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   "value": "1278000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2024-01-01T00:00:00",
    "unit": "iso4217:USD"
   }
  },
  "f25094": {
   "value": "921000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:USD"
   }
  },
  "f25096": {
   "value": "1391000000",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:USD"
   }
  },
  "f25115": {
   "value": "General information <div class=\"t s2_163\" id=\"t3_163\" style=\"left:65px;bottom:1100px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">The Consolidated Financial Statements of InterContinental Hotels </div><div class=\"t s2_163\" id=\"t4_163\" style=\"left:65px;bottom:1084px;letter-spacing:-0.25px;word-spacing:-0.09px;display:inline;\">Group PLC (the \u2018Group\u2019 or \u2018IHG\u2019) for the year ended 31 December 2023 </div><div class=\"t s2_163\" id=\"t5_163\" style=\"left:65px;bottom:1069px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">were authorised for issue in accordance with a resolution of the </div><div class=\"t s2_163\" id=\"t6_163\" style=\"left:65px;bottom:1054px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Directors on 19 February 2024. InterContinental Hotels Group PLC </div>(the \u2018Company\u2019) is incorporated and registered in England and Wales.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f25116": {
   "value": "General information <div class=\"t s2_163\" id=\"t3_163\" style=\"left:65px;bottom:1100px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">The Consolidated Financial Statements of InterContinental Hotels </div><div class=\"t s2_163\" id=\"t4_163\" style=\"left:65px;bottom:1084px;letter-spacing:-0.25px;word-spacing:-0.09px;display:inline;\">Group PLC (the \u2018Group\u2019 or \u2018IHG\u2019) for the year ended 31 December 2023 </div><div class=\"t s2_163\" id=\"t5_163\" style=\"left:65px;bottom:1069px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">were authorised for issue in accordance with a resolution of the </div><div class=\"t s2_163\" id=\"t6_163\" style=\"left:65px;bottom:1054px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Directors on 19 February 2024. InterContinental Hotels Group PLC </div><div class=\"t s2_163\" id=\"t7_163\" style=\"left:65px;bottom:1039px;letter-spacing:-0.11px;word-spacing:-0.09px;display:inline;\">(the \u2018Company\u2019) is incorporated and registered in England and Wales. </div><div class=\"t s1_163\" id=\"t8_163\" style=\"left:65px;bottom:1016px;word-spacing:-0.14px;display:inline;\">Basis of preparation </div><div class=\"t s2_163\" id=\"t9_163\" style=\"left:65px;bottom:1000px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">The Consolidated Financial Statements of IHG have been prepared </div><div class=\"t s2_163\" id=\"ta_163\" style=\"left:65px;bottom:985px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">on a going concern basis (see below) and under the historical cost </div><div class=\"t s2_163\" id=\"tb_163\" style=\"left:65px;bottom:970px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">convention, except for assets and liabilities measured at fair value </div><div class=\"t s2_163\" id=\"tc_163\" style=\"left:65px;bottom:955px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">under relevant accounting standards. The Consolidated Financial </div><div class=\"t s2_163\" id=\"td_163\" style=\"left:65px;bottom:939px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">Statements have been prepared in accordance with UK-adopted </div><div class=\"t s2_163\" id=\"te_163\" style=\"left:65px;bottom:924px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">international accounting standards and with applicable law and </div><div class=\"t s2_163\" id=\"tf_163\" style=\"left:65px;bottom:909px;letter-spacing:-0.17px;word-spacing:-0.13px;display:inline;\">regulations, including the Companies Act 2006, and with International </div><div class=\"t s2_163\" id=\"tg_163\" style=\"left:65px;bottom:893px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Financial Reporting Standards (\u2018IFRSs\u2019) as issued by the International </div><div class=\"t s2_163\" id=\"th_163\" style=\"left:65px;bottom:878px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Accounting Standards Board (\u2018IASB\u2019). UK-adopted international </div><div class=\"t s2_163\" id=\"ti_163\" style=\"left:65px;bottom:863px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">accounting standards di\ufb00er in certain respects from IFRSs as issued </div><div class=\"t s2_163\" id=\"tj_163\" style=\"left:65px;bottom:848px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">by the IASB. However, the di\ufb00erences have no impact on the </div><div class=\"t s2_163\" id=\"tk_163\" style=\"left:65px;bottom:832px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Consolidated Financial Statements for the years presented. </div><div class=\"t s1_163\" id=\"tl_163\" style=\"left:65px;bottom:809px;letter-spacing:0.04px;word-spacing:-0.16px;display:inline;\">Going concern </div><div class=\"t s2_163\" id=\"tm_163\" style=\"left:65px;bottom:794px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">A period of 18 months has been used, from 1 January 2024 to </div><div class=\"t s2_163\" id=\"tn_163\" style=\"left:65px;bottom:779px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">30 June 2025, to complete the going concern assessment. </div><div class=\"t s2_163\" id=\"to_163\" style=\"left:65px;bottom:756px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">In adopting the going concern basis for preparing the Group </div><div class=\"t s3_163\" id=\"tp_163\" style=\"left:65px;bottom:741px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">financial statements, the Directors have considered a \u2018Base Case\u2019 </div><div class=\"t s2_163\" id=\"tq_163\" style=\"left:65px;bottom:725px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">scenario, as prepared by management, which assumes continued </div><div class=\"t s2_163\" id=\"tr_163\" style=\"left:65px;bottom:710px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">growth in RevPAR in 2024 and 2025 in line with market expectations. </div><div class=\"t s2_163\" id=\"ts_163\" style=\"left:65px;bottom:695px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">The assumptions applied in the Base Case scenario are consistent </div><div class=\"t s2_163\" id=\"tt_163\" style=\"left:65px;bottom:680px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">with those used for Group planning purposes, for impairment testing </div><div class=\"t s2_163\" id=\"tu_163\" style=\"left:65px;bottom:664px;letter-spacing:-0.17px;word-spacing:-0.1px;display:inline;\">(impairment tests adjusted for factors speci</div><div class=\"t s3_163\" id=\"tv_163\" style=\"left:302px;bottom:664px;letter-spacing:-0.17px;word-spacing:-0.1px;display:inline;\">fic to individual properties </div><div class=\"t s2_163\" id=\"tw_163\" style=\"left:65px;bottom:649px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">or portfolios) and for assessing recoverability of deferred tax assets. </div><div class=\"t s2_163\" id=\"tx_163\" style=\"left:65px;bottom:626px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The Directors have also reviewed a \u2018Severe Downside Case\u2019 which </div><div class=\"t s2_163\" id=\"ty_163\" style=\"left:65px;bottom:611px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">is based on a severe but plausible scenario equivalent to the market </div><div class=\"t s3_163\" id=\"tz_163\" style=\"left:65px;bottom:596px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">conditions experienced through the 2008/09 global financial crisis. </div><div class=\"t s2_163\" id=\"t10_163\" style=\"left:65px;bottom:580px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">This assumes that the performance during 2024 starts to worsen </div><div class=\"t s3_163\" id=\"t11_163\" style=\"left:65px;bottom:565px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">and then RevPAR decreases significantly by 17% in 2025. </div><div class=\"t s2_163\" id=\"t12_163\" style=\"left:65px;bottom:542px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">A large number of the Group\u2019s principal risks would result in an </div><div class=\"t s2_163\" id=\"t13_163\" style=\"left:65px;bottom:527px;letter-spacing:-0.17px;word-spacing:-0.1px;display:inline;\">impact on RevPAR, which is one of the sensitivities assessed against </div><div class=\"t s2_163\" id=\"t14_163\" style=\"left:65px;bottom:511px;letter-spacing:-0.17px;word-spacing:-0.1px;display:inline;\">the headroom available in the Base Case and Severe Downside Case </div><div class=\"t s3_163\" id=\"t15_163\" style=\"left:65px;bottom:496px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">scenarios. Climate risks are not considered to have a significant </div><div class=\"t s2_163\" id=\"t16_163\" style=\"left:65px;bottom:481px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">impact over the 18-month period of assessment. Other principal </div><div class=\"t s2_163\" id=\"t17_163\" style=\"left:65px;bottom:466px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">risks that could result in a large one-o\ufb00 incident that has a material </div><div class=\"t s3_163\" id=\"t18_163\" style=\"left:65px;bottom:450px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">impact on cash flow have also been considered, </div><div class=\"t s2_163\" id=\"t19_163\" style=\"left:336px;bottom:450px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">for example a </div><div class=\"t s2_163\" id=\"t1a_163\" style=\"left:65px;bottom:435px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">cybersecurity event. </div><div class=\"t s2_163\" id=\"t1b_163\" style=\"left:461px;bottom:1115px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">A one-year extension to the Group\u2019s revolving credit facility of </div><div class=\"t s2_163\" id=\"t1c_163\" style=\"left:461px;bottom:1100px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">$1,350m was exercised in 2023 and the facility now matures in </div><div class=\"t s2_163\" id=\"t1d_163\" style=\"left:461px;bottom:1084px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">2028. The Group\u2019s key covenant requires net debt:EBITDA below </div><div class=\"t s2_163\" id=\"t1e_163\" style=\"left:461px;bottom:1069px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">4.0x. See note 24 for additional information. In November 2023 </div><div class=\"t s2_163\" id=\"t1f_163\" style=\"left:461px;bottom:1054px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">the Group issued a six-year \u20ac600m bond. The only debt maturity </div><div class=\"t s2_163\" id=\"t1g_163\" style=\"left:461px;bottom:1039px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">in the period under consideration is the \u20ac500m October 2024 </div><div class=\"t s2_163\" id=\"t1h_163\" style=\"left:461px;bottom:1023px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">bond which is assumed to be repaid with cash on maturity. </div><div class=\"t s2_163\" id=\"t1i_163\" style=\"left:461px;bottom:1000px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">Under the Base Case and Severe Downside Case, bank covenants </div><div class=\"t s3_163\" id=\"t1j_163\" style=\"left:461px;bottom:985px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">are not breached and there is significant headroom to the </div><div class=\"t s2_163\" id=\"t1k_163\" style=\"left:461px;bottom:970px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">covenants to absorb multiple additional risks and uncertainties. </div><div class=\"t s2_163\" id=\"t1l_163\" style=\"left:461px;bottom:955px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Additional funding is not required in the period under consideration. </div><div class=\"t s2_163\" id=\"t1m_163\" style=\"left:461px;bottom:939px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The Directors also reviewed a number of actions that could be taken </div><div class=\"t s2_163\" id=\"t1n_163\" style=\"left:461px;bottom:924px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">if required to reduce discretionary spend, creating substantial </div><div class=\"t s2_163\" id=\"t1o_163\" style=\"left:461px;bottom:909px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">additional headroom to the covenants. </div><div class=\"t s2_163\" id=\"t1p_163\" style=\"left:461px;bottom:886px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">The Directors reviewed a reverse stress test scenario to determine </div><div class=\"t s2_163\" id=\"t1q_163\" style=\"left:461px;bottom:871px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">what decrease in RevPAR would create a breach of the covenants. </div><div class=\"t s2_163\" id=\"t1r_163\" style=\"left:461px;bottom:855px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">The Directors concluded that it was very unlikely that a single risk </div><div class=\"t s2_163\" id=\"t1s_163\" style=\"left:461px;bottom:840px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">or combination of the risks considered could create the sustained </div><div class=\"t s2_163\" id=\"t1t_163\" style=\"left:461px;bottom:825px;letter-spacing:-0.09px;word-spacing:-0.05px;display:inline;\">RevPAR impact required, except for a signi</div><div class=\"t s3_163\" id=\"t1u_163\" style=\"left:698px;bottom:825px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">ficant global event. </div><div class=\"t s2_163\" id=\"t1v_163\" style=\"left:461px;bottom:802px;letter-spacing:-0.13px;word-spacing:-0.08px;display:inline;\">The leverage and interest cover covenant tests up to 30 June 2025 </div><div class=\"t s2_163\" id=\"t1w_163\" style=\"left:461px;bottom:786px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">(the last day of the assessment period) have been considered </div><div class=\"t s2_163\" id=\"t1x_163\" style=\"left:461px;bottom:771px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">as part of the Base Case and Severe Downside Case scenarios. </div><div class=\"t s2_163\" id=\"t1y_163\" style=\"left:461px;bottom:756px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Neither of these scenarios indicate that a covenant amendment </div><div class=\"t s2_163\" id=\"t1z_163\" style=\"left:461px;bottom:741px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">would be required but, in the event that it was, the Directors believe </div><div class=\"t s2_163\" id=\"t20_163\" style=\"left:461px;bottom:725px;letter-spacing:-0.1px;word-spacing:-0.1px;display:inline;\">it is reasonable to expect that such an amendment could be obtained </div><div class=\"t s2_163\" id=\"t21_163\" style=\"left:461px;bottom:710px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">based on experience of negotiating the waivers and amendments in </div><div class=\"t s2_163\" id=\"t22_163\" style=\"left:461px;bottom:695px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">2020, however the going concern conclusion is not dependent on </div><div class=\"t s2_163\" id=\"t23_163\" style=\"left:461px;bottom:680px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">this expectation. The Group also has alternative options to manage </div><div class=\"t s2_163\" id=\"t24_163\" style=\"left:461px;bottom:664px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">this risk including raising additional funding in the capital markets. </div><div class=\"t s2_163\" id=\"t25_163\" style=\"left:461px;bottom:641px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Having reviewed these scenarios, the Directors have a reasonable </div><div class=\"t s3_163\" id=\"t26_163\" style=\"left:461px;bottom:626px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">expectation that the Group has su\ufb00icient resources to continue </div><div class=\"t s2_163\" id=\"t27_163\" style=\"left:461px;bottom:611px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">operating until at least 30 June 2025. Accordingly, they continue to </div><div class=\"t s3_163\" id=\"t28_163\" style=\"left:461px;bottom:596px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">adopt the going concern basis in preparing the financial statements. </div><div class=\"t s1_163\" id=\"t29_163\" style=\"left:461px;bottom:573px;word-spacing:-0.14px;display:inline;\">Presentational currency </div><div class=\"t s2_163\" id=\"t2a_163\" style=\"left:461px;bottom:557px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">The Consolidated Financial Statements are presented in millions </div><div class=\"t s2_163\" id=\"t2b_163\" style=\"left:461px;bottom:542px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">of US dollars re</div><div class=\"t s3_163\" id=\"t2c_163\" style=\"left:546px;bottom:542px;letter-spacing:-0.06px;word-spacing:-0.1px;display:inline;\">flecting the profile o</div><div class=\"t s2_163\" id=\"t2d_163\" style=\"left:658px;bottom:542px;letter-spacing:-0.11px;word-spacing:-0.04px;display:inline;\">f the Group\u2019s revenue and </div><div class=\"t s3_163\" id=\"t2e_163\" style=\"left:461px;bottom:527px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">operating profit which are primarily generated in US dollars or </div><div class=\"t s2_163\" id=\"t2f_163\" style=\"left:461px;bottom:511px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">US dollar-linked currencies. </div><div class=\"t s2_163\" id=\"t2g_163\" style=\"left:461px;bottom:489px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">In the Consolidated Financial Statements, equity share capital, </div><div class=\"t s2_163\" id=\"t2h_163\" style=\"left:461px;bottom:473px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">the capital redemption reserve and shares held by employee share </div><div class=\"t s2_163\" id=\"t2i_163\" style=\"left:461px;bottom:458px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">trusts are translated into US dollars at the relevant rate of exchange </div><div class=\"t s2_163\" id=\"t2j_163\" style=\"left:461px;bottom:443px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">on the last day of the period; the resultant exchange di\ufb00erences </div><div class=\"t s2_163\" id=\"t2k_163\" style=\"left:461px;bottom:427px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">are recorded in other reserves. </div><div class=\"t s2_163\" id=\"t2l_163\" style=\"left:461px;bottom:405px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">The functional currency of the Company is sterling since this is a </div><div class=\"t s2_163\" id=\"t2m_163\" style=\"left:461px;bottom:389px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">non-trading holding company located in the United Kingdom that </div><div class=\"t s2_163\" id=\"t2n_163\" style=\"left:461px;bottom:374px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">has sterling denominated share capital and whose primary activity </div><div class=\"t s2_163\" id=\"t2o_163\" style=\"left:461px;bottom:359px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">is the payment and receipt of sterling dividends and of interest on </div><div class=\"t s2_163\" id=\"t2p_163\" style=\"left:461px;bottom:343px;letter-spacing:-0.23px;word-spacing:-0.1px;display:inline;\">sterling denominated external borrowings and intercompany balances. </div><div class=\"t s4_163\" id=\"t2q_163\" style=\"left:65px;bottom:31px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\"> </div><div class=\"t m0_163 s5_163\" id=\"t2r_163\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t s4_163\" id=\"t2s_163\" style=\"left:827px;bottom:31px;letter-spacing:0.06px;display:inline;\"></div><div></div><div class=\"t s0_164\" id=\"t1_164\" style=\"left:65px;bottom:1115px;word-spacing:-0.14px;display:inline;\">Critical accounting policies and the use of judgements, </div><div class=\"t s0_164\" id=\"t2_164\" style=\"left:65px;bottom:1100px;letter-spacing:0.03px;word-spacing:-0.16px;display:inline;\">estimates and assumptions </div><div class=\"t s1_164\" id=\"t3_164\" style=\"left:65px;bottom:1084px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">In determining and applying the Group\u2019s accounting policies, </div><div class=\"t s1_164\" id=\"t4_164\" style=\"left:65px;bottom:1069px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">management are required to make judgements, estimates and </div><div class=\"t s1_164\" id=\"t5_164\" style=\"left:65px;bottom:1054px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">assumptions. An accounting policy is considered to be critical if its </div><div class=\"t s1_164\" id=\"t6_164\" style=\"left:65px;bottom:1039px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">selection or application could materially a\ufb00ect the reported amounts </div><div class=\"t s1_164\" id=\"t7_164\" style=\"left:65px;bottom:1023px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">of assets and liabilities at the date of the Consolidated Financial </div><div class=\"t s1_164\" id=\"t8_164\" style=\"left:65px;bottom:1008px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Statements, or the reported amounts of revenues and expenses </div><div class=\"t s1_164\" id=\"t9_164\" style=\"left:65px;bottom:993px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">during the reporting period, or could do so within the next </div><div class=\"t s2_164\" id=\"ta_164\" style=\"left:65px;bottom:977px;letter-spacing:-0.11px;word-spacing:-0.05px;display:inline;\">financial year. </div><div class=\"t s3_164\" id=\"tb_164\" style=\"left:65px;bottom:955px;letter-spacing:0.08px;display:inline;\">Judgements </div><div class=\"t s4_164\" id=\"tc_164\" style=\"left:65px;bottom:939px;letter-spacing:-0.08px;word-spacing:-0.05px;display:inline;\">System Fund </div><div class=\"t s1_164\" id=\"td_164\" style=\"left:65px;bottom:924px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">The Group operates a System Fund (the \u2018Fund\u2019) to collect and </div><div class=\"t s1_164\" id=\"te_164\" style=\"left:65px;bottom:909px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">administer cash assessments from hotel owners for speci</div><div class=\"t s2_164\" id=\"tf_164\" style=\"left:384px;bottom:909px;letter-spacing:0.04px;display:inline;\">fied </div><div class=\"t s1_164\" id=\"tg_164\" style=\"left:65px;bottom:893px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">purposes of use including marketing, reservations and the Group\u2019s </div><div class=\"t s1_164\" id=\"th_164\" style=\"left:65px;bottom:878px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">loyalty programme, IHG One Rewards. Assessments are generally </div><div class=\"t s1_164\" id=\"ti_164\" style=\"left:65px;bottom:863px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">levied as a percentage of hotel revenues. </div><div class=\"t s2_164\" id=\"tj_164\" style=\"left:65px;bottom:840px;letter-spacing:-0.12px;word-spacing:-0.08px;display:inline;\">The Fund is not managed to generate a surplus or deficit </div><div class=\"t s1_164\" id=\"tk_164\" style=\"left:378px;bottom:840px;letter-spacing:-0.14px;word-spacing:-0.08px;display:inline;\">for IHG over </div><div class=\"t s1_164\" id=\"tl_164\" style=\"left:65px;bottom:825px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">the longer term, but is managed for the bene</div><div class=\"t s2_164\" id=\"tm_164\" style=\"left:315px;bottom:825px;letter-spacing:-0.05px;word-spacing:-0.11px;display:inline;\">fit o</div><div class=\"t s1_164\" id=\"tn_164\" style=\"left:337px;bottom:825px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">f the IHG System </div><div class=\"t s1_164\" id=\"to_164\" style=\"left:65px;bottom:809px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">with the objective of driving revenues for the hotels in the System. </div><div class=\"t s1_164\" id=\"tp_164\" style=\"left:65px;bottom:786px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">In relation to marketing and reservation services, the Group\u2019s </div><div class=\"t s1_164\" id=\"tq_164\" style=\"left:65px;bottom:771px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">performance obligation under IFRS 15 \u2018Revenue from Contracts </div><div class=\"t s1_164\" id=\"tr_164\" style=\"left:65px;bottom:756px;letter-spacing:-0.11px;word-spacing:-0.09px;display:inline;\">with Customers\u2019 is determined to be the continuous performance of </div><div class=\"t s1_164\" id=\"ts_164\" style=\"left:65px;bottom:741px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">the services rather than the spending of the assessments received. </div><div class=\"t s1_164\" id=\"tt_164\" style=\"left:65px;bottom:725px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Accordingly, assessment fees are recognised as hotel revenues </div><div class=\"t s1_164\" id=\"tu_164\" style=\"left:65px;bottom:710px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">occur, Fund expenses are charged to the Group income statement </div><div class=\"t s1_164\" id=\"tv_164\" style=\"left:65px;bottom:695px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">as incurred and no constructive obligation is deemed to exist under </div><div class=\"t s1_164\" id=\"tw_164\" style=\"left:65px;bottom:680px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">IAS 37 \u2018Provisions, Contingent Liabilities and Contingent Assets\u2019. </div><div class=\"t s1_164\" id=\"tx_164\" style=\"left:65px;bottom:664px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">Accordingly, no liability is recognised relating to the balance of </div><div class=\"t s1_164\" id=\"ty_164\" style=\"left:65px;bottom:649px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">unspent funds. </div><div class=\"t s1_164\" id=\"tz_164\" style=\"left:65px;bottom:626px;letter-spacing:-0.12px;word-spacing:-0.08px;display:inline;\">No other critical judgements have been made in applying the Group\u2019s </div><div class=\"t s1_164\" id=\"t10_164\" style=\"left:65px;bottom:611px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">accounting policies. </div><div class=\"t s3_164\" id=\"t11_164\" style=\"left:65px;bottom:588px;letter-spacing:0.03px;display:inline;\">Estimates </div><div class=\"t s2_164\" id=\"t12_164\" style=\"left:65px;bottom:573px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Management consider that significant estimates and assumptions </div><div class=\"t s1_164\" id=\"t13_164\" style=\"left:65px;bottom:557px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">are used as described below. Estimates and assumptions are </div><div class=\"t s1_164\" id=\"t14_164\" style=\"left:65px;bottom:542px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">evaluated by management using historical experience and other </div><div class=\"t s1_164\" id=\"t15_164\" style=\"left:65px;bottom:527px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">factors believed to be reasonable based on current circumstances. </div><div class=\"t s4_164\" id=\"t16_164\" style=\"left:65px;bottom:504px;letter-spacing:-0.08px;display:inline;\">Loyalty </div><div class=\"t s4_164\" id=\"t17_164\" style=\"left:107px;bottom:504px;letter-spacing:-0.03px;display:inline;\">programme </div><div class=\"t s1_164\" id=\"t18_164\" style=\"left:65px;bottom:489px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">The loyalty programme, IHG One Rewards, enables members to earn </div><div class=\"t s1_164\" id=\"t19_164\" style=\"left:65px;bottom:473px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">points during each qualifying stay at an IHG branded hotel and through </div><div class=\"t s1_164\" id=\"t1a_164\" style=\"left:65px;bottom:458px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">other partnerships and programmes. Members are able to consume </div><div class=\"t s1_164\" id=\"t1b_164\" style=\"left:65px;bottom:443px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">those points at a later date for free or reduced accommodation or </div><div class=\"t s2_164\" id=\"t1c_164\" style=\"left:65px;bottom:427px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">other benefits. Points revenue includes hotel assessments, revenue </div><div class=\"t s1_164\" id=\"t1d_164\" style=\"left:65px;bottom:412px;letter-spacing:-0.22px;word-spacing:-0.11px;display:inline;\">from third-party partners and proceeds from points purchased directly </div><div class=\"t s1_164\" id=\"t1e_164\" style=\"left:65px;bottom:397px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">by members. </div><div class=\"t s1_164\" id=\"t1f_164\" style=\"left:65px;bottom:374px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The Group recognises deferred revenue in an amount that re</div><div class=\"t s2_164\" id=\"t1g_164\" style=\"left:402px;bottom:374px;letter-spacing:0.01px;display:inline;\">flects </div><div class=\"t s2_164\" id=\"t1h_164\" style=\"left:65px;bottom:359px;letter-spacing:-0.02px;word-spacing:-0.13px;display:inline;\">IHG\u2019s unsatisfied per</div><div class=\"t s1_164\" id=\"t1i_164\" style=\"left:181px;bottom:359px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">formance obligations, valued at the stand-alone </div><div class=\"t s1_164\" id=\"t1j_164\" style=\"left:65px;bottom:343px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">selling price of the future bene</div><div class=\"t s2_164\" id=\"t1k_164\" style=\"left:236px;bottom:343px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">fit to the member. The amount o</div><div class=\"t s1_164\" id=\"t1l_164\" style=\"left:415px;bottom:343px;display:inline;\">f </div><div class=\"t s1_164\" id=\"t1m_164\" style=\"left:65px;bottom:328px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">revenue recognised and deferred is impacted by \u2018breakage\u2019 (points </div><div class=\"t s1_164\" id=\"t1n_164\" style=\"left:65px;bottom:313px;letter-spacing:-0.05px;word-spacing:-0.13px;display:inline;\">that will never be consumed). On an annual basis the Group engages </div><div class=\"t s1_164\" id=\"t1o_164\" style=\"left:65px;bottom:298px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">an external actuary who uses statistical formulae to assist in the </div><div class=\"t s1_164\" id=\"t1p_164\" style=\"left:65px;bottom:282px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">estimate of breakage. </div><div class=\"t s2_164\" id=\"t1q_164\" style=\"left:461px;bottom:1115px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">Significant estimation uncertainty exists in projecting members\u2019 </div><div class=\"t s1_164\" id=\"t1r_164\" style=\"left:461px;bottom:1100px;letter-spacing:-0.12px;word-spacing:-0.08px;display:inline;\">future consumption activity. In 2022 and 2021, the breakage estimate </div><div class=\"t s1_164\" id=\"t1s_164\" style=\"left:461px;bottom:1084px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">was formed using pre-Covid-19 behaviour patterns as a base, but </div><div class=\"t s1_164\" id=\"t1t_164\" style=\"left:461px;bottom:1069px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">giving some weight to activity since 2020 and incorporating the </div><div class=\"t s1_164\" id=\"t1u_164\" style=\"left:461px;bottom:1054px;letter-spacing:-0.04px;word-spacing:-0.14px;display:inline;\">impact of 2022 programme changes. In 2023, the breakage estimate </div><div class=\"t s1_164\" id=\"t1v_164\" style=\"left:461px;bottom:1039px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">has been formed without any equivalent adjustment, re</div><div class=\"t s2_164\" id=\"t1w_164\" style=\"left:769px;bottom:1039px;letter-spacing:-0.03px;display:inline;\">flecting </div><div class=\"t s1_164\" id=\"t1x_164\" style=\"left:461px;bottom:1023px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">normalising patterns of redemption behaviour. If future member </div><div class=\"t s2_164\" id=\"t1y_164\" style=\"left:461px;bottom:1008px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">behaviour deviates significantly </div><div class=\"t s1_164\" id=\"t1z_164\" style=\"left:640px;bottom:1008px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">from expectations, breakage </div><div class=\"t s1_164\" id=\"t20_164\" style=\"left:461px;bottom:993px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">estimates could increase or decrease. At 31 December 2023, </div><div class=\"t s1_164\" id=\"t21_164\" style=\"left:461px;bottom:977px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">deferred revenue relating to the loyalty programme was $1,529m </div><div class=\"t s1_164\" id=\"t22_164\" style=\"left:461px;bottom:962px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">(2022: $1,411m, 2021: $1,292m). Based on the conditions existing </div><div class=\"t s1_164\" id=\"t23_164\" style=\"left:461px;bottom:947px;letter-spacing:-0.04px;word-spacing:-0.15px;display:inline;\">at the balance sheet date, a one percentage point decrease/increase </div><div class=\"t s1_164\" id=\"t24_164\" style=\"left:461px;bottom:932px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">in the breakage estimate relating to earned points would increase/ </div><div class=\"t s1_164\" id=\"t25_164\" style=\"left:461px;bottom:916px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">reduce this liability by $75m. </div><div class=\"t s1_164\" id=\"t26_164\" style=\"left:461px;bottom:893px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Actuarial gains and losses would correspondingly adjust the amount </div><div class=\"t s1_164\" id=\"t27_164\" style=\"left:461px;bottom:878px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">of System Fund and reimbursable revenues recognised and deferred </div><div class=\"t s1_164\" id=\"t28_164\" style=\"left:461px;bottom:863px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">revenue in the Group statement of </div><div class=\"t s2_164\" id=\"t29_164\" style=\"left:655px;bottom:863px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">financial position. </div><div class=\"t s5_164\" id=\"t2a_164\" style=\"left:461px;bottom:840px;letter-spacing:0.01px;word-spacing:-0.15px;display:inline;\">Significant accounting policies </div><div class=\"t s3_164\" id=\"t2b_164\" style=\"left:461px;bottom:825px;letter-spacing:0.01px;word-spacing:-0.15px;display:inline;\">Basis of consolidation </div><div class=\"t s2_164\" id=\"t2c_164\" style=\"left:461px;bottom:809px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">The Consolidated Financial Statements comprise the financial </div><div class=\"t s1_164\" id=\"t2d_164\" style=\"left:461px;bottom:794px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">statements of the Parent Company and entities controlled by </div><div class=\"t s1_164\" id=\"t2e_164\" style=\"left:461px;bottom:779px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">the Group. Control exists when the Group has: </div><div class=\"t s4_164\" id=\"t2f_164\" style=\"left:461px;bottom:756px;display:inline;\">\u2022 </div><div class=\"t s1_164\" id=\"t2g_164\" style=\"left:470px;bottom:756px;letter-spacing:-0.1px;word-spacing:-0.05px;display:inline;\">power over an investee (i.e., existing rights that give it the current </div><div class=\"t s1_164\" id=\"t2h_164\" style=\"left:470px;bottom:741px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">ability to direct the relevant activities of the investee); </div><div class=\"t s4_164\" id=\"t2i_164\" style=\"left:461px;bottom:722px;display:inline;\">\u2022 </div><div class=\"t s1_164\" id=\"t2j_164\" style=\"left:470px;bottom:722px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">exposure, or rights, to variable returns from its involvement with </div><div class=\"t s1_164\" id=\"t2k_164\" style=\"left:470px;bottom:706px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">the investee; and </div><div class=\"t s4_164\" id=\"t2l_164\" style=\"left:461px;bottom:687px;display:inline;\">\u2022 </div><div class=\"t s1_164\" id=\"t2m_164\" style=\"left:470px;bottom:687px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">the ability to use its power over the investee to a\ufb00ect its returns. </div><div class=\"t s1_164\" id=\"t2n_164\" style=\"left:461px;bottom:664px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">All intra-group balances and transactions are eliminated on </div><div class=\"t s1_164\" id=\"t2o_164\" style=\"left:461px;bottom:649px;letter-spacing:-0.02px;display:inline;\">consolidation. </div><div class=\"t s1_164\" id=\"t2p_164\" style=\"left:461px;bottom:626px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">The assets, liabilities and results of those businesses acquired or </div><div class=\"t s1_164\" id=\"t2q_164\" style=\"left:461px;bottom:611px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">disposed of are consolidated for the period during which they were </div><div class=\"t s1_164\" id=\"t2r_164\" style=\"left:461px;bottom:596px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">under the Group\u2019s control. </div><div class=\"t s3_164\" id=\"t2s_164\" style=\"left:461px;bottom:573px;word-spacing:-0.13px;display:inline;\">Foreign currencies </div><div class=\"t s1_164\" id=\"t2t_164\" style=\"left:461px;bottom:557px;letter-spacing:-0.14px;word-spacing:-0.07px;display:inline;\">Within the Group\u2019s subsidiaries, transactions in foreign currencies are </div><div class=\"t s1_164\" id=\"t2u_164\" style=\"left:461px;bottom:542px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">translated to the subsidiary\u2019s functional currency at the exchange </div><div class=\"t s1_164\" id=\"t2v_164\" style=\"left:461px;bottom:527px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">rates ruling on the dates of the transactions. Monetary assets and </div><div class=\"t s1_164\" id=\"t2w_164\" style=\"left:461px;bottom:512px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">liabilities denominated in foreign currencies are retranslated to the </div><div class=\"t s1_164\" id=\"t2x_164\" style=\"left:461px;bottom:496px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">subsidiary\u2019s functional currency at the relevant rates of exchange </div><div class=\"t s1_164\" id=\"t2y_164\" style=\"left:461px;bottom:481px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">ruling on the last day of the period. On consolidation: </div><div class=\"t s4_164\" id=\"t2z_164\" style=\"left:461px;bottom:458px;display:inline;\">\u2022 </div><div class=\"t s1_164\" id=\"t30_164\" style=\"left:470px;bottom:458px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">The assets and liabilities of foreign operations of the Group\u2019s </div><div class=\"t s1_164\" id=\"t31_164\" style=\"left:470px;bottom:443px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">subsidiaries with a functional currency other than US dollars are </div><div class=\"t s1_164\" id=\"t32_164\" style=\"left:470px;bottom:427px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">translated into US dollars at the relevant rates of exchange ruling </div><div class=\"t s1_164\" id=\"t33_164\" style=\"left:470px;bottom:412px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">on the last day of the period. The revenues and expenses of foreign </div><div class=\"t s1_164\" id=\"t34_164\" style=\"left:470px;bottom:397px;letter-spacing:-0.26px;word-spacing:-0.07px;display:inline;\">operations are translated into US dollars at average rates of exchange </div><div class=\"t s1_164\" id=\"t35_164\" style=\"left:470px;bottom:382px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">for each month of the reporting period. The Group treats speci</div><div class=\"t s2_164\" id=\"t36_164\" style=\"left:819px;bottom:382px;display:inline;\">fic </div><div class=\"t s1_164\" id=\"t37_164\" style=\"left:470px;bottom:366px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">intercompany loan balances, which are not intended to be repaid </div><div class=\"t s1_164\" id=\"t38_164\" style=\"left:470px;bottom:351px;letter-spacing:-0.19px;word-spacing:-0.08px;display:inline;\">in the foreseeable future, as part of its net investment. The exchange </div><div class=\"t s1_164\" id=\"t39_164\" style=\"left:470px;bottom:336px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">di\ufb00erences arising on retranslation are taken to the currency </div><div class=\"t s1_164\" id=\"t3a_164\" style=\"left:470px;bottom:321px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">translation reserve; and </div><div class=\"t s4_164\" id=\"t3b_164\" style=\"left:461px;bottom:301px;display:inline;\">\u2022 </div><div class=\"t s1_164\" id=\"t3c_164\" style=\"left:470px;bottom:301px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Exchange di\ufb00erences arising from the translation of borrowings </div><div class=\"t s1_164\" id=\"t3d_164\" style=\"left:470px;bottom:286px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">that are designated as a hedge against a net investment in a </div><div class=\"t s1_164\" id=\"t3e_164\" style=\"left:470px;bottom:271px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">foreign operation are taken to the currency translation reserve. </div><div class=\"t s1_164\" id=\"t3f_164\" style=\"left:461px;bottom:248px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">On disposal of a foreign operation, the cumulative amount </div><div class=\"t s1_164\" id=\"t3g_164\" style=\"left:461px;bottom:233px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">recognised in the currency translation reserve relating to that </div><div class=\"t s1_164\" id=\"t3h_164\" style=\"left:461px;bottom:217px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">particular foreign operation is recycled as part of the gain or </div><div class=\"t s1_164\" id=\"t3i_164\" style=\"left:461px;bottom:202px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">loss on disposal. </div><div class=\"t s3_164\" id=\"t3j_164\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t s4_164\" id=\"t3k_164\" style=\"left:65px;bottom:31px;letter-spacing:0.01px;display:inline;\"></div><div></div><div class=\"t s0_165\" id=\"t1_165\" style=\"left:65px;bottom:1115px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">Revenue recognition </div><div class=\"t s1_165\" id=\"t2_165\" style=\"left:65px;bottom:1100px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Revenue is recognised at an amount that reflects the consideration </div><div class=\"t s2_165\" id=\"t3_165\" style=\"left:65px;bottom:1084px;letter-spacing:-0.2px;word-spacing:-0.07px;display:inline;\">to which the Group expects to be entitled in exchange for transferring </div><div class=\"t s1_165\" id=\"t4_165\" style=\"left:65px;bottom:1069px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">goods or services to a customer. </div><div class=\"t s3_165\" id=\"t5_165\" style=\"left:65px;bottom:1046px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">Fee business revenue </div><div class=\"t s2_165\" id=\"t6_165\" style=\"left:65px;bottom:1031px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">Under franchise agreements, the Group\u2019s performance obligation </div><div class=\"t s1_165\" id=\"t7_165\" style=\"left:65px;bottom:1016px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">is to provide a licence to use IHG\u2019s trademarks and other intellectual </div><div class=\"t s2_165\" id=\"t8_165\" style=\"left:65px;bottom:1000px;letter-spacing:-0.12px;word-spacing:-0.1px;display:inline;\">property. Franchise royalty fees are typically charged as a percentage </div><div class=\"t s2_165\" id=\"t9_165\" style=\"left:65px;bottom:985px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">of hotel gross rooms revenues and are treated as variable </div><div class=\"t s1_165\" id=\"ta_165\" style=\"left:65px;bottom:970px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">consideration, recognised as the underlying hotel revenues occur. </div><div class=\"t s2_165\" id=\"tb_165\" style=\"left:65px;bottom:947px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">Under management agreements, the Group\u2019s performance </div><div class=\"t s1_165\" id=\"tc_165\" style=\"left:65px;bottom:932px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">obligation is to provide hotel management services and a licence </div><div class=\"t s1_165\" id=\"td_165\" style=\"left:65px;bottom:916px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">to use IHG\u2019s trademarks and other intellectual property. Base and </div><div class=\"t s2_165\" id=\"te_165\" style=\"left:65px;bottom:901px;letter-spacing:-0.09px;word-spacing:-0.11px;display:inline;\">incentive management fees are typically charged. Base management </div><div class=\"t s2_165\" id=\"tf_165\" style=\"left:65px;bottom:886px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">fees are typically a percentage of total hotel revenues and incentive </div><div class=\"t s2_165\" id=\"tg_165\" style=\"left:65px;bottom:871px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">management fees are generally based on the hotel\u2019s pro</div><div class=\"t s1_165\" id=\"th_165\" style=\"left:378px;bottom:871px;letter-spacing:-0.04px;word-spacing:-0.13px;display:inline;\">fitability or </div><div class=\"t s1_165\" id=\"ti_165\" style=\"left:65px;bottom:855px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">cash flows. Both are treated as variable consideration. Like </div><div class=\"t s2_165\" id=\"tj_165\" style=\"left:392px;bottom:855px;letter-spacing:-0.04px;display:inline;\">franchise </div><div class=\"t s2_165\" id=\"tk_165\" style=\"left:65px;bottom:840px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">fees, base management fees are recognised as the underlying hotel </div><div class=\"t s2_165\" id=\"tl_165\" style=\"left:65px;bottom:825px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">revenues occur. Incentive management fees are recognised over </div><div class=\"t s1_165\" id=\"tm_165\" style=\"left:65px;bottom:809px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">time when it is considered highly probable that the related </div><div class=\"t s2_165\" id=\"tn_165\" style=\"left:65px;bottom:794px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">performance criteria for each annual period will be met, provided </div><div class=\"t s2_165\" id=\"to_165\" style=\"left:65px;bottom:779px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">there is no expectation of a subsequent reversal of the revenue. </div><div class=\"t s2_165\" id=\"tp_165\" style=\"left:65px;bottom:756px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Application and re-licensing fees are not considered to be distinct </div><div class=\"t s2_165\" id=\"tq_165\" style=\"left:65px;bottom:741px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">from the franchise performance obligation and are recognised over </div><div class=\"t s2_165\" id=\"tr_165\" style=\"left:65px;bottom:725px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">the life of the related agreement. </div><div class=\"t s1_165\" id=\"ts_165\" style=\"left:65px;bottom:702px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Franchise and management agreements also contain a promise </div><div class=\"t s1_165\" id=\"tt_165\" style=\"left:65px;bottom:687px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">to provide technology support and network services to hotels. </div><div class=\"t s2_165\" id=\"tu_165\" style=\"left:65px;bottom:672px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">A monthly technology fee, based on either gross rooms revenues </div><div class=\"t s2_165\" id=\"tv_165\" style=\"left:65px;bottom:657px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">or the number of rooms in the hotel, is charged and recognised </div><div class=\"t s2_165\" id=\"tw_165\" style=\"left:65px;bottom:641px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">over time as these services are delivered. Technology fee income </div><div class=\"t s1_165\" id=\"tx_165\" style=\"left:65px;bottom:626px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">is included in Central revenue. </div><div class=\"t s2_165\" id=\"ty_165\" style=\"left:65px;bottom:603px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Technical service fees are received in relation to design and </div><div class=\"t s2_165\" id=\"tz_165\" style=\"left:65px;bottom:588px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">engineering support provided prior to the opening of certain hotel </div><div class=\"t s2_165\" id=\"t10_165\" style=\"left:65px;bottom:573px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">properties. These services are a distinct performance obligation </div><div class=\"t s2_165\" id=\"t11_165\" style=\"left:65px;bottom:557px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">and the fees are recognised as revenue over the pre-opening period </div><div class=\"t s2_165\" id=\"t12_165\" style=\"left:65px;bottom:542px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">in line with the Group\u2019s assessment of the stage of completion of the </div><div class=\"t s2_165\" id=\"t13_165\" style=\"left:65px;bottom:527px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">project, based on the latest expectation of hotel opening date and </div><div class=\"t s2_165\" id=\"t14_165\" style=\"left:65px;bottom:511px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">its knowledge and experience of the pattern of work performed on </div><div class=\"t s1_165\" id=\"t15_165\" style=\"left:65px;bottom:496px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">comparable projects. </div><div class=\"t s1_165\" id=\"t16_165\" style=\"left:65px;bottom:473px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">The Group has applied the practical expedient in IFRS 15 not to </div><div class=\"t s2_165\" id=\"t17_165\" style=\"left:65px;bottom:458px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">disclose the aggregate amount of the transaction price allocated to </div><div class=\"t s2_165\" id=\"t18_165\" style=\"left:65px;bottom:443px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">performance obligations that are unsatis</div><div class=\"t s1_165\" id=\"t19_165\" style=\"left:291px;bottom:443px;letter-spacing:-0.03px;word-spacing:-0.13px;display:inline;\">fied or partially unsatisfied </div><div class=\"t s2_165\" id=\"t1a_165\" style=\"left:65px;bottom:427px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">as at the end of the reporting period for all amounts where the </div><div class=\"t s1_165\" id=\"t1b_165\" style=\"left:65px;bottom:412px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Group has a right to consideration in an amount that corresponds </div><div class=\"t s2_165\" id=\"t1c_165\" style=\"left:65px;bottom:397px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">directly with the value to the customer of the Group\u2019s performance </div><div class=\"t s2_165\" id=\"t1d_165\" style=\"left:65px;bottom:382px;letter-spacing:-0.05px;word-spacing:-0.08px;display:inline;\">completed to date (including franchise and management fees). </div><div class=\"t s3_165\" id=\"t1e_165\" style=\"left:461px;bottom:1115px;letter-spacing:-0.02px;word-spacing:-0.13px;display:inline;\">Contract assets </div><div class=\"t s2_165\" id=\"t1f_165\" style=\"left:461px;bottom:1100px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Amounts paid to hotel owners to secure management and franchise </div><div class=\"t s1_165\" id=\"t1g_165\" style=\"left:461px;bottom:1084px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">agreements (\u2018key money\u2019) are treated as consideration payable to </div><div class=\"t s1_165\" id=\"t1h_165\" style=\"left:461px;bottom:1069px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">a customer. A contract asset is recorded which is recognised as </div><div class=\"t s2_165\" id=\"t1i_165\" style=\"left:461px;bottom:1054px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">a deduction to revenue over the initial term of the agreement. </div><div class=\"t s1_165\" id=\"t1j_165\" style=\"left:461px;bottom:1031px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">In limited cases, loans can be provided to an owner, in such cases </div><div class=\"t s2_165\" id=\"t1k_165\" style=\"left:461px;bottom:1016px;letter-spacing:-0.1px;word-spacing:-0.06px;display:inline;\">the initial credit risk will be low. The di\ufb00erence, if any, between the </div><div class=\"t s2_165\" id=\"t1l_165\" style=\"left:461px;bottom:1000px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">face and market value of the loan on inception is recognised as </div><div class=\"t s1_165\" id=\"t1m_165\" style=\"left:461px;bottom:985px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">a contract asset. </div><div class=\"t s2_165\" id=\"t1n_165\" style=\"left:461px;bottom:962px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">In limited cases, the Group may provide performance guarantees </div><div class=\"t s2_165\" id=\"t1o_165\" style=\"left:461px;bottom:947px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">to third-party hotel owners. The expected value of payments under </div><div class=\"t s2_165\" id=\"t1p_165\" style=\"left:461px;bottom:932px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">performance guarantees reduces the overall transaction price and is </div><div class=\"t s2_165\" id=\"t1q_165\" style=\"left:461px;bottom:916px;letter-spacing:-0.17px;word-spacing:-0.14px;display:inline;\">recognised as a deduction to revenue over the term of the agreement. </div><div class=\"t s1_165\" id=\"t1r_165\" style=\"left:461px;bottom:893px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">Typically, contract assets are not financial assets as they represent </div><div class=\"t s2_165\" id=\"t1s_165\" style=\"left:461px;bottom:878px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">amounts paid by the Group at the beginning of a contract, and so </div><div class=\"t s2_165\" id=\"t1t_165\" style=\"left:461px;bottom:863px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">are tested for impairment based on value in use rather than with </div><div class=\"t s2_165\" id=\"t1u_165\" style=\"left:461px;bottom:848px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">reference to expected credit losses. Contract assets are reviewed </div><div class=\"t s2_165\" id=\"t1v_165\" style=\"left:461px;bottom:832px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">for impairment when events or changes in circumstances indicate </div><div class=\"t s2_165\" id=\"t1w_165\" style=\"left:461px;bottom:817px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">that the carrying value may not be recoverable. If carrying values </div><div class=\"t s2_165\" id=\"t1x_165\" style=\"left:461px;bottom:802px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">exceed the recoverable amount, determined by reference to </div><div class=\"t s2_165\" id=\"t1y_165\" style=\"left:461px;bottom:786px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">estimated future cash </div><div class=\"t s1_165\" id=\"t1z_165\" style=\"left:585px;bottom:786px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">flows discounted to their present value using </div><div class=\"t s1_165\" id=\"t20_165\" style=\"left:461px;bottom:771px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">a pre-tax discount rate, the contract assets are written down to the </div><div class=\"t s1_165\" id=\"t21_165\" style=\"left:461px;bottom:756px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">recoverable amount. </div><div class=\"t s4_165\" id=\"t22_165\" style=\"left:461px;bottom:733px;letter-spacing:-0.05px;word-spacing:-0.08px;display:inline;\">Deferred revenue </div><div class=\"t s2_165\" id=\"t23_165\" style=\"left:461px;bottom:718px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Deferred revenue is recognised when payment is received before </div><div class=\"t s2_165\" id=\"t24_165\" style=\"left:461px;bottom:702px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">the related performance obligation is satis</div><div class=\"t s1_165\" id=\"t25_165\" style=\"left:696px;bottom:702px;letter-spacing:0.02px;display:inline;\">fied. </div><div class=\"t s2_165\" id=\"t26_165\" style=\"left:461px;bottom:680px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Revenue is also deferred when key money is committed and is highly </div><div class=\"t s2_165\" id=\"t27_165\" style=\"left:461px;bottom:664px;letter-spacing:-0.14px;word-spacing:-0.07px;display:inline;\">likely to be paid. The annual revenue deferral is equal to the reduction </div><div class=\"t s2_165\" id=\"t28_165\" style=\"left:461px;bottom:649px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">to revenue that would arise if the key money were paid at inception </div><div class=\"t s2_165\" id=\"t29_165\" style=\"left:461px;bottom:634px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">of the contract. When payment is made, a net contract asset is </div><div class=\"t s2_165\" id=\"t2a_165\" style=\"left:461px;bottom:618px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">recorded which is amortised over the remaining initial term of </div><div class=\"t s1_165\" id=\"t2b_165\" style=\"left:461px;bottom:603px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">the agreement. </div><div class=\"t s3_165\" id=\"t2c_165\" style=\"left:461px;bottom:580px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">Contract costs </div><div class=\"t s2_165\" id=\"t2d_165\" style=\"left:461px;bottom:565px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Certain costs incurred to secure management and franchise </div><div class=\"t s1_165\" id=\"t2e_165\" style=\"left:461px;bottom:550px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">agreements, typically developer commissions, are capitalised and </div><div class=\"t s2_165\" id=\"t2f_165\" style=\"left:461px;bottom:534px;letter-spacing:-0.25px;word-spacing:-0.08px;display:inline;\">amortised as an expense over the initial term of the related agreement. </div><div class=\"t s1_165\" id=\"t2g_165\" style=\"left:461px;bottom:519px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">These costs are presented as contract costs in the Group statement </div><div class=\"t s2_165\" id=\"t2h_165\" style=\"left:461px;bottom:504px;letter-spacing:-0.11px;display:inline;\">of </div><div class=\"t s1_165\" id=\"t2i_165\" style=\"left:475px;bottom:504px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">financial position. </div><div class=\"t s2_165\" id=\"t2j_165\" style=\"left:461px;bottom:481px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Contract costs are reviewed for impairment when events or </div><div class=\"t s1_165\" id=\"t2k_165\" style=\"left:461px;bottom:466px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">changes in circumstances indicate that the carrying value may not </div><div class=\"t s2_165\" id=\"t2l_165\" style=\"left:461px;bottom:450px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">be recoverable with reference to the future expected cash </div><div class=\"t s1_165\" id=\"t2m_165\" style=\"left:788px;bottom:450px;letter-spacing:-0.06px;display:inline;\">flows </div><div class=\"t s2_165\" id=\"t2n_165\" style=\"left:461px;bottom:435px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">from the contract. </div><div class=\"t s4_165\" id=\"t2o_165\" style=\"left:461px;bottom:412px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">Revenue from owned, leased and managed lease hotels </div><div class=\"t s1_165\" id=\"t2p_165\" style=\"left:461px;bottom:397px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">At its owned, leased and managed lease hotels, the Group\u2019s </div><div class=\"t s2_165\" id=\"t2q_165\" style=\"left:461px;bottom:382px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">performance obligation is to provide accommodation and other </div><div class=\"t s1_165\" id=\"t2r_165\" style=\"left:461px;bottom:366px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">goods and services to guests. Revenue includes rooms revenue and </div><div class=\"t s2_165\" id=\"t2s_165\" style=\"left:461px;bottom:351px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">food and beverage sales, which are recognised when the rooms are </div><div class=\"t s2_165\" id=\"t2t_165\" style=\"left:461px;bottom:336px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">occupied and food and beverages are sold. Guest deposits received </div><div class=\"t s2_165\" id=\"t2u_165\" style=\"left:461px;bottom:321px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">in advance of hotel stays are recorded as deferred revenue in the </div><div class=\"t s2_165\" id=\"t2v_165\" style=\"left:461px;bottom:305px;letter-spacing:-0.18px;word-spacing:-0.09px;display:inline;\">Group statement of </div><div class=\"t s1_165\" id=\"t2w_165\" style=\"left:571px;bottom:305px;letter-spacing:-0.17px;word-spacing:-0.1px;display:inline;\">financial position. They are recognised as revenue </div><div class=\"t s2_165\" id=\"t2x_165\" style=\"left:461px;bottom:290px;letter-spacing:-0.24px;word-spacing:-0.09px;display:inline;\">along with any balancing payment from the guest when the associated </div><div class=\"t s2_165\" id=\"t2y_165\" style=\"left:461px;bottom:275px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">stay occurs, or are returned to the customer in the event of </div><div class=\"t s1_165\" id=\"t2z_165\" style=\"left:461px;bottom:259px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">a cancellation. </div><div class=\"t s3_165\" id=\"t30_165\" style=\"left:65px;bottom:31px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\"> </div><div class=\"t m0_165 s5_165\" id=\"t31_165\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t s3_165\" id=\"t32_165\" style=\"left:825px;bottom:31px;letter-spacing:0.09px;display:inline;\"></div><div></div><div class=\"t s0_166\" id=\"t1_166\" style=\"left:65px;bottom:1115px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">System Fund and reimbursable revenues </div><div class=\"t s1_166\" id=\"t2_166\" style=\"left:65px;bottom:1100px;letter-spacing:-0.07px;word-spacing:-0.06px;display:inline;\">System Fund and other co-brand revenues </div><div class=\"t s2_166\" id=\"t3_166\" style=\"left:65px;bottom:1084px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">The Group operates the Fund to collect and administer cash </div><div class=\"t s2_166\" id=\"t4_166\" style=\"left:65px;bottom:1069px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">assessments from hotel owners for speci</div><div class=\"t s3_166\" id=\"t5_166\" style=\"left:293px;bottom:1069px;word-spacing:-0.14px;display:inline;\">fied purposes o</div><div class=\"t s2_166\" id=\"t6_166\" style=\"left:380px;bottom:1069px;letter-spacing:-0.05px;word-spacing:-0.11px;display:inline;\">f use </div><div class=\"t s2_166\" id=\"t7_166\" style=\"left:65px;bottom:1054px;letter-spacing:-0.2px;word-spacing:-0.07px;display:inline;\">including marketing, reservations and the Group\u2019s loyalty programme, </div><div class=\"t s3_166\" id=\"t8_166\" style=\"left:65px;bottom:1039px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">IHG One Rewards. The Fund also benefits </div><div class=\"t s2_166\" id=\"t9_166\" style=\"left:299px;bottom:1039px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">from proceeds from the </div><div class=\"t s2_166\" id=\"ta_166\" style=\"left:65px;bottom:1023px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">sale of loyalty points under third-party co-branding arrangements. </div><div class=\"t s3_166\" id=\"tb_166\" style=\"left:65px;bottom:1008px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The Fund is not managed to generate a surplus or deficit </div><div class=\"t s2_166\" id=\"tc_166\" style=\"left:382px;bottom:1008px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">for IHG </div><div class=\"t s2_166\" id=\"td_166\" style=\"left:65px;bottom:993px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">over the longer term, but is managed for the bene</div><div class=\"t s3_166\" id=\"te_166\" style=\"left:343px;bottom:993px;letter-spacing:-0.05px;word-spacing:-0.12px;display:inline;\">fit o</div><div class=\"t s2_166\" id=\"tf_166\" style=\"left:364px;bottom:993px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">f the IHG </div><div class=\"t s2_166\" id=\"tg_166\" style=\"left:65px;bottom:977px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">System with the objective of driving revenues for the hotels in </div><div class=\"t s2_166\" id=\"th_166\" style=\"left:65px;bottom:962px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">the System. </div><div class=\"t s2_166\" id=\"ti_166\" style=\"left:65px;bottom:939px;letter-spacing:-0.17px;word-spacing:-0.09px;display:inline;\">The growth in the IHG One Rewards programme means that, although </div><div class=\"t s2_166\" id=\"tj_166\" style=\"left:65px;bottom:924px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">assessments are received from hotels up front when a member </div><div class=\"t s2_166\" id=\"tk_166\" style=\"left:65px;bottom:909px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">earns points, more revenue is deferred each year than is recognised </div><div class=\"t s2_166\" id=\"tl_166\" style=\"left:65px;bottom:893px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">in the Fund. This can lead to accounting losses in the Fund each year </div><div class=\"t s2_166\" id=\"tm_166\" style=\"left:65px;bottom:878px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">as the deferred revenue balance grows. </div><div class=\"t s2_166\" id=\"tn_166\" style=\"left:65px;bottom:855px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">Under both franchise and management agreements, the Group is </div><div class=\"t s2_166\" id=\"to_166\" style=\"left:65px;bottom:840px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">required to provide marketing and reservations services, as well as </div><div class=\"t s2_166\" id=\"tp_166\" style=\"left:65px;bottom:825px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">other centrally managed programmes. These services are provided </div><div class=\"t s2_166\" id=\"tq_166\" style=\"left:65px;bottom:809px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">by the Fund and are funded by assessment fees. Costs are incurred </div><div class=\"t s2_166\" id=\"tr_166\" style=\"left:65px;bottom:794px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">and allocated to the Fund in accordance with the principles agreed </div><div class=\"t s2_166\" id=\"ts_166\" style=\"left:65px;bottom:779px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">with the IHG Owners Association. The Group acts as principal in the </div><div class=\"t s2_166\" id=\"tt_166\" style=\"left:65px;bottom:764px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">provision of the services as the related expenses primarily comprise </div><div class=\"t s2_166\" id=\"tu_166\" style=\"left:65px;bottom:748px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">payroll and marketing expenses under contracts entered into by the </div><div class=\"t s2_166\" id=\"tv_166\" style=\"left:65px;bottom:733px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Group. The assessment fees from hotel owners are generally levied </div><div class=\"t s2_166\" id=\"tw_166\" style=\"left:65px;bottom:718px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">as a percentage of hotel revenues and are recognised as those hotel </div><div class=\"t s2_166\" id=\"tx_166\" style=\"left:65px;bottom:702px;letter-spacing:-0.1px;word-spacing:-0.04px;display:inline;\">revenues occur. </div><div class=\"t s2_166\" id=\"ty_166\" style=\"left:65px;bottom:680px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Certain travel agency commission revenues within the Fund are </div><div class=\"t s2_166\" id=\"tz_166\" style=\"left:65px;bottom:664px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">recognised on a net basis, where it has been determined that IHG </div><div class=\"t s2_166\" id=\"t10_166\" style=\"left:65px;bottom:649px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">is acting as agent. </div><div class=\"t s2_166\" id=\"t11_166\" style=\"left:65px;bottom:626px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">In respect of IHG One Rewards, the performance obligations are </div><div class=\"t s2_166\" id=\"t12_166\" style=\"left:65px;bottom:611px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">to arrange for the provision of future bene</div><div class=\"t s3_166\" id=\"t13_166\" style=\"left:298px;bottom:611px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">fits to members on </div><div class=\"t s2_166\" id=\"t14_166\" style=\"left:65px;bottom:596px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">consumption of previously earned reward points and Milestone </div><div class=\"t s2_166\" id=\"t15_166\" style=\"left:65px;bottom:580px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">Rewards. Points are exchanged for reward nights at an IHG hotel or </div><div class=\"t s2_166\" id=\"t16_166\" style=\"left:65px;bottom:565px;letter-spacing:-0.05px;word-spacing:-0.12px;display:inline;\">other goods or services provided by third parties. Milestone Rewards </div><div class=\"t s3_166\" id=\"t17_166\" style=\"left:65px;bottom:550px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">comprise points or other benefits such as upgrades and </div><div class=\"t s2_166\" id=\"t18_166\" style=\"left:380px;bottom:550px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">food and </div><div class=\"t s2_166\" id=\"t19_166\" style=\"left:65px;bottom:534px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">beverage vouchers. </div><div class=\"t s2_166\" id=\"t1a_166\" style=\"left:65px;bottom:511px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">Under its franchise and management agreements, IHG receives </div><div class=\"t s2_166\" id=\"t1b_166\" style=\"left:65px;bottom:496px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">assessment fees based on total qualifying hotel revenue from IHG </div><div class=\"t s2_166\" id=\"t1c_166\" style=\"left:65px;bottom:481px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">One Rewards members\u2019 hotel stays. </div><div class=\"t s2_166\" id=\"t1d_166\" style=\"left:65px;bottom:458px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The Group\u2019s performance obligation is not satis</div><div class=\"t s3_166\" id=\"t1e_166\" style=\"left:329px;bottom:458px;letter-spacing:-0.03px;word-spacing:-0.13px;display:inline;\">fied in </div><div class=\"t s2_166\" id=\"t1f_166\" style=\"left:366px;bottom:458px;letter-spacing:-0.12px;word-spacing:-0.04px;display:inline;\">full until the </div><div class=\"t s3_166\" id=\"t1g_166\" style=\"left:65px;bottom:443px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">member has consumed the relevant benefits. Accordingly, loyalty </div><div class=\"t s2_166\" id=\"t1h_166\" style=\"left:65px;bottom:427px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">assessments are allocated between points and Milestone Rewards </div><div class=\"t s2_166\" id=\"t1i_166\" style=\"left:65px;bottom:412px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">and deferred in an amount that re</div><div class=\"t s3_166\" id=\"t1j_166\" style=\"left:252px;bottom:412px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">flects the stand-alone selling price </div><div class=\"t s2_166\" id=\"t1k_166\" style=\"left:65px;bottom:397px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">of the future bene</div><div class=\"t s3_166\" id=\"t1l_166\" style=\"left:165px;bottom:397px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">fit to the member. Revenue is impacted by a </div><div class=\"t s2_166\" id=\"t1m_166\" style=\"left:65px;bottom:382px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">\u2018breakage\u2019 estimate of the bene</div><div class=\"t s3_166\" id=\"t1n_166\" style=\"left:241px;bottom:382px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">fits that will never be consumed. </div><div class=\"t s2_166\" id=\"t1o_166\" style=\"left:65px;bottom:366px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">On an annual basis, the Group engages an external actuary who </div><div class=\"t s2_166\" id=\"t1p_166\" style=\"left:65px;bottom:351px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">uses statistical formulae to assist in formulating this estimate, which </div><div class=\"t s3_166\" id=\"t1q_166\" style=\"left:65px;bottom:336px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">is adjusted to reflect actual experience up to the reporting date. </div><div class=\"t s2_166\" id=\"t1r_166\" style=\"left:65px;bottom:313px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">As materially all of the awards will be either consumed at IHG </div><div class=\"t s2_166\" id=\"t1s_166\" style=\"left:65px;bottom:298px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">managed or franchised hotels owned by third parties, or exchanged </div><div class=\"t s2_166\" id=\"t1t_166\" style=\"left:65px;bottom:282px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">for awards provided by third parties, IHG is deemed to be acting as </div><div class=\"t s2_166\" id=\"t1u_166\" style=\"left:65px;bottom:267px;letter-spacing:-0.05px;word-spacing:-0.08px;display:inline;\">agent on consumption and therefore recognises the related revenue </div><div class=\"t s2_166\" id=\"t1v_166\" style=\"left:65px;bottom:252px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">net of the cost of reimbursing the hotel or third party that is </div><div class=\"t s3_166\" id=\"t1w_166\" style=\"left:65px;bottom:236px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">providing the benefit. </div><div class=\"t s2_166\" id=\"t1x_166\" style=\"left:65px;bottom:214px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Performance obligations under the Group\u2019s co-brand credit card </div><div class=\"t s2_166\" id=\"t1y_166\" style=\"left:65px;bottom:198px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">agreements comprise: </div><div class=\"t s2_166\" id=\"t1z_166\" style=\"left:65px;bottom:175px;letter-spacing:-0.47px;display:inline;\">a) </div><div class=\"t s2_166\" id=\"t20_166\" style=\"left:82px;bottom:175px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">Arranging for the provision of future bene</div><div class=\"t s3_166\" id=\"t21_166\" style=\"left:314px;bottom:175px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">fits to members who </div><div class=\"t s2_166\" id=\"t22_166\" style=\"left:82px;bottom:160px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">have earned points or free night certi</div><div class=\"t s3_166\" id=\"t23_166\" style=\"left:289px;bottom:160px;letter-spacing:-0.03px;display:inline;\">ficates; </div><div class=\"t s2_166\" id=\"t24_166\" style=\"left:65px;bottom:141px;letter-spacing:-0.06px;word-spacing:1.09px;display:inline;\">b) Marketing services; and </div><div class=\"t s2_166\" id=\"t25_166\" style=\"left:65px;bottom:122px;letter-spacing:-0.06px;word-spacing:0.34px;display:inline;\">c) Providing the co-brand partner with the right to access the </div><div class=\"t s2_166\" id=\"t26_166\" style=\"left:82px;bottom:107px;letter-spacing:-0.05px;word-spacing:-0.08px;display:inline;\">loyalty programme. </div><div class=\"t s2_166\" id=\"t27_166\" style=\"left:461px;bottom:1115px;letter-spacing:-0.09px;word-spacing:-0.05px;display:inline;\">Revenue from a) and b) are reported within System Fund and </div><div class=\"t s2_166\" id=\"t28_166\" style=\"left:461px;bottom:1100px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">reimbursable revenues and revenue from c) is reported within fee </div><div class=\"t s2_166\" id=\"t29_166\" style=\"left:461px;bottom:1084px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">business revenue. </div><div class=\"t s2_166\" id=\"t2a_166\" style=\"left:461px;bottom:1061px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Fees from these agreements comprise </div><div class=\"t s3_166\" id=\"t2b_166\" style=\"left:679px;bottom:1061px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">fixed amounts normally </div><div class=\"t s2_166\" id=\"t2c_166\" style=\"left:461px;bottom:1046px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">payable at the beginning of the contract, and variable amounts </div><div class=\"t s2_166\" id=\"t2d_166\" style=\"left:461px;bottom:1031px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">paid on a monthly basis. Variable amounts are typically based on </div><div class=\"t s2_166\" id=\"t2e_166\" style=\"left:461px;bottom:1016px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">the number of points and free night certi</div><div class=\"t s3_166\" id=\"t2f_166\" style=\"left:688px;bottom:1016px;letter-spacing:-0.02px;word-spacing:-0.13px;display:inline;\">ficates issued to members </div><div class=\"t s2_166\" id=\"t2g_166\" style=\"left:461px;bottom:1000px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">and the marketing services performed by the Group. Total fees are </div><div class=\"t s2_166\" id=\"t2h_166\" style=\"left:461px;bottom:985px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">allocated to the performance obligations based on their estimated </div><div class=\"t s2_166\" id=\"t2i_166\" style=\"left:461px;bottom:970px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">stand-alone selling prices. Revenue allocated to marketing and </div><div class=\"t s2_166\" id=\"t2j_166\" style=\"left:461px;bottom:955px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">licensing obligations is recognised on a monthly basis as the </div><div class=\"t s3_166\" id=\"t2k_166\" style=\"left:461px;bottom:939px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">obligations are satisfied. Revenue relating to points and </div><div class=\"t s2_166\" id=\"t2l_166\" style=\"left:772px;bottom:939px;letter-spacing:-0.1px;word-spacing:-0.06px;display:inline;\">free night </div><div class=\"t s3_166\" id=\"t2m_166\" style=\"left:461px;bottom:924px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">certificates is recognised when the member has consumed the </div><div class=\"t s3_166\" id=\"t2n_166\" style=\"left:461px;bottom:909px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">points or certificates at a participating hotel or has selected a reward </div><div class=\"t s2_166\" id=\"t2o_166\" style=\"left:461px;bottom:893px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">from a third party, net of the cost of reimbursing the hotel or third </div><div class=\"t s3_166\" id=\"t2p_166\" style=\"left:461px;bottom:878px;letter-spacing:-0.05px;word-spacing:-0.11px;display:inline;\">party that is providing the benefit. </div><div class=\"t s2_166\" id=\"t2q_166\" style=\"left:461px;bottom:855px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Judgement is required in estimating the stand-alone selling prices </div><div class=\"t s2_166\" id=\"t2r_166\" style=\"left:461px;bottom:840px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">which are based upon generally accepted valuation methodologies </div><div class=\"t s2_166\" id=\"t2s_166\" style=\"left:461px;bottom:825px;letter-spacing:-0.12px;word-spacing:-0.08px;display:inline;\">regarding the value of the licence provided and the number of points </div><div class=\"t s3_166\" id=\"t2t_166\" style=\"left:461px;bottom:809px;letter-spacing:-0.12px;word-spacing:-0.11px;display:inline;\">and certificates expected to be issued. However, the value o</div><div class=\"t s2_166\" id=\"t2u_166\" style=\"left:793px;bottom:809px;letter-spacing:-0.17px;word-spacing:-0.07px;display:inline;\">f revenue </div><div class=\"t s2_166\" id=\"t2v_166\" style=\"left:461px;bottom:794px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">recognised and the deferred revenue balance at the end of the year </div><div class=\"t s2_166\" id=\"t2w_166\" style=\"left:461px;bottom:779px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">is not materially sensitive to changes in these assumptions. </div><div class=\"t s1_166\" id=\"t2x_166\" style=\"left:461px;bottom:756px;letter-spacing:-0.05px;word-spacing:-0.08px;display:inline;\">Reimbursable revenues </div><div class=\"t s2_166\" id=\"t2y_166\" style=\"left:461px;bottom:741px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">In a managed property, the Group typically acts as employer of the </div><div class=\"t s2_166\" id=\"t2z_166\" style=\"left:461px;bottom:725px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">general manager and, in some cases, other employees at the hotel </div><div class=\"t s2_166\" id=\"t30_166\" style=\"left:461px;bottom:710px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">and is entitled to reimbursement of these costs. The performance </div><div class=\"t s3_166\" id=\"t31_166\" style=\"left:461px;bottom:695px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">obligation is satisfied over time as the employees per</div><div class=\"t s2_166\" id=\"t32_166\" style=\"left:756px;bottom:695px;letter-spacing:-0.09px;word-spacing:-0.07px;display:inline;\">form their </div><div class=\"t s2_166\" id=\"t33_166\" style=\"left:461px;bottom:680px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">duties, consistent with when reimbursement is received. </div><div class=\"t s2_166\" id=\"t34_166\" style=\"left:461px;bottom:664px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Reimbursements for these services are shown as revenue with an </div><div class=\"t s3_166\" id=\"t35_166\" style=\"left:461px;bottom:649px;letter-spacing:-0.17px;word-spacing:-0.1px;display:inline;\">equal matching employee cost, with no profit impact. Certain other </div><div class=\"t s2_166\" id=\"t36_166\" style=\"left:461px;bottom:634px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">costs relating to both managed and franchised hotels are also </div><div class=\"t s2_166\" id=\"t37_166\" style=\"left:461px;bottom:618px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">contractually reimbursable to IHG and, where IHG is deemed to </div><div class=\"t s2_166\" id=\"t38_166\" style=\"left:461px;bottom:603px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">be acting as principal in the provision of the related services, the </div><div class=\"t s2_166\" id=\"t39_166\" style=\"left:461px;bottom:588px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">revenue and cost are shown on a gross basis. </div><div class=\"t s4_166\" id=\"t3a_166\" style=\"left:461px;bottom:565px;letter-spacing:0.01px;word-spacing:-0.14px;display:inline;\">Segmental information </div><div class=\"t s2_166\" id=\"t3b_166\" style=\"left:461px;bottom:550px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">The Group has four reportable segments re</div><div class=\"t s3_166\" id=\"t3c_166\" style=\"left:703px;bottom:550px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">flecting its geographical </div><div class=\"t s2_166\" id=\"t3d_166\" style=\"left:461px;bottom:534px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">regions (Americas, EMEAA, Greater China) and its Central functions. </div><div class=\"t s2_166\" id=\"t3e_166\" style=\"left:461px;bottom:511px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Central functions include technology, sales and marketing, </div><div class=\"t s3_166\" id=\"t3f_166\" style=\"left:461px;bottom:496px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">finance, human resources, corporate services and insurance results. </div><div class=\"t s2_166\" id=\"t3g_166\" style=\"left:461px;bottom:481px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Central revenue arises principally from technology fee income. </div><div class=\"t s2_166\" id=\"t3h_166\" style=\"left:461px;bottom:458px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">No operating segments are aggregated to form these </div><div class=\"t s2_166\" id=\"t3i_166\" style=\"left:461px;bottom:443px;letter-spacing:0.01px;word-spacing:-0.15px;display:inline;\">reportable segments. </div><div class=\"t s2_166\" id=\"t3j_166\" style=\"left:461px;bottom:420px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Management monitors the operating results of these reportable </div><div class=\"t s2_166\" id=\"t3k_166\" style=\"left:461px;bottom:405px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">segments for the purpose of making decisions about resource </div><div class=\"t s2_166\" id=\"t3l_166\" style=\"left:461px;bottom:389px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">allocation and performance assessment. Each of the geographical </div><div class=\"t s2_166\" id=\"t3m_166\" style=\"left:461px;bottom:374px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">regions is led by its own Chief Executive O\ufb00icer or Managing </div><div class=\"t s2_166\" id=\"t3n_166\" style=\"left:461px;bottom:359px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Director who reports to the Group Chief Executive O\ufb00icer. </div><div class=\"t s3_166\" id=\"t3o_166\" style=\"left:461px;bottom:336px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The System Fund is not managed to generate a profit or loss </div><div class=\"t s2_166\" id=\"t3p_166\" style=\"left:799px;bottom:336px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">for IHG </div><div class=\"t s2_166\" id=\"t3q_166\" style=\"left:461px;bottom:321px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">over the longer term and cost reimbursements do not impact in-year </div><div class=\"t s3_166\" id=\"t3r_166\" style=\"left:461px;bottom:305px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">profit or loss. System Fund and reimbursable revenues and results </div><div class=\"t s2_166\" id=\"t3s_166\" style=\"left:461px;bottom:290px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">are therefore not regularly reviewed by the Chief Operating Decision </div><div class=\"t s2_166\" id=\"t3t_166\" style=\"left:461px;bottom:275px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Maker (\u2018CODM\u2019) and do not constitute an operating segment under </div><div class=\"t s2_166\" id=\"t3u_166\" style=\"left:461px;bottom:259px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">IFRS 8 \u2018Operating Segments\u2019. </div><div class=\"t s2_166\" id=\"t3v_166\" style=\"left:461px;bottom:236px;letter-spacing:-0.22px;word-spacing:-0.1px;display:inline;\">Segmental performance is evaluated based on operating pro</div><div class=\"t s3_166\" id=\"t3w_166\" style=\"left:791px;bottom:236px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">fit or loss </div><div class=\"t s3_166\" id=\"t3x_166\" style=\"left:461px;bottom:221px;letter-spacing:-0.24px;word-spacing:-0.09px;display:inline;\">and is measured consistently with operating profit or loss in the Group </div><div class=\"t s2_166\" id=\"t3y_166\" style=\"left:461px;bottom:206px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Financial Statements, excluding System Fund, reimbursables and </div><div class=\"t s3_166\" id=\"t3z_166\" style=\"left:461px;bottom:191px;letter-spacing:-0.18px;word-spacing:-0.09px;display:inline;\">exceptional items. Group financing activities, </div><div class=\"t s2_166\" id=\"t40_166\" style=\"left:710px;bottom:191px;letter-spacing:-0.18px;word-spacing:-0.1px;display:inline;\">fair value gains or losses </div><div class=\"t s2_166\" id=\"t41_166\" style=\"left:461px;bottom:175px;letter-spacing:-0.22px;word-spacing:-0.1px;display:inline;\">on contingent purchase consideration and income taxes are managed </div><div class=\"t s2_166\" id=\"t42_166\" style=\"left:461px;bottom:160px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">on a Group basis and are not allocated to reportable segments. </div><div class=\"t s4_166\" id=\"t43_166\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t s0_166\" id=\"t44_166\" style=\"left:65px;bottom:31px;letter-spacing:0.1px;display:inline;\"></div><div></div><div class=\"t s0_167\" id=\"t1_167\" style=\"left:65px;bottom:1115px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">Government grants </div><div class=\"t s1_167\" id=\"t2_167\" style=\"left:65px;bottom:1100px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The Group receives government support income relating to the </div><div class=\"t s1_167\" id=\"t3_167\" style=\"left:65px;bottom:1084px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Group\u2019s corporate o\ufb00ice presence in certain countries and, as a </div><div class=\"t s1_167\" id=\"t4_167\" style=\"left:65px;bottom:1069px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">result of Covid-19, has received support at certain of the Group\u2019s </div><div class=\"t s1_167\" id=\"t5_167\" style=\"left:65px;bottom:1054px;letter-spacing:-0.02px;word-spacing:-0.13px;display:inline;\">leased hotels. </div><div class=\"t s1_167\" id=\"t6_167\" style=\"left:65px;bottom:1031px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Where grants are intended to compensate payroll costs they are </div><div class=\"t s2_167\" id=\"t7_167\" style=\"left:65px;bottom:1016px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">recognised as an o\ufb00set within sta\ufb00 costs; those which are unrelated </div><div class=\"t s2_167\" id=\"t8_167\" style=\"left:65px;bottom:1000px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">to specific costs are presented within other operating income. </div><div class=\"t s1_167\" id=\"t9_167\" style=\"left:65px;bottom:985px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">As grants are recognised only where there is reasonable assurance </div><div class=\"t s1_167\" id=\"ta_167\" style=\"left:65px;bottom:970px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">that the grant will be received and all attached conditions will be </div><div class=\"t s1_167\" id=\"tb_167\" style=\"left:65px;bottom:955px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">complied with, the grants may be recognised in subsequent years. </div><div class=\"t s1_167\" id=\"tc_167\" style=\"left:65px;bottom:932px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Receiving support at leased hotels may result in additional variable </div><div class=\"t s2_167\" id=\"td_167\" style=\"left:65px;bottom:916px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">rent; these amounts are not o\ufb00set in the Group income statement. </div><div class=\"t s0_167\" id=\"te_167\" style=\"left:65px;bottom:893px;letter-spacing:0.02px;word-spacing:-0.15px;display:inline;\">Financial income and expenses </div><div class=\"t s1_167\" id=\"tf_167\" style=\"left:65px;bottom:878px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Financial income and expenses include income and charges </div><div class=\"t s2_167\" id=\"tg_167\" style=\"left:65px;bottom:863px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">on the Group\u2019s financial assets and liabilities and related hedging </div><div class=\"t s1_167\" id=\"th_167\" style=\"left:65px;bottom:848px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">instruments, and foreign exchange gains and losses primarily related </div><div class=\"t s1_167\" id=\"ti_167\" style=\"left:65px;bottom:832px;letter-spacing:-0.1px;word-spacing:-0.05px;display:inline;\">to the Group\u2019s internal funding structure. </div><div class=\"t s1_167\" id=\"tj_167\" style=\"left:65px;bottom:809px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Finance charges relating to bank and other borrowings, including </div><div class=\"t s1_167\" id=\"tk_167\" style=\"left:65px;bottom:794px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">transaction costs and any discount or premium on issue, are </div><div class=\"t s2_167\" id=\"tl_167\" style=\"left:65px;bottom:779px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">recognised in the Group income statement using the e\ufb00ective </div><div class=\"t s1_167\" id=\"tm_167\" style=\"left:65px;bottom:764px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">interest rate method. </div><div class=\"t s1_167\" id=\"tn_167\" style=\"left:65px;bottom:741px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Borrowing costs attributable to the acquisition or development of </div><div class=\"t s1_167\" id=\"to_167\" style=\"left:65px;bottom:725px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">assets that necessarily take a substantial period of time to prepare </div><div class=\"t s1_167\" id=\"tp_167\" style=\"left:65px;bottom:710px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">for their intended use are capitalised as part of the asset cost. </div><div class=\"t s1_167\" id=\"tq_167\" style=\"left:65px;bottom:687px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">In the Group statement of cash </div><div class=\"t s2_167\" id=\"tr_167\" style=\"left:241px;bottom:687px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">flows, interest paid and received is </div><div class=\"t s1_167\" id=\"ts_167\" style=\"left:65px;bottom:672px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">presented within cash from operating activities, including any fees </div><div class=\"t s1_167\" id=\"tt_167\" style=\"left:65px;bottom:657px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">and discounts on issuance or settlement of borrowings. Capitalised </div><div class=\"t s1_167\" id=\"tu_167\" style=\"left:65px;bottom:641px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">interest paid is presented within investing activities. </div><div class=\"t s0_167\" id=\"tv_167\" style=\"left:65px;bottom:618px;word-spacing:-0.14px;display:inline;\">Exceptional items </div><div class=\"t s2_167\" id=\"tw_167\" style=\"left:65px;bottom:603px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">The Group discloses certain financial in</div><div class=\"t s1_167\" id=\"tx_167\" style=\"left:284px;bottom:603px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">formation both including </div><div class=\"t s1_167\" id=\"ty_167\" style=\"left:65px;bottom:588px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">and excluding exceptional items. The presentation of information </div><div class=\"t s1_167\" id=\"tz_167\" style=\"left:65px;bottom:573px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">excluding exceptional items allows a better understanding of the </div><div class=\"t s1_167\" id=\"t10_167\" style=\"left:65px;bottom:557px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">underlying trading performance and trends of the Group and its </div><div class=\"t s1_167\" id=\"t11_167\" style=\"left:65px;bottom:542px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">reportable segments. It also provides consistency with the Group\u2019s </div><div class=\"t s1_167\" id=\"t12_167\" style=\"left:65px;bottom:527px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">internal management reporting. </div><div class=\"t s1_167\" id=\"t13_167\" style=\"left:65px;bottom:504px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">In determining whether an event or transaction is exceptional, </div><div class=\"t s1_167\" id=\"t14_167\" style=\"left:65px;bottom:489px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">quantitative and qualitative factors are considered. Exceptional </div><div class=\"t s2_167\" id=\"t15_167\" style=\"left:65px;bottom:473px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">items are identified by virtue o</div><div class=\"t s1_167\" id=\"t16_167\" style=\"left:234px;bottom:473px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">f their size, nature or incidence, with </div><div class=\"t s1_167\" id=\"t17_167\" style=\"left:65px;bottom:458px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">consideration given to consistency of treatment with prior years and </div><div class=\"t s1_167\" id=\"t18_167\" style=\"left:65px;bottom:443px;word-spacing:-0.14px;display:inline;\">between gains and losses. </div><div class=\"t s3_167\" id=\"t19_167\" style=\"left:65px;bottom:420px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">The tax e\ufb00ect of exceptional items is also presented as exceptional. </div><div class=\"t s1_167\" id=\"t1a_167\" style=\"left:65px;bottom:397px;letter-spacing:-0.13px;word-spacing:-0.1px;display:inline;\">Examples of exceptional items include, but are not restricted to, gains </div><div class=\"t s1_167\" id=\"t1b_167\" style=\"left:65px;bottom:382px;letter-spacing:-0.29px;word-spacing:-0.1px;display:inline;\">and losses on the disposal of assets, impairment charges and reversals, </div><div class=\"t s1_167\" id=\"t1c_167\" style=\"left:65px;bottom:366px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">the costs of individually signi</div><div class=\"t s2_167\" id=\"t1d_167\" style=\"left:226px;bottom:366px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">ficant legal cases or commercial </div><div class=\"t s1_167\" id=\"t1e_167\" style=\"left:65px;bottom:351px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">disputes and reorganisation costs. All exceptional items are subject </div><div class=\"t s1_167\" id=\"t1f_167\" style=\"left:65px;bottom:336px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">to review by the Audit Committee. </div><div class=\"t s0_167\" id=\"t1g_167\" style=\"left:461px;bottom:1115px;letter-spacing:0.01px;word-spacing:-0.15px;display:inline;\">Earnings per share </div><div class=\"t s1_167\" id=\"t1h_167\" style=\"left:461px;bottom:1100px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Basic earnings or loss per ordinary share is calculated by dividing </div><div class=\"t s2_167\" id=\"t1i_167\" style=\"left:461px;bottom:1084px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">the profit or loss </div><div class=\"t s1_167\" id=\"t1j_167\" style=\"left:555px;bottom:1084px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">for the year available for IHG equity holders by the </div><div class=\"t s1_167\" id=\"t1k_167\" style=\"left:461px;bottom:1069px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">weighted average number of ordinary shares, excluding investment </div><div class=\"t s1_167\" id=\"t1l_167\" style=\"left:461px;bottom:1054px;letter-spacing:-0.09px;word-spacing:-0.05px;display:inline;\">in own shares, in issue during the year. </div><div class=\"t s1_167\" id=\"t1m_167\" style=\"left:461px;bottom:1031px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Diluted earnings or loss per ordinary share is calculated by adjusting </div><div class=\"t s2_167\" id=\"t1n_167\" style=\"left:461px;bottom:1016px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">basic earnings or loss per ordinary share to reflect the notional </div><div class=\"t s1_167\" id=\"t1o_167\" style=\"left:461px;bottom:1000px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">exercise of the weighted average number of dilutive ordinary share </div><div class=\"t s3_167\" id=\"t1p_167\" style=\"left:461px;bottom:985px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">awards outstanding during the year. Where the e\ufb00ect of the notional </div><div class=\"t s1_167\" id=\"t1q_167\" style=\"left:461px;bottom:970px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">exercise of outstanding ordinary share awards is anti-dilutive, these </div><div class=\"t s1_167\" id=\"t1r_167\" style=\"left:461px;bottom:955px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">are excluded from the diluted earnings per share calculation. </div><div class=\"t s0_167\" id=\"t1s_167\" style=\"left:461px;bottom:932px;letter-spacing:0.03px;word-spacing:-0.16px;display:inline;\">Business combinations and goodwill </div><div class=\"t s1_167\" id=\"t1t_167\" style=\"left:461px;bottom:916px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">On the acquisition of a business, identi</div><div class=\"t s2_167\" id=\"t1u_167\" style=\"left:677px;bottom:916px;letter-spacing:-0.02px;word-spacing:-0.13px;display:inline;\">fiable assets acquired </div><div class=\"t s1_167\" id=\"t1v_167\" style=\"left:461px;bottom:901px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">and liabilities assumed are measured at their fair value. Contingent </div><div class=\"t s1_167\" id=\"t1w_167\" style=\"left:461px;bottom:886px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">liabilities assumed are measured at fair value unless this cannot </div><div class=\"t s1_167\" id=\"t1x_167\" style=\"left:461px;bottom:871px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">be measured reliably, in which case they are not recognised but </div><div class=\"t s1_167\" id=\"t1y_167\" style=\"left:461px;bottom:855px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">are disclosed in the same manner as other contingent liabilities. </div><div class=\"t s1_167\" id=\"t1z_167\" style=\"left:461px;bottom:832px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">The measurement of deferred tax assets and liabilities arising on </div><div class=\"t s1_167\" id=\"t20_167\" style=\"left:461px;bottom:817px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">acquisition is as described in the general principles detailed within </div><div class=\"t s1_167\" id=\"t21_167\" style=\"left:461px;bottom:802px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">the \u2018Taxes\u2019 accounting policy note on page 170 with the exception </div><div class=\"t s3_167\" id=\"t22_167\" style=\"left:461px;bottom:786px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">that no deferred tax is provided on taxable temporary di\ufb00erences </div><div class=\"t s1_167\" id=\"t23_167\" style=\"left:461px;bottom:771px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">in connection with the initial recognition of goodwill. </div><div class=\"t s1_167\" id=\"t24_167\" style=\"left:461px;bottom:748px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">The cost of an acquisition is measured as the aggregate of the </div><div class=\"t s1_167\" id=\"t25_167\" style=\"left:461px;bottom:733px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">fair value of the consideration transferred. Contingent purchase </div><div class=\"t s1_167\" id=\"t26_167\" style=\"left:461px;bottom:718px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">consideration is measured at fair value on the date of acquisition and </div><div class=\"t s1_167\" id=\"t27_167\" style=\"left:461px;bottom:702px;letter-spacing:-0.18px;word-spacing:-0.09px;display:inline;\">is re-measured at fair value at each reporting date with changes in fair </div><div class=\"t s1_167\" id=\"t28_167\" style=\"left:461px;bottom:687px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">value recognised on the face of the Group income statement below </div><div class=\"t s2_167\" id=\"t29_167\" style=\"left:461px;bottom:672px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">operating profit. De</div><div class=\"t s1_167\" id=\"t2a_167\" style=\"left:570px;bottom:672px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">ferred purchase consideration is subsequently </div><div class=\"t s3_167\" id=\"t2b_167\" style=\"left:461px;bottom:657px;letter-spacing:-0.1px;word-spacing:-0.1px;display:inline;\">measured at amortised cost and the e\ufb00ect of unwinding the discount </div><div class=\"t s2_167\" id=\"t2c_167\" style=\"left:461px;bottom:641px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">is recorded in financial expenses. </div><div class=\"t s1_167\" id=\"t2d_167\" style=\"left:461px;bottom:618px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Payments of contingent and deferred purchase consideration </div><div class=\"t s1_167\" id=\"t2e_167\" style=\"left:461px;bottom:603px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">reduce the respective liabilities. In respect of contingent purchase </div><div class=\"t s1_167\" id=\"t2f_167\" style=\"left:461px;bottom:588px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">consideration, the portion of each payment relating to its original </div><div class=\"t s1_167\" id=\"t2g_167\" style=\"left:461px;bottom:573px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">estimate of fair value on acquisition is reported within cash </div><div class=\"t s2_167\" id=\"t2h_167\" style=\"left:791px;bottom:573px;letter-spacing:-0.06px;display:inline;\">flow </div><div class=\"t s1_167\" id=\"t2i_167\" style=\"left:461px;bottom:557px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">from investing activities in the Group statement of cash </div><div class=\"t s2_167\" id=\"t2j_167\" style=\"left:772px;bottom:557px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">flows and </div><div class=\"t s1_167\" id=\"t2k_167\" style=\"left:461px;bottom:542px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">the portion of each payment relating to the increase or decrease </div><div class=\"t s1_167\" id=\"t2l_167\" style=\"left:461px;bottom:527px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">in the liability since the acquisition date is reported within cash </div><div class=\"t s2_167\" id=\"t2m_167\" style=\"left:461px;bottom:511px;letter-spacing:-0.06px;display:inline;\">flow </div><div class=\"t s1_167\" id=\"t2n_167\" style=\"left:488px;bottom:511px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">from operating activities. In respect of deferred purchase </div><div class=\"t s1_167\" id=\"t2o_167\" style=\"left:461px;bottom:496px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">consideration, the cash paid in excess of the initial fair value is </div><div class=\"t s1_167\" id=\"t2p_167\" style=\"left:461px;bottom:481px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">reported within interest paid, and the remainder is reported within </div><div class=\"t s2_167\" id=\"t2q_167\" style=\"left:461px;bottom:466px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">cash flows </div><div class=\"t s1_167\" id=\"t2r_167\" style=\"left:523px;bottom:466px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">from investing activities. </div><div class=\"t s3_167\" id=\"t2s_167\" style=\"left:461px;bottom:443px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Goodwill is recorded at cost, being the di\ufb00erence between the fair </div><div class=\"t s1_167\" id=\"t2t_167\" style=\"left:461px;bottom:427px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">value of the consideration and the fair value of net assets acquired. </div><div class=\"t s1_167\" id=\"t2u_167\" style=\"left:461px;bottom:412px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Following initial recognition, goodwill is measured at cost less any </div><div class=\"t s1_167\" id=\"t2v_167\" style=\"left:461px;bottom:397px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">accumulated impairment losses and is not amortised. </div><div class=\"t s1_167\" id=\"t2w_167\" style=\"left:461px;bottom:374px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Transaction costs are expensed and are not included in the cost </div><div class=\"t s1_167\" id=\"t2x_167\" style=\"left:461px;bottom:359px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">of acquisition. </div><div class=\"t s4_167\" id=\"t2y_167\" style=\"left:65px;bottom:31px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\"> </div><div class=\"t m0_167 s5_167\" id=\"t2z_167\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t s4_167\" id=\"t30_167\" style=\"left:825px;bottom:31px;letter-spacing:0.1px;display:inline;\"> </div><div></div><div class=\"t s0_168\" id=\"t1_168\" style=\"left:65px;bottom:1115px;letter-spacing:0.02px;word-spacing:-0.16px;display:inline;\">Intangible assets </div><div class=\"t s1_168\" id=\"t2_168\" style=\"left:65px;bottom:1100px;letter-spacing:0.01px;display:inline;\">Brands </div><div class=\"t s2_168\" id=\"t3_168\" style=\"left:65px;bottom:1084px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Externally acquired brands are initially recorded at cost if separately </div><div class=\"t s2_168\" id=\"t4_168\" style=\"left:65px;bottom:1069px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">acquired or fair value if acquired as part of a business combination, </div><div class=\"t s2_168\" id=\"t5_168\" style=\"left:65px;bottom:1054px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">provided the brands are controlled through contractual or other </div><div class=\"t s2_168\" id=\"t6_168\" style=\"left:65px;bottom:1039px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">legal rights, or are separable from the rest of the business. </div><div class=\"t s2_168\" id=\"t7_168\" style=\"left:65px;bottom:1023px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Brands are tested for impairment at least annually if determined </div><div class=\"t s3_168\" id=\"t8_168\" style=\"left:65px;bottom:1008px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">to have indefinite lives. </div><div class=\"t s2_168\" id=\"t9_168\" style=\"left:65px;bottom:985px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The costs of developing internally generated brands are expensed </div><div class=\"t s2_168\" id=\"ta_168\" style=\"left:65px;bottom:970px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">as incurred. </div><div class=\"t s1_168\" id=\"tb_168\" style=\"left:65px;bottom:947px;letter-spacing:0.01px;word-spacing:-0.13px;display:inline;\">Management agreements </div><div class=\"t s2_168\" id=\"tc_168\" style=\"left:65px;bottom:932px;letter-spacing:-0.08px;word-spacing:-0.14px;display:inline;\">Management agreements acquired as part of a business combination </div><div class=\"t s2_168\" id=\"td_168\" style=\"left:65px;bottom:916px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">are initially recognised at the fair value attributed to those contracts </div><div class=\"t s2_168\" id=\"te_168\" style=\"left:65px;bottom:901px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">on acquisition and are subsequently amortised on a straight-line </div><div class=\"t s2_168\" id=\"tf_168\" style=\"left:65px;bottom:886px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">basis over the term of the agreements, including any extension </div><div class=\"t s2_168\" id=\"tg_168\" style=\"left:65px;bottom:871px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">periods at the Group\u2019s option. </div><div class=\"t s1_168\" id=\"th_168\" style=\"left:65px;bottom:848px;letter-spacing:0.01px;display:inline;\">Software </div><div class=\"t s2_168\" id=\"ti_168\" style=\"left:65px;bottom:832px;letter-spacing:-0.06px;word-spacing:-0.1px;display:inline;\">Substantially all software is internally generated; amounts capitalised </div><div class=\"t s2_168\" id=\"tj_168\" style=\"left:65px;bottom:817px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">include internal and third-party labour and consultancy costs. </div><div class=\"t s2_168\" id=\"tk_168\" style=\"left:65px;bottom:794px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Internally generated development costs are capitalised when all </div><div class=\"t s2_168\" id=\"tl_168\" style=\"left:65px;bottom:779px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">of the following can be demonstrated: </div><div class=\"t s1_168\" id=\"tm_168\" style=\"left:65px;bottom:756px;display:inline;\">\u2022 </div><div class=\"t s2_168\" id=\"tn_168\" style=\"left:74px;bottom:756px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The ability and intention to complete the project; </div><div class=\"t s1_168\" id=\"to_168\" style=\"left:65px;bottom:737px;display:inline;\">\u2022 </div><div class=\"t s2_168\" id=\"tp_168\" style=\"left:74px;bottom:737px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">That the completed software will generate probable future </div><div class=\"t s3_168\" id=\"tq_168\" style=\"left:74px;bottom:722px;letter-spacing:0.01px;word-spacing:-0.15px;display:inline;\">economic benefits; </div><div class=\"t s1_168\" id=\"tr_168\" style=\"left:65px;bottom:702px;display:inline;\">\u2022 </div><div class=\"t s2_168\" id=\"ts_168\" style=\"left:74px;bottom:702px;letter-spacing:-0.07px;word-spacing:-0.1px;display:inline;\">The availability of adequate technical, </div><div class=\"t s3_168\" id=\"tt_168\" style=\"left:286px;bottom:702px;letter-spacing:-0.04px;word-spacing:-0.12px;display:inline;\">financial and other resources </div><div class=\"t s2_168\" id=\"tu_168\" style=\"left:74px;bottom:687px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">to complete the project; and </div><div class=\"t s1_168\" id=\"tv_168\" style=\"left:65px;bottom:668px;display:inline;\">\u2022 </div><div class=\"t s2_168\" id=\"tw_168\" style=\"left:74px;bottom:668px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The ability to measure the expenditure. </div><div class=\"t s2_168\" id=\"tx_168\" style=\"left:65px;bottom:645px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Following initial recognition, the asset is carried at cost less any </div><div class=\"t s2_168\" id=\"ty_168\" style=\"left:65px;bottom:630px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">accumulated amortisation and impairment losses. Costs are </div><div class=\"t s2_168\" id=\"tz_168\" style=\"left:65px;bottom:615px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">generally amortised over estimated useful lives of three to </div><div class=\"t s3_168\" id=\"t10_168\" style=\"left:390px;bottom:615px;letter-spacing:-0.07px;word-spacing:-0.09px;display:inline;\">five years </div><div class=\"t s2_168\" id=\"t11_168\" style=\"left:65px;bottom:599px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">on a straight-line basis with the exception of the Guest Reservation </div><div class=\"t s2_168\" id=\"t12_168\" style=\"left:65px;bottom:584px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">System which is amortised over seven to 10 years (see page 188). </div><div class=\"t s2_168\" id=\"t13_168\" style=\"left:65px;bottom:561px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Costs incurred in the research phase are expensed. In addition, </div><div class=\"t s3_168\" id=\"t14_168\" style=\"left:65px;bottom:546px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">configuration and customisation costs relating to cloud computing </div><div class=\"t s2_168\" id=\"t15_168\" style=\"left:65px;bottom:531px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">arrangements are expensed. </div><div class=\"t s0_168\" id=\"t16_168\" style=\"left:65px;bottom:508px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">Property, plant and equipment </div><div class=\"t s2_168\" id=\"t17_168\" style=\"left:65px;bottom:492px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Property, plant and equipment are stated at cost less depreciation </div><div class=\"t s2_168\" id=\"t18_168\" style=\"left:65px;bottom:477px;letter-spacing:-0.05px;word-spacing:-0.08px;display:inline;\">and any accumulated impairment. </div><div class=\"t s2_168\" id=\"t19_168\" style=\"left:65px;bottom:454px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Repairs and maintenance costs are expensed as incurred. </div><div class=\"t s2_168\" id=\"t1a_168\" style=\"left:65px;bottom:431px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Land is not depreciated. All other property, plant and equipment </div><div class=\"t s2_168\" id=\"t1b_168\" style=\"left:65px;bottom:416px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">are depreciated to a residual value over their estimated useful </div><div class=\"t s2_168\" id=\"t1c_168\" style=\"left:65px;bottom:401px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">lives, namely: </div><div class=\"t s1_168\" id=\"t1d_168\" style=\"left:65px;bottom:378px;display:inline;\">\u2022 </div><div class=\"t s2_168\" id=\"t1e_168\" style=\"left:74px;bottom:378px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">Buildings \u2013 over a maximum of 50 years; and </div><div class=\"t s1_168\" id=\"t1f_168\" style=\"left:65px;bottom:359px;display:inline;\">\u2022 </div><div class=\"t s3_168\" id=\"t1g_168\" style=\"left:74px;bottom:359px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Fixtures, fittings and equipment \u2013 three to 25 years. </div><div class=\"t s2_168\" id=\"t1h_168\" style=\"left:65px;bottom:336px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">All depreciation is charged on a straight-line basis. Residual value </div><div class=\"t s2_168\" id=\"t1i_168\" style=\"left:65px;bottom:321px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">is reassessed annually. </div><div class=\"t s2_168\" id=\"t1j_168\" style=\"left:65px;bottom:298px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Where the Group holds land or other property which it intends </div><div class=\"t s2_168\" id=\"t1k_168\" style=\"left:65px;bottom:282px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">to occupy and provide hotel services, either as owner or manager, </div><div class=\"t s3_168\" id=\"t1l_168\" style=\"left:65px;bottom:267px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">it is classified as property, plant and equipment. </div><div class=\"t s0_168\" id=\"t1m_168\" style=\"left:461px;bottom:1115px;letter-spacing:0.1px;display:inline;\">Leases </div><div class=\"t s1_168\" id=\"t1n_168\" style=\"left:461px;bottom:1100px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">The Group as lessee </div><div class=\"t s2_168\" id=\"t1o_168\" style=\"left:461px;bottom:1084px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">On inception of a contract, the Group assesses whether it contains </div><div class=\"t s2_168\" id=\"t1p_168\" style=\"left:461px;bottom:1069px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">a lease. A contract contains a lease when it conveys the right to </div><div class=\"t s2_168\" id=\"t1q_168\" style=\"left:461px;bottom:1054px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">control the use of an identi</div><div class=\"t s3_168\" id=\"t1r_168\" style=\"left:610px;bottom:1054px;letter-spacing:0.01px;word-spacing:-0.16px;display:inline;\">fied asset </div><div class=\"t s2_168\" id=\"t1s_168\" style=\"left:667px;bottom:1054px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">for a period of time in exchange </div><div class=\"t s2_168\" id=\"t1t_168\" style=\"left:461px;bottom:1039px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">for consideration. The right to use the asset and the obligation under </div><div class=\"t s2_168\" id=\"t1u_168\" style=\"left:461px;bottom:1023px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">the lease to make payments are recognised in the Group statement </div><div class=\"t s2_168\" id=\"t1v_168\" style=\"left:461px;bottom:1008px;letter-spacing:-0.11px;display:inline;\">of </div><div class=\"t s3_168\" id=\"t1w_168\" style=\"left:475px;bottom:1008px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">financial position as a right-o</div><div class=\"t s2_168\" id=\"t1x_168\" style=\"left:635px;bottom:1008px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">f-use asset and a lease liability. </div><div class=\"t s2_168\" id=\"t1y_168\" style=\"left:461px;bottom:985px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">Lease contracts may contain both lease and non-lease components. </div><div class=\"t s2_168\" id=\"t1z_168\" style=\"left:461px;bottom:970px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">The Group allocates payments in the contract to the lease and </div><div class=\"t s2_168\" id=\"t20_168\" style=\"left:461px;bottom:955px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">non-lease components based on their relative stand-alone prices </div><div class=\"t s2_168\" id=\"t21_168\" style=\"left:461px;bottom:939px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">and applies the lease accounting model only to lease components. </div><div class=\"t s2_168\" id=\"t22_168\" style=\"left:461px;bottom:916px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">The right-of-use asset recognised at lease commencement includes </div><div class=\"t s2_168\" id=\"t23_168\" style=\"left:461px;bottom:901px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">the amount of lease liability recognised, initial direct costs incurred </div><div class=\"t s2_168\" id=\"t24_168\" style=\"left:461px;bottom:886px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">and lease payments made at or before the commencement date, </div><div class=\"t s2_168\" id=\"t25_168\" style=\"left:461px;bottom:871px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">less any lease incentives received. Right-of-use assets are </div><div class=\"t s2_168\" id=\"t26_168\" style=\"left:461px;bottom:855px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">depreciated to a residual value over the shorter of the asset\u2019s </div><div class=\"t s2_168\" id=\"t27_168\" style=\"left:461px;bottom:840px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">estimated useful life and the lease term. Right-of-use assets are also </div><div class=\"t s2_168\" id=\"t28_168\" style=\"left:461px;bottom:825px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">adjusted for any re-measurement of lease liabilities and are subject </div><div class=\"t s2_168\" id=\"t29_168\" style=\"left:461px;bottom:809px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">to impairment testing. Residual value is reassessed annually. </div><div class=\"t s2_168\" id=\"t2a_168\" style=\"left:461px;bottom:787px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">A lease liability is recorded when the leased asset is available for </div><div class=\"t s2_168\" id=\"t2b_168\" style=\"left:461px;bottom:771px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">use by the Group and is initially measured at the present value of </div><div class=\"t s2_168\" id=\"t2c_168\" style=\"left:461px;bottom:756px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">the lease payments to be made over the lease term. The lease </div><div class=\"t s3_168\" id=\"t2d_168\" style=\"left:461px;bottom:741px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">payments include fixed payments (including \u2018in-substance fixed\u2019 </div><div class=\"t s2_168\" id=\"t2e_168\" style=\"left:461px;bottom:725px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">payments) and variable lease payments that depend on an index or </div><div class=\"t s2_168\" id=\"t2f_168\" style=\"left:461px;bottom:710px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">a rate (initially measured using the index or rate at commencement), </div><div class=\"t s3_168\" id=\"t2g_168\" style=\"left:461px;bottom:695px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">less any lease incentives receivable. \u2018In-substance fixed\u2019 payments </div><div class=\"t s2_168\" id=\"t2h_168\" style=\"left:461px;bottom:680px;letter-spacing:-0.1px;word-spacing:-0.05px;display:inline;\">are payments that may, in form, contain variability but that, in </div><div class=\"t s2_168\" id=\"t2i_168\" style=\"left:461px;bottom:664px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">substance, are unavoidable. In calculating the present value of lease </div><div class=\"t s2_168\" id=\"t2j_168\" style=\"left:461px;bottom:649px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">payments, the Group uses its incremental borrowing rate at the </div><div class=\"t s2_168\" id=\"t2k_168\" style=\"left:461px;bottom:634px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">lease commencement date if the interest rate implicit in the lease </div><div class=\"t s2_168\" id=\"t2l_168\" style=\"left:461px;bottom:618px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">is not readily determinable. </div><div class=\"t s2_168\" id=\"t2m_168\" style=\"left:461px;bottom:596px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">The