<span class=\"_ _6\"></span>ed, using the effective interest rate method. Arrangement fees are amortised over the term of the CDF<span class=\"_ _3\"></span>.<span class=\"_ _208\"> </span>Finance costs for the year were \u00a34.0m (December 2023: \u00a37.3m). The Gr<span class=\"_ _6\"></span>oup has a CDF with \u00a3250m available on a fully committed basis, with a flexible \u2018accordion\u2019 component which will, subject to lender appr<span class=\"_ _6\"></span>oval, allow for a future extension by an additional \u00a350m. The interest rate margin on the CDF in the year was 170 basis points over SONIA. The current CDF r<span class=\"_ _6\"></span>emains in place until June 2025, after which a renewed facility will take ef<span class=\"_ _6\"></span>fect. The new facility is expected to have broadly the same terms and structure as the current facility<span class=\"_ _3\"></span>, with no repayments due ahead of maturity<span class=\"_ _3\"></span>, and is secured over the assets of the Group. The curr<span class=\"_ _2\"></span>ent banking group for the facility consists of National Australia Bank, the Royal Bank of Scotland International, Sumitomo Mitsui Banking Corporation and Barclays Bank. From June 2025, the banking group will consist of Internationale Nederlanden Groep, National Australia Bank, the Royal Bank of Scotland International, and Barclays Bank. As at December 2024 the facility was undrawn (December 2023: \u00a365.0m cash drawn), with \u00a313.5m committed under letter of credit (December 2023: \u00a316.4m drawn under letter of cr<span class=\"_ _6\"></span>edit). The uncommitted balance of the facility which was not cash drawn or notionally drawn via letters of credit, was c.\u00a3236.5m (December 2023: \u00a3268.6m).<span class=\"_ _208\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-192": {
   "value": "4. <span class=\"_ _119\"> </span>INVESTMENT INCOME<span class=\"_ _208\"> </span>AC<span class=\"_ _2\"></span>COUNTING<span class=\"_ _2\"></span> POLIC<span class=\"_ _6\"></span>Y<span class=\"_ _208\"> </span>Interest income<span class=\"_ _208\"> </span>Interest income is r<span class=\"_ _6\"></span>ecognised when it is probable that the economic benefits will flow to the Group and the amount of income can be<span class=\"_ gs66\"> </span>measured r<span class=\"_ _6\"></span>eliably<span class=\"_ _6\"></span>. Interest income is accrued on a time-apportioned basis and is r<span class=\"_ _2\"></span>ecognised gross of withholding tax, if any<span class=\"_ _3\"></span>. Dividend income<span class=\"_ _208\"> </span>Dividend income is recognised gr<span class=\"_ _6\"></span>oss of withholding tax on the date the Company\u2019<span class=\"_ _1\"></span>s right to receive the dividend income is established. Ne<span class=\"_ _4\"></span>t cha<span class=\"_ _4\"></span>ng<span class=\"_ _4\"></span>e in in<span class=\"_ _4\"></span>vest<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s at fa<span class=\"_ _4\"></span>ir va<span class=\"_ _4\"></span>lue t<span class=\"_ _4\"></span>hr<span class=\"_ _4\"></span>ou<span class=\"_ _4\"></span>gh pr<span class=\"_ _4\"></span>ofit o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s<span class=\"_ _208\"> </span>Net change in investments at fair value through pr<span class=\"_ _6\"></span>ofit or loss represents unrealised fair value changes.<span class=\"_ _208\"> </span><table class=\"s w12f ha9\" id=\"_5e285f07-fde8-4ae9-a0a1-36fe5238e367\"><tr><td></td><td></td><td class=\"t m1 x193 h2b y1fed ff1 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended<span class=\"_ _208\"> </span></td><td class=\"t m1 x194 h14 y1fee ff4 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended<span class=\"_ _208\"> </span></td></tr><tr><td></td><td></td><td class=\"t m1 x195 h2b y1fef ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x196 h14 y1ff0 ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td></td><td></td><td class=\"t m1 x198 h2b y1ff1 ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x199 h14 y1ff2 ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"t m1 x19f h2 y1ff3 ff1 fs0 fc0 sc0 ls0 ws0\">Interest income<span class=\"_ _208\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y1f22 w130 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Interest on investments at fair value thr<span class=\"_ _6\"></span>ough profit or loss<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x2d2 y1f22 w131 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls112 ws10b\">1<span class=\"_ _6\"></span>04,636<span class=\"_ _208\"> </span></div></td><td class=\"c n x2d3 y1f22 w132 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>,6<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1ff4 w133 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Interest on financial assets at amortised cost<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x2d4 y1ff4 w134 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lse3 ws5b\">3<span class=\"_ _4\"></span>,9<span class=\"_ _4\"></span>81<span class=\"_ _208\"> </span></div></td><td class=\"c n x2d5 y1ff4 w135 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa9 wsaa\">1,0<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f26 w136 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal interest income<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x2d6 y1f26 w132 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>17<span class=\"_ _208\"> </span></div></td><td class=\"c n x2d7 y1f26 w137 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls111 ws109\">1<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>7<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f3f w138 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Dividend income<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x2d8 y1f3f we9 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls113 wsf7\">93,424<span class=\"_ _208\"> </span></div></td><td class=\"c n x2d9 y1f3f w139 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa9 wsaa\">8<span class=\"_ _4\"></span>1,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f54 w13a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Net change in investments at fair value through pr<span class=\"_ _6\"></span>ofit or loss<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x2da y1f54 w13b h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls49 ws46\">(16<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>,8<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td><td class=\"c n x2db y1f54 w13c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls1b ws1b\">(<span class=\"_ _1\"></span>1<span class=\"_ _6\"></span>23<span class=\"_ _6\"></span>,080)<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w40 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal investment income<span class=\"_ _208\"> </span></div></td><td class=\"c n x1a5 y1f44 w13d h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa3 wsa4\">3<span class=\"_ _4\"></span>7,1<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td><td class=\"c n x2dc y1f44 wff h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa3 wsa4\">9<span class=\"_ _208\"> </span></div></td><td class=\"c n x2dd y1f44 w13e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls8b ws8a\">6<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>,072<span class=\"_ _208\"> </span></div></td></tr></table>Dividend and interest income includes transactions with unconsolidated subsidiary entities. Changes in investments at fair value thr<span class=\"_ _6\"></span>ough profit or loss ar<span class=\"_ _6\"></span>e also recognised in relation to the Group\u2019<span class=\"_ _3\"></span>s investments in unconsolidated subsidiaries.<span class=\"_ _208\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-173": {
   "value": "4. <span class=\"_ _119\"> </span>INVESTMENT INCOME<span class=\"_ _208\"> </span>AC<span class=\"_ _2\"></span>COUNTING<span class=\"_ _2\"></span> POLIC<span class=\"_ _6\"></span>Y<span class=\"_ _208\"> </span>Interest income<span class=\"_ _208\"> </span>Interest income is r<span class=\"_ _6\"></span>ecognised when it is probable that the economic benefits will flow to the Group and the amount of income can be<span class=\"_ gs66\"> </span>measured r<span class=\"_ _6\"></span>eliably<span class=\"_ _6\"></span>. Interest income is accrued on a time-apportioned basis and is r<span class=\"_ _2\"></span>ecognised gross of withholding tax, if any<span class=\"_ _3\"></span>. Dividend income<span class=\"_ _208\"> </span>Dividend income is recognised gr<span class=\"_ _6\"></span>oss of withholding tax on the date the Company\u2019<span class=\"_ _1\"></span>s right to receive the dividend income is established. Ne<span class=\"_ _4\"></span>t cha<span class=\"_ _4\"></span>ng<span class=\"_ _4\"></span>e in in<span class=\"_ _4\"></span>vest<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s at fa<span class=\"_ _4\"></span>ir va<span class=\"_ _4\"></span>lue t<span class=\"_ _4\"></span>hr<span class=\"_ _4\"></span>ou<span class=\"_ _4\"></span>gh pr<span class=\"_ _4\"></span>ofit o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s<span class=\"_ _208\"> </span>Net change in investments at fair value through pr<span class=\"_ _6\"></span>ofit or loss represents unrealised fair value changes.<span class=\"_ _208\"> </span><table class=\"s w12f ha9\" id=\"_5e285f07-fde8-4ae9-a0a1-36fe5238e367\"><tr><td></td><td></td><td class=\"t m1 x193 h2b y1fed ff1 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended<span class=\"_ _208\"> </span></td><td class=\"t m1 x194 h14 y1fee ff4 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended<span class=\"_ _208\"> </span></td></tr><tr><td></td><td></td><td class=\"t m1 x195 h2b y1fef ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x196 h14 y1ff0 ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td></td><td></td><td class=\"t m1 x198 h2b y1ff1 ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x199 h14 y1ff2 ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"t m1 x19f h2 y1ff3 ff1 fs0 fc0 sc0 ls0 ws0\">Interest income<span class=\"_ _208\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y1f22 w130 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Interest on investments at fair value thr<span class=\"_ _6\"></span>ough profit or loss<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x2d2 y1f22 w131 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls112 ws10b\">1<span class=\"_ _6\"></span>04,636<span class=\"_ _208\"> </span></div></td><td class=\"c n x2d3 y1f22 w132 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>,6<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1ff4 w133 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Interest on financial assets at amortised cost<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x2d4 y1ff4 w134 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lse3 ws5b\">3<span class=\"_ _4\"></span>,9<span class=\"_ _4\"></span>81<span class=\"_ _208\"> </span></div></td><td class=\"c n x2d5 y1ff4 w135 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa9 wsaa\">1,0<span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>9<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f26 w136 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal interest income<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x2d6 y1f26 w132 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>17<span class=\"_ _208\"> </span></div></td><td class=\"c n x2d7 y1f26 w137 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls111 ws109\">1<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>7<span class=\"_ _5\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f3f w138 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Dividend income<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x2d8 y1f3f we9 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls113 wsf7\">93,424<span class=\"_ _208\"> </span></div></td><td class=\"c n x2d9 y1f3f w139 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa9 wsaa\">8<span class=\"_ _4\"></span>1,<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f54 w13a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Net change in investments at fair value through pr<span class=\"_ _6\"></span>ofit or loss<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x2da y1f54 w13b h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls49 ws46\">(16<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>,8<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td><td class=\"c n x2db y1f54 w13c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls1b ws1b\">(<span class=\"_ _1\"></span>1<span class=\"_ _6\"></span>23<span class=\"_ _6\"></span>,080)<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w40 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal investment income<span class=\"_ _208\"> </span></div></td><td class=\"c n x1a5 y1f44 w13d h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa3 wsa4\">3<span class=\"_ _4\"></span>7,1<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td><td class=\"c n x2dc y1f44 wff h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa3 wsa4\">9<span class=\"_ _208\"> </span></div></td><td class=\"c n x2dd y1f44 w13e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls8b ws8a\">6<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>,072<span class=\"_ _208\"> </span></div></td></tr></table>Dividend and interest income includes transactions with unconsolidated subsidiary entities. Changes in investments at fair value thr<span class=\"_ _6\"></span>ough profit or loss ar<span class=\"_ _6\"></span>e also recognised in relation to the Group\u2019<span class=\"_ _3\"></span>s investments in unconsolidated subsidiaries.<span class=\"_ _208\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-235": {
   "value": "Interest income<span class=\"_ _208\"> </span>Interest income is r<span class=\"_ _6\"></span>ecognised when it is probable that the economic benefits will flow to the Group and the amount of income can be<span class=\"_ gs66\"> </span>measured r<span class=\"_ _6\"></span>eliably<span class=\"_ _6\"></span>. Interest income is accrued on a time-apportioned basis and is r<span class=\"_ _2\"></span>ecognised gross of withholding tax, if any<span class=\"_ _3\"></span>. AC<span class=\"_ _2\"></span>COUNTING<span class=\"_ _2\"></span> POLIC<span class=\"_ _6\"></span>Y<span class=\"_ _208\"> </span>Interest bearing loans and over<span class=\"_ _6\"></span>drafts are initially recorded as the pr<span class=\"_ _6\"></span>oceeds received net of any directly attributable issue costs. Subsequent measurement is at amortised cost, with borr<span class=\"_ _6\"></span>owing costs recognised in the Consolidated Statement of Comprehensive Income in the year in which they are incurr<span class=\"_ _6\"></span>ed, using the effective interest rate method. Arrangement fees are amortised over the term of the CDF<span class=\"_ _3\"></span>.<span class=\"_ _208\"> </span>Finance costs for the year were \u00a34.0m (December 2023: \u00a37.3m). The Gr<span class=\"_ _6\"></span>oup has a CDF with \u00a3250m available on a fully committed basis, with a flexible \u2018accordion\u2019 component which will, subject to lender appr<span class=\"_ _6\"></span>oval, allow for a future extension by an additional \u00a350m. The interest rate margin on the CDF in the year was 170 basis points over SONIA. The current CDF r<span class=\"_ _6\"></span>emains in place until June 2025, after which a renewed facility will take ef<span class=\"_ _6\"></span>fect. The new facility is expected to have broadly the same terms and structure as the current facility<span class=\"_ _3\"></span>, with no repayments due ahead of maturity<span class=\"_ _3\"></span>, and is secured over the assets of the Group. The curr<span class=\"_ _2\"></span>ent banking group for the facility consists of National Australia Bank, the Royal Bank of Scotland International, Sumitomo Mitsui Banking Corporation and Barclays Bank. From June 2025, the banking group will consist of Internationale Nederlanden Groep, National Australia Bank, the Royal Bank of Scotland International, and Barclays Bank. As at December 2024 the facility was undrawn (December 2023: \u00a365.0m cash drawn), with \u00a313.5m committed under letter of credit (December 2023: \u00a316.4m drawn under letter of cr<span class=\"_ _6\"></span>edit). The uncommitted balance of the facility which was not cash drawn or notionally drawn via letters of credit, was c.\u00a3236.5m (December 2023: \u00a3268.6m).<span class=\"_ _208\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-230": {
   "value": "Interest income<span class=\"_ _208\"> </span>Interest income is r<span class=\"_ _6\"></span>ecognised when it is probable that the economic benefits will flow to the Group and the amount of income can be<span class=\"_ gs66\"> </span>measured r<span class=\"_ _6\"></span>eliably<span class=\"_ _6\"></span>. Interest income is accrued on a time-apportioned basis and is r<span class=\"_ _2\"></span>ecognised gross of withholding tax, if any<span class=\"_ _3\"></span>. AC<span class=\"_ _2\"></span>COUNTING<span class=\"_ _2\"></span> POLIC<span class=\"_ _6\"></span>Y<span class=\"_ _208\"> </span>Interest bearing loans and over<span class=\"_ _6\"></span>drafts are initially recorded as the pr<span class=\"_ _6\"></span>oceeds received net of any directly attributable issue costs. Subsequent measurement is at amortised cost, with borr<span class=\"_ _6\"></span>owing costs recognised in the Consolidated Statement of Comprehensive Income in the year in which they are incurr<span class=\"_ _6\"></span>ed, using the effective interest rate method. Arrangement fees are amortised over the term of the CDF<span class=\"_ _3\"></span>.<span class=\"_ _208\"> </span>Finance costs for the year were \u00a34.0m (December 2023: \u00a37.3m). The Gr<span class=\"_ _6\"></span>oup has a CDF with \u00a3250m available on a fully committed basis, with a flexible \u2018accordion\u2019 component which will, subject to lender appr<span class=\"_ _6\"></span>oval, allow for a future extension by an additional \u00a350m. The interest rate margin on the CDF in the year was 170 basis points over SONIA. The current CDF r<span class=\"_ _6\"></span>emains in place until June 2025, after which a renewed facility will take ef<span class=\"_ _6\"></span>fect. The new facility is expected to have broadly the same terms and structure as the current facility<span class=\"_ _3\"></span>, with no repayments due ahead of maturity<span class=\"_ _3\"></span>, and is secured over the assets of the Group. The curr<span class=\"_ _2\"></span>ent banking group for the facility consists of National Australia Bank, the Royal Bank of Scotland International, Sumitomo Mitsui Banking Corporation and Barclays Bank. From June 2025, the banking group will consist of Internationale Nederlanden Groep, National Australia Bank, the Royal Bank of Scotland International, and Barclays Bank. As at December 2024 the facility was undrawn (December 2023: \u00a365.0m cash drawn), with \u00a313.5m committed under letter of credit (December 2023: \u00a316.4m drawn under letter of cr<span class=\"_ _6\"></span>edit). The uncommitted balance of the facility which was not cash drawn or notionally drawn via letters of credit, was c.\u00a3236.5m (December 2023: \u00a3268.6m).<span class=\"_ _208\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-231": {
   "value": "Dividend income<span class=\"_ _208\"> </span>Dividend income is recognised gr<span class=\"_ _6\"></span>oss of withholding tax on the date the Company\u2019<span class=\"_ _1\"></span>s right to receive the dividend income is established. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-249": {
   "value": "Ne<span class=\"_ _4\"></span>t cha<span class=\"_ _4\"></span>ng<span class=\"_ _4\"></span>e in in<span class=\"_ _4\"></span>vest<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s at fa<span class=\"_ _4\"></span>ir va<span class=\"_ _4\"></span>lue t<span class=\"_ _4\"></span>hr<span class=\"_ _4\"></span>ou<span class=\"_ _4\"></span>gh pr<span class=\"_ _4\"></span>ofit o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s<span class=\"_ _208\"> </span>Net change in investments at fair value through pr<span class=\"_ _6\"></span>ofit or loss represents unrealised fair value changes.<span class=\"_ _208\"> </span>AC<span class=\"_ _2\"></span>COUNTING<span class=\"_ _2\"></span> POLIC<span class=\"_ _6\"></span>Y<span class=\"_ _208\"> </span>Interest bearing loans and over<span class=\"_ _6\"></span>drafts are initially recorded as the pr<span class=\"_ _6\"></span>oceeds received net of any directly attributable issue costs. Subsequent measurement is at amortised cost, with borr<span class=\"_ _6\"></span>owing costs recognised in the Consolidated Statement of Comprehensive Income in the year in which they are incurr<span class=\"_ _6\"></span>ed, using the effective interest rate method. Arrangement fees are amortised over the term of the CDF<span class=\"_ _3\"></span>.<span class=\"_ _208\"> </span>Finance costs for the year were \u00a34.0m (December 2023: \u00a37.3m). The Gr<span class=\"_ _6\"></span>oup has a CDF with \u00a3250m available on a fully committed basis, with a flexible \u2018accordion\u2019 component which will, subject to lender appr<span class=\"_ _6\"></span>oval, allow for a future extension by an additional \u00a350m. The interest rate margin on the CDF in the year was 170 basis points over SONIA. The current CDF r<span class=\"_ _6\"></span>emains in place until June 2025, after which a renewed facility will take ef<span class=\"_ _6\"></span>fect. The new facility is expected to have broadly the same terms and structure as the current facility<span class=\"_ _3\"></span>, with no repayments due ahead of maturity<span class=\"_ _3\"></span>, and is secured over the assets of the Group. The curr<span class=\"_ _2\"></span>ent banking group for the facility consists of National Australia Bank, the Royal Bank of Scotland International, Sumitomo Mitsui Banking Corporation and Barclays Bank. From June 2025, the banking group will consist of Internationale Nederlanden Groep, National Australia Bank, the Royal Bank of Scotland International, and Barclays Bank. As at December 2024 the facility was undrawn (December 2023: \u00a365.0m cash drawn), with \u00a313.5m committed under letter of credit (December 2023: \u00a316.4m drawn under letter of cr<span class=\"_ _6\"></span>edit). The uncommitted balance of the facility which was not cash drawn or notionally drawn via letters of credit, was c.\u00a3236.5m (December 2023: \u00a3268.6m).<span class=\"_ _208\"> </span>AC<span class=\"_ _2\"></span>COUNTING<span class=\"_ _2\"></span> POLIC<span class=\"_ _6\"></span>Y<span class=\"_ _208\"> </span>The Group classifies its financial assets as at fair value thr<span class=\"_ _6\"></span>ough profit or loss or as financial assets at amortised cost. The classification depends on the purpose for which the financial assets were acquir<span class=\"_ _6\"></span>ed, with investments in unconsolidated subsidiaries (other than those providing investment-r<span class=\"_ _6\"></span>elated services) being at fair value through profit or loss as requir<span class=\"_ _6\"></span>ed by IFRS 10. Inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nts a<span class=\"_ _4\"></span>t fa<span class=\"_ _4\"></span>ir val<span class=\"_ _4\"></span>ue t<span class=\"_ _4\"></span>hr<span class=\"_ _4\"></span>oug<span class=\"_ _4\"></span>h pr<span class=\"_ _4\"></span>ofit o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s<span class=\"_ _208\"> </span>Investments in underlying unconsolidated subsidiaries and other non-controlled investments ar<span class=\"_ _6\"></span>e held in a portfolio, the business model of which is to manage them on a fair value basis. The Group\u2019<span class=\"_ _3\"></span>s policy is to fair value both the equity and debt investments in underlying assets together<span class=\"_ _1\"></span>. All transaction costs relating to the acquisition of new investments ar<span class=\"_ _2\"></span>e recognised dir<span class=\"_ _6\"></span>ectly in profit or loss. Subsequent to initial recognition, equity and debt investments ar<span class=\"_ _6\"></span>e measured at fair value with changes in fair value recognised within total investment income in the Consolidated Statement of Comprehensive Income.<span class=\"_ _208\"> </span>T<span class=\"_ _6\"></span>r<span class=\"_ _4\"></span>ade a<span class=\"_ _4\"></span>nd o<span class=\"_ _4\"></span>th<span class=\"_ _4\"></span>er re<span class=\"_ _4\"></span>ce<span class=\"_ _4\"></span>ivab<span class=\"_ _4\"></span>le<span class=\"_ _4\"></span>s T<span class=\"_ _1\"></span>rade and other receivables that meet the contracted cash flow test as sole payments of principal and inter<span class=\"_ _2\"></span>est and which are held in a business model to receive these contractual cash flows ar<span class=\"_ _6\"></span>e classified as trade and other receivables. Financial assets with maturities less than 12 months are included in curr<span class=\"_ _6\"></span>ent assets, financial assets with maturities greater than 12 months after the balance sheet date are classified as non-current assets.<span class=\"_ _208\"> </span>Cash and<span class=\"_ _6\"></span> cash equivalents<span class=\"_ _208\"> </span>Cash and cash equivalents comprise cash on hand and demand deposits and other short-term highly liquid investments with an original maturity of three months or less that ar<span class=\"_ _6\"></span>e readily convertible to a known amount of cash and are subject to an insignificant risk of changes in<span class=\"_ gs66\"> </span>value.<span class=\"_ _208\"> </span>Derivative<span class=\"_ _6\"></span> financial instruments<span class=\"_ _208\"> </span>Derivatives are classified as financial assets and liabilities at fair value thr<span class=\"_ _6\"></span>ough profit or loss, held for trading. Derivatives are recognised initially<span class=\"_ _1\"></span>, and are subsequently r<span class=\"_ _2\"></span>emeasured, at fair value. Derivatives ar<span class=\"_ _2\"></span>e shown as assets when their fair value is positive or as liabilities when their fair value is negative. Fair value movements on derivative financial instruments held for trading are r<span class=\"_ _6\"></span>ecognised in the Consolidated Statement of Comprehensive Income.<span class=\"_ _208\"> </span>Impairment o<span class=\"_ _2\"></span>f financial<span class=\"_ _6\"></span> assets<span class=\"_ _208\"> </span>Financial assets, other than those classified at fair value through pr<span class=\"_ _6\"></span>ofit or loss, being trade and other receivables adopt a simplified approach to calculate any expected credit losses. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-243": {
   "value": "Ne<span class=\"_ _4\"></span>t cha<span class=\"_ _4\"></span>ng<span class=\"_ _4\"></span>e in in<span class=\"_ _4\"></span>vest<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s at fa<span class=\"_ _4\"></span>ir va<span class=\"_ _4\"></span>lue t<span class=\"_ _4\"></span>hr<span class=\"_ _4\"></span>ou<span class=\"_ _4\"></span>gh pr<span class=\"_ _4\"></span>ofit o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s<span class=\"_ _208\"> </span>Net change in investments at fair value through pr<span class=\"_ _6\"></span>ofit or loss represents unrealised fair value changes.<span class=\"_ _208\"> </span>Inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nts a<span class=\"_ _4\"></span>t fa<span class=\"_ _4\"></span>ir val<span class=\"_ _4\"></span>ue t<span class=\"_ _4\"></span>hr<span class=\"_ _4\"></span>oug<span class=\"_ _4\"></span>h pr<span class=\"_ _4\"></span>ofit o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s<span class=\"_ _208\"> </span>Investments in underlying unconsolidated subsidiaries and other non-controlled investments ar<span class=\"_ _6\"></span>e held in a portfolio, the business model of which is to manage them on a fair value basis. The Group\u2019<span class=\"_ _3\"></span>s policy is to fair value both the equity and debt investments in underlying assets together<span class=\"_ _1\"></span>. All transaction costs relating to the acquisition of new investments ar<span class=\"_ _2\"></span>e recognised dir<span class=\"_ _6\"></span>ectly in profit or loss. Subsequent to initial recognition, equity and debt investments ar<span class=\"_ _6\"></span>e measured at fair value with changes in fair value recognised within total investment income in the Consolidated Statement of Comprehensive Income.<span class=\"_ _208\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-236": {
   "value": "Ne<span class=\"_ _4\"></span>t cha<span class=\"_ _4\"></span>ng<span class=\"_ _4\"></span>e in in<span class=\"_ _4\"></span>vest<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt<span class=\"_ _4\"></span>s at fa<span class=\"_ _4\"></span>ir va<span class=\"_ _4\"></span>lue t<span class=\"_ _4\"></span>hr<span class=\"_ _4\"></span>ou<span class=\"_ _4\"></span>gh pr<span class=\"_ _4\"></span>ofit o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s<span class=\"_ _208\"> </span>Net change in investments at fair value through pr<span class=\"_ _6\"></span>ofit or loss represents unrealised fair value changes.<span class=\"_ _208\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-174": {
   "value": "<div class=\"t m1 h2 ff1 fs0 fc3 sc0 ls0 ws0 gsa0\">5. <span class=\"_ _12f\"> </span>OTH<span class=\"_ _4\"></span>ER OPE<span class=\"_ _4\"></span>RATING I<span class=\"_ _4\"></span>NCO<span class=\"_ _4\"></span>ME </div><div class=\"gsa1\"><table class=\"s w13f haa\" id=\"_90eed89f-59a6-4932-b384-db3068b5d951\"><tr><td></td><td class=\"t m1 x193 h2b y1ff5 ff1 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended<span class=\"_ _208\"> </span></td><td class=\"t m1 x194 h14 y1ff6 ff4 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"t m1 x195 h2b y1ff7 ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x196 h14 y1ff8 ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"t m1 x198 h2b y1ff9 ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x199 h14 y1ffa ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y1f27 w140 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Fair value movement on foreign exchange contracts<span class=\"_ _208\"> </span></div></td><td class=\"c n x2de y1f27 w141 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa5 wsa6\">1,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _208\"> </span></div></td><td class=\"c n x2df y1f27 w142 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls2b ws2a\">3<span class=\"_ _4\"></span>,25<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1fae w143 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Other gains on foreign exchange movements<span class=\"_ _208\"> </span></div></td><td class=\"c n x2e0 y1fae w144 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls117 ws10f\">2<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>5<span class=\"_ _208\"> </span></div></td><td class=\"c n x2e1 y1fae w145 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">1,1<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>1<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f54 w146 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Other (expense) / income<span class=\"_ _208\"> </span></div></td><td class=\"c n x2e2 y1f54 w147 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa5 wsa6\">(1,<span class=\"_ _4\"></span>47<span class=\"_ _4\"></span>2)<span class=\"_ _208\"> </span></div></td><td class=\"c n x2e3 y1f54 w135 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa9 wsaa\">1,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>3<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w148 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal other operating income<span class=\"_ _208\"> </span></div></td><td class=\"c n x2e4 y1f44 w43 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls1b ws1b\">2,4<span class=\"_ _4\"></span>38<span class=\"_ _208\"> </span></div></td><td class=\"c n x2e5 y1f44 w149 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">5,94<span class=\"_ _4\"></span>4</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-207": {
   "value": "5. <span class=\"_ _12f\"> </span>OTH<span class=\"_ _4\"></span>ER OPE<span class=\"_ _4\"></span>RATING I<span class=\"_ _4\"></span>NCO<span class=\"_ _4\"></span>ME <table class=\"s w13f haa\" id=\"_90eed89f-59a6-4932-b384-db3068b5d951\"><tr><td></td><td class=\"t m1 x193 h2b y1ff5 ff1 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended<span class=\"_ _208\"> </span></td><td class=\"t m1 x194 h14 y1ff6 ff4 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"t m1 x195 h2b y1ff7 ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x196 h14 y1ff8 ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"t m1 x198 h2b y1ff9 ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x199 h14 y1ffa ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y1f27 w140 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Fair value movement on foreign exchange contracts<span class=\"_ _208\"> </span></div></td><td class=\"c n x2de y1f27 w141 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa5 wsa6\">1,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _208\"> </span></div></td><td class=\"c n x2df y1f27 w142 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls2b ws2a\">3<span class=\"_ _4\"></span>,25<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1fae w143 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Other gains on foreign exchange movements<span class=\"_ _208\"> </span></div></td><td class=\"c n x2e0 y1fae w144 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls117 ws10f\">2<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>5<span class=\"_ _208\"> </span></div></td><td class=\"c n x2e1 y1fae w145 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">1,1<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>1<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f54 w146 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Other (expense) / income<span class=\"_ _208\"> </span></div></td><td class=\"c n x2e2 y1f54 w147 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa5 wsa6\">(1,<span class=\"_ _4\"></span>47<span class=\"_ _4\"></span>2)<span class=\"_ _208\"> </span></div></td><td class=\"c n x2e3 y1f54 w135 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa9 wsaa\">1,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>3<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w148 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal other operating income<span class=\"_ _208\"> </span></div></td><td class=\"c n x2e4 y1f44 w43 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls1b ws1b\">2,4<span class=\"_ _4\"></span>38<span class=\"_ _208\"> </span></div></td><td class=\"c n x2e5 y1f44 w149 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">5,94<span class=\"_ _4\"></span>4</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-193": {
   "value": "5. <span class=\"_ _12f\"> </span>OTH<span class=\"_ _4\"></span>ER OPE<span class=\"_ _4\"></span>RATING I<span class=\"_ _4\"></span>NCO<span class=\"_ _4\"></span>ME <table class=\"s w13f haa\" id=\"_90eed89f-59a6-4932-b384-db3068b5d951\"><tr><td></td><td class=\"t m1 x193 h2b y1ff5 ff1 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended<span class=\"_ _208\"> </span></td><td class=\"t m1 x194 h14 y1ff6 ff4 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"t m1 x195 h2b y1ff7 ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x196 h14 y1ff8 ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"t m1 x198 h2b y1ff9 ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x199 h14 y1ffa ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y1f27 w140 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Fair value movement on foreign exchange contracts<span class=\"_ _208\"> </span></div></td><td class=\"c n x2de y1f27 w141 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa5 wsa6\">1,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _208\"> </span></div></td><td class=\"c n x2df y1f27 w142 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls2b ws2a\">3<span class=\"_ _4\"></span>,25<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1fae w143 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Other gains on foreign exchange movements<span class=\"_ _208\"> </span></div></td><td class=\"c n x2e0 y1fae w144 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls117 ws10f\">2<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>5<span class=\"_ _208\"> </span></div></td><td class=\"c n x2e1 y1fae w145 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">1,1<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>1<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f54 w146 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Other (expense) / income<span class=\"_ _208\"> </span></div></td><td class=\"c n x2e2 y1f54 w147 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa5 wsa6\">(1,<span class=\"_ _4\"></span>47<span class=\"_ _4\"></span>2)<span class=\"_ _208\"> </span></div></td><td class=\"c n x2e3 y1f54 w135 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa9 wsaa\">1,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>3<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w148 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal other operating income<span class=\"_ _208\"> </span></div></td><td class=\"c n x2e4 y1f44 w43 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls1b ws1b\">2,4<span class=\"_ _4\"></span>38<span class=\"_ _208\"> </span></div></td><td class=\"c n x2e5 y1f44 w149 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">5,94<span class=\"_ _4\"></span>4</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-175": {
   "value": "<div class=\"t m1 h2 ff1 fs0 fc3 sc0 ls17 ws18 gsa3\">6. <span class=\"_ _119\"> </span>TR<span class=\"_ _4\"></span>ANSACTION COSTS<span class=\"_ _208\"> </span></div><div class=\"gsa1\"><table class=\"s w14a hab\" id=\"_ff593aeb-fe93-49e8-a9a5-b3c34a9bf6ef\"><tr><td></td><td class=\"t m1 x193 h2b y1ffb ff1 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended<span class=\"_ _208\"> </span></td><td class=\"t m1 x194 h14 y1ffc ff4 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"t m1 x195 h2b y1ffd ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x196 h14 y1ffe ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"t m1 x198 h2b y1fff ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x199 h14 y2000 ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y1f3f w14b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Investment advisory costs<span class=\"_ _208\"> </span></div></td><td class=\"c n x2e6 y1f3f w14c h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa5 wsa6\">1,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td><td class=\"c n x2e7 y1f3f w14d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa9 wsaa\">1,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>21<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f54 w14e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Other transaction costs<span class=\"_ _208\"> </span></div></td><td class=\"c n x2e8 y1f54 w14f h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls10d ws105\">11<span class=\"_ _4\"></span>4<span class=\"_ _208\"> </span></div></td><td class=\"c n x2e9 y1f54 w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w150 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal transaction costs<span class=\"_ _208\"> </span></div></td><td class=\"c n x2ea y1f44 w151 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls8b ws8a\">1,<span class=\"_ _4\"></span>612<span class=\"_ _208\"> </span></div></td><td class=\"c n x2eb y1f44 w8c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa9 wsaa\">1,<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>1<span class=\"_ _208\"> </span></div></td></tr></table></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsa4\">Details of total transaction costs paid to the Investment Adviser are pr<span class=\"_ _6\"></span>ovided in note 17.</div>",
   "dimensions": {
    "concept": "inpp:DisclosureOfTransactionCosts",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-176": {
   "value": "<div class=\"t m1 h2 ff1 fs0 fc3 sc0 ls6e ws6a gsa6\">7<span class=\"_ _1\"></span>. <span class=\"_ _119\"> </span>AUDIT<span class=\"_ _6\"></span>OR\u2019S REMUNERA<span class=\"_ _1\"></span>TION<span class=\"_ _208\"> </span></div><div class=\"gsa7\"><table class=\"s w152 hac\" id=\"_31c1f1f1-9092-47c6-800d-d7ef961badb3\"><tr><td></td><td></td><td class=\"t m1 x21e h2b y2001 ff1 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended<span class=\"_ _208\"> </span></td><td class=\"t m1 x21f h14 y2002 ff4 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended<span class=\"_ _208\"> </span></td></tr><tr><td></td><td></td><td class=\"t m1 x220 h2b y2003 ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x221 h14 y2004 ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td></td><td></td><td class=\"t m1 x1ce h2b y2005 ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x1cf h14 y2006 ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"t m1 x1d4 h8 y2007 ff4 fs0 fc0 sc0 ls0 ws0\">Fees payable to the Group\u2019<span class=\"_ _3\"></span>s auditor (PwC CI LLP) for the audit of the Group\u2019<span class=\"_ _3\"></span>s </td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y2008 w153 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">financial<span class=\"_ gs66\"> </span>statements<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x2ec y2008 w154 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls130 ws12e\">685<span class=\"_ _208\"> </span></div></td><td class=\"c n x2ed y2008 w155 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa2 wsa3\">626<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x1d4 h8 y2009 ff4 fs0 fc0 sc0 ls0 ws0\">Fees payable to the Group\u2019<span class=\"_ _3\"></span>s auditor and their associates (PwC LLP<span class=\"_ _3\"></span>, UK)  </td><td></td><td></td><td></td></tr><tr><td class=\"t m1 x1d4 h8 y200a ff4 fs0 fc0 sc0 ls0 ws0\">for other services to the Group<span class=\"_ _208\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y1ff4 w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td><td class=\"c n x2ee y1ff4 w156 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">The audit of the Group\u2019<span class=\"_ _3\"></span>s consolidated subsidiaries<span class=\"_ _208\"> </span></div></td><td class=\"c n x2ef y1ff4 w157 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls118 ws110\">28<span class=\"_ _208\"> </span></div></td><td class=\"c n x2f0 y1ff4 w158 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa7 wsa8\">24<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y200b w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td><td class=\"c n x2ee y200b w159 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">The audit of the Group\u2019<span class=\"_ _3\"></span>s unconsolidated subsidiaries<span class=\"_ _208\"> </span></div></td><td class=\"c n x1d7 y200b w15a h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls90 ws92\">235<span class=\"_ _208\"> </span></div></td><td class=\"c n x2f1 y200b w15b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls63 ws5d\">215<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1fec w15c h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal audit fees<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x2f2 y1fec w61 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls112 ws10b\">948<span class=\"_ _208\"> </span></div></td><td class=\"c n x2f3 y1fec w15d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsb0 wsb0\">865<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x1d4 h8 y200c ff4 fs0 fc0 sc0 ls0 ws0\">Other fees<span class=\"_ _208\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y1f54 w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td><td class=\"c n x2ee y1f54 w15e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Interim review<span class=\"_ _208\"> </span></div></td><td class=\"c n x2f4 y1f54 w15f h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls133 ws131\">88<span class=\"_ _208\"> </span></div></td><td class=\"c n x2f5 y1f54 w160 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">83<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w161 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal non-audit fees<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x2f6 y1f44 w15f h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls133 ws131\">88<span class=\"_ _208\"> </span></div></td><td class=\"c n x2f7 y1f44 w160 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">83</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-194": {
   "value": "7<span class=\"_ _1\"></span>. <span class=\"_ _119\"> </span>AUDIT<span class=\"_ _6\"></span>OR\u2019S REMUNERA<span class=\"_ _1\"></span>TION<span class=\"_ _208\"> </span><table class=\"s w152 hac\" id=\"_31c1f1f1-9092-47c6-800d-d7ef961badb3\"><tr><td></td><td></td><td class=\"t m1 x21e h2b y2001 ff1 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended<span class=\"_ _208\"> </span></td><td class=\"t m1 x21f h14 y2002 ff4 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended<span class=\"_ _208\"> </span></td></tr><tr><td></td><td></td><td class=\"t m1 x220 h2b y2003 ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x221 h14 y2004 ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td></td><td></td><td class=\"t m1 x1ce h2b y2005 ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x1cf h14 y2006 ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"t m1 x1d4 h8 y2007 ff4 fs0 fc0 sc0 ls0 ws0\">Fees payable to the Group\u2019<span class=\"_ _3\"></span>s auditor (PwC CI LLP) for the audit of the Group\u2019<span class=\"_ _3\"></span>s </td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y2008 w153 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">financial<span class=\"_ gs66\"> </span>statements<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x2ec y2008 w154 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls130 ws12e\">685<span class=\"_ _208\"> </span></div></td><td class=\"c n x2ed y2008 w155 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa2 wsa3\">626<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x1d4 h8 y2009 ff4 fs0 fc0 sc0 ls0 ws0\">Fees payable to the Group\u2019<span class=\"_ _3\"></span>s auditor and their associates (PwC LLP<span class=\"_ _3\"></span>, UK)  </td><td></td><td></td><td></td></tr><tr><td class=\"t m1 x1d4 h8 y200a ff4 fs0 fc0 sc0 ls0 ws0\">for other services to the Group<span class=\"_ _208\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y1ff4 w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td><td class=\"c n x2ee y1ff4 w156 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">The audit of the Group\u2019<span class=\"_ _3\"></span>s consolidated subsidiaries<span class=\"_ _208\"> </span></div></td><td class=\"c n x2ef y1ff4 w157 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls118 ws110\">28<span class=\"_ _208\"> </span></div></td><td class=\"c n x2f0 y1ff4 w158 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa7 wsa8\">24<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y200b w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td><td class=\"c n x2ee y200b w159 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">The audit of the Group\u2019<span class=\"_ _3\"></span>s unconsolidated subsidiaries<span class=\"_ _208\"> </span></div></td><td class=\"c n x1d7 y200b w15a h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls90 ws92\">235<span class=\"_ _208\"> </span></div></td><td class=\"c n x2f1 y200b w15b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls63 ws5d\">215<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1fec w15c h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal audit fees<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x2f2 y1fec w61 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls112 ws10b\">948<span class=\"_ _208\"> </span></div></td><td class=\"c n x2f3 y1fec w15d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsb0 wsb0\">865<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x1d4 h8 y200c ff4 fs0 fc0 sc0 ls0 ws0\">Other fees<span class=\"_ _208\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y1f54 w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td><td class=\"c n x2ee y1f54 w15e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Interim review<span class=\"_ _208\"> </span></div></td><td class=\"c n x2f4 y1f54 w15f h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls133 ws131\">88<span class=\"_ _208\"> </span></div></td><td class=\"c n x2f5 y1f54 w160 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">83<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w161 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal non-audit fees<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x2f6 y1f44 w15f h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls133 ws131\">88<span class=\"_ _208\"> </span></div></td><td class=\"c n x2f7 y1f44 w160 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">83</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-228": {
   "value": "8<span class=\"_ _4\"></span>. <span class=\"_ _119\"> </span>FIN<span class=\"_ _4\"></span>AN<span class=\"_ _4\"></span>CE COS<span class=\"_ _4\"></span>TS AN<span class=\"_ _4\"></span>D BAN<span class=\"_ _4\"></span>K LOANS<span class=\"_ _208\"> </span>AC<span class=\"_ _2\"></span>COUNTING<span class=\"_ _2\"></span> POLIC<span class=\"_ _6\"></span>Y<span class=\"_ _208\"> </span>Interest bearing loans and over<span class=\"_ _6\"></span>drafts are initially recorded as the pr<span class=\"_ _6\"></span>oceeds received net of any directly attributable issue costs. Subsequent measurement is at amortised cost, with borr<span class=\"_ _6\"></span>owing costs recognised in the Consolidated Statement of Comprehensive Income in the year in which they are incurr<span class=\"_ _6\"></span>ed, using the effective interest rate method. Arrangement fees are amortised over the term of the CDF<span class=\"_ _3\"></span>.<span class=\"_ _208\"> </span>Finance costs for the year were \u00a34.0m (December 2023: \u00a37.3m). The Gr<span class=\"_ _6\"></span>oup has a CDF with \u00a3250m available on a fully committed basis, with a flexible \u2018accordion\u2019 component which will, subject to lender appr<span class=\"_ _6\"></span>oval, allow for a future extension by an additional \u00a350m. The interest rate margin on the CDF in the year was 170 basis points over SONIA. The current CDF r<span class=\"_ _6\"></span>emains in place until June 2025, after which a renewed facility will take ef<span class=\"_ _6\"></span>fect. The new facility is expected to have broadly the same terms and structure as the current facility<span class=\"_ _3\"></span>, with no repayments due ahead of maturity<span class=\"_ _3\"></span>, and is secured over the assets of the Group. The curr<span class=\"_ _2\"></span>ent banking group for the facility consists of National Australia Bank, the Royal Bank of Scotland International, Sumitomo Mitsui Banking Corporation and Barclays Bank. From June 2025, the banking group will consist of Internationale Nederlanden Groep, National Australia Bank, the Royal Bank of Scotland International, and Barclays Bank. As at December 2024 the facility was undrawn (December 2023: \u00a365.0m cash drawn), with \u00a313.5m committed under letter of credit (December 2023: \u00a316.4m drawn under letter of cr<span class=\"_ _6\"></span>edit). The uncommitted balance of the facility which was not cash drawn or notionally drawn via letters of credit, was c.\u00a3236.5m (December 2023: \u00a3268.6m).<span class=\"_ _208\"> </span>Financial liabilities, other than those specifically accounted for under a separate policy<span class=\"_ _1\"></span>, are measur<span class=\"_ _2\"></span>ed at amortised cost and stated based on the amounts which are consider<span class=\"_ _6\"></span>ed to be payable in respect of goods or services received up to the financial reporting date. The accounting policy for bank loans is included earlier in note 8.<span class=\"_ _208\"> </span>The carrying value of financial assets and liabilities held at amortised cost is considered to appr<span class=\"_ _6\"></span>oximate their fair value.<span class=\"_ _208\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-225": {
   "value": "8<span class=\"_ _4\"></span>. <span class=\"_ _119\"> </span>FIN<span class=\"_ _4\"></span>AN<span class=\"_ _4\"></span>CE COS<span class=\"_ _4\"></span>TS AN<span class=\"_ _4\"></span>D BAN<span class=\"_ _4\"></span>K LOANS<span class=\"_ _208\"> </span>AC<span class=\"_ _2\"></span>COUNTING<span class=\"_ _2\"></span> POLIC<span class=\"_ _6\"></span>Y<span class=\"_ _208\"> </span>Interest bearing loans and over<span class=\"_ _6\"></span>drafts are initially recorded as the pr<span class=\"_ _6\"></span>oceeds received net of any directly attributable issue costs. Subsequent measurement is at amortised cost, with borr<span class=\"_ _6\"></span>owing costs recognised in the Consolidated Statement of Comprehensive Income in the year in which they are incurr<span class=\"_ _6\"></span>ed, using the effective interest rate method. Arrangement fees are amortised over the term of the CDF<span class=\"_ _3\"></span>.<span class=\"_ _208\"> </span>Finance costs for the year were \u00a34.0m (December 2023: \u00a37.3m). The Gr<span class=\"_ _6\"></span>oup has a CDF with \u00a3250m available on a fully committed basis, with a flexible \u2018accordion\u2019 component which will, subject to lender appr<span class=\"_ _6\"></span>oval, allow for a future extension by an additional \u00a350m. The interest rate margin on the CDF in the year was 170 basis points over SONIA. The current CDF r<span class=\"_ _6\"></span>emains in place until June 2025, after which a renewed facility will take ef<span class=\"_ _6\"></span>fect. The new facility is expected to have broadly the same terms and structure as the current facility<span class=\"_ _3\"></span>, with no repayments due ahead of maturity<span class=\"_ _3\"></span>, and is secured over the assets of the Group. The curr<span class=\"_ _2\"></span>ent banking group for the facility consists of National Australia Bank, the Royal Bank of Scotland International, Sumitomo Mitsui Banking Corporation and Barclays Bank. From June 2025, the banking group will consist of Internationale Nederlanden Groep, National Australia Bank, the Royal Bank of Scotland International, and Barclays Bank. As at December 2024 the facility was undrawn (December 2023: \u00a365.0m cash drawn), with \u00a313.5m committed under letter of credit (December 2023: \u00a316.4m drawn under letter of cr<span class=\"_ _6\"></span>edit). The uncommitted balance of the facility which was not cash drawn or notionally drawn via letters of credit, was c.\u00a3236.5m (December 2023: \u00a3268.6m).<span class=\"_ _208\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-222": {
   "value": "8<span class=\"_ _4\"></span>. <span class=\"_ _119\"> </span>FIN<span class=\"_ _4\"></span>AN<span class=\"_ _4\"></span>CE COS<span class=\"_ _4\"></span>TS AN<span class=\"_ _4\"></span>D BAN<span class=\"_ _4\"></span>K LOANS<span class=\"_ _208\"> </span>AC<span class=\"_ _2\"></span>COUNTING<span class=\"_ _2\"></span> POLIC<span class=\"_ _6\"></span>Y<span class=\"_ _208\"> </span>Interest bearing loans and over<span class=\"_ _6\"></span>drafts are initially recorded as the pr<span class=\"_ _6\"></span>oceeds received net of any directly attributable issue costs. Subsequent measurement is at amortised cost, with borr<span class=\"_ _6\"></span>owing costs recognised in the Consolidated Statement of Comprehensive Income in the year in which they are incurr<span class=\"_ _6\"></span>ed, using the effective interest rate method. Arrangement fees are amortised over the term of the CDF<span class=\"_ _3\"></span>.<span class=\"_ _208\"> </span>Finance costs for the year were \u00a34.0m (December 2023: \u00a37.3m). The Gr<span class=\"_ _6\"></span>oup has a CDF with \u00a3250m available on a fully committed basis, with a flexible \u2018accordion\u2019 component which will, subject to lender appr<span class=\"_ _6\"></span>oval, allow for a future extension by an additional \u00a350m. The interest rate margin on the CDF in the year was 170 basis points over SONIA. The current CDF r<span class=\"_ _6\"></span>emains in place until June 2025, after which a renewed facility will take ef<span class=\"_ _6\"></span>fect. The new facility is expected to have broadly the same terms and structure as the current facility<span class=\"_ _3\"></span>, with no repayments due ahead of maturity<span class=\"_ _3\"></span>, and is secured over the assets of the Group. The curr<span class=\"_ _2\"></span>ent banking group for the facility consists of National Australia Bank, the Royal Bank of Scotland International, Sumitomo Mitsui Banking Corporation and Barclays Bank. From June 2025, the banking group will consist of Internationale Nederlanden Groep, National Australia Bank, the Royal Bank of Scotland International, and Barclays Bank. As at December 2024 the facility was undrawn (December 2023: \u00a365.0m cash drawn), with \u00a313.5m committed under letter of credit (December 2023: \u00a316.4m drawn under letter of cr<span class=\"_ _6\"></span>edit). The uncommitted balance of the facility which was not cash drawn or notionally drawn via letters of credit, was c.\u00a3236.5m (December 2023: \u00a3268.6m).<span class=\"_ _208\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingCostsExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-220": {
   "value": "8<span class=\"_ _4\"></span>. <span class=\"_ _119\"> </span>FIN<span class=\"_ _4\"></span>AN<span class=\"_ _4\"></span>CE COS<span class=\"_ _4\"></span>TS AN<span class=\"_ _4\"></span>D BAN<span class=\"_ _4\"></span>K LOANS<span class=\"_ _208\"> </span>AC<span class=\"_ _2\"></span>COUNTING<span class=\"_ _2\"></span> POLIC<span class=\"_ _6\"></span>Y<span class=\"_ _208\"> </span>Interest bearing loans and over<span class=\"_ _6\"></span>drafts are initially recorded as the pr<span class=\"_ _6\"></span>oceeds received net of any directly attributable issue costs. Subsequent measurement is at amortised cost, with borr<span class=\"_ _6\"></span>owing costs recognised in the Consolidated Statement of Comprehensive Income in the year in which they are incurr<span class=\"_ _6\"></span>ed, using the effective interest rate method. Arrangement fees are amortised over the term of the CDF<span class=\"_ _3\"></span>.<span class=\"_ _208\"> </span>Finance costs for the year were \u00a34.0m (December 2023: \u00a37.3m). The Gr<span class=\"_ _6\"></span>oup has a CDF with \u00a3250m available on a fully committed basis, with a flexible \u2018accordion\u2019 component which will, subject to lender appr<span class=\"_ _6\"></span>oval, allow for a future extension by an additional \u00a350m. The interest rate margin on the CDF in the year was 170 basis points over SONIA. The current CDF r<span class=\"_ _6\"></span>emains in place until June 2025, after which a renewed facility will take ef<span class=\"_ _6\"></span>fect. The new facility is expected to have broadly the same terms and structure as the current facility<span class=\"_ _3\"></span>, with no repayments due ahead of maturity<span class=\"_ _3\"></span>, and is secured over the assets of the Group. The curr<span class=\"_ _2\"></span>ent banking group for the facility consists of National Australia Bank, the Royal Bank of Scotland International, Sumitomo Mitsui Banking Corporation and Barclays Bank. From June 2025, the banking group will consist of Internationale Nederlanden Groep, National Australia Bank, the Royal Bank of Scotland International, and Barclays Bank. As at December 2024 the facility was undrawn (December 2023: \u00a365.0m cash drawn), with \u00a313.5m committed under letter of credit (December 2023: \u00a316.4m drawn under letter of cr<span class=\"_ _6\"></span>edit). The uncommitted balance of the facility which was not cash drawn or notionally drawn via letters of credit, was c.\u00a3236.5m (December 2023: \u00a3268.6m).<span class=\"_ _208\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-208": {
   "value": "8<span class=\"_ _4\"></span>. <span class=\"_ _119\"> </span>FIN<span class=\"_ _4\"></span>AN<span class=\"_ _4\"></span>CE COS<span class=\"_ _4\"></span>TS AN<span class=\"_ _4\"></span>D BAN<span class=\"_ _4\"></span>K LOANS<span class=\"_ _208\"> </span>AC<span class=\"_ _2\"></span>COUNTING<span class=\"_ _2\"></span> POLIC<span class=\"_ _6\"></span>Y<span class=\"_ _208\"> </span>Interest bearing loans and over<span class=\"_ _6\"></span>drafts are initially recorded as the pr<span class=\"_ _6\"></span>oceeds received net of any directly attributable issue costs. Subsequent measurement is at amortised cost, with borr<span class=\"_ _6\"></span>owing costs recognised in the Consolidated Statement of Comprehensive Income in the year in which they are incurr<span class=\"_ _6\"></span>ed, using the effective interest rate method. Arrangement fees are amortised over the term of the CDF<span class=\"_ _3\"></span>.<span class=\"_ _208\"> </span>Finance costs for the year were \u00a34.0m (December 2023: \u00a37.3m). The Gr<span class=\"_ _6\"></span>oup has a CDF with \u00a3250m available on a fully committed basis, with a flexible \u2018accordion\u2019 component which will, subject to lender appr<span class=\"_ _6\"></span>oval, allow for a future extension by an additional \u00a350m. The interest rate margin on the CDF in the year was 170 basis points over SONIA. The current CDF r<span class=\"_ _6\"></span>emains in place until June 2025, after which a renewed facility will take ef<span class=\"_ _6\"></span>fect. The new facility is expected to have broadly the same terms and structure as the current facility<span class=\"_ _3\"></span>, with no repayments due ahead of maturity<span class=\"_ _3\"></span>, and is secured over the assets of the Group. The curr<span class=\"_ _2\"></span>ent banking group for the facility consists of National Australia Bank, the Royal Bank of Scotland International, Sumitomo Mitsui Banking Corporation and Barclays Bank. From June 2025, the banking group will consist of Internationale Nederlanden Groep, National Australia Bank, the Royal Bank of Scotland International, and Barclays Bank. As at December 2024 the facility was undrawn (December 2023: \u00a365.0m cash drawn), with \u00a313.5m committed under letter of credit (December 2023: \u00a316.4m drawn under letter of cr<span class=\"_ _6\"></span>edit). The uncommitted balance of the facility which was not cash drawn or notionally drawn via letters of credit, was c.\u00a3236.5m (December 2023: \u00a3268.6m).<span class=\"_ _208\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-195": {
   "value": "8<span class=\"_ _4\"></span>. <span class=\"_ _119\"> </span>FIN<span class=\"_ _4\"></span>AN<span class=\"_ _4\"></span>CE COS<span class=\"_ _4\"></span>TS AN<span class=\"_ _4\"></span>D BAN<span class=\"_ _4\"></span>K LOANS<span class=\"_ _208\"> </span>AC<span class=\"_ _2\"></span>COUNTING<span class=\"_ _2\"></span> POLIC<span class=\"_ _6\"></span>Y<span class=\"_ _208\"> </span>Interest bearing loans and over<span class=\"_ _6\"></span>drafts are initially recorded as the pr<span class=\"_ _6\"></span>oceeds received net of any directly attributable issue costs. Subsequent measurement is at amortised cost, with borr<span class=\"_ _6\"></span>owing costs recognised in the Consolidated Statement of Comprehensive Income in the year in which they are incurr<span class=\"_ _6\"></span>ed, using the effective interest rate method. Arrangement fees are amortised over the term of the CDF<span class=\"_ _3\"></span>.<span class=\"_ _208\"> </span>Finance costs for the year were \u00a34.0m (December 2023: \u00a37.3m). The Gr<span class=\"_ _6\"></span>oup has a CDF with \u00a3250m available on a fully committed basis, with a flexible \u2018accordion\u2019 component which will, subject to lender appr<span class=\"_ _6\"></span>oval, allow for a future extension by an additional \u00a350m. The interest rate margin on the CDF in the year was 170 basis points over SONIA. The current CDF r<span class=\"_ _6\"></span>emains in place until June 2025, after which a renewed facility will take ef<span class=\"_ _6\"></span>fect. The new facility is expected to have broadly the same terms and structure as the current facility<span class=\"_ _3\"></span>, with no repayments due ahead of maturity<span class=\"_ _3\"></span>, and is secured over the assets of the Group. The curr<span class=\"_ _2\"></span>ent banking group for the facility consists of National Australia Bank, the Royal Bank of Scotland International, Sumitomo Mitsui Banking Corporation and Barclays Bank. From June 2025, the banking group will consist of Internationale Nederlanden Groep, National Australia Bank, the Royal Bank of Scotland International, and Barclays Bank. As at December 2024 the facility was undrawn (December 2023: \u00a365.0m cash drawn), with \u00a313.5m committed under letter of credit (December 2023: \u00a316.4m drawn under letter of cr<span class=\"_ _6\"></span>edit). The uncommitted balance of the facility which was not cash drawn or notionally drawn via letters of credit, was c.\u00a3236.5m (December 2023: \u00a3268.6m).<span class=\"_ _208\"> </span>1<span class=\"_ _1\"></span>1.2 <span class=\"_ _119\"> </span>FINANCIAL L<span class=\"_ _2\"></span>IABILITIES<span class=\"_ _208\"> </span><table class=\"s w17b hb3\" id=\"_38b08607-6843-4257-bdd8-53e7e620824a\"><tr><td></td><td class=\"t m1 x220 h2b y202a ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x221 h14 y202a ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"t m1 x1ce h2b y202b ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x1cf h14 y202b ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"t m1 x1d4 h2 y202c ff1 fs0 fc0 sc0 ls0 ws0\">Financial liabilities at amortised cost<span class=\"_ _208\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x19b y1f3f w17c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>rade and other payables<span class=\"_ _208\"> </span></div></td><td class=\"c n x20b y1f3f w96 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls10d ws105\">11<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>2<span class=\"_ _208\"> </span></div></td><td class=\"c n x20c y1f3f w97 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">11<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"> </span>4<span class=\"_ _4\"></span>7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f54 w17d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Bank loans<span class=\"_ _208\"> </span></div></td><td class=\"c n x30e y1f54 w6d h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td><td class=\"c n x30f y1f54 w99 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls110 ws108\">65<span class=\"_ _6\"></span>,000<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w17e h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal financial liabilities<span class=\"_ _208\"> </span></div></td><td class=\"c n x310 y1f44 w93 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls10d ws105\">11<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>2<span class=\"_ _208\"> </span></div></td><td class=\"c n x311 y1f44 w17f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls126 ws120\">7<span class=\"_ _4\"></span>6,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>47<span class=\"_ _208\"> </span></div></td></tr></table>AC<span class=\"_ _2\"></span>COUNTING<span class=\"_ _2\"></span> POLIC<span class=\"_ _6\"></span>Y<span class=\"_ _208\"> </span>Financial<span class=\"_ _2\"></span> liabilities<span class=\"_ _208\"> </span>Financial liabilities, other than those specifically accounted for under a separate policy<span class=\"_ _1\"></span>, are measur<span class=\"_ _2\"></span>ed at amortised cost and stated based on the amounts which are consider<span class=\"_ _6\"></span>ed to be payable in respect of goods or services received up to the financial reporting date. The accounting policy for bank loans is included earlier in note 8.<span class=\"_ _208\"> </span>The carrying value of financial assets and liabilities held at amortised cost is considered to appr<span class=\"_ _6\"></span>oximate their fair value.<span class=\"_ _208\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-177": {
   "value": "8<span class=\"_ _4\"></span>. <span class=\"_ _119\"> </span>FIN<span class=\"_ _4\"></span>AN<span class=\"_ _4\"></span>CE COS<span class=\"_ _4\"></span>TS AN<span class=\"_ _4\"></span>D BAN<span class=\"_ _4\"></span>K LOANS<span class=\"_ _208\"> </span>AC<span class=\"_ _2\"></span>COUNTING<span class=\"_ _2\"></span> POLIC<span class=\"_ _6\"></span>Y<span class=\"_ _208\"> </span>Interest bearing loans and over<span class=\"_ _6\"></span>drafts are initially recorded as the pr<span class=\"_ _6\"></span>oceeds received net of any directly attributable issue costs. Subsequent measurement is at amortised cost, with borr<span class=\"_ _6\"></span>owing costs recognised in the Consolidated Statement of Comprehensive Income in the year in which they are incurr<span class=\"_ _6\"></span>ed, using the effective interest rate method. Arrangement fees are amortised over the term of the CDF<span class=\"_ _3\"></span>.<span class=\"_ _208\"> </span>Finance costs for the year were \u00a34.0m (December 2023: \u00a37.3m). The Gr<span class=\"_ _6\"></span>oup has a CDF with \u00a3250m available on a fully committed basis, with a flexible \u2018accordion\u2019 component which will, subject to lender appr<span class=\"_ _6\"></span>oval, allow for a future extension by an additional \u00a350m. The interest rate margin on the CDF in the year was 170 basis points over SONIA. The current CDF r<span class=\"_ _6\"></span>emains in place until June 2025, after which a renewed facility will take ef<span class=\"_ _6\"></span>fect. The new facility is expected to have broadly the same terms and structure as the current facility<span class=\"_ _3\"></span>, with no repayments due ahead of maturity<span class=\"_ _3\"></span>, and is secured over the assets of the Group. The curr<span class=\"_ _2\"></span>ent banking group for the facility consists of National Australia Bank, the Royal Bank of Scotland International, Sumitomo Mitsui Banking Corporation and Barclays Bank. From June 2025, the banking group will consist of Internationale Nederlanden Groep, National Australia Bank, the Royal Bank of Scotland International, and Barclays Bank. As at December 2024 the facility was undrawn (December 2023: \u00a365.0m cash drawn), with \u00a313.5m committed under letter of credit (December 2023: \u00a316.4m drawn under letter of cr<span class=\"_ _6\"></span>edit). The uncommitted balance of the facility which was not cash drawn or notionally drawn via letters of credit, was c.\u00a3236.5m (December 2023: \u00a3268.6m).<span class=\"_ _208\"> </span>1<span class=\"_ _1\"></span>1.<span class=\"_ _6\"></span> <span class=\"_ _12f\"> </span>FINANCIAL INST<span class=\"_ _2\"></span>RUMENTS<span class=\"_ _208\"> </span>Financial assets and financial liabilities are r<span class=\"_ _6\"></span>ecognised when the Group becomes a party to the contractual provisions of the instrument. Financial assets are der<span class=\"_ _6\"></span>ecognised when the contractual rights to the cash flows from the instrument expire or the asset is transferred,  and the transfer qualifies for derecognition in accor<span class=\"_ _6\"></span>dance with IFRS 9 Financial Instruments. Financial liabilities are derecognised when  the obligation is discharged, cancelled or expired. Specific financial asset and liability accounting policies ar<span class=\"_ _6\"></span>e provided below<span class=\"_ _6\"></span>. 1<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>1 <span class=\"_ _119\"> </span>FINANCIAL<span class=\"_ _2\"></span> ASSETS<span class=\"_ _208\"> </span><table class=\"s w13f hb2\" id=\"_2edaa2ec-9f1c-44b6-b830-0f99a084cc3f\"><tr><td></td><td class=\"t m1 x195 h2b y2025 ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x196 h14 y2025 ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"t m1 x198 h2b y2026 ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x199 h14 y2026 ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y2027 w173 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">Investments at fair value through pr<span class=\"_ _6\"></span>ofit and loss<span class=\"_ _208\"> </span></div></td><td class=\"c n x307 y2027 w83 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls113 wsf7\">2<span class=\"_ _4\"></span>,593<span class=\"_ _4\"></span>,056<span class=\"_ _208\"> </span></div></td><td class=\"c n x308 y2027 w84 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls7a ws74\">2,<span class=\"_ _4\"></span>818<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>3<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x19f h2 y2028 ff1 fs0 fc0 sc0 ls0 ws0\">Financial assets at amortised cost<span class=\"_ _208\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x19b y1fad w174 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>rade and other receivables<span class=\"_ _208\"> </span></div></td><td class=\"c n x309 y1fad w10d h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls6a ws66\">5<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>,8<span class=\"_ _4\"></span>10<span class=\"_ _208\"> </span></div></td><td class=\"c n x255 y1fad w175 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls128 ws125\">4<span class=\"_ _4\"></span>3,<span class=\"_ _4\"></span>297<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f27 w176 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Cash and cash equivalents<span class=\"_ _208\"> </span></div></td><td class=\"c n x258 y1f27 wdf h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls49 ws46\">76<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>51<span class=\"_ _208\"> </span></div></td><td class=\"c n x259 y1f27 w87 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsaa wsab\">12<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>61<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x19f h2 y2029 ff1 fs0 fc0 sc0 ls0 ws0\">Derivative financial instruments at fair value through pr<span class=\"_ _6\"></span>ofit or loss<span class=\"_ _208\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x19b y1f54 w177 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Foreign exchange contracts<span class=\"_ _208\"> </span></div></td><td class=\"c n x30a y1f54 w178 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls129 ws126\">3,<span class=\"_ _4\"></span>229<span class=\"_ _208\"> </span></div></td><td class=\"c n x30b y1f54 w179 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa9 wsaa\">1,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>4<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w17a h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal financial assets<span class=\"_ _208\"> </span></div></td><td class=\"c n x30c y1f44 w91 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls118 ws110\">2,<span class=\"_ _2\"></span>728<span class=\"_ _2\"></span>,546<span class=\"_ _208\"> </span></div></td><td class=\"c n x30d y1f44 w92 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls5f ws5a\">2,9<span class=\"_ _4\"></span>92,<span class=\"_ _6\"></span>185<span class=\"_ _208\"> </span></div></td></tr></table>AC<span class=\"_ _2\"></span>COUNTING<span class=\"_ _2\"></span> POLIC<span class=\"_ _6\"></span>Y<span class=\"_ _208\"> </span>The Group classifies its financial assets as at fair value thr<span class=\"_ _6\"></span>ough profit or loss or as financial assets at amortised cost. The classification depends on the purpose for which the financial assets were acquir<span class=\"_ _6\"></span>ed, with investments in unconsolidated subsidiaries (other than those providing investment-r<span class=\"_ _6\"></span>elated services) being at fair value through profit or loss as requir<span class=\"_ _6\"></span>ed by IFRS 10. Inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nts a<span class=\"_ _4\"></span>t fa<span class=\"_ _4\"></span>ir val<span class=\"_ _4\"></span>ue t<span class=\"_ _4\"></span>hr<span class=\"_ _4\"></span>oug<span class=\"_ _4\"></span>h pr<span class=\"_ _4\"></span>ofit o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s<span class=\"_ _208\"> </span>Investments in underlying unconsolidated subsidiaries and other non-controlled investments ar<span class=\"_ _6\"></span>e held in a portfolio, the business model of which is to manage them on a fair value basis. The Group\u2019<span class=\"_ _3\"></span>s policy is to fair value both the equity and debt investments in underlying assets together<span class=\"_ _1\"></span>. All transaction costs relating to the acquisition of new investments ar<span class=\"_ _2\"></span>e recognised dir<span class=\"_ _6\"></span>ectly in profit or loss. Subsequent to initial recognition, equity and debt investments ar<span class=\"_ _6\"></span>e measured at fair value with changes in fair value recognised within total investment income in the Consolidated Statement of Comprehensive Income.<span class=\"_ _208\"> </span>T<span class=\"_ _6\"></span>r<span class=\"_ _4\"></span>ade a<span class=\"_ _4\"></span>nd o<span class=\"_ _4\"></span>th<span class=\"_ _4\"></span>er re<span class=\"_ _4\"></span>ce<span class=\"_ _4\"></span>ivab<span class=\"_ _4\"></span>le<span class=\"_ _4\"></span>s T<span class=\"_ _1\"></span>rade and other receivables that meet the contracted cash flow test as sole payments of principal and inter<span class=\"_ _2\"></span>est and which are held in a business model to receive these contractual cash flows ar<span class=\"_ _6\"></span>e classified as trade and other receivables. Financial assets with maturities less than 12 months are included in curr<span class=\"_ _6\"></span>ent assets, financial assets with maturities greater than 12 months after the balance sheet date are classified as non-current assets.<span class=\"_ _208\"> </span>Cash and<span class=\"_ _6\"></span> cash equivalents<span class=\"_ _208\"> </span>Cash and cash equivalents comprise cash on hand and demand deposits and other short-term highly liquid investments with an original maturity of three months or less that ar<span class=\"_ _6\"></span>e readily convertible to a known amount of cash and are subject to an insignificant risk of changes in<span class=\"_ gs66\"> </span>value.<span class=\"_ _208\"> </span>Derivative<span class=\"_ _6\"></span> financial instruments<span class=\"_ _208\"> </span>Derivatives are classified as financial assets and liabilities at fair value thr<span class=\"_ _6\"></span>ough profit or loss, held for trading. Derivatives are recognised initially<span class=\"_ _1\"></span>, and are subsequently r<span class=\"_ _2\"></span>emeasured, at fair value. Derivatives ar<span class=\"_ _2\"></span>e shown as assets when their fair value is positive or as liabilities when their fair value is negative. Fair value movements on derivative financial instruments held for trading are r<span class=\"_ _6\"></span>ecognised in the Consolidated Statement of Comprehensive Income.<span class=\"_ _208\"> </span>Impairment o<span class=\"_ _2\"></span>f financial<span class=\"_ _6\"></span> assets<span class=\"_ _208\"> </span>Financial assets, other than those classified at fair value through pr<span class=\"_ _6\"></span>ofit or loss, being trade and other receivables adopt a simplified approach to calculate any expected credit losses. 1<span class=\"_ _1\"></span>1.2 <span class=\"_ _119\"> </span>FINANCIAL L<span class=\"_ _2\"></span>IABILITIES<span class=\"_ _208\"> </span><table class=\"s w17b hb3\" id=\"_38b08607-6843-4257-bdd8-53e7e620824a\"><tr><td></td><td class=\"t m1 x220 h2b y202a ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x221 h14 y202a ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"t m1 x1ce h2b y202b ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x1cf h14 y202b ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"t m1 x1d4 h2 y202c ff1 fs0 fc0 sc0 ls0 ws0\">Financial liabilities at amortised cost<span class=\"_ _208\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x19b y1f3f w17c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>rade and other payables<span class=\"_ _208\"> </span></div></td><td class=\"c n x20b y1f3f w96 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls10d ws105\">11<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>2<span class=\"_ _208\"> </span></div></td><td class=\"c n x20c y1f3f w97 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">11<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"> </span>4<span class=\"_ _4\"></span>7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f54 w17d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Bank loans<span class=\"_ _208\"> </span></div></td><td class=\"c n x30e y1f54 w6d h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td><td class=\"c n x30f y1f54 w99 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls110 ws108\">65<span class=\"_ _6\"></span>,000<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w17e h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal financial liabilities<span class=\"_ _208\"> </span></div></td><td class=\"c n x310 y1f44 w93 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls10d ws105\">11<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>2<span class=\"_ _208\"> </span></div></td><td class=\"c n x311 y1f44 w17f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls126 ws120\">7<span class=\"_ _4\"></span>6,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>47<span class=\"_ _208\"> </span></div></td></tr></table>AC<span class=\"_ _2\"></span>COUNTING<span class=\"_ _2\"></span> POLIC<span class=\"_ _6\"></span>Y<span class=\"_ _208\"> </span>Financial<span class=\"_ _2\"></span> liabilities<span class=\"_ _208\"> </span>Financial liabilities, other than those specifically accounted for under a separate policy<span class=\"_ _1\"></span>, are measur<span class=\"_ _2\"></span>ed at amortised cost and stated based on the amounts which are consider<span class=\"_ _6\"></span>ed to be payable in respect of goods or services received up to the financial reporting date. The accounting policy for bank loans is included earlier in note 8.<span class=\"_ _208\"> </span>The carrying value of financial assets and liabilities held at amortised cost is considered to appr<span class=\"_ _6\"></span>oximate their fair value.<span class=\"_ _208\"> </span>1<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>.3 <span class=\"_ _119\"> </span>FINANCIAL<span class=\"_ _6\"></span> RISK MANA<span class=\"_ _2\"></span>GEMENT The Group\u2019<span class=\"_ _3\"></span>s objective in managing risk is the protection of stakeholder value. Risk is inher<span class=\"_ _2\"></span>ent in the Group\u2019<span class=\"_ _3\"></span>s activities and is managed through a pr<span class=\"_ _6\"></span>ocess of ongoing identification, measurement and monitoring, subject to risk limits and other controls. The Group is exposed to market risk (which includes currency risk, inter<span class=\"_ _6\"></span>est rate risk and inflation risk), credit risk and liquidity risk arising from the financial instruments it holds. The Board of Dir<span class=\"_ _6\"></span>ectors is ultimately responsible for the overall risk management of the Group, with delegation of oversight and activities (including identifying and controlling risks) pr<span class=\"_ _6\"></span>ovided to the Audit and Risk Committee and the Group\u2019<span class=\"_ _1\"></span>s Investment Adviser<span class=\"_ _1\"></span>.  The Group\u2019<span class=\"_ _3\"></span>s risk management framework and approach is set out within the Strategic Report (pages 4 to 65). The Boar<span class=\"_ _2\"></span>d takes into  account market, credit and liquidity risks in forming the Gr<span class=\"_ _6\"></span>oup\u2019<span class=\"_ _1\"></span>s risk management strategy<span class=\"_ _1\"></span>.<span class=\"_ _208\"> </span>MARKET R<span class=\"_ _2\"></span>ISK<span class=\"_ _208\"> </span>Market risk is the risk that the fair value or future cash flows of financial instruments will fluctuate due to changes in market variables such as changes in inflation, foreign exchange rates and inter<span class=\"_ _6\"></span>est rates.<span class=\"_ _208\"> </span>Inflation risk<span class=\"_ _208\"> </span>The majority of the Group\u2019<span class=\"_ _3\"></span>s cash flows from underlying investments ar<span class=\"_ _2\"></span>e linked to inflation indices. Changes in inflation rates can have a positive or negative impact on the Group\u2019<span class=\"_ _3\"></span>s cash flows from investments. The long-term inflation assumptions applied in the Gr<span class=\"_ _2\"></span>oup\u2019<span class=\"_ _3\"></span>s valuation of investments at fair value through pr<span class=\"_ _6\"></span>ofit or loss are disclosed in the fair value hierarchy section in note 11.4.<span class=\"_ _208\"> </span>The Group\u2019<span class=\"_ _3\"></span>s portfolio of investments has been developed in anticipation of continued inflation at or above the levels used in the Group\u2019<span class=\"_ _3\"></span>s valuation assumptions. Where inflation is at levels below the assumed levels for a sustained period of time, investment performance may be impaired. The level of inflation-linkage* acr<span class=\"_ _6\"></span>oss the investments held by the Group varies and is not consistent.<span class=\"_ _208\"> </span><div class=\"t m1 h2 ff1 fs0 fc0 sc0 ls2d ws2c gs107\">Interest rate<span class=\"_ _6\"></span> risk<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs108\">Interest rate risk arises fr<span class=\"_ _6\"></span>om the possibility that changes in interest rates will affect future cash flows fr<span class=\"_ _6\"></span>om underlying investments, therefore </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs109\">impacting the value of investments at fair value through pr<span class=\"_ _6\"></span>ofit or loss. The Group has limited exposure to interest rate risk as the underlying </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs10a\">borrowings within the unconsolidated investee entities ar<span class=\"_ _6\"></span>e either hedged through interest rate swap arrangements via an economic hedge, </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs10b\">are fixed rate loans or the risk of adverse movement in inter<span class=\"_ _6\"></span>est rates is limited through protections provided by the r<span class=\"_ _6\"></span>egulatory regime. </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs10c\">For<span class=\"_ gs66\"> </span>example, it is generally a requir<span class=\"_ _6\"></span>ement under a PFI/PPP concession that any borrowings are matched to the life of the concession. </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs10d\">Hedging activities are aligned with the period of the loan, which also mirr<span class=\"_ _6\"></span>ors the concession period and are highly effective. Nevertheless, </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs10e\">refinancing risk exists in a number of such investments. The Gr<span class=\"_ _6\"></span>oup\u2019<span class=\"_ _1\"></span>s CDF is unhedged on the basis that it is utilised as an investment </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs10f\">bridging facility and therefor<span class=\"_ _6\"></span>e drawn for a relatively short period of time. Therefore, the Gr<span class=\"_ _6\"></span>oup is not significantly exposed to cash flow risk </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs110\">due to changes in interest rates over its variable rate borr<span class=\"_ _6\"></span>owings. Interest income on bank deposits held within underlying investments is </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs111\">included within the fair value of investments. </div><div class=\"t m1 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs112\">For<span class=\"_ _4\"></span>eig<span class=\"_ _4\"></span>n cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>y ris<span class=\"_ _4\"></span>k<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs113\">The Group undertakes certain transactions denominated in for<span class=\"_ _6\"></span>eign currencies and therefore is exposed to exchange rate fluctuations. </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs114\">Currency risk arises in financial instruments that ar<span class=\"_ _6\"></span>e denominated in a foreign currency other than the functional currency in which they ar<span class=\"_ _6\"></span>e </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs115\">measured. The Gr<span class=\"_ _6\"></span>oup uses forward foreign exchange contracts to mitigate the risk of short-term volatility in foreign exchange on significant </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs116\">investment returns from overseas investments via an economic hedge. The Gr<span class=\"_ _6\"></span>oup does not hedge its exposure to foreign exchange in </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs117\">relation to for<span class=\"_ _6\"></span>eign currency denominated investment balances. The carrying amounts of the Group\u2019<span class=\"_ _3\"></span>s foreign currency denominated monetary </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs118\">financial instruments at the reporting date ar<span class=\"_ _6\"></span>e set out in the table below.<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs119\">Sensitivity analysis showing the impact of variations of the above risks on the fair value of investments is shown in note 11.5.<span class=\"_ _208\"> </span></div><div class=\"gs11a\"><table class=\"s w13f hb4\" id=\"_48adf76e-5a6a-4bf7-ac23-c3023978e208\"><tr><td></td><td class=\"t m1 x195 h2b y202d ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x196 h14 y202d ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023 </td></tr><tr><td></td><td class=\"t m1 x198 h2b y202e ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x199 h14 y202e ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"t m1 x19f h2 y202f ff1 fs0 fc0 sc0 ls0 ws0\">Cash<span class=\"_ _208\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x19b y2030 w180 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Euro<span class=\"_ _208\"> </span></div></td><td class=\"c n x312 y2030 w181 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls117 ws10f\">1<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>,11<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td><td class=\"c n x313 y2030 w182 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls2b ws2a\">6,<span class=\"_ _4\"></span>925<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2031 w183 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Canadian Dollar<span class=\"_ _208\"> </span></div></td><td class=\"c n x314 y2031 w184 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsac wsac\">326<span class=\"_ _208\"> </span></div></td><td class=\"c n x315 y2031 w185 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10c ws104\">79<span class=\"_ _4\"></span>6<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2032 w186 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Australian Dollar<span class=\"_ _208\"> </span></div></td><td class=\"c n x316 y2032 w187 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls112 ws10b\">1<span class=\"_ _6\"></span>,394<span class=\"_ _208\"> </span></div></td><td class=\"c n x317 y2032 w188 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls49 ws46\">3,4<span class=\"_ _4\"></span>48<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2033 w189 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">New Zealand Dollar<span class=\"_ _208\"> </span></div></td><td class=\"c n x318 y2033 w18a h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls112 ws10b\">2,263<span class=\"_ _208\"> </span></div></td><td class=\"c n x319 y2033 w18b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">5,3<span class=\"_ _4\"></span>62<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2034 w18c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">US Dollar<span class=\"_ _208\"> </span></div></td><td class=\"c n x31a y2034 w18d h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls117 ws10f\">3<span class=\"_ _5\"></span>,14<span class=\"_ _5\"></span>6<span class=\"_ _208\"> </span></div></td><td class=\"c n x31b y2034 w18e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls58 ws53\">4,0<span class=\"_ _4\"></span>60<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2035 w18f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Danish Krone<span class=\"_ _208\"> </span></div></td><td class=\"c n x31c y2035 w190 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa8 wsa9\">15<span class=\"_ _4\"></span>9<span class=\"_ _208\"> </span></div></td><td class=\"c n x31d y2035 w191 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls9b ws76\">362<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x31e y2036 w192 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls58 ws53\">19,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _208\"> </span></div></td><td class=\"c n x31f y2036 w193 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls25 ws24\">2<span class=\"_ _4\"></span>0,95<span class=\"_ _4\"></span>3<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x19f h2 y2037 ff1 fs0 fc0 sc0 ls0 ws0\">Current r<span class=\"_ _6\"></span>eceivables </td><td></td><td></td></tr><tr><td class=\"c n x19b y2038 w194 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Euro r<span class=\"_ _6\"></span>eceivables<span class=\"_ _208\"> </span></div></td><td class=\"c n x320 y2038 w195 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls102 wsf6\">2<span class=\"_ _4\"></span>,4<span class=\"_ _4\"></span>47<span class=\"_ _208\"> </span></div></td><td class=\"c n x321 y2038 w196 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa9 wsaa\">1,<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1fa5 w197 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Danish Krone r<span class=\"_ _6\"></span>eceivables<span class=\"_ _208\"> </span></div></td><td class=\"c n x322 y1fa5 w198 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls8b ws8a\">12<span class=\"_ _4\"></span>6<span class=\"_ _208\"> </span></div></td><td class=\"c n x323 y1fa5 w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2039 w199 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">US Dollar receivables<span class=\"_ _208\"> </span></div></td><td class=\"c n x324 y2039 w19a h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls118 ws110\">36<span class=\"_ _208\"> </span></div></td><td class=\"c n x241 y2039 w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x302 y203a w19b h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls134 ws132\">2,609<span class=\"_ _208\"> </span></div></td><td class=\"c n x325 y203a wb3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa9 wsaa\">1,<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x19f h2 y203b ff1 fs0 fc0 sc0 ls0 ws0\">Investments at fair value through pr<span class=\"_ _6\"></span>ofit or loss<span class=\"_ _208\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x19b y203c w180 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Euro<span class=\"_ _208\"> </span></div></td><td class=\"c n x326 y203c w19c h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls39 ws36\">33<span class=\"_ _4\"></span>9,4<span class=\"_ _4\"></span>88<span class=\"_ _208\"> </span></div></td><td class=\"c n x327 y203c w19d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa7 wsa8\">3<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>,76<span class=\"_ _4\"></span>2<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1fac w18f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Danish Krone<span class=\"_ _208\"> </span></div></td><td class=\"c n x328 y1fac w19e h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls117 ws10f\">8<span class=\"_ _5\"></span>,112<span class=\"_ _208\"> </span></div></td><td class=\"c n x329 y1fac w19f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls135 ws9a\">1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,938<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y203d w183 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Canadian Dollar<span class=\"_ _208\"> </span></div></td><td class=\"c n x32a y203d w1a0 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls136 ws133\">36<span class=\"_ _4\"></span>,697<span class=\"_ _208\"> </span></div></td><td class=\"c n x32b y203d w1a1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls25 ws24\">40,<span class=\"_ _4\"></span>355<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f26 w186 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Australian Dollar<span class=\"_ _208\"> </span></div></td><td class=\"c n x32c y1f26 w1a2 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls12d ws12b\">174<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>9<span class=\"_ _208\"> </span></div></td><td class=\"c n x32d y1f26 w1a3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls7a ws74\">18<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1fec w189 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">New Zealand Dollar<span class=\"_ _208\"> </span></div></td><td class=\"c n x32e y1fec w1a4 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa5 wsa6\">81,<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>4<span class=\"_ _208\"> </span></div></td><td class=\"c n x32f y1fec w1a5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lse3 ws5b\">9<span class=\"_ _4\"></span>6,940<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y203e w18c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">US Dollar<span class=\"_ _208\"> </span></div></td><td class=\"c n x330 y203e w1a6 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls39 ws36\">69,6<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td><td class=\"c n x331 y203e w1a7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>37<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x332 y1f54 w3a h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls6a ws66\">710<span class=\"_ _4\"></span>,75<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td><td class=\"c n x333 y1f54 w1a8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">7<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w1a9 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal<span class=\"_ _208\"> </span></div></td><td class=\"c n x334 y1f44 w1aa h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls103 ws79\">732<span class=\"_ _4\"></span>,773<span class=\"_ _208\"> </span></div></td><td class=\"c n x335 y1f44 w1ab h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls111 ws109\">7<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>1<span class=\"_ _208\"> </span></div></td></tr></table></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs11b\">Sensitivity analysis showing the impact of variations of the above market risks on the fair value of investments is shown in note 11.5.<span class=\"_ _208\"> </span></div><div class=\"t m1 h2 ff1 fs0 fc1 sc0 ls0 ws0 gs11c\">CR<span class=\"_ _4\"></span>EDI<span class=\"_ _4\"></span>T RIS<span class=\"_ _4\"></span>K </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls2e ws0 gs11d\">Credit risk r<span class=\"_ _6\"></span>efers to the risk that a counterparty will default on its contractual obligations resulting in a financial loss to the Group. The Group has </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls2e ws0 gs11e\">adopted a policy of dealing with creditworthy counterparties and r<span class=\"_ _6\"></span>eviewing this on a regular basis at the underlying entity level. The majority of<span class=\"_ _4\"></span> </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls1f ws0 gs11f\">underlying investments are in public-private partnerships and similar concessions (which ar<span class=\"_ _6\"></span>e entered into with government, quasi gover<span class=\"_ _4\"></span>nment, </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs120\">other public, equivalent low risk bodies), or in regulated businesses that inher<span class=\"_ _6\"></span>ently exhibit low levels of credit risk. The maximum exposure of </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls2e ws0 gs121\">credit risk over financial assets as a r<span class=\"_ _6\"></span>esult of counterparty default is the carrying value of those financial assets in the balance sheet. In addition,<span class=\"_ _4\"></span> </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs122\">the underlying investee entities contract with third-party construction and facilities managements contractors. The Gr<span class=\"_ _6\"></span>oup seeks to mitigate </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs123\">this risk through using a diverse range of sub-contractors and thr<span class=\"_ _6\"></span>ough at least quarterly review of the credit position of major contractors.<span class=\"_ _208\"> </span></div><div class=\"t m1 h2 ff1 fs0 fc1 sc0 ls0 ws0 gs125\">LIQ<span class=\"_ _4\"></span>UID<span class=\"_ _4\"></span>IT<span class=\"_ _4\"></span>Y RI<span class=\"_ _4\"></span>SK </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs126\">Liquidity risk is defined as the risk that the Group would encounter dif<span class=\"_ _6\"></span>ficulty in meeting obligations as and when they fall due associated with </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs127\">financial liabilities that are settled by delivering cash or another financial asset. The Gr<span class=\"_ _6\"></span>oup invests in relatively illiquid investments (mainly non-<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs128\">listed equity and loans). As a closed-ended investment vehicle there ar<span class=\"_ _6\"></span>e no automatic capital redemption rights. The Group manages liquidity </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs129\">risk by maintaining adequate cash reserves, banking facilities and r<span class=\"_ _6\"></span>eserve borrowing facilities and by continuously monitoring forecast and </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs12a\">actual cash flows. Cash flow forecasts assume full availability of underlying infrastructur<span class=\"_ _6\"></span>e to the relevant public sector body or end-user<span class=\"_ _1\"></span>. </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs12b\">Failure to maintain assets available for use or operating in accor<span class=\"_ _6\"></span>dance with pre-determined performance standards or licence conditions may </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs12c\">lead to a reduction (wholly or partially) in the investment income that the Gr<span class=\"_ _6\"></span>oup has projected to receive. The Directors r<span class=\"_ _6\"></span>eview the underlying </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs12d\">performance of each investment on a quarterly basis, allowing asset performance to be monitored. The terms of public-private partnership </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs12e\">contractual mechanisms also allow for significant pass-down of unavailability and performance risk to sub-contractors. Regulated asset </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs12f\">regimes allow for the pass thr<span class=\"_ _6\"></span>ough of efficiently incurred costs to the purchaser<span class=\"_ _3\"></span>. The Group\u2019<span class=\"_ _3\"></span>s financial liabilities comprise trade and other </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs130\">payables, payable within 12 months of the year end, derivative financial instruments.<span class=\"_ _208\"> </span></div><div class=\"t m1 h2 ff1 fs0 fc1 sc0 ls0 ws0 gs131\">1<span class=\"_ _6\"></span>1.4 <span class=\"_ _119\"> </span>FAIR VALU<span class=\"_ _4\"></span>E HIE<span class=\"_ _4\"></span>R<span class=\"_ _4\"></span>ARCH<span class=\"_ _4\"></span>Y<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs132\">All financial instruments for which fair value is recognised or disclosed ar<span class=\"_ _6\"></span>e categorised within the fair value hierarchy<span class=\"_ _1\"></span>, described as follows, </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs133\">based on the lowest level input that is significant to the fair value measurement as a whole:<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs134\">Level 1 \u2014  <span class=\"_ _24\"></span>Quoted market prices in an active market (that are unadjusted) for identical assets or liabilities;<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs135\">Level 2 \u2014  <span class=\"_ _24\"></span>V<span class=\"_ _6\"></span>aluation techniques (for which the lowest level input that is significant to the fair value measurement is directly or indir<span class=\"_ _6\"></span>ectly </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs136\">observable);<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs137\">Level 3 \u2014 V<span class=\"_ _6\"></span>aluation techniques (for which the lowest level input that is significant to the fair value measurement is unobservable).<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs138\">During the year<span class=\"_ _1\"></span>, there wer<span class=\"_ _2\"></span>e no transfers between Level 2 and Level 3 categories.<span class=\"_ _208\"> </span></div><div class=\"t m1 h2 ff1 fs0 fc0 sc0 lsff wsf2 gs139\">Leve<span class=\"_ _4\"></span>l 1<span class=\"_ _6\"></span>:<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs13a\">The Group has no financial instruments classified as Level 1.<span class=\"_ _208\"> </span></div><div class=\"t m1 h2 ff1 fs0 fc0 sc0 lsff wsf2 gs13b\">Leve<span class=\"_ _4\"></span>l 2:<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs13c\">This category includes derivative financial instruments such as interest rate swaps, RPI swaps and curr<span class=\"_ _6\"></span>ency forward contracts.  </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs13d\">As at 31 December 2024, the Group\u2019<span class=\"_ _3\"></span>s only derivative financial instruments were curr<span class=\"_ _2\"></span>ency forward contracts amounting to an asset  </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs13e\">of \u00a33.2m (December 2023: asset of \u00a31.4m).<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs13f\">Financial instruments classified as Level 2 have been valued using models whose inputs are observable in an active market (spot<span class=\"_ gs66\"> </span>exchange </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs140\">rates, yield curves, interest rate curves). V<span class=\"_ _1\"></span>aluations based on observable inputs include financial instruments such as swaps and forward </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs141\">contracts which are valued using market standar<span class=\"_ _6\"></span>d pricing techniques where all the inputs to the market standard pricing models </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs142\">are<span class=\"_ gs66\"> </span>observable. </div><div class=\"t m1 h2 ff1 fs0 fc0 sc0 lsff wsf2 gs143\">Leve<span class=\"_ _4\"></span>l 3:<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs144\">This category consists of investments in equity and loan instruments in underlying unconsolidated subsidiary entities and other non-<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs145\">controlled investments which ar<span class=\"_ _6\"></span>e classified at fair value through profit or loss. At 31 December 2024, the fair value of financial instruments </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs146\">classified within Level 3 totalled \u00a32,593.1m (December 2023: \u00a32,818.9m). </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs147\">Financial instruments are classified within Level 3 if their valuation incorporates significant inputs that ar<span class=\"_ _6\"></span>e not based on observable market </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs148\">data (unobservable inputs). A valuation input is considered observable if it can be dir<span class=\"_ _6\"></span>ectly observed from transactions in an active market,  </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs149\">or if there is compelling external evidence demonstrating an executable exit price. </div><div class=\"t m1 h2 ff1 fs0 fc0 sc0 ls2d ws2c gs14a\">V<span class=\"_ _2\"></span>aluation process<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs14b\">V<span class=\"_ _6\"></span>aluations are the responsibility of the Boar<span class=\"_ _6\"></span>d of Directors. The valuation of unlisted equity and debt investments is performed on a quarterly</div><div class=\"t m1 h17 ff4 fsc fc0 sc0 ls0 ws0 gs14c\">1<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs14d\">basis by the Investment Adviser<span class=\"_ _1\"></span>. The valuation is reviewed by the senior members of the Investment Adviser and r<span class=\"_ _2\"></span>eviewed and approved by </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs14e\">the Board. </div><div class=\"t m1 h2 ff1 fs0 fc0 sc0 ls13 ws14 gs150\">V<span class=\"_ _2\"></span>aluation methodology<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs151\">The valuation methodologies used are primarily based on discounting the underlying investee entities\u2019 futur<span class=\"_ _6\"></span>e projected net cash flows </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs152\">at appropriate discount rates. V<span class=\"_ _1\"></span>aluations are also reviewed against r<span class=\"_ _2\"></span>ecent market transactions for similar assets in comparable markets </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs153\">observed by the Group or Investment Adviser and adjusted wher<span class=\"_ _6\"></span>e appropriate.<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs154\">Cash flow forecasts for the full-term of each underlying investment ar<span class=\"_ _6\"></span>e generated by detailed investment specific financial models.  </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs155\">These models forecast the dividend, shar<span class=\"_ _6\"></span>eholder loan interest payments, capital repayments and senior debt repayments (wher<span class=\"_ _6\"></span>e applicable) </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs156\">expected from the underlying investments. The cash flows included in the for<span class=\"_ _6\"></span>ecasts used to determine fair value are typically fixed under </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs157\">contracts, however there ar<span class=\"_ _6\"></span>e certain variable cash flows which are based on management\u2019<span class=\"_ _1\"></span>s estimations (see also pages 30 to 31 of the </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs158\">strategic report). The significant unobservable inputs and assumptions used in pr<span class=\"_ _6\"></span>ojecting the Group\u2019<span class=\"_ _1\"></span>s net future cash flows ar<span class=\"_ _6\"></span>e shown below<span class=\"_ _2\"></span>.<span class=\"_ _208\"> </span></div><div class=\"gs159\"><table class=\"s w1ac hb5\" id=\"_ba68d404-a240-4d98-a89b-80c3681c27cf\"><tr><td></td><td></td><td></td><td class=\"t m1 x336 h2b y203f ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td></td><td class=\"t m1 x196 h14 y203f ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t m1 x337 h2b y2040 ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td></td><td class=\"t m1 x199 h14 y2040 ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y2041 w1ad h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Inflation rates<span class=\"_ _208\"> </span></div></td><td class=\"c n x338 y2041 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x339 y2041 w1af h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">RPI: 3.25% until Dec 2025,<span class=\"_ _208\"> </span></div></td><td></td><td class=\"t m1 x33a h8 y2042 ff4 fs0 fc0 sc0 ls0 ws0\">RPI: 4.50% until Dec 2024,<span class=\"_ _208\"> </span></td></tr><tr><td></td><td></td><td class=\"c n x33b y2043 w1b0 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">3.00% until Dec<span class=\"_ _208\"> </span></div></td><td class=\"c n x33c y2043 w1b1 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">2026,<span class=\"_ _208\"> </span></div></td><td class=\"c n x33d y2044 w1b2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">3.00% until Dec<span class=\"_ _208\"> </span></div></td><td class=\"c n x33e y2044 w1b1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2025,<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x340 y2045 w1b3 h9f\" colspan=\"2\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">2.75% thereafter</div><div class=\"t m1 x33f h11 y1f88 ff1 fsc fc0 sc0 ls0 ws0\">1<span class=\"_ _208\"> </span></div></td><td class=\"c x342 y2046 w1b4 h9d\" colspan=\"2\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2.75 thereafter</div><div class=\"t m1 x341 h17 y1fa9 ff4 fsc fc0 sc0 ls0 ws0\">1<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t m1 x343 h2 y2047 ff1 fs0 fc0 sc0 ls0 ws0\" colspan=\"2\">CPIH: 2.25%<span class=\"_ _208\"> </span></td><td class=\"t m1 x344 h8 y2047 ff4 fs0 fc0 sc0 ls0 ws0\" colspan=\"2\">CPIH: 3.25% until Dec 2024,<span class=\"_ _208\"> </span></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c n x33d y2048 w1b2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2.25% until Dec<span class=\"_ _208\"> </span></div></td><td class=\"c n x33e y2048 w1b1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2025,<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m1 x345 h8 y2049 ff4 fs0 fc0 sc0 ls0 ws0\" colspan=\"2\">2.00% thereafter<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"c n x346 y204a w1b5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Australia<span class=\"_ _208\"> </span></div></td><td class=\"c n x347 y204a w1b6 h9b\" colspan=\"2\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">2.75% until Dec 2025<span class=\"_ _208\"> </span></div></td><td class=\"c n x33d y204a w1b2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">3.25% until Dec<span class=\"_ _208\"> </span></div></td><td class=\"c n x33e y204a w1b1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2024,<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t m1 x348 h2 y204b ff1 fs0 fc0 sc0 ls0 ws0\" colspan=\"2\">2.50% thereafter<span class=\"_ _208\"> </span></td><td class=\"c n x33d y204c w1b2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">3.00% until Dec<span class=\"_ _208\"> </span></div></td><td class=\"c n x33e y204c w1b1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2025,<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m1 x345 h8 y204d ff4 fs0 fc0 sc0 ls0 ws0\" colspan=\"2\">2.50% thereafter<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"c n x346 y204e w1b7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">New Zealand<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x349 y204e w1b8 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">2.25%<span class=\"_ _208\"> </span></div></td><td class=\"c n x34a y204e w1b2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2.75% until Dec<span class=\"_ _208\"> </span></div></td><td class=\"c n x34b y204e w1b1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2024,<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m1 x345 h8 y204f ff4 fs0 fc0 sc0 ls0 ws0\" colspan=\"2\">2.25% thereafter<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"c n x346 y2050 w1b9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Europe<span class=\"_ _208\"> </span></div></td><td class=\"c n x34c y2050 w1b0 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">2.25% until Dec<span class=\"_ _208\"> </span></div></td><td class=\"c n x34d y2050 w1b1 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">2026,<span class=\"_ _208\"> </span></div></td><td class=\"c n x33d y2050 w1b2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">3.00% until Dec<span class=\"_ _208\"> </span></div></td><td class=\"c n x33e y2050 w1b1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2024,<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t m1 x348 h2 y2051 ff1 fs0 fc0 sc0 ls0 ws0\" colspan=\"2\">2.00% thereafter<span class=\"_ _208\"> </span></td><td class=\"c n x33d y2052 w1b2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2.25% until Dec<span class=\"_ _208\"> </span></div></td><td class=\"c n x33e y2052 w1b1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2025,<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m1 x345 h8 y2053 ff4 fs0 fc0 sc0 ls0 ws0\" colspan=\"2\">2.00% thereafter<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"c n x346 y2054 w1ba h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Canada<span class=\"_ _208\"> </span></div></td><td class=\"c n x34e y2054 w1b0 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">2.25% until Dec<span class=\"_ _208\"> </span></div></td><td class=\"c n x34f y2054 w1b1 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">2026,<span class=\"_ _208\"> </span></div></td><td class=\"c n x33d y2054 w1b2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2.75% until Dec<span class=\"_ _208\"> </span></div></td><td class=\"c n x33e y2054 w1b1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2024,<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"t m1 x348 h2 y2055 ff1 fs0 fc0 sc0 ls0 ws0\">2.00% thereafter<span class=\"_ _208\"> </span></td><td class=\"c n x33d y2056 w1b2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2.25% until Dec<span class=\"_ _208\"> </span></div></td><td class=\"c n x33e y2056 w1b1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2025,<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m1 x345 h8 y2057 ff4 fs0 fc0 sc0 ls0 ws0\">2.00% thereafter<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"c x346 y2059 w1bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">US</div><div class=\"t m1 x350 h17 y2058 ff4 fsc fc0 sc0 ls0 ws0\">2<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x351 y205a w1bc h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">N/A<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x352 y205a w1bd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">N/A<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x19f h8 y205b ff4 fs0 fc0 sc0 ls0 ws0\">Long-term </td><td class=\"c n x346 y205c w1be h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x353 y205c w1bf h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">2<span class=\"_ _4\"></span>.5<span class=\"_ _4\"></span>0%<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x354 y205c w1c0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2.50%<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c x19b y205d w1c1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">deposit<span class=\"_ gs66\"> </span>rates</div><div class=\"t m1 x355 h17 y1f8f ff4 fsc fc0 sc0 ls0 ws0\">3<span class=\"_ _208\"> </span></div></td><td class=\"c n x346 y205e w1b5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Australia<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x356 y205e w1c2 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls102 wsf6\">2<span class=\"_ _4\"></span>.75%<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x357 y205e w1c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2.75%<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x346 y205f w1b7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">New Zealand<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x358 y205f w1c4 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">2<span class=\"_ _4\"></span>.5<span class=\"_ _4\"></span>0%<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x359 y205f w1c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2.50%<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x346 y2060 w1b9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Europe<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x35a y2060 w1c5 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa5 wsa6\">1.<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>0%<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x35b y2060 w1c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">1.50%<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x346 y2061 w1ba h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Canada<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x358 y2061 w1c4 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">2<span class=\"_ _4\"></span>.5<span class=\"_ _4\"></span>0%<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x359 y2061 w1c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2.50%<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c x346 y2062 w1bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">US</div><div class=\"t m1 x350 h17 y1f8f ff4 fsc fc0 sc0 ls0 ws0\">2<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x1b0 y2062 w1c6 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls74 ws134\">N<span class=\"_ _4\"></span>/A<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x35c y2062 w1bd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">N/A<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x19f h8 y2063 ff4 fs0 fc0 sc0 ls0 ws0\">Foreign </td><td class=\"c n x346 y2064 w1c7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">GBP/AUD<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x35d y2064 w1c8 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls67 ws63\">2<span class=\"_ _4\"></span>.02<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x35e y2064 w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">1.87<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x19f h8 y2065 ff4 fs0 fc0 sc0 ls0 ws0\">exchange<span class=\"_ gs66\"> </span>rates<span class=\"_ _208\"> </span></td><td class=\"c n x346 y2066 w1ca h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">GBP/NZD<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x35f y2066 w1cb h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls90 ws92\">2<span class=\"_ _4\"></span>.23<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x360 y2066 w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2.01<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x346 y2067 w1cc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">GBP/DKK<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x361 y2067 w1cd h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls17 ws18\">9.00<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x362 y2067 w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">8.60<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x346 y2068 w1ce h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">GBP/EUR<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x363 y2068 w1cf h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa5 wsa6\">1.<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>1<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x364 y2068 w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">1.15<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x346 y2069 w1d0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">GBP/CAD<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x365 y2069 w1d1 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa5 wsa6\">1.<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x366 y2069 w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">1.69<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x346 y206a w1c7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">GBP/USD<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x367 y206a w1cf h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa5 wsa6\">1.<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>5<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x368 y206a w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">1.27<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c x19b y206b w1d2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>ax rates</div><div class=\"t m1 x369 h17 y1f8f ff4 fsc fc0 sc0 ls0 ws0\">4<span class=\"_ _208\"> </span></div></td><td class=\"c n x346 y206b w1be h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x36a y206b w1d3 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">25<span class=\"_ _4\"></span>.0<span class=\"_ _4\"></span>0%<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x36b y206b w121 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">25.00%<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x346 y206c w1b5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Australia<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x36c y206c w1d4 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">3<span class=\"_ _4\"></span>0.0<span class=\"_ _4\"></span>0%<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x36d y206c w12e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">30.00%<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x346 y206d w1b7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">New Zealand<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x36e y206d w1d3 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">2<span class=\"_ _4\"></span>8.0<span class=\"_ _4\"></span>0%<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x36f y206d w121 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">28.00%<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x346 y206e w1b9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Europe<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x370 y206e w1d5 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">V<span class=\"_ _6\"></span>a<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ous (12<span class=\"_ _4\"></span>.5<span class=\"_ _4\"></span>0% \u2013 32<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>28%)<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x371 y206e w1d6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">V<span class=\"_ _2\"></span>arious (12.50% \u2013 32.28%)<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x346 y206f w1ba h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Canada<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x372 y206f w1d7 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">Var<span class=\"_ _4\"></span>iou<span class=\"_ _4\"></span>s (23<span class=\"_ _4\"></span>.0<span class=\"_ _4\"></span>0% \u2013 2<span class=\"_ _4\"></span>6.<span class=\"_ _4\"></span>50%)<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x373 y206f w1d8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">V<span class=\"_ _6\"></span>arious (23.00% \u2013 26.50%)<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c x346 y1f44 w1bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">US</div><div class=\"t m1 x350 h17 y1fa9 ff4 fsc fc0 sc0 ls0 ws0\">2<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x1b0 y1f44 w1c6 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls74 ws134\">N<span class=\"_ _4\"></span>/A<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x35c y1f44 w1bd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">N/A<span class=\"_ _208\"> </span></div></td></tr></table></div><div class=\"t m1 h14 ff4 fsd fc0 sc0 ls0 ws0 gs15a\">1 <span class=\"_ _11\"> </span>Wh<span class=\"_ _4\"></span>ere i<span class=\"_ _4\"></span>nsuf<span class=\"_ _4\"></span>fic<span class=\"_ _4\"></span>ien<span class=\"_ _4\"></span>t prote<span class=\"_ _4\"></span>ctio<span class=\"_ _4\"></span>ns ex<span class=\"_ _4\"></span>ist wi<span class=\"_ _4\"></span>thi<span class=\"_ _4\"></span>n proj<span class=\"_ _4\"></span>ect a<span class=\"_ _4\"></span>gree<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nts or th<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>gh reg<span class=\"_ _4\"></span>ula<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>y pre<span class=\"_ _4\"></span>ced<span class=\"_ _4\"></span>ent, RP<span class=\"_ _4\"></span>I is as<span class=\"_ _4\"></span>sum<span class=\"_ _4\"></span>ed to ali<span class=\"_ _4\"></span>gn wi<span class=\"_ _4\"></span>th CPI<span class=\"_ _4\"></span>H post-20<span class=\"_ _4\"></span>30.<span class=\"_ _208\"> </span></div><div class=\"t m1 h14 ff4 fsd fc0 sc0 ls0 ws0 gs15b\">2 <span class=\"_ _11\"> </span>Th<span class=\"_ _4\"></span>e Com<span class=\"_ _4\"></span>pany<span class=\"_ _4\"></span>\u2019<span class=\"_ _6\"></span>s U<span class=\"_ _4\"></span>S inve<span class=\"_ _4\"></span>stme<span class=\"_ _4\"></span>nt is i<span class=\"_ _4\"></span>n the fo<span class=\"_ _4\"></span>rm of su<span class=\"_ _4\"></span>bord<span class=\"_ _4\"></span>ina<span class=\"_ _4\"></span>ted de<span class=\"_ _4\"></span>bt and t<span class=\"_ _4\"></span>her<span class=\"_ _4\"></span>efore n<span class=\"_ _4\"></span>ot dir<span class=\"_ _4\"></span>ect<span class=\"_ _4\"></span>ly im<span class=\"_ _4\"></span>pacte<span class=\"_ _4\"></span>d by infl<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n, dep<span class=\"_ _4\"></span>osi<span class=\"_ _4\"></span>t and t<span class=\"_ _4\"></span>ax r<span class=\"_ _4\"></span>ate as<span class=\"_ _4\"></span>sump<span class=\"_ _4\"></span>tion<span class=\"_ _4\"></span>s. </div><div class=\"t m1 h14 ff4 fsd fc0 sc0 ls0 ws0 gs15c\">3 <span class=\"_ _11\"> </span>Th<span class=\"_ _4\"></span>e por<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>foli<span class=\"_ _4\"></span>o valu<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n ass<span class=\"_ _4\"></span>ume<span class=\"_ _4\"></span>s act<span class=\"_ _4\"></span>ual cu<span class=\"_ _4\"></span>rre<span class=\"_ _4\"></span>nt de<span class=\"_ _4\"></span>pos<span class=\"_ _4\"></span>it rate<span class=\"_ _4\"></span>s are m<span class=\"_ _4\"></span>ain<span class=\"_ _4\"></span>tain<span class=\"_ _4\"></span>ed un<span class=\"_ _4\"></span>til 31 De<span class=\"_ _4\"></span>cem<span class=\"_ _4\"></span>ber 20<span class=\"_ _4\"></span>26 befo<span class=\"_ _4\"></span>re adj<span class=\"_ _4\"></span>ust<span class=\"_ _4\"></span>ing to th<span class=\"_ _4\"></span>e lon<span class=\"_ _4\"></span>g-ter<span class=\"_ _4\"></span>m rates n<span class=\"_ _4\"></span>oted i<span class=\"_ _4\"></span>n the ta<span class=\"_ _4\"></span>ble a<span class=\"_ _4\"></span>bove f<span class=\"_ _4\"></span>rom 1 Ja<span class=\"_ _4\"></span>nua<span class=\"_ _4\"></span>ry 2<span class=\"_ _4\"></span>027<span class=\"_ _1\"></span>. </div><div class=\"t m1 h14 ff4 fsd fc0 sc0 ls0 ws0 gs15d\">Th<span class=\"_ _4\"></span>e 31 Dece<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>er 2023 va<span class=\"_ _4\"></span>lua<span class=\"_ _4\"></span>tion a<span class=\"_ _4\"></span>dju<span class=\"_ _4\"></span>sted to th<span class=\"_ _4\"></span>e lon<span class=\"_ _4\"></span>ger-ter<span class=\"_ _4\"></span>m ass<span class=\"_ _4\"></span>umpt<span class=\"_ _4\"></span>ion f<span class=\"_ _4\"></span>rom 1 Ja<span class=\"_ _4\"></span>nua<span class=\"_ _4\"></span>ry 20<span class=\"_ _4\"></span>26.<span class=\"_ _208\"> </span></div><div class=\"t m1 h14 ff4 fsd fc0 sc0 ls0 ws0 gs15e\">4 <span class=\"_ _11\"> </span>T<span class=\"_ _6\"></span>a<span class=\"_ _4\"></span>x ra<span class=\"_ _4\"></span>tes refl<span class=\"_ _4\"></span>ect t<span class=\"_ _4\"></span>hos<span class=\"_ _4\"></span>e subs<span class=\"_ _4\"></span>tan<span class=\"_ _4\"></span>tive<span class=\"_ _4\"></span>ly en<span class=\"_ _4\"></span>acte<span class=\"_ _4\"></span>d as at th<span class=\"_ _4\"></span>e valu<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n date o<span class=\"_ _4\"></span>r thos<span class=\"_ _4\"></span>e that c<span class=\"_ _4\"></span>oul<span class=\"_ _4\"></span>d rea<span class=\"_ _4\"></span>son<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>y be exp<span class=\"_ _4\"></span>ecte<span class=\"_ _4\"></span>d to be su<span class=\"_ _4\"></span>bst<span class=\"_ _4\"></span>anti<span class=\"_ _4\"></span>vely e<span class=\"_ _4\"></span>nac<span class=\"_ _4\"></span>ted sh<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>tly a<span class=\"_ _4\"></span>fte<span class=\"_ _4\"></span>r the va<span class=\"_ _4\"></span>luat<span class=\"_ _4\"></span>ion d<span class=\"_ _4\"></span>ate.<span class=\"_ _208\"> </span></div><div class=\"t m1 h2 ff1 fs0 fc0 sc0 ls13 ws14 gs160\">Discount rates<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs161\">Discount rates as a whole are consider<span class=\"_ _6\"></span>ed to be an unobservable input for the purposes of IFRS13. The discount rate used in the valuation of </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs162\">each investment has been determined with refer<span class=\"_ _6\"></span>ence to:</div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs163\"> <span class=\"_ _19\"></span>\u2013<span class=\"_ _13\"> </span>Yield on a gover<span class=\"_ _4\"></span>nment bond with a r<span class=\"_ _2\"></span>emaining term equivalent to (or as close as possible to) the investment being valued, issued by the </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs164\">national government for the location of the relevant investment (\u2018government bond yield\u2019);</div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs165\"> <span class=\"_ _19\"></span>\u2013<span class=\"_ _13\"> </span>Investment risk premium, compromising:</div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs166\"> <span class=\"_ _19\"></span><span class=\"ff2\">\u2013<span class=\"_ _2b\"> </span><span class=\"ff4\">A premium to r<span class=\"_ _2\"></span>eflect the inherent gr<span class=\"_ _6\"></span>eater risk in investing in infrastructure assets over government bonds;</span></span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs167\"> <span class=\"_ _19\"></span><span class=\"ff2\">\u2013<span class=\"_ _2b\"> </span><span class=\"ff4\">A further premium to r<span class=\"_ _2\"></span>eflect the state of maturity of the asset with a larger premium applied to immatur<span class=\"_ _6\"></span>e assets and/or assets in </span></span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs168\">construction and/or to reflect any curr<span class=\"_ _6\"></span>ent asset specific or operational issues. T<span class=\"_ _1\"></span>ypically<span class=\"_ _1\"></span>, this risk premium will reduce over the life of </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs169\">any asset as an asset matures, its operating performance becomes mor<span class=\"_ _6\"></span>e established, and the risks associated with its future cash </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs16a\">flows decrease. However<span class=\"_ _3\"></span>, the rate may increase in relation to investments with unknown r<span class=\"_ _2\"></span>esidual values at the end of the relevant </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs16b\">concession life as that date nears;</div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs16c\"> <span class=\"_ _19\"></span><span class=\"ff2\">\u2013<span class=\"_ _2b\"> </span><span class=\"ff4\">A further adjustment reflective of market-based transaction valuation evidence for similar assets. Such adjustment is consider<span class=\"_ _2\"></span>ed to </span></span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs16d\">implicitly include the market\u2019<span class=\"_ _3\"></span>s assessment of the risk posed by climate factors to that particular investment.<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs16e\">Over the year<span class=\"_ _1\"></span>, the weighted average government bond yield increased. The weighted average investment premium incr<span class=\"_ _2\"></span>eased reflecting </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs16f\">observable market-based evidence.<span class=\"_ _208\"> </span></div><div class=\"gs170\"><table class=\"s w1d9 hb6\" id=\"_ba7f7638-8d67-4f47-8a6b-f5a754b84665\"><tr><td class=\"c n x19b y2070 w1da h9c\"><div class=\"t m1 x19a h14 y2022 ff4 fsd fc0 sc0 ls0 ws0\">V<span class=\"_ _6\"></span>aluation assumptions<span class=\"_ _208\"> </span></div></td><td class=\"c n x374 y2070 w1db hb1\"><div class=\"t m1 x19a h14 y2022 ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></div></td><td class=\"c n x375 y2070 w1dc h9c\"><div class=\"t m1 x19a h14 y2022 ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></div></td><td class=\"c n x376 y2070 w1dd h9c\"><div class=\"t m1 x19a h14 y2022 ff4 fsd fc0 sc0 ls0 ws0\">Movement<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f3f w1de h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Weighted A<span class=\"_ _6\"></span>verage Gover<span class=\"_ _4\"></span>nment Bond Yield<span class=\"_ _208\"> </span></div></td><td class=\"c n x377 y1f3f w1df h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsee wse7\">4<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>4%<span class=\"_ _208\"> </span></div></td><td class=\"c n x378 y1f3f w1e0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls2b ws2a\">4.3%<span class=\"_ _208\"> </span></div></td><td class=\"c n x379 y1f3f w1e1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa4 wsa5\">0<span class=\"_ _5\"></span>.1%<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f43 w1e2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Weighted A<span class=\"_ _6\"></span>verage Investment Risk Premium<span class=\"_ _208\"> </span></div></td><td class=\"c n x37a y1f43 w1e3 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsb1 ws5c\">4.<span class=\"_ _4\"></span>6%<span class=\"_ _208\"> </span></div></td><td class=\"c n x37b y1f43 w1e4 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa4 wsa5\">4<span class=\"_ _4\"></span>.1%<span class=\"_ _208\"> </span></div></td><td class=\"c n x37c y1f43 w1e5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls131 ws12f\">0<span class=\"_ _4\"></span>.5%<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w1e6 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">W<span class=\"_ _6\"></span>eighted Average Discount Rate<span class=\"_ _208\"> </span></div></td><td class=\"c n x37d y1f44 w1e7 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">9.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x37e y1f44 w1e8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls12d ws12b\">8<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>4%<span class=\"_ _208\"> </span></div></td><td class=\"c n x37f y1f44 w1e9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">0.6%<span class=\"_ _208\"> </span></div></td></tr></table></div><div class=\"gs171\"><table class=\"s w12f hb7\" id=\"_96bdb30a-5b64-4d56-aa22-4e7bcc14e1d7\"><tr><td></td><td class=\"t m1 x21e h2b y2071 ff1 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended </td><td class=\"t m1 x21f h14 y2072 ff4 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended </td></tr><tr><td></td><td class=\"t m1 x220 h2b y2073 ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x221 h14 y2074 ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td class=\"t m1 x1d4 h14 y2075 ff4 fsd fc0 sc0 ls0 ws0\">Reconciliation of Level 3 fair value measurements of financial assets<span class=\"_ _208\"> </span></td><td class=\"t m1 x1ce h2b y2076 ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x1cf h14 y2077 ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y206a w1ea h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">Balance at 1 January<span class=\"_ _208\"> </span></div></td><td class=\"c n x380 y206a w1eb h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls137 ws135\">2,81<span class=\"_ _6\"></span>8,903<span class=\"_ _208\"> </span></div></td><td class=\"c n x381 y206a w1ec h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lse3 ws5b\">2<span class=\"_ _2\"></span>,947<span class=\"_ _3\"></span>,959<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2078 w1ed h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Additional investments during the year<span class=\"_ _208\"> </span></div></td><td class=\"c n x382 y2078 w1ee h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa3 wsa4\">1<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>7<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>7<span class=\"_ _208\"> </span></div></td><td class=\"c n x383 y2078 w1ef h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls1b ws1b\">1<span class=\"_ _6\"></span>08,<span class=\"_ _6\"></span>088<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f3a w1f0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Net repayments during the year<span class=\"_ _208\"> </span></div></td><td class=\"c n x384 y1f3a w3e h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls49 ws46\">(18<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>6)<span class=\"_ _208\"> </span></div></td><td class=\"c n x385 y1f3a w1f1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls17 ws18\">(<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>34,<span class=\"_ _2\"></span>365)<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f27 wb7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Capitalisation of interest<span class=\"_ _208\"> </span></div></td><td class=\"c n x386 y1f27 w1f2 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls6 ws7\">13<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>47<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td><td class=\"c n x387 y1f27 w58 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls8b ws8a\">20<span class=\"_ _4\"></span>,3<span class=\"_ _4\"></span>01<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f3f wc5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Working capital advanced<span class=\"_ _208\"> </span></div></td><td class=\"c n x388 y1f3f w190 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa8 wsa9\">15<span class=\"_ _4\"></span>6<span class=\"_ _208\"> </span></div></td><td class=\"c n x389 y1f3f w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f43 w13a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Net change in investments at fair value through pr<span class=\"_ _6\"></span>ofit or loss<span class=\"_ _208\"> </span></div></td><td class=\"c n x2da y1f43 w13b h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls49 ws46\">(16<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>,8<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td><td class=\"c n x2db y1f43 w13c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls1b ws1b\">(<span class=\"_ _1\"></span>1<span class=\"_ _6\"></span>23<span class=\"_ _6\"></span>,080)<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w1f3 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">Balance at 31 December<span class=\"_ _208\"> </span></div></td><td class=\"c n x38a y1f44 w83 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls113 wsf7\">2<span class=\"_ _4\"></span>,593<span class=\"_ _4\"></span>,056<span class=\"_ _208\"> </span></div></td><td class=\"c n x38b y1f44 w84 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls7a ws74\">2,<span class=\"_ _4\"></span>818<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>3<span class=\"_ _208\"> </span></div></td></tr></table></div><div class=\"t m1 h2 ff1 fs0 fc1 sc0 ls8 ws9 gs172\">1<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>.5 <span class=\"_ _119\"> </span>SENSITIVITY ANAL<span class=\"_ _3\"></span>YSIS<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls2e ws0 gs173\">The valuation requir<span class=\"_ _6\"></span>es management to make certain assumptions in relation to unobservable inputs to the model. There are no straightforwar<span class=\"_ _6\"></span>d<span class=\"_ _4\"></span> </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs174\">inter<span class=\"_ _6\"></span>-relationships between the unobservable inputs. A sensitivity analysis for reasonably possible alternative assumptions is provided below:<span class=\"_ _208\"> </span></div><div class=\"gs175\"><table class=\"s w1f4 hb8\" id=\"_b07ea085-165b-4463-a4ea-f284550cb86c\"><tr><td></td><td class=\"t m1 x38c h2b y2079 ff1 fsd fc0 sc0 ls0 ws0\">Weighted average </td><td></td><td class=\"t m1 x1c8 h2b y207a ff1 fsd fc0 sc0 ls0 ws0\">Change in fair value </td><td></td><td class=\"t m1 x38d h2b y207b ff1 fsd fc0 sc0 ls0 ws0\">Change in fair value </td></tr><tr><td class=\"t m1 x1d4 h2b y207c ff1 fsd fc0 sc0 ls0 ws0\">Assumptions<span class=\"_ _208\"> </span></td><td class=\"t m1 x38e h2b y207d ff1 fsd fc0 sc0 ls0 ws0\">rate in base case </td><td class=\"t m1 x38f h2b y207d ff1 fsd fc0 sc0 ls0 ws0\">Sensitivity </td><td class=\"t m1 x390 h2b y207e ff1 fsd fc0 sc0 ls0 ws0\">of investment </td><td class=\"t m1 x391 h2b y207e ff1 fsd fc0 sc0 ls0 ws0\">Sensitivity </td><td class=\"t m1 x392 h2b y207f ff1 fsd fc0 sc0 ls0 ws0\">of investment </td></tr><tr><td class=\"t m1 x1d4 h2b y2080 ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x393 h2b y2081 ff1 fsd fc0 sc0 ls0 ws0\">valuations<span class=\"_ _208\"> </span></td><td class=\"t m1 x29c h2b y2081 ff1 fsd fc0 sc0 ls0 ws0\">factor<span class=\"_ _208\"> </span></td><td class=\"t m1 x263 h2b y2082 ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x394 h2b y2082 ff1 fsd fc0 sc0 ls0 ws0\">factor<span class=\"_ _208\"> </span></td><td class=\"t m1 x1cf h2b y2083 ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y1f1e w1f5 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">Discount rate<span class=\"_ _208\"> </span></div></td><td class=\"c n x395 y1f1e w1f6 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">9.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x396 y1f1e w1f7 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">+ 1.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x397 y1f1e w1f8 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 lsb0 wsb0\">(227<span class=\"_ _6\"></span>,37<span class=\"_ _6\"></span>4)<span class=\"_ _208\"> </span></div></td><td class=\"c n x398 y1f1e w1f9 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">- 1.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x399 y1f1e w1fa h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls113 wsf7\">270,01<span class=\"_ _6\"></span>3<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2084 wb1 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">Inflation rate (overall)<span class=\"_ _208\"> </span></div></td><td class=\"c n x39a y2084 w1fb h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls12e ws12c\">2<span class=\"_ _4\"></span>.3%<span class=\"_ _208\"> </span></div></td><td class=\"c n x39b y2084 w1fc h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">+ 1.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x39c y2084 w1fd h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 lsaf wsaf\">2<span class=\"_ _4\"></span>14<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>2<span class=\"_ _208\"> </span></div></td><td class=\"c n x39d y2084 w1fe h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">- 1<span class=\"_ _2\"></span>.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x39e y2084 w1ff h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls58 ws53\">(19<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1fab w200 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">UK (CPI/RPI)<span class=\"_ _208\"> </span></div></td><td class=\"c n x39f y1fab w201 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls138 ws136\">2.<span class=\"_ _6\"></span>0/<span class=\"_ _6\"></span>2.8<span class=\"_ _6\"></span>%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3a0 y1fab w202 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">+ 1<span class=\"_ _6\"></span>.<span class=\"_ _4\"></span>0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3a1 y1fab w132 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls10e ws106\">17<span class=\"_ _4\"></span>1,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x3a2 y1fab w203 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">- 1.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3a3 y1fab w204 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls121 ws11a\">(1<span class=\"_ _6\"></span>56,9<span class=\"_ _4\"></span>06)<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f22 w205 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">Europe<span class=\"_ _208\"> </span></div></td><td class=\"c n x3a4 y1f22 w206 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">2<span class=\"_ _4\"></span>.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3a5 y1f22 w1fc h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">+ 1.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3a6 y1f22 w1a4 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 lsa5 wsa6\">3<span class=\"_ _4\"></span>1,<span class=\"_ _4\"></span>87<span class=\"_ _4\"></span>5<span class=\"_ _208\"> </span></div></td><td class=\"c n x3a7 y1f22 w203 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">- 1.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3a8 y1f22 w207 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 lsb0 wsb0\">(26,67<span class=\"_ _6\"></span>4)<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2085 w208 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">North America<span class=\"_ _208\"> </span></div></td><td class=\"c n x3a4 y2085 w206 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">2<span class=\"_ _4\"></span>.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3a5 y2085 w1fc h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">+ 1.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3a9 y2085 w209 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">6<span class=\"_ _4\"></span>76<span class=\"_ _208\"> </span></div></td><td class=\"c n x3aa y2085 w20a h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">- 1.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3ab y2085 w20b h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls139 ws137\">(5<span class=\"_ _4\"></span>75)<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2086 w20c h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">New Zealand<span class=\"_ _208\"> </span></div></td><td class=\"c n x3ac y2086 w20d h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls12e ws12c\">2<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>3%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3ad y2086 w1fc h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">+ 1.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3ae y2086 w20e h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 lse3 ws5b\">4<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>81<span class=\"_ _208\"> </span></div></td><td class=\"c n x3af y2086 w203 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">- 1.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3b0 y2086 w4c h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 lsb0 wsb0\">(3<span class=\"_ _4\"></span>,88<span class=\"_ _4\"></span>4)<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2087 w20f h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">Australia<span class=\"_ _208\"> </span></div></td><td class=\"c n x3a4 y2087 w210 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls102 wsf6\">2<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>5%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3b1 y2087 w1f7 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">+ 1.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3b2 y2087 w211 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls113 wsf7\">6,42<span class=\"_ _4\"></span>6<span class=\"_ _208\"> </span></div></td><td class=\"c n x3b3 y2087 w203 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">- 1.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3b4 y2087 w212 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls13a ws138\">(<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>1)<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y203e w213 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">FX rate<span class=\"_ _208\"> </span></div></td><td class=\"c n x3b5 y203e w214 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 lsf2 wseb\">n<span class=\"_ _4\"></span>/a<span class=\"_ _208\"> </span></div></td><td class=\"c n x3b6 y203e w215 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">+ 10.<span class=\"_ _4\"></span>0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3b7 y203e w216 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls13a ws138\">(<span class=\"_ _4\"></span>7<span class=\"_ _4\"></span>1,7<span class=\"_ _4\"></span>61)<span class=\"_ _208\"> </span></div></td><td class=\"c n x3b8 y203e w217 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">- 1<span class=\"_ _2\"></span>0.<span class=\"_ _4\"></span>0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3b9 y203e w218 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 lsa5 wsa6\">71,7<span class=\"_ _4\"></span>61<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f54 w219 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>ax rate<span class=\"_ _208\"> </span></div></td><td class=\"c n x3ba y1f54 w21a h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls65 ws5f\">25.5<span class=\"_ _6\"></span>%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3bb y1f54 w1fc h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">+ 1.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3bc y1f54 waa h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls8b ws8a\">(12<span class=\"_ _5\"></span>,4<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td><td class=\"c n x3bd y1f54 w203 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">- 1.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3be y1f54 w21b h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls117 ws10f\">1<span class=\"_ _4\"></span>2<span class=\"_ _5\"> </span>,1<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>4<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w21c h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">Deposit rate<span class=\"_ _208\"> </span></div></td><td class=\"c n x3bf y1f44 w1df h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 lsee wse7\">2<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>4%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3c0 y1f44 w1f7 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">+ 1.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3c1 y1f44 w21d h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls76 ws31\">2<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>,5<span class=\"_ _4\"></span>91<span class=\"_ _208\"> </span></div></td><td class=\"c n x3c2 y1f44 w203 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">- 1.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3c3 y1f44 w21e h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 lsb0 wsb0\">(2<span class=\"_ _4\"></span>2,<span class=\"_ _4\"></span>920)<span class=\"_ _208\"> </span></div></td></tr></table></div><div class=\"gs177\"><table class=\"s w21f hb9\" id=\"_a01dd810-c873-482a-9821-a2fe2dbcb93c\"><tr><td></td><td class=\"t m1 x3c4 h2b y2088 ff1 fsd fc0 sc0 ls0 ws0\">Weighted average </td><td></td><td class=\"t m1 x3c5 h2b y2089 ff1 fsd fc0 sc0 ls0 ws0\">Change in fair value </td><td></td><td class=\"t m1 x3c6 h2b y208a ff1 fsd fc0 sc0 ls0 ws0\">Change in fair value </td><td></td></tr><tr><td class=\"t m1 x19f h14 y208b ff4 fsd fc0 sc0 ls0 ws0\">Assumptions<span class=\"_ _208\"> </span></td><td class=\"t m1 x3c7 h2b y208c ff1 fsd fc0 sc0 ls0 ws0\">rate in base case </td><td class=\"t m1 x3c8 h2b y208c ff1 fsd fc0 sc0 ls0 ws0\">Sensitivity </td><td class=\"t m1 x3c9 h2b y208d ff1 fsd fc0 sc0 ls0 ws0\">of investment </td><td class=\"t m1 x3ca h2b y208d ff1 fsd fc0 sc0 ls0 ws0\">Sensitivity </td><td class=\"t m1 x3cb h2b y208e ff1 fsd fc0 sc0 ls0 ws0\">of investment </td><td></td></tr><tr><td class=\"t m1 x19f h14 y208f ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td><td class=\"t m1 x3cc h2b y2090 ff1 fsd fc0 sc0 ls0 ws0\">valuations<span class=\"_ _208\"> </span></td><td class=\"t m1 x3cd h2b y2090 ff1 fsd fc0 sc0 ls0 ws0\">factor<span class=\"_ _208\"> </span></td><td class=\"t m1 x3ce h2b y2091 ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x3cf h2b y2091 ff1 fsd fc0 sc0 ls0 ws0\">factor<span class=\"_ _208\"> </span></td><td class=\"t m1 x3d0 h2b y2092 ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td></td></tr><tr><td class=\"c n x19b y1f1e w220 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Discount rate<span class=\"_ _208\"> </span></div></td><td class=\"c n x3d1 y1f1e w221 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls12d ws12b\">8<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>4%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3d2 y1f1e w222 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">+ 1<span class=\"_ _6\"></span>.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3d3 y1f1e w223 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13b ws139\">(<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>41,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>1)<span class=\"_ _208\"> </span></div></td><td class=\"c n x3d4 y1f1e w224 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">- 1<span class=\"_ _6\"></span>.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3d5 y1f1e w1d4 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls38 ws35\">288,391<span class=\"_ _208\"> </span></div></td><td></td></tr><tr><td class=\"c n x19b y1f1f w225 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Inflation rate (overall)<span class=\"_ _208\"> </span></div></td><td class=\"c n x3d6 y1f1f w226 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls5f ws5a\">2.3<span class=\"_ _4\"></span>%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3d7 y1f1f w222 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">+ 1<span class=\"_ _6\"></span>.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3d8 y1f1f w227 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">235,<span class=\"_ _4\"></span>302<span class=\"_ _208\"> </span></div></td><td class=\"c n x3d9 y1f1f w228 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">- 1<span class=\"_ _1\"></span>.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3da y1f1f w229 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsae wsae\">(<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _d\"> </span>9<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td><td></td></tr><tr><td class=\"c n x19b y1fab w22a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK (CPI/RPI)<span class=\"_ _208\"> </span></div></td><td class=\"c n x3db y1fab w22b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls5f ws5a\">2.0%<span class=\"_ _4\"></span>/2.<span class=\"_ _4\"></span>8%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3dc y1fab w222 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">+ 1<span class=\"_ _6\"></span>.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3dd y1fab w22c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls7a ws74\">18<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>918<span class=\"_ _208\"> </span></div></td><td class=\"c n x3de y1fab w22d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">- 1<span class=\"_ _1\"></span>.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3df y1fab w22e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls124 ws11e\">(16<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>,75<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td><td></td></tr><tr><td class=\"c n x19b y1f22 w1b9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Europe<span class=\"_ _208\"> </span></div></td><td class=\"c n x3e0 y1f22 w226 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls5f ws5a\">2.0<span class=\"_ _4\"></span>%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3e1 y1f22 w222 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">+ 1<span class=\"_ _6\"></span>.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3e2 y1f22 w22f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls49 ws46\">3<span class=\"_ _4\"></span>5,48<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td><td class=\"c n x3e3 y1f22 w230 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">- 1<span class=\"_ _6\"></span>.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3e4 y1f22 w231 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa7 wsa8\">(<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>,77<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td><td></td></tr><tr><td class=\"c n x19b y1ff4 w232 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">North America<span class=\"_ _208\"> </span></div></td><td class=\"c n x3e0 y1ff4 w226 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls5f ws5a\">2.0<span class=\"_ _4\"></span>%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3e1 y1ff4 w222 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">+ 1<span class=\"_ _6\"></span>.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3e5 y1ff4 w233 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa2 wsa3\">626<span class=\"_ _208\"> </span></div></td><td class=\"c n x3e6 y1ff4 w224 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">- 1<span class=\"_ _6\"></span>.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3e7 y1ff4 w234 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsae wsae\">(<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>74<span class=\"_ _5\"></span>)<span class=\"_ _208\"> </span></div></td><td></td></tr><tr><td class=\"c n x19b y2086 w1b7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">New Zealand<span class=\"_ _208\"> </span></div></td><td class=\"c n x3d6 y2086 w226 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls5f ws5a\">2.3<span class=\"_ _4\"></span>%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3d7 y2086 w222 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">+ 1<span class=\"_ _6\"></span>.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3e8 y2086 w235 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls6 ws7\">5,<span class=\"_ _4\"></span>437<span class=\"_ _208\"> </span></div></td><td class=\"c n x3e9 y2086 w224 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">- 1<span class=\"_ _6\"></span>.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3ea y2086 w236 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13a ws138\">(4<span class=\"_ _4\"></span>,978<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td><td></td></tr><tr><td class=\"c n x19b y2093 w1b5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Australia<span class=\"_ _208\"> </span></div></td><td class=\"c n x3eb y2093 w1e5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls131 ws12f\">2.<span class=\"_ _4\"></span>5%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3e1 y2093 w222 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">+ 1<span class=\"_ _6\"></span>.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3ec y2093 wae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls111 ws109\">7,<span class=\"_ _d\"> </span>8<span class=\"_ _5\"> </span>3<span class=\"_ _d\"> </span>6<span class=\"_ _208\"> </span></div></td><td class=\"c n x3de y2093 w22d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">- 1<span class=\"_ _1\"></span>.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3ed y2093 w237 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls111 ws109\">(<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td><td class=\"c n x3ee y2093 w238 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls111 ws109\">6<span class=\"_ _5\"></span>)<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y203e w239 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">FX rate<span class=\"_ _208\"> </span></div></td><td class=\"c n x3ef y203e w23a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsaf wsaf\">n<span class=\"_ _4\"></span>/a<span class=\"_ _208\"> </span></div></td><td class=\"c n x3f0 y203e w23b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">+ 10<span class=\"_ _2\"></span>.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3f1 y203e w23c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls6 ws7\">(<span class=\"_ _4\"></span>78,9<span class=\"_ _4\"></span>56<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td><td class=\"c n x3f2 y203e w23d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">- 1<span class=\"_ _6\"></span>0.0%<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x3f3 y203e w23e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls6 ws7\">78,<span class=\"_ _4\"></span>96<span class=\"_ _4\"></span>2<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f54 w23f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>ax rate<span class=\"_ _208\"> </span></div></td><td class=\"c n x3f4 y1f54 w240 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls131 ws12f\">25<span class=\"_ _4\"></span>.5%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3f5 y1f54 w222 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">+ 1<span class=\"_ _6\"></span>.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3f6 y1f54 w241 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsf0 wse9\">(13<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td><td class=\"c n x3f7 y1f54 w224 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">- 1<span class=\"_ _6\"></span>.0%<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x3f8 y1f54 w242 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsf0 wse9\">13<span class=\"_ _4\"></span>,7<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>4<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w243 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Deposit rate<span class=\"_ _208\"> </span></div></td><td class=\"c n x3f9 y1f44 w244 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls12d ws12b\">2<span class=\"_ _4\"></span>.4%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3fa y1f44 w245 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">+ 1<span class=\"_ _1\"></span>.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3fb y1f44 w246 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls12e ws12c\">23<span class=\"_ _4\"></span>,30<span class=\"_ _4\"></span>6<span class=\"_ _208\"> </span></div></td><td class=\"c n x3fc y1f44 w22d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">- 1<span class=\"_ _1\"></span>.0%<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x3fd y1f44 w247 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsad wsad\">(<span class=\"_ _4\"></span>23,0<span class=\"_ _4\"></span>06)</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-247": {
   "value": "AC<span class=\"_ _2\"></span>COUNTING<span class=\"_ _2\"></span> POLIC<span class=\"_ _6\"></span>Y<span class=\"_ _208\"> </span>Interest bearing loans and over<span class=\"_ _6\"></span>drafts are initially recorded as the pr<span class=\"_ _6\"></span>oceeds received net of any directly attributable issue costs. Subsequent measurement is at amortised cost, with borr<span class=\"_ _6\"></span>owing costs recognised in the Consolidated Statement of Comprehensive Income in the year in which they are incurr<span class=\"_ _6\"></span>ed, using the effective interest rate method. Arrangement fees are amortised over the term of the CDF<span class=\"_ _3\"></span>.<span class=\"_ _208\"> </span>Finance costs for the year were \u00a34.0m (December 2023: \u00a37.3m). The Gr<span class=\"_ _6\"></span>oup has a CDF with \u00a3250m available on a fully committed basis, with a flexible \u2018accordion\u2019 component which will, subject to lender appr<span class=\"_ _6\"></span>oval, allow for a future extension by an additional \u00a350m. The interest rate margin on the CDF in the year was 170 basis points over SONIA. The current CDF r<span class=\"_ _6\"></span>emains in place until June 2025, after which a renewed facility will take ef<span class=\"_ _6\"></span>fect. The new facility is expected to have broadly the same terms and structure as the current facility<span class=\"_ _3\"></span>, with no repayments due ahead of maturity<span class=\"_ _3\"></span>, and is secured over the assets of the Group. The curr<span class=\"_ _2\"></span>ent banking group for the facility consists of National Australia Bank, the Royal Bank of Scotland International, Sumitomo Mitsui Banking Corporation and Barclays Bank. From June 2025, the banking group will consist of Internationale Nederlanden Groep, National Australia Bank, the Royal Bank of Scotland International, and Barclays Bank. As at December 2024 the facility was undrawn (December 2023: \u00a365.0m cash drawn), with \u00a313.5m committed under letter of credit (December 2023: \u00a316.4m drawn under letter of cr<span class=\"_ _6\"></span>edit). The uncommitted balance of the facility which was not cash drawn or notionally drawn via letters of credit, was c.\u00a3236.5m (December 2023: \u00a3268.6m).<span class=\"_ _208\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-244": {
   "value": "AC<span class=\"_ _2\"></span>COUNTING<span class=\"_ _2\"></span> POLIC<span class=\"_ _6\"></span>Y<span class=\"_ _208\"> </span>Interest bearing loans and over<span class=\"_ _6\"></span>drafts are initially recorded as the pr<span class=\"_ _6\"></span>oceeds received net of any directly attributable issue costs. Subsequent measurement is at amortised cost, with borr<span class=\"_ _6\"></span>owing costs recognised in the Consolidated Statement of Comprehensive Income in the year in which they are incurr<span class=\"_ _6\"></span>ed, using the effective interest rate method. Arrangement fees are amortised over the term of the CDF<span class=\"_ _3\"></span>.<span class=\"_ _208\"> </span>Finance costs for the year were \u00a34.0m (December 2023: \u00a37.3m). The Gr<span class=\"_ _6\"></span>oup has a CDF with \u00a3250m available on a fully committed basis, with a flexible \u2018accordion\u2019 component which will, subject to lender appr<span class=\"_ _6\"></span>oval, allow for a future extension by an additional \u00a350m. The interest rate margin on the CDF in the year was 170 basis points over SONIA. The current CDF r<span class=\"_ _6\"></span>emains in place until June 2025, after which a renewed facility will take ef<span class=\"_ _6\"></span>fect. The new facility is expected to have broadly the same terms and structure as the current facility<span class=\"_ _3\"></span>, with no repayments due ahead of maturity<span class=\"_ _3\"></span>, and is secured over the assets of the Group. The curr<span class=\"_ _2\"></span>ent banking group for the facility consists of National Australia Bank, the Royal Bank of Scotland International, Sumitomo Mitsui Banking Corporation and Barclays Bank. From June 2025, the banking group will consist of Internationale Nederlanden Groep, National Australia Bank, the Royal Bank of Scotland International, and Barclays Bank. As at December 2024 the facility was undrawn (December 2023: \u00a365.0m cash drawn), with \u00a313.5m committed under letter of credit (December 2023: \u00a316.4m drawn under letter of cr<span class=\"_ _6\"></span>edit). The uncommitted balance of the facility which was not cash drawn or notionally drawn via letters of credit, was c.\u00a3236.5m (December 2023: \u00a3268.6m).<span class=\"_ _208\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-229": {
   "value": "Interest bearing loans and over<span class=\"_ _6\"></span>drafts are initially recorded as the pr<span class=\"_ _6\"></span>oceeds received net of any directly attributable issue costs. Subsequent measurement is at amortised cost, with borr<span class=\"_ _6\"></span>owing costs recognised in the Consolidated Statement of Comprehensive Income in the year in which they are incurr<span class=\"_ _6\"></span>ed, using the effective interest rate method. Arrangement fees are amortised over the term of the CDF<span class=\"_ _3\"></span>.<span class=\"_ _208\"> </span>Finance costs for the year were \u00a34.0m (December 2023: \u00a37.3m). The Gr<span class=\"_ _6\"></span>oup has a CDF with \u00a3250m available on a fully committed basis, with a flexible \u2018accordion\u2019 component which will, subject to lender appr<span class=\"_ _6\"></span>oval, allow for a future extension by an additional \u00a350m. The interest rate margin on the CDF in the year was 170 basis points over SONIA. The current CDF r<span class=\"_ _6\"></span>emains in place until June 2025, after which a renewed facility will take ef<span class=\"_ _6\"></span>fect. The new facility is expected to have broadly the same terms and structure as the current facility<span class=\"_ _3\"></span>, with no repayments due ahead of maturity<span class=\"_ _3\"></span>, and is secured over the assets of the Group. The curr<span class=\"_ _2\"></span>ent banking group for the facility consists of National Australia Bank, the Royal Bank of Scotland International, Sumitomo Mitsui Banking Corporation and Barclays Bank. From June 2025, the banking group will consist of Internationale Nederlanden Groep, National Australia Bank, the Royal Bank of Scotland International, and Barclays Bank. As at December 2024 the facility was undrawn (December 2023: \u00a365.0m cash drawn), with \u00a313.5m committed under letter of credit (December 2023: \u00a316.4m drawn under letter of cr<span class=\"_ _6\"></span>edit). The uncommitted balance of the facility which was not cash drawn or notionally drawn via letters of credit, was c.\u00a3236.5m (December 2023: \u00a3268.6m).<span class=\"_ _208\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-248": {
   "value": "Interest bearing loans and over<span class=\"_ _6\"></span>drafts are initially recorded as the pr<span class=\"_ _6\"></span>oceeds received net of any directly attributable issue costs. Subsequent measurement is at amortised cost, with borr<span class=\"_ _6\"></span>owing costs recognised in the Consolidated Statement of Comprehensive Income in the year in which they are incurr<span class=\"_ _6\"></span>ed, using the effective interest rate method. Arrangement fees are amortised over the term of the CDF<span class=\"_ _3\"></span>.<span class=\"_ _208\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-178": {