lease term includes periods subject to extension options which </div><div class=\"t s2_168\" id=\"t2n_168\" style=\"left:461px;bottom:580px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">the Group is reasonably certain to exercise and excludes the e\ufb00ect </div><div class=\"t s2_168\" id=\"t2o_168\" style=\"left:461px;bottom:565px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">of early termination options where the Group is reasonably certain </div><div class=\"t s2_168\" id=\"t2p_168\" style=\"left:461px;bottom:550px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">that it will not exercise the option. Minimum lease payments include </div><div class=\"t s2_168\" id=\"t2q_168\" style=\"left:461px;bottom:534px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">the cost of a purchase option if the Group is reasonably certain it will </div><div class=\"t s2_168\" id=\"t2r_168\" style=\"left:461px;bottom:519px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">purchase the underlying asset after the lease term. </div><div class=\"t s2_168\" id=\"t2s_168\" style=\"left:461px;bottom:496px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">After the commencement date, the amount of lease liabilities is </div><div class=\"t s3_168\" id=\"t2t_168\" style=\"left:461px;bottom:481px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">increased to reflect the accretion o</div><div class=\"t s2_168\" id=\"t2u_168\" style=\"left:656px;bottom:481px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">f interest and reduced for lease </div><div class=\"t s2_168\" id=\"t2v_168\" style=\"left:461px;bottom:466px;letter-spacing:-0.22px;word-spacing:-0.12px;display:inline;\">payments made. The carrying amount of lease liabilities is re-measured </div><div class=\"t s2_168\" id=\"t2w_168\" style=\"left:461px;bottom:450px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">if there is a modi</div><div class=\"t s3_168\" id=\"t2x_168\" style=\"left:553px;bottom:450px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">fication, a change in the lease term or a change in </div><div class=\"t s2_168\" id=\"t2y_168\" style=\"left:461px;bottom:435px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">lease payments as a result of a rent review or change in the relevant </div><div class=\"t s2_168\" id=\"t2z_168\" style=\"left:461px;bottom:420px;letter-spacing:-0.09px;word-spacing:-0.05px;display:inline;\">index or rate. </div><div class=\"t s2_168\" id=\"t30_168\" style=\"left:461px;bottom:397px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">Variable lease payments are payable under certain of the Group\u2019s </div><div class=\"t s2_168\" id=\"t31_168\" style=\"left:461px;bottom:382px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">hotel leases and arise where the Group is committed to making </div><div class=\"t s2_168\" id=\"t32_168\" style=\"left:461px;bottom:366px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">lease payments that are contingent on the performance of these </div><div class=\"t s2_168\" id=\"t33_168\" style=\"left:461px;bottom:351px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">hotels. Such lease payments that do not depend on an index or </div><div class=\"t s2_168\" id=\"t34_168\" style=\"left:461px;bottom:336px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">a rate are recognised as an expense in the period over which the </div><div class=\"t s2_168\" id=\"t35_168\" style=\"left:461px;bottom:321px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">event or condition that triggers the payment occurs. </div><div class=\"t s0_168\" id=\"t36_168\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t s1_168\" id=\"t37_168\" style=\"left:65px;bottom:31px;letter-spacing:0.08px;display:inline;\"></div><div></div><div class=\"t s0_169\" id=\"t1_169\" style=\"left:65px;bottom:1115px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The Group has opted not to apply the lease accounting model to </div><div class=\"t s0_169\" id=\"t2_169\" style=\"left:65px;bottom:1100px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">intangible assets, leases of low-value assets or leases which have </div><div class=\"t s0_169\" id=\"t3_169\" style=\"left:65px;bottom:1084px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">a term of less than 12 months. Costs associated with these leases </div><div class=\"t s0_169\" id=\"t4_169\" style=\"left:65px;bottom:1069px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">are recognised as an expense on a straight-line basis over the </div><div class=\"t s0_169\" id=\"t5_169\" style=\"left:65px;bottom:1054px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">lease term. </div><div class=\"t s0_169\" id=\"t6_169\" style=\"left:65px;bottom:1031px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Payments and receipts are presented as follows in the Group </div><div class=\"t s0_169\" id=\"t7_169\" style=\"left:65px;bottom:1016px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">statement of cash </div><div class=\"t s1_169\" id=\"t8_169\" style=\"left:168px;bottom:1016px;letter-spacing:-0.06px;display:inline;\">flows: </div><div class=\"t s2_169\" id=\"t9_169\" style=\"left:65px;bottom:993px;display:inline;\">\u2022 </div><div class=\"t s0_169\" id=\"ta_169\" style=\"left:74px;bottom:993px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Short-term lease payments, payments for leases of low-value </div><div class=\"t s0_169\" id=\"tb_169\" style=\"left:74px;bottom:977px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">assets and variable lease payments that are not included in the </div><div class=\"t s0_169\" id=\"tc_169\" style=\"left:74px;bottom:962px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">measurement of the lease liabilities are presented within cash </div><div class=\"t s1_169\" id=\"td_169\" style=\"left:74px;bottom:947px;letter-spacing:-0.06px;display:inline;\">flows </div><div class=\"t s0_169\" id=\"te_169\" style=\"left:106px;bottom:947px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">from operating activities; </div><div class=\"t s2_169\" id=\"tf_169\" style=\"left:65px;bottom:928px;display:inline;\">\u2022 </div><div class=\"t s0_169\" id=\"tg_169\" style=\"left:74px;bottom:928px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Payments for the interest element of recognised lease liabilities are </div><div class=\"t s1_169\" id=\"th_169\" style=\"left:74px;bottom:913px;letter-spacing:-0.12px;word-spacing:-0.09px;display:inline;\">included in interest paid within cash flows </div><div class=\"t s0_169\" id=\"ti_169\" style=\"left:307px;bottom:913px;letter-spacing:-0.13px;word-spacing:-0.08px;display:inline;\">from operating activities; </div><div class=\"t s0_169\" id=\"tj_169\" style=\"left:74px;bottom:897px;letter-spacing:-0.06px;display:inline;\">and </div><div class=\"t s2_169\" id=\"tk_169\" style=\"left:65px;bottom:878px;display:inline;\">\u2022 </div><div class=\"t s0_169\" id=\"tl_169\" style=\"left:74px;bottom:878px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Payments for the principal element of recognised lease liabilities </div><div class=\"t s1_169\" id=\"tm_169\" style=\"left:74px;bottom:863px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">are presented within cash flows </div><div class=\"t s0_169\" id=\"tn_169\" style=\"left:252px;bottom:863px;letter-spacing:-0.1px;display:inline;\">from </div><div class=\"t s1_169\" id=\"to_169\" style=\"left:282px;bottom:863px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">financing activities. </div><div class=\"t s2_169\" id=\"tp_169\" style=\"left:65px;bottom:840px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">The Group as lessor </div><div class=\"t s0_169\" id=\"tq_169\" style=\"left:65px;bottom:825px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Leases, including subleases, for which the Group is a lessor are </div><div class=\"t s1_169\" id=\"tr_169\" style=\"left:65px;bottom:809px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">classified as finance or operating leases. Whenever the terms o</div><div class=\"t s0_169\" id=\"ts_169\" style=\"left:416px;bottom:809px;letter-spacing:-0.11px;word-spacing:-0.06px;display:inline;\">f the </div><div class=\"t s0_169\" id=\"tt_169\" style=\"left:65px;bottom:794px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">lease transfer substantially all the risks and rewards of ownership to </div><div class=\"t s1_169\" id=\"tu_169\" style=\"left:65px;bottom:779px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">the lessee, the lease is classified as a finance lease. All other leases </div><div class=\"t s1_169\" id=\"tv_169\" style=\"left:65px;bottom:764px;letter-spacing:-0.02px;word-spacing:-0.13px;display:inline;\">are classified as operating leases. Where a leased property earns </div><div class=\"t s0_169\" id=\"tw_169\" style=\"left:65px;bottom:748px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">rentals under an operating sublease outside of the normal course </div><div class=\"t s0_169\" id=\"tx_169\" style=\"left:65px;bottom:733px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">of business, the Group\u2019s interest in the lease is classi</div><div class=\"t s1_169\" id=\"ty_169\" style=\"left:356px;bottom:733px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">fied as an </div><div class=\"t s0_169\" id=\"tz_169\" style=\"left:65px;bottom:718px;letter-spacing:-0.17px;word-spacing:-0.15px;display:inline;\">investment property within right-of-use assets; these are subsequently </div><div class=\"t s0_169\" id=\"t10_169\" style=\"left:65px;bottom:702px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">measured under the cost model. </div><div class=\"t s1_169\" id=\"t11_169\" style=\"left:65px;bottom:680px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">When the lease is classified as an operating lease, rental income </div><div class=\"t s0_169\" id=\"t12_169\" style=\"left:65px;bottom:664px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">arising is accounted for on a straight-line basis in the Group </div><div class=\"t s0_169\" id=\"t13_169\" style=\"left:65px;bottom:649px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">income statement. </div><div class=\"t s1_169\" id=\"t14_169\" style=\"left:65px;bottom:626px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">When the lease is classified as a finance lease, the Group\u2019s interest </div><div class=\"t s1_169\" id=\"t15_169\" style=\"left:65px;bottom:611px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">in the lease is derecognised and is replaced by a finance lease </div><div class=\"t s0_169\" id=\"t16_169\" style=\"left:65px;bottom:596px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">receivable. Any di\ufb00erence between those amounts is recognised </div><div class=\"t s0_169\" id=\"t17_169\" style=\"left:65px;bottom:580px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">in the Group income statement. Finance lease receivables are </div><div class=\"t s0_169\" id=\"t18_169\" style=\"left:65px;bottom:565px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">presented within other receivables and are initially measured at the </div><div class=\"t s0_169\" id=\"t19_169\" style=\"left:65px;bottom:550px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">present value of lease payments receivable under the sublease plus </div><div class=\"t s0_169\" id=\"t1a_169\" style=\"left:65px;bottom:534px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">any initial direct costs. Finance lease interest is recognised within </div><div class=\"t s1_169\" id=\"t1b_169\" style=\"left:65px;bottom:519px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">financial income in the Group income statement. </div><div class=\"t s0_169\" id=\"t1c_169\" style=\"left:65px;bottom:496px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Receipts are presented as follows in the Group statement of </div><div class=\"t s1_169\" id=\"t1d_169\" style=\"left:65px;bottom:481px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">cash flows: </div><div class=\"t s2_169\" id=\"t1e_169\" style=\"left:65px;bottom:458px;display:inline;\">\u2022 </div><div class=\"t s0_169\" id=\"t1f_169\" style=\"left:74px;bottom:458px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Receipts from operating leases and investment properties are </div><div class=\"t s1_169\" id=\"t1g_169\" style=\"left:74px;bottom:443px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">presented within cash flows </div><div class=\"t s0_169\" id=\"t1h_169\" style=\"left:232px;bottom:443px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">from operating activities; and </div><div class=\"t s2_169\" id=\"t1i_169\" style=\"left:65px;bottom:424px;display:inline;\">\u2022 </div><div class=\"t s0_169\" id=\"t1j_169\" style=\"left:74px;bottom:424px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Receipts from </div><div class=\"t s1_169\" id=\"t1k_169\" style=\"left:155px;bottom:424px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">finance leases are presented within cash flows </div><div class=\"t s0_169\" id=\"t1l_169\" style=\"left:74px;bottom:408px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">from investing activities. </div><div class=\"t s3_169\" id=\"t1m_169\" style=\"left:461px;bottom:1115px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">Associates and joint ventures </div><div class=\"t s1_169\" id=\"t1n_169\" style=\"left:461px;bottom:1100px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">An associate is an entity over which the Group has significant </div><div class=\"t s1_169\" id=\"t1o_169\" style=\"left:461px;bottom:1084px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">influence. Significant influence is the power to participate in the </div><div class=\"t s1_169\" id=\"t1p_169\" style=\"left:461px;bottom:1069px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">financial and operating policy decisions o</div><div class=\"t s0_169\" id=\"t1q_169\" style=\"left:693px;bottom:1069px;letter-spacing:-0.13px;word-spacing:-0.03px;display:inline;\">f the entity, but is not </div><div class=\"t s0_169\" id=\"t1r_169\" style=\"left:461px;bottom:1054px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">control or joint control over those policies. A joint venture exists </div><div class=\"t s0_169\" id=\"t1s_169\" style=\"left:461px;bottom:1039px;letter-spacing:-0.09px;word-spacing:-0.05px;display:inline;\">when two or more parties have joint control over, and rights to the </div><div class=\"t s0_169\" id=\"t1t_169\" style=\"left:461px;bottom:1023px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">net assets of, the venture. Joint control is the contractually agreed </div><div class=\"t s0_169\" id=\"t1u_169\" style=\"left:461px;bottom:1008px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">sharing of control which only exists when decisions about the </div><div class=\"t s0_169\" id=\"t1v_169\" style=\"left:461px;bottom:993px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">relevant activities require the unanimous consent of the parties </div><div class=\"t s0_169\" id=\"t1w_169\" style=\"left:461px;bottom:977px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">sharing control. </div><div class=\"t s0_169\" id=\"t1x_169\" style=\"left:461px;bottom:955px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">In determining the extent of power or signi</div><div class=\"t s1_169\" id=\"t1y_169\" style=\"left:699px;bottom:955px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">ficant influence, </div><div class=\"t s0_169\" id=\"t1z_169\" style=\"left:461px;bottom:939px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">consideration is given to other agreements between the Group, </div><div class=\"t s0_169\" id=\"t20_169\" style=\"left:461px;bottom:924px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">the investee entity, and the investing partners. This includes any </div><div class=\"t s0_169\" id=\"t21_169\" style=\"left:461px;bottom:909px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">related management or franchise agreements and the existence </div><div class=\"t s0_169\" id=\"t22_169\" style=\"left:461px;bottom:893px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">of any performance guarantees. </div><div class=\"t s0_169\" id=\"t23_169\" style=\"left:461px;bottom:871px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Associates and joint ventures are accounted for using the equity </div><div class=\"t s1_169\" id=\"t24_169\" style=\"left:461px;bottom:855px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">method unless the associate or joint venture is classified as held </div><div class=\"t s0_169\" id=\"t25_169\" style=\"left:820px;bottom:855px;letter-spacing:-0.12px;display:inline;\">for </div><div class=\"t s0_169\" id=\"t26_169\" style=\"left:461px;bottom:840px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">sale. Under the equity method, the Group\u2019s investment is recorded </div><div class=\"t s0_169\" id=\"t27_169\" style=\"left:461px;bottom:825px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">at cost adjusted by the Group\u2019s share of post-acquisition pro</div><div class=\"t s1_169\" id=\"t28_169\" style=\"left:797px;bottom:825px;letter-spacing:-0.04px;word-spacing:-0.13px;display:inline;\">fits and </div><div class=\"t s0_169\" id=\"t29_169\" style=\"left:461px;bottom:809px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">losses, and other movements in the investee\u2019s reserves, applying </div><div class=\"t s0_169\" id=\"t2a_169\" style=\"left:461px;bottom:794px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">consistent accounting policies. When the Group\u2019s share of losses </div><div class=\"t s0_169\" id=\"t2b_169\" style=\"left:461px;bottom:779px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">exceeds its interest in an associate or joint venture, the Group\u2019s </div><div class=\"t s0_169\" id=\"t2c_169\" style=\"left:461px;bottom:764px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">carrying amount is reduced to $nil and recognition of further losses </div><div class=\"t s0_169\" id=\"t2d_169\" style=\"left:461px;bottom:748px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">is discontinued except to the extent that the Group has incurred </div><div class=\"t s0_169\" id=\"t2e_169\" style=\"left:461px;bottom:733px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">legal or constructive obligations or made payments on behalf of </div><div class=\"t s0_169\" id=\"t2f_169\" style=\"left:461px;bottom:718px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">an associate or joint venture. </div><div class=\"t s0_169\" id=\"t2g_169\" style=\"left:461px;bottom:695px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">If there is objective evidence that an associate or joint venture is </div><div class=\"t s0_169\" id=\"t2h_169\" style=\"left:461px;bottom:680px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">impaired, an impairment charge is recognised if the carrying amount </div><div class=\"t s0_169\" id=\"t2i_169\" style=\"left:461px;bottom:664px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">of the investment exceeds its recoverable amount. </div><div class=\"t s0_169\" id=\"t2j_169\" style=\"left:461px;bottom:641px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">Upon loss of signi</div><div class=\"t s1_169\" id=\"t2k_169\" style=\"left:560px;bottom:641px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">ficant influence over an associate or joint control </div><div class=\"t s0_169\" id=\"t2l_169\" style=\"left:461px;bottom:626px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">of a joint venture, any retained investment is measured at fair value </div><div class=\"t s0_169\" id=\"t2m_169\" style=\"left:461px;bottom:611px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">with any di\ufb00erence to carrying value recognised in the Group </div><div class=\"t s0_169\" id=\"t2n_169\" style=\"left:461px;bottom:596px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">income statement. </div><div class=\"t s3_169\" id=\"t2o_169\" style=\"left:461px;bottom:573px;word-spacing:-0.13px;display:inline;\">Impairment of non-</div><div class=\"t s4_169\" id=\"t2p_169\" style=\"left:572px;bottom:573px;letter-spacing:0.03px;word-spacing:-0.17px;display:inline;\">financial assets </div><div class=\"t s1_169\" id=\"t2q_169\" style=\"left:461px;bottom:557px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">Non-financial assets are tested </div><div class=\"t s0_169\" id=\"t2r_169\" style=\"left:635px;bottom:557px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">for impairment when events or </div><div class=\"t s0_169\" id=\"t2s_169\" style=\"left:461px;bottom:542px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">changes in circumstances indicate that the carrying value may </div><div class=\"t s0_169\" id=\"t2t_169\" style=\"left:461px;bottom:527px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">not be recoverable and, in the case of goodwill and brands with </div><div class=\"t s1_169\" id=\"t2u_169\" style=\"left:461px;bottom:512px;letter-spacing:-0.09px;word-spacing:-0.07px;display:inline;\">indefinite lives, at least annually. </div><div class=\"t s1_169\" id=\"t2v_169\" style=\"left:461px;bottom:489px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Assets that do not generate independent cash inflows are allocated </div><div class=\"t s0_169\" id=\"t2w_169\" style=\"left:461px;bottom:473px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">to the cash-generating unit (\u2018CGU\u2019), or group of CGUs, to which they </div><div class=\"t s0_169\" id=\"t2x_169\" style=\"left:461px;bottom:458px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">belong. For impairment testing of hotel properties, each hotel is </div><div class=\"t s0_169\" id=\"t2y_169\" style=\"left:461px;bottom:443px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">deemed to be a CGU. </div><div class=\"t s0_169\" id=\"t2z_169\" style=\"left:461px;bottom:420px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">If carrying values exceed their estimated recoverable amount, </div><div class=\"t s0_169\" id=\"t30_169\" style=\"left:461px;bottom:405px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">the assets or CGUs are written down to the recoverable amount. </div><div class=\"t s0_169\" id=\"t31_169\" style=\"left:461px;bottom:389px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Recoverable amount is the greater of fair value less costs of disposal </div><div class=\"t s0_169\" id=\"t32_169\" style=\"left:461px;bottom:374px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">and value in use. Value in use is assessed based on estimated future </div><div class=\"t s1_169\" id=\"t33_169\" style=\"left:461px;bottom:359px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">cash flows, including the e\ufb00ect o</div><div class=\"t s0_169\" id=\"t34_169\" style=\"left:645px;bottom:359px;letter-spacing:-0.14px;word-spacing:-0.03px;display:inline;\">f in</div><div class=\"t s1_169\" id=\"t35_169\" style=\"left:662px;bottom:359px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">flation, discounted to their </div><div class=\"t s1_169\" id=\"t36_169\" style=\"left:461px;bottom:343px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">present value using a pre-tax nominal discount rate that reflects </div><div class=\"t s0_169\" id=\"t37_169\" style=\"left:461px;bottom:328px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">current market assessments of the time value of money and the </div><div class=\"t s1_169\" id=\"t38_169\" style=\"left:461px;bottom:313px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">risks specific to the asset. </div><div class=\"t s2_169\" id=\"t39_169\" style=\"left:65px;bottom:31px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\"> </div><div class=\"t m0_169 s5_169\" id=\"t3a_169\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t s2_169\" id=\"t3b_169\" style=\"left:826px;bottom:31px;display:inline;\"></div><div></div><div class=\"t s0_170\" id=\"t1_170\" style=\"left:65px;bottom:1115px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">With the exception of goodwill, an assessment is made at each </div><div class=\"t s0_170\" id=\"t2_170\" style=\"left:65px;bottom:1100px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">reporting date to determine whether there is an indication that </div><div class=\"t s0_170\" id=\"t3_170\" style=\"left:65px;bottom:1084px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">previously recognised impairment losses no longer exist or have </div><div class=\"t s0_170\" id=\"t4_170\" style=\"left:65px;bottom:1069px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">decreased. A previously recognised impairment loss is reversed </div><div class=\"t s0_170\" id=\"t5_170\" style=\"left:65px;bottom:1054px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">only if there has been a signi</div><div class=\"t s1_170\" id=\"t6_170\" style=\"left:223px;bottom:1054px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">ficant change in the assumptions used </div><div class=\"t s0_170\" id=\"t7_170\" style=\"left:65px;bottom:1039px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">to determine the asset\u2019s recoverable amount since the impairment </div><div class=\"t s0_170\" id=\"t8_170\" style=\"left:65px;bottom:1023px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">loss was recognised. The reversal is limited so that the carrying </div><div class=\"t s0_170\" id=\"t9_170\" style=\"left:65px;bottom:1008px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">amount of the asset does not exceed its recoverable amount, nor </div><div class=\"t s0_170\" id=\"ta_170\" style=\"left:65px;bottom:993px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">exceed the carrying amount that would have been determined, </div><div class=\"t s0_170\" id=\"tb_170\" style=\"left:65px;bottom:977px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">net of depreciation or amortisation, had no impairment loss been </div><div class=\"t s0_170\" id=\"tc_170\" style=\"left:65px;bottom:962px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">recognised for the asset in prior years. </div><div class=\"t s0_170\" id=\"td_170\" style=\"left:65px;bottom:939px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Impairment losses, and any subsequent reversals, are recognised </div><div class=\"t s0_170\" id=\"te_170\" style=\"left:65px;bottom:924px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">in the Group income statement. </div><div class=\"t s2_170\" id=\"tf_170\" style=\"left:65px;bottom:901px;letter-spacing:0.03px;word-spacing:-0.17px;display:inline;\">Financial assets </div><div class=\"t s1_170\" id=\"tg_170\" style=\"left:65px;bottom:886px;letter-spacing:-0.05px;word-spacing:-0.11px;display:inline;\">On initial recognition, the Group classifies its financial assets as </div><div class=\"t s0_170\" id=\"th_170\" style=\"left:65px;bottom:871px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">being subsequently measured at amortised cost, fair value through </div><div class=\"t s0_170\" id=\"ti_170\" style=\"left:65px;bottom:855px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">other comprehensive income (\u2018FVOCI\u2019) or fair value through pro</div><div class=\"t s1_170\" id=\"tj_170\" style=\"left:421px;bottom:855px;letter-spacing:-0.02px;display:inline;\">fit </div><div class=\"t s0_170\" id=\"tk_170\" style=\"left:65px;bottom:840px;letter-spacing:-0.08px;word-spacing:-0.08px;display:inline;\">or loss (\u2018FVTPL\u2019). </div><div class=\"t s1_170\" id=\"tl_170\" style=\"left:65px;bottom:817px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Financial assets which are held to collect contractual cash flows </div><div class=\"t s1_170\" id=\"tm_170\" style=\"left:65px;bottom:802px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">and give rise to cash flows that are solely payments o</div><div class=\"t s0_170\" id=\"tn_170\" style=\"left:360px;bottom:802px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">f principal and </div><div class=\"t s0_170\" id=\"to_170\" style=\"left:65px;bottom:786px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">interest are subsequently measured at amortised cost. Interest on </div><div class=\"t s0_170\" id=\"tp_170\" style=\"left:65px;bottom:771px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">these assets is calculated using the e\ufb00ective interest rate method </div><div class=\"t s1_170\" id=\"tq_170\" style=\"left:65px;bottom:756px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">and is recognised in the Group income statement as financial </div><div class=\"t s0_170\" id=\"tr_170\" style=\"left:65px;bottom:741px;letter-spacing:-0.13px;word-spacing:-0.1px;display:inline;\">income. The Group recognises a provision for expected credit losses </div><div class=\"t s0_170\" id=\"ts_170\" style=\"left:65px;bottom:725px;letter-spacing:-0.12px;display:inline;\">for </div><div class=\"t s1_170\" id=\"tt_170\" style=\"left:84px;bottom:725px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">financial assets held at amortised cost. With the exception o</div><div class=\"t s0_170\" id=\"tu_170\" style=\"left:418px;bottom:725px;display:inline;\">f </div><div class=\"t s1_170\" id=\"tv_170\" style=\"left:65px;bottom:710px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">trade receivables, where there has not been a significant increase </div><div class=\"t s0_170\" id=\"tw_170\" style=\"left:65px;bottom:695px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">in credit risk since initial recognition, provision is made for defaults </div><div class=\"t s0_170\" id=\"tx_170\" style=\"left:65px;bottom:680px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">that are possible within the next 12 months. Where there has been </div><div class=\"t s1_170\" id=\"ty_170\" style=\"left:65px;bottom:664px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">a significant increase in credit risk since initial recognition, </div><div class=\"t s0_170\" id=\"tz_170\" style=\"left:392px;bottom:664px;letter-spacing:-0.12px;display:inline;\">for </div><div class=\"t s1_170\" id=\"t10_170\" style=\"left:65px;bottom:649px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">example trade deposits and loans where the borrower is in financial </div><div class=\"t s3_170\" id=\"t11_170\" style=\"left:65px;bottom:634px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">di\ufb00iculty or has not met repayments as they fall due, provision is </div><div class=\"t s0_170\" id=\"t12_170\" style=\"left:65px;bottom:618px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">made for credit losses expected over the remaining life of the asset. </div><div class=\"t s0_170\" id=\"t13_170\" style=\"left:65px;bottom:596px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The Group has elected to irrevocably designate equity investments </div><div class=\"t s0_170\" id=\"t14_170\" style=\"left:65px;bottom:580px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">as FVOCI as they mainly comprise strategic investments in entities </div><div class=\"t s0_170\" id=\"t15_170\" style=\"left:65px;bottom:565px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">that own hotels which the Group manages. Changes in their value </div><div class=\"t s0_170\" id=\"t16_170\" style=\"left:65px;bottom:550px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">are recognised within gains or losses on equity instruments </div><div class=\"t s1_170\" id=\"t17_170\" style=\"left:65px;bottom:534px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">classified as FVOCI in the Group statement o</div><div class=\"t s0_170\" id=\"t18_170\" style=\"left:314px;bottom:534px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">f comprehensive </div><div class=\"t s0_170\" id=\"t19_170\" style=\"left:65px;bottom:519px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">income and are never recycled to the Group income statement. </div><div class=\"t s0_170\" id=\"t1a_170\" style=\"left:65px;bottom:504px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">On disposal, any related balance within the fair value reserve is </div><div class=\"t s1_170\" id=\"t1b_170\" style=\"left:65px;bottom:489px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">reclassified to retained earnings. Dividends </div><div class=\"t s0_170\" id=\"t1c_170\" style=\"left:308px;bottom:489px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">from equity investments </div><div class=\"t s1_170\" id=\"t1d_170\" style=\"left:65px;bottom:473px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">classified as FVOCI are recognised in the Group income statement </div><div class=\"t s0_170\" id=\"t1e_170\" style=\"left:65px;bottom:458px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">as other operating income when the dividend has been declared, </div><div class=\"t s0_170\" id=\"t1f_170\" style=\"left:65px;bottom:443px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">when receipt of the funds is probable and when the dividend is not </div><div class=\"t s0_170\" id=\"t1g_170\" style=\"left:65px;bottom:427px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">a return of invested capital. Equity instruments classi</div><div class=\"t s1_170\" id=\"t1h_170\" style=\"left:358px;bottom:427px;letter-spacing:0.02px;word-spacing:-0.16px;display:inline;\">fied as FVOCI </div><div class=\"t s0_170\" id=\"t1i_170\" style=\"left:65px;bottom:412px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">are not subject to an impairment assessment. </div><div class=\"t s0_170\" id=\"t1j_170\" style=\"left:65px;bottom:389px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Financial assets not meeting the above criteria are measured at </div><div class=\"t s0_170\" id=\"t1k_170\" style=\"left:65px;bottom:374px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">FVTPL. These include money market funds, investments which do </div><div class=\"t s1_170\" id=\"t1l_170\" style=\"left:65px;bottom:359px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">not meet the definition o</div><div class=\"t s0_170\" id=\"t1m_170\" style=\"left:202px;bottom:359px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">f equity and other </div><div class=\"t s1_170\" id=\"t1n_170\" style=\"left:304px;bottom:359px;letter-spacing:-0.04px;word-spacing:-0.12px;display:inline;\">financial assets, including </div><div class=\"t s1_170\" id=\"t1o_170\" style=\"left:65px;bottom:343px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">those which do not have a fixed date o</div><div class=\"t s0_170\" id=\"t1p_170\" style=\"left:279px;bottom:343px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">f repayment. </div><div class=\"t s2_170\" id=\"t1q_170\" style=\"left:461px;bottom:1115px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Trade receivables </div><div class=\"t s0_170\" id=\"t1r_170\" style=\"left:461px;bottom:1100px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">A trade receivable is recorded when the Group has an unconditional </div><div class=\"t s0_170\" id=\"t1s_170\" style=\"left:461px;bottom:1084px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">right to receive payment. In respect of franchise fees, base and </div><div class=\"t s0_170\" id=\"t1t_170\" style=\"left:461px;bottom:1069px;letter-spacing:-0.05px;word-spacing:-0.08px;display:inline;\">incentive management fees, Central revenue and revenues from </div><div class=\"t s0_170\" id=\"t1u_170\" style=\"left:461px;bottom:1054px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">owned, leased and managed lease hotels, the invoice is typically </div><div class=\"t s0_170\" id=\"t1v_170\" style=\"left:461px;bottom:1039px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">issued as the related performance obligations are satis</div><div class=\"t s1_170\" id=\"t1w_170\" style=\"left:765px;bottom:1039px;letter-spacing:-0.03px;word-spacing:-0.13px;display:inline;\">fied, as </div><div class=\"t s0_170\" id=\"t1x_170\" style=\"left:461px;bottom:1023px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">described on page 163. Trade receivables typically do not bear </div><div class=\"t s0_170\" id=\"t1y_170\" style=\"left:461px;bottom:1008px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">interest and are generally on payment terms of up to 30 days. </div><div class=\"t s0_170\" id=\"t1z_170\" style=\"left:461px;bottom:985px;letter-spacing:-0.26px;word-spacing:-0.08px;display:inline;\">Trade receivables are initially recognised at fair value and subsequently </div><div class=\"t s0_170\" id=\"t20_170\" style=\"left:461px;bottom:970px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">measured at amortised cost. A provision for impairment is made for </div><div class=\"t s0_170\" id=\"t21_170\" style=\"left:461px;bottom:955px;letter-spacing:-0.17px;word-spacing:-0.1px;display:inline;\">lifetime expected credit losses. The Group has established a provision </div><div class=\"t s0_170\" id=\"t22_170\" style=\"left:461px;bottom:939px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">matrix that is based on its historical credit loss experience by region </div><div class=\"t s0_170\" id=\"t23_170\" style=\"left:461px;bottom:924px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">and number of days past due. Where the historical experience is not </div><div class=\"t s1_170\" id=\"t24_170\" style=\"left:461px;bottom:909px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">relevant to defined owner groups, </div><div class=\"t s0_170\" id=\"t25_170\" style=\"left:653px;bottom:909px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">for example those in </div><div class=\"t s1_170\" id=\"t26_170\" style=\"left:769px;bottom:909px;letter-spacing:-0.03px;display:inline;\">financial </div><div class=\"t s0_170\" id=\"t27_170\" style=\"left:461px;bottom:893px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">distress, lifetime expected credit losses are calculated by reference </div><div class=\"t s0_170\" id=\"t28_170\" style=\"left:461px;bottom:878px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">to other sources of data. </div><div class=\"t s0_170\" id=\"t29_170\" style=\"left:461px;bottom:855px;letter-spacing:-0.18px;word-spacing:-0.14px;display:inline;\">Trade receivables are written o\ufb00 once determined to be uncollectable. </div><div class=\"t s2_170\" id=\"t2a_170\" style=\"left:461px;bottom:832px;letter-spacing:0.02px;word-spacing:-0.15px;display:inline;\">Cash and cash equivalents </div><div class=\"t s0_170\" id=\"t2b_170\" style=\"left:461px;bottom:817px;word-spacing:-0.13px;display:inline;\">Cash comprises cash on hand and demand deposits. </div><div class=\"t s0_170\" id=\"t2c_170\" style=\"left:461px;bottom:794px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Cash and cash equivalents comprise short-term deposits, money </div><div class=\"t s0_170\" id=\"t2d_170\" style=\"left:461px;bottom:779px;letter-spacing:-0.12px;word-spacing:-0.08px;display:inline;\">market funds and repurchase agreements that are readily convertible </div><div class=\"t s0_170\" id=\"t2e_170\" style=\"left:461px;bottom:764px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">to a known amount of cash and are subject to an insigni</div><div class=\"t s1_170\" id=\"t2f_170\" style=\"left:770px;bottom:764px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">ficant risk o</div><div class=\"t s0_170\" id=\"t2g_170\" style=\"left:834px;bottom:764px;display:inline;\">f </div><div class=\"t s0_170\" id=\"t2h_170\" style=\"left:461px;bottom:748px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">changes in value. They generally have an original maturity of three </div><div class=\"t s0_170\" id=\"t2i_170\" style=\"left:461px;bottom:733px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">months or less. </div><div class=\"t s0_170\" id=\"t2j_170\" style=\"left:461px;bottom:710px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Cash and cash equivalents may include amounts which are subject </div><div class=\"t s0_170\" id=\"t2k_170\" style=\"left:461px;bottom:695px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">to regulatory or other contractual restrictions and are not available </div><div class=\"t s0_170\" id=\"t2l_170\" style=\"left:461px;bottom:680px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">for general use by the Group. </div><div class=\"t s1_170\" id=\"t2m_170\" style=\"left:461px;bottom:657px;letter-spacing:-0.09px;word-spacing:-0.12px;display:inline;\">Cash balances are classified as other financial assets when the Group </div><div class=\"t s0_170\" id=\"t2n_170\" style=\"left:461px;bottom:641px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">is not able to freely access the funds because they are subject to a </div><div class=\"t s1_170\" id=\"t2o_170\" style=\"left:461px;bottom:626px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">specific charge or other restrictions. </div><div class=\"t s2_170\" id=\"t2p_170\" style=\"left:461px;bottom:603px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">Money market funds </div><div class=\"t s0_170\" id=\"t2q_170\" style=\"left:461px;bottom:588px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Money market funds are held at FVTPL, with distributions recognised </div><div class=\"t s1_170\" id=\"t2r_170\" style=\"left:461px;bottom:573px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">in financial income. </div><div class=\"t s2_170\" id=\"t2s_170\" style=\"left:461px;bottom:550px;word-spacing:-0.13px;display:inline;\">Bank and other borrowings </div><div class=\"t s0_170\" id=\"t2t_170\" style=\"left:461px;bottom:534px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Bank and other borrowings are initially recognised at the fair value </div><div class=\"t s0_170\" id=\"t2u_170\" style=\"left:461px;bottom:519px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">of the consideration received less directly attributable transaction </div><div class=\"t s0_170\" id=\"t2v_170\" style=\"left:461px;bottom:504px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">costs. They are subsequently measured at amortised cost. </div><div class=\"t s1_170\" id=\"t2w_170\" style=\"left:461px;bottom:481px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Borrowings are classified as non-current when the repayment date </div><div class=\"t s0_170\" id=\"t2x_170\" style=\"left:461px;bottom:466px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">is more than 12 months from the period-end date or where they are </div><div class=\"t s0_170\" id=\"t2y_170\" style=\"left:461px;bottom:450px;letter-spacing:-0.09px;word-spacing:-0.05px;display:inline;\">drawn on a facility with more than 12 months to expiry. </div><div class=\"t s2_170\" id=\"t2z_170\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t s4_170\" id=\"t30_170\" style=\"left:65px;bottom:31px;letter-spacing:0.08px;display:inline;\"></div><div></div><div class=\"t s0_171\" id=\"t1_171\" style=\"left:65px;bottom:1115px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">Derivative financial instruments and hedging </div><div class=\"t s1_171\" id=\"t2_171\" style=\"left:65px;bottom:1100px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Derivatives are initially recognised and subsequently measured at </div><div class=\"t s1_171\" id=\"t3_171\" style=\"left:65px;bottom:1084px;letter-spacing:-0.17px;word-spacing:-0.1px;display:inline;\">fair value. The subsequent accounting treatment depends on whether </div><div class=\"t s1_171\" id=\"t4_171\" style=\"left:65px;bottom:1069px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">the derivative is designated as a hedging instrument and, if so, the </div><div class=\"t s1_171\" id=\"t5_171\" style=\"left:65px;bottom:1054px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">nature of the item being hedged. </div><div class=\"t s1_171\" id=\"t6_171\" style=\"left:65px;bottom:1031px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Changes in the fair value of derivatives which have either not been </div><div class=\"t s1_171\" id=\"t7_171\" style=\"left:65px;bottom:1016px;letter-spacing:-0.12px;word-spacing:-0.09px;display:inline;\">designated as hedging instruments or relate to the ine\ufb00ective portion </div><div class=\"t s1_171\" id=\"t8_171\" style=\"left:65px;bottom:1000px;letter-spacing:-0.22px;word-spacing:-0.1px;display:inline;\">of hedges are recognised immediately in the Group income statement. </div><div class=\"t s1_171\" id=\"t9_171\" style=\"left:65px;bottom:977px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">Documentation outlining the measurement and e\ufb00ectiveness of </div><div class=\"t s1_171\" id=\"ta_171\" style=\"left:65px;bottom:962px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">any hedging arrangement is maintained throughout the life of the </div><div class=\"t s1_171\" id=\"tb_171\" style=\"left:65px;bottom:947px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">hedge relationship. </div><div class=\"t s1_171\" id=\"tc_171\" style=\"left:65px;bottom:924px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">Interest arising from currency derivatives and interest rate swaps </div><div class=\"t s2_171\" id=\"td_171\" style=\"left:65px;bottom:909px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">is recorded in either financial income or expenses over the term </div><div class=\"t s1_171\" id=\"te_171\" style=\"left:65px;bottom:893px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">of the agreement, unless the accounting treatment for the hedging </div><div class=\"t s1_171\" id=\"tf_171\" style=\"left:65px;bottom:878px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">relationship requires the interest to be taken to reserves. </div><div class=\"t s1_171\" id=\"tg_171\" style=\"left:65px;bottom:855px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Within the Group statement of cash </div><div class=\"t s2_171\" id=\"th_171\" style=\"left:266px;bottom:855px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">flows, interest paid includes </div><div class=\"t s1_171\" id=\"ti_171\" style=\"left:65px;bottom:840px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">interest paid on the Group\u2019s bonds and the related derivative </div><div class=\"t s2_171\" id=\"tj_171\" style=\"left:65px;bottom:825px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">financial instruments. </div><div class=\"t s3_171\" id=\"tk_171\" style=\"left:65px;bottom:802px;letter-spacing:0.01px;word-spacing:-0.14px;display:inline;\">Cash flow hedges </div><div class=\"t s2_171\" id=\"tl_171\" style=\"left:65px;bottom:786px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Financial instruments are designated as cash flow hedges when </div><div class=\"t s2_171\" id=\"tm_171\" style=\"left:65px;bottom:771px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">they hedge exposure to variability in cash flows that are attributable </div><div class=\"t s1_171\" id=\"tn_171\" style=\"left:65px;bottom:756px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">to either a highly probable forecast transaction or a particular risk </div><div class=\"t s1_171\" id=\"to_171\" style=\"left:65px;bottom:741px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">associated with a recognised asset or liability. </div><div class=\"t s1_171\" id=\"tp_171\" style=\"left:65px;bottom:718px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Changes in the fair value are recorded in other comprehensive </div><div class=\"t s2_171\" id=\"tq_171\" style=\"left:65px;bottom:702px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">income and cash flow hedge reserves to the extent that the hedges </div><div class=\"t s1_171\" id=\"tr_171\" style=\"left:65px;bottom:687px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">are e\ufb00ective. When the hedged item is recognised, the cumulative </div><div class=\"t s2_171\" id=\"ts_171\" style=\"left:65px;bottom:672px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">gains and losses on the related hedging instrument are reclassified </div><div class=\"t s2_171\" id=\"tt_171\" style=\"left:65px;bottom:657px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">to the Group income statement, within financial expenses. </div><div class=\"t s4_171\" id=\"tu_171\" style=\"left:65px;bottom:634px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Net investment hedges </div><div class=\"t s1_171\" id=\"tv_171\" style=\"left:65px;bottom:618px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Financial instruments are designated as net investment hedges </div><div class=\"t s1_171\" id=\"tw_171\" style=\"left:65px;bottom:603px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">when they hedge the Group\u2019s net investment in foreign operations. </div><div class=\"t s1_171\" id=\"tx_171\" style=\"left:65px;bottom:580px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Changes in the fair value are recorded in other comprehensive </div><div class=\"t s1_171\" id=\"ty_171\" style=\"left:65px;bottom:565px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">income and the currency translation reserve to the extent that the </div><div class=\"t s1_171\" id=\"tz_171\" style=\"left:65px;bottom:550px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">hedges are e\ufb00ective. The cumulative gains and losses remain in </div><div class=\"t s1_171\" id=\"t10_171\" style=\"left:65px;bottom:534px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">equity until the relevant foreign operation is disposed, at which point </div><div class=\"t s2_171\" id=\"t11_171\" style=\"left:65px;bottom:519px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">they are reclassified to the Group income statement as part o</div><div class=\"t s1_171\" id=\"t12_171\" style=\"left:406px;bottom:519px;letter-spacing:-0.11px;word-spacing:-0.06px;display:inline;\">f the </div><div class=\"t s1_171\" id=\"t13_171\" style=\"left:65px;bottom:504px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">gain or loss on disposal. </div><div class=\"t s0_171\" id=\"t14_171\" style=\"left:65px;bottom:481px;letter-spacing:0.01px;word-spacing:-0.14px;display:inline;\">Financial guarantee contracts </div><div class=\"t s1_171\" id=\"t15_171\" style=\"left:65px;bottom:466px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">In limited cases, the Group may guarantee part of mortgage </div><div class=\"t s1_171\" id=\"t16_171\" style=\"left:65px;bottom:450px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">loans made to facilitate third-party ownership of hotels under IHG </div><div class=\"t s1_171\" id=\"t17_171\" style=\"left:65px;bottom:435px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">management or franchise arrangements. The Group has elected </div><div class=\"t s1_171\" id=\"t18_171\" style=\"left:65px;bottom:420px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">to apply the requirements of IFRS 9 \u2018Financial Instruments\u2019 to these </div><div class=\"t s1_171\" id=\"t19_171\" style=\"left:65px;bottom:405px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">arrangements. Financial guarantee contracts are initially recognised </div><div class=\"t s1_171\" id=\"t1a_171\" style=\"left:65px;bottom:389px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">at fair value and subsequently measured at the higher of the amount </div><div class=\"t s1_171\" id=\"t1b_171\" style=\"left:65px;bottom:374px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">calculated under the Group\u2019s expected credit loss model and any </div><div class=\"t s1_171\" id=\"t1c_171\" style=\"left:65px;bottom:359px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">amount initially recognised less cumulative amounts recognised in </div><div class=\"t s1_171\" id=\"t1d_171\" style=\"left:65px;bottom:343px;letter-spacing:-0.2px;word-spacing:-0.07px;display:inline;\">accordance with the Group\u2019s revenue recognition policy. The carrying </div><div class=\"t s1_171\" id=\"t1e_171\" style=\"left:65px;bottom:328px;letter-spacing:-0.1px;word-spacing:-0.06px;display:inline;\">value of </div><div class=\"t s2_171\" id=\"t1f_171\" style=\"left:112px;bottom:328px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">financial guarantee liabilities is immaterial </div><div class=\"t s1_171\" id=\"t1g_171\" style=\"left:346px;bottom:328px;letter-spacing:-0.13px;word-spacing:-0.05px;display:inline;\">for all </div><div class=\"t s1_171\" id=\"t1h_171\" style=\"left:65px;bottom:313px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">periods presented. </div><div class=\"t s0_171\" id=\"t1i_171\" style=\"left:461px;bottom:1115px;word-spacing:-0.12px;display:inline;\">Fair value measurement </div><div class=\"t s1_171\" id=\"t1j_171\" style=\"left:461px;bottom:1100px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">The Group measures each of the following at fair value </div><div class=\"t s1_171\" id=\"t1k_171\" style=\"left:461px;bottom:1084px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">on a recurring basis: </div><div class=\"t s4_171\" id=\"t1l_171\" style=\"left:461px;bottom:1061px;display:inline;\">\u2022 </div><div class=\"t s1_171\" id=\"t1m_171\" style=\"left:470px;bottom:1061px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">Financial assets and liabilities measured at FVTPL; </div><div class=\"t s4_171\" id=\"t1n_171\" style=\"left:461px;bottom:1042px;display:inline;\">\u2022 </div><div class=\"t s1_171\" id=\"t1o_171\" style=\"left:470px;bottom:1042px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">Financial assets measured at FVOCI; and </div><div class=\"t s4_171\" id=\"t1p_171\" style=\"left:461px;bottom:1023px;display:inline;\">\u2022 </div><div class=\"t s2_171\" id=\"t1q_171\" style=\"left:470px;bottom:1023px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Derivative financial instruments. </div><div class=\"t s1_171\" id=\"t1r_171\" style=\"left:461px;bottom:1000px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Other assets are measured at fair value when impaired or </div><div class=\"t s2_171\" id=\"t1s_171\" style=\"left:461px;bottom:985px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">re-measured on classification as held </div><div class=\"t s1_171\" id=\"t1t_171\" style=\"left:672px;bottom:985px;letter-spacing:-0.1px;word-spacing:-0.06px;display:inline;\">for sale by reference to fair </div><div class=\"t s1_171\" id=\"t1u_171\" style=\"left:461px;bottom:970px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">value less costs of disposal. </div><div class=\"t s1_171\" id=\"t1v_171\" style=\"left:461px;bottom:947px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">Fair value is the price that would be received to sell an asset or </div><div class=\"t s1_171\" id=\"t1w_171\" style=\"left:461px;bottom:932px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">paid to transfer a liability in an orderly transaction between market </div><div class=\"t s1_171\" id=\"t1x_171\" style=\"left:461px;bottom:916px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">participants. Fair value is measured by reference to the principal </div><div class=\"t s1_171\" id=\"t1y_171\" style=\"left:461px;bottom:901px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">market for the asset or liability assuming that market participants </div><div class=\"t s1_171\" id=\"t1z_171\" style=\"left:461px;bottom:886px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">act in their economic best interests. </div><div class=\"t s1_171\" id=\"t20_171\" style=\"left:461px;bottom:863px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">The fair value of a non-</div><div class=\"t s2_171\" id=\"t21_171\" style=\"left:587px;bottom:863px;letter-spacing:-0.02px;word-spacing:-0.13px;display:inline;\">financial asset assumes the asset is used </div><div class=\"t s1_171\" id=\"t22_171\" style=\"left:461px;bottom:848px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">in its highest and best use, either through continuing ownership </div><div class=\"t s1_171\" id=\"t23_171\" style=\"left:461px;bottom:832px;letter-spacing:-0.09px;word-spacing:-0.07px;display:inline;\">or by selling it. </div><div class=\"t s1_171\" id=\"t24_171\" style=\"left:461px;bottom:809px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The Group uses valuation techniques that maximise the use of </div><div class=\"t s1_171\" id=\"t25_171\" style=\"left:461px;bottom:794px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">relevant observable inputs using the following valuation hierarchy: </div><div class=\"t s1_171\" id=\"t26_171\" style=\"left:461px;bottom:771px;letter-spacing:-0.13px;word-spacing:-0.03px;display:inline;\">Level 1: </div><div class=\"t s1_171\" id=\"t27_171\" style=\"left:507px;bottom:771px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Quoted (unadjusted) prices in active markets for identical </div><div class=\"t s1_171\" id=\"t28_171\" style=\"left:507px;bottom:756px;letter-spacing:-0.05px;word-spacing:-0.11px;display:inline;\">assets or liabilities. </div><div class=\"t s1_171\" id=\"t29_171\" style=\"left:461px;bottom:733px;letter-spacing:-0.12px;word-spacing:-0.04px;display:inline;\">Level 2: </div><div class=\"t s1_171\" id=\"t2a_171\" style=\"left:507px;bottom:733px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Other techniques for which all inputs which have a </div><div class=\"t s2_171\" id=\"t2b_171\" style=\"left:507px;bottom:718px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">significant e\ufb00ect on the recorded </div><div class=\"t s1_171\" id=\"t2c_171\" style=\"left:696px;bottom:718px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">fair value are observable, </div><div class=\"t s1_171\" id=\"t2d_171\" style=\"left:507px;bottom:702px;letter-spacing:-0.1px;word-spacing:-0.06px;display:inline;\">either directly or indirectly. </div><div class=\"t s1_171\" id=\"t2e_171\" style=\"left:461px;bottom:680px;letter-spacing:-0.11px;word-spacing:-0.05px;display:inline;\">Level 3: </div><div class=\"t s2_171\" id=\"t2f_171\" style=\"left:507px;bottom:680px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Techniques which use inputs which have a significant e\ufb00ect </div><div class=\"t s1_171\" id=\"t2g_171\" style=\"left:507px;bottom:664px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">on the recorded fair value that are not based on observable </div><div class=\"t s1_171\" id=\"t2h_171\" style=\"left:507px;bottom:649px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">market data. </div><div class=\"t s1_171\" id=\"t2i_171\" style=\"left:461px;bottom:626px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">For assets and liabilities measured at fair value on a recurring basis, </div><div class=\"t s1_171\" id=\"t2j_171\" style=\"left:461px;bottom:611px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">the Group determines whether transfers have occurred between </div><div class=\"t s1_171\" id=\"t2k_171\" style=\"left:461px;bottom:596px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">levels in the hierarchy by reassessing categorisation (based on the </div><div class=\"t s2_171\" id=\"t2l_171\" style=\"left:461px;bottom:580px;letter-spacing:-0.08px;word-spacing:-0.08px;display:inline;\">lowest level input that is significant to the </div><div class=\"t s1_171\" id=\"t2m_171\" style=\"left:694px;bottom:580px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">fair value measurement </div><div class=\"t s1_171\" id=\"t2n_171\" style=\"left:461px;bottom:565px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">as a whole) at the end of each reporting period. </div><div class=\"t s1_171\" id=\"t2o_171\" style=\"left:461px;bottom:542px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Further disclosures on the particular valuation techniques used </div><div class=\"t s1_171\" id=\"t2p_171\" style=\"left:461px;bottom:527px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">by the Group are provided in note 25. </div><div class=\"t s2_171\" id=\"t2q_171\" style=\"left:461px;bottom:504px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Where significant assets, such as property, are valued by re</div><div class=\"t s1_171\" id=\"t2r_171\" style=\"left:790px;bottom:504px;letter-spacing:-0.04px;display:inline;\">ference </div><div class=\"t s1_171\" id=\"t2s_171\" style=\"left:461px;bottom:489px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">to fair value less costs of disposal, an external valuation will normally </div><div class=\"t s1_171\" id=\"t2t_171\" style=\"left:461px;bottom:473px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">be obtained using professional valuers who have appropriate market </div><div class=\"t s1_171\" id=\"t2u_171\" style=\"left:461px;bottom:458px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">knowledge, reputation and independence. </div><div class=\"t s5_171\" id=\"t2v_171\" style=\"left:461px;bottom:435px;letter-spacing:0.02px;word-spacing:-0.16px;display:inline;\">O\ufb00setting of </div><div class=\"t s0_171\" id=\"t2w_171\" style=\"left:537px;bottom:435px;word-spacing:-0.15px;display:inline;\">financial assets and financial liabilities </div><div class=\"t s2_171\" id=\"t2x_171\" style=\"left:461px;bottom:420px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Financial assets and financial liabilities are o\ufb00set and the net amount </div><div class=\"t s1_171\" id=\"t2y_171\" style=\"left:461px;bottom:405px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">is reported in the Group statement of </div><div class=\"t s2_171\" id=\"t2z_171\" style=\"left:671px;bottom:405px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">financial position i</div><div class=\"t s1_171\" id=\"t30_171\" style=\"left:772px;bottom:405px;letter-spacing:-0.1px;word-spacing:-0.06px;display:inline;\">f there is </div><div class=\"t s1_171\" id=\"t31_171\" style=\"left:461px;bottom:389px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">a currently enforceable legal right to o\ufb00set the recognised amounts </div><div class=\"t s1_171\" id=\"t32_171\" style=\"left:461px;bottom:374px;letter-spacing:-0.14px;word-spacing:-0.1px;display:inline;\">and there is an intention to settle on a net basis or to realise the assets </div><div class=\"t s1_171\" id=\"t33_171\" style=\"left:461px;bottom:359px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">and settle the liabilities simultaneously. To meet these criteria, the </div><div class=\"t s1_171\" id=\"t34_171\" style=\"left:461px;bottom:343px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">right of set-o\ufb00 must not be contingent on a future event and must be </div><div class=\"t s1_171\" id=\"t35_171\" style=\"left:461px;bottom:328px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">legally enforceable in all of the following circumstances: the normal </div><div class=\"t s1_171\" id=\"t36_171\" style=\"left:461px;bottom:313px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">course of business; the event of default; and the event of insolvency </div><div class=\"t s1_171\" id=\"t37_171\" style=\"left:461px;bottom:298px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">or bankruptcy of the Group and all of the counterparties. </div><div class=\"t s4_171\" id=\"t38_171\" style=\"left:65px;bottom:31px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\"> </div><div class=\"t m0_171 s6_171\" id=\"t39_171\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t s4_171\" id=\"t3a_171\" style=\"left:825px;bottom:31px;letter-spacing:0.08px;display:inline;\"></div><div></div><div class=\"t s0_172\" id=\"t1_172\" style=\"left:65px;bottom:1115px;letter-spacing:-0.2px;display:inline;\">Taxes </div><div class=\"t s1_172\" id=\"t2_172\" style=\"left:65px;bottom:1100px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Current tax </div><div class=\"t s2_172\" id=\"t3_172\" style=\"left:65px;bottom:1084px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Current income tax assets and liabilities for the current and prior </div><div class=\"t s2_172\" id=\"t4_172\" style=\"left:65px;bottom:1069px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">periods are measured at the amount expected to be recovered </div><div class=\"t s2_172\" id=\"t5_172\" style=\"left:65px;bottom:1054px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">from, or paid to, the tax authorities. The tax rates and tax laws used </div><div class=\"t s2_172\" id=\"t6_172\" style=\"left:65px;bottom:1039px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">to compute the amount are those that are enacted or substantively </div><div class=\"t s2_172\" id=\"t7_172\" style=\"left:65px;bottom:1023px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">enacted at the end of the reporting period. </div><div class=\"t s2_172\" id=\"t8_172\" style=\"left:65px;bottom:1000px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">The calculation of the Group\u2019s current tax charge involves </div><div class=\"t s2_172\" id=\"t9_172\" style=\"left:65px;bottom:985px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">consideration of applicable tax laws and regulations in many </div><div class=\"t s2_172\" id=\"ta_172\" style=\"left:65px;bottom:970px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">jurisdictions throughout the world. From time to time, the Group </div><div class=\"t s2_172\" id=\"tb_172\" style=\"left:65px;bottom:955px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">is subject to tax audits and uncertainties in these jurisdictions. </div><div class=\"t s2_172\" id=\"tc_172\" style=\"left:65px;bottom:939px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The issues involved can be complex and audits may take a number </div><div class=\"t s2_172\" id=\"td_172\" style=\"left:65px;bottom:924px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">of years to conclude. Where the interpretation of local tax law is not </div><div class=\"t s2_172\" id=\"te_172\" style=\"left:65px;bottom:909px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">clear, management relies on judgement and accounting estimates </div><div class=\"t s2_172\" id=\"tf_172\" style=\"left:65px;bottom:893px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">to ensure all uncertain tax positions are adequately provided for </div><div class=\"t s2_172\" id=\"tg_172\" style=\"left:65px;bottom:878px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">in the Group Financial Statements, in accordance with IFRIC 23 </div><div class=\"t s2_172\" id=\"th_172\" style=\"left:65px;bottom:863px;letter-spacing:-0.09px;word-spacing:-0.05px;display:inline;\">\u2018Uncertainty over Income Tax Treatments\u2019, representing the Group\u2019s </div><div class=\"t s2_172\" id=\"ti_172\" style=\"left:65px;bottom:848px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">view of the most likely outcome or, where multiple issues are </div><div class=\"t s2_172\" id=\"tj_172\" style=\"left:65px;bottom:832px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">considered likely to be settled together, the probability weighted </div><div class=\"t s2_172\" id=\"tk_172\" style=\"left:65px;bottom:817px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">amounts of the range of possible outcomes. </div><div class=\"t s2_172\" id=\"tl_172\" style=\"left:65px;bottom:794px;letter-spacing:-0.14px;word-spacing:-0.07px;display:inline;\">This may involve consideration of some or all of the following factors: </div><div class=\"t s1_172\" id=\"tm_172\" style=\"left:65px;bottom:771px;display:inline;\">\u2022 </div><div class=\"t s2_172\" id=\"tn_172\" style=\"left:74px;bottom:771px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">strength of technical argument, impact of case law and clarity </div><div class=\"t s2_172\" id=\"to_172\" style=\"left:74px;bottom:756px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">of legislation; </div><div class=\"t s1_172\" id=\"tp_172\" style=\"left:65px;bottom:737px;display:inline;\">\u2022 </div><div class=\"t s2_172\" id=\"tq_172\" style=\"left:74px;bottom:737px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">professional advice; </div><div class=\"t s1_172\" id=\"tr_172\" style=\"left:65px;bottom:718px;display:inline;\">\u2022 </div><div class=\"t s2_172\" id=\"ts_172\" style=\"left:74px;bottom:718px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">experience of interactions, and precedents set, with the particular </div><div class=\"t s2_172\" id=\"tt_172\" style=\"left:74px;bottom:702px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">taxing authority; and </div><div class=\"t s1_172\" id=\"tu_172\" style=\"left:65px;bottom:683px;display:inline;\">\u2022 </div><div class=\"t s2_172\" id=\"tv_172\" style=\"left:74px;bottom:683px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">agreements previously reached in other jurisdictions on </div><div class=\"t s2_172\" id=\"tw_172\" style=\"left:74px;bottom:668px;letter-spacing:0.01px;word-spacing:-0.14px;display:inline;\">comparable issues. </div><div class=\"t s2_172\" id=\"tx_172\" style=\"left:65px;bottom:645px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The Group has applied the exception to recognising and disclosing </div><div class=\"t s2_172\" id=\"ty_172\" style=\"left:65px;bottom:630px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">information about deferred tax assets and liabilities related to </div><div class=\"t s2_172\" id=\"tz_172\" style=\"left:65px;bottom:615px;letter-spacing:-0.1px;word-spacing:-0.05px;display:inline;\">Pillar Two income taxes. </div><div class=\"t s1_172\" id=\"t10_172\" style=\"left:65px;bottom:592px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Deferred tax </div><div class=\"t s2_172\" id=\"t11_172\" style=\"left:65px;bottom:576px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Deferred tax assets and liabilities arise and are generally recognised </div><div class=\"t s2_172\" id=\"t12_172\" style=\"left:65px;bottom:561px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">in respect of temporary di\ufb00erences between the tax base and </div><div class=\"t s2_172\" id=\"t13_172\" style=\"left:65px;bottom:546px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">carrying value of assets and liabilities. </div><div class=\"t s2_172\" id=\"t14_172\" style=\"left:65px;bottom:523px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Deferred tax is calculated at the tax rates that are expected to apply </div><div class=\"t s2_172\" id=\"t15_172\" style=\"left:65px;bottom:508px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">in the periods in which the asset is released or the liability will be </div><div class=\"t s2_172\" id=\"t16_172\" style=\"left:65px;bottom:492px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">settled, based on tax rates and laws enacted or substantively </div><div class=\"t s2_172\" id=\"t17_172\" style=\"left:65px;bottom:477px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">enacted at the end of the reporting period. </div><div class=\"t s2_172\" id=\"t18_172\" style=\"left:65px;bottom:454px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Judgement is used when assessing the extent to which deferred tax </div><div class=\"t s2_172\" id=\"t19_172\" style=\"left:65px;bottom:439px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">assets, particularly in respect of tax losses, should be recognised. </div><div class=\"t s2_172\" id=\"t1a_172\" style=\"left:65px;bottom:424px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Deferred tax assets are only recognised to the extent that it is </div><div class=\"t s3_172\" id=\"t1b_172\" style=\"left:65px;bottom:408px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">regarded as probable that there will be su\ufb00icient and suitable </div><div class=\"t s3_172\" id=\"t1c_172\" style=\"left:65px;bottom:393px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">taxable profits or de</div><div class=\"t s2_172\" id=\"t1d_172\" style=\"left:177px;bottom:393px;letter-spacing:-0.08px;word-spacing:-0.08px;display:inline;\">ferred tax liabilities in the relevant legal entity </div><div class=\"t s2_172\" id=\"t1e_172\" style=\"left:65px;bottom:378px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">or tax group against which such assets can be utilised in the future. </div><div class=\"t s2_172\" id=\"t1f_172\" style=\"left:65px;bottom:363px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">For this purpose, forecasts of future pro</div><div class=\"t s3_172\" id=\"t1g_172\" style=\"left:286px;bottom:363px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">fits are considered by </div><div class=\"t s2_172\" id=\"t1h_172\" style=\"left:65px;bottom:347px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">assessing estimated future cash </div><div class=\"t s3_172\" id=\"t1i_172\" style=\"left:247px;bottom:347px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">flows, consistent with those </div><div class=\"t s2_172\" id=\"t1j_172\" style=\"left:65px;bottom:332px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">disclosed on page 161 within \u2018Going concern\u2019. Tax assumptions </div><div class=\"t s3_172\" id=\"t1k_172\" style=\"left:65px;bottom:317px;letter-spacing:-0.09px;word-spacing:-0.07px;display:inline;\">are overlaid to these profit </div><div class=\"t s2_172\" id=\"t1l_172\" style=\"left:214px;bottom:317px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">forecasts to estimate the future </div><div class=\"t s3_172\" id=\"t1m_172\" style=\"left:65px;bottom:301px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">taxable profits. </div><div class=\"t s2_172\" id=\"t1n_172\" style=\"left:65px;bottom:279px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Deferred tax is not provided on temporary di\ufb00erences arising on </div><div class=\"t s2_172\" id=\"t1o_172\" style=\"left:65px;bottom:263px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">investments in subsidiaries where the Group is able to control the </div><div class=\"t s2_172\" id=\"t1p_172\" style=\"left:65px;bottom:248px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">timing of the reversal and it is probable that the temporary </div><div class=\"t s2_172\" id=\"t1q_172\" style=\"left:65px;bottom:233px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">di\ufb00erence will not reverse in the foreseeable future. </div><div class=\"t s2_172\" id=\"t1r_172\" style=\"left:65px;bottom:210px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Where deferred tax assets and liabilities arise in the same entity, or </div><div class=\"t s2_172\" id=\"t1s_172\" style=\"left:65px;bottom:195px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">group of entities, and there would be a legal right to o\ufb00set the assets </div><div class=\"t s2_172\" id=\"t1t_172\" style=\"left:65px;bottom:179px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">and liabilities were they to reverse, the assets and liabilities are also </div><div class=\"t s2_172\" id=\"t1u_172\" style=\"left:65px;bottom:164px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">o\ufb00set in the Group statement of </div><div class=\"t s3_172\" id=\"t1v_172\" style=\"left:246px;bottom:164px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">financial position. </div><div class=\"t s0_172\" id=\"t1w_172\" style=\"left:461px;bottom:1115px;letter-spacing:0.01px;word-spacing:-0.15px;display:inline;\">Retirement benefits </div><div class=\"t s4_172\" id=\"t1x_172\" style=\"left:461px;bottom:1100px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">Defined contribution plans </div><div class=\"t s3_172\" id=\"t1y_172\" style=\"left:461px;bottom:1084px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Payments to defined contribution plans are charged to the Group </div><div class=\"t s2_172\" id=\"t1z_172\" style=\"left:461px;bottom:1069px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">income statement as they fall due. </div><div class=\"t s4_172\" id=\"t20_172\" style=\"left:461px;bottom:1046px;letter-spacing:0.02px;word-spacing:-0.16px;display:inline;\">Defined benefit plans </div><div class=\"t s2_172\" id=\"t21_172\" style=\"left:461px;bottom:1031px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Plan assets are measured at fair value and plan liabilities are </div><div class=\"t s2_172\" id=\"t22_172\" style=\"left:461px;bottom:1016px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">measured on an actuarial basis using the projected unit credit </div><div class=\"t s2_172\" id=\"t23_172\" style=\"left:461px;bottom:1000px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">method, discounted at an interest rate equivalent to the current rate </div><div class=\"t s2_172\" id=\"t24_172\" style=\"left:461px;bottom:985px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">of return on a high-quality corporate bond of equivalent currency </div><div class=\"t s2_172\" id=\"t25_172\" style=\"left:461px;bottom:970px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">and term to the plan liabilities. The di\ufb00erence between the value </div><div class=\"t s2_172\" id=\"t26_172\" style=\"left:461px;bottom:955px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">of plan assets and liabilities at the period-end date is the amount </div><div class=\"t s2_172\" id=\"t27_172\" style=\"left:461px;bottom:939px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">of surplus or de</div><div class=\"t s3_172\" id=\"t28_172\" style=\"left:548px;bottom:939px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">ficit recorded in the Group statement o</div><div class=\"t s2_172\" id=\"t29_172\" style=\"left:766px;bottom:939px;display:inline;\">f </div><div class=\"t s3_172\" id=\"t2a_172\" style=\"left:773px;bottom:939px;letter-spacing:-0.03px;display:inline;\">financial </div><div class=\"t s2_172\" id=\"t2b_172\" style=\"left:461px;bottom:924px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">position as an asset or liability. An asset is recognised when the </div><div class=\"t s2_172\" id=\"t2c_172\" style=\"left:461px;bottom:909px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">employer has an unconditional right to use the surplus at some </div><div class=\"t s2_172\" id=\"t2d_172\" style=\"left:461px;bottom:893px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">point during the life of the plan or on its wind-up. </div><div class=\"t s2_172\" id=\"t2e_172\" style=\"left:461px;bottom:871px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">The service cost of providing pension bene</div><div class=\"t s3_172\" id=\"t2f_172\" style=\"left:702px;bottom:871px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">fits to employees, </div><div class=\"t s2_172\" id=\"t2g_172\" style=\"left:461px;bottom:855px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">together with the net interest expense or income for the year, </div><div class=\"t s2_172\" id=\"t2h_172\" style=\"left:461px;bottom:840px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">is charged to the Group income statement within administrative </div><div class=\"t s2_172\" id=\"t2i_172\" style=\"left:461px;bottom:825px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">expenses. Net interest is calculated by applying the discount rate </div><div class=\"t s3_172\" id=\"t2j_172\" style=\"left:461px;bottom:809px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">to the net defined benefit asset or liability, a</div><div class=\"t s2_172\" id=\"t2k_172\" style=\"left:704px;bottom:809px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">fter any asset restriction. </div><div class=\"t s2_172\" id=\"t2l_172\" style=\"left:461px;bottom:787px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Re-measurements comprise actuarial gains and losses, the return </div><div class=\"t s2_172\" id=\"t2m_172\" style=\"left:461px;bottom:771px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">on plan assets and changes in the amount of any asset restrictions. </div><div class=\"t s2_172\" id=\"t2n_172\" style=\"left:461px;bottom:756px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Actuarial gains and losses may result from di\ufb00erences between </div><div class=\"t s2_172\" id=\"t2o_172\" style=\"left:461px;bottom:741px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">the actuarial assumptions underlying the plan liabilities and actual </div><div class=\"t s2_172\" id=\"t2p_172\" style=\"left:461px;bottom:725px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">experience during the year or changes in the actuarial assumptions </div><div class=\"t s2_172\" id=\"t2q_172\" style=\"left:461px;bottom:710px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">used in the valuation of the plan liabilities. Re-measurement gains </div><div class=\"t s2_172\" id=\"t2r_172\" style=\"left:461px;bottom:695px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">and losses, and taxation thereon, are recognised in other </div><div class=\"t s3_172\" id=\"t2s_172\" style=\"left:461px;bottom:680px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">comprehensive income and are not reclassified to profit or loss </div><div class=\"t s2_172\" id=\"t2t_172\" style=\"left:461px;bottom:664px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">in subsequent periods. </div><div class=\"t s2_172\" id=\"t2u_172\" style=\"left:461px;bottom:641px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Actuarial valuations are carried out on a regular basis and are </div><div class=\"t s2_172\" id=\"t2v_172\" style=\"left:461px;bottom:626px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">updated for material transactions and other material changes in </div><div class=\"t s2_172\" id=\"t2w_172\" style=\"left:461px;bottom:611px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">circumstances (including changes in market prices and interest </div><div class=\"t s2_172\" id=\"t2x_172\" style=\"left:461px;bottom:596px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">rates) up to the end of the reporting period. </div><div class=\"t s5_172\" id=\"t2y_172\" style=\"left:461px;bottom:573px;letter-spacing:0.03px;word-spacing:-0.16px;display:inline;\">Deferred compensation plan </div><div class=\"t s2_172\" id=\"t2z_172\" style=\"left:461px;bottom:557px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">The Group operates a deferred compensation plan in the US which </div><div class=\"t s2_172\" id=\"t30_172\" style=\"left:461px;bottom:542px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">allows certain employees to make additional provision for retirement </div><div class=\"t s2_172\" id=\"t31_172\" style=\"left:461px;bottom:527px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">through the deferral of salary with matching company contributions </div><div class=\"t s2_172\" id=\"t32_172\" style=\"left:461px;bottom:512px;letter-spacing:-0.07px;word-spacing:-0.09px;display:inline;\">within a dedicated trust. The related assets and liabilities are </div><div class=\"t s2_172\" id=\"t33_172\" style=\"left:461px;bottom:496px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">recognised in the Group statement of </div><div class=\"t s3_172\" id=\"t34_172\" style=\"left:674px;bottom:496px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">financial position. The Group\u2019s </div><div class=\"t s2_172\" id=\"t35_172\" style=\"left:461px;bottom:481px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">obligation to employees under the plan is limited to the fair value of </div><div class=\"t s2_172\" id=\"t36_172\" style=\"left:461px;bottom:466px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">assets held by the plan and so the assets and liabilities are valued at </div><div class=\"t s3_172\" id=\"t37_172\" style=\"left:461px;bottom:450px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">the same amount, with no net impact on profit or loss. </div><div class=\"t s0_172\" id=\"t38_172\" style=\"left:461px;bottom:427px;letter-spacing:0.05px;word-spacing:-0.17px;display:inline;\">Share-based payments </div><div class=\"t s2_172\" id=\"t39_172\" style=\"left:461px;bottom:412px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">The cost of equity-settled share-based payment transactions with </div><div class=\"t s2_172\" id=\"t3a_172\" style=\"left:461px;bottom:397px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">employees is measured by reference to fair value at the date at </div><div class=\"t s2_172\" id=\"t3b_172\" style=\"left:461px;bottom:382px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">which the right to the shares is granted. Fair value is determined </div><div class=\"t s2_172\" id=\"t3c_172\" style=\"left:461px;bottom:366px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">by an external valuer using option pricing models. </div><div class=\"t s2_172\" id=\"t3d_172\" style=\"left:461px;bottom:343px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">The cost of equity-settled share-based payment transactions is </div><div class=\"t s2_172\" id=\"t3e_172\" style=\"left:461px;bottom:328px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">recognised, together with a corresponding increase in equity, </div><div class=\"t s2_172\" id=\"t3f_172\" style=\"left:461px;bottom:313px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">over the period in which any performance or service conditions </div><div class=\"t s2_172\" id=\"t3g_172\" style=\"left:461px;bottom:298px;letter-spacing:-0.12px;word-spacing:-0.04px;display:inline;\">are ful</div><div class=\"t s3_172\" id=\"t3h_172\" style=\"left:496px;bottom:298px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">filled, ending on the date on which the relevant employees </div><div class=\"t s2_172\" id=\"t3i_172\" style=\"left:461px;bottom:282px;letter-spacing:-0.1px;word-spacing:-0.05px;display:inline;\">become fully entitled to the award (vesting date). </div><div class=\"t s2_172\" id=\"t3j_172\" style=\"left:461px;bottom:259px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The Group income statement charge represents the movement in </div><div class=\"t s2_172\" id=\"t3k_172\" style=\"left:461px;bottom:244px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">cumulative expense recognised at the beginning and end of that </div><div class=\"t s2_172\" id=\"t3l_172\" style=\"left:461px;bottom:229px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">year. No expense is recognised for awards that do not ultimately </div><div class=\"t s2_172\" id=\"t3m_172\" style=\"left:461px;bottom:214px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">vest, except for awards where vesting is conditional upon a market </div><div class=\"t s2_172\" id=\"t3n_172\" style=\"left:461px;bottom:198px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">or non-vesting condition, which are treated as vesting irrespective </div><div class=\"t s2_172\" id=\"t3o_172\" style=\"left:461px;bottom:183px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">of whether or not the market or non-vesting condition is satis</div><div class=\"t s3_172\" id=\"t3p_172\" style=\"left:800px;bottom:183px;letter-spacing:-0.01px;display:inline;\">fied, </div><div class=\"t s2_172\" id=\"t3q_172\" style=\"left:461px;bottom:168px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">provided that all other performance and/or service conditions </div><div class=\"t s3_172\" id=\"t3r_172\" style=\"left:461px;bottom:152px;letter-spacing:-0.04px;word-spacing:-0.12px;display:inline;\">are satisfied. </div><div class=\"t s0_172\" id=\"t3s_172\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t s1_172\" id=\"t3t_172\" style=\"left:65px;bottom:31px;letter-spacing:-0.19px;display:inline;\"></div><div></div><div class=\"t s0_173\" id=\"t1_173\" style=\"left:65px;bottom:1115px;letter-spacing:-0.02px;display:inline;\">Provisions </div><div class=\"t s1_173\" id=\"t2_173\" style=\"left:65px;bottom:1100px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Provisions are recognised when the Group has a present obligation </div><div class=\"t s1_173\" id=\"t3_173\" style=\"left:65px;bottom:1084px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">as a result of a past event, it is probable that a payment will be made </div><div class=\"t s1_173\" id=\"t4_173\" style=\"left:65px;bottom:1069px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">and a reliable estimate of the amount payable can be made. If the </div><div class=\"t s1_173\" id=\"t5_173\" style=\"left:65px;bottom:1054px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">e\ufb00ect of the time value of money is material, the provision is </div><div class=\"t s2_173\" id=\"t6_173\" style=\"left:65px;bottom:1039px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">discounted using a current pre-tax discount rate that reflects the </div><div class=\"t s2_173\" id=\"t7_173\" style=\"left:65px;bottom:1023px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">risks specific to the liability. No amounts are currently discounted. </div><div class=\"t s3_173\" id=\"t8_173\" style=\"left:65px;bottom:1000px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Commercial litigation and disputes </div><div class=\"t s1_173\" id=\"t9_173\" style=\"left:65px;bottom:985px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">A provision is made when management consider it probable that </div><div class=\"t s1_173\" id=\"ta_173\" style=\"left:65px;bottom:970px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">payment may occur and the amount can be reliably estimated even </div><div class=\"t s1_173\" id=\"tb_173\" style=\"left:65px;bottom:955px;letter-spacing:-0.07px;word-spacing:-0.1px;display:inline;\">though the defence of the related claim may still be ongoing through </div><div class=\"t s1_173\" id=\"tc_173\" style=\"left:65px;bottom:939px;word-spacing:-0.14px;display:inline;\">the court process. </div><div class=\"t s3_173\" id=\"td_173\" style=\"left:65px;bottom:916px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">Self insurance reserves </div><div class=\"t s1_173\" id=\"te_173\" style=\"left:65px;bottom:901px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">The Group holds insurance policies with third-party insurers </div><div class=\"t s1_173\" id=\"tf_173\" style=\"left:65px;bottom:886px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">against certain risks relating to its corporate operations and owned </div><div class=\"t s1_173\" id=\"tg_173\" style=\"left:65px;bottom:871px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">and leased properties. Certain risks are reinsured through the </div><div class=\"t s1_173\" id=\"th_173\" style=\"left:65px;bottom:855px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">Group\u2019s captive insurance company (the \u2018Captive\u2019), SCH Insurance </div><div class=\"t s1_173\" id=\"ti_173\" style=\"left:65px;bottom:840px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">Company. This reduces the cost of insurance to the Group. </div><div class=\"t s1_173\" id=\"tj_173\" style=\"left:65px;bottom:817px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">For both the Group\u2019s self insurance provisions and its external </div><div class=\"t s1_173\" id=\"tk_173\" style=\"left:65px;bottom:802px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">insurance obligations, in addition to the Captive obtaining regulatory </div><div class=\"t s1_173\" id=\"tl_173\" style=\"left:65px;bottom:786px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">approval, each line of insurance is subject to review and approval by </div><div class=\"t s1_173\" id=\"tm_173\" style=\"left:65px;bottom:771px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">the Insurance Executive Sub-Committee. The level of retained risk </div><div class=\"t s1_173\" id=\"tn_173\" style=\"left:65px;bottom:756px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">and expected loss is reviewed annually to balance the level of risk </div><div class=\"t s1_173\" id=\"to_173\" style=\"left:65px;bottom:741px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">against external risk transfer costs. </div><div class=\"t s1_173\" id=\"tp_173\" style=\"left:65px;bottom:718px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Insurance reserves are held principally in the Captive. They are </div><div class=\"t s2_173\" id=\"tq_173\" style=\"left:65px;bottom:702px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">established using independent actuarial assessments, which reflect </div><div class=\"t s1_173\" id=\"tr_173\" style=\"left:65px;bottom:687px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">current expectations of the future economic outlook, or are based </div><div class=\"t s1_173\" id=\"ts_173\" style=\"left:65px;bottom:672px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">on past claims experience provided by third parties. </div><div class=\"t s1_173\" id=\"tt_173\" style=\"left:65px;bottom:649px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Amounts utilised are principally paid to third-party insurers or </div><div class=\"t s1_173\" id=\"tu_173\" style=\"left:65px;bottom:634px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">dedicated claims handlers for subsequent settlement with the </div><div class=\"t s1_173\" id=\"tv_173\" style=\"left:65px;bottom:618px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">claimant. In order to protect the third-party insurer against the </div><div class=\"t s1_173\" id=\"tw_173\" style=\"left:65px;bottom:603px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">solvency risk of the Captive, the Group has outstanding letters </div><div class=\"t s1_173\" id=\"tx_173\" style=\"left:65px;bottom:588px;letter-spacing:-0.1px;word-spacing:-0.05px;display:inline;\">of credit (see note 30). </div><div class=\"t s0_173\" id=\"ty_173\" style=\"left:65px;bottom:565px;letter-spacing:0.05px;display:inline;\">Insurance </div><div class=\"t s1_173\" id=\"tz_173\" style=\"left:65px;bottom:550px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">The Group has applied IFRS 17 for the </div><div class=\"t s2_173\" id=\"t10_173\" style=\"left:275px;bottom:550px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">first time in 2023. IFRS 17 </div><div class=\"t s1_173\" id=\"t11_173\" style=\"left:65px;bottom:534px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">introduces a new measurement and disclosure model for insurance </div><div class=\"t s1_173\" id=\"t12_173\" style=\"left:65px;bottom:519px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">contract arrangements. The Group has applied these changes </div><div class=\"t s1_173\" id=\"t13_173\" style=\"left:65px;bottom:504px;letter-spacing:-0.1px;display:inline;\">retrospectively. </div><div class=\"t s1_173\" id=\"t14_173\" style=\"left:65px;bottom:481px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The Group\u2019s insurance reserves relating to managed hotels </div><div class=\"t s1_173\" id=\"t15_173\" style=\"left:65px;bottom:466px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">(previously included within provisions) are now included in the </div><div class=\"t s1_173\" id=\"t16_173\" style=\"left:65px;bottom:450px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Group statement of </div><div class=\"t s2_173\" id=\"t17_173\" style=\"left:177px;bottom:450px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">financial position as insurance liabilities. </div><div class=\"t s1_173\" id=\"t18_173\" style=\"left:65px;bottom:435px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Insurance liabilities include both claims which are incurred but </div><div class=\"t s1_173\" id=\"t19_173\" style=\"left:65px;bottom:420px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">not reported (\u2018IBNR\u2019) and those reported but not yet settled. </div><div class=\"t s1_173\" id=\"t1a_173\" style=\"left:65px;bottom:405px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Reserves are established using IFRS 17\u2019s premium allocation </div><div class=\"t s1_173\" id=\"t1b_173\" style=\"left:65px;bottom:389px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">approach, as all policies have a duration of 12 months or less, </div><div class=\"t s2_173\" id=\"t1c_173\" style=\"left:65px;bottom:374px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">and incorporate independent actuarial assessments which reflect </div><div class=\"t s1_173\" id=\"t1d_173\" style=\"left:65px;bottom:359px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">current expectations of the future economic outlook and past </div><div class=\"t s1_173\" id=\"t1e_173\" style=\"left:65px;bottom:343px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">claims experience. </div><div class=\"t s1_173\" id=\"t1f_173\" style=\"left:65px;bottom:321px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">The Group assesses other arrangements with guarantees and </div><div class=\"t s1_173\" id=\"t1g_173\" style=\"left:65px;bottom:305px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">similar features to determine whether an insurance contract exists. </div><div class=\"t s2_173\" id=\"t1h_173\" style=\"left:65px;bottom:290px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">No material contracts have been identified to date. </div><div class=\"t s1_173\" id=\"t1i_173\" style=\"left:65px;bottom:267px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">Insurance revenue and insurance expenses are presented separately </div><div class=\"t s1_173\" id=\"t1j_173\" style=\"left:65px;bottom:252px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">within the Group income statement. Insurance revenue comprises </div><div class=\"t s1_173\" id=\"t1k_173\" style=\"left:65px;bottom:236px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">reinsurance premiums which are recognised over the period of </div><div class=\"t s1_173\" id=\"t1l_173\" style=\"left:65px;bottom:221px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">coverage; insurance expenses comprise the cost of claims and </div><div class=\"t s1_173\" id=\"t1m_173\" style=\"left:65px;bottom:206px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">associated expenses. The e\ufb00ect of discounting is immaterial. </div><div class=\"t s0_173\" id=\"t1n_173\" style=\"left:461px;bottom:1115px;letter-spacing:0.03px;word-spacing:-0.17px;display:inline;\">Disposal of non-current assets </div><div class=\"t s1_173\" id=\"t1o_173\" style=\"left:461px;bottom:1100px;letter-spacing:-0.04px;word-spacing:-0.12px;display:inline;\">The Group recognises sales proceeds and any related gain or loss on </div><div class=\"t s1_173\" id=\"t1p_173\" style=\"left:461px;bottom:1084px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">disposal on completion of the sales process. In determining whether </div><div class=\"t s1_173\" id=\"t1q_173\" style=\"left:461px;bottom:1069px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">the gain or loss should be recorded, the Group considers whether it: </div><div class=\"t s3_173\" id=\"t1r_173\" style=\"left:461px;bottom:1046px;display:inline;\">\u2022 </div><div class=\"t s1_173\" id=\"t1s_173\" style=\"left:470px;bottom:1046px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">has a continuing managerial involvement to the degree associated </div><div class=\"t s1_173\" id=\"t1t_173\" style=\"left:470px;bottom:1031px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">with asset ownership; </div><div class=\"t s3_173\" id=\"t1u_173\" style=\"left:461px;bottom:1012px;display:inline;\">\u2022 </div><div class=\"t s1_173\" id=\"t1v_173\" style=\"left:470px;bottom:1012px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">has transferred the signi</div><div class=\"t s2_173\" id=\"t1w_173\" style=\"left:604px;bottom:1012px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">ficant risks and rewards associated with </div><div class=\"t s1_173\" id=\"t1x_173\" style=\"left:470px;bottom:997px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">asset ownership; and </div><div class=\"t s3_173\" id=\"t1y_173\" style=\"left:461px;bottom:977px;display:inline;\">\u2022 </div><div class=\"t s1_173\" id=\"t1z_173\" style=\"left:470px;bottom:977px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">can reliably measure and will actually receive the proceeds. </div><div class=\"t s0_173\" id=\"t20_173\" style=\"left:461px;bottom:955px;letter-spacing:0.01px;word-spacing:-0.15px;display:inline;\">Equity share capital and reserves </div><div class=\"t s3_173\" id=\"t21_173\" style=\"left:461px;bottom:939px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Equity share capital </div><div class=\"t s1_173\" id=\"t22_173\" style=\"left:461px;bottom:924px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Equity share capital includes the total net proceeds (both nominal </div><div class=\"t s1_173\" id=\"t23_173\" style=\"left:461px;bottom:909px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">value and share premium) on issue of the Company\u2019s equity share </div><div class=\"t s1_173\" id=\"t24_173\" style=\"left:461px;bottom:893px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">capital. Share premium represents the amount of proceeds received </div><div class=\"t s1_173\" id=\"t25_173\" style=\"left:461px;bottom:878px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">for shares in excess of their nominal value. </div><div class=\"t s3_173\" id=\"t26_173\" style=\"left:461px;bottom:855px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">Capital redemption reserve </div><div class=\"t s1_173\" id=\"t27_173\" style=\"left:461px;bottom:840px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The capital redemption reserve maintains the nominal value of the </div><div class=\"t s1_173\" id=\"t28_173\" style=\"left:461px;bottom:825px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">equity share capital of the Company when shares are repurchased </div><div class=\"t s1_173\" id=\"t29_173\" style=\"left:461px;bottom:809px;word-spacing:-0.14px;display:inline;\">and cancelled. </div><div class=\"t s3_173\" id=\"t2a_173\" style=\"left:461px;bottom:787px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Shares held by employee share trusts </div><div class=\"t s1_173\" id=\"t2b_173\" style=\"left:461px;bottom:771px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Shares held by employee share trusts comprise ordinary shares </div><div class=\"t s1_173\" id=\"t2c_173\" style=\"left:461px;bottom:756px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">held by employee share trusts. </div><div class=\"t s3_173\" id=\"t2d_173\" style=\"left:461px;bottom:733px;letter-spacing:0.01px;word-spacing:-0.15px;display:inline;\">Other reserves </div><div class=\"t s1_173\" id=\"t2e_173\" style=\"left:461px;bottom:718px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">Other reserves comprise the merger and revaluation reserves </div><div class=\"t s1_173\" id=\"t2f_173\" style=\"left:461px;bottom:702px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">previously recognised under UK GAAP, together with the reserve </div><div class=\"t s1_173\" id=\"t2g_173\" style=\"left:461px;bottom:687px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">arising as a consequence of the Group\u2019s capital reorganisation in </div><div class=\"t s1_173\" id=\"t2h_173\" style=\"left:461px;bottom:672px;letter-spacing:-0.25px;word-spacing:-0.08px;display:inline;\">June 2005. The revaluation reserve relates to the previous revaluations </div><div class=\"t s1_173\" id=\"t2i_173\" style=\"left:461px;bottom:657px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">of property, plant and equipment which were included at deemed </div><div class=\"t s1_173\" id=\"t2j_173\" style=\"left:461px;bottom:641px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">cost on adoption of IFRS. Following the change in presentational </div><div class=\"t s1_173\" id=\"t2k_173\" style=\"left:461px;bottom:626px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">currency to US dollars in 2008, this reserve also includes exchange </div><div class=\"t s1_173\" id=\"t2l_173\" style=\"left:461px;bottom:611px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">di\ufb00erences arising on retranslation to period-end exchange rates of </div><div class=\"t s1_173\" id=\"t2m_173\" style=\"left:461px;bottom:596px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">equity share capital, the capital redemption reserve and shares held </div><div class=\"t s1_173\" id=\"t2n_173\" style=\"left:461px;bottom:580px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">by employee share trusts. </div><div class=\"t s3_173\" id=\"t2o_173\" style=\"left:461px;bottom:557px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">Fair value reserve </div><div class=\"t s1_173\" id=\"t2p_173\" style=\"left:461px;bottom:542px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">The fair value reserve comprises movements in the value of </div><div class=\"t s2_173\" id=\"t2q_173\" style=\"left:794px;bottom:542px;letter-spacing:-0.03px;display:inline;\">financial </div><div class=\"t s1_173\" id=\"t2r_173\" style=\"left:461px;bottom:527px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">assets measured at fair value through other comprehensive income. </div><div class=\"t s4_173\" id=\"t2s_173\" style=\"left:461px;bottom:504px;word-spacing:-0.13px;display:inline;\">Cash flow hedge reserves </div><div class=\"t s2_173\" id=\"t2t_173\" style=\"left:461px;bottom:489px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">The cash flow hedge reserves comprise: </div><div class=\"t s3_173\" id=\"t2u_173\" style=\"left:461px;bottom:466px;display:inline;\">\u2022 </div><div class=\"t s2_173\" id=\"t2v_173\" style=\"left:470px;bottom:466px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Cash flow hedge reserve: the e\ufb00ective portion o</div><div class=\"t s1_173\" id=\"t2w_173\" style=\"left:738px;bottom:466px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">f the cumulative </div><div class=\"t s1_173\" id=\"t2x_173\" style=\"left:470px;bottom:450px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">net change in the fair value of hedging instruments used in cash </div><div class=\"t s2_173\" id=\"t2y_173\" style=\"left:470px;bottom:435px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">flow hedges pending subsequent recognition in profit or loss; and </div><div class=\"t s3_173\" id=\"t2z_173\" style=\"left:461px;bottom:416px;display:inline;\">\u2022 </div><div class=\"t s1_173\" id=\"t30_173\" style=\"left:470px;bottom:416px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Cost of hedging reserve: the gain or loss which is excluded from </div><div class=\"t s1_173\" id=\"t31_173\" style=\"left:470px;bottom:401px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">the designated hedging instrument relating to the foreign currency </div><div class=\"t s1_173\" id=\"t32_173\" style=\"left:470px;bottom:385px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">basis spread of currency swaps. </div><div class=\"t s3_173\" id=\"t33_173\" style=\"left:461px;bottom:363px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Currency translation reserve </div><div class=\"t s1_173\" id=\"t34_173\" style=\"left:461px;bottom:347px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The currency translation reserve comprises the movement in </div><div class=\"t s1_173\" id=\"t35_173\" style=\"left:461px;bottom:332px;letter-spacing:-0.25px;word-spacing:-0.08px;display:inline;\">exchange di\ufb00erences arising from the translation of foreign operations </div><div class=\"t s1_173\" id=\"t36_173\" style=\"left:461px;bottom:317px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">and exchange di\ufb00erences on foreign currency borrowings and </div><div class=\"t s2_173\" id=\"t37_173\" style=\"left:461px;bottom:301px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">derivative financial instruments that provide an e\ufb00ective hedge </div><div class=\"t s1_173\" id=\"t38_173\" style=\"left:461px;bottom:286px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">against net investments in foreign operations. On adoption of IFRS, </div><div class=\"t s1_173\" id=\"t39_173\" style=\"left:461px;bottom:271px;letter-spacing:-0.05px;word-spacing:-0.08px;display:inline;\">cumulative exchange di\ufb00erences were deemed to be $nil. </div><div class=\"t s3_173\" id=\"t3a_173\" style=\"left:461px;bottom:248px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Non-controlling interest </div><div class=\"t s1_173\" id=\"t3b_173\" style=\"left:461px;bottom:233px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">A non-controlling interest is equity in a subsidiary of the Group not </div><div class=\"t s1_173\" id=\"t3c_173\" style=\"left:461px;bottom:217px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">attributable, directly or indirectly, to the Group. </div><div class=\"t s3_173\" id=\"t3d_173\" style=\"left:65px;bottom:31px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\"> </div><div class=\"t m0_173 s5_173\" id=\"t3e_173\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t s3_173\" id=\"t3f_173\" style=\"left:828px;bottom:31px;letter-spacing:0.01px;display:inline;\"></div><div></div><div class=\"t s0_174\" id=\"t1_174\" style=\"left:65px;bottom:1115px;letter-spacing:0.02px;word-spacing:-0.15px;display:inline;\">Climate change </div><div class=\"t s1_174\" id=\"t2_174\" style=\"left:65px;bottom:1100px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">There are no climate-related estimates and assumptions that have </div><div class=\"t s1_174\" id=\"t3_174\" style=\"left:65px;bottom:1084px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">a material impact on asset values in the Group Financial Statements. </div><div class=\"t s1_174\" id=\"t4_174\" style=\"left:65px;bottom:1069px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">In particular, the following have been considered: </div><div class=\"t s2_174\" id=\"t5_174\" style=\"left:65px;bottom:1046px;display:inline;\">\u2022 </div><div class=\"t s1_174\" id=\"t6_174\" style=\"left:74px;bottom:1046px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">In the case of goodwill and brands, the carrying value is recovered </div><div class=\"t s1_174\" id=\"t7_174\" style=\"left:74px;bottom:1031px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">in less than 5 years under the Base Case forecasts and is not </div><div class=\"t s1_174\" id=\"t8_174\" style=\"left:74px;bottom:1016px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">susceptible to medium-term risks. </div><div class=\"t s2_174\" id=\"t9_174\" style=\"left:65px;bottom:997px;display:inline;\">\u2022 </div><div class=\"t s1_174\" id=\"ta_174\" style=\"left:74px;bottom:997px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">In the case of the InterContinental Boston, for which the lease </div><div class=\"t s1_174\" id=\"tb_174\" style=\"left:74px;bottom:981px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">expires in 2105, the last impairment test performed indicates </div><div class=\"t s1_174\" id=\"tc_174\" style=\"left:74px;bottom:966px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">headroom above recoverable value of approximately 25% of the </div><div class=\"t s1_174\" id=\"td_174\" style=\"left:74px;bottom:951px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">asset value before the asset would be impaired. </div><div class=\"t s2_174\" id=\"te_174\" style=\"left:65px;bottom:932px;display:inline;\">\u2022 </div><div class=\"t s1_174\" id=\"tf_174\" style=\"left:74px;bottom:932px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">In the case of other hotel assets (within property, plant and </div><div class=\"t s1_174\" id=\"tg_174\" style=\"left:74px;bottom:916px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">equipment, right-of-use assets, associates or other </div><div class=\"t s3_174\" id=\"th_174\" style=\"left:359px;bottom:916px;letter-spacing:-0.05px;word-spacing:-0.11px;display:inline;\">financial assets) </div><div class=\"t s1_174\" id=\"ti_174\" style=\"left:74px;bottom:901px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">the remaining economic lives, whether they are sensitive to the </div><div class=\"t s1_174\" id=\"tj_174\" style=\"left:74px;bottom:886px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">impact of transitional risks or are susceptible to physical risks. </div><div class=\"t s2_174\" id=\"tk_174\" style=\"left:65px;bottom:867px;display:inline;\">\u2022 </div><div class=\"t s1_174\" id=\"tl_174\" style=\"left:74px;bottom:867px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">In the case of contract assets, the term of the management </div><div class=\"t s3_174\" id=\"tm_174\" style=\"left:74px;bottom:851px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">agreement and the significant headroom o</div><div class=\"t s1_174\" id=\"tn_174\" style=\"left:312px;bottom:851px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">f fee income over the </div><div class=\"t s1_174\" id=\"to_174\" style=\"left:74px;bottom:836px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">asset carrying value. </div><div class=\"t s2_174\" id=\"tp_174\" style=\"left:65px;bottom:817px;display:inline;\">\u2022 </div><div class=\"t s1_174\" id=\"tq_174\" style=\"left:74px;bottom:817px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">The period of coverage of performance guarantees and owner </div><div class=\"t s1_174\" id=\"tr_174\" style=\"left:74px;bottom:802px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">loan guarantees, together with caps on the Group\u2019s exposure. </div><div class=\"t s2_174\" id=\"ts_174\" style=\"left:65px;bottom:783px;display:inline;\">\u2022 </div><div class=\"t s1_174\" id=\"tt_174\" style=\"left:74px;bottom:783px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">In the case of the recoverability of the UK deferred tax asset, the </div><div class=\"t s1_174\" id=\"tu_174\" style=\"left:74px;bottom:767px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">impact of the potential downside risk on the Group\u2019s forecasts </div><div class=\"t s1_174\" id=\"tv_174\" style=\"left:74px;bottom:752px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">(see disclosure on page 185). </div><div class=\"t s1_174\" id=\"tw_174\" style=\"left:65px;bottom:729px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">Additionally, increasing operating costs over a medium term, for </div><div class=\"t s1_174\" id=\"tx_174\" style=\"left:65px;bottom:714px;letter-spacing:-0.09px;word-spacing:-0.05px;display:inline;\">example energy, are not expected to have a material impact on any </div><div class=\"t s1_174\" id=\"ty_174\" style=\"left:65px;bottom:699px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">of the Group\u2019s assets. </div><div class=\"t s1_174\" id=\"tz_174\" style=\"left:65px;bottom:676px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">While there is currently no material medium-term impact expected </div><div class=\"t s1_174\" id=\"t10_174\" style=\"left:65px;bottom:660px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">from climate change, the risks attached to climate change continue </div><div class=\"t s1_174\" id=\"t11_174\" style=\"left:65px;bottom:645px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">to evolve and these will continue to be assessed against the Group\u2019s </div><div class=\"t s1_174\" id=\"t12_174\" style=\"left:65px;bottom:630px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">judgements and estimates. </div><div class=\"t s0_174\" id=\"t13_174\" style=\"left:65px;bottom:607px;letter-spacing:0.02px;word-spacing:-0.15px;display:inline;\">New accounting standards and other presentational changes </div><div class=\"t s4_174\" id=\"t14_174\" style=\"left:65px;bottom:592px;word-spacing:-0.13px;display:inline;\">Adoption of new accounting standards </div><div class=\"t s2_174\" id=\"t15_174\" style=\"left:65px;bottom:576px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">IFRS 17 \u2018Insurance Contracts\u2019 </div><div class=\"t s1_174\" id=\"t16_174\" style=\"left:65px;bottom:561px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">IFRS 17, which replaces IFRS 4, introduces a new measurement and </div><div class=\"t s1_174\" id=\"t17_174\" style=\"left:65px;bottom:546px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">disclosure model for insurance contracts issued. IFRS 17 applies to </div><div class=\"t s1_174\" id=\"t18_174\" style=\"left:65px;bottom:531px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">all types of insurance contracts, regardless of the type of entities </div><div class=\"t s1_174\" id=\"t19_174\" style=\"left:65px;bottom:515px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">that issue them. </div><div class=\"t s1_174\" id=\"t1a_174\" style=\"left:65px;bottom:492px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The Group has adopted IFRS 17 using the full retrospective method </div><div class=\"t s1_174\" id=\"t1b_174\" style=\"left:65px;bottom:477px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">of adoption with the date of initial application being 1 January 2023. </div><div class=\"t s1_174\" id=\"t1c_174\" style=\"left:65px;bottom:462px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">On adoption of IFRS 17, the Group elected to apply the requirements </div><div class=\"t s1_174\" id=\"t1d_174\" style=\"left:65px;bottom:447px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">of IFRS 9 \u2018Financial Instruments\u2019 to </div><div class=\"t s3_174\" id=\"t1e_174\" style=\"left:260px;bottom:447px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">financial guarantee contracts </div><div class=\"t s1_174\" id=\"t1f_174\" style=\"left:65px;bottom:431px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">which were previously accounted for by applying IFRS 4. </div><div class=\"t s1_174\" id=\"t1g_174\" style=\"left:65px;bottom:416px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">The carrying value of </div><div class=\"t s3_174\" id=\"t1h_174\" style=\"left:185px;bottom:416px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">financial guarantee liabilities is immaterial </div><div class=\"t s1_174\" id=\"t1i_174\" style=\"left:65px;bottom:401px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">for all periods presented. </div><div class=\"t s1_174\" id=\"t1j_174\" style=\"left:65px;bottom:378px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">The Group\u2019s contracts within the scope of IFRS 17 for the periods </div><div class=\"t s1_174\" id=\"t1k_174\" style=\"left:65px;bottom:363px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">presented include IHG\u2019s global insurance programme which </div><div class=\"t s1_174\" id=\"t1l_174\" style=\"left:65px;bottom:347px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">provides coverage to managed hotels for certain risks. Premiums are </div><div class=\"t s1_174\" id=\"t1m_174\" style=\"left:65px;bottom:332px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">payable by the hotels to third-party insurance providers. Some of the </div><div class=\"t s1_174\" id=\"t1n_174\" style=\"left:65px;bottom:317px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">risk is reinsured by the Captive, in exchange for premiums paid from </div><div class=\"t s1_174\" id=\"t1o_174\" style=\"left:65px;bottom:301px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">the third-party insurance provider to the Captive. </div><div class=\"t s1_174\" id=\"t1p_174\" style=\"left:65px;bottom:279px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The adoption of IFRS 17 had no impact on operating pro</div><div class=\"t s3_174\" id=\"t1q_174\" style=\"left:375px;bottom:279px;letter-spacing:-0.06px;word-spacing:-0.12px;display:inline;\">fit, profit </div><div class=\"t s1_174\" id=\"t1r_174\" style=\"left:65px;bottom:263px;letter-spacing:-0.06px;word-spacing:-0.1px;display:inline;\">before or after tax, net liabilities or cash </div><div class=\"t s3_174\" id=\"t1s_174\" style=\"left:288px;bottom:263px;letter-spacing:-0.06px;display:inline;\">flows </div><div class=\"t s1_174\" id=\"t1t_174\" style=\"left:320px;bottom:263px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">for any period </div><div class=\"t s1_174\" id=\"t1u_174\" style=\"left:65px;bottom:248px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">presented. As a result, the Group has not included a third statement </div><div class=\"t s1_174\" id=\"t1v_174\" style=\"left:65px;bottom:233px;letter-spacing:-0.11px;display:inline;\">of </div><div class=\"t s3_174\" id=\"t1w_174\" style=\"left:79px;bottom:233px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">financial position at 31 December 2021 within the Consolidated </div><div class=\"t s1_174\" id=\"t1x_174\" style=\"left:65px;bottom:217px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Financial Statements. </div><div class=\"t s1_174\" id=\"t1y_174\" style=\"left:461px;bottom:1115px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The comparative information in these Consolidated Financial </div><div class=\"t s1_174\" id=\"t1z_174\" style=\"left:461px;bottom:1100px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Statements has been re-presented for the adoption of IFRS 17, </div><div class=\"t s1_174\" id=\"t20_174\" style=\"left:461px;bottom:1084px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">as summarised below. </div><div class=\"t s2_174\" id=\"t21_174\" style=\"left:461px;bottom:1062px;display:inline;\">\u2022 </div><div class=\"t s1_174\" id=\"t22_174\" style=\"left:470px;bottom:1062px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The Group\u2019s insurance reserves relating to managed hotels </div><div class=\"t s1_174\" id=\"t23_174\" style=\"left:470px;bottom:1046px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">(previously included within provisions) are now included in the </div><div class=\"t s1_174\" id=\"t24_174\" style=\"left:470px;bottom:1031px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Group statement of </div><div class=\"t s3_174\" id=\"t25_174\" style=\"left:582px;bottom:1031px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">financial position as insurance liabilities. </div><div class=\"t s1_174\" id=\"t26_174\" style=\"left:470px;bottom:1016px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">As at 31 December 2022, current insurance liabilities of $9m and </div><div class=\"t s1_174\" id=\"t27_174\" style=\"left:470px;bottom:1000px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">non-current insurance liabilities of $23m have been reclassi</div><div class=\"t s3_174\" id=\"t28_174\" style=\"left:801px;bottom:1000px;letter-spacing:0.01px;display:inline;\">fied. </div><div class=\"t s2_174\" id=\"t29_174\" style=\"left:461px;bottom:981px;display:inline;\">\u2022 </div><div class=\"t s1_174\" id=\"t2a_174\" style=\"left:470px;bottom:981px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Insurance revenue (previously presented within revenue from fee </div><div class=\"t s1_174\" id=\"t2b_174\" style=\"left:470px;bottom:966px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">business) and insurance expenses (previously presented within </div><div class=\"t