   "value": "9. <span class=\"_ _12f\"> </span>T<span class=\"_ _1\"></span>A<span class=\"_ _5\"></span>X CHA<span class=\"_ _4\"></span>RGE<span class=\"_ _208\"> </span>AC<span class=\"_ _2\"></span>COUNTING<span class=\"_ _2\"></span> POLIC<span class=\"_ _6\"></span>Y<span class=\"_ _208\"> </span>Current tax is based on taxable pr<span class=\"_ _6\"></span>ofit for the year<span class=\"_ _6\"></span>. T<span class=\"_ _3\"></span>axable profit differs fr<span class=\"_ _2\"></span>om net profit as r<span class=\"_ _2\"></span>eported in the Consolidated Statement of Comprehensive Income as it excludes items of income or expense that ar<span class=\"_ _6\"></span>e taxable or deductible in past or future years and it further excludes items that are never taxable or deductible. The Gr<span class=\"_ _6\"></span>oup\u2019<span class=\"_ _1\"></span>s asset/liability for current tax is calculated using tax rates that have been enacted or substantively enacted at the balance sheet date. The current tax charge/cr<span class=\"_ _6\"></span>edit in the Consolidated Statement of Comprehensive Income is recognised net of r<span class=\"_ _6\"></span>eceivables recognised for losses surrendered to unconsolidated subsidiary entities. Under the current system of taxation in Guernsey<span class=\"_ _1\"></span>, the Company itself is exempt from paying taxes on income, pr<span class=\"_ _2\"></span>ofits or capital gains. Dividend income and interest income r<span class=\"_ _6\"></span>eceived by the Group may be subject to withholding tax imposed in the country of origin of such income.<span class=\"_ _208\"> </span><table class=\"s w162 had\" id=\"_379a88dc-7db0-431c-a853-d4617927dc63\"><tr><td></td><td class=\"t m1 x21e h2b y200d ff1 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended<span class=\"_ _208\"> </span></td><td class=\"t m1 x21f h14 y200e ff4 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"t m1 x220 h2b y200f ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x221 h14 y2010 ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"t m1 x1ce h2b y2011 ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x1cf h14 y2012 ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"t m1 x1d4 h2 y2013 ff1 fs0 fc0 sc0 ls0 ws0\">Current tax:<span class=\"_ _208\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x19b y1f54 w163 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Other overseas tax \u2013 current year<span class=\"_ _208\"> </span></div></td><td class=\"c n x2f8 y1f54 w164 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls49 ws46\">16<span class=\"_ _208\"> </span></div></td><td class=\"c n x2f9 y1f54 w98 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>4<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w165 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>ax charge for the year<span class=\"_ _208\"> </span></div></td><td class=\"c n x2fa y1f44 w166 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls49 ws46\">16<span class=\"_ _208\"> </span></div></td><td class=\"c n x2fb y1f44 w98 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>4<span class=\"_ _208\"> </span></div></td></tr></table><div class=\"gsc3\"><table class=\"s w13f hae\" id=\"_5b991914-c9a3-435f-91a6-359eda5b90e2\"><tr><td></td><td class=\"t m1 x193 h2b y2014 ff1 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended<span class=\"_ _208\"> </span></td><td class=\"t m1 x194 h14 y2015 ff4 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"t m1 x195 h2b y2016 ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x196 h14 y2017 ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td class=\"t m1 x19f h14 y2018 ff4 fsd fc0 sc0 ls0 ws0\">Reconciliation of effective tax rate:<span class=\"_ _208\"> </span></td><td class=\"t m1 x198 h2b y2019 ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x199 h14 y201a ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y1f27 w167 h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Profit befor<span class=\"_ _6\"></span>e tax<span class=\"_ _208\"> </span></div></td><td class=\"c n x2fc y1f27 w5c h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lse3 ws5b\">4<span class=\"_ _4\"></span>81<span class=\"_ _208\"> </span></div></td><td class=\"c n x2fd y1f27 w5d h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls111 ws109\">2<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>9<span class=\"_ _d\"> </span>6<span class=\"_ _5\"> </span>5<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1fae w168 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Exempt tax status in Guernsey<span class=\"_ _208\"> </span></div></td><td class=\"c n x2fe y1fae wfd h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td><td class=\"c n x2ff y1fae w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f54 w169 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Application of overseas tax rates<span class=\"_ _208\"> </span></div></td><td class=\"c n x2fa y1f54 w166 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls49 ws46\">16<span class=\"_ _208\"> </span></div></td><td class=\"c n x2fb y1f54 w98 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>4<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w165 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>ax charge for the year<span class=\"_ _208\"> </span></div></td><td class=\"c n x2fa y1f44 w166 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls49 ws46\">16<span class=\"_ _208\"> </span></div></td><td class=\"c n x2fb y1f44 w98 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>4<span class=\"_ _208\"> </span></div></td></tr></table></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsc4\">The income tax charge above does not repr<span class=\"_ _6\"></span>esent the full tax position of the entire Group as the investment returns received by the Company </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsc5\">are net of tax payable at the underlying investee entity level. As a consequence of the adoption of IFRS 10 investment entity consolidation </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsc6\">exception, underlying investee entity tax is not consolidated within these financial statements.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-232": {
   "value": "AC<span class=\"_ _2\"></span>COUNTING<span class=\"_ _2\"></span> POLIC<span class=\"_ _6\"></span>Y<span class=\"_ _208\"> </span>Current tax is based on taxable pr<span class=\"_ _6\"></span>ofit for the year<span class=\"_ _6\"></span>. T<span class=\"_ _3\"></span>axable profit differs fr<span class=\"_ _2\"></span>om net profit as r<span class=\"_ _2\"></span>eported in the Consolidated Statement of Comprehensive Income as it excludes items of income or expense that ar<span class=\"_ _6\"></span>e taxable or deductible in past or future years and it further excludes items that are never taxable or deductible. The Gr<span class=\"_ _6\"></span>oup\u2019<span class=\"_ _1\"></span>s asset/liability for current tax is calculated using tax rates that have been enacted or substantively enacted at the balance sheet date. The current tax charge/cr<span class=\"_ _6\"></span>edit in the Consolidated Statement of Comprehensive Income is recognised net of r<span class=\"_ _6\"></span>eceivables recognised for losses surrendered to unconsolidated subsidiary entities. Under the current system of taxation in Guernsey<span class=\"_ _1\"></span>, the Company itself is exempt from paying taxes on income, pr<span class=\"_ _2\"></span>ofits or capital gains. Dividend income and interest income r<span class=\"_ _6\"></span>eceived by the Group may be subject to withholding tax imposed in the country of origin of such income.<span class=\"_ _208\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-179": {
   "value": "<div class=\"t m1 h2 ff1 fs0 fc3 sc0 ls0 ws0 gsc8\">10. <span class=\"_ _119\"> </span>E<span class=\"_ _4\"></span>AR<span class=\"_ _4\"></span>NIN<span class=\"_ _4\"></span>GS PE<span class=\"_ _4\"></span>R SH<span class=\"_ _4\"></span>ARE<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsc9\">The calculation of basic and diluted earnings per share is based on the following data:<span class=\"_ _208\"> </span></div><div class=\"gsca\"><table class=\"s w13f haf\" id=\"_4e099116-f0ad-4647-a3a6-e23d9c22d1fd\"><tr><td></td><td class=\"t m1 x193 h2b y201b ff1 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended<span class=\"_ _208\"> </span></td><td class=\"t m1 x194 h14 y201c ff4 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"t m1 x195 h2b y201d ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x196 h14 y201e ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"t m1 x198 h2b y201f ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x199 h14 y2020 ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"t m1 x19f h8 y2021 ff4 fs0 fc0 sc0 ls0 ws0\">Earnings for the purposes of basic and diluted ear<span class=\"_ _4\"></span>nings per shar<span class=\"_ _2\"></span>e  </td><td></td><td></td></tr><tr><td class=\"c n x19b y1f44 w16a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">being net profit attributable to equity holders of the par<span class=\"_ _6\"></span>ent<span class=\"_ _208\"> </span></div></td><td class=\"c n x300 y1f44 w61 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls112 ws10b\">465<span class=\"_ _208\"> </span></div></td><td class=\"c n x301 y1f44 w5d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls111 ws109\">2<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>8<span class=\"_ _d\"> </span>6<span class=\"_ _5\"></span>1<span class=\"_ _208\"> </span></div></td></tr></table></div><div class=\"gscb\"><table class=\"s w16b hb0\" id=\"_fa976da9-0292-48df-87ba-e36aef56fcb2\"><tr><td></td><td class=\"c n x302 y2023 w16c hb1\"><div class=\"t m1 x19a h14 y2022 ff1 fsd fc0 sc0 ls0 ws0\">Number<span class=\"_ _208\"> </span></div></td><td class=\"c n x303 y2023 w16d h9c\"><div class=\"t m1 x19a h14 y2022 ff4 fsd fc0 sc0 ls0 ws0\">Number<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x19f h8 y2024 ff4 fs0 fc0 sc0 ls0 ws0\">Weighted average number of Or<span class=\"_ _6\"></span>dinary Shares for the purposes  </td><td></td><td></td></tr><tr><td class=\"c n x19b y1f54 w16e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">of basic and diluted earnings per share<span class=\"_ _208\"> </span></div></td><td class=\"c n x304 y1f54 w16f h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls118 ws110\">1<span class=\"_ _6\"></span>,898,454,<span class=\"_ _3\"></span>1<span class=\"_ _6\"></span>98<span class=\"_ _208\"> </span></div></td><td class=\"c n x305 y1f54 w170 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>11,<span class=\"_ _5\"> </span>2<span class=\"_ _4\"></span>4<span class=\"_ _d\"> </span>3<span class=\"_ _5\"></span>,13<span class=\"_ _5\"></span>2<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w171 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">Basic and diluted (pence)<span class=\"_ _208\"> </span></div></td><td class=\"c n x240 y1f44 w64 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls67 ws63\">0.02<span class=\"_ _208\"> </span></div></td><td class=\"c n x306 y1f44 w172 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa9 wsaa\">1.<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>6<span class=\"_ _208\"> </span></div></td></tr></table></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gscc\">Calculated on the basis of outstanding shares (excluding shar<span class=\"_ _6\"></span>es held in treasury from buyback activity). The denominator for the purposes </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gscd\">of<span class=\"_ gs66\"> </span>calculating both basic and diluted earnings per share is the same as the Group has not issued any shar<span class=\"_ _6\"></span>e options or other instruments that </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsce\">would cause dilution. </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-196": {
   "value": "1<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>1 <span class=\"_ _119\"> </span>FINANCIAL<span class=\"_ _2\"></span> ASSETS<span class=\"_ _208\"> </span><table class=\"s w13f hb2\" id=\"_2edaa2ec-9f1c-44b6-b830-0f99a084cc3f\"><tr><td></td><td class=\"t m1 x195 h2b y2025 ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x196 h14 y2025 ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"t m1 x198 h2b y2026 ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x199 h14 y2026 ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y2027 w173 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">Investments at fair value through pr<span class=\"_ _6\"></span>ofit and loss<span class=\"_ _208\"> </span></div></td><td class=\"c n x307 y2027 w83 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls113 wsf7\">2<span class=\"_ _4\"></span>,593<span class=\"_ _4\"></span>,056<span class=\"_ _208\"> </span></div></td><td class=\"c n x308 y2027 w84 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls7a ws74\">2,<span class=\"_ _4\"></span>818<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>3<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x19f h2 y2028 ff1 fs0 fc0 sc0 ls0 ws0\">Financial assets at amortised cost<span class=\"_ _208\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x19b y1fad w174 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>rade and other receivables<span class=\"_ _208\"> </span></div></td><td class=\"c n x309 y1fad w10d h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls6a ws66\">5<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>,8<span class=\"_ _4\"></span>10<span class=\"_ _208\"> </span></div></td><td class=\"c n x255 y1fad w175 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls128 ws125\">4<span class=\"_ _4\"></span>3,<span class=\"_ _4\"></span>297<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f27 w176 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Cash and cash equivalents<span class=\"_ _208\"> </span></div></td><td class=\"c n x258 y1f27 wdf h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls49 ws46\">76<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>51<span class=\"_ _208\"> </span></div></td><td class=\"c n x259 y1f27 w87 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsaa wsab\">12<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>61<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x19f h2 y2029 ff1 fs0 fc0 sc0 ls0 ws0\">Derivative financial instruments at fair value through pr<span class=\"_ _6\"></span>ofit or loss<span class=\"_ _208\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x19b y1f54 w177 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Foreign exchange contracts<span class=\"_ _208\"> </span></div></td><td class=\"c n x30a y1f54 w178 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls129 ws126\">3,<span class=\"_ _4\"></span>229<span class=\"_ _208\"> </span></div></td><td class=\"c n x30b y1f54 w179 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa9 wsaa\">1,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>4<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w17a h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal financial assets<span class=\"_ _208\"> </span></div></td><td class=\"c n x30c y1f44 w91 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls118 ws110\">2,<span class=\"_ _2\"></span>728<span class=\"_ _2\"></span>,546<span class=\"_ _208\"> </span></div></td><td class=\"c n x30d y1f44 w92 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls5f ws5a\">2,9<span class=\"_ _4\"></span>92,<span class=\"_ _6\"></span>185<span class=\"_ _208\"> </span></div></td></tr></table>AC<span class=\"_ _2\"></span>COUNTING<span class=\"_ _2\"></span> POLIC<span class=\"_ _6\"></span>Y<span class=\"_ _208\"> </span>The Group classifies its financial assets as at fair value thr<span class=\"_ _6\"></span>ough profit or loss or as financial assets at amortised cost. The classification depends on the purpose for which the financial assets were acquir<span class=\"_ _6\"></span>ed, with investments in unconsolidated subsidiaries (other than those providing investment-r<span class=\"_ _6\"></span>elated services) being at fair value through profit or loss as requir<span class=\"_ _6\"></span>ed by IFRS 10. Inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nts a<span class=\"_ _4\"></span>t fa<span class=\"_ _4\"></span>ir val<span class=\"_ _4\"></span>ue t<span class=\"_ _4\"></span>hr<span class=\"_ _4\"></span>oug<span class=\"_ _4\"></span>h pr<span class=\"_ _4\"></span>ofit o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s<span class=\"_ _208\"> </span>Investments in underlying unconsolidated subsidiaries and other non-controlled investments ar<span class=\"_ _6\"></span>e held in a portfolio, the business model of which is to manage them on a fair value basis. The Group\u2019<span class=\"_ _3\"></span>s policy is to fair value both the equity and debt investments in underlying assets together<span class=\"_ _1\"></span>. All transaction costs relating to the acquisition of new investments ar<span class=\"_ _2\"></span>e recognised dir<span class=\"_ _6\"></span>ectly in profit or loss. Subsequent to initial recognition, equity and debt investments ar<span class=\"_ _6\"></span>e measured at fair value with changes in fair value recognised within total investment income in the Consolidated Statement of Comprehensive Income.<span class=\"_ _208\"> </span>T<span class=\"_ _6\"></span>r<span class=\"_ _4\"></span>ade a<span class=\"_ _4\"></span>nd o<span class=\"_ _4\"></span>th<span class=\"_ _4\"></span>er re<span class=\"_ _4\"></span>ce<span class=\"_ _4\"></span>ivab<span class=\"_ _4\"></span>le<span class=\"_ _4\"></span>s T<span class=\"_ _1\"></span>rade and other receivables that meet the contracted cash flow test as sole payments of principal and inter<span class=\"_ _2\"></span>est and which are held in a business model to receive these contractual cash flows ar<span class=\"_ _6\"></span>e classified as trade and other receivables. Financial assets with maturities less than 12 months are included in curr<span class=\"_ _6\"></span>ent assets, financial assets with maturities greater than 12 months after the balance sheet date are classified as non-current assets.<span class=\"_ _208\"> </span>Cash and<span class=\"_ _6\"></span> cash equivalents<span class=\"_ _208\"> </span>Cash and cash equivalents comprise cash on hand and demand deposits and other short-term highly liquid investments with an original maturity of three months or less that ar<span class=\"_ _6\"></span>e readily convertible to a known amount of cash and are subject to an insignificant risk of changes in<span class=\"_ gs66\"> </span>value.<span class=\"_ _208\"> </span>Derivative<span class=\"_ _6\"></span> financial instruments<span class=\"_ _208\"> </span>Derivatives are classified as financial assets and liabilities at fair value thr<span class=\"_ _6\"></span>ough profit or loss, held for trading. Derivatives are recognised initially<span class=\"_ _1\"></span>, and are subsequently r<span class=\"_ _2\"></span>emeasured, at fair value. Derivatives ar<span class=\"_ _2\"></span>e shown as assets when their fair value is positive or as liabilities when their fair value is negative. Fair value movements on derivative financial instruments held for trading are r<span class=\"_ _6\"></span>ecognised in the Consolidated Statement of Comprehensive Income.<span class=\"_ _208\"> </span>Impairment o<span class=\"_ _2\"></span>f financial<span class=\"_ _6\"></span> assets<span class=\"_ _208\"> </span>Financial assets, other than those classified at fair value through pr<span class=\"_ _6\"></span>ofit or loss, being trade and other receivables adopt a simplified approach to calculate any expected credit losses. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-233": {
   "value": "AC<span class=\"_ _2\"></span>COUNTING<span class=\"_ _2\"></span> POLIC<span class=\"_ _6\"></span>Y<span class=\"_ _208\"> </span>The Group classifies its financial assets as at fair value thr<span class=\"_ _6\"></span>ough profit or loss or as financial assets at amortised cost. The classification depends on the purpose for which the financial assets were acquir<span class=\"_ _6\"></span>ed, with investments in unconsolidated subsidiaries (other than those providing investment-r<span class=\"_ _6\"></span>elated services) being at fair value through profit or loss as requir<span class=\"_ _6\"></span>ed by IFRS 10. Inve<span class=\"_ _4\"></span>st<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nts a<span class=\"_ _4\"></span>t fa<span class=\"_ _4\"></span>ir val<span class=\"_ _4\"></span>ue t<span class=\"_ _4\"></span>hr<span class=\"_ _4\"></span>oug<span class=\"_ _4\"></span>h pr<span class=\"_ _4\"></span>ofit o<span class=\"_ _4\"></span>r los<span class=\"_ _4\"></span>s<span class=\"_ _208\"> </span>Investments in underlying unconsolidated subsidiaries and other non-controlled investments ar<span class=\"_ _6\"></span>e held in a portfolio, the business model of which is to manage them on a fair value basis. The Group\u2019<span class=\"_ _3\"></span>s policy is to fair value both the equity and debt investments in underlying assets together<span class=\"_ _1\"></span>. All transaction costs relating to the acquisition of new investments ar<span class=\"_ _2\"></span>e recognised dir<span class=\"_ _6\"></span>ectly in profit or loss. Subsequent to initial recognition, equity and debt investments ar<span class=\"_ _6\"></span>e measured at fair value with changes in fair value recognised within total investment income in the Consolidated Statement of Comprehensive Income.<span class=\"_ _208\"> </span>T<span class=\"_ _6\"></span>r<span class=\"_ _4\"></span>ade a<span class=\"_ _4\"></span>nd o<span class=\"_ _4\"></span>th<span class=\"_ _4\"></span>er re<span class=\"_ _4\"></span>ce<span class=\"_ _4\"></span>ivab<span class=\"_ _4\"></span>le<span class=\"_ _4\"></span>s T<span class=\"_ _1\"></span>rade and other receivables that meet the contracted cash flow test as sole payments of principal and inter<span class=\"_ _2\"></span>est and which are held in a business model to receive these contractual cash flows ar<span class=\"_ _6\"></span>e classified as trade and other receivables. Financial assets with maturities less than 12 months are included in curr<span class=\"_ _6\"></span>ent assets, financial assets with maturities greater than 12 months after the balance sheet date are classified as non-current assets.<span class=\"_ _208\"> </span>Cash and<span class=\"_ _6\"></span> cash equivalents<span class=\"_ _208\"> </span>Cash and cash equivalents comprise cash on hand and demand deposits and other short-term highly liquid investments with an original maturity of three months or less that ar<span class=\"_ _6\"></span>e readily convertible to a known amount of cash and are subject to an insignificant risk of changes in<span class=\"_ gs66\"> </span>value.<span class=\"_ _208\"> </span>Derivative<span class=\"_ _6\"></span> financial instruments<span class=\"_ _208\"> </span>Derivatives are classified as financial assets and liabilities at fair value thr<span class=\"_ _6\"></span>ough profit or loss, held for trading. Derivatives are recognised initially<span class=\"_ _1\"></span>, and are subsequently r<span class=\"_ _2\"></span>emeasured, at fair value. Derivatives ar<span class=\"_ _2\"></span>e shown as assets when their fair value is positive or as liabilities when their fair value is negative. Fair value movements on derivative financial instruments held for trading are r<span class=\"_ _6\"></span>ecognised in the Consolidated Statement of Comprehensive Income.<span class=\"_ _208\"> </span>Impairment o<span class=\"_ _2\"></span>f financial<span class=\"_ _6\"></span> assets<span class=\"_ _208\"> </span>Financial assets, other than those classified at fair value through pr<span class=\"_ _6\"></span>ofit or loss, being trade and other receivables adopt a simplified approach to calculate any expected credit losses. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-237": {
   "value": "T<span class=\"_ _6\"></span>r<span class=\"_ _4\"></span>ade a<span class=\"_ _4\"></span>nd o<span class=\"_ _4\"></span>th<span class=\"_ _4\"></span>er re<span class=\"_ _4\"></span>ce<span class=\"_ _4\"></span>ivab<span class=\"_ _4\"></span>le<span class=\"_ _4\"></span>s T<span class=\"_ _1\"></span>rade and other receivables that meet the contracted cash flow test as sole payments of principal and inter<span class=\"_ _2\"></span>est and which are held in a business model to receive these contractual cash flows ar<span class=\"_ _6\"></span>e classified as trade and other receivables. Financial assets with maturities less than 12 months are included in curr<span class=\"_ _6\"></span>ent assets, financial assets with maturities greater than 12 months after the balance sheet date are classified as non-current assets.<span class=\"_ _208\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-238": {
   "value": "Cash and<span class=\"_ _6\"></span> cash equivalents<span class=\"_ _208\"> </span>Cash and cash equivalents comprise cash on hand and demand deposits and other short-term highly liquid investments with an original maturity of three months or less that ar<span class=\"_ _6\"></span>e readily convertible to a known amount of cash and are subject to an insignificant risk of changes in<span class=\"_ gs66\"> </span>value.<span class=\"_ _208\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-245": {
   "value": "Derivative<span class=\"_ _6\"></span> financial instruments<span class=\"_ _208\"> </span>Derivatives are classified as financial assets and liabilities at fair value thr<span class=\"_ _6\"></span>ough profit or loss, held for trading. Derivatives are recognised initially<span class=\"_ _1\"></span>, and are subsequently r<span class=\"_ _2\"></span>emeasured, at fair value. Derivatives ar<span class=\"_ _2\"></span>e shown as assets when their fair value is positive or as liabilities when their fair value is negative. Fair value movements on derivative financial instruments held for trading are r<span class=\"_ _6\"></span>ecognised in the Consolidated Statement of Comprehensive Income.<span class=\"_ _208\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-239": {
   "value": "Derivative<span class=\"_ _6\"></span> financial instruments<span class=\"_ _208\"> </span>Derivatives are classified as financial assets and liabilities at fair value thr<span class=\"_ _6\"></span>ough profit or loss, held for trading. Derivatives are recognised initially<span class=\"_ _1\"></span>, and are subsequently r<span class=\"_ _2\"></span>emeasured, at fair value. Derivatives ar<span class=\"_ _2\"></span>e shown as assets when their fair value is positive or as liabilities when their fair value is negative. Fair value movements on derivative financial instruments held for trading are r<span class=\"_ _6\"></span>ecognised in the Consolidated Statement of Comprehensive Income.<span class=\"_ _208\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-246": {
   "value": "Impairment o<span class=\"_ _2\"></span>f financial<span class=\"_ _6\"></span> assets<span class=\"_ _208\"> </span>Financial assets, other than those classified at fair value through pr<span class=\"_ _6\"></span>ofit or loss, being trade and other receivables adopt a simplified approach to calculate any expected credit losses. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-240": {
   "value": "Impairment o<span class=\"_ _2\"></span>f financial<span class=\"_ _6\"></span> assets<span class=\"_ _208\"> </span>Financial assets, other than those classified at fair value through pr<span class=\"_ _6\"></span>ofit or loss, being trade and other receivables adopt a simplified approach to calculate any expected credit losses. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-197": {
   "value": "<div class=\"t m1 h2 ff1 fs0 fc1 sc0 ls8 ws9 gsf4\">1<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>.3 <span class=\"_ _119\"> </span>FINANCIAL<span class=\"_ _6\"></span> RISK MANA<span class=\"_ _2\"></span>GEMENT </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsf5\">The Group\u2019<span class=\"_ _3\"></span>s objective in managing risk is the protection of stakeholder value. Risk is inher<span class=\"_ _2\"></span>ent in the Group\u2019<span class=\"_ _3\"></span>s activities and is managed </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsf6\">through a pr<span class=\"_ _6\"></span>ocess of ongoing identification, measurement and monitoring, subject to risk limits and other controls. The Group is exposed to </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsf7\">market risk (which includes currency risk, inter<span class=\"_ _6\"></span>est rate risk and inflation risk), credit risk and liquidity risk arising from the financial instruments </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsf8\">it holds. The Board of Dir<span class=\"_ _6\"></span>ectors is ultimately responsible for the overall risk management of the Group, with delegation of oversight and </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsf9\">activities (including identifying and controlling risks) pr<span class=\"_ _6\"></span>ovided to the Audit and Risk Committee and the Group\u2019<span class=\"_ _1\"></span>s Investment Adviser<span class=\"_ _1\"></span>.  </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsfa\">The Group\u2019<span class=\"_ _3\"></span>s risk management framework and approach is set out within the Strategic Report (pages 4 to 65). The Boar<span class=\"_ _2\"></span>d takes into  </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsfb\">account market, credit and liquidity risks in forming the Gr<span class=\"_ _6\"></span>oup\u2019<span class=\"_ _1\"></span>s risk management strategy<span class=\"_ _1\"></span>.<span class=\"_ _208\"> </span></div><div class=\"t m1 h2 ff1 fs0 fc1 sc0 ls8 ws9 gsfc\">MARKET R<span class=\"_ _2\"></span>ISK<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsfd\">Market risk is the risk that the fair value or future cash flows of financial instruments will fluctuate due to changes in market variables such as </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gsfe\">changes in inflation, foreign exchange rates and inter<span class=\"_ _6\"></span>est rates.<span class=\"_ _208\"> </span></div><div class=\"t m1 h2 ff1 fs0 fc0 sc0 ls2d ws2c gsff\">Inflation risk<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs100\">The majority of the Group\u2019<span class=\"_ _3\"></span>s cash flows from underlying investments ar<span class=\"_ _2\"></span>e linked to inflation indices. Changes in inflation rates can have a </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs101\">positive or negative impact on the Group\u2019<span class=\"_ _3\"></span>s cash flows from investments. The long-term inflation assumptions applied in the Gr<span class=\"_ _2\"></span>oup\u2019<span class=\"_ _3\"></span>s valuation </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs102\">of investments at fair value through pr<span class=\"_ _6\"></span>ofit or loss are disclosed in the fair value hierarchy section in note 11.4.<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs103\">The Group\u2019<span class=\"_ _3\"></span>s portfolio of investments has been developed in anticipation of continued inflation at or above the levels used in the Group\u2019<span class=\"_ _3\"></span>s </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs104\">valuation assumptions. Where inflation is at levels below the assumed levels for a sustained period of time, investment performance may be </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs105\">impaired. The level of inflation-linkage* acr<span class=\"_ _6\"></span>oss the investments held by the Group varies and is not consistent.<span class=\"_ _208\"> </span></div>Interest rate<span class=\"_ _6\"></span> risk<span class=\"_ _208\"> </span>Interest rate risk arises fr<span class=\"_ _6\"></span>om the possibility that changes in interest rates will affect future cash flows fr<span class=\"_ _6\"></span>om underlying investments, therefore impacting the value of investments at fair value through pr<span class=\"_ _6\"></span>ofit or loss. The Group has limited exposure to interest rate risk as the underlying borrowings within the unconsolidated investee entities ar<span class=\"_ _6\"></span>e either hedged through interest rate swap arrangements via an economic hedge, are fixed rate loans or the risk of adverse movement in inter<span class=\"_ _6\"></span>est rates is limited through protections provided by the r<span class=\"_ _6\"></span>egulatory regime. For<span class=\"_ gs66\"> </span>example, it is generally a requir<span class=\"_ _6\"></span>ement under a PFI/PPP concession that any borrowings are matched to the life of the concession. Hedging activities are aligned with the period of the loan, which also mirr<span class=\"_ _6\"></span>ors the concession period and are highly effective. Nevertheless, refinancing risk exists in a number of such investments. The Gr<span class=\"_ _6\"></span>oup\u2019<span class=\"_ _1\"></span>s CDF is unhedged on the basis that it is utilised as an investment bridging facility and therefor<span class=\"_ _6\"></span>e drawn for a relatively short period of time. Therefore, the Gr<span class=\"_ _6\"></span>oup is not significantly exposed to cash flow risk due to changes in interest rates over its variable rate borr<span class=\"_ _6\"></span>owings. Interest income on bank deposits held within underlying investments is included within the fair value of investments. For<span class=\"_ _4\"></span>eig<span class=\"_ _4\"></span>n cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>y ris<span class=\"_ _4\"></span>k<span class=\"_ _208\"> </span>The Group undertakes certain transactions denominated in for<span class=\"_ _6\"></span>eign currencies and therefore is exposed to exchange rate fluctuations. Currency risk arises in financial instruments that ar<span class=\"_ _6\"></span>e denominated in a foreign currency other than the functional currency in which they ar<span class=\"_ _6\"></span>e measured. The Gr<span class=\"_ _6\"></span>oup uses forward foreign exchange contracts to mitigate the risk of short-term volatility in foreign exchange on significant investment returns from overseas investments via an economic hedge. The Gr<span class=\"_ _6\"></span>oup does not hedge its exposure to foreign exchange in relation to for<span class=\"_ _6\"></span>eign currency denominated investment balances. The carrying amounts of the Group\u2019<span class=\"_ _3\"></span>s foreign currency denominated monetary financial instruments at the reporting date ar<span class=\"_ _6\"></span>e set out in the table below.<span class=\"_ _208\"> </span>Sensitivity analysis showing the impact of variations of the above risks on the fair value of investments is shown in note 11.5.<span class=\"_ _208\"> </span><table class=\"s w13f hb4\" id=\"_48adf76e-5a6a-4bf7-ac23-c3023978e208\"><tr><td></td><td class=\"t m1 x195 h2b y202d ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x196 h14 y202d ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023 </td></tr><tr><td></td><td class=\"t m1 x198 h2b y202e ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x199 h14 y202e ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"t m1 x19f h2 y202f ff1 fs0 fc0 sc0 ls0 ws0\">Cash<span class=\"_ _208\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x19b y2030 w180 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Euro<span class=\"_ _208\"> </span></div></td><td class=\"c n x312 y2030 w181 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls117 ws10f\">1<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>,11<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td><td class=\"c n x313 y2030 w182 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls2b ws2a\">6,<span class=\"_ _4\"></span>925<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2031 w183 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Canadian Dollar<span class=\"_ _208\"> </span></div></td><td class=\"c n x314 y2031 w184 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsac wsac\">326<span class=\"_ _208\"> </span></div></td><td class=\"c n x315 y2031 w185 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10c ws104\">79<span class=\"_ _4\"></span>6<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2032 w186 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Australian Dollar<span class=\"_ _208\"> </span></div></td><td class=\"c n x316 y2032 w187 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls112 ws10b\">1<span class=\"_ _6\"></span>,394<span class=\"_ _208\"> </span></div></td><td class=\"c n x317 y2032 w188 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls49 ws46\">3,4<span class=\"_ _4\"></span>48<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2033 w189 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">New Zealand Dollar<span class=\"_ _208\"> </span></div></td><td class=\"c n x318 y2033 w18a h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls112 ws10b\">2,263<span class=\"_ _208\"> </span></div></td><td class=\"c n x319 y2033 w18b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">5,3<span class=\"_ _4\"></span>62<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2034 w18c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">US Dollar<span class=\"_ _208\"> </span></div></td><td class=\"c n x31a y2034 w18d h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls117 ws10f\">3<span class=\"_ _5\"></span>,14<span class=\"_ _5\"></span>6<span class=\"_ _208\"> </span></div></td><td class=\"c n x31b y2034 w18e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls58 ws53\">4,0<span class=\"_ _4\"></span>60<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2035 w18f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Danish Krone<span class=\"_ _208\"> </span></div></td><td class=\"c n x31c y2035 w190 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa8 wsa9\">15<span class=\"_ _4\"></span>9<span class=\"_ _208\"> </span></div></td><td class=\"c n x31d y2035 w191 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls9b ws76\">362<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x31e y2036 w192 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls58 ws53\">19,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _208\"> </span></div></td><td class=\"c n x31f y2036 w193 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls25 ws24\">2<span class=\"_ _4\"></span>0,95<span class=\"_ _4\"></span>3<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x19f h2 y2037 ff1 fs0 fc0 sc0 ls0 ws0\">Current r<span class=\"_ _6\"></span>eceivables </td><td></td><td></td></tr><tr><td class=\"c n x19b y2038 w194 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Euro r<span class=\"_ _6\"></span>eceivables<span class=\"_ _208\"> </span></div></td><td class=\"c n x320 y2038 w195 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls102 wsf6\">2<span class=\"_ _4\"></span>,4<span class=\"_ _4\"></span>47<span class=\"_ _208\"> </span></div></td><td class=\"c n x321 y2038 w196 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa9 wsaa\">1,<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1fa5 w197 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Danish Krone r<span class=\"_ _6\"></span>eceivables<span class=\"_ _208\"> </span></div></td><td class=\"c n x322 y1fa5 w198 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls8b ws8a\">12<span class=\"_ _4\"></span>6<span class=\"_ _208\"> </span></div></td><td class=\"c n x323 y1fa5 w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2039 w199 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">US Dollar receivables<span class=\"_ _208\"> </span></div></td><td class=\"c n x324 y2039 w19a h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls118 ws110\">36<span class=\"_ _208\"> </span></div></td><td class=\"c n x241 y2039 w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x302 y203a w19b h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls134 ws132\">2,609<span class=\"_ _208\"> </span></div></td><td class=\"c n x325 y203a wb3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa9 wsaa\">1,<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x19f h2 y203b ff1 fs0 fc0 sc0 ls0 ws0\">Investments at fair value through pr<span class=\"_ _6\"></span>ofit or loss<span class=\"_ _208\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x19b y203c w180 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Euro<span class=\"_ _208\"> </span></div></td><td class=\"c n x326 y203c w19c h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls39 ws36\">33<span class=\"_ _4\"></span>9,4<span class=\"_ _4\"></span>88<span class=\"_ _208\"> </span></div></td><td class=\"c n x327 y203c w19d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa7 wsa8\">3<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>,76<span class=\"_ _4\"></span>2<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1fac w18f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Danish Krone<span class=\"_ _208\"> </span></div></td><td class=\"c n x328 y1fac w19e h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls117 ws10f\">8<span class=\"_ _5\"></span>,112<span class=\"_ _208\"> </span></div></td><td class=\"c n x329 y1fac w19f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls135 ws9a\">1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,938<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y203d w183 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Canadian Dollar<span class=\"_ _208\"> </span></div></td><td class=\"c n x32a y203d w1a0 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls136 ws133\">36<span class=\"_ _4\"></span>,697<span class=\"_ _208\"> </span></div></td><td class=\"c n x32b y203d w1a1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls25 ws24\">40,<span class=\"_ _4\"></span>355<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f26 w186 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Australian Dollar<span class=\"_ _208\"> </span></div></td><td class=\"c n x32c y1f26 w1a2 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls12d ws12b\">174<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>9<span class=\"_ _208\"> </span></div></td><td class=\"c n x32d y1f26 w1a3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls7a ws74\">18<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1fec w189 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">New Zealand Dollar<span class=\"_ _208\"> </span></div></td><td class=\"c n x32e y1fec w1a4 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa5 wsa6\">81,<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>4<span class=\"_ _208\"> </span></div></td><td class=\"c n x32f y1fec w1a5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lse3 ws5b\">9<span class=\"_ _4\"></span>6,940<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y203e w18c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">US Dollar<span class=\"_ _208\"> </span></div></td><td class=\"c n x330 y203e w1a6 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls39 ws36\">69,6<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td><td class=\"c n x331 y203e w1a7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>37<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x332 y1f54 w3a h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls6a ws66\">710<span class=\"_ _4\"></span>,75<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td><td class=\"c n x333 y1f54 w1a8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">7<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w1a9 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal<span class=\"_ _208\"> </span></div></td><td class=\"c n x334 y1f44 w1aa h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls103 ws79\">732<span class=\"_ _4\"></span>,773<span class=\"_ _208\"> </span></div></td><td class=\"c n x335 y1f44 w1ab h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls111 ws109\">7<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>1<span class=\"_ _208\"> </span></div></td></tr></table>Sensitivity analysis showing the impact of variations of the above market risks on the fair value of investments is shown in note 11.5.<span class=\"_ _208\"> </span>CR<span class=\"_ _4\"></span>EDI<span class=\"_ _4\"></span>T RIS<span class=\"_ _4\"></span>K Credit risk r<span class=\"_ _6\"></span>efers to the risk that a counterparty will default on its contractual obligations resulting in a financial loss to the Group. The Group has adopted a policy of dealing with creditworthy counterparties and r<span class=\"_ _6\"></span>eviewing this on a regular basis at the underlying entity level. The majority of<span class=\"_ _4\"></span> underlying investments are in public-private partnerships and similar concessions (which ar<span class=\"_ _6\"></span>e entered into with government, quasi gover<span class=\"_ _4\"></span>nment, other public, equivalent low risk bodies), or in regulated businesses that inher<span class=\"_ _6\"></span>ently exhibit low levels of credit risk. The maximum exposure of credit risk over financial assets as a r<span class=\"_ _6\"></span>esult of counterparty default is the carrying value of those financial assets in the balance sheet. In addition,<span class=\"_ _4\"></span> the underlying investee entities contract with third-party construction and facilities managements contractors. The Gr<span class=\"_ _6\"></span>oup seeks to mitigate this risk through using a diverse range of sub-contractors and thr<span class=\"_ _6\"></span>ough at least quarterly review of the credit position of major contractors.<span class=\"_ _208\"> </span>LIQ<span class=\"_ _4\"></span>UID<span class=\"_ _4\"></span>IT<span class=\"_ _4\"></span>Y RI<span class=\"_ _4\"></span>SK Liquidity risk is defined as the risk that the Group would encounter dif<span class=\"_ _6\"></span>ficulty in meeting obligations as and when they fall due associated with financial liabilities that are settled by delivering cash or another financial asset. The Gr<span class=\"_ _6\"></span>oup invests in relatively illiquid investments (mainly non-<span class=\"_ _208\"> </span>listed equity and loans). As a closed-ended investment vehicle there ar<span class=\"_ _6\"></span>e no automatic capital redemption rights. The Group manages liquidity risk by maintaining adequate cash reserves, banking facilities and r<span class=\"_ _6\"></span>eserve borrowing facilities and by continuously monitoring forecast and actual cash flows. Cash flow forecasts assume full availability of underlying infrastructur<span class=\"_ _6\"></span>e to the relevant public sector body or end-user<span class=\"_ _1\"></span>. Failure to maintain assets available for use or operating in accor<span class=\"_ _6\"></span>dance with pre-determined performance standards or licence conditions may lead to a reduction (wholly or partially) in the investment income that the Gr<span class=\"_ _6\"></span>oup has projected to receive. The Directors r<span class=\"_ _6\"></span>eview the underlying performance of each investment on a quarterly basis, allowing asset performance to be monitored. The terms of public-private partnership contractual mechanisms also allow for significant pass-down of unavailability and performance risk to sub-contractors. Regulated asset regimes allow for the pass thr<span class=\"_ _6\"></span>ough of efficiently incurred costs to the purchaser<span class=\"_ _3\"></span>. The Group\u2019<span class=\"_ _3\"></span>s financial liabilities comprise trade and other payables, payable within 12 months of the year end, derivative financial instruments.<span class=\"_ _208\"> </span>CAP<span class=\"_ _6\"></span>IT<span class=\"_ _6\"></span>AL RISK<span class=\"_ _6\"></span> MANAGEMENT<span class=\"_ _208\"> </span>The Group seeks to ef<span class=\"_ _6\"></span>ficiently manage its financial resources to ensure that it is able to continue as a going concern while providing improved r<span class=\"_ _6\"></span>etur<span class=\"_ _4\"></span>ns to shareholders thr<span class=\"_ _6\"></span>ough the management of the debt and equity balances. The capital structure consists of the Group\u2019<span class=\"_ _3\"></span>s CDF and equity attributable to equity holders of the parent, comprising issued capital, r<span class=\"_ _6\"></span>eserves and retained earnings. The Group aims to deliver its objective by investing available cash and using leverage whilst maintaining sufficient liquidity to meet ongoing expenses and dividend payments. The Group\u2019<span class=\"_ _3\"></span>s investment policy is set out in the Corporate Governance Report on page 67.<span class=\"_ _208\"> </span>The Group\u2019<span class=\"_ _3\"></span>s Investment Adviser reviews the capital structur<span class=\"_ _2\"></span>e on a semi-annual basis. As part of this review<span class=\"_ _1\"></span>, the Investment Adviser considers the cost of capital and the associated risks.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-209": {
   "value": "MARKET R<span class=\"_ _2\"></span>ISK<span class=\"_ _208\"> </span>Market risk is the risk that the fair value or future cash flows of financial instruments will fluctuate due to changes in market variables such as changes in inflation, foreign exchange rates and inter<span class=\"_ _6\"></span>est rates.<span class=\"_ _208\"> </span>Inflation risk<span class=\"_ _208\"> </span>The majority of the Group\u2019<span class=\"_ _3\"></span>s cash flows from underlying investments ar<span class=\"_ _2\"></span>e linked to inflation indices. Changes in inflation rates can have a positive or negative impact on the Group\u2019<span class=\"_ _3\"></span>s cash flows from investments. The long-term inflation assumptions applied in the Gr<span class=\"_ _2\"></span>oup\u2019<span class=\"_ _3\"></span>s valuation of investments at fair value through pr<span class=\"_ _6\"></span>ofit or loss are disclosed in the fair value hierarchy section in note 11.4.<span class=\"_ _208\"> </span>The Group\u2019<span class=\"_ _3\"></span>s portfolio of investments has been developed in anticipation of continued inflation at or above the levels used in the Group\u2019<span class=\"_ _3\"></span>s valuation assumptions. Where inflation is at levels below the assumed levels for a sustained period of time, investment performance may be impaired. The level of inflation-linkage* acr<span class=\"_ _6\"></span>oss the investments held by the Group varies and is not consistent.<span class=\"_ _208\"> </span>Interest rate<span class=\"_ _6\"></span> risk<span class=\"_ _208\"> </span>Interest rate risk arises fr<span class=\"_ _6\"></span>om the possibility that changes in interest rates will affect future cash flows fr<span class=\"_ _6\"></span>om underlying investments, therefore impacting the value of investments at fair value through pr<span class=\"_ _6\"></span>ofit or loss. The Group has limited exposure to interest rate risk as the underlying borrowings within the unconsolidated investee entities ar<span class=\"_ _6\"></span>e either hedged through interest rate swap arrangements via an economic hedge, are fixed rate loans or the risk of adverse movement in inter<span class=\"_ _6\"></span>est rates is limited through protections provided by the r<span class=\"_ _6\"></span>egulatory regime. For<span class=\"_ gs66\"> </span>example, it is generally a requir<span class=\"_ _6\"></span>ement under a PFI/PPP concession that any borrowings are matched to the life of the concession. Hedging activities are aligned with the period of the loan, which also mirr<span class=\"_ _6\"></span>ors the concession period and are highly effective. Nevertheless, refinancing risk exists in a number of such investments. The Gr<span class=\"_ _6\"></span>oup\u2019<span class=\"_ _1\"></span>s CDF is unhedged on the basis that it is utilised as an investment bridging facility and therefor<span class=\"_ _6\"></span>e drawn for a relatively short period of time. Therefore, the Gr<span class=\"_ _6\"></span>oup is not significantly exposed to cash flow risk due to changes in interest rates over its variable rate borr<span class=\"_ _6\"></span>owings. Interest income on bank deposits held within underlying investments is included within the fair value of investments. For<span class=\"_ _4\"></span>eig<span class=\"_ _4\"></span>n cu<span class=\"_ _4\"></span>rr<span class=\"_ _4\"></span>enc<span class=\"_ _4\"></span>y ris<span class=\"_ _4\"></span>k<span class=\"_ _208\"> </span>The Group undertakes certain transactions denominated in for<span class=\"_ _6\"></span>eign currencies and therefore is exposed to exchange rate fluctuations. Currency risk arises in financial instruments that ar<span class=\"_ _6\"></span>e denominated in a foreign currency other than the functional currency in which they ar<span class=\"_ _6\"></span>e measured. The Gr<span class=\"_ _6\"></span>oup uses forward foreign exchange contracts to mitigate the risk of short-term volatility in foreign exchange on significant investment returns from overseas investments via an economic hedge. The Gr<span class=\"_ _6\"></span>oup does not hedge its exposure to foreign exchange in relation to for<span class=\"_ _6\"></span>eign currency denominated investment balances. The carrying amounts of the Group\u2019<span class=\"_ _3\"></span>s foreign currency denominated monetary financial instruments at the reporting date ar<span class=\"_ _6\"></span>e set out in the table below.<span class=\"_ _208\"> </span>Sensitivity analysis showing the impact of variations of the above risks on the fair value of investments is shown in note 11.5.<span class=\"_ _208\"> </span><table class=\"s w13f hb4\" id=\"_48adf76e-5a6a-4bf7-ac23-c3023978e208\"><tr><td></td><td class=\"t m1 x195 h2b y202d ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x196 h14 y202d ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023 </td></tr><tr><td></td><td class=\"t m1 x198 h2b y202e ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x199 h14 y202e ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"t m1 x19f h2 y202f ff1 fs0 fc0 sc0 ls0 ws0\">Cash<span class=\"_ _208\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x19b y2030 w180 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Euro<span class=\"_ _208\"> </span></div></td><td class=\"c n x312 y2030 w181 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls117 ws10f\">1<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>,11<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td><td class=\"c n x313 y2030 w182 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls2b ws2a\">6,<span class=\"_ _4\"></span>925<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2031 w183 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Canadian Dollar<span class=\"_ _208\"> </span></div></td><td class=\"c n x314 y2031 w184 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsac wsac\">326<span class=\"_ _208\"> </span></div></td><td class=\"c n x315 y2031 w185 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10c ws104\">79<span class=\"_ _4\"></span>6<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2032 w186 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Australian Dollar<span class=\"_ _208\"> </span></div></td><td class=\"c n x316 y2032 w187 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls112 ws10b\">1<span class=\"_ _6\"></span>,394<span class=\"_ _208\"> </span></div></td><td class=\"c n x317 y2032 w188 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls49 ws46\">3,4<span class=\"_ _4\"></span>48<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2033 w189 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">New Zealand Dollar<span class=\"_ _208\"> </span></div></td><td class=\"c n x318 y2033 w18a h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls112 ws10b\">2,263<span class=\"_ _208\"> </span></div></td><td class=\"c n x319 y2033 w18b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">5,3<span class=\"_ _4\"></span>62<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2034 w18c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">US Dollar<span class=\"_ _208\"> </span></div></td><td class=\"c n x31a y2034 w18d h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls117 ws10f\">3<span class=\"_ _5\"></span>,14<span class=\"_ _5\"></span>6<span class=\"_ _208\"> </span></div></td><td class=\"c n x31b y2034 w18e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls58 ws53\">4,0<span class=\"_ _4\"></span>60<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2035 w18f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Danish Krone<span class=\"_ _208\"> </span></div></td><td class=\"c n x31c y2035 w190 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa8 wsa9\">15<span class=\"_ _4\"></span>9<span class=\"_ _208\"> </span></div></td><td class=\"c n x31d y2035 w191 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls9b ws76\">362<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x31e y2036 w192 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls58 ws53\">19,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _208\"> </span></div></td><td class=\"c n x31f y2036 w193 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls25 ws24\">2<span class=\"_ _4\"></span>0,95<span class=\"_ _4\"></span>3<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x19f h2 y2037 ff1 fs0 fc0 sc0 ls0 ws0\">Current r<span class=\"_ _6\"></span>eceivables </td><td></td><td></td></tr><tr><td class=\"c n x19b y2038 w194 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Euro r<span class=\"_ _6\"></span>eceivables<span class=\"_ _208\"> </span></div></td><td class=\"c n x320 y2038 w195 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls102 wsf6\">2<span class=\"_ _4\"></span>,4<span class=\"_ _4\"></span>47<span class=\"_ _208\"> </span></div></td><td class=\"c n x321 y2038 w196 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa9 wsaa\">1,<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1fa5 w197 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Danish Krone r<span class=\"_ _6\"></span>eceivables<span class=\"_ _208\"> </span></div></td><td class=\"c n x322 y1fa5 w198 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls8b ws8a\">12<span class=\"_ _4\"></span>6<span class=\"_ _208\"> </span></div></td><td class=\"c n x323 y1fa5 w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2039 w199 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">US Dollar receivables<span class=\"_ _208\"> </span></div></td><td class=\"c n x324 y2039 w19a h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls118 ws110\">36<span class=\"_ _208\"> </span></div></td><td class=\"c n x241 y2039 w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x302 y203a w19b h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls134 ws132\">2,609<span class=\"_ _208\"> </span></div></td><td class=\"c n x325 y203a wb3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa9 wsaa\">1,<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x19f h2 y203b ff1 fs0 fc0 sc0 ls0 ws0\">Investments at fair value through pr<span class=\"_ _6\"></span>ofit or loss<span class=\"_ _208\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x19b y203c w180 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Euro<span class=\"_ _208\"> </span></div></td><td class=\"c n x326 y203c w19c h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls39 ws36\">33<span class=\"_ _4\"></span>9,4<span class=\"_ _4\"></span>88<span class=\"_ _208\"> </span></div></td><td class=\"c n x327 y203c w19d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa7 wsa8\">3<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>,76<span class=\"_ _4\"></span>2<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1fac w18f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Danish Krone<span class=\"_ _208\"> </span></div></td><td class=\"c n x328 y1fac w19e h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls117 ws10f\">8<span class=\"_ _5\"></span>,112<span class=\"_ _208\"> </span></div></td><td class=\"c n x329 y1fac w19f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls135 ws9a\">1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,938<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y203d w183 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Canadian Dollar<span class=\"_ _208\"> </span></div></td><td class=\"c n x32a y203d w1a0 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls136 ws133\">36<span class=\"_ _4\"></span>,697<span class=\"_ _208\"> </span></div></td><td class=\"c n x32b y203d w1a1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls25 ws24\">40,<span class=\"_ _4\"></span>355<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f26 w186 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Australian Dollar<span class=\"_ _208\"> </span></div></td><td class=\"c n x32c y1f26 w1a2 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls12d ws12b\">174<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>8<span class=\"_ _5\"></span>9<span class=\"_ _208\"> </span></div></td><td class=\"c n x32d y1f26 w1a3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls7a ws74\">18<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1fec w189 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">New Zealand Dollar<span class=\"_ _208\"> </span></div></td><td class=\"c n x32e y1fec w1a4 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa5 wsa6\">81,<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>4<span class=\"_ _208\"> </span></div></td><td class=\"c n x32f y1fec w1a5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lse3 ws5b\">9<span class=\"_ _4\"></span>6,940<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y203e w18c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">US Dollar<span class=\"_ _208\"> </span></div></td><td class=\"c n x330 y203e w1a6 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls39 ws36\">69,6<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td><td class=\"c n x331 y203e w1a7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>37<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x332 y1f54 w3a h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls6a ws66\">710<span class=\"_ _4\"></span>,75<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td><td class=\"c n x333 y1f54 w1a8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">7<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>0<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w1a9 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal<span class=\"_ _208\"> </span></div></td><td class=\"c n x334 y1f44 w1aa h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls103 ws79\">732<span class=\"_ _4\"></span>,773<span class=\"_ _208\"> </span></div></td><td class=\"c n x335 y1f44 w1ab h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls111 ws109\">7<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>1<span class=\"_ _208\"> </span></div></td></tr></table>Sensitivity analysis showing the impact of variations of the above market risks on the fair value of investments is shown in note 11.5.<span class=\"_ _208\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-210": {
   "value": "CR<span class=\"_ _4\"></span>EDI<span class=\"_ _4\"></span>T RIS<span class=\"_ _4\"></span>K Credit risk r<span class=\"_ _6\"></span>efers to the risk that a counterparty will default on its contractual obligations resulting in a financial loss to the Group. The Group has adopted a policy of dealing with creditworthy counterparties and r<span class=\"_ _6\"></span>eviewing this on a regular basis at the underlying entity level. The majority of<span class=\"_ _4\"></span> underlying investments are in public-private partnerships and similar concessions (which ar<span class=\"_ _6\"></span>e entered into with government, quasi gover<span class=\"_ _4\"></span>nment, other public, equivalent low risk bodies), or in regulated businesses that inher<span class=\"_ _6\"></span>ently exhibit low levels of credit risk. The maximum exposure of credit risk over financial assets as a r<span class=\"_ _6\"></span>esult of counterparty default is the carrying value of those financial assets in the balance sheet. In addition,<span class=\"_ _4\"></span> the underlying investee entities contract with third-party construction and facilities managements contractors. The Gr<span class=\"_ _6\"></span>oup seeks to mitigate this risk through using a diverse range of sub-contractors and thr<span class=\"_ _6\"></span>ough at least quarterly review of the credit position of major contractors.<span class=\"_ _208\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-211": {
   "value": "LIQ<span class=\"_ _4\"></span>UID<span class=\"_ _4\"></span>IT<span class=\"_ _4\"></span>Y RI<span class=\"_ _4\"></span>SK Liquidity risk is defined as the risk that the Group would encounter dif<span class=\"_ _6\"></span>ficulty in meeting obligations as and when they fall due associated with financial liabilities that are settled by delivering cash or another financial asset. The Gr<span class=\"_ _6\"></span>oup invests in relatively illiquid investments (mainly non-<span class=\"_ _208\"> </span>listed equity and loans). As a closed-ended investment vehicle there ar<span class=\"_ _6\"></span>e no automatic capital redemption rights. The Group manages liquidity risk by maintaining adequate cash reserves, banking facilities and r<span class=\"_ _6\"></span>eserve borrowing facilities and by continuously monitoring forecast and actual cash flows. Cash flow forecasts assume full availability of underlying infrastructur<span class=\"_ _6\"></span>e to the relevant public sector body or end-user<span class=\"_ _1\"></span>. Failure to maintain assets available for use or operating in accor<span class=\"_ _6\"></span>dance with pre-determined performance standards or licence conditions may lead to a reduction (wholly or partially) in the investment income that the Gr<span class=\"_ _6\"></span>oup has projected to receive. The Directors r<span class=\"_ _6\"></span>eview the underlying performance of each investment on a quarterly basis, allowing asset performance to be monitored. The terms of public-private partnership contractual mechanisms also allow for significant pass-down of unavailability and performance risk to sub-contractors. Regulated asset regimes allow for the pass thr<span class=\"_ _6\"></span>ough of efficiently incurred costs to the purchaser<span class=\"_ _3\"></span>. The Group\u2019<span class=\"_ _3\"></span>s financial liabilities comprise trade and other payables, payable within 12 months of the year end, derivative financial instruments.<span class=\"_ _208\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-212": {
   "value": "1<span class=\"_ _6\"></span>1.4 <span class=\"_ _119\"> </span>FAIR VALU<span class=\"_ _4\"></span>E HIE<span class=\"_ _4\"></span>R<span class=\"_ _4\"></span>ARCH<span class=\"_ _4\"></span>Y<span class=\"_ _208\"> </span>All financial instruments for which fair value is recognised or disclosed ar<span class=\"_ _6\"></span>e categorised within the fair value hierarchy<span class=\"_ _1\"></span>, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole:<span class=\"_ _208\"> </span>Level 1 \u2014  <span class=\"_ _24\"></span>Quoted market prices in an active market (that are unadjusted) for identical assets or liabilities;<span class=\"_ _208\"> </span>Level 2 \u2014  <span class=\"_ _24\"></span>V<span class=\"_ _6\"></span>aluation techniques (for which the lowest level input that is significant to the fair value measurement is directly or indir<span class=\"_ _6\"></span>ectly observable);<span class=\"_ _208\"> </span>Level 3 \u2014 V<span class=\"_ _6\"></span>aluation techniques (for which the lowest level input that is significant to the fair value measurement is unobservable).<span class=\"_ _208\"> </span>During the year<span class=\"_ _1\"></span>, there wer<span class=\"_ _2\"></span>e no transfers between Level 2 and Level 3 categories.<span class=\"_ _208\"> </span>Leve<span class=\"_ _4\"></span>l 1<span class=\"_ _6\"></span>:<span class=\"_ _208\"> </span>The Group has no financial instruments classified as Level 1.<span class=\"_ _208\"> </span>Leve<span class=\"_ _4\"></span>l 2:<span class=\"_ _208\"> </span>This category includes derivative financial instruments such as interest rate swaps, RPI swaps and curr<span class=\"_ _6\"></span>ency forward contracts.  As at 31 December 2024, the Group\u2019<span class=\"_ _3\"></span>s only derivative financial instruments were curr<span class=\"_ _2\"></span>ency forward contracts amounting to an asset  of \u00a33.2m (December 2023: asset of \u00a31.4m).<span class=\"_ _208\"> </span>Financial instruments classified as Level 2 have been valued using models whose inputs are observable in an active market (spot<span class=\"_ gs66\"> </span>exchange rates, yield curves, interest rate curves). V<span class=\"_ _1\"></span>aluations based on observable inputs include financial instruments such as swaps and forward contracts which are valued using market standar<span class=\"_ _6\"></span>d pricing techniques where all the inputs to the market standard pricing models are<span class=\"_ gs66\"> </span>observable. Leve<span class=\"_ _4\"></span>l 3:<span class=\"_ _208\"> </span>This category consists of investments in equity and loan instruments in underlying unconsolidated subsidiary entities and other non-<span class=\"_ _208\"> </span>controlled investments which ar<span class=\"_ _6\"></span>e classified at fair value through profit or loss. At 31 December 2024, the fair value of financial instruments classified within Level 3 totalled \u00a32,593.1m (December 2023: \u00a32,818.9m). Financial instruments are classified within Level 3 if their valuation incorporates significant inputs that ar<span class=\"_ _6\"></span>e not based on observable market data (unobservable inputs). A valuation input is considered observable if it can be dir<span class=\"_ _6\"></span>ectly observed from transactions in an active market,  or if there is compelling external evidence demonstrating an executable exit price. V<span class=\"_ _2\"></span>aluation process<span class=\"_ _208\"> </span>V<span class=\"_ _6\"></span>aluations are the responsibility of the Boar<span class=\"_ _6\"></span>d of Directors. The valuation of unlisted equity and debt investments is performed on a quarterly1<span class=\"_ _208\"> </span>basis by the Investment Adviser<span class=\"_ _1\"></span>. The valuation is reviewed by the senior members of the Investment Adviser and r<span class=\"_ _2\"></span>eviewed and approved by the Board. V<span class=\"_ _2\"></span>aluation methodology<span class=\"_ _208\"> </span>The valuation methodologies used are primarily based on discounting the underlying investee entities\u2019 futur<span class=\"_ _6\"></span>e projected net cash flows at appropriate discount rates. V<span class=\"_ _1\"></span>aluations are also reviewed against r<span class=\"_ _2\"></span>ecent market transactions for similar assets in comparable markets observed by the Group or Investment Adviser and adjusted wher<span class=\"_ _6\"></span>e appropriate.<span class=\"_ _208\"> </span>Cash flow forecasts for the full-term of each underlying investment ar<span class=\"_ _6\"></span>e generated by detailed investment specific financial models.  These models forecast the dividend, shar<span class=\"_ _6\"></span>eholder loan interest payments, capital repayments and senior debt repayments (wher<span class=\"_ _6\"></span>e applicable) expected from the underlying investments. The cash flows included in the for<span class=\"_ _6\"></span>ecasts used to determine fair value are typically fixed under contracts, however there ar<span class=\"_ _6\"></span>e certain variable cash flows which are based on management\u2019<span class=\"_ _1\"></span>s estimations (see also pages 30 to 31 of the strategic report). The significant unobservable inputs and assumptions used in pr<span class=\"_ _6\"></span>ojecting the Group\u2019<span class=\"_ _1\"></span>s net future cash flows ar<span class=\"_ _6\"></span>e shown below<span class=\"_ _2\"></span>.<span class=\"_ _208\"> </span><table class=\"s w1ac hb5\" id=\"_ba68d404-a240-4d98-a89b-80c3681c27cf\"><tr><td></td><td></td><td></td><td class=\"t m1 x336 h2b y203f ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td></td><td class=\"t m1 x196 h14 y203f ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t m1 x337 h2b y2040 ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td></td><td class=\"t m1 x199 h14 y2040 ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y2041 w1ad h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Inflation rates<span class=\"_ _208\"> </span></div></td><td class=\"c n x338 y2041 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x339 y2041 w1af h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">RPI: 3.25% until Dec 2025,<span class=\"_ _208\"> </span></div></td><td></td><td class=\"t m1 x33a h8 y2042 ff4 fs0 fc0 sc0 ls0 ws0\">RPI: 4.50% until Dec 2024,<span class=\"_ _208\"> </span></td></tr><tr><td></td><td></td><td class=\"c n x33b y2043 w1b0 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">3.00% until Dec<span class=\"_ _208\"> </span></div></td><td class=\"c n x33c y2043 w1b1 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">2026,<span class=\"_ _208\"> </span></div></td><td class=\"c n x33d y2044 w1b2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">3.00% until Dec<span class=\"_ _208\"> </span></div></td><td class=\"c n x33e y2044 w1b1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2025,<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x340 y2045 w1b3 h9f\" colspan=\"2\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">2.75% thereafter</div><div class=\"t m1 x33f h11 y1f88 ff1 fsc fc0 sc0 ls0 ws0\">1<span class=\"_ _208\"> </span></div></td><td class=\"c x342 y2046 w1b4 h9d\" colspan=\"2\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2.75 thereafter</div><div class=\"t m1 x341 h17 y1fa9 ff4 fsc fc0 sc0 ls0 ws0\">1<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t m1 x343 h2 y2047 ff1 fs0 fc0 sc0 ls0 ws0\" colspan=\"2\">CPIH: 2.25%<span class=\"_ _208\"> </span></td><td class=\"t m1 x344 h8 y2047 ff4 fs0 fc0 sc0 ls0 ws0\" colspan=\"2\">CPIH: 3.25% until Dec 2024,<span class=\"_ _208\"> </span></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c n x33d y2048 w1b2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2.25% until Dec<span class=\"_ _208\"> </span></div></td><td class=\"c n x33e y2048 w1b1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2025,<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m1 x345 h8 y2049 ff4 fs0 fc0 sc0 ls0 ws0\" colspan=\"2\">2.00% thereafter<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"c n x346 y204a w1b5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Australia<span class=\"_ _208\"> </span></div></td><td class=\"c n x347 y204a w1b6 h9b\" colspan=\"2\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">2.75% until Dec 2025<span class=\"_ _208\"> </span></div></td><td class=\"c n x33d y204a w1b2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">3.25% until Dec<span class=\"_ _208\"> </span></div></td><td class=\"c n x33e y204a w1b1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2024,<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t m1 x348 h2 y204b ff1 fs0 fc0 sc0 ls0 ws0\" colspan=\"2\">2.50% thereafter<span class=\"_ _208\"> </span></td><td class=\"c n x33d y204c w1b2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">3.00% until Dec<span class=\"_ _208\"> </span></div></td><td class=\"c n x33e y204c w1b1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2025,<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m1 x345 h8 y204d ff4 fs0 fc0 sc0 ls0 ws0\" colspan=\"2\">2.50% thereafter<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"c n x346 y204e w1b7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">New Zealand<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x349 y204e w1b8 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">2.25%<span class=\"_ _208\"> </span></div></td><td class=\"c n x34a y204e w1b2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2.75% until Dec<span class=\"_ _208\"> </span></div></td><td class=\"c n x34b y204e w1b1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2024,<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m1 x345 h8 y204f ff4 fs0 fc0 sc0 ls0 ws0\" colspan=\"2\">2.25% thereafter<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"c n x346 y2050 w1b9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Europe<span class=\"_ _208\"> </span></div></td><td class=\"c n x34c y2050 w1b0 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">2.25% until Dec<span class=\"_ _208\"> </span></div></td><td class=\"c n x34d y2050 w1b1 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">2026,<span class=\"_ _208\"> </span></div></td><td class=\"c n x33d y2050 w1b2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">3.00% until Dec<span class=\"_ _208\"> </span></div></td><td class=\"c n x33e y2050 w1b1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2024,<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t m1 x348 h2 y2051 ff1 fs0 fc0 sc0 ls0 ws0\" colspan=\"2\">2.00% thereafter<span class=\"_ _208\"> </span></td><td class=\"c n x33d y2052 w1b2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2.25% until Dec<span class=\"_ _208\"> </span></div></td><td class=\"c n x33e y2052 w1b1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2025,<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m1 x345 h8 y2053 ff4 fs0 fc0 sc0 ls0 ws0\" colspan=\"2\">2.00% thereafter<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"c n x346 y2054 w1ba h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Canada<span class=\"_ _208\"> </span></div></td><td class=\"c n x34e y2054 w1b0 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">2.25% until Dec<span class=\"_ _208\"> </span></div></td><td class=\"c n x34f y2054 w1b1 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">2026,<span class=\"_ _208\"> </span></div></td><td class=\"c n x33d y2054 w1b2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2.75% until Dec<span class=\"_ _208\"> </span></div></td><td class=\"c n x33e y2054 w1b1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2024,<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"t m1 x348 h2 y2055 ff1 fs0 fc0 sc0 ls0 ws0\">2.00% thereafter<span class=\"_ _208\"> </span></td><td class=\"c n x33d y2056 w1b2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2.25% until Dec<span class=\"_ _208\"> </span></div></td><td class=\"c n x33e y2056 w1b1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2025,<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m1 x345 h8 y2057 ff4 fs0 fc0 sc0 ls0 ws0\">2.00% thereafter<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"c x346 y2059 w1bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">US</div><div class=\"t m1 x350 h17 y2058 ff4 fsc fc0 sc0 ls0 ws0\">2<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x351 y205a w1bc h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">N/A<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x352 y205a w1bd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">N/A<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x19f h8 y205b ff4 fs0 fc0 sc0 ls0 ws0\">Long-term </td><td class=\"c n x346 y205c w1be h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x353 y205c w1bf h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">2<span class=\"_ _4\"></span>.5<span class=\"_ _4\"></span>0%<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x354 y205c w1c0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2.50%<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c x19b y205d w1c1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">deposit<span class=\"_ gs66\"> </span>rates</div><div class=\"t m1 x355 h17 y1f8f ff4 fsc fc0 sc0 ls0 ws0\">3<span class=\"_ _208\"> </span></div></td><td class=\"c n x346 y205e w1b5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Australia<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x356 y205e w1c2 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls102 wsf6\">2<span class=\"_ _4\"></span>.75%<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x357 y205e w1c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2.75%<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x346 y205f w1b7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">New Zealand<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x358 y205f w1c4 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">2<span class=\"_ _4\"></span>.5<span class=\"_ _4\"></span>0%<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x359 y205f w1c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2.50%<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x346 y2060 w1b9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Europe<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x35a y2060 w1c5 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa5 wsa6\">1.<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>0%<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x35b y2060 w1c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">1.50%<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x346 y2061 w1ba h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Canada<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x358 y2061 w1c4 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">2<span class=\"_ _4\"></span>.5<span class=\"_ _4\"></span>0%<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x359 y2061 w1c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2.50%<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c x346 y2062 w1bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">US</div><div class=\"t m1 x350 h17 y1f8f ff4 fsc fc0 sc0 ls0 ws0\">2<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x1b0 y2062 w1c6 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls74 ws134\">N<span class=\"_ _4\"></span>/A<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x35c y2062 w1bd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">N/A<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x19f h8 y2063 ff4 fs0 fc0 sc0 ls0 ws0\">Foreign </td><td class=\"c n x346 y2064 w1c7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">GBP/AUD<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x35d y2064 w1c8 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls67 ws63\">2<span class=\"_ _4\"></span>.02<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x35e y2064 w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">1.87<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x19f h8 y2065 ff4 fs0 fc0 sc0 ls0 ws0\">exchange<span class=\"_ gs66\"> </span>rates<span class=\"_ _208\"> </span></td><td class=\"c n x346 y2066 w1ca h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">GBP/NZD<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x35f y2066 w1cb h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls90 ws92\">2<span class=\"_ _4\"></span>.23<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x360 y2066 w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2.01<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x346 y2067 w1cc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">GBP/DKK<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x361 y2067 w1cd h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls17 ws18\">9.00<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x362 y2067 w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">8.60<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x346 y2068 w1ce h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">GBP/EUR<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x363 y2068 w1cf h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa5 wsa6\">1.<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>1<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x364 y2068 w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">1.15<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x346 y2069 w1d0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">GBP/CAD<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x365 y2069 w1d1 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa5 wsa6\">1.<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x366 y2069 w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">1.69<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x346 y206a w1c7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">GBP/USD<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x367 y206a w1cf h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa5 wsa6\">1.<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>5<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x368 y206a w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">1.27<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c x19b y206b w1d2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>ax rates</div><div class=\"t m1 x369 h17 y1f8f ff4 fsc fc0 sc0 ls0 ws0\">4<span class=\"_ _208\"> </span></div></td><td class=\"c n x346 y206b w1be h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x36a y206b w1d3 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">25<span class=\"_ _4\"></span>.0<span class=\"_ _4\"></span>0%<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x36b y206b w121 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">25.00%<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x346 y206c w1b5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Australia<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x36c y206c w1d4 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">3<span class=\"_ _4\"></span>0.0<span class=\"_ _4\"></span>0%<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x36d y206c w12e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">30.00%<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x346 y206d w1b7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">New Zealand<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x36e y206d w1d3 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">2<span class=\"_ _4\"></span>8.0<span class=\"_ _4\"></span>0%<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x36f y206d w121 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">28.00%<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x346 y206e w1b9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Europe<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x370 y206e w1d5 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">V<span class=\"_ _6\"></span>a<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ous (12<span class=\"_ _4\"></span>.5<span class=\"_ _4\"></span>0% \u2013 32<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>28%)<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x371 y206e w1d6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">V<span class=\"_ _2\"></span>arious (12.50% \u2013 32.28%)<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x346 y206f w1ba h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Canada<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x372 y206f w1d7 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">Var<span class=\"_ _4\"></span>iou<span class=\"_ _4\"></span>s (23<span class=\"_ _4\"></span>.0<span class=\"_ _4\"></span>0% \u2013 2<span class=\"_ _4\"></span>6.<span class=\"_ _4\"></span>50%)<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x373 y206f w1d8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">V<span class=\"_ _6\"></span>arious (23.00% \u2013 26.50%)<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c x346 y1f44 w1bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">US</div><div class=\"t m1 x350 h17 y1fa9 ff4 fsc fc0 sc0 ls0 ws0\">2<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x1b0 y1f44 w1c6 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls74 ws134\">N<span class=\"_ _4\"></span>/A<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x35c y1f44 w1bd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">N/A<span class=\"_ _208\"> </span></div></td></tr></table>1 <span class=\"_ _11\"> </span>Wh<span class=\"_ _4\"></span>ere i<span class=\"_ _4\"></span>nsuf<span class=\"_ _4\"></span>fic<span class=\"_ _4\"></span>ien<span class=\"_ _4\"></span>t prote<span class=\"_ _4\"></span>ctio<span class=\"_ _4\"></span>ns ex<span class=\"_ _4\"></span>ist wi<span class=\"_ _4\"></span>thi<span class=\"_ _4\"></span>n proj<span class=\"_ _4\"></span>ect a<span class=\"_ _4\"></span>gree<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nts or th<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>gh reg<span class=\"_ _4\"></span>ula<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>y pre<span class=\"_ _4\"></span>ced<span class=\"_ _4\"></span>ent, RP<span class=\"_ _4\"></span>I is as<span class=\"_ _4\"></span>sum<span class=\"_ _4\"></span>ed to ali<span class=\"_ _4\"></span>gn wi<span class=\"_ _4\"></span>th CPI<span class=\"_ _4\"></span>H post-20<span class=\"_ _4\"></span>30.