s1_174\" id=\"t2c_174\" style=\"left:470px;bottom:951px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">administrative expenses) are now presented separately within the </div><div class=\"t s1_174\" id=\"t2d_174\" style=\"left:470px;bottom:936px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">Group income statement. For the year ended 31 December 2022, </div><div class=\"t s1_174\" id=\"t2e_174\" style=\"left:470px;bottom:920px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">these amounts totalled $15m and $11m (2021: $9m and $8m) </div><div class=\"t s1_174\" id=\"t2f_174\" style=\"left:470px;bottom:905px;letter-spacing:-0.09px;display:inline;\">respectively. </div><div class=\"t s2_174\" id=\"t2g_174\" style=\"left:461px;bottom:882px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">Amendments to IAS 12 \u2018Income Taxes\u2019 in relation to International </div><div class=\"t s2_174\" id=\"t2h_174\" style=\"left:461px;bottom:867px;letter-spacing:-0.12px;word-spacing:-0.02px;display:inline;\">Tax Reform \u2013 Pillar Two Model Rules </div><div class=\"t s1_174\" id=\"t2i_174\" style=\"left:461px;bottom:851px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The amendments to IAS 12 have been introduced in response to </div><div class=\"t s1_174\" id=\"t2j_174\" style=\"left:461px;bottom:836px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">the Organisation for Economic Co-operation and Development\u2019s </div><div class=\"t s3_174\" id=\"t2k_174\" style=\"left:461px;bottom:821px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">(\u2018OECD\u2019) base erosion and profit shi</div><div class=\"t s1_174\" id=\"t2l_174\" style=\"left:659px;bottom:821px;letter-spacing:-0.08px;word-spacing:-0.08px;display:inline;\">fting (\u2018BEPS\u2019) Pillar Two rules </div><div class=\"t s1_174\" id=\"t2m_174\" style=\"left:461px;bottom:806px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">and include: </div><div class=\"t s2_174\" id=\"t2n_174\" style=\"left:461px;bottom:783px;display:inline;\">\u2022 </div><div class=\"t s1_174\" id=\"t2o_174\" style=\"left:470px;bottom:783px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">a mandatory temporary exception to the recognition and </div><div class=\"t s1_174\" id=\"t2p_174\" style=\"left:470px;bottom:767px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">disclosure of deferred taxes arising from the jurisdictional </div><div class=\"t s1_174\" id=\"t2q_174\" style=\"left:470px;bottom:752px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">implementation of the Pillar Two model rules; and </div><div class=\"t s2_174\" id=\"t2r_174\" style=\"left:461px;bottom:733px;display:inline;\">\u2022 </div><div class=\"t s1_174\" id=\"t2s_174\" style=\"left:470px;bottom:733px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">disclosure requirements to help users of the </div><div class=\"t s3_174\" id=\"t2t_174\" style=\"left:718px;bottom:733px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">financial statements </div><div class=\"t s1_174\" id=\"t2u_174\" style=\"left:470px;bottom:718px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">better understand the Group\u2019s exposure to Pillar Two income taxes </div><div class=\"t s1_174\" id=\"t2v_174\" style=\"left:470px;bottom:703px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">arising from that legislation, particularly before its e\ufb00ective date. </div><div class=\"t s1_174\" id=\"t2w_174\" style=\"left:461px;bottom:680px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The Group has adopted the amendments to IAS 12 from 1 January </div><div class=\"t s3_174\" id=\"t2x_174\" style=\"left:461px;bottom:664px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">2023 with there being no impact to the Group\u2019s reported financial </div><div class=\"t s1_174\" id=\"t2y_174\" style=\"left:461px;bottom:649px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">performance or position. The incremental disclosure required by </div><div class=\"t s1_174\" id=\"t2z_174\" style=\"left:461px;bottom:634px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">the amendment is provided in note 8. </div><div class=\"t s2_174\" id=\"t30_174\" style=\"left:461px;bottom:611px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">Other standards adopted </div><div class=\"t s1_174\" id=\"t31_174\" style=\"left:461px;bottom:596px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">The Group has applied the following amendments: </div><div class=\"t s2_174\" id=\"t32_174\" style=\"left:461px;bottom:573px;display:inline;\">\u2022 </div><div class=\"t s1_174\" id=\"t33_174\" style=\"left:470px;bottom:573px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">IAS 1 and IFRS Practice Statement 2 \u2013 Disclosure of Accounting </div><div class=\"t s1_174\" id=\"t34_174\" style=\"left:470px;bottom:557px;letter-spacing:-0.05px;display:inline;\">Policies; </div><div class=\"t s2_174\" id=\"t35_174\" style=\"left:461px;bottom:538px;display:inline;\">\u2022 </div><div class=\"t s3_174\" id=\"t36_174\" style=\"left:470px;bottom:538px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">IAS 8 \u2013 Definition o</div><div class=\"t s1_174\" id=\"t37_174\" style=\"left:575px;bottom:538px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">f Accounting Estimates; and </div><div class=\"t s2_174\" id=\"t38_174\" style=\"left:461px;bottom:519px;display:inline;\">\u2022 </div><div class=\"t s1_174\" id=\"t39_174\" style=\"left:470px;bottom:519px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">IAS 12 \u2013 Deferred Tax related to Assets and Liabilities arising from </div><div class=\"t s1_174\" id=\"t3a_174\" style=\"left:470px;bottom:504px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">a Single Transaction. </div><div class=\"t s1_174\" id=\"t3b_174\" style=\"left:461px;bottom:481px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">None of these amendments have had a material impact on the </div><div class=\"t s3_174\" id=\"t3c_174\" style=\"left:461px;bottom:466px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Group\u2019s reported financial per</div><div class=\"t s1_174\" id=\"t3d_174\" style=\"left:629px;bottom:466px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">formance or position. </div><div class=\"t s4_174\" id=\"t3e_174\" style=\"left:461px;bottom:443px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">New standards issued but not yet e\ufb00ective </div><div class=\"t s1_174\" id=\"t3f_174\" style=\"left:461px;bottom:428px;letter-spacing:-0.06px;word-spacing:-0.07px;display:inline;\">From 1 January 2024, the Group will apply the amendments to: </div><div class=\"t s2_174\" id=\"t3g_174\" style=\"left:461px;bottom:405px;display:inline;\">\u2022 </div><div class=\"t s3_174\" id=\"t3h_174\" style=\"left:470px;bottom:405px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">IAS 1 \u2013 Classification o</div><div class=\"t s1_174\" id=\"t3i_174\" style=\"left:593px;bottom:405px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">f Liabilities as Current or Non-current; </div><div class=\"t s2_174\" id=\"t3j_174\" style=\"left:461px;bottom:386px;display:inline;\">\u2022 </div><div class=\"t s1_174\" id=\"t3k_174\" style=\"left:470px;bottom:386px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">IAS 1 \u2013 Non-current Liabilities with Covenants; </div><div class=\"t s2_174\" id=\"t3l_174\" style=\"left:461px;bottom:366px;display:inline;\">\u2022 </div><div class=\"t s1_174\" id=\"t3m_174\" style=\"left:470px;bottom:366px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">IFRS 16 \u2013 Lease Liability in a Sale and Leaseback; and </div><div class=\"t s2_174\" id=\"t3n_174\" style=\"left:461px;bottom:347px;display:inline;\">\u2022 </div><div class=\"t s1_174\" id=\"t3o_174\" style=\"left:470px;bottom:347px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">IAS 7 and IFRS 7 \u2013 Supplier Finance Arrangements. </div><div class=\"t s1_174\" id=\"t3p_174\" style=\"left:461px;bottom:324px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">From 1 January 2025, the Group will apply the amendments to: </div><div class=\"t s2_174\" id=\"t3q_174\" style=\"left:461px;bottom:302px;display:inline;\">\u2022 </div><div class=\"t s1_174\" id=\"t3r_174\" style=\"left:470px;bottom:302px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">IAS 21 \u2013 Lack of Exchangeability </div><div class=\"t s1_174\" id=\"t3s_174\" style=\"left:461px;bottom:279px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">There is no anticipated material impact from these amendments on </div><div class=\"t s3_174\" id=\"t3t_174\" style=\"left:461px;bottom:263px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">the Group\u2019s reported financial per</div><div class=\"t s1_174\" id=\"t3u_174\" style=\"left:650px;bottom:263px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">formance or position. </div><div class=\"t s4_174\" id=\"t3v_174\" style=\"left:461px;bottom:240px;letter-spacing:0.04px;word-spacing:-0.17px;display:inline;\">Other presentational changes </div><div class=\"t s1_174\" id=\"t3w_174\" style=\"left:461px;bottom:225px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Revenues and expenses from the System Fund are presented </div><div class=\"t s1_174\" id=\"t3x_174\" style=\"left:461px;bottom:210px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">together with reimbursable revenue and expenses in the Group </div><div class=\"t s1_174\" id=\"t3y_174\" style=\"left:461px;bottom:195px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">income statement for clarity of presentation, consistency with </div><div class=\"t s3_174\" id=\"t3z_174\" style=\"left:461px;bottom:179px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">industry practice and to reflect the </div><div class=\"t s1_174\" id=\"t40_174\" style=\"left:657px;bottom:179px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">fact that neither of these are </div><div class=\"t s3_174\" id=\"t41_174\" style=\"left:461px;bottom:164px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">reported to the CODM and do not generate a profit or loss </div><div class=\"t s1_174\" id=\"t42_174\" style=\"left:787px;bottom:164px;letter-spacing:-0.1px;word-spacing:-0.06px;display:inline;\">for the </div><div class=\"t s1_174\" id=\"t43_174\" style=\"left:461px;bottom:149px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Group over the longer term. Analysis of these items continues to </div><div class=\"t s1_174\" id=\"t44_174\" style=\"left:461px;bottom:133px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">be provided in note 3 and note 32. </div><div class=\"t s4_174\" id=\"t45_174\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t s2_174\" id=\"t46_174\" style=\"left:65px;bottom:31px;letter-spacing:-0.08px;display:inline;\"></div><div></div><div class=\"t s0_175\" id=\"t1_175\" style=\"left:65px;bottom:1184px;letter-spacing:0.06px;word-spacing:0.33px;display:inline;\">Notes to the Group Financial Statements </div><div class=\"t s1_175\" id=\"t2_175\" style=\"left:65px;bottom:1115px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">1. Exchange rates </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_175\" id=\"t3_175\" style=\"left:506px;bottom:1099px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_175\" id=\"t4_175\" style=\"left:663px;bottom:1099px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_175\" id=\"t5_175\" style=\"left:821px;bottom:1099px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_175\" id=\"t6_175\" style=\"left:65px;bottom:1083px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">$1 equivalent </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_175\" id=\"t7_175\" style=\"left:414px;bottom:1083px;letter-spacing:0.04px;display:inline;\">Average </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_175\" id=\"t8_175\" style=\"left:495px;bottom:1083px;letter-spacing:0.12px;display:inline;\">Closing </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_175\" id=\"t9_175\" style=\"left:572px;bottom:1083px;letter-spacing:0.04px;display:inline;\">Average </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_175\" id=\"ta_175\" style=\"left:653px;bottom:1083px;letter-spacing:0.09px;display:inline;\">Closing </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_175\" id=\"tb_175\" style=\"left:728px;bottom:1083px;letter-spacing:0.04px;display:inline;\">Average </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_175\" id=\"tc_175\" style=\"left:808px;bottom:1083px;letter-spacing:0.09px;display:inline;\">Closing </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"td_175\" style=\"left:65px;bottom:1065px;letter-spacing:-0.23px;display:inline;\">Sterling </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"te_175\" style=\"left:419px;bottom:1065px;letter-spacing:-0.25px;display:inline;\">\u00a30.80 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"tf_175\" style=\"left:500px;bottom:1065px;letter-spacing:-0.37px;display:inline;\">\u00a30.78 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"tg_175\" style=\"left:580px;bottom:1065px;letter-spacing:-0.22px;display:inline;\">\u00a30.81 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"th_175\" style=\"left:656px;bottom:1065px;letter-spacing:-0.21px;display:inline;\">\u00a30.83 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"ti_175\" style=\"left:735px;bottom:1065px;letter-spacing:-0.35px;display:inline;\">\u00a30.73 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"tj_175\" style=\"left:814px;bottom:1065px;letter-spacing:-0.47px;display:inline;\">\u00a30.74 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"tk_175\" style=\"left:65px;bottom:1047px;letter-spacing:-0.31px;display:inline;\">Euro </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"tl_175\" style=\"left:420px;bottom:1047px;letter-spacing:-0.24px;display:inline;\">\u20ac0.92 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"tm_175\" style=\"left:496px;bottom:1047px;letter-spacing:-0.24px;display:inline;\">\u20ac0.90 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"tn_175\" style=\"left:577px;bottom:1047px;letter-spacing:-0.18px;display:inline;\">\u20ac0.95 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"to_175\" style=\"left:655px;bottom:1047px;letter-spacing:-0.22px;display:inline;\">\u20ac0.94 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"tp_175\" style=\"left:733px;bottom:1047px;letter-spacing:-0.19px;display:inline;\">\u20ac0.85 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"tq_175\" style=\"left:811px;bottom:1047px;letter-spacing:-0.2px;display:inline;\">\u20ac0.88 </div></td></tr></table>\n<div class=\"t s1_175\" id=\"tr_175\" style=\"left:65px;bottom:1006px;letter-spacing:0.01px;word-spacing:-0.15px;display:inline;\">2. Segmental information </div><div class=\"t s7_175\" id=\"ts_175\" style=\"left:65px;bottom:991px;letter-spacing:-0.03px;display:inline;\">Revenue </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_175\" id=\"tw_175\" style=\"left:741px;bottom:976px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_175\" id=\"t10_175\" style=\"left:821px;bottom:976px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_175\" id=\"tu_175\" style=\"left:662px;bottom:966px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s3_175\" id=\"tx_175\" style=\"left:706px;bottom:966px;letter-spacing:0.1px;display:inline;\">Re-presented </div><div class=\"t s8_175\" id=\"ty_175\" style=\"vertical-align: super;left:764px;bottom:971px;display:inline;\">a </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s3_175\" id=\"t11_175\" style=\"left:784px;bottom:966px;letter-spacing:0.1px;display:inline;\">Re-presented </div><div class=\"t s8_175\" id=\"t12_175\" style=\"vertical-align: super;left:842px;bottom:971px;display:inline;\">a </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_175\" id=\"tt_175\" style=\"left:65px;bottom:955px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">Year ended 31 December </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_175\" id=\"tv_175\" style=\"left:671px;bottom:955px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_175\" id=\"tz_175\" style=\"left:749px;bottom:955px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_175\" id=\"t13_175\" style=\"left:827px;bottom:955px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t14_175\" style=\"left:65px;bottom:937px;letter-spacing:-0.2px;display:inline;\">Americas </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t15_175\" style=\"left:659px;bottom:937px;letter-spacing:-0.31px;display:inline;\">1,105 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t16_175\" style=\"left:735px;bottom:937px;letter-spacing:-0.21px;display:inline;\">1,005 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t17_175\" style=\"left:824px;bottom:937px;letter-spacing:-0.32px;display:inline;\">774 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t18_175\" style=\"left:65px;bottom:919px;letter-spacing:-0.1px;display:inline;\">EMEAA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t19_175\" style=\"left:666px;bottom:919px;letter-spacing:-0.1px;display:inline;\">677 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t1a_175\" style=\"left:745px;bottom:919px;letter-spacing:-0.26px;display:inline;\">552 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t1b_175\" style=\"left:821px;bottom:919px;letter-spacing:-0.16px;display:inline;\">303 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t1c_175\" style=\"left:65px;bottom:900px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Greater China </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t1d_175\" style=\"left:669px;bottom:900px;letter-spacing:-0.19px;display:inline;\">161 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t1e_175\" style=\"left:751px;bottom:900px;letter-spacing:-0.29px;display:inline;\">87 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t1f_175\" style=\"left:826px;bottom:900px;letter-spacing:-0.25px;display:inline;\">116 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t1g_175\" style=\"left:65px;bottom:882px;letter-spacing:-0.22px;display:inline;\">Central </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t1h_175\" style=\"left:668px;bottom:882px;letter-spacing:-0.09px;display:inline;\">221 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t1i_175\" style=\"left:746px;bottom:882px;letter-spacing:-0.14px;display:inline;\">199 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t1j_175\" style=\"left:825px;bottom:882px;letter-spacing:-0.25px;display:inline;\">197 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t1k_175\" style=\"left:65px;bottom:863px;letter-spacing:-0.21px;word-spacing:-0.16px;display:inline;\">Revenue from reportable segments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t1l_175\" style=\"left:657px;bottom:863px;letter-spacing:-0.26px;display:inline;\">2,164 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t1m_175\" style=\"left:736px;bottom:863px;letter-spacing:-0.13px;display:inline;\">1,843 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t1n_175\" style=\"left:814px;bottom:863px;letter-spacing:-0.15px;display:inline;\">1,390 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t1o_175\" style=\"left:65px;bottom:845px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">System Fund and reimbursable revenues </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t1p_175\" style=\"left:654px;bottom:845px;letter-spacing:-0.15px;display:inline;\">2,460 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t1q_175\" style=\"left:734px;bottom:845px;letter-spacing:-0.22px;display:inline;\">2,049 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t1r_175\" style=\"left:818px;bottom:845px;letter-spacing:-0.26px;display:inline;\">1,517 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t1s_175\" style=\"left:65px;bottom:826px;letter-spacing:-0.3px;word-spacing:-0.07px;display:inline;\">Total revenue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t1t_175\" style=\"left:655px;bottom:826px;letter-spacing:-0.25px;display:inline;\">4,624 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t1u_175\" style=\"left:735px;bottom:826px;letter-spacing:-0.17px;display:inline;\">3,892 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t1v_175\" style=\"left:813px;bottom:826px;letter-spacing:-0.21px;display:inline;\">2,907 </div></td></tr></table>\n<div class=\"t s9_175\" id=\"t1w_175\" style=\"left:65px;bottom:803px;display:inline;\">a </div><div class=\"t s3_175\" id=\"t1x_175\" style=\"left:74px;bottom:799px;letter-spacing:0.04px;word-spacing:-0.15px;display:inline;\">Re-presented to combine System Fund and reimbursable revenues (see New accounting standards and other presentational changes). </div><div class=\"t sa_175\" id=\"t1y_175\" style=\"left:65px;bottom:767px;letter-spacing:-0.03px;display:inline;\">Profit </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_175\" id=\"t20_175\" style=\"left:662px;bottom:752px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_175\" id=\"t22_175\" style=\"left:741px;bottom:752px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_175\" id=\"t24_175\" style=\"left:821px;bottom:752px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_175\" id=\"t1z_175\" style=\"left:65px;bottom:742px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">Year ended 31 December </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_175\" id=\"t21_175\" style=\"left:671px;bottom:742px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_175\" id=\"t23_175\" style=\"left:749px;bottom:742px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_175\" id=\"t25_175\" style=\"left:827px;bottom:742px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t26_175\" style=\"left:65px;bottom:724px;letter-spacing:-0.2px;display:inline;\">Americas </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t27_175\" style=\"left:667px;bottom:724px;letter-spacing:-0.22px;display:inline;\">815 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t28_175\" style=\"left:747px;bottom:724px;letter-spacing:-0.24px;display:inline;\">761 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t29_175\" style=\"left:822px;bottom:724px;letter-spacing:-0.17px;display:inline;\">559 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t2a_175\" style=\"left:65px;bottom:705px;letter-spacing:-0.1px;display:inline;\">EMEAA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t2b_175\" style=\"left:667px;bottom:705px;letter-spacing:-0.17px;display:inline;\">215 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t2c_175\" style=\"left:747px;bottom:705px;letter-spacing:-0.28px;display:inline;\">152 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t2d_175\" style=\"left:835px;bottom:705px;display:inline;\">5 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t2e_175\" style=\"left:65px;bottom:687px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Greater China </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t2f_175\" style=\"left:671px;bottom:687px;letter-spacing:-0.15px;display:inline;\">96 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t2g_175\" style=\"left:751px;bottom:687px;letter-spacing:-0.24px;display:inline;\">23 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t2h_175\" style=\"left:828px;bottom:687px;letter-spacing:-0.19px;display:inline;\">58 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t2i_175\" style=\"left:65px;bottom:668px;letter-spacing:-0.22px;display:inline;\">Central </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t2j_175\" style=\"left:663px;bottom:668px;letter-spacing:-0.24px;display:inline;\">(107) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t2k_175\" style=\"left:742px;bottom:668px;letter-spacing:-0.25px;display:inline;\">(108) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t2l_175\" style=\"left:825px;bottom:668px;letter-spacing:-0.29px;display:inline;\">(88) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_175\" id=\"t2m_175\" style=\"left:65px;bottom:650px;letter-spacing:-0.19px;word-spacing:-0.17px;display:inline;\">Operating profit </div> <div class=\"t s6_175\" id=\"t2n_175\" style=\"left:150px;bottom:650px;letter-spacing:-0.19px;word-spacing:-0.18px;display:inline;\">from reportable segments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t2o_175\" style=\"left:658px;bottom:650px;letter-spacing:-0.26px;display:inline;\">1,019 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t2p_175\" style=\"left:745px;bottom:650px;letter-spacing:-0.26px;display:inline;\">828 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t2q_175\" style=\"left:822px;bottom:650px;letter-spacing:-0.11px;display:inline;\">534 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t2r_175\" style=\"left:65px;bottom:631px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">System Fund and reimbursable result </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t2s_175\" style=\"left:673px;bottom:631px;letter-spacing:-0.19px;display:inline;\">19 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t2t_175\" style=\"left:742px;bottom:631px;letter-spacing:-0.23px;display:inline;\">(105) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t2u_175\" style=\"left:830px;bottom:631px;letter-spacing:-0.33px;display:inline;\">(11) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t2v_175\" style=\"left:65px;bottom:613px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Operating exceptional items (note 6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t2w_175\" style=\"left:672px;bottom:613px;letter-spacing:-0.19px;display:inline;\">28 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t2x_175\" style=\"left:747px;bottom:613px;letter-spacing:-0.25px;display:inline;\">(95) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t2y_175\" style=\"left:825px;bottom:613px;letter-spacing:-0.23px;display:inline;\">(29) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_175\" id=\"t2z_175\" style=\"left:65px;bottom:594px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">Operating profit </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t30_175\" style=\"left:656px;bottom:594px;letter-spacing:-0.25px;display:inline;\">1,066 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t31_175\" style=\"left:744px;bottom:594px;letter-spacing:-0.24px;display:inline;\">628 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t32_175\" style=\"left:821px;bottom:594px;letter-spacing:-0.14px;display:inline;\">494 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t33_175\" style=\"left:65px;bottom:576px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">Net financial expenses </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t34_175\" style=\"left:669px;bottom:576px;letter-spacing:-0.35px;display:inline;\">(52) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t35_175\" style=\"left:747px;bottom:576px;letter-spacing:-0.26px;display:inline;\">(96) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t36_175\" style=\"left:821px;bottom:576px;letter-spacing:-0.25px;display:inline;\">(139) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t37_175\" style=\"left:65px;bottom:557px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Fair value (losses)/gains on contingent purchase consideration </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t38_175\" style=\"left:675px;bottom:557px;letter-spacing:-0.5px;display:inline;\">(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t39_175\" style=\"left:757px;bottom:557px;display:inline;\">8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t3a_175\" style=\"left:835px;bottom:557px;display:inline;\">6 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_175\" id=\"t3b_175\" style=\"left:65px;bottom:539px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Profit be</div><div class=\"t s6_175\" id=\"t3c_175\" style=\"left:108px;bottom:539px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">fore tax </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t3d_175\" style=\"left:658px;bottom:539px;letter-spacing:-0.27px;display:inline;\">1,010 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t3e_175\" style=\"left:743px;bottom:539px;letter-spacing:-0.13px;display:inline;\">540 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t3f_175\" style=\"left:824px;bottom:539px;letter-spacing:-0.1px;display:inline;\">361 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t3g_175\" style=\"left:65px;bottom:520px;letter-spacing:-0.53px;display:inline;\">Tax </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t3h_175\" style=\"left:661px;bottom:520px;letter-spacing:-0.25px;display:inline;\">(260) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t3i_175\" style=\"left:743px;bottom:520px;letter-spacing:-0.25px;display:inline;\">(164) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t3j_175\" style=\"left:825px;bottom:520px;letter-spacing:-0.26px;display:inline;\">(96) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_175\" id=\"t3k_175\" style=\"left:65px;bottom:501px;letter-spacing:-0.18px;display:inline;\">Profit </div> <div class=\"t s6_175\" id=\"t3l_175\" style=\"left:95px;bottom:501px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">for the year </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t3m_175\" style=\"left:665px;bottom:501px;letter-spacing:-0.23px;display:inline;\">750 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t3n_175\" style=\"left:745px;bottom:501px;letter-spacing:-0.35px;display:inline;\">376 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t3o_175\" style=\"left:822px;bottom:501px;letter-spacing:-0.16px;display:inline;\">265 </div></td></tr></table>\n<div class=\"t sc_175\" id=\"t3p_175\" style=\"left:65px;bottom:468px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">In 2022, operating profit </div><div class=\"t sd_175\" id=\"t3q_175\" style=\"left:203px;bottom:468px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">from reportable segments included $6m relating to business insurance claims principally in the Americas region </div><div class=\"t sd_175\" id=\"t3r_175\" style=\"left:65px;bottom:453px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">and $16m government support income relating to the EMEAA region. The net impact of government support income on operating pro</div><div class=\"t sc_175\" id=\"t3s_175\" style=\"left:811px;bottom:453px;letter-spacing:-0.02px;display:inline;\">fit </div><div class=\"t sd_175\" id=\"t3t_175\" style=\"left:65px;bottom:437px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">from reportable segments was $6m after deducting additional variable rent of $10m which became payable as a direct result of the </div><div class=\"t sc_175\" id=\"t3u_175\" style=\"left:65px;bottom:422px;word-spacing:-0.13px;display:inline;\">support received. </div><div class=\"t se_175\" id=\"t3v_175\" style=\"left:65px;bottom:31px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\"></div><div class=\"t m0_175 sf_175\" id=\"t3w_175\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"></div><div class=\"t se_175\" id=\"t3x_175\" style=\"left:826px;bottom:31px;letter-spacing:-0.13px;display:inline;\"></div><div></div><div class=\"t s2_176\" id=\"t3_176\" style=\"left:65px;bottom:1100px;letter-spacing:0.01px;word-spacing:-0.15px;display:inline;\">Non-cash items included within operating profit </div><div class=\"t s3_176\" id=\"t4_176\" style=\"left:343px;bottom:1100px;letter-spacing:0.03px;word-spacing:-0.16px;display:inline;\">from reportable segments </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"ta_176\" style=\"left:675px;bottom:1085px;letter-spacing:0.1px;display:inline;\">Greater </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"t6_176\" style=\"left:535px;bottom:1075px;letter-spacing:0.11px;display:inline;\">Americas </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"t8_176\" style=\"left:610px;bottom:1075px;letter-spacing:0.22px;display:inline;\">EMEAA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"tb_176\" style=\"left:683px;bottom:1075px;letter-spacing:0.12px;display:inline;\">China </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"td_176\" style=\"left:742px;bottom:1075px;letter-spacing:0.1px;display:inline;\">Central </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"tf_176\" style=\"left:813px;bottom:1075px;letter-spacing:0.12px;display:inline;\">Group </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_176\" id=\"t5_176\" style=\"left:65px;bottom:1064px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">Year ended 31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"t7_176\" style=\"left:562px;bottom:1064px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"t9_176\" style=\"left:629px;bottom:1064px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"tc_176\" style=\"left:695px;bottom:1064px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"te_176\" style=\"left:761px;bottom:1064px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"tg_176\" style=\"left:827px;bottom:1064px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s6_176\" id=\"th_176\" style=\"left:65px;bottom:1046px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Depreciation and amortisation </div><div class=\"t s7_176\" id=\"ti_176\" style=\"vertical-align: super;left:215px;bottom:1053px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"tj_176\" style=\"left:563px;bottom:1046px;letter-spacing:-0.17px;display:inline;\">24 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"tk_176\" style=\"left:632px;bottom:1046px;letter-spacing:-0.25px;display:inline;\">12 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"tl_176\" style=\"left:702px;bottom:1046px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"tm_176\" style=\"left:763px;bottom:1046px;letter-spacing:-0.17px;display:inline;\">27 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"tn_176\" style=\"left:828px;bottom:1046px;letter-spacing:-0.23px;display:inline;\">67 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"to_176\" style=\"left:65px;bottom:1028px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Contract assets deduction in revenue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"tp_176\" style=\"left:566px;bottom:1028px;letter-spacing:-0.15px;display:inline;\">21 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"tq_176\" style=\"left:632px;bottom:1028px;letter-spacing:-0.18px;display:inline;\">15 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"tr_176\" style=\"left:704px;bottom:1028px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"ts_176\" style=\"left:769px;bottom:1028px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"tt_176\" style=\"left:828px;bottom:1028px;letter-spacing:-0.26px;display:inline;\">37 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"tu_176\" style=\"left:65px;bottom:1009px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">Equity-settled share-based payments cost </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"tv_176\" style=\"left:570px;bottom:1009px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"tw_176\" style=\"left:636px;bottom:1009px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"tx_176\" style=\"left:703px;bottom:1009px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"ty_176\" style=\"left:763px;bottom:1009px;letter-spacing:-0.22px;display:inline;\">16 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"tz_176\" style=\"left:830px;bottom:1009px;letter-spacing:-0.24px;display:inline;\">31 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t10_176\" style=\"left:65px;bottom:991px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">Share of pro</div><div class=\"t s9_176\" id=\"t11_176\" style=\"left:125px;bottom:991px;letter-spacing:-0.19px;word-spacing:-0.14px;display:inline;\">fit o</div><div class=\"t s6_176\" id=\"t12_176\" style=\"left:144px;bottom:991px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">f associates and joint ventures (excluding exceptional items) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t13_176\" style=\"left:567px;bottom:991px;letter-spacing:-0.37px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t14_176\" style=\"left:633px;bottom:991px;letter-spacing:-0.41px;display:inline;\">(8) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t15_176\" style=\"left:703px;bottom:991px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t16_176\" style=\"left:769px;bottom:991px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t17_176\" style=\"left:826px;bottom:991px;letter-spacing:-0.35px;display:inline;\">(13) </div></td></tr></table><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t1d_176\" style=\"left:677px;bottom:962px;letter-spacing:0.06px;display:inline;\">Greater </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t19_176\" style=\"left:537px;bottom:951px;letter-spacing:0.1px;display:inline;\">Americas </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t1b_176\" style=\"left:612px;bottom:951px;letter-spacing:0.25px;display:inline;\">EMEAA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t1e_176\" style=\"left:684px;bottom:951px;letter-spacing:0.09px;display:inline;\">China </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t1g_176\" style=\"left:744px;bottom:951px;letter-spacing:0.07px;display:inline;\">Central </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t1i_176\" style=\"left:814px;bottom:951px;letter-spacing:0.08px;display:inline;\">Group </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_176\" id=\"t18_176\" style=\"left:65px;bottom:941px;letter-spacing:0.08px;word-spacing:-0.17px;display:inline;\">Year ended 31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t1a_176\" style=\"left:563px;bottom:941px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t1c_176\" style=\"left:629px;bottom:941px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t1f_176\" style=\"left:695px;bottom:941px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t1h_176\" style=\"left:761px;bottom:941px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t1j_176\" style=\"left:827px;bottom:941px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s6_176\" id=\"t1k_176\" style=\"left:65px;bottom:923px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Depreciation and amortisation </div><div class=\"t s7_176\" id=\"t1l_176\" style=\"vertical-align: super;left:215px;bottom:929px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t1m_176\" style=\"left:565px;bottom:923px;letter-spacing:-0.24px;display:inline;\">23 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t1n_176\" style=\"left:632px;bottom:923px;letter-spacing:-0.25px;display:inline;\">13 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t1o_176\" style=\"left:703px;bottom:923px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t1p_176\" style=\"left:763px;bottom:923px;letter-spacing:-0.28px;display:inline;\">28 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t1q_176\" style=\"left:828px;bottom:923px;letter-spacing:-0.11px;display:inline;\">68 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t1r_176\" style=\"left:65px;bottom:904px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Contract assets deduction in revenue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t1s_176\" style=\"left:566px;bottom:904px;letter-spacing:-0.23px;display:inline;\">18 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t1t_176\" style=\"left:632px;bottom:904px;letter-spacing:-0.25px;display:inline;\">13 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t1u_176\" style=\"left:705px;bottom:904px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t1v_176\" style=\"left:770px;bottom:904px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t1w_176\" style=\"left:829px;bottom:904px;letter-spacing:-0.24px;display:inline;\">32 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t1x_176\" style=\"left:65px;bottom:886px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">Equity-settled share-based payments cost </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t1y_176\" style=\"left:571px;bottom:886px;display:inline;\">8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t1z_176\" style=\"left:637px;bottom:886px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t20_176\" style=\"left:703px;bottom:886px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t21_176\" style=\"left:765px;bottom:886px;letter-spacing:-0.37px;display:inline;\">14 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t22_176\" style=\"left:829px;bottom:886px;letter-spacing:-0.28px;display:inline;\">28 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t23_176\" style=\"left:65px;bottom:867px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">Share of pro</div> <div class=\"t s9_176\" id=\"t24_176\" style=\"left:125px;bottom:867px;letter-spacing:-0.19px;word-spacing:-0.14px;display:inline;\">fit o</div><div class=\"t s6_176\" id=\"t25_176\" style=\"left:144px;bottom:867px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">f associates (excluding exceptional items) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t26_176\" style=\"left:570px;bottom:867px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t27_176\" style=\"left:637px;bottom:867px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t28_176\" style=\"left:704px;bottom:867px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t29_176\" style=\"left:770px;bottom:867px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t2a_176\" style=\"left:834px;bottom:867px;letter-spacing:-0.35px;display:inline;\">(1) </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t2g_176\" style=\"left:677px;bottom:839px;letter-spacing:0.06px;display:inline;\">Greater </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t2c_176\" style=\"left:537px;bottom:828px;letter-spacing:0.1px;display:inline;\">Americas </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t2e_176\" style=\"left:612px;bottom:828px;letter-spacing:0.25px;display:inline;\">EMEAA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t2h_176\" style=\"left:684px;bottom:828px;letter-spacing:0.09px;display:inline;\">China </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t2j_176\" style=\"left:744px;bottom:828px;letter-spacing:0.07px;display:inline;\">Central </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t2l_176\" style=\"left:814px;bottom:828px;letter-spacing:0.08px;display:inline;\">Group </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_176\" id=\"t2b_176\" style=\"left:65px;bottom:817px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">Year ended 31 December 2021 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t2d_176\" style=\"left:563px;bottom:817px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t2f_176\" style=\"left:629px;bottom:817px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t2i_176\" style=\"left:695px;bottom:817px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t2k_176\" style=\"left:761px;bottom:817px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t2m_176\" style=\"left:827px;bottom:817px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s6_176\" id=\"t2n_176\" style=\"left:65px;bottom:800px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Depreciation and amortisation </div><div class=\"t s7_176\" id=\"t2o_176\" style=\"vertical-align: super;left:215px;bottom:806px;display:inline;\">a </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t2p_176\" style=\"left:563px;bottom:800px;letter-spacing:-0.16px;display:inline;\">30 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t2q_176\" style=\"left:632px;bottom:800px;letter-spacing:-0.23px;display:inline;\">18 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t2r_176\" style=\"left:703px;bottom:800px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t2s_176\" style=\"left:762px;bottom:800px;letter-spacing:0.01px;display:inline;\">44 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t2t_176\" style=\"left:828px;bottom:800px;letter-spacing:-0.11px;display:inline;\">98 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t2u_176\" style=\"left:65px;bottom:781px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Contract assets deduction in revenue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t2v_176\" style=\"left:567px;bottom:781px;letter-spacing:-0.32px;display:inline;\">17 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t2w_176\" style=\"left:633px;bottom:781px;letter-spacing:-0.32px;display:inline;\">17 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t2x_176\" style=\"left:705px;bottom:781px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t2y_176\" style=\"left:770px;bottom:781px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t2z_176\" style=\"left:828px;bottom:781px;letter-spacing:-0.09px;display:inline;\">35 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t30_176\" style=\"left:65px;bottom:763px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">Equity-settled share-based payments cost </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t31_176\" style=\"left:571px;bottom:763px;display:inline;\">8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t32_176\" style=\"left:636px;bottom:763px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t33_176\" style=\"left:703px;bottom:763px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t34_176\" style=\"left:767px;bottom:763px;letter-spacing:-0.3px;display:inline;\">11 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t35_176\" style=\"left:829px;bottom:763px;letter-spacing:-0.26px;display:inline;\">26 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t36_176\" style=\"left:65px;bottom:744px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Share of losses of associates </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t37_176\" style=\"left:571px;bottom:744px;display:inline;\">7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t38_176\" style=\"left:639px;bottom:744px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t39_176\" style=\"left:703px;bottom:744px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t3a_176\" style=\"left:770px;bottom:744px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t3b_176\" style=\"left:835px;bottom:744px;display:inline;\">8 </div></td></tr></table>\n<div class=\"t sb_176\" id=\"t3c_176\" style=\"left:65px;bottom:721px;display:inline;\">a </div><div class=\"t sa_176\" id=\"t3d_176\" style=\"left:74px;bottom:717px;letter-spacing:0.04px;word-spacing:-0.15px;display:inline;\">Includes $17m (2022: $15m, 2021: $20m) relating to cost of sales in owned, leased and managed lease hotels and $50m (2022: $53m, 2021: $78m) relating to other assets. A further </div><div class=\"t sa_176\" id=\"t3e_176\" style=\"left:74px;bottom:706px;letter-spacing:0.06px;word-spacing:-0.16px;display:inline;\">$83m (2022: $86m, 2021: $94m) was recorded within System Fund and reimbursable expenses. </div><div class=\"t s3_176\" id=\"t3f_176\" style=\"left:65px;bottom:674px;word-spacing:-0.13px;display:inline;\">Capital expenditure </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"t3l_176\" style=\"left:675px;bottom:660px;letter-spacing:0.09px;display:inline;\">Greater </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"t3h_176\" style=\"left:535px;bottom:649px;letter-spacing:0.11px;display:inline;\">Americas </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"t3j_176\" style=\"left:610px;bottom:649px;letter-spacing:0.22px;display:inline;\">EMEAA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"t3m_176\" style=\"left:683px;bottom:649px;letter-spacing:0.12px;display:inline;\">China </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"t3o_176\" style=\"left:742px;bottom:649px;letter-spacing:0.1px;display:inline;\">Central </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"t3q_176\" style=\"left:813px;bottom:649px;letter-spacing:0.12px;display:inline;\">Group </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_176\" id=\"t3g_176\" style=\"left:65px;bottom:638px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">Year ended 31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"t3i_176\" style=\"left:562px;bottom:638px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"t3k_176\" style=\"left:629px;bottom:638px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"t3n_176\" style=\"left:695px;bottom:638px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"t3p_176\" style=\"left:761px;bottom:638px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"t3r_176\" style=\"left:827px;bottom:638px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t3s_176\" style=\"left:65px;bottom:621px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Capital expenditure per management reporting </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t3t_176\" style=\"left:559px;bottom:621px;letter-spacing:-0.22px;display:inline;\">128 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t3u_176\" style=\"left:629px;bottom:621px;letter-spacing:-0.14px;display:inline;\">35 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t3v_176\" style=\"left:702px;bottom:621px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t3w_176\" style=\"left:762px;bottom:621px;letter-spacing:-0.26px;display:inline;\">87 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t3x_176\" style=\"left:821px;bottom:621px;letter-spacing:-0.14px;display:inline;\">253 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t3y_176\" style=\"left:65px;bottom:602px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Contract acquisition costs </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t3z_176\" style=\"left:561px;bottom:602px;letter-spacing:-0.44px;display:inline;\">(74) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t40_176\" style=\"left:628px;bottom:602px;letter-spacing:-0.36px;display:inline;\">(31) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t41_176\" style=\"left:699px;bottom:602px;letter-spacing:-0.42px;display:inline;\">(3) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t42_176\" style=\"left:769px;bottom:602px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t43_176\" style=\"left:819px;bottom:602px;letter-spacing:-0.3px;display:inline;\">(108) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t44_176\" style=\"left:65px;bottom:584px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Timing di\ufb00erences and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t45_176\" style=\"left:572px;bottom:584px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t46_176\" style=\"left:633px;bottom:584px;letter-spacing:-0.29px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t47_176\" style=\"left:703px;bottom:584px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t48_176\" style=\"left:765px;bottom:584px;letter-spacing:-0.06px;display:inline;\">(7) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t49_176\" style=\"left:831px;bottom:584px;letter-spacing:-0.41px;display:inline;\">(8) </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4a_176\" style=\"left:65px;bottom:565px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">Additions per the Group Financial Statements </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4b_176\" style=\"left:564px;bottom:565px;letter-spacing:-0.17px;display:inline;\">55 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4c_176\" style=\"left:636px;bottom:565px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4d_176\" style=\"left:703px;bottom:565px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4e_176\" style=\"left:760px;bottom:565px;letter-spacing:-0.23px;display:inline;\">80 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4f_176\" style=\"left:824px;bottom:565px;letter-spacing:-0.25px;display:inline;\">137 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t4g_176\" style=\"left:65px;bottom:528px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Comprising additions to: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"tcs-selection-enabled tcs-selected\" colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t4h_176\" style=\"left:73px;bottom:510px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Goodwill and other intangible assets </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4i_176\" style=\"left:571px;bottom:510px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4j_176\" style=\"left:637px;bottom:510px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4k_176\" style=\"left:703px;bottom:510px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4l_176\" style=\"left:761px;bottom:510px;letter-spacing:-0.16px;display:inline;\">53 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4m_176\" style=\"left:828px;bottom:510px;letter-spacing:-0.16px;display:inline;\">53 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t4n_176\" style=\"left:73px;bottom:491px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Property, plant and equipment </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4o_176\" style=\"left:570px;bottom:491px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4p_176\" style=\"left:636px;bottom:491px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4q_176\" style=\"left:703px;bottom:491px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4r_176\" style=\"left:764px;bottom:491px;letter-spacing:-0.18px;display:inline;\">15 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4s_176\" style=\"left:830px;bottom:491px;letter-spacing:-0.15px;display:inline;\">21 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t4t_176\" style=\"left:73px;bottom:472px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Investment in associates </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4u_176\" style=\"left:570px;bottom:472px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4v_176\" style=\"left:637px;bottom:472px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4w_176\" style=\"left:703px;bottom:472px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4x_176\" style=\"left:769px;bottom:472px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4y_176\" style=\"left:834px;bottom:472px;display:inline;\">3 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_176\" id=\"t4z_176\" style=\"left:73px;bottom:454px;letter-spacing:-0.19px;word-spacing:-0.16px;display:inline;\">Other financial assets </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t50_176\" style=\"left:563px;bottom:454px;letter-spacing:-0.13px;display:inline;\">48 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t51_176\" style=\"left:637px;bottom:454px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t52_176\" style=\"left:703px;bottom:454px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t53_176\" style=\"left:764px;bottom:454px;letter-spacing:-0.25px;display:inline;\">12 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t54_176\" style=\"left:826px;bottom:454px;letter-spacing:-0.2px;display:inline;\">60 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t55_176\" style=\"left:564px;bottom:434px;letter-spacing:-0.17px;display:inline;\">55 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t56_176\" style=\"left:636px;bottom:434px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t57_176\" style=\"left:703px;bottom:434px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t58_176\" style=\"left:760px;bottom:434px;letter-spacing:-0.23px;display:inline;\">80 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t59_176\" style=\"left:824px;bottom:434px;letter-spacing:-0.25px;display:inline;\">137 </div></td></tr></table><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t5f_176\" style=\"left:677px;bottom:406px;letter-spacing:0.05px;display:inline;\">Greater </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t5b_176\" style=\"left:537px;bottom:395px;letter-spacing:0.1px;display:inline;\">Americas </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t5d_176\" style=\"left:612px;bottom:395px;letter-spacing:0.25px;display:inline;\">EMEAA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t5g_176\" style=\"left:684px;bottom:395px;letter-spacing:0.09px;display:inline;\">China </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t5i_176\" style=\"left:744px;bottom:395px;letter-spacing:0.07px;display:inline;\">Central </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t5k_176\" style=\"left:814px;bottom:395px;letter-spacing:0.08px;display:inline;\">Group </div></td></tr><tr><td class=\"tcs-selection-enabled tcs-selected\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_176\" id=\"t5a_176\" style=\"left:65px;bottom:384px;letter-spacing:0.08px;word-spacing:-0.17px;display:inline;\">Year ended 31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t5c_176\" style=\"left:563px;bottom:384px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t5e_176\" style=\"left:629px;bottom:384px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t5h_176\" style=\"left:695px;bottom:384px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t5j_176\" style=\"left:761px;bottom:384px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t5l_176\" style=\"left:827px;bottom:384px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t5m_176\" style=\"left:65px;bottom:366px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Capital expenditure per management reporting </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t5n_176\" style=\"left:567px;bottom:366px;letter-spacing:-0.01px;display:inline;\">71 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t5o_176\" style=\"left:633px;bottom:366px;letter-spacing:-0.03px;display:inline;\">21 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t5p_176\" style=\"left:703px;bottom:366px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t5q_176\" style=\"left:763px;bottom:366px;letter-spacing:-0.22px;display:inline;\">67 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t5r_176\" style=\"left:826px;bottom:366px;letter-spacing:-0.13px;display:inline;\">161 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t5s_176\" style=\"left:65px;bottom:348px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Contract acquisition costs </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t5t_176\" style=\"left:562px;bottom:348px;letter-spacing:-0.3px;display:inline;\">(47) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t5u_176\" style=\"left:629px;bottom:348px;letter-spacing:-0.28px;display:inline;\">(16) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t5v_176\" style=\"left:702px;bottom:348px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t5w_176\" style=\"left:770px;bottom:348px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t5x_176\" style=\"left:825px;bottom:348px;letter-spacing:-0.3px;display:inline;\">(64) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t5y_176\" style=\"left:65px;bottom:329px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Lease incentives received </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t5z_176\" style=\"left:571px;bottom:329px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t60_176\" style=\"left:637px;bottom:329px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t61_176\" style=\"left:704px;bottom:329px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t62_176\" style=\"left:769px;bottom:329px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t63_176\" style=\"left:835px;bottom:329px;display:inline;\">6 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t64_176\" style=\"left:65px;bottom:311px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Timing di\ufb00erences and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t65_176\" style=\"left:571px;bottom:311px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t66_176\" style=\"left:637px;bottom:311px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t67_176\" style=\"left:702px;bottom:311px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t68_176\" style=\"left:769px;bottom:311px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t69_176\" style=\"left:837px;bottom:311px;display:inline;\">1 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_176\" id=\"t6a_176\" style=\"left:65px;bottom:292px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">Additions per the Group Financial Statements </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6b_176\" style=\"left:565px;bottom:292px;letter-spacing:-0.38px;display:inline;\">24 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6c_176\" style=\"left:637px;bottom:292px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6d_176\" style=\"left:703px;bottom:292px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6e_176\" style=\"left:763px;bottom:292px;letter-spacing:-0.13px;display:inline;\">75 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6f_176\" style=\"left:823px;bottom:292px;letter-spacing:-0.2px;display:inline;\">104 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6g_176\" style=\"left:65px;bottom:255px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Comprising additions to: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6h_176\" style=\"left:73px;bottom:237px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Goodwill and other intangible assets </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6i_176\" style=\"left:571px;bottom:237px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6j_176\" style=\"left:637px;bottom:237px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6k_176\" style=\"left:703px;bottom:237px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6l_176\" style=\"left:762px;bottom:237px;letter-spacing:-0.1px;display:inline;\">46 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6m_176\" style=\"left:828px;bottom:237px;letter-spacing:-0.1px;display:inline;\">46 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6n_176\" style=\"left:73px;bottom:218px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Property, plant and equipment </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6o_176\" style=\"left:565px;bottom:218px;letter-spacing:-0.24px;display:inline;\">23 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6p_176\" style=\"left:637px;bottom:218px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6q_176\" style=\"left:703px;bottom:218px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6r_176\" style=\"left:763px;bottom:218px;letter-spacing:-0.17px;display:inline;\">29 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6s_176\" style=\"left:829px;bottom:218px;letter-spacing:-0.24px;display:inline;\">57 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6t_176\" style=\"left:73px;bottom:200px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Investment in associates </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6u_176\" style=\"left:573px;bottom:200px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6v_176\" style=\"left:637px;bottom:200px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6w_176\" style=\"left:703px;bottom:200px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6x_176\" style=\"left:770px;bottom:200px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6y_176\" style=\"left:837px;bottom:200px;display:inline;\">1 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6z_176\" style=\"left:565px;bottom:180px;letter-spacing:-0.38px;display:inline;\">24 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t70_176\" style=\"left:637px;bottom:180px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t71_176\" style=\"left:703px;bottom:180px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t72_176\" style=\"left:763px;bottom:180px;letter-spacing:-0.13px;display:inline;\">75 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t73_176\" style=\"left:823px;bottom:180px;letter-spacing:-0.2px;display:inline;\">104 </div></td></tr></table>\n<div class=\"t s3_176\" id=\"t74_176\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t sd_176\" id=\"t75_176\" style=\"left:65px;bottom:31px;letter-spacing:-0.42px;display:inline;\"></div><div></div><div class=\"t s2_177\" id=\"t3_177\" style=\"left:65px;bottom:1100px;letter-spacing:0.01px;word-spacing:-0.14px;display:inline;\">Geographical information </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_177\" id=\"t5_177\" style=\"left:686px;bottom:1089px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_177\" id=\"t7_177\" style=\"left:753px;bottom:1089px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_177\" id=\"t9_177\" style=\"left:821px;bottom:1089px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_177\" id=\"t4_177\" style=\"left:65px;bottom:1079px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">Year ended 31 December </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_177\" id=\"t6_177\" style=\"left:695px;bottom:1079px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_177\" id=\"t8_177\" style=\"left:761px;bottom:1079px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_177\" id=\"ta_177\" style=\"left:827px;bottom:1079px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"tb_177\" style=\"left:65px;bottom:1060px;letter-spacing:-0.28px;display:inline;\">Revenue </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"tc_177\" style=\"left:65px;bottom:1041px;letter-spacing:-0.23px;word-spacing:-0.15px;display:inline;\">United Kingdom </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"td_177\" style=\"left:689px;bottom:1041px;letter-spacing:-0.17px;display:inline;\">263 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"te_177\" style=\"left:756px;bottom:1041px;letter-spacing:-0.18px;display:inline;\">243 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"tf_177\" style=\"left:825px;bottom:1041px;letter-spacing:-0.31px;display:inline;\">142 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"tg_177\" style=\"left:65px;bottom:1022px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">United States </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"th_177\" style=\"left:683px;bottom:1022px;letter-spacing:-0.17px;display:inline;\">1,777 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"ti_177\" style=\"left:749px;bottom:1022px;letter-spacing:-0.21px;display:inline;\">1,659 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"tj_177\" style=\"left:815px;bottom:1022px;letter-spacing:-0.16px;display:inline;\">1,263 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"tk_177\" style=\"left:65px;bottom:1004px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Rest of World </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"tl_177\" style=\"left:680px;bottom:1004px;letter-spacing:-0.27px;display:inline;\">1,020 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"tm_177\" style=\"left:757px;bottom:1004px;letter-spacing:-0.08px;display:inline;\">773 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"tn_177\" style=\"left:823px;bottom:1004px;letter-spacing:-0.52px;display:inline;\">574 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"to_177\" style=\"left:677px;bottom:985px;letter-spacing:-0.27px;display:inline;\">3,060 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"tp_177\" style=\"left:748px;bottom:985px;letter-spacing:-0.21px;display:inline;\">2,675 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"tq_177\" style=\"left:815px;bottom:985px;letter-spacing:-0.25px;display:inline;\">1,979 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"tr_177\" style=\"left:65px;bottom:967px;letter-spacing:-0.29px;word-spacing:-0.07px;display:inline;\">System Fund revenues (note 32) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"ts_177\" style=\"left:681px;bottom:967px;letter-spacing:-0.19px;display:inline;\">1,564 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"tt_177\" style=\"left:752px;bottom:967px;letter-spacing:-0.16px;display:inline;\">1,217 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"tu_177\" style=\"left:822px;bottom:967px;letter-spacing:-0.22px;display:inline;\">928 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"tv_177\" style=\"left:679px;bottom:948px;letter-spacing:-0.25px;display:inline;\">4,624 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"tw_177\" style=\"left:747px;bottom:948px;letter-spacing:-0.17px;display:inline;\">3,892 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"tx_177\" style=\"left:813px;bottom:948px;letter-spacing:-0.21px;display:inline;\">2,907 </div></td></tr></table>\n<div class=\"t s8_177\" id=\"ty_177\" style=\"left:65px;bottom:919px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">For the purposes of the above table, fee business, owned, leased and managed lease and reimbursable revenues are determined according </div><div class=\"t s8_177\" id=\"tz_177\" style=\"left:65px;bottom:903px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">to the location of the hotel and other revenue is attributed to the country of origin. In addition to the United Kingdom, revenue relating to an </div><div class=\"t s8_177\" id=\"t10_177\" style=\"left:65px;bottom:888px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">individual country is separately disclosed when it represents 10% or more of total revenue. System Fund revenues are not included in the </div><div class=\"t s8_177\" id=\"t11_177\" style=\"left:65px;bottom:873px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">geographical analysis as the Group does not monitor the Fund\u2019s revenue by location of the hotel or, in the case of the loyalty programme, </div><div class=\"t s8_177\" id=\"t12_177\" style=\"left:65px;bottom:858px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">according to the location where members consume their rewards. </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_177\" id=\"t14_177\" style=\"left:752px;bottom:829px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_177\" id=\"t16_177\" style=\"left:819px;bottom:829px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_177\" id=\"t13_177\" style=\"left:65px;bottom:818px;letter-spacing:0.12px;word-spacing:-0.21px;display:inline;\">31 December </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_177\" id=\"t15_177\" style=\"left:761px;bottom:818px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_177\" id=\"t17_177\" style=\"left:827px;bottom:818px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t18_177\" style=\"left:65px;bottom:800px;letter-spacing:-0.17px;word-spacing:-0.2px;display:inline;\">Non-current assets </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t19_177\" style=\"left:65px;bottom:782px;letter-spacing:-0.23px;word-spacing:-0.15px;display:inline;\">United Kingdom </div></td><td class=\"tcs-selection-enabled tcs-selected\" colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t1a_177\" style=\"left:755px;bottom:782px;letter-spacing:-0.19px;display:inline;\">100 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t1b_177\" style=\"left:824px;bottom:782px;letter-spacing:-0.19px;display:inline;\">102 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t1c_177\" style=\"left:65px;bottom:763px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">United States </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t1d_177\" style=\"left:747px;bottom:763px;letter-spacing:-0.21px;display:inline;\">1,332 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t1e_177\" style=\"left:814px;bottom:763px;letter-spacing:-0.17px;display:inline;\">1,308 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t1f_177\" style=\"left:65px;bottom:745px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Rest of World </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t1g_177\" style=\"left:753px;bottom:745px;letter-spacing:-0.18px;display:inline;\">660 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t1h_177\" style=\"left:824px;bottom:745px;letter-spacing:-0.12px;display:inline;\">621 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t1i_177\" style=\"left:745px;bottom:726px;letter-spacing:-0.21px;display:inline;\">2,092 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t1j_177\" style=\"left:815px;bottom:726px;letter-spacing:-0.22px;display:inline;\">2,031 </div></td></tr></table>\n<div class=\"t s8_177\" id=\"t1k_177\" style=\"left:65px;bottom:697px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">For the purposes of the above table, non-current assets comprise goodwill and other intangible assets, property, plant and equipment, </div><div class=\"t s8_177\" id=\"t1l_177\" style=\"left:65px;bottom:681px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">right-of-use assets, investments in associates and joint ventures, non-current other receivables, non-current contract costs and non-current </div><div class=\"t s8_177\" id=\"t1m_177\" style=\"left:65px;bottom:666px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">contract assets. In addition to the United Kingdom, non-current assets relating to an individual country are separately disclosed when they </div><div class=\"t s8_177\" id=\"t1n_177\" style=\"left:65px;bottom:651px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">represent 10% or more of total non-current assets, as de</div><div class=\"t s9_177\" id=\"t1o_177\" style=\"left:377px;bottom:651px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">fined above. </div><div class=\"t s0_177\" id=\"t1p_177\" style=\"left:65px;bottom:620px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">3. Revenue </div><div class=\"t s2_177\" id=\"t1q_177\" style=\"left:65px;bottom:605px;word-spacing:-0.13px;display:inline;\">Disaggregation of revenue </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_177\" id=\"t1w_177\" style=\"left:651px;bottom:591px;letter-spacing:0.09px;display:inline;\">Greater </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_177\" id=\"t1s_177\" style=\"left:511px;bottom:580px;letter-spacing:0.11px;display:inline;\">Americas </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_177\" id=\"t1u_177\" style=\"left:586px;bottom:580px;letter-spacing:0.22px;display:inline;\">EMEAA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_177\" id=\"t1x_177\" style=\"left:659px;bottom:580px;letter-spacing:0.12px;display:inline;\">China </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_177\" id=\"t1z_177\" style=\"left:730px;bottom:580px;letter-spacing:0.1px;display:inline;\">Central </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_177\" id=\"t21_177\" style=\"left:813px;bottom:580px;letter-spacing:0.12px;display:inline;\">Group </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_177\" id=\"t1r_177\" style=\"left:65px;bottom:569px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">Year ended 31 December 2023 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_177\" id=\"t1t_177\" style=\"left:539px;bottom:569px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_177\" id=\"t1v_177\" style=\"left:605px;bottom:569px;letter-spacing:0.19px;display:inline;\">$m </div></td><td class=\"tcs-selection-enabled tcs-selected\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_177\" id=\"t1y_177\" style=\"left:671px;bottom:569px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_177\" id=\"t20_177\" style=\"left:749px;bottom:569px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_177\" id=\"t22_177\" style=\"left:827px;bottom:569px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t23_177\" style=\"left:65px;bottom:552px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Franchise and base management fees </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t24_177\" style=\"left:532px;bottom:552px;letter-spacing:-0.22px;display:inline;\">936 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t25_177\" style=\"left:599px;bottom:552px;letter-spacing:-0.14px;display:inline;\">253 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t26_177\" style=\"left:669px;bottom:552px;letter-spacing:-0.24px;display:inline;\">115 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t27_177\" style=\"left:757px;bottom:552px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t28_177\" style=\"left:812px;bottom:552px;letter-spacing:-0.21px;display:inline;\">1,304 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t29_177\" style=\"left:65px;bottom:533px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Incentive management fees </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2a_177\" style=\"left:542px;bottom:533px;letter-spacing:-0.15px;display:inline;\">21 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2b_177\" style=\"left:602px;bottom:533px;letter-spacing:-0.19px;display:inline;\">101 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2c_177\" style=\"left:671px;bottom:533px;letter-spacing:-0.17px;display:inline;\">46 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2d_177\" style=\"left:757px;bottom:533px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2e_177\" style=\"left:823px;bottom:533px;letter-spacing:-0.19px;display:inline;\">168 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t2f_177\" style=\"left:65px;bottom:514px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Central revenue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2g_177\" style=\"left:547px;bottom:514px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2h_177\" style=\"left:613px;bottom:514px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2i_177\" style=\"left:679px;bottom:514px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2j_177\" style=\"left:741px;bottom:514px;letter-spacing:-0.18px;display:inline;\">200 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2k_177\" style=\"left:819px;bottom:514px;letter-spacing:-0.18px;display:inline;\">200 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t2l_177\" style=\"left:65px;bottom:496px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Revenue from fee business </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2m_177\" style=\"left:534px;bottom:496px;letter-spacing:-0.24px;display:inline;\">957 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2n_177\" style=\"left:599px;bottom:496px;letter-spacing:-0.14px;display:inline;\">354 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2o_177\" style=\"left:669px;bottom:496px;letter-spacing:-0.19px;display:inline;\">161 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2p_177\" style=\"left:741px;bottom:496px;letter-spacing:-0.18px;display:inline;\">200 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2q_177\" style=\"left:814px;bottom:496px;letter-spacing:-0.27px;display:inline;\">1,672 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t2r_177\" style=\"left:65px;bottom:477px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Revenue from owned, leased and managed lease hotels </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2s_177\" style=\"left:535px;bottom:477px;letter-spacing:-0.24px;display:inline;\">148 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2t_177\" style=\"left:599px;bottom:477px;letter-spacing:-0.24px;display:inline;\">323 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2u_177\" style=\"left:679px;bottom:477px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2v_177\" style=\"left:757px;bottom:477px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2w_177\" style=\"left:824px;bottom:477px;letter-spacing:-0.32px;display:inline;\">471 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t2x_177\" style=\"left:65px;bottom:459px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Revenue from insurance activities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2y_177\" style=\"left:547px;bottom:459px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2z_177\" style=\"left:613px;bottom:459px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t30_177\" style=\"left:679px;bottom:459px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t31_177\" style=\"left:752px;bottom:459px;letter-spacing:-0.15px;display:inline;\">21 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t32_177\" style=\"left:830px;bottom:459px;letter-spacing:-0.15px;display:inline;\">21 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t33_177\" style=\"left:527px;bottom:440px;letter-spacing:-0.31px;display:inline;\">1,105 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t34_177\" style=\"left:600px;bottom:440px;letter-spacing:-0.1px;display:inline;\">677 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t35_177\" style=\"left:669px;bottom:440px;letter-spacing:-0.19px;display:inline;\">161 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t36_177\" style=\"left:746px;bottom:440px;letter-spacing:-0.09px;display:inline;\">221 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t37_177\" style=\"left:813px;bottom:440px;letter-spacing:-0.26px;display:inline;\">2,164 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t38_177\" style=\"left:65px;bottom:422px;letter-spacing:-0.29px;word-spacing:-0.07px;display:inline;\">System Fund revenues (note 32) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t39_177\" style=\"left:813px;bottom:422px;letter-spacing:-0.19px;display:inline;\">1,564 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t3a_177\" style=\"left:65px;bottom:403px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">Reimbursable revenues (note 32) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t3b_177\" style=\"left:820px;bottom:403px;letter-spacing:-0.16px;display:inline;\">896 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t3c_177\" style=\"left:65px;bottom:385px;letter-spacing:-0.3px;word-spacing:-0.07px;display:inline;\">Total revenue </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t3d_177\" style=\"left:811px;bottom:385px;letter-spacing:-0.25px;display:inline;\">4,624 </div></td></tr></table><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_177\" id=\"t3j_177\" style=\"left:653px;bottom:364px;letter-spacing:0.05px;display:inline;\">Greater </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_177\" id=\"t3m_177\" style=\"left:732px;bottom:364px;letter-spacing:0.07px;display:inline;\">Central </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_177\" id=\"t3q_177\" style=\"left:814px;bottom:364px;letter-spacing:0.08px;display:inline;\">Group </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_177\" id=\"t3f_177\" style=\"left:513px;bottom:353px;letter-spacing:0.1px;display:inline;\">Americas </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_177\" id=\"t3h_177\" style=\"left:588px;bottom:353px;letter-spacing:0.25px;display:inline;\">EMEAA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_177\" id=\"t3k_177\" style=\"left:660px;bottom:353px;letter-spacing:0.09px;display:inline;\">China </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s5_177\" id=\"t3n_177\" style=\"left:706px;bottom:353px;letter-spacing:0.1px;display:inline;\">Re-presented </div><div class=\"t sa_177\" id=\"t3o_177\" style=\"vertical-align: super;left:764px;bottom:359px;display:inline;\">a </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s5_177\" id=\"t3r_177\" style=\"left:784px;bottom:353px;letter-spacing:0.1px;display:inline;\">Re-presented </div><div class=\"t sa_177\" id=\"t3s_177\" style=\"vertical-align: super;left:842px;bottom:359px;display:inline;\">a </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_177\" id=\"t3e_177\" style=\"left:65px;bottom:342px;letter-spacing:0.08px;word-spacing:-0.17px;display:inline;\">Year ended 31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_177\" id=\"t3g_177\" style=\"left:539px;bottom:342px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_177\" id=\"t3i_177\" style=\"left:605px;bottom:342px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_177\" id=\"t3l_177\" style=\"left:671px;bottom:342px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_177\" id=\"t3p_177\" style=\"left:749px;bottom:342px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_177\" id=\"t3t_177\" style=\"left:827px;bottom:342px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t3u_177\" style=\"left:65px;bottom:325px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Franchise and base management fees </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t3v_177\" style=\"left:536px;bottom:325px;letter-spacing:-0.11px;display:inline;\">861 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t3w_177\" style=\"left:603px;bottom:325px;letter-spacing:-0.11px;display:inline;\">215 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t3x_177\" style=\"left:675px;bottom:325px;letter-spacing:-0.01px;display:inline;\">71 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t3y_177\" style=\"left:758px;bottom:325px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t3z_177\" style=\"left:819px;bottom:325px;letter-spacing:-0.41px;display:inline;\">1,147 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t40_177\" style=\"left:65px;bottom:306px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Incentive management fees </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t41_177\" style=\"left:543px;bottom:306px;letter-spacing:-0.23px;display:inline;\">18 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t42_177\" style=\"left:606px;bottom:306px;letter-spacing:-0.1px;display:inline;\">69 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t43_177\" style=\"left:674px;bottom:306px;letter-spacing:-0.2px;display:inline;\">16 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t44_177\" style=\"left:758px;bottom:306px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t45_177\" style=\"left:823px;bottom:306px;letter-spacing:-0.18px;display:inline;\">103 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t46_177\" style=\"left:65px;bottom:288px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Central revenue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t47_177\" style=\"left:548px;bottom:288px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t48_177\" style=\"left:614px;bottom:288px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t49_177\" style=\"left:680px;bottom:288px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4a_177\" style=\"left:746px;bottom:288px;letter-spacing:-0.15px;display:inline;\">184 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4b_177\" style=\"left:824px;bottom:288px;letter-spacing:-0.15px;display:inline;\">184 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4c_177\" style=\"left:65px;bottom:268px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Revenue from fee business </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4d_177\" style=\"left:535px;bottom:268px;letter-spacing:-0.27px;display:inline;\">879 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4e_177\" style=\"left:600px;bottom:268px;letter-spacing:-0.18px;display:inline;\">284 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4f_177\" style=\"left:673px;bottom:268px;letter-spacing:-0.29px;display:inline;\">87 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4g_177\" style=\"left:746px;bottom:268px;letter-spacing:-0.15px;display:inline;\">184 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4h_177\" style=\"left:814px;bottom:268px;letter-spacing:-0.14px;display:inline;\">1,434 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4i_177\" style=\"left:65px;bottom:249px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Revenue from owned, leased and managed lease hotels </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4j_177\" style=\"left:537px;bottom:249px;letter-spacing:-0.26px;display:inline;\">126 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4k_177\" style=\"left:600px;bottom:249px;letter-spacing:-0.19px;display:inline;\">268 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4l_177\" style=\"left:680px;bottom:249px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4m_177\" style=\"left:758px;bottom:249px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4n_177\" style=\"left:821px;bottom:249px;letter-spacing:-0.16px;display:inline;\">394 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4o_177\" style=\"left:65px;bottom:231px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Revenue from insurance activities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4p_177\" style=\"left:548px;bottom:231px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4q_177\" style=\"left:614px;bottom:231px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4r_177\" style=\"left:680px;bottom:231px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4s_177\" style=\"left:753px;bottom:231px;letter-spacing:-0.17px;display:inline;\">15 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4t_177\" style=\"left:831px;bottom:231px;letter-spacing:-0.17px;display:inline;\">15 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4u_177\" style=\"left:525px;bottom:212px;letter-spacing:-0.21px;display:inline;\">1,005 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4v_177\" style=\"left:601px;bottom:212px;letter-spacing:-0.26px;display:inline;\">552 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4w_177\" style=\"left:673px;bottom:212px;letter-spacing:-0.29px;display:inline;\">87 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4x_177\" style=\"left:746px;bottom:212px;letter-spacing:-0.14px;display:inline;\">199 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4y_177\" style=\"left:814px;bottom:212px;letter-spacing:-0.13px;display:inline;\">1,843 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4z_177\" style=\"left:65px;bottom:194px;letter-spacing:-0.29px;word-spacing:-0.07px;display:inline;\">System Fund revenues (note 32) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t50_177\" style=\"left:818px;bottom:194px;letter-spacing:-0.16px;display:inline;\">1,217 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t51_177\" style=\"left:65px;bottom:175px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">Reimbursable revenues (note 32) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t52_177\" style=\"left:822px;bottom:175px;letter-spacing:-0.16px;display:inline;\">832 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_177\" id=\"t53_177\" style=\"left:65px;bottom:157px;letter-spacing:-0.3px;word-spacing:-0.07px;display:inline;\">Total revenue </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t54_177\" style=\"left:813px;bottom:157px;letter-spacing:-0.17px;display:inline;\">3,892 </div></td></tr></table>\n<div class=\"t sc_177\" id=\"t55_177\" style=\"left:65px;bottom:133px;display:inline;\">a </div><div class=\"t s5_177\" id=\"t56_177\" style=\"left:74px;bottom:129px;letter-spacing:0.04px;word-spacing:-0.15px;display:inline;\">Re-presented for the adoption of IFRS 17 \u2018Insurance Contracts\u2019 (see New accounting standards and other presentational changes). </div><div class=\"t sd_177\" id=\"t57_177\" style=\"left:65px;bottom:31px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\"></div><div class=\"t m0_177 se_177\" id=\"t58_177\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"></div><div class=\"t sd_177\" id=\"t59_177\" style=\"left:826px;bottom:31px;letter-spacing:-0.03px;display:inline;\"></div><div></div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_178\" id=\"t8_178\" style=\"left:653px;bottom:1101px;letter-spacing:0.05px;display:inline;\">Greater </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_178\" id=\"tb_178\" style=\"left:732px;bottom:1101px;letter-spacing:0.07px;display:inline;\">Central </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_178\" id=\"tf_178\" style=\"left:814px;bottom:1101px;letter-spacing:0.08px;display:inline;\">Group </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_178\" id=\"t4_178\" style=\"left:513px;bottom:1090px;letter-spacing:0.1px;display:inline;\">Americas </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_178\" id=\"t6_178\" style=\"left:588px;bottom:1090px;letter-spacing:0.25px;display:inline;\">EMEAA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_178\" id=\"t9_178\" style=\"left:660px;bottom:1090px;letter-spacing:0.09px;display:inline;\">China </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s3_178\" id=\"tc_178\" style=\"left:706px;bottom:1090px;letter-spacing:0.1px;display:inline;\">Re-presented </div><div class=\"t s4_178\" id=\"td_178\" style=\"vertical-align: super;left:764px;bottom:1096px;display:inline;\">a </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s3_178\" id=\"tg_178\" style=\"left:784px;bottom:1090px;letter-spacing:0.1px;display:inline;\">Re-presented </div><div class=\"t s4_178\" id=\"th_178\" style=\"vertical-align: super;left:842px;bottom:1096px;display:inline;\">a </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_178\" id=\"t3_178\" style=\"left:65px;bottom:1079px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">Year ended 31 December 2021 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_178\" id=\"t5_178\" style=\"left:539px;bottom:1079px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_178\" id=\"t7_178\" style=\"left:605px;bottom:1079px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_178\" id=\"ta_178\" style=\"left:671px;bottom:1079px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_178\" id=\"te_178\" style=\"left:749px;bottom:1079px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_178\" id=\"ti_178\" style=\"left:827px;bottom:1079px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"tj_178\" style=\"left:65px;bottom:1062px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Franchise and base management fees </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"tk_178\" style=\"left:533px;bottom:1062px;letter-spacing:-0.1px;display:inline;\">683 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"tl_178\" style=\"left:602px;bottom:1062px;letter-spacing:-0.26px;display:inline;\">120 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"tm_178\" style=\"left:674px;bottom:1062px;letter-spacing:-0.07px;display:inline;\">91 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"tn_178\" style=\"left:758px;bottom:1062px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"to_178\" style=\"left:821px;bottom:1062px;letter-spacing:-0.16px;display:inline;\">894 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"tp_178\" style=\"left:65px;bottom:1043px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Incentive management fees </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"tq_178\" style=\"left:547px;bottom:1043px;display:inline;\">8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"tr_178\" style=\"left:607px;bottom:1043px;letter-spacing:-0.17px;display:inline;\">29 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"ts_178\" style=\"left:673px;bottom:1043px;letter-spacing:-0.21px;display:inline;\">25 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"tt_178\" style=\"left:758px;bottom:1043px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"tu_178\" style=\"left:829px;bottom:1043px;letter-spacing:-0.21px;display:inline;\">62 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"tv_178\" style=\"left:65px;bottom:1025px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Central revenue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"tw_178\" style=\"left:548px;bottom:1025px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"tx_178\" style=\"left:614px;bottom:1025px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"ty_178\" style=\"left:680px;bottom:1025px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"tz_178\" style=\"left:746px;bottom:1025px;letter-spacing:-0.17px;display:inline;\">188 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t10_178\" style=\"left:824px;bottom:1025px;letter-spacing:-0.17px;display:inline;\">188 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t11_178\" style=\"left:65px;bottom:1006px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Revenue from fee business </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t12_178\" style=\"left:536px;bottom:1006px;letter-spacing:-0.08px;display:inline;\">691 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t13_178\" style=\"left:602px;bottom:1006px;letter-spacing:-0.22px;display:inline;\">149 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t14_178\" style=\"left:670px;bottom:1006px;letter-spacing:-0.25px;display:inline;\">116 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t15_178\" style=\"left:746px;bottom:1006px;letter-spacing:-0.17px;display:inline;\">188 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t16_178\" style=\"left:817px;bottom:1006px;letter-spacing:-0.3px;display:inline;\">1,144 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t17_178\" style=\"left:65px;bottom:988px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Revenue from owned, leased and managed lease hotels </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t18_178\" style=\"left:540px;bottom:988px;letter-spacing:-0.09px;display:inline;\">83 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t19_178\" style=\"left:602px;bottom:988px;letter-spacing:-0.14px;display:inline;\">154 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t1a_178\" style=\"left:680px;bottom:988px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t1b_178\" style=\"left:758px;bottom:988px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t1c_178\" style=\"left:823px;bottom:988px;letter-spacing:-0.26px;display:inline;\">237 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t1d_178\" style=\"left:65px;bottom:969px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Revenue from insurance activities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t1e_178\" style=\"left:548px;bottom:969px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t1f_178\" style=\"left:614px;bottom:969px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t1g_178\" style=\"left:680px;bottom:969px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t1h_178\" style=\"left:757px;bottom:969px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t1i_178\" style=\"left:835px;bottom:969px;display:inline;\">9 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t1j_178\" style=\"left:536px;bottom:951px;letter-spacing:-0.32px;display:inline;\">774 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t1k_178\" style=\"left:599px;bottom:951px;letter-spacing:-0.16px;display:inline;\">303 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t1l_178\" style=\"left:670px;bottom:951px;letter-spacing:-0.25px;display:inline;\">116 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t1m_178\" style=\"left:747px;bottom:951px;letter-spacing:-0.25px;display:inline;\">197 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t1n_178\" style=\"left:813px;bottom:951px;letter-spacing:-0.15px;display:inline;\">1,390 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t1o_178\" style=\"left:65px;bottom:932px;letter-spacing:-0.29px;word-spacing:-0.07px;display:inline;\">System Fund revenues (note 32) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t1p_178\" style=\"left:822px;bottom:932px;letter-spacing:-0.22px;display:inline;\">928 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t1q_178\" style=\"left:65px;bottom:914px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">Reimbursable revenues (note 32) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t1r_178\" style=\"left:822px;bottom:914px;letter-spacing:-0.15px;display:inline;\">589 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_178\" id=\"t1s_178\" style=\"left:65px;bottom:895px;letter-spacing:-0.3px;word-spacing:-0.07px;display:inline;\">Total revenue </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t1t_178\" style=\"left:813px;bottom:895px;letter-spacing:-0.21px;display:inline;\">2,907 </div></td></tr></table>\n<div class=\"t s7_178\" id=\"t1u_178\" style=\"left:65px;bottom:872px;display:inline;\">a </div><div class=\"t s3_178\" id=\"t1v_178\" style=\"left:74px;bottom:868px;letter-spacing:0.04px;word-spacing:-0.15px;display:inline;\">Re-presented for the adoption of IFRS 17 \u2018Insurance Contracts\u2019 (see New accounting standards and other presentational changes). </div><div class=\"t s8_178\" id=\"t1w_178\" style=\"left:65px;bottom:836px;letter-spacing:0.04px;word-spacing:-0.17px;display:inline;\">Contract balances </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_178\" id=\"t1x_178\" style=\"left:752px;bottom:822px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_178\" id=\"t1z_178\" style=\"left:819px;bottom:822px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_178\" id=\"t1y_178\" style=\"left:761px;bottom:811px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_178\" id=\"t20_178\" style=\"left:827px;bottom:811px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t21_178\" style=\"left:65px;bottom:794px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">Trade receivables (note 17) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t22_178\" style=\"left:754px;bottom:794px;letter-spacing:-0.22px;display:inline;\">580 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t23_178\" style=\"left:821px;bottom:794px;letter-spacing:-0.13px;display:inline;\">493 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t24_178\" style=\"left:65px;bottom:777px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">Contract assets </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t25_178\" style=\"left:754px;bottom:777px;letter-spacing:-0.17px;display:inline;\">459 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t26_178\" style=\"left:823px;bottom:777px;letter-spacing:-0.17px;display:inline;\">367 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t27_178\" style=\"left:65px;bottom:759px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">Deferred revenue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t28_178\" style=\"left:743px;bottom:759px;letter-spacing:-0.24px;display:inline;\">(1,848) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t29_178\" style=\"left:813px;bottom:759px;letter-spacing:-0.34px;display:inline;\">(1,724) </div></td></tr></table>\n<div class=\"t s8_178\" id=\"t2a_178\" style=\"left:65px;bottom:727px;letter-spacing:0.04px;word-spacing:-0.17px;display:inline;\">Contract assets </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_178\" id=\"t2b_178\" style=\"left:752px;bottom:713px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_178\" id=\"t2d_178\" style=\"left:819px;bottom:713px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_178\" id=\"t2c_178\" style=\"left:761px;bottom:702px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_178\" id=\"t2e_178\" style=\"left:827px;bottom:702px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2f_178\" style=\"left:65px;bottom:685px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">At 1 January </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t2g_178\" style=\"left:755px;bottom:685px;letter-spacing:-0.22px;display:inline;\">367 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2h_178\" style=\"left:821px;bottom:685px;letter-spacing:-0.1px;display:inline;\">346 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2i_178\" style=\"left:65px;bottom:668px;letter-spacing:-0.23px;display:inline;\">Additions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t2j_178\" style=\"left:757px;bottom:668px;letter-spacing:-0.18px;display:inline;\">129 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2k_178\" style=\"left:829px;bottom:668px;letter-spacing:-0.41px;display:inline;\">70 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2l_178\" style=\"left:65px;bottom:650px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Recognised as a deduction to revenue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t2m_178\" style=\"left:759px;bottom:650px;letter-spacing:-0.23px;display:inline;\">(37) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2n_178\" style=\"left:826px;bottom:650px;letter-spacing:-0.33px;display:inline;\">(32) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2o_178\" style=\"left:65px;bottom:633px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Impairment charges (note 6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t2p_178\" style=\"left:769px;bottom:633px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2q_178\" style=\"left:832px;bottom:633px;letter-spacing:-0.29px;display:inline;\">(5) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2r_178\" style=\"left:65px;bottom:615px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Impairment reversals (note 6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t2s_178\" style=\"left:769px;bottom:615px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2t_178\" style=\"left:835px;bottom:615px;display:inline;\">3 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2u_178\" style=\"left:65px;bottom:598px;letter-spacing:-0.25px;display:inline;\">Repayments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t2v_178\" style=\"left:765px;bottom:598px;letter-spacing:-0.06px;display:inline;\">(7) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2w_178\" style=\"left:832px;bottom:598px;letter-spacing:-0.4px;display:inline;\">(3) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2x_178\" style=\"left:65px;bottom:580px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t2y_178\" style=\"left:769px;bottom:580px;display:inline;\">7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2z_178\" style=\"left:828px;bottom:580px;letter-spacing:-0.3px;display:inline;\">(12) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t30_178\" style=\"left:65px;bottom:563px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t31_178\" style=\"left:754px;bottom:563px;letter-spacing:-0.17px;display:inline;\">459 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t32_178\" style=\"left:823px;bottom:563px;letter-spacing:-0.17px;display:inline;\">367 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t33_178\" style=\"left:65px;bottom:528px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Analysed as: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t34_178\" style=\"left:73px;bottom:511px;letter-spacing:-0.25px;display:inline;\">Current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t35_178\" style=\"left:761px;bottom:511px;letter-spacing:-0.14px;display:inline;\">35 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t36_178\" style=\"left:831px;bottom:511px;letter-spacing:-0.16px;display:inline;\">31 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t37_178\" style=\"left:73px;bottom:493px;letter-spacing:-0.19px;display:inline;\">Non-current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t38_178\" style=\"left:755px;bottom:493px;letter-spacing:-0.26px;display:inline;\">424 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t39_178\" style=\"left:822px;bottom:493px;letter-spacing:-0.12px;display:inline;\">336 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t3a_178\" style=\"left:754px;bottom:476px;letter-spacing:-0.17px;display:inline;\">459 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t3b_178\" style=\"left:823px;bottom:476px;letter-spacing:-0.17px;display:inline;\">367 </div></td></tr></table>\n<div class=\"t sb_178\" id=\"t3c_178\" style=\"left:65px;bottom:443px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">The Group also has future commitments for key money payments which are contingent upon future events and may reverse. </div><div class=\"t sb_178\" id=\"t3d_178\" style=\"left:65px;bottom:420px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">At 31 December 2023, the maximum exposure remaining under performance guarantees was $80m (2022: $75m). </div><div class=\"t s8_178\" id=\"t3e_178\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t sc_178\" id=\"t3f_178\" style=\"left:65px;bottom:31px;letter-spacing:-0.19px;display:inline;\"></div><div></div><div class=\"t s2_179\" id=\"t3_179\" style=\"left:65px;bottom:1100px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">Deferred revenue </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"t7_179\" style=\"left:617px;bottom:1086px;letter-spacing:0.13px;display:inline;\">Other </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"tb_179\" style=\"left:649px;bottom:1086px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">Application &amp; </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"t4_179\" style=\"left:544px;bottom:1075px;letter-spacing:0.02px;display:inline;\">Loyalty </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"t8_179\" style=\"left:602px;bottom:1075px;letter-spacing:0.14px;display:inline;\">co-brand </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"tc_179\" style=\"left:656px;bottom:1075px;letter-spacing:0.11px;display:inline;\">re-licensing </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"t5_179\" style=\"left:524px;bottom:1064px;letter-spacing:0.12px;display:inline;\">programme </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"t9_179\" style=\"left:624px;bottom:1064px;letter-spacing:0.12px;display:inline;\">fees </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"td_179\" style=\"left:690px;bottom:1064px;letter-spacing:0.12px;display:inline;\">fees </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"tf_179\" style=\"left:749px;bottom:1064px;letter-spacing:0.13px;display:inline;\">Other </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"th_179\" style=\"left:819px;bottom:1064px;letter-spacing:-0.08px;display:inline;\">Total </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"t6_179\" style=\"left:562px;bottom:1054px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"ta_179\" style=\"left:628px;bottom:1054px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"te_179\" style=\"left:694px;bottom:1054px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"tg_179\" style=\"left:760px;bottom:1054px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"ti_179\" style=\"left:826px;bottom:1054px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tj_179\" style=\"left:65px;bottom:1036px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">At 1 January 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tk_179\" style=\"left:551px;bottom:1036px;letter-spacing:-0.15px;display:inline;\">1,292 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tl_179\" style=\"left:629px;bottom:1036px;letter-spacing:0.01px;display:inline;\">44 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tm_179\" style=\"left:691px;bottom:1036px;letter-spacing:-0.13px;display:inline;\">163 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tn_179\" style=\"left:760px;bottom:1036px;letter-spacing:-0.34px;display:inline;\">114 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"to_179\" style=\"left:817px;bottom:1036px;letter-spacing:-0.22px;display:inline;\">1,613 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tp_179\" style=\"left:65px;bottom:1018px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Increase in deferred revenue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tq_179\" style=\"left:558px;bottom:1018px;letter-spacing:-0.17px;display:inline;\">532 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tr_179\" style=\"left:637px;bottom:1018px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"ts_179\" style=\"left:697px;bottom:1018px;letter-spacing:-0.16px;display:inline;\">27 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tt_179\" style=\"left:761px;bottom:1018px;letter-spacing:0.01px;display:inline;\">44 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tu_179\" style=\"left:820px;bottom:1018px;letter-spacing:-0.15px;display:inline;\">603 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tv_179\" style=\"left:65px;bottom:1001px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Recognised as revenue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tw_179\" style=\"left:557px;bottom:1001px;letter-spacing:-0.38px;display:inline;\">(413) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tx_179\" style=\"left:631px;bottom:1001px;letter-spacing:-0.33px;display:inline;\">(11) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"ty_179\" style=\"left:693px;bottom:1001px;letter-spacing:-0.26px;display:inline;\">(23) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tz_179\" style=\"left:758px;bottom:1001px;letter-spacing:-0.32px;display:inline;\">(44) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t10_179\" style=\"left:820px;bottom:1001px;letter-spacing:-0.27px;display:inline;\">(491) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t11_179\" style=\"left:65px;bottom:984px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t12_179\" style=\"left:571px;bottom:984px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t13_179\" style=\"left:637px;bottom:984px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t14_179\" style=\"left:703px;bottom:984px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t15_179\" style=\"left:767px;bottom:984px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t16_179\" style=\"left:833px;bottom:984px;letter-spacing:-0.35px;display:inline;\">(1) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t17_179\" style=\"left:65px;bottom:966px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t18_179\" style=\"left:555px;bottom:966px;letter-spacing:-0.28px;display:inline;\">1,411 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t19_179\" style=\"left:630px;bottom:966px;letter-spacing:-0.11px;display:inline;\">33 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t1a_179\" style=\"left:692px;bottom:966px;letter-spacing:-0.2px;display:inline;\">167 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t1b_179\" style=\"left:760px;bottom:966px;letter-spacing:-0.28px;display:inline;\">113 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t1c_179\" style=\"left:816px;bottom:966px;letter-spacing:-0.34px;display:inline;\">1,724 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t1d_179\" style=\"left:65px;bottom:948px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Increase in deferred revenue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1e_179\" style=\"left:557px;bottom:948px;letter-spacing:-0.26px;display:inline;\">672 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1f_179\" style=\"left:637px;bottom:948px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1g_179\" style=\"left:696px;bottom:948px;letter-spacing:-0.17px;display:inline;\">27 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1h_179\" style=\"left:761px;bottom:948px;letter-spacing:-0.15px;display:inline;\">63 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1i_179\" style=\"left:822px;bottom:948px;letter-spacing:-0.35px;display:inline;\">762 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t1j_179\" style=\"left:65px;bottom:930px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Recognised as revenue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1k_179\" style=\"left:553px;bottom:930px;letter-spacing:-0.27px;display:inline;\">(554) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1l_179\" style=\"left:630px;bottom:930px;letter-spacing:-0.36px;display:inline;\">(11) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1m_179\" style=\"left:692px;bottom:930px;letter-spacing:-0.28px;display:inline;\">(23) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1n_179\" style=\"left:757px;bottom:930px;letter-spacing:-0.35px;display:inline;\">(48) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1o_179\" style=\"left:816px;bottom:930px;letter-spacing:-0.29px;display:inline;\">(636) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t1p_179\" style=\"left:65px;bottom:913px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1q_179\" style=\"left:571px;bottom:913px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1r_179\" style=\"left:637px;bottom:913px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1s_179\" style=\"left:703px;bottom:913px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1t_179\" style=\"left:765px;bottom:913px;letter-spacing:-0.29px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1u_179\" style=\"left:831px;bottom:913px;letter-spacing:-0.29px;display:inline;\">(2) </div></td></tr><tr><td class=\"tcs-selection-enabled tcs-selected\" colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1v_179\" style=\"left:65px;bottom:895px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1w_179\" style=\"left:549px;bottom:895px;letter-spacing:-0.22px;display:inline;\">1,529 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1x_179\" style=\"left:629px;bottom:895px;letter-spacing:-0.04px;display:inline;\">22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1y_179\" style=\"left:693px;bottom:895px;letter-spacing:-0.23px;display:inline;\">171 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1z_179\" style=\"left:757px;bottom:895px;letter-spacing:-0.22px;display:inline;\">126 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t20_179\" style=\"left:812px;bottom:895px;letter-spacing:-0.17px;display:inline;\">1,848 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t21_179\" style=\"left:65px;bottom:858px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Analysed as: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t22_179\" style=\"left:73px;bottom:841px;letter-spacing:-0.25px;display:inline;\">Current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t23_179\" style=\"left:555px;bottom:841px;letter-spacing:-0.15px;display:inline;\">649 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t24_179\" style=\"left:633px;bottom:841px;letter-spacing:-0.3px;display:inline;\">11 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t25_179\" style=\"left:696px;bottom:841px;letter-spacing:-0.04px;display:inline;\">22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t26_179\" style=\"left:761px;bottom:841px;letter-spacing:-0.47px;display:inline;\">70 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t27_179\" style=\"left:822px;bottom:841px;letter-spacing:-0.29px;display:inline;\">752 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t28_179\" style=\"left:73px;bottom:823px;letter-spacing:-0.19px;display:inline;\">Non-current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t29_179\" style=\"left:555px;bottom:823px;letter-spacing:-0.2px;display:inline;\">880 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t2a_179\" style=\"left:633px;bottom:823px;letter-spacing:-0.3px;display:inline;\">11 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t2b_179\" style=\"left:690px;bottom:823px;letter-spacing:-0.26px;display:inline;\">149 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t2c_179\" style=\"left:761px;bottom:823px;letter-spacing:-0.23px;display:inline;\">56 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t2d_179\" style=\"left:811px;bottom:823px;letter-spacing:-0.25px;display:inline;\">1,096 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t2e_179\" style=\"left:549px;bottom:804px;letter-spacing:-0.22px;display:inline;\">1,529 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t2f_179\" style=\"left:630px;bottom:804px;letter-spacing:-0.04px;display:inline;\">22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t2g_179\" style=\"left:693px;bottom:804px;letter-spacing:-0.23px;display:inline;\">171 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t2h_179\" style=\"left:757px;bottom:804px;letter-spacing:-0.22px;display:inline;\">126 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t2i_179\" style=\"left:812px;bottom:804px;letter-spacing:-0.17px;display:inline;\">1,848 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2j_179\" style=\"left:65px;bottom:769px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December 2022: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2k_179\" style=\"left:73px;bottom:751px;letter-spacing:-0.25px;display:inline;\">Current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2l_179\" style=\"left:557px;bottom:751px;letter-spacing:-0.14px;display:inline;\">584 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2m_179\" style=\"left:634px;bottom:751px;letter-spacing:-0.3px;display:inline;\">11 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2n_179\" style=\"left:696px;bottom:751px;letter-spacing:-0.24px;display:inline;\">23 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2o_179\" style=\"left:762px;bottom:751px;letter-spacing:-0.08px;display:inline;\">63 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2p_179\" style=\"left:823px;bottom:751px;letter-spacing:-0.13px;display:inline;\">681 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2q_179\" style=\"left:73px;bottom:734px;letter-spacing:-0.19px;display:inline;\">Non-current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2r_179\" style=\"left:559px;bottom:734px;letter-spacing:-0.2px;display:inline;\">827 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2s_179\" style=\"left:631px;bottom:734px;letter-spacing:0.03px;display:inline;\">22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2t_179\" style=\"left:691px;bottom:734px;letter-spacing:-0.17px;display:inline;\">144 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2u_179\" style=\"left:761px;bottom:734px;letter-spacing:-0.24px;display:inline;\">50 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2v_179\" style=\"left:813px;bottom:734px;letter-spacing:-0.21px;display:inline;\">1,043 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2w_179\" style=\"left:555px;bottom:715px;letter-spacing:-0.28px;display:inline;\">1,411 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2x_179\" style=\"left:630px;bottom:715px;letter-spacing:-0.11px;display:inline;\">33 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2y_179\" style=\"left:692px;bottom:715px;letter-spacing:-0.2px;display:inline;\">167 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2z_179\" style=\"left:760px;bottom:715px;letter-spacing:-0.28px;display:inline;\">113 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t30_179\" style=\"left:816px;bottom:715px;letter-spacing:-0.34px;display:inline;\">1,724 </div></td></tr></table>\n<div class=\"t s6_179\" id=\"t31_179\" style=\"left:65px;bottom:682px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">This table does not include amounts which were received and recognised as revenue in the same year. Amounts recognised as revenue </div><div class=\"t s6_179\" id=\"t32_179\" style=\"left:65px;bottom:666px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">were included in deferred revenue at the beginning of the year. </div><div class=\"t s6_179\" id=\"t33_179\" style=\"left:65px;bottom:644px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Loyalty programme revenues, shown gross in the table above, are presented net of the corresponding redemption cost in the Group </div><div class=\"t s6_179\" id=\"t34_179\" style=\"left:65px;bottom:628px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">income statement. </div><div class=\"t s6_179\" id=\"t35_179\" style=\"left:65px;bottom:605px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Other deferred revenue includes technical service fees and guest deposits received by owned, leased and managed lease hotels. </div><div class=\"t s2_179\" id=\"t36_179\" style=\"left:65px;bottom:582px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">Transaction price allocated to remaining performance obligations </div><div class=\"t s6_179\" id=\"t37_179\" style=\"left:65px;bottom:567px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The expected timing of recognition of amounts received and not yet recognised relating to performance obligations that were unsatis</div><div class=\"t s7_179\" id=\"t38_179\" style=\"left:809px;bottom:567px;letter-spacing:0.04px;display:inline;\">fied </div><div class=\"t s6_179\" id=\"t39_179\" style=\"left:65px;bottom:552px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">at the year end are as follows: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_179\" id=\"t3a_179\" style=\"left:620px;bottom:529px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_179\" id=\"t3b_179\" style=\"left:819px;bottom:529px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_179\" id=\"t3c_179\" style=\"left:461px;bottom:513px;letter-spacing:-0.06px;word-spacing:-0.14px;display:inline;\">Loyalty and </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_179\" id=\"t3j_179\" style=\"left:660px;bottom:513px;letter-spacing:0.02px;word-spacing:-0.13px;display:inline;\">Loyalty and </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_179\" id=\"t3d_179\" style=\"left:470px;bottom:502px;letter-spacing:0.14px;display:inline;\">co-brand </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_179\" id=\"t3f_179\" style=\"left:551px;bottom:502px;letter-spacing:0.13px;display:inline;\">Other </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_179\" id=\"t3h_179\" style=\"left:621px;bottom:502px;letter-spacing:-0.08px;display:inline;\">Total </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_179\" id=\"t3k_179\" style=\"left:669px;bottom:502px;letter-spacing:0.12px;display:inline;\">co-brand </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_179\" id=\"t3m_179\" style=\"left:750px;bottom:502px;letter-spacing:0.1px;display:inline;\">Other </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_179\" id=\"t3o_179\" style=\"left:820px;bottom:502px;letter-spacing:-0.08px;display:inline;\">Total </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_179\" id=\"t3e_179\" style=\"left:496px;bottom:491px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_179\" id=\"t3g_179\" style=\"left:562px;bottom:491px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_179\" id=\"t3i_179\" style=\"left:629px;bottom:491px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_179\" id=\"t3l_179\" style=\"left:695px;bottom:491px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_179\" id=\"t3n_179\" style=\"left:761px;bottom:491px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_179\" id=\"t3p_179\" style=\"left:827px;bottom:491px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t3q_179\" style=\"left:65px;bottom:473px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Less than one year </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t3r_179\" style=\"left:489px;bottom:473px;letter-spacing:-0.18px;display:inline;\">660 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t3s_179\" style=\"left:563px;bottom:473px;letter-spacing:-0.19px;display:inline;\">92 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t3t_179\" style=\"left:624px;bottom:473px;letter-spacing:-0.29px;display:inline;\">752 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t3u_179\" style=\"left:690px;bottom:473px;letter-spacing:-0.15px;display:inline;\">595 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t3v_179\" style=\"left:762px;bottom:473px;letter-spacing:-0.13px;display:inline;\">86 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t3w_179\" style=\"left:824px;bottom:473px;letter-spacing:-0.13px;display:inline;\">681 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t3x_179\" style=\"left:65px;bottom:455px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Between one and two years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t3y_179\" style=\"left:490px;bottom:455px;letter-spacing:-0.16px;display:inline;\">346 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t3z_179\" style=\"left:563px;bottom:455px;letter-spacing:-0.09px;display:inline;\">43 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t40_179\" style=\"left:622px;bottom:455px;letter-spacing:-0.17px;display:inline;\">389 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t41_179\" style=\"left:689px;bottom:455px;letter-spacing:-0.12px;display:inline;\">339 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t42_179\" style=\"left:762px;bottom:455px;letter-spacing:-0.1px;display:inline;\">46 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t43_179\" style=\"left:822px;bottom:455px;letter-spacing:-0.09px;display:inline;\">385 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t44_179\" style=\"left:65px;bottom:436px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Between two and three years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t45_179\" style=\"left:492px;bottom:436px;letter-spacing:-0.16px;display:inline;\">195 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t46_179\" style=\"left:564px;bottom:436px;letter-spacing:-0.27px;display:inline;\">32 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t47_179\" style=\"left:624px;bottom:436px;letter-spacing:-0.11px;display:inline;\">227 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t48_179\" style=\"left:692px;bottom:436px;letter-spacing:-0.14px;display:inline;\">199 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t49_179\" style=\"left:763px;bottom:436px;letter-spacing:-0.24px;display:inline;\">32 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t4a_179\" style=\"left:825px;bottom:436px;letter-spacing:-0.19px;display:inline;\">231 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t4b_179\" style=\"left:65px;bottom:418px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Between three and four years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t4c_179\" style=\"left:495px;bottom:418px;letter-spacing:-0.27px;display:inline;\">118 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t4d_179\" style=\"left:563px;bottom:418px;letter-spacing:-0.17px;display:inline;\">24 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t4e_179\" style=\"left:625px;bottom:418px;letter-spacing:-0.34px;display:inline;\">142 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t4f_179\" style=\"left:694px;bottom:418px;letter-spacing:-0.34px;display:inline;\">114 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t4g_179\" style=\"left:764px;bottom:418px;letter-spacing:-0.16px;display:inline;\">27 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t4h_179\" style=\"left:826px;bottom:418px;letter-spacing:-0.35px;display:inline;\">141 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t4i_179\" style=\"left:65px;bottom:399px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Between four and </div> <div class=\"t sa_179\" id=\"t4j_179\" style=\"left:155px;bottom:399px;letter-spacing:-0.22px;word-spacing:-0.12px;display:inline;\">five years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t4k_179\" style=\"left:498px;bottom:399px;letter-spacing:-0.38px;display:inline;\">73 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t4l_179\" style=\"left:563px;bottom:399px;letter-spacing:-0.2px;display:inline;\">20 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t4m_179\" style=\"left:629px;bottom:399px;letter-spacing:-0.23px;display:inline;\">93 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t4n_179\" style=\"left:696px;bottom:399px;letter-spacing:-0.41px;display:inline;\">70 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t4o_179\" style=\"left:763px;bottom:399px;letter-spacing:0.03px;display:inline;\">22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t4p_179\" style=\"left:829px;bottom:399px;letter-spacing:-0.15px;display:inline;\">92 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_179\" id=\"t4q_179\" style=\"left:65px;bottom:381px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">More than five years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t4r_179\" style=\"left:493px;bottom:381px;letter-spacing:-0.2px;display:inline;\">159 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t4s_179\" style=\"left:563px;bottom:381px;letter-spacing:-0.19px;display:inline;\">86 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t4t_179\" style=\"left:623px;bottom:381px;letter-spacing:-0.13px;display:inline;\">245 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t4u_179\" style=\"left:693px;bottom:381px;letter-spacing:-0.21px;display:inline;\">127 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t4v_179\" style=\"left:763px;bottom:381px;letter-spacing:-0.22px;display:inline;\">67 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t4w_179\" style=\"left:824px;bottom:381px;letter-spacing:-0.2px;display:inline;\">194 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t4x_179\" style=\"left:485px;bottom:362px;letter-spacing:-0.22px;display:inline;\">1,551 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t4y_179\" style=\"left:557px;bottom:362px;letter-spacing:-0.21px;display:inline;\">297 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t4z_179\" style=\"left:614px;bottom:362px;letter-spacing:-0.17px;display:inline;\">1,848 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t50_179\" style=\"left:682px;bottom:362px;letter-spacing:-0.11px;display:inline;\">1,444 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t51_179\" style=\"left:755px;bottom:362px;letter-spacing:-0.21px;display:inline;\">280 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t52_179\" style=\"left:817px;bottom:362px;letter-spacing:-0.34px;display:inline;\">1,724 </div></td></tr></table>\n<div class=\"t s2_179\" id=\"t53_179\" style=\"left:65px;bottom:329px;letter-spacing:0.03px;word-spacing:-0.16px;display:inline;\">Contract costs </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_179\" id=\"t54_179\" style=\"left:752px;bottom:314px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_179\" id=\"t56_179\" style=\"left:819px;bottom:314px;letter-spacing:0.17px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_179\" id=\"t55_179\" style=\"left:761px;bottom:304px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_179\" id=\"t57_179\" style=\"left:827px;bottom:304px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t58_179\" style=\"left:65px;bottom:286px;letter-spacing:-0.21px;word-spacing:-0.13px;display:inline;\">At 1 January </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t59_179\" style=\"left:760px;bottom:286px;letter-spacing:-0.23px;display:inline;\">80 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t5a_179\" style=\"left:830px;bottom:286px;letter-spacing:0.15px;display:inline;\">77 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t5b_179\" style=\"left:65px;bottom:267px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Costs incurred </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t5c_179\" style=\"left:764px;bottom:267px;letter-spacing:-0.18px;display:inline;\">15 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t5d_179\" style=\"left:831px;bottom:267px;letter-spacing:-0.25px;display:inline;\">13 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t5e_179\" style=\"left:65px;bottom:249px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Charged to income statement </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t5f_179\" style=\"left:765px;bottom:249px;letter-spacing:-0.41px;display:inline;\">(8) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t5g_179\" style=\"left:832px;bottom:249px;letter-spacing:-0.37px;display:inline;\">(8) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t5h_179\" style=\"left:65px;bottom:230px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t5i_179\" style=\"left:769px;bottom:230px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t5j_179\" style=\"left:832px;bottom:230px;letter-spacing:-0.26px;display:inline;\">(2) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t5k_179\" style=\"left:65px;bottom:212px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t5l_179\" style=\"left:762px;bottom:212px;letter-spacing:-0.26px;display:inline;\">87 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t5m_179\" style=\"left:827px;bottom:212px;letter-spacing:-0.14px;display:inline;\">80 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t5n_179\" style=\"left:65px;bottom:175px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Analysed as: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t5o_179\" style=\"left:73px;bottom:156px;letter-spacing:-0.25px;display:inline;\">Current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t5p_179\" style=\"left:768px;bottom:156px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t5q_179\" style=\"left:835px;bottom:156px;display:inline;\">5 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t5r_179\" style=\"left:73px;bottom:138px;letter-spacing:-0.19px;display:inline;\">Non-current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t5s_179\" style=\"left:762px;bottom:138px;letter-spacing:-0.25px;display:inline;\">82 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t5t_179\" style=\"left:829px;bottom:138px;letter-spacing:-0.13px;display:inline;\">75 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t5u_179\" style=\"left:762px;bottom:119px;letter-spacing:-0.26px;display:inline;\">87 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t5v_179\" style=\"left:827px;bottom:119px;letter-spacing:-0.14px;display:inline;\">80 </div></td></tr></table>\n<div class=\"t sb_179\" id=\"t5w_179\" style=\"left:65px;bottom:31px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\"></div><div class=\"t m0_179 sc_179\" id=\"t5x_179\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t sb_179\" id=\"t5y_179\" style=\"left:827px;bottom:31px;letter-spacing:0.12px;display:inline;\"></div><div></div><div class=\"t s0_180\" id=\"t1_180\" style=\"left:65px;bottom:1115px;word-spacing:-0.13px;display:inline;\">4. Sta\ufb00 costs and Directors\u2019 remuneration </div><div class=\"t s1_180\" id=\"t2_180\" style=\"left:65px;bottom:1100px;word-spacing:-0.13px;display:inline;\">Sta\ufb00 costs and average number of employees </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_180\" id=\"t6_180\" style=\"left:741px;bottom:1085px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_180\" id=\"ta_180\" style=\"left:821px;bottom:1085px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_180\" id=\"t4_180\" style=\"left:662px;bottom:1075px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s4_180\" id=\"t7_180\" style=\"left:706px;bottom:1075px;letter-spacing:0.1px;display:inline;\">Re-presented </div><div class=\"t s5_180\" id=\"t8_180\" style=\"vertical-align: super;left:764px;bottom:1080px;display:inline;\">a </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s4_180\" id=\"tb_180\" style=\"left:784px;bottom:1075px;letter-spacing:0.1px;display:inline;\">Re-presented </div><div class=\"t s5_180\" id=\"tc_180\" style=\"vertical-align: super;left:842px;bottom:1080px;display:inline;\">a </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_180\" id=\"t3_180\" style=\"left:65px;bottom:1064px;letter-spacing:0.09px;word-spacing:-0.19px;display:inline;\">Sta\ufb00 costs </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_180\" id=\"t5_180\" style=\"left:671px;bottom:1064px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_180\" id=\"t9_180\" style=\"left:749px;bottom:1064px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_180\" id=\"td_180\" style=\"left:827px;bottom:1064px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"te_180\" style=\"left:65px;bottom:1046px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Wages and salaries </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"tf_180\" style=\"left:656px;bottom:1046px;letter-spacing:-0.22px;display:inline;\">1,808 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"tg_180\" style=\"left:736px;bottom:1046px;letter-spacing:-0.22px;display:inline;\">1,604 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"th_180\" style=\"left:817px;bottom:1046px;letter-spacing:-0.18px;display:inline;\">1,315 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"ti_180\" style=\"left:65px;bottom:1028px;letter-spacing:-0.19px;word-spacing:-0.17px;display:inline;\">Social security costs </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"tj_180\" style=\"left:667px;bottom:1028px;letter-spacing:-0.22px;display:inline;\">143 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"tk_180\" style=\"left:749px;bottom:1028px;letter-spacing:-0.31px;display:inline;\">117 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"tl_180\" style=\"left:828px;bottom:1028px;letter-spacing:-0.13px;display:inline;\">86 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"tm_180\" style=\"left:65px;bottom:1009px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Pension and other post-retirement benefits: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"tn_180\" style=\"left:73px;bottom:991px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">Defined benefit plans (note 27) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"to_180\" style=\"left:678px;bottom:991px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"tp_180\" style=\"left:757px;bottom:991px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"tq_180\" style=\"left:835px;bottom:991px;display:inline;\">2 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"tr_180\" style=\"left:73px;bottom:972px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Defined contribution plans </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"ts_180\" style=\"left:672px;bottom:972px;letter-spacing:-0.2px;display:inline;\">58 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"tt_180\" style=\"left:750px;bottom:972px;letter-spacing:-0.11px;display:inline;\">53 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"tu_180\" style=\"left:831px;bottom:972px;letter-spacing:-0.36px;display:inline;\">41 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"tv_180\" style=\"left:657px;bottom:952px;letter-spacing:-0.23px;display:inline;\">2,013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"tw_180\" style=\"left:739px;bottom:952px;letter-spacing:-0.26px;display:inline;\">1,776 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"tx_180\" style=\"left:814px;bottom:952px;letter-spacing:-0.11px;display:inline;\">1,444 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"ty_180\" style=\"left:65px;bottom:916px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Analysed as: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s6_180\" id=\"tz_180\" style=\"left:73px;bottom:898px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Costs borne by IHG </div><div class=\"t s8_180\" id=\"t10_180\" style=\"vertical-align: super;left:170px;bottom:904px;display:inline;\">b </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"t11_180\" style=\"left:667px;bottom:898px;letter-spacing:-0.65px;display:inline;\">747 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t12_180\" style=\"left:743px;bottom:898px;letter-spacing:-0.1px;display:inline;\">646 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t13_180\" style=\"left:822px;bottom:898px;letter-spacing:-0.16px;display:inline;\">569 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t14_180\" style=\"left:73px;bottom:879px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">Costs borne by the System Fund or reimbursed </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"t15_180\" style=\"left:657px;bottom:879px;letter-spacing:-0.17px;display:inline;\">1,266 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t16_180\" style=\"left:739px;bottom:879px;letter-spacing:-0.32px;display:inline;\">1,130 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t17_180\" style=\"left:823px;bottom:879px;letter-spacing:-0.21px;display:inline;\">875 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"t18_180\" style=\"left:657px;bottom:860px;letter-spacing:-0.23px;display:inline;\">2,013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t19_180\" style=\"left:739px;bottom:860px;letter-spacing:-0.26px;display:inline;\">1,776 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t1a_180\" style=\"left:814px;bottom:860px;letter-spacing:-0.11px;display:inline;\">1,444 </div></td></tr></table>\n<div class=\"t s9_180\" id=\"t1b_180\" style=\"left:65px;bottom:836px;display:inline;\">a </div><div class=\"t s4_180\" id=\"t1c_180\" style=\"left:74px;bottom:832px;letter-spacing:0.05px;word-spacing:-0.15px;display:inline;\">Re-presented to combine System Fund and employees whose costs are reimbursed (see New accounting standards and other presentational changes). </div><div class=\"t s9_180\" id=\"t1d_180\" style=\"left:65px;bottom:818px;display:inline;\">b </div><div class=\"t s4_180\" id=\"t1e_180\" style=\"left:74px;bottom:814px;letter-spacing:0.04px;word-spacing:-0.15px;display:inline;\">In 2022, included $1m classified as exceptional relating to the costs o</div><div class=\"t sa_180\" id=\"t1f_180\" style=\"left:367px;bottom:814px;letter-spacing:0.05px;word-spacing:-0.16px;display:inline;\">f ceasing operations in Russia. </div><div class=\"t sb_180\" id=\"t1g_180\" style=\"left:65px;bottom:782px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Sta\ufb00 costs are presented net of government support income of $nil (2022: $5m, 2021: $23m). The total comprises $nil (2022: $nil, 2021: </div><div class=\"t sb_180\" id=\"t1h_180\" style=\"left:65px;bottom:767px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">$12m) relating principally to employee costs at certain of the Group\u2019s leased hotels and $nil (2022: $5m, 2021: $11m) relating to support </div><div class=\"t sc_180\" id=\"t1i_180\" style=\"left:65px;bottom:751px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">received in the form of tax credits which relate to the Group\u2019s corporate o\ufb00ice presence in certain countries. There are no unful</div><div class=\"t sd_180\" id=\"t1j_180\" style=\"left:771px;bottom:751px;letter-spacing:-0.02px;display:inline;\">filled </div><div class=\"t sd_180\" id=\"t1k_180\" style=\"left:65px;bottom:736px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">conditions or other contingencies attached to these grants. </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_180\" id=\"t1n_180\" style=\"left:741px;bottom:714px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_180\" id=\"t1q_180\" style=\"left:821px;bottom:714px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_180\" id=\"t1l_180\" style=\"left:65px;bottom:703px;letter-spacing:0.06px;word-spacing:-0.16px;display:inline;\">Monthly average number of employees, including part-time employees </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_180\" id=\"t1m_180\" style=\"left:662px;bottom:703px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s4_180\" id=\"t1o_180\" style=\"left:706px;bottom:703px;letter-spacing:0.1px;display:inline;\">Re-presented </div><div class=\"t s5_180\" id=\"t1p_180\" style=\"vertical-align: super;left:764px;bottom:709px;display:inline;\">a </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s4_180\" id=\"t1r_180\" style=\"left:784px;bottom:703px;letter-spacing:0.1px;display:inline;\">Re-presented </div><div class=\"t s5_180\" id=\"t1s_180\" style=\"vertical-align: super;left:842px;bottom:709px;display:inline;\">a </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t1t_180\" style=\"left:65px;bottom:686px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Employees whose costs are borne by IHG: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t1u_180\" style=\"left:73px;bottom:667px;letter-spacing:-0.2px;display:inline;\">Americas </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"t1v_180\" style=\"left:658px;bottom:667px;letter-spacing:-0.28px;display:inline;\">1,578 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t1w_180\" style=\"left:737px;bottom:667px;letter-spacing:-0.14px;display:inline;\">1,548 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t1x_180\" style=\"left:817px;bottom:667px;letter-spacing:-0.17px;display:inline;\">1,481 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t1y_180\" style=\"left:73px;bottom:649px;letter-spacing:-0.1px;display:inline;\">EMEAA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"t1z_180\" style=\"left:655px;bottom:649px;letter-spacing:-0.28px;display:inline;\">3,642 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t20_180\" style=\"left:734px;bottom:649px;letter-spacing:-0.18px;display:inline;\">3,638 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t21_180\" style=\"left:812px;bottom:649px;letter-spacing:-0.16px;display:inline;\">2,808 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t22_180\" style=\"left:73px;bottom:630px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Greater China </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"t23_180\" style=\"left:665px;bottom:630px;letter-spacing:-0.26px;display:inline;\">352 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t24_180\" style=\"left:744px;bottom:630px;letter-spacing:-0.11px;display:inline;\">333 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t25_180\" style=\"left:822px;bottom:630px;letter-spacing:-0.13px;display:inline;\">299 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t26_180\" style=\"left:73px;bottom:612px;letter-spacing:-0.22px;display:inline;\">Central </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"t27_180\" style=\"left:658px;bottom:612px;letter-spacing:-0.31px;display:inline;\">1,720 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t28_180\" style=\"left:738px;bottom:612px;letter-spacing:-0.26px;display:inline;\">1,528 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t29_180\" style=\"left:816px;bottom:612px;letter-spacing:-0.24px;display:inline;\">1,425 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"t2a_180\" style=\"left:657px;bottom:593px;letter-spacing:-0.34px;display:inline;\">7,292 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t2b_180\" style=\"left:736px;bottom:593px;letter-spacing:-0.48px;display:inline;\">7,047 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t2c_180\" style=\"left:814px;bottom:593px;letter-spacing:-0.25px;display:inline;\">6,013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t2d_180\" style=\"left:65px;bottom:574px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Employees whose costs are borne by the System Fund or are reimbursed </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"t2e_180\" style=\"left:647px;bottom:574px;letter-spacing:-0.25px;display:inline;\">20,306 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t2f_180\" style=\"left:730px;bottom:574px;letter-spacing:-0.16px;display:inline;\">18,833 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t2g_180\" style=\"left:811px;bottom:574px;letter-spacing:-0.18px;display:inline;\">16,315 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"t2h_180\" style=\"left:650px;bottom:556px;letter-spacing:-0.35px;display:inline;\">27,598 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t2i_180\" style=\"left:728px;bottom:556px;letter-spacing:-0.19px;display:inline;\">25,880 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t2j_180\" style=\"left:808px;bottom:556px;letter-spacing:-0.16px;display:inline;\">22,328 </div></td></tr></table>\n<div class=\"t s9_180\" id=\"t2k_180\" style=\"left:65px;bottom:533px;display:inline;\">a </div><div class=\"t s4_180\" id=\"t2l_180\" style=\"left:74px;bottom:528px;letter-spacing:0.04px;word-spacing:-0.15px;display:inline;\">Re-presented to combine System Fund and employees whose costs are reimbursed (see New accounting standards and other presentational changes) and to correct the allocation </div><div class=\"t sa_180\" id=\"t2m_180\" style=\"left:74px;bottom:518px;letter-spacing:0.08px;word-spacing:-0.19px;display:inline;\">of 2022 between reportable segments. </div><div class=\"t s1_180\" id=\"t2n_180\" style=\"left:65px;bottom:486px;word-spacing:-0.13px;display:inline;\">Directors\u2019 remuneration </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_180\" id=\"t2o_180\" style=\"left:662px;bottom:472px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_180\" id=\"t2q_180\" style=\"left:741px;bottom:472px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_180\" id=\"t2s_180\" style=\"left:821px;bottom:472px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_180\" id=\"t2p_180\" style=\"left:671px;bottom:461px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_180\" id=\"t2r_180\" style=\"left:749px;bottom:461px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_180\" id=\"t2t_180\" style=\"left:827px;bottom:461px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t se_180\" id=\"t2u_180\" style=\"left:65px;bottom:443px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Base salaries, fees, annual performance payments and bene</div><div class=\"t s6_180\" id=\"t2v_180\" style=\"left:360px;bottom:443px;letter-spacing:-0.12px;display:inline;\">fits </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"t2w_180\" style=\"left:668px;bottom:443px;letter-spacing:-0.2px;display:inline;\">6.9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t2x_180\" style=\"left:749px;bottom:443px;letter-spacing:-0.52px;display:inline;\">7.9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t2y_180\" style=\"left:825px;bottom:443px;letter-spacing:-0.17px;display:inline;\">8.4 </div></td></tr></table>\n<div class=\"t se_180\" id=\"t2z_180\" style=\"left:80px;bottom:409px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">More detailed information on the remuneration including pensions, share awards and shareholdings for each Director is shown in the Directors\u2019 </div><div class=\"t s6_180\" id=\"t30_180\" style=\"left:80px;bottom:396px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Remuneration Report on pages 128 and 136. In addition, amounts received or receivable under long-term incentive schemes are shown on page 128. </div><div class=\"t s0_180\" id=\"t31_180\" style=\"left:65px;bottom:357px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">5. Auditor\u2019s remuneration paid to Pricewaterhouse Coopers LLP </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_180\" id=\"t32_180\" style=\"left:662px;bottom:343px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_180\" id=\"t34_180\" style=\"left:741px;bottom:343px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_180\" id=\"t36_180\" style=\"left:821px;bottom:343px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_180\" id=\"t33_180\" style=\"left:671px;bottom:332px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_180\" id=\"t35_180\" style=\"left:749px;bottom:332px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_180\" id=\"t37_180\" style=\"left:827px;bottom:332px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t se_180\" id=\"t38_180\" style=\"left:65px;bottom:314px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Audit of the Financial Statements </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"t39_180\" style=\"left:679px;bottom:314px;display:inline;\">7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t3a_180\" style=\"left:757px;bottom:314px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t3b_180\" style=\"left:835px;bottom:314px;display:inline;\">4 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t se_180\" id=\"t3c_180\" style=\"left:65px;bottom:296px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Audit of subsidiaries </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"t3d_180\" style=\"left:678px;bottom:296px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t3e_180\" style=\"left:757px;bottom:296px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t3f_180\" style=\"left:835px;bottom:296px;display:inline;\">3 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t3g_180\" style=\"left:65px;bottom:277px;letter-spacing:-0.19px;word-spacing:-0.18px;display:inline;\">Other assurance services </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"t3h_180\" style=\"left:680px;bottom:277px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t3i_180\" style=\"left:759px;bottom:277px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t3j_180\" style=\"left:837px;bottom:277px;display:inline;\">1 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"t3k_180\" style=\"left:676px;bottom:259px;letter-spacing:-0.3px;display:inline;\">11 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t3l_180\" style=\"left:757px;bottom:259px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t3m_180\" style=\"left:835px;bottom:259px;display:inline;\">8 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t3n_180\" style=\"left:65px;bottom:221px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Under SEC regulations analysed as: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t3o_180\" style=\"left:73px;bottom:203px;letter-spacing:-0.25px;display:inline;\">Audit </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"t3p_180\" style=\"left:673px;bottom:203px;letter-spacing:-0.23px;display:inline;\">10 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t3q_180\" style=\"left:757px;bottom:203px;display:inline;\">8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t3r_180\" style=\"left:836px;bottom:203px;display:inline;\">7 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t3s_180\" style=\"left:73px;bottom:184px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Other audit-related </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"t3t_180\" style=\"left:680px;bottom:184px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t3u_180\" style=\"left:759px;bottom:184px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t3v_180\" style=\"left:837px;bottom:184px;display:inline;\">1 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"t3w_180\" style=\"left:676px;bottom:166px;letter-spacing:-0.3px;display:inline;\">11 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t3x_180\" style=\"left:757px;bottom:166px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t3y_180\" style=\"left:835px;bottom:166px;display:inline;\">8 </div></td></tr></table>\n<div class=\"t s1_180\" id=\"t3z_180\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t sf_180\" id=\"t40_180\" style=\"left:65px;bottom:31px;letter-spacing:-0.15px;display:inline;\"></div><div></div><div class=\"t s0_181\" id=\"t1_181\" style=\"left:65px;bottom:1115px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">6. Exceptional items </div><table>\n                                            <tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_181\" id=\"t3_181\" style=\"left:686px;bottom:1101px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_181\" id=\"t5_181\" style=\"left:753px;bottom:1101px;letter-spacing:0.17px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_181\" id=\"t7_181\" style=\"left:821px;bottom:1101px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_181\" id=\"t2_181\" style=\"left:622px;bottom:1090px;letter-spacing:0.06px;display:inline;\">Note </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_181\" id=\"t4_181\" style=\"left:695px;bottom:1090px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_181\" id=\"t6_181\" style=\"left:761px;bottom:1090px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_181\" id=\"t8_181\" style=\"left:827px;bottom:1090px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t9_181\" style=\"left:65px;bottom:1072px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Administrative expenses: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"ta_181\" style=\"left:73px;bottom:1054px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Costs of ceasing operations in Russia </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"tb_181\" style=\"left:634px;bottom:1054px;letter-spacing:-0.51px;display:inline;\">(a) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"tc_181\" style=\"left:703px;bottom:1054px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"td_181\" style=\"left:762px;bottom:1054px;letter-spacing:-0.3px;display:inline;\">(12) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"te_181\" style=\"left:836px;bottom:1054px;display:inline;\">\u2013 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"tf_181\" style=\"left:73px;bottom:1035px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Commercial litigation and disputes </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"tg_181\" style=\"left:633px;bottom:1035px;letter-spacing:-0.32px;display:inline;\">(b) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"th_181\" style=\"left:703px;bottom:1035px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"ti_181\" style=\"left:760px;bottom:1035px;letter-spacing:-0.27px;display:inline;\">(28) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"tj_181\" style=\"left:826px;bottom:1035px;letter-spacing:-0.23px;display:inline;\">(25) </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"tk_181\" style=\"left:703px;bottom:1015px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"tl_181\" style=\"left:758px;bottom:1015px;letter-spacing:-0.35px;display:inline;\">(40) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"tm_181\" style=\"left:826px;bottom:1015px;letter-spacing:-0.23px;display:inline;\">(25) </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s5_181\" id=\"to_181\" style=\"left:125px;bottom:979px;letter-spacing:-0.21px;word-spacing:-0.13px;display:inline;\">fits/(losses) o</div><div class=\"t s3_181\" id=\"tn_181\" style=\"left:65px;bottom:979px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">Share of pro</div><div class=\"t s3_181\" id=\"tp_181\" style=\"left:190px;bottom:979px;letter-spacing:-0.2px;word-spacing:-0.15px;display:inline;\">f associate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"tq_181\" style=\"left:634px;bottom:979px;letter-spacing:-0.53px;display:inline;\">(c) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"tr_181\" style=\"left:697px;bottom:979px;letter-spacing:-0.22px;display:inline;\">18 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"ts_181\" style=\"left:758px;bottom:979px;letter-spacing:-0.3px;display:inline;\">(60) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"tt_181\" style=\"left:836px;bottom:979px;display:inline;\">\u2013 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"tu_181\" style=\"left:65px;bottom:943px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Other operating income </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"tv_181\" style=\"left:633px;bottom:943px;letter-spacing:-0.33px;display:inline;\">(d) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"tw_181\" style=\"left:697px;bottom:943px;letter-spacing:-0.23px;display:inline;\">10 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"tx_181\" style=\"left:770px;bottom:943px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"ty_181\" style=\"left:836px;bottom:943px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"tz_181\" style=\"left:65px;bottom:907px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Other net impairment reversals/(charges): </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t10_181\" style=\"left:73px;bottom:889px;letter-spacing:-0.22px;word-spacing:-0.16px;display:inline;\">Management agreements </div><div class=\"t s3_181\" id=\"t11_181\" style=\"left:230px;bottom:889px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">\u2013 reversal </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t12_181\" style=\"left:633px;bottom:889px;letter-spacing:-0.26px;display:inline;\">12 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t13_181\" style=\"left:703px;bottom:889px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t14_181\" style=\"left:765px;bottom:889px;letter-spacing:-0.26px;display:inline;\">12 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t15_181\" style=\"left:836px;bottom:889px;display:inline;\">\u2013 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t16_181\" style=\"left:73px;bottom:870px;letter-spacing:-0.24px;display:inline;\">Property, plant and equipment  \u2013 charge </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t17_181\" style=\"left:632px;bottom:870px;letter-spacing:-0.25px;display:inline;\">13 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t18_181\" style=\"left:703px;bottom:870px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t19_181\" style=\"left:761px;bottom:870px;letter-spacing:-0.3px;display:inline;\">(10) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t1a_181\" style=\"left:836px;bottom:870px;display:inline;\">\u2013 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t1b_181\" style=\"left:230px;bottom:852px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">\u2013 reversal </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t1c_181\" style=\"left:632px;bottom:852px;letter-spacing:-0.25px;display:inline;\">13 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t1d_181\" style=\"left:703px;bottom:852px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t1e_181\" style=\"left:769px;bottom:852px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t1f_181\" style=\"left:836px;bottom:852px;display:inline;\">\u2013 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t1g_181\" style=\"left:73px;bottom:833px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Right-of-use assets </div><div class=\"t s3_181\" id=\"t1h_181\" style=\"left:230px;bottom:833px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">\u2013 charge </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t1i_181\" style=\"left:632px;bottom:833px;letter-spacing:-0.25px;display:inline;\">13 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t1j_181\" style=\"left:703px;bottom:833px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t1k_181\" style=\"left:766px;bottom:833px;letter-spacing:-0.26px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t1l_181\" style=\"left:836px;bottom:833px;display:inline;\">\u2013 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t1m_181\" style=\"left:230px;bottom:815px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">\u2013 reversal </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t1n_181\" style=\"left:632px;bottom:815px;letter-spacing:-0.37px;display:inline;\">14 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t1o_181\" style=\"left:703px;bottom:815px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t1p_181\" style=\"left:769px;bottom:815px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t1q_181\" style=\"left:836px;bottom:815px;display:inline;\">\u2013 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t1r_181\" style=\"left:73px;bottom:796px;letter-spacing:-0.18px;display:inline;\">Associates </div><div class=\"t s3_181\" id=\"t1s_181\" style=\"left:230px;bottom:796px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">\u2013 charge </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t1t_181\" style=\"left:703px;bottom:796px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t1u_181\" style=\"left:770px;bottom:796px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t1v_181\" style=\"left:832px;bottom:796px;letter-spacing:-0.49px;display:inline;\">(4) </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t1w_181\" style=\"left:230px;bottom:778px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">\u2013 reversal </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t1x_181\" style=\"left:633px;bottom:778px;letter-spacing:-0.17px;display:inline;\">15 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t1y_181\" style=\"left:703px;bottom:778px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t1z_181\" style=\"left:769px;bottom:778px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t20_181\" style=\"left:836px;bottom:778px;display:inline;\">\u2013 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t21_181\" style=\"left:73px;bottom:759px;letter-spacing:-0.19px;word-spacing:-0.16px;display:inline;\">Contract assets </div><div class=\"t s3_181\" id=\"t22_181\" style=\"left:229px;bottom:759px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">\u2013 charge </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t23_181\" style=\"left:634px;bottom:759px;letter-spacing:-0.5px;display:inline;\">(e) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t24_181\" style=\"left:703px;bottom:759px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t25_181\" style=\"left:766px;bottom:759px;letter-spacing:-0.29px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t26_181\" style=\"left:836px;bottom:759px;display:inline;\">\u2013 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t27_181\" style=\"left:229px;bottom:741px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">\u2013 reversal </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t28_181\" style=\"left:634px;bottom:741px;letter-spacing:-0.5px;display:inline;\">(e) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t29_181\" style=\"left:703px;bottom:741px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t2a_181\" style=\"left:769px;bottom:741px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t2b_181\" style=\"left:836px;bottom:741px;display:inline;\">\u2013 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t2c_181\" style=\"left:703px;bottom:721px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t2d_181\" style=\"left:769px;bottom:721px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t2e_181\" style=\"left:832px;bottom:721px;letter-spacing:-0.49px;display:inline;\">(4) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t2f_181\" style=\"left:65px;bottom:685px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Operating exceptional items </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t2g_181\" style=\"left:696px;bottom:685px;letter-spacing:-0.19px;display:inline;\">28 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t2h_181\" style=\"left:759px;bottom:685px;letter-spacing:-0.25px;display:inline;\">(95) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t2i_181\" style=\"left:825px;bottom:685px;letter-spacing:-0.23px;display:inline;\">(29) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t2j_181\" style=\"left:65px;bottom:630px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Exceptional items before tax </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t2k_181\" style=\"left:696px;bottom:630px;letter-spacing:-0.19px;display:inline;\">28 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t2l_181\" style=\"left:759px;bottom:630px;letter-spacing:-0.25px;display:inline;\">(95) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t2m_181\" style=\"left:825px;bottom:630px;letter-spacing:-0.23px;display:inline;\">(29) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t2n_181\" style=\"left:65px;bottom:593px;letter-spacing:-0.28px;word-spacing:-0.08px;display:inline;\">Tax on exceptional items </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t2o_181\" style=\"left:636px;bottom:593px;letter-spacing:-0.14px;display:inline;\">(f) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t2p_181\" style=\"left:699px;bottom:593px;letter-spacing:-0.06px;display:inline;\">(7) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t2q_181\" style=\"left:763px;bottom:593px;letter-spacing:-0.26px;display:inline;\">26 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t2r_181\" style=\"left:835px;bottom:593px;display:inline;\">3 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t2s_181\" style=\"left:65px;bottom:575px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Exceptional tax </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t2t_181\" style=\"left:633px;bottom:575px;letter-spacing:-0.31px;display:inline;\">(g) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t2u_181\" style=\"left:703px;bottom:575px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t2v_181\" style=\"left:770px;bottom:575px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t2w_181\" style=\"left:829px;bottom:575px;letter-spacing:-0.26px;display:inline;\">26 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t2x_181\" style=\"left:65px;bottom:539px;letter-spacing:-0.54px;display:inline;\">Tax </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t2y_181\" style=\"left:699px;bottom:539px;letter-spacing:-0.06px;display:inline;\">(7) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t2z_181\" style=\"left:763px;bottom:539px;letter-spacing:-0.26px;display:inline;\">26 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t30_181\" style=\"left:829px;bottom:539px;letter-spacing:-0.17px;display:inline;\">29 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t31_181\" style=\"left:65px;bottom:502px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Operating exceptional items analysed as: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t32_181\" style=\"left:73px;bottom:483px;letter-spacing:-0.2px;display:inline;\">Americas </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t33_181\" style=\"left:696px;bottom:483px;letter-spacing:-0.17px;display:inline;\">27 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t34_181\" style=\"left:759px;bottom:483px;letter-spacing:-0.33px;display:inline;\">(46) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t35_181\" style=\"left:826px;bottom:483px;letter-spacing:-0.16px;display:inline;\">(22) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t36_181\" style=\"left:73px;bottom:465px;letter-spacing:-0.1px;display:inline;\">EMEAA </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t37_181\" style=\"left:704px;bottom:465px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t38_181\" style=\"left:759px;bottom:465px;letter-spacing:-0.32px;display:inline;\">(49) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t39_181\" style=\"left:832px;bottom:465px;letter-spacing:0.03px;display:inline;\">(7) </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t3a_181\" style=\"left:696px;bottom:445px;letter-spacing:-0.19px;display:inline;\">28 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t3b_181\" style=\"left:759px;bottom:445px;letter-spacing:-0.25px;display:inline;\">(95) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t3c_181\" style=\"left:825px;bottom:445px;letter-spacing:-0.23px;display:inline;\">(29) </div></td></tr>\n                                        </table>\n<div class=\"t s5_181\" id=\"t3d_181\" style=\"left:80px;bottom:411px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">The above items are defined by management as exceptional as </div><div class=\"t s3_181\" id=\"t3e_181\" style=\"left:391px;bottom:411px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">further described on page 165. </div><div class=\"t s6_181\" id=\"t3f_181\" style=\"left:65px;bottom:31px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\"> </div><div class=\"t m0_181 s7_181\" id=\"t3g_181\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t s6_181\" id=\"t3h_181\" style=\"left:826px;bottom:31px;letter-spacing:-0.1px;display:inline;\"></div><div></div><div class=\"t s2_182\" id=\"t3_182\" style=\"left:65px;bottom:1100px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">(a) Costs of ceasing operations in Russia </div><div class=\"t s3_182\" id=\"t4_182\" style=\"left:65px;bottom:1084px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">On 27 June 2022, the Group announced it was in the process of ceasing all operations in Russia consistent with evolving UK, US and EU </div><div class=\"t s3_182\" id=\"t5_182\" style=\"left:65px;bottom:1069px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">sanction regimes and the ongoing and increasing challenges of operating there. The costs associated with the cessation of corporate </div><div class=\"t s3_182\" id=\"t6_182\" style=\"left:65px;bottom:1054px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">operations in Moscow and long-term management and franchise contracts were presented as exceptional due to the nature of the war </div><div class=\"t s3_182\" id=\"t7_182\" style=\"left:65px;bottom:1039px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">in Ukraine which drove the Group\u2019s response. </div><div class=\"t s2_182\" id=\"t8_182\" style=\"left:65px;bottom:1016px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">(b) Commercial litigation and disputes </div><div class=\"t s3_182\" id=\"t9_182\" style=\"left:65px;bottom:1000px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">From time to time, the Group is subject to legal proceedings, the ultimate outcome of each is always subject to many uncertainties inherent </div><div class=\"t s3_182\" id=\"ta_182\" style=\"left:65px;bottom:985px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">in litigation. The 2022 provision for commercial litigation and disputes principally related to the EMEAA region and was utilised in full in 2023 </div><div class=\"t s3_182\" id=\"tb_182\" style=\"left:65px;bottom:970px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">following settlement of the disputed matters. </div><div class=\"t s3_182\" id=\"tc_182\" style=\"left:65px;bottom:947px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">In 2021, related to the agreed costs to settle two commercial disputes, $18m in the Americas region and $7m in the EMEAA region. </div><div class=\"t s4_182\" id=\"td_182\" style=\"left:65px;bottom:924px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">These costs were presented as exceptional reflecting the quantum o</div><div class=\"t s3_182\" id=\"te_182\" style=\"left:446px;bottom:924px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">f the costs and nature of the disputes. </div><div class=\"t s2_182\" id=\"tf_182\" style=\"left:65px;bottom:901px;letter-spacing:-0.1px;word-spacing:-0.05px;display:inline;\">(c) Share of pro</div><div class=\"t s5_182\" id=\"tg_182\" style=\"left:152px;bottom:901px;letter-spacing:0.02px;word-spacing:-0.17px;display:inline;\">fits/losses o</div><div class=\"t s2_182\" id=\"th_182\" style=\"left:221px;bottom:901px;letter-spacing:0.02px;word-spacing:-0.16px;display:inline;\">f associate </div><div class=\"t s3_182\" id=\"ti_182\" style=\"left:65px;bottom:886px;letter-spacing:-0.17px;word-spacing:-0.09px;display:inline;\">As part of an agreed settlement of the 2021 Americas commercial dispute in relation to the Barclay associate, in 2022 the Group was allocated </div><div class=\"t s3_182\" id=\"tj_182\" style=\"left:65px;bottom:871px;letter-spacing:-0.12px;word-spacing:-0.08px;display:inline;\">expenses in excess of its actual percentage share which directly reduced the Group\u2019s current interest in the associate. This resulted in $60m </div><div class=\"t s3_182\" id=\"tk_182\" style=\"left:65px;bottom:855px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">of additional expenses being allocated to the Group in 2022, with a current tax bene</div><div class=\"t s4_182\" id=\"tl_182\" style=\"left:533px;bottom:855px;letter-spacing:-0.05px;word-spacing:-0.12px;display:inline;\">fit o</div><div class=\"t s3_182\" id=\"tm_182\" style=\"left:554px;bottom:855px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">f $15m and, applying equity accounting to this </div><div class=\"t s3_182\" id=\"tn_182\" style=\"left:65px;bottom:840px;letter-spacing:-0.19px;word-spacing:-0.08px;display:inline;\">additional share of expenses, reduced the Group\u2019s investment to $nil. In addition, a liability of $18m was recognised, re</div><div class=\"t s4_182\" id=\"to_182\" style=\"left:710px;bottom:840px;letter-spacing:-0.18px;word-spacing:-0.09px;display:inline;\">flecting an unavoidable </div><div class=\"t s3_182\" id=\"tp_182\" style=\"left:65px;bottom:825px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">obligation to repay this amount in certain circumstances. The value of the liability is linked to the value of the hotel; increases in the property </div><div class=\"t s4_182\" id=\"tq_182\" style=\"left:65px;bottom:809px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">value are attributed first to the Group and are reflected as a reduction o</div><div class=\"t s3_182\" id=\"tr_182\" style=\"left:461px;bottom:809px;letter-spacing:-0.09px;word-spacing:-0.07px;display:inline;\">f the liability until it is reduced to $nil. </div><div class=\"t s3_182\" id=\"ts_182\" style=\"left:65px;bottom:786px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">In 2023, the increase in fair value of the hotel (according to pricing opinions provided by a professional external valuer) resulted in a full </div><div class=\"t s3_182\" id=\"tt_182\" style=\"left:65px;bottom:771px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">reversal of the liability but no further trigger for reversal of previous impairment charges. </div><div class=\"t s3_182\" id=\"tu_182\" style=\"left:65px;bottom:748px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The gain is presented as exceptional by reason of its size, the nature of the agreement and for consistency with the associated charges </div><div class=\"t s3_182\" id=\"tv_182\" style=\"left:65px;bottom:733px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">in 2022 and 2021. </div><div class=\"t s2_182\" id=\"tw_182\" style=\"left:65px;bottom:710px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">(d) Other operating income </div><div class=\"t s3_182\" id=\"tx_182\" style=\"left:65px;bottom:695px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Relates to amounts receivable from the Group\u2019s insurer under its business interruption policy for certain owned, leased and managed lease </div><div class=\"t s3_182\" id=\"ty_182\" style=\"left:65px;bottom:680px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">hotels due to Covid-19. </div><div class=\"t s3_182\" id=\"tz_182\" style=\"left:65px;bottom:657px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The income is presented as exceptional due to its size. </div><div class=\"t s2_182\" id=\"t10_182\" style=\"left:65px;bottom:634px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">(e) Impairment charge/reversals on contract assets </div><div class=\"t s3_182\" id=\"t11_182\" style=\"left:65px;bottom:618px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">In 2022, the $5m charge related to key money pertaining to managed and franchised hotels in Russia. The $3m reversal related to other </div><div class=\"t s3_182\" id=\"t12_182\" style=\"left:65px;bottom:603px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">impairments originally recorded in 2020 and arises as a result of the improved </div><div class=\"t s4_182\" id=\"t13_182\" style=\"left:502px;bottom:603px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">financial position o</div><div class=\"t s3_182\" id=\"t14_182\" style=\"left:607px;bottom:603px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">f owners or performance of the </div><div class=\"t s3_182\" id=\"t15_182\" style=\"left:65px;bottom:588px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">related hotels. </div><div class=\"t s3_182\" id=\"t16_182\" style=\"left:65px;bottom:565px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">These costs are presented as exceptional for consistency with (a) above and, in respect of releases, with the treatment applied in prior years. </div><div class=\"t s2_182\" id=\"t17_182\" style=\"left:65px;bottom:542px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">(f) Tax on exceptional items </div><div class=\"t s3_182\" id=\"t18_182\" style=\"left:65px;bottom:527px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The tax impacts of the exceptional items are shown in the table below: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_182\" id=\"t19_182\" style=\"left:580px;bottom:504px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_182\" id=\"t1a_182\" style=\"left:700px;bottom:504px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_182\" id=\"t1b_182\" style=\"left:821px;bottom:504px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_182\" id=\"t1c_182\" style=\"left:515px;bottom:487px;letter-spacing:0.07px;display:inline;\">Current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_182\" id=\"t1f_182\" style=\"left:563px;bottom:487px;letter-spacing:0.08px;display:inline;\">Deferred </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_182\" id=\"t1i_182\" style=\"left:636px;bottom:487px;letter-spacing:0.04px;display:inline;\">Current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_182\" id=\"t1l_182\" style=\"left:684px;bottom:487px;letter-spacing:0.07px;display:inline;\">Deferred </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_182\" id=\"t1o_182\" style=\"left:755px;bottom:487px;letter-spacing:0.04px;display:inline;\">Current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_182\" id=\"t1r_182\" style=\"left:803px;bottom:487px;letter-spacing:0.07px;display:inline;\">Deferred </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_182\" id=\"t1d_182\" style=\"left:536px;bottom:477px;letter-spacing:0.07px;display:inline;\">tax </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_182\" id=\"t1g_182\" style=\"left:589px;bottom:477px;letter-spacing:0.07px;display:inline;\">tax </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_182\" id=\"t1j_182\" style=\"left:656px;bottom:477px;letter-spacing:0.09px;display:inline;\">tax </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_182\" id=\"t1m_182\" style=\"left:709px;bottom:477px;letter-spacing:0.09px;display:inline;\">tax </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_182\" id=\"t1p_182\" style=\"left:775px;bottom:477px;letter-spacing:0.09px;display:inline;\">tax </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_182\" id=\"t1s_182\" style=\"left:828px;bottom:477px;letter-spacing:0.09px;display:inline;\">tax </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_182\" id=\"t1e_182\" style=\"left:535px;bottom:466px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_182\" id=\"t1h_182\" style=\"left:588px;bottom:466px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_182\" id=\"t1k_182\" style=\"left:655px;bottom:466px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_182\" id=\"t1n_182\" style=\"left:708px;bottom:466px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_182\" id=\"t1q_182\" style=\"left:774px;bottom:466px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_182\" id=\"t1t_182\" style=\"left:827px;bottom:466px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t1u_182\" style=\"left:65px;bottom:448px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Costs of ceasing operations in Russia </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_182\" id=\"t1v_182\" style=\"left:544px;bottom:448px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_182\" id=\"t1w_182\" style=\"left:597px;bottom:448px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t1x_182\" style=\"left:663px;bottom:448px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t1y_182\" style=\"left:717px;bottom:448px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t1z_182\" style=\"left:783px;bottom:448px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t20_182\" style=\"left:836px;bottom:448px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t21_182\" style=\"left:65px;bottom:430px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Commercial litigation and disputes </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_182\" id=\"t22_182\" style=\"left:544px;bottom:430px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_182\" id=\"t23_182\" style=\"left:597px;bottom:430px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t24_182\" style=\"left:663px;bottom:430px;display:inline;\">8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t25_182\" style=\"left:713px;bottom:430px;letter-spacing:-0.26px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t26_182\" style=\"left:783px;bottom:430px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t27_182\" style=\"left:835px;bottom:430px;display:inline;\">4 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t28_182\" style=\"left:65px;bottom:411px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Share of (pro</div><div class=\"t sa_182\" id=\"t29_182\" style=\"left:129px;bottom:411px;letter-spacing:-0.2px;word-spacing:-0.14px;display:inline;\">fits)/losses o</div><div class=\"t s8_182\" id=\"t2a_182\" style=\"left:191px;bottom:411px;letter-spacing:-0.2px;word-spacing:-0.15px;display:inline;\">f associate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_182\" id=\"t2b_182\" style=\"left:544px;bottom:411px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_182\" id=\"t2c_182\" style=\"left:593px;bottom:411px;letter-spacing:-0.5px;display:inline;\">(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t2d_182\" style=\"left:659px;bottom:411px;letter-spacing:-0.17px;display:inline;\">15 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t2e_182\" style=\"left:717px;bottom:411px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t2f_182\" style=\"left:783px;bottom:411px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t2g_182\" style=\"left:836px;bottom:411px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t2h_182\" style=\"left:65px;bottom:393px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Other operating income </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_182\" id=\"t2i_182\" style=\"left:540px;bottom:393px;letter-spacing:-0.42px;display:inline;\">(3) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_182\" id=\"t2j_182\" style=\"left:597px;bottom:393px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t2k_182\" style=\"left:663px;bottom:393px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t2l_182\" style=\"left:717px;bottom:393px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t2m_182\" style=\"left:783px;bottom:393px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t2n_182\" style=\"left:836px;bottom:393px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t2o_182\" style=\"left:65px;bottom:374px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Other net impairment reversals/(charges) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_182\" id=\"t2p_182\" style=\"left:544px;bottom:374px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_182\" id=\"t2q_182\" style=\"left:597px;bottom:374px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t2r_182\" style=\"left:665px;bottom:374px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t2s_182\" style=\"left:713px;bottom:374px;letter-spacing:-0.29px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t2t_182\" style=\"left:783px;bottom:374px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t2u_182\" style=\"left:837px;bottom:374px;display:inline;\">1 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s8_182\" id=\"t2v_182\" style=\"left:65px;bottom:356px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Adjustments in respect of prior years </div><div class=\"t sb_182\" id=\"t2w_182\" style=\"vertical-align: super;left:246px;bottom:362px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_182\" id=\"t2x_182\" style=\"left:544px;bottom:356px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_182\" id=\"t2y_182\" style=\"left:597px;bottom:356px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t2z_182\" style=\"left:662px;bottom:356px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t30_182\" style=\"left:717px;bottom:356px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t31_182\" style=\"left:779px;bottom:356px;letter-spacing:-0.26px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t32_182\" style=\"left:836px;bottom:356px;display:inline;\">\u2013 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_182\" id=\"t33_182\" style=\"left:540px;bottom:337px;letter-spacing:-0.42px;display:inline;\">(3) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_182\" id=\"t34_182\" style=\"left:593px;bottom:337px;letter-spacing:-0.5px;display:inline;\">(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t35_182\" style=\"left:656px;bottom:337px;letter-spacing:-0.11px;display:inline;\">33 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t36_182\" style=\"left:713px;bottom:337px;letter-spacing:0.03px;display:inline;\">(7) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t37_182\" style=\"left:779px;bottom:337px;letter-spacing:-0.26px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t38_182\" style=\"left:835px;bottom:337px;display:inline;\">5 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_182\" id=\"t39_182\" style=\"left:65px;bottom:319px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Total current and deferred tax </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_182\" id=\"t3a_182\" style=\"left:593px;bottom:319px;letter-spacing:-0.06px;display:inline;\">(7) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t3b_182\" style=\"left:710px;bottom:319px;letter-spacing:-0.26px;display:inline;\">26 </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t3c_182\" style=\"left:835px;bottom:319px;display:inline;\">3 </div></td></tr></table>\n<div class=\"t sc_182\" id=\"t3d_182\" style=\"left:65px;bottom:295px;display:inline;\">a </div><div class=\"t s7_182\" id=\"t3e_182\" style=\"left:74px;bottom:291px;letter-spacing:0.03px;word-spacing:-0.14px;display:inline;\">In 2022, related to the release of tax contingencies no longer needed; one of these was as a result of the closure of a tax audit of the 2014 US federal income tax return. In 2021, </div><div class=\"t s7_182\" id=\"t3f_182\" style=\"left:74px;bottom:280px;letter-spacing:0.02px;word-spacing:-0.13px;display:inline;\">the tax charge related to the same audit. </div><div class=\"t s2_182\" id=\"t3g_182\" style=\"left:65px;bottom:248px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">(g) Exceptional tax </div><div class=\"t s3_182\" id=\"t3h_182\" style=\"left:65px;bottom:233px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Related to the enactment of a change to the UK rate of corporate income tax from 19% to 25%, e\ufb00ective 1 April 2023. The change resulted in </div><div class=\"t s3_182\" id=\"t3i_182\" style=\"left:65px;bottom:218px;letter-spacing:-0.12px;word-spacing:-0.09px;display:inline;\">the re-measurement of those UK deferred tax assets and liabilities which are forecast to be utilised or crystallise after this e\ufb00ective date, using </div><div class=\"t s3_182\" id=\"t3j_182\" style=\"left:65px;bottom:203px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">the higher tax rate. A further credit of $4m was recorded within the Group statement of comprehensive income in respect of movements in </div><div class=\"t s3_182\" id=\"t3k_182\" style=\"left:65px;bottom:187px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">deferred tax assets and liabilities originally recorded there. The value attributable to unrecognised deferred tax assets increased by $34m </div><div class=\"t s3_182\" id=\"t3l_182\" style=\"left:65px;bottom:172px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">as a result of the rate change; this had no impact on the reported tax charge. </div><div class=\"t s2_182\" id=\"t3m_182\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t sd_182\" id=\"t3n_182\" style=\"left:65px;bottom:31px;letter-spacing:0.05px;display:inline;\"></div><div></div><div class=\"t s0_183\" id=\"t1_183\" style=\"left:65px;bottom:1115px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">7. Financial income and expenses </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_183\" id=\"t2_183\" style=\"left:686px;bottom:1105px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_183\" id=\"t4_183\" style=\"left:753px;bottom:1105px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_183\" id=\"t6_183\" style=\"left:821px;bottom:1105px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_183\" id=\"t3_183\" style=\"left:695px;bottom:1094px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_183\" id=\"t5_183\" style=\"left:761px;bottom:1094px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_183\" id=\"t7_183\" style=\"left:827px;bottom:1094px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t8_183\" style=\"left:65px;bottom:1077px;letter-spacing:-0.19px;word-spacing:-0.18px;display:inline;\">Financial income </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t9_183\" style=\"left:65px;bottom:1058px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Financial income on deposits and money market funds </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"ta_183\" style=\"left:695px;bottom:1058px;letter-spacing:-0.17px;display:inline;\">33 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"tb_183\" style=\"left:765px;bottom:1058px;letter-spacing:-0.32px;display:inline;\">17 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"tc_183\" style=\"left:835px;bottom:1058px;display:inline;\">2 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"td_183\" style=\"left:65px;bottom:1039px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Interest income on loans and other assets </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"te_183\" style=\"left:702px;bottom:1039px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"tf_183\" style=\"left:769px;bottom:1039px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"tg_183\" style=\"left:835px;bottom:1039px;display:inline;\">6 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"th_183\" style=\"left:695px;bottom:1021px;letter-spacing:-0.17px;display:inline;\">39 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"ti_183\" style=\"left:763px;bottom:1021px;letter-spacing:0.03px;display:inline;\">22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"tj_183\" style=\"left:835px;bottom:1021px;display:inline;\">8 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"tk_183\" style=\"left:65px;bottom:1002px;letter-spacing:-0.19px;word-spacing:-0.18px;display:inline;\">Financial expenses </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"tl_183\" style=\"left:65px;bottom:984px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Interest expense on external borrowings </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"tm_183\" style=\"left:695px;bottom:984px;letter-spacing:-0.12px;display:inline;\">85 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"tn_183\" style=\"left:763px;bottom:984px;letter-spacing:-0.15px;display:inline;\">92 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"to_183\" style=\"left:823px;bottom:984px;letter-spacing:-0.16px;display:inline;\">109 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"tp_183\" style=\"left:65px;bottom:965px;letter-spacing:-0.21px;word-spacing:-0.13px;display:inline;\">Interest expense on lease liabilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"tq_183\" style=\"left:695px;bottom:965px;letter-spacing:-0.12px;display:inline;\">29 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"tr_183\" style=\"left:763px;bottom:965px;letter-spacing:-0.17px;display:inline;\">29 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"ts_183\" style=\"left:829px;bottom:965px;letter-spacing:-0.17px;display:inline;\">29 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"tt_183\" style=\"left:65px;bottom:947px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Unwind of discount on deferred purchase consideration </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"tu_183\" style=\"left:704px;bottom:947px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"tv_183\" style=\"left:770px;bottom:947px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"tw_183\" style=\"left:837px;bottom:947px;display:inline;\">1 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"tx_183\" style=\"left:65px;bottom:928px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Foreign exchange gains </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"ty_183\" style=\"left:692px;bottom:928px;letter-spacing:-0.32px;display:inline;\">(35) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"tz_183\" style=\"left:761px;bottom:928px;letter-spacing:-0.3px;display:inline;\">(10) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t10_183\" style=\"left:836px;bottom:928px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t11_183\" style=\"left:65px;bottom:910px;letter-spacing:-0.21px;word-spacing:-0.16px;display:inline;\">Other charges </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t12_183\" style=\"left:700px;bottom:910px;letter-spacing:-0.3px;display:inline;\">11 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t13_183\" style=\"left:770px;bottom:910px;display:inline;\">7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t14_183\" style=\"left:835px;bottom:910px;display:inline;\">8 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t15_183\" style=\"left:697px;bottom:891px;letter-spacing:-0.17px;display:inline;\">91 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t16_183\" style=\"left:760px;bottom:891px;letter-spacing:-0.27px;display:inline;\">118 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t17_183\" style=\"left:825px;bottom:891px;letter-spacing:-0.38px;display:inline;\">147 </div></td></tr></table>\n<div class=\"t s5_183\" id=\"t18_183\" style=\"left:65px;bottom:854px;letter-spacing:-0.22px;word-spacing:-0.11px;display:inline;\">Financial income comprises $24m (2022: $12m, 2021: $8m) relating to financial assets held at amortised cost and $15m (2022: $10m, 2021: $nil) </div><div class=\"t s5_183\" id=\"t19_183\" style=\"left:65px;bottom:839px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">relating to financial assets held at FVTPL. </div><div class=\"t s6_183\" id=\"t1a_183\" style=\"left:65px;bottom:816px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Interest expense on external borrowings and unwind of discount on deferred purchase consideration relate to </div><div class=\"t s5_183\" id=\"t1b_183\" style=\"left:679px;bottom:816px;letter-spacing:-0.07px;word-spacing:-0.09px;display:inline;\">financial liabilities which are </div><div class=\"t s6_183\" id=\"t1c_183\" style=\"left:65px;bottom:800px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">held at amortised cost. Other charges includes bank charges and non-bank interest expense. </div><div class=\"t s6_183\" id=\"t1d_183\" style=\"left:65px;bottom:778px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">In 2023, $43m (2022: $15m, 2021: $1m) was payable to the System Fund in relation to interest accumulated on the balance of cash received </div><div class=\"t s6_183\" id=\"t1e_183\" style=\"left:65px;bottom:762px;letter-spacing:-0.11px;word-spacing:-0.09px;display:inline;\">in advance of the consumption of points awarded through the IHG One Rewards loyalty programme. The expense and corresponding System </div><div class=\"t s5_183\" id=\"t1f_183\" style=\"left:65px;bottom:747px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Fund interest income are eliminated within financial expenses. On a net basis, financial income and expenses includes $1m (2022: $1m, </div><div class=\"t s6_183\" id=\"t1g_183\" style=\"left:65px;bottom:732px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">2021: $2m) of other interest which is also attributable to the System Fund. </div><div class=\"t s4_183\" id=\"t1h_183\" style=\"left:80px;bottom:708px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Net interest payable as calculated for bank covenants can be found on page 201. </div><div class=\"t s0_183\" id=\"t1i_183\" style=\"left:65px;bottom:674px;letter-spacing:-0.21px;word-spacing:0.07px;display:inline;\">8. Tax </div><div class=\"t s7_183\" id=\"t1j_183\" style=\"left:65px;bottom:658px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">Tax on profit/(loss) </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"2\" rowspan=\"1\" style=\"text-align: center;\"><div class=\"t s8_183\" id=\"t1k_183\" style=\"left:436px;bottom:647px;letter-spacing:0.09px;word-spacing:-0.18px;display:inline;\">United Kingdom </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"2\" rowspan=\"1\" style=\"text-align: center;\"><div class=\"t s8_183\" id=\"t1l_183\" style=\"left:592px;bottom:647px;letter-spacing:0.08px;word-spacing:-0.19px;display:inline;\">Other jurisdictions </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_183\" id=\"t1m_183\" style=\"left:819px;bottom:647px;letter-spacing:-0.07px;display:inline;\">Total </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_183\" id=\"t1n_183\" style=\"left:373px;bottom:631px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_183\" id=\"t1p_183\" style=\"left:430px;bottom:631px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_183\" id=\"t1r_183\" style=\"left:487px;bottom:631px;letter-spacing:0.16px;display:inline;\">2021 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_183\" id=\"t1t_183\" style=\"left:540px;bottom:631px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_183\" id=\"t1v_183\" style=\"left:597px;bottom:631px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_183\" id=\"t1x_183\" style=\"left:654px;bottom:631px;letter-spacing:0.16px;display:inline;\">2021 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_183\" id=\"t1z_183\" style=\"left:707px;bottom:631px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_183\" id=\"t21_183\" style=\"left:764px;bottom:631px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_183\" id=\"t23_183\" style=\"left:821px;bottom:631px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_183\" id=\"t1o_183\" style=\"left:382px;bottom:620px;letter-spacing:0.2px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_183\" id=\"t1q_183\" style=\"left:438px;bottom:620px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_183\" id=\"t1s_183\" style=\"left:493px;bottom:620px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_183\" id=\"t1u_183\" style=\"left:549px;bottom:620px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_183\" id=\"t1w_183\" style=\"left:605px;bottom:620px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_183\" id=\"t1y_183\" style=\"left:660px;bottom:620px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_183\" id=\"t20_183\" style=\"left:716px;bottom:620px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_183\" id=\"t22_183\" style=\"left:771px;bottom:620px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_183\" id=\"t24_183\" style=\"left:827px;bottom:620px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t25_183\" style=\"left:65px;bottom:603px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Current tax </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t26_183\" style=\"left:65px;bottom:584px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Current period </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t27_183\" style=\"left:385px;bottom:584px;letter-spacing:-0.22px;display:inline;\">16 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t28_183\" style=\"left:446px;bottom:584px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t29_183\" style=\"left:504px;bottom:584px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t2a_183\" style=\"left:543px;bottom:584px;letter-spacing:-0.13px;display:inline;\">245 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t2b_183\" style=\"left:603px;bottom:584px;letter-spacing:-0.09px;display:inline;\">177 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t2c_183\" style=\"left:657px;bottom:584px;letter-spacing:-0.13px;display:inline;\">138 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t2d_183\" style=\"left:712px;bottom:584px;letter-spacing:-0.18px;display:inline;\">261 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t2e_183\" style=\"left:768px;bottom:584px;letter-spacing:-0.15px;display:inline;\">183 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t2f_183\" style=\"left:824px;bottom:584px;letter-spacing:-0.14px;display:inline;\">139 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t2g_183\" style=\"left:65px;bottom:565px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Adjustments in respect of prior periods </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t2h_183\" style=\"left:391px;bottom:565px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t2i_183\" style=\"left:443px;bottom:565px;letter-spacing:-0.26px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t2j_183\" style=\"left:502px;bottom:565px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t2k_183\" style=\"left:552px;bottom:565px;letter-spacing:-0.25px;display:inline;\">12 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t2l_183\" style=\"left:609px;bottom:565px;letter-spacing:-0.29px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t2m_183\" style=\"left:668px;bottom:565px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t2n_183\" style=\"left:719px;bottom:565px;letter-spacing:-0.25px;display:inline;\">12 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t2o_183\" style=\"left:776px;bottom:565px;letter-spacing:0.03px;display:inline;\">(7) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t2p_183\" style=\"left:835px;bottom:565px;display:inline;\">4 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t2q_183\" style=\"left:385px;bottom:546px;letter-spacing:-0.22px;display:inline;\">16 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t2r_183\" style=\"left:446px;bottom:546px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t2s_183\" style=\"left:503px;bottom:546px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t2t_183\" style=\"left:544px;bottom:546px;letter-spacing:-0.23px;display:inline;\">257 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t2u_183\" style=\"left:603px;bottom:546px;letter-spacing:-0.26px;display:inline;\">172 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t2v_183\" style=\"left:658px;bottom:546px;letter-spacing:-0.27px;display:inline;\">142 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t2w_183\" style=\"left:711px;bottom:546px;letter-spacing:-0.28px;display:inline;\">273 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t2x_183\" style=\"left:770px;bottom:546px;letter-spacing:-0.36px;display:inline;\">176 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t2y_183\" style=\"left:824px;bottom:546px;letter-spacing:-0.13px;display:inline;\">143 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_183\" id=\"t2z_183\" style=\"left:65px;bottom:527px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Deferred tax </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t30_183\" style=\"left:65px;bottom:509px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Origination and reversal of temporary di\ufb00erences </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t31_183\" style=\"left:392px;bottom:509px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t32_183\" style=\"left:445px;bottom:509px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t33_183\" style=\"left:498px;bottom:509px;letter-spacing:0.03px;display:inline;\">(7) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t34_183\" style=\"left:549px;bottom:509px;letter-spacing:-0.26px;display:inline;\">(21) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t35_183\" style=\"left:609px;bottom:509px;letter-spacing:-0.38px;display:inline;\">(6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t36_183\" style=\"left:661px;bottom:509px;letter-spacing:-0.36px;display:inline;\">(14) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t37_183\" style=\"left:712px;bottom:509px;letter-spacing:-0.28px;display:inline;\">(20) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t38_183\" style=\"left:776px;bottom:509px;letter-spacing:0.03px;display:inline;\">(7) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t39_183\" style=\"left:828px;bottom:509px;letter-spacing:-0.2px;display:inline;\">(21) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t3a_183\" style=\"left:65px;bottom:490px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Changes in tax rates and tax laws </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t3b_183\" style=\"left:391px;bottom:490px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t3c_183\" style=\"left:447px;bottom:490px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t3d_183\" style=\"left:492px;bottom:490px;letter-spacing:-0.23px;display:inline;\">(25) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t3e_183\" style=\"left:557px;bottom:490px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t3f_183\" style=\"left:613px;bottom:490px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t3g_183\" style=\"left:669px;bottom:490px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t3h_183\" style=\"left:723px;bottom:490px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t3i_183\" style=\"left:780px;bottom:490px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t3j_183\" style=\"left:826px;bottom:490px;letter-spacing:-0.23px;display:inline;\">(25) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t3k_183\" style=\"left:65px;bottom:472px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Adjustments to unprovided or unrecognised </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s4_183\" id=\"t3l_183\" style=\"left:65px;bottom:459px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">deferred tax </div><div class=\"t sa_183\" id=\"t3m_183\" style=\"vertical-align: super;left:125px;bottom:465px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t3n_183\" style=\"left:391px;bottom:459px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t3o_183\" style=\"left:443px;bottom:459px;letter-spacing:-0.26px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t3p_183\" style=\"left:502px;bottom:459px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t3q_183\" style=\"left:556px;bottom:459px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t3r_183\" style=\"left:613px;bottom:459px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t3s_183\" style=\"left:669px;bottom:459px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t3t_183\" style=\"left:723px;bottom:459px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t3u_183\" style=\"left:776px;bottom:459px;letter-spacing:-0.26px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t3v_183\" style=\"left:835px;bottom:459px;display:inline;\">2 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t3w_183\" style=\"left:65px;bottom:440px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Adjustments in respect of prior periods </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t3x_183\" style=\"left:392px;bottom:440px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t3y_183\" style=\"left:446px;bottom:440px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t3z_183\" style=\"left:504px;bottom:440px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t40_183\" style=\"left:555px;bottom:440px;letter-spacing:-0.39px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t41_183\" style=\"left:609px;bottom:440px;letter-spacing:-0.29px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t42_183\" style=\"left:665px;bottom:440px;letter-spacing:-0.49px;display:inline;\">(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t43_183\" style=\"left:724px;bottom:440px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t44_183\" style=\"left:776px;bottom:440px;letter-spacing:-0.4px;display:inline;\">(3) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t45_183\" style=\"left:832px;bottom:440px;letter-spacing:-0.4px;display:inline;\">(3) </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t46_183\" style=\"left:390px;bottom:420px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t47_183\" style=\"left:445px;bottom:420px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t48_183\" style=\"left:492px;bottom:420px;letter-spacing:-0.23px;display:inline;\">(29) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t49_183\" style=\"left:549px;bottom:420px;letter-spacing:-0.31px;display:inline;\">(15) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t4a_183\" style=\"left:607px;bottom:420px;letter-spacing:-0.33px;display:inline;\">(11) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t4b_183\" style=\"left:661px;bottom:420px;letter-spacing:-0.29px;display:inline;\">(18) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t4c_183\" style=\"left:715px;bottom:420px;letter-spacing:-0.35px;display:inline;\">(13) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t4d_183\" style=\"left:772px;bottom:420px;letter-spacing:-0.3px;display:inline;\">(12) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t4e_183\" style=\"left:826px;bottom:420px;letter-spacing:-0.3px;display:inline;\">(47) </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s9_183\" id=\"t4f_183\" style=\"left:65px;bottom:402px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Income tax charge/(credit) for the year </div><div class=\"t sb_183\" id=\"t4g_183\" style=\"vertical-align: super;left:261px;bottom:408px;display:inline;\">b </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t4h_183\" style=\"left:385px;bottom:402px;letter-spacing:-0.22px;display:inline;\">18 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t4i_183\" style=\"left:446px;bottom:402px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t4j_183\" style=\"left:492px;bottom:402px;letter-spacing:-0.27px;display:inline;\">(28) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t4k_183\" style=\"left:543px;bottom:402px;letter-spacing:-0.25px;display:inline;\">242 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t4l_183\" style=\"left:604px;bottom:402px;letter-spacing:-0.13px;display:inline;\">161 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t4m_183\" style=\"left:658px;bottom:402px;letter-spacing:-0.32px;display:inline;\">124 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t4n_183\" style=\"left:709px;bottom:402px;letter-spacing:-0.2px;display:inline;\">260 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t4o_183\" style=\"left:768px;bottom:402px;letter-spacing:-0.14px;display:inline;\">164 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t4p_183\" style=\"left:828px;bottom:402px;display:inline;\">96 </div></td></tr></table>\n<div class=\"t sc_183\" id=\"t4q_183\" style=\"left:65px;bottom:378px;display:inline;\">a </div><div class=\"t s2_183\" id=\"t4r_183\" style=\"left:74px;bottom:374px;letter-spacing:0.03px;word-spacing:-0.13px;display:inline;\">Represents a reassessment of the recovery of deferred taxes in line with the Group\u2019s pro</div><div class=\"t sd_183\" id=\"t4s_183\" style=\"left:446px;bottom:374px;letter-spacing:0.08px;display:inline;\">fit </div><div class=\"t s2_183\" id=\"t4t_183\" style=\"left:457px;bottom:374px;letter-spacing:0.08px;display:inline;\">forecasts. </div><div class=\"t sc_183\" id=\"t4u_183\" style=\"left:65px;bottom:360px;display:inline;\">b </div><div class=\"t s2_183\" id=\"t4v_183\" style=\"left:74px;bottom:356px;letter-spacing:0.05px;word-spacing:-0.15px;display:inline;\">\u2018Other jurisdictions\u2019 includes $172m (2022: $134m, 2021: $112m) in respect of US taxes. </div><div class=\"t se_183\" id=\"t4w_183\" style=\"left:65px;bottom:31px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\"> </div><div class=\"t m0_183 sf_183\" id=\"t4x_183\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t se_183\" id=\"t4y_183\" style=\"left:828px;bottom:31px;display:inline;\"></div><div></div><div class=\"t s2_184\" id=\"t3_184\" style=\"left:65px;bottom:1100px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">Reconciliation of tax charge </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_184\" id=\"t4_184\" style=\"left:686px;bottom:1085px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_184\" id=\"t6_184\" style=\"left:753px;bottom:1085px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_184\" id=\"t8_184\" style=\"left:821px;bottom:1085px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_184\" id=\"t5_184\" style=\"left:702px;bottom:1075px;display:inline;\">% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_184\" id=\"t7_184\" style=\"left:768px;bottom:1075px;display:inline;\">% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_184\" id=\"t9_184\" style=\"left:834px;bottom:1075px;display:inline;\">% </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"ta_184\" style=\"left:65px;bottom:1057px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">Tax at UK blended rate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_184\" id=\"tb_184\" style=\"left:686px;bottom:1057px;letter-spacing:-0.16px;display:inline;\">23.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"tc_184\" style=\"left:754px;bottom:1057px;letter-spacing:-0.3px;display:inline;\">19.0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"td_184\" style=\"left:821px;bottom:1057px;letter-spacing:-0.3px;display:inline;\">19.0 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"te_184\" style=\"left:65px;bottom:1038px;letter-spacing:-0.29px;word-spacing:-0.06px;display:inline;\">Tax credits </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_184\" id=\"tf_184\" style=\"left:689px;bottom:1038px;letter-spacing:-0.33px;display:inline;\">(0.5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"tg_184\" style=\"left:758px;bottom:1038px;letter-spacing:-0.42px;display:inline;\">(0.1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"th_184\" style=\"left:824px;bottom:1038px;letter-spacing:-0.42px;display:inline;\">(0.1) </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s5_184\" id=\"ti_184\" style=\"left:65px;bottom:1020px;letter-spacing:-0.29px;word-spacing:-0.09px;display:inline;\">System Fund </div><div class=\"t s7_184\" id=\"tj_184\" style=\"vertical-align: super;left:129px;bottom:1026px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_184\" id=\"tk_184\" style=\"left:691px;bottom:1020px;letter-spacing:-0.27px;display:inline;\">(1.3) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"tl_184\" style=\"left:762px;bottom:1020px;letter-spacing:-0.36px;display:inline;\">3.1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"tm_184\" style=\"left:825px;bottom:1020px;letter-spacing:-0.27px;display:inline;\">0.4 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"tn_184\" style=\"left:65px;bottom:1001px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Foreign exchange gains </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_184\" id=\"to_184\" style=\"left:691px;bottom:1001px;letter-spacing:-0.33px;display:inline;\">(1.0) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"tp_184\" style=\"left:755px;bottom:1001px;letter-spacing:-0.3px;display:inline;\">(0.9) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"tq_184\" style=\"left:836px;bottom:1001px;display:inline;\">\u2013 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s5_184\" id=\"tr_184\" style=\"left:65px;bottom:983px;letter-spacing:-0.22px;word-spacing:-0.16px;display:inline;\">Other permanent di\ufb00erences </div><div class=\"t s7_184\" id=\"ts_184\" style=\"vertical-align: super;left:209px;bottom:989px;display:inline;\">b </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_184\" id=\"tt_184\" style=\"left:691px;bottom:983px;letter-spacing:-0.29px;display:inline;\">0.9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"tu_184\" style=\"left:759px;bottom:983px;letter-spacing:-0.21px;display:inline;\">0.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"tv_184\" style=\"left:827px;bottom:983px;letter-spacing:-0.19px;display:inline;\">1.4 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"tw_184\" style=\"left:65px;bottom:964px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Non-recoverable foreign taxes </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_184\" id=\"tx_184\" style=\"left:694px;bottom:964px;letter-spacing:-0.15px;display:inline;\">1.3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"ty_184\" style=\"left:759px;bottom:964px;letter-spacing:-0.11px;display:inline;\">3.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"tz_184\" style=\"left:825px;bottom:964px;letter-spacing:-0.11px;display:inline;\">3.5 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s5_184\" id=\"t10_184\" style=\"left:65px;bottom:946px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Net e\ufb00ect of di\ufb00erent rates of tax </div><div class=\"t s7_184\" id=\"t11_184\" style=\"vertical-align: super;left:227px;bottom:952px;display:inline;\">c </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_184\" id=\"t12_184\" style=\"left:695px;bottom:946px;letter-spacing:-0.14px;display:inline;\">1.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"t13_184\" style=\"left:759px;bottom:946px;letter-spacing:-0.14px;display:inline;\">6.3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"t14_184\" style=\"left:825px;bottom:946px;letter-spacing:-0.17px;display:inline;\">6.8 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s5_184\" id=\"t15_184\" style=\"left:65px;bottom:927px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">E\ufb00ect of changes in UK tax rates and laws </div><div class=\"t s7_184\" id=\"t16_184\" style=\"vertical-align: super;left:269px;bottom:934px;display:inline;\">d </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_184\" id=\"t17_184\" style=\"left:703px;bottom:927px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"t18_184\" style=\"left:770px;bottom:927px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"t19_184\" style=\"left:823px;bottom:927px;letter-spacing:-0.4px;display:inline;\">(7.0) </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s5_184\" id=\"t1a_184\" style=\"left:65px;bottom:909px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">E\ufb00ects of substantive enactment of UAE tax rates and laws </div><div class=\"t s7_184\" id=\"t1b_184\" style=\"vertical-align: super;left:352px;bottom:915px;display:inline;\">e </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_184\" id=\"t1c_184\" style=\"left:688px;bottom:909px;letter-spacing:-0.36px;display:inline;\">(0.9) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"t1d_184\" style=\"left:770px;bottom:909px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"t1e_184\" style=\"left:836px;bottom:909px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"t1f_184\" style=\"left:65px;bottom:890px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">E\ufb00ect of changes in other tax rates and laws </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_184\" id=\"t1g_184\" style=\"left:692px;bottom:890px;letter-spacing:-0.2px;display:inline;\">0.2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"t1h_184\" style=\"left:761px;bottom:890px;letter-spacing:-0.45px;display:inline;\">0.1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"t1i_184\" style=\"left:836px;bottom:890px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"t1j_184\" style=\"left:65px;bottom:872px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Reduction in current tax expense by previously unrecognised deferred tax assets </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_184\" id=\"t1k_184\" style=\"left:703px;bottom:872px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"t1l_184\" style=\"left:770px;bottom:872px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"t1m_184\" style=\"left:824px;bottom:872px;letter-spacing:-0.42px;display:inline;\">(0.1) </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s5_184\" id=\"t1n_184\" style=\"left:65px;bottom:853px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Items on which deferred tax arose but where no deferred tax is recognised </div><div class=\"t s7_184\" id=\"t1o_184\" style=\"vertical-align: super;left:431px;bottom:859px;display:inline;\">f </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_184\" id=\"t1p_184\" style=\"left:692px;bottom:853px;letter-spacing:-0.2px;display:inline;\">0.2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"t1q_184\" style=\"left:762px;bottom:853px;letter-spacing:-0.08px;display:inline;\">1.2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"t1r_184\" style=\"left:825px;bottom:853px;letter-spacing:-0.28px;display:inline;\">2.0 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s5_184\" id=\"t1s_184\" style=\"left:65px;bottom:835px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">E\ufb00ect of adjustments to unprovided or unrecognised deferred taxes </div><div class=\"t s7_184\" id=\"t1t_184\" style=\"vertical-align: super;left:399px;bottom:841px;display:inline;\">g </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_184\" id=\"t1u_184\" style=\"left:692px;bottom:835px;letter-spacing:-0.26px;display:inline;\">0.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"t1v_184\" style=\"left:755px;bottom:835px;letter-spacing:-0.33px;display:inline;\">(0.4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"t1w_184\" style=\"left:825px;bottom:835px;letter-spacing:-0.21px;display:inline;\">0.5 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s5_184\" id=\"t1x_184\" style=\"left:65px;bottom:816px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Adjustment to tax charge in respect of prior periods </div><div class=\"t s7_184\" id=\"t1y_184\" style=\"vertical-align: super;left:320px;bottom:822px;display:inline;\">h </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_184\" id=\"t1z_184\" style=\"left:694px;bottom:816px;letter-spacing:-0.15px;display:inline;\">1.3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"t20_184\" style=\"left:758px;bottom:816px;letter-spacing:-0.24px;display:inline;\">(1.9) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"t21_184\" style=\"left:825px;bottom:816px;letter-spacing:-0.16px;display:inline;\">0.2 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_184\" id=\"t22_184\" style=\"left:687px;bottom:797px;letter-spacing:-0.27px;display:inline;\">25.7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"t23_184\" style=\"left:752px;bottom:797px;letter-spacing:-0.23px;display:inline;\">30.4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"t24_184\" style=\"left:819px;bottom:797px;letter-spacing:-0.23px;display:inline;\">26.6 </div></td></tr></table>\n<div class=\"t s8_184\" id=\"t25_184\" style=\"left:65px;bottom:774px;display:inline;\">a </div><div class=\"t s4_184\" id=\"t26_184\" style=\"left:74px;bottom:770px;letter-spacing:0.02px;word-spacing:-0.13px;display:inline;\">The System Fund is, in general, not subject to taxation. </div><div class=\"t s8_184\" id=\"t27_184\" style=\"left:65px;bottom:756px;display:inline;\">b </div><div class=\"t s4_184\" id=\"t28_184\" style=\"left:74px;bottom:752px;letter-spacing:0.04px;word-spacing:-0.15px;display:inline;\">Includes (0.6) percentage points (2022: (1.0) percentage points, 2021: (0.7) percentage points) in respect of the US Foreign-derived intangible income regime. </div><div class=\"t s8_184\" id=\"t29_184\" style=\"left:65px;bottom:737px;display:inline;\">c </div><div class=\"t s4_184\" id=\"t2a_184\" style=\"left:74px;bottom:733px;letter-spacing:0.03px;word-spacing:-0.14px;display:inline;\">Includes 1.3 percentage points (2022: 6.9 percentage points, 2021: 7.1 percentage points) driven by the relatively high blended US rate, which includes US Federal and State taxes. </div><div class=\"t s8_184\" id=\"t2b_184\" style=\"left:65px;bottom:719px;display:inline;\">d </div><div class=\"t s4_184\" id=\"t2c_184\" style=\"left:74px;bottom:715px;letter-spacing:0.02px;word-spacing:-0.13px;display:inline;\">In 2021, the UK Government enacted an increase to the UK rate of Corporation Tax from 19% to 25%. </div><div class=\"t s8_184\" id=\"t2d_184\" style=\"left:65px;bottom:701px;display:inline;\">e </div><div class=\"t s4_184\" id=\"t2e_184\" style=\"left:74px;bottom:697px;letter-spacing:0.03px;word-spacing:-0.14px;display:inline;\">During 2023, law implementing a new corporate income tax regime was substantively enacted in the UAE. This resulted in the recognition of a deferred tax asset of $9m in the UAE. </div><div class=\"t s4_184\" id=\"t2f_184\" style=\"left:74px;bottom:686px;letter-spacing:0.05px;word-spacing:-0.15px;display:inline;\">Absent further law change, this bene</div><div class=\"t s9_184\" id=\"t2g_184\" style=\"left:230px;bottom:686px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">fit is not likely to reoccur. </div><div class=\"t s8_184\" id=\"t2h_184\" style=\"left:65px;bottom:672px;display:inline;\">f </div><div class=\"t s4_184\" id=\"t2i_184\" style=\"left:74px;bottom:668px;letter-spacing:0.02px;word-spacing:-0.13px;display:inline;\">Predominantly in respect of losses arising in the year. </div><div class=\"t s8_184\" id=\"t2j_184\" style=\"left:65px;bottom:653px;display:inline;\">g </div><div class=\"t s4_184\" id=\"t2k_184\" style=\"left:74px;bottom:649px;letter-spacing:0.03px;word-spacing:-0.14px;display:inline;\">Entirely in respect of adjustments relating to estimated recoverable deferred tax assets other than 2023. In 2023, includes 0.7 percentage points respectively relating to the provision </div><div class=\"t s4_184\" id=\"t2l_184\" style=\"left:74px;bottom:639px;letter-spacing:0.04px;word-spacing:-0.15px;display:inline;\">of previously unprovided deferred tax liabilities which arise on temporary di\ufb00erences in subsidiaries. </div><div class=\"t s8_184\" id=\"t2m_184\" style=\"left:65px;bottom:624px;display:inline;\">h </div><div class=\"t s9_184\" id=\"t2n_184\" style=\"left:74px;bottom:620px;letter-spacing:0.02px;word-spacing:-0.14px;display:inline;\">Relates to the finalisation o</div><div class=\"t s4_184\" id=\"t2o_184\" style=\"left:187px;bottom:620px;letter-spacing:0.04px;word-spacing:-0.15px;display:inline;\">f tax returns, activity from tax authorities such as tax audits and the reassessment of provisions for uncertain tax positions. </div><div class=\"t s2_184\" id=\"t2p_184\" style=\"left:65px;bottom:588px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Factors that may a\ufb00ect the future tax charge </div><div class=\"t sa_184\" id=\"t2q_184\" style=\"left:65px;bottom:573px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">Many factors will a\ufb00ect the Group\u2019s future tax rate, the main ones being future legislative developments, future pro</div><div class=\"t sb_184\" id=\"t2r_184\" style=\"left:701px;bottom:573px;letter-spacing:-0.04px;word-spacing:-0.12px;display:inline;\">fitability o</div><div class=\"t sa_184\" id=\"t2s_184\" style=\"left:756px;bottom:573px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">f underlying </div><div class=\"t sa_184\" id=\"t2t_184\" style=\"left:65px;bottom:558px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">subsidiaries and tax uncertainties. </div><div class=\"t sa_184\" id=\"t2u_184\" style=\"left:65px;bottom:535px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">In 2021, the OECD made proposals for worldwide tax reform under a two \u2018pillar\u2019 system \u2013 Pillar One and Pillar Two. Pillar One has not been </div><div class=\"t sa_184\" id=\"t2v_184\" style=\"left:65px;bottom:520px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">enacted in any jurisdiction, but even if it were in its current form, the Group would not expect to be impacted. </div><div class=\"t sb_184\" id=\"t2w_184\" style=\"left:65px;bottom:497px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Pillar Two seeks to impose a global minimum tax, essentially establishing a floor on corporate tax competition by ensuring a large </div><div class=\"t sa_184\" id=\"t2x_184\" style=\"left:65px;bottom:481px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">multinational enterprise is subject to tax in each jurisdiction at a 15% e\ufb00ective minimum tax rate regardless of where it operates. A total </div><div class=\"t sa_184\" id=\"t2y_184\" style=\"left:65px;bottom:466px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">of 145 jurisdictions have agreed in principle to implement the Pillar Two rules with approximately a third of these actively preparing and </div><div class=\"t sa_184\" id=\"t2z_184\" style=\"left:65px;bottom:451px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">implementing legislation. Notably the UK, the Group\u2019s headquarter jurisdiction, substantively enacted the Pillar Two rules in 2023 and as </div><div class=\"t sa_184\" id=\"t30_184\" style=\"left:65px;bottom:436px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">such they will apply to the Group on a worldwide basis from 1 January 2024, with the </div><div class=\"t sb_184\" id=\"t31_184\" style=\"left:536px;bottom:436px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">first tax return due to be filed by 30 June 2026. </div><div class=\"t sb_184\" id=\"t32_184\" style=\"left:65px;bottom:413px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">For the first three years o</div><div class=\"t sa_184\" id=\"t33_184\" style=\"left:203px;bottom:413px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">f operation, transitional exemptions operate on a jurisdiction-by-jurisdiction basis to remove the need to prepare </div><div class=\"t sa_184\" id=\"t34_184\" style=\"left:65px;bottom:397px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">full calculations. The Group has analysed these exemptions on the assumption that the Pillar Two rules were to have applied in the periods </div><div class=\"t sa_184\" id=\"t35_184\" style=\"left:65px;bottom:382px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">2019 to 2022 and concluded that only three jurisdictions in the Group would have failed to meet the exemptions once transactions or items </div><div class=\"t sa_184\" id=\"t36_184\" style=\"left:65px;bottom:367px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">that the Group would not expect to recur in the future were excluded. Failing to meet the exemptions does not mean that Pillar Two tax will </div><div class=\"t sa_184\" id=\"t37_184\" style=\"left:65px;bottom:352px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">be due, but instead that the full calculations are performed, which are complex in nature. The pro</div><div class=\"t sb_184\" id=\"t38_184\" style=\"left:605px;bottom:352px;letter-spacing:-0.02px;word-spacing:-0.14px;display:inline;\">fit be</div><div class=\"t sa_184\" id=\"t39_184\" style=\"left:633px;bottom:352px;letter-spacing:-0.09px;word-spacing:-0.07px;display:inline;\">fore tax for these three territories in </div><div class=\"t sa_184\" id=\"t3a_184\" style=\"left:65px;bottom:336px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">2023 was c.$35m and accordingly the Group does not believe any material Pillar Two tax would have arisen. </div><div class=\"t sa_184\" id=\"t3b_184\" style=\"left:65px;bottom:313px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Once the transitional exemptions cease to be available at the start of 2027, the Group will be required to perform full calculations for every </div><div class=\"t sa_184\" id=\"t3c_184\" style=\"left:65px;bottom:298px;letter-spacing:-0.18px;word-spacing:-0.08px;display:inline;\">jurisdiction. The Group will continue to assess the future impact of the rules, taking into account the issuance of new guidance and re</div><div class=\"t sb_184\" id=\"t3d_184\" style=\"left:789px;bottom:298px;letter-spacing:-0.12px;display:inline;\">finements </div><div class=\"t sb_184\" id=\"t3e_184\" style=\"left:65px;bottom:283px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">to the rules (including possible new exemptions), expected to occur within the next three years. However, given that a significant proportion </div><div class=\"t sa_184\" id=\"t3f_184\" style=\"left:65px;bottom:267px;letter-spacing:-0.12px;word-spacing:-0.02px;display:inline;\">of the Group\u2019s pro</div><div class=\"t sb_184\" id=\"t3g_184\" style=\"left:166px;bottom:267px;letter-spacing:-0.02px;word-spacing:-0.14px;display:inline;\">fit be</div><div class=\"t sa_184\" id=\"t3h_184\" style=\"left:194px;bottom:267px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">fore tax was earned in legal entities in the US, UK and China, each of which has a blended future statutory tax rate of </div><div class=\"t sa_184\" id=\"t3i_184\" style=\"left:65px;bottom:252px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">25% or higher, the Group considers the likelihood of material future Pillar Two taxes arising to be low, based upon the current pro</div><div class=\"t sb_184\" id=\"t3j_184\" style=\"left:778px;bottom:252px;letter-spacing:-0.05px;word-spacing:-0.11px;display:inline;\">file o</div><div class=\"t sa_184\" id=\"t3k_184\" style=\"left:805px;bottom:252px;letter-spacing:-0.11px;word-spacing:-0.06px;display:inline;\">f the </div><div class=\"t sa_184\" id=\"t3l_184\" style=\"left:65px;bottom:237px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Group\u2019s business. </div><div class=\"t sa_184\" id=\"t3m_184\" style=\"left:65px;bottom:214px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">As a revenue protecting measure, more jurisdictions are beginning to implement their own minimum tax systems, in general, with rules </div><div class=\"t sa_184\" id=\"t3n_184\" style=\"left:65px;bottom:199px;letter-spacing:-0.1px;word-spacing:-0.05px;display:inline;\">similar to those of Pillar Two. This has the impact of replacing any Pillar Two tax arising on the pro</div><div class=\"t sb_184\" id=\"t3o_184\" style=\"left:601px;bottom:199px;letter-spacing:-0.03px;word-spacing:-0.13px;display:inline;\">fits o</div><div class=\"t sa_184\" id=\"t3p_184\" style=\"left:628px;bottom:199px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">f a jurisdiction with an equivalent </div><div class=\"t sa_184\" id=\"t3q_184\" style=\"left:65px;bottom:183px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">amount of domestic tax. </div><div class=\"t s2_184\" id=\"t3r_184\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t sc_184\" id=\"t3s_184\" style=\"left:65px;bottom:31px;letter-spacing:-0.02px;display:inline;\"> </div><div></div><div class=\"t s0_185\" id=\"t1_185\" style=\"left:65px;bottom:1100px;letter-spacing:-0.13px;display:inline;\">Tax paid </div><div class=\"t s1_185\" id=\"t2_185\" style=\"left:65px;bottom:1084px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">Total tax paid (net of refunds) is entirely in respect of operating activities. This comprises taxes paid directly by Group entities to taxing </div><div class=\"t s1_185\" id=\"t3_185\" style=\"left:65px;bottom:1069px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">authorities and taxes withheld at source in respect of fees payable to the Group. Taxes withheld at source are paid by hotel owners to their </div><div class=\"t s1_185\" id=\"t4_185\" style=\"left:65px;bottom:1054px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">local taxing authorities on behalf of the Group. The table below shows the territories to whom taxes are directly paid by the Group which </div><div class=\"t s1_185\" id=\"t5_185\" style=\"left:65px;bottom:1039px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">exceed $5m in the current or comparative periods, in addition to the UK, the Group\u2019s headquarter jurisdiction. The year-on-year increases </div><div class=\"t s2_185\" id=\"t6_185\" style=\"left:65px;bottom:1023px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">are predominantly driven by corresponding increases to Group profitability and re</div><div class=\"t s1_185\" id=\"t7_185\" style=\"left:521px;bottom:1023px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">funds received in 2021 in respect of earlier periods. </div>\u00a0<table>\n                                            <tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_185\" id=\"t8_185\" style=\"left:686px;bottom:1001px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_185\" id=\"ta_185\" style=\"left:753px;bottom:1001px;letter-spacing:0.17px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_185\" id=\"tc_185\" style=\"left:821px;bottom:1001px;letter-spacing:0.14px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_185\" id=\"t9_185\" style=\"left:695px;bottom:991px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_185\" id=\"tb_185\" style=\"left:761px;bottom:991px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_185\" id=\"td_185\" style=\"left:827px;bottom:991px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s5_185\" id=\"te_185\" style=\"left:65px;bottom:973px;letter-spacing:-0.22px;display:inline;\">China </div><div class=\"t s6_185\" id=\"tf_185\" style=\"vertical-align: super;left:94px;bottom:979px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_185\" id=\"tg_185\" style=\"left:702px;bottom:973px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"th_185\" style=\"left:764px;bottom:973px;letter-spacing:-0.22px;display:inline;\">10 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"ti_185\" style=\"left:835px;bottom:973px;display:inline;\">3 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"tj_185\" style=\"left:65px;bottom:954px;letter-spacing:-0.12px;display:inline;\">UK </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_185\" id=\"tk_185\" style=\"left:702px;bottom:954px;display:inline;\">8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"tl_185\" style=\"left:769px;bottom:954px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"tm_185\" style=\"left:832px;bottom:954px;letter-spacing:-0.26px;display:inline;\">(2) </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s5_185\" id=\"tn_185\" style=\"left:65px;bottom:936px;letter-spacing:-0.17px;display:inline;\">US </div><div class=\"t s6_185\" id=\"to_185\" style=\"vertical-align: super;left:79px;bottom:942px;display:inline;\">b </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_185\" id=\"tp_185\" style=\"left:694px;bottom:936px;letter-spacing:-0.23px;display:inline;\">171 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"tq_185\" style=\"left:758px;bottom:936px;letter-spacing:-0.13px;display:inline;\">165 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"tr_185\" style=\"left:828px;bottom:936px;letter-spacing:-0.11px;display:inline;\">68 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"ts_185\" style=\"left:65px;bottom:917px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Other jurisdictions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_185\" id=\"tt_185\" style=\"left:696px;bottom:917px;letter-spacing:-0.04px;display:inline;\">22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"tu_185\" style=\"left:767px;bottom:917px;letter-spacing:-0.3px;display:inline;\">11 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"tv_185\" style=\"left:837px;bottom:917px;display:inline;\">1 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_185\" id=\"tw_185\" style=\"left:688px;bottom:899px;letter-spacing:-0.17px;display:inline;\">206 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"tx_185\" style=\"left:758px;bottom:899px;letter-spacing:-0.17px;display:inline;\">189 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"ty_185\" style=\"left:829px;bottom:899px;letter-spacing:-0.41px;display:inline;\">70 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"tz_185\" style=\"left:65px;bottom:880px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">Taxes withheld at source </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_185\" id=\"t10_185\" style=\"left:696px;bottom:880px;letter-spacing:-0.26px;display:inline;\">37 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t11_185\" style=\"left:763px;bottom:880px;letter-spacing:0.03px;display:inline;\">22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t12_185\" style=\"left:830px;bottom:880px;letter-spacing:-0.2px;display:inline;\">16 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_185\" id=\"t13_185\" style=\"left:65px;bottom:862px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Tax paid per cash flow </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_185\" id=\"t14_185\" style=\"left:689px;bottom:862px;letter-spacing:-0.13px;display:inline;\">243 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t15_185\" style=\"left:761px;bottom:862px;letter-spacing:-0.17px;display:inline;\">211 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t16_185\" style=\"left:828px;bottom:862px;letter-spacing:-0.13px;display:inline;\">86 </div></td></tr>\n                                        </table>\n<div class=\"t s8_185\" id=\"t17_185\" style=\"left:65px;bottom:838px;display:inline;\">a </div><div class=\"t s9_185\" id=\"t18_185\" style=\"left:74px;bottom:834px;letter-spacing:0.03px;word-spacing:-0.14px;display:inline;\">Tax payments are typically based upon the previous year\u2019s profits. </div><div class=\"t s8_185\" id=\"t19_185\" style=\"left:65px;bottom:820px;display:inline;\">b </div><div class=\"t s4_185\" id=\"t1a_185\" style=\"left:74px;bottom:816px;letter-spacing:0.04px;word-spacing:-0.15px;display:inline;\">Includes refunds in respect of earlier periods of $nil (2022: $nil, 2021: $15m). </div><div class=\"t s1_185\" id=\"t1b_185\" style=\"left:65px;bottom:784px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">A reconciliation of tax paid to the total current tax charge in the Group income statement is as follows: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_185\" id=\"t1c_185\" style=\"left:686px;bottom:762px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_185\" id=\"t1e_185\" style=\"left:753px;bottom:762px;letter-spacing:0.17px;display:inline;\">2022 </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_185\" id=\"t1g_185\" style=\"left:821px;bottom:762px;letter-spacing:0.14px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_185\" id=\"t1d_185\" style=\"left:695px;bottom:751px;letter-spacing:0.19px;display:inline;\">$m </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_185\" id=\"t1f_185\" style=\"left:761px;bottom:751px;letter-spacing:0.16px;display:inline;\">$m </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_185\" id=\"t1h_185\" style=\"left:827px;bottom:751px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t1i_185\" style=\"left:65px;bottom:734px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Current tax charge in the Group income statement </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_185\" id=\"t1j_185\" style=\"left:690px;bottom:734px;letter-spacing:-0.28px;display:inline;\">273 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t1k_185\" style=\"left:759px;bottom:734px;letter-spacing:-0.36px;display:inline;\">176 </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t1l_185\" style=\"left:824px;bottom:734px;letter-spacing:-0.17px;display:inline;\">143 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t1m_185\" style=\"left:65px;bottom:715px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Current tax credit in the Group statement of comprehensive income </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_185\" id=\"t1n_185\" style=\"left:699px;bottom:715px;letter-spacing:-0.4px;display:inline;\">(6) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t1o_185\" style=\"left:766px;bottom:715px;letter-spacing:-0.26px;display:inline;\">(2) </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t1p_185\" style=\"left:836px;bottom:715px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t1q_185\" style=\"left:65px;bottom:697px;letter-spacing:-0.23px;word-spacing:-0.11px;display:inline;\">Current tax credit taken directly to equity </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_185\" id=\"t1r_185\" style=\"left:699px;bottom:697px;letter-spacing:-0.37px;display:inline;\">(5) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t1s_185\" style=\"left:770px;bottom:697px;display:inline;\">\u2013 </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t1t_185\" style=\"left:836px;bottom:697px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t1u_185\" style=\"left:65px;bottom:678px;letter-spacing:-0.27px;word-spacing:-0.08px;display:inline;\">Total current tax charge </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_185\" id=\"t1v_185\" style=\"left:689px;bottom:678px;letter-spacing:-0.21px;display:inline;\">262 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t1w_185\" style=\"left:760px;bottom:678px;letter-spacing:-0.55px;display:inline;\">174 </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t1x_185\" style=\"left:824px;bottom:678px;letter-spacing:-0.17px;display:inline;\">143 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s5_185\" id=\"t1y_185\" style=\"left:65px;bottom:659px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Movements to tax contingencies </div><div class=\"t s6_185\" id=\"t1z_185\" style=\"vertical-align: super;left:226px;bottom:666px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_185\" id=\"t20_185\" style=\"left:699px;bottom:659px;letter-spacing:-0.29px;display:inline;\">(2) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t21_185\" style=\"left:764px;bottom:659px;letter-spacing:-0.22px;display:inline;\">10 </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t22_185\" style=\"left:832px;bottom:659px;letter-spacing:-0.49px;display:inline;\">(4) </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s5_185\" id=\"t23_185\" style=\"left:65px;bottom:641px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Timing di\ufb00erences of cash tax paid and foreign exchange di\ufb00erences </div><div class=\"t s6_185\" id=\"t24_185\" style=\"vertical-align: super;left:405px;bottom:647px;display:inline;\">b </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_185\" id=\"t25_185\" style=\"left:695px;bottom:641px;letter-spacing:-0.25px;display:inline;\">(17) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t26_185\" style=\"left:764px;bottom:641px;letter-spacing:-0.16px;display:inline;\">27 </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t27_185\" style=\"left:825px;bottom:641px;letter-spacing:-0.25px;display:inline;\">(53) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_185\" id=\"t28_185\" style=\"left:65px;bottom:622px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Tax paid per cash flow </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_185\" id=\"t29_185\" style=\"left:689px;bottom:622px;letter-spacing:-0.13px;display:inline;\">243 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t2a_185\" style=\"left:761px;bottom:622px;letter-spacing:-0.17px;display:inline;\">211 </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t2b_185\" style=\"left:828px;bottom:622px;letter-spacing:-0.13px;display:inline;\">86 </div></td></tr></table>\n<div class=\"t s8_185\" id=\"t2c_185\" style=\"left:65px;bottom:599px;display:inline;\">a </div><div class=\"t s4_185\" id=\"t2d_185\" style=\"left:74px;bottom:595px;letter-spacing:0.03px;word-spacing:-0.13px;display:inline;\">Tax contingency movements are included within the current tax charge but do not impact cash tax paid in the year. Settlements of tax contingencies are included within cash tax </div><div class=\"t s4_185\" id=\"t2e_185\" style=\"left:74px;bottom:584px;letter-spacing:0.02px;word-spacing:-0.13px;display:inline;\">paid in the year but not recorded in the current year tax charge. </div><div class=\"t s8_185\" id=\"t2f_185\" style=\"left:65px;bottom:570px;display:inline;\">b </div><div class=\"t s4_185\" id=\"t2g_185\" style=\"left:74px;bottom:566px;letter-spacing:0.04px;word-spacing:-0.14px;display:inline;\">2021 included $20m of refunds in respect of earlier years, $12m of other receivables which have been allocated to payments that otherwise would have been due and $28m </div><div class=\"t s4_185\" id=\"t2h_185\" style=\"left:74px;bottom:555px;letter-spacing:0.05px;word-spacing:-0.15px;display:inline;\">of payments due in 2022. </div><div class=\"t sc_185\" id=\"t2k_185\" style=\"left:65px;bottom:31px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\"> </div><div class=\"t m0_185 sd_185\" id=\"t2l_185\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t sc_185\" id=\"t2m_185\" style=\"left:825px;bottom:31px;letter-spacing:0.07px;display:inline;\"></div><div></div><div class=\"t s2_186\" id=\"t3_186\" style=\"left:65px;bottom:1100px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">Deferred tax </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t4_186\" style=\"left:201px;bottom:1085px;letter-spacing:0.04px;display:inline;\">Property, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tt_186\" style=\"left:624px;bottom:1085px;letter-spacing:0.13px;display:inline;\">Expected </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t5_186\" style=\"left:216px;bottom:1075px;letter-spacing:0.1px;display:inline;\">plant, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tu_186\" style=\"left:640px;bottom:1075px;letter-spacing:0.08px;display:inline;\">credit </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tz_186\" style=\"left:678px;bottom:1075px;letter-spacing:0.09px;display:inline;\">Intangible </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t14_186\" style=\"left:761px;bottom:1075px;letter-spacing:0.13px;display:inline;\">Other </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t6_186\" style=\"left:194px;bottom:1064px;letter-spacing:0.12px;display:inline;\">equipment </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"td_186\" style=\"left:319px;bottom:1064px;letter-spacing:0.08px;display:inline;\">Deferred </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tv_186\" style=\"left:639px;bottom:1064px;letter-spacing:0.15px;display:inline;\">losses </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t10_186\" style=\"left:695px;bottom:1064px;letter-spacing:0.13px;display:inline;\">assets </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t15_186\" style=\"left:740px;bottom:1064px;letter-spacing:0.05px;display:inline;\">short-term </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t7_186\" style=\"left:225px;bottom:1053px;letter-spacing:0.11px;display:inline;\">and </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"ta_186\" style=\"left:251px;bottom:1053px;letter-spacing:0.08px;display:inline;\">Application </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"te_186\" style=\"left:322px;bottom:1053px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">gains on </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tn_186\" style=\"left:488px;bottom:1053px;letter-spacing:0.06px;display:inline;\">Employee </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tq_186\" style=\"left:566px;bottom:1053px;letter-spacing:0.09px;display:inline;\">Deferred </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tw_186\" style=\"left:630px;bottom:1053px;letter-spacing:0.06px;word-spacing:-0.17px;display:inline;\">on trade </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t11_186\" style=\"left:679px;bottom:1053px;letter-spacing:0.06px;display:inline;\">excluding </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t16_186\" style=\"left:740px;bottom:1053px;letter-spacing:0.12px;display:inline;\">temporary </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t8_186\" style=\"left:203px;bottom:1043px;letter-spacing:0.09px;display:inline;\">software </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tb_186\" style=\"left:284px;bottom:1043px;letter-spacing:0.1px;display:inline;\">fees </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s3_186\" id=\"tf_186\" style=\"left:314px;bottom:1043px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">loan notes </div><div class=\"t s4_186\" id=\"tg_186\" style=\"vertical-align: super;left:359px;bottom:1048px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"ti_186\" style=\"left:371px;bottom:1043px;letter-spacing:0.12px;display:inline;\">Associates </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s3_186\" id=\"tk_186\" style=\"left:445px;bottom:1043px;letter-spacing:0.16px;display:inline;\">Losses </div><div class=\"t s4_186\" id=\"tl_186\" style=\"vertical-align: super;left:476px;bottom:1048px;display:inline;\">b </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_186\" id=\"to_186\" style=\"left:496px;bottom:1043px;letter-spacing:0.11px;display:inline;\">benefits </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tr_186\" style=\"left:542px;bottom:1043px;letter-spacing:0.13px;display:inline;\">compensation </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tx_186\" style=\"left:615px;bottom:1043px;letter-spacing:0.09px;display:inline;\">receivables </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t12_186\" style=\"left:684px;bottom:1043px;letter-spacing:0.1px;display:inline;\">software </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s3_186\" id=\"t17_186\" style=\"left:737px;bottom:1043px;letter-spacing:0.12px;display:inline;\">di\ufb00erences </div><div class=\"t s4_186\" id=\"t18_186\" style=\"vertical-align: super;left:787px;bottom:1048px;letter-spacing:0.13px;display:inline;\">c,d </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t1a_186\" style=\"left:819px;bottom:1043px;letter-spacing:-0.07px;display:inline;\">Total </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t9_186\" style=\"left:228px;bottom:1032px;letter-spacing:0.2px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tc_186\" style=\"left:288px;bottom:1032px;letter-spacing:0.2px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"th_186\" style=\"left:345px;bottom:1032px;letter-spacing:0.2px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tj_186\" style=\"left:405px;bottom:1032px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tm_186\" style=\"left:461px;bottom:1032px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tp_186\" style=\"left:518px;bottom:1032px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"ts_186\" style=\"left:591px;bottom:1032px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"ty_186\" style=\"left:652px;bottom:1032px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t13_186\" style=\"left:708px;bottom:1032px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t19_186\" style=\"left:772px;bottom:1032px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t1b_186\" style=\"left:827px;bottom:1032px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1c_186\" style=\"left:65px;bottom:1014px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">At 1 January 2022 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1d_186\" style=\"left:228px;bottom:1014px;letter-spacing:-0.31px;display:inline;\">(81) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1e_186\" style=\"left:289px;bottom:1014px;letter-spacing:-0.14px;display:inline;\">40 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1f_186\" style=\"left:343px;bottom:1014px;letter-spacing:-0.31px;display:inline;\">(34) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1g_186\" style=\"left:404px;bottom:1014px;letter-spacing:-0.23px;display:inline;\">(55) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1h_186\" style=\"left:463px;bottom:1014px;letter-spacing:-0.09px;display:inline;\">84 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1i_186\" style=\"left:519px;bottom:1014px;letter-spacing:-0.13px;display:inline;\">39 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1j_186\" style=\"left:593px;bottom:1014px;letter-spacing:-0.07px;display:inline;\">48 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1k_186\" style=\"left:653px;bottom:1014px;letter-spacing:-0.25px;display:inline;\">20 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1l_186\" style=\"left:709px;bottom:1014px;letter-spacing:-0.28px;display:inline;\">(16) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1m_186\" style=\"left:780px;bottom:1014px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1n_186\" style=\"left:828px;bottom:1014px;letter-spacing:-0.11px;display:inline;\">54 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1o_186\" style=\"left:65px;bottom:996px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Group income </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1p_186\" style=\"left:65px;bottom:983px;letter-spacing:-0.22px;display:inline;\">statement </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1q_186\" style=\"left:230px;bottom:983px;letter-spacing:-0.24px;display:inline;\">32 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1r_186\" style=\"left:299px;bottom:983px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1s_186\" style=\"left:353px;bottom:983px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1t_186\" style=\"left:410px;bottom:983px;letter-spacing:-0.49px;display:inline;\">(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1u_186\" style=\"left:470px;bottom:983px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1v_186\" style=\"left:528px;bottom:983px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1w_186\" style=\"left:599px;bottom:983px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1x_186\" style=\"left:657px;bottom:983px;letter-spacing:-0.29px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1y_186\" style=\"left:709px;bottom:983px;letter-spacing:-0.2px;display:inline;\">(21) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1z_186\" style=\"left:778px;bottom:983px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t20_186\" style=\"left:831px;bottom:983px;letter-spacing:-0.26px;display:inline;\">12 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t21_186\" style=\"left:65px;bottom:964px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Group statement </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"tcs-selection-enabled tcs-selected emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t22_186\" style=\"left:65px;bottom:951px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">of comprehensive </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t23_186\" style=\"left:65px;bottom:938px;letter-spacing:-0.21px;display:inline;\">income </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t24_186\" style=\"left:237px;bottom:938px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t25_186\" style=\"left:297px;bottom:938px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t26_186\" style=\"left:353px;bottom:938px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t27_186\" style=\"left:414px;bottom:938px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t28_186\" style=\"left:469px;bottom:938px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t29_186\" style=\"left:523px;bottom:938px;letter-spacing:-0.38px;display:inline;\">(6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2a_186\" style=\"left:600px;bottom:938px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2b_186\" style=\"left:661px;bottom:938px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2c_186\" style=\"left:717px;bottom:938px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2d_186\" style=\"left:780px;bottom:938px;display:inline;\">8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2e_186\" style=\"left:837px;bottom:938px;display:inline;\">1 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2f_186\" style=\"left:65px;bottom:920px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Group statement </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2g_186\" style=\"left:65px;bottom:907px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">of changes in equity </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2h_186\" style=\"left:237px;bottom:907px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2i_186\" style=\"left:297px;bottom:907px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2j_186\" style=\"left:353px;bottom:907px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2k_186\" style=\"left:414px;bottom:907px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2l_186\" style=\"left:470px;bottom:907px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2m_186\" style=\"left:528px;bottom:907px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2n_186\" style=\"left:600px;bottom:907px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2o_186\" style=\"left:661px;bottom:907px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2p_186\" style=\"left:717px;bottom:907px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2q_186\" style=\"left:781px;bottom:907px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2r_186\" style=\"left:837px;bottom:907px;display:inline;\">1 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2s_186\" style=\"left:65px;bottom:888px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Exchange and </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2t_186\" style=\"left:65px;bottom:875px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2u_186\" style=\"left:233px;bottom:875px;letter-spacing:-0.49px;display:inline;\">(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2v_186\" style=\"left:297px;bottom:875px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2w_186\" style=\"left:353px;bottom:875px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2x_186\" style=\"left:414px;bottom:875px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2y_186\" style=\"left:466px;bottom:875px;letter-spacing:-0.36px;display:inline;\">(9) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2z_186\" style=\"left:523px;bottom:875px;letter-spacing:-0.4px;display:inline;\">(3) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t30_186\" style=\"left:604px;bottom:875px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t31_186\" style=\"left:659px;bottom:875px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t32_186\" style=\"left:713px;bottom:875px;letter-spacing:-0.4px;display:inline;\">(3) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t33_186\" style=\"left:781px;bottom:875px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t34_186\" style=\"left:825px;bottom:875px;letter-spacing:-0.26px;display:inline;\">(20) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t35_186\" style=\"left:65px;bottom:857px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t36_186\" style=\"left:226px;bottom:857px;letter-spacing:-0.25px;display:inline;\">(53) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t37_186\" style=\"left:295px;bottom:857px;letter-spacing:-0.36px;display:inline;\">41 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t38_186\" style=\"left:343px;bottom:857px;letter-spacing:-0.31px;display:inline;\">(34) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t39_186\" style=\"left:404px;bottom:857px;letter-spacing:-0.27px;display:inline;\">(59) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t3a_186\" style=\"left:464px;bottom:857px;letter-spacing:-0.25px;display:inline;\">79 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t3b_186\" style=\"left:520px;bottom:857px;letter-spacing:-0.24px;display:inline;\">32 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t3c_186\" style=\"left:594px;bottom:857px;letter-spacing:-0.4px;display:inline;\">52 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t3d_186\" style=\"left:656px;bottom:857px;letter-spacing:-0.37px;display:inline;\">14 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t3e_186\" style=\"left:706px;bottom:857px;letter-spacing:-0.35px;display:inline;\">(40) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t3f_186\" style=\"left:776px;bottom:857px;letter-spacing:-0.2px;display:inline;\">16 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t3g_186\" style=\"left:828px;bottom:857px;letter-spacing:-0.07px;display:inline;\">48 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t3h_186\" style=\"left:65px;bottom:838px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Group income </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t3i_186\" style=\"left:65px;bottom:825px;letter-spacing:-0.22px;display:inline;\">statement </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3j_186\" style=\"left:229px;bottom:825px;letter-spacing:-0.04px;display:inline;\">22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3k_186\" style=\"left:298px;bottom:825px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3l_186\" style=\"left:353px;bottom:825px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3m_186\" style=\"left:412px;bottom:825px;letter-spacing:-0.39px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3n_186\" style=\"left:470px;bottom:825px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3o_186\" style=\"left:526px;bottom:825px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3p_186\" style=\"left:599px;bottom:825px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3q_186\" style=\"left:656px;bottom:825px;letter-spacing:-0.42px;display:inline;\">(3) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3r_186\" style=\"left:712px;bottom:825px;letter-spacing:-0.41px;display:inline;\">(9) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3s_186\" style=\"left:777px;bottom:825px;letter-spacing:-0.39px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3t_186\" style=\"left:830px;bottom:825px;letter-spacing:-0.26px;display:inline;\">13 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t3u_186\" style=\"left:65px;bottom:807px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Group statement </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t3v_186\" style=\"left:65px;bottom:794px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">of comprehensive </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t3w_186\" style=\"left:65px;bottom:781px;letter-spacing:-0.21px;display:inline;\">income </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3x_186\" style=\"left:236px;bottom:781px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3y_186\" style=\"left:297px;bottom:781px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3z_186\" style=\"left:353px;bottom:781px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t40_186\" style=\"left:414px;bottom:781px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t41_186\" style=\"left:465px;bottom:781px;letter-spacing:-0.4px;display:inline;\">(6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t42_186\" style=\"left:526px;bottom:781px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t43_186\" style=\"left:600px;bottom:781px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t44_186\" style=\"left:660px;bottom:781px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t45_186\" style=\"left:717px;bottom:781px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t46_186\" style=\"left:775px;bottom:781px;letter-spacing:-0.37px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t47_186\" style=\"left:829px;bottom:781px;letter-spacing:-0.36px;display:inline;\">(11) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t48_186\" style=\"left:65px;bottom:762px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Group statement </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t49_186\" style=\"left:65px;bottom:749px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">of changes in equity </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4a_186\" style=\"left:236px;bottom:749px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4b_186\" style=\"left:297px;bottom:749px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4c_186\" style=\"left:353px;bottom:749px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4d_186\" style=\"left:414px;bottom:749px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4e_186\" style=\"left:470px;bottom:749px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4f_186\" style=\"left:525px;bottom:749px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4g_186\" style=\"left:600px;bottom:749px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4h_186\" style=\"left:660px;bottom:749px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4i_186\" style=\"left:717px;bottom:749px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4j_186\" style=\"left:781px;bottom:749px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4k_186\" style=\"left:834px;bottom:749px;display:inline;\">6 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t4l_186\" style=\"left:65px;bottom:731px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Exchange and </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t4m_186\" style=\"left:65px;bottom:718px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4n_186\" style=\"left:237px;bottom:718px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4o_186\" style=\"left:297px;bottom:718px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4p_186\" style=\"left:353px;bottom:718px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4q_186\" style=\"left:414px;bottom:718px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4r_186\" style=\"left:469px;bottom:718px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4s_186\" style=\"left:527px;bottom:718px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4t_186\" style=\"left:600px;bottom:718px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4u_186\" style=\"left:660px;bottom:718px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4v_186\" style=\"left:716px;bottom:718px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4w_186\" style=\"left:780px;bottom:718px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4x_186\" style=\"left:829px;bottom:718px;letter-spacing:-0.23px;display:inline;\">10 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4y_186\" style=\"left:65px;bottom:699px;letter-spacing:-0.32px;word-spacing:-0.17px;display:inline;\">At 31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4z_186\" style=\"left:224px;bottom:699px;letter-spacing:-0.35px;display:inline;\">(30) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t50_186\" style=\"left:289px;bottom:699px;letter-spacing:-0.34px;display:inline;\">42 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t51_186\" style=\"left:342px;bottom:699px;letter-spacing:-0.34px;display:inline;\">(34) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t52_186\" style=\"left:401px;bottom:699px;letter-spacing:-0.34px;display:inline;\">(60) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t53_186\" style=\"left:463px;bottom:699px;letter-spacing:-0.48px;display:inline;\">76 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t54_186\" style=\"left:520px;bottom:699px;letter-spacing:-0.41px;display:inline;\">41 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t55_186\" style=\"left:592px;bottom:699px;letter-spacing:-0.14px;display:inline;\">54 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t56_186\" style=\"left:657px;bottom:699px;letter-spacing:-0.3px;display:inline;\">11 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t57_186\" style=\"left:705px;bottom:699px;letter-spacing:-0.37px;display:inline;\">(46) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t58_186\" style=\"left:776px;bottom:699px;letter-spacing:-0.25px;display:inline;\">12 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t59_186\" style=\"left:827px;bottom:699px;letter-spacing:-0.17px;display:inline;\">66 </div></td></tr></table>\n<div class=\"t s8_186\" id=\"t5a_186\" style=\"left:65px;bottom:676px;display:inline;\">a </div><div class=\"t s9_186\" id=\"t5b_186\" style=\"left:74px;bottom:672px;letter-spacing:0.03px;word-spacing:-0.14px;display:inline;\">Become due in 2025 unless prevailing law at that time allows further deferral. </div><div class=\"t s8_186\" id=\"t5c_186\" style=\"left:65px;bottom:658px;display:inline;\">b </div><div class=\"t s9_186\" id=\"t5d_186\" style=\"left:74px;bottom:654px;letter-spacing:0.05px;word-spacing:-0.15px;display:inline;\">Wholly in respect of revenue losses. </div><div class=\"t s8_186\" id=\"t5e_186\" style=\"left:65px;bottom:639px;display:inline;\">c </div><div class=\"t s9_186\" id=\"t5f_186\" style=\"left:74px;bottom:635px;letter-spacing:0.05px;word-spacing:-0.15px;display:inline;\">No balances exceeding $20m are contained within \u2018Other short-term temporary di\ufb00erences\u2019. </div><div class=\"t s8_186\" id=\"t5g_186\" style=\"left:65px;bottom:621px;display:inline;\">d </div><div class=\"t s9_186\" id=\"t5h_186\" style=\"left:74px;bottom:617px;letter-spacing:0.04px;word-spacing:-0.15px;display:inline;\">Primarily in respect of contract costs, right-of-use assets, lease liabilities and expenses for which tax relief has not yet been obtained. </div><div class=\"t sa_186\" id=\"t5i_186\" style=\"left:65px;bottom:585px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">The analysis of the deferred tax balance after considering the o\ufb00set of assets and liabilities within entities where there is a legal right to do </div><div class=\"t sa_186\" id=\"t5j_186\" style=\"left:65px;bottom:570px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">so and an analysis of the deferred tax balance showing all territories with balances greater than $10m in either the current or prior year are </div><div class=\"t sa_186\" id=\"t5k_186\" style=\"left:65px;bottom:554px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">as follows: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_186\" id=\"t5l_186\" style=\"left:752px;bottom:540px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_186\" id=\"t5n_186\" style=\"left:819px;bottom:540px;letter-spacing:0.17px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_186\" id=\"t5m_186\" style=\"left:761px;bottom:529px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_186\" id=\"t5o_186\" style=\"left:827px;bottom:529px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t5p_186\" style=\"left:65px;bottom:512px;letter-spacing:-0.2px;word-spacing:-0.15px;display:inline;\">Deferred tax assets </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t5q_186\" style=\"left:757px;bottom:512px;letter-spacing:-0.2px;display:inline;\">134 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t5r_186\" style=\"left:825px;bottom:512px;letter-spacing:-0.26px;display:inline;\">126 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t5s_186\" style=\"left:65px;bottom:493px;letter-spacing:-0.21px;word-spacing:-0.13px;display:inline;\">Deferred tax liabilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t5t_186\" style=\"left:758px;bottom:493px;letter-spacing:-0.32px;display:inline;\">(68) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t5u_186\" style=\"left:826px;bottom:493px;letter-spacing:-0.23px;display:inline;\">(78) </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t5v_186\" style=\"left:761px;bottom:473px;letter-spacing:-0.17px;display:inline;\">66 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t5w_186\" style=\"left:828px;bottom:473px;letter-spacing:-0.07px;display:inline;\">48 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t5x_186\" style=\"left:65px;bottom:436px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Analysed as: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t5y_186\" style=\"left:73px;bottom:418px;letter-spacing:-0.23px;word-spacing:-0.15px;display:inline;\">United Kingdom </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t5z_186\" style=\"left:759px;bottom:418px;letter-spacing:-0.28px;display:inline;\">113 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t60_186\" style=\"left:823px;bottom:418px;letter-spacing:-0.16px;display:inline;\">109 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t61_186\" style=\"left:73px;bottom:399px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">United States </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t62_186\" style=\"left:758px;bottom:399px;letter-spacing:-0.3px;display:inline;\">(53) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t63_186\" style=\"left:826px;bottom:399px;letter-spacing:-0.22px;display:inline;\">(73) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t64_186\" style=\"left:73px;bottom:381px;letter-spacing:-0.19px;display:inline;\">Other </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t65_186\" style=\"left:768px;bottom:381px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t66_186\" style=\"left:831px;bottom:381px;letter-spacing:-0.26px;display:inline;\">12 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t67_186\" style=\"left:761px;bottom:361px;letter-spacing:-0.17px;display:inline;\">66 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t68_186\" style=\"left:828px;bottom:361px;letter-spacing:-0.07px;display:inline;\">48 </div></td></tr></table>\n<div class=\"t sa_186\" id=\"t69_186\" style=\"left:65px;bottom:328px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">A deferred tax asset of $nil (2022: $107m) has been recognised in legal entities which have made a loss in the current or the previous year. </div><div class=\"t sc_186\" id=\"t6a_186\" style=\"left:65px;bottom:305px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Recoverability of UK deferred tax assets </div><div class=\"t sa_186\" id=\"t6b_186\" style=\"left:65px;bottom:289px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">The Group has recognised UK deferred tax assets of $113m (2022: $109m), including revenue losses of $73m (2022: $73m). The deferred </div><div class=\"t sa_186\" id=\"t6c_186\" style=\"left:65px;bottom:274px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">tax assets have been recognised following the consideration of both positive and negative evidence in respect of the probability of future </div><div class=\"t sd_186\" id=\"t6d_186\" style=\"left:65px;bottom:259px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">taxable profits against which the assets could be recovered. The losses have arisen by identifiable non-recurring events, </div><div class=\"t sa_186\" id=\"t6e_186\" style=\"left:735px;bottom:259px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">for example special </div><div class=\"t sa_186\" id=\"t6f_186\" style=\"left:65px;bottom:244px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">contributions into a former Group pension scheme and the impact of Covid-19, absent which, the UK tax group would have been pro</div><div class=\"t sd_186\" id=\"t6g_186\" style=\"left:801px;bottom:244px;letter-spacing:-0.02px;display:inline;\">fitable. </div><div class=\"t sa_186\" id=\"t6h_186\" style=\"left:65px;bottom:228px;letter-spacing:-0.06px;word-spacing:-0.1px;display:inline;\">The losses do not expire, although they can only be o\ufb00set against 50% of annual UK taxable pro</div><div class=\"t sd_186\" id=\"t6i_186\" style=\"left:594px;bottom:228px;letter-spacing:-0.03px;word-spacing:-0.14px;display:inline;\">fits. The UK de</div><div class=\"t sa_186\" id=\"t6j_186\" style=\"left:674px;bottom:228px;letter-spacing:-0.06px;word-spacing:-0.11px;display:inline;\">ferred tax asset should reverse </div><div class=\"t sa_186\" id=\"t6k_186\" style=\"left:65px;bottom:213px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">over a seven- to ten-year period (2022: seven- to ten-year period), with the lower end of this range based on the Group\u2019s Base Case forecast </div><div class=\"t sa_186\" id=\"t6l_186\" style=\"left:65px;bottom:198px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">(see page 161 within \u2018Going concern\u2019) and the upper end of the range based on the Group\u2019s Severe Downside Case forecast. </div><div class=\"t s2_186\" id=\"t6m_186\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t sc_186\" id=\"t6n_186\" style=\"left:65px;bottom:31px;letter-spacing:0.07px;display:inline;\"></div><div></div><div class=\"t s2_187\" id=\"t3_187\" style=\"left:65px;bottom:1100px;letter-spacing:-0.12px;word-spacing:-0.08px;display:inline;\">The Group\u2019s TCFD disclosures describe how physical and transitional climate risks present both risks and opportunities for IHG. The potential </div><div class=\"t s2_187\" id=\"t4_187\" style=\"left:65px;bottom:1084px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">downside risk has been considered in the context of the UK deferred tax asset recoverability, without taking account of opportunities or </div><div class=\"t s2_187\" id=\"t5_187\" style=\"left:65px;bottom:1069px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">mitigating actions, and could be absorbed within the sensitivities disclosed above. </div><div class=\"t s3_187\" id=\"t6_187\" style=\"left:65px;bottom:1046px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">Unrecognised deferred tax assets </div><div class=\"t s2_187\" id=\"t7_187\" style=\"left:65px;bottom:1031px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">The Group does not recognise deferred tax assets if it cannot anticipate being able to o\ufb00set them against existing deferred tax liabilities </div><div class=\"t s2_187\" id=\"t8_187\" style=\"left:65px;bottom:1016px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">or against future pro</div><div class=\"t s4_187\" id=\"t9_187\" style=\"left:179px;bottom:1016px;letter-spacing:-0.04px;word-spacing:-0.12px;display:inline;\">fits or gains. </div><div class=\"t s2_187\" id=\"ta_187\" style=\"left:65px;bottom:993px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The total unrecognised deferred tax position is as follows: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_187\" id=\"tb_187\" style=\"left:683px;bottom:970px;letter-spacing:0.15px;display:inline;\">Gross </div></td><td colspan=\"2\" rowspan=\"1\" style=\"text-align: center;\"><div class=\"t s5_187\" id=\"tc_187\" style=\"left:726px;bottom:970px;letter-spacing:-0.05px;word-spacing:-0.18px;display:inline;\">Unrecognised deferred tax </div> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_187\" id=\"td_187\" style=\"left:620px;bottom:953px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_187\" id=\"tf_187\" style=\"left:687px;bottom:953px;letter-spacing:0.17px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_187\" id=\"th_187\" style=\"left:752px;bottom:953px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_187\" id=\"tj_187\" style=\"left:819px;bottom:953px;letter-spacing:0.17px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_187\" id=\"te_187\" style=\"left:629px;bottom:943px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_187\" id=\"tg_187\" style=\"left:695px;bottom:943px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_187\" id=\"ti_187\" style=\"left:761px;bottom:943px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_187\" id=\"tk_187\" style=\"left:827px;bottom:943px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"tl_187\" style=\"left:65px;bottom:925px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Revenue losses </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"tm_187\" style=\"left:622px;bottom:925px;letter-spacing:-0.18px;display:inline;\">450 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"tn_187\" style=\"left:689px;bottom:925px;letter-spacing:-0.08px;display:inline;\">430 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"to_187\" style=\"left:762px;bottom:925px;letter-spacing:-0.32px;display:inline;\">79 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"tp_187\" style=\"left:829px;bottom:925px;letter-spacing:-0.33px;display:inline;\">78 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"tq_187\" style=\"left:65px;bottom:906px;letter-spacing:-0.17px;word-spacing:-0.18px;display:inline;\">Capital losses </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"tr_187\" style=\"left:622px;bottom:906px;letter-spacing:-0.22px;display:inline;\">580 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"ts_187\" style=\"left:689px;bottom:906px;letter-spacing:-0.1px;display:inline;\">549 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"tt_187\" style=\"left:756px;bottom:906px;letter-spacing:-0.26px;display:inline;\">146 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"tu_187\" style=\"left:824px;bottom:906px;letter-spacing:-0.17px;display:inline;\">138 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"tv_187\" style=\"left:613px;bottom:888px;letter-spacing:-0.28px;display:inline;\">1,030 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"tw_187\" style=\"left:691px;bottom:888px;letter-spacing:-0.29px;display:inline;\">979 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"tx_187\" style=\"left:755px;bottom:888px;letter-spacing:-0.09px;display:inline;\">225 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"ty_187\" style=\"left:824px;bottom:888px;letter-spacing:-0.12px;display:inline;\">216 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"tz_187\" style=\"left:65px;bottom:869px;letter-spacing:-0.29px;word-spacing:-0.06px;display:inline;\">Tax credits </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t10_187\" style=\"left:630px;bottom:869px;letter-spacing:-0.27px;display:inline;\">32 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t11_187\" style=\"left:697px;bottom:869px;letter-spacing:-0.21px;display:inline;\">25 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t12_187\" style=\"left:762px;bottom:869px;letter-spacing:-0.27px;display:inline;\">32 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t13_187\" style=\"left:829px;bottom:869px;letter-spacing:-0.21px;display:inline;\">25 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s8_187\" id=\"t14_187\" style=\"left:65px;bottom:851px;letter-spacing:-0.19px;display:inline;\">Other </div><div class=\"t sa_187\" id=\"t15_187\" style=\"vertical-align: super;left:93px;bottom:857px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t16_187\" style=\"left:631px;bottom:851px;letter-spacing:-0.22px;display:inline;\">16 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t17_187\" style=\"left:698px;bottom:851px;letter-spacing:-0.16px;display:inline;\">31 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t18_187\" style=\"left:768px;bottom:851px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t19_187\" style=\"left:835px;bottom:851px;display:inline;\">8 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t1a_187\" style=\"left:615px;bottom:832px;letter-spacing:-0.35px;display:inline;\">1,078 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t1b_187\" style=\"left:682px;bottom:832px;letter-spacing:-0.22px;display:inline;\">1,035 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t1c_187\" style=\"left:755px;bottom:832px;letter-spacing:-0.21px;display:inline;\">262 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t1d_187\" style=\"left:822px;bottom:832px;letter-spacing:-0.23px;display:inline;\">249 </div></td></tr></table>\n<div class=\"t sb_187\" id=\"t1e_187\" style=\"left:65px;bottom:809px;display:inline;\">a </div><div class=\"t s7_187\" id=\"t1f_187\" style=\"left:74px;bottom:805px;letter-spacing:0.03px;word-spacing:-0.14px;display:inline;\">Primarily relates to costs incurred for which tax relief has not been obtained. </div><div class=\"t s2_187\" id=\"t1g_187\" style=\"left:65px;bottom:773px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">There is no expiry date to any of the above unrecognised assets other than for the losses and tax credits as shown in the table below: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_187\" id=\"t1h_187\" style=\"left:683px;bottom:750px;letter-spacing:0.15px;display:inline;\">Gross </div></td><td colspan=\"2\" rowspan=\"1\" style=\"text-align: center;\"><div class=\"t s5_187\" id=\"t1i_187\" style=\"left:726px;bottom:750px;letter-spacing:-0.05px;word-spacing:-0.18px;display:inline;\">Unrecognised deferred tax </div> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_187\" id=\"t1k_187\" style=\"left:619px;bottom:734px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_187\" id=\"t1m_187\" style=\"left:687px;bottom:734px;letter-spacing:0.17px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_187\" id=\"t1o_187\" style=\"left:752px;bottom:734px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_187\" id=\"t1q_187\" style=\"left:819px;bottom:734px;letter-spacing:0.17px;display:inline;\">2022 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_187\" id=\"t1j_187\" style=\"left:65px;bottom:723px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\">Expiry date </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_187\" id=\"t1l_187\" style=\"left:628px;bottom:723px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_187\" id=\"t1n_187\" style=\"left:695px;bottom:723px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_187\" id=\"t1p_187\" style=\"left:761px;bottom:723px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_187\" id=\"t1r_187\" style=\"left:827px;bottom:723px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t1s_187\" style=\"left:65px;bottom:705px;letter-spacing:-0.22px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t1t_187\" style=\"left:637px;bottom:705px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t1u_187\" style=\"left:705px;bottom:705px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t1v_187\" style=\"left:769px;bottom:705px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t1w_187\" style=\"left:835px;bottom:705px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t1x_187\" style=\"left:65px;bottom:687px;letter-spacing:-0.27px;display:inline;\">2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t1y_187\" style=\"left:636px;bottom:687px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t1z_187\" style=\"left:702px;bottom:687px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t20_187\" style=\"left:770px;bottom:687px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t21_187\" style=\"left:837px;bottom:687px;display:inline;\">1 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t22_187\" style=\"left:65px;bottom:668px;letter-spacing:-0.21px;display:inline;\">2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t23_187\" style=\"left:634px;bottom:668px;letter-spacing:-0.3px;display:inline;\">11 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t24_187\" style=\"left:702px;bottom:668px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t25_187\" style=\"left:768px;bottom:668px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t26_187\" style=\"left:837px;bottom:668px;display:inline;\">1 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t27_187\" style=\"left:65px;bottom:649px;letter-spacing:-0.23px;display:inline;\">2026 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t28_187\" style=\"left:637px;bottom:649px;display:inline;\">7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t29_187\" style=\"left:698px;bottom:649px;letter-spacing:-0.23px;display:inline;\">18 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t2a_187\" style=\"left:770px;bottom:649px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t2b_187\" style=\"left:835px;bottom:649px;display:inline;\">4 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t2c_187\" style=\"left:65px;bottom:631px;letter-spacing:-0.19px;display:inline;\">2027 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t2d_187\" style=\"left:637px;bottom:631px;display:inline;\">7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t2e_187\" style=\"left:703px;bottom:631px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t2f_187\" style=\"left:770px;bottom:631px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t2g_187\" style=\"left:835px;bottom:631px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t2h_187\" style=\"left:65px;bottom:612px;letter-spacing:-0.23px;display:inline;\">2028 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t2i_187\" style=\"left:636px;bottom:612px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t2j_187\" style=\"left:703px;bottom:612px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t2k_187\" style=\"left:770px;bottom:612px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t2l_187\" style=\"left:835px;bottom:612px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t2m_187\" style=\"left:65px;bottom:594px;letter-spacing:-0.2px;display:inline;\">2029 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t2n_187\" style=\"left:631px;bottom:594px;letter-spacing:-0.23px;display:inline;\">10 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t2o_187\" style=\"left:698px;bottom:594px;letter-spacing:-0.22px;display:inline;\">10 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t2p_187\" style=\"left:763px;bottom:594px;letter-spacing:-0.23px;display:inline;\">10 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t2q_187\" style=\"left:830px;bottom:594px;letter-spacing:-0.22px;display:inline;\">10 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t2r_187\" style=\"left:65px;bottom:575px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">After 2030 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t2s_187\" style=\"left:630px;bottom:575px;letter-spacing:-0.04px;display:inline;\">22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t2t_187\" style=\"left:698px;bottom:575px;letter-spacing:-0.23px;display:inline;\">18 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t2u_187\" style=\"left:762px;bottom:575px;letter-spacing:-0.04px;display:inline;\">22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t2v_187\" style=\"left:830px;bottom:575px;letter-spacing:-0.2px;display:inline;\">16 </div></td></tr></table>\n<div class=\"t s3_187\" id=\"t2w_187\" style=\"left:65px;bottom:542px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Unprovided deferred tax liabilities </div><div class=\"t s2_187\" id=\"t2x_187\" style=\"left:65px;bottom:527px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">No deferred tax liability has been provided in respect of $0.5bn (2022: $0.5bn) of taxable temporary di\ufb00erences relating to subsidiaries </div><div class=\"t s2_187\" id=\"t2y_187\" style=\"left:65px;bottom:511px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">(comprising undistributed earnings and net inherent gains). </div><div class=\"t sc_187\" id=\"t2z_187\" style=\"left:65px;bottom:488px;letter-spacing:0.02px;word-spacing:-0.16px;display:inline;\">Uncertain tax positions </div><div class=\"t s2_187\" id=\"t30_187\" style=\"left:65px;bottom:473px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Current tax payable includes $14m (2022: $9m) in respect of uncertain tax positions, with the largest single item not exceeding $3m </div><div class=\"t s2_187\" id=\"t31_187\" style=\"left:65px;bottom:458px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">(2022: $3m). There are no amounts recognised in relation to uncertain tax positions within deferred tax in either the current or prior year. </div><div class=\"t s2_187\" id=\"t32_187\" style=\"left:65px;bottom:435px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The Group\u2019s most material territories for tax are the US and the UK and the Group carries provisions of $6m (2022: $3m) in respect </div><div class=\"t s2_187\" id=\"t33_187\" style=\"left:65px;bottom:420px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">of US federal and state tax uncertainties and $nil (2022: $nil) in respect of UK Corporation Tax uncertainties. </div><div class=\"t s2_187\" id=\"t34_187\" style=\"left:65px;bottom:397px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">In the US, the Internal Revenue Service has the right to commence a routine audit of a federal income tax return for up to three years </div><div class=\"t s2_187\" id=\"t35_187\" style=\"left:65px;bottom:381px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">following the </div><div class=\"t s4_187\" id=\"t36_187\" style=\"left:140px;bottom:381px;letter-spacing:-0.07px;word-spacing:-0.09px;display:inline;\">filing o</div><div class=\"t s2_187\" id=\"t37_187\" style=\"left:178px;bottom:381px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">f the return. The Group has now agreed all federal tax returns up to and including 2019 and there are no ongoing audits. </div><div class=\"t s2_187\" id=\"t38_187\" style=\"left:65px;bottom:359px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">In the UK, HM Revenue and Customs (\u2018HMRC\u2019) has the right to commence a routine audit of a UK Corporation Tax return for up to 12 months </div><div class=\"t s2_187\" id=\"t39_187\" style=\"left:65px;bottom:343px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">following the </div><div class=\"t s4_187\" id=\"t3a_187\" style=\"left:140px;bottom:343px;letter-spacing:-0.07px;word-spacing:-0.09px;display:inline;\">filing o</div><div class=\"t s2_187\" id=\"t3b_187\" style=\"left:178px;bottom:343px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">f the return. The Group has agreed all UK tax returns for periods up to 2021 other than 2016. The Group received a </div><div class=\"t s2_187\" id=\"t3c_187\" style=\"left:65px;bottom:328px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">single question from HMRC in respect of the 2016 period in 2019, to which a response was provided also in 2019. The Group has received </div><div class=\"t s2_187\" id=\"t3d_187\" style=\"left:65px;bottom:313px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">no meaningful update since and still considers the risk of material adjustment to be low. </div><div class=\"t s3_187\" id=\"t3e_187\" style=\"left:65px;bottom:31px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\"> </div><div class=\"t m0_187 sd_187\" id=\"t3f_187\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t s3_187\" id=\"t3g_187\" style=\"left:825px;bottom:31px;letter-spacing:0.08px;display:inline;\"></div><div></div><div class=\"t s0_188\" id=\"t1_188\" style=\"left:65px;bottom:1115px;word-spacing:-0.14px;display:inline;\">9. Dividends </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_188\" id=\"t2_188\" style=\"left:554px;bottom:1101px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_188\" id=\"t3_188\" style=\"left:687px;bottom:1101px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_188\" id=\"t4_188\" style=\"left:821px;bottom:1101px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_188\" id=\"t6_188\" style=\"left:486px;bottom:1084px;letter-spacing:0.1px;display:inline;\">cents </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_188\" id=\"t9_188\" style=\"left:619px;bottom:1084px;letter-spacing:0.08px;display:inline;\">cents </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_188\" id=\"tc_188\" style=\"left:751px;bottom:1084px;letter-spacing:0.08px;display:inline;\">cents </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_188\" id=\"t5_188\" style=\"left:65px;bottom:1074px;letter-spacing:0.04px;word-spacing:-0.14px;display:inline;\">Paid during the year </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_188\" id=\"t7_188\" style=\"left:469px;bottom:1074px;letter-spacing:0.09px;word-spacing:-0.19px;display:inline;\">per share </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_188\" id=\"t8_188\" style=\"left:563px;bottom:1074px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_188\" id=\"ta_188\" style=\"left:603px;bottom:1074px;letter-spacing:0.06px;word-spacing:-0.16px;display:inline;\">per share </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_188\" id=\"tb_188\" style=\"left:695px;bottom:1074px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_188\" id=\"td_188\" style=\"left:735px;bottom:1074px;letter-spacing:0.06px;word-spacing:-0.16px;display:inline;\">per share </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_188\" id=\"te_188\" style=\"left:827px;bottom:1074px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"tf_188\" style=\"left:65px;bottom:1056px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Final (declared for previous year) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"tg_188\" style=\"left:487px;bottom:1056px;letter-spacing:-0.16px;display:inline;\">94.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"th_188\" style=\"left:558px;bottom:1056px;letter-spacing:-0.19px;display:inline;\">166 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"ti_188\" style=\"left:621px;bottom:1056px;letter-spacing:-0.15px;display:inline;\">85.9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"tj_188\" style=\"left:692px;bottom:1056px;letter-spacing:-0.14px;display:inline;\">154 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"tk_188\" style=\"left:770px;bottom:1056px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"tl_188\" style=\"left:836px;bottom:1056px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"tm_188\" style=\"left:65px;bottom:1037px;letter-spacing:-0.23px;display:inline;\">Interim </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"tn_188\" style=\"left:487px;bottom:1037px;letter-spacing:-0.15px;display:inline;\">48.3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"to_188\" style=\"left:564px;bottom:1037px;letter-spacing:-0.32px;display:inline;\">79 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"tp_188\" style=\"left:620px;bottom:1037px;letter-spacing:-0.1px;display:inline;\">43.9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"tq_188\" style=\"left:697px;bottom:1037px;letter-spacing:-0.25px;display:inline;\">79 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"tr_188\" style=\"left:770px;bottom:1037px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"ts_188\" style=\"left:836px;bottom:1037px;display:inline;\">\u2013 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"tt_188\" style=\"left:483px;bottom:1019px;letter-spacing:-0.19px;display:inline;\">142.8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"tu_188\" style=\"left:557px;bottom:1019px;letter-spacing:-0.13px;display:inline;\">245 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"tv_188\" style=\"left:617px;bottom:1019px;letter-spacing:-0.23px;display:inline;\">129.8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"tw_188\" style=\"left:690px;bottom:1019px;letter-spacing:-0.17px;display:inline;\">233 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"tx_188\" style=\"left:770px;bottom:1019px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"ty_188\" style=\"left:836px;bottom:1019px;display:inline;\">\u2013 </div></td></tr></table>\n<div class=\"t s6_188\" id=\"tz_188\" style=\"left:65px;bottom:986px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">The final dividend in respect o</div><div class=\"t s7_188\" id=\"t10_188\" style=\"left:233px;bottom:986px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">f 2023 of 104.0\u00a2 per ordinary share (amounting to $171m) is proposed for approval at the AGM on 3 May 2024. </div><div class=\"t s0_188\" id=\"t11_188\" style=\"left:65px;bottom:955px;letter-spacing:-0.01px;word-spacing:-0.14px;display:inline;\">10. Earnings per ordinary share </div><table><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_188\" id=\"t12_188\" style=\"left:65px;bottom:925px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\">Basic earnings per ordinary share </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_188\" id=\"t13_188\" style=\"left:686px;bottom:925px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_188\" id=\"t14_188\" style=\"left:753px;bottom:925px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_188\" id=\"t15_188\" style=\"left:821px;bottom:925px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s8_188\" id=\"t16_188\" style=\"left:65px;bottom:908px;letter-spacing:-0.22px;word-spacing:-0.11px;display:inline;\">Profit available </div> <div class=\"t s4_188\" id=\"t17_188\" style=\"left:139px;bottom:908px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">for equity holders ($m) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"t18_188\" style=\"left:689px;bottom:908px;letter-spacing:-0.23px;display:inline;\">750 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t19_188\" style=\"left:757px;bottom:908px;letter-spacing:-0.21px;display:inline;\">375 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t1a_188\" style=\"left:822px;bottom:908px;letter-spacing:-0.18px;display:inline;\">266 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t1b_188\" style=\"left:65px;bottom:889px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Basic weighted average number of ordinary shares (millions) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"t1c_188\" style=\"left:690px;bottom:889px;letter-spacing:-0.19px;display:inline;\">169 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t1d_188\" style=\"left:760px;bottom:889px;letter-spacing:-0.18px;display:inline;\">181 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t1e_188\" style=\"left:824px;bottom:889px;letter-spacing:-0.15px;display:inline;\">183 </div></td></tr><tr><td class=\"tcs-selection-enabled tcs-selected\" colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"t1f_188\" style=\"left:65px;bottom:871px;letter-spacing:-0.2px;word-spacing:-0.15px;display:inline;\">Basic earnings per ordinary share (cents) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"t1g_188\" style=\"left:678px;bottom:871px;letter-spacing:-0.12px;display:inline;\">443.8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t1h_188\" style=\"left:748px;bottom:871px;letter-spacing:-0.38px;display:inline;\">207.2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t1i_188\" style=\"left:815px;bottom:871px;letter-spacing:-0.18px;display:inline;\">145.4 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_188\" id=\"t1j_188\" style=\"left:65px;bottom:835px;letter-spacing:0.07px;word-spacing:-0.18px;display:inline;\">Diluted earnings per ordinary share </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_188\" id=\"t1k_188\" style=\"left:65px;bottom:817px;letter-spacing:-0.22px;word-spacing:-0.11px;display:inline;\">Profit available </div> <div class=\"t s4_188\" id=\"t1l_188\" style=\"left:139px;bottom:817px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">for equity holders ($m) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"t1m_188\" style=\"left:689px;bottom:817px;letter-spacing:-0.23px;display:inline;\">750 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t1n_188\" style=\"left:757px;bottom:817px;letter-spacing:-0.21px;display:inline;\">375 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t1o_188\" style=\"left:822px;bottom:817px;letter-spacing:-0.18px;display:inline;\">266 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t1p_188\" style=\"left:65px;bottom:799px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Diluted weighted average number of ordinary shares (millions) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"t1q_188\" style=\"left:691px;bottom:799px;letter-spacing:-0.4px;display:inline;\">170 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t1r_188\" style=\"left:759px;bottom:799px;letter-spacing:-0.22px;display:inline;\">182 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t1s_188\" style=\"left:824px;bottom:799px;letter-spacing:-0.15px;display:inline;\">184 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"t1t_188\" style=\"left:65px;bottom:780px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Diluted earnings per ordinary share (cents) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"t1u_188\" style=\"left:681px;bottom:780px;letter-spacing:-0.16px;display:inline;\">441.2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t1v_188\" style=\"left:745px;bottom:780px;letter-spacing:-0.22px;display:inline;\">206.0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t1w_188\" style=\"left:814px;bottom:780px;letter-spacing:-0.18px;display:inline;\">144.6 </div></td></tr></table>\n<div class=\"t s7_188\" id=\"t1x_188\" style=\"left:65px;bottom:746px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Basic and diluted share denominators are calculated as follows: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_188\" id=\"t1y_188\" style=\"left:686px;bottom:730px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_188\" id=\"t20_188\" style=\"left:753px;bottom:730px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_188\" id=\"t22_188\" style=\"left:821px;bottom:730px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_188\" id=\"t1z_188\" style=\"left:674px;bottom:719px;letter-spacing:0.08px;display:inline;\">millions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_188\" id=\"t21_188\" style=\"left:742px;bottom:719px;letter-spacing:0.05px;display:inline;\">millions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_188\" id=\"t23_188\" style=\"left:808px;bottom:719px;letter-spacing:0.05px;display:inline;\">millions </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t24_188\" style=\"left:65px;bottom:701px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Weighted average number of ordinary shares in issue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"t25_188\" style=\"left:692px;bottom:701px;letter-spacing:-0.15px;display:inline;\">177 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t26_188\" style=\"left:759px;bottom:701px;letter-spacing:-0.25px;display:inline;\">187 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t27_188\" style=\"left:825px;bottom:701px;letter-spacing:-0.21px;display:inline;\">187 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t28_188\" style=\"left:65px;bottom:682px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">Weighted average number of treasury shares </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"t29_188\" style=\"left:699px;bottom:682px;letter-spacing:-0.41px;display:inline;\">(8) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t2a_188\" style=\"left:765px;bottom:682px;letter-spacing:-0.38px;display:inline;\">(6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t2b_188\" style=\"left:832px;bottom:682px;letter-spacing:-0.49px;display:inline;\">(4) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"t2c_188\" style=\"left:65px;bottom:664px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Basic weighted average number of ordinary shares </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"t2d_188\" style=\"left:690px;bottom:664px;letter-spacing:-0.19px;display:inline;\">169 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t2e_188\" style=\"left:760px;bottom:664px;letter-spacing:-0.18px;display:inline;\">181 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t2f_188\" style=\"left:824px;bottom:664px;letter-spacing:-0.11px;display:inline;\">183 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t2g_188\" style=\"left:65px;bottom:645px;letter-spacing:-0.22px;word-spacing:-0.12px;display:inline;\">Dilutive potential ordinary shares </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"t2h_188\" style=\"left:704px;bottom:645px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t2i_188\" style=\"left:771px;bottom:645px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t2j_188\" style=\"left:837px;bottom:645px;display:inline;\">1 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"t2k_188\" style=\"left:65px;bottom:627px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Diluted weighted average number of ordinary shares </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"t2l_188\" style=\"left:691px;bottom:627px;letter-spacing:-0.4px;display:inline;\">170 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t2m_188\" style=\"left:759px;bottom:627px;letter-spacing:-0.22px;display:inline;\">182 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t2n_188\" style=\"left:824px;bottom:627px;letter-spacing:-0.15px;display:inline;\">184 </div></td></tr></table>\n<div class=\"t s0_188\" id=\"t2o_188\" style=\"left:65px;bottom:586px;letter-spacing:-0.02px;word-spacing:-0.13px;display:inline;\">11. Assets and liabilities sold </div><div class=\"t s7_188\" id=\"t2p_188\" style=\"left:65px;bottom:570px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">In 2021, three hotels in the Americas region were sold. Total cash consideration of $46m was received with no gain or loss arising after </div><div class=\"t s7_188\" id=\"t2q_188\" style=\"left:65px;bottom:555px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">charging disposal costs. Net assets of $44m disposed comprised $45m property, plant and equipment and $2m right-of-use assets, </div><div class=\"t s6_188\" id=\"t2r_188\" style=\"left:65px;bottom:540px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">less $3m lease liabilities. The net cash inflow arising was $44m. </div><div class=\"t s9_188\" id=\"t2s_188\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t sa_188\" id=\"t2t_188\" style=\"left:65px;bottom:31px;letter-spacing:0.04px;display:inline;\"></div><div></div><div class=\"t s0_189\" id=\"t1_189\" style=\"left:65px;bottom:1115px;letter-spacing:0.01px;word-spacing:-0.15px;display:inline;\">12. Goodwill and other intangible assets </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_189\" id=\"t8_189\" style=\"left:650px;bottom:1101px;letter-spacing:0.15px;display:inline;\">Management </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_189\" id=\"tb_189\" style=\"left:749px;bottom:1101px;letter-spacing:0.15px;display:inline;\">Other </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_189\" id=\"t2_189\" style=\"left:471px;bottom:1090px;letter-spacing:0.09px;display:inline;\">Goodwill </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_189\" id=\"t4_189\" style=\"left:546px;bottom:1090px;letter-spacing:0.12px;display:inline;\">Brands </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s1_189\" id=\"t6_189\" style=\"left:603px;bottom:1090px;letter-spacing:0.11px;display:inline;\">Software </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_189\" id=\"t9_189\" style=\"left:656px;bottom:1090px;letter-spacing:0.13px;display:inline;\">agreements </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_189\" id=\"tc_189\" style=\"left:726px;bottom:1090px;letter-spacing:0.1px;display:inline;\">intangibles </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_189\" id=\"te_189\" style=\"left:819px;bottom:1090px;letter-spacing:-0.07px;display:inline;\">Total </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_189\" id=\"t3_189\" style=\"left:496px;bottom:1079px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_189\" id=\"t5_189\" style=\"left:562px;bottom:1079px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_189\" id=\"t7_189\" style=\"left:629px;bottom:1079px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_189\" id=\"ta_189\" style=\"left:695px;bottom:1079px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_189\" id=\"td_189\" style=\"left:761px;bottom:1079px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_189\" id=\"tf_189\" style=\"left:827px;bottom:1079px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"tg_189\" style=\"left:65px;bottom:1062px;letter-spacing:-0.15px;display:inline;\">Cost </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"th_189\" style=\"left:65px;bottom:1043px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">At 1 January 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"ti_189\" style=\"left:492px;bottom:1043px;letter-spacing:-0.17px;display:inline;\">532 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"tj_189\" style=\"left:557px;bottom:1043px;letter-spacing:-0.06px;display:inline;\">439 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"tk_189\" style=\"left:625px;bottom:1043px;letter-spacing:-0.31px;display:inline;\">878 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"tl_189\" style=\"left:693px;bottom:1043px;letter-spacing:-0.11px;display:inline;\">122 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"tm_189\" style=\"left:763px;bottom:1043px;letter-spacing:-0.26px;display:inline;\">26 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"tn_189\" style=\"left:815px;bottom:1043px;letter-spacing:-0.21px;display:inline;\">1,997 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"to_189\" style=\"left:65px;bottom:1025px;letter-spacing:-0.23px;display:inline;\">Additions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"tp_189\" style=\"left:505px;bottom:1025px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"tq_189\" style=\"left:571px;bottom:1025px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"tr_189\" style=\"left:630px;bottom:1025px;letter-spacing:-0.1px;display:inline;\">46 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"ts_189\" style=\"left:704px;bottom:1025px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"tt_189\" style=\"left:770px;bottom:1025px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"tu_189\" style=\"left:828px;bottom:1025px;letter-spacing:-0.1px;display:inline;\">46 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"tv_189\" style=\"left:65px;bottom:1006px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Fully amortised assets written o\ufb00 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"tw_189\" style=\"left:505px;bottom:1006px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"tx_189\" style=\"left:571px;bottom:1006px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"ty_189\" style=\"left:627px;bottom:1006px;letter-spacing:-0.33px;display:inline;\">(94) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"tz_189\" style=\"left:703px;bottom:1006px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t10_189\" style=\"left:770px;bottom:1006px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t11_189\" style=\"left:825px;bottom:1006px;letter-spacing:-0.33px;display:inline;\">(94) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t12_189\" style=\"left:65px;bottom:988px;letter-spacing:-0.16px;display:inline;\">Disposals </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t13_189\" style=\"left:501px;bottom:988px;letter-spacing:-0.37px;display:inline;\">(8) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t14_189\" style=\"left:571px;bottom:988px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t15_189\" style=\"left:637px;bottom:988px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t16_189\" style=\"left:703px;bottom:988px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t17_189\" style=\"left:770px;bottom:988px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t18_189\" style=\"left:832px;bottom:988px;letter-spacing:-0.37px;display:inline;\">(8) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t19_189\" style=\"left:65px;bottom:969px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t1a_189\" style=\"left:499px;bottom:969px;letter-spacing:-0.33px;display:inline;\">(11) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t1b_189\" style=\"left:571px;bottom:969px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t1c_189\" style=\"left:633px;bottom:969px;letter-spacing:-0.29px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t1d_189\" style=\"left:703px;bottom:969px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t1e_189\" style=\"left:769px;bottom:969px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t1f_189\" style=\"left:827px;bottom:969px;letter-spacing:-0.28px;display:inline;\">(16) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t1g_189\" style=\"left:65px;bottom:951px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t1h_189\" style=\"left:494px;bottom:951px;letter-spacing:-0.31px;display:inline;\">513 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t1i_189\" style=\"left:557px;bottom:951px;letter-spacing:-0.06px;display:inline;\">439 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t1j_189\" style=\"left:624px;bottom:951px;letter-spacing:-0.22px;display:inline;\">825 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t1k_189\" style=\"left:693px;bottom:951px;letter-spacing:-0.11px;display:inline;\">122 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t1l_189\" style=\"left:763px;bottom:951px;letter-spacing:-0.26px;display:inline;\">26 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t1m_189\" style=\"left:815px;bottom:951px;letter-spacing:-0.2px;display:inline;\">1,925 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t1n_189\" style=\"left:65px;bottom:932px;letter-spacing:-0.23px;display:inline;\">Additions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t1o_189\" style=\"left:505px;bottom:932px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t1p_189\" style=\"left:571px;bottom:932px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t1q_189\" style=\"left:630px;bottom:932px;letter-spacing:-0.37px;display:inline;\">52 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t1r_189\" style=\"left:703px;bottom:932px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t1s_189\" style=\"left:770px;bottom:932px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t1t_189\" style=\"left:827px;bottom:932px;letter-spacing:-0.16px;display:inline;\">53 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t1u_189\" style=\"left:65px;bottom:914px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Fully amortised assets written o\ufb00 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t1v_189\" style=\"left:505px;bottom:914px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t1w_189\" style=\"left:571px;bottom:914px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t1x_189\" style=\"left:627px;bottom:914px;letter-spacing:-0.35px;display:inline;\">(52) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t1y_189\" style=\"left:703px;bottom:914px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t1z_189\" style=\"left:765px;bottom:914px;letter-spacing:-0.42px;display:inline;\">(3) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t20_189\" style=\"left:824px;bottom:914px;letter-spacing:-0.29px;display:inline;\">(55) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t21_189\" style=\"left:65px;bottom:895px;letter-spacing:-0.16px;display:inline;\">Disposals </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t22_189\" style=\"left:505px;bottom:895px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t23_189\" style=\"left:571px;bottom:895px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t24_189\" style=\"left:635px;bottom:895px;letter-spacing:-0.39px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t25_189\" style=\"left:703px;bottom:895px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t26_189\" style=\"left:769px;bottom:895px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t27_189\" style=\"left:833px;bottom:895px;letter-spacing:-0.39px;display:inline;\">(1) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t28_189\" style=\"left:65px;bottom:876px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t29_189\" style=\"left:504px;bottom:876px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t2a_189\" style=\"left:571px;bottom:876px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t2b_189\" style=\"left:638px;bottom:876px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t2c_189\" style=\"left:703px;bottom:876px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t2d_189\" style=\"left:769px;bottom:876px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t2e_189\" style=\"left:834px;bottom:876px;display:inline;\">4 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t2f_189\" style=\"left:65px;bottom:858px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t2g_189\" style=\"left:493px;bottom:858px;letter-spacing:-0.29px;display:inline;\">516 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t2h_189\" style=\"left:556px;bottom:858px;letter-spacing:-0.13px;display:inline;\">439 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t2i_189\" style=\"left:623px;bottom:858px;letter-spacing:-0.19px;display:inline;\">825 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t2j_189\" style=\"left:691px;bottom:858px;letter-spacing:-0.15px;display:inline;\">122 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t2k_189\" style=\"left:761px;bottom:858px;letter-spacing:-0.17px;display:inline;\">24 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t2l_189\" style=\"left:813px;bottom:858px;letter-spacing:-0.21px;display:inline;\">1,926 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t2m_189\" style=\"left:65px;bottom:839px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">Amortisation and impairment </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t2n_189\" style=\"left:65px;bottom:821px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">At 1 January 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t2o_189\" style=\"left:493px;bottom:821px;letter-spacing:-0.24px;display:inline;\">(191) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t2p_189\" style=\"left:571px;bottom:821px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t2q_189\" style=\"left:620px;bottom:821px;letter-spacing:-0.25px;display:inline;\">(485) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t2r_189\" style=\"left:691px;bottom:821px;letter-spacing:-0.3px;display:inline;\">(113) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t2s_189\" style=\"left:761px;bottom:821px;letter-spacing:-0.3px;display:inline;\">(13) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t2t_189\" style=\"left:818px;bottom:821px;letter-spacing:-0.26px;display:inline;\">(802) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t2u_189\" style=\"left:65px;bottom:802px;letter-spacing:-0.24px;display:inline;\">Provided </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t2v_189\" style=\"left:505px;bottom:802px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t2w_189\" style=\"left:571px;bottom:802px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t2x_189\" style=\"left:627px;bottom:802px;letter-spacing:-0.26px;display:inline;\">(20) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t2y_189\" style=\"left:703px;bottom:802px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t2z_189\" style=\"left:766px;bottom:802px;letter-spacing:-0.4px;display:inline;\">(3) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t30_189\" style=\"left:825px;bottom:802px;letter-spacing:-0.26px;display:inline;\">(23) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t31_189\" style=\"left:65px;bottom:784px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">System Fund expense </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t32_189\" style=\"left:505px;bottom:784px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t33_189\" style=\"left:571px;bottom:784px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t34_189\" style=\"left:628px;bottom:784px;letter-spacing:-0.23px;display:inline;\">(78) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t35_189\" style=\"left:703px;bottom:784px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t36_189\" style=\"left:768px;bottom:784px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t37_189\" style=\"left:825px;bottom:784px;letter-spacing:-0.19px;display:inline;\">(79) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t38_189\" style=\"left:65px;bottom:765px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Impairment reversal </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t39_189\" style=\"left:505px;bottom:765px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3a_189\" style=\"left:571px;bottom:765px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3b_189\" style=\"left:637px;bottom:765px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3c_189\" style=\"left:699px;bottom:765px;letter-spacing:-0.26px;display:inline;\">12 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3d_189\" style=\"left:769px;bottom:765px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3e_189\" style=\"left:831px;bottom:765px;letter-spacing:-0.26px;display:inline;\">12 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3f_189\" style=\"left:65px;bottom:747px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Fully amortised assets written o\ufb00 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3g_189\" style=\"left:505px;bottom:747px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3h_189\" style=\"left:571px;bottom:747px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3i_189\" style=\"left:630px;bottom:747px;letter-spacing:-0.2px;display:inline;\">94 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3j_189\" style=\"left:703px;bottom:747px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3k_189\" style=\"left:769px;bottom:747px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3l_189\" style=\"left:828px;bottom:747px;letter-spacing:-0.2px;display:inline;\">94 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3m_189\" style=\"left:65px;bottom:728px;letter-spacing:-0.16px;display:inline;\">Disposals </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3n_189\" style=\"left:504px;bottom:728px;display:inline;\">8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3o_189\" style=\"left:571px;bottom:728px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3p_189\" style=\"left:637px;bottom:728px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3q_189\" style=\"left:703px;bottom:728px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3r_189\" style=\"left:769px;bottom:728px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3s_189\" style=\"left:835px;bottom:728px;display:inline;\">8 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3t_189\" style=\"left:65px;bottom:710px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3u_189\" style=\"left:505px;bottom:710px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3v_189\" style=\"left:571px;bottom:710px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3w_189\" style=\"left:636px;bottom:710px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3x_189\" style=\"left:703px;bottom:710px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3y_189\" style=\"left:771px;bottom:710px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3z_189\" style=\"left:834px;bottom:710px;display:inline;\">9 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t40_189\" style=\"left:65px;bottom:691px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t41_189\" style=\"left:492px;bottom:691px;letter-spacing:-0.32px;display:inline;\">(178) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t42_189\" style=\"left:571px;bottom:691px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t43_189\" style=\"left:620px;bottom:691px;letter-spacing:-0.27px;display:inline;\">(486) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t44_189\" style=\"left:690px;bottom:691px;letter-spacing:-0.25px;display:inline;\">(101) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t45_189\" style=\"left:761px;bottom:691px;letter-spacing:-0.28px;display:inline;\">(16) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t46_189\" style=\"left:821px;bottom:691px;letter-spacing:-0.22px;display:inline;\">(781) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t47_189\" style=\"left:65px;bottom:673px;letter-spacing:-0.24px;display:inline;\">Provided </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t48_189\" style=\"left:505px;bottom:673px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t49_189\" style=\"left:571px;bottom:673px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4a_189\" style=\"left:628px;bottom:673px;letter-spacing:-0.32px;display:inline;\">(18) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4b_189\" style=\"left:701px;bottom:673px;letter-spacing:-0.39px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4c_189\" style=\"left:765px;bottom:673px;letter-spacing:-0.29px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4d_189\" style=\"left:826px;bottom:673px;letter-spacing:-0.26px;display:inline;\">(21) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t4e_189\" style=\"left:65px;bottom:654px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">System Fund expense </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4f_189\" style=\"left:505px;bottom:654px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4g_189\" style=\"left:571px;bottom:654px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4h_189\" style=\"left:626px;bottom:654px;letter-spacing:-0.32px;display:inline;\">(76) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4i_189\" style=\"left:703px;bottom:654px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4j_189\" style=\"left:767px;bottom:654px;letter-spacing:-0.39px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4k_189\" style=\"left:825px;bottom:654px;letter-spacing:-0.03px;display:inline;\">(77) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t4l_189\" style=\"left:65px;bottom:636px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Fully amortised assets written o\ufb00 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4m_189\" style=\"left:505px;bottom:636px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4n_189\" style=\"left:571px;bottom:636px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4o_189\" style=\"left:630px;bottom:636px;letter-spacing:-0.37px;display:inline;\">52 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4p_189\" style=\"left:703px;bottom:636px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4q_189\" style=\"left:768px;bottom:636px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4r_189\" style=\"left:828px;bottom:636px;letter-spacing:-0.17px;display:inline;\">55 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t4s_189\" style=\"left:65px;bottom:617px;letter-spacing:-0.16px;display:inline;\">Disposals </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4t_189\" style=\"left:505px;bottom:617px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4u_189\" style=\"left:571px;bottom:617px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4v_189\" style=\"left:638px;bottom:617px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4w_189\" style=\"left:703px;bottom:617px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4x_189\" style=\"left:769px;bottom:617px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4y_189\" style=\"left:836px;bottom:617px;display:inline;\">1 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t4z_189\" style=\"left:65px;bottom:599px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t50_189\" style=\"left:501px;bottom:599px;letter-spacing:-0.29px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t51_189\" style=\"left:571px;bottom:599px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t52_189\" style=\"left:635px;bottom:599px;letter-spacing:-0.39px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t53_189\" style=\"left:701px;bottom:599px;letter-spacing:-0.39px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t54_189\" style=\"left:769px;bottom:599px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t55_189\" style=\"left:831px;bottom:599px;letter-spacing:-0.5px;display:inline;\">(4) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t56_189\" style=\"left:65px;bottom:580px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t57_189\" style=\"left:488px;bottom:580px;letter-spacing:-0.3px;display:inline;\">(180) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t58_189\" style=\"left:571px;bottom:580px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t59_189\" style=\"left:620px;bottom:580px;letter-spacing:-0.31px;display:inline;\">(528) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t5a_189\" style=\"left:686px;bottom:580px;letter-spacing:-0.3px;display:inline;\">(103) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t5b_189\" style=\"left:760px;bottom:580px;letter-spacing:-0.32px;display:inline;\">(16) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t5c_189\" style=\"left:818px;bottom:580px;letter-spacing:-0.21px;display:inline;\">(827) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t5d_189\" style=\"left:65px;bottom:544px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Net book value </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t5e_189\" style=\"left:65px;bottom:526px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t5f_189\" style=\"left:490px;bottom:526px;letter-spacing:-0.19px;display:inline;\">336 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t5g_189\" style=\"left:556px;bottom:526px;letter-spacing:-0.13px;display:inline;\">439 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t5h_189\" style=\"left:623px;bottom:526px;letter-spacing:-0.21px;display:inline;\">297 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t5i_189\" style=\"left:697px;bottom:526px;letter-spacing:-0.19px;display:inline;\">19 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t5j_189\" style=\"left:768px;bottom:526px;display:inline;\">8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t5k_189\" style=\"left:812px;bottom:526px;letter-spacing:-0.25px;display:inline;\">1,099 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t5l_189\" style=\"left:65px;bottom:507px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t5m_189\" style=\"left:491px;bottom:507px;letter-spacing:-0.1px;display:inline;\">335 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t5n_189\" style=\"left:557px;bottom:507px;letter-spacing:-0.06px;display:inline;\">439 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t5o_189\" style=\"left:623px;bottom:507px;letter-spacing:-0.12px;display:inline;\">339 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t5p_189\" style=\"left:699px;bottom:507px;letter-spacing:-0.03px;display:inline;\">21 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t5q_189\" style=\"left:763px;bottom:507px;letter-spacing:-0.22px;display:inline;\">10 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t5r_189\" style=\"left:817px;bottom:507px;letter-spacing:-0.3px;display:inline;\">1,144 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t5s_189\" style=\"left:65px;bottom:489px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">At 1 January 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t5t_189\" style=\"left:494px;bottom:489px;letter-spacing:-0.22px;display:inline;\">341 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t5u_189\" style=\"left:557px;bottom:489px;letter-spacing:-0.06px;display:inline;\">439 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t5v_189\" style=\"left:623px;bottom:489px;letter-spacing:-0.15px;display:inline;\">393 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t5w_189\" style=\"left:702px;bottom:489px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t5x_189\" style=\"left:764px;bottom:489px;letter-spacing:-0.25px;display:inline;\">13 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t5y_189\" style=\"left:817px;bottom:489px;letter-spacing:-0.28px;display:inline;\">1,195 </div></td></tr></table>\n<div class=\"t s4_189\" id=\"t5z_189\" style=\"left:65px;bottom:455px;letter-spacing:0.02px;word-spacing:-0.15px;display:inline;\">Goodwill and brands </div><div class=\"t s5_189\" id=\"t60_189\" style=\"left:65px;bottom:440px;letter-spacing:0.01px;display:inline;\">Brands </div><div class=\"t s6_189\" id=\"t61_189\" style=\"left:65px;bottom:425px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">Brands relate to the acquisitions of Kimpton ($193m), Regent ($57m) and Six Senses ($189m). They are each considered to have an </div><div class=\"t s7_189\" id=\"t62_189\" style=\"left:65px;bottom:409px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">indefinite li</div><div class=\"t s6_189\" id=\"t63_189\" style=\"left:126px;bottom:409px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">fe given their strong brand awareness and reputation, and management\u2019s commitment to continued investment in their growth. </div><div class=\"t s6_189\" id=\"t64_189\" style=\"left:65px;bottom:394px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">The brands are protected by trademarks and there are not believed to be any legal, regulatory or contractual provisions that limit the useful </div><div class=\"t s6_189\" id=\"t65_189\" style=\"left:65px;bottom:379px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">lives of the brands. In the hotel industry there are a number of brands that have existed for many years and IHG has brands that are over </div><div class=\"t s6_189\" id=\"t66_189\" style=\"left:65px;bottom:364px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">60 years old. </div><div class=\"t s5_189\" id=\"t67_189\" style=\"left:65px;bottom:341px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Allocation of goodwill and brands to CGUs </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_189\" id=\"t6n_189\" style=\"left:786px;bottom:326px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\">Analysed as: </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_189\" id=\"t68_189\" style=\"left:258px;bottom:321px;letter-spacing:0.04px;word-spacing:-0.15px;display:inline;\">At 1 January </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_189\" id=\"t6b_189\" style=\"left:353px;bottom:321px;letter-spacing:0.09px;display:inline;\">Exchange </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_189\" id=\"t6e_189\" style=\"left:414px;bottom:321px;letter-spacing:0.07px;word-spacing:-0.18px;display:inline;\">At 31 December </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_189\" id=\"t6h_189\" style=\"left:524px;bottom:321px;letter-spacing:0.11px;display:inline;\">Exchange </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_189\" id=\"t6k_189\" style=\"left:585px;bottom:321px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\">At 31 December </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_189\" id=\"t69_189\" style=\"left:287px;bottom:310px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_189\" id=\"t6c_189\" style=\"left:342px;bottom:310px;letter-spacing:0.07px;display:inline;\">adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_189\" id=\"t6f_189\" style=\"left:460px;bottom:310px;letter-spacing:0.17px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_189\" id=\"t6i_189\" style=\"left:513px;bottom:310px;letter-spacing:0.12px;display:inline;\">adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_189\" id=\"t6l_189\" style=\"left:631px;bottom:310px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_189\" id=\"t6o_189\" style=\"left:715px;bottom:310px;letter-spacing:0.1px;display:inline;\">Goodwill </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_189\" id=\"t6q_189\" style=\"left:810px;bottom:310px;letter-spacing:0.13px;display:inline;\">Brands </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_189\" id=\"t6a_189\" style=\"left:294px;bottom:300px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_189\" id=\"t6d_189\" style=\"left:381px;bottom:300px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_189\" id=\"t6g_189\" style=\"left:467px;bottom:300px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_189\" id=\"t6j_189\" style=\"left:554px;bottom:300px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_189\" id=\"t6m_189\" style=\"left:640px;bottom:300px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_189\" id=\"t6p_189\" style=\"left:740px;bottom:300px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_189\" id=\"t6r_189\" style=\"left:827px;bottom:300px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t6s_189\" style=\"left:65px;bottom:282px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Americas (group of CGUs) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t6t_189\" style=\"left:291px;bottom:282px;letter-spacing:-0.29px;display:inline;\">419 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t6u_189\" style=\"left:390px;bottom:282px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t6v_189\" style=\"left:465px;bottom:282px;letter-spacing:-0.29px;display:inline;\">419 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t6w_189\" style=\"left:562px;bottom:282px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t6x_189\" style=\"left:636px;bottom:282px;letter-spacing:-0.31px;display:inline;\">419 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t6y_189\" style=\"left:737px;bottom:282px;letter-spacing:-0.26px;display:inline;\">132 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t6z_189\" style=\"left:822px;bottom:282px;letter-spacing:-0.22px;display:inline;\">287 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t70_189\" style=\"left:65px;bottom:263px;letter-spacing:-0.23px;word-spacing:-0.15px;display:inline;\">EMEAA (group of CGUs) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t71_189\" style=\"left:290px;bottom:263px;letter-spacing:-0.19px;display:inline;\">337 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t72_189\" style=\"left:385px;bottom:263px;letter-spacing:-0.38px;display:inline;\">(6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t73_189\" style=\"left:465px;bottom:263px;letter-spacing:-0.13px;display:inline;\">331 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t74_189\" style=\"left:563px;bottom:263px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t75_189\" style=\"left:635px;bottom:263px;letter-spacing:-0.22px;display:inline;\">332 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t76_189\" style=\"left:736px;bottom:263px;letter-spacing:-0.16px;display:inline;\">196 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t77_189\" style=\"left:823px;bottom:263px;letter-spacing:-0.23px;display:inline;\">136 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t78_189\" style=\"left:65px;bottom:245px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Greater China </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t79_189\" style=\"left:296px;bottom:245px;letter-spacing:-0.38px;display:inline;\">24 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t7a_189\" style=\"left:390px;bottom:245px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t7b_189\" style=\"left:469px;bottom:245px;letter-spacing:-0.38px;display:inline;\">24 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t7c_189\" style=\"left:562px;bottom:245px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t7d_189\" style=\"left:641px;bottom:245px;letter-spacing:-0.17px;display:inline;\">24 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t7e_189\" style=\"left:747px;bottom:245px;display:inline;\">8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t7f_189\" style=\"left:829px;bottom:245px;letter-spacing:-0.22px;display:inline;\">16 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t7g_189\" style=\"left:289px;bottom:226px;letter-spacing:-0.24px;display:inline;\">780 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t7h_189\" style=\"left:385px;bottom:226px;letter-spacing:-0.38px;display:inline;\">(6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t7i_189\" style=\"left:464px;bottom:226px;letter-spacing:-0.32px;display:inline;\">774 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t7j_189\" style=\"left:563px;bottom:226px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t7k_189\" style=\"left:636px;bottom:226px;letter-spacing:-0.09px;display:inline;\">775 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t7l_189\" style=\"left:734px;bottom:226px;letter-spacing:-0.19px;display:inline;\">336 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t7m_189\" style=\"left:820px;bottom:226px;letter-spacing:-0.13px;display:inline;\">439 </div></td></tr></table>\n<div class=\"t s5_189\" id=\"t7n_189\" style=\"left:65px;bottom:31px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\"></div><div class=\"t m0_189 sa_189\" id=\"t7o_189\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t s5_189\" id=\"t7p_189\" style=\"left:826px;bottom:31px;letter-spacing:-0.06px;display:inline;\"></div><div></div><div class=\"t s2_190\" id=\"t3_190\" style=\"left:65px;bottom:1100px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The recoverable amounts of the CGUs, or groups of CGUs, have been determined from value in use calculations. The key assumptions are </div><div class=\"t s3_190\" id=\"t4_190\" style=\"left:65px;bottom:1084px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">RevPAR growth (detailed on page 161 within \u2018Going concern\u2019), terminal growth rates and pre-tax discount rates. Cash flows beyond the </div><div class=\"t s3_190\" id=\"t5_190\" style=\"left:65px;bottom:1069px;letter-spacing:-0.13px;word-spacing:-0.08px;display:inline;\">five-year period are extrapolated using terminal growth rates that do not exceed the average long-term growth rates </div><div class=\"t s2_190\" id=\"t6_190\" style=\"left:706px;bottom:1069px;letter-spacing:-0.16px;word-spacing:-0.06px;display:inline;\">for the relevant markets. </div><div class=\"t s3_190\" id=\"t7_190\" style=\"left:65px;bottom:1054px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Cash flow projections are discounted using pre-tax rates that are based on the Group\u2019s weighted average cost o</div><div class=\"t s2_190\" id=\"t8_190\" style=\"left:687px;bottom:1054px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">f capital and incorporate </div><div class=\"t s3_190\" id=\"t9_190\" style=\"left:65px;bottom:1039px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">adjustments reflecting risks specific to the territory o</div><div class=\"t s2_190\" id=\"ta_190\" style=\"left:359px;bottom:1039px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">f the CGU. </div><div class=\"t s2_190\" id=\"tb_190\" style=\"left:65px;bottom:1016px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">The weighted average terminal growth rates and pre-tax discount rates are as follows: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_190\" id=\"tc_190\" style=\"left:673px;bottom:996px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_190\" id=\"td_190\" style=\"left:819px;bottom:996px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_190\" id=\"te_190\" style=\"left:591px;bottom:980px;display:inline;\">Terminal </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_190\" id=\"ti_190\" style=\"left:664px;bottom:980px;letter-spacing:0.09px;display:inline;\">Pre-tax </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_190\" id=\"tm_190\" style=\"left:738px;bottom:980px;letter-spacing:-0.02px;display:inline;\">Terminal </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_190\" id=\"tq_190\" style=\"left:811px;bottom:980px;letter-spacing:0.1px;display:inline;\">Pre-tax </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_190\" id=\"tf_190\" style=\"left:598px;bottom:969px;letter-spacing:0.09px;display:inline;\">growth </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_190\" id=\"tj_190\" style=\"left:657px;bottom:969px;letter-spacing:0.1px;display:inline;\">discount </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_190\" id=\"tn_190\" style=\"left:744px;bottom:969px;letter-spacing:0.05px;display:inline;\">growth </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_190\" id=\"tr_190\" style=\"left:804px;bottom:969px;letter-spacing:0.07px;display:inline;\">discount </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_190\" id=\"tg_190\" style=\"left:612px;bottom:959px;letter-spacing:0.01px;display:inline;\">rate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_190\" id=\"tk_190\" style=\"left:678px;bottom:959px;letter-spacing:0.01px;display:inline;\">rate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_190\" id=\"to_190\" style=\"left:758px;bottom:959px;letter-spacing:-0.02px;display:inline;\">rate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_190\" id=\"ts_190\" style=\"left:824px;bottom:959px;letter-spacing:-0.02px;display:inline;\">rate </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_190\" id=\"th_190\" style=\"left:622px;bottom:948px;display:inline;\">% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_190\" id=\"tl_190\" style=\"left:689px;bottom:948px;display:inline;\">% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_190\" id=\"tp_190\" style=\"left:768px;bottom:948px;display:inline;\">% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_190\" id=\"tt_190\" style=\"left:834px;bottom:948px;display:inline;\">% </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_190\" id=\"tu_190\" style=\"left:65px;bottom:930px;letter-spacing:-0.19px;display:inline;\">Americas </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_190\" id=\"tv_190\" style=\"left:615px;bottom:930px;letter-spacing:-0.24px;display:inline;\">1.6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_190\" id=\"tw_190\" style=\"left:674px;bottom:930px;letter-spacing:-0.26px;display:inline;\">13.0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_190\" id=\"tx_190\" style=\"left:761px;bottom:930px;letter-spacing:-0.17px;display:inline;\">1.9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_190\" id=\"ty_190\" style=\"left:822px;bottom:930px;letter-spacing:-0.29px;display:inline;\">13.7 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_190\" id=\"tz_190\" style=\"left:65px;bottom:912px;letter-spacing:-0.07px;display:inline;\">EMEAA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_190\" id=\"t10_190\" style=\"left:613px;bottom:912px;letter-spacing:-0.05px;display:inline;\">2.4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_190\" id=\"t11_190\" style=\"left:677px;bottom:912px;letter-spacing:-0.32px;display:inline;\">15.1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_190\" id=\"t12_190\" style=\"left:760px;bottom:912px;letter-spacing:-0.12px;display:inline;\">2.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_190\" id=\"t13_190\" style=\"left:821px;bottom:912px;letter-spacing:-0.11px;display:inline;\">16.2 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_190\" id=\"t14_190\" style=\"left:65px;bottom:893px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Greater China </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_190\" id=\"t15_190\" style=\"left:614px;bottom:893px;letter-spacing:-0.04px;display:inline;\">2.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_190\" id=\"t16_190\" style=\"left:678px;bottom:893px;letter-spacing:-0.25px;display:inline;\">12.1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_190\" id=\"t17_190\" style=\"left:760px;bottom:893px;letter-spacing:-0.12px;display:inline;\">2.