<span class=\"_ _208\"> </span>2 <span class=\"_ _11\"> </span>Th<span class=\"_ _4\"></span>e Com<span class=\"_ _4\"></span>pany<span class=\"_ _4\"></span>\u2019<span class=\"_ _6\"></span>s U<span class=\"_ _4\"></span>S inve<span class=\"_ _4\"></span>stme<span class=\"_ _4\"></span>nt is i<span class=\"_ _4\"></span>n the fo<span class=\"_ _4\"></span>rm of su<span class=\"_ _4\"></span>bord<span class=\"_ _4\"></span>ina<span class=\"_ _4\"></span>ted de<span class=\"_ _4\"></span>bt and t<span class=\"_ _4\"></span>her<span class=\"_ _4\"></span>efore n<span class=\"_ _4\"></span>ot dir<span class=\"_ _4\"></span>ect<span class=\"_ _4\"></span>ly im<span class=\"_ _4\"></span>pacte<span class=\"_ _4\"></span>d by infl<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n, dep<span class=\"_ _4\"></span>osi<span class=\"_ _4\"></span>t and t<span class=\"_ _4\"></span>ax r<span class=\"_ _4\"></span>ate as<span class=\"_ _4\"></span>sump<span class=\"_ _4\"></span>tion<span class=\"_ _4\"></span>s. 3 <span class=\"_ _11\"> </span>Th<span class=\"_ _4\"></span>e por<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>foli<span class=\"_ _4\"></span>o valu<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n ass<span class=\"_ _4\"></span>ume<span class=\"_ _4\"></span>s act<span class=\"_ _4\"></span>ual cu<span class=\"_ _4\"></span>rre<span class=\"_ _4\"></span>nt de<span class=\"_ _4\"></span>pos<span class=\"_ _4\"></span>it rate<span class=\"_ _4\"></span>s are m<span class=\"_ _4\"></span>ain<span class=\"_ _4\"></span>tain<span class=\"_ _4\"></span>ed un<span class=\"_ _4\"></span>til 31 De<span class=\"_ _4\"></span>cem<span class=\"_ _4\"></span>ber 20<span class=\"_ _4\"></span>26 befo<span class=\"_ _4\"></span>re adj<span class=\"_ _4\"></span>ust<span class=\"_ _4\"></span>ing to th<span class=\"_ _4\"></span>e lon<span class=\"_ _4\"></span>g-ter<span class=\"_ _4\"></span>m rates n<span class=\"_ _4\"></span>oted i<span class=\"_ _4\"></span>n the ta<span class=\"_ _4\"></span>ble a<span class=\"_ _4\"></span>bove f<span class=\"_ _4\"></span>rom 1 Ja<span class=\"_ _4\"></span>nua<span class=\"_ _4\"></span>ry 2<span class=\"_ _4\"></span>027<span class=\"_ _1\"></span>. Th<span class=\"_ _4\"></span>e 31 Dece<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>er 2023 va<span class=\"_ _4\"></span>lua<span class=\"_ _4\"></span>tion a<span class=\"_ _4\"></span>dju<span class=\"_ _4\"></span>sted to th<span class=\"_ _4\"></span>e lon<span class=\"_ _4\"></span>ger-ter<span class=\"_ _4\"></span>m ass<span class=\"_ _4\"></span>umpt<span class=\"_ _4\"></span>ion f<span class=\"_ _4\"></span>rom 1 Ja<span class=\"_ _4\"></span>nua<span class=\"_ _4\"></span>ry 20<span class=\"_ _4\"></span>26.<span class=\"_ _208\"> </span>4 <span class=\"_ _11\"> </span>T<span class=\"_ _6\"></span>a<span class=\"_ _4\"></span>x ra<span class=\"_ _4\"></span>tes refl<span class=\"_ _4\"></span>ect t<span class=\"_ _4\"></span>hos<span class=\"_ _4\"></span>e subs<span class=\"_ _4\"></span>tan<span class=\"_ _4\"></span>tive<span class=\"_ _4\"></span>ly en<span class=\"_ _4\"></span>acte<span class=\"_ _4\"></span>d as at th<span class=\"_ _4\"></span>e valu<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n date o<span class=\"_ _4\"></span>r thos<span class=\"_ _4\"></span>e that c<span class=\"_ _4\"></span>oul<span class=\"_ _4\"></span>d rea<span class=\"_ _4\"></span>son<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>y be exp<span class=\"_ _4\"></span>ecte<span class=\"_ _4\"></span>d to be su<span class=\"_ _4\"></span>bst<span class=\"_ _4\"></span>anti<span class=\"_ _4\"></span>vely e<span class=\"_ _4\"></span>nac<span class=\"_ _4\"></span>ted sh<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>tly a<span class=\"_ _4\"></span>fte<span class=\"_ _4\"></span>r the va<span class=\"_ _4\"></span>luat<span class=\"_ _4\"></span>ion d<span class=\"_ _4\"></span>ate.<span class=\"_ _208\"> </span>Discount rates<span class=\"_ _208\"> </span>Discount rates as a whole are consider<span class=\"_ _6\"></span>ed to be an unobservable input for the purposes of IFRS13. The discount rate used in the valuation of each investment has been determined with refer<span class=\"_ _6\"></span>ence to: <span class=\"_ _19\"></span>\u2013<span class=\"_ _13\"> </span>Yield on a gover<span class=\"_ _4\"></span>nment bond with a r<span class=\"_ _2\"></span>emaining term equivalent to (or as close as possible to) the investment being valued, issued by the national government for the location of the relevant investment (\u2018government bond yield\u2019); <span class=\"_ _19\"></span>\u2013<span class=\"_ _13\"> </span>Investment risk premium, compromising: <span class=\"_ _19\"></span><span class=\"ff2\">\u2013<span class=\"_ _2b\"> </span><span class=\"ff4\">A premium to r<span class=\"_ _2\"></span>eflect the inherent gr<span class=\"_ _6\"></span>eater risk in investing in infrastructure assets over government bonds;</span></span> <span class=\"_ _19\"></span><span class=\"ff2\">\u2013<span class=\"_ _2b\"> </span><span class=\"ff4\">A further premium to r<span class=\"_ _2\"></span>eflect the state of maturity of the asset with a larger premium applied to immatur<span class=\"_ _6\"></span>e assets and/or assets in </span></span>construction and/or to reflect any curr<span class=\"_ _6\"></span>ent asset specific or operational issues. T<span class=\"_ _1\"></span>ypically<span class=\"_ _1\"></span>, this risk premium will reduce over the life of any asset as an asset matures, its operating performance becomes mor<span class=\"_ _6\"></span>e established, and the risks associated with its future cash flows decrease. However<span class=\"_ _3\"></span>, the rate may increase in relation to investments with unknown r<span class=\"_ _2\"></span>esidual values at the end of the relevant concession life as that date nears; <span class=\"_ _19\"></span><span class=\"ff2\">\u2013<span class=\"_ _2b\"> </span><span class=\"ff4\">A further adjustment reflective of market-based transaction valuation evidence for similar assets. Such adjustment is consider<span class=\"_ _2\"></span>ed to </span></span>implicitly include the market\u2019<span class=\"_ _3\"></span>s assessment of the risk posed by climate factors to that particular investment.<span class=\"_ _208\"> </span>Over the year<span class=\"_ _1\"></span>, the weighted average government bond yield increased. The weighted average investment premium incr<span class=\"_ _2\"></span>eased reflecting observable market-based evidence.<span class=\"_ _208\"> </span><table class=\"s w1d9 hb6\" id=\"_ba7f7638-8d67-4f47-8a6b-f5a754b84665\"><tr><td class=\"c n x19b y2070 w1da h9c\"><div class=\"t m1 x19a h14 y2022 ff4 fsd fc0 sc0 ls0 ws0\">V<span class=\"_ _6\"></span>aluation assumptions<span class=\"_ _208\"> </span></div></td><td class=\"c n x374 y2070 w1db hb1\"><div class=\"t m1 x19a h14 y2022 ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></div></td><td class=\"c n x375 y2070 w1dc h9c\"><div class=\"t m1 x19a h14 y2022 ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></div></td><td class=\"c n x376 y2070 w1dd h9c\"><div class=\"t m1 x19a h14 y2022 ff4 fsd fc0 sc0 ls0 ws0\">Movement<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f3f w1de h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Weighted A<span class=\"_ _6\"></span>verage Gover<span class=\"_ _4\"></span>nment Bond Yield<span class=\"_ _208\"> </span></div></td><td class=\"c n x377 y1f3f w1df h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsee wse7\">4<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>4%<span class=\"_ _208\"> </span></div></td><td class=\"c n x378 y1f3f w1e0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls2b ws2a\">4.3%<span class=\"_ _208\"> </span></div></td><td class=\"c n x379 y1f3f w1e1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa4 wsa5\">0<span class=\"_ _5\"></span>.1%<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f43 w1e2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Weighted A<span class=\"_ _6\"></span>verage Investment Risk Premium<span class=\"_ _208\"> </span></div></td><td class=\"c n x37a y1f43 w1e3 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsb1 ws5c\">4.<span class=\"_ _4\"></span>6%<span class=\"_ _208\"> </span></div></td><td class=\"c n x37b y1f43 w1e4 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa4 wsa5\">4<span class=\"_ _4\"></span>.1%<span class=\"_ _208\"> </span></div></td><td class=\"c n x37c y1f43 w1e5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls131 ws12f\">0<span class=\"_ _4\"></span>.5%<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w1e6 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">W<span class=\"_ _6\"></span>eighted Average Discount Rate<span class=\"_ _208\"> </span></div></td><td class=\"c n x37d y1f44 w1e7 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">9.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x37e y1f44 w1e8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls12d ws12b\">8<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>4%<span class=\"_ _208\"> </span></div></td><td class=\"c n x37f y1f44 w1e9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">0.6%<span class=\"_ _208\"> </span></div></td></tr></table><table class=\"s w12f hb7\" id=\"_96bdb30a-5b64-4d56-aa22-4e7bcc14e1d7\"><tr><td></td><td class=\"t m1 x21e h2b y2071 ff1 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended </td><td class=\"t m1 x21f h14 y2072 ff4 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended </td></tr><tr><td></td><td class=\"t m1 x220 h2b y2073 ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x221 h14 y2074 ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td class=\"t m1 x1d4 h14 y2075 ff4 fsd fc0 sc0 ls0 ws0\">Reconciliation of Level 3 fair value measurements of financial assets<span class=\"_ _208\"> </span></td><td class=\"t m1 x1ce h2b y2076 ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x1cf h14 y2077 ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y206a w1ea h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">Balance at 1 January<span class=\"_ _208\"> </span></div></td><td class=\"c n x380 y206a w1eb h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls137 ws135\">2,81<span class=\"_ _6\"></span>8,903<span class=\"_ _208\"> </span></div></td><td class=\"c n x381 y206a w1ec h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lse3 ws5b\">2<span class=\"_ _2\"></span>,947<span class=\"_ _3\"></span>,959<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2078 w1ed h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Additional investments during the year<span class=\"_ _208\"> </span></div></td><td class=\"c n x382 y2078 w1ee h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa3 wsa4\">1<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>7<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>7<span class=\"_ _208\"> </span></div></td><td class=\"c n x383 y2078 w1ef h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls1b ws1b\">1<span class=\"_ _6\"></span>08,<span class=\"_ _6\"></span>088<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f3a w1f0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Net repayments during the year<span class=\"_ _208\"> </span></div></td><td class=\"c n x384 y1f3a w3e h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls49 ws46\">(18<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>6)<span class=\"_ _208\"> </span></div></td><td class=\"c n x385 y1f3a w1f1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls17 ws18\">(<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>34,<span class=\"_ _2\"></span>365)<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f27 wb7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Capitalisation of interest<span class=\"_ _208\"> </span></div></td><td class=\"c n x386 y1f27 w1f2 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls6 ws7\">13<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>47<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td><td class=\"c n x387 y1f27 w58 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls8b ws8a\">20<span class=\"_ _4\"></span>,3<span class=\"_ _4\"></span>01<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f3f wc5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Working capital advanced<span class=\"_ _208\"> </span></div></td><td class=\"c n x388 y1f3f w190 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa8 wsa9\">15<span class=\"_ _4\"></span>6<span class=\"_ _208\"> </span></div></td><td class=\"c n x389 y1f3f w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f43 w13a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Net change in investments at fair value through pr<span class=\"_ _6\"></span>ofit or loss<span class=\"_ _208\"> </span></div></td><td class=\"c n x2da y1f43 w13b h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls49 ws46\">(16<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>,8<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td><td class=\"c n x2db y1f43 w13c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls1b ws1b\">(<span class=\"_ _1\"></span>1<span class=\"_ _6\"></span>23<span class=\"_ _6\"></span>,080)<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w1f3 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">Balance at 31 December<span class=\"_ _208\"> </span></div></td><td class=\"c n x38a y1f44 w83 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls113 wsf7\">2<span class=\"_ _4\"></span>,593<span class=\"_ _4\"></span>,056<span class=\"_ _208\"> </span></div></td><td class=\"c n x38b y1f44 w84 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls7a ws74\">2,<span class=\"_ _4\"></span>818<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>3<span class=\"_ _208\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-198": {
   "value": "1<span class=\"_ _6\"></span>1.4 <span class=\"_ _119\"> </span>FAIR VALU<span class=\"_ _4\"></span>E HIE<span class=\"_ _4\"></span>R<span class=\"_ _4\"></span>ARCH<span class=\"_ _4\"></span>Y<span class=\"_ _208\"> </span>All financial instruments for which fair value is recognised or disclosed ar<span class=\"_ _6\"></span>e categorised within the fair value hierarchy<span class=\"_ _1\"></span>, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole:<span class=\"_ _208\"> </span>Level 1 \u2014  <span class=\"_ _24\"></span>Quoted market prices in an active market (that are unadjusted) for identical assets or liabilities;<span class=\"_ _208\"> </span>Level 2 \u2014  <span class=\"_ _24\"></span>V<span class=\"_ _6\"></span>aluation techniques (for which the lowest level input that is significant to the fair value measurement is directly or indir<span class=\"_ _6\"></span>ectly observable);<span class=\"_ _208\"> </span>Level 3 \u2014 V<span class=\"_ _6\"></span>aluation techniques (for which the lowest level input that is significant to the fair value measurement is unobservable).<span class=\"_ _208\"> </span>During the year<span class=\"_ _1\"></span>, there wer<span class=\"_ _2\"></span>e no transfers between Level 2 and Level 3 categories.<span class=\"_ _208\"> </span>Leve<span class=\"_ _4\"></span>l 1<span class=\"_ _6\"></span>:<span class=\"_ _208\"> </span>The Group has no financial instruments classified as Level 1.<span class=\"_ _208\"> </span>Leve<span class=\"_ _4\"></span>l 2:<span class=\"_ _208\"> </span>This category includes derivative financial instruments such as interest rate swaps, RPI swaps and curr<span class=\"_ _6\"></span>ency forward contracts.  As at 31 December 2024, the Group\u2019<span class=\"_ _3\"></span>s only derivative financial instruments were curr<span class=\"_ _2\"></span>ency forward contracts amounting to an asset  of \u00a33.2m (December 2023: asset of \u00a31.4m).<span class=\"_ _208\"> </span>Financial instruments classified as Level 2 have been valued using models whose inputs are observable in an active market (spot<span class=\"_ gs66\"> </span>exchange rates, yield curves, interest rate curves). V<span class=\"_ _1\"></span>aluations based on observable inputs include financial instruments such as swaps and forward contracts which are valued using market standar<span class=\"_ _6\"></span>d pricing techniques where all the inputs to the market standard pricing models are<span class=\"_ gs66\"> </span>observable. Leve<span class=\"_ _4\"></span>l 3:<span class=\"_ _208\"> </span>This category consists of investments in equity and loan instruments in underlying unconsolidated subsidiary entities and other non-<span class=\"_ _208\"> </span>controlled investments which ar<span class=\"_ _6\"></span>e classified at fair value through profit or loss. At 31 December 2024, the fair value of financial instruments classified within Level 3 totalled \u00a32,593.1m (December 2023: \u00a32,818.9m). Financial instruments are classified within Level 3 if their valuation incorporates significant inputs that ar<span class=\"_ _6\"></span>e not based on observable market data (unobservable inputs). A valuation input is considered observable if it can be dir<span class=\"_ _6\"></span>ectly observed from transactions in an active market,  or if there is compelling external evidence demonstrating an executable exit price. V<span class=\"_ _2\"></span>aluation process<span class=\"_ _208\"> </span>V<span class=\"_ _6\"></span>aluations are the responsibility of the Boar<span class=\"_ _6\"></span>d of Directors. The valuation of unlisted equity and debt investments is performed on a quarterly1<span class=\"_ _208\"> </span>basis by the Investment Adviser<span class=\"_ _1\"></span>. The valuation is reviewed by the senior members of the Investment Adviser and r<span class=\"_ _2\"></span>eviewed and approved by the Board. V<span class=\"_ _2\"></span>aluation methodology<span class=\"_ _208\"> </span>The valuation methodologies used are primarily based on discounting the underlying investee entities\u2019 futur<span class=\"_ _6\"></span>e projected net cash flows at appropriate discount rates. V<span class=\"_ _1\"></span>aluations are also reviewed against r<span class=\"_ _2\"></span>ecent market transactions for similar assets in comparable markets observed by the Group or Investment Adviser and adjusted wher<span class=\"_ _6\"></span>e appropriate.<span class=\"_ _208\"> </span>Cash flow forecasts for the full-term of each underlying investment ar<span class=\"_ _6\"></span>e generated by detailed investment specific financial models.  These models forecast the dividend, shar<span class=\"_ _6\"></span>eholder loan interest payments, capital repayments and senior debt repayments (wher<span class=\"_ _6\"></span>e applicable) expected from the underlying investments. The cash flows included in the for<span class=\"_ _6\"></span>ecasts used to determine fair value are typically fixed under contracts, however there ar<span class=\"_ _6\"></span>e certain variable cash flows which are based on management\u2019<span class=\"_ _1\"></span>s estimations (see also pages 30 to 31 of the strategic report). The significant unobservable inputs and assumptions used in pr<span class=\"_ _6\"></span>ojecting the Group\u2019<span class=\"_ _1\"></span>s net future cash flows ar<span class=\"_ _6\"></span>e shown below<span class=\"_ _2\"></span>.<span class=\"_ _208\"> </span><table class=\"s w1ac hb5\" id=\"_ba68d404-a240-4d98-a89b-80c3681c27cf\"><tr><td></td><td></td><td></td><td class=\"t m1 x336 h2b y203f ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td></td><td class=\"t m1 x196 h14 y203f ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t m1 x337 h2b y2040 ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td></td><td class=\"t m1 x199 h14 y2040 ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y2041 w1ad h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Inflation rates<span class=\"_ _208\"> </span></div></td><td class=\"c n x338 y2041 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x339 y2041 w1af h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">RPI: 3.25% until Dec 2025,<span class=\"_ _208\"> </span></div></td><td></td><td class=\"t m1 x33a h8 y2042 ff4 fs0 fc0 sc0 ls0 ws0\">RPI: 4.50% until Dec 2024,<span class=\"_ _208\"> </span></td></tr><tr><td></td><td></td><td class=\"c n x33b y2043 w1b0 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">3.00% until Dec<span class=\"_ _208\"> </span></div></td><td class=\"c n x33c y2043 w1b1 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">2026,<span class=\"_ _208\"> </span></div></td><td class=\"c n x33d y2044 w1b2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">3.00% until Dec<span class=\"_ _208\"> </span></div></td><td class=\"c n x33e y2044 w1b1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2025,<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x340 y2045 w1b3 h9f\" colspan=\"2\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">2.75% thereafter</div><div class=\"t m1 x33f h11 y1f88 ff1 fsc fc0 sc0 ls0 ws0\">1<span class=\"_ _208\"> </span></div></td><td class=\"c x342 y2046 w1b4 h9d\" colspan=\"2\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2.75 thereafter</div><div class=\"t m1 x341 h17 y1fa9 ff4 fsc fc0 sc0 ls0 ws0\">1<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t m1 x343 h2 y2047 ff1 fs0 fc0 sc0 ls0 ws0\" colspan=\"2\">CPIH: 2.25%<span class=\"_ _208\"> </span></td><td class=\"t m1 x344 h8 y2047 ff4 fs0 fc0 sc0 ls0 ws0\" colspan=\"2\">CPIH: 3.25% until Dec 2024,<span class=\"_ _208\"> </span></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c n x33d y2048 w1b2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2.25% until Dec<span class=\"_ _208\"> </span></div></td><td class=\"c n x33e y2048 w1b1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2025,<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m1 x345 h8 y2049 ff4 fs0 fc0 sc0 ls0 ws0\" colspan=\"2\">2.00% thereafter<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"c n x346 y204a w1b5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Australia<span class=\"_ _208\"> </span></div></td><td class=\"c n x347 y204a w1b6 h9b\" colspan=\"2\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">2.75% until Dec 2025<span class=\"_ _208\"> </span></div></td><td class=\"c n x33d y204a w1b2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">3.25% until Dec<span class=\"_ _208\"> </span></div></td><td class=\"c n x33e y204a w1b1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2024,<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t m1 x348 h2 y204b ff1 fs0 fc0 sc0 ls0 ws0\" colspan=\"2\">2.50% thereafter<span class=\"_ _208\"> </span></td><td class=\"c n x33d y204c w1b2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">3.00% until Dec<span class=\"_ _208\"> </span></div></td><td class=\"c n x33e y204c w1b1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2025,<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m1 x345 h8 y204d ff4 fs0 fc0 sc0 ls0 ws0\" colspan=\"2\">2.50% thereafter<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"c n x346 y204e w1b7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">New Zealand<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x349 y204e w1b8 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">2.25%<span class=\"_ _208\"> </span></div></td><td class=\"c n x34a y204e w1b2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2.75% until Dec<span class=\"_ _208\"> </span></div></td><td class=\"c n x34b y204e w1b1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2024,<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m1 x345 h8 y204f ff4 fs0 fc0 sc0 ls0 ws0\" colspan=\"2\">2.25% thereafter<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"c n x346 y2050 w1b9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Europe<span class=\"_ _208\"> </span></div></td><td class=\"c n x34c y2050 w1b0 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">2.25% until Dec<span class=\"_ _208\"> </span></div></td><td class=\"c n x34d y2050 w1b1 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">2026,<span class=\"_ _208\"> </span></div></td><td class=\"c n x33d y2050 w1b2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">3.00% until Dec<span class=\"_ _208\"> </span></div></td><td class=\"c n x33e y2050 w1b1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2024,<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t m1 x348 h2 y2051 ff1 fs0 fc0 sc0 ls0 ws0\" colspan=\"2\">2.00% thereafter<span class=\"_ _208\"> </span></td><td class=\"c n x33d y2052 w1b2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2.25% until Dec<span class=\"_ _208\"> </span></div></td><td class=\"c n x33e y2052 w1b1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2025,<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m1 x345 h8 y2053 ff4 fs0 fc0 sc0 ls0 ws0\" colspan=\"2\">2.00% thereafter<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"c n x346 y2054 w1ba h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Canada<span class=\"_ _208\"> </span></div></td><td class=\"c n x34e y2054 w1b0 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">2.25% until Dec<span class=\"_ _208\"> </span></div></td><td class=\"c n x34f y2054 w1b1 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">2026,<span class=\"_ _208\"> </span></div></td><td class=\"c n x33d y2054 w1b2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2.75% until Dec<span class=\"_ _208\"> </span></div></td><td class=\"c n x33e y2054 w1b1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2024,<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"t m1 x348 h2 y2055 ff1 fs0 fc0 sc0 ls0 ws0\">2.00% thereafter<span class=\"_ _208\"> </span></td><td class=\"c n x33d y2056 w1b2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2.25% until Dec<span class=\"_ _208\"> </span></div></td><td class=\"c n x33e y2056 w1b1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2025,<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m1 x345 h8 y2057 ff4 fs0 fc0 sc0 ls0 ws0\">2.00% thereafter<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"c x346 y2059 w1bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">US</div><div class=\"t m1 x350 h17 y2058 ff4 fsc fc0 sc0 ls0 ws0\">2<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x351 y205a w1bc h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">N/A<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x352 y205a w1bd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">N/A<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x19f h8 y205b ff4 fs0 fc0 sc0 ls0 ws0\">Long-term </td><td class=\"c n x346 y205c w1be h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x353 y205c w1bf h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">2<span class=\"_ _4\"></span>.5<span class=\"_ _4\"></span>0%<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x354 y205c w1c0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2.50%<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c x19b y205d w1c1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">deposit<span class=\"_ gs66\"> </span>rates</div><div class=\"t m1 x355 h17 y1f8f ff4 fsc fc0 sc0 ls0 ws0\">3<span class=\"_ _208\"> </span></div></td><td class=\"c n x346 y205e w1b5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Australia<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x356 y205e w1c2 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls102 wsf6\">2<span class=\"_ _4\"></span>.75%<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x357 y205e w1c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2.75%<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x346 y205f w1b7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">New Zealand<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x358 y205f w1c4 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">2<span class=\"_ _4\"></span>.5<span class=\"_ _4\"></span>0%<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x359 y205f w1c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2.50%<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x346 y2060 w1b9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Europe<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x35a y2060 w1c5 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa5 wsa6\">1.<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>0%<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x35b y2060 w1c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">1.50%<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x346 y2061 w1ba h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Canada<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x358 y2061 w1c4 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">2<span class=\"_ _4\"></span>.5<span class=\"_ _4\"></span>0%<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x359 y2061 w1c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2.50%<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c x346 y2062 w1bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">US</div><div class=\"t m1 x350 h17 y1f8f ff4 fsc fc0 sc0 ls0 ws0\">2<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x1b0 y2062 w1c6 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls74 ws134\">N<span class=\"_ _4\"></span>/A<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x35c y2062 w1bd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">N/A<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x19f h8 y2063 ff4 fs0 fc0 sc0 ls0 ws0\">Foreign </td><td class=\"c n x346 y2064 w1c7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">GBP/AUD<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x35d y2064 w1c8 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls67 ws63\">2<span class=\"_ _4\"></span>.02<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x35e y2064 w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">1.87<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x19f h8 y2065 ff4 fs0 fc0 sc0 ls0 ws0\">exchange<span class=\"_ gs66\"> </span>rates<span class=\"_ _208\"> </span></td><td class=\"c n x346 y2066 w1ca h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">GBP/NZD<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x35f y2066 w1cb h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls90 ws92\">2<span class=\"_ _4\"></span>.23<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x360 y2066 w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">2.01<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x346 y2067 w1cc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">GBP/DKK<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x361 y2067 w1cd h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls17 ws18\">9.00<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x362 y2067 w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">8.60<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x346 y2068 w1ce h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">GBP/EUR<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x363 y2068 w1cf h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa5 wsa6\">1.<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>1<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x364 y2068 w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">1.15<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x346 y2069 w1d0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">GBP/CAD<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x365 y2069 w1d1 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa5 wsa6\">1.<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x366 y2069 w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">1.69<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x346 y206a w1c7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">GBP/USD<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x367 y206a w1cf h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa5 wsa6\">1.<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>5<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x368 y206a w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">1.27<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c x19b y206b w1d2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>ax rates</div><div class=\"t m1 x369 h17 y1f8f ff4 fsc fc0 sc0 ls0 ws0\">4<span class=\"_ _208\"> </span></div></td><td class=\"c n x346 y206b w1be h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x36a y206b w1d3 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">25<span class=\"_ _4\"></span>.0<span class=\"_ _4\"></span>0%<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x36b y206b w121 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">25.00%<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x346 y206c w1b5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Australia<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x36c y206c w1d4 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">3<span class=\"_ _4\"></span>0.0<span class=\"_ _4\"></span>0%<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x36d y206c w12e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">30.00%<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x346 y206d w1b7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">New Zealand<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x36e y206d w1d3 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">2<span class=\"_ _4\"></span>8.0<span class=\"_ _4\"></span>0%<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x36f y206d w121 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">28.00%<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x346 y206e w1b9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Europe<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x370 y206e w1d5 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">V<span class=\"_ _6\"></span>a<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>ous (12<span class=\"_ _4\"></span>.5<span class=\"_ _4\"></span>0% \u2013 32<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>28%)<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x371 y206e w1d6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">V<span class=\"_ _2\"></span>arious (12.50% \u2013 32.28%)<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c n x346 y206f w1ba h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Canada<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x372 y206f w1d7 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">Var<span class=\"_ _4\"></span>iou<span class=\"_ _4\"></span>s (23<span class=\"_ _4\"></span>.0<span class=\"_ _4\"></span>0% \u2013 2<span class=\"_ _4\"></span>6.<span class=\"_ _4\"></span>50%)<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x373 y206f w1d8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">V<span class=\"_ _6\"></span>arious (23.00% \u2013 26.50%)<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"c x346 y1f44 w1bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">US</div><div class=\"t m1 x350 h17 y1fa9 ff4 fsc fc0 sc0 ls0 ws0\">2<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x1b0 y1f44 w1c6 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls74 ws134\">N<span class=\"_ _4\"></span>/A<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x35c y1f44 w1bd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">N/A<span class=\"_ _208\"> </span></div></td></tr></table>1 <span class=\"_ _11\"> </span>Wh<span class=\"_ _4\"></span>ere i<span class=\"_ _4\"></span>nsuf<span class=\"_ _4\"></span>fic<span class=\"_ _4\"></span>ien<span class=\"_ _4\"></span>t prote<span class=\"_ _4\"></span>ctio<span class=\"_ _4\"></span>ns ex<span class=\"_ _4\"></span>ist wi<span class=\"_ _4\"></span>thi<span class=\"_ _4\"></span>n proj<span class=\"_ _4\"></span>ect a<span class=\"_ _4\"></span>gree<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nts or th<span class=\"_ _4\"></span>rou<span class=\"_ _4\"></span>gh reg<span class=\"_ _4\"></span>ula<span class=\"_ _4\"></span>tor<span class=\"_ _4\"></span>y pre<span class=\"_ _4\"></span>ced<span class=\"_ _4\"></span>ent, RP<span class=\"_ _4\"></span>I is as<span class=\"_ _4\"></span>sum<span class=\"_ _4\"></span>ed to ali<span class=\"_ _4\"></span>gn wi<span class=\"_ _4\"></span>th CPI<span class=\"_ _4\"></span>H post-20<span class=\"_ _4\"></span>30.<span class=\"_ _208\"> </span>2 <span class=\"_ _11\"> </span>Th<span class=\"_ _4\"></span>e Com<span class=\"_ _4\"></span>pany<span class=\"_ _4\"></span>\u2019<span class=\"_ _6\"></span>s U<span class=\"_ _4\"></span>S inve<span class=\"_ _4\"></span>stme<span class=\"_ _4\"></span>nt is i<span class=\"_ _4\"></span>n the fo<span class=\"_ _4\"></span>rm of su<span class=\"_ _4\"></span>bord<span class=\"_ _4\"></span>ina<span class=\"_ _4\"></span>ted de<span class=\"_ _4\"></span>bt and t<span class=\"_ _4\"></span>her<span class=\"_ _4\"></span>efore n<span class=\"_ _4\"></span>ot dir<span class=\"_ _4\"></span>ect<span class=\"_ _4\"></span>ly im<span class=\"_ _4\"></span>pacte<span class=\"_ _4\"></span>d by infl<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n, dep<span class=\"_ _4\"></span>osi<span class=\"_ _4\"></span>t and t<span class=\"_ _4\"></span>ax r<span class=\"_ _4\"></span>ate as<span class=\"_ _4\"></span>sump<span class=\"_ _4\"></span>tion<span class=\"_ _4\"></span>s. 3 <span class=\"_ _11\"> </span>Th<span class=\"_ _4\"></span>e por<span class=\"_ _4\"></span>t<span class=\"_ _4\"></span>foli<span class=\"_ _4\"></span>o valu<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n ass<span class=\"_ _4\"></span>ume<span class=\"_ _4\"></span>s act<span class=\"_ _4\"></span>ual cu<span class=\"_ _4\"></span>rre<span class=\"_ _4\"></span>nt de<span class=\"_ _4\"></span>pos<span class=\"_ _4\"></span>it rate<span class=\"_ _4\"></span>s are m<span class=\"_ _4\"></span>ain<span class=\"_ _4\"></span>tain<span class=\"_ _4\"></span>ed un<span class=\"_ _4\"></span>til 31 De<span class=\"_ _4\"></span>cem<span class=\"_ _4\"></span>ber 20<span class=\"_ _4\"></span>26 befo<span class=\"_ _4\"></span>re adj<span class=\"_ _4\"></span>ust<span class=\"_ _4\"></span>ing to th<span class=\"_ _4\"></span>e lon<span class=\"_ _4\"></span>g-ter<span class=\"_ _4\"></span>m rates n<span class=\"_ _4\"></span>oted i<span class=\"_ _4\"></span>n the ta<span class=\"_ _4\"></span>ble a<span class=\"_ _4\"></span>bove f<span class=\"_ _4\"></span>rom 1 Ja<span class=\"_ _4\"></span>nua<span class=\"_ _4\"></span>ry 2<span class=\"_ _4\"></span>027<span class=\"_ _1\"></span>. Th<span class=\"_ _4\"></span>e 31 Dece<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>er 2023 va<span class=\"_ _4\"></span>lua<span class=\"_ _4\"></span>tion a<span class=\"_ _4\"></span>dju<span class=\"_ _4\"></span>sted to th<span class=\"_ _4\"></span>e lon<span class=\"_ _4\"></span>ger-ter<span class=\"_ _4\"></span>m ass<span class=\"_ _4\"></span>umpt<span class=\"_ _4\"></span>ion f<span class=\"_ _4\"></span>rom 1 Ja<span class=\"_ _4\"></span>nua<span class=\"_ _4\"></span>ry 20<span class=\"_ _4\"></span>26.<span class=\"_ _208\"> </span>4 <span class=\"_ _11\"> </span>T<span class=\"_ _6\"></span>a<span class=\"_ _4\"></span>x ra<span class=\"_ _4\"></span>tes refl<span class=\"_ _4\"></span>ect t<span class=\"_ _4\"></span>hos<span class=\"_ _4\"></span>e subs<span class=\"_ _4\"></span>tan<span class=\"_ _4\"></span>tive<span class=\"_ _4\"></span>ly en<span class=\"_ _4\"></span>acte<span class=\"_ _4\"></span>d as at th<span class=\"_ _4\"></span>e valu<span class=\"_ _4\"></span>atio<span class=\"_ _4\"></span>n date o<span class=\"_ _4\"></span>r thos<span class=\"_ _4\"></span>e that c<span class=\"_ _4\"></span>oul<span class=\"_ _4\"></span>d rea<span class=\"_ _4\"></span>son<span class=\"_ _4\"></span>abl<span class=\"_ _4\"></span>y be exp<span class=\"_ _4\"></span>ecte<span class=\"_ _4\"></span>d to be su<span class=\"_ _4\"></span>bst<span class=\"_ _4\"></span>anti<span class=\"_ _4\"></span>vely e<span class=\"_ _4\"></span>nac<span class=\"_ _4\"></span>ted sh<span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>tly a<span class=\"_ _4\"></span>fte<span class=\"_ _4\"></span>r the va<span class=\"_ _4\"></span>luat<span class=\"_ _4\"></span>ion d<span class=\"_ _4\"></span>ate.<span class=\"_ _208\"> </span>Discount rates<span class=\"_ _208\"> </span>Discount rates as a whole are consider<span class=\"_ _6\"></span>ed to be an unobservable input for the purposes of IFRS13. The discount rate used in the valuation of each investment has been determined with refer<span class=\"_ _6\"></span>ence to: <span class=\"_ _19\"></span>\u2013<span class=\"_ _13\"> </span>Yield on a gover<span class=\"_ _4\"></span>nment bond with a r<span class=\"_ _2\"></span>emaining term equivalent to (or as close as possible to) the investment being valued, issued by the national government for the location of the relevant investment (\u2018government bond yield\u2019); <span class=\"_ _19\"></span>\u2013<span class=\"_ _13\"> </span>Investment risk premium, compromising: <span class=\"_ _19\"></span><span class=\"ff2\">\u2013<span class=\"_ _2b\"> </span><span class=\"ff4\">A premium to r<span class=\"_ _2\"></span>eflect the inherent gr<span class=\"_ _6\"></span>eater risk in investing in infrastructure assets over government bonds;</span></span> <span class=\"_ _19\"></span><span class=\"ff2\">\u2013<span class=\"_ _2b\"> </span><span class=\"ff4\">A further premium to r<span class=\"_ _2\"></span>eflect the state of maturity of the asset with a larger premium applied to immatur<span class=\"_ _6\"></span>e assets and/or assets in </span></span>construction and/or to reflect any curr<span class=\"_ _6\"></span>ent asset specific or operational issues. T<span class=\"_ _1\"></span>ypically<span class=\"_ _1\"></span>, this risk premium will reduce over the life of any asset as an asset matures, its operating performance becomes mor<span class=\"_ _6\"></span>e established, and the risks associated with its future cash flows decrease. However<span class=\"_ _3\"></span>, the rate may increase in relation to investments with unknown r<span class=\"_ _2\"></span>esidual values at the end of the relevant concession life as that date nears; <span class=\"_ _19\"></span><span class=\"ff2\">\u2013<span class=\"_ _2b\"> </span><span class=\"ff4\">A further adjustment reflective of market-based transaction valuation evidence for similar assets. Such adjustment is consider<span class=\"_ _2\"></span>ed to </span></span>implicitly include the market\u2019<span class=\"_ _3\"></span>s assessment of the risk posed by climate factors to that particular investment.<span class=\"_ _208\"> </span>Over the year<span class=\"_ _1\"></span>, the weighted average government bond yield increased. The weighted average investment premium incr<span class=\"_ _2\"></span>eased reflecting observable market-based evidence.<span class=\"_ _208\"> </span><table class=\"s w1d9 hb6\" id=\"_ba7f7638-8d67-4f47-8a6b-f5a754b84665\"><tr><td class=\"c n x19b y2070 w1da h9c\"><div class=\"t m1 x19a h14 y2022 ff4 fsd fc0 sc0 ls0 ws0\">V<span class=\"_ _6\"></span>aluation assumptions<span class=\"_ _208\"> </span></div></td><td class=\"c n x374 y2070 w1db hb1\"><div class=\"t m1 x19a h14 y2022 ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></div></td><td class=\"c n x375 y2070 w1dc h9c\"><div class=\"t m1 x19a h14 y2022 ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></div></td><td class=\"c n x376 y2070 w1dd h9c\"><div class=\"t m1 x19a h14 y2022 ff4 fsd fc0 sc0 ls0 ws0\">Movement<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f3f w1de h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Weighted A<span class=\"_ _6\"></span>verage Gover<span class=\"_ _4\"></span>nment Bond Yield<span class=\"_ _208\"> </span></div></td><td class=\"c n x377 y1f3f w1df h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsee wse7\">4<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>4%<span class=\"_ _208\"> </span></div></td><td class=\"c n x378 y1f3f w1e0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls2b ws2a\">4.3%<span class=\"_ _208\"> </span></div></td><td class=\"c n x379 y1f3f w1e1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa4 wsa5\">0<span class=\"_ _5\"></span>.1%<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f43 w1e2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Weighted A<span class=\"_ _6\"></span>verage Investment Risk Premium<span class=\"_ _208\"> </span></div></td><td class=\"c n x37a y1f43 w1e3 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsb1 ws5c\">4.<span class=\"_ _4\"></span>6%<span class=\"_ _208\"> </span></div></td><td class=\"c n x37b y1f43 w1e4 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa4 wsa5\">4<span class=\"_ _4\"></span>.1%<span class=\"_ _208\"> </span></div></td><td class=\"c n x37c y1f43 w1e5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls131 ws12f\">0<span class=\"_ _4\"></span>.5%<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w1e6 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">W<span class=\"_ _6\"></span>eighted Average Discount Rate<span class=\"_ _208\"> </span></div></td><td class=\"c n x37d y1f44 w1e7 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">9.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x37e y1f44 w1e8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls12d ws12b\">8<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>4%<span class=\"_ _208\"> </span></div></td><td class=\"c n x37f y1f44 w1e9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">0.6%<span class=\"_ _208\"> </span></div></td></tr></table><table class=\"s w12f hb7\" id=\"_96bdb30a-5b64-4d56-aa22-4e7bcc14e1d7\"><tr><td></td><td class=\"t m1 x21e h2b y2071 ff1 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended </td><td class=\"t m1 x21f h14 y2072 ff4 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended </td></tr><tr><td></td><td class=\"t m1 x220 h2b y2073 ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x221 h14 y2074 ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td class=\"t m1 x1d4 h14 y2075 ff4 fsd fc0 sc0 ls0 ws0\">Reconciliation of Level 3 fair value measurements of financial assets<span class=\"_ _208\"> </span></td><td class=\"t m1 x1ce h2b y2076 ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x1cf h14 y2077 ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y206a w1ea h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">Balance at 1 January<span class=\"_ _208\"> </span></div></td><td class=\"c n x380 y206a w1eb h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls137 ws135\">2,81<span class=\"_ _6\"></span>8,903<span class=\"_ _208\"> </span></div></td><td class=\"c n x381 y206a w1ec h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lse3 ws5b\">2<span class=\"_ _2\"></span>,947<span class=\"_ _3\"></span>,959<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2078 w1ed h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Additional investments during the year<span class=\"_ _208\"> </span></div></td><td class=\"c n x382 y2078 w1ee h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa3 wsa4\">1<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>7,<span class=\"_ _4\"></span>7<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>7<span class=\"_ _208\"> </span></div></td><td class=\"c n x383 y2078 w1ef h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls1b ws1b\">1<span class=\"_ _6\"></span>08,<span class=\"_ _6\"></span>088<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f3a w1f0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Net repayments during the year<span class=\"_ _208\"> </span></div></td><td class=\"c n x384 y1f3a w3e h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls49 ws46\">(18<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>6)<span class=\"_ _208\"> </span></div></td><td class=\"c n x385 y1f3a w1f1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls17 ws18\">(<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>34,<span class=\"_ _2\"></span>365)<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f27 wb7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Capitalisation of interest<span class=\"_ _208\"> </span></div></td><td class=\"c n x386 y1f27 w1f2 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls6 ws7\">13<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>47<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td><td class=\"c n x387 y1f27 w58 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls8b ws8a\">20<span class=\"_ _4\"></span>,3<span class=\"_ _4\"></span>01<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f3f wc5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Working capital advanced<span class=\"_ _208\"> </span></div></td><td class=\"c n x388 y1f3f w190 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa8 wsa9\">15<span class=\"_ _4\"></span>6<span class=\"_ _208\"> </span></div></td><td class=\"c n x389 y1f3f w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f43 w13a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Net change in investments at fair value through pr<span class=\"_ _6\"></span>ofit or loss<span class=\"_ _208\"> </span></div></td><td class=\"c n x2da y1f43 w13b h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls49 ws46\">(16<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>,8<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td><td class=\"c n x2db y1f43 w13c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls1b ws1b\">(<span class=\"_ _1\"></span>1<span class=\"_ _6\"></span>23<span class=\"_ _6\"></span>,080)<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w1f3 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">Balance at 31 December<span class=\"_ _208\"> </span></div></td><td class=\"c n x38a y1f44 w83 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls113 wsf7\">2<span class=\"_ _4\"></span>,593<span class=\"_ _4\"></span>,056<span class=\"_ _208\"> </span></div></td><td class=\"c n x38b y1f44 w84 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls7a ws74\">2,<span class=\"_ _4\"></span>818<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _4\"></span>3<span class=\"_ _208\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-199": {
   "value": "1<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>.5 <span class=\"_ _119\"> </span>SENSITIVITY ANAL<span class=\"_ _3\"></span>YSIS<span class=\"_ _208\"> </span>The valuation requir<span class=\"_ _6\"></span>es management to make certain assumptions in relation to unobservable inputs to the model. There are no straightforwar<span class=\"_ _6\"></span>d<span class=\"_ _4\"></span> inter<span class=\"_ _6\"></span>-relationships between the unobservable inputs. A sensitivity analysis for reasonably possible alternative assumptions is provided below:<span class=\"_ _208\"> </span><table class=\"s w1f4 hb8\" id=\"_b07ea085-165b-4463-a4ea-f284550cb86c\"><tr><td></td><td class=\"t m1 x38c h2b y2079 ff1 fsd fc0 sc0 ls0 ws0\">Weighted average </td><td></td><td class=\"t m1 x1c8 h2b y207a ff1 fsd fc0 sc0 ls0 ws0\">Change in fair value </td><td></td><td class=\"t m1 x38d h2b y207b ff1 fsd fc0 sc0 ls0 ws0\">Change in fair value </td></tr><tr><td class=\"t m1 x1d4 h2b y207c ff1 fsd fc0 sc0 ls0 ws0\">Assumptions<span class=\"_ _208\"> </span></td><td class=\"t m1 x38e h2b y207d ff1 fsd fc0 sc0 ls0 ws0\">rate in base case </td><td class=\"t m1 x38f h2b y207d ff1 fsd fc0 sc0 ls0 ws0\">Sensitivity </td><td class=\"t m1 x390 h2b y207e ff1 fsd fc0 sc0 ls0 ws0\">of investment </td><td class=\"t m1 x391 h2b y207e ff1 fsd fc0 sc0 ls0 ws0\">Sensitivity </td><td class=\"t m1 x392 h2b y207f ff1 fsd fc0 sc0 ls0 ws0\">of investment </td></tr><tr><td class=\"t m1 x1d4 h2b y2080 ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x393 h2b y2081 ff1 fsd fc0 sc0 ls0 ws0\">valuations<span class=\"_ _208\"> </span></td><td class=\"t m1 x29c h2b y2081 ff1 fsd fc0 sc0 ls0 ws0\">factor<span class=\"_ _208\"> </span></td><td class=\"t m1 x263 h2b y2082 ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x394 h2b y2082 ff1 fsd fc0 sc0 ls0 ws0\">factor<span class=\"_ _208\"> </span></td><td class=\"t m1 x1cf h2b y2083 ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y1f1e w1f5 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">Discount rate<span class=\"_ _208\"> </span></div></td><td class=\"c n x395 y1f1e w1f6 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">9.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x396 y1f1e w1f7 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">+ 1.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x397 y1f1e w1f8 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 lsb0 wsb0\">(227<span class=\"_ _6\"></span>,37<span class=\"_ _6\"></span>4)<span class=\"_ _208\"> </span></div></td><td class=\"c n x398 y1f1e w1f9 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">- 1.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x399 y1f1e w1fa h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls113 wsf7\">270,01<span class=\"_ _6\"></span>3<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2084 wb1 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">Inflation rate (overall)<span class=\"_ _208\"> </span></div></td><td class=\"c n x39a y2084 w1fb h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls12e ws12c\">2<span class=\"_ _4\"></span>.3%<span class=\"_ _208\"> </span></div></td><td class=\"c n x39b y2084 w1fc h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">+ 1.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x39c y2084 w1fd h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 lsaf wsaf\">2<span class=\"_ _4\"></span>14<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>2<span class=\"_ _208\"> </span></div></td><td class=\"c n x39d y2084 w1fe h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">- 1<span class=\"_ _2\"></span>.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x39e y2084 w1ff h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls58 ws53\">(19<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1fab w200 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">UK (CPI/RPI)<span class=\"_ _208\"> </span></div></td><td class=\"c n x39f y1fab w201 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls138 ws136\">2.<span class=\"_ _6\"></span>0/<span class=\"_ _6\"></span>2.8<span class=\"_ _6\"></span>%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3a0 y1fab w202 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">+ 1<span class=\"_ _6\"></span>.<span class=\"_ _4\"></span>0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3a1 y1fab w132 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls10e ws106\">17<span class=\"_ _4\"></span>1,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x3a2 y1fab w203 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">- 1.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3a3 y1fab w204 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls121 ws11a\">(1<span class=\"_ _6\"></span>56,9<span class=\"_ _4\"></span>06)<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f22 w205 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">Europe<span class=\"_ _208\"> </span></div></td><td class=\"c n x3a4 y1f22 w206 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">2<span class=\"_ _4\"></span>.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3a5 y1f22 w1fc h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">+ 1.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3a6 y1f22 w1a4 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 lsa5 wsa6\">3<span class=\"_ _4\"></span>1,<span class=\"_ _4\"></span>87<span class=\"_ _4\"></span>5<span class=\"_ _208\"> </span></div></td><td class=\"c n x3a7 y1f22 w203 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">- 1.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3a8 y1f22 w207 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 lsb0 wsb0\">(26,67<span class=\"_ _6\"></span>4)<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2085 w208 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">North America<span class=\"_ _208\"> </span></div></td><td class=\"c n x3a4 y2085 w206 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">2<span class=\"_ _4\"></span>.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3a5 y2085 w1fc h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">+ 1.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3a9 y2085 w209 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">6<span class=\"_ _4\"></span>76<span class=\"_ _208\"> </span></div></td><td class=\"c n x3aa y2085 w20a h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">- 1.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3ab y2085 w20b h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls139 ws137\">(5<span class=\"_ _4\"></span>75)<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2086 w20c h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">New Zealand<span class=\"_ _208\"> </span></div></td><td class=\"c n x3ac y2086 w20d h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls12e ws12c\">2<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>3%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3ad y2086 w1fc h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">+ 1.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3ae y2086 w20e h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 lse3 ws5b\">4<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>81<span class=\"_ _208\"> </span></div></td><td class=\"c n x3af y2086 w203 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">- 1.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3b0 y2086 w4c h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 lsb0 wsb0\">(3<span class=\"_ _4\"></span>,88<span class=\"_ _4\"></span>4)<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2087 w20f h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">Australia<span class=\"_ _208\"> </span></div></td><td class=\"c n x3a4 y2087 w210 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls102 wsf6\">2<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>5%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3b1 y2087 w1f7 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">+ 1.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3b2 y2087 w211 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls113 wsf7\">6,42<span class=\"_ _4\"></span>6<span class=\"_ _208\"> </span></div></td><td class=\"c n x3b3 y2087 w203 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">- 1.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3b4 y2087 w212 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls13a ws138\">(<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>1)<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y203e w213 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">FX rate<span class=\"_ _208\"> </span></div></td><td class=\"c n x3b5 y203e w214 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 lsf2 wseb\">n<span class=\"_ _4\"></span>/a<span class=\"_ _208\"> </span></div></td><td class=\"c n x3b6 y203e w215 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">+ 10.<span class=\"_ _4\"></span>0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3b7 y203e w216 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls13a ws138\">(<span class=\"_ _4\"></span>7<span class=\"_ _4\"></span>1,7<span class=\"_ _4\"></span>61)<span class=\"_ _208\"> </span></div></td><td class=\"c n x3b8 y203e w217 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">- 1<span class=\"_ _2\"></span>0.<span class=\"_ _4\"></span>0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3b9 y203e w218 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 lsa5 wsa6\">71,7<span class=\"_ _4\"></span>61<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f54 w219 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>ax rate<span class=\"_ _208\"> </span></div></td><td class=\"c n x3ba y1f54 w21a h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls65 ws5f\">25.5<span class=\"_ _6\"></span>%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3bb y1f54 w1fc h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">+ 1.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3bc y1f54 waa h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls8b ws8a\">(12<span class=\"_ _5\"></span>,4<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td><td class=\"c n x3bd y1f54 w203 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">- 1.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3be y1f54 w21b h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls117 ws10f\">1<span class=\"_ _4\"></span>2<span class=\"_ _5\"> </span>,1<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>4<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w21c h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">Deposit rate<span class=\"_ _208\"> </span></div></td><td class=\"c n x3bf y1f44 w1df h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 lsee wse7\">2<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>4%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3c0 y1f44 w1f7 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">+ 1.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3c1 y1f44 w21d h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls76 ws31\">2<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>,5<span class=\"_ _4\"></span>91<span class=\"_ _208\"> </span></div></td><td class=\"c n x3c2 y1f44 w203 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">- 1.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3c3 y1f44 w21e h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 lsb0 wsb0\">(2<span class=\"_ _4\"></span>2,<span class=\"_ _4\"></span>920)<span class=\"_ _208\"> </span></div></td></tr></table><table class=\"s w21f hb9\" id=\"_a01dd810-c873-482a-9821-a2fe2dbcb93c\"><tr><td></td><td class=\"t m1 x3c4 h2b y2088 ff1 fsd fc0 sc0 ls0 ws0\">Weighted average </td><td></td><td class=\"t m1 x3c5 h2b y2089 ff1 fsd fc0 sc0 ls0 ws0\">Change in fair value </td><td></td><td class=\"t m1 x3c6 h2b y208a ff1 fsd fc0 sc0 ls0 ws0\">Change in fair value </td><td></td></tr><tr><td class=\"t m1 x19f h14 y208b ff4 fsd fc0 sc0 ls0 ws0\">Assumptions<span class=\"_ _208\"> </span></td><td class=\"t m1 x3c7 h2b y208c ff1 fsd fc0 sc0 ls0 ws0\">rate in base case </td><td class=\"t m1 x3c8 h2b y208c ff1 fsd fc0 sc0 ls0 ws0\">Sensitivity </td><td class=\"t m1 x3c9 h2b y208d ff1 fsd fc0 sc0 ls0 ws0\">of investment </td><td class=\"t m1 x3ca h2b y208d ff1 fsd fc0 sc0 ls0 ws0\">Sensitivity </td><td class=\"t m1 x3cb h2b y208e ff1 fsd fc0 sc0 ls0 ws0\">of investment </td><td></td></tr><tr><td class=\"t m1 x19f h14 y208f ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td><td class=\"t m1 x3cc h2b y2090 ff1 fsd fc0 sc0 ls0 ws0\">valuations<span class=\"_ _208\"> </span></td><td class=\"t m1 x3cd h2b y2090 ff1 fsd fc0 sc0 ls0 ws0\">factor<span class=\"_ _208\"> </span></td><td class=\"t m1 x3ce h2b y2091 ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x3cf h2b y2091 ff1 fsd fc0 sc0 ls0 ws0\">factor<span class=\"_ _208\"> </span></td><td class=\"t m1 x3d0 h2b y2092 ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td></td></tr><tr><td class=\"c n x19b y1f1e w220 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Discount rate<span class=\"_ _208\"> </span></div></td><td class=\"c n x3d1 y1f1e w221 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls12d ws12b\">8<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>4%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3d2 y1f1e w222 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">+ 1<span class=\"_ _6\"></span>.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3d3 y1f1e w223 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13b ws139\">(<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>41,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>1)<span class=\"_ _208\"> </span></div></td><td class=\"c n x3d4 y1f1e w224 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">- 1<span class=\"_ _6\"></span>.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3d5 y1f1e w1d4 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls38 ws35\">288,391<span class=\"_ _208\"> </span></div></td><td></td></tr><tr><td class=\"c n x19b y1f1f w225 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Inflation rate (overall)<span class=\"_ _208\"> </span></div></td><td class=\"c n x3d6 y1f1f w226 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls5f ws5a\">2.3<span class=\"_ _4\"></span>%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3d7 y1f1f w222 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">+ 1<span class=\"_ _6\"></span>.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3d8 y1f1f w227 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">235,<span class=\"_ _4\"></span>302<span class=\"_ _208\"> </span></div></td><td class=\"c n x3d9 y1f1f w228 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">- 1<span class=\"_ _1\"></span>.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3da y1f1f w229 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsae wsae\">(<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _d\"> </span>9<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>74<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td><td></td></tr><tr><td class=\"c n x19b y1fab w22a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK (CPI/RPI)<span class=\"_ _208\"> </span></div></td><td class=\"c n x3db y1fab w22b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls5f ws5a\">2.0%<span class=\"_ _4\"></span>/2.<span class=\"_ _4\"></span>8%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3dc y1fab w222 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">+ 1<span class=\"_ _6\"></span>.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3dd y1fab w22c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls7a ws74\">18<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>918<span class=\"_ _208\"> </span></div></td><td class=\"c n x3de y1fab w22d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">- 1<span class=\"_ _1\"></span>.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3df y1fab w22e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls124 ws11e\">(16<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>,75<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td><td></td></tr><tr><td class=\"c n x19b y1f22 w1b9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Europe<span class=\"_ _208\"> </span></div></td><td class=\"c n x3e0 y1f22 w226 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls5f ws5a\">2.0<span class=\"_ _4\"></span>%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3e1 y1f22 w222 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">+ 1<span class=\"_ _6\"></span>.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3e2 y1f22 w22f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls49 ws46\">3<span class=\"_ _4\"></span>5,48<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td><td class=\"c n x3e3 y1f22 w230 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">- 1<span class=\"_ _6\"></span>.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3e4 y1f22 w231 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa7 wsa8\">(<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>,77<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td><td></td></tr><tr><td class=\"c n x19b y1ff4 w232 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">North America<span class=\"_ _208\"> </span></div></td><td class=\"c n x3e0 y1ff4 w226 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls5f ws5a\">2.0<span class=\"_ _4\"></span>%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3e1 y1ff4 w222 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">+ 1<span class=\"_ _6\"></span>.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3e5 y1ff4 w233 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa2 wsa3\">626<span class=\"_ _208\"> </span></div></td><td class=\"c n x3e6 y1ff4 w224 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">- 1<span class=\"_ _6\"></span>.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3e7 y1ff4 w234 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsae wsae\">(<span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>74<span class=\"_ _5\"></span>)<span class=\"_ _208\"> </span></div></td><td></td></tr><tr><td class=\"c n x19b y2086 w1b7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">New Zealand<span class=\"_ _208\"> </span></div></td><td class=\"c n x3d6 y2086 w226 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls5f ws5a\">2.3<span class=\"_ _4\"></span>%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3d7 y2086 w222 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">+ 1<span class=\"_ _6\"></span>.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3e8 y2086 w235 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls6 ws7\">5,<span class=\"_ _4\"></span>437<span class=\"_ _208\"> </span></div></td><td class=\"c n x3e9 y2086 w224 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">- 1<span class=\"_ _6\"></span>.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3ea y2086 w236 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13a ws138\">(4<span class=\"_ _4\"></span>,978<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td><td></td></tr><tr><td class=\"c n x19b y2093 w1b5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Australia<span class=\"_ _208\"> </span></div></td><td class=\"c n x3eb y2093 w1e5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls131 ws12f\">2.<span class=\"_ _4\"></span>5%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3e1 y2093 w222 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">+ 1<span class=\"_ _6\"></span>.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3ec y2093 wae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls111 ws109\">7,<span class=\"_ _d\"> </span>8<span class=\"_ _5\"> </span>3<span class=\"_ _d\"> </span>6<span class=\"_ _208\"> </span></div></td><td class=\"c n x3de y2093 w22d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">- 1<span class=\"_ _1\"></span>.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3ed y2093 w237 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls111 ws109\">(<span class=\"_ _5\"></span>7,<span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td><td class=\"c n x3ee y2093 w238 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls111 ws109\">6<span class=\"_ _5\"></span>)<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y203e w239 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">FX rate<span class=\"_ _208\"> </span></div></td><td class=\"c n x3ef y203e w23a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsaf wsaf\">n<span class=\"_ _4\"></span>/a<span class=\"_ _208\"> </span></div></td><td class=\"c n x3f0 y203e w23b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">+ 10<span class=\"_ _2\"></span>.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3f1 y203e w23c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls6 ws7\">(<span class=\"_ _4\"></span>78,9<span class=\"_ _4\"></span>56<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td><td class=\"c n x3f2 y203e w23d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">- 1<span class=\"_ _6\"></span>0.0%<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x3f3 y203e w23e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls6 ws7\">78,<span class=\"_ _4\"></span>96<span class=\"_ _4\"></span>2<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f54 w23f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>ax rate<span class=\"_ _208\"> </span></div></td><td class=\"c n x3f4 y1f54 w240 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls131 ws12f\">25<span class=\"_ _4\"></span>.5%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3f5 y1f54 w222 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">+ 1<span class=\"_ _6\"></span>.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3f6 y1f54 w241 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsf0 wse9\">(13<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td><td class=\"c n x3f7 y1f54 w224 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">- 1<span class=\"_ _6\"></span>.0%<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x3f8 y1f54 w242 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsf0 wse9\">13<span class=\"_ _4\"></span>,7<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>4<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w243 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Deposit rate<span class=\"_ _208\"> </span></div></td><td class=\"c n x3f9 y1f44 w244 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls12d ws12b\">2<span class=\"_ _4\"></span>.4%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3fa y1f44 w245 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">+ 1<span class=\"_ _1\"></span>.0%<span class=\"_ _208\"> </span></div></td><td class=\"c n x3fb y1f44 w246 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls12e ws12c\">23<span class=\"_ _4\"></span>,30<span class=\"_ _4\"></span>6<span class=\"_ _208\"> </span></div></td><td class=\"c n x3fc y1f44 w22d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">- 1<span class=\"_ _1\"></span>.0%<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x3fd y1f44 w247 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsad wsad\">(<span class=\"_ _4\"></span>23,0<span class=\"_ _4\"></span>06)</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:SensitivityAnalysisForEachTypeOfMarketRisk",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-180": {
   "value": "<div class=\"t m1 h2 ff1 fs0 fc3 sc0 ls17 ws18 gs179\">1<span class=\"_ _6\"></span>2<span class=\"_ _4\"></span>. <span class=\"_ _119\"> </span>IN<span class=\"_ _4\"></span>VESTME<span class=\"_ _4\"></span>NT<span class=\"_ _2\"></span> ACTIVIT<span class=\"_ _4\"></span>Y<span class=\"_ _208\"> </span></div><div class=\"t m1 h2 ff1 fs0 fc1 sc0 ls6e ws6a gs17a\">2024<span class=\"_ _208\"> </span></div><div class=\"gs17b\"><table class=\"s w248 hba\" id=\"_e37b62a4-a3c0-468f-812a-61ea9b30230a\"><tr><td></td><td></td><td class=\"t m1 x3fe h2b y2094 ff1 fsd fc0 sc0 ls0 ws0\">Consideration<span class=\"_ _208\"> </span></td><td class=\"t m1 x3cb h2b y2094 ff1 fsd fc0 sc0 ls0 ws0\">% Ownership  </td></tr><tr><td class=\"c n x19b y2096 w249 hbb\"><div class=\"t m1 x19a h2b y2095 ff1 fsd fc0 sc0 ls0 ws0\">Date of investment<span class=\"_ _208\"> </span></div></td><td class=\"c n x3ff y2096 w24a hbb\"><div class=\"t m1 x19a h2b y2095 ff1 fsd fc0 sc0 ls0 ws0\">Description<span class=\"_ _208\"> </span></div></td><td class=\"t m1 x198 h2b y2097 ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x400 h2b y2097 ff1 fsd fc0 sc0 ls0 ws0\">post investment<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y2098 w24b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">February 2024<span class=\"_ _208\"> </span></div></td><td class=\"c n x401 y2098 w24c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">The Gr<span class=\"_ _2\"></span>oup made an investment into Moray East OFTO, UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x402 y2098 w22f h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls49 ws46\">76<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>518<span class=\"_ _208\"> </span></div></td><td class=\"c n x403 y2098 w24d h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls6a ws66\">10<span class=\"_ _4\"></span>0%<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2099 w24e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">February \u2013 December 2024</div></td><td class=\"c n x404 y2099 w24f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">The Gr<span class=\"_ _6\"></span>oup made investments into Flinders HMRB, Australia<span class=\"_ _208\"> </span></div></td><td class=\"c n x405 y2099 w250 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls25 ws24\">6<span class=\"_ _4\"></span>,72<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td><td class=\"c n x406 y2099 w24d h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls6a ws66\">10<span class=\"_ _4\"></span>0%<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y209a w251 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">March \u2013 December 2024</div></td><td class=\"c n x407 y209a w252 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">The Group made further investments into its digital asset portfolio<span class=\"_ _208\"> </span></div></td><td class=\"c n x408 y209b w253 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls137 ws135\">8,83<span class=\"_ _2\"></span>1<span class=\"_ _208\"> </span></div></td><td class=\"c n x409 y209b w254 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls6a ws66\">Va<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>o<span class=\"_ _4\"></span>us<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"t m1 x40a h8 y209c ff4 fs0 fc0 sc0 ls0 ws0\">(National Digital Infrastructure fund and its underlying assets), UK<span class=\"_ _208\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x19b y209d w255 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">April \u2013 December 2024<span class=\"_ _208\"> </span></div></td><td class=\"c n x40b y209d w256 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">The Group made investments into Gold Coast Light Rail,<span class=\"_ _208\"> </span></div></td><td class=\"c n x40c y209e w257 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls117 ws10f\">1<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>8<span class=\"_ _208\"> </span></div></td><td class=\"c n x40d y209e w258 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">3<span class=\"_ _4\"></span>0%<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"t m1 x40a h8 y209f ff4 fs0 fc0 sc0 ls0 ws0\">Australia<span class=\"_ _208\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x19b y20a0 w259 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">October 2024<span class=\"_ _208\"> </span></div></td><td class=\"c n x40e y20a0 w25a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">The Group made a further investment into BeNEX, Germany<span class=\"_ _208\"> </span></div></td><td class=\"c n x40f y20a0 w25b h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsaf wsaf\">14<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>2<span class=\"_ _208\"> </span></div></td><td class=\"c n x410 y20a0 w24d h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls6a ws66\">10<span class=\"_ _4\"></span>0%<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w25c h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal capital spend on investments during the year<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x411 y1f44 w1ee h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 lsa3 wsa4\">1<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>7,<span class=\"_ _5\"></span>7<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>7<span class=\"_ _208\"> </span></div></td><td></td></tr></table></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs17c\">In addition to the capital spend noted above, during 2024, INPP also completed on transactions realising value fr<span class=\"_ _6\"></span>om its existing portfolio. </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs17d\">In January 2024, the Company received the second tranche of cashflows of c.\u00a3108m fr<span class=\"_ _6\"></span>om the OFTO realisation activity announced in </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs17e\">December 2023. In August 2024, the Company divested its 50% stake in the Three Shir<span class=\"_ _6\"></span>es PPP portfolio for c.\u00a314m. In September 2024, </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs17f\">the Company realised c.\u00a329.7m of pr<span class=\"_ _6\"></span>oceeds from a partial disposal of its FHSP investment.<span class=\"_ _208\"> </span></div><div class=\"t m1 h2 ff1 fs0 fc1 sc0 ls69 ws65 gs180\">2023<span class=\"_ _208\"> </span></div><div class=\"gs181\"><table class=\"s w25d hbc\" id=\"_4502da71-98bf-42e8-ab17-05123156bcf9\"><tr><td></td><td></td><td class=\"t m1 x412 h14 y20a1 ff4 fsd fc0 sc0 ls0 ws0\">Consideration<span class=\"_ _208\"> </span></td><td class=\"t m1 x413 h14 y20a1 ff4 fsd fc0 sc0 ls0 ws0\">% Ownership  </td></tr><tr><td class=\"c n x19b y20a3 w25e h9e\"><div class=\"t m1 x19a h14 y20a2 ff4 fsd fc0 sc0 ls0 ws0\">Date of investment<span class=\"_ _208\"> </span></div></td><td class=\"c n x414 y20a3 w25f h9e\"><div class=\"t m1 x19a h14 y20a2 ff4 fsd fc0 sc0 ls0 ws0\">Description<span class=\"_ _208\"> </span></div></td><td class=\"t m1 x198 h14 y20a4 ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x415 h14 y20a4 ff4 fsd fc0 sc0 ls0 ws0\">post investment<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y20a5 w260 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">March 2023<span class=\"_ _208\"> </span></div></td><td class=\"c n x416 y20a5 w261 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">The Group made a follow-on investment into a Building Schools<span class=\"_ _208\"> </span></div></td><td class=\"c n x417 y20a5 w262 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsae wsae\">741<span class=\"_ _208\"> </span></div></td><td class=\"c n x418 y20a5 w263 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>%<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"t m1 x40a h8 y20a6 ff4 fs0 fc0 sc0 ls0 ws0\">for the Future asset, UK<span class=\"_ _208\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x19b y20a7 w264 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">June 2023<span class=\"_ _208\"> </span></div></td><td class=\"c n x419 y20a7 w265 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">The Group made an investment into a portfolio of New Zealand<span class=\"_ _208\"> </span></div></td><td class=\"c n x41a y20a7 w120 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls111 ws109\">1<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>7,<span class=\"_ _d\"> </span>3<span class=\"_ _5\"></span>4<span class=\"_ _5\"></span>7<span class=\"_ _208\"> </span></div></td><td class=\"c n x41b y20a7 w266 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0%<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"t m1 x40a h8 y20a8 ff4 fs0 fc0 sc0 ls0 ws0\">Social Infrastructure assets<span class=\"_ _208\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x19b y1f44 w25c h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal capital spend on investments during the year<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x41c y1f44 w267 h9f\"><div class=\"t m1 x19a h2 y1f2c ff1 fs0 fc0 sc0 ls132 ws130\">1<span class=\"_ _6\"></span>08,088<span class=\"_ _208\"> </span></div></td><td></td></tr></table></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs182\">In addition to the capital spend noted above, during 2023, INPP also completed on transactions realising value fr<span class=\"_ _6\"></span>om its existing portfolio.  </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs183\">In July 2023 the Company sold its stake in Airband (held through NDIF) for c.\u00a312m. In December 2023, the Company completed a </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs184\">transaction to generate c.\u00a3200m proceeds r<span class=\"_ _6\"></span>ealising value from within its OFTO portfolio, which included repayment of the Company\u2019<span class=\"_ _3\"></span>s four </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs185\">senior debt investments in the OFTO portfolio.<span class=\"_ _208\"> </span></div>21<span class=\"_ _6\"></span>. INV<span class=\"_ _4\"></span>ESTMENTS<span class=\"_ _208\"> </span>The Group holds 141 investments acr<span class=\"_ _6\"></span>oss energy transmission, education, transport, health, judicial, waste water<span class=\"_ _6\"></span>, family housing for service<span class=\"_ _208\"> </span>personnel and other sectors. The table below sets out the Group\u2019<span class=\"_ _3\"></span>s investments that are r<span class=\"_ _2\"></span>ecorded at fair value thr<span class=\"_ _2\"></span>ough profit or loss.<span class=\"_ _208\"> </span><table class=\"s w305 hcb\" id=\"_764d5556-3ae6-4586-a3d5-b57c292b2f07\"><tr><td></td><td></td><td class=\"t m1 x3c5 h14 y2124 ff4 fsd fc0 sc0 ls0 ws0\">Status at </td><td class=\"t m1 x46b h14 y2124 ff4 fsd fc0 sc0 ls0 ws0\">Per cent. Risk Capital<span class=\"_ _208\"> </span></td><td></td></tr><tr><td class=\"c n x19b y2125 w306 h9c\"><div class=\"t m1 x19a h14 y2022 ff4 fsd fc0 sc0 ls0 ws0\">Investment Name<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c2 y2125 w307 h9c\"><div class=\"t m1 x19a h14 y2022 ff4 fsd fc0 sc0 ls0 ws0\">Country<span class=\"_ _208\"> </span></div></td><td class=\"t m1 x4c3 h14 y2126 ff4 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"c x4c5 y2125 w308 h9c\"><div class=\"t m1 x19a h14 y2022 ff4 fsd fc0 sc0 ls0 ws0\">owned by the Group</div><div class=\"t m1 x4c4 h30 y2127 ff4 fs1b fc0 sc0 ls0 ws0\">1<span class=\"_ _208\"> </span></div></td><td class=\"t m1 x4c6 h14 y2126 ff4 fsd fc0 sc0 ls0 ws0\">Investment end<span class=\"_ _208\"> </span></td></tr><tr><td class=\"t m1 x19f h2 y2128 ff1 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m1 x19f h2 y2129 ff1 fs0 fc0 sc0 ls0 ws0\">UK PPP Assets<span class=\"_ _208\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y212a w309 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Calderdale Schools<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y212a w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y212a w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c9 y212a w30c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x4ca y212a w30d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls78 ws72\">A<span class=\"_ _4\"></span>pri<span class=\"_ _4\"></span>l 2030<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y212b w30e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Derbyshire Schools Phase T<span class=\"_ _3\"></span>wo<span class=\"_ _208\"> </span></div></td><td class=\"c n x4cb y212b w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4cc y212b w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x4cd y212b w310 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x4ce y212b w311 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">February 203<span class=\"_ _6\"></span>2<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y212c w312 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Northamptonshire Schools<span class=\"_ _208\"> </span></div></td><td class=\"c n x4cf y212c w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4d0 y212c w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x4d1 y212c w310 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x4d2 y212c w313 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">December<span class=\"_ _6\"></span> 203<span class=\"_ _6\"></span>7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y212d w314 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Derbyshire Courts<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y212d w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y212d w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c9 y212d w30c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x4d3 y212d w315 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">August 2<span class=\"_ _6\"></span>028<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y212e w316 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Derbyshire Schools Phase One<span class=\"_ _208\"> </span></div></td><td class=\"c n x4d4 y212e w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4d5 y212e w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x4d6 y212e w317 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x4d7 y212e w318 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">A<span class=\"_ _4\"></span>pri<span class=\"_ _4\"></span>l 2029<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y212f w319 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">North W<span class=\"_ _6\"></span>ales Police HQ<span class=\"_ _208\"> </span></div></td><td class=\"c n x4d8 y212f w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4d9 y212f w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x4da y212f w317 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x4db y212f w31a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">December<span class=\"_ _2\"></span> 20<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>8<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2130 w31b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">St Thomas More Schools<span class=\"_ _208\"> </span></div></td><td class=\"c n x4dc y2130 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4dd y2130 w31c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">O<span class=\"_ _4\"></span>perat<span class=\"_ _6\"></span>ional<span class=\"_ _208\"> </span></div></td><td class=\"c n x4de y2130 w31d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x4df y2130 w31e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls6a ws66\">A<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>l 20<span class=\"_ _4\"></span>28<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2131 w31f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>ower Hamlets Schools<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e0 y2131 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e1 y2131 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e2 y2131 w30c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e3 y2131 w315 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">August 2<span class=\"_ _6\"></span>027<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2132 w320 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Norfolk Police HQ<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e4 y2132 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e5 y2132 w321 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Ope<span class=\"_ _4\"></span>ra<span class=\"_ _2\"></span>tional<span class=\"_ _208\"> </span></div></td><td class=\"c n x4da y2132 w317 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e6 y2132 w322 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">December 2<span class=\"_ _6\"></span>036<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2133 w323 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Strathclyde Police T<span class=\"_ _1\"></span>raining Centre<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e7 y2133 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e8 y2133 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e9 y2133 w324 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">1<span class=\"_ _6\"></span><span class=\"lsbf wsbd\">0<span class=\"_ _4\"></span>0.0</span><span class=\"lsbf wsbd\"><span class=\"_ gs1fb\"> </span></span></div></td><td class=\"c n x4ea y2133 w325 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">Sept<span class=\"_ _6\"></span>ember 2<span class=\"_ _6\"></span>026<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2134 w326 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Herefor<span class=\"_ _6\"></span>d &amp; Worcester Courts<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y2134 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y2134 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c x4ec y2134 w327 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0</div><div class=\"t m1 x4eb h17 y1f8f ff4 fsc fc0 sc0 ls0 ws0\">2</div></td><td class=\"t m1 x4ed h8 y2135 ff4 fs0 fc0 sc0 ls13 ws14\">Sept<span class=\"_ _6\"></span>ember 2<span class=\"_ _6\"></span>025<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y2136 w328 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Abingdon Police Station<span class=\"_ _208\"> </span></div></td><td class=\"c n x4ee y2136 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4ef y2136 w329 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Ope<span class=\"_ _4\"></span>ra<span class=\"_ _2\"></span>tional<span class=\"_ _208\"> </span></div></td><td class=\"c n x4f0 y2136 w310 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x4f1 y2136 w30d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls78 ws72\">A<span class=\"_ _4\"></span>pril<span class=\"_ _4\"></span> 2030<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2137 w32a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Bootle Government Offices<span class=\"_ _208\"> </span></div></td><td class=\"c n x4f2 y2137 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4f3 y2137 w32b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">O<span class=\"_ _4\"></span>perat<span class=\"_ _6\"></span>ional<span class=\"_ _208\"> </span></div></td><td class=\"c n x4f4 y2137 w32c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x4f5 y2137 w32d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">December<span class=\"_ _2\"></span> 20<span class=\"_ _2\"></span>2<span class=\"_ _6\"></span>5<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2138 w32e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Maesteg Schools<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y2138 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y2138 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c9 y2138 w30c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x4f6 y2138 w77 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls78 ws72\">J<span class=\"_ _4\"></span>uly 20<span class=\"_ _4\"></span>33<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2139 w2ec h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Moray Schools<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y2139 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y2139 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c9 y2139 w30c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x4f7 y2139 w32f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Feb<span class=\"_ _4\"></span>ruar<span class=\"_ _4\"></span>y 2042<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y213a w330 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Liverpool Library<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y213a w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y213a w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c9 y213a w30c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x4f8 y213a w331 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Nov<span class=\"_ _6\"></span>embe<span class=\"_ _4\"></span>r<span class=\"_ _2\"></span> 203<span class=\"_ _6\"></span>7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y213b w332 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>ownlands Hospital<span class=\"_ _208\"> </span></div></td><td class=\"c n x4f9 y213b w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4fa y213b w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x4fb y213b w310 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x4fc y213b w333 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">November<span class=\"_ _2\"></span> 204<span class=\"_ _1\"></span>1<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x19f h2 y213c ff1 fs0 fc0 sc0 ls0 ws0\">Priority Schools Building Aggregator Pr<span class=\"_ _6\"></span>ogramme<span class=\"_ _208\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y213d w334 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Batch 1 \u2013 Schools in North East England<span class=\"_ _208\"> </span></div></td><td class=\"c n x4fd y213d w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4fe y213d w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c x500 y213d w335 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">0.0</div><div class=\"t m1 x4ff h17 y1f8f ff4 fsc fc0 sc0 ls0 ws0\">2</div></td><td class=\"t m1 x501 h8 y213e ff4 fs0 fc0 sc0 ls113 wsf7\"> August 2<span class=\"_ _6\"></span>040<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c x19b y20ec w336 hcc\"><div class=\"t m1 x19a h8 y213f ff4 fs0 fc0 sc0 ls0 ws0\">Batch 2 \u2013 Schools in Hertfordshir<span class=\"_ _6\"></span>e,<span class=\"_ _208\"> </span></div><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Luton and Reading<span class=\"_ _208\"> </span></div></td><td class=\"c n x502 y2110 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x503 y2110 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c x505 y2110 w337 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">0.0</div><div class=\"t m1 x504 h17 y1f8f ff4 fsc fc0 sc0 ls0 ws0\">2<span class=\"_ _208\"> </span></div></td><td class=\"c n x506 y2110 w338 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">November<span class=\"_ _2\"></span> 2040<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2111 w339 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Batch 3 \u2013 Schools in North West of England<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y2111 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y2111 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c x508 y2111 w33a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">0.0</div><div class=\"t m1 x507 h17 y1f8f ff4 fsc fc0 sc0 ls0 ws0\">2</div></td><td class=\"t m1 x501 h8 y2140 ff4 fs0 fc0 sc0 ls113 wsf7\"> August 2<span class=\"_ _6\"></span>04<span class=\"_ _6\"></span>1<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y20ee w33b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Batch 4 \u2013 Schools in the Midlands Region<span class=\"_ _208\"> </span></div></td><td class=\"c n x4cf y20ee w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4d0 y20ee w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c x50a y20ee w33c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls5f ws5a\">9<span class=\"_ _4\"></span>2.5</div><div class=\"t m1 x509 h17 y1fa9 ff4 fsc fc0 sc0 ls0 ws0\">2</div></td><td class=\"t m1 x4ed h8 y2141 ff4 fs0 fc0 sc0 ls13 ws14\"> December<span class=\"_ _2\"></span> 204<span class=\"_ _3\"></span>1<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y2112 w33d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Batch 5 \u2013 Schools in Y<span class=\"_ _1\"></span>orkshire<span class=\"_ _208\"> </span></div></td><td class=\"c n x50b y2112 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x50c y2112 w321 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Op<span class=\"_ _4\"></span>era<span class=\"_ _2\"></span>tional<span class=\"_ _208\"> </span></div></td><td class=\"c x50e y2112 w33e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">0.0</div><div class=\"t m1 x50d h17 y1f8f ff4 fsc fc0 sc0 ls0 ws0\">2</div></td><td class=\"t m1 x50f h8 y2142 ff4 fs0 fc0 sc0 ls13 ws14\"> Sept<span class=\"_ _6\"></span>ember 2<span class=\"_ _6\"></span>04<span class=\"_ _1\"></span>1<span class=\"_ _208\"> </span></td></tr><tr><td class=\"t m1 x19f h2 y2143 ff1 fs0 fc0 sc0 ls0 ws0\">OFTOs<span class=\"_ _208\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y20f1 w33f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Robin Rigg OFTO<span class=\"_ _208\"> </span></div></td><td class=\"c n x502 y20f1 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x503 y20f1 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c x511 y20f1 w340 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0</div><div class=\"t m1 x510 h17 y1f8f ff4 fsc fc0 sc0 ls0 ws0\">2</div></td><td class=\"t m1 x400 h8 y2144 ff4 fs0 fc0 sc0 ls13c ws13b\"> M<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>rc<span class=\"_ _4\"></span>h<span class=\"_ _4\"></span> 20<span class=\"_ _4\"></span>31<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y20f2 w341 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Gunfleet Sands OFTO<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y20f2 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y20f2 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c x4ec y20f2 w327 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0</div><div class=\"t m1 x4eb h17 y1fa9 ff4 fsc fc0 sc0 ls0 ws0\">2</div></td><td class=\"t m1 x512 h8 y2145 ff4 fs0 fc0 sc0 ls13c ws13b\"> J<span class=\"_ _4\"></span>u<span class=\"_ _4\"></span>l<span class=\"_ _4\"></span>y 2<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>31<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y20f3 w342 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Barrow OFTO<span class=\"_ _208\"> </span></div></td><td class=\"c n x502 y20f3 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x503 y20f3 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c x511 y20f3 w340 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0</div><div class=\"t m1 x510 h17 y1f8f ff4 fsc fc0 sc0 ls0 ws0\">2</div></td><td class=\"t m1 x513 h8 y2146 ff4 fs0 fc0 sc0 ls67 ws63\"> March 2<span class=\"_ _6\"></span>030<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y20f4 w343 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Ormonde OFTO<span class=\"_ _208\"> </span></div></td><td class=\"c n x514 y20f4 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x515 y20f4 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c x517 y20f4 w344 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0</div><div class=\"t m1 x516 h17 y1fa9 ff4 fsc fc0 sc0 ls0 ws0\">2<span class=\"_ _208\"> </span></div></td><td class=\"t m1 x518 h8 y2147 ff4 fs0 fc0 sc0 ls78 ws72\">Ju<span class=\"_ _4\"></span>ly 2032<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y20f5 w345 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Lincs OFTO<span class=\"_ _208\"> </span></div></td><td class=\"c n x519 y20f5 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x51a y20f5 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x51b y20f5 w30c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x51c y20f5 w346 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">November 2<span class=\"_ _6\"></span>034<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f6 w347 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Westermost Rough OFTO<span class=\"_ _208\"> </span></div></td><td class=\"c n x51d y20f6 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x51e y20f6 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x51f y20f6 w30c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x520 y20f6 w348 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">February 2036<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f7 w183 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Dudgeon OFTO<span class=\"_ _208\"> </span></div></td><td class=\"c n x521 y20f7 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x522 y20f7 w329 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Ope<span class=\"_ _4\"></span>ra<span class=\"_ _2\"></span>tional<span class=\"_ _208\"> </span></div></td><td class=\"c n x523 y20f7 w310 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x524 y20f7 w349 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">November 2<span class=\"_ _6\"></span>038<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2117 w34a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Beatrice OFTO<span class=\"_ _208\"> </span></div></td><td class=\"c n x525 y2117 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x526 y2117 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x527 y2117 w30c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x528 y2117 w7a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls78 ws72\">A<span class=\"_ _4\"></span>pri<span class=\"_ _4\"></span>l 2045<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f9 w34b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Rampion OFTO<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y20f9 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y20f9 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c9 y20f9 w30c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x529 y20f9 w34c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">November 2<span class=\"_ _2\"></span>04<span class=\"_ _1\"></span>1<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20fa w34d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">East Anglia OFTO<span class=\"_ _208\"> </span></div></td><td class=\"c n x52a y20fa w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x52b y20fa w31c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">O<span class=\"_ _4\"></span>perat<span class=\"_ _6\"></span>ional<span class=\"_ _208\"> </span></div></td><td class=\"c n x52c y20fa w32c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x52d y20fa w322 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">December<span class=\"_ _6\"></span> 2044<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20fb w34e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Moray East OFTO<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e0 y20fb w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e1 y20fb w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e2 y20fb w30c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x52e y20fb w34f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">Sep<span class=\"_ _6\"></span>tember 2<span class=\"_ _6\"></span>04<span class=\"_ _6\"></span>7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x19f h2 y2148 ff1 fs0 fc0 sc0 ls0 ws0\">Building Schools for the Future Portfolio<span class=\"_ _208\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m1 x19f h8 y2149 ff4 fs0 fc0 sc0 ls0 ws0\">Minority Shareholdings in 17 </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y20fe w350 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Building Schools for the Future Pr<span class=\"_ _6\"></span>ojects<span class=\"_ _208\"> </span></div></td><td class=\"c n x52f y20fe w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x530 y20fe w329 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Ope<span class=\"_ _4\"></span>ra<span class=\"_ _2\"></span>tional<span class=\"_ _208\"> </span></div></td><td class=\"c n x531 y20fe w351 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsb0 wsb0\">V<span class=\"_ _6\"></span>ar<span class=\"_ _4\"></span>ious<span class=\"_ _208\"> </span></div></td><td class=\"c n x532 y20fe w352 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsb0 wsb0\">V<span class=\"_ _6\"></span>arious<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y211b w353 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Blackburn with Darwen Phase One<span class=\"_ _208\"> </span></div></td><td class=\"c n x502 y211b w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x503 y211b w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x533 y211b w354 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x534 y211b w355 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">Sep<span class=\"_ _2\"></span>tem<span class=\"_ _2\"></span>ber 2<span class=\"_ _6\"></span>036<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2100 w356 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Blackburn with Darwen Phase T<span class=\"_ _1\"></span>wo<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e0 y2100 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e1 y2100 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e2 y2100 w30c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x535 y2100 w355 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">Sep<span class=\"_ _2\"></span>tem<span class=\"_ _2\"></span>ber 2<span class=\"_ _6\"></span>039<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2101 w357 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Integrated Bradford SPV T<span class=\"_ _3\"></span>wo Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x536 y2101 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x537 y2101 w31c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">O<span class=\"_ _4\"></span>perat<span class=\"_ _6\"></span>ional<span class=\"_ _208\"> </span></div></td><td class=\"c n x538 y2101 w358 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa7 wsa8\">3<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.7<span class=\"_ _208\"> </span></div></td><td class=\"c n x539 y2101 w359 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">Sept<span class=\"_ _6\"></span>ember 203<span class=\"_ _1\"></span>7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2102 w35a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Derby City<span class=\"_ _208\"> </span></div></td><td class=\"c n x53a y2102 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x53b y2102 w321 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Op<span class=\"_ _4\"></span>era<span class=\"_ _2\"></span>tional<span class=\"_ _208\"> </span></div></td><td class=\"c n x53c y2102 w35b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">9<span class=\"_ _4\"></span>0.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x53d y2102 w35c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">August 2<span class=\"_ _6\"></span>037<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206c w35d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Durham Schools<span class=\"_ _208\"> </span></div></td><td class=\"c n x53e y206c w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x53f y206c w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x540 y206c w310 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x541 y206c w35e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa6 wsa7\">January 2<span class=\"_ _2\"></span>036<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2103 w35f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Ealing Schools Phase One<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y2103 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y2103 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x542 y2103 w360 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">8<span class=\"_ _4\"></span>0.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x543 y2103 w361 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls78 ws72\">M<span class=\"_ _4\"></span>arch<span class=\"_ _4\"></span> 2038<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206e w362 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Essex Phase T<span class=\"_ _3\"></span>wo<span class=\"_ _208\"> </span></div></td><td class=\"c n x544 y206e w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x545 y206e w32b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">O<span class=\"_ _4\"></span>perat<span class=\"_ _6\"></span>ional<span class=\"_ _208\"> </span></div></td><td class=\"c n x546 y206e w32c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x547 y206e w363 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">December<span class=\"_ _6\"></span> 2036<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2104 w364 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Hertfordshir<span class=\"_ _6\"></span>e Schools Phase One<span class=\"_ _208\"> </span></div></td><td class=\"c n x548 y2104 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x530 y2104 w329 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Ope<span class=\"_ _4\"></span>ra<span class=\"_ _2\"></span>tional<span class=\"_ _208\"> </span></div></td><td class=\"c n x549 y2104 w310 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x54a y2104 w315 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">August 203<span class=\"_ _6\"></span>7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w365 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Islington Phase One<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y1f44 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y1f44 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x542 y1f44 w360 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">9<span class=\"_ _4\"></span>0.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x54b y1f44 w315 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">August 2<span class=\"_ _6\"></span>034<span class=\"_ _208\"> </span></div></td></tr></table>1 <span class=\"_ _12\"> </span>Risk Capital includes<span class=\"_ _6\"></span> project-lev<span class=\"_ _2\"></span>el equity and/<span class=\"_ _6\"></span>or subordinat<span class=\"_ _2\"></span>ed shareholder deb<span class=\"_ _2\"></span>t.<span class=\"_ _208\"> </span>2 <span class=\"_ _11\"> </span>Inv<span class=\"_ _4\"></span>estm<span class=\"_ _4\"></span>ent c<span class=\"_ _4\"></span>onta<span class=\"_ _4\"></span>ins s<span class=\"_ _4\"></span>eni<span class=\"_ _4\"></span>or or m<span class=\"_ _4\"></span>ezz<span class=\"_ _4\"></span>ani<span class=\"_ _4\"></span>ne de<span class=\"_ _4\"></span>bt in ad<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ion to an<span class=\"_ _4\"></span>y Ris<span class=\"_ _4\"></span>k Capi<span class=\"_ _4\"></span>tal o<span class=\"_ _4\"></span>wne<span class=\"_ _4\"></span>rsh<span class=\"_ _4\"></span>ip sh<span class=\"_ _4\"></span>own.<span class=\"_ _208\"> </span><div class=\"gs177\"><table class=\"s w366 hcd\" id=\"_8847d6f2-5790-46a9-8375-b65e41e93034\"><tr><td></td><td></td><td class=\"t m1 x54c h14 y214a ff4 fsd fc0 sc0 ls0 ws0\">Status at </td><td class=\"t m1 x54d h14 y214a ff4 fsd fc0 sc0 ls0 ws0\">Per cent. Risk Capital<span class=\"_ _208\"> </span></td><td></td></tr><tr><td class=\"c n x19b y214b w306 h9a\"><div class=\"t m1 x19a h14 y2022 ff4 fsd fc0 sc0 ls0 ws0\">Investment Name<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c2 y214b w307 h9a\"><div class=\"t m1 x19a h14 y2022 ff4 fsd fc0 sc0 ls0 ws0\">Country<span class=\"_ _208\"> </span></div></td><td class=\"t m1 x452 h14 y214c ff4 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"c x54f y214b w367 h9a\"><div class=\"t m1 x19a h14 y2022 ff4 fsd fc0 sc0 ls0 ws0\">owned by the Group</div><div class=\"t m1 x54e h30 y214d ff4 fs1b fc0 sc0 ls0 ws0\">1<span class=\"_ _208\"> </span></div></td><td class=\"t m1 x392 h14 y214c ff4 fsd fc0 sc0 ls0 ws0\">Investment end<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y214e w368 h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Islington Phase T<span class=\"_ _3\"></span>wo<span class=\"_ _208\"> </span></div></td><td class=\"c n x550 y214e w2fc h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x551 y214e w32b h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">O<span class=\"_ _4\"></span>perat<span class=\"_ _6\"></span>ional<span class=\"_ _208\"> </span></div></td><td class=\"c n x552 y214e w35b h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">9<span class=\"_ _4\"></span>0.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x553 y214e w369 h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls78 ws72\">M<span class=\"_ _4\"></span>arch 20<span class=\"_ _4\"></span>39<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y214f w36a h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Lewisham Phase 1<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y214f w30a h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y214f w30b h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x542 y214f w360 h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">9<span class=\"_ _4\"></span>0.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x554 y214f w36b h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">Dec<span class=\"_ _2\"></span>ember 2<span class=\"_ _6\"></span>034<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2150 w36a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Lewisham Phase 2<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y2150 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y2150 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x542 y2150 w360 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">9<span class=\"_ _4\"></span>0.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x555 y2150 w36c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">August 2<span class=\"_ _2\"></span>03<span class=\"_ _2\"></span>7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2151 w36a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Lewisham Phase 3<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y2151 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y2151 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x542 y2151 w360 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">9<span class=\"_ _4\"></span>0.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x555 y2151 w36c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">August 2<span class=\"_ _2\"></span>03<span class=\"_ _2\"></span>7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2152 w36a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Lewisham Phase 4<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y2152 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y2152 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x556 y2152 w172 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa9 wsaa\">8<span class=\"_ _4\"></span>1.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x557 y2152 w36d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls78 ws72\">M<span class=\"_ _4\"></span>arch<span class=\"_ _4\"></span> 2038<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2153 w36e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Oldham Schools<span class=\"_ _208\"> </span></div></td><td class=\"c n x502 y2153 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x503 y2153 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x558 y2153 w36f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls6a ws66\">9<span class=\"_ _4\"></span>9.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x54a y2153 w315 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">August 203<span class=\"_ _6\"></span>7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2154 w370 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>ameside Schools One<span class=\"_ _208\"> </span></div></td><td class=\"c n x502 y2154 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x503 y2154 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x558 y2154 w35b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">4<span class=\"_ _4\"></span>6.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x559 y2154 w315 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">August 2<span class=\"_ _6\"></span>036<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2155 w371 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>ameside Schools T<span class=\"_ _1\"></span>wo<span class=\"_ _208\"> </span></div></td><td class=\"c n x55a y2155 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x55b y2155 w372 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x55c y2155 w373 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">46.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x55d y2155 w315 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">August 203<span class=\"_ _6\"></span>7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2156 w146 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Nottingham Schools One<span class=\"_ _208\"> </span></div></td><td class=\"c n x502 y2156 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x503 y2156 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x558 y2156 w35b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">9<span class=\"_ _4\"></span>0.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x559 y2156 w315 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">August 2<span class=\"_ _6\"></span>034<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2157 w374 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Nottingham Schools T<span class=\"_ _3\"></span>wo<span class=\"_ _208\"> </span></div></td><td class=\"c n x502 y2157 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x503 y2157 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x558 y2157 w35b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">9<span class=\"_ _4\"></span>0.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x559 y2157 w315 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">August 2<span class=\"_ _6\"></span>038<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2158 w375 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">South T<span class=\"_ _3\"></span>yneside and Gateshead Schools One<span class=\"_ _208\"> </span></div></td><td class=\"c n x502 y2158 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x503 y2158 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x55e y2158 w376 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa4 wsa5\">9<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>.1<span class=\"_ _208\"> </span></div></td><td class=\"c n x55f y2158 w377 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Oct<span class=\"_ _6\"></span>obe<span class=\"_ _4\"></span>r<span class=\"_ _6\"></span> 2034<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2159 w378 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">South T<span class=\"_ _3\"></span>yneside and Gateshead Schools T<span class=\"_ _1\"></span>wo<span class=\"_ _208\"> </span></div></td><td class=\"c n x560 y2159 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x561 y2159 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x562 y2159 w376 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa4 wsa5\">9<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>.1<span class=\"_ _208\"> </span></div></td><td class=\"c n x563 y2159 w379 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">Sept<span class=\"_ _6\"></span>ember 2<span class=\"_ _2\"></span>036<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y215a w37a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Southwark Phase One<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y215a w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y215a w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x542 y215a w360 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">9<span class=\"_ _4\"></span>0.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x564 y215a w37b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa6 wsa7\">Januar<span class=\"_ _4\"></span>y<span class=\"_ _2\"></span> 2036<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y215b w37c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Southwark Phase T<span class=\"_ _3\"></span>wo<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e0 y215b w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x565 y215b w372 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x566 y215b w35b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">9<span class=\"_ _4\"></span>0.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x567 y215b w37d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">Decemb<span class=\"_ _2\"></span>er 2<span class=\"_ _6\"></span>036<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y215c w37e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Wolverhampton Schools Phase One<span class=\"_ _208\"> </span></div></td><td class=\"c n x568 y215c w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x569 y215c w372 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x549 y215c w310 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x56a y215c w37f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">Sept<span class=\"_ _6\"></span>ember 203<span class=\"_ _1\"></span>7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y215d w380 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Wolverhampton Schools Phase T<span class=\"_ _3\"></span>wo<span class=\"_ _208\"> </span></div></td><td class=\"c n x56b y215d w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x56c y215d w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x56d y215d w30c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x56e y215d w2bd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">August 2040<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y215e w381 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Kent Schools<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y215e w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y215e w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x542 y215e w360 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">58<span class=\"_ _4\"></span>.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x54b y215e w382 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">August 2<span class=\"_ _2\"></span>035<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x1d4 h2 y215f ff1 fs0 fc0 sc0 ls0 ws0\">NHS LIFT Portfolio<span class=\"_ _208\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y2160 w383 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Beckenham Hospital<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y2160 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y2160 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x542 y2160 w384 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls6a ws66\">4<span class=\"_ _4\"></span>9.8<span class=\"_ _208\"> </span></div></td><td class=\"c n x56f y2160 w385 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">December<span class=\"_ _2\"></span> 203<span class=\"_ _2\"></span>3<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2161 w386 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Garland Road Health Centre<span class=\"_ _208\"> </span></div></td><td class=\"c n x570 y2161 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x571 y2161 w372 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x572 y2161 w384 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls6a ws66\">4<span class=\"_ _4\"></span>9.8<span class=\"_ _208\"> </span></div></td><td class=\"c n x573 y2161 w313 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">December<span class=\"_ _6\"></span> 203<span class=\"_ _6\"></span>1<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x1d4 h8 y2162 ff4 fs0 fc0 sc0 ls0 ws0\">Alexandra Avenue Primary Car<span class=\"_ _6\"></span>e Centre, Monks Park </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y2163 w387 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Health Centre (two pr<span class=\"_ _6\"></span>ojects)<span class=\"_ _208\"> </span></div></td><td class=\"c n x502 y2163 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x503 y2163 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x558 y2163 w36f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls6a ws66\">4<span class=\"_ _4\"></span>9.8<span class=\"_ _208\"> </span></div></td><td class=\"c n x574 y2163 w388 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">June 203<span class=\"_ _6\"></span>1<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x1d4 h8 y2164 ff4 fs0 fc0 sc0 ls0 ws0\">Gem Centre Bentley Bridge, Phoenix Centr<span class=\"_ _6\"></span>e </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y2165 w389 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">(two projects)<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y2165 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y2165 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x542 y2165 w384 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls6a ws66\">4<span class=\"_ _4\"></span>9.8<span class=\"_ _208\"> </span></div></td><td class=\"c n x56f y2165 w38a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">December<span class=\"_ _6\"></span> 2030<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2166 w38b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Sudbury Health Centre<span class=\"_ _208\"> </span></div></td><td class=\"c n x575 y2166 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4dd y2166 w31c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">O<span class=\"_ _4\"></span>perat<span class=\"_ _6\"></span>ional<span class=\"_ _208\"> </span></div></td><td class=\"c n x576 y2166 w38c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls6a ws66\">49.8<span class=\"_ _208\"> </span></div></td><td class=\"c n x577 y2166 w38d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">November 2<span class=\"_ _2\"></span>032<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2167 w38e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Mt V<span class=\"_ _6\"></span>ernon<span class=\"_ _208\"> </span></div></td><td class=\"c n x578 y2167 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x579 y2167 w32b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">O<span class=\"_ _4\"></span>perat<span class=\"_ _6\"></span>ional<span class=\"_ _208\"> </span></div></td><td class=\"c n x57a y2167 w38f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls6a ws66\">49.8<span class=\"_ _208\"> </span></div></td><td class=\"c n x57b y2167 w390 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">December 2<span class=\"_ _2\"></span>033<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2168 w391 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Lakeside<span class=\"_ _208\"> </span></div></td><td class=\"c n x57c y2168 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x57d y2168 w372 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x57e y2168 w384 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls6a ws66\">4<span class=\"_ _4\"></span>9.8<span class=\"_ _208\"> </span></div></td><td class=\"c n x57f y2168 w392 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Nov<span class=\"_ _6\"></span>e<span class=\"_ _4\"></span>mber 2<span class=\"_ _6\"></span>032<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x1d4 h8 y2169 ff4 fs0 fc0 sc0 ls0 ws0\">Fishponds Primary Care Centr<span class=\"_ _6\"></span>e, Hampton House </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y216a w387 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Health Centre (two pr<span class=\"_ _6\"></span>ojects)<span class=\"_ _208\"> </span></div></td><td class=\"c n x502 y216a w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x580 y216b w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x581 y216b w393 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls49 ws46\">3<span class=\"_ _4\"></span>3.4<span class=\"_ _208\"> </span></div></td><td class=\"c n x582 y216b w394 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa6 wsa7\">Jan<span class=\"_ _2\"></span>uary 203<span class=\"_ _6\"></span>1<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x1d4 h8 y216c ff4 fs0 fc0 sc0 ls0 ws0\">Shirehampton Primary Car<span class=\"_ _6\"></span>e Centre, Whitchurch </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y216d w395 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Primary Care Centr<span class=\"_ _6\"></span>e (two projects)<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y216d w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y216d w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x542 y216d w396 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls49 ws46\">3<span class=\"_ _4\"></span>3.4<span class=\"_ _208\"> </span></div></td><td class=\"c n x583 y216d w397 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls78 ws72\">M<span class=\"_ _4\"></span>ay 2032<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x1d4 h8 y216e ff4 fs0 fc0 sc0 ls0 ws0\">Blackbird Leys Health Centr<span class=\"_ _6\"></span>e, East Oxford Care </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y216f w398 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Centre (two pr<span class=\"_ _6\"></span>ojects)<span class=\"_ _208\"> </span></div></td><td class=\"c n x584 y216f w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x585 y216f w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x586 y216f w393 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls49 ws46\">33<span class=\"_ _4\"></span>.4<span class=\"_ _208\"> </span></div></td><td class=\"c n x587 y216f w399 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13c ws13b\">M<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>y 2<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>31<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2170 w39a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Brierley Hill<span class=\"_ _208\"> </span></div></td><td class=\"c n x588 y2170 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x589 y2170 w39b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">O<span class=\"_ _4\"></span>pera<span class=\"_ _2\"></span>tional<span class=\"_ _208\"> </span></div></td><td class=\"c n x58a y2170 w39c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13d ws13c\">3<span class=\"_ _4\"></span>4.5<span class=\"_ _208\"> </span></div></td><td class=\"c n x58b y2170 w39d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls78 ws72\">Apr<span class=\"_ _4\"></span>il 20<span class=\"_ _4\"></span>35<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x1d4 h8 y2171 ff4 fs0 fc0 sc0 ls0 ws0\">Ridge Hill Learning Disabilities Centre, Stourbridge </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m1 x1d4 h8 y2172 ff4 fs0 fc0 sc0 ls0 ws0\">Health &amp; Social Care Centr<span class=\"_ _6\"></span>e </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y20fe w389 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">(two projects)<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y20fe w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y20fe w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x542 y20fe w39c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13d ws13c\">3<span class=\"_ _4\"></span>4.3<span class=\"_ _208\"> </span></div></td><td class=\"c n x58c y20fe w39e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">October 2<span class=\"_ _6\"></span>031<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y211b w39f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Harrow NRC (thr<span class=\"_ _6\"></span>ee projects)<span class=\"_ _208\"> </span></div></td><td class=\"c n x502 y211b w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x503 y211b w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x558 y211b w36f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls6a ws66\">4<span class=\"_ _4\"></span>9.8<span class=\"_ _208\"> </span></div></td><td class=\"c n x574 y211b w3a0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">June<span class=\"_ _2\"></span> 2034<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2100 w3a1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Goscote Palliative Care Centr<span class=\"_ _6\"></span>e<span class=\"_ _208\"> </span></div></td><td class=\"c n x58d y2100 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x58e y2100 w372 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x58f y2100 w384 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls6a ws66\">4<span class=\"_ _4\"></span>9.8<span class=\"_ _208\"> </span></div></td><td class=\"c n x590 y2100 w346 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">No<span class=\"_ _6\"></span>vember 2035<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2101 w3a2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">South Bristol Community Hospital<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y2101 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y2101 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x542 y2101 w396 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls49 ws46\">3<span class=\"_ _4\"></span>3.4<span class=\"_ _208\"> </span></div></td><td class=\"c n x591 y2101 w3a3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">February 204<span class=\"_ _6\"></span>2<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2102 w3a4 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">East London LIFT Project One (four pr<span class=\"_ _6\"></span>ojects)<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e0 y2102 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x565 y2102 w372 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x566 y2102 w35b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">3<span class=\"_ _4\"></span>0.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x592 y2102 w39e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">October 2<span class=\"_ _6\"></span>030<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206c w3a5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">East London LIFT Project T<span class=\"_ _3\"></span>wo (three pr<span class=\"_ _2\"></span>ojects)<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e0 y206c w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x565 y206c w372 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x566 y206c w35b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">3<span class=\"_ _4\"></span>0.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x593 y206c w3a6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls135 ws9a\">A<span class=\"_ _4\"></span>pril 2<span class=\"_ _2\"></span>033<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x1d4 h8 y2173 ff4 fs0 fc0 sc0 ls0 ws0\">East London LIFT Project Thr<span class=\"_ _6\"></span>ee </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y206e w3a7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">(Newby Place)<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e4 y206e w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e5 y206e w321 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Ope<span class=\"_ _4\"></span>ra<span class=\"_ _2\"></span>tional<span class=\"_ _208\"> </span></div></td><td class=\"c n x594 y206e w3a8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">30.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x595 y206e w3a9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls6 ws7\">M<span class=\"_ _4\"></span>ay<span class=\"_ _4\"></span> 20<span class=\"_ _4\"></span>37<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206f w3aa h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">East London LIFT Project Four (two pr<span class=\"_ _6\"></span>ojects)<span class=\"_ _208\"> </span></div></td><td class=\"c n x596 y206f w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x597 y206f w321 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Ope<span class=\"_ _4\"></span>ra<span class=\"_ _2\"></span>tional<span class=\"_ _208\"> </span></div></td><td class=\"c n x598 y206f w3a8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">30.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x599 y206f w3ab h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">August<span class=\"_ _6\"></span> 2036<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w3ac h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Eltham Community Hospital<span class=\"_ _208\"> </span></div></td><td class=\"c n x59a y1f44 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x59b y1f44 w329 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Op<span class=\"_ _4\"></span>era<span class=\"_ _2\"></span>tional<span class=\"_ _208\"> </span></div></td><td class=\"c n x59c y1f44 w384 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls6a ws66\">49.<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td><td class=\"c n x564 y1f44 w37b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa6 wsa7\">Januar<span class=\"_ _4\"></span>y<span class=\"_ _2\"></span> 2040<span class=\"_ _208\"> </span></div></td></tr></table></div><div class=\"gsc3\"><table class=\"s w3ad hce\" id=\"_0208cada-eaab-4720-94aa-6cb16207681d\"><tr><td></td><td></td><td class=\"t m1 x3c5 h14 y2174 ff4 fsd fc0 sc0 ls0 ws0\">Status at </td><td class=\"t m1 x46b h14 y2174 ff4 fsd fc0 sc0 ls0 ws0\">Per cent. Risk Capital<span class=\"_ _208\"> </span></td><td></td></tr><tr><td class=\"c n x19b y2175 w306 h9a\"><div class=\"t m1 x19a h14 y2022 ff4 fsd fc0 sc0 ls0 ws0\">Investment Name<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c2 y2175 w307 h9a\"><div class=\"t m1 x19a h14 y2022 ff4 fsd fc0 sc0 ls0 ws0\">Country<span class=\"_ _208\"> </span></div></td><td class=\"t m1 x4c3 h14 y2176 ff4 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"c x4c5 y2175 w308 h9a\"><div class=\"t m1 x19a h14 y2022 ff4 fsd fc0 sc0 ls0 ws0\">owned by the Group</div><div class=\"t m1 x4c4 h30 y214d ff4 fs1b fc0 sc0 ls0 ws0\">1<span class=\"_ _208\"> </span></div></td><td class=\"t m1 x4c6 h14 y2176 ff4 fsd fc0 sc0 ls0 ws0\">Investment end<span class=\"_ _208\"> </span></td></tr><tr><td class=\"t m1 x19f h2 y2177 ff1 fs0 fc0 sc0 ls0 ws0\">Other UK<span class=\"_ _208\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y2178 w3ae h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Angel T<span class=\"_ _1\"></span>rains<span class=\"_ _208\"> </span></div></td><td class=\"c n x502 y2178 w2fc h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x503 y2178 w30f h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x59d y2178 w3af h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x59e y2178 w390 h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">December 2<span class=\"_ _2\"></span>058<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2179 w3b0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Tideway<span class=\"_ _208\"> </span></div></td><td class=\"c n x502 y2179 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x59f y2179 w3b1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Construction<span class=\"_ _208\"> </span></div></td><td class=\"c n x5a0 y2179 w3b2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa0 wsa1\">1<span class=\"_ _4\"></span>7.<span class=\"_ _5\"> </span>9<span class=\"_ _208\"> </span></div></td><td class=\"c n x5a1 y2179 w3b3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls63 ws5d\">M<span class=\"_ _5\"></span>a<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>h<span class=\"_ _5\"></span> 215<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y217a w3b4 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Cadent<span class=\"_ _208\"> </span></div></td><td class=\"c n x5a2 y217a w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x5a3 y217a w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x5a4 y217a w3b5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa0 wsa1\">7.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>5<span class=\"_ _208\"> </span></div></td><td class=\"c n x5a5 y217a w3b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">June 2069<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y217b w3b7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">National Digital Infrastructure Fund<span class=\"_ _208\"> </span></div></td><td class=\"c n x521 y217b w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x522 y217b w329 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Ope<span class=\"_ _4\"></span>ra<span class=\"_ _2\"></span>tional<span class=\"_ _208\"> </span></div></td><td class=\"c n x5a6 y217b w373 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">45.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5a7 y217b w3b8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa8 wsa9\">J<span class=\"_ _4\"></span>ul<span class=\"_ _4\"></span>y 2<span class=\"_ _4\"></span>027<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x19f h2 y217c ff1 fs0 fc0 sc0 ls0 ws0\">Australia<span class=\"_ _208\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y217d w2c2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Royal Melbourne Showgrounds<span class=\"_ _208\"> </span></div></td><td class=\"c n x5a8 y217d w3b9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls135 ws9a\">Australia<span class=\"_ _208\"> </span></div></td><td class=\"c n x5a9 y217d w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x31a y217d w317 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5aa y217d w3ab h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">August 203<span class=\"_ _6\"></span>1<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y217e w3ba h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Long Bay Forensic &amp; Prisons Hospital Pr<span class=\"_ _6\"></span>oject<span class=\"_ _208\"> </span></div></td><td class=\"c n x5ab y217e w3b9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls135 ws9a\">Australia<span class=\"_ _208\"> </span></div></td><td class=\"c n x5ac y217e w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x5ad y217e w310 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5ae y217e w3bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls17 ws18\">July 2034<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y217f w3bc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Reliance Rail<span class=\"_ _208\"> </span></div></td><td class=\"c n x5af y217f w3b9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls135 ws9a\">Australia<span class=\"_ _208\"> </span></div></td><td class=\"c n x597 y217f w321 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Ope<span class=\"_ _4\"></span>ra<span class=\"_ _2\"></span>tional<span class=\"_ _208\"> </span></div></td><td class=\"c n x598 y217f w3a8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">33.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5b0 y217f w3bd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsb0 wsb0\">Februar<span class=\"_ _4\"></span>y 2044<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2180 w3be h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Royal Children\u2019<span class=\"_ _3\"></span>s Hospital<span class=\"_ _208\"> </span></div></td><td class=\"c n x5b1 y2180 w3b9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls135 ws9a\">Australia<span class=\"_ _208\"> </span></div></td><td class=\"c n x5b2 y2180 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x5b3 y2180 w310 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x59e y2180 w38a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">December 2<span class=\"_ _6\"></span>036<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2181 w3bf h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Orange Hospital<span class=\"_ _208\"> </span></div></td><td class=\"c n x5b4 y2181 w3b9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls135 ws9a\">Australia<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e1 y2181 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e2 y2181 w30c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5b5 y2181 w3c0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">Decem<span class=\"_ _2\"></span>ber 2<span class=\"_ _6\"></span>035<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2182 w3c1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">NSW Schools<span class=\"_ _208\"> </span></div></td><td class=\"c n x5b6 y2182 w3c2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls135 ws9a\">Aust<span class=\"_ _2\"></span>ralia<span class=\"_ _208\"> </span></div></td><td class=\"c n x5b7 y2182 w321 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">O<span class=\"_ _4\"></span>pera<span class=\"_ _2\"></span>tional<span class=\"_ _208\"> </span></div></td><td class=\"c n x5b8 y2182 w3c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls2b ws2a\">25.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5b9 y2182 w38a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">December 2<span class=\"_ _6\"></span>035<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2183 w3c4 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Gold Coast Light Rail<span class=\"_ _208\"> </span></div></td><td class=\"c n x5ba y2183 w3b9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls135 ws9a\">Australia<span class=\"_ _208\"> </span></div></td><td class=\"c n x5bb y2183 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x5bc y2183 w3a8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">30.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5bd y2183 w3c5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">May 2029<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2184 w3c6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Victoria Schools T<span class=\"_ _3\"></span>wo<span class=\"_ _208\"> </span></div></td><td class=\"c n x5be y2184 w3b9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls135 ws9a\">Australia<span class=\"_ _208\"> </span></div></td><td class=\"c n x503 y2184 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x533 y2184 w354 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5bf y2184 w3c7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">December 2<span class=\"_ _6\"></span>042<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2185 w3c8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Flinders University<span class=\"_ _208\"> </span></div></td><td class=\"c n x5c0 y2185 w3b9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls135 ws9a\">Australia<span class=\"_ _208\"> </span></div></td><td class=\"c n x5c1 y2185 w32b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">O<span class=\"_ _4\"></span>perat<span class=\"_ _6\"></span>ional<span class=\"_ _208\"> </span></div></td><td class=\"c n x5c2 y2185 w32c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5c3 y2185 w3c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls76 ws31\">M<span class=\"_ _4\"></span>arch 2049<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x19f h2 y2186 ff1 fs0 fc0 sc0 ls8 ws9\">New<span class=\"_ _6\"></span> Zealand<span class=\"_ _208\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y2187 w3ca h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">NZ Schools 1<span class=\"_ _208\"> </span></div></td><td class=\"c n x5c4 y2187 w3cb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls7 ws8\">New Z<span class=\"_ _6\"></span>ealand<span class=\"_ _208\"> </span></div></td><td class=\"c n x53f y2187 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x540 y2187 w310 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5c5 y2187 w363 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">December 2<span class=\"_ _6\"></span>038<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2188 w3ca h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">NZ Schools 2<span class=\"_ _208\"> </span></div></td><td class=\"c n x5c4 y2188 w3cb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls7 ws8\">New Z<span class=\"_ _6\"></span>ealand<span class=\"_ _208\"> </span></div></td><td class=\"c n x53f y2188 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x540 y2188 w310 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5c6 y2188 w3cc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">Decemb<span class=\"_ _2\"></span>er 2<span class=\"_ _6\"></span>042<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2189 w3ca h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">NZ Schools 3<span class=\"_ _208\"> </span></div></td><td class=\"c n x5c4 y2189 w3cb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls7 ws8\">New Z<span class=\"_ _6\"></span>ealand<span class=\"_ _208\"> </span></div></td><td class=\"c n x53f y2189 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x540 y2189 w310 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5c5 y2189 w363 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">December 2<span class=\"_ _6\"></span>043<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y218a w3cd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Auckland Prison<span class=\"_ _208\"> </span></div></td><td class=\"c n x5c7 y218a w3ce h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls7 ws8\">New Z<span class=\"_ _6\"></span>ealand<span class=\"_ _208\"> </span></div></td><td class=\"c n x5c8 y218a w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x5c9 y218a w317 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5ca y218a w3cf h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">June 20<span class=\"_ _2\"></span>43<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y218b w3d0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">ASV<span class=\"_ _208\"> </span></div></td><td class=\"c n x5c4 y218b w3cb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls7 ws8\">New Z<span class=\"_ _6\"></span>ealand<span class=\"_ _208\"> </span></div></td><td class=\"c n x53f y218b w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x540 y218b w310 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5cb y218b w3d1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">October<span class=\"_ _2\"></span> 2093<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x19f h2 y218c ff1 fs0 fc0 sc0 ls0 ws0\">North America<span class=\"_ _208\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y218d w3d2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Alberta Schools<span class=\"_ _208\"> </span></div></td><td class=\"c n x5cc y218d w3d3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls103 ws79\">Canada<span class=\"_ _208\"> </span></div></td><td class=\"c n x5cd y218d w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x4f0 y218d w310 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5ce y218d w3d4 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">June 2040<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y218e w3d5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Durham Courts<span class=\"_ _208\"> </span></div></td><td class=\"c n x5cf y218e w3d3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls103 ws79\">Canada<span class=\"_ _208\"> </span></div></td><td class=\"c n x5d0 y218e w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x5d1 y218e w354 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5d2 y218e w346 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">November 2<span class=\"_ _6\"></span>039<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y218f w3d6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">FHSP<span class=\"_ _208\"> </span></div></td><td class=\"c n x575 y218f w1be h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls19 ws1a\">US<span class=\"_ _208\"> </span></div></td><td class=\"c n x59b y218f w329 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Op<span class=\"_ _4\"></span>era<span class=\"_ _2\"></span>tional<span class=\"_ _208\"> </span></div></td><td class=\"c n x5d3 y218f w3d7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>2<span class=\"_ _208\"> </span></div></td><td class=\"c n x5d4 y218f w3d8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">O<span class=\"_ _4\"></span>ct<span class=\"_ _6\"></span>ober 205<span class=\"_ _6\"></span>2<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x19f h2 y2190 ff1 fs0 fc0 sc0 ls0 ws0\">Europe (excl. UK)<span class=\"_ _208\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y2191 w36e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Diabolo Rail Link<span class=\"_ _208\"> </span></div></td><td class=\"c n x3f9 y2191 w3d9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsb0 wsb0\">Belgium<span class=\"_ _208\"> </span></div></td><td class=\"c n x52b y2191 w31c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">O<span class=\"_ _4\"></span>perat<span class=\"_ _6\"></span>ional<span class=\"_ _208\"> </span></div></td><td class=\"c n x52c y2191 w32c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5d5 y2191 w3da h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">June<span class=\"_ _6\"></span> 204<span class=\"_ _6\"></span>7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2192 w3db h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Dublin Courts<span class=\"_ _208\"> </span></div></td><td class=\"c n x5d6 y2192 w3dc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls77 ws7c\">Ire<span class=\"_ _4\"></span>land<span class=\"_ _208\"> </span></div></td><td class=\"c n x5d7 y2192 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x2ea y2192 w310 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5d8 y2192 w3dd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">February 203<span class=\"_ _2\"></span>5<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2193 w3de h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">BeNEX<span class=\"_ _208\"> </span></div></td><td class=\"c n x5d9 y2193 w3df h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">Germany<span class=\"_ _208\"> </span></div></td><td class=\"c n x5da y2193 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x5db y2193 w30c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5dc y2193 w3c0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">Decem<span class=\"_ _2\"></span>ber 2<span class=\"_ _6\"></span>049<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x19f h8 y2194 ff4 fs0 fc0 sc0 ls0 ws0\">Federal German Ministry of Education and Research </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y2195 w3e0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Headquarters<span class=\"_ _208\"> </span></div></td><td class=\"c n x5dd y2195 w3df h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">Germany<span class=\"_ _208\"> </span></div></td><td class=\"c n x5de y2195 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x5df y2195 w35b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">9<span class=\"_ _4\"></span>8.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5e0 y2195 w3e1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13b ws139\">J<span class=\"_ _4\"></span>u<span class=\"_ _5\"></span>l<span class=\"_ _4\"></span>y<span class=\"_ _5\"></span> 2<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>41<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2102 w3e2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Pforzheim Schools<span class=\"_ _208\"> </span></div></td><td class=\"c n x5e1 y2102 w3df h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">Germany<span class=\"_ _208\"> </span></div></td><td class=\"c n x515 y2102 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x5e2 y2102 w35b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">9<span class=\"_ _4\"></span>8.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5e3 y2102 w325 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">Sept<span class=\"_ _6\"></span>ember 2<span class=\"_ _6\"></span>039<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206c w3e3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Offenbach Police Centr<span class=\"_ _6\"></span>e<span class=\"_ _208\"> </span></div></td><td class=\"c n x5e4 y206c w3df h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">Germany<span class=\"_ _208\"> </span></div></td><td class=\"c n x5e5 y206c w3e4 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Construction<span class=\"_ _208\"> </span></div></td><td class=\"c n x5e6 y206c w373 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">45.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5e7 y206c w3e5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">June 2<span class=\"_ _2\"></span>050<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2103 w3e6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Hobro Court<span class=\"_ _208\"> </span></div></td><td class=\"c n x5e8 y2103 w3e7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa6 wsa7\">Denmark<span class=\"_ _208\"> </span></div></td><td class=\"c n x545 y2103 w32b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">O<span class=\"_ _4\"></span>perat<span class=\"_ _6\"></span>ional<span class=\"_ _208\"> </span></div></td><td class=\"c n x5e9 y2103 w358 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa7 wsa8\">6<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>.7<span class=\"_ _208\"> </span></div></td><td class=\"c n x5ea y2103 w3e8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">December 2<span class=\"_ _6\"></span>02<span class=\"_ _6\"></span>7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206e w3e9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Randers Hospital Parking Facility<span class=\"_ _208\"> </span></div></td><td class=\"c n x5eb y206e w3ea h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa6 wsa7\">Denmark<span class=\"_ _208\"> </span></div></td><td class=\"c n x5ec y206e w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x5ed y206e w3eb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa7 wsa8\">6<span class=\"_ _4\"></span>6.7<span class=\"_ _208\"> </span></div></td><td class=\"c n x5ee y206e w3ec h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13b ws139\">A<span class=\"_ _5\"></span>p<span class=\"_ _4\"></span>r<span class=\"_ _5\"></span>i<span class=\"_ _4\"></span>l<span class=\"_ _5\"></span> 2<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>41<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2104 w3ed h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u00d8rsted School<span class=\"_ _208\"> </span></div></td><td class=\"c n x5ef y2104 w3ea h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa6 wsa7\">Denmark<span class=\"_ _208\"> </span></div></td><td class=\"c n x5f0 y2104 w3ee h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">O<span class=\"_ _4\"></span>perat<span class=\"_ _6\"></span>iona<span class=\"_ _4\"></span>l<span class=\"_ _208\"> </span></div></td><td class=\"c n x5f1 y2104 w358 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa7 wsa8\">6<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>.7<span class=\"_ _208\"> </span></div></td><td class=\"c n x5f2 y2104 w3b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">June 2038<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w3ef h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Vildbjerg School<span class=\"_ _208\"> </span></div></td><td class=\"c n x5f3 y1f44 w3ea h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa6 wsa7\">Denmark<span class=\"_ _208\"> </span></div></td><td class=\"c n x5f4 y1f44 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x598 y1f44 w3f0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa7 wsa8\">6<span class=\"_ _5\"></span>6.7<span class=\"_ _208\"> </span></div></td><td class=\"c n x5f5 y1f44 w3c0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">Decemb<span class=\"_ _2\"></span>er 2<span class=\"_ _6\"></span>036<span class=\"_ _208\"> </span></div></td></tr></table></div><div class=\"t m1 h14 ff4 fsd fc0 sc0 ls23 ws22 gs1fe\">1 <span class=\"_ _12\"> </span>Risk Capital includes<span class=\"_ _6\"></span> project-lev<span class=\"_ _2\"></span>el equity and/<span class=\"_ _6\"></span>or subordinat<span class=\"_ _2\"></span>ed shareholder deb<span class=\"_ _2\"></span>t.<span class=\"_ _208\"> </span></div><div class=\"t m1 h14 ff4 fsd fc0 sc0 ls0 ws0 gs1ff\">2 <span class=\"_ _11\"> </span>Inv<span class=\"_ _4\"></span>estm<span class=\"_ _4\"></span>ent c<span class=\"_ _4\"></span>onta<span class=\"_ _4\"></span>ins s<span class=\"_ _4\"></span>eni<span class=\"_ _4\"></span>or or m<span class=\"_ _4\"></span>ezz<span class=\"_ _4\"></span>ani<span class=\"_ _4\"></span>ne de<span class=\"_ _4\"></span>bt in ad<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ion to an<span class=\"_ _4\"></span>y Ris<span class=\"_ _4\"></span>k Capi<span class=\"_ _4\"></span>tal o<span class=\"_ _4\"></span>wne<span class=\"_ _4\"></span>rsh<span class=\"_ _4\"></span>ip sh<span class=\"_ _4\"></span>own.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-181": {
   "value": "<div class=\"t m1 h2 ff1 fs0 fc3 sc0 ls0 ws0 gs187\">13. <span class=\"_ _119\"> </span>T<span class=\"_ _4\"></span>RA<span class=\"_ _4\"></span>DE AN<span class=\"_ _4\"></span>D OTHE<span class=\"_ _4\"></span>R REC<span class=\"_ _4\"></span>EI<span class=\"_ _4\"></span>V<span class=\"_ _6\"></span>A<span class=\"_ _4\"></span>BLE<span class=\"_ _4\"></span>S<span class=\"_ _208\"> </span></div><div class=\"gs188\"><table class=\"s w162 hbd\" id=\"_b898c77e-9d67-4e8a-8743-29e3e4aef612\"><tr><td></td><td class=\"t m1 x220 h2b y20a9 ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x221 h14 y20a9 ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"t m1 x1ce h2b y20aa ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x1cf h14 y20aa ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y1f3f w268 h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Accrued interest r<span class=\"_ _6\"></span>eceivable<span class=\"_ _208\"> </span></div></td><td class=\"c n x41d y1f3f w1f2 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls6 ws7\">5<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>613<span class=\"_ _208\"> </span></div></td><td class=\"c n x41e y1f3f w269 h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13b ws139\">41,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>13<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f54 w26a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Other debtors<span class=\"_ _208\"> </span></div></td><td class=\"c n x41f y1f54 w26b h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls117 ws10f\">1,1<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>7<span class=\"_ _208\"> </span></div></td><td class=\"c n x420 y1f54 w196 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa9 wsaa\">1,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>4<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w26c h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal trade and other receivables<span class=\"_ _208\"> </span></div></td><td class=\"c n x309 y1f44 w10d h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls6a ws66\">5<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>,8<span class=\"_ _4\"></span>10<span class=\"_ _208\"> </span></div></td><td class=\"c n x255 y1f44 w175 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls128 ws125\">4<span class=\"_ _4\"></span>3,<span class=\"_ _4\"></span>297</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-223": {
   "value": "13. <span class=\"_ _119\"> </span>T<span class=\"_ _4\"></span>RA<span class=\"_ _4\"></span>DE AN<span class=\"_ _4\"></span>D OTHE<span class=\"_ _4\"></span>R REC<span class=\"_ _4\"></span>EI<span class=\"_ _4\"></span>V<span class=\"_ _6\"></span>A<span class=\"_ _4\"></span>BLE<span class=\"_ _4\"></span>S<span class=\"_ _208\"> </span><table class=\"s w162 hbd\" id=\"_b898c77e-9d67-4e8a-8743-29e3e4aef612\"><tr><td></td><td class=\"t m1 x220 h2b y20a9 ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x221 h14 y20a9 ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"t m1 x1ce h2b y20aa ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x1cf h14 y20aa ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y1f3f w268 h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Accrued interest r<span class=\"_ _6\"></span>eceivable<span class=\"_ _208\"> </span></div></td><td class=\"c n x41d y1f3f w1f2 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls6 ws7\">5<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>613<span class=\"_ _208\"> </span></div></td><td class=\"c n x41e y1f3f w269 h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13b ws139\">41,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>13<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f54 w26a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Other debtors<span class=\"_ _208\"> </span></div></td><td class=\"c n x41f y1f54 w26b h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls117 ws10f\">1,1<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>7<span class=\"_ _208\"> </span></div></td><td class=\"c n x420 y1f54 w196 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa9 wsaa\">1,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>8<span class=\"_ _5\"></span>4<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w26c h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal trade and other receivables<span class=\"_ _208\"> </span></div></td><td class=\"c n x309 y1f44 w10d h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls6a ws66\">5<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>,8<span class=\"_ _4\"></span>10<span class=\"_ _208\"> </span></div></td><td class=\"c n x255 y1f44 w175 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls128 ws125\">4<span class=\"_ _4\"></span>3,<span class=\"_ _4\"></span>297</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-182": {
   "value": "<div class=\"t m1 h2 ff1 fs0 fc3 sc0 ls0 ws0 gs18a\">1<span class=\"_ _6\"></span>4<span class=\"_ _4\"></span>. <span class=\"_ _119\"> </span>T<span class=\"_ _4\"></span>RA<span class=\"_ _4\"></span>DE AN<span class=\"_ _4\"></span>D OTHE<span class=\"_ _4\"></span>R P<span class=\"_ _6\"></span>A<span class=\"_ _6\"></span>YABLE<span class=\"_ _4\"></span>S<span class=\"_ _208\"> </span></div><div class=\"gs188\"><table class=\"s w162 hbe\" id=\"_62419151-e76d-4f51-8e0a-78ed36311e3a\"><tr><td></td><td class=\"t m1 x220 h2b y20ab ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x221 h14 y20ab ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"t m1 x1ce h2b y20ac ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x1cf h14 y20ac ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y1f3f w26d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Accrued management fee<span class=\"_ _208\"> </span></div></td><td class=\"c n x421 y1f3f w250 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls25 ws24\">8<span class=\"_ _4\"></span>,77<span class=\"_ _4\"></span>3<span class=\"_ _208\"> </span></div></td><td class=\"c n x422 y1f3f w18e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls58 ws53\">9,8<span class=\"_ _4\"></span>20<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f54 w26e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Other creditors and accruals<span class=\"_ _208\"> </span></div></td><td class=\"c n x423 y1f54 w26f h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls129 ws126\">3,<span class=\"_ _1\"></span>1<span class=\"_ _6\"></span>49<span class=\"_ _208\"> </span></div></td><td class=\"c n x424 y1f54 w196 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa9 wsaa\">1,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w270 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal trade and other payables<span class=\"_ _208\"> </span></div></td><td class=\"c n x20b y1f44 w96 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls10d ws105\">11<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>2<span class=\"_ _208\"> </span></div></td><td class=\"c n x20c y1f44 w97 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">11<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"> </span>4<span class=\"_ _4\"></span>7</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-226": {
   "value": "1<span class=\"_ _6\"></span>4<span class=\"_ _4\"></span>. <span class=\"_ _119\"> </span>T<span class=\"_ _4\"></span>RA<span class=\"_ _4\"></span>DE AN<span class=\"_ _4\"></span>D OTHE<span class=\"_ _4\"></span>R P<span class=\"_ _6\"></span>A<span class=\"_ _6\"></span>YABLE<span class=\"_ _4\"></span>S<span class=\"_ _208\"> </span><table class=\"s w162 hbe\" id=\"_62419151-e76d-4f51-8e0a-78ed36311e3a\"><tr><td></td><td class=\"t m1 x220 h2b y20ab ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x221 h14 y20ab ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"t m1 x1ce h2b y20ac ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x1cf h14 y20ac ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y1f3f w26d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Accrued management fee<span class=\"_ _208\"> </span></div></td><td class=\"c n x421 y1f3f w250 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls25 ws24\">8<span class=\"_ _4\"></span>,77<span class=\"_ _4\"></span>3<span class=\"_ _208\"> </span></div></td><td class=\"c n x422 y1f3f w18e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls58 ws53\">9,8<span class=\"_ _4\"></span>20<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f54 w26e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Other creditors and accruals<span class=\"_ _208\"> </span></div></td><td class=\"c n x423 y1f54 w26f h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls129 ws126\">3,<span class=\"_ _1\"></span>1<span class=\"_ _6\"></span>49<span class=\"_ _208\"> </span></div></td><td class=\"c n x424 y1f54 w196 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa9 wsaa\">1,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w270 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal trade and other payables<span class=\"_ _208\"> </span></div></td><td class=\"c n x20b y1f44 w96 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls10d ws105\">11<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>2<span class=\"_ _208\"> </span></div></td><td class=\"c n x20c y1f44 w97 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">11<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"> </span>4<span class=\"_ _4\"></span>7</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-200": {
   "value": "1<span class=\"_ _6\"></span>4<span class=\"_ _4\"></span>. <span class=\"_ _119\"> </span>T<span class=\"_ _4\"></span>RA<span class=\"_ _4\"></span>DE AN<span class=\"_ _4\"></span>D OTHE<span class=\"_ _4\"></span>R P<span class=\"_ _6\"></span>A<span class=\"_ _6\"></span>YABLE<span class=\"_ _4\"></span>S<span class=\"_ _208\"> </span><table class=\"s w162 hbe\" id=\"_62419151-e76d-4f51-8e0a-78ed36311e3a\"><tr><td></td><td class=\"t m1 x220 h2b y20ab ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x221 h14 y20ab ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"t m1 x1ce h2b y20ac ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x1cf h14 y20ac ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y1f3f w26d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Accrued management fee<span class=\"_ _208\"> </span></div></td><td class=\"c n x421 y1f3f w250 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls25 ws24\">8<span class=\"_ _4\"></span>,77<span class=\"_ _4\"></span>3<span class=\"_ _208\"> </span></div></td><td class=\"c n x422 y1f3f w18e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls58 ws53\">9,8<span class=\"_ _4\"></span>20<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f54 w26e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Other creditors and accruals<span class=\"_ _208\"> </span></div></td><td class=\"c n x423 y1f54 w26f h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls129 ws126\">3,<span class=\"_ _1\"></span>1<span class=\"_ _6\"></span>49<span class=\"_ _208\"> </span></div></td><td class=\"c n x424 y1f54 w196 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa9 wsaa\">1,<span class=\"_ _4\"></span>2<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w270 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal trade and other payables<span class=\"_ _208\"> </span></div></td><td class=\"c n x20b y1f44 w96 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls10d ws105\">11<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>2<span class=\"_ _208\"> </span></div></td><td class=\"c n x20c y1f44 w97 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">11<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>0<span class=\"_ _5\"> </span>4<span class=\"_ _4\"></span>7</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-183": {