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_190\" id=\"t18_190\" style=\"left:821px;bottom:893px;letter-spacing:-0.18px;display:inline;\">13.8 </div></td></tr></table>\n<div class=\"t s2_190\" id=\"t19_190\" style=\"left:65px;bottom:864px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">The recoverable amounts of the CGUs, or groups of CGUs, exceeded their carrying value such that no impairment has arisen. Assumptions </div><div class=\"t s2_190\" id=\"t1a_190\" style=\"left:65px;bottom:848px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">were sensitised, including using the Severe Downside Case scenario (detailed on page 161 within \u2018Going concern\u2019), with no impairment </div><div class=\"t s3_190\" id=\"t1b_190\" style=\"left:65px;bottom:833px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">arising reflecting the number o</div><div class=\"t s2_190\" id=\"t1c_190\" style=\"left:237px;bottom:833px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">f years of Base Case forecasts required to recover the carrying value. </div><div class=\"t s8_190\" id=\"t1d_190\" style=\"left:65px;bottom:810px;letter-spacing:0.04px;display:inline;\">Software </div><div class=\"t s2_190\" id=\"t1e_190\" style=\"left:65px;bottom:795px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">Software includes $146m relating to the development of the next-generation Guest Reservation System with Amadeus. Internally developed </div><div class=\"t s2_190\" id=\"t1f_190\" style=\"left:65px;bottom:780px;letter-spacing:-0.13px;word-spacing:-0.1px;display:inline;\">software with a net book value of $105m is being amortised over seven to ten years, with </div><div class=\"t s3_190\" id=\"t1g_190\" style=\"left:554px;bottom:780px;letter-spacing:-0.12px;word-spacing:-0.11px;display:inline;\">five years remaining at 31 December 2023, reflecting </div><div class=\"t s2_190\" id=\"t1h_190\" style=\"left:65px;bottom:764px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">the Group\u2019s experience of the long life of guest reservation systems and the initial term over which the Group is party to a technology </div><div class=\"t s2_190\" id=\"t1i_190\" style=\"left:65px;bottom:749px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">agreement with Amadeus. The remaining project value relates to enhancements to existing systems as part of the project, which are </div><div class=\"t s3_190\" id=\"t1j_190\" style=\"left:65px;bottom:734px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">amortised over five years. </div><div class=\"t s2_190\" id=\"t1k_190\" style=\"left:65px;bottom:711px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">In 2023 and 2022, no impairment was charged. </div><div class=\"t s8_190\" id=\"t1l_190\" style=\"left:65px;bottom:688px;letter-spacing:0.06px;word-spacing:-0.18px;display:inline;\">Management agreements </div><div class=\"t s2_190\" id=\"t1m_190\" style=\"left:65px;bottom:673px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Management agreements relate to contracts recognised at fair value on acquisition. The weighted average remaining amortisation period </div><div class=\"t s2_190\" id=\"t1n_190\" style=\"left:65px;bottom:657px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">for all management agreements is 14 years (2022: 15 years). </div><div class=\"t s9_190\" id=\"t1o_190\" style=\"left:65px;bottom:634px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">2022 impairment reversal </div><div class=\"t s2_190\" id=\"t1p_190\" style=\"left:65px;bottom:619px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The impairment reversal of $12m related to the Kimpton management agreement portfolio in the Americas region and arose due to strong </div><div class=\"t s3_190\" id=\"t1q_190\" style=\"left:65px;bottom:604px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">trading conditions in 2022 and significantly improved industry </div><div class=\"t s2_190\" id=\"t1r_190\" style=\"left:414px;bottom:604px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">forecasts. The key assumption was RevPAR growth which was approximately </div><div class=\"t s2_190\" id=\"t1s_190\" style=\"left:65px;bottom:589px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">in line with the Group forecast detailed in the 2022 Annual Report. Cash </div><div class=\"t s3_190\" id=\"t1t_190\" style=\"left:467px;bottom:589px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">flows beyond the five-year period were extrapolated using a 1.8% </div><div class=\"t s2_190\" id=\"t1u_190\" style=\"left:65px;bottom:573px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">long-term growth rate that did not exceed the average long-term growth rates for the relevant market. </div><div class=\"t s2_190\" id=\"t1v_190\" style=\"left:65px;bottom:550px;letter-spacing:-0.15px;word-spacing:-0.1px;display:inline;\">The portfolio was valued at value in use (which exceeded fair value less costs of disposal) using discounted cash </div><div class=\"t s3_190\" id=\"t1w_190\" style=\"left:681px;bottom:550px;letter-spacing:-0.15px;word-spacing:-0.09px;display:inline;\">flow techniques that measure </div><div class=\"t s2_190\" id=\"t1x_190\" style=\"left:65px;bottom:535px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">the present value of projected post-tax income </div><div class=\"t s3_190\" id=\"t1y_190\" style=\"left:329px;bottom:535px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">flows. The post-tax discount rate used was 10.8%; the pre-tax equivalent rate is 14.8%. </div><div class=\"t s8_190\" id=\"t1z_190\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t s9_190\" id=\"t20_190\" style=\"left:65px;bottom:31px;letter-spacing:0.05px;display:inline;\"></div><div></div><div class=\"t s0_191\" id=\"t1_191\" style=\"left:65px;bottom:1115px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">13. Property, plant and equipment </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_191\" id=\"t5_191\" style=\"left:736px;bottom:1101px;letter-spacing:0.08px;display:inline;\">Fixtures, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_191\" id=\"t2_191\" style=\"left:669px;bottom:1090px;letter-spacing:0.1px;word-spacing:-0.19px;display:inline;\">Land and </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_191\" id=\"t6_191\" style=\"left:725px;bottom:1090px;letter-spacing:0.07px;word-spacing:-0.18px;display:inline;\">fittings and </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_191\" id=\"t3_191\" style=\"left:668px;bottom:1079px;letter-spacing:0.1px;display:inline;\">buildings </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_191\" id=\"t7_191\" style=\"left:727px;bottom:1079px;letter-spacing:0.13px;display:inline;\">equipment </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_191\" id=\"t9_191\" style=\"left:819px;bottom:1079px;letter-spacing:-0.07px;display:inline;\">Total </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_191\" id=\"t4_191\" style=\"left:695px;bottom:1069px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_191\" id=\"t8_191\" style=\"left:761px;bottom:1069px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_191\" id=\"ta_191\" style=\"left:827px;bottom:1069px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"tb_191\" style=\"left:65px;bottom:1051px;letter-spacing:-0.15px;display:inline;\">Cost </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"tc_191\" style=\"left:65px;bottom:1032px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">At 1 January 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"td_191\" style=\"left:691px;bottom:1032px;letter-spacing:-0.15px;display:inline;\">105 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"te_191\" style=\"left:756px;bottom:1032px;letter-spacing:-0.13px;display:inline;\">299 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"tf_191\" style=\"left:821px;bottom:1032px;letter-spacing:-0.17px;display:inline;\">404 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"tg_191\" style=\"left:65px;bottom:1014px;letter-spacing:-0.23px;display:inline;\">Additions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"th_191\" style=\"left:699px;bottom:1014px;letter-spacing:-0.17px;display:inline;\">15 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"ti_191\" style=\"left:763px;bottom:1014px;letter-spacing:-0.27px;display:inline;\">42 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"tj_191\" style=\"left:829px;bottom:1014px;letter-spacing:-0.24px;display:inline;\">57 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"tk_191\" style=\"left:65px;bottom:995px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Fully depreciated assets written o\ufb00 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"tl_191\" style=\"left:704px;bottom:995px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"tm_191\" style=\"left:758px;bottom:995px;letter-spacing:-0.31px;display:inline;\">(30) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"tn_191\" style=\"left:824px;bottom:995px;letter-spacing:-0.31px;display:inline;\">(30) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"to_191\" style=\"left:65px;bottom:977px;letter-spacing:-0.16px;display:inline;\">Disposals </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"tp_191\" style=\"left:700px;bottom:977px;letter-spacing:0.03px;display:inline;\">(7) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"tq_191\" style=\"left:766px;bottom:977px;letter-spacing:-0.29px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"tr_191\" style=\"left:828px;bottom:977px;letter-spacing:-0.3px;display:inline;\">(12) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"ts_191\" style=\"left:65px;bottom:958px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"tt_191\" style=\"left:702px;bottom:958px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"tu_191\" style=\"left:761px;bottom:958px;letter-spacing:-0.36px;display:inline;\">(14) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"tv_191\" style=\"left:827px;bottom:958px;letter-spacing:-0.26px;display:inline;\">(15) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"tw_191\" style=\"left:65px;bottom:940px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"tx_191\" style=\"left:695px;bottom:940px;letter-spacing:-0.28px;display:inline;\">112 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"ty_191\" style=\"left:757px;bottom:940px;letter-spacing:-0.16px;display:inline;\">292 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"tz_191\" style=\"left:821px;bottom:940px;letter-spacing:-0.17px;display:inline;\">404 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t10_191\" style=\"left:65px;bottom:921px;letter-spacing:-0.23px;display:inline;\">Additions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t11_191\" style=\"left:704px;bottom:921px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t12_191\" style=\"left:761px;bottom:921px;letter-spacing:-0.2px;display:inline;\">20 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t13_191\" style=\"left:830px;bottom:921px;letter-spacing:-0.15px;display:inline;\">21 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t14_191\" style=\"left:65px;bottom:903px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Fully depreciated assets written o\ufb00 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t15_191\" style=\"left:703px;bottom:903px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t16_191\" style=\"left:760px;bottom:903px;letter-spacing:-0.31px;display:inline;\">(15) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t17_191\" style=\"left:827px;bottom:903px;letter-spacing:-0.31px;display:inline;\">(15) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t18_191\" style=\"left:65px;bottom:884px;letter-spacing:-0.16px;display:inline;\">Disposals </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t19_191\" style=\"left:699px;bottom:884px;letter-spacing:-0.29px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t1a_191\" style=\"left:765px;bottom:884px;letter-spacing:-0.42px;display:inline;\">(3) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t1b_191\" style=\"left:831px;bottom:884px;letter-spacing:-0.37px;display:inline;\">(5) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t1c_191\" style=\"left:65px;bottom:866px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t1d_191\" style=\"left:703px;bottom:866px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t1e_191\" style=\"left:768px;bottom:866px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t1f_191\" style=\"left:834px;bottom:866px;display:inline;\">6 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t1g_191\" style=\"left:65px;bottom:847px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t1h_191\" style=\"left:695px;bottom:847px;letter-spacing:-0.3px;display:inline;\">111 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t1i_191\" style=\"left:753px;bottom:847px;letter-spacing:-0.19px;display:inline;\">300 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t1j_191\" style=\"left:825px;bottom:847px;letter-spacing:-0.36px;display:inline;\">411 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t1k_191\" style=\"left:65px;bottom:829px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">Depreciation and impairment </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t1l_191\" style=\"left:65px;bottom:810px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">At 1 January 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t1m_191\" style=\"left:693px;bottom:810px;letter-spacing:-0.25px;display:inline;\">(53) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t1n_191\" style=\"left:755px;bottom:810px;letter-spacing:-0.25px;display:inline;\">(214) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t1o_191\" style=\"left:819px;bottom:810px;letter-spacing:-0.14px;display:inline;\">(267) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t1p_191\" style=\"left:65px;bottom:792px;letter-spacing:-0.24px;display:inline;\">Provided </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t1q_191\" style=\"left:700px;bottom:792px;letter-spacing:-0.4px;display:inline;\">(3) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t1r_191\" style=\"left:762px;bottom:792px;letter-spacing:-0.18px;display:inline;\">(17) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t1s_191\" style=\"left:825px;bottom:792px;letter-spacing:-0.26px;display:inline;\">(20) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t1t_191\" style=\"left:65px;bottom:773px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">System Fund expense </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t1u_191\" style=\"left:703px;bottom:773px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t1v_191\" style=\"left:766px;bottom:773px;letter-spacing:-0.49px;display:inline;\">(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t1w_191\" style=\"left:832px;bottom:773px;letter-spacing:-0.49px;display:inline;\">(4) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t1x_191\" style=\"left:65px;bottom:755px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Impairment charge </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t1y_191\" style=\"left:703px;bottom:755px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t1z_191\" style=\"left:760px;bottom:755px;letter-spacing:-0.3px;display:inline;\">(10) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t20_191\" style=\"left:827px;bottom:755px;letter-spacing:-0.3px;display:inline;\">(10) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t21_191\" style=\"left:65px;bottom:736px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Impairment reversal </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t22_191\" style=\"left:703px;bottom:736px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t23_191\" style=\"left:769px;bottom:736px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t24_191\" style=\"left:835px;bottom:736px;display:inline;\">3 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t25_191\" style=\"left:65px;bottom:718px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Fully depreciated assets written o\ufb00 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t26_191\" style=\"left:703px;bottom:718px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t27_191\" style=\"left:761px;bottom:718px;letter-spacing:-0.16px;display:inline;\">30 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t28_191\" style=\"left:827px;bottom:718px;letter-spacing:-0.16px;display:inline;\">30 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t29_191\" style=\"left:65px;bottom:699px;letter-spacing:-0.16px;display:inline;\">Disposals </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t2a_191\" style=\"left:702px;bottom:699px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t2b_191\" style=\"left:769px;bottom:699px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t2c_191\" style=\"left:835px;bottom:699px;display:inline;\">9 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t2d_191\" style=\"left:65px;bottom:681px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t2e_191\" style=\"left:705px;bottom:681px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t2f_191\" style=\"left:767px;bottom:681px;letter-spacing:-0.3px;display:inline;\">11 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t2g_191\" style=\"left:831px;bottom:681px;letter-spacing:-0.26px;display:inline;\">12 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t2h_191\" style=\"left:65px;bottom:662px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t2i_191\" style=\"left:696px;bottom:662px;letter-spacing:-0.34px;display:inline;\">(51) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t2j_191\" style=\"left:754px;bottom:662px;letter-spacing:-0.22px;display:inline;\">(196) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t2k_191\" style=\"left:820px;bottom:662px;letter-spacing:-0.22px;display:inline;\">(247) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t2l_191\" style=\"left:65px;bottom:644px;letter-spacing:-0.24px;display:inline;\">Provided </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t2m_191\" style=\"left:699px;bottom:644px;letter-spacing:-0.4px;display:inline;\">(6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t2n_191\" style=\"left:760px;bottom:644px;letter-spacing:-0.32px;display:inline;\">(18) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t2o_191\" style=\"left:824px;bottom:644px;letter-spacing:-0.28px;display:inline;\">(24) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t2p_191\" style=\"left:65px;bottom:625px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">System Fund expense </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t2q_191\" style=\"left:703px;bottom:625px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t2r_191\" style=\"left:765px;bottom:625px;letter-spacing:-0.5px;display:inline;\">(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t2s_191\" style=\"left:831px;bottom:625px;letter-spacing:-0.5px;display:inline;\">(4) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t2t_191\" style=\"left:65px;bottom:607px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Fully depreciated assets written o\ufb00 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t2u_191\" style=\"left:703px;bottom:607px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t2v_191\" style=\"left:764px;bottom:607px;letter-spacing:-0.18px;display:inline;\">15 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t2w_191\" style=\"left:830px;bottom:607px;letter-spacing:-0.18px;display:inline;\">15 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t2x_191\" style=\"left:65px;bottom:588px;letter-spacing:-0.16px;display:inline;\">Disposals </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t2y_191\" style=\"left:702px;bottom:588px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t2z_191\" style=\"left:768px;bottom:588px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t30_191\" style=\"left:834px;bottom:588px;display:inline;\">5 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t31_191\" style=\"left:65px;bottom:570px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t32_191\" style=\"left:704px;bottom:570px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t33_191\" style=\"left:765px;bottom:570px;letter-spacing:-0.5px;display:inline;\">(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t34_191\" style=\"left:831px;bottom:570px;letter-spacing:-0.42px;display:inline;\">(3) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t35_191\" style=\"left:65px;bottom:551px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t36_191\" style=\"left:692px;bottom:551px;letter-spacing:-0.31px;display:inline;\">(54) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t37_191\" style=\"left:750px;bottom:551px;letter-spacing:-0.27px;display:inline;\">(204) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t38_191\" style=\"left:818px;bottom:551px;letter-spacing:-0.23px;display:inline;\">(258) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t39_191\" style=\"left:65px;bottom:515px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Net book value </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t3a_191\" style=\"left:65px;bottom:497px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t3b_191\" style=\"left:696px;bottom:497px;letter-spacing:-0.34px;display:inline;\">57 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t3c_191\" style=\"left:761px;bottom:497px;letter-spacing:-0.15px;display:inline;\">96 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t3d_191\" style=\"left:823px;bottom:497px;letter-spacing:-0.17px;display:inline;\">153 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t3e_191\" style=\"left:65px;bottom:478px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t3f_191\" style=\"left:698px;bottom:478px;letter-spacing:-0.09px;display:inline;\">61 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t3g_191\" style=\"left:762px;bottom:478px;letter-spacing:-0.06px;display:inline;\">96 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t3h_191\" style=\"left:825px;bottom:478px;letter-spacing:-0.2px;display:inline;\">157 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t3i_191\" style=\"left:65px;bottom:460px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">At 1 January 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t3j_191\" style=\"left:697px;bottom:460px;letter-spacing:-0.4px;display:inline;\">52 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t3k_191\" style=\"left:762px;bottom:460px;letter-spacing:-0.08px;display:inline;\">85 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t3l_191\" style=\"left:825px;bottom:460px;letter-spacing:-0.26px;display:inline;\">137 </div></td></tr></table>\n<div class=\"t s4_191\" id=\"t3m_191\" style=\"left:65px;bottom:426px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The Group\u2019s property, plant and equipment mainly comprises buildings and leasehold improvements on 17 hotels (2022: 16 hotels), but also </div><div class=\"t s5_191\" id=\"t3n_191\" style=\"left:65px;bottom:411px;letter-spacing:-0.05px;word-spacing:-0.08px;display:inline;\">o\ufb00ices and computer hardware, throughout the world. </div><div class=\"t s6_191\" id=\"t3o_191\" style=\"left:65px;bottom:388px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">Net book value by operating segment </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_191\" id=\"t3t_191\" style=\"left:675px;bottom:374px;letter-spacing:0.09px;display:inline;\">Greater </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_191\" id=\"t3p_191\" style=\"left:535px;bottom:363px;letter-spacing:0.11px;display:inline;\">Americas </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_191\" id=\"t3r_191\" style=\"left:610px;bottom:363px;letter-spacing:0.22px;display:inline;\">EMEAA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_191\" id=\"t3u_191\" style=\"left:683px;bottom:363px;letter-spacing:0.12px;display:inline;\">China </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_191\" id=\"t3w_191\" style=\"left:742px;bottom:363px;letter-spacing:0.1px;display:inline;\">Central </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_191\" id=\"t3y_191\" style=\"left:819px;bottom:363px;letter-spacing:-0.07px;display:inline;\">Total </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_191\" id=\"t3q_191\" style=\"left:562px;bottom:352px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_191\" id=\"t3s_191\" style=\"left:629px;bottom:352px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_191\" id=\"t3v_191\" style=\"left:695px;bottom:352px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_191\" id=\"t3x_191\" style=\"left:761px;bottom:352px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_191\" id=\"t3z_191\" style=\"left:827px;bottom:352px;letter-spacing:0.15px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t40_191\" style=\"left:65px;bottom:334px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Land and buildings </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t41_191\" style=\"left:566px;bottom:334px;letter-spacing:-0.35px;display:inline;\">51 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t42_191\" style=\"left:638px;bottom:334px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t43_191\" style=\"left:703px;bottom:334px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t44_191\" style=\"left:768px;bottom:334px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t45_191\" style=\"left:829px;bottom:334px;letter-spacing:-0.34px;display:inline;\">57 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t46_191\" style=\"left:65px;bottom:316px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Fixtures, fittings and equipment </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t47_191\" style=\"left:565px;bottom:316px;letter-spacing:-0.24px;display:inline;\">31 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t48_191\" style=\"left:636px;bottom:316px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t49_191\" style=\"left:703px;bottom:316px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t4a_191\" style=\"left:763px;bottom:316px;letter-spacing:-0.19px;display:inline;\">61 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t4b_191\" style=\"left:827px;bottom:316px;letter-spacing:-0.15px;display:inline;\">96 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t4c_191\" style=\"left:564px;bottom:297px;letter-spacing:-0.25px;display:inline;\">82 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t4d_191\" style=\"left:636px;bottom:297px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t4e_191\" style=\"left:703px;bottom:297px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t4f_191\" style=\"left:761px;bottom:297px;letter-spacing:-0.17px;display:inline;\">66 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t4g_191\" style=\"left:823px;bottom:297px;letter-spacing:-0.17px;display:inline;\">153 </div></td></tr></table>\n<div class=\"t s6_191\" id=\"t4h_191\" style=\"left:65px;bottom:264px;word-spacing:-0.13px;display:inline;\">Impairment and impairment reversals </div><div class=\"t s8_191\" id=\"t4i_191\" style=\"left:65px;bottom:249px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">2022 impairment </div><div class=\"t s5_191\" id=\"t4j_191\" style=\"left:65px;bottom:233px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">An impairment charge of $10m was recognised in the year on property, plant and equipment relating to one hotel in the EMEAA region. </div><div class=\"t s5_191\" id=\"t4k_191\" style=\"left:65px;bottom:218px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">A further $2m impairment of right-of-use assets was recognised in relation to the same hotel. The charge arose, and was classed as </div><div class=\"t s4_191\" id=\"t4l_191\" style=\"left:65px;bottom:203px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">exceptional, due to recent cost inflation which is impacting operating costs but also the projected variable rent payments. The assets </div><div class=\"t s4_191\" id=\"t4m_191\" style=\"left:65px;bottom:188px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">were measured at value in use, using a discounted cash flow approach based on the hotel\u2019s five-year plan. Cash flows beyond the five-year </div><div class=\"t s5_191\" id=\"t4n_191\" style=\"left:65px;bottom:172px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">period were extrapolated using a long-term growth rate which did not exceed the long-term average growth rate for the relevant country. </div><div class=\"t s5_191\" id=\"t4o_191\" style=\"left:65px;bottom:157px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Estimated future cash </div><div class=\"t s4_191\" id=\"t4p_191\" style=\"left:189px;bottom:157px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">flows were discounted at a pre-tax rate o</div><div class=\"t s5_191\" id=\"t4q_191\" style=\"left:415px;bottom:157px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">f 9.6%. The recoverable amount was $nil. </div><div class=\"t s8_191\" id=\"t4r_191\" style=\"left:65px;bottom:31px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\"> </div><div class=\"t m0_191 s9_191\" id=\"t4s_191\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t s8_191\" id=\"t4t_191\" style=\"left:825px;bottom:31px;letter-spacing:0.06px;display:inline;\"></div><div></div><div class=\"t s2_192\" id=\"t3_192\" style=\"left:65px;bottom:1100px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">2022 impairment reversal </div><div class=\"t s3_192\" id=\"t4_192\" style=\"left:65px;bottom:1084px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Impairment reversals of $3m were recognised in relation to the UK portfolio (EMEAA region) and arose as a result of the renegotiation </div><div class=\"t s3_192\" id=\"t5_192\" style=\"left:65px;bottom:1069px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">of contractual agreements which enhanced the cash-generating potential of those hotels. The recoverable amount was measured at value </div><div class=\"t s4_192\" id=\"t6_192\" style=\"left:65px;bottom:1054px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">in use, using a discounted cash flow </div><div class=\"t s3_192\" id=\"t7_192\" style=\"left:269px;bottom:1054px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">forecast used to assess the new deal with rentals based on the agreed contractual terms. A pre-tax </div><div class=\"t s3_192\" id=\"t8_192\" style=\"left:65px;bottom:1039px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">discount rate of 14.2% was applied. </div><div class=\"t s4_192\" id=\"t9_192\" style=\"left:65px;bottom:1016px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">In both 2022 impairment tests, hotel specific plans were used which used the IHG UK RevPAR </div><div class=\"t s3_192\" id=\"ta_192\" style=\"left:587px;bottom:1016px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">forecasts adjusted for factors speci</div><div class=\"t s4_192\" id=\"tb_192\" style=\"left:784px;bottom:1016px;letter-spacing:-0.1px;word-spacing:-0.07px;display:inline;\">fic to the </div><div class=\"t s3_192\" id=\"tc_192\" style=\"left:65px;bottom:1000px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">individual property (such as revenue from food and beverage facilities and the impact of renovations on occupancy and rate). </div><div class=\"t s0_192\" id=\"td_192\" style=\"left:65px;bottom:970px;letter-spacing:0.02px;word-spacing:-0.16px;display:inline;\">14. Leases </div><div class=\"t s5_192\" id=\"te_192\" style=\"left:65px;bottom:955px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">Right-of-use assets </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_192\" id=\"tf_192\" style=\"left:603px;bottom:945px;letter-spacing:0.09px;word-spacing:-0.19px;display:inline;\">Land and </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_192\" id=\"ti_192\" style=\"left:659px;bottom:945px;letter-spacing:0.07px;display:inline;\">Investment </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_192\" id=\"tg_192\" style=\"left:602px;bottom:934px;letter-spacing:0.1px;display:inline;\">buildings </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_192\" id=\"tj_192\" style=\"left:670px;bottom:934px;letter-spacing:0.14px;display:inline;\">property </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_192\" id=\"tl_192\" style=\"left:749px;bottom:934px;letter-spacing:0.15px;display:inline;\">Other </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_192\" id=\"tn_192\" style=\"left:819px;bottom:934px;letter-spacing:-0.07px;display:inline;\">Total </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_192\" id=\"th_192\" style=\"left:629px;bottom:923px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_192\" id=\"tk_192\" style=\"left:695px;bottom:923px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_192\" id=\"tm_192\" style=\"left:761px;bottom:923px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_192\" id=\"to_192\" style=\"left:827px;bottom:923px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"tp_192\" style=\"left:65px;bottom:905px;letter-spacing:-0.15px;display:inline;\">Cost </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"tq_192\" style=\"left:65px;bottom:887px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">At 1 January 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"tr_192\" style=\"left:624px;bottom:887px;letter-spacing:-0.27px;display:inline;\">607 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"ts_192\" style=\"left:704px;bottom:887px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"tt_192\" style=\"left:769px;bottom:887px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"tu_192\" style=\"left:823px;bottom:887px;letter-spacing:-0.17px;display:inline;\">610 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"tv_192\" style=\"left:65px;bottom:868px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Additions and other re-measurements </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"tw_192\" style=\"left:629px;bottom:868px;letter-spacing:-0.14px;display:inline;\">40 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"tx_192\" style=\"left:704px;bottom:868px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"ty_192\" style=\"left:770px;bottom:868px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"tz_192\" style=\"left:827px;bottom:868px;letter-spacing:-0.14px;display:inline;\">40 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t10_192\" style=\"left:65px;bottom:850px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Transfers to investment property </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t11_192\" style=\"left:626px;bottom:850px;letter-spacing:-0.29px;display:inline;\">(50) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t12_192\" style=\"left:696px;bottom:850px;letter-spacing:-0.24px;display:inline;\">50 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t13_192\" style=\"left:770px;bottom:850px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t14_192\" style=\"left:836px;bottom:850px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t15_192\" style=\"left:65px;bottom:831px;letter-spacing:-0.29px;word-spacing:-0.05px;display:inline;\">Transfers to </div><div class=\"t s9_192\" id=\"t16_192\" style=\"left:125px;bottom:831px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">finance lease receivable </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t17_192\" style=\"left:634px;bottom:831px;letter-spacing:-0.29px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t18_192\" style=\"left:704px;bottom:831px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t19_192\" style=\"left:770px;bottom:831px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t1a_192\" style=\"left:832px;bottom:831px;letter-spacing:-0.29px;display:inline;\">(5) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t1b_192\" style=\"left:65px;bottom:813px;letter-spacing:-0.29px;display:inline;\">Terminations </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t1c_192\" style=\"left:633px;bottom:813px;letter-spacing:-0.36px;display:inline;\">(9) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t1d_192\" style=\"left:704px;bottom:813px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t1e_192\" style=\"left:768px;bottom:813px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t1f_192\" style=\"left:827px;bottom:813px;letter-spacing:-0.3px;display:inline;\">(10) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t1g_192\" style=\"left:65px;bottom:794px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t1h_192\" style=\"left:630px;bottom:794px;letter-spacing:-0.3px;display:inline;\">(12) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t1i_192\" style=\"left:704px;bottom:794px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t1j_192\" style=\"left:770px;bottom:794px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t1k_192\" style=\"left:828px;bottom:794px;letter-spacing:-0.3px;display:inline;\">(12) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t1l_192\" style=\"left:65px;bottom:776px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t1m_192\" style=\"left:627px;bottom:776px;letter-spacing:-0.13px;display:inline;\">571 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t1n_192\" style=\"left:696px;bottom:776px;letter-spacing:-0.24px;display:inline;\">50 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t1o_192\" style=\"left:769px;bottom:776px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t1p_192\" style=\"left:822px;bottom:776px;letter-spacing:-0.23px;display:inline;\">623 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t1q_192\" style=\"left:65px;bottom:757px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Additions and other re-measurements </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t1r_192\" style=\"left:632px;bottom:757px;letter-spacing:-0.18px;display:inline;\">15 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t1s_192\" style=\"left:703px;bottom:757px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t1t_192\" style=\"left:769px;bottom:757px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t1u_192\" style=\"left:831px;bottom:757px;letter-spacing:-0.34px;display:inline;\">17 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t1v_192\" style=\"left:65px;bottom:739px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Transfers to investment property </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t1w_192\" style=\"left:633px;bottom:739px;letter-spacing:-0.29px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t1x_192\" style=\"left:702px;bottom:739px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t1y_192\" style=\"left:769px;bottom:739px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t1z_192\" style=\"left:835px;bottom:739px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t20_192\" style=\"left:65px;bottom:720px;letter-spacing:-0.29px;display:inline;\">Terminations </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t21_192\" style=\"left:628px;bottom:720px;letter-spacing:-0.36px;display:inline;\">(51) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t22_192\" style=\"left:703px;bottom:720px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t23_192\" style=\"left:767px;bottom:720px;letter-spacing:-0.39px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t24_192\" style=\"left:825px;bottom:720px;letter-spacing:-0.35px;display:inline;\">(52) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t25_192\" style=\"left:65px;bottom:702px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t26_192\" style=\"left:638px;bottom:702px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t27_192\" style=\"left:703px;bottom:702px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t28_192\" style=\"left:769px;bottom:702px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t29_192\" style=\"left:836px;bottom:702px;display:inline;\">1 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t2a_192\" style=\"left:65px;bottom:683px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t2b_192\" style=\"left:622px;bottom:683px;letter-spacing:-0.15px;display:inline;\">534 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t2c_192\" style=\"left:696px;bottom:683px;letter-spacing:-0.37px;display:inline;\">52 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t2d_192\" style=\"left:768px;bottom:683px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t2e_192\" style=\"left:820px;bottom:683px;letter-spacing:-0.18px;display:inline;\">589 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t2f_192\" style=\"left:65px;bottom:665px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">Depreciation and impairment </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t2g_192\" style=\"left:65px;bottom:646px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">At 1 January 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t2h_192\" style=\"left:620px;bottom:646px;letter-spacing:-0.26px;display:inline;\">(334) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t2i_192\" style=\"left:703px;bottom:646px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t2j_192\" style=\"left:766px;bottom:646px;letter-spacing:-0.26px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t2k_192\" style=\"left:818px;bottom:646px;letter-spacing:-0.25px;display:inline;\">(336) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t2l_192\" style=\"left:65px;bottom:628px;letter-spacing:-0.24px;display:inline;\">Provided </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t2m_192\" style=\"left:627px;bottom:628px;letter-spacing:-0.32px;display:inline;\">(24) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t2n_192\" style=\"left:703px;bottom:628px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t2o_192\" style=\"left:768px;bottom:628px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t2p_192\" style=\"left:826px;bottom:628px;letter-spacing:-0.23px;display:inline;\">(25) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t2q_192\" style=\"left:65px;bottom:609px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">System Fund expense </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t2r_192\" style=\"left:634px;bottom:609px;letter-spacing:-0.4px;display:inline;\">(3) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t2s_192\" style=\"left:703px;bottom:609px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t2t_192\" style=\"left:769px;bottom:609px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t2u_192\" style=\"left:832px;bottom:609px;letter-spacing:-0.4px;display:inline;\">(3) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t2v_192\" style=\"left:65px;bottom:591px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Impairment charge </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t2w_192\" style=\"left:634px;bottom:591px;letter-spacing:-0.26px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t2x_192\" style=\"left:703px;bottom:591px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t2y_192\" style=\"left:769px;bottom:591px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t2z_192\" style=\"left:832px;bottom:591px;letter-spacing:-0.26px;display:inline;\">(2) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t30_192\" style=\"left:65px;bottom:572px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Impairment reversal </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t31_192\" style=\"left:637px;bottom:572px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t32_192\" style=\"left:703px;bottom:572px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t33_192\" style=\"left:769px;bottom:572px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t34_192\" style=\"left:835px;bottom:572px;display:inline;\">2 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t35_192\" style=\"left:65px;bottom:554px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Transfers to investment property </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t36_192\" style=\"left:631px;bottom:554px;letter-spacing:-0.42px;display:inline;\">47 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t37_192\" style=\"left:694px;bottom:554px;letter-spacing:-0.3px;display:inline;\">(47) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t38_192\" style=\"left:769px;bottom:554px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t39_192\" style=\"left:836px;bottom:554px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3a_192\" style=\"left:65px;bottom:535px;letter-spacing:-0.29px;word-spacing:-0.05px;display:inline;\">Transfers to </div><div class=\"t s9_192\" id=\"t3b_192\" style=\"left:125px;bottom:535px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">finance lease receivable </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3c_192\" style=\"left:637px;bottom:535px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3d_192\" style=\"left:703px;bottom:535px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3e_192\" style=\"left:769px;bottom:535px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3f_192\" style=\"left:835px;bottom:535px;display:inline;\">3 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3g_192\" style=\"left:65px;bottom:517px;letter-spacing:-0.29px;display:inline;\">Terminations </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3h_192\" style=\"left:636px;bottom:517px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3i_192\" style=\"left:703px;bottom:517px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3j_192\" style=\"left:771px;bottom:517px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3k_192\" style=\"left:830px;bottom:517px;letter-spacing:-0.22px;display:inline;\">10 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3l_192\" style=\"left:65px;bottom:498px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3m_192\" style=\"left:637px;bottom:498px;display:inline;\">8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3n_192\" style=\"left:703px;bottom:498px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3o_192\" style=\"left:769px;bottom:498px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3p_192\" style=\"left:835px;bottom:498px;display:inline;\">8 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3q_192\" style=\"left:65px;bottom:480px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3r_192\" style=\"left:621px;bottom:480px;letter-spacing:-0.24px;display:inline;\">(294) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3s_192\" style=\"left:694px;bottom:480px;letter-spacing:-0.3px;display:inline;\">(47) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3t_192\" style=\"left:766px;bottom:480px;letter-spacing:-0.26px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3u_192\" style=\"left:818px;bottom:480px;letter-spacing:-0.22px;display:inline;\">(343) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3v_192\" style=\"left:65px;bottom:461px;letter-spacing:-0.24px;display:inline;\">Provided </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t3w_192\" style=\"left:626px;bottom:461px;letter-spacing:-0.21px;display:inline;\">(22) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t3x_192\" style=\"left:703px;bottom:461px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t3y_192\" style=\"left:769px;bottom:461px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t3z_192\" style=\"left:825px;bottom:461px;letter-spacing:-0.21px;display:inline;\">(22) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t40_192\" style=\"left:65px;bottom:443px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">System Fund expense </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t41_192\" style=\"left:633px;bottom:443px;letter-spacing:-0.29px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t42_192\" style=\"left:703px;bottom:443px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t43_192\" style=\"left:769px;bottom:443px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t44_192\" style=\"left:831px;bottom:443px;letter-spacing:-0.29px;display:inline;\">(2) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t45_192\" style=\"left:65px;bottom:424px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Transfers to investment property </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t46_192\" style=\"left:636px;bottom:424px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t47_192\" style=\"left:699px;bottom:424px;letter-spacing:-0.29px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t48_192\" style=\"left:769px;bottom:424px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t49_192\" style=\"left:835px;bottom:424px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t4a_192\" style=\"left:65px;bottom:406px;letter-spacing:-0.29px;display:inline;\">Terminations </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t4b_192\" style=\"left:632px;bottom:406px;letter-spacing:-0.35px;display:inline;\">51 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t4c_192\" style=\"left:703px;bottom:406px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t4d_192\" style=\"left:770px;bottom:406px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t4e_192\" style=\"left:828px;bottom:406px;letter-spacing:-0.37px;display:inline;\">52 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t4f_192\" style=\"left:65px;bottom:387px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t4g_192\" style=\"left:635px;bottom:387px;letter-spacing:-0.39px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t4h_192\" style=\"left:703px;bottom:387px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t4i_192\" style=\"left:769px;bottom:387px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t4j_192\" style=\"left:833px;bottom:387px;letter-spacing:-0.39px;display:inline;\">(1) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t4k_192\" style=\"left:65px;bottom:369px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t4l_192\" style=\"left:619px;bottom:369px;letter-spacing:-0.24px;display:inline;\">(266) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t4m_192\" style=\"left:692px;bottom:369px;letter-spacing:-0.38px;display:inline;\">(49) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t4n_192\" style=\"left:767px;bottom:369px;letter-spacing:-0.39px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t4o_192\" style=\"left:819px;bottom:369px;letter-spacing:-0.31px;display:inline;\">(316) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t4p_192\" style=\"left:65px;bottom:332px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Net book value </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t4q_192\" style=\"left:65px;bottom:313px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t4r_192\" style=\"left:622px;bottom:313px;letter-spacing:-0.18px;display:inline;\">268 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t4s_192\" style=\"left:702px;bottom:313px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t4t_192\" style=\"left:768px;bottom:313px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t4u_192\" style=\"left:822px;bottom:313px;letter-spacing:-0.28px;display:inline;\">273 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t4v_192\" style=\"left:65px;bottom:295px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t4w_192\" style=\"left:625px;bottom:295px;letter-spacing:-0.01px;display:inline;\">277 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t4x_192\" style=\"left:703px;bottom:295px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t4y_192\" style=\"left:769px;bottom:295px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t4z_192\" style=\"left:821px;bottom:295px;letter-spacing:-0.21px;display:inline;\">280 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t50_192\" style=\"left:65px;bottom:276px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">At 1 January 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t51_192\" style=\"left:625px;bottom:276px;letter-spacing:-0.23px;display:inline;\">273 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t52_192\" style=\"left:703px;bottom:276px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t53_192\" style=\"left:771px;bottom:276px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t54_192\" style=\"left:824px;bottom:276px;letter-spacing:-0.48px;display:inline;\">274 </div></td></tr></table>\n<div class=\"t s5_192\" id=\"t55_192\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t s2_192\" id=\"t56_192\" style=\"left:65px;bottom:31px;letter-spacing:0.11px;display:inline;\"></div><div></div><div class=\"t s2_193\" id=\"t3_193\" style=\"left:65px;bottom:1100px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">The Group\u2019s leased assets mainly comprise hotels and o\ufb00ices. Leases contain a wide range of di</div><div class=\"t s3_193\" id=\"t4_193\" style=\"left:598px;bottom:1100px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">\ufb00erent terms and conditions. The term of </div><div class=\"t s2_193\" id=\"t5_193\" style=\"left:65px;bottom:1084px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">property leases ranges from 1-99 years. The weighted average lease term remaining on the Group\u2019s top eight leases (which comprise 94% </div><div class=\"t s3_193\" id=\"t6_193\" style=\"left:65px;bottom:1069px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">(2022: 95%) of the right-of-use asset net book value) is 56 years (2022: 56 years). The InterContinental Boston lease, expiring in 2105, has </div><div class=\"t s4_193\" id=\"t7_193\" style=\"left:65px;bottom:1054px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">a significant impact on this weighted average lease term; excluding this lease the weighted average lease term is 8 years (2022: 9 years). </div><div class=\"t s4_193\" id=\"t8_193\" style=\"left:65px;bottom:1039px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Undiscounted cash flows on the Boston lease o</div><div class=\"t s2_193\" id=\"t9_193\" style=\"left:328px;bottom:1039px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">f $3,212m (2022: $3,233m) represent 94% (2022: 94%) of the total undiscounted cash </div><div class=\"t s4_193\" id=\"ta_193\" style=\"left:807px;bottom:1039px;letter-spacing:-0.06px;display:inline;\">flows </div><div class=\"t s2_193\" id=\"tb_193\" style=\"left:65px;bottom:1023px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">relating to lease liabilities. </div><div class=\"t s2_193\" id=\"tc_193\" style=\"left:65px;bottom:1000px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Many of the Group\u2019s property leases contain extension or early termination options, which are used for operational </div><div class=\"t s4_193\" id=\"td_193\" style=\"left:704px;bottom:1000px;letter-spacing:-0.08px;word-spacing:-0.08px;display:inline;\">flexibility. The lease </div><div class=\"t s2_193\" id=\"te_193\" style=\"left:65px;bottom:985px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">agreement over the US corporate headquarters contains a material extension option which is not included in the calculation of the lease </div><div class=\"t s3_193\" id=\"tf_193\" style=\"left:65px;bottom:970px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">asset and liability as the extension would not take e\ufb00ect before 2031 and there is no reasonable certainty the option will be exercised. </div><div class=\"t s2_193\" id=\"tg_193\" style=\"left:65px;bottom:955px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">The value of the undiscounted rental payments relating to this lease and not included in the value of the lease asset and liability is $295m. </div><div class=\"t s3_193\" id=\"th_193\" style=\"left:65px;bottom:939px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Additionally, the Group has the option to extend the term of the InterContinental Boston lease for two additional 20-year terms, the </div><div class=\"t s4_193\" id=\"ti_193\" style=\"left:794px;bottom:939px;letter-spacing:-0.02px;display:inline;\">first </div><div class=\"t s3_193\" id=\"tj_193\" style=\"left:65px;bottom:924px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">of which would take e\ufb00ect from 2105. These extension options have not been included in the calculation of the lease liability. </div><div class=\"t s5_193\" id=\"tk_193\" style=\"left:65px;bottom:901px;word-spacing:-0.13px;display:inline;\">Impairment and impairment reversals </div><div class=\"t s6_193\" id=\"tl_193\" style=\"left:65px;bottom:886px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">2022 impairment </div><div class=\"t s2_193\" id=\"tm_193\" style=\"left:65px;bottom:871px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Details of the $2m impairment charge are contained in note 13. </div><div class=\"t s6_193\" id=\"tn_193\" style=\"left:65px;bottom:848px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">2022 impairment reversal </div><div class=\"t s2_193\" id=\"to_193\" style=\"left:65px;bottom:832px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Impairment reversals of $2m were recognised in relation to one hotel in the EMEAA region and arose due to improved recovery forecasts </div><div class=\"t s4_193\" id=\"tp_193\" style=\"left:65px;bottom:817px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">as well as strong 2022 trading. The asset was measured at value in use, using a discounted cash flow </div><div class=\"t s2_193\" id=\"tq_193\" style=\"left:626px;bottom:817px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">for the remaining </div><div class=\"t s4_193\" id=\"tr_193\" style=\"left:725px;bottom:817px;letter-spacing:-0.05px;word-spacing:-0.11px;display:inline;\">five-year lease term. </div><div class=\"t s2_193\" id=\"ts_193\" style=\"left:65px;bottom:802px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Estimated future cash </div><div class=\"t s4_193\" id=\"tt_193\" style=\"left:189px;bottom:802px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">flows were discounted at a pre-tax rate o</div><div class=\"t s2_193\" id=\"tu_193\" style=\"left:415px;bottom:802px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">f 17.6%. The recoverable amount was $9m which represents the depreciated </div><div class=\"t s2_193\" id=\"tv_193\" style=\"left:65px;bottom:786px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">value of the original asset. </div><div class=\"t s6_193\" id=\"tw_193\" style=\"left:65px;bottom:764px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">2021 impairment reversal </div><div class=\"t s2_193\" id=\"tx_193\" style=\"left:65px;bottom:748px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Impairment reversals of $3m were recognised in relation to the US corporate headquarters and arose as a result of contractual agreements </div><div class=\"t s2_193\" id=\"ty_193\" style=\"left:65px;bottom:733px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">to sublease or surrender certain areas for the remainder of the lease term, removing uncertainty over future cash </div><div class=\"t s4_193\" id=\"tz_193\" style=\"left:695px;bottom:733px;letter-spacing:-0.06px;display:inline;\">flows </div><div class=\"t s2_193\" id=\"t10_193\" style=\"left:727px;bottom:733px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">for those areas. </div><div class=\"t s4_193\" id=\"t11_193\" style=\"left:65px;bottom:710px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The recoverable amount was measured at value in use, using a discounted cash flow based on the agreed contractual terms. A pre-tax </div><div class=\"t s2_193\" id=\"t12_193\" style=\"left:65px;bottom:695px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">discount rate of 9.5% was applied. </div><div class=\"t s2_193\" id=\"t13_193\" style=\"left:65px;bottom:672px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">The impairment reversal was substantially all recognised in the System Fund in line with existing principles for cost allocation relating </div><div class=\"t s2_193\" id=\"t14_193\" style=\"left:65px;bottom:657px;letter-spacing:-0.14px;word-spacing:-0.02px;display:inline;\">to this facility. </div><div class=\"t s5_193\" id=\"t15_193\" style=\"left:65px;bottom:634px;word-spacing:-0.15px;display:inline;\">Lease liabilities </div><div class=\"t s2_193\" id=\"t16_193\" style=\"left:65px;bottom:618px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">The majority of the Group\u2019s lease liabilities are discounted at incremental borrowing rates of up to 11%. The rate implicit in the </div><div class=\"t s2_193\" id=\"t17_193\" style=\"left:65px;bottom:603px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">InterContinental Boston lease was 9.7% and was derived from a valuation of the hotel at lease inception in 2006. </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_193\" id=\"t19_193\" style=\"left:739px;bottom:586px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_193\" id=\"t1b_193\" style=\"left:819px;bottom:586px;letter-spacing:0.17px;display:inline;\">2022 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_193\" id=\"t18_193\" style=\"left:65px;bottom:575px;letter-spacing:0.08px;display:inline;\">Currency </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_193\" id=\"t1a_193\" style=\"left:748px;bottom:575px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_193\" id=\"t1c_193\" style=\"left:827px;bottom:575px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t1d_193\" style=\"left:65px;bottom:557px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">US dollars </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_193\" id=\"t1e_193\" style=\"left:743px;bottom:557px;letter-spacing:-0.24px;display:inline;\">357 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t1f_193\" style=\"left:822px;bottom:557px;letter-spacing:-0.1px;display:inline;\">363 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t1g_193\" style=\"left:65px;bottom:538px;letter-spacing:-0.23px;display:inline;\">Sterling </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_193\" id=\"t1h_193\" style=\"left:749px;bottom:538px;letter-spacing:-0.27px;display:inline;\">32 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t1i_193\" style=\"left:831px;bottom:538px;letter-spacing:-0.16px;display:inline;\">31 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t1j_193\" style=\"left:65px;bottom:520px;letter-spacing:-0.27px;display:inline;\">Euros </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_193\" id=\"t1k_193\" style=\"left:755px;bottom:520px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t1l_193\" style=\"left:835px;bottom:520px;display:inline;\">5 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t1m_193\" style=\"left:65px;bottom:501px;letter-spacing:-0.19px;display:inline;\">Other </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_193\" id=\"t1n_193\" style=\"left:748px;bottom:501px;letter-spacing:-0.17px;display:inline;\">33 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t1o_193\" style=\"left:829px;bottom:501px;letter-spacing:-0.28px;display:inline;\">28 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_193\" id=\"t1p_193\" style=\"left:742px;bottom:482px;letter-spacing:-0.27px;display:inline;\">426 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t1q_193\" style=\"left:823px;bottom:482px;letter-spacing:-0.22px;display:inline;\">427 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t1r_193\" style=\"left:65px;bottom:450px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Analysed as: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t1s_193\" style=\"left:73px;bottom:432px;letter-spacing:-0.25px;display:inline;\">Current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_193\" id=\"t1t_193\" style=\"left:748px;bottom:432px;letter-spacing:-0.22px;display:inline;\">30 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t1u_193\" style=\"left:829px;bottom:432px;letter-spacing:-0.26px;display:inline;\">26 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_193\" id=\"t1v_193\" style=\"left:73px;bottom:413px;letter-spacing:-0.19px;display:inline;\">Non-current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_193\" id=\"t1w_193\" style=\"left:741px;bottom:413px;letter-spacing:-0.16px;display:inline;\">396 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t1x_193\" style=\"left:823px;bottom:413px;letter-spacing:-0.12px;display:inline;\">401 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_193\" id=\"t1y_193\" style=\"left:742px;bottom:395px;letter-spacing:-0.27px;display:inline;\">426 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t1z_193\" style=\"left:823px;bottom:395px;letter-spacing:-0.22px;display:inline;\">427 </div></td></tr></table>\n<div class=\"t s2_193\" id=\"t20_193\" style=\"left:65px;bottom:361px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">The maturity analysis of lease liabilities is disclosed in note 24. </div><div class=\"t s4_193\" id=\"t21_193\" style=\"left:65px;bottom:338px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">The Group\u2019s lease liability is not materially sensitive to inflation as $342m (2022: $348m) relates to the InterContinental Boston and the </div><div class=\"t s4_193\" id=\"t22_193\" style=\"left:65px;bottom:323px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">US corporate headquarters, which both include fixed payments and are not subject to inflationary adjustments. </div><div class=\"t s5_193\" id=\"t23_193\" style=\"left:65px;bottom:300px;letter-spacing:0.02px;word-spacing:-0.15px;display:inline;\">Amounts recognised in the Group income statement </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_193\" id=\"t24_193\" style=\"left:660px;bottom:286px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_193\" id=\"t26_193\" style=\"left:740px;bottom:286px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_193\" id=\"t28_193\" style=\"left:821px;bottom:286px;letter-spacing:0.14px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_193\" id=\"t25_193\" style=\"left:669px;bottom:275px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_193\" id=\"t27_193\" style=\"left:748px;bottom:275px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_193\" id=\"t29_193\" style=\"left:827px;bottom:275px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_193\" id=\"t2a_193\" style=\"left:65px;bottom:257px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Depreciation of right-of-use assets </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_193\" id=\"t2b_193\" style=\"left:670px;bottom:257px;letter-spacing:-0.04px;display:inline;\">22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t2c_193\" style=\"left:750px;bottom:257px;letter-spacing:-0.21px;display:inline;\">25 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t2d_193\" style=\"left:830px;bottom:257px;letter-spacing:-0.16px;display:inline;\">27 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_193\" id=\"t2e_193\" style=\"left:65px;bottom:238px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">System Fund depreciation of right-of-use assets </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_193\" id=\"t2f_193\" style=\"left:677px;bottom:238px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t2g_193\" style=\"left:756px;bottom:238px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t2h_193\" style=\"left:835px;bottom:238px;display:inline;\">3 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t2i_193\" style=\"left:65px;bottom:220px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">System Fund impairment reversal </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_193\" id=\"t2j_193\" style=\"left:677px;bottom:220px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t2k_193\" style=\"left:757px;bottom:220px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t2l_193\" style=\"left:832px;bottom:220px;letter-spacing:-0.4px;display:inline;\">(3) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t2m_193\" style=\"left:65px;bottom:201px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Expense relating to variable lease payments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_193\" id=\"t2n_193\" style=\"left:670px;bottom:201px;letter-spacing:-0.23px;display:inline;\">62 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t2o_193\" style=\"left:750px;bottom:201px;letter-spacing:-0.42px;display:inline;\">47 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t2p_193\" style=\"left:831px;bottom:201px;letter-spacing:-0.16px;display:inline;\">31 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_193\" id=\"t2q_193\" style=\"left:65px;bottom:183px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Expense relating to short-term leases and low-value assets </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_193\" id=\"t2r_193\" style=\"left:677px;bottom:183px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t2s_193\" style=\"left:758px;bottom:183px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t2t_193\" style=\"left:837px;bottom:183px;display:inline;\">1 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_193\" id=\"t2u_193\" style=\"left:65px;bottom:164px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Income from operating subleases of right-of-use assets </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_193\" id=\"t2v_193\" style=\"left:673px;bottom:164px;letter-spacing:-0.29px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t2w_193\" style=\"left:755px;bottom:164px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t2x_193\" style=\"left:834px;bottom:164px;letter-spacing:-0.35px;display:inline;\">(1) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_193\" id=\"t2y_193\" style=\"left:65px;bottom:146px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">Recognised in operating profit </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_193\" id=\"t2z_193\" style=\"left:669px;bottom:146px;letter-spacing:-0.19px;display:inline;\">86 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t30_193\" style=\"left:750px;bottom:146px;letter-spacing:-0.13px;display:inline;\">75 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t31_193\" style=\"left:828px;bottom:146px;letter-spacing:-0.19px;display:inline;\">58 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t32_193\" style=\"left:65px;bottom:127px;letter-spacing:-0.21px;word-spacing:-0.13px;display:inline;\">Interest on lease liabilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_193\" id=\"t33_193\" style=\"left:669px;bottom:127px;letter-spacing:-0.12px;display:inline;\">29 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t34_193\" style=\"left:750px;bottom:127px;letter-spacing:-0.17px;display:inline;\">29 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t35_193\" style=\"left:829px;bottom:127px;letter-spacing:-0.17px;display:inline;\">29 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_193\" id=\"t36_193\" style=\"left:65px;bottom:109px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Total recognised in the Group income statement </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_193\" id=\"t37_193\" style=\"left:667px;bottom:109px;letter-spacing:-0.24px;display:inline;\">115 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t38_193\" style=\"left:744px;bottom:109px;letter-spacing:-0.2px;display:inline;\">104 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t39_193\" style=\"left:829px;bottom:109px;letter-spacing:-0.29px;display:inline;\">87 </div></td></tr></table>\n<div class=\"t s6_193\" id=\"t3a_193\" style=\"left:65px;bottom:31px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\"> </div><div class=\"t m0_193 sd_193\" id=\"t3b_193\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t s6_193\" id=\"t3c_193\" style=\"left:827px;bottom:31px;letter-spacing:0.06px;display:inline;\"></div><div></div><div class=\"t s2_194\" id=\"t3_194\" style=\"left:65px;bottom:1100px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">Variable lease payments </div><div class=\"t s3_194\" id=\"t4_194\" style=\"left:65px;bottom:1084px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The UK portfolio leases contain guarantees that the Group will fund any shortfalls in lease payments up to an annual and cumulative cap. </div><div class=\"t s3_194\" id=\"t5_194\" style=\"left:65px;bottom:1069px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">These caps limit the Group\u2019s exposure to trading losses, meaning that rental payments are reduced if insu\ufb00icient cash </div><div class=\"t s4_194\" id=\"t6_194\" style=\"left:722px;bottom:1069px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">flows are generated </div><div class=\"t s4_194\" id=\"t7_194\" style=\"left:65px;bottom:1054px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">by the hotels. Since there is no floor to the rent reduction applicable under these leases, they are treated as </div><div class=\"t s3_194\" id=\"t8_194\" style=\"left:663px;bottom:1054px;letter-spacing:-0.1px;word-spacing:-0.06px;display:inline;\">fully variable. In the event that </div><div class=\"t s3_194\" id=\"t9_194\" style=\"left:65px;bottom:1039px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">rent reductions are not applicable, annual base rental payments stabilise at \u00a334m over the remaining lease term of 20 years. Additional </div><div class=\"t s3_194\" id=\"ta_194\" style=\"left:65px;bottom:1023px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">performance-based rental payments are calculated using hotel revenues and net cash </div><div class=\"t s4_194\" id=\"tb_194\" style=\"left:548px;bottom:1023px;letter-spacing:-0.03px;display:inline;\">flows. </div><div class=\"t s3_194\" id=\"tc_194\" style=\"left:65px;bottom:1000px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">In addition, one German hotel lease under a similar structure is treated as fully variable. One further German hotel lease under a similar </div><div class=\"t s3_194\" id=\"td_194\" style=\"left:65px;bottom:985px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">structure is expected to commence in 2024. </div><div class=\"t s2_194\" id=\"te_194\" style=\"left:65px;bottom:962px;letter-spacing:0.01px;word-spacing:-0.14px;display:inline;\">Amounts recognised in the Group statement of cash </div><div class=\"t s5_194\" id=\"tf_194\" style=\"left:367px;bottom:962px;letter-spacing:-0.04px;display:inline;\">flows </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_194\" id=\"tg_194\" style=\"left:660px;bottom:948px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_194\" id=\"ti_194\" style=\"left:740px;bottom:948px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_194\" id=\"tk_194\" style=\"left:821px;bottom:948px;letter-spacing:0.14px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_194\" id=\"th_194\" style=\"left:669px;bottom:937px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_194\" id=\"tj_194\" style=\"left:748px;bottom:937px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_194\" id=\"tl_194\" style=\"left:827px;bottom:937px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"tm_194\" style=\"left:65px;bottom:919px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Operating activities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"tn_194\" style=\"left:670px;bottom:919px;letter-spacing:-0.19px;display:inline;\">92 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"to_194\" style=\"left:751px;bottom:919px;letter-spacing:-0.21px;display:inline;\">72 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"tp_194\" style=\"left:829px;bottom:919px;letter-spacing:-0.13px;display:inline;\">55 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"tq_194\" style=\"left:65px;bottom:901px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Investing activities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"tr_194\" style=\"left:677px;bottom:901px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"ts_194\" style=\"left:752px;bottom:901px;letter-spacing:-0.38px;display:inline;\">(6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"tt_194\" style=\"left:836px;bottom:901px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"tu_194\" style=\"left:65px;bottom:882px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Financing activities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"tv_194\" style=\"left:670px;bottom:882px;letter-spacing:-0.19px;display:inline;\">28 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"tw_194\" style=\"left:749px;bottom:882px;letter-spacing:-0.12px;display:inline;\">36 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"tx_194\" style=\"left:829px;bottom:882px;letter-spacing:-0.24px;display:inline;\">32 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"ty_194\" style=\"left:65px;bottom:863px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">Net cash paid </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"tz_194\" style=\"left:664px;bottom:863px;letter-spacing:-0.22px;display:inline;\">120 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t10_194\" style=\"left:745px;bottom:863px;letter-spacing:-0.19px;display:inline;\">102 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t11_194\" style=\"left:829px;bottom:863px;letter-spacing:-0.29px;display:inline;\">87 </div></td></tr></table>\n<div class=\"t s0_194\" id=\"t12_194\" style=\"left:65px;bottom:822px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">15. Investment in associates and joint ventures </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_194\" id=\"t13_194\" style=\"left:739px;bottom:808px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_194\" id=\"t15_194\" style=\"left:819px;bottom:808px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_194\" id=\"t14_194\" style=\"left:748px;bottom:797px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_194\" id=\"t16_194\" style=\"left:827px;bottom:797px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"t17_194\" style=\"left:65px;bottom:780px;letter-spacing:-0.15px;display:inline;\">Cost </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t18_194\" style=\"left:65px;bottom:761px;letter-spacing:-0.21px;word-spacing:-0.13px;display:inline;\">At 1 January </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"t19_194\" style=\"left:748px;bottom:761px;letter-spacing:-0.17px;display:inline;\">89 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t1a_194\" style=\"left:825px;bottom:761px;letter-spacing:-0.24px;display:inline;\">132 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t1b_194\" style=\"left:65px;bottom:743px;letter-spacing:-0.23px;display:inline;\">Additions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"t1c_194\" style=\"left:755px;bottom:743px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t1d_194\" style=\"left:837px;bottom:743px;display:inline;\">1 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s8_194\" id=\"t1e_194\" style=\"left:65px;bottom:724px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">Share of pro</div><div class=\"t sa_194\" id=\"t1f_194\" style=\"left:125px;bottom:724px;letter-spacing:-0.19px;display:inline;\">fits/(losses) </div><div class=\"t sb_194\" id=\"t1g_194\" style=\"vertical-align: super;left:182px;bottom:730px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"t1h_194\" style=\"left:751px;bottom:724px;letter-spacing:-0.26px;display:inline;\">13 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t1i_194\" style=\"left:828px;bottom:724px;letter-spacing:-0.43px;display:inline;\">(41) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t1j_194\" style=\"left:65px;bottom:706px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">System Fund share of losses </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"t1k_194\" style=\"left:752px;bottom:706px;letter-spacing:-0.42px;display:inline;\">(3) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t1l_194\" style=\"left:834px;bottom:706px;letter-spacing:-0.35px;display:inline;\">(1) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t1m_194\" style=\"left:65px;bottom:687px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Dividends and distributions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"t1n_194\" style=\"left:754px;bottom:687px;letter-spacing:-0.39px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t1o_194\" style=\"left:834px;bottom:687px;letter-spacing:-0.35px;display:inline;\">(1) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t1p_194\" style=\"left:65px;bottom:668px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"t1q_194\" style=\"left:756px;bottom:668px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t1r_194\" style=\"left:834px;bottom:668px;letter-spacing:-0.35px;display:inline;\">(1) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"t1s_194\" style=\"left:65px;bottom:650px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"t1t_194\" style=\"left:745px;bottom:650px;letter-spacing:-0.19px;display:inline;\">101 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t1u_194\" style=\"left:828px;bottom:650px;letter-spacing:-0.11px;display:inline;\">89 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"t1v_194\" style=\"left:65px;bottom:631px;letter-spacing:-0.21px;display:inline;\">Impairment </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t1w_194\" style=\"left:65px;bottom:613px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">At 1 January </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"t1x_194\" style=\"left:745px;bottom:613px;letter-spacing:-0.3px;display:inline;\">(53) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t1y_194\" style=\"left:825px;bottom:613px;letter-spacing:-0.23px;display:inline;\">(55) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t1z_194\" style=\"left:65px;bottom:594px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Impairment reversal </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"t20_194\" style=\"left:756px;bottom:594px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t21_194\" style=\"left:835px;bottom:594px;display:inline;\">2 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"t22_194\" style=\"left:65px;bottom:576px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"t23_194\" style=\"left:745px;bottom:576px;letter-spacing:-0.3px;display:inline;\">(53) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t24_194\" style=\"left:825px;bottom:576px;letter-spacing:-0.25px;display:inline;\">(53) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"t25_194\" style=\"left:65px;bottom:540px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Net book value </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"t26_194\" style=\"left:748px;bottom:540px;letter-spacing:-0.13px;display:inline;\">48 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t27_194\" style=\"left:828px;bottom:540px;letter-spacing:-0.12px;display:inline;\">36 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t28_194\" style=\"left:65px;bottom:503px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Analysed as: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t29_194\" style=\"left:73px;bottom:484px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Barclay associate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"t2a_194\" style=\"left:755px;bottom:484px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t2b_194\" style=\"left:836px;bottom:484px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t2c_194\" style=\"left:73px;bottom:466px;letter-spacing:-0.19px;word-spacing:-0.17px;display:inline;\">Other associates </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"t2d_194\" style=\"left:748px;bottom:466px;letter-spacing:-0.09px;display:inline;\">43 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t2e_194\" style=\"left:828px;bottom:466px;letter-spacing:-0.12px;display:inline;\">36 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t2f_194\" style=\"left:73px;bottom:447px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Joint ventures </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"t2g_194\" style=\"left:756px;bottom:447px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t2h_194\" style=\"left:836px;bottom:447px;display:inline;\">\u2013 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"t2i_194\" style=\"left:748px;bottom:429px;letter-spacing:-0.13px;display:inline;\">48 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t2j_194\" style=\"left:828px;bottom:429px;letter-spacing:-0.12px;display:inline;\">36 </div></td></tr></table>\n<div class=\"t sc_194\" id=\"t2k_194\" style=\"left:65px;bottom:405px;display:inline;\">a </div><div class=\"t s7_194\" id=\"t2l_194\" style=\"left:74px;bottom:401px;letter-spacing:0.02px;word-spacing:-0.13px;display:inline;\">In 2023 and 2022, the total share of pro</div><div class=\"t sd_194\" id=\"t2m_194\" style=\"left:240px;bottom:401px;letter-spacing:0.05px;display:inline;\">fits/(losses) </div><div class=\"t s7_194\" id=\"t2n_194\" style=\"left:291px;bottom:401px;letter-spacing:0.03px;word-spacing:-0.14px;display:inline;\">from associates and joint ventures in the Group income statement included $18m gain and $18m loss, respectively, due to the </div><div class=\"t s7_194\" id=\"t2o_194\" style=\"left:74px;bottom:390px;letter-spacing:0.03px;word-spacing:-0.14px;display:inline;\">liability recognised in 2022 and its subsequent reversal (see note 6). In 2022, $42m was included within exceptional items in addition to the $18m above. </div><div class=\"t s2_194\" id=\"t2p_194\" style=\"left:65px;bottom:359px;letter-spacing:0.01px;word-spacing:-0.15px;display:inline;\">Barclay associate </div><div class=\"t s4_194\" id=\"t2q_194\" style=\"left:65px;bottom:343px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">The Group held one associate investment which had a significant impact on profit </div><div class=\"t s3_194\" id=\"t2r_194\" style=\"left:523px;bottom:343px;letter-spacing:-0.1px;word-spacing:-0.05px;display:inline;\">for the current and prior year, a 19.9% interest in </div><div class=\"t s3_194\" id=\"t2s_194\" style=\"left:65px;bottom:328px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">111 East 48th Street Holdings, LLC (the \u2018Barclay associate\u2019) which owns InterContinental New York Barclay, a hotel managed by the Group. </div><div class=\"t s4_194\" id=\"t2t_194\" style=\"left:65px;bottom:313px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The investment is classified as an associate and equity accounted. While the Group has the ability to exercise significant influence through </div><div class=\"t s3_194\" id=\"t2u_194\" style=\"left:65px;bottom:297px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">certain decision rights, approval rights relating to the hotel\u2019s operating and capital budgets rest solely with the 80.1% majority member. </div><div class=\"t s3_194\" id=\"t2v_194\" style=\"left:65px;bottom:282px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">The Group\u2019s ability to receive cash dividends is dependent on the hotel generating su\ufb00icient income to satisfy speci</div><div class=\"t s4_194\" id=\"t2w_194\" style=\"left:709px;bottom:282px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">fied owner returns. </div><div class=\"t s3_194\" id=\"t2x_194\" style=\"left:65px;bottom:267px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">$18m was provided in 2021 in relation to settlement of a commercial dispute regarding owner returns during the pandemic. </div><div class=\"t s2_194\" id=\"t2y_194\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t se_194\" id=\"t2z_194\" style=\"left:65px;bottom:31px;letter-spacing:0.04px;display:inline;\"></div><div></div><div class=\"t s2_195\" id=\"t3_195\" style=\"left:65px;bottom:1100px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">Summarised financial in</div><div class=\"t s3_195\" id=\"t4_195\" style=\"left:199px;bottom:1100px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">formation in respect of the Barclay associate is set out below: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_195\" id=\"t5_195\" style=\"left:739px;bottom:1078px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_195\" id=\"t7_195\" style=\"left:819px;bottom:1078px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_195\" id=\"t6_195\" style=\"left:748px;bottom:1067px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_195\" id=\"t8_195\" style=\"left:827px;bottom:1067px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t9_195\" style=\"left:65px;bottom:1049px;letter-spacing:-0.19px;word-spacing:-0.17px;display:inline;\">Non-current assets </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"ta_195\" style=\"left:742px;bottom:1049px;letter-spacing:-0.2px;display:inline;\">462 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"tb_195\" style=\"left:823px;bottom:1049px;letter-spacing:-0.31px;display:inline;\">472 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"tc_195\" style=\"left:65px;bottom:1031px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Current assets </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"td_195\" style=\"left:748px;bottom:1031px;letter-spacing:-0.19px;display:inline;\">86 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"te_195\" style=\"left:828px;bottom:1031px;letter-spacing:-0.08px;display:inline;\">64 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"tf_195\" style=\"left:65px;bottom:1012px;letter-spacing:-0.22px;word-spacing:-0.12px;display:inline;\">Current liabilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"tg_195\" style=\"left:745px;bottom:1012px;letter-spacing:-0.28px;display:inline;\">(23) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"th_195\" style=\"left:825px;bottom:1012px;letter-spacing:-0.29px;display:inline;\">(33) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"ti_195\" style=\"left:65px;bottom:994px;letter-spacing:-0.2px;word-spacing:-0.15px;display:inline;\">Non-current liabilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"tj_195\" style=\"left:739px;bottom:994px;letter-spacing:-0.24px;display:inline;\">(256) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"tk_195\" style=\"left:818px;bottom:994px;letter-spacing:-0.24px;display:inline;\">(250) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"tl_195\" style=\"left:65px;bottom:975px;letter-spacing:-0.17px;word-spacing:-0.19px;display:inline;\">Net assets </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"tm_195\" style=\"left:742px;bottom:975px;letter-spacing:-0.18px;display:inline;\">269 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"tn_195\" style=\"left:823px;bottom:975px;letter-spacing:-0.16px;display:inline;\">253 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_195\" id=\"to_195\" style=\"left:65px;bottom:957px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Group\u2019s share of reported net assets at 19.9% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"tp_195\" style=\"left:749px;bottom:957px;letter-spacing:-0.16px;display:inline;\">53 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"tq_195\" style=\"left:828px;bottom:957px;letter-spacing:-0.24px;display:inline;\">50 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"tr_195\" style=\"left:65px;bottom:938px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Adjustments to reflect impairment, capitalised costs and additional rights and obligations under the shareholder agreement </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"ts_195\" style=\"left:752px;bottom:938px;letter-spacing:-0.41px;display:inline;\">(8) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"tt_195\" style=\"left:832px;bottom:938px;letter-spacing:-0.37px;display:inline;\">(8) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_195\" id=\"tu_195\" style=\"left:65px;bottom:920px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">E\ufb00ect of specially allocated expenses (note 6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"tv_195\" style=\"left:746px;bottom:920px;letter-spacing:-0.41px;display:inline;\">(42) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"tw_195\" style=\"left:826px;bottom:920px;letter-spacing:-0.39px;display:inline;\">(42) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"tx_195\" style=\"left:65px;bottom:901px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">Carrying amount </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"ty_195\" style=\"left:755px;bottom:901px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"tz_195\" style=\"left:836px;bottom:901px;display:inline;\">\u2013 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_195\" id=\"t10_195\" style=\"left:739px;bottom:867px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_195\" id=\"t12_195\" style=\"left:819px;bottom:867px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_195\" id=\"t11_195\" style=\"left:748px;bottom:856px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_195\" id=\"t13_195\" style=\"left:827px;bottom:856px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t14_195\" style=\"left:65px;bottom:838px;letter-spacing:-0.28px;display:inline;\">Revenue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"t15_195\" style=\"left:746px;bottom:838px;letter-spacing:-0.24px;display:inline;\">131 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t16_195\" style=\"left:823px;bottom:838px;letter-spacing:-0.13px;display:inline;\">106 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t17_195\" style=\"left:65px;bottom:820px;letter-spacing:-0.18px;display:inline;\">Profit </div><div class=\"t s8_195\" id=\"t18_195\" style=\"left:94px;bottom:820px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">from continuing operations and total comprehensive income for the year </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"t19_195\" style=\"left:751px;bottom:820px;letter-spacing:-0.18px;display:inline;\">15 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t1a_195\" style=\"left:835px;bottom:820px;display:inline;\">8 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s7_195\" id=\"t1b_195\" style=\"left:65px;bottom:801px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Group\u2019s share of pro</div><div class=\"t s9_195\" id=\"t1c_195\" style=\"left:168px;bottom:801px;letter-spacing:-0.2px;display:inline;\">fit/(loss) </div><div class=\"t s7_195\" id=\"t1d_195\" style=\"left:212px;bottom:801px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">for the year </div><div class=\"t sa_195\" id=\"t1e_195\" style=\"vertical-align: super;left:270px;bottom:807px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"t1f_195\" style=\"left:755px;bottom:801px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t1g_195\" style=\"left:826px;bottom:801px;letter-spacing:-0.39px;display:inline;\">(42) </div></td></tr></table>\n<div class=\"t sb_195\" id=\"t1h_195\" style=\"left:65px;bottom:778px;display:inline;\">a </div><div class=\"t sc_195\" id=\"t1i_195\" style=\"left:74px;bottom:774px;letter-spacing:0.05px;word-spacing:-0.15px;display:inline;\">Includes specially allocated expenses and the cost of funding owner returns. </div><div class=\"t sd_195\" id=\"t1j_195\" style=\"left:65px;bottom:742px;word-spacing:-0.14px;display:inline;\">Other associates and joint ventures </div><div class=\"t s3_195\" id=\"t1k_195\" style=\"left:65px;bottom:726px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">In 2022, impairment reversal of $2m related to an associate in the Americas region and arose due to strong trading conditions in 2022 and </div><div class=\"t s2_195\" id=\"t1l_195\" style=\"left:65px;bottom:711px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">significantly improved industry </div><div class=\"t s3_195\" id=\"t1m_195\" style=\"left:240px;bottom:711px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">forecasts. The recoverable amount was measured at fair value less costs of disposal, using a discounted </div><div class=\"t s2_195\" id=\"t1n_195\" style=\"left:65px;bottom:696px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">cash flow approach that measures the present value o</div><div class=\"t s3_195\" id=\"t1o_195\" style=\"left:366px;bottom:696px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">f projected income </div><div class=\"t s2_195\" id=\"t1p_195\" style=\"left:475px;bottom:696px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">flows (over a 10-year period) and the property sale. The key </div><div class=\"t s3_195\" id=\"t1q_195\" style=\"left:65px;bottom:681px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">assumptions were RevPAR growth (which was in line with the Group forecast detailed in the 2022 Annual Report), discount rate of 9.75% </div><div class=\"t s3_195\" id=\"t1r_195\" style=\"left:65px;bottom:665px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">and terminal capitalisation rate of 7.25%. </div><div class=\"t se_195\" id=\"t1s_195\" style=\"left:65px;bottom:635px;letter-spacing:0.02px;word-spacing:-0.16px;display:inline;\">16. Other financial assets </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_195\" id=\"t1t_195\" style=\"left:739px;bottom:620px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_195\" id=\"t1v_195\" style=\"left:819px;bottom:620px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_195\" id=\"t1u_195\" style=\"left:748px;bottom:610px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_195\" id=\"t1w_195\" style=\"left:827px;bottom:610px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t1x_195\" style=\"left:65px;bottom:592px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Equity securities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"t1y_195\" style=\"left:743px;bottom:592px;letter-spacing:-0.2px;display:inline;\">102 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t1z_195\" style=\"left:823px;bottom:592px;letter-spacing:-0.18px;display:inline;\">103 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_195\" id=\"t20_195\" style=\"left:65px;bottom:573px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Restricted funds: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_195\" id=\"t21_195\" style=\"left:73px;bottom:555px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Ring-fenced amounts to satisfy insurance claims: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t22_195\" style=\"left:82px;bottom:536px;letter-spacing:-0.17px;display:inline;\">Cash </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"t23_195\" style=\"left:756px;bottom:536px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t24_195\" style=\"left:835px;bottom:536px;display:inline;\">2 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_195\" id=\"t25_195\" style=\"left:82px;bottom:518px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">Money market funds </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"t26_195\" style=\"left:750px;bottom:518px;letter-spacing:-0.36px;display:inline;\">14 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t27_195\" style=\"left:835px;bottom:518px;display:inline;\">3 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t28_195\" style=\"left:73px;bottom:499px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">Bank accounts pledged as security </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"t29_195\" style=\"left:749px;bottom:499px;letter-spacing:-0.27px;display:inline;\">32 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t2a_195\" style=\"left:828px;bottom:499px;letter-spacing:-0.13px;display:inline;\">39 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t2b_195\" style=\"left:73px;bottom:481px;letter-spacing:-0.19px;display:inline;\">Other </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"t2c_195\" style=\"left:756px;bottom:481px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t2d_195\" style=\"left:837px;bottom:481px;display:inline;\">1 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"t2e_195\" style=\"left:748px;bottom:462px;letter-spacing:-0.26px;display:inline;\">50 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t2f_195\" style=\"left:828px;bottom:462px;letter-spacing:0.01px;display:inline;\">45 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t2g_195\" style=\"left:65px;bottom:444px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Trade deposits and loans </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"t2h_195\" style=\"left:747px;bottom:444px;letter-spacing:-0.19px;display:inline;\">40 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t2i_195\" style=\"left:835px;bottom:444px;display:inline;\">8 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"t2j_195\" style=\"left:744px;bottom:425px;letter-spacing:-0.18px;display:inline;\">192 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t2k_195\" style=\"left:824px;bottom:425px;letter-spacing:-0.18px;display:inline;\">156 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t2l_195\" style=\"left:65px;bottom:389px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Analysed as: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t2m_195\" style=\"left:73px;bottom:371px;letter-spacing:-0.25px;display:inline;\">Current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"t2n_195\" style=\"left:756px;bottom:371px;display:inline;\">7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t2o_195\" style=\"left:836px;bottom:371px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t2p_195\" style=\"left:73px;bottom:352px;letter-spacing:-0.19px;display:inline;\">Non-current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"t2q_195\" style=\"left:744px;bottom:352px;letter-spacing:-0.16px;display:inline;\">185 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t2r_195\" style=\"left:824px;bottom:352px;letter-spacing:-0.18px;display:inline;\">156 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"t2s_195\" style=\"left:744px;bottom:332px;letter-spacing:-0.18px;display:inline;\">192 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t2t_195\" style=\"left:824px;bottom:332px;letter-spacing:-0.18px;display:inline;\">156 </div></td></tr></table>\n<div class=\"t sd_195\" id=\"t2u_195\" style=\"left:65px;bottom:299px;word-spacing:-0.14px;display:inline;\">Equity securities </div><div class=\"t s3_195\" id=\"t2v_195\" style=\"left:65px;bottom:284px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">The methodology to calculate fair value and the sensitivities to the relevant signi</div><div class=\"t s2_195\" id=\"t2w_195\" style=\"left:510px;bottom:284px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">ficant unobservable inputs are detailed in note 25. </div><div class=\"t s2_195\" id=\"t2x_195\" style=\"left:65px;bottom:268px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The most significant investments are as </div><div class=\"t s3_195\" id=\"t2y_195\" style=\"left:287px;bottom:268px;letter-spacing:-0.1px;display:inline;\">follows: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_195\" id=\"t2z_195\" style=\"left:659px;bottom:253px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_195\" id=\"t30_195\" style=\"left:818px;bottom:253px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_195\" id=\"t33_195\" style=\"left:642px;bottom:237px;letter-spacing:0.11px;display:inline;\">Dividend </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_195\" id=\"t38_195\" style=\"left:802px;bottom:237px;letter-spacing:0.1px;display:inline;\">Dividend </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_195\" id=\"t31_195\" style=\"left:561px;bottom:226px;word-spacing:-0.12px;display:inline;\">Fair value </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_195\" id=\"t34_195\" style=\"left:649px;bottom:226px;letter-spacing:0.13px;display:inline;\">income </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_195\" id=\"t36_195\" style=\"left:721px;bottom:226px;letter-spacing:-0.02px;word-spacing:-0.1px;display:inline;\">Fair value </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_195\" id=\"t39_195\" style=\"left:808px;bottom:226px;letter-spacing:0.11px;display:inline;\">income </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_195\" id=\"t32_195\" style=\"left:588px;bottom:215px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_195\" id=\"t35_195\" style=\"left:668px;bottom:215px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_195\" id=\"t37_195\" style=\"left:747px;bottom:215px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_195\" id=\"t3a_195\" style=\"left:826px;bottom:215px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t3b_195\" style=\"left:65px;bottom:198px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Investment in entity which owns: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t3c_195\" style=\"left:73px;bottom:179px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">InterContinental The Willard Washington DC </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"t3d_195\" style=\"left:590px;bottom:179px;letter-spacing:-0.17px;display:inline;\">27 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"t3e_195\" style=\"left:677px;bottom:179px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t3f_195\" style=\"left:750px;bottom:179px;letter-spacing:-0.16px;display:inline;\">27 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t3g_195\" style=\"left:835px;bottom:179px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_195\" id=\"t3h_195\" style=\"left:73px;bottom:161px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">InterContinental Grand Stanford Hong Kong </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"t3i_195\" style=\"left:590px;bottom:161px;letter-spacing:-0.26px;display:inline;\">37 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"t3j_195\" style=\"left:676px;bottom:161px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t3k_195\" style=\"left:748px;bottom:161px;letter-spacing:-0.09px;display:inline;\">35 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t3l_195\" style=\"left:835px;bottom:161px;display:inline;\">\u2013 </div></td></tr></table>\n<div class=\"t sf_195\" id=\"t3m_195\" style=\"left:65px;bottom:31px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\"></div><div class=\"t m0_195 sg_195\" id=\"t3n_195\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t sf_195\" id=\"t3o_195\" style=\"left:825px;bottom:31px;letter-spacing:0.04px;display:inline;\"></div><div></div><div class=\"t s2_196\" id=\"t3_196\" style=\"left:65px;bottom:1100px;word-spacing:-0.14px;display:inline;\">Restricted funds </div><div class=\"t s3_196\" id=\"t4_196\" style=\"left:65px;bottom:1084px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">Amounts ring-fenced to satisfy insurance claims are principally held in the Group\u2019s Captive, which is a regulated entity. </div><div class=\"t s3_196\" id=\"t5_196\" style=\"left:65px;bottom:1061px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The bank accounts pledged as security are subject to a charge in favour of the members of the UK unfunded pension arrangement (see </div><div class=\"t s3_196\" id=\"t6_196\" style=\"left:65px;bottom:1046px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">note 27). The amounts pledged as security were reduced in the year with the trustees\u2019 agreement, based on updated actuarial valuations. </div><div class=\"t s3_196\" id=\"t7_196\" style=\"left:65px;bottom:1031px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">The bank accounts will continue to be pledged as security until the date at which the UK unfunded pension liabilities have been fully </div><div class=\"t s3_196\" id=\"t8_196\" style=\"left:65px;bottom:1016px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">discharged, unless otherwise agreed with the trustees and amounts pledged may change in future years. </div><div class=\"t s4_196\" id=\"t9_196\" style=\"left:65px;bottom:993px;letter-spacing:0.04px;word-spacing:-0.18px;display:inline;\">Expected credit losses </div><div class=\"t s5_196\" id=\"ta_196\" style=\"left:65px;bottom:977px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Other financial assets with a net value o</div><div class=\"t s3_196\" id=\"tb_196\" style=\"left:285px;bottom:977px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">f $68m (2022: $50m) are subject to the expected credit loss model requirements of IFRS 9. </div><div class=\"t s3_196\" id=\"tc_196\" style=\"left:65px;bottom:962px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Equity securities, money market funds and other amounts measured at fair value are excluded. The gross value of trade deposits and loans </div><div class=\"t s3_196\" id=\"td_196\" style=\"left:65px;bottom:947px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">that were subject to the expected credit loss requirements is $40m with credit loss allowances of $9m (2022: $20m gross, $12m allowance). </div><div class=\"t s3_196\" id=\"te_196\" style=\"left:65px;bottom:932px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Other expected credit losses are considered to be immaterial. </div><div class=\"t s4_196\" id=\"tf_196\" style=\"left:65px;bottom:909px;letter-spacing:-0.01px;word-spacing:-0.14px;display:inline;\">Credit risk </div><div class=\"t s3_196\" id=\"tg_196\" style=\"left:65px;bottom:893px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Restricted funds are held with bank counterparties which are rated at least A+ based on S&amp;P\u2019s ratings. </div><div class=\"t s3_196\" id=\"th_196\" style=\"left:65px;bottom:871px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">The maximum exposure to credit risk of other </div><div class=\"t s5_196\" id=\"ti_196\" style=\"left:321px;bottom:871px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">financial assets at the end o</div><div class=\"t s3_196\" id=\"tj_196\" style=\"left:475px;bottom:871px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">f the reporting period by geographic region is as follows: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_196\" id=\"tk_196\" style=\"left:752px;bottom:849px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_196\" id=\"tm_196\" style=\"left:819px;bottom:849px;letter-spacing:0.17px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_196\" id=\"tl_196\" style=\"left:761px;bottom:838px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_196\" id=\"tn_196\" style=\"left:827px;bottom:838px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"to_196\" style=\"left:65px;bottom:820px;letter-spacing:-0.2px;display:inline;\">Americas </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"tp_196\" style=\"left:761px;bottom:820px;letter-spacing:-0.15px;display:inline;\">99 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"tq_196\" style=\"left:828px;bottom:820px;letter-spacing:-0.11px;display:inline;\">54 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"tr_196\" style=\"left:65px;bottom:802px;letter-spacing:-0.1px;display:inline;\">EMEAA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"ts_196\" style=\"left:761px;bottom:802px;letter-spacing:-0.23px;display:inline;\">56 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"tt_196\" style=\"left:829px;bottom:802px;letter-spacing:-0.21px;display:inline;\">62 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"tu_196\" style=\"left:65px;bottom:783px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Greater China </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"tv_196\" style=\"left:762px;bottom:783px;letter-spacing:-0.26px;display:inline;\">37 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"tw_196\" style=\"left:827px;bottom:783px;letter-spacing:-0.14px;display:inline;\">40 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"tx_196\" style=\"left:757px;bottom:765px;letter-spacing:-0.18px;display:inline;\">192 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"ty_196\" style=\"left:824px;bottom:765px;letter-spacing:-0.18px;display:inline;\">156 </div></td></tr></table>\n<div class=\"t s0_196\" id=\"tz_196\" style=\"left:65px;bottom:723px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">17. Trade and other receivables </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_196\" id=\"t10_196\" style=\"left:752px;bottom:709px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_196\" id=\"t12_196\" style=\"left:819px;bottom:709px;letter-spacing:0.17px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_196\" id=\"t11_196\" style=\"left:761px;bottom:698px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_196\" id=\"t13_196\" style=\"left:827px;bottom:698px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t14_196\" style=\"left:65px;bottom:681px;letter-spacing:-0.22px;display:inline;\">Current </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t15_196\" style=\"left:65px;bottom:662px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Trade receivables </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t16_196\" style=\"left:754px;bottom:662px;letter-spacing:-0.22px;display:inline;\">580 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t17_196\" style=\"left:821px;bottom:662px;letter-spacing:-0.13px;display:inline;\">493 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t18_196\" style=\"left:65px;bottom:644px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">Other receivables </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t19_196\" style=\"left:761px;bottom:644px;letter-spacing:-0.17px;display:inline;\">68 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t1a_196\" style=\"left:828px;bottom:644px;letter-spacing:-0.08px;display:inline;\">49 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t1b_196\" style=\"left:65px;bottom:625px;letter-spacing:-0.25px;display:inline;\">Prepayments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t1c_196\" style=\"left:762px;bottom:625px;letter-spacing:-0.19px;display:inline;\">92 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t1d_196\" style=\"left:823px;bottom:625px;letter-spacing:-0.2px;display:inline;\">104 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t1e_196\" style=\"left:755px;bottom:605px;letter-spacing:-0.49px;display:inline;\">740 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t1f_196\" style=\"left:821px;bottom:605px;letter-spacing:-0.1px;display:inline;\">646 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t1g_196\" style=\"left:65px;bottom:575px;letter-spacing:-0.18px;display:inline;\">Non-current </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t1h_196\" style=\"left:65px;bottom:556px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">Finance lease receivables </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t1i_196\" style=\"left:768px;bottom:556px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t1j_196\" style=\"left:835px;bottom:556px;display:inline;\">2 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t1k_196\" style=\"left:65px;bottom:538px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">Other receivables </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t1l_196\" style=\"left:768px;bottom:538px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t1m_196\" style=\"left:837px;bottom:538px;display:inline;\">1 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t1n_196\" style=\"left:65px;bottom:519px;letter-spacing:-0.25px;display:inline;\">Prepayments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t1o_196\" style=\"left:768px;bottom:519px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t1p_196\" style=\"left:836px;bottom:519px;display:inline;\">\u2013 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t1q_196\" style=\"left:764px;bottom:501px;letter-spacing:-0.26px;display:inline;\">13 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t1r_196\" style=\"left:835px;bottom:501px;display:inline;\">3 </div></td></tr></table>\n<div class=\"t s4_196\" id=\"t1s_196\" style=\"left:65px;bottom:460px;letter-spacing:0.04px;word-spacing:-0.18px;display:inline;\">Expected credit losses </div><div class=\"t s3_196\" id=\"t1t_196\" style=\"left:65px;bottom:444px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The ageing of trade receivables shown below re</div><div class=\"t s5_196\" id=\"t1u_196\" style=\"left:331px;bottom:444px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">flects the initial terms under the invoice rather than the revised terms where payment </div><div class=\"t s5_196\" id=\"t1v_196\" style=\"left:65px;bottom:429px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">flexibility has been provided to owners. The net balances presented in the table below could result in additional credit losses i</div><div class=\"t s3_196\" id=\"t1w_196\" style=\"left:763px;bottom:429px;letter-spacing:-0.13px;word-spacing:-0.02px;display:inline;\">f they are </div><div class=\"t s3_196\" id=\"t1x_196\" style=\"left:65px;bottom:414px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">ultimately found to be uncollectable. Expected credit losses relating to other receivables following their initial recognition are immaterial. </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_196\" id=\"t1y_196\" style=\"left:620px;bottom:391px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_196\" id=\"t1z_196\" style=\"left:819px;bottom:391px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_196\" id=\"t22_196\" style=\"left:530px;bottom:374px;letter-spacing:0.08px;word-spacing:-0.2px;display:inline;\">Credit loss </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_196\" id=\"t29_196\" style=\"left:729px;bottom:374px;letter-spacing:0.06px;word-spacing:-0.17px;display:inline;\">Credit loss </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_196\" id=\"t20_196\" style=\"left:485px;bottom:364px;letter-spacing:0.15px;display:inline;\">Gross </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_196\" id=\"t23_196\" style=\"left:532px;bottom:364px;letter-spacing:0.08px;display:inline;\">allowance </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_196\" id=\"t25_196\" style=\"left:627px;bottom:364px;letter-spacing:0.12px;display:inline;\">Net </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_196\" id=\"t27_196\" style=\"left:684px;bottom:364px;letter-spacing:0.11px;display:inline;\">Gross </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_196\" id=\"t2a_196\" style=\"left:732px;bottom:364px;letter-spacing:0.06px;display:inline;\">allowance </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_196\" id=\"t2c_196\" style=\"left:826px;bottom:364px;letter-spacing:0.13px;display:inline;\">Net </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_196\" id=\"t21_196\" style=\"left:496px;bottom:353px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_196\" id=\"t24_196\" style=\"left:562px;bottom:353px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_196\" id=\"t26_196\" style=\"left:629px;bottom:353px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_196\" id=\"t28_196\" style=\"left:695px;bottom:353px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_196\" id=\"t2b_196\" style=\"left:761px;bottom:353px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_196\" id=\"t2d_196\" style=\"left:827px;bottom:353px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t2e_196\" style=\"left:65px;bottom:335px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Not past due </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t2f_196\" style=\"left:490px;bottom:335px;letter-spacing:-0.14px;display:inline;\">354 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t2g_196\" style=\"left:569px;bottom:335px;letter-spacing:-0.39px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t2h_196\" style=\"left:623px;bottom:335px;letter-spacing:-0.15px;display:inline;\">353 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t2i_196\" style=\"left:690px;bottom:335px;letter-spacing:-0.28px;display:inline;\">307 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t2j_196\" style=\"left:768px;bottom:335px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t2k_196\" style=\"left:821px;bottom:335px;letter-spacing:-0.11px;display:inline;\">306 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t2l_196\" style=\"left:65px;bottom:317px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">Past due 1 to 30 days </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t2m_196\" style=\"left:497px;bottom:317px;letter-spacing:-0.16px;display:inline;\">88 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t2n_196\" style=\"left:567px;bottom:317px;letter-spacing:-0.37px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t2o_196\" style=\"left:629px;bottom:317px;letter-spacing:-0.15px;display:inline;\">83 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t2p_196\" style=\"left:697px;bottom:317px;letter-spacing:-0.41px;display:inline;\">76 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t2q_196\" style=\"left:766px;bottom:317px;letter-spacing:0.03px;display:inline;\">(7) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t2r_196\" style=\"left:828px;bottom:317px;letter-spacing:-0.1px;display:inline;\">69 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t2s_196\" style=\"left:65px;bottom:298px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Past due 31 to 90 days </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t2t_196\" style=\"left:497px;bottom:298px;letter-spacing:-0.17px;display:inline;\">69 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t2u_196\" style=\"left:567px;bottom:298px;letter-spacing:-0.4px;display:inline;\">(6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t2v_196\" style=\"left:629px;bottom:298px;letter-spacing:-0.15px;display:inline;\">63 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t2w_196\" style=\"left:697px;bottom:298px;letter-spacing:-0.24px;display:inline;\">57 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t2x_196\" style=\"left:765px;bottom:298px;letter-spacing:-0.38px;display:inline;\">(6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t2y_196\" style=\"left:831px;bottom:298px;letter-spacing:-0.36px;display:inline;\">51 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t2z_196\" style=\"left:65px;bottom:280px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Past due 91 to 180 days </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t30_196\" style=\"left:500px;bottom:280px;letter-spacing:-0.35px;display:inline;\">51 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t31_196\" style=\"left:567px;bottom:280px;letter-spacing:-0.41px;display:inline;\">(8) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t32_196\" style=\"left:629px;bottom:280px;letter-spacing:-0.09px;display:inline;\">43 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t33_196\" style=\"left:696px;bottom:280px;letter-spacing:-0.1px;display:inline;\">46 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t34_196\" style=\"left:765px;bottom:280px;letter-spacing:-0.36px;display:inline;\">(9) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t35_196\" style=\"left:829px;bottom:280px;letter-spacing:-0.29px;display:inline;\">37 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t36_196\" style=\"left:65px;bottom:261px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Past due 181 to 360 days </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t37_196\" style=\"left:497px;bottom:261px;letter-spacing:-0.16px;display:inline;\">38 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t38_196\" style=\"left:564px;bottom:261px;letter-spacing:-0.36px;display:inline;\">(11) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t39_196\" style=\"left:630px;bottom:261px;letter-spacing:-0.17px;display:inline;\">27 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t3a_196\" style=\"left:696px;bottom:261px;letter-spacing:-0.1px;display:inline;\">34 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t3b_196\" style=\"left:764px;bottom:261px;letter-spacing:-0.33px;display:inline;\">(11) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t3c_196\" style=\"left:829px;bottom:261px;letter-spacing:-0.24px;display:inline;\">23 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t3d_196\" style=\"left:65px;bottom:243px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">Past due more than 361 days </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t3e_196\" style=\"left:497px;bottom:243px;letter-spacing:-0.19px;display:inline;\">86 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t3f_196\" style=\"left:561px;bottom:243px;letter-spacing:-0.23px;display:inline;\">(75) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t3g_196\" style=\"left:634px;bottom:243px;letter-spacing:-0.3px;display:inline;\">11 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t3h_196\" style=\"left:695px;bottom:243px;letter-spacing:-0.07px;display:inline;\">90 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t3i_196\" style=\"left:759px;bottom:243px;letter-spacing:-0.28px;display:inline;\">(83) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t3j_196\" style=\"left:836px;bottom:243px;display:inline;\">7 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t3k_196\" style=\"left:490px;bottom:224px;letter-spacing:-0.18px;display:inline;\">686 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t3l_196\" style=\"left:554px;bottom:224px;letter-spacing:-0.28px;display:inline;\">(106) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t3m_196\" style=\"left:622px;bottom:224px;letter-spacing:-0.22px;display:inline;\">580 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t3n_196\" style=\"left:691px;bottom:224px;letter-spacing:-0.17px;display:inline;\">610 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t3o_196\" style=\"left:758px;bottom:224px;letter-spacing:-0.21px;display:inline;\">(117) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t3p_196\" style=\"left:821px;bottom:224px;letter-spacing:-0.13px;display:inline;\">493 </div></td></tr></table>\n<div class=\"t s4_196\" id=\"t3q_196\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t sa_196\" id=\"t3r_196\" style=\"left:65px;bottom:31px;letter-spacing:0.02px;display:inline;\"></div><div></div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_197\" id=\"t4_197\" style=\"left:752px;bottom:1101px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_197\" id=\"t6_197\" style=\"left:819px;bottom:1101px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_197\" id=\"t3_197\" style=\"left:65px;bottom:1090px;letter-spacing:0.06px;word-spacing:-0.16px;display:inline;\">Movement in the allowance for expected credit losses </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_197\" id=\"t5_197\" style=\"left:761px;bottom:1090px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_197\" id=\"t7_197\" style=\"left:827px;bottom:1090px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t8_197\" style=\"left:65px;bottom:1072px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">At 1 January </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"t9_197\" style=\"left:756px;bottom:1072px;letter-spacing:-0.26px;display:inline;\">(117) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"ta_197\" style=\"left:821px;bottom:1072px;letter-spacing:-0.25px;display:inline;\">(133) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"tb_197\" style=\"left:65px;bottom:1054px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Reclassification to other receivables </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"tc_197\" style=\"left:769px;bottom:1054px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"td_197\" style=\"left:835px;bottom:1054px;display:inline;\">9 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"te_197\" style=\"left:65px;bottom:1035px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Impairment reversal/(loss) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"tf_197\" style=\"left:770px;bottom:1035px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"tg_197\" style=\"left:832px;bottom:1035px;letter-spacing:-0.29px;display:inline;\">(5) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"th_197\" style=\"left:65px;bottom:1017px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">System Fund impairment loss </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"ti_197\" style=\"left:769px;bottom:1017px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"tj_197\" style=\"left:832px;bottom:1017px;letter-spacing:0.03px;display:inline;\">(7) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"tk_197\" style=\"left:65px;bottom:998px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Amounts written o\ufb00 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"tl_197\" style=\"left:768px;bottom:998px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"tm_197\" style=\"left:832px;bottom:998px;letter-spacing:-0.32px;display:inline;\">17 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"tn_197\" style=\"left:65px;bottom:980px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"to_197\" style=\"left:770px;bottom:980px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"tp_197\" style=\"left:835px;bottom:980px;display:inline;\">2 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"tq_197\" style=\"left:65px;bottom:961px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"tr_197\" style=\"left:752px;bottom:961px;letter-spacing:-0.28px;display:inline;\">(106) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"ts_197\" style=\"left:824px;bottom:961px;letter-spacing:-0.21px;display:inline;\">(117) </div></td></tr></table>\n<div class=\"t s7_197\" id=\"tt_197\" style=\"left:65px;bottom:928px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">If the regional provision matrix was applied to all owner groups (rather than by reference to other sources of data), the provision would </div><div class=\"t s8_197\" id=\"tu_197\" style=\"left:65px;bottom:912px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">reduce by $13m (2022: $15m). </div><div class=\"t s9_197\" id=\"tv_197\" style=\"left:65px;bottom:889px;letter-spacing:-0.01px;word-spacing:-0.14px;display:inline;\">Credit risk </div><div class=\"t s8_197\" id=\"tw_197\" style=\"left:65px;bottom:874px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">The Group trades only with recognised, creditworthy third parties. It is the Group\u2019s policy that all customers who wish to trade on credit </div><div class=\"t s8_197\" id=\"tx_197\" style=\"left:65px;bottom:859px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">terms are subject to credit verification procedures. The maximum exposure to credit risk </div><div class=\"t s7_197\" id=\"ty_197\" style=\"left:560px;bottom:859px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">for trade and other receivables, excluding </div><div class=\"t s7_197\" id=\"tz_197\" style=\"left:65px;bottom:844px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">prepayments, at the end of the reporting period by geographic region is as follows: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_197\" id=\"t10_197\" style=\"left:752px;bottom:822px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_197\" id=\"t12_197\" style=\"left:819px;bottom:822px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_197\" id=\"t11_197\" style=\"left:761px;bottom:811px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_197\" id=\"t13_197\" style=\"left:827px;bottom:811px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t14_197\" style=\"left:65px;bottom:793px;letter-spacing:-0.2px;display:inline;\">Americas </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"t15_197\" style=\"left:755px;bottom:793px;letter-spacing:-0.19px;display:inline;\">359 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t16_197\" style=\"left:825px;bottom:793px;letter-spacing:-0.13px;display:inline;\">321 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t17_197\" style=\"left:65px;bottom:775px;letter-spacing:-0.1px;display:inline;\">EMEAA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"t18_197\" style=\"left:756px;bottom:775px;letter-spacing:-0.16px;display:inline;\">199 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t19_197\" style=\"left:825px;bottom:775px;letter-spacing:-0.28px;display:inline;\">152 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t1a_197\" style=\"left:65px;bottom:756px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Greater China </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"t1b_197\" style=\"left:761px;bottom:756px;letter-spacing:-0.15px;display:inline;\">99 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t1c_197\" style=\"left:830px;bottom:756px;letter-spacing:-0.21px;display:inline;\">72 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"t1d_197\" style=\"left:755px;bottom:738px;letter-spacing:-0.23px;display:inline;\">657 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t1e_197\" style=\"left:822px;bottom:738px;letter-spacing:-0.05px;display:inline;\">545 </div></td></tr></table>\n<div class=\"t s0_197\" id=\"t1f_197\" style=\"left:65px;bottom:697px;letter-spacing:0.01px;word-spacing:-0.15px;display:inline;\">18. Cash and cash equivalents </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_197\" id=\"t1g_197\" style=\"left:752px;bottom:682px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_197\" id=\"t1i_197\" style=\"left:819px;bottom:682px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_197\" id=\"t1h_197\" style=\"left:761px;bottom:671px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_197\" id=\"t1j_197\" style=\"left:827px;bottom:671px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t1k_197\" style=\"left:65px;bottom:654px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Cash at bank and in hand </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"t1l_197\" style=\"left:758px;bottom:654px;letter-spacing:-0.33px;display:inline;\">179 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t1m_197\" style=\"left:824px;bottom:654px;letter-spacing:-0.13px;display:inline;\">165 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t1n_197\" style=\"left:65px;bottom:635px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Short-term deposits </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"t1o_197\" style=\"left:755px;bottom:635px;letter-spacing:-0.21px;display:inline;\">632 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t1p_197\" style=\"left:824px;bottom:635px;letter-spacing:-0.15px;display:inline;\">421 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_197\" id=\"t1q_197\" style=\"left:65px;bottom:617px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">Money market funds </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"t1r_197\" style=\"left:756px;bottom:617px;letter-spacing:-0.24px;display:inline;\">375 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t1s_197\" style=\"left:821px;bottom:617px;letter-spacing:-0.13px;display:inline;\">360 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t1t_197\" style=\"left:65px;bottom:598px;letter-spacing:-0.23px;word-spacing:-0.15px;display:inline;\">Repurchase agreements </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"t1u_197\" style=\"left:757px;bottom:598px;letter-spacing:-0.23px;display:inline;\">136 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t1v_197\" style=\"left:827px;bottom:598px;letter-spacing:-0.16px;display:inline;\">30 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"t1w_197\" style=\"left:65px;bottom:580px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">Cash and cash equivalents as recorded in the Group statement of </div> <div class=\"t sb_197\" id=\"t1x_197\" style=\"left:396px;bottom:580px;letter-spacing:-0.17px;word-spacing:-0.18px;display:inline;\">financial position </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"t1y_197\" style=\"left:748px;bottom:580px;letter-spacing:-0.18px;display:inline;\">1,322 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t1z_197\" style=\"left:823px;bottom:580px;letter-spacing:-0.37px;display:inline;\">976 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_197\" id=\"t20_197\" style=\"left:65px;bottom:561px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Bank overdrafts </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"t21_197\" style=\"left:758px;bottom:561px;letter-spacing:-0.35px;display:inline;\">(44) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t22_197\" style=\"left:825px;bottom:561px;letter-spacing:-0.23px;display:inline;\">(55) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"t23_197\" style=\"left:65px;bottom:543px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">Cash and cash equivalents as recorded in the Group statement of cash </div> <div class=\"t sb_197\" id=\"t24_197\" style=\"left:423px;bottom:543px;letter-spacing:-0.24px;display:inline;\">flows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"t25_197\" style=\"left:748px;bottom:543px;letter-spacing:-0.22px;display:inline;\">1,278 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t26_197\" style=\"left:824px;bottom:543px;letter-spacing:-0.09px;display:inline;\">921 </div></td></tr></table>\n<div class=\"t s7_197\" id=\"t27_197\" style=\"left:65px;bottom:509px;letter-spacing:-0.1px;word-spacing:-0.1px;display:inline;\">Cash at bank and in hand includes bank balances of $51m (2022: $86m) which are matched by bank overdrafts of $44m (2022: $55m) under </div><div class=\"t s7_197\" id=\"t28_197\" style=\"left:65px;bottom:494px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">the Group\u2019s cash pooling arrangements. Under these arrangements, each pool contains a number of bank accounts with the same </div><div class=\"t s8_197\" id=\"t29_197\" style=\"left:793px;bottom:494px;letter-spacing:-0.03px;display:inline;\">financial </div><div class=\"t s7_197\" id=\"t2a_197\" style=\"left:65px;bottom:479px;letter-spacing:-0.11px;word-spacing:-0.09px;display:inline;\">institution and the Group pays interest on net overdraft balances within each pool. The cash pools are used for day-to-day cash management </div><div class=\"t s7_197\" id=\"t2b_197\" style=\"left:65px;bottom:463px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">purposes and are managed as closely as possible to a zero balance on a net basis for each pool. Overseas subsidiaries are typically in a </div><div class=\"t s7_197\" id=\"t2c_197\" style=\"left:65px;bottom:448px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">cash-positive position with the matching overdrafts held by the Group\u2019s central treasury company in the UK. Accordingly, bank overdrafts </div><div class=\"t s7_197\" id=\"t2d_197\" style=\"left:65px;bottom:433px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">are included within cash and cash equivalents for the purposes of the cash </div><div class=\"t s8_197\" id=\"t2e_197\" style=\"left:483px;bottom:433px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">flow statement. </div><div class=\"t s9_197\" id=\"t2f_197\" style=\"left:65px;bottom:410px;word-spacing:-0.14px;display:inline;\">Cash and cash equivalents with restrictions on use </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_197\" id=\"t2g_197\" style=\"left:752px;bottom:396px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_197\" id=\"t2i_197\" style=\"left:819px;bottom:396px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_197\" id=\"t2h_197\" style=\"left:761px;bottom:385px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_197\" id=\"t2j_197\" style=\"left:827px;bottom:385px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t2k_197\" style=\"left:65px;bottom:367px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Countries with restrictions on repatriation </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"t2l_197\" style=\"left:760px;bottom:367px;letter-spacing:-0.22px;display:inline;\">30 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t2m_197\" style=\"left:829px;bottom:367px;letter-spacing:-0.38px;display:inline;\">24 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t2n_197\" style=\"left:65px;bottom:349px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Capital expenditure under lease agreements </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"t2o_197\" style=\"left:763px;bottom:349px;letter-spacing:-0.36px;display:inline;\">14 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t2p_197\" style=\"left:833px;bottom:349px;letter-spacing:-0.3px;display:inline;\">11 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t2q_197\" style=\"left:65px;bottom:330px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Other restrictions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"t2r_197\" style=\"left:764px;bottom:330px;letter-spacing:-0.25px;display:inline;\">12 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t2s_197\" style=\"left:831px;bottom:330px;letter-spacing:-0.26px;display:inline;\">12 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"t2t_197\" style=\"left:761px;bottom:311px;letter-spacing:-0.23px;display:inline;\">56 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t2u_197\" style=\"left:829px;bottom:311px;letter-spacing:-0.42px;display:inline;\">47 </div></td></tr></table>\n<div class=\"t s7_197\" id=\"t2v_197\" style=\"left:65px;bottom:278px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Details of the credit risk on cash and cash equivalents is included in note 24. </div><div class=\"t sc_197\" id=\"t2w_197\" style=\"left:65px;bottom:31px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\"></div><div class=\"t m0_197 sd_197\" id=\"t2x_197\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t sc_197\" id=\"t2y_197\" style=\"left:825px;bottom:31px;letter-spacing:0.09px;display:inline;\"></div><div></div><div class=\"t s0_198\" id=\"t1_198\" style=\"left:65px;bottom:1115px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">19. Trade and other payables </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_198\" id=\"t2_198\" style=\"left:752px;bottom:1101px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_198\" id=\"t4_198\" style=\"left:819px;bottom:1101px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_198\" id=\"t3_198\" style=\"left:761px;bottom:1090px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_198\" id=\"t5_198\" style=\"left:827px;bottom:1090px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t6_198\" style=\"left:65px;bottom:1072px;letter-spacing:-0.22px;display:inline;\">Current </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"t7_198\" style=\"left:65px;bottom:1054px;letter-spacing:-0.29px;word-spacing:-0.08px;display:inline;\">Trade payables </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t8_198\" style=\"left:758px;bottom:1054px;letter-spacing:-0.2px;display:inline;\">127 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"t9_198\" style=\"left:825px;bottom:1054px;letter-spacing:-0.28px;display:inline;\">152 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"ta_198\" style=\"left:65px;bottom:1035px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Other tax and social security payables </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"tb_198\" style=\"left:762px;bottom:1035px;letter-spacing:-0.51px;display:inline;\">47 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"tc_198\" style=\"left:829px;bottom:1035px;letter-spacing:-0.29px;display:inline;\">37 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"td_198\" style=\"left:65px;bottom:1017px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Other payables </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"te_198\" style=\"left:757px;bottom:1017px;letter-spacing:-0.19px;display:inline;\">135 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"tf_198\" style=\"left:825px;bottom:1017px;letter-spacing:-0.31px;display:inline;\">173 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"tg_198\" style=\"left:65px;bottom:998px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Deferred purchase consideration </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"th_198\" style=\"left:764px;bottom:998px;letter-spacing:-0.26px;display:inline;\">13 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"ti_198\" style=\"left:836px;bottom:998px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"tj_198\" style=\"left:65px;bottom:980px;letter-spacing:-0.21px;display:inline;\">Accruals </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"tk_198\" style=\"left:754px;bottom:980px;letter-spacing:-0.17px;display:inline;\">389 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"tl_198\" style=\"left:822px;bottom:980px;letter-spacing:-0.1px;display:inline;\">335 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"tm_198\" style=\"left:760px;bottom:961px;letter-spacing:-0.21px;display:inline;\">711 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"tn_198\" style=\"left:822px;bottom:961px;letter-spacing:-0.21px;display:inline;\">697 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"to_198\" style=\"left:65px;bottom:925px;letter-spacing:-0.18px;display:inline;\">Non-current </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"tp_198\" style=\"left:65px;bottom:906px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Other payables </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"tq_198\" style=\"left:768px;bottom:906px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"tr_198\" style=\"left:835px;bottom:906px;display:inline;\">4 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"ts_198\" style=\"left:65px;bottom:888px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Deferred purchase consideration </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"tt_198\" style=\"left:769px;bottom:888px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"tu_198\" style=\"left:831px;bottom:888px;letter-spacing:-0.26px;display:inline;\">12 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"tv_198\" style=\"left:65px;bottom:869px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Contingent purchase consideration (note 25) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"tw_198\" style=\"left:761px;bottom:869px;letter-spacing:-0.17px;display:inline;\">69 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"tx_198\" style=\"left:828px;bottom:869px;letter-spacing:-0.07px;display:inline;\">65 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"ty_198\" style=\"left:762px;bottom:851px;letter-spacing:-0.21px;display:inline;\">75 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"tz_198\" style=\"left:830px;bottom:851px;letter-spacing:-0.15px;display:inline;\">81 </div></td></tr></table>\n<div class=\"t s5_198\" id=\"t10_198\" style=\"left:65px;bottom:817px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">In 2022, current other payables included $29m and current accruals included $2m relating to the outstanding portion of the share </div><div class=\"t s5_198\" id=\"t11_198\" style=\"left:65px;bottom:802px;letter-spacing:-0.18px;word-spacing:-0.08px;display:inline;\">repurchase programme. Of the total, $20m related to the unavoidable contractual cost of shares to be repurchased and $11m to the associated </div><div class=\"t s5_198\" id=\"t12_198\" style=\"left:65px;bottom:787px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">performance fee. Current other payables also included $18m relating to obligations created by the special allocation of expenses from an </div><div class=\"t s5_198\" id=\"t13_198\" style=\"left:65px;bottom:772px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">associate investment (see note 6). </div><div class=\"t s6_198\" id=\"t14_198\" style=\"left:65px;bottom:749px;letter-spacing:0.02px;word-spacing:-0.15px;display:inline;\">Third-party bank loan guarantees </div><div class=\"t s7_198\" id=\"t15_198\" style=\"left:65px;bottom:733px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">At 31 December 2023, the Group has issued financial guarantee contracts o</div><div class=\"t s5_198\" id=\"t16_198\" style=\"left:486px;bottom:733px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">f up to $50m (2022: $50m). The carrying amount of these </div><div class=\"t s5_198\" id=\"t17_198\" style=\"left:65px;bottom:718px;letter-spacing:-0.12px;word-spacing:-0.09px;display:inline;\">guarantees was $nil in all periods presented. The largest guarantee has a gross guaranteed amount of $21m (2022: $21m) and the underlying </div><div class=\"t s5_198\" id=\"t18_198\" style=\"left:65px;bottom:703px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">loan matures in 2029. Should the Group fund any amount under the guarantee, there is a cross-indemnity that the Group would seek to </div><div class=\"t s5_198\" id=\"t19_198\" style=\"left:65px;bottom:688px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">pursue for the other parties\u2019 share. </div><div class=\"t s0_198\" id=\"t1a_198\" style=\"left:65px;bottom:657px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">20. Provisions </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_198\" id=\"t1b_198\" style=\"left:588px;bottom:643px;letter-spacing:0.12px;display:inline;\">Commercial </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_198\" id=\"t1f_198\" style=\"left:692px;bottom:643px;letter-spacing:0.11px;display:inline;\">Self </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_198\" id=\"t1c_198\" style=\"left:585px;bottom:632px;letter-spacing:0.05px;word-spacing:-0.16px;display:inline;\">litigation and </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_198\" id=\"t1g_198\" style=\"left:665px;bottom:632px;letter-spacing:0.11px;display:inline;\">insurance </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_198\" id=\"t1j_198\" style=\"left:717px;bottom:632px;letter-spacing:0.09px;display:inline;\">Dilapidations </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_198\" id=\"t1d_198\" style=\"left:605px;bottom:621px;letter-spacing:0.11px;display:inline;\">disputes </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_198\" id=\"t1h_198\" style=\"left:671px;bottom:621px;letter-spacing:0.12px;display:inline;\">reserves </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_198\" id=\"t1k_198\" style=\"left:733px;bottom:621px;letter-spacing:0.07px;word-spacing:-0.18px;display:inline;\">and other </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_198\" id=\"t1m_198\" style=\"left:819px;bottom:621px;letter-spacing:-0.08px;display:inline;\">Total </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_198\" id=\"t1e_198\" style=\"left:629px;bottom:611px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_198\" id=\"t1i_198\" style=\"left:695px;bottom:611px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_198\" id=\"t1l_198\" style=\"left:761px;bottom:611px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_198\" id=\"t1n_198\" style=\"left:827px;bottom:611px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"t1o_198\" style=\"left:65px;bottom:593px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December 2022 </div><div class=\"t s9_198\" id=\"t1p_198\" style=\"left:171px;bottom:599px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"t1q_198\" style=\"left:630px;bottom:593px;letter-spacing:-0.11px;display:inline;\">33 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"t1r_198\" style=\"left:698px;bottom:593px;letter-spacing:-0.23px;display:inline;\">18 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"t1s_198\" style=\"left:765px;bottom:593px;letter-spacing:-0.25px;display:inline;\">13 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"t1t_198\" style=\"left:828px;bottom:593px;letter-spacing:-0.08px;display:inline;\">64 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"t1u_198\" style=\"left:65px;bottom:574px;letter-spacing:-0.24px;display:inline;\">Provided </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t1v_198\" style=\"left:636px;bottom:574px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t1w_198\" style=\"left:703px;bottom:574px;display:inline;\">7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t1x_198\" style=\"left:768px;bottom:574px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t1y_198\" style=\"left:829px;bottom:574px;letter-spacing:-0.22px;display:inline;\">16 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"t1z_198\" style=\"left:65px;bottom:556px;letter-spacing:-0.19px;display:inline;\">Utilised </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t20_198\" style=\"left:626px;bottom:556px;letter-spacing:-0.35px;display:inline;\">(32) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t21_198\" style=\"left:697px;bottom:556px;letter-spacing:-0.36px;display:inline;\">(11) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t22_198\" style=\"left:765px;bottom:556px;letter-spacing:-0.29px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t23_198\" style=\"left:824px;bottom:556px;letter-spacing:-0.34px;display:inline;\">(45) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"t24_198\" style=\"left:65px;bottom:537px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t25_198\" style=\"left:637px;bottom:537px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t26_198\" style=\"left:703px;bottom:537px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t27_198\" style=\"left:770px;bottom:537px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t28_198\" style=\"left:836px;bottom:537px;display:inline;\">1 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t29_198\" style=\"left:65px;bottom:519px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t2a_198\" style=\"left:637px;bottom:519px;display:inline;\">7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t2b_198\" style=\"left:697px;bottom:519px;letter-spacing:-0.36px;display:inline;\">14 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t2c_198\" style=\"left:764px;bottom:519px;letter-spacing:-0.18px;display:inline;\">15 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t2d_198\" style=\"left:827px;bottom:519px;letter-spacing:-0.21px;display:inline;\">36 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"t2e_198\" style=\"left:65px;bottom:482px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Analysed as: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"t2f_198\" style=\"left:73px;bottom:463px;letter-spacing:-0.23px;display:inline;\">Current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t2g_198\" style=\"left:637px;bottom:463px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t2h_198\" style=\"left:702px;bottom:463px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t2i_198\" style=\"left:768px;bottom:463px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t2j_198\" style=\"left:829px;bottom:463px;letter-spacing:-0.23px;display:inline;\">10 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"t2k_198\" style=\"left:73px;bottom:445px;letter-spacing:-0.19px;display:inline;\">Non-current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t2l_198\" style=\"left:637px;bottom:445px;display:inline;\">7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t2m_198\" style=\"left:702px;bottom:445px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t2n_198\" style=\"left:763px;bottom:445px;letter-spacing:-0.23px;display:inline;\">10 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t2o_198\" style=\"left:828px;bottom:445px;letter-spacing:-0.19px;display:inline;\">26 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t2p_198\" style=\"left:637px;bottom:426px;display:inline;\">7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t2q_198\" style=\"left:697px;bottom:426px;letter-spacing:-0.36px;display:inline;\">14 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t2r_198\" style=\"left:764px;bottom:426px;letter-spacing:-0.18px;display:inline;\">15 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t2s_198\" style=\"left:827px;bottom:426px;letter-spacing:-0.21px;display:inline;\">36 </div></td></tr></table>\n<div class=\"t sa_198\" id=\"t2t_198\" style=\"left:65px;bottom:403px;display:inline;\">a </div><div class=\"t s2_198\" id=\"t2u_198\" style=\"left:74px;bottom:399px;letter-spacing:0.05px;word-spacing:-0.15px;display:inline;\">Re-presented for the adoption of IFRS 17 \u2018Insurance Contracts\u2019 (see New accounting standards and other presentational changes). Amounts reclassi</div><div class=\"t sb_198\" id=\"t2v_198\" style=\"left:699px;bottom:399px;letter-spacing:0.03px;word-spacing:-0.15px;display:inline;\">fied as insurance liabilities are </div><div class=\"t s2_198\" id=\"t2w_198\" style=\"left:74px;bottom:388px;letter-spacing:0.02px;word-spacing:-0.13px;display:inline;\">shown in note 21. </div><div class=\"t s6_198\" id=\"t2x_198\" style=\"left:65px;bottom:356px;letter-spacing:0.01px;word-spacing:-0.14px;display:inline;\">Commercial litigation and disputes </div><div class=\"t s5_198\" id=\"t2y_198\" style=\"left:65px;bottom:341px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">The utilisation of the provision principally re</div><div class=\"t s7_198\" id=\"t2z_198\" style=\"left:307px;bottom:341px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">flects the settlement o</div><div class=\"t s5_198\" id=\"t30_198\" style=\"left:432px;bottom:341px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">f commercial litigation and disputes in the Americas and EMEAA regions </div><div class=\"t s5_198\" id=\"t31_198\" style=\"left:65px;bottom:326px;letter-spacing:-0.1px;word-spacing:-0.05px;display:inline;\">which were fully provided for in the prior year. </div><div class=\"t s6_198\" id=\"t32_198\" style=\"left:65px;bottom:303px;letter-spacing:0.03px;word-spacing:-0.17px;display:inline;\">Self insurance reserves </div><div class=\"t s5_198\" id=\"t33_198\" style=\"left:65px;bottom:287px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">Self insurance reserves consist of $12m of incurred but not reported (\u2018IBNR\u2019) reserves and $2m of claims reported but not yet settled. </div><div class=\"t s5_198\" id=\"t34_198\" style=\"left:65px;bottom:272px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">$10m of these amounts relates to employment-related obligations. The utilisation of IBNR reserves is dependent on the timing of claims </div><div class=\"t s7_198\" id=\"t35_198\" style=\"left:65px;bottom:257px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">being reported and ultimately being settled; based on historical experience this is expected to be approximately five years. The maximum </div><div class=\"t s5_198\" id=\"t36_198\" style=\"left:65px;bottom:242px;letter-spacing:-0.08px;word-spacing:-0.08px;display:inline;\">liabilities of the last </div><div class=\"t s7_198\" id=\"t37_198\" style=\"left:174px;bottom:242px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">five policy years is $49m, noting that actual claims did not significantly di\ufb00er to estimates in 2023 or 2022. </div><div class=\"t s6_198\" id=\"t38_198\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t sc_198\" id=\"t39_198\" style=\"left:65px;bottom:31px;letter-spacing:0.1px;display:inline;\"></div><div></div><div class=\"t s0_199\" id=\"t1_199\" style=\"left:65px;bottom:1115px;letter-spacing:0.02px;word-spacing:-0.16px;display:inline;\">21. Insurance </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_199\" id=\"t2_199\" style=\"left:752px;bottom:1101px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_199\" id=\"t4_199\" style=\"left:819px;bottom:1101px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_199\" id=\"t3_199\" style=\"left:761px;bottom:1090px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_199\" id=\"t5_199\" style=\"left:827px;bottom:1090px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t6_199\" style=\"left:65px;bottom:1072px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">At 1 January </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t7_199\" style=\"left:762px;bottom:1072px;letter-spacing:-0.27px;display:inline;\">32 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t8_199\" style=\"left:829px;bottom:1072px;letter-spacing:-0.21px;display:inline;\">25 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t9_199\" style=\"left:65px;bottom:1054px;letter-spacing:-0.21px;word-spacing:-0.16px;display:inline;\">Insurance expenses </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"ta_199\" style=\"left:764px;bottom:1054px;letter-spacing:-0.15px;display:inline;\">21 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"tb_199\" style=\"left:835px;bottom:1054px;display:inline;\">9 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"tc_199\" style=\"left:65px;bottom:1035px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Claims and other amounts paid </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"td_199\" style=\"left:760px;bottom:1035px;letter-spacing:-0.31px;display:inline;\">(15) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"te_199\" style=\"left:832px;bottom:1035px;letter-spacing:-0.26px;display:inline;\">(2) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"tf_199\" style=\"left:65px;bottom:1017px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Impact of discounting and other changes </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"tg_199\" style=\"left:767px;bottom:1017px;letter-spacing:-0.39px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"th_199\" style=\"left:836px;bottom:1017px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"ti_199\" style=\"left:65px;bottom:998px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"tj_199\" style=\"left:762px;bottom:998px;letter-spacing:-0.26px;display:inline;\">37 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"tk_199\" style=\"left:829px;bottom:998px;letter-spacing:-0.24px;display:inline;\">32 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"tl_199\" style=\"left:65px;bottom:960px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Analysed as: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"tm_199\" style=\"left:73px;bottom:941px;letter-spacing:-0.23px;display:inline;\">Current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"tn_199\" style=\"left:764px;bottom:941px;letter-spacing:-0.25px;display:inline;\">12 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"to_199\" style=\"left:835px;bottom:941px;display:inline;\">9 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"tp_199\" style=\"left:73px;bottom:923px;letter-spacing:-0.19px;display:inline;\">Non-current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"tq_199\" style=\"left:762px;bottom:923px;letter-spacing:-0.12px;display:inline;\">25 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"tr_199\" style=\"left:829px;bottom:923px;letter-spacing:-0.24px;display:inline;\">23 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"ts_199\" style=\"left:762px;bottom:904px;letter-spacing:-0.26px;display:inline;\">37 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"tt_199\" style=\"left:829px;bottom:904px;letter-spacing:-0.24px;display:inline;\">32 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s3_199\" id=\"tu_199\" style=\"left:65px;bottom:866px;letter-spacing:-0.19px;word-spacing:-0.16px;display:inline;\">Incurred but not reported claims ('IBNR') </div><div class=\"t s5_199\" id=\"tv_199\" style=\"vertical-align: super;left:264px;bottom:873px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"tw_199\" style=\"left:761px;bottom:866px;letter-spacing:-0.2px;display:inline;\">20 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"tx_199\" style=\"left:829px;bottom:866px;letter-spacing:-0.21px;display:inline;\">25 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"ty_199\" style=\"left:65px;bottom:847px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Reported but not settled claims </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"tz_199\" style=\"left:765px;bottom:847px;letter-spacing:-0.34px;display:inline;\">17 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t10_199\" style=\"left:836px;bottom:847px;display:inline;\">7 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t11_199\" style=\"left:762px;bottom:829px;letter-spacing:-0.26px;display:inline;\">37 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t12_199\" style=\"left:829px;bottom:829px;letter-spacing:-0.24px;display:inline;\">32 </div></td></tr></table>\n<div class=\"t s6_199\" id=\"t13_199\" style=\"left:65px;bottom:805px;display:inline;\">a </div><div class=\"t s2_199\" id=\"t14_199\" style=\"left:74px;bottom:801px;letter-spacing:0.07px;word-spacing:-0.18px;display:inline;\">Includes unallocated loss expenses. </div><div class=\"t s7_199\" id=\"t15_199\" style=\"left:65px;bottom:769px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Of the total reserves, $19m (2022: $21m) relates to international general liability and $14m (2022: $7m) relates to workers\u2019 compensation. </div><div class=\"t s7_199\" id=\"t16_199\" style=\"left:65px;bottom:754px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">The utilisation of IBNR reserves is dependent on the timing of claims being reported and ultimately being settled; based on historical </div><div class=\"t s8_199\" id=\"t17_199\" style=\"left:65px;bottom:739px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">experience this is expected to be approximately five years (2022: five years). The maximum liabilities o</div><div class=\"t s7_199\" id=\"t18_199\" style=\"left:632px;bottom:739px;letter-spacing:-0.08px;word-spacing:-0.09px;display:inline;\">f the last </div><div class=\"t s8_199\" id=\"t19_199\" style=\"left:682px;bottom:739px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">five policy years is $49m </div><div class=\"t s8_199\" id=\"t1a_199\" style=\"left:65px;bottom:724px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">(2022: $42m). Actual claims have not significantly di\ufb00ered to estimates in the last five years. </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_199\" id=\"t1b_199\" style=\"left:752px;bottom:702px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_199\" id=\"t1d_199\" style=\"left:819px;bottom:702px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_199\" id=\"t1c_199\" style=\"left:761px;bottom:691px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_199\" id=\"t1e_199\" style=\"left:827px;bottom:691px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t1f_199\" style=\"left:65px;bottom:673px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Revenue from insurance activities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t1g_199\" style=\"left:764px;bottom:673px;letter-spacing:-0.15px;display:inline;\">21 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t1h_199\" style=\"left:831px;bottom:673px;letter-spacing:-0.17px;display:inline;\">15 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t1i_199\" style=\"left:65px;bottom:655px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Insurance expenses (inclusive of overhead costs) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t1j_199\" style=\"left:758px;bottom:655px;letter-spacing:-0.28px;display:inline;\">(23) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t1k_199\" style=\"left:830px;bottom:655px;letter-spacing:-0.33px;display:inline;\">(11) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t1l_199\" style=\"left:65px;bottom:636px;letter-spacing:-0.18px;word-spacing:-0.18px;display:inline;\">Insurance result </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t1m_199\" style=\"left:765px;bottom:636px;letter-spacing:-0.29px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t1n_199\" style=\"left:835px;bottom:636px;display:inline;\">4 </div></td></tr></table>\n<div class=\"t s0_199\" id=\"t1o_199\" style=\"left:65px;bottom:595px;letter-spacing:0.01px;word-spacing:-0.15px;display:inline;\">22. Loans and other borrowings </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_199\" id=\"t1r_199\" style=\"left:669px;bottom:581px;letter-spacing:0.11px;display:inline;\">Discount </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_199\" id=\"t1p_199\" style=\"left:605px;bottom:570px;letter-spacing:0.06px;display:inline;\">Maturity </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_199\" id=\"t1s_199\" style=\"left:676px;bottom:570px;letter-spacing:0.07px;word-spacing:-0.19px;display:inline;\">at issue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_199\" id=\"t1u_199\" style=\"left:752px;bottom:570px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_199\" id=\"t1w_199\" style=\"left:819px;bottom:570px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_199\" id=\"t1q_199\" style=\"left:623px;bottom:559px;letter-spacing:0.06px;display:inline;\">date </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_199\" id=\"t1t_199\" style=\"left:702px;bottom:559px;display:inline;\">% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_199\" id=\"t1v_199\" style=\"left:761px;bottom:559px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_199\" id=\"t1x_199\" style=\"left:827px;bottom:559px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t1y_199\" style=\"left:65px;bottom:542px;letter-spacing:-0.2px;display:inline;\">Current </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t1z_199\" style=\"left:65px;bottom:523px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">Bank overdrafts (note 18) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t20_199\" style=\"left:627px;bottom:523px;letter-spacing:-0.46px;display:inline;\">n/a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t21_199\" style=\"left:693px;bottom:523px;letter-spacing:-0.46px;display:inline;\">n/a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t22_199\" style=\"left:761px;bottom:523px;letter-spacing:-0.06px;display:inline;\">44 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t23_199\" style=\"left:829px;bottom:523px;letter-spacing:-0.13px;display:inline;\">55 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t24_199\" style=\"left:65px;bottom:505px;letter-spacing:-0.23px;word-spacing:-0.15px;display:inline;\">\u20ac500m 1.625% bonds 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t25_199\" style=\"left:565px;bottom:505px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">8 October 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t26_199\" style=\"left:680px;bottom:505px;letter-spacing:-0.2px;display:inline;\">0.437 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t27_199\" style=\"left:755px;bottom:505px;letter-spacing:-0.17px;display:inline;\">555 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t28_199\" style=\"left:836px;bottom:505px;display:inline;\">\u2013 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t29_199\" style=\"left:754px;bottom:486px;letter-spacing:-0.19px;display:inline;\">599 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t2a_199\" style=\"left:829px;bottom:486px;letter-spacing:-0.13px;display:inline;\">55 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t2b_199\" style=\"left:65px;bottom:468px;letter-spacing:-0.18px;display:inline;\">Non\u2011current </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t2c_199\" style=\"left:65px;bottom:449px;letter-spacing:-0.23px;word-spacing:-0.15px;display:inline;\">\u20ac500m 1.625% bonds 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t2d_199\" style=\"left:565px;bottom:449px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">8 October 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t2e_199\" style=\"left:680px;bottom:449px;letter-spacing:-0.2px;display:inline;\">0.437 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t2f_199\" style=\"left:769px;bottom:449px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t2g_199\" style=\"left:822px;bottom:449px;letter-spacing:-0.11px;display:inline;\">534 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t2h_199\" style=\"left:65px;bottom:430px;letter-spacing:-0.22px;word-spacing:-0.16px;display:inline;\">\u00a3300m 3.75% bonds 2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t2i_199\" style=\"left:567px;bottom:430px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">14 August 2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t2j_199\" style=\"left:679px;bottom:430px;letter-spacing:-0.19px;display:inline;\">0.986 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t2k_199\" style=\"left:755px;bottom:430px;letter-spacing:-0.21px;display:inline;\">387 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t2l_199\" style=\"left:822px;bottom:430px;letter-spacing:-0.1px;display:inline;\">365 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t2m_199\" style=\"left:65px;bottom:412px;letter-spacing:-0.24px;word-spacing:-0.14px;display:inline;\">\u00a3350m 2.125% bonds 2026 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t2n_199\" style=\"left:565px;bottom:412px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">24 August 2026 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t2o_199\" style=\"left:679px;bottom:412px;letter-spacing:-0.2px;display:inline;\">0.550 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t2p_199\" style=\"left:754px;bottom:412px;letter-spacing:-0.12px;display:inline;\">449 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t2q_199\" style=\"left:822px;bottom:412px;letter-spacing:-0.26px;display:inline;\">423 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t2r_199\" style=\"left:65px;bottom:393px;letter-spacing:-0.24px;word-spacing:-0.15px;display:inline;\">\u20ac500m 2.125% bonds 2027 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t2s_199\" style=\"left:583px;bottom:393px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">15 May 2027 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t2t_199\" style=\"left:680px;bottom:393px;letter-spacing:-0.34px;display:inline;\">0.470 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t2u_199\" style=\"left:755px;bottom:393px;letter-spacing:-0.2px;display:inline;\">559 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t2v_199\" style=\"left:822px;bottom:393px;letter-spacing:-0.12px;display:inline;\">539 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t2w_199\" style=\"left:65px;bottom:375px;letter-spacing:-0.21px;word-spacing:-0.18px;display:inline;\">\u00a3400m 3.375% bonds 2028 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t2x_199\" style=\"left:565px;bottom:375px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">8 October 2028 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t2y_199\" style=\"left:682px;bottom:375px;letter-spacing:-0.2px;display:inline;\">1.034 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t2z_199\" style=\"left:754px;bottom:375px;letter-spacing:-0.21px;display:inline;\">509 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t30_199\" style=\"left:821px;bottom:375px;letter-spacing:-0.11px;display:inline;\">480 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t31_199\" style=\"left:65px;bottom:356px;letter-spacing:-0.21px;word-spacing:-0.18px;display:inline;\">\u20ac600m 4.375% bonds 2029 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t32_199\" style=\"left:548px;bottom:356px;letter-spacing:-0.24px;word-spacing:-0.14px;display:inline;\">28 November 2029 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t33_199\" style=\"left:679px;bottom:356px;letter-spacing:-0.24px;display:inline;\">0.098 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t34_199\" style=\"left:754px;bottom:356px;letter-spacing:-0.16px;display:inline;\">663 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t35_199\" style=\"left:836px;bottom:356px;display:inline;\">\u2013 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t36_199\" style=\"left:746px;bottom:338px;letter-spacing:-0.17px;display:inline;\">2,567 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t37_199\" style=\"left:815px;bottom:338px;letter-spacing:-0.19px;display:inline;\">2,341 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t38_199\" style=\"left:65px;bottom:319px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Total loans and other borrowings </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t39_199\" style=\"left:747px;bottom:319px;letter-spacing:-0.33px;display:inline;\">3,166 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t3a_199\" style=\"left:812px;bottom:319px;letter-spacing:-0.13px;display:inline;\">2,396 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t3b_199\" style=\"left:65px;bottom:282px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Denominated in the following currencies: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t3c_199\" style=\"left:73px;bottom:264px;letter-spacing:-0.23px;display:inline;\">Sterling </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t3d_199\" style=\"left:747px;bottom:264px;letter-spacing:-0.16px;display:inline;\">1,345 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t3e_199\" style=\"left:815px;bottom:264px;letter-spacing:-0.16px;display:inline;\">1,269 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t3f_199\" style=\"left:73px;bottom:245px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">US dollars </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t3g_199\" style=\"left:761px;bottom:245px;letter-spacing:-0.06px;display:inline;\">44 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t3h_199\" style=\"left:828px;bottom:245px;letter-spacing:-0.11px;display:inline;\">53 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t3i_199\" style=\"left:73px;bottom:227px;letter-spacing:-0.27px;display:inline;\">Euros </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t3j_199\" style=\"left:749px;bottom:227px;letter-spacing:-0.17px;display:inline;\">1,777 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t3k_199\" style=\"left:815px;bottom:227px;letter-spacing:-0.34px;display:inline;\">1,073 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t3l_199\" style=\"left:73px;bottom:208px;letter-spacing:-0.19px;display:inline;\">Other </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t3m_199\" style=\"left:769px;bottom:208px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t3n_199\" style=\"left:837px;bottom:208px;display:inline;\">1 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t3o_199\" style=\"left:747px;bottom:188px;letter-spacing:-0.33px;display:inline;\">3,166 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t3p_199\" style=\"left:812px;bottom:188px;letter-spacing:-0.13px;display:inline;\">2,396 </div></td></tr></table>\n<div class=\"t sa_199\" id=\"t3q_199\" style=\"left:65px;bottom:31px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\"> </div><div class=\"t m0_199 sb_199\" id=\"t3r_199\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t sa_199\" id=\"t3s_199\" style=\"left:826px;bottom:31px;letter-spacing:-0.06px;display:inline;\"> </div><div></div><div class=\"t s2_200\" id=\"t3_200\" style=\"left:65px;bottom:1100px;letter-spacing:0.11px;display:inline;\">Bonds </div><div class=\"t s3_200\" id=\"t4_200\" style=\"left:65px;bottom:1084px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">Interest is payable annually on the dates in the table, at the rates stated. </div><div class=\"t s2_200\" id=\"t5_200\" style=\"left:65px;bottom:1061px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Revolving Credit Facility (\u2018RCF\u2019) </div><div class=\"t s3_200\" id=\"t6_200\" style=\"left:65px;bottom:1046px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">The $1,350m facility matures in 2028, with an option to extend for a further one year at the lender\u2019s discretion. A variable rate of interest </div><div class=\"t s3_200\" id=\"t7_200\" style=\"left:65px;bottom:1031px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">is payable on amounts drawn. There were no amounts drawn as at 31 December 2023 or 31 December 2022. </div><div class=\"t s3_200\" id=\"t8_200\" style=\"left:65px;bottom:1008px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">The Group has no uncommitted facilities at 31 December 2023 (2022: $30m of which $nil was drawn). </div><div class=\"t s0_200\" id=\"t9_200\" style=\"left:65px;bottom:977px;word-spacing:-0.14px;display:inline;\">23. Net debt </div><table>\n                                            <tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_200\" id=\"ta_200\" style=\"left:752px;bottom:963px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_200\" id=\"tc_200\" style=\"left:819px;bottom:963px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_200\" id=\"tb_200\" style=\"left:761px;bottom:952px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_200\" id=\"td_200\" style=\"left:827px;bottom:952px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"te_200\" style=\"left:65px;bottom:935px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Cash and cash equivalents </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"tf_200\" style=\"left:748px;bottom:935px;letter-spacing:-0.18px;display:inline;\">1,322 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"tg_200\" style=\"left:823px;bottom:935px;letter-spacing:-0.37px;display:inline;\">976 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"th_200\" style=\"left:65px;bottom:916px;letter-spacing:-0.25px;word-spacing:0.38px;display:inline;\">Loans and other borrowings \u2013 current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"ti_200\" style=\"left:751px;bottom:916px;letter-spacing:-0.28px;display:inline;\">(599) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"tj_200\" style=\"left:825px;bottom:916px;letter-spacing:-0.23px;display:inline;\">(55) </div></td></tr><tr><td class=\"emptyTDSTag tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\">\u00a0<div class=\"t s6_200\" id=\"tk_200\" style=\"left:208px;bottom:898px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">\u2013 non-current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"tl_200\" style=\"left:742px;bottom:898px;letter-spacing:-0.15px;display:inline;\">(2,567) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"tm_200\" style=\"left:812px;bottom:898px;letter-spacing:-0.22px;display:inline;\">(2,341) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"tn_200\" style=\"left:65px;bottom:879px;letter-spacing:-0.19px;word-spacing:-0.14px;display:inline;\">Lease liabilities </div><div class=\"t s6_200\" id=\"to_200\" style=\"left:208px;bottom:879px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">\u2013 current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"tp_200\" style=\"left:757px;bottom:879px;letter-spacing:-0.35px;display:inline;\">(30) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"tq_200\" style=\"left:825px;bottom:879px;letter-spacing:-0.26px;display:inline;\">(26) </div></td></tr><tr><td class=\"emptyTDSTag tcs-selection-enabled tcs-selected\" colspan=\"1\" rowspan=\"1\">\u00a0<div class=\"t s6_200\" id=\"tr_200\" style=\"left:208px;bottom:861px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">\u2013 non-current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"ts_200\" style=\"left:751px;bottom:861px;letter-spacing:-0.28px;display:inline;\">(396) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"tt_200\" style=\"left:820px;bottom:861px;letter-spacing:-0.29px;display:inline;\">(401) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"tu_200\" style=\"left:65px;bottom:842px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Principal amounts payable/receivable on maturity of derivative </div><div class=\"t s8_200\" id=\"tv_200\" style=\"left:374px;bottom:842px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">financial instruments (note 24) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"tw_200\" style=\"left:765px;bottom:842px;letter-spacing:-0.29px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"tx_200\" style=\"left:832px;bottom:842px;letter-spacing:-0.49px;display:inline;\">(4) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"ty_200\" style=\"left:65px;bottom:824px;letter-spacing:-0.21px;word-spacing:-0.16px;display:inline;\">Net debt </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"tz_200\" style=\"left:743px;bottom:824px;letter-spacing:-0.19px;display:inline;\">(2,272) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t10_200\" style=\"left:814px;bottom:824px;letter-spacing:-0.26px;display:inline;\">(1,851) </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_200\" id=\"t12_200\" style=\"left:752px;bottom:796px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_200\" id=\"t14_200\" style=\"left:819px;bottom:796px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_200\" id=\"t11_200\" style=\"left:65px;bottom:785px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Movement in net debt </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_200\" id=\"t13_200\" style=\"left:761px;bottom:786px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_200\" id=\"t15_200\" style=\"left:827px;bottom:786px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t16_200\" style=\"left:65px;bottom:768px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Net increase/(decrease) in cash and cash equivalents, net of overdrafts </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"t17_200\" style=\"left:754px;bottom:768px;letter-spacing:-0.17px;display:inline;\">339 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t18_200\" style=\"left:819px;bottom:768px;letter-spacing:-0.27px;display:inline;\">(393) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_200\" id=\"t19_200\" style=\"left:65px;bottom:740px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Add back financing cash flows in respect o</div><div class=\"t s6_200\" id=\"t1a_200\" style=\"left:275px;bottom:740px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">f other components of net debt: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t1b_200\" style=\"left:73px;bottom:721px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Principal element of lease payments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"t1c_200\" style=\"left:762px;bottom:721px;letter-spacing:-0.19px;display:inline;\">28 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t1d_200\" style=\"left:828px;bottom:721px;letter-spacing:-0.12px;display:inline;\">36 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t1e_200\" style=\"left:73px;bottom:703px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">(Issue)/repayment of long-term bonds </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"t1f_200\" style=\"left:752px;bottom:703px;letter-spacing:-0.22px;display:inline;\">(657) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t1g_200\" style=\"left:821px;bottom:703px;letter-spacing:-0.18px;display:inline;\">209 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"t1h_200\" style=\"left:751px;bottom:684px;letter-spacing:-0.29px;display:inline;\">(629) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t1i_200\" style=\"left:822px;bottom:684px;letter-spacing:-0.19px;display:inline;\">245 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t1j_200\" style=\"left:65px;bottom:666px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Increase in net debt arising from cash </div><div class=\"t s8_200\" id=\"t1k_200\" style=\"left:252px;bottom:666px;letter-spacing:-0.22px;display:inline;\">flows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"t1l_200\" style=\"left:750px;bottom:666px;letter-spacing:-0.22px;display:inline;\">(290) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t1m_200\" style=\"left:821px;bottom:666px;letter-spacing:-0.27px;display:inline;\">(148) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t1n_200\" style=\"left:65px;bottom:638px;letter-spacing:-0.24px;word-spacing:-0.14px;display:inline;\">Other movements: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t1o_200\" style=\"left:73px;bottom:619px;letter-spacing:-0.2px;word-spacing:-0.14px;display:inline;\">Lease liabilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"t1p_200\" style=\"left:759px;bottom:619px;letter-spacing:-0.25px;display:inline;\">(25) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t1q_200\" style=\"left:825px;bottom:619px;letter-spacing:-0.32px;display:inline;\">(48) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t1r_200\" style=\"left:73px;bottom:601px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Increase in accrued interest </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"t1s_200\" style=\"left:765px;bottom:601px;letter-spacing:-0.29px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t1t_200\" style=\"left:834px;bottom:601px;letter-spacing:-0.35px;display:inline;\">(1) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t1u_200\" style=\"left:73px;bottom:582px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"t1v_200\" style=\"left:753px;bottom:582px;letter-spacing:-0.31px;display:inline;\">(104) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t1w_200\" style=\"left:824px;bottom:582px;letter-spacing:-0.07px;display:inline;\">227 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"t1x_200\" style=\"left:756px;bottom:564px;letter-spacing:-0.32px;display:inline;\">(131) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t1y_200\" style=\"left:825px;bottom:564px;letter-spacing:-0.32px;display:inline;\">178 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t1z_200\" style=\"left:65px;bottom:545px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">(Increase)/decrease in net debt </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"t20_200\" style=\"left:754px;bottom:545px;letter-spacing:-0.35px;display:inline;\">(421) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t21_200\" style=\"left:827px;bottom:545px;letter-spacing:-0.16px;display:inline;\">30 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t22_200\" style=\"left:65px;bottom:527px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Net debt at beginning of the year </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"t23_200\" style=\"left:746px;bottom:527px;letter-spacing:-0.27px;display:inline;\">(1,851) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t24_200\" style=\"left:814px;bottom:527px;letter-spacing:-0.23px;display:inline;\">(1,881) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"t25_200\" style=\"left:65px;bottom:508px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Net debt at end of the year </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"t26_200\" style=\"left:743px;bottom:508px;letter-spacing:-0.19px;display:inline;\">(2,272) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t27_200\" style=\"left:814px;bottom:508px;letter-spacing:-0.26px;display:inline;\">(1,851) </div></td></tr>\n                                        </table>\n<div class=\"t s6_200\" id=\"t28_200\" style=\"left:80px;bottom:474px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Net debt as calculated for bank covenants can be found on page 201. </div><div class=\"t s2_200\" id=\"t2b_200\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t sc_200\" id=\"t2c_200\" style=\"left:65px;bottom:31px;letter-spacing:0.07px;display:inline;\"></div><div></div><div class=\"t s2_201\" id=\"t3_201\" style=\"left:65px;bottom:1100px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Loans and other borrowings (excluding bank overdrafts), lease liabilities and currency swaps and forwards comprise the liabilities included </div><div class=\"t s3_201\" id=\"t4_201\" style=\"left:65px;bottom:1084px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">in the financing activities section o</div><div class=\"t s2_201\" id=\"t5_201\" style=\"left:258px;bottom:1084px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">f the Group statement of cash </div><div class=\"t s3_201\" id=\"t6_201\" style=\"left:427px;bottom:1084px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">flows and their movements are analysed as </div><div class=\"t s2_201\" id=\"t7_201\" style=\"left:669px;bottom:1084px;letter-spacing:-0.09px;display:inline;\">follows: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_201\" id=\"t8_201\" style=\"left:446px;bottom:1062px;letter-spacing:0.05px;word-spacing:-0.16px;display:inline;\">At 1 January </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_201\" id=\"tb_201\" style=\"left:540px;bottom:1062px;letter-spacing:0.09px;display:inline;\">Financing </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_201\" id=\"te_201\" style=\"left:626px;bottom:1062px;letter-spacing:0.11px;display:inline;\">Exchange </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_201\" id=\"tk_201\" style=\"left:772px;bottom:1062px;letter-spacing:0.08px;word-spacing:-0.33px;display:inline;\">At 31 December </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_201\" id=\"t9_201\" style=\"left:475px;bottom:1052px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_201\" id=\"tc_201\" style=\"left:538px;bottom:1052px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">cash flows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_201\" id=\"tf_201\" style=\"left:614px;bottom:1052px;letter-spacing:0.12px;display:inline;\">adjustments </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s4_201\" id=\"th_201\" style=\"left:725px;bottom:1052px;letter-spacing:0.15px;display:inline;\">Other </div><div class=\"t s5_201\" id=\"ti_201\" style=\"vertical-align: super;left:751px;bottom:1058px;letter-spacing:0.17px;display:inline;\">a,b </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_201\" id=\"tl_201\" style=\"left:818px;bottom:1052px;letter-spacing:0.12px;display:inline;\">2023 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_201\" id=\"ta_201\" style=\"left:484px;bottom:1041px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_201\" id=\"td_201\" style=\"left:569px;bottom:1041px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_201\" id=\"tg_201\" style=\"left:655px;bottom:1041px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_201\" id=\"tj_201\" style=\"left:737px;bottom:1041px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_201\" id=\"tm_201\" style=\"left:827px;bottom:1041px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"tn_201\" style=\"left:65px;bottom:1023px;letter-spacing:-0.2px;word-spacing:-0.14px;display:inline;\">Lease liabilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"to_201\" style=\"left:479px;bottom:1023px;letter-spacing:-0.25px;display:inline;\">427 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"tp_201\" style=\"left:567px;bottom:1023px;letter-spacing:-0.27px;display:inline;\">(28) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"tq_201\" style=\"left:663px;bottom:1023px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"tr_201\" style=\"left:737px;bottom:1023px;letter-spacing:-0.12px;display:inline;\">25 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"ts_201\" style=\"left:821px;bottom:1023px;letter-spacing:-0.27px;display:inline;\">426 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"tt_201\" style=\"left:65px;bottom:1005px;letter-spacing:-0.23px;word-spacing:-0.15px;display:inline;\">\u20ac500m 1.625% bonds 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"tu_201\" style=\"left:477px;bottom:1005px;letter-spacing:-0.15px;display:inline;\">534 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"tv_201\" style=\"left:578px;bottom:1005px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"tw_201\" style=\"left:655px;bottom:1005px;letter-spacing:-0.2px;display:inline;\">20 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"tx_201\" style=\"left:745px;bottom:1005px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"ty_201\" style=\"left:821px;bottom:1005px;letter-spacing:-0.17px;display:inline;\">555 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"tz_201\" style=\"left:65px;bottom:986px;letter-spacing:-0.22px;word-spacing:-0.16px;display:inline;\">\u00a3300m 3.75% bonds 2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t10_201\" style=\"left:478px;bottom:986px;letter-spacing:-0.17px;display:inline;\">365 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t11_201\" style=\"left:578px;bottom:986px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t12_201\" style=\"left:657px;bottom:986px;letter-spacing:-0.04px;display:inline;\">22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t13_201\" style=\"left:744px;bottom:986px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t14_201\" style=\"left:821px;bottom:986px;letter-spacing:-0.21px;display:inline;\">387 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t15_201\" style=\"left:65px;bottom:968px;letter-spacing:-0.24px;word-spacing:-0.14px;display:inline;\">\u00a3350m 2.125% bonds 2026 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t16_201\" style=\"left:478px;bottom:968px;letter-spacing:-0.27px;display:inline;\">423 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t17_201\" style=\"left:578px;bottom:968px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t18_201\" style=\"left:656px;bottom:968px;letter-spacing:-0.12px;display:inline;\">25 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t19_201\" style=\"left:745px;bottom:968px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1a_201\" style=\"left:820px;bottom:968px;letter-spacing:-0.12px;display:inline;\">449 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t1b_201\" style=\"left:65px;bottom:949px;letter-spacing:-0.24px;word-spacing:-0.15px;display:inline;\">\u20ac500m 2.125% bonds 2027 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1c_201\" style=\"left:477px;bottom:949px;letter-spacing:-0.16px;display:inline;\">539 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1d_201\" style=\"left:578px;bottom:949px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1e_201\" style=\"left:655px;bottom:949px;letter-spacing:-0.2px;display:inline;\">20 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1f_201\" style=\"left:744px;bottom:949px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1g_201\" style=\"left:821px;bottom:949px;letter-spacing:-0.2px;display:inline;\">559 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t1h_201\" style=\"left:65px;bottom:931px;letter-spacing:-0.21px;word-spacing:-0.18px;display:inline;\">\u00a3400m 3.375% bonds 2028 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1i_201\" style=\"left:476px;bottom:931px;letter-spacing:-0.18px;display:inline;\">480 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1j_201\" style=\"left:578px;bottom:931px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1k_201\" style=\"left:656px;bottom:931px;letter-spacing:-0.19px;display:inline;\">28 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1l_201\" style=\"left:745px;bottom:931px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1m_201\" style=\"left:820px;bottom:931px;letter-spacing:-0.21px;display:inline;\">509 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t1n_201\" style=\"left:65px;bottom:912px;letter-spacing:-0.21px;word-spacing:-0.18px;display:inline;\">\u20ac600m 4.375% bonds 2029 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1o_201\" style=\"left:492px;bottom:912px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1p_201\" style=\"left:564px;bottom:912px;letter-spacing:-0.23px;display:inline;\">657 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1q_201\" style=\"left:663px;bottom:912px;display:inline;\">8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1r_201\" style=\"left:740px;bottom:912px;letter-spacing:-0.29px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1s_201\" style=\"left:820px;bottom:912px;letter-spacing:-0.16px;display:inline;\">663 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1t_201\" style=\"left:469px;bottom:894px;letter-spacing:-0.3px;display:inline;\">2,768 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1u_201\" style=\"left:563px;bottom:894px;letter-spacing:-0.18px;display:inline;\">629 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1v_201\" style=\"left:652px;bottom:894px;letter-spacing:-0.18px;display:inline;\">125 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1w_201\" style=\"left:737px;bottom:894px;letter-spacing:-0.19px;display:inline;\">26 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1x_201\" style=\"left:811px;bottom:894px;letter-spacing:-0.18px;display:inline;\">3,548 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t1y_201\" style=\"left:65px;bottom:874px;letter-spacing:-0.26px;word-spacing:-0.12px;display:inline;\">Currency swaps </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1z_201\" style=\"left:491px;bottom:874px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t20_201\" style=\"left:578px;bottom:874px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t21_201\" style=\"left:664px;bottom:874px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t22_201\" style=\"left:738px;bottom:874px;letter-spacing:-0.22px;display:inline;\">16 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t23_201\" style=\"left:827px;bottom:874px;letter-spacing:-0.2px;display:inline;\">20 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t24_201\" style=\"left:65px;bottom:854px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Currency forwards </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t25_201\" style=\"left:492px;bottom:854px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t26_201\" style=\"left:578px;bottom:854px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t27_201\" style=\"left:664px;bottom:854px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t28_201\" style=\"left:736px;bottom:854px;letter-spacing:-0.31px;display:inline;\">(15) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t29_201\" style=\"left:826px;bottom:854px;letter-spacing:-0.31px;display:inline;\">(15) </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t2a_201\" style=\"left:470px;bottom:835px;letter-spacing:-0.2px;display:inline;\">2,772 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t2b_201\" style=\"left:563px;bottom:835px;letter-spacing:-0.18px;display:inline;\">629 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t2c_201\" style=\"left:652px;bottom:835px;letter-spacing:-0.18px;display:inline;\">125 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t2d_201\" style=\"left:738px;bottom:835px;letter-spacing:-0.17px;display:inline;\">27 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t2e_201\" style=\"left:811px;bottom:835px;letter-spacing:-0.2px;display:inline;\">3,553 </div></td></tr></table><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_201\" id=\"t2f_201\" style=\"left:448px;bottom:807px;letter-spacing:0.04px;word-spacing:-0.15px;display:inline;\">At 1 January </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_201\" id=\"t2i_201\" style=\"left:542px;bottom:807px;letter-spacing:0.07px;display:inline;\">Financing </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_201\" id=\"t2l_201\" style=\"left:627px;bottom:807px;letter-spacing:0.09px;display:inline;\">Exchange </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_201\" id=\"t2r_201\" style=\"left:773px;bottom:807px;letter-spacing:0.07px;word-spacing:-0.18px;display:inline;\">At 31 December </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_201\" id=\"t2g_201\" style=\"left:476px;bottom:796px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_201\" id=\"t2j_201\" style=\"left:539px;bottom:796px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">cash flows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_201\" id=\"t2m_201\" style=\"left:617px;bottom:796px;letter-spacing:0.08px;display:inline;\">adjustments </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s8_201\" id=\"t2o_201\" style=\"left:726px;bottom:796px;letter-spacing:0.12px;display:inline;\">Other </div><div class=\"t sa_201\" id=\"t2p_201\" style=\"vertical-align: super;left:751px;bottom:802px;display:inline;\">b </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_201\" id=\"t2s_201\" style=\"left:819px;bottom:796px;letter-spacing:0.17px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_201\" id=\"t2h_201\" style=\"left:484px;bottom:785px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_201\" id=\"t2k_201\" style=\"left:570px;bottom:785px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_201\" id=\"t2n_201\" style=\"left:655px;bottom:785px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_201\" id=\"t2q_201\" style=\"left:737px;bottom:785px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_201\" id=\"t2t_201\" style=\"left:827px;bottom:785px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t2u_201\" style=\"left:65px;bottom:768px;letter-spacing:-0.2px;word-spacing:-0.14px;display:inline;\">Lease liabilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t2v_201\" style=\"left:481px;bottom:768px;letter-spacing:-0.29px;display:inline;\">419 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t2w_201\" style=\"left:568px;bottom:768px;letter-spacing:-0.3px;display:inline;\">(36) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t2x_201\" style=\"left:660px;bottom:768px;letter-spacing:-0.49px;display:inline;\">(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t2y_201\" style=\"left:737px;bottom:768px;letter-spacing:-0.07px;display:inline;\">48 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t2z_201\" style=\"left:823px;bottom:768px;letter-spacing:-0.22px;display:inline;\">427 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t30_201\" style=\"left:65px;bottom:749px;letter-spacing:-0.22px;word-spacing:-0.16px;display:inline;\">\u00a3173m 3.875% bonds 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t31_201\" style=\"left:479px;bottom:749px;letter-spacing:-0.17px;display:inline;\">233 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t32_201\" style=\"left:561px;bottom:749px;letter-spacing:-0.21px;display:inline;\">(209) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t33_201\" style=\"left:654px;bottom:749px;letter-spacing:-0.32px;display:inline;\">(24) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t34_201\" style=\"left:744px;bottom:749px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t35_201\" style=\"left:836px;bottom:749px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t36_201\" style=\"left:65px;bottom:731px;letter-spacing:-0.23px;word-spacing:-0.15px;display:inline;\">\u20ac500m 1.625% bonds 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t37_201\" style=\"left:479px;bottom:731px;letter-spacing:-0.14px;display:inline;\">565 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t38_201\" style=\"left:578px;bottom:731px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t39_201\" style=\"left:654px;bottom:731px;letter-spacing:-0.33px;display:inline;\">(32) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3a_201\" style=\"left:746px;bottom:731px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3b_201\" style=\"left:822px;bottom:731px;letter-spacing:-0.11px;display:inline;\">534 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3c_201\" style=\"left:65px;bottom:712px;letter-spacing:-0.22px;word-spacing:-0.16px;display:inline;\">\u00a3300m 3.75% bonds 2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3d_201\" style=\"left:478px;bottom:712px;letter-spacing:-0.14px;display:inline;\">408 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3e_201\" style=\"left:578px;bottom:712px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3f_201\" style=\"left:654px;bottom:712px;letter-spacing:-0.28px;display:inline;\">(45) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3g_201\" style=\"left:744px;bottom:712px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3h_201\" style=\"left:822px;bottom:712px;letter-spacing:-0.1px;display:inline;\">365 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3i_201\" style=\"left:65px;bottom:694px;letter-spacing:-0.24px;word-spacing:-0.14px;display:inline;\">\u00a3350m 2.125% bonds 2026 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3j_201\" style=\"left:480px;bottom:694px;letter-spacing:-0.36px;display:inline;\">473 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3k_201\" style=\"left:578px;bottom:694px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3l_201\" style=\"left:653px;bottom:694px;letter-spacing:-0.29px;display:inline;\">(50) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3m_201\" style=\"left:744px;bottom:694px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3n_201\" style=\"left:822px;bottom:694px;letter-spacing:-0.26px;display:inline;\">423 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3o_201\" style=\"left:65px;bottom:675px;letter-spacing:-0.24px;word-spacing:-0.15px;display:inline;\">\u20ac500m 2.125% bonds 2027 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3p_201\" style=\"left:479px;bottom:675px;letter-spacing:-0.33px;display:inline;\">570 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3q_201\" style=\"left:578px;bottom:675px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3r_201\" style=\"left:654px;bottom:675px;letter-spacing:-0.33px;display:inline;\">(32) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3s_201\" style=\"left:746px;bottom:675px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3t_201\" style=\"left:822px;bottom:675px;letter-spacing:-0.12px;display:inline;\">539 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3u_201\" style=\"left:65px;bottom:657px;letter-spacing:-0.21px;word-spacing:-0.18px;display:inline;\">\u00a3400m 3.375% bonds 2028 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3v_201\" style=\"left:480px;bottom:657px;letter-spacing:-0.2px;display:inline;\">537 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3w_201\" style=\"left:578px;bottom:657px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3x_201\" style=\"left:654px;bottom:657px;letter-spacing:-0.14px;display:inline;\">(57) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3y_201\" style=\"left:744px;bottom:657px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3z_201\" style=\"left:821px;bottom:657px;letter-spacing:-0.11px;display:inline;\">480 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t40_201\" style=\"left:469px;bottom:638px;letter-spacing:-0.16px;display:inline;\">3,205 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t41_201\" style=\"left:562px;bottom:638px;letter-spacing:-0.21px;display:inline;\">(245) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t42_201\" style=\"left:647px;bottom:638px;letter-spacing:-0.24px;display:inline;\">(244) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t43_201\" style=\"left:738px;bottom:638px;letter-spacing:-0.4px;display:inline;\">52 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t44_201\" style=\"left:814px;bottom:638px;letter-spacing:-0.31px;display:inline;\">2,768 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t45_201\" style=\"left:65px;bottom:618px;letter-spacing:-0.26px;word-spacing:-0.12px;display:inline;\">Currency swaps </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t46_201\" style=\"left:486px;bottom:618px;letter-spacing:-0.21px;display:inline;\">62 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t47_201\" style=\"left:578px;bottom:618px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t48_201\" style=\"left:664px;bottom:618px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t49_201\" style=\"left:734px;bottom:618px;letter-spacing:-0.27px;display:inline;\">(58) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t4a_201\" style=\"left:835px;bottom:618px;display:inline;\">4 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t4b_201\" style=\"left:471px;bottom:600px;letter-spacing:-0.19px;display:inline;\">3,267 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t4c_201\" style=\"left:562px;bottom:600px;letter-spacing:-0.21px;display:inline;\">(245) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t4d_201\" style=\"left:647px;bottom:600px;letter-spacing:-0.24px;display:inline;\">(244) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t4e_201\" style=\"left:741px;bottom:600px;letter-spacing:-0.38px;display:inline;\">(6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t4f_201\" style=\"left:815px;bottom:600px;letter-spacing:-0.2px;display:inline;\">2,772 </div></td></tr></table>\n<div class=\"t sb_201\" id=\"t4g_201\" style=\"left:65px;bottom:576px;display:inline;\">a </div><div class=\"t s8_201\" id=\"t4h_201\" style=\"left:74px;bottom:572px;letter-spacing:0.05px;word-spacing:-0.16px;display:inline;\">The non-cash increase in lease liabilities principally arises from additions and other re-measurements. </div><div class=\"t sb_201\" id=\"t4i_201\" style=\"left:65px;bottom:558px;display:inline;\">b </div><div class=\"t s8_201\" id=\"t4j_201\" style=\"left:74px;bottom:554px;letter-spacing:0.03px;word-spacing:-0.14px;display:inline;\">The change in value of currency swaps represents fair value movements and, in 2023, additions. </div><div class=\"t s0_201\" id=\"t4k_201\" style=\"left:65px;bottom:514px;word-spacing:-0.14px;display:inline;\">24. Financial risk management and derivative financial instruments </div><div class=\"t sc_201\" id=\"t4l_201\" style=\"left:65px;bottom:499px;letter-spacing:0.01px;display:inline;\">Overview </div><div class=\"t s3_201\" id=\"t4m_201\" style=\"left:65px;bottom:484px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">The Group is exposed to financial risks that arise in relation to underlying business activities. These risks include: market risk, liquidity risk, </div><div class=\"t s2_201\" id=\"t4n_201\" style=\"left:65px;bottom:469px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">credit risk and capital risk. There are Board approved policies in place to manage these risks. Treasury activities to manage these risks may </div><div class=\"t s2_201\" id=\"t4o_201\" style=\"left:65px;bottom:453px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">include money market funds, repurchase agreements, spot and forward foreign exchange instruments, currency swaps, interest rate swaps </div><div class=\"t s2_201\" id=\"t4p_201\" style=\"left:65px;bottom:438px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">and forward rate agreements. </div><div class=\"t sc_201\" id=\"t4q_201\" style=\"left:65px;bottom:415px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Market risk </div><div class=\"t s2_201\" id=\"t4r_201\" style=\"left:65px;bottom:400px;letter-spacing:-0.09px;word-spacing:-0.07px;display:inline;\">Market risk is the risk that the fair value or future cash </div><div class=\"t s3_201\" id=\"t4s_201\" style=\"left:363px;bottom:400px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">flows o</div><div class=\"t s2_201\" id=\"t4t_201\" style=\"left:402px;bottom:400px;letter-spacing:-0.18px;display:inline;\">f a </div><div class=\"t s3_201\" id=\"t4u_201\" style=\"left:418px;bottom:400px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">financial instrument will fluctuate because o</div><div class=\"t s2_201\" id=\"t4v_201\" style=\"left:663px;bottom:400px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">f changes in market prices. </div><div class=\"t s2_201\" id=\"t4w_201\" style=\"left:65px;bottom:385px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Market risk comprises: foreign exchange risk and interest rate risk. Financial instruments a\ufb00ected by market risk include loans and other </div><div class=\"t s2_201\" id=\"t4x_201\" style=\"left:65px;bottom:369px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">borrowings, cash and cash equivalents, debt and equity investments and derivatives. </div><div class=\"t sd_201\" id=\"t4y_201\" style=\"left:65px;bottom:346px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">Foreign exchange risk </div><div class=\"t s2_201\" id=\"t4z_201\" style=\"left:65px;bottom:331px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">Movements in foreign exchange rates can a\ufb00ect the Group\u2019s reported pro</div><div class=\"t s3_201\" id=\"t50_201\" style=\"left:475px;bottom:331px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">fit or loss, net liabilities and its interest cover. The most significant </div><div class=\"t s2_201\" id=\"t51_201\" style=\"left:65px;bottom:316px;letter-spacing:-0.13px;word-spacing:-0.08px;display:inline;\">exposures of the Group are in currencies that are freely convertible. The Group\u2019s reported debt has an exposure to borrowings held in sterling </div><div class=\"t s2_201\" id=\"t52_201\" style=\"left:65px;bottom:301px;letter-spacing:-0.09px;word-spacing:-0.1px;display:inline;\">and euros. After the e\ufb00ect of currency swaps, the Group holds its bond debt in sterling, which is the primary currency of shareholder returns, </div><div class=\"t s2_201\" id=\"t53_201\" style=\"left:65px;bottom:285px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">and in US dollars, the predominant currency of the Group\u2019s revenue and cash </div><div class=\"t s3_201\" id=\"t54_201\" style=\"left:497px;bottom:285px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">flows. US dollar borrowing or currency derivatives may also </div><div class=\"t s2_201\" id=\"t55_201\" style=\"left:65px;bottom:270px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">act as a net investment hedge of US dollar denominated assets. </div><div class=\"t s2_201\" id=\"t56_201\" style=\"left:65px;bottom:247px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">When the Group borrows in currencies di\ufb00erent from the functional currency of the borrowing entity, currency swaps are transacted at the </div><div class=\"t s2_201\" id=\"t57_201\" style=\"left:65px;bottom:232px;letter-spacing:-0.05px;word-spacing:-0.08px;display:inline;\">same time to minimise foreign exchange risk. Currency swaps were transacted against the \u20ac500m 2.125% 2027 and \u20ac500m 1.625% 2024 </div><div class=\"t s3_201\" id=\"t58_201\" style=\"left:65px;bottom:217px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">bonds, in November 2018 and October 2020 respectively, swapping the bonds\u2019 proceeds and interest flows into sterling. Similar currency </div><div class=\"t s3_201\" id=\"t59_201\" style=\"left:65px;bottom:201px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">swaps were transacted against the \u20ac600m 4.375% 2029 bonds in November 2023, swapping the bond proceeds and interest flows into </div><div class=\"t s2_201\" id=\"t5a_201\" style=\"left:65px;bottom:186px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">US dollars (see page 200). </div><div class=\"t sd_201\" id=\"t5b_201\" style=\"left:65px;bottom:163px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">Interest rate risk </div><div class=\"t s3_201\" id=\"t5c_201\" style=\"left:65px;bottom:148px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">The Group is exposed to interest rate risk in relation to its fixed and floating rate borrowings. The Group\u2019s policy requires a minimum o</div><div class=\"t s2_201\" id=\"t5d_201\" style=\"left:806px;bottom:148px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">f 50% </div><div class=\"t s3_201\" id=\"t5e_201\" style=\"left:65px;bottom:133px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">fixed rate debt over the next 12 months. With the exception o</div><div class=\"t s2_201\" id=\"t5f_201\" style=\"left:403px;bottom:133px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">f overdrafts, 100% of borrowings were </div><div class=\"t s3_201\" id=\"t5g_201\" style=\"left:618px;bottom:133px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">fixed rate debt at 31 December 2023 </div><div class=\"t s2_201\" id=\"t5h_201\" style=\"left:65px;bottom:117px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">(2022: 100%). </div><div class=\"t sd_201\" id=\"t5i_201\" style=\"left:65px;bottom:31px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\"> </div><div class=\"t m0_201 se_201\" id=\"t5j_201\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t sd_201\" id=\"t5k_201\" style=\"left:825px;bottom:31px;letter-spacing:0.09px;display:inline;\"></div><div></div><div class=\"t s4_202\" id=\"t5_202\" style=\"left:65px;bottom:1100px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Derivative financial instruments </div><div class=\"t s5_202\" id=\"t6_202\" style=\"left:65px;bottom:1084px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Derivatives are recorded in the Group statement of </div><div class=\"t s6_202\" id=\"t7_202\" style=\"left:350px;bottom:1084px;letter-spacing:-0.05px;word-spacing:-0.11px;display:inline;\">financial position at </div><div class=\"t s5_202\" id=\"t8_202\" style=\"left:462px;bottom:1084px;letter-spacing:-0.1px;word-spacing:-0.05px;display:inline;\">fair value (see note 25) as follows: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_202\" id=\"ta_202\" style=\"left:752px;bottom:1062px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_202\" id=\"tc_202\" style=\"left:819px;bottom:1062px;letter-spacing:0.17px;display:inline;\">2022 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_202\" id=\"t9_202\" style=\"left:65px;bottom:1052px;letter-spacing:0.05px;display:inline;\">Derivatives </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_202\" id=\"tb_202\" style=\"left:761px;bottom:1052px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_202\" id=\"td_202\" style=\"left:827px;bottom:1052px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"te_202\" style=\"left:65px;bottom:1034px;letter-spacing:-0.26px;word-spacing:-0.12px;display:inline;\">Currency swaps </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_202\" id=\"tf_202\" style=\"left:758px;bottom:1034px;letter-spacing:-0.28px;display:inline;\">(20) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"tg_202\" style=\"left:832px;bottom:1034px;letter-spacing:-0.49px;display:inline;\">(4) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_202\" id=\"th_202\" style=\"left:65px;bottom:1015px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Currency forwards </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_202\" id=\"ti_202\" style=\"left:764px;bottom:1015px;letter-spacing:-0.18px;display:inline;\">15 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"tj_202\" style=\"left:836px;bottom:1015px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"tk_202\" style=\"left:65px;bottom:978px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Analysed as: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"tl_202\" style=\"left:73px;bottom:960px;letter-spacing:-0.19px;word-spacing:-0.17px;display:inline;\">Non-current assets </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_202\" id=\"tm_202\" style=\"left:761px;bottom:960px;letter-spacing:-0.2px;display:inline;\">20 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"tn_202\" style=\"left:836px;bottom:960px;display:inline;\">7 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"to_202\" style=\"left:73px;bottom:941px;letter-spacing:-0.22px;word-spacing:-0.12px;display:inline;\">Current liabilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_202\" id=\"tp_202\" style=\"left:759px;bottom:941px;letter-spacing:-0.25px;display:inline;\">(25) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"tq_202\" style=\"left:836px;bottom:941px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"tr_202\" style=\"left:73px;bottom:923px;letter-spacing:-0.2px;word-spacing:-0.15px;display:inline;\">Non-current liabilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_202\" id=\"ts_202\" style=\"left:769px;bottom:923px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"tt_202\" style=\"left:830px;bottom:923px;letter-spacing:-0.33px;display:inline;\">(11) </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_202\" id=\"tu_202\" style=\"left:765px;bottom:904px;letter-spacing:-0.37px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"tv_202\" style=\"left:832px;bottom:904px;letter-spacing:-0.49px;display:inline;\">(4) </div></td></tr></table>\n<div class=\"t s5_202\" id=\"tw_202\" style=\"left:65px;bottom:871px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The carrying amount of currency swaps and forwards comprises $2m loss (2022: $4m loss) relating to exchange movements on the </div><div class=\"t s5_202\" id=\"tx_202\" style=\"left:65px;bottom:856px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">underlying principal, included within net debt (see note 23), and a $3m loss (2022: $nil) relating to other fair value movements. </div><div class=\"t s5_202\" id=\"ty_202\" style=\"left:65px;bottom:833px;letter-spacing:-0.08px;word-spacing:-0.08px;display:inline;\">Details of the credit risk on derivative </div><div class=\"t s6_202\" id=\"tz_202\" style=\"left:273px;bottom:833px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">financial instruments are included on page 203. </div><div class=\"t s5_202\" id=\"t10_202\" style=\"left:65px;bottom:810px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Currency swaps and forwards have been transacted as follows: </div><table><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_202\" id=\"t11_202\" style=\"left:65px;bottom:788px;letter-spacing:0.06px;word-spacing:-0.16px;display:inline;\">Date of designation </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_202\" id=\"t12_202\" style=\"left:169px;bottom:788px;letter-spacing:0.12px;word-spacing:-0.21px;display:inline;\">Hedge type </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_202\" id=\"t13_202\" style=\"left:235px;bottom:788px;letter-spacing:0.02px;word-spacing:-0.12px;display:inline;\">Pay leg </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_202\" id=\"t14_202\" style=\"left:283px;bottom:788px;letter-spacing:0.05px;word-spacing:-0.15px;display:inline;\">Interest rate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_202\" id=\"t15_202\" style=\"left:349px;bottom:788px;letter-spacing:0.06px;word-spacing:-0.16px;display:inline;\">Receive leg </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_202\" id=\"t16_202\" style=\"left:415px;bottom:788px;letter-spacing:0.05px;word-spacing:-0.15px;display:inline;\">Interest rate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_202\" id=\"t17_202\" style=\"left:481px;bottom:788px;letter-spacing:0.07px;display:inline;\">Maturity </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_202\" id=\"t18_202\" style=\"left:567px;bottom:788px;letter-spacing:0.11px;display:inline;\">Risk </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_202\" id=\"t19_202\" style=\"left:672px;bottom:788px;letter-spacing:0.1px;word-spacing:-0.19px;display:inline;\">Hedged item </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1a_202\" style=\"left:65px;bottom:770px;letter-spacing:-0.24px;word-spacing:-0.15px;display:inline;\">November 2018 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1b_202\" style=\"left:169px;bottom:770px;letter-spacing:-0.21px;word-spacing:-0.16px;display:inline;\">Cash flow </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1c_202\" style=\"left:235px;bottom:770px;letter-spacing:-0.1px;display:inline;\">\u00a3436m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1d_202\" style=\"left:283px;bottom:770px;letter-spacing:-0.2px;display:inline;\">3.5% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1e_202\" style=\"left:349px;bottom:770px;letter-spacing:-0.16px;display:inline;\">\u20ac500m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1f_202\" style=\"left:415px;bottom:770px;letter-spacing:-0.32px;display:inline;\">2.125% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1g_202\" style=\"left:481px;bottom:770px;letter-spacing:-0.25px;word-spacing:-0.14px;display:inline;\">May 2027 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1h_202\" style=\"left:567px;bottom:770px;letter-spacing:-0.27px;word-spacing:-0.1px;display:inline;\">Foreign exchange </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1i_202\" style=\"left:672px;bottom:770px;letter-spacing:-0.24px;word-spacing:-0.15px;display:inline;\">\u20ac500m 2.125% bonds 2027 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1j_202\" style=\"left:65px;bottom:752px;letter-spacing:-0.22px;word-spacing:-0.16px;display:inline;\">October 2020 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1k_202\" style=\"left:169px;bottom:752px;letter-spacing:-0.21px;word-spacing:-0.16px;display:inline;\">Cash flow </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1l_202\" style=\"left:235px;bottom:752px;letter-spacing:-0.1px;display:inline;\">\u00a3454m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1m_202\" style=\"left:283px;bottom:752px;letter-spacing:-0.26px;display:inline;\">2.7% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1n_202\" style=\"left:349px;bottom:752px;letter-spacing:-0.16px;display:inline;\">\u20ac500m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1o_202\" style=\"left:415px;bottom:752px;letter-spacing:-0.24px;display:inline;\">1.625% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1p_202\" style=\"left:481px;bottom:752px;letter-spacing:-0.23px;word-spacing:-0.15px;display:inline;\">October 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1q_202\" style=\"left:567px;bottom:752px;letter-spacing:-0.27px;word-spacing:-0.1px;display:inline;\">Foreign exchange </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1r_202\" style=\"left:672px;bottom:752px;letter-spacing:-0.23px;word-spacing:-0.15px;display:inline;\">\u20ac500m 1.625% bonds 2024 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1s_202\" style=\"left:65px;bottom:733px;letter-spacing:-0.24px;word-spacing:-0.15px;display:inline;\">November 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1t_202\" style=\"left:169px;bottom:733px;letter-spacing:-0.21px;word-spacing:-0.16px;display:inline;\">Cash flow </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1u_202\" style=\"left:235px;bottom:733px;letter-spacing:-0.25px;display:inline;\">$657m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1v_202\" style=\"left:283px;bottom:733px;letter-spacing:-0.25px;display:inline;\">6.0% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1w_202\" style=\"left:349px;bottom:733px;letter-spacing:-0.15px;display:inline;\">\u20ac600m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1x_202\" style=\"left:415px;bottom:733px;letter-spacing:-0.21px;display:inline;\">4.375% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1y_202\" style=\"left:481px;bottom:733px;letter-spacing:-0.24px;word-spacing:-0.15px;display:inline;\">November 2029 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1z_202\" style=\"left:567px;bottom:733px;letter-spacing:-0.27px;word-spacing:-0.1px;display:inline;\">Foreign exchange </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t20_202\" style=\"left:672px;bottom:733px;letter-spacing:-0.21px;word-spacing:-0.18px;display:inline;\">\u20ac600m 4.375% bonds 2029 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t21_202\" style=\"left:65px;bottom:715px;letter-spacing:-0.22px;word-spacing:-0.16px;display:inline;\">October 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t22_202\" style=\"left:169px;bottom:715px;letter-spacing:-0.14px;display:inline;\">Net </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t24_202\" style=\"left:235px;bottom:715px;letter-spacing:-0.22px;display:inline;\">$425m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t25_202\" style=\"left:283px;bottom:715px;letter-spacing:-0.46px;display:inline;\">n/a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t26_202\" style=\"left:349px;bottom:715px;letter-spacing:-0.1px;display:inline;\">\u00a3344m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t27_202\" style=\"left:415px;bottom:715px;letter-spacing:-0.46px;display:inline;\">n/a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t28_202\" style=\"left:481px;bottom:715px;letter-spacing:-0.22px;word-spacing:-0.16px;display:inline;\">October 2028 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_202\" id=\"t29_202\" style=\"left:567px;bottom:715px;letter-spacing:-0.23px;word-spacing:-0.11px;display:inline;\">Spot foreign </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_202\" id=\"t2b_202\" style=\"left:672px;bottom:715px;letter-spacing:-0.19px;word-spacing:-0.28px;display:inline;\">Net assets of speci</div><div class=\"t sa_202\" id=\"t2c_202\" style=\"left:764px;bottom:715px;letter-spacing:-0.18px;word-spacing:-0.28px;display:inline;\">fied subsidiaries </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t23_202\" style=\"left:169px;bottom:702px;letter-spacing:-0.25px;display:inline;\">investment </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t2a_202\" style=\"left:567px;bottom:702px;letter-spacing:-0.27px;display:inline;\">exchange </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_202\" id=\"t2d_202\" style=\"left:672px;bottom:702px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">with US dollar foreign currency </div></td></tr></table>\n<div class=\"t s4_202\" id=\"t2e_202\" style=\"left:65px;bottom:668px;letter-spacing:0.01px;word-spacing:-0.14px;display:inline;\">Cash flow hedges </div><div class=\"t s6_202\" id=\"t2f_202\" style=\"left:65px;bottom:653px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">There is an economic relationship between the hedged item and the hedging instrument as the critical terms are aligned, such that the </div><div class=\"t s6_202\" id=\"t2g_202\" style=\"left:65px;bottom:638px;letter-spacing:-0.11px;word-spacing:-0.05px;display:inline;\">hedge ratio is 1:1. </div><div class=\"t s5_202\" id=\"t2h_202\" style=\"left:65px;bottom:615px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">The change in the fair value of hedging instruments used to measure hedge ine\ufb00ectiveness in the period mirrors that of the hypothetical </div><div class=\"t s6_202\" id=\"t2i_202\" style=\"left:65px;bottom:599px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">derivative (hedged item) and was $14m loss (2022: $48m gain). </div><div class=\"t s5_202\" id=\"t2j_202\" style=\"left:65px;bottom:576px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Hedge ine\ufb00ectiveness arises where the cumulative change in the fair value of the swaps exceeds the change in fair value of the future </div><div class=\"t s6_202\" id=\"t2k_202\" style=\"left:65px;bottom:561px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">cash flows o</div><div class=\"t s5_202\" id=\"t2l_202\" style=\"left:134px;bottom:561px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">f the bonds, and may be due to any opening fair value of the hedging instrument, or a change in the credit risk of the Group </div><div class=\"t s6_202\" id=\"t2m_202\" style=\"left:65px;bottom:546px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">or counterparty. There was no cumulative ine\ufb00ectiveness in 2023 or 2022. </div><div class=\"t s6_202\" id=\"t2n_202\" style=\"left:65px;bottom:523px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Amounts recognised in the cash flow hedge reserves are analysed in note 29. </div><div class=\"t s4_202\" id=\"t2o_202\" style=\"left:65px;bottom:500px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Net investment hedges </div><div class=\"t s5_202\" id=\"t2p_202\" style=\"left:65px;bottom:485px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The Group designates the following as net investment hedges of its foreign operations, being the net assets of certain Group subsidiaries </div><div class=\"t s5_202\" id=\"t2q_202\" style=\"left:65px;bottom:470px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">with a US dollar functional currency: </div><div class=\"t s4_202\" id=\"t2r_202\" style=\"left:65px;bottom:447px;display:inline;\">\u2022 </div><div class=\"t s6_202\" id=\"t2s_202\" style=\"left:74px;bottom:447px;letter-spacing:-0.06px;word-spacing:-0.07px;display:inline;\">Borrowings under the RCF; </div><div class=\"t s4_202\" id=\"t2t_202\" style=\"left:65px;bottom:428px;display:inline;\">\u2022 </div><div class=\"t s5_202\" id=\"t2u_202\" style=\"left:74px;bottom:428px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">Long-dated currency forward contracts; and </div><div class=\"t s4_202\" id=\"t2v_202\" style=\"left:65px;bottom:408px;display:inline;\">\u2022 </div><div class=\"t s5_202\" id=\"t2w_202\" style=\"left:74px;bottom:408px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Certain short-dated foreign exchange swaps. </div><div class=\"t s5_202\" id=\"t2x_202\" style=\"left:65px;bottom:386px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">There is an economic relationship between the hedged item and the hedging instrument as the net investment creates a foreign exchange </div><div class=\"t s5_202\" id=\"t2y_202\" style=\"left:65px;bottom:370px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">risk that will match the foreign exchange risk on the US dollar borrowings or foreign exchange swaps or forwards. The hedge ratio is 1:1 </div><div class=\"t s5_202\" id=\"t2z_202\" style=\"left:65px;bottom:355px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">as the underlying risk of the hedging instrument is identical to the hedged risk component. Hedge e\ufb00ectiveness is assessed by comparing </div><div class=\"t s5_202\" id=\"t30_202\" style=\"left:65px;bottom:340px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">changes in the carrying amount of the hedging instrument that is attributable to a change in the spot rate with changes in the investment </div><div class=\"t s5_202\" id=\"t31_202\" style=\"left:65px;bottom:324px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">in the foreign operation due to movements in the spot rate. </div><div class=\"t s5_202\" id=\"t32_202\" style=\"left:65px;bottom:301px;letter-spacing:-0.11px;word-spacing:-0.09px;display:inline;\">The change in value of hedging instruments recognised in the currency translation reserve through other comprehensive income was a gain </div><div class=\"t s5_202\" id=\"t33_202\" style=\"left:65px;bottom:286px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">of $15m (2022: $6m loss). There was no ine\ufb00ectiveness recognised in the Group income statement during the current or prior year. </div><div class=\"t se_202\" id=\"t34_202\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t s4_202\" id=\"t35_202\" style=\"left:65px;bottom:31px;letter-spacing:0.1px;display:inline;\"></div><div></div><div class=\"t s2_203\" id=\"t3_203\" style=\"left:65px;bottom:1100px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Interest and foreign exchange risk sensitivities </div><div class=\"t s3_203\" id=\"t4_203\" style=\"left:65px;bottom:1084px;letter-spacing:-0.09px;word-spacing:-0.09px;display:inline;\">The following table shows the impact of a general strengthening in the US dollar against sterling and euro on the Group\u2019s pro</div><div class=\"t s4_203\" id=\"t5_203\" style=\"left:754px;bottom:1084px;letter-spacing:-0.05px;word-spacing:-0.14px;display:inline;\">fit or loss be</div><div class=\"t s3_203\" id=\"t6_203\" style=\"left:822px;bottom:1084px;letter-spacing:-0.16px;display:inline;\">fore </div><div class=\"t s3_203\" id=\"t7_203\" style=\"left:65px;bottom:1069px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">tax and net liabilities, and the impact of a rise in US dollar, euro and sterling interest rates on the Group\u2019s pro</div><div class=\"t s4_203\" id=\"t8_203\" style=\"left:664px;bottom:1069px;letter-spacing:-0.02px;word-spacing:-0.14px;display:inline;\">fit be</div><div class=\"t s3_203\" id=\"t9_203\" style=\"left:692px;bottom:1069px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">fore tax. The impact of the </div><div class=\"t s3_203\" id=\"ta_203\" style=\"left:65px;bottom:1054px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">strengthening in the euro against sterling on net liabilities is also shown, as this impacts the fair value of the currency swaps. </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_203\" id=\"tb_203\" style=\"left:686px;bottom:1033px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_203\" id=\"td_203\" style=\"left:753px;bottom:1033px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_203\" id=\"tf_203\" style=\"left:821px;bottom:1033px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_203\" id=\"tc_203\" style=\"left:695px;bottom:1022px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_203\" id=\"te_203\" style=\"left:761px;bottom:1022px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_203\" id=\"tg_203\" style=\"left:827px;bottom:1022px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"th_203\" style=\"left:65px;bottom:1005px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">(Decrease)/increase in profit be</div><div class=\"t s8_203\" id=\"ti_203\" style=\"left:225px;bottom:1005px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">fore tax </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"tj_203\" style=\"left:65px;bottom:989px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Sterling: US dollar exchange rate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"tk_203\" style=\"left:329px;bottom:989px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">$0.05 fall </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"tl_203\" style=\"left:694px;bottom:989px;letter-spacing:-0.39px;display:inline;\">(14) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"tm_203\" style=\"left:766px;bottom:989px;letter-spacing:-0.4px;display:inline;\">(3) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"tn_203\" style=\"left:836px;bottom:989px;display:inline;\">7 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"to_203\" style=\"left:65px;bottom:972px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">Euro: US dollar exchange rate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"tp_203\" style=\"left:329px;bottom:972px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">$0.05 fall </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"tq_203\" style=\"left:699px;bottom:972px;letter-spacing:-0.42px;display:inline;\">(3) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"tr_203\" style=\"left:770px;bottom:972px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"ts_203\" style=\"left:836px;bottom:972px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"tt_203\" style=\"left:65px;bottom:955px;letter-spacing:-0.23px;word-spacing:-0.11px;display:inline;\">US dollar interest rates </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"tu_203\" style=\"left:329px;bottom:955px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">1% increase </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"tv_203\" style=\"left:703px;bottom:955px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"tw_203\" style=\"left:769px;bottom:955px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"tx_203\" style=\"left:836px;bottom:955px;display:inline;\">7 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"ty_203\" style=\"left:65px;bottom:939px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Sterling interest rates </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"tz_203\" style=\"left:329px;bottom:939px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">1% increase </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t10_203\" style=\"left:702px;bottom:939px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t11_203\" style=\"left:769px;bottom:939px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t12_203\" style=\"left:835px;bottom:939px;display:inline;\">5 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t13_203\" style=\"left:65px;bottom:921px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">(Increase)/decrease in net liabilities </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t14_203\" style=\"left:65px;bottom:904px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Sterling: US dollar exchange rate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t15_203\" style=\"left:329px;bottom:904px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">$0.05 fall </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t16_203\" style=\"left:695px;bottom:904px;letter-spacing:-0.32px;display:inline;\">(12) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t17_203\" style=\"left:764px;bottom:904px;letter-spacing:-0.16px;display:inline;\">27 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t18_203\" style=\"left:829px;bottom:904px;letter-spacing:-0.17px;display:inline;\">29 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t19_203\" style=\"left:65px;bottom:888px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">Euro: US dollar exchange rate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t1a_203\" style=\"left:329px;bottom:888px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">$0.05 fall </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t1b_203\" style=\"left:695px;bottom:888px;letter-spacing:-0.17px;display:inline;\">49 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t1c_203\" style=\"left:762px;bottom:888px;letter-spacing:-0.24px;display:inline;\">50 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t1d_203\" style=\"left:828px;bottom:888px;letter-spacing:-0.24px;display:inline;\">50 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t1e_203\" style=\"left:65px;bottom:871px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">Sterling: euro exchange rate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t1f_203\" style=\"left:329px;bottom:871px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">\u20ac0.05 fall </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t1g_203\" style=\"left:695px;bottom:871px;letter-spacing:-0.13px;display:inline;\">64 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t1h_203\" style=\"left:761px;bottom:871px;letter-spacing:-0.14px;display:inline;\">60 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t1i_203\" style=\"left:829px;bottom:871px;letter-spacing:-0.22px;display:inline;\">67 </div></td></tr></table>\n<div class=\"t s3_203\" id=\"t1j_203\" style=\"left:65px;bottom:839px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Interest rate sensitivity relates to cash balances and would only be realised to the extent deposit rates increase by 1%. </div><div class=\"t s3_203\" id=\"t1k_203\" style=\"left:65px;bottom:816px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Interest rate sensitivities include the impact of hedging and are calculated based on the year-end net debt position. </div><div class=\"t sa_203\" id=\"t1l_203\" style=\"left:65px;bottom:793px;letter-spacing:-0.02px;word-spacing:-0.13px;display:inline;\">Liquidity risk </div><div class=\"t s3_203\" id=\"t1m_203\" style=\"left:65px;bottom:778px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Group policy ensures su\ufb00icient liquidity is maintained to meet all foreseeable medium-term cash requirements and provide headroom </div><div class=\"t s3_203\" id=\"t1n_203\" style=\"left:65px;bottom:763px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">against unforeseen obligations. </div><div class=\"t s3_203\" id=\"t1o_203\" style=\"left:65px;bottom:740px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Cash and cash equivalents are held in short-term deposits, repurchase agreements and cash funds which allow daily withdrawals of cash. </div><div class=\"t s3_203\" id=\"t1p_203\" style=\"left:65px;bottom:724px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Most of the Group\u2019s funds are held in the UK or US, although $30m (2022: $24m) is held in countries where repatriation is restricted </div><div class=\"t s3_203\" id=\"t1q_203\" style=\"left:65px;bottom:709px;letter-spacing:-0.13px;word-spacing:-0.02px;display:inline;\">(see note 18). </div><div class=\"t s3_203\" id=\"t1r_203\" style=\"left:65px;bottom:686px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Medium- and long-term borrowing requirements are met through committed bank facilities and bonds as detailed in note 22. </div><div class=\"t s4_203\" id=\"t1s_203\" style=\"left:65px;bottom:663px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">The RCF contains two financial covenants: interest cover (Covenant EBITDA: Covenant interest payable) and a leverage ratio (Covenant net </div><div class=\"t s3_203\" id=\"t1t_203\" style=\"left:65px;bottom:648px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">debt: Covenant EBITDA). These are tested at half year and full year on a trailing 12-month basis. </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_203\" id=\"t1u_203\" style=\"left:648px;bottom:631px;letter-spacing:0.12px;word-spacing:-0.21px;display:inline;\">31 December </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_203\" id=\"t1w_203\" style=\"left:784px;bottom:631px;letter-spacing:0.12px;word-spacing:-0.21px;display:inline;\">31 December </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_203\" id=\"t1v_203\" style=\"left:640px;bottom:620px;letter-spacing:0.1px;word-spacing:-0.19px;display:inline;\">2023 and 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_203\" id=\"t1x_203\" style=\"left:820px;bottom:620px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_203\" id=\"t1y_203\" style=\"left:65px;bottom:603px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Covenant test levels for RCF </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t1z_203\" style=\"left:65px;bottom:587px;letter-spacing:-0.24px;display:inline;\">Leverage </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t20_203\" style=\"left:677px;bottom:587px;letter-spacing:-0.24px;display:inline;\">&lt;4.0x </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t21_203\" style=\"left:806px;bottom:587px;letter-spacing:-0.26px;display:inline;\">waived </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t22_203\" style=\"left:65px;bottom:570px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Interest cover </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t23_203\" style=\"left:679px;bottom:570px;letter-spacing:-0.29px;display:inline;\">&gt;3.5x </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t24_203\" style=\"left:806px;bottom:570px;letter-spacing:-0.26px;display:inline;\">waived </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t25_203\" style=\"left:65px;bottom:553px;letter-spacing:-0.19px;display:inline;\">Liquidity </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t26_203\" style=\"left:690px;bottom:553px;letter-spacing:-0.49px;display:inline;\">n/a </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s9_203\" id=\"t27_203\" style=\"left:803px;bottom:553px;letter-spacing:-0.14px;display:inline;\">$400m </div><div class=\"t sb_203\" id=\"t28_203\" style=\"vertical-align: super;left:841px;bottom:560px;display:inline;\">a </div></td></tr></table>\n<div class=\"t sc_203\" id=\"t29_203\" style=\"left:65px;bottom:531px;display:inline;\">a </div><div class=\"t sd_203\" id=\"t2a_203\" style=\"left:74px;bottom:527px;letter-spacing:0.05px;word-spacing:-0.15px;display:inline;\">Defined as unrestricted cash and cash equivalents (net o</div><div class=\"t s6_203\" id=\"t2b_203\" style=\"left:313px;bottom:527px;letter-spacing:0.02px;word-spacing:-0.13px;display:inline;\">f bank overdrafts) plus undrawn facilities with a remaining term of at least six months. </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_203\" id=\"t2c_203\" style=\"left:686px;bottom:492px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_203\" id=\"t2d_203\" style=\"left:753px;bottom:492px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s6_203\" id=\"t2e_203\" style=\"left:820px;bottom:492px;letter-spacing:0.16px;display:inline;\">2021 </div><div class=\"t se_203\" id=\"t2f_203\" style=\"vertical-align: super;left:841px;bottom:498px;display:inline;\">a </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t2g_203\" style=\"left:65px;bottom:473px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">Covenant measures </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2h_203\" style=\"left:65px;bottom:454px;letter-spacing:-0.28px;word-spacing:-0.1px;display:inline;\">Covenant EBITDA ($m) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t2i_203\" style=\"left:680px;bottom:454px;letter-spacing:-0.27px;display:inline;\">1,086 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2j_203\" style=\"left:755px;bottom:454px;letter-spacing:-0.09px;display:inline;\">896 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2k_203\" style=\"left:823px;bottom:454px;letter-spacing:-0.12px;display:inline;\">601 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2l_203\" style=\"left:65px;bottom:437px;letter-spacing:-0.27px;word-spacing:-0.1px;display:inline;\">Covenant net debt ($m) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t2m_203\" style=\"left:679px;bottom:437px;letter-spacing:-0.17px;display:inline;\">2,328 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2n_203\" style=\"left:748px;bottom:437px;letter-spacing:-0.17px;display:inline;\">1,898 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2o_203\" style=\"left:816px;bottom:437px;letter-spacing:-0.17px;display:inline;\">1,801 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2p_203\" style=\"left:65px;bottom:419px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">Covenant interest payable ($m) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t2q_203\" style=\"left:695px;bottom:419px;letter-spacing:-0.16px;display:inline;\">88 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2r_203\" style=\"left:757px;bottom:419px;letter-spacing:-0.16px;display:inline;\">109 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2s_203\" style=\"left:824px;bottom:419px;letter-spacing:-0.17px;display:inline;\">133 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2t_203\" style=\"left:65px;bottom:402px;letter-spacing:-0.24px;display:inline;\">Leverage </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t2u_203\" style=\"left:688px;bottom:402px;letter-spacing:-0.3px;display:inline;\">2.14 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2v_203\" style=\"left:757px;bottom:402px;letter-spacing:-0.33px;display:inline;\">2.12 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2w_203\" style=\"left:817px;bottom:402px;letter-spacing:-0.21px;display:inline;\">3.00 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2x_203\" style=\"left:65px;bottom:384px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Interest cover </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t2y_203\" style=\"left:681px;bottom:384px;letter-spacing:-0.12px;display:inline;\">12.34 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2z_203\" style=\"left:753px;bottom:384px;letter-spacing:-0.03px;display:inline;\">8.22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t30_203\" style=\"left:820px;bottom:384px;letter-spacing:-0.2px;display:inline;\">4.52 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t31_203\" style=\"left:65px;bottom:367px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Liquidity ($m) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t32_203\" style=\"left:692px;bottom:367px;letter-spacing:-0.49px;display:inline;\">n/a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t33_203\" style=\"left:759px;bottom:367px;letter-spacing:-0.46px;display:inline;\">n/a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t34_203\" style=\"left:813px;bottom:367px;letter-spacing:-0.17px;display:inline;\">2,655 </div></td></tr></table>\n<div class=\"t sc_203\" id=\"t35_203\" style=\"left:65px;bottom:345px;display:inline;\">a </div><div class=\"t s6_203\" id=\"t36_203\" style=\"left:74px;bottom:341px;letter-spacing:0.04px;word-spacing:-0.14px;display:inline;\">At 31 December 2021, the leverage and interest covenants under the previous facilities were waived and replaced with a liquidity requirement of $400m. </div><div class=\"t s3_203\" id=\"t37_203\" style=\"left:65px;bottom:309px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">The interest margin payable on the RCF is linked to the Group\u2019s credit rating and is currently 0.60%. </div><div class=\"t s2_203\" id=\"t38_203\" style=\"left:65px;bottom:31px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\"> </div><div class=\"t m0_203 sf_203\" id=\"t39_203\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t s2_203\" id=\"t3a_203\" style=\"left:825px;bottom:31px;letter-spacing:0.05px;display:inline;\"></div><div></div><div class=\"t s4_204\" id=\"t5_204\" style=\"left:65px;bottom:1100px;letter-spacing:-0.12px;word-spacing:-0.09px;display:inline;\">The following are the undiscounted contractual cash </div><div class=\"t s5_204\" id=\"t6_204\" style=\"left:358px;bottom:1100px;letter-spacing:-0.12px;word-spacing:-0.08px;display:inline;\">flows o</div><div class=\"t s4_204\" id=\"t7_204\" style=\"left:397px;bottom:1100px;display:inline;\">f </div><div class=\"t s5_204\" id=\"t8_204\" style=\"left:404px;bottom:1100px;letter-spacing:-0.14px;word-spacing:-0.07px;display:inline;\">financial liabilities, including interest payments. Liabilities relating to the Group\u2019s </div><div class=\"t s4_204\" id=\"t9_204\" style=\"left:65px;bottom:1084px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">deferred compensation plan are excluded; their settlement is funded entirely by the realisation of the related deferred compensation plan </div><div class=\"t s5_204\" id=\"ta_204\" style=\"left:65px;bottom:1069px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">investments and no net cash flow arises. </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"tf_204\" style=\"left:604px;bottom:1048px;letter-spacing:0.12px;display:inline;\">Between </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"tj_204\" style=\"left:670px;bottom:1048px;letter-spacing:0.12px;display:inline;\">Between </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"tc_204\" style=\"left:535px;bottom:1037px;letter-spacing:0.09px;word-spacing:-0.2px;display:inline;\">Less than </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"tg_204\" style=\"left:613px;bottom:1037px;letter-spacing:-0.01px;word-spacing:-0.11px;display:inline;\">1 and 2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"tk_204\" style=\"left:678px;bottom:1037px;word-spacing:-0.11px;display:inline;\">2 and 5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"tn_204\" style=\"left:730px;bottom:1037px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">More than </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"td_204\" style=\"left:552px;bottom:1027px;word-spacing:-0.12px;display:inline;\">1 year </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"th_204\" style=\"left:619px;bottom:1027px;letter-spacing:0.06px;display:inline;\">years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"tl_204\" style=\"left:685px;bottom:1027px;letter-spacing:0.06px;display:inline;\">years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"to_204\" style=\"left:744px;bottom:1027px;letter-spacing:0.02px;word-spacing:-0.13px;display:inline;\">5 years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"tq_204\" style=\"left:819px;bottom:1027px;letter-spacing:-0.08px;display:inline;\">Total </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_204\" id=\"tb_204\" style=\"left:65px;bottom:1016px;letter-spacing:0.11px;word-spacing:-0.2px;display:inline;\">31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"te_204\" style=\"left:562px;bottom:1016px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"ti_204\" style=\"left:629px;bottom:1016px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"tm_204\" style=\"left:695px;bottom:1016px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"tp_204\" style=\"left:761px;bottom:1016px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"tr_204\" style=\"left:827px;bottom:1016px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"ts_204\" style=\"left:65px;bottom:999px;letter-spacing:-0.2px;word-spacing:-0.14px;display:inline;\">Non-derivative financial liabilities: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"tt_204\" style=\"left:73px;bottom:982px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Bank overdrafts </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"tu_204\" style=\"left:563px;bottom:982px;letter-spacing:-0.06px;display:inline;\">44 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"tv_204\" style=\"left:637px;bottom:982px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"tw_204\" style=\"left:703px;bottom:982px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"tx_204\" style=\"left:769px;bottom:982px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"ty_204\" style=\"left:827px;bottom:982px;letter-spacing:-0.06px;display:inline;\">44 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"tz_204\" style=\"left:73px;bottom:966px;letter-spacing:-0.23px;word-spacing:-0.15px;display:inline;\">\u20ac500m 1.625% bonds 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t10_204\" style=\"left:556px;bottom:966px;letter-spacing:-0.19px;display:inline;\">563 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t11_204\" style=\"left:637px;bottom:966px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t12_204\" style=\"left:703px;bottom:966px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t13_204\" style=\"left:769px;bottom:966px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t14_204\" style=\"left:821px;bottom:966px;letter-spacing:-0.19px;display:inline;\">563 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t15_204\" style=\"left:73px;bottom:949px;letter-spacing:-0.22px;word-spacing:-0.16px;display:inline;\">\u00a3300m 3.75% bonds 2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t16_204\" style=\"left:565px;bottom:949px;letter-spacing:-0.36px;display:inline;\">14 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t17_204\" style=\"left:623px;bottom:949px;letter-spacing:-0.23px;display:inline;\">397 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t18_204\" style=\"left:703px;bottom:949px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t19_204\" style=\"left:769px;bottom:949px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1a_204\" style=\"left:825px;bottom:949px;letter-spacing:-0.36px;display:inline;\">411 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t1b_204\" style=\"left:73px;bottom:933px;letter-spacing:-0.24px;word-spacing:-0.14px;display:inline;\">\u00a3350m 2.125% bonds 2026 