   "value": "<div class=\"t m1 h2 ff1 fs0 fc3 sc0 ls8 ws9 gs18c\">1<span class=\"_ _6\"></span>5. <span class=\"_ _119\"> </span>SHARE CAP<span class=\"_ _6\"></span>IT<span class=\"_ _6\"></span>AL AND<span class=\"_ _6\"></span> RESERVES<span class=\"_ _208\"> </span></div><div class=\"gs188\"><table class=\"s w271 hbf\" id=\"_07aa77da-f362-463a-bf05-d49a74bd4f91\"><tr><td></td><td class=\"t m1 x21e h2b y20ad ff1 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended </td><td class=\"t m1 x21f h14 y20ae ff4 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended </td></tr><tr><td></td><td class=\"t m1 x220 h2b y20af ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024 </td><td class=\"t m1 x221 h14 y20b0 ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"t m1 x425 h2b y20b1 ff1 fsd fc0 sc0 ls0 ws0\">shares </td><td class=\"t m1 x426 h14 y20b2 ff4 fsd fc0 sc0 ls0 ws0\">shares<span class=\"_ _208\"> </span></td></tr><tr><td class=\"t m1 x1d4 h14 y20b3 ff4 fsd fc0 sc0 ls0 ws0\">Shares authorised and in issue </td><td class=\"t m1 x427 h2b y20b4 ff1 fsd fc0 sc0 ls0 ws0\">\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x428 h14 y20b5 ff4 fsd fc0 sc0 ls0 ws0\">\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y1fae w272 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Shares in issue<span class=\"_ _208\"> </span></div></td><td class=\"c n x429 y1fae w273 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa3 wsa4\">1<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>7<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>3<span class=\"_ _208\"> </span></div></td><td class=\"c n x42a y1fae w111 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa9 wsaa\">1,<span class=\"_ _4\"></span>911,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>3<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f54 w274 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Shares held in tr<span class=\"_ _6\"></span>easury<span class=\"_ _208\"> </span></div></td><td class=\"c n x42b y1f54 w275 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls121 ws11a\">33,95<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x42c y1f54 w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w276 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">Opening and closing balance<span class=\"_ _208\"> </span></div></td><td class=\"c n x42d y1f44 w277 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa5 wsa6\">1,<span class=\"_ _4\"></span>911,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>3<span class=\"_ _208\"> </span></div></td><td class=\"c n x42e y1f44 w278 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa9 wsaa\">1,<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>11,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>3<span class=\"_ _208\"> </span></div></td></tr></table></div><div class=\"gs18d\"><table class=\"s w279 hc0\" id=\"_64045d00-d077-40b8-a79b-8c2bd0c3e31b\"><tr><td></td><td class=\"t m1 x21e h2b y20b6 ff1 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended </td><td class=\"t m1 x21f h14 y20b7 ff4 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended </td></tr><tr><td></td><td class=\"t m1 x220 h2b y20b8 ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x221 h14 y20b9 ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td class=\"t m1 x1d4 h14 y20ba ff4 fsd fc0 sc0 ls0 ws0\">Share capital<span class=\"_ _208\"> </span></td><td class=\"t m1 x1ce h2b y20bb ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x1cf h14 y20bc ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y1f44 w27a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Opening and closing balance<span class=\"_ _208\"> </span></div></td><td class=\"c n x42f y1f44 w68 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls10f ws107\">2,23<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>,27<span class=\"_ _6\"></span>6<span class=\"_ _208\"> </span></div></td><td class=\"c n x430 y1f44 w27b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls39 ws36\">2,23<span class=\"_ _1\"></span>1<span class=\"_ _6\"></span>,27<span class=\"_ _6\"></span>6<span class=\"_ _208\"> </span></div></td></tr></table></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs18e\">At present, the Company has one class of Or<span class=\"_ _6\"></span>dinary Shares with a par value of 0.01p which carry no right to fixed income.<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs18f\">During the year to 31 December 2024, 34.0m shares have been acquir<span class=\"_ _6\"></span>ed as part of the Company\u2019<span class=\"_ _1\"></span>s share buyback programme, and as at </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs190\">31 December 2024 are held in tr<span class=\"_ _6\"></span>easury<span class=\"_ _6\"></span>. </div><div class=\"gs191\"><table class=\"s w1d9 hc1\" id=\"_15b760c6-9912-4d18-8ea7-c3d23742984c\"><tr><td></td><td></td><td></td><td class=\"t m1 x21e h2b y20bd ff1 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended </td><td class=\"t m1 x21f h14 y20be ff4 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended </td></tr><tr><td></td><td></td><td></td><td class=\"t m1 x220 h2b y20bf ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x221 h14 y20c0 ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td class=\"t m1 x1d4 h14 y20c1 ff4 fsd fc0 sc0 ls0 ws0\">Other distributable reserve<span class=\"_ _208\"> </span></td><td></td><td></td><td class=\"t m1 x1ce h2b y20c2 ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x1cf h14 y20c3 ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y2086 w27c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Balance at 1 January<span class=\"_ _208\"> </span></div></td><td></td><td></td><td class=\"c n x431 y2086 w27d h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls49 ws46\">182<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>81<span class=\"_ _208\"> </span></div></td><td class=\"c n x432 y2086 w78 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls7a ws74\">18<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>,4<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>1<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1fec w27e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Acquisition of treasury shar<span class=\"_ _6\"></span>es<span class=\"_ _208\"> </span></div></td><td></td><td></td><td class=\"c n x433 y1fec w27f h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls118 ws110\">(<span class=\"_ _6\"></span>43,086)<span class=\"_ _208\"> </span></div></td><td class=\"c n x241 y1fec w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1fdd w280 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Costs associated with acquisition of treasury shar<span class=\"_ _6\"></span>es<span class=\"_ _208\"> </span></div></td><td></td><td></td><td class=\"c n x434 y1fdd w281 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls33 ws9c\">(4<span class=\"_ _4\"></span>4)<span class=\"_ _208\"> </span></div></td><td class=\"c n x241 y1fdd w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f54 w282 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Movement in the year<span class=\"_ _208\"> </span></div></td><td class=\"c n x435 y1f54 w283 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls117 ws10f\">(<span class=\"_ _4\"></span>4<span class=\"_ _208\"> </span></div></td><td class=\"c n x436 y1f54 w284 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls117 ws10f\">3<span class=\"_ _5\"></span>,13<span class=\"_ _208\"> </span></div></td><td class=\"c n x437 y1f54 w285 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls117 ws10f\">0<span class=\"_ _5\"></span>)<span class=\"_ _208\"> </span></div></td><td class=\"c n x438 y1f54 w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w1f3 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">Balance at 31 December<span class=\"_ _208\"> </span></div></td><td></td><td></td><td class=\"c n x439 y1f44 w73 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls6 ws7\">13<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>,3<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>1<span class=\"_ _208\"> </span></div></td><td class=\"c n x43a y1f44 w286 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls7a ws74\">18<span class=\"_ _4\"></span>2,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>81<span class=\"_ _208\"> </span></div></td></tr></table></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs192\">On 19 January 2007, the Company applied to the Royal Court of Guernsey<span class=\"_ _1\"></span>, following the initial placing of shares, to reduce its shar<span class=\"_ _2\"></span>e </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs193\">premium account. This was in or<span class=\"_ _6\"></span>der to provide a distributable reserve to enable the Company to repur<span class=\"_ _6\"></span>chase its shares if and when the </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs194\">Board<span class=\"_ gs66\"> </span>of Dir<span class=\"_ _6\"></span>ectors consider it beneficial to do so. Following court approval, the distributable reserve account was created.<span class=\"_ _208\"> </span></div><div class=\"gs195\"><table class=\"s w287 hb3\" id=\"_208fd235-85df-443a-bdb1-7fea956c43ea\"><tr><td></td><td class=\"t m1 x220 h2b y20c4 ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x221 h14 y20c4 ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td class=\"t m1 x1d4 h14 y20c5 ff4 fsd fc0 sc0 ls0 ws0\">Retained earnings<span class=\"_ _208\"> </span></td><td class=\"t m1 x1ce h2b y20c5 ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x1cf h14 y20c5 ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y1f27 w27c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Balance at 1 January<span class=\"_ _208\"> </span></div></td><td class=\"c n x43b y1f27 w288 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls69 ws65\">502,381<span class=\"_ _208\"> </span></div></td><td class=\"c n x43c y1f27 w289 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsad wsad\">626,0<span class=\"_ _4\"></span>82<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1fae w199 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Net profit for the year<span class=\"_ _208\"> </span></div></td><td class=\"c n x43d y1fae w61 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls112 ws10b\">465<span class=\"_ _208\"> </span></div></td><td class=\"c n x1aa y1fae w62 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls111 ws109\">2<span class=\"_ _5\"> </span>7,<span class=\"_ _d\"> </span>8<span class=\"_ _5\"> </span>6<span class=\"_ _5\"></span>1<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c x19b y1f54 w28a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Dividends paid</div><div class=\"t m1 x43e h17 y1f8f ff4 fsc fc0 sc0 ls0 ws0\">1<span class=\"_ _208\"> </span></div></td><td class=\"c n x1e1 y1f54 w70 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa8 wsa9\">(15<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td><td class=\"c n x43f y1f54 wca h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa9 wsaa\">(<span class=\"_ _4\"></span>151,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w1f3 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">Balance at 31 December<span class=\"_ _208\"> </span></div></td><td class=\"c n x440 y1f44 w74 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls118 ws110\">345,99<span class=\"_ _6\"></span>7<span class=\"_ _208\"> </span></div></td><td class=\"c n x441 y1f44 w7f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls114 ws10c\">5<span class=\"_ _4\"></span>02<span class=\"_ _4\"></span>,3<span class=\"_ _4\"></span>81<span class=\"_ _208\"> </span></div></td></tr></table></div><div class=\"t m1 h14 ff4 fsd fc0 sc0 ls0 ws0 gs196\">1   I<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>s scr<span class=\"_ _4\"></span>ip ele<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt of \u00a3 ni<span class=\"_ _4\"></span>l in 2024 (De<span class=\"_ _4\"></span>cem<span class=\"_ _4\"></span>ber 2<span class=\"_ _4\"></span>023: \u00a3 nil<span class=\"_ _4\"></span>).<span class=\"_ _208\"> </span></div><div class=\"t m1 h2 ff1 fs0 fc1 sc0 ls13 ws14 gs198\">DIVIDENDS<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs199\">The Board is satisfied that, in every r<span class=\"_ _6\"></span>espect, the solvency test as required by the Companies (Guernsey) Law<span class=\"_ _6\"></span>, 2008, was satisfied for the </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs19a\">proposed dividend and the dividends paid in r<span class=\"_ _6\"></span>espect of the year ended 31 December 2024.<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs19b\">The Board has appr<span class=\"_ _6\"></span>oved interim dividends as follows: </div><div class=\"gs19c\"><table class=\"s w28b hc2\" id=\"_2cf156e1-48c4-46e9-b4ff-7228413cd066\"><tr><td></td><td class=\"t m1 x193 h2b y20c6 ff1 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended  </td><td class=\"t m1 x194 h14 y20c7 ff4 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended  </td></tr><tr><td></td><td class=\"t m1 x195 h2b y20c8 ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x196 h14 y20c9 ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"t m1 x198 h2b y20ca ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x199 h14 y20cb ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y20cc w28c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Amounts recognised as distributions to equity holders for the year ended 31 December<span class=\"_ _208\"> </span></div></td><td class=\"c x443 y20cc w28d hc3\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa8 wsa9\">15<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>9</div><div class=\"t m1 x442 h11 y1f8f ff1 fsc fc0 sc0 ls0 ws0\">1<span class=\"_ _208\"> </span></div></td><td class=\"t m1 x194 h8 y20cd ff4 fs0 fc0 sc0 lsa9 wsaa\">151,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>2<span class=\"_ _208\"> </span></td></tr><tr><td class=\"t m1 x19f h2 y20ce ff39 fs0 fc0 sc0 ls0 ws0\">Declared and proposed<span class=\"_ _208\"> </span></td><td></td><td></td></tr><tr><td class=\"t m1 x19f h8 y20cf ff4 fs0 fc0 sc0 ls0 ws0\">Interim dividend for the period 1 January to 30 June 2024 was <span>4.18</span>p per share  </td><td></td><td></td></tr><tr><td class=\"c n x19b y20d0 w28e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">(2023: <span>4.06</span>p per share)<span class=\"_ _208\"> </span></div></td><td class=\"c n x32a y20d0 w28f h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsb0 wsb0\">79,2<span class=\"_ _4\"></span>67<span class=\"_ _208\"> </span></div></td><td class=\"c n x444 y20d0 w290 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls33 ws9c\">77<span class=\"_ _1\"></span>,596<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c x19b y20d1 w291 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Interim dividend for the period 1 July to 31 December 2024 was <span>4.19</span>p per share</div><div class=\"t m1 x445 h17 y1f8f ff4 fsc fc0 sc0 ls0 ws0\">2<span class=\"_ _208\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c n x19b y1f44 w28e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">(2023: <span>4.07</span>p per share)<span class=\"_ _208\"> </span></div></td><td class=\"c n x32a y1f44 w292 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls39 ws36\">78,6<span class=\"_ _4\"></span>59<span class=\"_ _208\"> </span></div></td><td class=\"c n x446 y1f44 w10b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls111 ws109\">7<span class=\"_ _d\"> </span>7,<span class=\"_ _4\"></span>7<span class=\"_ _5\"> </span>8<span class=\"_ _d\"> </span>8<span class=\"_ _208\"> </span></div></td></tr></table></div><div class=\"t m1 h14 ff4 fsd fc0 sc0 ls0 ws0 gs19d\">1 <span class=\"_ _11\"> </span>In<span class=\"_ _4\"></span>clud<span class=\"_ _4\"></span>es th<span class=\"_ _4\"></span>e 2023 in<span class=\"_ _4\"></span>teri<span class=\"_ _4\"></span>m div<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>nd for t<span class=\"_ _4\"></span>he pe<span class=\"_ _4\"></span>rio<span class=\"_ _4\"></span>d 1 Jul<span class=\"_ _4\"></span>y to 3<span class=\"_ _6\"></span>1 D<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>emb<span class=\"_ _4\"></span>er 2023.<span class=\"_ _208\"> </span></div><div class=\"t m1 h14 ff4 fsd fc0 sc0 ls0 ws0 gs19e\">2 <span class=\"_ _11\"> </span> <span class=\"_ _9\"></span>Th<span class=\"_ _4\"></span>e div<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>nd fo<span class=\"_ _4\"></span>r the pe<span class=\"_ _4\"></span>rio<span class=\"_ _4\"></span>d 1 Jul<span class=\"_ _4\"></span>y to 31 Dece<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>er 2024 was a<span class=\"_ _4\"></span>ppro<span class=\"_ _4\"></span>ved by th<span class=\"_ _4\"></span>e Boa<span class=\"_ _4\"></span>rd on 26 M<span class=\"_ _4\"></span>arch 20<span class=\"_ _4\"></span>25 and th<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>fore h<span class=\"_ _4\"></span>as not b<span class=\"_ _4\"></span>een i<span class=\"_ _4\"></span>ncl<span class=\"_ _4\"></span>ude<span class=\"_ _4\"></span>d as a li<span class=\"_ _4\"></span>abil<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y in the b<span class=\"_ _4\"></span>ala<span class=\"_ _4\"></span>nce s<span class=\"_ _4\"></span>hee<span class=\"_ _4\"></span>t for th<span class=\"_ _4\"></span>e year </div><div class=\"t m1 h14 ff4 fsd fc0 sc0 ls0 ws0 gs19f\">en<span class=\"_ _4\"></span>ded 31 De<span class=\"_ _4\"></span>ce<span class=\"_ _4\"></span>mbe<span class=\"_ _4\"></span>r 2024<span class=\"_ _2\"></span>.<span class=\"_ _208\"> </span></div><div class=\"t m1 h2 ff1 fs0 fc1 sc0 ls8 ws9 gs1a0\">CAP<span class=\"_ _6\"></span>IT<span class=\"_ _6\"></span>AL RISK<span class=\"_ _6\"></span> MANAGEMENT<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1a1\">The Group seeks to ef<span class=\"_ _6\"></span>ficiently manage its financial resources to ensure that it is able to continue as a going concern while providing </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1a2\">improved r<span class=\"_ _6\"></span>etur<span class=\"_ _4\"></span>ns to shareholders thr<span class=\"_ _6\"></span>ough the management of the debt and equity balances. The capital structure consists of the Group\u2019<span class=\"_ _3\"></span>s </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1a3\">CDF and equity attributable to equity holders of the parent, comprising issued capital, r<span class=\"_ _6\"></span>eserves and retained earnings. The Group aims </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1a4\">to deliver its objective by investing available cash and using leverage whilst maintaining sufficient liquidity to meet ongoing expenses and </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1a5\">dividend payments. The Group\u2019<span class=\"_ _3\"></span>s investment policy is set out in the Corporate Governance Report on page 67.<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1a6\">The Group\u2019<span class=\"_ _3\"></span>s Investment Adviser reviews the capital structur<span class=\"_ _2\"></span>e on a semi-annual basis. As part of this review<span class=\"_ _1\"></span>, the Investment Adviser considers </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1a7\">the cost of capital and the associated risks.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-201": {
   "value": "1<span class=\"_ _6\"></span>5. <span class=\"_ _119\"> </span>SHARE CAP<span class=\"_ _6\"></span>IT<span class=\"_ _6\"></span>AL AND<span class=\"_ _6\"></span> RESERVES<span class=\"_ _208\"> </span><table class=\"s w271 hbf\" id=\"_07aa77da-f362-463a-bf05-d49a74bd4f91\"><tr><td></td><td class=\"t m1 x21e h2b y20ad ff1 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended </td><td class=\"t m1 x21f h14 y20ae ff4 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended </td></tr><tr><td></td><td class=\"t m1 x220 h2b y20af ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024 </td><td class=\"t m1 x221 h14 y20b0 ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"t m1 x425 h2b y20b1 ff1 fsd fc0 sc0 ls0 ws0\">shares </td><td class=\"t m1 x426 h14 y20b2 ff4 fsd fc0 sc0 ls0 ws0\">shares<span class=\"_ _208\"> </span></td></tr><tr><td class=\"t m1 x1d4 h14 y20b3 ff4 fsd fc0 sc0 ls0 ws0\">Shares authorised and in issue </td><td class=\"t m1 x427 h2b y20b4 ff1 fsd fc0 sc0 ls0 ws0\">\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x428 h14 y20b5 ff4 fsd fc0 sc0 ls0 ws0\">\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y1fae w272 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Shares in issue<span class=\"_ _208\"> </span></div></td><td class=\"c n x429 y1fae w273 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa3 wsa4\">1<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _4\"></span>7<span class=\"_ _5\"></span>7,<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>3<span class=\"_ _208\"> </span></div></td><td class=\"c n x42a y1fae w111 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa9 wsaa\">1,<span class=\"_ _4\"></span>911,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>3<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f54 w274 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Shares held in tr<span class=\"_ _6\"></span>easury<span class=\"_ _208\"> </span></div></td><td class=\"c n x42b y1f54 w275 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls121 ws11a\">33,95<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x42c y1f54 w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w276 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">Opening and closing balance<span class=\"_ _208\"> </span></div></td><td class=\"c n x42d y1f44 w277 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa5 wsa6\">1,<span class=\"_ _4\"></span>911,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>3<span class=\"_ _208\"> </span></div></td><td class=\"c n x42e y1f44 w278 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa9 wsaa\">1,<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>11,<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>3<span class=\"_ _208\"> </span></div></td></tr></table><table class=\"s w279 hc0\" id=\"_64045d00-d077-40b8-a79b-8c2bd0c3e31b\"><tr><td></td><td class=\"t m1 x21e h2b y20b6 ff1 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended </td><td class=\"t m1 x21f h14 y20b7 ff4 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended </td></tr><tr><td></td><td class=\"t m1 x220 h2b y20b8 ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x221 h14 y20b9 ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td class=\"t m1 x1d4 h14 y20ba ff4 fsd fc0 sc0 ls0 ws0\">Share capital<span class=\"_ _208\"> </span></td><td class=\"t m1 x1ce h2b y20bb ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x1cf h14 y20bc ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y1f44 w27a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Opening and closing balance<span class=\"_ _208\"> </span></div></td><td class=\"c n x42f y1f44 w68 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls10f ws107\">2,23<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>,27<span class=\"_ _6\"></span>6<span class=\"_ _208\"> </span></div></td><td class=\"c n x430 y1f44 w27b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls39 ws36\">2,23<span class=\"_ _1\"></span>1<span class=\"_ _6\"></span>,27<span class=\"_ _6\"></span>6<span class=\"_ _208\"> </span></div></td></tr></table>At present, the Company has one class of Or<span class=\"_ _6\"></span>dinary Shares with a par value of 0.01p which carry no right to fixed income.<span class=\"_ _208\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-202": {
   "value": "During the year to 31 December 2024, 34.0m shares have been acquir<span class=\"_ _6\"></span>ed as part of the Company\u2019<span class=\"_ _1\"></span>s share buyback programme, and as at 31 December 2024 are held in tr<span class=\"_ _6\"></span>easury<span class=\"_ _6\"></span>. <table class=\"s w1d9 hc1\" id=\"_15b760c6-9912-4d18-8ea7-c3d23742984c\"><tr><td></td><td></td><td></td><td class=\"t m1 x21e h2b y20bd ff1 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended </td><td class=\"t m1 x21f h14 y20be ff4 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended </td></tr><tr><td></td><td></td><td></td><td class=\"t m1 x220 h2b y20bf ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x221 h14 y20c0 ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td class=\"t m1 x1d4 h14 y20c1 ff4 fsd fc0 sc0 ls0 ws0\">Other distributable reserve<span class=\"_ _208\"> </span></td><td></td><td></td><td class=\"t m1 x1ce h2b y20c2 ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x1cf h14 y20c3 ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y2086 w27c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Balance at 1 January<span class=\"_ _208\"> </span></div></td><td></td><td></td><td class=\"c n x431 y2086 w27d h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls49 ws46\">182<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>81<span class=\"_ _208\"> </span></div></td><td class=\"c n x432 y2086 w78 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls7a ws74\">18<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>,4<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>1<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1fec w27e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Acquisition of treasury shar<span class=\"_ _6\"></span>es<span class=\"_ _208\"> </span></div></td><td></td><td></td><td class=\"c n x433 y1fec w27f h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls118 ws110\">(<span class=\"_ _6\"></span>43,086)<span class=\"_ _208\"> </span></div></td><td class=\"c n x241 y1fec w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1fdd w280 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Costs associated with acquisition of treasury shar<span class=\"_ _6\"></span>es<span class=\"_ _208\"> </span></div></td><td></td><td></td><td class=\"c n x434 y1fdd w281 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls33 ws9c\">(4<span class=\"_ _4\"></span>4)<span class=\"_ _208\"> </span></div></td><td class=\"c n x241 y1fdd w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f54 w282 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Movement in the year<span class=\"_ _208\"> </span></div></td><td class=\"c n x435 y1f54 w283 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls117 ws10f\">(<span class=\"_ _4\"></span>4<span class=\"_ _208\"> </span></div></td><td class=\"c n x436 y1f54 w284 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls117 ws10f\">3<span class=\"_ _5\"></span>,13<span class=\"_ _208\"> </span></div></td><td class=\"c n x437 y1f54 w285 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls117 ws10f\">0<span class=\"_ _5\"></span>)<span class=\"_ _208\"> </span></div></td><td class=\"c n x438 y1f54 w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w1f3 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">Balance at 31 December<span class=\"_ _208\"> </span></div></td><td></td><td></td><td class=\"c n x439 y1f44 w73 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls6 ws7\">13<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>,3<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>1<span class=\"_ _208\"> </span></div></td><td class=\"c n x43a y1f44 w286 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls7a ws74\">18<span class=\"_ _4\"></span>2,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>81<span class=\"_ _208\"> </span></div></td></tr></table>On 19 January 2007, the Company applied to the Royal Court of Guernsey<span class=\"_ _1\"></span>, following the initial placing of shares, to reduce its shar<span class=\"_ _2\"></span>e premium account. This was in or<span class=\"_ _6\"></span>der to provide a distributable reserve to enable the Company to repur<span class=\"_ _6\"></span>chase its shares if and when the Board<span class=\"_ gs66\"> </span>of Dir<span class=\"_ _6\"></span>ectors consider it beneficial to do so. Following court approval, the distributable reserve account was created.<span class=\"_ _208\"> </span><table class=\"s w287 hb3\" id=\"_208fd235-85df-443a-bdb1-7fea956c43ea\"><tr><td></td><td class=\"t m1 x220 h2b y20c4 ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x221 h14 y20c4 ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td class=\"t m1 x1d4 h14 y20c5 ff4 fsd fc0 sc0 ls0 ws0\">Retained earnings<span class=\"_ _208\"> </span></td><td class=\"t m1 x1ce h2b y20c5 ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x1cf h14 y20c5 ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y1f27 w27c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Balance at 1 January<span class=\"_ _208\"> </span></div></td><td class=\"c n x43b y1f27 w288 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls69 ws65\">502,381<span class=\"_ _208\"> </span></div></td><td class=\"c n x43c y1f27 w289 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsad wsad\">626,0<span class=\"_ _4\"></span>82<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1fae w199 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Net profit for the year<span class=\"_ _208\"> </span></div></td><td class=\"c n x43d y1fae w61 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls112 ws10b\">465<span class=\"_ _208\"> </span></div></td><td class=\"c n x1aa y1fae w62 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls111 ws109\">2<span class=\"_ _5\"> </span>7,<span class=\"_ _d\"> </span>8<span class=\"_ _5\"> </span>6<span class=\"_ _5\"></span>1<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c x19b y1f54 w28a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Dividends paid</div><div class=\"t m1 x43e h17 y1f8f ff4 fsc fc0 sc0 ls0 ws0\">1<span class=\"_ _208\"> </span></div></td><td class=\"c n x1e1 y1f54 w70 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa8 wsa9\">(15<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td><td class=\"c n x43f y1f54 wca h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa9 wsaa\">(<span class=\"_ _4\"></span>151,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>)<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w1f3 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">Balance at 31 December<span class=\"_ _208\"> </span></div></td><td class=\"c n x440 y1f44 w74 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls118 ws110\">345,99<span class=\"_ _6\"></span>7<span class=\"_ _208\"> </span></div></td><td class=\"c n x441 y1f44 w7f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls114 ws10c\">5<span class=\"_ _4\"></span>02<span class=\"_ _4\"></span>,3<span class=\"_ _4\"></span>81<span class=\"_ _208\"> </span></div></td></tr></table>1   I<span class=\"_ _4\"></span>nclu<span class=\"_ _4\"></span>de<span class=\"_ _4\"></span>s scr<span class=\"_ _4\"></span>ip ele<span class=\"_ _4\"></span>me<span class=\"_ _4\"></span>nt of \u00a3 ni<span class=\"_ _4\"></span>l in 2024 (De<span class=\"_ _4\"></span>cem<span class=\"_ _4\"></span>ber 2<span class=\"_ _4\"></span>023: \u00a3 nil<span class=\"_ _4\"></span>).<span class=\"_ _208\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-203": {
   "value": "DIVIDENDS<span class=\"_ _208\"> </span>The Board is satisfied that, in every r<span class=\"_ _6\"></span>espect, the solvency test as required by the Companies (Guernsey) Law<span class=\"_ _6\"></span>, 2008, was satisfied for the proposed dividend and the dividends paid in r<span class=\"_ _6\"></span>espect of the year ended 31 December 2024.<span class=\"_ _208\"> </span>The Board has appr<span class=\"_ _6\"></span>oved interim dividends as follows: <table class=\"s w28b hc2\" id=\"_2cf156e1-48c4-46e9-b4ff-7228413cd066\"><tr><td></td><td class=\"t m1 x193 h2b y20c6 ff1 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended  </td><td class=\"t m1 x194 h14 y20c7 ff4 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended  </td></tr><tr><td></td><td class=\"t m1 x195 h2b y20c8 ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x196 h14 y20c9 ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"t m1 x198 h2b y20ca ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x199 h14 y20cb ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y20cc w28c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Amounts recognised as distributions to equity holders for the year ended 31 December<span class=\"_ _208\"> </span></div></td><td class=\"c x443 y20cc w28d hc3\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa8 wsa9\">15<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>9</div><div class=\"t m1 x442 h11 y1f8f ff1 fsc fc0 sc0 ls0 ws0\">1<span class=\"_ _208\"> </span></div></td><td class=\"t m1 x194 h8 y20cd ff4 fs0 fc0 sc0 lsa9 wsaa\">151,<span class=\"_ _4\"></span>5<span class=\"_ _5\"></span>6<span class=\"_ _4\"></span>2<span class=\"_ _208\"> </span></td></tr><tr><td class=\"t m1 x19f h2 y20ce ff39 fs0 fc0 sc0 ls0 ws0\">Declared and proposed<span class=\"_ _208\"> </span></td><td></td><td></td></tr><tr><td class=\"t m1 x19f h8 y20cf ff4 fs0 fc0 sc0 ls0 ws0\">Interim dividend for the period 1 January to 30 June 2024 was <span>4.18</span>p per share  </td><td></td><td></td></tr><tr><td class=\"c n x19b y20d0 w28e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">(2023: <span>4.06</span>p per share)<span class=\"_ _208\"> </span></div></td><td class=\"c n x32a y20d0 w28f h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsb0 wsb0\">79,2<span class=\"_ _4\"></span>67<span class=\"_ _208\"> </span></div></td><td class=\"c n x444 y20d0 w290 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls33 ws9c\">77<span class=\"_ _1\"></span>,596<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c x19b y20d1 w291 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Interim dividend for the period 1 July to 31 December 2024 was <span>4.19</span>p per share</div><div class=\"t m1 x445 h17 y1f8f ff4 fsc fc0 sc0 ls0 ws0\">2<span class=\"_ _208\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c n x19b y1f44 w28e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">(2023: <span>4.07</span>p per share)<span class=\"_ _208\"> </span></div></td><td class=\"c n x32a y1f44 w292 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls39 ws36\">78,6<span class=\"_ _4\"></span>59<span class=\"_ _208\"> </span></div></td><td class=\"c n x446 y1f44 w10b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls111 ws109\">7<span class=\"_ _d\"> </span>7,<span class=\"_ _4\"></span>7<span class=\"_ _5\"> </span>8<span class=\"_ _d\"> </span>8<span class=\"_ _208\"> </span></div></td></tr></table>1 <span class=\"_ _11\"> </span>In<span class=\"_ _4\"></span>clud<span class=\"_ _4\"></span>es th<span class=\"_ _4\"></span>e 2023 in<span class=\"_ _4\"></span>teri<span class=\"_ _4\"></span>m div<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>nd for t<span class=\"_ _4\"></span>he pe<span class=\"_ _4\"></span>rio<span class=\"_ _4\"></span>d 1 Jul<span class=\"_ _4\"></span>y to 3<span class=\"_ _6\"></span>1 D<span class=\"_ _4\"></span>ec<span class=\"_ _4\"></span>emb<span class=\"_ _4\"></span>er 2023.<span class=\"_ _208\"> </span>2 <span class=\"_ _11\"> </span> <span class=\"_ _9\"></span>Th<span class=\"_ _4\"></span>e div<span class=\"_ _4\"></span>ide<span class=\"_ _4\"></span>nd fo<span class=\"_ _4\"></span>r the pe<span class=\"_ _4\"></span>rio<span class=\"_ _4\"></span>d 1 Jul<span class=\"_ _4\"></span>y to 31 Dece<span class=\"_ _4\"></span>mb<span class=\"_ _4\"></span>er 2024 was a<span class=\"_ _4\"></span>ppro<span class=\"_ _4\"></span>ved by th<span class=\"_ _4\"></span>e Boa<span class=\"_ _4\"></span>rd on 26 M<span class=\"_ _4\"></span>arch 20<span class=\"_ _4\"></span>25 and th<span class=\"_ _4\"></span>ere<span class=\"_ _4\"></span>fore h<span class=\"_ _4\"></span>as not b<span class=\"_ _4\"></span>een i<span class=\"_ _4\"></span>ncl<span class=\"_ _4\"></span>ude<span class=\"_ _4\"></span>d as a li<span class=\"_ _4\"></span>abil<span class=\"_ _4\"></span>it<span class=\"_ _4\"></span>y in the b<span class=\"_ _4\"></span>ala<span class=\"_ _4\"></span>nce s<span class=\"_ _4\"></span>hee<span class=\"_ _4\"></span>t for th<span class=\"_ _4\"></span>e year en<span class=\"_ _4\"></span>ded 31 De<span class=\"_ _4\"></span>ce<span class=\"_ _4\"></span>mbe<span class=\"_ _4\"></span>r 2024<span class=\"_ _2\"></span>.<span class=\"_ _208\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-213": {
   "value": "0.0418",
   "decimals": 4,
   "dimensions": {
    "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2024-07-01T00:00:00",
    "unit": "iso4217:GBP/xbrli:shares"
   }
  },
  "fact-214": {
   "value": "0.0406",
   "decimals": 4,
   "dimensions": {
    "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2023-01-01T00:00:00/2023-07-01T00:00:00",
    "unit": "iso4217:GBP/xbrli:shares"
   }
  },
  "fact-215": {
   "value": "0.0419",
   "decimals": 4,
   "dimensions": {
    "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-07-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:GBP/xbrli:shares"
   }
  },
  "fact-216": {
   "value": "0.0407",
   "decimals": 4,
   "dimensions": {
    "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2023-07-01T00:00:00/2024-01-01T00:00:00",
    "unit": "iso4217:GBP/xbrli:shares"
   }
  },
  "fact-221": {
   "value": "CAP<span class=\"_ _6\"></span>IT<span class=\"_ _6\"></span>AL RISK<span class=\"_ _6\"></span> MANAGEMENT<span class=\"_ _208\"> </span>The Group seeks to ef<span class=\"_ _6\"></span>ficiently manage its financial resources to ensure that it is able to continue as a going concern while providing improved r<span class=\"_ _6\"></span>etur<span class=\"_ _4\"></span>ns to shareholders thr<span class=\"_ _6\"></span>ough the management of the debt and equity balances. The capital structure consists of the Group\u2019<span class=\"_ _3\"></span>s CDF and equity attributable to equity holders of the parent, comprising issued capital, r<span class=\"_ _6\"></span>eserves and retained earnings. The Group aims to deliver its objective by investing available cash and using leverage whilst maintaining sufficient liquidity to meet ongoing expenses and dividend payments. The Group\u2019<span class=\"_ _3\"></span>s investment policy is set out in the Corporate Governance Report on page 67.<span class=\"_ _208\"> </span>The Group\u2019<span class=\"_ _3\"></span>s Investment Adviser reviews the capital structur<span class=\"_ _2\"></span>e on a semi-annual basis. As part of this review<span class=\"_ _1\"></span>, the Investment Adviser considers the cost of capital and the associated risks.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-184": {
   "value": "<div class=\"t m1 h2 ff1 fs0 fc3 sc0 ls0 ws0 gs1a9\">16. <span class=\"_ _119\"> </span>N<span class=\"_ _4\"></span>ET A<span class=\"_ _4\"></span>SSE<span class=\"_ _4\"></span>TS PE<span class=\"_ _4\"></span>R SH<span class=\"_ _4\"></span>ARE<span class=\"_ _208\"> </span></div><div class=\"gsa1\"><table class=\"s w13f hc4\" id=\"_cc3761b4-2417-4b41-ae47-74c660e0488d\"><tr><td></td><td class=\"t m1 x195 h2b y20d2 ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x196 h14 y20d2 ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"t m1 x198 h2b y20d3 ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x199 h14 y20d3 ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y1f44 w293 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Net assets attributable to equity holders of the parent<span class=\"_ _208\"> </span></div></td><td class=\"c n x21a y1f44 w9f h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls49 ws46\">2<span class=\"_ _4\"></span>,716<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>62<span class=\"_ _4\"></span>4<span class=\"_ _208\"> </span></div></td><td class=\"c n x21b y1f44 w80 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">2<span class=\"_ _4\"></span>,<span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>1<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>,1<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>8<span class=\"_ _208\"> </span></div></td></tr></table></div><div class=\"gs1aa\"><table class=\"s w16b hc5\" id=\"_69515daf-762e-46b3-af2b-56026ee645f6\"><tr><td></td><td></td><td></td><td></td><td class=\"c n x302 y20d4 w16c hbb\"><div class=\"t m1 x19a h14 y20a2 ff1 fsd fc0 sc0 ls0 ws0\">Number<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x303 y20d4 w16d h9e\"><div class=\"t m1 x19a h14 y20a2 ff4 fsd fc0 sc0 ls0 ws0\">Number<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x19f h2 y20d5 ff39 fs0 fc0 sc0 ls0 ws0\">Number of shares<span class=\"_ _208\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y1f54 w294 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Ordinary Shar<span class=\"_ _6\"></span>es outstanding at the end of the year<span class=\"_ _208\"> </span></div></td><td class=\"c n x447 y1f54 w295 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa3 wsa4\">1<span class=\"_ _4\"></span>,<span class=\"_ _208\"> </span></div></td><td class=\"c n x448 y1f54 w296 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa3 wsa4\">8<span class=\"_ _4\"></span>7<span class=\"_ _208\"> </span></div></td><td class=\"c n x449 y1f54 w297 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa3 wsa4\">7,<span class=\"_ _208\"> </span></div></td><td class=\"c n x44a y1f54 w298 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa3 wsa4\">2<span class=\"_ _5\"></span>9<span class=\"_ _4\"></span>3<span class=\"_ _5\"> </span>,1<span class=\"_ _4\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _208\"> </span></div></td><td class=\"c n x44b y1f54 w299 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">1<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>9<span class=\"_ _5\"></span>11,<span class=\"_ _208\"> </span></div></td><td class=\"c n x44c y1f54 w10c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">2<span class=\"_ _4\"></span>4<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>,1<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>2<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w29a h9f\"><div class=\"t m1 x19a h8 y1f07 ff39 fs0 fc0 sc0 ls0 ws0\">Net assets per share (p per share)<span class=\"_ _208\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x44d y1f44 w29b h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsaf wsaf\">14<span class=\"_ _5\"></span>4<span class=\"_ _4\"></span>.7<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x44e y1f44 wa7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls63 ws5d\">15<span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>.6</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNetAssetValueAttributableToUnitholdersExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-185": {
   "value": "<div class=\"t m1 h2 ff1 fs0 fc3 sc0 ls17 ws18 gs1ac\">1<span class=\"_ _6\"></span>7<span class=\"_ _1\"></span>. <span class=\"_ _12f\"> </span>REL<span class=\"_ _4\"></span>A<span class=\"_ _1\"></span>TE<span class=\"_ _4\"></span>D<span class=\"_ _2\"></span> P<span class=\"_ _6\"></span>A<span class=\"_ _4\"></span>RTY TR<span class=\"_ _4\"></span>ANSACTIONS<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1ad\">Details of the Company\u2019<span class=\"_ _3\"></span>s significant consolidated and unconsolidated subsidiaries are included in note 20. </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1ae\">During the year<span class=\"_ _1\"></span>, Group companies enter<span class=\"_ _2\"></span>ed into certain transactions with related parties that ar<span class=\"_ _2\"></span>e not members of the Group but ar<span class=\"_ _6\"></span>e related </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1af\">parties by reason of being in the same gr<span class=\"_ _6\"></span>oup as Amber Infrastructure Group Holdings Limited, which is the ultimate holding company of </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1b0\">the<span class=\"_ gs66\"> </span>Investment Adviser<span class=\"_ _1\"></span>, Amber Fund Management Limited (\u2018AFML<span class=\"_ _1\"></span>\u2019).<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1b1\">Under the Investment Advisory Agreement (\u2018IAA<span class=\"_ _3\"></span>\u2019), AFML was appointed to provide investment advisory services to the Group including </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1b2\">advising the Group as to the strategic management of its portfolio of investments.<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1b3\">AFML and International Public Partnerships GP Limited are subsidiary companies of Amber Infrastructure Gr<span class=\"_ _6\"></span>oup Holdings Limited </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1b4\">(\u2018Amber<span class=\"_ gs66\"> </span>Group\u2019), in which Giles Fr<span class=\"_ _6\"></span>ost is a Director and also a substantial shareholder<span class=\"_ _1\"></span>.<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1b5\">Giles Frost is also a Dir<span class=\"_ _6\"></span>ector of Inter<span class=\"_ _4\"></span>national Public Partnerships Limited (the \u2018Company\u2019); International Public Partnerships Lux 1 Sarl; </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1b6\">(a<span class=\"_ gs66\"> </span>wholly owned subsidiary of the Group); and certain other companies in which the Gr<span class=\"_ _6\"></span>oup indirectly has an investment. The transactions </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1b7\">with the Amber Group ar<span class=\"_ _6\"></span>e considered related party transactions under IAS 24 \u2018Related Party Disclosures\u2019.<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1b8\">The Director\u2019<span class=\"_ _3\"></span>s fees of \u00a359,000 (2023: \u00a355,525) for Giles Frost\u2019<span class=\"_ _3\"></span>s directorship of the Company ar<span class=\"_ _2\"></span>e paid to his employer<span class=\"_ _1\"></span>, Amber Infrastructure </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1b9\">Limited (a member of the Amber Group).<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1bb\">The amounts of the transactions in the year that were r<span class=\"_ _6\"></span>elated party transactions are set out in the table below:<span class=\"_ _208\"> </span></div><div class=\"gs1bc\"><table class=\"s w29c hc6\" id=\"_8e3b1ab0-f189-4726-a320-e5e7874d254c\"><tr><td></td><td></td><td class=\"c n x44f y20d7 w29d hb1\"><div class=\"t m1 x19a h2b y20d6 ff1 fsd fc0 sc0 ls0 ws0\">Related party expense in the Income Statement<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x450 y20d7 w29e hb1\"><div class=\"t m1 x19a h2b y20d6 ff1 fsd fc0 sc0 ls0 ws0\">Amounts owing to related parties in the Balance Sheet<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"t m1 x451 h2b y20d8 ff1 fsd fc0 sc0 ls0 ws0\">For the year ended </td><td class=\"t m1 x1e8 h14 y20d9 ff4 fsd fc0 sc0 ls0 ws0\">For the year ended </td><td></td><td></td></tr><tr><td></td><td class=\"t m1 x451 h2b y20da ff1 fsd fc0 sc0 ls0 ws0\">31<span class=\"_ gs8e\"> </span>December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x452 h14 y20db ff4 fsd fc0 sc0 ls0 ws0\">31<span class=\"_ gs8e\"> </span>December 2023<span class=\"_ _208\"> </span></td><td class=\"t m1 x25b h2b y20db ff1 fsd fc0 sc0 ls0 ws0\">At 31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x38d h14 y20db ff4 fsd fc0 sc0 ls0 ws0\">At 31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"t m1 x1cc h2b y20dc ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x1cd h14 y20dd ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x1ce h2b y20dd ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x1cf h14 y20dd ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c x19b y1fae w29f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">International Public Partnerships GP Limited</div><div class=\"t m1 x453 h17 y1fa9 ff4 fsc fc0 sc0 ls0 ws0\">1<span class=\"_ _208\"> </span></div></td><td class=\"c n x454 y1fae w2a0 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls25 ws24\">3<span class=\"_ _4\"></span>0,7<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _208\"> </span></div></td><td class=\"c n x455 y1fae w2a1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls117 ws10f\">3<span class=\"_ _4\"></span>2,<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>51<span class=\"_ _208\"> </span></div></td><td class=\"c n x456 y1fae w250 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls25 ws24\">8<span class=\"_ _4\"></span>,77<span class=\"_ _4\"></span>3<span class=\"_ _208\"> </span></div></td><td class=\"c n x457 y1fae w18e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls58 ws53\">9,8<span class=\"_ _4\"></span>20<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c x19b y1f54 w2a2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Amber Fund Management Limited</div><div class=\"t m1 x458 h17 y1f8f ff4 fsc fc0 sc0 ls0 ws0\">2<span class=\"_ _208\"> </span></div></td><td class=\"c n x459 y1f54 w14c h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa5 wsa6\">1,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td><td class=\"c n x45a y1f54 w14d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa9 wsaa\">1,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>21<span class=\"_ _208\"> </span></div></td><td class=\"c n x45b y1f54 w2a3 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls8b ws8a\">12<span class=\"_ _208\"> </span></div></td><td class=\"c n x45c y1f54 w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w1a9 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal<span class=\"_ _208\"> </span></div></td><td class=\"c n x45d y1f44 w2a4 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsac wsac\">32,<span class=\"_ _4\"></span>204<span class=\"_ _208\"> </span></div></td><td class=\"c n x45e y1f44 w175 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls128 ws125\">3<span class=\"_ _4\"></span>3,<span class=\"_ _4\"></span>872<span class=\"_ _208\"> </span></div></td><td class=\"c n x45f y1f44 w2a5 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls25 ws24\">8,7<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>5<span class=\"_ _208\"> </span></div></td><td class=\"c n x460 y1f44 w2a6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls58 ws53\">9,8<span class=\"_ _4\"></span>20<span class=\"_ _208\"> </span></div></td></tr></table></div><div class=\"t m1 h14 ff4 fsd fc0 sc0 ls0 ws0 gs1bd\">1 <span class=\"_ _11\"> </span>Re<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>sent<span class=\"_ _4\"></span>s amo<span class=\"_ _4\"></span>unts p<span class=\"_ _4\"></span>aid to re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d par<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s for i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tmen<span class=\"_ _4\"></span>t adv<span class=\"_ _4\"></span>iso<span class=\"_ _4\"></span>ry fe<span class=\"_ _4\"></span>es.<span class=\"_ _208\"> </span></div><div class=\"t m1 h14 ff4 fsd fc0 sc0 ls0 ws0 gs1be\">2 <span class=\"_ _11\"> </span>Re<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>sent<span class=\"_ _4\"></span>s amo<span class=\"_ _4\"></span>unts p<span class=\"_ _4\"></span>aid to re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d par<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s to acq<span class=\"_ _4\"></span>uir<span class=\"_ _4\"></span>e or ma<span class=\"_ _4\"></span>ke inve<span class=\"_ _4\"></span>stme<span class=\"_ _4\"></span>nts or a<span class=\"_ _4\"></span>dvi<span class=\"_ _4\"></span>sor<span class=\"_ _4\"></span>y fe<span class=\"_ _4\"></span>es as<span class=\"_ _4\"></span>soc<span class=\"_ _4\"></span>iate<span class=\"_ _4\"></span>d with i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tme<span class=\"_ _4\"></span>nts wh<span class=\"_ _4\"></span>ich a<span class=\"_ _4\"></span>re sub<span class=\"_ _4\"></span>seq<span class=\"_ _4\"></span>uen<span class=\"_ _4\"></span>tly re<span class=\"_ _4\"></span>cord<span class=\"_ _4\"></span>ed in t<span class=\"_ _4\"></span>he ba<span class=\"_ _4\"></span>lan<span class=\"_ _4\"></span>ce sh<span class=\"_ _4\"></span>eet.<span class=\"_ _208\"> </span></div><div class=\"t m1 h2 ff1 fs0 fc1 sc0 ls8 ws9 gs1bf\">INVESTMENT<span class=\"_ _6\"></span> ADVISOR<span class=\"_ _6\"></span>Y ARRANGEMENTS<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1c0\">Investment advisory fees payable during the year are calculated as follows:<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1c1\">For existing construction assets:</div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1c2\"> <span class=\"_ _19\"></span>\u2013<span class=\"_ _13\"> </span>1.2% per annum of gross asset value of investments bearing construction risk.<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1c3\">For existing fully operational assets:</div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1c4\"> <span class=\"_ _19\"></span>\u2013<span class=\"_ _13\"> </span>1.2% per annum of the gross asset value (\u2018GA<span class=\"_ _6\"></span>V\u2019) excluding uncommitted cash from capital raisings up to \u00a3750 m;</div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1c5\"> <span class=\"_ _19\"></span>\u2013<span class=\"_ _13\"> </span>1.0% per annum where GA<span class=\"_ _6\"></span>V (excluding uncommitted cash from capital raisings) is between \u00a3750 m and \u00a31.5 bn;</div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1c6\"> <span class=\"_ _19\"></span>\u2013<span class=\"_ _13\"> </span>0.9% per annum where GA<span class=\"_ _6\"></span>V (excluding uncommitted cash from capital raisings) is between \u00a31.5 bn and \u00a32.75 bn;</div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1c7\"> <span class=\"_ _19\"></span>\u2013<span class=\"_ _13\"> </span>0.8% per annum where GA<span class=\"_ _6\"></span>V (excluding uncommitted cash from capital raisings) value exceeds \u00a32.75 bn.<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1c8\">Asset origination fees in connection with new acquisitions are charged at a rate of 1.5% of the value of new acquisitions.<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1c9\">The IAA can be terminated where less than 95% of the Gr<span class=\"_ _6\"></span>oup\u2019<span class=\"_ _1\"></span>s assets are available for use for certain periods and the Investment Adviser </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1ca\">fails to implement a remediation plan agr<span class=\"_ _6\"></span>eed with the Group. The IAA may also be terminated by either party giving to the other five years </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1cb\">notice of termination, expiring at any time after 10 years from the date of the IAA.<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1cc\">Following the year end, the Board and the Investment Adviser agr<span class=\"_ _6\"></span>eed to a change in the fee basis effective from 1 July 2025. For further </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1cd\">information on these changes see page 73.<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1ce\">As at 31 December 2024, the Amber Group held 8,002,379 (December 2023: 8,002,379) shar<span class=\"_ _6\"></span>es in the Company<span class=\"_ _6\"></span>. The shares held by the </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1cf\">Investment Adviser in the Company helps further strengthen the alignment of inter<span class=\"_ _6\"></span>ests between the two parties. </div><div class=\"t m1 h2 ff1 fs0 fc1 sc0 ls17 ws18 gs1d0\">TRA<span class=\"_ _4\"></span>NSACTIONS WITH DIRECTORS<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1d1\">Shares acquir<span class=\"_ _6\"></span>ed by Directors in the year are disclosed below:<span class=\"_ _208\"> </span></div><div class=\"gs1d2\"><table class=\"s w2a7 hc7\" id=\"_0dcaadaf-1f6b-45e7-a198-bbb36737b5bd\"><tr><td></td><td class=\"t m1 x461 h2b y20de ff1 fsd fc0 sc0 ls0 ws0\">Number of New Ordinary Shares<span class=\"_ _208\"> </span></td><td></td></tr><tr><td></td><td class=\"t m1 x21e h2b y20df ff1 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended </td><td class=\"t m1 x21f h14 y20df ff4 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended </td></tr><tr><td class=\"t m1 x1d4 h14 y20e0 ff4 fsd fc0 sc0 ls0 ws0\">Director<span class=\"_ _208\"> </span></td><td class=\"t m1 x220 h2b y20e1 ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x221 h14 y20e1 ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y1fad w2a8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Mike Gerrard<span class=\"_ _208\"> </span></div></td><td class=\"c n x30e y1fad w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td><td class=\"c n x462 y1fad w2a9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls17 ws18\">36,<span class=\"_ _2\"></span>342<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f27 w2aa h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Julia Bond<span class=\"_ _208\"> </span></div></td><td class=\"c n x463 y1f27 w2ab h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa3 wsa4\">17,<span class=\"_ _5\"> </span>5<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _208\"> </span></div></td><td class=\"c n x464 y1f27 w2ac h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">8<span class=\"_ _5\"></span>,15<span class=\"_ _5\"></span>2<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1fae w2ad h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Stephanie Coxon<span class=\"_ _208\"> </span></div></td><td class=\"c n x465 y1fae w2ae h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa8 wsa9\">15<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _208\"> </span></div></td><td class=\"c n x466 y1fae w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f54 w2af h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Meriel Lenfestey<span class=\"_ _208\"> </span></div></td><td class=\"c n x467 y1f54 w2b0 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls10f ws107\">8,<span class=\"_ _6\"></span>000<span class=\"_ _208\"> </span></div></td><td class=\"c n x468 y1f54 w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w2b1 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal purchased<span class=\"_ _208\"> </span></div></td><td class=\"c n x469 y1f44 w2b2 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls131 ws12f\">41,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>7<span class=\"_ _208\"> </span></div></td><td class=\"c n x46a y1f44 w2b3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls58 ws53\">4<span class=\"_ _4\"></span>4,49<span class=\"_ _4\"></span>4<span class=\"_ _208\"> </span></div></td></tr></table></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1d3\">Remuneration paid to the Non-Executive Directors is disclosed on page 72. Dir<span class=\"_ _6\"></span>ectors received dividends on total shares held as disclosed </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1d4\">on page 73, in accordance with the appr<span class=\"_ _6\"></span>oved dividends detailed under note 15.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTransactionsBetweenRelatedPartiesExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-204": {
   "value": "1<span class=\"_ _6\"></span>7<span class=\"_ _1\"></span>. <span class=\"_ _12f\"> </span>REL<span class=\"_ _4\"></span>A<span class=\"_ _1\"></span>TE<span class=\"_ _4\"></span>D<span class=\"_ _2\"></span> P<span class=\"_ _6\"></span>A<span class=\"_ _4\"></span>RTY TR<span class=\"_ _4\"></span>ANSACTIONS<span class=\"_ _208\"> </span>Details of the Company\u2019<span class=\"_ _3\"></span>s significant consolidated and unconsolidated subsidiaries are included in note 20. During the year<span class=\"_ _1\"></span>, Group companies enter<span class=\"_ _2\"></span>ed into certain transactions with related parties that ar<span class=\"_ _2\"></span>e not members of the Group but ar<span class=\"_ _6\"></span>e related parties by reason of being in the same gr<span class=\"_ _6\"></span>oup as Amber Infrastructure Group Holdings Limited, which is the ultimate holding company of the<span class=\"_ gs66\"> </span>Investment Adviser<span class=\"_ _1\"></span>, Amber Fund Management Limited (\u2018AFML<span class=\"_ _1\"></span>\u2019).<span class=\"_ _208\"> </span>Under the Investment Advisory Agreement (\u2018IAA<span class=\"_ _3\"></span>\u2019), AFML was appointed to provide investment advisory services to the Group including advising the Group as to the strategic management of its portfolio of investments.<span class=\"_ _208\"> </span>AFML and International Public Partnerships GP Limited are subsidiary companies of Amber Infrastructure Gr<span class=\"_ _6\"></span>oup Holdings Limited (\u2018Amber<span class=\"_ gs66\"> </span>Group\u2019), in which Giles Fr<span class=\"_ _6\"></span>ost is a Director and also a substantial shareholder<span class=\"_ _1\"></span>.<span class=\"_ _208\"> </span>Giles Frost is also a Dir<span class=\"_ _6\"></span>ector of Inter<span class=\"_ _4\"></span>national Public Partnerships Limited (the \u2018Company\u2019); International Public Partnerships Lux 1 Sarl; (a<span class=\"_ gs66\"> </span>wholly owned subsidiary of the Group); and certain other companies in which the Gr<span class=\"_ _6\"></span>oup indirectly has an investment. The transactions with the Amber Group ar<span class=\"_ _6\"></span>e considered related party transactions under IAS 24 \u2018Related Party Disclosures\u2019.<span class=\"_ _208\"> </span>The Director\u2019<span class=\"_ _3\"></span>s fees of \u00a359,000 (2023: \u00a355,525) for Giles Frost\u2019<span class=\"_ _3\"></span>s directorship of the Company ar<span class=\"_ _2\"></span>e paid to his employer<span class=\"_ _1\"></span>, Amber Infrastructure Limited (a member of the Amber Group).<span class=\"_ _208\"> </span>The amounts of the transactions in the year that were r<span class=\"_ _6\"></span>elated party transactions are set out in the table below:<span class=\"_ _208\"> </span><table class=\"s w29c hc6\" id=\"_8e3b1ab0-f189-4726-a320-e5e7874d254c\"><tr><td></td><td></td><td class=\"c n x44f y20d7 w29d hb1\"><div class=\"t m1 x19a h2b y20d6 ff1 fsd fc0 sc0 ls0 ws0\">Related party expense in the Income Statement<span class=\"_ _208\"> </span></div></td><td></td><td class=\"c n x450 y20d7 w29e hb1\"><div class=\"t m1 x19a h2b y20d6 ff1 fsd fc0 sc0 ls0 ws0\">Amounts owing to related parties in the Balance Sheet<span class=\"_ _208\"> </span></div></td></tr><tr><td></td><td class=\"t m1 x451 h2b y20d8 ff1 fsd fc0 sc0 ls0 ws0\">For the year ended </td><td class=\"t m1 x1e8 h14 y20d9 ff4 fsd fc0 sc0 ls0 ws0\">For the year ended </td><td></td><td></td></tr><tr><td></td><td class=\"t m1 x451 h2b y20da ff1 fsd fc0 sc0 ls0 ws0\">31<span class=\"_ gs8e\"> </span>December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x452 h14 y20db ff4 fsd fc0 sc0 ls0 ws0\">31<span class=\"_ gs8e\"> </span>December 2023<span class=\"_ _208\"> </span></td><td class=\"t m1 x25b h2b y20db ff1 fsd fc0 sc0 ls0 ws0\">At 31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x38d h14 y20db ff4 fsd fc0 sc0 ls0 ws0\">At 31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td></td><td class=\"t m1 x1cc h2b y20dc ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x1cd h14 y20dd ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x1ce h2b y20dd ff1 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td><td class=\"t m1 x1cf h14 y20dd ff4 fsd fc0 sc0 ls0 ws0\">\u00a3\u2019000s<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c x19b y1fae w29f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">International Public Partnerships GP Limited</div><div class=\"t m1 x453 h17 y1fa9 ff4 fsc fc0 sc0 ls0 ws0\">1<span class=\"_ _208\"> </span></div></td><td class=\"c n x454 y1fae w2a0 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls25 ws24\">3<span class=\"_ _4\"></span>0,7<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>6<span class=\"_ _208\"> </span></div></td><td class=\"c n x455 y1fae w2a1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls117 ws10f\">3<span class=\"_ _4\"></span>2,<span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>51<span class=\"_ _208\"> </span></div></td><td class=\"c n x456 y1fae w250 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls25 ws24\">8<span class=\"_ _4\"></span>,77<span class=\"_ _4\"></span>3<span class=\"_ _208\"> </span></div></td><td class=\"c n x457 y1fae w18e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls58 ws53\">9,8<span class=\"_ _4\"></span>20<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c x19b y1f54 w2a2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Amber Fund Management Limited</div><div class=\"t m1 x458 h17 y1f8f ff4 fsc fc0 sc0 ls0 ws0\">2<span class=\"_ _208\"> </span></div></td><td class=\"c n x459 y1f54 w14c h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa5 wsa6\">1,<span class=\"_ _4\"></span>4<span class=\"_ _4\"></span>9<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td><td class=\"c n x45a y1f54 w14d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa9 wsaa\">1,<span class=\"_ _4\"></span>6<span class=\"_ _5\"></span>21<span class=\"_ _208\"> </span></div></td><td class=\"c n x45b y1f54 w2a3 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls8b ws8a\">12<span class=\"_ _208\"> </span></div></td><td class=\"c n x45c y1f54 w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w1a9 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal<span class=\"_ _208\"> </span></div></td><td class=\"c n x45d y1f44 w2a4 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsac wsac\">32,<span class=\"_ _4\"></span>204<span class=\"_ _208\"> </span></div></td><td class=\"c n x45e y1f44 w175 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls128 ws125\">3<span class=\"_ _4\"></span>3,<span class=\"_ _4\"></span>872<span class=\"_ _208\"> </span></div></td><td class=\"c n x45f y1f44 w2a5 h9b\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls25 ws24\">8,7<span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>5<span class=\"_ _208\"> </span></div></td><td class=\"c n x460 y1f44 w2a6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls58 ws53\">9,8<span class=\"_ _4\"></span>20<span class=\"_ _208\"> </span></div></td></tr></table>1 <span class=\"_ _11\"> </span>Re<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>sent<span class=\"_ _4\"></span>s amo<span class=\"_ _4\"></span>unts p<span class=\"_ _4\"></span>aid to re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d par<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s for i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tmen<span class=\"_ _4\"></span>t adv<span class=\"_ _4\"></span>iso<span class=\"_ _4\"></span>ry fe<span class=\"_ _4\"></span>es.<span class=\"_ _208\"> </span>2 <span class=\"_ _11\"> </span>Re<span class=\"_ _4\"></span>pre<span class=\"_ _4\"></span>sent<span class=\"_ _4\"></span>s amo<span class=\"_ _4\"></span>unts p<span class=\"_ _4\"></span>aid to re<span class=\"_ _4\"></span>late<span class=\"_ _4\"></span>d par<span class=\"_ _4\"></span>tie<span class=\"_ _4\"></span>s to acq<span class=\"_ _4\"></span>uir<span class=\"_ _4\"></span>e or ma<span class=\"_ _4\"></span>ke inve<span class=\"_ _4\"></span>stme<span class=\"_ _4\"></span>nts or a<span class=\"_ _4\"></span>dvi<span class=\"_ _4\"></span>sor<span class=\"_ _4\"></span>y fe<span class=\"_ _4\"></span>es as<span class=\"_ _4\"></span>soc<span class=\"_ _4\"></span>iate<span class=\"_ _4\"></span>d with i<span class=\"_ _4\"></span>nves<span class=\"_ _4\"></span>tme<span class=\"_ _4\"></span>nts wh<span class=\"_ _4\"></span>ich a<span class=\"_ _4\"></span>re sub<span class=\"_ _4\"></span>seq<span class=\"_ _4\"></span>uen<span class=\"_ _4\"></span>tly re<span class=\"_ _4\"></span>cord<span class=\"_ _4\"></span>ed in t<span class=\"_ _4\"></span>he ba<span class=\"_ _4\"></span>lan<span class=\"_ _4\"></span>ce sh<span class=\"_ _4\"></span>eet.<span class=\"_ _208\"> </span>INVESTMENT<span class=\"_ _6\"></span> ADVISOR<span class=\"_ _6\"></span>Y ARRANGEMENTS<span class=\"_ _208\"> </span>Investment advisory fees payable during the year are calculated as follows:<span class=\"_ _208\"> </span>For existing construction assets: <span class=\"_ _19\"></span>\u2013<span class=\"_ _13\"> </span>1.2% per annum of gross asset value of investments bearing construction risk.<span class=\"_ _208\"> </span>For existing fully operational assets: <span class=\"_ _19\"></span>\u2013<span class=\"_ _13\"> </span>1.2% per annum of the gross asset value (\u2018GA<span class=\"_ _6\"></span>V\u2019) excluding uncommitted cash from capital raisings up to \u00a3750 m; <span class=\"_ _19\"></span>\u2013<span class=\"_ _13\"> </span>1.0% per annum where GA<span class=\"_ _6\"></span>V (excluding uncommitted cash from capital raisings) is between \u00a3750 m and \u00a31.5 bn; <span class=\"_ _19\"></span>\u2013<span class=\"_ _13\"> </span>0.9% per annum where GA<span class=\"_ _6\"></span>V (excluding uncommitted cash from capital raisings) is between \u00a31.5 bn and \u00a32.75 bn; <span class=\"_ _19\"></span>\u2013<span class=\"_ _13\"> </span>0.8% per annum where GA<span class=\"_ _6\"></span>V (excluding uncommitted cash from capital raisings) value exceeds \u00a32.75 bn.<span class=\"_ _208\"> </span>Asset origination fees in connection with new acquisitions are charged at a rate of 1.5% of the value of new acquisitions.<span class=\"_ _208\"> </span>The IAA can be terminated where less than 95% of the Gr<span class=\"_ _6\"></span>oup\u2019<span class=\"_ _1\"></span>s assets are available for use for certain periods and the Investment Adviser fails to implement a remediation plan agr<span class=\"_ _6\"></span>eed with the Group. The IAA may also be terminated by either party giving to the other five years notice of termination, expiring at any time after 10 years from the date of the IAA.<span class=\"_ _208\"> </span>Following the year end, the Board and the Investment Adviser agr<span class=\"_ _6\"></span>eed to a change in the fee basis effective from 1 July 2025. For further information on these changes see page 73.<span class=\"_ _208\"> </span>As at 31 December 2024, the Amber Group held 8,002,379 (December 2023: 8,002,379) shar<span class=\"_ _6\"></span>es in the Company<span class=\"_ _6\"></span>. The shares held by the Investment Adviser in the Company helps further strengthen the alignment of inter<span class=\"_ _6\"></span>ests between the two parties. TRA<span class=\"_ _4\"></span>NSACTIONS WITH DIRECTORS<span class=\"_ _208\"> </span>Shares acquir<span class=\"_ _6\"></span>ed by Directors in the year are disclosed below:<span class=\"_ _208\"> </span><table class=\"s w2a7 hc7\" id=\"_0dcaadaf-1f6b-45e7-a198-bbb36737b5bd\"><tr><td></td><td class=\"t m1 x461 h2b y20de ff1 fsd fc0 sc0 ls0 ws0\">Number of New Ordinary Shares<span class=\"_ _208\"> </span></td><td></td></tr><tr><td></td><td class=\"t m1 x21e h2b y20df ff1 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended </td><td class=\"t m1 x21f h14 y20df ff4 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended </td></tr><tr><td class=\"t m1 x1d4 h14 y20e0 ff4 fsd fc0 sc0 ls0 ws0\">Director<span class=\"_ _208\"> </span></td><td class=\"t m1 x220 h2b y20e1 ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x221 h14 y20e1 ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y1fad w2a8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Mike Gerrard<span class=\"_ _208\"> </span></div></td><td class=\"c n x30e y1fad w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td><td class=\"c n x462 y1fad w2a9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls17 ws18\">36,<span class=\"_ _2\"></span>342<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f27 w2aa h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Julia Bond<span class=\"_ _208\"> </span></div></td><td class=\"c n x463 y1f27 w2ab h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa3 wsa4\">17,<span class=\"_ _5\"> </span>5<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _208\"> </span></div></td><td class=\"c n x464 y1f27 w2ac h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">8<span class=\"_ _5\"></span>,15<span class=\"_ _5\"></span>2<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1fae w2ad h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Stephanie Coxon<span class=\"_ _208\"> </span></div></td><td class=\"c n x465 y1fae w2ae h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa8 wsa9\">15<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _208\"> </span></div></td><td class=\"c n x466 y1fae w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f54 w2af h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Meriel Lenfestey<span class=\"_ _208\"> </span></div></td><td class=\"c n x467 y1f54 w2b0 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls10f ws107\">8,<span class=\"_ _6\"></span>000<span class=\"_ _208\"> </span></div></td><td class=\"c n x468 y1f54 w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w2b1 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal purchased<span class=\"_ _208\"> </span></div></td><td class=\"c n x469 y1f44 w2b2 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls131 ws12f\">41,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>7<span class=\"_ _208\"> </span></div></td><td class=\"c n x46a y1f44 w2b3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls58 ws53\">4<span class=\"_ _4\"></span>4,49<span class=\"_ _4\"></span>4<span class=\"_ _208\"> </span></div></td></tr></table>Remuneration paid to the Non-Executive Directors is disclosed on page 72. Dir<span class=\"_ _6\"></span>ectors received dividends on total shares held as disclosed on page 73, in accordance with the appr<span class=\"_ _6\"></span>oved dividends detailed under note 15.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-217": {
   "value": "TRA<span class=\"_ _4\"></span>NSACTIONS WITH DIRECTORS<span class=\"_ _208\"> </span>Shares acquir<span class=\"_ _6\"></span>ed by Directors in the year are disclosed below:<span class=\"_ _208\"> </span><table class=\"s w2a7 hc7\" id=\"_0dcaadaf-1f6b-45e7-a198-bbb36737b5bd\"><tr><td></td><td class=\"t m1 x461 h2b y20de ff1 fsd fc0 sc0 ls0 ws0\">Number of New Ordinary Shares<span class=\"_ _208\"> </span></td><td></td></tr><tr><td></td><td class=\"t m1 x21e h2b y20df ff1 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended </td><td class=\"t m1 x21f h14 y20df ff4 fsd fc0 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ear ended </td></tr><tr><td class=\"t m1 x1d4 h14 y20e0 ff4 fsd fc0 sc0 ls0 ws0\">Director<span class=\"_ _208\"> </span></td><td class=\"t m1 x220 h2b y20e1 ff1 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"t m1 x221 h14 y20e1 ff4 fsd fc0 sc0 ls0 ws0\">31 December 2023<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y1fad w2a8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Mike Gerrard<span class=\"_ _208\"> </span></div></td><td class=\"c n x30e y1fad w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td><td class=\"c n x462 y1fad w2a9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls17 ws18\">36,<span class=\"_ _2\"></span>342<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f27 w2aa h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Julia Bond<span class=\"_ _208\"> </span></div></td><td class=\"c n x463 y1f27 w2ab h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa3 wsa4\">17,<span class=\"_ _5\"> </span>5<span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>2<span class=\"_ _208\"> </span></div></td><td class=\"c n x464 y1f27 w2ac h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls115 ws10d\">8<span class=\"_ _5\"></span>,15<span class=\"_ _5\"></span>2<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1fae w2ad h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Stephanie Coxon<span class=\"_ _208\"> </span></div></td><td class=\"c n x465 y1fae w2ae h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 lsa8 wsa9\">15<span class=\"_ _4\"></span>,<span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>5<span class=\"_ _208\"> </span></div></td><td class=\"c n x466 y1fae w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f54 w2af h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Meriel Lenfestey<span class=\"_ _208\"> </span></div></td><td class=\"c n x467 y1f54 w2b0 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls10f ws107\">8,<span class=\"_ _6\"></span>000<span class=\"_ _208\"> </span></div></td><td class=\"c n x468 y1f54 w6d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u2013<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w2b1 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>otal purchased<span class=\"_ _208\"> </span></div></td><td class=\"c n x469 y1f44 w2b2 h9f\"><div class=\"t m1 x19a h8 y1f07 ff1 fs0 fc0 sc0 ls131 ws12f\">41,<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>7<span class=\"_ _208\"> </span></div></td><td class=\"c n x46a y1f44 w2b3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls58 ws53\">4<span class=\"_ _4\"></span>4,49<span class=\"_ _4\"></span>4<span class=\"_ _208\"> </span></div></td></tr></table>Remuneration paid to the Non-Executive Directors is disclosed on page 72. Dir<span class=\"_ _6\"></span>ectors received dividends on total shares held as disclosed on page 73, in accordance with the appr<span class=\"_ _6\"></span>oved dividends detailed under note 15.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-186": {
   "value": "<div class=\"t m1 h2 ff1 fs0 fc3 sc0 ls17 ws18 gs1d6\">18. <span class=\"_ _119\"> </span>CONTING<span class=\"_ _4\"></span>ENT LIABILITIES AND COM<span class=\"_ _4\"></span>MITMENTS<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1d7\">As at 31 December 2024 the Group has committed funding of up to c.\u00a321.5m (December 2023: c.\u00a319.7m), which includes committed </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1d8\">investment amounts as noted in the Strategic Report on pages 18 to 20, as well as guaranteed amounts not necessarily forecast to be cash </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1d9\">invested which includes letters of credit under the CDF and a deferr<span class=\"_ _6\"></span>ed commitment of c.\u00a32.6m for BeNEX (December 2023: \u00a33.3m) which is </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1da\">due to be settled from futur<span class=\"_ _6\"></span>e returns generated by BeNEX.<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1db\">There wer<span class=\"_ _6\"></span>e no other contingent liabilities at the date of this Report.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-218": {
   "value": "18. <span class=\"_ _119\"> </span>CONTING<span class=\"_ _4\"></span>ENT LIABILITIES AND COM<span class=\"_ _4\"></span>MITMENTS<span class=\"_ _208\"> </span>As at 31 December 2024 the Group has committed funding of up to c.\u00a321.5m (December 2023: c.\u00a319.7m), which includes committed investment amounts as noted in the Strategic Report on pages 18 to 20, as well as guaranteed amounts not necessarily forecast to be cash invested which includes letters of credit under the CDF and a deferr<span class=\"_ _6\"></span>ed commitment of c.\u00a32.6m for BeNEX (December 2023: \u00a33.3m) which is due to be settled from futur<span class=\"_ _6\"></span>e returns generated by BeNEX.<span class=\"_ _208\"> </span>There wer<span class=\"_ _6\"></span>e no other contingent liabilities at the date of this Report.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-205": {
   "value": "18. <span class=\"_ _119\"> </span>CONTING<span class=\"_ _4\"></span>ENT LIABILITIES AND COM<span class=\"_ _4\"></span>MITMENTS<span class=\"_ _208\"> </span>As at 31 December 2024 the Group has committed funding of up to c.\u00a321.5m (December 2023: c.\u00a319.7m), which includes committed investment amounts as noted in the Strategic Report on pages 18 to 20, as well as guaranteed amounts not necessarily forecast to be cash invested which includes letters of credit under the CDF and a deferr<span class=\"_ _6\"></span>ed commitment of c.\u00a32.6m for BeNEX (December 2023: \u00a33.3m) which is due to be settled from futur<span class=\"_ _6\"></span>e returns generated by BeNEX.<span class=\"_ _208\"> </span>There wer<span class=\"_ _6\"></span>e no other contingent liabilities at the date of this Report.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-187": {
   "value": "<div class=\"t m1 h2 ff1 fs0 fc3 sc0 ls0 ws0 gs1dd\">19. <span class=\"_ _119\"> </span>E<span class=\"_ _4\"></span>VE<span class=\"_ _4\"></span>NTS A<span class=\"_ _4\"></span>FTE<span class=\"_ _4\"></span>R BA<span class=\"_ _4\"></span>LA<span class=\"_ _4\"></span>NCE S<span class=\"_ _4\"></span>HE<span class=\"_ _4\"></span>ET<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1de\">In March, the Company agr<span class=\"_ _6\"></span>eed to sell its minority interests in seven UK education PPPs to an existing co-shareholder for total proceeds of </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1df\">c.\u00a38m which is in line with the 31 December 2024 carrying value.<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1e0\">Following the year end, the Board and the Investment Adviser agr<span class=\"_ _6\"></span>eed to a change in the Company\u2019<span class=\"_ _1\"></span>s Investment Advisory fee basis effective </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1e1\">from 1 July 2025. For further information on these changes see page 77.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-188": {
   "value": "20. <span class=\"_ _119\"> </span>OTHER MAND<span class=\"_ _6\"></span>A<span class=\"_ _6\"></span>TOR<span class=\"_ _6\"></span>Y DISCLOSURES<span class=\"_ _208\"> </span>NE<span class=\"_ _4\"></span>W ST<span class=\"_ _6\"></span>A<span class=\"_ _4\"></span>NDAR<span class=\"_ _4\"></span>DS THAT THE GR<span class=\"_ _4\"></span>OUP H<span class=\"_ _4\"></span>AS APPL<span class=\"_ _4\"></span>IED F<span class=\"_ _4\"></span>ROM 1 JAN<span class=\"_ _4\"></span>UARY 20<span class=\"_ _4\"></span>24 Standards and amendments to standar<span class=\"_ _6\"></span>ds applicable to the Group that became effective during the year are listed below<span class=\"_ _1\"></span>. These have no material impact on the reported performance or financial statements of the Gr<span class=\"_ _6\"></span>oup. <span class=\"_ _19\"></span>\u2013<span class=\"_ _13\"> </span>Amendments to IAS 7 and IFRS 7 Supplier Finance Arrangements (1 January 2024) <span class=\"_ _19\"></span>\u2013<span class=\"_ _13\"> </span>Amendments to IAS 1 Classification of liabilities (1 January 2024)<span class=\"_ _208\"> </span>ST<span class=\"_ _6\"></span>A<span class=\"_ _4\"></span>NDAR<span class=\"_ _4\"></span>DS IS<span class=\"_ _4\"></span>SU<span class=\"_ _4\"></span>ED BU<span class=\"_ _4\"></span>T NOT YE<span class=\"_ _4\"></span>T EFF<span class=\"_ _4\"></span>ECTI<span class=\"_ _4\"></span>VE <span class=\"_ _19\"></span>\u2013<span class=\"_ _13\"> </span>Standards applicable to the Group which are issued but not yet ef<span class=\"_ _6\"></span>fective up to the date of issuance of the Group\u2019<span class=\"_ _3\"></span>s financial statements are listed below<span class=\"_ _6\"></span>. This listing is of standards and interpretations issued, which the Gr<span class=\"_ _6\"></span>oup reasonably expects to be applicable at a future date. The Group intends to adopt these standar<span class=\"_ _6\"></span>ds when they become effective, however does not currently anticipate the standards to have a significant impact on the Group\u2019<span class=\"_ _3\"></span>s financial statements. Current assumptions r<span class=\"_ _2\"></span>egarding the impact of futur<span class=\"_ _2\"></span>e standards will r<span class=\"_ _6\"></span>emain under consideration in light of interpretation notes as and when they ar<span class=\"_ _6\"></span>e issued. <span class=\"_ _19\"></span>\u2013<span class=\"_ _13\"> </span>Amendments to IAS 21 Effects of Changes in Foreign Exchange Rates (1 January 2025);<span class=\"_ _208\"> </span>UNCONSOLID<span class=\"_ _6\"></span>A<span class=\"_ _1\"></span>TED SUBSIDIARIES<span class=\"_ _208\"> </span>A list of the significant investments in unconsolidated subsidiaries, including the name, country of incorporation as at 31 December 2024 and proportion of ownership is shown below:<span class=\"_ _208\"> </span><table class=\"s w2b4 hc8\" id=\"_afaf2b9e-1603-4f8f-aa14-e3b92a4c31e2\"><tr><td></td><td class=\"t m1 x46b h14 y20e2 ff4 fsd fc0 sc0 ls0 ws0\">Place of incorporation </td><td class=\"t m1 x46c h14 y20e3 ff4 fsd fc0 sc0 ls0 ws0\">Proportion of  </td></tr><tr><td></td><td class=\"t m1 x46d h14 y20e4 ff4 fsd fc0 sc0 ls0 ws0\">(or registration) and </td><td class=\"t m1 x46e h14 y20e5 ff4 fsd fc0 sc0 ls0 ws0\">ownership  </td></tr><tr><td class=\"t m1 x19f h14 y20e6 ff4 fsd fc0 sc0 ls0 ws0\">Name<span class=\"_ _208\"> </span></td><td class=\"t m1 x46f h14 y20e7 ff4 fsd fc0 sc0 ls0 ws0\">operation<span class=\"_ _208\"> </span></td><td class=\"t m1 x470 h14 y20e8 ff4 fsd fc0 sc0 ls0 ws0\">interest %<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y20e9 w2b5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Abingdon Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y20e9 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y20e9 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20ea w2b7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Aggregator PLC<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y20ea w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y20ea w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20eb w2b8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Access Justice Durham Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x475 y20eb w1ba h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Canada<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y20eb w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20ec w2b9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">AKS Betriebs GmbH &amp; Co. KG<span class=\"_ _208\"> </span></div></td><td class=\"c n x476 y20ec w2ba h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Germany<span class=\"_ _208\"> </span></div></td><td class=\"c n x477 y20ec w2bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">98<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20ed w2bc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">ASV Project LP<span class=\"_ _208\"> </span></div></td><td class=\"c n x478 y20ed w2bd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">New Zealand<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y20ed w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20ee w2be h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">BBPP Alberta Schools Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x475 y20ee w1ba h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Canada<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y20ee w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20ef w2bf h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Blackburn with Darwen Phase 1 Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y20ef w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y20ef w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f0 w2bf h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Blackburn with Darwen Phase 2 Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y20f0 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y20f0 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f1 w2c0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">BPSL No. 2 Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x479 y20f1 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x47a y20f1 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f2 w2c1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Building Schools for the Future Investments LLP<span class=\"_ _208\"> </span></div></td><td class=\"c n x47b y20f2 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x47c y20f2 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f3 w2c2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Calderdale Schools Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x47d y20f3 w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x47e y20f3 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f4 w2c4 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">CHP Unit T<span class=\"_ _1\"></span>rust<span class=\"_ _208\"> </span></div></td><td class=\"c n x47f y20f4 w1b5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Australia<span class=\"_ _208\"> </span></div></td><td class=\"c n x480 y20f4 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f5 w2c5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Derby City BSF Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y20f5 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x477 y20f5 w2bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">90<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f6 w2c6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Derbyshire Courts Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y20f6 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y20f6 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f7 w2c7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Derbyshire Schools<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y20f7 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y20f7 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f8 w2c8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Derbyshire Schools Phase T<span class=\"_ _3\"></span>wo Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x481 y20f8 w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x482 y20f8 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f9 w2c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Essex Schools Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x483 y20f9 w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x484 y20f9 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20fa w2ca h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Future Ealing Phase 1 Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x485 y20fa w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x486 y20fa w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20fb w2cb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Future Schools Partners LP<span class=\"_ _208\"> </span></div></td><td class=\"c n x487 y20fb w2cc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">New Zealand<span class=\"_ _208\"> </span></div></td><td class=\"c n x488 y20fb w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20fc w2cd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">4 Futures Phase 1 Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y20fc w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x489 y20fc w2bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">90<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20fd w2cd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">4 Futures Phase 2 Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y20fd w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x489 y20fd w2bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">90<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20fe w2ce h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Hertfordshir<span class=\"_ _6\"></span>e Schools Building Partnership Phase 1 Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x48a y20fe w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x48b y20fe w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20ff w2cf h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">H&amp;W Courts Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x48c y20ff w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x48d y20ff w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2100 w2d0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">INPP Infrastructure Germany GmbH &amp; Co. KG<span class=\"_ _208\"> </span></div></td><td class=\"c n x48e y2100 w2d1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Germany<span class=\"_ _208\"> </span></div></td><td class=\"c n x48f y2100 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2101 w2d2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Inspire Partnership Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y2101 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y2101 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2102 w2d3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">IPP CCC Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x490 y2102 w2d4 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Ireland<span class=\"_ _208\"> </span></div></td><td class=\"c n x491 y2102 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206c w2d5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Inspiredspaces Durham (Pr<span class=\"_ _6\"></span>oject Co 1) Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y206c w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y206c w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2103 w2d6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Kent PFI (Project Co 1) Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x492 y2103 w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x493 y2103 w2bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">58<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206e w2d7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Inspiredspaces Nottingham (Pr<span class=\"_ _6\"></span>oject Co 1) Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x494 y206e w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x495 y206e w2bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">90<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2104 w2d7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Inspiredspaces Nottingham (Pr<span class=\"_ _6\"></span>oject Co 2) Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x494 y2104 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x495 y2104 w2bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">90<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w2d8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Inspiredspaces ST<span class=\"_ _3\"></span>aG (Project Co 1) Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x481 y1f44 w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x496 y1f44 w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">90.1<span class=\"_ _208\"> </span></div></td></tr></table><div class=\"gs1f5\"><table class=\"s w2d9 hc9\" id=\"_0f146842-8ed1-4238-b292-4855d81e8b60\"><tr><td></td><td class=\"t m1 x497 h14 y2105 ff4 fsd fc0 sc0 ls0 ws0\">Place of incorporation </td><td class=\"t m1 x498 h14 y2106 ff4 fsd fc0 sc0 ls0 ws0\">Proportion of  </td></tr><tr><td></td><td class=\"t m1 x499 h14 y2107 ff4 fsd fc0 sc0 ls0 ws0\">(or registration) and </td><td class=\"t m1 x49a h14 y2108 ff4 fsd fc0 sc0 ls0 ws0\">ownership  </td></tr><tr><td class=\"t m1 x1d4 h14 y2109 ff4 fsd fc0 sc0 ls0 ws0\">Name<span class=\"_ _208\"> </span></td><td class=\"t m1 x1c9 h14 y210a ff4 fsd fc0 sc0 ls0 ws0\">operation<span class=\"_ _208\"> </span></td><td class=\"t m1 x49a h14 y210b ff4 fsd fc0 sc0 ls0 ws0\">interest %<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y210c w2da h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Inspiredspaces StaG (Pr<span class=\"_ _6\"></span>oject Co 2) Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x49b y210c w1ae h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x49c y210c w1c9 h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">90.1<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y210d w2db h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Inspiredspaces W<span class=\"_ _6\"></span>olverhampton (Project Co 1) Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x481 y210d w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x482 y210d w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y210e w2dc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>ransform Islington (Phase 1) Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y210e w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x477 y210e w2bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">90<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y210f w2dc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>ransform Islington (Phase 2) Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y210f w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x477 y210f w2bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">90<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20ea w2dd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">IPP (Moray Schools) Holdings Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x49d y20ea w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x47e y20ea w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2110 w2de h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Maesteg School Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y2110 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y2110 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20ec w2df h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Next Step Partners LP<span class=\"_ _208\"> </span></div></td><td class=\"c n x49e y20ec w2bd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">New Zealand<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y20ec w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2111 w2e0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Northampton Schools Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y2111 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y2111 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20ee w2e1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Northern Diabolo N.V<span class=\"_ _3\"></span>.<span class=\"_ _208\"> </span></div></td><td class=\"c n x49f y20ee w2e2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Belgium<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a0 y20ee w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2112 w2e3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Oldham BSF Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a1 y2112 w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a2 y2112 w2bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">99<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2113 w2e4 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">OPP Hobro Tinglysningsret A/S<span class=\"_ _208\"> </span></div></td><td class=\"c n x476 y2113 w2e5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Denmark<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a3 y2113 w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">66.7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f1 w2e6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">OPP \u00d8rstedskolen A/S<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a4 y20f1 w2e5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Denmark<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a5 y20f1 w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">66.7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2114 w2e7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">OPP Vildbjerg Skole A/S<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a4 y2114 w2e5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Denmark<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a5 y2114 w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">66.7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f3 w2e8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">OPP Randers P-Hus A/A<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a6 y20f3 w2e5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Denmark<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a7 y20f3 w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">66.7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2115 w2e9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">PSBP Midlands Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y2115 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a5 y2115 w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">92.5<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f5 w2ea h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Pinnacle Healthcare (OAHS) T<span class=\"_ _3\"></span>rust<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a8 y20f5 w1b5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Australia<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y20f5 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2116 w2eb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Plot B Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y2116 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y2116 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f7 w2ec h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">ShapEd NZ LP<span class=\"_ _208\"> </span></div></td><td class=\"c n x478 y20f7 w2bd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">New Zealand<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y20f7 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2117 w2ed h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">St Thomas More School Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a9 y2117 w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4aa y2117 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2118 w2ee h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">PPP Solutions (Long Bay) Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a8 y2118 w1b5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Australia<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y2118 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20fa w2ef h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">PPP Solutions (Showgrounds) T<span class=\"_ _3\"></span>rust<span class=\"_ _208\"> </span></div></td><td class=\"c n x4ab y20fa w1b5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Australia<span class=\"_ _208\"> </span></div></td><td class=\"c n x482 y20fa w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2119 w2f0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Strathclyde Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y2119 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y2119 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20fc w2f1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TH Schools Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x4ac y20fc w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4ad y20fc w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y211a w2f2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC Robin Rigg OFTO Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x4ae y211a w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4af y211a w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20fe w2f3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC Barrow OFTO Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x4b0 y20fe w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4b1 y20fe w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y211b w2f4 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC Gunfleet Sands OFTO Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y211b w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y211b w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y211c w2f5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC Ormonde OFTO Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x4b2 y211c w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4b3 y211c w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2101 w14e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC Lincs OFTO Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y2101 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y2101 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206b w2f6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC Westermost Rough OFTO Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x48c y206b w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x48d y206b w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206c w2e7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC Dudgeon OFTO PLC<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y206c w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y206c w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206d w2f7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC Beatrice OFTO Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x4b4 y206d w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4b5 y206d w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206e w2f8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC Rampion OFTO Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y206e w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y206e w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206f w2f9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC East Anglia OFTO Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x4b6 y206f w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4b7 y206f w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w2fa h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC Moray East OFTO Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y1f44 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y1f44 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr></table></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1f6\">The entities listed above in aggregate r<span class=\"_ _6\"></span>epresent 53.6% (December 2023: 54.7%) of investments at fair value through profit or loss.  </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1f7\">The remaining fair value is driven fr<span class=\"_ _6\"></span>om joint ventures, associate interests and minority stakes held by the Group. </div><div class=\"t m1 h2 ff1 fs0 fc1 sc0 ls6e ws6a gs1f8\">CONSOLID<span class=\"_ _6\"></span>A<span class=\"_ _6\"></span>TED SUBSIDIARIES<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1f9\">The subsidiary undertakings of the Company<span class=\"_ _1\"></span>, all of which have been included in these consolidated financial statements are as follows:<span class=\"_ _208\"> </span></div><div class=\"gs1fa\"><table class=\"s w2d9 hca\" id=\"_765b1c92-490a-4a2a-a8fd-036d17530704\"><tr><td></td><td class=\"t m1 x497 h14 y211d ff4 fsd fc0 sc0 ls0 ws0\">Place of incorporation </td><td class=\"t m1 x498 h14 y211e ff4 fsd fc0 sc0 ls0 ws0\">Proportion of  </td></tr><tr><td></td><td class=\"t m1 x499 h14 y211f ff4 fsd fc0 sc0 ls0 ws0\">(or registration) and </td><td class=\"t m1 x49a h14 y2120 ff4 fsd fc0 sc0 ls0 ws0\">ownership  </td></tr><tr><td class=\"t m1 x1d4 h14 y2121 ff4 fsd fc0 sc0 ls0 ws0\">Name<span class=\"_ _208\"> </span></td><td class=\"t m1 x1c9 h14 y2122 ff4 fsd fc0 sc0 ls0 ws0\">operation<span class=\"_ _208\"> </span></td><td class=\"t m1 x49a h14 y2123 ff4 fsd fc0 sc0 ls0 ws0\">interest %<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y2101 w2fb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">International Public Partnerships Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x4b8 y2101 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4b9 y2101 w2fd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2102 w2fe h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">International Public Partnerships Lux 1 Sarl<span class=\"_ _208\"> </span></div></td><td class=\"c n x4ba y2102 w2ff h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsb0 wsb0\">Luxembourg<span class=\"_ _208\"> </span></div></td><td class=\"c n x4bb y2102 w2fd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206c w2fe h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">International Public Partnerships Lux 2 Sarl<span class=\"_ _208\"> </span></div></td><td class=\"c n x4ba y206c w2ff h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsb0 wsb0\">Luxembourg<span class=\"_ _208\"> </span></div></td><td class=\"c n x4bb y206c w2fd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2103 w300 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">IPP Bond Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x4bc y2103 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4bd y2103 w98 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206e w301 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">IPP Holdings 1 Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x4be y206e w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4bf y206e w98 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2104 w302 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">IPP Investments UK Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c0 y2104 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c1 y2104 w303 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w304 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">IPP Investments Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x4bc y1f44 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4bd y1f44 w98 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "inpp:DisclosureOfOtherMandatoryDisclosures",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-241": {
   "value": "NE<span class=\"_ _4\"></span>W ST<span class=\"_ _6\"></span>A<span class=\"_ _4\"></span>NDAR<span class=\"_ _4\"></span>DS THAT THE GR<span class=\"_ _4\"></span>OUP H<span class=\"_ _4\"></span>AS APPL<span class=\"_ _4\"></span>IED F<span class=\"_ _4\"></span>ROM 1 JAN<span class=\"_ _4\"></span>UARY 20<span class=\"_ _4\"></span>24 Standards and amendments to standar<span class=\"_ _6\"></span>ds applicable to the Group that became effective during the year are listed below<span class=\"_ _1\"></span>. These have no material impact on the reported performance or financial statements of the Gr<span class=\"_ _6\"></span>oup. <span class=\"_ _19\"></span>\u2013<span class=\"_ _13\"> </span>Amendments to IAS 7 and IFRS 7 Supplier Finance Arrangements (1 January 2024) <span class=\"_ _19\"></span>\u2013<span class=\"_ _13\"> </span>Amendments to IAS 1 Classification of liabilities (1 January 2024)<span class=\"_ _208\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfInitialApplicationOfStandardsOrInterpretations",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-234": {
   "value": "NE<span class=\"_ _4\"></span>W ST<span class=\"_ _6\"></span>A<span class=\"_ _4\"></span>NDAR<span class=\"_ _4\"></span>DS THAT THE GR<span class=\"_ _4\"></span>OUP H<span class=\"_ _4\"></span>AS APPL<span class=\"_ _4\"></span>IED F<span class=\"_ _4\"></span>ROM 1 JAN<span class=\"_ _4\"></span>UARY 20<span class=\"_ _4\"></span>24 Standards and amendments to standar<span class=\"_ _6\"></span>ds applicable to the Group that became effective during the year are listed below<span class=\"_ _1\"></span>. These have no material impact on the reported performance or financial statements of the Gr<span class=\"_ _6\"></span>oup. <span class=\"_ _19\"></span>\u2013<span class=\"_ _13\"> </span>Amendments to IAS 7 and IFRS 7 Supplier Finance Arrangements (1 January 2024) <span class=\"_ _19\"></span>\u2013<span class=\"_ _13\"> </span>Amendments to IAS 1 Classification of liabilities (1 January 2024)<span class=\"_ _208\"> </span>ST<span class=\"_ _6\"></span>A<span class=\"_ _4\"></span>NDAR<span class=\"_ _4\"></span>DS IS<span class=\"_ _4\"></span>SU<span class=\"_ _4\"></span>ED BU<span class=\"_ _4\"></span>T NOT YE<span class=\"_ _4\"></span>T EFF<span class=\"_ _4\"></span>ECTI<span class=\"_ _4\"></span>VE <span class=\"_ _19\"></span>\u2013<span class=\"_ _13\"> </span>Standards applicable to the Group which are issued but not yet ef<span class=\"_ _6\"></span>fective up to the date of issuance of the Group\u2019<span class=\"_ _3\"></span>s financial statements are listed below<span class=\"_ _6\"></span>. This listing is of standards and interpretations issued, which the Gr<span class=\"_ _6\"></span>oup reasonably expects to be applicable at a future date. The Group intends to adopt these standar<span class=\"_ _6\"></span>ds when they become effective, however does not currently anticipate the standards to have a significant impact on the Group\u2019<span class=\"_ _3\"></span>s financial statements. Current assumptions r<span class=\"_ _2\"></span>egarding the impact of futur<span class=\"_ _2\"></span>e standards will r<span class=\"_ _6\"></span>emain under consideration in light of interpretation notes as and when they ar<span class=\"_ _6\"></span>e issued. <span class=\"_ _19\"></span>\u2013<span class=\"_ _13\"> </span>Amendments to IAS 21 Effects of Changes in Foreign Exchange Rates (1 January 2025);<span class=\"_ _208\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-242": {
   "value": "ST<span class=\"_ _6\"></span>A<span class=\"_ _4\"></span>NDAR<span class=\"_ _4\"></span>DS IS<span class=\"_ _4\"></span>SU<span class=\"_ _4\"></span>ED BU<span class=\"_ _4\"></span>T NOT YE<span class=\"_ _4\"></span>T EFF<span class=\"_ _4\"></span>ECTI<span class=\"_ _4\"></span>VE <span class=\"_ _19\"></span>\u2013<span class=\"_ _13\"> </span>Standards applicable to the Group which are issued but not yet ef<span class=\"_ _6\"></span>fective up to the date of issuance of the Group\u2019<span class=\"_ _3\"></span>s financial statements are listed below<span class=\"_ _6\"></span>. This listing is of standards and interpretations issued, which the Gr<span class=\"_ _6\"></span>oup reasonably expects to be applicable at a future date. The Group intends to adopt these standar<span class=\"_ _6\"></span>ds when they become effective, however does not currently anticipate the standards to have a significant impact on the Group\u2019<span class=\"_ _3\"></span>s financial statements. Current assumptions r<span class=\"_ _2\"></span>egarding the impact of futur<span class=\"_ _2\"></span>e standards will r<span class=\"_ _6\"></span>emain under consideration in light of interpretation notes as and when they ar<span class=\"_ _6\"></span>e issued. <span class=\"_ _19\"></span>\u2013<span class=\"_ _13\"> </span>Amendments to IAS 21 Effects of Changes in Foreign Exchange Rates (1 January 2025);<span class=\"_ _208\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-206": {
   "value": "<div class=\"t m1 h2 ff1 fs0 fc1 sc0 ls6e ws6a gs1f0\">UNCONSOLID<span class=\"_ _6\"></span>A<span class=\"_ _1\"></span>TED SUBSIDIARIES<span class=\"_ _208\"> </span></div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1f1\">A list of the significant investments in unconsolidated subsidiaries, including the name, country of incorporation as at 31 December 2024 and </div><div class=\"t m1 h8 ff4 fs0 fc0 sc0 ls0 ws0 gs1f2\">proportion of ownership is shown below:<span class=\"_ _208\"> </span></div><div class=\"gs1f3\"><table class=\"s w2b4 hc8\" id=\"_afaf2b9e-1603-4f8f-aa14-e3b92a4c31e2\"><tr><td></td><td class=\"t m1 x46b h14 y20e2 ff4 fsd fc0 sc0 ls0 ws0\">Place of incorporation </td><td class=\"t m1 x46c h14 y20e3 ff4 fsd fc0 sc0 ls0 ws0\">Proportion of  </td></tr><tr><td></td><td class=\"t m1 x46d h14 y20e4 ff4 fsd fc0 sc0 ls0 ws0\">(or registration) and </td><td class=\"t m1 x46e h14 y20e5 ff4 fsd fc0 sc0 ls0 ws0\">ownership  </td></tr><tr><td class=\"t m1 x19f h14 y20e6 ff4 fsd fc0 sc0 ls0 ws0\">Name<span class=\"_ _208\"> </span></td><td class=\"t m1 x46f h14 y20e7 ff4 fsd fc0 sc0 ls0 ws0\">operation<span class=\"_ _208\"> </span></td><td class=\"t m1 x470 h14 y20e8 ff4 fsd fc0 sc0 ls0 ws0\">interest %<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y20e9 w2b5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Abingdon Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y20e9 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y20e9 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20ea w2b7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Aggregator PLC<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y20ea w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y20ea w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20eb w2b8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Access Justice Durham Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x475 y20eb w1ba h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Canada<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y20eb w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20ec w2b9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">AKS Betriebs GmbH &amp; Co. KG<span class=\"_ _208\"> </span></div></td><td class=\"c n x476 y20ec w2ba h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Germany<span class=\"_ _208\"> </span></div></td><td class=\"c n x477 y20ec w2bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">98<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20ed w2bc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">ASV Project LP<span class=\"_ _208\"> </span></div></td><td class=\"c n x478 y20ed w2bd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">New Zealand<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y20ed w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20ee w2be h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">BBPP Alberta Schools Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x475 y20ee w1ba h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Canada<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y20ee w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20ef w2bf h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Blackburn with Darwen Phase 1 Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y20ef w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y20ef w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f0 w2bf h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Blackburn with Darwen Phase 2 Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y20f0 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y20f0 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f1 w2c0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">BPSL No. 2 Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x479 y20f1 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x47a y20f1 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f2 w2c1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Building Schools for the Future Investments LLP<span class=\"_ _208\"> </span></div></td><td class=\"c n x47b y20f2 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x47c y20f2 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f3 w2c2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Calderdale Schools Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x47d y20f3 w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x47e y20f3 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f4 w2c4 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">CHP Unit T<span class=\"_ _1\"></span>rust<span class=\"_ _208\"> </span></div></td><td class=\"c n x47f y20f4 w1b5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Australia<span class=\"_ _208\"> </span></div></td><td class=\"c n x480 y20f4 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f5 w2c5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Derby City BSF Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y20f5 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x477 y20f5 w2bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">90<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f6 w2c6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Derbyshire Courts Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y20f6 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y20f6 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f7 w2c7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Derbyshire Schools<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y20f7 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y20f7 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f8 w2c8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Derbyshire Schools Phase T<span class=\"_ _3\"></span>wo Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x481 y20f8 w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x482 y20f8 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f9 w2c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Essex Schools Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x483 y20f9 w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x484 y20f9 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20fa w2ca h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Future Ealing Phase 1 Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x485 y20fa w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x486 y20fa w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20fb w2cb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Future Schools Partners LP<span class=\"_ _208\"> </span></div></td><td class=\"c n x487 y20fb w2cc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">New Zealand<span class=\"_ _208\"> </span></div></td><td class=\"c n x488 y20fb w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20fc w2cd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">4 Futures Phase 1 Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y20fc w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x489 y20fc w2bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">90<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20fd w2cd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">4 Futures Phase 2 Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y20fd w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x489 y20fd w2bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">90<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20fe w2ce h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Hertfordshir<span class=\"_ _6\"></span>e Schools Building Partnership Phase 1 Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x48a y20fe w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x48b y20fe w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20ff w2cf h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">H&amp;W Courts Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x48c y20ff w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x48d y20ff w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2100 w2d0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">INPP Infrastructure Germany GmbH &amp; Co. KG<span class=\"_ _208\"> </span></div></td><td class=\"c n x48e y2100 w2d1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Germany<span class=\"_ _208\"> </span></div></td><td class=\"c n x48f y2100 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2101 w2d2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Inspire Partnership Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y2101 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y2101 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2102 w2d3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">IPP CCC Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x490 y2102 w2d4 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Ireland<span class=\"_ _208\"> </span></div></td><td class=\"c n x491 y2102 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206c w2d5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Inspiredspaces Durham (Pr<span class=\"_ _6\"></span>oject Co 1) Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y206c w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y206c w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2103 w2d6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Kent PFI (Project Co 1) Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x492 y2103 w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x493 y2103 w2bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">58<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206e w2d7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Inspiredspaces Nottingham (Pr<span class=\"_ _6\"></span>oject Co 1) Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x494 y206e w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x495 y206e w2bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">90<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2104 w2d7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Inspiredspaces Nottingham (Pr<span class=\"_ _6\"></span>oject Co 2) Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x494 y2104 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x495 y2104 w2bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">90<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w2d8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Inspiredspaces ST<span class=\"_ _3\"></span>aG (Project Co 1) Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x481 y1f44 w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x496 y1f44 w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">90.1<span class=\"_ _208\"> </span></div></td></tr></table></div><table class=\"s w2d9 hc9\" id=\"_0f146842-8ed1-4238-b292-4855d81e8b60\"><tr><td></td><td class=\"t m1 x497 h14 y2105 ff4 fsd fc0 sc0 ls0 ws0\">Place of incorporation </td><td class=\"t m1 x498 h14 y2106 ff4 fsd fc0 sc0 ls0 ws0\">Proportion of  </td></tr><tr><td></td><td class=\"t m1 x499 h14 y2107 ff4 fsd fc0 sc0 ls0 ws0\">(or registration) and </td><td class=\"t m1 x49a h14 y2108 ff4 fsd fc0 sc0 ls0 ws0\">ownership  </td></tr><tr><td class=\"t m1 x1d4 h14 y2109 ff4 fsd fc0 sc0 ls0 ws0\">Name<span class=\"_ _208\"> </span></td><td class=\"t m1 x1c9 h14 y210a ff4 fsd fc0 sc0 ls0 ws0\">operation<span class=\"_ _208\"> </span></td><td class=\"t m1 x49a h14 y210b ff4 fsd fc0 sc0 ls0 ws0\">interest %<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y210c w2da h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Inspiredspaces StaG (Pr<span class=\"_ _6\"></span>oject Co 2) Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x49b y210c w1ae h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x49c y210c w1c9 h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">90.1<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y210d w2db h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Inspiredspaces W<span class=\"_ _6\"></span>olverhampton (Project Co 1) Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x481 y210d w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x482 y210d w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y210e w2dc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>ransform Islington (Phase 1) Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y210e w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x477 y210e w2bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">90<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y210f w2dc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>ransform Islington (Phase 2) Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y210f w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x477 y210f w2bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">90<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20ea w2dd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">IPP (Moray Schools) Holdings Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x49d y20ea w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x47e y20ea w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2110 w2de h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Maesteg School Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y2110 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y2110 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20ec w2df h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Next Step Partners LP<span class=\"_ _208\"> </span></div></td><td class=\"c n x49e y20ec w2bd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">New Zealand<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y20ec w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2111 w2e0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Northampton Schools Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y2111 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y2111 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20ee w2e1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Northern Diabolo N.V<span class=\"_ _3\"></span>.<span class=\"_ _208\"> </span></div></td><td class=\"c n x49f y20ee w2e2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Belgium<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a0 y20ee w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2112 w2e3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Oldham BSF Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a1 y2112 w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a2 y2112 w2bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">99<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2113 w2e4 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">OPP Hobro Tinglysningsret A/S<span class=\"_ _208\"> </span></div></td><td class=\"c n x476 y2113 w2e5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Denmark<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a3 y2113 w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">66.7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f1 w2e6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">OPP \u00d8rstedskolen A/S<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a4 y20f1 w2e5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Denmark<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a5 y20f1 w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">66.7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2114 w2e7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">OPP Vildbjerg Skole A/S<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a4 y2114 w2e5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Denmark<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a5 y2114 w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">66.7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f3 w2e8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">OPP Randers P-Hus A/A<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a6 y20f3 w2e5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Denmark<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a7 y20f3 w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">66.7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2115 w2e9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">PSBP Midlands Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y2115 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a5 y2115 w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">92.5<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f5 w2ea h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Pinnacle Healthcare (OAHS) T<span class=\"_ _3\"></span>rust<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a8 y20f5 w1b5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Australia<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y20f5 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2116 w2eb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Plot B Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y2116 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y2116 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f7 w2ec h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">ShapEd NZ LP<span class=\"_ _208\"> </span></div></td><td class=\"c n x478 y20f7 w2bd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">New Zealand<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y20f7 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2117 w2ed h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">St Thomas More School Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a9 y2117 w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4aa y2117 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2118 w2ee h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">PPP Solutions (Long Bay) Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a8 y2118 w1b5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Australia<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y2118 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20fa w2ef h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">PPP Solutions (Showgrounds) T<span class=\"_ _3\"></span>rust<span class=\"_ _208\"> </span></div></td><td class=\"c n x4ab y20fa w1b5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Australia<span class=\"_ _208\"> </span></div></td><td class=\"c n x482 y20fa w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2119 w2f0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Strathclyde Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y2119 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y2119 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20fc w2f1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TH Schools Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x4ac y20fc w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4ad y20fc w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y211a w2f2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC Robin Rigg OFTO Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x4ae y211a w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4af y211a w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20fe w2f3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC Barrow OFTO Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x4b0 y20fe w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4b1 y20fe w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y211b w2f4 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC Gunfleet Sands OFTO Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y211b w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y211b w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y211c w2f5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC Ormonde OFTO Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x4b2 y211c w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4b3 y211c w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2101 w14e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC Lincs OFTO Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y2101 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y2101 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206b w2f6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC Westermost Rough OFTO Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x48c y206b w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x48d y206b w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206c w2e7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC Dudgeon OFTO PLC<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y206c w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y206c w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206d w2f7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC Beatrice OFTO Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x4b4 y206d w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4b5 y206d w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206e w2f8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC Rampion OFTO Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y206e w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y206e w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206f w2f9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC East Anglia OFTO Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x4b6 y206f w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4b7 y206f w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w2fa h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC Moray East OFTO Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y1f44 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y1f44 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr></table>The entities listed above in aggregate r<span class=\"_ _6\"></span>epresent 53.6% (December 2023: 54.7%) of investments at fair value through profit or loss.  The remaining fair value is driven fr<span class=\"_ _6\"></span>om joint ventures, associate interests and minority stakes held by the Group. CONSOLID<span class=\"_ _6\"></span>A<span class=\"_ _6\"></span>TED SUBSIDIARIES<span class=\"_ _208\"> </span>The subsidiary undertakings of the Company<span class=\"_ _1\"></span>, all of which have been included in these consolidated financial statements are as follows:<span class=\"_ _208\"> </span><table class=\"s w2d9 hca\" id=\"_765b1c92-490a-4a2a-a8fd-036d17530704\"><tr><td></td><td class=\"t m1 x497 h14 y211d ff4 fsd fc0 sc0 ls0 ws0\">Place of incorporation </td><td class=\"t m1 x498 h14 y211e ff4 fsd fc0 sc0 ls0 ws0\">Proportion of  </td></tr><tr><td></td><td class=\"t m1 x499 h14 y211f ff4 fsd fc0 sc0 ls0 ws0\">(or registration) and </td><td class=\"t m1 x49a h14 y2120 ff4 fsd fc0 sc0 ls0 ws0\">ownership  </td></tr><tr><td class=\"t m1 x1d4 h14 y2121 ff4 fsd fc0 sc0 ls0 ws0\">Name<span class=\"_ _208\"> </span></td><td class=\"t m1 x1c9 h14 y2122 ff4 fsd fc0 sc0 ls0 ws0\">operation<span class=\"_ _208\"> </span></td><td class=\"t m1 x49a h14 y2123 ff4 fsd fc0 sc0 ls0 ws0\">interest %<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y2101 w2fb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">International Public Partnerships Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x4b8 y2101 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4b9 y2101 w2fd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2102 w2fe h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">International Public Partnerships Lux 1 Sarl<span class=\"_ _208\"> </span></div></td><td class=\"c n x4ba y2102 w2ff h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsb0 wsb0\">Luxembourg<span class=\"_ _208\"> </span></div></td><td class=\"c n x4bb y2102 w2fd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206c w2fe h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">International Public Partnerships Lux 2 Sarl<span class=\"_ _208\"> </span></div></td><td class=\"c n x4ba y206c w2ff h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsb0 wsb0\">Luxembourg<span class=\"_ _208\"> </span></div></td><td class=\"c n x4bb y206c w2fd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2103 w300 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">IPP Bond Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x4bc y2103 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4bd y2103 w98 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206e w301 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">IPP Holdings 1 Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x4be y206e w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4bf y206e w98 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2104 w302 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">IPP Investments UK Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c0 y2104 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c1 y2104 w303 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w304 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">IPP Investments Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x4bc y1f44 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4bd y1f44 w98 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td></tr></table>21<span class=\"_ _6\"></span>. INV<span class=\"_ _4\"></span>ESTMENTS<span class=\"_ _208\"> </span>The Group holds 141 investments acr<span class=\"_ _6\"></span>oss energy transmission, education, transport, health, judicial, waste water<span class=\"_ _6\"></span>, family housing for service<span class=\"_ _208\"> </span>personnel and other sectors. The table below sets out the Group\u2019<span class=\"_ _3\"></span>s investments that are r<span class=\"_ _2\"></span>ecorded at fair value thr<span class=\"_ _2\"></span>ough profit or loss.<span class=\"_ _208\"> </span><table class=\"s w305 hcb\" id=\"_764d5556-3ae6-4586-a3d5-b57c292b2f07\"><tr><td></td><td></td><td class=\"t m1 x3c5 h14 y2124 ff4 fsd fc0 sc0 ls0 ws0\">Status at </td><td class=\"t m1 x46b h14 y2124 ff4 fsd fc0 sc0 ls0 ws0\">Per cent. Risk Capital<span class=\"_ _208\"> </span></td><td></td></tr><tr><td class=\"c n x19b y2125 w306 h9c\"><div class=\"t m1 x19a h14 y2022 ff4 fsd fc0 sc0 ls0 ws0\">Investment Name<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c2 y2125 w307 h9c\"><div class=\"t m1 x19a h14 y2022 ff4 fsd fc0 sc0 ls0 ws0\">Country<span class=\"_ _208\"> </span></div></td><td class=\"t m1 x4c3 h14 y2126 ff4 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"c x4c5 y2125 w308 h9c\"><div class=\"t m1 x19a h14 y2022 ff4 fsd fc0 sc0 ls0 ws0\">owned by the Group</div><div class=\"t m1 x4c4 h30 y2127 ff4 fs1b fc0 sc0 ls0 ws0\">1<span class=\"_ _208\"> </span></div></td><td class=\"t m1 x4c6 h14 y2126 ff4 fsd fc0 sc0 ls0 ws0\">Investment end<span class=\"_ _208\"> </span></td></tr><tr><td class=\"t m1 x19f h2 y2128 ff1 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m1 x19f h2 y2129 ff1 fs0 fc0 sc0 ls0 ws0\">UK PPP Assets<span class=\"_ _208\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y212a w309 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Calderdale Schools<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y212a w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y212a w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c9 y212a w30c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x4ca y212a w30d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls78 ws72\">A<span class=\"_ _4\"></span>pri<span class=\"_ _4\"></span>l 2030<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y212b w30e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Derbyshire Schools Phase T<span class=\"_ _3\"></span>wo<span class=\"_ _208\"> </span></div></td><td class=\"c n x4cb y212b w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4cc y212b w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x4cd y212b w310 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x4ce y212b w311 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">February 203<span class=\"_ _6\"></span>2<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y212c w312 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Northamptonshire Schools<span class=\"_ _208\"> </span></div></td><td class=\"c n x4cf y212c w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4d0 y212c w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x4d1 y212c w310 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x4d2 y212c w313 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">December<span class=\"_ _6\"></span> 203<span class=\"_ _6\"></span>7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y212d w314 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Derbyshire Courts<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y212d w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y212d w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c9 y212d w30c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x4d3 y212d w315 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">August 2<span class=\"_ _6\"></span>028<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y212e w316 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Derbyshire Schools Phase One<span class=\"_ _208\"> </span></div></td><td class=\"c n x4d4 y212e w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4d5 y212e w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x4d6 y212e w317 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x4d7 y212e w318 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">A<span class=\"_ _4\"></span>pri<span class=\"_ _4\"></span>l 2029<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y212f w319 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">North W<span class=\"_ _6\"></span>ales Police HQ<span class=\"_ _208\"> </span></div></td><td class=\"c n x4d8 y212f w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4d9 y212f w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x4da y212f w317 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x4db y212f w31a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">December<span class=\"_ _2\"></span> 20<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>8<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2130 w31b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">St Thomas More Schools<span class=\"_ _208\"> </span></div></td><td class=\"c n x4dc y2130 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4dd y2130 w31c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">O<span class=\"_ _4\"></span>perat<span class=\"_ _6\"></span>ional<span class=\"_ _208\"> </span></div></td><td class=\"c n x4de y2130 w31d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x4df y2130 w31e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls6a ws66\">A<span class=\"_ _4\"></span>p<span class=\"_ _4\"></span>ri<span class=\"_ _4\"></span>l 20<span class=\"_ _4\"></span>28<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2131 w31f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>ower Hamlets Schools<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e0 y2131 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e1 y2131 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e2 y2131 w30c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e3 y2131 w315 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">August 2<span class=\"_ _6\"></span>027<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2132 w320 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Norfolk Police HQ<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e4 y2132 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e5 y2132 w321 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Ope<span class=\"_ _4\"></span>ra<span class=\"_ _2\"></span>tional<span class=\"_ _208\"> </span></div></td><td class=\"c n x4da y2132 w317 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e6 y2132 w322 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">December 2<span class=\"_ _6\"></span>036<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2133 w323 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Strathclyde Police T<span class=\"_ _1\"></span>raining Centre<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e7 y2133 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e8 y2133 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e9 y2133 w324 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">1<span class=\"_ _6\"></span><span class=\"lsbf wsbd\">0<span class=\"_ _4\"></span>0.0</span><span class=\"lsbf wsbd\"><span class=\"_ gs1fb\"> </span></span></div></td><td class=\"c n x4ea y2133 w325 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">Sept<span class=\"_ _6\"></span>ember 2<span class=\"_ _6\"></span>026<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2134 w326 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Herefor<span class=\"_ _6\"></span>d &amp; Worcester Courts<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y2134 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y2134 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c x4ec y2134 w327 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0</div><div class=\"t m1 x4eb h17 y1f8f ff4 fsc fc0 sc0 ls0 ws0\">2</div></td><td class=\"t m1 x4ed h8 y2135 ff4 fs0 fc0 sc0 ls13 ws14\">Sept<span class=\"_ _6\"></span>ember 2<span class=\"_ _6\"></span>025<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y2136 w328 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Abingdon Police Station<span class=\"_ _208\"> </span></div></td><td class=\"c n x4ee y2136 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4ef y2136 w329 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Ope<span class=\"_ _4\"></span>ra<span class=\"_ _2\"></span>tional<span class=\"_ _208\"> </span></div></td><td class=\"c n x4f0 y2136 w310 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x4f1 y2136 w30d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls78 ws72\">A<span class=\"_ _4\"></span>pril<span class=\"_ _4\"></span> 2030<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2137 w32a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Bootle Government Offices<span class=\"_ _208\"> </span></div></td><td class=\"c n x4f2 y2137 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4f3 y2137 w32b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">O<span class=\"_ _4\"></span>perat<span class=\"_ _6\"></span>ional<span class=\"_ _208\"> </span></div></td><td class=\"c n x4f4 y2137 w32c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x4f5 y2137 w32d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">December<span class=\"_ _2\"></span> 20<span class=\"_ _2\"></span>2<span class=\"_ _6\"></span>5<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2138 w32e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Maesteg Schools<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y2138 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y2138 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c9 y2138 w30c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x4f6 y2138 w77 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls78 ws72\">J<span class=\"_ _4\"></span>uly 20<span class=\"_ _4\"></span>33<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2139 w2ec h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Moray Schools<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y2139 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y2139 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c9 y2139 w30c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x4f7 y2139 w32f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Feb<span class=\"_ _4\"></span>ruar<span class=\"_ _4\"></span>y 2042<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y213a w330 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Liverpool Library<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y213a w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y213a w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c9 y213a w30c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x4f8 y213a w331 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Nov<span class=\"_ _6\"></span>embe<span class=\"_ _4\"></span>r<span class=\"_ _2\"></span> 203<span class=\"_ _6\"></span>7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y213b w332 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>ownlands Hospital<span class=\"_ _208\"> </span></div></td><td class=\"c n x4f9 y213b w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4fa y213b w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x4fb y213b w310 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x4fc y213b w333 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">November<span class=\"_ _2\"></span> 204<span class=\"_ _1\"></span>1<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x19f h2 y213c ff1 fs0 fc0 sc0 ls0 ws0\">Priority Schools Building Aggregator Pr<span class=\"_ _6\"></span>ogramme<span class=\"_ _208\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y213d w334 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Batch 1 \u2013 Schools in North East England<span class=\"_ _208\"> </span></div></td><td class=\"c n x4fd y213d w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4fe y213d w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c x500 y213d w335 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">0.0</div><div class=\"t m1 x4ff h17 y1f8f ff4 fsc fc0 sc0 ls0 ws0\">2</div></td><td class=\"t m1 x501 h8 y213e ff4 fs0 fc0 sc0 ls113 wsf7\"> August 2<span class=\"_ _6\"></span>040<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c x19b y20ec w336 hcc\"><div class=\"t m1 x19a h8 y213f ff4 fs0 fc0 sc0 ls0 ws0\">Batch 2 \u2013 Schools in Hertfordshir<span class=\"_ _6\"></span>e,<span class=\"_ _208\"> </span></div><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Luton and Reading<span class=\"_ _208\"> </span></div></td><td class=\"c n x502 y2110 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x503 y2110 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c x505 y2110 w337 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">0.0</div><div class=\"t m1 x504 h17 y1f8f ff4 fsc fc0 sc0 ls0 ws0\">2<span class=\"_ _208\"> </span></div></td><td class=\"c n x506 y2110 w338 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">November<span class=\"_ _2\"></span> 2040<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2111 w339 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Batch 3 \u2013 Schools in North West of England<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y2111 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y2111 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c x508 y2111 w33a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">0.0</div><div class=\"t m1 x507 h17 y1f8f ff4 fsc fc0 sc0 ls0 ws0\">2</div></td><td class=\"t m1 x501 h8 y2140 ff4 fs0 fc0 sc0 ls113 wsf7\"> August 2<span class=\"_ _6\"></span>04<span class=\"_ _6\"></span>1<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y20ee w33b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Batch 4 \u2013 Schools in the Midlands Region<span class=\"_ _208\"> </span></div></td><td class=\"c n x4cf y20ee w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4d0 y20ee w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c x50a y20ee w33c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls5f ws5a\">9<span class=\"_ _4\"></span>2.5</div><div class=\"t m1 x509 h17 y1fa9 ff4 fsc fc0 sc0 ls0 ws0\">2</div></td><td class=\"t m1 x4ed h8 y2141 ff4 fs0 fc0 sc0 ls13 ws14\"> December<span class=\"_ _2\"></span> 204<span class=\"_ _3\"></span>1<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y2112 w33d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Batch 5 \u2013 Schools in Y<span class=\"_ _1\"></span>orkshire<span class=\"_ _208\"> </span></div></td><td class=\"c n x50b y2112 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x50c y2112 w321 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Op<span class=\"_ _4\"></span>era<span class=\"_ _2\"></span>tional<span class=\"_ _208\"> </span></div></td><td class=\"c x50e y2112 w33e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">0.0</div><div class=\"t m1 x50d h17 y1f8f ff4 fsc fc0 sc0 ls0 ws0\">2</div></td><td class=\"t m1 x50f h8 y2142 ff4 fs0 fc0 sc0 ls13 ws14\"> Sept<span class=\"_ _6\"></span>ember 2<span class=\"_ _6\"></span>04<span class=\"_ _1\"></span>1<span class=\"_ _208\"> </span></td></tr><tr><td class=\"t m1 x19f h2 y2143 ff1 fs0 fc0 sc0 ls0 ws0\">OFTOs<span class=\"_ _208\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y20f1 w33f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Robin Rigg OFTO<span class=\"_ _208\"> </span></div></td><td class=\"c n x502 y20f1 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x503 y20f1 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c x511 y20f1 w340 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0</div><div class=\"t m1 x510 h17 y1f8f ff4 fsc fc0 sc0 ls0 ws0\">2</div></td><td class=\"t m1 x400 h8 y2144 ff4 fs0 fc0 sc0 ls13c ws13b\"> M<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>rc<span class=\"_ _4\"></span>h<span class=\"_ _4\"></span> 20<span class=\"_ _4\"></span>31<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y20f2 w341 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Gunfleet Sands OFTO<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y20f2 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y20f2 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c x4ec y20f2 w327 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0</div><div class=\"t m1 x4eb h17 y1fa9 ff4 fsc fc0 sc0 ls0 ws0\">2</div></td><td class=\"t m1 x512 h8 y2145 ff4 fs0 fc0 sc0 ls13c ws13b\"> J<span class=\"_ _4\"></span>u<span class=\"_ _4\"></span>l<span class=\"_ _4\"></span>y 2<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>31<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y20f3 w342 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Barrow OFTO<span class=\"_ _208\"> </span></div></td><td class=\"c n x502 y20f3 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x503 y20f3 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c x511 y20f3 w340 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0</div><div class=\"t m1 x510 h17 y1f8f ff4 fsc fc0 sc0 ls0 ws0\">2</div></td><td class=\"t m1 x513 h8 y2146 ff4 fs0 fc0 sc0 ls67 ws63\"> March 2<span class=\"_ _6\"></span>030<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y20f4 w343 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Ormonde OFTO<span class=\"_ _208\"> </span></div></td><td class=\"c n x514 y20f4 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x515 y20f4 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c x517 y20f4 w344 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0</div><div class=\"t m1 x516 h17 y1fa9 ff4 fsc fc0 sc0 ls0 ws0\">2<span class=\"_ _208\"> </span></div></td><td class=\"t m1 x518 h8 y2147 ff4 fs0 fc0 sc0 ls78 ws72\">Ju<span class=\"_ _4\"></span>ly 2032<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y20f5 w345 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Lincs OFTO<span class=\"_ _208\"> </span></div></td><td class=\"c n x519 y20f5 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x51a y20f5 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x51b y20f5 w30c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x51c y20f5 w346 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">November 2<span class=\"_ _6\"></span>034<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f6 w347 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Westermost Rough OFTO<span class=\"_ _208\"> </span></div></td><td class=\"c n x51d y20f6 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x51e y20f6 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x51f y20f6 w30c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x520 y20f6 w348 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">February 2036<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f7 w183 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Dudgeon OFTO<span class=\"_ _208\"> </span></div></td><td class=\"c n x521 y20f7 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x522 y20f7 w329 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Ope<span class=\"_ _4\"></span>ra<span class=\"_ _2\"></span>tional<span class=\"_ _208\"> </span></div></td><td class=\"c n x523 y20f7 w310 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x524 y20f7 w349 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">November 2<span class=\"_ _6\"></span>038<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2117 w34a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Beatrice OFTO<span class=\"_ _208\"> </span></div></td><td class=\"c n x525 y2117 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x526 y2117 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x527 y2117 w30c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x528 y2117 w7a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls78 ws72\">A<span class=\"_ _4\"></span>pri<span class=\"_ _4\"></span>l 2045<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f9 w34b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Rampion OFTO<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y20f9 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y20f9 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c9 y20f9 w30c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x529 y20f9 w34c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">November 2<span class=\"_ _2\"></span>04<span class=\"_ _1\"></span>1<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20fa w34d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">East Anglia OFTO<span class=\"_ _208\"> </span></div></td><td class=\"c n x52a y20fa w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x52b y20fa w31c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">O<span class=\"_ _4\"></span>perat<span class=\"_ _6\"></span>ional<span class=\"_ _208\"> </span></div></td><td class=\"c n x52c y20fa w32c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x52d y20fa w322 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">December<span class=\"_ _6\"></span> 2044<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20fb w34e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Moray East OFTO<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e0 y20fb w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e1 y20fb w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e2 y20fb w30c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x52e y20fb w34f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">Sep<span class=\"_ _6\"></span>tember 2<span class=\"_ _6\"></span>04<span class=\"_ _6\"></span>7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x19f h2 y2148 ff1 fs0 fc0 sc0 ls0 ws0\">Building Schools for the Future Portfolio<span class=\"_ _208\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m1 x19f h8 y2149 ff4 fs0 fc0 sc0 ls0 ws0\">Minority Shareholdings in 17 </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y20fe w350 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Building Schools for the Future Pr<span class=\"_ _6\"></span>ojects<span class=\"_ _208\"> </span></div></td><td class=\"c n x52f y20fe w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x530 y20fe w329 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Ope<span class=\"_ _4\"></span>ra<span class=\"_ _2\"></span>tional<span class=\"_ _208\"> </span></div></td><td class=\"c n x531 y20fe w351 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsb0 wsb0\">V<span class=\"_ _6\"></span>ar<span class=\"_ _4\"></span>ious<span class=\"_ _208\"> </span></div></td><td class=\"c n x532 y20fe w352 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsb0 wsb0\">V<span class=\"_ _6\"></span>arious<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y211b w353 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Blackburn with Darwen Phase One<span class=\"_ _208\"> </span></div></td><td class=\"c n x502 y211b w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x503 y211b w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x533 y211b w354 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x534 y211b w355 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">Sep<span class=\"_ _2\"></span>tem<span class=\"_ _2\"></span>ber 2<span class=\"_ _6\"></span>036<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2100 w356 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Blackburn with Darwen Phase T<span class=\"_ _1\"></span>wo<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e0 y2100 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e1 y2100 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e2 y2100 w30c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x535 y2100 w355 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">Sep<span class=\"_ _2\"></span>tem<span class=\"_ _2\"></span>ber 2<span class=\"_ _6\"></span>039<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2101 w357 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Integrated Bradford SPV T<span class=\"_ _3\"></span>wo Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x536 y2101 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x537 y2101 w31c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">O<span class=\"_ _4\"></span>perat<span class=\"_ _6\"></span>ional<span class=\"_ _208\"> </span></div></td><td class=\"c n x538 y2101 w358 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa7 wsa8\">3<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.7<span class=\"_ _208\"> </span></div></td><td class=\"c n x539 y2101 w359 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">Sept<span class=\"_ _6\"></span>ember 203<span class=\"_ _1\"></span>7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2102 w35a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Derby City<span class=\"_ _208\"> </span></div></td><td class=\"c n x53a y2102 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x53b y2102 w321 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Op<span class=\"_ _4\"></span>era<span class=\"_ _2\"></span>tional<span class=\"_ _208\"> </span></div></td><td class=\"c n x53c y2102 w35b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">9<span class=\"_ _4\"></span>0.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x53d y2102 w35c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">August 2<span class=\"_ _6\"></span>037<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206c w35d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Durham Schools<span class=\"_ _208\"> </span></div></td><td class=\"c n x53e y206c w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x53f y206c w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x540 y206c w310 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x541 y206c w35e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa6 wsa7\">January 2<span class=\"_ _2\"></span>036<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2103 w35f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Ealing Schools Phase One<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y2103 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y2103 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x542 y2103 w360 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">8<span class=\"_ _4\"></span>0.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x543 y2103 w361 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls78 ws72\">M<span class=\"_ _4\"></span>arch<span class=\"_ _4\"></span> 2038<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206e w362 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Essex Phase T<span class=\"_ _3\"></span>wo<span class=\"_ _208\"> </span></div></td><td class=\"c n x544 y206e w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x545 y206e w32b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">O<span class=\"_ _4\"></span>perat<span class=\"_ _6\"></span>ional<span class=\"_ _208\"> </span></div></td><td class=\"c n x546 y206e w32c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x547 y206e w363 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">December<span class=\"_ _6\"></span> 2036<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2104 w364 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Hertfordshir<span class=\"_ _6\"></span>e Schools Phase One<span class=\"_ _208\"> </span></div></td><td class=\"c n x548 y2104 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x530 y2104 w329 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Ope<span class=\"_ _4\"></span>ra<span class=\"_ _2\"></span>tional<span class=\"_ _208\"> </span></div></td><td class=\"c n x549 y2104 w310 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x54a y2104 w315 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">August 203<span class=\"_ _6\"></span>7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w365 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Islington Phase One<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y1f44 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y1f44 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x542 y1f44 w360 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">9<span class=\"_ _4\"></span>0.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x54b y1f44 w315 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">August 2<span class=\"_ _6\"></span>034<span class=\"_ _208\"> </span></div></td></tr></table>1 <span class=\"_ _12\"> </span>Risk Capital includes<span class=\"_ _6\"></span> project-lev<span class=\"_ _2\"></span>el equity and/<span class=\"_ _6\"></span>or subordinat<span class=\"_ _2\"></span>ed shareholder deb<span class=\"_ _2\"></span>t.<span class=\"_ _208\"> </span>2 <span class=\"_ _11\"> </span>Inv<span class=\"_ _4\"></span>estm<span class=\"_ _4\"></span>ent c<span class=\"_ _4\"></span>onta<span class=\"_ _4\"></span>ins s<span class=\"_ _4\"></span>eni<span class=\"_ _4\"></span>or or m<span class=\"_ _4\"></span>ezz<span class=\"_ _4\"></span>ani<span class=\"_ _4\"></span>ne de<span class=\"_ _4\"></span>bt in ad<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ion to an<span class=\"_ _4\"></span>y Ris<span class=\"_ _4\"></span>k Capi<span class=\"_ _4\"></span>tal o<span class=\"_ _4\"></span>wne<span class=\"_ _4\"></span>rsh<span class=\"_ _4\"></span>ip sh<span class=\"_ _4\"></span>own.<span class=\"_ _208\"> </span><table class=\"s w366 hcd\" id=\"_8847d6f2-5790-46a9-8375-b65e41e93034\"><tr><td></td><td></td><td class=\"t m1 x54c h14 y214a ff4 fsd fc0 sc0 ls0 ws0\">Status at </td><td class=\"t m1 x54d h14 y214a ff4 fsd fc0 sc0 ls0 ws0\">Per cent. Risk Capital<span class=\"_ _208\"> </span></td><td></td></tr><tr><td class=\"c n x19b y214b w306 h9a\"><div class=\"t m1 x19a h14 y2022 ff4 fsd fc0 sc0 ls0 ws0\">Investment Name<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c2 y214b w307 h9a\"><div class=\"t m1 x19a h14 y2022 ff4 fsd fc0 sc0 ls0 ws0\">Country<span class=\"_ _208\"> </span></div></td><td class=\"t m1 x452 h14 y214c ff4 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"c x54f y214b w367 h9a\"><div class=\"t m1 x19a h14 y2022 ff4 fsd fc0 sc0 ls0 ws0\">owned by the Group</div><div class=\"t m1 x54e h30 y214d ff4 fs1b fc0 sc0 ls0 ws0\">1<span class=\"_ _208\"> </span></div></td><td class=\"t m1 x392 h14 y214c ff4 fsd fc0 sc0 ls0 ws0\">Investment end<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y214e w368 h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Islington Phase T<span class=\"_ _3\"></span>wo<span class=\"_ _208\"> </span></div></td><td class=\"c n x550 y214e w2fc h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x551 y214e w32b h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">O<span class=\"_ _4\"></span>perat<span class=\"_ _6\"></span>ional<span class=\"_ _208\"> </span></div></td><td class=\"c n x552 y214e w35b h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">9<span class=\"_ _4\"></span>0.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x553 y214e w369 h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls78 ws72\">M<span class=\"_ _4\"></span>arch 20<span class=\"_ _4\"></span>39<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y214f w36a h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Lewisham Phase 1<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y214f w30a h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y214f w30b h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x542 y214f w360 h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">9<span class=\"_ _4\"></span>0.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x554 y214f w36b h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">Dec<span class=\"_ _2\"></span>ember 2<span class=\"_ _6\"></span>034<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2150 w36a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Lewisham Phase 2<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y2150 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y2150 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x542 y2150 w360 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">9<span class=\"_ _4\"></span>0.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x555 y2150 w36c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">August 2<span class=\"_ _2\"></span>03<span class=\"_ _2\"></span>7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2151 w36a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Lewisham Phase 3<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y2151 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y2151 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x542 y2151 w360 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">9<span class=\"_ _4\"></span>0.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x555 y2151 w36c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">August 2<span class=\"_ _2\"></span>03<span class=\"_ _2\"></span>7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2152 w36a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Lewisham Phase 4<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y2152 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y2152 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x556 y2152 w172 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa9 wsaa\">8<span class=\"_ _4\"></span>1.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x557 y2152 w36d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls78 ws72\">M<span class=\"_ _4\"></span>arch<span class=\"_ _4\"></span> 2038<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2153 w36e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Oldham Schools<span class=\"_ _208\"> </span></div></td><td class=\"c n x502 y2153 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x503 y2153 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x558 y2153 w36f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls6a ws66\">9<span class=\"_ _4\"></span>9.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x54a y2153 w315 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">August 203<span class=\"_ _6\"></span>7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2154 w370 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>ameside Schools One<span class=\"_ _208\"> </span></div></td><td class=\"c n x502 y2154 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x503 y2154 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x558 y2154 w35b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">4<span class=\"_ _4\"></span>6.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x559 y2154 w315 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">August 2<span class=\"_ _6\"></span>036<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2155 w371 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>ameside Schools T<span class=\"_ _1\"></span>wo<span class=\"_ _208\"> </span></div></td><td class=\"c n x55a y2155 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x55b y2155 w372 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x55c y2155 w373 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">46.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x55d y2155 w315 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">August 203<span class=\"_ _6\"></span>7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2156 w146 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Nottingham Schools One<span class=\"_ _208\"> </span></div></td><td class=\"c n x502 y2156 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x503 y2156 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x558 y2156 w35b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">9<span class=\"_ _4\"></span>0.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x559 y2156 w315 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">August 2<span class=\"_ _6\"></span>034<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2157 w374 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Nottingham Schools T<span class=\"_ _3\"></span>wo<span class=\"_ _208\"> </span></div></td><td class=\"c n x502 y2157 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x503 y2157 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x558 y2157 w35b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">9<span class=\"_ _4\"></span>0.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x559 y2157 w315 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">August 2<span class=\"_ _6\"></span>038<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2158 w375 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">South T<span class=\"_ _3\"></span>yneside and Gateshead Schools One<span class=\"_ _208\"> </span></div></td><td class=\"c n x502 y2158 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x503 y2158 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x55e y2158 w376 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa4 wsa5\">9<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>.1<span class=\"_ _208\"> </span></div></td><td class=\"c n x55f y2158 w377 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Oct<span class=\"_ _6\"></span>obe<span class=\"_ _4\"></span>r<span class=\"_ _6\"></span> 2034<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2159 w378 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">South T<span class=\"_ _3\"></span>yneside and Gateshead Schools T<span class=\"_ _1\"></span>wo<span class=\"_ _208\"> </span></div></td><td class=\"c n x560 y2159 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x561 y2159 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x562 y2159 w376 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa4 wsa5\">9<span class=\"_ _5\"></span>0<span class=\"_ _5\"></span>.1<span class=\"_ _208\"> </span></div></td><td class=\"c n x563 y2159 w379 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">Sept<span class=\"_ _6\"></span>ember 2<span class=\"_ _2\"></span>036<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y215a w37a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Southwark Phase One<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y215a w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y215a w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x542 y215a w360 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">9<span class=\"_ _4\"></span>0.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x564 y215a w37b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa6 wsa7\">Januar<span class=\"_ _4\"></span>y<span class=\"_ _2\"></span> 2036<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y215b w37c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Southwark Phase T<span class=\"_ _3\"></span>wo<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e0 y215b w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x565 y215b w372 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x566 y215b w35b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">9<span class=\"_ _4\"></span>0.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x567 y215b w37d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">Decemb<span class=\"_ _2\"></span>er 2<span class=\"_ _6\"></span>036<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y215c w37e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Wolverhampton Schools Phase One<span class=\"_ _208\"> </span></div></td><td class=\"c n x568 y215c w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x569 y215c w372 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x549 y215c w310 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x56a y215c w37f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">Sept<span class=\"_ _6\"></span>ember 203<span class=\"_ _1\"></span>7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y215d w380 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Wolverhampton Schools Phase T<span class=\"_ _3\"></span>wo<span class=\"_ _208\"> </span></div></td><td class=\"c n x56b y215d w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x56c y215d w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x56d y215d w30c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x56e y215d w2bd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">August 2040<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y215e w381 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Kent Schools<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y215e w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y215e w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x542 y215e w360 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">58<span class=\"_ _4\"></span>.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x54b y215e w382 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">August 2<span class=\"_ _2\"></span>035<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x1d4 h2 y215f ff1 fs0 fc0 sc0 ls0 ws0\">NHS LIFT Portfolio<span class=\"_ _208\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y2160 w383 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Beckenham Hospital<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y2160 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y2160 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x542 y2160 w384 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls6a ws66\">4<span class=\"_ _4\"></span>9.8<span class=\"_ _208\"> </span></div></td><td class=\"c n x56f y2160 w385 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">December<span class=\"_ _2\"></span> 203<span class=\"_ _2\"></span>3<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2161 w386 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Garland Road Health Centre<span class=\"_ _208\"> </span></div></td><td class=\"c n x570 y2161 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x571 y2161 w372 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x572 y2161 w384 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls6a ws66\">4<span class=\"_ _4\"></span>9.8<span class=\"_ _208\"> </span></div></td><td class=\"c n x573 y2161 w313 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">December<span class=\"_ _6\"></span> 203<span class=\"_ _6\"></span>1<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x1d4 h8 y2162 ff4 fs0 fc0 sc0 ls0 ws0\">Alexandra Avenue Primary Car<span class=\"_ _6\"></span>e Centre, Monks Park </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y2163 w387 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Health Centre (two pr<span class=\"_ _6\"></span>ojects)<span class=\"_ _208\"> </span></div></td><td class=\"c n x502 y2163 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x503 y2163 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x558 y2163 w36f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls6a ws66\">4<span class=\"_ _4\"></span>9.8<span class=\"_ _208\"> </span></div></td><td class=\"c n x574 y2163 w388 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">June 203<span class=\"_ _6\"></span>1<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x1d4 h8 y2164 ff4 fs0 fc0 sc0 ls0 ws0\">Gem Centre Bentley Bridge, Phoenix Centr<span class=\"_ _6\"></span>e </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y2165 w389 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">(two projects)<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y2165 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y2165 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x542 y2165 w384 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls6a ws66\">4<span class=\"_ _4\"></span>9.8<span class=\"_ _208\"> </span></div></td><td class=\"c n x56f y2165 w38a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">December<span class=\"_ _6\"></span> 2030<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2166 w38b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Sudbury Health Centre<span class=\"_ _208\"> </span></div></td><td class=\"c n x575 y2166 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4dd y2166 w31c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">O<span class=\"_ _4\"></span>perat<span class=\"_ _6\"></span>ional<span class=\"_ _208\"> </span></div></td><td class=\"c n x576 y2166 w38c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls6a ws66\">49.8<span class=\"_ _208\"> </span></div></td><td class=\"c n x577 y2166 w38d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">November 2<span class=\"_ _2\"></span>032<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2167 w38e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Mt V<span class=\"_ _6\"></span>ernon<span class=\"_ _208\"> </span></div></td><td class=\"c n x578 y2167 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x579 y2167 w32b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">O<span class=\"_ _4\"></span>perat<span class=\"_ _6\"></span>ional<span class=\"_ _208\"> </span></div></td><td class=\"c n x57a y2167 w38f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls6a ws66\">49.8<span class=\"_ _208\"> </span></div></td><td class=\"c n x57b y2167 w390 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">December 2<span class=\"_ _2\"></span>033<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2168 w391 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Lakeside<span class=\"_ _208\"> </span></div></td><td class=\"c n x57c y2168 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x57d y2168 w372 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x57e y2168 w384 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls6a ws66\">4<span class=\"_ _4\"></span>9.8<span class=\"_ _208\"> </span></div></td><td class=\"c n x57f y2168 w392 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Nov<span class=\"_ _6\"></span>e<span class=\"_ _4\"></span>mber 2<span class=\"_ _6\"></span>032<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x1d4 h8 y2169 ff4 fs0 fc0 sc0 ls0 ws0\">Fishponds Primary Care Centr<span class=\"_ _6\"></span>e, Hampton House </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y216a w387 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Health Centre (two pr<span class=\"_ _6\"></span>ojects)<span class=\"_ _208\"> </span></div></td><td class=\"c n x502 y216a w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x580 y216b w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x581 y216b w393 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls49 ws46\">3<span class=\"_ _4\"></span>3.4<span class=\"_ _208\"> </span></div></td><td class=\"c n x582 y216b w394 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa6 wsa7\">Jan<span class=\"_ _2\"></span>uary 203<span class=\"_ _6\"></span>1<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x1d4 h8 y216c ff4 fs0 fc0 sc0 ls0 ws0\">Shirehampton Primary Car<span class=\"_ _6\"></span>e Centre, Whitchurch </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y216d w395 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Primary Care Centr<span class=\"_ _6\"></span>e (two projects)<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y216d w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y216d w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x542 y216d w396 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls49 ws46\">3<span class=\"_ _4\"></span>3.4<span class=\"_ _208\"> </span></div></td><td class=\"c n x583 y216d w397 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls78 ws72\">M<span class=\"_ _4\"></span>ay 2032<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x1d4 h8 y216e ff4 fs0 fc0 sc0 ls0 ws0\">Blackbird Leys Health Centr<span class=\"_ _6\"></span>e, East Oxford Care </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y216f w398 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Centre (two pr<span class=\"_ _6\"></span>ojects)<span class=\"_ _208\"> </span></div></td><td class=\"c n x584 y216f w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x585 y216f w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x586 y216f w393 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls49 ws46\">33<span class=\"_ _4\"></span>.4<span class=\"_ _208\"> </span></div></td><td class=\"c n x587 y216f w399 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13c ws13b\">M<span class=\"_ _4\"></span>a<span class=\"_ _4\"></span>y 2<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>31<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2170 w39a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Brierley Hill<span class=\"_ _208\"> </span></div></td><td class=\"c n x588 y2170 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x589 y2170 w39b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">O<span class=\"_ _4\"></span>pera<span class=\"_ _2\"></span>tional<span class=\"_ _208\"> </span></div></td><td class=\"c n x58a y2170 w39c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13d ws13c\">3<span class=\"_ _4\"></span>4.5<span class=\"_ _208\"> </span></div></td><td class=\"c n x58b y2170 w39d h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls78 ws72\">Apr<span class=\"_ _4\"></span>il 20<span class=\"_ _4\"></span>35<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x1d4 h8 y2171 ff4 fs0 fc0 sc0 ls0 ws0\">Ridge Hill Learning Disabilities Centre, Stourbridge </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m1 x1d4 h8 y2172 ff4 fs0 fc0 sc0 ls0 ws0\">Health &amp; Social Care Centr<span class=\"_ _6\"></span>e </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y20fe w389 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">(two projects)<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y20fe w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y20fe w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x542 y20fe w39c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13d ws13c\">3<span class=\"_ _4\"></span>4.3<span class=\"_ _208\"> </span></div></td><td class=\"c n x58c y20fe w39e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">October 2<span class=\"_ _6\"></span>031<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y211b w39f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Harrow NRC (thr<span class=\"_ _6\"></span>ee projects)<span class=\"_ _208\"> </span></div></td><td class=\"c n x502 y211b w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x503 y211b w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x558 y211b w36f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls6a ws66\">4<span class=\"_ _4\"></span>9.8<span class=\"_ _208\"> </span></div></td><td class=\"c n x574 y211b w3a0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">June<span class=\"_ _2\"></span> 2034<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2100 w3a1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Goscote Palliative Care Centr<span class=\"_ _6\"></span>e<span class=\"_ _208\"> </span></div></td><td class=\"c n x58d y2100 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x58e y2100 w372 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x58f y2100 w384 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls6a ws66\">4<span class=\"_ _4\"></span>9.8<span class=\"_ _208\"> </span></div></td><td class=\"c n x590 y2100 w346 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">No<span class=\"_ _6\"></span>vember 2035<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2101 w3a2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">South Bristol Community Hospital<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c7 y2101 w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c8 y2101 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x542 y2101 w396 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls49 ws46\">3<span class=\"_ _4\"></span>3.4<span class=\"_ _208\"> </span></div></td><td class=\"c n x591 y2101 w3a3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">February 204<span class=\"_ _6\"></span>2<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2102 w3a4 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">East London LIFT Project One (four pr<span class=\"_ _6\"></span>ojects)<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e0 y2102 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x565 y2102 w372 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x566 y2102 w35b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">3<span class=\"_ _4\"></span>0.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x592 y2102 w39e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">October 2<span class=\"_ _6\"></span>030<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206c w3a5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">East London LIFT Project T<span class=\"_ _3\"></span>wo (three pr<span class=\"_ _2\"></span>ojects)<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e0 y206c w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x565 y206c w372 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x566 y206c w35b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">3<span class=\"_ _4\"></span>0.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x593 y206c w3a6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls135 ws9a\">A<span class=\"_ _4\"></span>pril 2<span class=\"_ _2\"></span>033<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x1d4 h8 y2173 ff4 fs0 fc0 sc0 ls0 ws0\">East London LIFT Project Thr<span class=\"_ _6\"></span>ee </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y206e w3a7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">(Newby Place)<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e4 y206e w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e5 y206e w321 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Ope<span class=\"_ _4\"></span>ra<span class=\"_ _2\"></span>tional<span class=\"_ _208\"> </span></div></td><td class=\"c n x594 y206e w3a8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">30.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x595 y206e w3a9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls6 ws7\">M<span class=\"_ _4\"></span>ay<span class=\"_ _4\"></span> 20<span class=\"_ _4\"></span>37<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206f w3aa h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">East London LIFT Project Four (two pr<span class=\"_ _6\"></span>ojects)<span class=\"_ _208\"> </span></div></td><td class=\"c n x596 y206f w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x597 y206f w321 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Ope<span class=\"_ _4\"></span>ra<span class=\"_ _2\"></span>tional<span class=\"_ _208\"> </span></div></td><td class=\"c n x598 y206f w3a8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">30.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x599 y206f w3ab h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">August<span class=\"_ _6\"></span> 2036<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w3ac h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Eltham Community Hospital<span class=\"_ _208\"> </span></div></td><td class=\"c n x59a y1f44 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x59b y1f44 w329 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Op<span class=\"_ _4\"></span>era<span class=\"_ _2\"></span>tional<span class=\"_ _208\"> </span></div></td><td class=\"c n x59c y1f44 w384 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls6a ws66\">49.<span class=\"_ _4\"></span>8<span class=\"_ _208\"> </span></div></td><td class=\"c n x564 y1f44 w37b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa6 wsa7\">Januar<span class=\"_ _4\"></span>y<span class=\"_ _2\"></span> 2040<span class=\"_ _208\"> </span></div></td></tr></table><table class=\"s w3ad hce\" id=\"_0208cada-eaab-4720-94aa-6cb16207681d\"><tr><td></td><td></td><td class=\"t m1 x3c5 h14 y2174 ff4 fsd fc0 sc0 ls0 ws0\">Status at </td><td class=\"t m1 x46b h14 y2174 ff4 fsd fc0 sc0 ls0 ws0\">Per cent. Risk Capital<span class=\"_ _208\"> </span></td><td></td></tr><tr><td class=\"c n x19b y2175 w306 h9a\"><div class=\"t m1 x19a h14 y2022 ff4 fsd fc0 sc0 ls0 ws0\">Investment Name<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c2 y2175 w307 h9a\"><div class=\"t m1 x19a h14 y2022 ff4 fsd fc0 sc0 ls0 ws0\">Country<span class=\"_ _208\"> </span></div></td><td class=\"t m1 x4c3 h14 y2176 ff4 fsd fc0 sc0 ls0 ws0\">31 December 2024<span class=\"_ _208\"> </span></td><td class=\"c x4c5 y2175 w308 h9a\"><div class=\"t m1 x19a h14 y2022 ff4 fsd fc0 sc0 ls0 ws0\">owned by the Group</div><div class=\"t m1 x4c4 h30 y214d ff4 fs1b fc0 sc0 ls0 ws0\">1<span class=\"_ _208\"> </span></div></td><td class=\"t m1 x4c6 h14 y2176 ff4 fsd fc0 sc0 ls0 ws0\">Investment end<span class=\"_ _208\"> </span></td></tr><tr><td class=\"t m1 x19f h2 y2177 ff1 fs0 fc0 sc0 ls0 ws0\">Other UK<span class=\"_ _208\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y2178 w3ae h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Angel T<span class=\"_ _1\"></span>rains<span class=\"_ _208\"> </span></div></td><td class=\"c n x502 y2178 w2fc h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x503 y2178 w30f h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x59d y2178 w3af h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x59e y2178 w390 h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">December 2<span class=\"_ _2\"></span>058<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2179 w3b0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Tideway<span class=\"_ _208\"> </span></div></td><td class=\"c n x502 y2179 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x59f y2179 w3b1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Construction<span class=\"_ _208\"> </span></div></td><td class=\"c n x5a0 y2179 w3b2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa0 wsa1\">1<span class=\"_ _4\"></span>7.<span class=\"_ _5\"> </span>9<span class=\"_ _208\"> </span></div></td><td class=\"c n x5a1 y2179 w3b3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls63 ws5d\">M<span class=\"_ _5\"></span>a<span class=\"_ _4\"></span>r<span class=\"_ _4\"></span>c<span class=\"_ _4\"></span>h<span class=\"_ _5\"></span> 215<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y217a w3b4 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Cadent<span class=\"_ _208\"> </span></div></td><td class=\"c n x5a2 y217a w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x5a3 y217a w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x5a4 y217a w3b5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa0 wsa1\">7.<span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>5<span class=\"_ _208\"> </span></div></td><td class=\"c n x5a5 y217a w3b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">June 2069<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y217b w3b7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">National Digital Infrastructure Fund<span class=\"_ _208\"> </span></div></td><td class=\"c n x521 y217b w30a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x522 y217b w329 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Ope<span class=\"_ _4\"></span>ra<span class=\"_ _2\"></span>tional<span class=\"_ _208\"> </span></div></td><td class=\"c n x5a6 y217b w373 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">45.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5a7 y217b w3b8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa8 wsa9\">J<span class=\"_ _4\"></span>ul<span class=\"_ _4\"></span>y 2<span class=\"_ _4\"></span>027<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x19f h2 y217c ff1 fs0 fc0 sc0 ls0 ws0\">Australia<span class=\"_ _208\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y217d w2c2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Royal Melbourne Showgrounds<span class=\"_ _208\"> </span></div></td><td class=\"c n x5a8 y217d w3b9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls135 ws9a\">Australia<span class=\"_ _208\"> </span></div></td><td class=\"c n x5a9 y217d w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x31a y217d w317 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5aa y217d w3ab h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">August 203<span class=\"_ _6\"></span>1<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y217e w3ba h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Long Bay Forensic &amp; Prisons Hospital Pr<span class=\"_ _6\"></span>oject<span class=\"_ _208\"> </span></div></td><td class=\"c n x5ab y217e w3b9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls135 ws9a\">Australia<span class=\"_ _208\"> </span></div></td><td class=\"c n x5ac y217e w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x5ad y217e w310 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5ae y217e w3bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls17 ws18\">July 2034<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y217f w3bc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Reliance Rail<span class=\"_ _208\"> </span></div></td><td class=\"c n x5af y217f w3b9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls135 ws9a\">Australia<span class=\"_ _208\"> </span></div></td><td class=\"c n x597 y217f w321 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Ope<span class=\"_ _4\"></span>ra<span class=\"_ _2\"></span>tional<span class=\"_ _208\"> </span></div></td><td class=\"c n x598 y217f w3a8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">33.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5b0 y217f w3bd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsb0 wsb0\">Februar<span class=\"_ _4\"></span>y 2044<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2180 w3be h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Royal Children\u2019<span class=\"_ _3\"></span>s Hospital<span class=\"_ _208\"> </span></div></td><td class=\"c n x5b1 y2180 w3b9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls135 ws9a\">Australia<span class=\"_ _208\"> </span></div></td><td class=\"c n x5b2 y2180 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x5b3 y2180 w310 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x59e y2180 w38a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">December 2<span class=\"_ _6\"></span>036<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2181 w3bf h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Orange Hospital<span class=\"_ _208\"> </span></div></td><td class=\"c n x5b4 y2181 w3b9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls135 ws9a\">Australia<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e1 y2181 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x4e2 y2181 w30c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5b5 y2181 w3c0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">Decem<span class=\"_ _2\"></span>ber 2<span class=\"_ _6\"></span>035<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2182 w3c1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">NSW Schools<span class=\"_ _208\"> </span></div></td><td class=\"c n x5b6 y2182 w3c2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls135 ws9a\">Aust<span class=\"_ _2\"></span>ralia<span class=\"_ _208\"> </span></div></td><td class=\"c n x5b7 y2182 w321 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">O<span class=\"_ _4\"></span>pera<span class=\"_ _2\"></span>tional<span class=\"_ _208\"> </span></div></td><td class=\"c n x5b8 y2182 w3c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls2b ws2a\">25.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5b9 y2182 w38a h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">December 2<span class=\"_ _6\"></span>035<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2183 w3c4 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Gold Coast Light Rail<span class=\"_ _208\"> </span></div></td><td class=\"c n x5ba y2183 w3b9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls135 ws9a\">Australia<span class=\"_ _208\"> </span></div></td><td class=\"c n x5bb y2183 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x5bc y2183 w3a8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">30.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5bd y2183 w3c5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">May 2029<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2184 w3c6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Victoria Schools T<span class=\"_ _3\"></span>wo<span class=\"_ _208\"> </span></div></td><td class=\"c n x5be y2184 w3b9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls135 ws9a\">Australia<span class=\"_ _208\"> </span></div></td><td class=\"c n x503 y2184 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x533 y2184 w354 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5bf y2184 w3c7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">December 2<span class=\"_ _6\"></span>042<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2185 w3c8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Flinders University<span class=\"_ _208\"> </span></div></td><td class=\"c n x5c0 y2185 w3b9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls135 ws9a\">Australia<span class=\"_ _208\"> </span></div></td><td class=\"c n x5c1 y2185 w32b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">O<span class=\"_ _4\"></span>perat<span class=\"_ _6\"></span>ional<span class=\"_ _208\"> </span></div></td><td class=\"c n x5c2 y2185 w32c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5c3 y2185 w3c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls76 ws31\">M<span class=\"_ _4\"></span>arch 2049<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x19f h2 y2186 ff1 fs0 fc0 sc0 ls8 ws9\">New<span class=\"_ _6\"></span> Zealand<span class=\"_ _208\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y2187 w3ca h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">NZ Schools 1<span class=\"_ _208\"> </span></div></td><td class=\"c n x5c4 y2187 w3cb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls7 ws8\">New Z<span class=\"_ _6\"></span>ealand<span class=\"_ _208\"> </span></div></td><td class=\"c n x53f y2187 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x540 y2187 w310 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5c5 y2187 w363 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">December 2<span class=\"_ _6\"></span>038<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2188 w3ca h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">NZ Schools 2<span class=\"_ _208\"> </span></div></td><td class=\"c n x5c4 y2188 w3cb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls7 ws8\">New Z<span class=\"_ _6\"></span>ealand<span class=\"_ _208\"> </span></div></td><td class=\"c n x53f y2188 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x540 y2188 w310 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5c6 y2188 w3cc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">Decemb<span class=\"_ _2\"></span>er 2<span class=\"_ _6\"></span>042<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2189 w3ca h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">NZ Schools 3<span class=\"_ _208\"> </span></div></td><td class=\"c n x5c4 y2189 w3cb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls7 ws8\">New Z<span class=\"_ _6\"></span>ealand<span class=\"_ _208\"> </span></div></td><td class=\"c n x53f y2189 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x540 y2189 w310 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5c5 y2189 w363 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">December 2<span class=\"_ _6\"></span>043<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y218a w3cd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Auckland Prison<span class=\"_ _208\"> </span></div></td><td class=\"c n x5c7 y218a w3ce h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls7 ws8\">New Z<span class=\"_ _6\"></span>ealand<span class=\"_ _208\"> </span></div></td><td class=\"c n x5c8 y218a w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x5c9 y218a w317 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5ca y218a w3cf h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">June 20<span class=\"_ _2\"></span>43<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y218b w3d0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">ASV<span class=\"_ _208\"> </span></div></td><td class=\"c n x5c4 y218b w3cb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls7 ws8\">New Z<span class=\"_ _6\"></span>ealand<span class=\"_ _208\"> </span></div></td><td class=\"c n x53f y218b w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x540 y218b w310 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5cb y218b w3d1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">October<span class=\"_ _2\"></span> 2093<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x19f h2 y218c ff1 fs0 fc0 sc0 ls0 ws0\">North America<span class=\"_ _208\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y218d w3d2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Alberta Schools<span class=\"_ _208\"> </span></div></td><td class=\"c n x5cc y218d w3d3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls103 ws79\">Canada<span class=\"_ _208\"> </span></div></td><td class=\"c n x5cd y218d w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x4f0 y218d w310 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5ce y218d w3d4 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">June 2040<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y218e w3d5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Durham Courts<span class=\"_ _208\"> </span></div></td><td class=\"c n x5cf y218e w3d3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls103 ws79\">Canada<span class=\"_ _208\"> </span></div></td><td class=\"c n x5d0 y218e w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x5d1 y218e w354 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5d2 y218e w346 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">November 2<span class=\"_ _6\"></span>039<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y218f w3d6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">FHSP<span class=\"_ _208\"> </span></div></td><td class=\"c n x575 y218f w1be h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls19 ws1a\">US<span class=\"_ _208\"> </span></div></td><td class=\"c n x59b y218f w329 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Op<span class=\"_ _4\"></span>era<span class=\"_ _2\"></span>tional<span class=\"_ _208\"> </span></div></td><td class=\"c n x5d3 y218f w3d7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>2<span class=\"_ _208\"> </span></div></td><td class=\"c n x5d4 y218f w3d8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">O<span class=\"_ _4\"></span>ct<span class=\"_ _6\"></span>ober 205<span class=\"_ _6\"></span>2<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x19f h2 y2190 ff1 fs0 fc0 sc0 ls0 ws0\">Europe (excl. UK)<span class=\"_ _208\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y2191 w36e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Diabolo Rail Link<span class=\"_ _208\"> </span></div></td><td class=\"c n x3f9 y2191 w3d9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsb0 wsb0\">Belgium<span class=\"_ _208\"> </span></div></td><td class=\"c n x52b y2191 w31c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">O<span class=\"_ _4\"></span>perat<span class=\"_ _6\"></span>ional<span class=\"_ _208\"> </span></div></td><td class=\"c n x52c y2191 w32c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5d5 y2191 w3da h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">June<span class=\"_ _6\"></span> 204<span class=\"_ _6\"></span>7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2192 w3db h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Dublin Courts<span class=\"_ _208\"> </span></div></td><td class=\"c n x5d6 y2192 w3dc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls77 ws7c\">Ire<span class=\"_ _4\"></span>land<span class=\"_ _208\"> </span></div></td><td class=\"c n x5d7 y2192 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x2ea y2192 w310 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _4\"></span>.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5d8 y2192 w3dd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">February 203<span class=\"_ _2\"></span>5<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2193 w3de h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">BeNEX<span class=\"_ _208\"> </span></div></td><td class=\"c n x5d9 y2193 w3df h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">Germany<span class=\"_ _208\"> </span></div></td><td class=\"c n x5da y2193 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x5db y2193 w30c h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0.<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5dc y2193 w3c0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">Decem<span class=\"_ _2\"></span>ber 2<span class=\"_ _6\"></span>049<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"t m1 x19f h8 y2194 ff4 fs0 fc0 sc0 ls0 ws0\">Federal German Ministry of Education and Research </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x19b y2195 w3e0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Headquarters<span class=\"_ _208\"> </span></div></td><td class=\"c n x5dd y2195 w3df h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">Germany<span class=\"_ _208\"> </span></div></td><td class=\"c n x5de y2195 w30b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x5df y2195 w35b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">9<span class=\"_ _4\"></span>8.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5e0 y2195 w3e1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13b ws139\">J<span class=\"_ _4\"></span>u<span class=\"_ _5\"></span>l<span class=\"_ _4\"></span>y<span class=\"_ _5\"></span> 2<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>41<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2102 w3e2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Pforzheim Schools<span class=\"_ _208\"> </span></div></td><td class=\"c n x5e1 y2102 w3df h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">Germany<span class=\"_ _208\"> </span></div></td><td class=\"c n x515 y2102 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x5e2 y2102 w35b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">9<span class=\"_ _4\"></span>8.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5e3 y2102 w325 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">Sept<span class=\"_ _6\"></span>ember 2<span class=\"_ _6\"></span>039<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206c w3e3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Offenbach Police Centr<span class=\"_ _6\"></span>e<span class=\"_ _208\"> </span></div></td><td class=\"c n x5e4 y206c w3df h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">Germany<span class=\"_ _208\"> </span></div></td><td class=\"c n x5e5 y206c w3e4 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Construction<span class=\"_ _208\"> </span></div></td><td class=\"c n x5e6 y206c w373 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsbf wsbd\">45.0<span class=\"_ _208\"> </span></div></td><td class=\"c n x5e7 y206c w3e5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">June 2<span class=\"_ _2\"></span>050<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2103 w3e6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Hobro Court<span class=\"_ _208\"> </span></div></td><td class=\"c n x5e8 y2103 w3e7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa6 wsa7\">Denmark<span class=\"_ _208\"> </span></div></td><td class=\"c n x545 y2103 w32b h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">O<span class=\"_ _4\"></span>perat<span class=\"_ _6\"></span>ional<span class=\"_ _208\"> </span></div></td><td class=\"c n x5e9 y2103 w358 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa7 wsa8\">6<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>.7<span class=\"_ _208\"> </span></div></td><td class=\"c n x5ea y2103 w3e8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">December 2<span class=\"_ _6\"></span>02<span class=\"_ _6\"></span>7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206e w3e9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Randers Hospital Parking Facility<span class=\"_ _208\"> </span></div></td><td class=\"c n x5eb y206e w3ea h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa6 wsa7\">Denmark<span class=\"_ _208\"> </span></div></td><td class=\"c n x5ec y206e w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x5ed y206e w3eb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa7 wsa8\">6<span class=\"_ _4\"></span>6.7<span class=\"_ _208\"> </span></div></td><td class=\"c n x5ee y206e w3ec h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13b ws139\">A<span class=\"_ _5\"></span>p<span class=\"_ _4\"></span>r<span class=\"_ _5\"></span>i<span class=\"_ _4\"></span>l<span class=\"_ _5\"></span> 2<span class=\"_ _4\"></span>0<span class=\"_ _5\"></span>41<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2104 w3ed h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">\u00d8rsted School<span class=\"_ _208\"> </span></div></td><td class=\"c n x5ef y2104 w3ea h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa6 wsa7\">Denmark<span class=\"_ _208\"> </span></div></td><td class=\"c n x5f0 y2104 w3ee h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">O<span class=\"_ _4\"></span>perat<span class=\"_ _6\"></span>iona<span class=\"_ _4\"></span>l<span class=\"_ _208\"> </span></div></td><td class=\"c n x5f1 y2104 w358 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa7 wsa8\">6<span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>.7<span class=\"_ _208\"> </span></div></td><td class=\"c n x5f2 y2104 w3b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">June 2038<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w3ef h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Vildbjerg School<span class=\"_ _208\"> </span></div></td><td class=\"c n x5f3 y1f44 w3ea h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa6 wsa7\">Denmark<span class=\"_ _208\"> </span></div></td><td class=\"c n x5f4 y1f44 w30f h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls113 wsf7\">Operational<span class=\"_ _208\"> </span></div></td><td class=\"c n x598 y1f44 w3f0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsa7 wsa8\">6<span class=\"_ _5\"></span>6.7<span class=\"_ _208\"> </span></div></td><td class=\"c n x5f5 y1f44 w3c0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls13 ws14\">Decemb<span class=\"_ _2\"></span>er 2<span class=\"_ _6\"></span>036<span class=\"_ _208\"> </span></div></td></tr></table>1 <span class=\"_ _12\"> </span>Risk Capital includes<span class=\"_ _6\"></span> project-lev<span class=\"_ _2\"></span>el equity and/<span class=\"_ _6\"></span>or subordinat<span class=\"_ _2\"></span>ed shareholder deb<span class=\"_ _2\"></span>t.<span class=\"_ _208\"> </span>2 <span class=\"_ _11\"> </span>Inv<span class=\"_ _4\"></span>estm<span class=\"_ _4\"></span>ent c<span class=\"_ _4\"></span>onta<span class=\"_ _4\"></span>ins s<span class=\"_ _4\"></span>eni<span class=\"_ _4\"></span>or or m<span class=\"_ _4\"></span>ezz<span class=\"_ _4\"></span>ani<span class=\"_ _4\"></span>ne de<span class=\"_ _4\"></span>bt in ad<span class=\"_ _4\"></span>dit<span class=\"_ _4\"></span>ion to an<span class=\"_ _4\"></span>y Ris<span class=\"_ _4\"></span>k Capi<span class=\"_ _4\"></span>tal o<span class=\"_ _4\"></span>wne<span class=\"_ _4\"></span>rsh<span class=\"_ _4\"></span>ip sh<span class=\"_ _4\"></span>own.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-224": {
   "value": "UNCONSOLID<span class=\"_ _6\"></span>A<span class=\"_ _1\"></span>TED SUBSIDIARIES<span class=\"_ _208\"> </span>A list of the significant investments in unconsolidated subsidiaries, including the name, country of incorporation as at 31 December 2024 and proportion of ownership is shown below:<span class=\"_ _208\"> </span><table class=\"s w2b4 hc8\" id=\"_afaf2b9e-1603-4f8f-aa14-e3b92a4c31e2\"><tr><td></td><td class=\"t m1 x46b h14 y20e2 ff4 fsd fc0 sc0 ls0 ws0\">Place of incorporation </td><td class=\"t m1 x46c h14 y20e3 ff4 fsd fc0 sc0 ls0 ws0\">Proportion of  </td></tr><tr><td></td><td class=\"t m1 x46d h14 y20e4 ff4 fsd fc0 sc0 ls0 ws0\">(or registration) and </td><td class=\"t m1 x46e h14 y20e5 ff4 fsd fc0 sc0 ls0 ws0\">ownership  </td></tr><tr><td class=\"t m1 x19f h14 y20e6 ff4 fsd fc0 sc0 ls0 ws0\">Name<span class=\"_ _208\"> </span></td><td class=\"t m1 x46f h14 y20e7 ff4 fsd fc0 sc0 ls0 ws0\">operation<span class=\"_ _208\"> </span></td><td class=\"t m1 x470 h14 y20e8 ff4 fsd fc0 sc0 ls0 ws0\">interest %<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y20e9 w2b5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Abingdon Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y20e9 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y20e9 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20ea w2b7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Aggregator PLC<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y20ea w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y20ea w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20eb w2b8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Access Justice Durham Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x475 y20eb w1ba h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Canada<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y20eb w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20ec w2b9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">AKS Betriebs GmbH &amp; Co. KG<span class=\"_ _208\"> </span></div></td><td class=\"c n x476 y20ec w2ba h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Germany<span class=\"_ _208\"> </span></div></td><td class=\"c n x477 y20ec w2bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">98<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20ed w2bc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">ASV Project LP<span class=\"_ _208\"> </span></div></td><td class=\"c n x478 y20ed w2bd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">New Zealand<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y20ed w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20ee w2be h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">BBPP Alberta Schools Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x475 y20ee w1ba h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Canada<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y20ee w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20ef w2bf h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Blackburn with Darwen Phase 1 Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y20ef w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y20ef w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f0 w2bf h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Blackburn with Darwen Phase 2 Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y20f0 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y20f0 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f1 w2c0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">BPSL No. 2 Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x479 y20f1 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x47a y20f1 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f2 w2c1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Building Schools for the Future Investments LLP<span class=\"_ _208\"> </span></div></td><td class=\"c n x47b y20f2 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x47c y20f2 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f3 w2c2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Calderdale Schools Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x47d y20f3 w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x47e y20f3 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f4 w2c4 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">CHP Unit T<span class=\"_ _1\"></span>rust<span class=\"_ _208\"> </span></div></td><td class=\"c n x47f y20f4 w1b5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Australia<span class=\"_ _208\"> </span></div></td><td class=\"c n x480 y20f4 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f5 w2c5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Derby City BSF Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y20f5 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x477 y20f5 w2bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">90<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f6 w2c6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Derbyshire Courts Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y20f6 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y20f6 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f7 w2c7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Derbyshire Schools<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y20f7 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y20f7 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f8 w2c8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Derbyshire Schools Phase T<span class=\"_ _3\"></span>wo Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x481 y20f8 w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x482 y20f8 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f9 w2c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Essex Schools Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x483 y20f9 w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x484 y20f9 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20fa w2ca h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Future Ealing Phase 1 Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x485 y20fa w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x486 y20fa w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20fb w2cb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Future Schools Partners LP<span class=\"_ _208\"> </span></div></td><td class=\"c n x487 y20fb w2cc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">New Zealand<span class=\"_ _208\"> </span></div></td><td class=\"c n x488 y20fb w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20fc w2cd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">4 Futures Phase 1 Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y20fc w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x489 y20fc w2bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">90<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20fd w2cd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">4 Futures Phase 2 Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y20fd w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x489 y20fd w2bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">90<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20fe w2ce h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Hertfordshir<span class=\"_ _6\"></span>e Schools Building Partnership Phase 1 Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x48a y20fe w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x48b y20fe w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20ff w2cf h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">H&amp;W Courts Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x48c y20ff w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x48d y20ff w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2100 w2d0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">INPP Infrastructure Germany GmbH &amp; Co. KG<span class=\"_ _208\"> </span></div></td><td class=\"c n x48e y2100 w2d1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Germany<span class=\"_ _208\"> </span></div></td><td class=\"c n x48f y2100 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2101 w2d2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Inspire Partnership Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y2101 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y2101 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2102 w2d3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">IPP CCC Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x490 y2102 w2d4 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Ireland<span class=\"_ _208\"> </span></div></td><td class=\"c n x491 y2102 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206c w2d5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Inspiredspaces Durham (Pr<span class=\"_ _6\"></span>oject Co 1) Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y206c w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y206c w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2103 w2d6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Kent PFI (Project Co 1) Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x492 y2103 w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x493 y2103 w2bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">58<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206e w2d7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Inspiredspaces Nottingham (Pr<span class=\"_ _6\"></span>oject Co 1) Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x494 y206e w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x495 y206e w2bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">90<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2104 w2d7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Inspiredspaces Nottingham (Pr<span class=\"_ _6\"></span>oject Co 2) Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x494 y2104 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x495 y2104 w2bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">90<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w2d8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Inspiredspaces ST<span class=\"_ _3\"></span>aG (Project Co 1) Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x481 y1f44 w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x496 y1f44 w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">90.1<span class=\"_ _208\"> </span></div></td></tr></table><table class=\"s w2d9 hc9\" id=\"_0f146842-8ed1-4238-b292-4855d81e8b60\"><tr><td></td><td class=\"t m1 x497 h14 y2105 ff4 fsd fc0 sc0 ls0 ws0\">Place of incorporation </td><td class=\"t m1 x498 h14 y2106 ff4 fsd fc0 sc0 ls0 ws0\">Proportion of  </td></tr><tr><td></td><td class=\"t m1 x499 h14 y2107 ff4 fsd fc0 sc0 ls0 ws0\">(or registration) and </td><td class=\"t m1 x49a h14 y2108 ff4 fsd fc0 sc0 ls0 ws0\">ownership  </td></tr><tr><td class=\"t m1 x1d4 h14 y2109 ff4 fsd fc0 sc0 ls0 ws0\">Name<span class=\"_ _208\"> </span></td><td class=\"t m1 x1c9 h14 y210a ff4 fsd fc0 sc0 ls0 ws0\">operation<span class=\"_ _208\"> </span></td><td class=\"t m1 x49a h14 y210b ff4 fsd fc0 sc0 ls0 ws0\">interest %<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y210c w2da h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Inspiredspaces StaG (Pr<span class=\"_ _6\"></span>oject Co 2) Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x49b y210c w1ae h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x49c y210c w1c9 h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">90.1<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y210d w2db h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Inspiredspaces W<span class=\"_ _6\"></span>olverhampton (Project Co 1) Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x481 y210d w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x482 y210d w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y210e w2dc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>ransform Islington (Phase 1) Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y210e w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x477 y210e w2bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">90<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y210f w2dc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>ransform Islington (Phase 2) Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y210f w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x477 y210f w2bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">90<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20ea w2dd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">IPP (Moray Schools) Holdings Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x49d y20ea w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x47e y20ea w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2110 w2de h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Maesteg School Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y2110 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y2110 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20ec w2df h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Next Step Partners LP<span class=\"_ _208\"> </span></div></td><td class=\"c n x49e y20ec w2bd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">New Zealand<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y20ec w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2111 w2e0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Northampton Schools Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y2111 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y2111 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20ee w2e1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Northern Diabolo N.V<span class=\"_ _3\"></span>.<span class=\"_ _208\"> </span></div></td><td class=\"c n x49f y20ee w2e2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Belgium<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a0 y20ee w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2112 w2e3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Oldham BSF Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a1 y2112 w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a2 y2112 w2bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">99<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2113 w2e4 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">OPP Hobro Tinglysningsret A/S<span class=\"_ _208\"> </span></div></td><td class=\"c n x476 y2113 w2e5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Denmark<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a3 y2113 w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">66.7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f1 w2e6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">OPP \u00d8rstedskolen A/S<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a4 y20f1 w2e5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Denmark<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a5 y20f1 w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">66.7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2114 w2e7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">OPP Vildbjerg Skole A/S<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a4 y2114 w2e5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Denmark<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a5 y2114 w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">66.7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f3 w2e8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">OPP Randers P-Hus A/A<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a6 y20f3 w2e5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Denmark<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a7 y20f3 w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">66.7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2115 w2e9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">PSBP Midlands Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y2115 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a5 y2115 w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">92.5<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f5 w2ea h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Pinnacle Healthcare (OAHS) T<span class=\"_ _3\"></span>rust<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a8 y20f5 w1b5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Australia<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y20f5 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2116 w2eb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Plot B Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y2116 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y2116 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f7 w2ec h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">ShapEd NZ LP<span class=\"_ _208\"> </span></div></td><td class=\"c n x478 y20f7 w2bd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">New Zealand<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y20f7 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2117 w2ed h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">St Thomas More School Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a9 y2117 w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4aa y2117 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2118 w2ee h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">PPP Solutions (Long Bay) Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a8 y2118 w1b5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Australia<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y2118 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20fa w2ef h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">PPP Solutions (Showgrounds) T<span class=\"_ _3\"></span>rust<span class=\"_ _208\"> </span></div></td><td class=\"c n x4ab y20fa w1b5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Australia<span class=\"_ _208\"> </span></div></td><td class=\"c n x482 y20fa w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2119 w2f0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Strathclyde Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y2119 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y2119 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20fc w2f1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TH Schools Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x4ac y20fc w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4ad y20fc w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y211a w2f2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC Robin Rigg OFTO Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x4ae y211a w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4af y211a w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20fe w2f3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC Barrow OFTO Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x4b0 y20fe w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4b1 y20fe w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y211b w2f4 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC Gunfleet Sands OFTO Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y211b w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y211b w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y211c w2f5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC Ormonde OFTO Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x4b2 y211c w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4b3 y211c w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2101 w14e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC Lincs OFTO Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y2101 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y2101 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206b w2f6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC Westermost Rough OFTO Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x48c y206b w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x48d y206b w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206c w2e7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC Dudgeon OFTO PLC<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y206c w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y206c w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206d w2f7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC Beatrice OFTO Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x4b4 y206d w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4b5 y206d w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206e w2f8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC Rampion OFTO Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y206e w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y206e w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206f w2f9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC East Anglia OFTO Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x4b6 y206f w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4b7 y206f w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w2fa h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC Moray East OFTO Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y1f44 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y1f44 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr></table>The entities listed above in aggregate r<span class=\"_ _6\"></span>epresent 53.6% (December 2023: 54.7%) of investments at fair value through profit or loss.  The remaining fair value is driven fr<span class=\"_ _6\"></span>om joint ventures, associate interests and minority stakes held by the Group. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestsInUnconsolidatedStructuredEntitiesExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-219": {
   "value": "UNCONSOLID<span class=\"_ _6\"></span>A<span class=\"_ _1\"></span>TED SUBSIDIARIES<span class=\"_ _208\"> </span>A list of the significant investments in unconsolidated subsidiaries, including the name, country of incorporation as at 31 December 2024 and proportion of ownership is shown below:<span class=\"_ _208\"> </span><table class=\"s w2b4 hc8\" id=\"_afaf2b9e-1603-4f8f-aa14-e3b92a4c31e2\"><tr><td></td><td class=\"t m1 x46b h14 y20e2 ff4 fsd fc0 sc0 ls0 ws0\">Place of incorporation </td><td class=\"t m1 x46c h14 y20e3 ff4 fsd fc0 sc0 ls0 ws0\">Proportion of  </td></tr><tr><td></td><td class=\"t m1 x46d h14 y20e4 ff4 fsd fc0 sc0 ls0 ws0\">(or registration) and </td><td class=\"t m1 x46e h14 y20e5 ff4 fsd fc0 sc0 ls0 ws0\">ownership  </td></tr><tr><td class=\"t m1 x19f h14 y20e6 ff4 fsd fc0 sc0 ls0 ws0\">Name<span class=\"_ _208\"> </span></td><td class=\"t m1 x46f h14 y20e7 ff4 fsd fc0 sc0 ls0 ws0\">operation<span class=\"_ _208\"> </span></td><td class=\"t m1 x470 h14 y20e8 ff4 fsd fc0 sc0 ls0 ws0\">interest %<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y20e9 w2b5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Abingdon Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y20e9 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y20e9 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20ea w2b7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Aggregator PLC<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y20ea w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y20ea w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20eb w2b8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Access Justice Durham Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x475 y20eb w1ba h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Canada<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y20eb w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20ec w2b9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">AKS Betriebs GmbH &amp; Co. KG<span class=\"_ _208\"> </span></div></td><td class=\"c n x476 y20ec w2ba h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Germany<span class=\"_ _208\"> </span></div></td><td class=\"c n x477 y20ec w2bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">98<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20ed w2bc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">ASV Project LP<span class=\"_ _208\"> </span></div></td><td class=\"c n x478 y20ed w2bd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">New Zealand<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y20ed w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20ee w2be h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">BBPP Alberta Schools Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x475 y20ee w1ba h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Canada<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y20ee w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20ef w2bf h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Blackburn with Darwen Phase 1 Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y20ef w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y20ef w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f0 w2bf h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Blackburn with Darwen Phase 2 Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y20f0 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y20f0 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f1 w2c0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">BPSL No. 2 Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x479 y20f1 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x47a y20f1 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f2 w2c1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Building Schools for the Future Investments LLP<span class=\"_ _208\"> </span></div></td><td class=\"c n x47b y20f2 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x47c y20f2 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f3 w2c2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Calderdale Schools Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x47d y20f3 w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x47e y20f3 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f4 w2c4 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">CHP Unit T<span class=\"_ _1\"></span>rust<span class=\"_ _208\"> </span></div></td><td class=\"c n x47f y20f4 w1b5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Australia<span class=\"_ _208\"> </span></div></td><td class=\"c n x480 y20f4 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f5 w2c5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Derby City BSF Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y20f5 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x477 y20f5 w2bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">90<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f6 w2c6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Derbyshire Courts Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y20f6 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y20f6 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f7 w2c7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Derbyshire Schools<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y20f7 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y20f7 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f8 w2c8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Derbyshire Schools Phase T<span class=\"_ _3\"></span>wo Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x481 y20f8 w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x482 y20f8 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f9 w2c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Essex Schools Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x483 y20f9 w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x484 y20f9 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20fa w2ca h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Future Ealing Phase 1 Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x485 y20fa w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x486 y20fa w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20fb w2cb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Future Schools Partners LP<span class=\"_ _208\"> </span></div></td><td class=\"c n x487 y20fb w2cc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">New Zealand<span class=\"_ _208\"> </span></div></td><td class=\"c n x488 y20fb w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20fc w2cd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">4 Futures Phase 1 Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y20fc w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x489 y20fc w2bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">90<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20fd w2cd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">4 Futures Phase 2 Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y20fd w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x489 y20fd w2bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">90<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20fe w2ce h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Hertfordshir<span class=\"_ _6\"></span>e Schools Building Partnership Phase 1 Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x48a y20fe w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x48b y20fe w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20ff w2cf h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">H&amp;W Courts Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x48c y20ff w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x48d y20ff w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2100 w2d0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">INPP Infrastructure Germany GmbH &amp; Co. KG<span class=\"_ _208\"> </span></div></td><td class=\"c n x48e y2100 w2d1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Germany<span class=\"_ _208\"> </span></div></td><td class=\"c n x48f y2100 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2101 w2d2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Inspire Partnership Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y2101 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y2101 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2102 w2d3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">IPP CCC Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x490 y2102 w2d4 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Ireland<span class=\"_ _208\"> </span></div></td><td class=\"c n x491 y2102 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206c w2d5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Inspiredspaces Durham (Pr<span class=\"_ _6\"></span>oject Co 1) Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y206c w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y206c w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2103 w2d6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Kent PFI (Project Co 1) Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x492 y2103 w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x493 y2103 w2bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">58<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206e w2d7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Inspiredspaces Nottingham (Pr<span class=\"_ _6\"></span>oject Co 1) Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x494 y206e w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x495 y206e w2bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">90<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2104 w2d7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Inspiredspaces Nottingham (Pr<span class=\"_ _6\"></span>oject Co 2) Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x494 y2104 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x495 y2104 w2bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">90<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w2d8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Inspiredspaces ST<span class=\"_ _3\"></span>aG (Project Co 1) Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x481 y1f44 w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x496 y1f44 w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">90.1<span class=\"_ _208\"> </span></div></td></tr></table><table class=\"s w2d9 hc9\" id=\"_0f146842-8ed1-4238-b292-4855d81e8b60\"><tr><td></td><td class=\"t m1 x497 h14 y2105 ff4 fsd fc0 sc0 ls0 ws0\">Place of incorporation </td><td class=\"t m1 x498 h14 y2106 ff4 fsd fc0 sc0 ls0 ws0\">Proportion of  </td></tr><tr><td></td><td class=\"t m1 x499 h14 y2107 ff4 fsd fc0 sc0 ls0 ws0\">(or registration) and </td><td class=\"t m1 x49a h14 y2108 ff4 fsd fc0 sc0 ls0 ws0\">ownership  </td></tr><tr><td class=\"t m1 x1d4 h14 y2109 ff4 fsd fc0 sc0 ls0 ws0\">Name<span class=\"_ _208\"> </span></td><td class=\"t m1 x1c9 h14 y210a ff4 fsd fc0 sc0 ls0 ws0\">operation<span class=\"_ _208\"> </span></td><td class=\"t m1 x49a h14 y210b ff4 fsd fc0 sc0 ls0 ws0\">interest %<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y210c w2da h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Inspiredspaces StaG (Pr<span class=\"_ _6\"></span>oject Co 2) Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x49b y210c w1ae h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x49c y210c w1c9 h99\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">90.1<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y210d w2db h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Inspiredspaces W<span class=\"_ _6\"></span>olverhampton (Project Co 1) Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x481 y210d w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x482 y210d w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y210e w2dc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>ransform Islington (Phase 1) Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y210e w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x477 y210e w2bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">90<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y210f w2dc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>ransform Islington (Phase 2) Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y210f w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x477 y210f w2bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">90<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20ea w2dd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">IPP (Moray Schools) Holdings Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x49d y20ea w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x47e y20ea w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2110 w2de h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Maesteg School Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y2110 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y2110 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20ec w2df h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Next Step Partners LP<span class=\"_ _208\"> </span></div></td><td class=\"c n x49e y20ec w2bd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">New Zealand<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y20ec w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2111 w2e0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Northampton Schools Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y2111 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y2111 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20ee w2e1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Northern Diabolo N.V<span class=\"_ _3\"></span>.<span class=\"_ _208\"> </span></div></td><td class=\"c n x49f y20ee w2e2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Belgium<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a0 y20ee w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2112 w2e3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Oldham BSF Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a1 y2112 w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a2 y2112 w2bb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">99<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2113 w2e4 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">OPP Hobro Tinglysningsret A/S<span class=\"_ _208\"> </span></div></td><td class=\"c n x476 y2113 w2e5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Denmark<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a3 y2113 w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">66.7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f1 w2e6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">OPP \u00d8rstedskolen A/S<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a4 y20f1 w2e5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Denmark<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a5 y20f1 w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">66.7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2114 w2e7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">OPP Vildbjerg Skole A/S<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a4 y2114 w2e5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Denmark<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a5 y2114 w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">66.7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f3 w2e8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">OPP Randers P-Hus A/A<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a6 y20f3 w2e5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Denmark<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a7 y20f3 w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">66.7<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2115 w2e9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">PSBP Midlands Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y2115 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a5 y2115 w1c9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">92.5<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f5 w2ea h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Pinnacle Healthcare (OAHS) T<span class=\"_ _3\"></span>rust<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a8 y20f5 w1b5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Australia<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y20f5 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2116 w2eb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Plot B Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y2116 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y2116 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20f7 w2ec h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">ShapEd NZ LP<span class=\"_ _208\"> </span></div></td><td class=\"c n x478 y20f7 w2bd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">New Zealand<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y20f7 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2117 w2ed h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">St Thomas More School Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a9 y2117 w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4aa y2117 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2118 w2ee h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">PPP Solutions (Long Bay) Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x4a8 y2118 w1b5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Australia<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y2118 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20fa w2ef h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">PPP Solutions (Showgrounds) T<span class=\"_ _3\"></span>rust<span class=\"_ _208\"> </span></div></td><td class=\"c n x4ab y20fa w1b5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Australia<span class=\"_ _208\"> </span></div></td><td class=\"c n x482 y20fa w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2119 w2f0 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">Strathclyde Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y2119 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y2119 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20fc w2f1 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TH Schools Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x4ac y20fc w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4ad y20fc w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y211a w2f2 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC Robin Rigg OFTO Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x4ae y211a w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4af y211a w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y20fe w2f3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC Barrow OFTO Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x4b0 y20fe w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4b1 y20fe w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y211b w2f4 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC Gunfleet Sands OFTO Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y211b w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y211b w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y211c w2f5 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC Ormonde OFTO Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x4b2 y211c w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4b3 y211c w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2101 w14e h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC Lincs OFTO Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x473 y2101 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x474 y2101 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206b w2f6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC Westermost Rough OFTO Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x48c y206b w2c3 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x48d y206b w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206c w2e7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC Dudgeon OFTO PLC<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y206c w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y206c w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206d w2f7 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC Beatrice OFTO Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x4b4 y206d w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4b5 y206d w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206e w2f8 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC Rampion OFTO Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y206e w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y206e w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206f w2f9 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC East Anglia OFTO Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x4b6 y206f w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4b7 y206f w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w2fa h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">TC Moray East OFTO Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x471 y1f44 w1ae h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x472 y1f44 w2b6 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">100<span class=\"_ _208\"> </span></div></td></tr></table>The entities listed above in aggregate r<span class=\"_ _6\"></span>epresent 53.6% (December 2023: 54.7%) of investments at fair value through profit or loss.  The remaining fair value is driven fr<span class=\"_ _6\"></span>om joint ventures, associate interests and minority stakes held by the Group. CONSOLID<span class=\"_ _6\"></span>A<span class=\"_ _6\"></span>TED SUBSIDIARIES<span class=\"_ _208\"> </span>The subsidiary undertakings of the Company<span class=\"_ _1\"></span>, all of which have been included in these consolidated financial statements are as follows:<span class=\"_ _208\"> </span><table class=\"s w2d9 hca\" id=\"_765b1c92-490a-4a2a-a8fd-036d17530704\"><tr><td></td><td class=\"t m1 x497 h14 y211d ff4 fsd fc0 sc0 ls0 ws0\">Place of incorporation </td><td class=\"t m1 x498 h14 y211e ff4 fsd fc0 sc0 ls0 ws0\">Proportion of  </td></tr><tr><td></td><td class=\"t m1 x499 h14 y211f ff4 fsd fc0 sc0 ls0 ws0\">(or registration) and </td><td class=\"t m1 x49a h14 y2120 ff4 fsd fc0 sc0 ls0 ws0\">ownership  </td></tr><tr><td class=\"t m1 x1d4 h14 y2121 ff4 fsd fc0 sc0 ls0 ws0\">Name<span class=\"_ _208\"> </span></td><td class=\"t m1 x1c9 h14 y2122 ff4 fsd fc0 sc0 ls0 ws0\">operation<span class=\"_ _208\"> </span></td><td class=\"t m1 x49a h14 y2123 ff4 fsd fc0 sc0 ls0 ws0\">interest %<span class=\"_ _208\"> </span></td></tr><tr><td class=\"c n x19b y2101 w2fb h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">International Public Partnerships Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x4b8 y2101 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4b9 y2101 w2fd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2102 w2fe h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">International Public Partnerships Lux 1 Sarl<span class=\"_ _208\"> </span></div></td><td class=\"c n x4ba y2102 w2ff h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsb0 wsb0\">Luxembourg<span class=\"_ _208\"> </span></div></td><td class=\"c n x4bb y2102 w2fd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206c w2fe h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">International Public Partnerships Lux 2 Sarl<span class=\"_ _208\"> </span></div></td><td class=\"c n x4ba y206c w2ff h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 lsb0 wsb0\">Luxembourg<span class=\"_ _208\"> </span></div></td><td class=\"c n x4bb y206c w2fd h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _5\"></span>0<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2103 w300 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">IPP Bond Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x4bc y2103 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4bd y2103 w98 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y206e w301 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">IPP Holdings 1 Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x4be y206e w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4bf y206e w98 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y2104 w302 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">IPP Investments UK Limited<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c0 y2104 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4c1 y2104 w303 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td></tr><tr><td class=\"c n x19b y1f44 w304 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls0 ws0\">IPP Investments Limited Partnership<span class=\"_ _208\"> </span></div></td><td class=\"c n x4bc y1f44 w2fc h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls67 ws63\">UK<span class=\"_ _208\"> </span></div></td><td class=\"c n x4bd y1f44 w98 h9d\"><div class=\"t m1 x19a h8 y1f07 ff4 fs0 fc0 sc0 ls10e ws106\">10<span class=\"_ _4\"></span>0<span class=\"_ _208\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-12": {
   "value": "Floor 2, Trafalgar Court Les Banques Guernsey Channel Islands GY1 4LY",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "en",
    "entity": "scheme:2138002AJT55TI5M4W30",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  }
 }
}