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1c_204\" style=\"left:570px;bottom:933px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1d_204\" style=\"left:636px;bottom:933px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1e_204\" style=\"left:688px;bottom:933px;letter-spacing:-0.16px;display:inline;\">456 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1f_204\" style=\"left:769px;bottom:933px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1g_204\" style=\"left:822px;bottom:933px;letter-spacing:-0.66px;display:inline;\">474 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t1h_204\" style=\"left:73px;bottom:916px;letter-spacing:-0.24px;word-spacing:-0.15px;display:inline;\">\u20ac500m 2.125% bonds 2027 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1i_204\" style=\"left:566px;bottom:916px;letter-spacing:-0.25px;display:inline;\">12 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1j_204\" style=\"left:632px;bottom:916px;letter-spacing:-0.25px;display:inline;\">12 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1k_204\" style=\"left:690px;bottom:916px;letter-spacing:-0.16px;display:inline;\">577 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1l_204\" style=\"left:769px;bottom:916px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1m_204\" style=\"left:822px;bottom:916px;letter-spacing:-0.18px;display:inline;\">601 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t1n_204\" style=\"left:73px;bottom:900px;letter-spacing:-0.21px;word-spacing:-0.18px;display:inline;\">\u00a3400m 3.375% bonds 2028 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1o_204\" style=\"left:566px;bottom:900px;letter-spacing:-0.34px;display:inline;\">17 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1p_204\" style=\"left:632px;bottom:900px;letter-spacing:-0.34px;display:inline;\">17 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1q_204\" style=\"left:691px;bottom:900px;letter-spacing:-0.2px;display:inline;\">561 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1r_204\" style=\"left:769px;bottom:900px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1s_204\" style=\"left:821px;bottom:900px;letter-spacing:-0.19px;display:inline;\">595 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t1t_204\" style=\"left:73px;bottom:883px;letter-spacing:-0.21px;word-spacing:-0.18px;display:inline;\">\u20ac600m 4.375% bonds 2029 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1u_204\" style=\"left:563px;bottom:883px;letter-spacing:-0.12px;display:inline;\">29 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1v_204\" style=\"left:629px;bottom:883px;letter-spacing:-0.12px;display:inline;\">29 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1w_204\" style=\"left:696px;bottom:883px;letter-spacing:-0.26px;display:inline;\">87 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1x_204\" style=\"left:754px;bottom:883px;letter-spacing:-0.2px;display:inline;\">694 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1y_204\" style=\"left:820px;bottom:883px;letter-spacing:-0.16px;display:inline;\">839 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t1z_204\" style=\"left:73px;bottom:866px;letter-spacing:-0.19px;word-spacing:-0.14px;display:inline;\">Lease liabilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t20_204\" style=\"left:564px;bottom:866px;letter-spacing:-0.34px;display:inline;\">57 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t21_204\" style=\"left:630px;bottom:866px;letter-spacing:-0.37px;display:inline;\">52 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t22_204\" style=\"left:690px;bottom:866px;letter-spacing:-0.24px;display:inline;\">130 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t23_204\" style=\"left:747px;bottom:866px;letter-spacing:-0.32px;display:inline;\">3,164 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t24_204\" style=\"left:810px;bottom:866px;letter-spacing:-0.22px;display:inline;\">3,403 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t25_204\" style=\"left:73px;bottom:850px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Trade and other payables (excluding deferred and contingent purchase consideration) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t26_204\" style=\"left:559px;bottom:850px;letter-spacing:-0.23px;display:inline;\">651 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t27_204\" style=\"left:638px;bottom:850px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t28_204\" style=\"left:702px;bottom:850px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t29_204\" style=\"left:768px;bottom:850px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2a_204\" style=\"left:821px;bottom:850px;letter-spacing:-0.23px;display:inline;\">657 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t2b_204\" style=\"left:73px;bottom:833px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Deferred and contingent purchase consideration </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2c_204\" style=\"left:565px;bottom:833px;letter-spacing:-0.26px;display:inline;\">13 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2d_204\" style=\"left:637px;bottom:833px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2e_204\" style=\"left:697px;bottom:833px;letter-spacing:-0.25px;display:inline;\">81 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2f_204\" style=\"left:769px;bottom:833px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2g_204\" style=\"left:827px;bottom:833px;letter-spacing:-0.23px;display:inline;\">94 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t2h_204\" style=\"left:73px;bottom:817px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Financial guarantee contracts </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2i_204\" style=\"left:563px;bottom:817px;letter-spacing:-0.26px;display:inline;\">50 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2j_204\" style=\"left:637px;bottom:817px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2k_204\" style=\"left:703px;bottom:817px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2l_204\" style=\"left:769px;bottom:817px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2m_204\" style=\"left:827px;bottom:817px;letter-spacing:-0.26px;display:inline;\">50 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t2n_204\" style=\"left:65px;bottom:800px;letter-spacing:-0.21px;word-spacing:-0.12px;display:inline;\">Derivative financial liabilities: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t2o_204\" style=\"left:73px;bottom:783px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Currency swaps hedging \u20ac500m 1.625% bonds 2024 outflows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2p_204\" style=\"left:556px;bottom:783px;letter-spacing:-0.23px;display:inline;\">594 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2q_204\" style=\"left:637px;bottom:783px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2r_204\" style=\"left:703px;bottom:783px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2s_204\" style=\"left:769px;bottom:783px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2t_204\" style=\"left:820px;bottom:783px;letter-spacing:-0.23px;display:inline;\">594 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t2u_204\" style=\"left:73px;bottom:767px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Currency swaps hedging \u20ac500m 1.625% bonds 2024 inflows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2v_204\" style=\"left:553px;bottom:767px;letter-spacing:-0.27px;display:inline;\">(563) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2w_204\" style=\"left:637px;bottom:767px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2x_204\" style=\"left:703px;bottom:767px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2y_204\" style=\"left:769px;bottom:767px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2z_204\" style=\"left:817px;bottom:767px;letter-spacing:-0.27px;display:inline;\">(563) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t30_204\" style=\"left:73px;bottom:750px;letter-spacing:-0.24px;word-spacing:-0.14px;display:inline;\">Currency swaps hedging \u20ac500m 2.125% bonds 2027 outflows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t31_204\" style=\"left:565px;bottom:750px;letter-spacing:-0.19px;display:inline;\">19 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t32_204\" style=\"left:631px;bottom:750px;letter-spacing:-0.19px;display:inline;\">19 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t33_204\" style=\"left:689px;bottom:750px;letter-spacing:-0.16px;display:inline;\">585 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t34_204\" style=\"left:769px;bottom:750px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t35_204\" style=\"left:821px;bottom:750px;letter-spacing:-0.22px;display:inline;\">623 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t36_204\" style=\"left:73px;bottom:734px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Currency swaps hedging \u20ac500m 2.125% bonds 2027 inflows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t37_204\" style=\"left:562px;bottom:734px;letter-spacing:-0.32px;display:inline;\">(12) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t38_204\" style=\"left:629px;bottom:734px;letter-spacing:-0.32px;display:inline;\">(12) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t39_204\" style=\"left:687px;bottom:734px;letter-spacing:-0.17px;display:inline;\">(577) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3a_204\" style=\"left:769px;bottom:734px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3b_204\" style=\"left:818px;bottom:734px;letter-spacing:-0.29px;display:inline;\">(601) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t3c_204\" style=\"left:73px;bottom:717px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Currency swaps hedging \u20ac600m 4.375% bonds 2029 outflows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3d_204\" style=\"left:562px;bottom:717px;letter-spacing:-0.19px;display:inline;\">40 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3e_204\" style=\"left:628px;bottom:717px;letter-spacing:-0.19px;display:inline;\">40 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3f_204\" style=\"left:693px;bottom:717px;letter-spacing:-0.25px;display:inline;\">119 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3g_204\" style=\"left:754px;bottom:717px;letter-spacing:-0.16px;display:inline;\">696 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3h_204\" style=\"left:820px;bottom:717px;letter-spacing:-0.16px;display:inline;\">895 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t3i_204\" style=\"left:73px;bottom:701px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Currency swaps hedging \u20ac600m 4.375% bonds 2029 inflows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3j_204\" style=\"left:560px;bottom:701px;letter-spacing:-0.25px;display:inline;\">(29) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3k_204\" style=\"left:626px;bottom:701px;letter-spacing:-0.25px;display:inline;\">(29) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3l_204\" style=\"left:692px;bottom:701px;letter-spacing:-0.24px;display:inline;\">(87) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3m_204\" style=\"left:751px;bottom:701px;letter-spacing:-0.31px;display:inline;\">(694) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3n_204\" style=\"left:817px;bottom:701px;letter-spacing:-0.28px;display:inline;\">(839) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t3o_204\" style=\"left:73px;bottom:684px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Forward currency contract 2028 inflows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3p_204\" style=\"left:571px;bottom:684px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3q_204\" style=\"left:637px;bottom:684px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3r_204\" style=\"left:685px;bottom:684px;letter-spacing:-0.29px;display:inline;\">(438) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3s_204\" style=\"left:769px;bottom:684px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3t_204\" style=\"left:817px;bottom:684px;letter-spacing:-0.29px;display:inline;\">(438) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t3u_204\" style=\"left:73px;bottom:665px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Forward currency contract 2028 outflows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3v_204\" style=\"left:571px;bottom:666px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3w_204\" style=\"left:637px;bottom:666px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3x_204\" style=\"left:689px;bottom:666px;letter-spacing:-0.23px;display:inline;\">425 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3y_204\" style=\"left:769px;bottom:666px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3z_204\" style=\"left:821px;bottom:666px;letter-spacing:-0.23px;display:inline;\">425 </div></td></tr></table><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t45_204\" style=\"left:605px;bottom:639px;letter-spacing:0.13px;display:inline;\">Between </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t49_204\" style=\"left:671px;bottom:639px;letter-spacing:0.13px;display:inline;\">Between </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t42_204\" style=\"left:537px;bottom:628px;letter-spacing:0.05px;word-spacing:-0.17px;display:inline;\">Less than </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t46_204\" style=\"left:614px;bottom:628px;letter-spacing:-0.03px;word-spacing:-0.09px;display:inline;\">1 and 2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t4a_204\" style=\"left:678px;bottom:628px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">2 and 5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t4d_204\" style=\"left:732px;bottom:628px;letter-spacing:0.04px;word-spacing:-0.14px;display:inline;\">More than </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t43_204\" style=\"left:553px;bottom:617px;letter-spacing:-0.01px;word-spacing:-0.11px;display:inline;\">1 year </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t47_204\" style=\"left:620px;bottom:617px;letter-spacing:0.05px;display:inline;\">years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t4b_204\" style=\"left:686px;bottom:617px;letter-spacing:0.05px;display:inline;\">years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t4e_204\" style=\"left:745px;bottom:617px;letter-spacing:0.01px;word-spacing:-0.13px;display:inline;\">5 years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t4g_204\" style=\"left:820px;bottom:617px;letter-spacing:-0.08px;display:inline;\">Total </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s6_204\" id=\"t40_204\" style=\"left:65px;bottom:607px;letter-spacing:0.12px;word-spacing:-0.21px;display:inline;\">31 December 2022 </div><div class=\"t sb_204\" id=\"t41_204\" style=\"vertical-align: super;left:148px;bottom:613px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t44_204\" style=\"left:563px;bottom:607px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t48_204\" style=\"left:629px;bottom:607px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t4c_204\" style=\"left:695px;bottom:607px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t4f_204\" style=\"left:761px;bottom:607px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t4h_204\" style=\"left:827px;bottom:607px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t4i_204\" style=\"left:65px;bottom:590px;letter-spacing:-0.2px;word-spacing:-0.14px;display:inline;\">Non-derivative financial liabilities: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4j_204\" style=\"left:73px;bottom:573px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Bank overdrafts </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4k_204\" style=\"left:564px;bottom:573px;letter-spacing:-0.13px;display:inline;\">55 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4l_204\" style=\"left:637px;bottom:573px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4m_204\" style=\"left:704px;bottom:573px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4n_204\" style=\"left:770px;bottom:573px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4o_204\" style=\"left:829px;bottom:573px;letter-spacing:-0.13px;display:inline;\">55 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4p_204\" style=\"left:73px;bottom:557px;letter-spacing:-0.23px;word-spacing:-0.15px;display:inline;\">\u20ac500m 1.625% bonds 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4q_204\" style=\"left:570px;bottom:557px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4r_204\" style=\"left:623px;bottom:557px;letter-spacing:-0.05px;display:inline;\">543 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4s_204\" style=\"left:704px;bottom:557px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4t_204\" style=\"left:770px;bottom:557px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4u_204\" style=\"left:823px;bottom:557px;letter-spacing:-0.26px;display:inline;\">552 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4v_204\" style=\"left:73px;bottom:540px;letter-spacing:-0.22px;word-spacing:-0.16px;display:inline;\">\u00a3300m 3.75% bonds 2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4w_204\" style=\"left:566px;bottom:540px;letter-spacing:-0.37px;display:inline;\">14 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4x_204\" style=\"left:632px;bottom:540px;letter-spacing:-0.37px;display:inline;\">14 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4y_204\" style=\"left:691px;bottom:540px;letter-spacing:-0.21px;display:inline;\">375 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4z_204\" style=\"left:770px;bottom:540px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t50_204\" style=\"left:821px;bottom:540px;letter-spacing:-0.15px;display:inline;\">403 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t51_204\" style=\"left:73px;bottom:523px;letter-spacing:-0.24px;word-spacing:-0.14px;display:inline;\">\u00a3350m 2.125% bonds 2026 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t52_204\" style=\"left:570px;bottom:523px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t53_204\" style=\"left:636px;bottom:523px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t54_204\" style=\"left:689px;bottom:523px;letter-spacing:-0.06px;display:inline;\">439 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t55_204\" style=\"left:770px;bottom:523px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t56_204\" style=\"left:823px;bottom:523px;letter-spacing:-0.12px;display:inline;\">457 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t57_204\" style=\"left:73px;bottom:507px;letter-spacing:-0.24px;word-spacing:-0.15px;display:inline;\">\u20ac500m 2.125% bonds 2027 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t58_204\" style=\"left:569px;bottom:507px;letter-spacing:-0.3px;display:inline;\">11 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t59_204\" style=\"left:635px;bottom:507px;letter-spacing:-0.3px;display:inline;\">11 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5a_204\" style=\"left:690px;bottom:507px;letter-spacing:-0.16px;display:inline;\">568 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5b_204\" style=\"left:770px;bottom:507px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5c_204\" style=\"left:821px;bottom:507px;letter-spacing:-0.15px;display:inline;\">590 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5d_204\" style=\"left:73px;bottom:490px;letter-spacing:-0.21px;word-spacing:-0.18px;display:inline;\">\u00a3400m 3.375% bonds 2028 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5e_204\" style=\"left:566px;bottom:490px;letter-spacing:-0.2px;display:inline;\">16 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5f_204\" style=\"left:632px;bottom:490px;letter-spacing:-0.2px;display:inline;\">16 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5g_204\" style=\"left:696px;bottom:490px;letter-spacing:-0.08px;display:inline;\">49 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5h_204\" style=\"left:755px;bottom:490px;letter-spacing:-0.1px;display:inline;\">498 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5i_204\" style=\"left:823px;bottom:490px;letter-spacing:-0.25px;display:inline;\">579 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5j_204\" style=\"left:73px;bottom:474px;letter-spacing:-0.19px;word-spacing:-0.14px;display:inline;\">Lease liabilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5k_204\" style=\"left:564px;bottom:474px;letter-spacing:-0.11px;display:inline;\">53 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5l_204\" style=\"left:630px;bottom:474px;letter-spacing:-0.24px;display:inline;\">50 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5m_204\" style=\"left:693px;bottom:474px;letter-spacing:-0.26px;display:inline;\">126 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5n_204\" style=\"left:748px;bottom:474px;letter-spacing:-0.15px;display:inline;\">3,201 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5o_204\" style=\"left:811px;bottom:474px;letter-spacing:-0.15px;display:inline;\">3,430 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5p_204\" style=\"left:73px;bottom:457px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Trade and other payables (excluding deferred and contingent purchase consideration) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5q_204\" style=\"left:556px;bottom:457px;letter-spacing:-0.13px;display:inline;\">660 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5r_204\" style=\"left:639px;bottom:457px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5s_204\" style=\"left:705px;bottom:457px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5t_204\" style=\"left:769px;bottom:457px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5u_204\" style=\"left:821px;bottom:457px;letter-spacing:-0.1px;display:inline;\">664 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5v_204\" style=\"left:73px;bottom:441px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Deferred and contingent purchase consideration </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5w_204\" style=\"left:571px;bottom:441px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5x_204\" style=\"left:632px;bottom:441px;letter-spacing:-0.25px;display:inline;\">13 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5y_204\" style=\"left:696px;bottom:441px;letter-spacing:-0.13px;display:inline;\">39 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5z_204\" style=\"left:763px;bottom:441px;letter-spacing:-0.27px;display:inline;\">42 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t60_204\" style=\"left:828px;bottom:441px;letter-spacing:-0.2px;display:inline;\">94 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t61_204\" style=\"left:73px;bottom:424px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Financial guarantee contracts </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t62_204\" style=\"left:563px;bottom:424px;letter-spacing:-0.24px;display:inline;\">50 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t63_204\" style=\"left:637px;bottom:424px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t64_204\" style=\"left:703px;bottom:424px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t65_204\" style=\"left:770px;bottom:424px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t66_204\" style=\"left:828px;bottom:424px;letter-spacing:-0.24px;display:inline;\">50 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t67_204\" style=\"left:65px;bottom:407px;letter-spacing:-0.21px;word-spacing:-0.12px;display:inline;\">Derivative financial liabilities: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t68_204\" style=\"left:73px;bottom:391px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Currency swaps hedging \u20ac500m 1.625% bonds 2024 outflows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t69_204\" style=\"left:566px;bottom:391px;letter-spacing:-0.37px;display:inline;\">14 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6a_204\" style=\"left:626px;bottom:391px;letter-spacing:-0.14px;display:inline;\">561 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6b_204\" style=\"left:703px;bottom:391px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6c_204\" style=\"left:769px;bottom:391px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6d_204\" style=\"left:823px;bottom:391px;letter-spacing:-0.19px;display:inline;\">575 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t6e_204\" style=\"left:73px;bottom:374px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Currency swaps hedging \u20ac500m 1.625% bonds 2024 inflows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6f_204\" style=\"left:567px;bottom:374px;letter-spacing:-0.36px;display:inline;\">(9) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6g_204\" style=\"left:620px;bottom:374px;letter-spacing:-0.18px;display:inline;\">(543) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6h_204\" style=\"left:703px;bottom:374px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6i_204\" style=\"left:769px;bottom:374px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6j_204\" style=\"left:820px;bottom:374px;letter-spacing:-0.28px;display:inline;\">(552) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t6k_204\" style=\"left:73px;bottom:358px;letter-spacing:-0.24px;word-spacing:-0.14px;display:inline;\">Currency swaps hedging \u20ac500m 2.125% bonds 2027 outflows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6l_204\" style=\"left:566px;bottom:358px;letter-spacing:-0.23px;display:inline;\">18 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6m_204\" style=\"left:632px;bottom:358px;letter-spacing:-0.23px;display:inline;\">18 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6n_204\" style=\"left:693px;bottom:358px;letter-spacing:-0.13px;display:inline;\">571 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6o_204\" style=\"left:769px;bottom:358px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6p_204\" style=\"left:822px;bottom:358px;letter-spacing:-0.27px;display:inline;\">607 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t6q_204\" style=\"left:73px;bottom:341px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Currency swaps hedging \u20ac500m 2.125% bonds 2027 inflows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6r_204\" style=\"left:565px;bottom:341px;letter-spacing:-0.33px;display:inline;\">(11) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6s_204\" style=\"left:632px;bottom:341px;letter-spacing:-0.33px;display:inline;\">(11) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6t_204\" style=\"left:686px;bottom:341px;letter-spacing:-0.23px;display:inline;\">(568) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6u_204\" style=\"left:769px;bottom:341px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6v_204\" style=\"left:818px;bottom:341px;letter-spacing:-0.23px;display:inline;\">(590) </div></td></tr></table>\n<div class=\"t sd_204\" id=\"t6w_204\" style=\"left:65px;bottom:319px;display:inline;\">a </div><div class=\"t sc_204\" id=\"t6x_204\" style=\"left:74px;bottom:315px;letter-spacing:0.04px;word-spacing:-0.15px;display:inline;\">Re-presented for the application of IFRS 9 \u2018Financial Instruments\u2019 to </div><div class=\"t se_204\" id=\"t6y_204\" style=\"left:362px;bottom:315px;letter-spacing:0.05px;word-spacing:-0.16px;display:inline;\">financial guarantee contracts. </div><div class=\"t sf_204\" id=\"t6z_204\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t sg_204\" id=\"t70_204\" style=\"left:65px;bottom:31px;letter-spacing:0.04px;display:inline;\"></div><div></div><div class=\"t s2_205\" id=\"t3_205\" style=\"left:65px;bottom:1100px;letter-spacing:-0.01px;word-spacing:-0.14px;display:inline;\">Credit risk </div><div class=\"t s3_205\" id=\"t4_205\" style=\"left:65px;bottom:1084px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Credit risk on cash and cash equivalents is minimised by operating a policy on the investment of surplus cash that generally restricts </div><div class=\"t s3_205\" id=\"t5_205\" style=\"left:65px;bottom:1069px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">counterparties to those with a BBB- credit rating or better or those providing adequate security. The Group uses long-term credit ratings </div><div class=\"t s3_205\" id=\"t6_205\" style=\"left:65px;bottom:1054px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">from S&amp;P, Moody\u2019s and Fitch Ratings as a basis for setting its counterparty limits. </div><div class=\"t s3_205\" id=\"t7_205\" style=\"left:65px;bottom:1031px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">In order to manage the Group\u2019s credit risk exposure, the treasury function sets counterparty exposure limits using metrics including credit </div><div class=\"t s3_205\" id=\"t8_205\" style=\"left:65px;bottom:1016px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">ratings, the relative placing of credit default swap pricings, tier 1 capital and share price volatility of the relevant counterparty. </div><div class=\"t s3_205\" id=\"t9_205\" style=\"left:65px;bottom:993px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Repurchase agreements are fully collateralised investments, with a maturity of three months or less. The Group accepts only government </div><div class=\"t s3_205\" id=\"ta_205\" style=\"left:65px;bottom:977px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">or supranational bonds where the lowest credit rating is AA- or better as collateral. In the event of default, ownership of these securities </div><div class=\"t s3_205\" id=\"tb_205\" style=\"left:65px;bottom:962px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">would revert to the Group. The securities held as collateral are to protect against default by the counterparty. </div><div class=\"t s3_205\" id=\"tc_205\" style=\"left:65px;bottom:939px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">The Group\u2019s exposure to credit risk arises from default of the counterparty, with the maximum exposure equal to the carrying amount </div><div class=\"t s3_205\" id=\"td_205\" style=\"left:65px;bottom:924px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">of each </div><div class=\"t s4_205\" id=\"te_205\" style=\"left:109px;bottom:924px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">financial asset, including derivative financial instruments. The expected credit loss on cash and cash equivalents is considered </div><div class=\"t s3_205\" id=\"tf_205\" style=\"left:65px;bottom:909px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">to be immaterial. </div><div class=\"t s3_205\" id=\"tg_205\" style=\"left:65px;bottom:886px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The table below analyses the Group\u2019s short-term deposits, money market funds and repurchase agreement collateral classi</div><div class=\"t s4_205\" id=\"th_205\" style=\"left:749px;bottom:886px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">fied as cash and </div><div class=\"t s3_205\" id=\"ti_205\" style=\"left:65px;bottom:871px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">cash equivalents by counterparty credit rating: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"ty_205\" style=\"left:733px;bottom:853px;letter-spacing:0.1px;word-spacing:-0.2px;display:inline;\">BBB+ and </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"tk_205\" style=\"left:292px;bottom:843px;letter-spacing:0.29px;display:inline;\">AAA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"tm_205\" style=\"left:361px;bottom:843px;letter-spacing:0.08px;display:inline;\">AA+ </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"to_205\" style=\"left:431px;bottom:843px;letter-spacing:0.29px;display:inline;\">AA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"tq_205\" style=\"left:494px;bottom:843px;letter-spacing:0.15px;display:inline;\">AA\u2011 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"ts_205\" style=\"left:565px;bottom:843px;letter-spacing:-0.12px;display:inline;\">A+ </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"tu_205\" style=\"left:636px;bottom:843px;display:inline;\">A </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"tw_205\" style=\"left:699px;bottom:843px;letter-spacing:0.03px;display:inline;\">A\u2011 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"tz_205\" style=\"left:748px;bottom:843px;letter-spacing:0.11px;display:inline;\">below </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"t11_205\" style=\"left:819px;bottom:843px;letter-spacing:-0.08px;display:inline;\">Total </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_205\" id=\"tj_205\" style=\"left:65px;bottom:832px;letter-spacing:0.11px;word-spacing:-0.2px;display:inline;\">31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"tl_205\" style=\"left:298px;bottom:832px;letter-spacing:0.2px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"tn_205\" style=\"left:364px;bottom:832px;letter-spacing:0.2px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"tp_205\" style=\"left:430px;bottom:832px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"tr_205\" style=\"left:496px;bottom:832px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"tt_205\" style=\"left:562px;bottom:832px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"tv_205\" style=\"left:629px;bottom:832px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"tx_205\" style=\"left:695px;bottom:832px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"t10_205\" style=\"left:761px;bottom:832px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"t12_205\" style=\"left:827px;bottom:832px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t13_205\" style=\"left:65px;bottom:815px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Short-term deposits </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t14_205\" style=\"left:307px;bottom:815px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t15_205\" style=\"left:373px;bottom:815px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t16_205\" style=\"left:439px;bottom:815px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t17_205\" style=\"left:493px;bottom:815px;letter-spacing:-0.18px;display:inline;\">129 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t18_205\" style=\"left:560px;bottom:815px;letter-spacing:-0.42px;display:inline;\">147 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t19_205\" style=\"left:623px;bottom:815px;letter-spacing:-0.16px;display:inline;\">258 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1a_205\" style=\"left:697px;bottom:815px;letter-spacing:0.03px;display:inline;\">77 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1b_205\" style=\"left:764px;bottom:815px;letter-spacing:-0.15px;display:inline;\">21 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1c_205\" style=\"left:821px;bottom:815px;letter-spacing:-0.21px;display:inline;\">632 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t1d_205\" style=\"left:65px;bottom:798px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">Money market funds </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1e_205\" style=\"left:293px;bottom:798px;letter-spacing:-0.24px;display:inline;\">375 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1f_205\" style=\"left:373px;bottom:798px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1g_205\" style=\"left:439px;bottom:798px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1h_205\" style=\"left:505px;bottom:798px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1i_205\" style=\"left:571px;bottom:798px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1j_205\" style=\"left:637px;bottom:798px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1k_205\" style=\"left:703px;bottom:798px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1l_205\" style=\"left:769px;bottom:798px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1m_205\" style=\"left:822px;bottom:798px;letter-spacing:-0.24px;display:inline;\">375 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t1n_205\" style=\"left:65px;bottom:782px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Repurchase agreement collateral </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1o_205\" style=\"left:296px;bottom:782px;letter-spacing:-0.27px;display:inline;\">110 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1p_205\" style=\"left:372px;bottom:782px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1q_205\" style=\"left:439px;bottom:782px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1r_205\" style=\"left:497px;bottom:782px;letter-spacing:-0.2px;display:inline;\">20 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1s_205\" style=\"left:571px;bottom:782px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1t_205\" style=\"left:637px;bottom:782px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1u_205\" style=\"left:703px;bottom:782px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1v_205\" style=\"left:769px;bottom:782px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1w_205\" style=\"left:823px;bottom:782px;letter-spacing:-0.23px;display:inline;\">136 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t2c_205\" style=\"left:735px;bottom:759px;letter-spacing:0.12px;word-spacing:-0.22px;display:inline;\">BBB+ and </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t1y_205\" style=\"left:294px;bottom:748px;letter-spacing:0.32px;display:inline;\">AAA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t20_205\" style=\"left:362px;bottom:748px;letter-spacing:0.11px;display:inline;\">AA+ </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t22_205\" style=\"left:432px;bottom:748px;letter-spacing:0.31px;display:inline;\">AA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t24_205\" style=\"left:495px;bottom:748px;letter-spacing:0.2px;display:inline;\">AA- </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t26_205\" style=\"left:566px;bottom:748px;letter-spacing:-0.08px;display:inline;\">A+ </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t28_205\" style=\"left:637px;bottom:748px;display:inline;\">A </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t2a_205\" style=\"left:700px;bottom:748px;letter-spacing:0.12px;display:inline;\">A- </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t2d_205\" style=\"left:749px;bottom:748px;letter-spacing:0.1px;display:inline;\">below </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t2f_205\" style=\"left:820px;bottom:748px;letter-spacing:-0.08px;display:inline;\">Total </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_205\" id=\"t1x_205\" style=\"left:65px;bottom:738px;letter-spacing:0.12px;word-spacing:-0.21px;display:inline;\">31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t1z_205\" style=\"left:299px;bottom:738px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t21_205\" style=\"left:365px;bottom:738px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t23_205\" style=\"left:431px;bottom:738px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t25_205\" style=\"left:497px;bottom:738px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t27_205\" style=\"left:563px;bottom:738px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t29_205\" style=\"left:629px;bottom:738px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t2b_205\" style=\"left:695px;bottom:738px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t2e_205\" style=\"left:761px;bottom:738px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t2g_205\" style=\"left:827px;bottom:738px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2h_205\" style=\"left:65px;bottom:721px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Short-term deposits </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2i_205\" style=\"left:307px;bottom:721px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2j_205\" style=\"left:373px;bottom:721px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2k_205\" style=\"left:439px;bottom:721px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2l_205\" style=\"left:498px;bottom:721px;letter-spacing:-0.1px;display:inline;\">66 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2m_205\" style=\"left:561px;bottom:721px;letter-spacing:-0.21px;display:inline;\">127 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2n_205\" style=\"left:628px;bottom:721px;letter-spacing:-0.35px;display:inline;\">141 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2o_205\" style=\"left:696px;bottom:721px;letter-spacing:-0.24px;display:inline;\">50 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2p_205\" style=\"left:763px;bottom:721px;letter-spacing:-0.29px;display:inline;\">37 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2q_205\" style=\"left:824px;bottom:721px;letter-spacing:-0.15px;display:inline;\">421 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2r_205\" style=\"left:65px;bottom:704px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">Money market funds </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2s_205\" style=\"left:292px;bottom:704px;letter-spacing:-0.13px;display:inline;\">360 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2t_205\" style=\"left:373px;bottom:704px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2u_205\" style=\"left:439px;bottom:704px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2v_205\" style=\"left:505px;bottom:704px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2w_205\" style=\"left:571px;bottom:704px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2x_205\" style=\"left:637px;bottom:704px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2y_205\" style=\"left:703px;bottom:704px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2z_205\" style=\"left:770px;bottom:704px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t30_205\" style=\"left:821px;bottom:704px;letter-spacing:-0.13px;display:inline;\">360 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t31_205\" style=\"left:65px;bottom:688px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Repurchase agreement collateral </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t32_205\" style=\"left:301px;bottom:688px;letter-spacing:0.03px;display:inline;\">22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t33_205\" style=\"left:373px;bottom:688px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t34_205\" style=\"left:438px;bottom:688px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t35_205\" style=\"left:505px;bottom:688px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t36_205\" style=\"left:571px;bottom:688px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t37_205\" style=\"left:637px;bottom:688px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t38_205\" style=\"left:703px;bottom:688px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t39_205\" style=\"left:769px;bottom:688px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t3a_205\" style=\"left:827px;bottom:688px;letter-spacing:-0.16px;display:inline;\">30 </div></td></tr></table>\n<div class=\"t s2_205\" id=\"t3b_205\" style=\"left:65px;bottom:655px;letter-spacing:0.03px;word-spacing:-0.16px;display:inline;\">Capital risk management </div><div class=\"t s3_205\" id=\"t3c_205\" style=\"left:65px;bottom:640px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The Group manages its capital to ensure that it will be able to continue as a going concern. The capital structure consists of net debt, issued </div><div class=\"t s3_205\" id=\"t3d_205\" style=\"left:65px;bottom:625px;letter-spacing:-0.08px;word-spacing:-0.08px;display:inline;\">share capital and reserves. The structure is managed with the objective of maintaining an investment grade credit rating, to provide ongoing </div><div class=\"t s4_205\" id=\"t3e_205\" style=\"left:65px;bottom:610px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">returns to shareholders and to service debt obligations, while maintaining maximum operational flexibility. A key characteristic o</div><div class=\"t s3_205\" id=\"t3f_205\" style=\"left:777px;bottom:610px;letter-spacing:-0.08px;word-spacing:-0.08px;display:inline;\">f IHG\u2019s </div><div class=\"t s3_205\" id=\"t3g_205\" style=\"left:65px;bottom:594px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">managed and franchised business model is that it is highly cash generative, with a high return on capital employed. Surplus cash is either </div><div class=\"t s3_205\" id=\"t3h_205\" style=\"left:65px;bottom:579px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">reinvested in the business, used to repay debt or returned to shareholders. </div><div class=\"t s3_205\" id=\"t3i_205\" style=\"left:65px;bottom:556px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">The Group\u2019s debt is monitored on the basis of a cash </div><div class=\"t s4_205\" id=\"t3j_205\" style=\"left:360px;bottom:556px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">flow leverage ratio, being net debt divided by adjusted EBITDA. The Group has a stated </div><div class=\"t s3_205\" id=\"t3k_205\" style=\"left:65px;bottom:541px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">aim of maintaining this ratio at 2.5x to 3.0x. The ratio at 31 December 2023 (which di\ufb00ers from the ratio as calculated for covenant tests) was </div><div class=\"t s3_205\" id=\"t3l_205\" style=\"left:65px;bottom:525px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">2.09 (2022: 2.07). </div><div class=\"t s3_205\" id=\"t3m_205\" style=\"left:65px;bottom:503px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The Group currently has a senior unsecured long-term credit rating of BBB from S&amp;P and obtained, in 2023, a Baa2 rating from Moody\u2019s. </div><div class=\"t s3_205\" id=\"t3n_205\" style=\"left:65px;bottom:487px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">In the event of either rating being downgraded below BBB- and Baa3 respectively (a downgrade of two levels) there would be an additional </div><div class=\"t s3_205\" id=\"t3o_205\" style=\"left:65px;bottom:472px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">step-up coupon of 1.25% payable on the bonds which are subject to those ratings. </div><div class=\"t sa_205\" id=\"t3p_205\" style=\"left:65px;bottom:31px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\"> </div><div class=\"t m0_205 sb_205\" id=\"t3q_205\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"></div><div class=\"t sa_205\" id=\"t3r_205\" style=\"left:822px;bottom:31px;letter-spacing:0.05px;display:inline;\"></div><div></div><div class=\"t s2_206\" id=\"t3_206\" style=\"left:65px;bottom:1115px;letter-spacing:0.03px;word-spacing:-0.16px;display:inline;\">25. Classification and measurement o</div><div class=\"t s3_206\" id=\"t4_206\" style=\"left:282px;bottom:1115px;display:inline;\">f </div><div class=\"t s2_206\" id=\"t5_206\" style=\"left:289px;bottom:1115px;letter-spacing:0.02px;word-spacing:-0.16px;display:inline;\">financial instruments </div><div class=\"t s4_206\" id=\"t6_206\" style=\"left:65px;bottom:1100px;letter-spacing:0.01px;word-spacing:-0.15px;display:inline;\">Accounting classification and </div><div class=\"t s5_206\" id=\"t7_206\" style=\"left:239px;bottom:1100px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">fair value hierarchy </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_206\" id=\"t8_206\" style=\"left:551px;bottom:1085px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_206\" id=\"t9_206\" style=\"left:819px;bottom:1085px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_206\" id=\"tj_206\" style=\"left:494px;bottom:1069px;letter-spacing:0.07px;display:inline;\">Not </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_206\" id=\"tw_206\" style=\"left:761px;bottom:1069px;letter-spacing:0.08px;display:inline;\">Not </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_206\" id=\"tk_206\" style=\"left:457px;bottom:1058px;letter-spacing:0.1px;display:inline;\">categorised </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_206\" id=\"tx_206\" style=\"left:725px;bottom:1058px;letter-spacing:0.08px;display:inline;\">categorised </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_206\" id=\"ta_206\" style=\"left:254px;bottom:1048px;letter-spacing:0.04px;word-spacing:-0.15px;display:inline;\">Hierarchy of </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_206\" id=\"tg_206\" style=\"left:390px;bottom:1048px;letter-spacing:0.12px;display:inline;\">Amortised </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_206\" id=\"tl_206\" style=\"left:453px;bottom:1048px;letter-spacing:0.06px;word-spacing:-0.17px;display:inline;\">as a financial </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_206\" id=\"tt_206\" style=\"left:658px;bottom:1048px;letter-spacing:0.11px;display:inline;\">Amortised </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_206\" id=\"ty_206\" style=\"left:721px;bottom:1048px;letter-spacing:0.04px;word-spacing:-0.16px;display:inline;\">as a financial </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_206\" id=\"tb_206\" style=\"left:268px;bottom:1037px;letter-spacing:0.02px;word-spacing:-0.14px;display:inline;\">fair value </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s6_206\" id=\"td_206\" style=\"left:327px;bottom:1037px;letter-spacing:0.01px;word-spacing:-0.12px;display:inline;\">Fair value </div><div class=\"t sa_206\" id=\"te_206\" style=\"vertical-align: sub;left:369px;bottom:1043px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_206\" id=\"th_206\" style=\"left:417px;bottom:1037px;letter-spacing:0.12px;display:inline;\">cost </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_206\" id=\"tm_206\" style=\"left:461px;bottom:1037px;letter-spacing:0.09px;display:inline;\">instrument </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_206\" id=\"to_206\" style=\"left:553px;bottom:1037px;letter-spacing:-0.08px;display:inline;\">Total </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_206\" id=\"tq_206\" style=\"left:596px;bottom:1037px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">Fair value </div><div class=\"t sb_206\" id=\"tr_206\" style=\"left:636px;bottom:1043px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_206\" id=\"tu_206\" style=\"left:684px;bottom:1037px;letter-spacing:0.11px;display:inline;\">cost </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_206\" id=\"tz_206\" style=\"left:730px;bottom:1037px;letter-spacing:0.06px;display:inline;\">instrument </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_206\" id=\"t11_206\" style=\"left:820px;bottom:1037px;letter-spacing:-0.08px;display:inline;\">Total </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_206\" id=\"tc_206\" style=\"left:247px;bottom:1026px;letter-spacing:0.14px;display:inline;\">measurement </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_206\" id=\"tf_206\" style=\"left:356px;bottom:1026px;letter-spacing:0.2px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_206\" id=\"ti_206\" style=\"left:422px;bottom:1026px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_206\" id=\"tn_206\" style=\"left:495px;bottom:1026px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_206\" id=\"tp_206\" style=\"left:560px;bottom:1026px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_206\" id=\"ts_206\" style=\"left:622px;bottom:1026px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_206\" id=\"tv_206\" style=\"left:688px;bottom:1026px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_206\" id=\"t10_206\" style=\"left:762px;bottom:1026px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_206\" id=\"t12_206\" style=\"left:827px;bottom:1026px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t13_206\" style=\"left:65px;bottom:1009px;letter-spacing:-0.17px;word-spacing:-0.19px;display:inline;\">Financial assets </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t14_206\" style=\"left:65px;bottom:990px;letter-spacing:-0.19px;word-spacing:-0.16px;display:inline;\">Other financial assets </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t sd_206\" id=\"t15_206\" style=\"left:294px;bottom:990px;letter-spacing:-0.21px;display:inline;\">1,3 </div><div class=\"t se_206\" id=\"t16_206\" style=\"vertical-align: super;left:308px;bottom:997px;display:inline;\">b </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t17_206\" style=\"left:352px;bottom:990px;letter-spacing:-0.21px;display:inline;\">124 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t18_206\" style=\"left:422px;bottom:990px;letter-spacing:-0.17px;display:inline;\">68 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t19_206\" style=\"left:504px;bottom:990px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t1a_206\" style=\"left:557px;bottom:990px;letter-spacing:-0.18px;display:inline;\">192 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t1b_206\" style=\"left:618px;bottom:990px;letter-spacing:-0.13px;display:inline;\">106 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t1c_206\" style=\"left:689px;bottom:990px;letter-spacing:-0.24px;display:inline;\">50 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t1d_206\" style=\"left:771px;bottom:990px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t1e_206\" style=\"left:824px;bottom:990px;letter-spacing:-0.18px;display:inline;\">156 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t1f_206\" style=\"left:65px;bottom:972px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Cash and cash equivalents </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t1g_206\" style=\"left:304px;bottom:972px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t1h_206\" style=\"left:351px;bottom:972px;letter-spacing:-0.24px;display:inline;\">375 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t1i_206\" style=\"left:416px;bottom:972px;letter-spacing:-0.37px;display:inline;\">947 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t1j_206\" style=\"left:504px;bottom:972px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t1k_206\" style=\"left:547px;bottom:972px;letter-spacing:-0.18px;display:inline;\">1,322 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t1l_206\" style=\"left:616px;bottom:972px;letter-spacing:-0.13px;display:inline;\">360 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t1m_206\" style=\"left:685px;bottom:972px;letter-spacing:-0.16px;display:inline;\">616 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t1n_206\" style=\"left:771px;bottom:972px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t1o_206\" style=\"left:823px;bottom:972px;letter-spacing:-0.37px;display:inline;\">976 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t1p_206\" style=\"left:65px;bottom:953px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Derivative financial instruments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t1q_206\" style=\"left:303px;bottom:953px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t1r_206\" style=\"left:356px;bottom:953px;letter-spacing:-0.2px;display:inline;\">20 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t1s_206\" style=\"left:430px;bottom:953px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t1t_206\" style=\"left:504px;bottom:953px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t1u_206\" style=\"left:561px;bottom:953px;letter-spacing:-0.2px;display:inline;\">20 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t1v_206\" style=\"left:631px;bottom:953px;display:inline;\">7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t1w_206\" style=\"left:697px;bottom:953px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t1x_206\" style=\"left:771px;bottom:953px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t1y_206\" style=\"left:836px;bottom:953px;display:inline;\">7 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sf_206\" id=\"t1z_206\" style=\"left:65px;bottom:935px;letter-spacing:-0.21px;word-spacing:-0.16px;display:inline;\">Deferred compensation </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t20_206\" style=\"left:65px;bottom:922px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">plan investments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t21_206\" style=\"left:304px;bottom:922px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t22_206\" style=\"left:349px;bottom:922px;letter-spacing:-0.19px;display:inline;\">250 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t23_206\" style=\"left:430px;bottom:922px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t24_206\" style=\"left:504px;bottom:922px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t25_206\" style=\"left:554px;bottom:922px;letter-spacing:-0.19px;display:inline;\">250 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t26_206\" style=\"left:620px;bottom:922px;letter-spacing:-0.12px;display:inline;\">216 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t27_206\" style=\"left:697px;bottom:922px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t28_206\" style=\"left:771px;bottom:922px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t29_206\" style=\"left:824px;bottom:922px;letter-spacing:-0.12px;display:inline;\">216 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t2a_206\" style=\"left:65px;bottom:903px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Trade and other receivables </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t2b_206\" style=\"left:303px;bottom:903px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t2c_206\" style=\"left:364px;bottom:903px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t2d_206\" style=\"left:418px;bottom:903px;letter-spacing:-0.23px;display:inline;\">651 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t2e_206\" style=\"left:491px;bottom:903px;letter-spacing:-0.2px;display:inline;\">102 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t2f_206\" style=\"left:555px;bottom:903px;letter-spacing:-0.19px;display:inline;\">753 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t2g_206\" style=\"left:631px;bottom:903px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t2h_206\" style=\"left:684px;bottom:903px;letter-spacing:-0.19px;display:inline;\">542 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t2i_206\" style=\"left:759px;bottom:903px;letter-spacing:-0.3px;display:inline;\">107 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t2j_206\" style=\"left:821px;bottom:903px;letter-spacing:-0.08px;display:inline;\">649 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t2k_206\" style=\"left:65px;bottom:872px;letter-spacing:-0.18px;word-spacing:-0.17px;display:inline;\">Financial liabilities </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t2l_206\" style=\"left:65px;bottom:853px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Derivative financial instruments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t2m_206\" style=\"left:303px;bottom:853px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t2n_206\" style=\"left:357px;bottom:853px;letter-spacing:-0.12px;display:inline;\">25 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t2o_206\" style=\"left:430px;bottom:853px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t2p_206\" style=\"left:504px;bottom:853px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t2q_206\" style=\"left:562px;bottom:853px;letter-spacing:-0.12px;display:inline;\">25 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t2r_206\" style=\"left:628px;bottom:853px;letter-spacing:-0.3px;display:inline;\">11 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t2s_206\" style=\"left:697px;bottom:853px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t2t_206\" style=\"left:771px;bottom:853px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t2u_206\" style=\"left:833px;bottom:853px;letter-spacing:-0.3px;display:inline;\">11 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sf_206\" id=\"t2v_206\" style=\"left:65px;bottom:835px;letter-spacing:-0.21px;word-spacing:-0.16px;display:inline;\">Deferred compensation </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t2w_206\" style=\"left:65px;bottom:822px;letter-spacing:-0.21px;word-spacing:-0.13px;display:inline;\">plan liabilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t2x_206\" style=\"left:304px;bottom:822px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t2y_206\" style=\"left:349px;bottom:822px;letter-spacing:-0.19px;display:inline;\">250 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t2z_206\" style=\"left:430px;bottom:822px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t30_206\" style=\"left:504px;bottom:822px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t31_206\" style=\"left:554px;bottom:822px;letter-spacing:-0.19px;display:inline;\">250 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t32_206\" style=\"left:620px;bottom:822px;letter-spacing:-0.12px;display:inline;\">216 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t33_206\" style=\"left:697px;bottom:822px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t34_206\" style=\"left:771px;bottom:822px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t35_206\" style=\"left:824px;bottom:822px;letter-spacing:-0.12px;display:inline;\">216 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t36_206\" style=\"left:65px;bottom:803px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Loans and other borrowings </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t37_206\" style=\"left:303px;bottom:803px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t38_206\" style=\"left:364px;bottom:803px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t39_206\" style=\"left:408px;bottom:803px;letter-spacing:-0.32px;display:inline;\">3,166 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t3a_206\" style=\"left:504px;bottom:803px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t3b_206\" style=\"left:547px;bottom:803px;letter-spacing:-0.32px;display:inline;\">3,166 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t3c_206\" style=\"left:631px;bottom:803px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t3d_206\" style=\"left:674px;bottom:803px;letter-spacing:-0.13px;display:inline;\">2,396 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t3e_206\" style=\"left:771px;bottom:803px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t3f_206\" style=\"left:812px;bottom:803px;letter-spacing:-0.13px;display:inline;\">2,396 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t3g_206\" style=\"left:65px;bottom:784px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">Trade and other payables </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t3h_206\" style=\"left:302px;bottom:784px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t3i_206\" style=\"left:356px;bottom:784px;letter-spacing:-0.17px;display:inline;\">69 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t3j_206\" style=\"left:416px;bottom:784px;letter-spacing:-0.35px;display:inline;\">670 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t3k_206\" style=\"left:497px;bottom:784px;letter-spacing:-0.51px;display:inline;\">47 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t3l_206\" style=\"left:555px;bottom:784px;letter-spacing:-0.29px;display:inline;\">786 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t3m_206\" style=\"left:624px;bottom:784px;letter-spacing:-0.09px;display:inline;\">83 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t3n_206\" style=\"left:683px;bottom:784px;letter-spacing:-0.13px;display:inline;\">658 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t3o_206\" style=\"left:764px;bottom:784px;letter-spacing:-0.29px;display:inline;\">37 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t3p_206\" style=\"left:823px;bottom:784px;letter-spacing:-0.1px;display:inline;\">778 </div></td></tr></table>\n<div class=\"t sg_206\" id=\"t3q_206\" style=\"left:65px;bottom:761px;display:inline;\">a </div><div class=\"t sh_206\" id=\"t3r_206\" style=\"left:74px;bottom:757px;letter-spacing:0.03px;word-spacing:-0.13px;display:inline;\">With the exception of equity securities of $87m (2022: $88m) measured at fair value through other comprehensive income, all are measured at fair value through pro</div><div class=\"t s7_206\" id=\"t3s_206\" style=\"left:771px;bottom:757px;letter-spacing:0.05px;word-spacing:-0.17px;display:inline;\">fit or loss. </div><div class=\"t sh_206\" id=\"t3t_206\" style=\"left:74px;bottom:746px;letter-spacing:0.04px;word-spacing:-0.15px;display:inline;\">Of those, the </div><div class=\"t s7_206\" id=\"t3u_206\" style=\"left:131px;bottom:746px;letter-spacing:0.04px;word-spacing:-0.15px;display:inline;\">financial assets related to the de</div><div class=\"t sh_206\" id=\"t3v_206\" style=\"left:268px;bottom:746px;letter-spacing:0.04px;word-spacing:-0.15px;display:inline;\">ferred compensation plan investments were designated as such upon initial recognition. </div><div class=\"t sg_206\" id=\"t3w_206\" style=\"left:65px;bottom:732px;display:inline;\">b </div><div class=\"t sh_206\" id=\"t3x_206\" style=\"left:74px;bottom:728px;letter-spacing:0.03px;word-spacing:-0.13px;display:inline;\">Of those measured at fair value, $14m (2022: $3m) are Level 1 and $110m (2022: $103m) are Level 3. </div><div class=\"t si_206\" id=\"t3y_206\" style=\"left:65px;bottom:696px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Financial assets and liabilities measured at amortised cost whose carrying amount is not a reasonable approximation of fair value are </div><div class=\"t si_206\" id=\"t3z_206\" style=\"left:65px;bottom:681px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">as follows: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_206\" id=\"t40_206\" style=\"left:440px;bottom:653px;letter-spacing:0.04px;word-spacing:-0.15px;display:inline;\">Hierarchy of </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_206\" id=\"t43_206\" style=\"left:644px;bottom:659px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_206\" id=\"t44_206\" style=\"left:819px;bottom:659px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_206\" id=\"t41_206\" style=\"left:454px;bottom:643px;letter-spacing:0.02px;word-spacing:-0.14px;display:inline;\">fair value </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_206\" id=\"t45_206\" style=\"left:517px;bottom:643px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">Carrying value </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_206\" id=\"t47_206\" style=\"left:626px;bottom:643px;letter-spacing:0.01px;word-spacing:-0.12px;display:inline;\">Fair value </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_206\" id=\"t49_206\" style=\"left:693px;bottom:643px;letter-spacing:0.06px;word-spacing:-0.17px;display:inline;\">Carrying value </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_206\" id=\"t4b_206\" style=\"left:801px;bottom:643px;letter-spacing:-0.02px;word-spacing:-0.1px;display:inline;\">Fair value </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_206\" id=\"t42_206\" style=\"left:433px;bottom:632px;letter-spacing:0.14px;display:inline;\">measurement </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_206\" id=\"t46_206\" style=\"left:567px;bottom:632px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_206\" id=\"t48_206\" style=\"left:653px;bottom:632px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_206\" id=\"t4a_206\" style=\"left:740px;bottom:632px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_206\" id=\"t4c_206\" style=\"left:827px;bottom:632px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t4d_206\" style=\"left:65px;bottom:614px;letter-spacing:-0.23px;word-spacing:-0.15px;display:inline;\">\u20ac500m 1.625% bonds 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t4e_206\" style=\"left:491px;bottom:614px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t4f_206\" style=\"left:561px;bottom:614px;letter-spacing:-0.17px;display:inline;\">555 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t4g_206\" style=\"left:647px;bottom:614px;letter-spacing:-0.11px;display:inline;\">545 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t4h_206\" style=\"left:735px;bottom:614px;letter-spacing:-0.11px;display:inline;\">534 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t4i_206\" style=\"left:827px;bottom:614px;letter-spacing:-0.34px;display:inline;\">511 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t4j_206\" style=\"left:65px;bottom:596px;letter-spacing:-0.22px;word-spacing:-0.16px;display:inline;\">\u00a3300m 3.75% bonds 2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t4k_206\" style=\"left:490px;bottom:596px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t4l_206\" style=\"left:562px;bottom:596px;letter-spacing:-0.21px;display:inline;\">387 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t4m_206\" style=\"left:648px;bottom:596px;letter-spacing:-0.32px;display:inline;\">373 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t4n_206\" style=\"left:735px;bottom:596px;letter-spacing:-0.1px;display:inline;\">365 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t4o_206\" style=\"left:821px;bottom:596px;letter-spacing:-0.04px;display:inline;\">344 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t4p_206\" style=\"left:65px;bottom:577px;letter-spacing:-0.24px;word-spacing:-0.14px;display:inline;\">\u00a3350m 2.125% bonds 2026 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t4q_206\" style=\"left:490px;bottom:577px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t4r_206\" style=\"left:560px;bottom:577px;letter-spacing:-0.12px;display:inline;\">449 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t4s_206\" style=\"left:649px;bottom:577px;letter-spacing:-0.32px;display:inline;\">416 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t4t_206\" style=\"left:736px;bottom:577px;letter-spacing:-0.26px;display:inline;\">423 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t4u_206\" style=\"left:823px;bottom:577px;letter-spacing:-0.17px;display:inline;\">367 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t4v_206\" style=\"left:65px;bottom:559px;letter-spacing:-0.24px;word-spacing:-0.15px;display:inline;\">\u20ac500m 2.125% bonds 2027 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t4w_206\" style=\"left:490px;bottom:559px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t4x_206\" style=\"left:561px;bottom:559px;letter-spacing:-0.2px;display:inline;\">559 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t4y_206\" style=\"left:648px;bottom:559px;letter-spacing:-0.15px;display:inline;\">535 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t4z_206\" style=\"left:735px;bottom:559px;letter-spacing:-0.12px;display:inline;\">539 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t50_206\" style=\"left:822px;bottom:559px;letter-spacing:-0.12px;display:inline;\">492 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t51_206\" style=\"left:65px;bottom:540px;letter-spacing:-0.21px;word-spacing:-0.18px;display:inline;\">\u00a3400m 3.375% bonds 2028 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t52_206\" style=\"left:490px;bottom:540px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t53_206\" style=\"left:560px;bottom:540px;letter-spacing:-0.21px;display:inline;\">509 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t54_206\" style=\"left:648px;bottom:540px;letter-spacing:-0.5px;display:inline;\">476 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t55_206\" style=\"left:734px;bottom:540px;letter-spacing:-0.11px;display:inline;\">480 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t56_206\" style=\"left:825px;bottom:540px;letter-spacing:-0.34px;display:inline;\">417 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t57_206\" style=\"left:65px;bottom:522px;letter-spacing:-0.21px;word-spacing:-0.18px;display:inline;\">\u20ac600m 4.375% bonds 2029 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t58_206\" style=\"left:490px;bottom:522px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t59_206\" style=\"left:560px;bottom:522px;letter-spacing:-0.16px;display:inline;\">663 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t5a_206\" style=\"left:647px;bottom:522px;letter-spacing:-0.17px;display:inline;\">689 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t5b_206\" style=\"left:749px;bottom:522px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t5c_206\" style=\"left:836px;bottom:522px;display:inline;\">\u2013 </div></td></tr></table>\n<div class=\"t s5_206\" id=\"t5d_206\" style=\"left:65px;bottom:488px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">Right of o\ufb00set </div><div class=\"t sj_206\" id=\"t5e_206\" style=\"left:65px;bottom:473px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Other than in relation to cash pooling arrangements (see note 18), there are no financial instruments with a significant </div><div class=\"t si_206\" id=\"t5f_206\" style=\"left:719px;bottom:473px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">fair value subject </div><div class=\"t si_206\" id=\"t5g_206\" style=\"left:65px;bottom:458px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">to enforceable master netting arrangements and other similar agreements that are not o\ufb00set in the Group statement of </div><div class=\"t sj_206\" id=\"t5h_206\" style=\"left:729px;bottom:458px;letter-spacing:-0.04px;word-spacing:-0.12px;display:inline;\">financial position. </div><div class=\"t s4_206\" id=\"t5i_206\" style=\"left:65px;bottom:435px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">Valuation techniques </div><div class=\"t sk_206\" id=\"t5j_206\" style=\"left:65px;bottom:419px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">Money market funds, deferred compensation plan investments and bonds </div><div class=\"t si_206\" id=\"t5k_206\" style=\"left:65px;bottom:404px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The fair value of money market funds, deferred compensation plan investments and bonds is based on their quoted market price. </div><div class=\"t sl_206\" id=\"t5l_206\" style=\"left:65px;bottom:381px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Unquoted equity securities </div><div class=\"t si_206\" id=\"t5m_206\" style=\"left:65px;bottom:366px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Unquoted equity securities are fair valued using a discounted cash </div><div class=\"t sj_206\" id=\"t5n_206\" style=\"left:438px;bottom:366px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">flow model, either internally or using pro</div><div class=\"t si_206\" id=\"t5o_206\" style=\"left:663px;bottom:366px;letter-spacing:-0.05px;word-spacing:-0.11px;display:inline;\">fessional external valuers. </div><div class=\"t sj_206\" id=\"t5p_206\" style=\"left:65px;bottom:351px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">The significant unobservable inputs used to determine the </div><div class=\"t si_206\" id=\"t5q_206\" style=\"left:393px;bottom:351px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">fair value of the equity securities are RevPAR growth (based on the market- </div><div class=\"t sj_206\" id=\"t5r_206\" style=\"left:65px;bottom:335px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">specific growth assumptions used by external valuers), pre-tax discount rate which ranged </div><div class=\"t si_206\" id=\"t5s_206\" style=\"left:572px;bottom:335px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">from 6.4% to 10.0% (2022: 6.3% to 10.0%), </div><div class=\"t si_206\" id=\"t5t_206\" style=\"left:65px;bottom:320px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">and a non-marketability factor which ranged from 20.0% to 30.0% (2022: 20.0% to 30.0%). </div><div class=\"t si_206\" id=\"t5u_206\" style=\"left:65px;bottom:297px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">There is no material sensitivity arising from changes in assumptions. </div><div class=\"t s4_206\" id=\"t5v_206\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t sl_206\" id=\"t5w_206\" style=\"left:65px;bottom:31px;letter-spacing:0.04px;display:inline;\"></div><div></div><div class=\"t s3_207\" id=\"t5_207\" style=\"left:65px;bottom:1100px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Derivative financial instruments and other payables </div><div class=\"t s4_207\" id=\"t6_207\" style=\"left:65px;bottom:1084px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Currency swaps and currency forwards are measured at the present value of future cash </div><div class=\"t s5_207\" id=\"t7_207\" style=\"left:559px;bottom:1084px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">flows discounted back based on quoted </div><div class=\"t s4_207\" id=\"t8_207\" style=\"left:785px;bottom:1084px;letter-spacing:-0.06px;display:inline;\">forward </div><div class=\"t s4_207\" id=\"t9_207\" style=\"left:65px;bottom:1069px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">exchange rates and the applicable yield curves derived from quoted interest rates. Adjustments for credit risk use observable credit default </div><div class=\"t s5_207\" id=\"ta_207\" style=\"left:65px;bottom:1054px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">swap spreads. </div><div class=\"t s4_207\" id=\"tb_207\" style=\"left:65px;bottom:1031px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The put option over part of the Group\u2019s investment in the Barclay associate was valued at $nil at 31 December 2023 and 2022. The value </div><div class=\"t s4_207\" id=\"tc_207\" style=\"left:65px;bottom:1016px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">is equal to the excess of the amount receivable under the option (which is based on the Group\u2019s capital invested to date) over fair value </div><div class=\"t s4_207\" id=\"td_207\" style=\"left:65px;bottom:1000px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">and is also a\ufb00ected by specially allocated expenses which resulted in an obligation of $18m in 2022 which reversed in 2023 (see note 6). </div><div class=\"t s4_207\" id=\"te_207\" style=\"left:65px;bottom:985px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">The fair value of the hotel was derived from a pricing opinion provided by a professional external valuer which is categorised as a Level 3 </div><div class=\"t s4_207\" id=\"tf_207\" style=\"left:65px;bottom:970px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">fair value measurement. The fair value of the hotel could fall by $38m before a liability arises. </div><div class=\"t s6_207\" id=\"tg_207\" style=\"left:65px;bottom:947px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Deferred purchase consideration </div><div class=\"t s4_207\" id=\"th_207\" style=\"left:65px;bottom:932px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Deferred purchase consideration arose in respect of the acquisition of Regent, and comprises $13m payable in 2024. The </div><div class=\"t s5_207\" id=\"ti_207\" style=\"left:742px;bottom:932px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">first instalment </div><div class=\"t s4_207\" id=\"tj_207\" style=\"left:65px;bottom:916px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">of $13m was paid in 2021. </div><div class=\"t s3_207\" id=\"tk_207\" style=\"left:65px;bottom:893px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Contingent purchase consideration </div><div class=\"t s7_207\" id=\"tl_207\" style=\"left:65px;bottom:878px;word-spacing:-0.13px;display:inline;\">Regent $69m (2022: $65m) </div><div class=\"t s5_207\" id=\"tm_207\" style=\"left:65px;bottom:863px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">In 2018, the Group acquired a 51% controlling interest in Regent Hospitality Worldwide, Inc (\u2018RHW\u2019), with put and call options existing over </div><div class=\"t s4_207\" id=\"tn_207\" style=\"left:65px;bottom:848px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">the remaining 49% shareholding exercisable in a phased manner from 2026 to 2033. The Group has a present ownership interest in the </div><div class=\"t s4_207\" id=\"to_207\" style=\"left:65px;bottom:832px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">remaining shares and the acquisition was accounted for as 100% owned with no non-controlling interest recognised and contingent </div><div class=\"t s4_207\" id=\"tp_207\" style=\"left:65px;bottom:817px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">purchase consideration comprising the present value of the expected amounts payable on exercise of the options based on the annual </div><div class=\"t s4_207\" id=\"tq_207\" style=\"left:65px;bottom:802px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">trailing revenue of RHW in the year preceding exercise with a </div><div class=\"t s5_207\" id=\"tr_207\" style=\"left:406px;bottom:802px;letter-spacing:-0.02px;word-spacing:-0.13px;display:inline;\">floor applied. </div><div class=\"t s4_207\" id=\"ts_207\" style=\"left:65px;bottom:779px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The value of the contingent purchase consideration is subject to periodic reassessment as interest rates and RHW revenue expectations </div><div class=\"t s4_207\" id=\"tt_207\" style=\"left:65px;bottom:764px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">change. At 31 December 2023, it is assumed that $39m will be paid in 2026 to acquire an additional 25% of RHW with the remaining 24% </div><div class=\"t s4_207\" id=\"tu_207\" style=\"left:65px;bottom:748px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">acquired in 2028 for $42m. This assumes that the options will be exercised at the earliest permissible date which is consistent with the </div><div class=\"t s4_207\" id=\"tv_207\" style=\"left:65px;bottom:733px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">assumption made on acquisition. The amount recognised is the discounted value of the total expected amount payable of $81m. </div><div class=\"t s4_207\" id=\"tw_207\" style=\"left:65px;bottom:718px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The discount rate applied is based on observable US corporate bond rates of similar term to the expected payment dates. The range </div><div class=\"t s4_207\" id=\"tx_207\" style=\"left:65px;bottom:702px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">of possible outcomes remains unchanged from the date of acquisition at $81m to $261m (undiscounted). </div><div class=\"t s5_207\" id=\"ty_207\" style=\"left:65px;bottom:680px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">The significant unobservable inputs used to determine the </div><div class=\"t s4_207\" id=\"tz_207\" style=\"left:393px;bottom:680px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">fair value of the contingent purchase consideration are the projected trailing </div><div class=\"t s4_207\" id=\"t10_207\" style=\"left:65px;bottom:664px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">revenues of RHW and the date of exercising the options. If the annual trailing revenue of RHW were to exceed the </div><div class=\"t s5_207\" id=\"t11_207\" style=\"left:695px;bottom:664px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">floor by 10%, the amount </div><div class=\"t s4_207\" id=\"t12_207\" style=\"left:65px;bottom:649px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">of the contingent purchase consideration recognised in the Group Financial Statements would increase by $7m (2022: $6m). If the date </div><div class=\"t s4_207\" id=\"t13_207\" style=\"left:65px;bottom:634px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">for exercising the options is assumed to be 2033, the amount of the undiscounted contingent purchase consideration would be $86m </div><div class=\"t s5_207\" id=\"t14_207\" style=\"left:65px;bottom:618px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">(2022: $86m). </div><div class=\"t s8_207\" id=\"t15_207\" style=\"left:65px;bottom:596px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Level 3 reconciliation </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s9_207\" id=\"t16_207\" style=\"left:684px;bottom:581px;letter-spacing:0.13px;display:inline;\">Other </div></td><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_207\" id=\"t1d_207\" style=\"left:791px;bottom:581px;letter-spacing:0.1px;display:inline;\">Contingent </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_207\" id=\"t17_207\" style=\"left:671px;bottom:571px;letter-spacing:0.09px;display:inline;\">financial </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s9_207\" id=\"t1a_207\" style=\"left:750px;bottom:571px;letter-spacing:0.13px;display:inline;\">Other </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_207\" id=\"t1e_207\" style=\"left:800px;bottom:570px;letter-spacing:0.13px;display:inline;\">purchase </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s9_207\" id=\"t18_207\" style=\"left:682px;bottom:560px;letter-spacing:0.14px;display:inline;\">assets </div> </td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s9_207\" id=\"t1b_207\" style=\"left:736px;bottom:560px;letter-spacing:0.07px;display:inline;\">payables </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_207\" id=\"t1f_207\" style=\"left:780px;bottom:560px;letter-spacing:0.1px;display:inline;\">consideration </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_207\" id=\"t19_207\" style=\"left:695px;bottom:549px;letter-spacing:0.19px;display:inline;\">$m </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s9_207\" id=\"t1c_207\" style=\"left:761px;bottom:549px;letter-spacing:0.19px;display:inline;\">$m </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_207\" id=\"t1g_207\" style=\"left:827px;bottom:549px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t1h_207\" style=\"left:65px;bottom:531px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">At 1 January 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t1i_207\" style=\"left:692px;bottom:531px;letter-spacing:-0.13px;display:inline;\">106 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t1j_207\" style=\"left:770px;bottom:531px;display:inline;\">\u2013 </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t1k_207\" style=\"left:826px;bottom:531px;letter-spacing:-0.22px;display:inline;\">(73) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t1l_207\" style=\"left:65px;bottom:513px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Valuation losses recognised in other comprehensive income </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t1m_207\" style=\"left:702px;bottom:513px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t1n_207\" style=\"left:770px;bottom:513px;display:inline;\">\u2013 </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t1o_207\" style=\"left:836px;bottom:513px;display:inline;\">\u2013 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t sb_207\" id=\"t1p_207\" style=\"left:65px;bottom:494px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Unrealised changes in fair value </div><div class=\"t sc_207\" id=\"t1q_207\" style=\"vertical-align: super;left:221px;bottom:501px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t1r_207\" style=\"left:704px;bottom:494px;display:inline;\">\u2013 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t1s_207\" style=\"left:762px;bottom:494px;letter-spacing:-0.29px;display:inline;\">(18) </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t1t_207\" style=\"left:835px;bottom:494px;display:inline;\">8 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t1u_207\" style=\"left:65px;bottom:476px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Exchange adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t1v_207\" style=\"left:701px;bottom:476px;letter-spacing:-0.26px;display:inline;\">(2) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t1w_207\" style=\"left:770px;bottom:476px;display:inline;\">\u2013 </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t1x_207\" style=\"left:836px;bottom:476px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t1y_207\" style=\"left:65px;bottom:457px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t1z_207\" style=\"left:692px;bottom:457px;letter-spacing:-0.18px;display:inline;\">103 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t20_207\" style=\"left:762px;bottom:457px;letter-spacing:-0.29px;display:inline;\">(18) </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t21_207\" style=\"left:826px;bottom:457px;letter-spacing:-0.26px;display:inline;\">(65) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t22_207\" style=\"left:65px;bottom:439px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Valuation losses recognised in other comprehensive income </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_207\" id=\"t23_207\" style=\"left:700px;bottom:439px;letter-spacing:-0.29px;display:inline;\">(2) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"> <div class=\"t sd_207\" id=\"t25_207\" style=\"left:836px;bottom:439px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_207\" id=\"t24_207\" style=\"left:770px;bottom:439px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t26_207\" style=\"left:65px;bottom:420px;letter-spacing:-0.23px;display:inline;\">Additions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_207\" id=\"t27_207\" style=\"left:703px;bottom:420px;display:inline;\">8 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t sd_207\" id=\"t28_207\" style=\"left:770px;bottom:420px;display:inline;\">\u2013 </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_207\" id=\"t29_207\" style=\"left:836px;bottom:420px;display:inline;\">\u2013 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t sb_207\" id=\"t2a_207\" style=\"left:65px;bottom:402px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Unrealised changes in fair value </div><div class=\"t sc_207\" id=\"t2b_207\" style=\"vertical-align: super;left:221px;bottom:409px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_207\" id=\"t2c_207\" style=\"left:704px;bottom:402px;display:inline;\">\u2013 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t sd_207\" id=\"t2d_207\" style=\"left:764px;bottom:402px;letter-spacing:-0.22px;display:inline;\">18 </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_207\" id=\"t2e_207\" style=\"left:832px;bottom:402px;letter-spacing:-0.5px;display:inline;\">(4) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t2f_207\" style=\"left:65px;bottom:383px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_207\" id=\"t2g_207\" style=\"left:705px;bottom:383px;display:inline;\">1 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t sd_207\" id=\"t2h_207\" style=\"left:770px;bottom:383px;display:inline;\">\u2013 </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_207\" id=\"t2i_207\" style=\"left:836px;bottom:383px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_207\" id=\"t2j_207\" style=\"left:65px;bottom:365px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_207\" id=\"t2k_207\" style=\"left:693px;bottom:365px;letter-spacing:-0.27px;display:inline;\">110 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t sd_207\" id=\"t2l_207\" style=\"left:770px;bottom:365px;display:inline;\">\u2013 </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_207\" id=\"t2m_207\" style=\"left:824px;bottom:365px;letter-spacing:-0.33px;display:inline;\">(69) </div></td></tr></table>\n<div class=\"t se_207\" id=\"t2n_207\" style=\"left:65px;bottom:341px;display:inline;\">a </div><div class=\"t sf_207\" id=\"t2o_207\" style=\"left:74px;bottom:337px;letter-spacing:0.02px;word-spacing:-0.13px;display:inline;\">The change in the fair value of other payables was recognised within share of pro</div><div class=\"t sg_207\" id=\"t2p_207\" style=\"left:416px;bottom:337px;letter-spacing:0.05px;display:inline;\">fits/(losses) </div><div class=\"t sf_207\" id=\"t2q_207\" style=\"left:467px;bottom:337px;letter-spacing:0.03px;word-spacing:-0.14px;display:inline;\">from associates and joint ventures in the Group income statement and is presented as an </div><div class=\"t sg_207\" id=\"t2r_207\" style=\"left:74px;bottom:327px;word-spacing:-0.11px;display:inline;\">exceptional item (see note 6). </div><div class=\"t s3_207\" id=\"t2s_207\" style=\"left:65px;bottom:31px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\"> </div><div class=\"t m0_207 sh_207\" id=\"t2t_207\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t s3_207\" id=\"t2u_207\" style=\"left:822px;bottom:31px;letter-spacing:0.09px;display:inline;\"></div><div></div><div class=\"t s2_208\" id=\"t3_208\" style=\"left:65px;bottom:1115px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">26. Reconciliation of pro</div><div class=\"t s3_208\" id=\"t4_208\" style=\"left:206px;bottom:1115px;letter-spacing:-0.06px;display:inline;\">fit </div><div class=\"t s2_208\" id=\"t5_208\" style=\"left:220px;bottom:1115px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">for the year to cash </div><div class=\"t s3_208\" id=\"t6_208\" style=\"left:332px;bottom:1115px;letter-spacing:-0.06px;display:inline;\">flow </div><div class=\"t s2_208\" id=\"t7_208\" style=\"left:360px;bottom:1115px;word-spacing:-0.13px;display:inline;\">from operations </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_208\" id=\"t8_208\" style=\"left:686px;bottom:1101px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_208\" id=\"ta_208\" style=\"left:753px;bottom:1101px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_208\" id=\"tc_208\" style=\"left:821px;bottom:1101px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_208\" id=\"t9_208\" style=\"left:695px;bottom:1090px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_208\" id=\"tb_208\" style=\"left:761px;bottom:1090px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_208\" id=\"td_208\" style=\"left:827px;bottom:1090px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_208\" id=\"te_208\" style=\"left:65px;bottom:1073px;letter-spacing:-0.18px;display:inline;\">Profit </div> <div class=\"t s7_208\" id=\"tf_208\" style=\"left:95px;bottom:1073px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">for the year </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"tg_208\" style=\"left:689px;bottom:1073px;letter-spacing:-0.23px;display:inline;\">750 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"th_208\" style=\"left:757px;bottom:1073px;letter-spacing:-0.35px;display:inline;\">376 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"ti_208\" style=\"left:822px;bottom:1073px;letter-spacing:-0.16px;display:inline;\">265 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"tj_208\" style=\"left:65px;bottom:1055px;letter-spacing:-0.28px;word-spacing:-0.08px;display:inline;\">Adjustments for: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_208\" id=\"tk_208\" style=\"left:65px;bottom:1036px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">Net financial expenses </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"tl_208\" style=\"left:696px;bottom:1036px;letter-spacing:-0.37px;display:inline;\">52 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"tm_208\" style=\"left:762px;bottom:1036px;letter-spacing:-0.06px;display:inline;\">96 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"tn_208\" style=\"left:824px;bottom:1036px;letter-spacing:-0.18px;display:inline;\">139 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"to_208\" style=\"left:65px;bottom:1018px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Fair value losses/(gains) on contingent purchase consideration </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"tp_208\" style=\"left:702px;bottom:1018px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"tq_208\" style=\"left:766px;bottom:1018px;letter-spacing:-0.37px;display:inline;\">(8) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"tr_208\" style=\"left:832px;bottom:1018px;letter-spacing:-0.38px;display:inline;\">(6) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"ts_208\" style=\"left:65px;bottom:999px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Income tax charge </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"tt_208\" style=\"left:688px;bottom:999px;letter-spacing:-0.2px;display:inline;\">260 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"tu_208\" style=\"left:758px;bottom:999px;letter-spacing:-0.14px;display:inline;\">164 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"tv_208\" style=\"left:828px;bottom:999px;letter-spacing:-0.06px;display:inline;\">96 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_208\" id=\"tw_208\" style=\"left:65px;bottom:981px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Operating profit adjustments: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_208\" id=\"tx_208\" style=\"left:73px;bottom:962px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Impairment (reversal)/loss on financial assets </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"ty_208\" style=\"left:701px;bottom:962px;letter-spacing:-0.39px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"tz_208\" style=\"left:769px;bottom:962px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t10_208\" style=\"left:836px;bottom:962px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t11_208\" style=\"left:73px;bottom:943px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Other net impairment (reversals)/charges </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t12_208\" style=\"left:703px;bottom:943px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t13_208\" style=\"left:766px;bottom:943px;letter-spacing:-0.29px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t14_208\" style=\"left:835px;bottom:943px;display:inline;\">4 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t15_208\" style=\"left:73px;bottom:925px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Other operating exceptional items </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t16_208\" style=\"left:692px;bottom:925px;letter-spacing:-0.27px;display:inline;\">(28) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t17_208\" style=\"left:756px;bottom:925px;letter-spacing:-0.15px;display:inline;\">100 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t18_208\" style=\"left:829px;bottom:925px;letter-spacing:-0.21px;display:inline;\">25 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t19_208\" style=\"left:73px;bottom:906px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Depreciation and amortisation </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t1a_208\" style=\"left:696px;bottom:906px;letter-spacing:-0.23px;display:inline;\">67 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t1b_208\" style=\"left:762px;bottom:906px;letter-spacing:-0.11px;display:inline;\">68 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t1c_208\" style=\"left:828px;bottom:906px;letter-spacing:-0.11px;display:inline;\">98 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t1d_208\" style=\"left:695px;bottom:888px;letter-spacing:-0.16px;display:inline;\">38 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t1e_208\" style=\"left:758px;bottom:888px;letter-spacing:-0.15px;display:inline;\">168 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t1f_208\" style=\"left:826px;bottom:888px;letter-spacing:-0.21px;display:inline;\">127 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t1g_208\" style=\"left:73px;bottom:851px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Contract assets deduction in revenue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t1h_208\" style=\"left:696px;bottom:851px;letter-spacing:-0.26px;display:inline;\">37 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t1i_208\" style=\"left:763px;bottom:851px;letter-spacing:-0.24px;display:inline;\">32 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t1j_208\" style=\"left:829px;bottom:851px;letter-spacing:-0.09px;display:inline;\">35 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t1k_208\" style=\"left:73px;bottom:832px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">Share-based payments cost </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t1l_208\" style=\"left:695px;bottom:832px;letter-spacing:-0.21px;display:inline;\">36 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t1m_208\" style=\"left:762px;bottom:832px;letter-spacing:-0.16px;display:inline;\">30 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t1n_208\" style=\"left:829px;bottom:832px;letter-spacing:-0.28px;display:inline;\">28 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t1o_208\" style=\"left:73px;bottom:814px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Share of (pro</div><div class=\"t s9_208\" id=\"t1p_208\" style=\"left:137px;bottom:814px;letter-spacing:-0.2px;word-spacing:-0.14px;display:inline;\">fits)/losses o</div><div class=\"t s8_208\" id=\"t1q_208\" style=\"left:199px;bottom:814px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">f associates and joint ventures (before exceptional items) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t1r_208\" style=\"left:694px;bottom:814px;letter-spacing:-0.35px;display:inline;\">(13) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t1s_208\" style=\"left:768px;bottom:814px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t1t_208\" style=\"left:835px;bottom:814px;display:inline;\">8 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t1u_208\" style=\"left:694px;bottom:795px;letter-spacing:-0.2px;display:inline;\">60 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t1v_208\" style=\"left:764px;bottom:795px;letter-spacing:-0.09px;display:inline;\">61 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t1w_208\" style=\"left:831px;bottom:795px;letter-spacing:-0.01px;display:inline;\">71 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t1x_208\" style=\"left:65px;bottom:777px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">System Fund adjustments: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t1y_208\" style=\"left:73px;bottom:758px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Depreciation and amortisation </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t1z_208\" style=\"left:695px;bottom:758px;letter-spacing:-0.15px;display:inline;\">83 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t20_208\" style=\"left:762px;bottom:758px;letter-spacing:-0.13px;display:inline;\">86 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t21_208\" style=\"left:828px;bottom:758px;letter-spacing:-0.2px;display:inline;\">94 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_208\" id=\"t22_208\" style=\"left:73px;bottom:740px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Impairment loss/(reversal) on financial assets </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t23_208\" style=\"left:703px;bottom:740px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t24_208\" style=\"left:770px;bottom:740px;display:inline;\">7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t25_208\" style=\"left:832px;bottom:740px;letter-spacing:-0.38px;display:inline;\">(6) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t26_208\" style=\"left:73px;bottom:721px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Other impairment reversals </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t27_208\" style=\"left:703px;bottom:721px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t28_208\" style=\"left:770px;bottom:721px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t29_208\" style=\"left:832px;bottom:721px;letter-spacing:-0.4px;display:inline;\">(3) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t2a_208\" style=\"left:73px;bottom:703px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">Share-based payments cost </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t2b_208\" style=\"left:695px;bottom:703px;letter-spacing:-0.2px;display:inline;\">20 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t2c_208\" style=\"left:764px;bottom:703px;letter-spacing:-0.2px;display:inline;\">16 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t2d_208\" style=\"left:831px;bottom:703px;letter-spacing:-0.25px;display:inline;\">13 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t2e_208\" style=\"left:73px;bottom:684px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Share of losses of associates </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t2f_208\" style=\"left:702px;bottom:684px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t2g_208\" style=\"left:771px;bottom:684px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t2h_208\" style=\"left:835px;bottom:684px;display:inline;\">2 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t2i_208\" style=\"left:690px;bottom:665px;letter-spacing:-0.18px;display:inline;\">106 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t2j_208\" style=\"left:760px;bottom:665px;letter-spacing:-0.27px;display:inline;\">110 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t2k_208\" style=\"left:822px;bottom:665px;letter-spacing:-0.15px;display:inline;\">100 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t2l_208\" style=\"left:65px;bottom:647px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Working capital and other adjustments: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t2m_208\" style=\"left:73px;bottom:628px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Increase in deferred revenue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t2n_208\" style=\"left:691px;bottom:628px;letter-spacing:-0.23px;display:inline;\">123 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t2o_208\" style=\"left:757px;bottom:628px;letter-spacing:-0.17px;display:inline;\">108 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t2p_208\" style=\"left:828px;bottom:628px;letter-spacing:-0.13px;display:inline;\">39 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t2q_208\" style=\"left:73px;bottom:610px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Decrease in inventories </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t2r_208\" style=\"left:703px;bottom:610px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t2s_208\" style=\"left:770px;bottom:610px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t2t_208\" style=\"left:837px;bottom:610px;display:inline;\">1 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t2u_208\" style=\"left:73px;bottom:591px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Increase in trade and other receivables </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t2v_208\" style=\"left:692px;bottom:591px;letter-spacing:-0.32px;display:inline;\">(70) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t2w_208\" style=\"left:756px;bottom:591px;letter-spacing:-0.28px;display:inline;\">(132) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t2x_208\" style=\"left:826px;bottom:591px;letter-spacing:-0.15px;display:inline;\">(75) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t2y_208\" style=\"left:73px;bottom:573px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Increase in trade and other payables </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t2z_208\" style=\"left:698px;bottom:573px;letter-spacing:-0.24px;display:inline;\">31 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t30_208\" style=\"left:761px;bottom:573px;letter-spacing:-0.14px;display:inline;\">121 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t31_208\" style=\"left:824px;bottom:573px;letter-spacing:-0.14px;display:inline;\">153 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t32_208\" style=\"left:73px;bottom:554px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t33_208\" style=\"left:699px;bottom:554px;letter-spacing:-0.37px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t34_208\" style=\"left:769px;bottom:554px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t35_208\" style=\"left:832px;bottom:554px;letter-spacing:-0.37px;display:inline;\">(8) </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t36_208\" style=\"left:696px;bottom:536px;letter-spacing:-0.32px;display:inline;\">79 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t37_208\" style=\"left:760px;bottom:536px;letter-spacing:-0.15px;display:inline;\">101 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t38_208\" style=\"left:826px;bottom:536px;letter-spacing:-0.27px;display:inline;\">110 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_208\" id=\"t39_208\" style=\"left:65px;bottom:499px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Cash flows relating to exceptional items </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t3a_208\" style=\"left:692px;bottom:499px;letter-spacing:-0.25px;display:inline;\">(29) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t3b_208\" style=\"left:759px;bottom:499px;letter-spacing:-0.3px;display:inline;\">(43) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t3c_208\" style=\"left:828px;bottom:499px;letter-spacing:-0.3px;display:inline;\">(12) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t3d_208\" style=\"left:65px;bottom:480px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Contract acquisition costs, net of repayments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t3e_208\" style=\"left:689px;bottom:480px;letter-spacing:-0.29px;display:inline;\">(101) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t3f_208\" style=\"left:759px;bottom:480px;letter-spacing:-0.3px;display:inline;\">(64) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t3g_208\" style=\"left:826px;bottom:480px;letter-spacing:-0.39px;display:inline;\">(42) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t3h_208\" style=\"left:65px;bottom:462px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Total adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t3i_208\" style=\"left:688px;bottom:462px;letter-spacing:-0.17px;display:inline;\">469 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t3j_208\" style=\"left:756px;bottom:462px;letter-spacing:-0.13px;display:inline;\">585 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t3k_208\" style=\"left:822px;bottom:462px;letter-spacing:-0.14px;display:inline;\">583 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_208\" id=\"t3l_208\" style=\"left:65px;bottom:425px;letter-spacing:-0.19px;word-spacing:-0.16px;display:inline;\">Cash flow </div><div class=\"t s7_208\" id=\"t3m_208\" style=\"left:117px;bottom:425px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">from operations </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t3n_208\" style=\"left:683px;bottom:425px;letter-spacing:-0.16px;display:inline;\">1,219 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t3o_208\" style=\"left:758px;bottom:425px;letter-spacing:-0.07px;display:inline;\">961 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t3p_208\" style=\"left:822px;bottom:425px;letter-spacing:-0.08px;display:inline;\">848 </div></td></tr></table>\n<div class=\"t sa_208\" id=\"t3q_208\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t sb_208\" id=\"t3r_208\" style=\"left:65px;bottom:31px;letter-spacing:0.11px;display:inline;\"></div><div></div><div class=\"t s0_209\" id=\"t1_209\" style=\"left:65px;bottom:1115px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">27. Retirement benefits </div><div class=\"t s1_209\" id=\"t2_209\" style=\"left:65px;bottom:1100px;letter-spacing:0.11px;display:inline;\">UK </div><div class=\"t s2_209\" id=\"t3_209\" style=\"left:65px;bottom:1084px;letter-spacing:-0.11px;word-spacing:-0.1px;display:inline;\">Since 2014, UK retirement and death in service benefits are provided </div><div class=\"t s3_209\" id=\"t4_209\" style=\"left:446px;bottom:1084px;letter-spacing:-0.11px;word-spacing:-0.09px;display:inline;\">for eligible employees by the IHG UK De</div><div class=\"t s2_209\" id=\"t5_209\" style=\"left:666px;bottom:1084px;letter-spacing:-0.1px;word-spacing:-0.11px;display:inline;\">fined Contribution Pension Plan. </div><div class=\"t s2_209\" id=\"t6_209\" style=\"left:65px;bottom:1069px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Members are provided with defined contribution arrangements under this plan; benefits are based on each individual member\u2019s personal </div><div class=\"t s3_209\" id=\"t7_209\" style=\"left:65px;bottom:1054px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">account. The plan is HM Revenue &amp; Customs registered and governed by an independent trustee, assisted by professional advisers as and </div><div class=\"t s3_209\" id=\"t8_209\" style=\"left:65px;bottom:1039px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">when required. The overall operation of the plan is subject to the oversight of The Pensions Regulator. </div><div class=\"t s3_209\" id=\"t9_209\" style=\"left:65px;bottom:1016px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The former de</div><div class=\"t s2_209\" id=\"ta_209\" style=\"left:144px;bottom:1016px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">fined benefit plan, the InterContinental Hotels UK Pension Plan, was wound up in 2015 </div><div class=\"t s3_209\" id=\"tb_209\" style=\"left:623px;bottom:1016px;letter-spacing:-0.07px;word-spacing:-0.09px;display:inline;\">following the completion of the buy-out </div><div class=\"t s3_209\" id=\"tc_209\" style=\"left:65px;bottom:1000px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">and transfer of the de</div><div class=\"t s2_209\" id=\"td_209\" style=\"left:185px;bottom:1000px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">fined benefit obligations to Rothesay Li</div><div class=\"t s3_209\" id=\"te_209\" style=\"left:402px;bottom:1000px;letter-spacing:-0.12px;display:inline;\">fe. </div><div class=\"t s2_209\" id=\"tf_209\" style=\"left:65px;bottom:977px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Residual defined benefit obligations remain in respect o</div><div class=\"t s3_209\" id=\"tg_209\" style=\"left:376px;bottom:977px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">f additional bene</div><div class=\"t s2_209\" id=\"th_209\" style=\"left:470px;bottom:977px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">fits provided to members o</div><div class=\"t s3_209\" id=\"ti_209\" style=\"left:621px;bottom:977px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">f an unfunded pension arrangement </div><div class=\"t s3_209\" id=\"tj_209\" style=\"left:65px;bottom:962px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">(\u2018UK plan\u2019) who were a\ufb00ected by lifetime or annual allowances under the former de</div><div class=\"t s2_209\" id=\"tk_209\" style=\"left:524px;bottom:962px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">fined benefit arrangements. Accrual under this </div><div class=\"t s3_209\" id=\"tl_209\" style=\"left:65px;bottom:947px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">arrangement ceased with e\ufb00ect from 1 July 2013 and a cash-out o\ufb00er in 2014 resulted in the extinguishment of approximately 70% of the </div><div class=\"t s3_209\" id=\"tm_209\" style=\"left:65px;bottom:932px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">unfunded pension obligations. The Group meets the bene</div><div class=\"t s2_209\" id=\"tn_209\" style=\"left:388px;bottom:932px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">fit payment obligations o</div><div class=\"t s3_209\" id=\"to_209\" style=\"left:526px;bottom:932px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">f the remaining members as they fall due. A charge over </div><div class=\"t s3_209\" id=\"tp_209\" style=\"left:65px;bottom:916px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">certain ring-fenced bank accounts totalling $32m (\u00a325m) at 31 December 2023 (see note 16) is currently held as security on behalf of the </div><div class=\"t s2_209\" id=\"tq_209\" style=\"left:65px;bottom:901px;letter-spacing:-0.01px;word-spacing:-0.11px;display:inline;\">remaining members. </div><div class=\"t s1_209\" id=\"tr_209\" style=\"left:65px;bottom:878px;letter-spacing:0.09px;display:inline;\">US </div><div class=\"t s3_209\" id=\"ts_209\" style=\"left:65px;bottom:863px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">During 2018, the Group completed a termination of the US funded Inter-Continental Hotels Pension Plan, which involved certain qualifying </div><div class=\"t s3_209\" id=\"tt_209\" style=\"left:65px;bottom:848px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">members receiving lump-sum cash-out payments with the remaining pension obligations subject to a buy-out by Banner Life Insurance </div><div class=\"t s3_209\" id=\"tu_209\" style=\"left:65px;bottom:832px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Company, a subsidiary of Legal &amp; General America. </div><div class=\"t s3_209\" id=\"tv_209\" style=\"left:65px;bottom:809px;letter-spacing:-0.21px;word-spacing:-0.09px;display:inline;\">The Group continues to maintain the unfunded Inter-Continental Hotels Non-quali</div><div class=\"t s2_209\" id=\"tw_209\" style=\"left:508px;bottom:809px;letter-spacing:-0.19px;word-spacing:-0.11px;display:inline;\">fied Pension Plans (\u2018US plans\u2019) and un</div><div class=\"t s3_209\" id=\"tx_209\" style=\"left:709px;bottom:809px;letter-spacing:-0.21px;word-spacing:-0.1px;display:inline;\">funded Inter-Continental </div><div class=\"t s2_209\" id=\"ty_209\" style=\"left:65px;bottom:794px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Hotels Corporation Postretirement Medical, Dental, Vision and Death Benefit Plan (\u2018US post-retirement plan\u2019), both o</div><div class=\"t s3_209\" id=\"tz_209\" style=\"left:708px;bottom:794px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">f which are de</div><div class=\"t s2_209\" id=\"t10_209\" style=\"left:786px;bottom:794px;letter-spacing:0.03px;display:inline;\">fined </div><div class=\"t s2_209\" id=\"t11_209\" style=\"left:65px;bottom:779px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">benefit plans. Both plans are closed to new members. A Retirement Committee, comprising senior Group employees and assisted by </div><div class=\"t s3_209\" id=\"t12_209\" style=\"left:65px;bottom:764px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">professional advisers as and when required, has responsibility for oversight of the plans. </div><div class=\"t s1_209\" id=\"t13_209\" style=\"left:65px;bottom:741px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">Movement in UK and US retirement benefit obligations </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_209\" id=\"t14_209\" style=\"left:686px;bottom:727px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_209\" id=\"t16_209\" style=\"left:753px;bottom:727px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_209\" id=\"t18_209\" style=\"left:821px;bottom:727px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_209\" id=\"t15_209\" style=\"left:695px;bottom:716px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_209\" id=\"t17_209\" style=\"left:761px;bottom:716px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_209\" id=\"t19_209\" style=\"left:827px;bottom:716px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t1a_209\" style=\"left:65px;bottom:698px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">At 1 January </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_209\" id=\"t1b_209\" style=\"left:695px;bottom:698px;letter-spacing:-0.17px;display:inline;\">66 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t1c_209\" style=\"left:763px;bottom:698px;letter-spacing:-0.15px;display:inline;\">92 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t1d_209\" style=\"left:823px;bottom:698px;letter-spacing:-0.18px;display:inline;\">103 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_209\" id=\"t1e_209\" style=\"left:65px;bottom:680px;letter-spacing:-0.19px;word-spacing:-0.16px;display:inline;\">Recognised in profit or loss </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t1f_209\" style=\"left:65px;bottom:661px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Interest expense </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_209\" id=\"t1g_209\" style=\"left:702px;bottom:661px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t1h_209\" style=\"left:769px;bottom:661px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t1i_209\" style=\"left:835px;bottom:661px;display:inline;\">2 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_209\" id=\"t1j_209\" style=\"left:702px;bottom:642px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t1k_209\" style=\"left:769px;bottom:642px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t1l_209\" style=\"left:835px;bottom:642px;display:inline;\">2 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_209\" id=\"t1m_209\" style=\"left:65px;bottom:624px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">Recognised in other comprehensive income </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_209\" id=\"t1n_209\" style=\"left:65px;bottom:605px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Actuarial loss/(gain) arising from changes in: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t1o_209\" style=\"left:73px;bottom:587px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Demographic assumptions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_209\" id=\"t1p_209\" style=\"left:701px;bottom:587px;letter-spacing:-0.39px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t1q_209\" style=\"left:768px;bottom:587px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t1r_209\" style=\"left:832px;bottom:587px;letter-spacing:-0.4px;display:inline;\">(3) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t1s_209\" style=\"left:73px;bottom:568px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Financial assumptions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_209\" id=\"t1t_209\" style=\"left:702px;bottom:568px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t1u_209\" style=\"left:760px;bottom:568px;letter-spacing:-0.16px;display:inline;\">(22) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t1v_209\" style=\"left:832px;bottom:568px;letter-spacing:-0.4px;display:inline;\">(3) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t1w_209\" style=\"left:73px;bottom:550px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">Experience adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_209\" id=\"t1x_209\" style=\"left:704px;bottom:550px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t1y_209\" style=\"left:769px;bottom:550px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t1z_209\" style=\"left:834px;bottom:550px;letter-spacing:-0.35px;display:inline;\">(1) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t20_209\" style=\"left:65px;bottom:531px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Re-measurement loss/(gain) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_209\" id=\"t21_209\" style=\"left:702px;bottom:531px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t22_209\" style=\"left:762px;bottom:531px;letter-spacing:-0.2px;display:inline;\">(21) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t23_209\" style=\"left:832px;bottom:531px;letter-spacing:0.03px;display:inline;\">(7) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t24_209\" style=\"left:65px;bottom:513px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Exchange adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_209\" id=\"t25_209\" style=\"left:703px;bottom:513px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t26_209\" style=\"left:766px;bottom:513px;letter-spacing:-0.26px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t27_209\" style=\"left:834px;bottom:513px;letter-spacing:-0.35px;display:inline;\">(1) </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_209\" id=\"t28_209\" style=\"left:703px;bottom:494px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t29_209\" style=\"left:760px;bottom:494px;letter-spacing:-0.26px;display:inline;\">(23) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t2a_209\" style=\"left:832px;bottom:494px;letter-spacing:-0.37px;display:inline;\">(8) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_209\" id=\"t2b_209\" style=\"left:65px;bottom:476px;letter-spacing:-0.15px;display:inline;\">Other </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t2c_209\" style=\"left:65px;bottom:457px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Group contributions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_209\" id=\"t2d_209\" style=\"left:699px;bottom:457px;letter-spacing:-0.37px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t2e_209\" style=\"left:766px;bottom:457px;letter-spacing:-0.29px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t2f_209\" style=\"left:832px;bottom:457px;letter-spacing:-0.29px;display:inline;\">(5) </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_209\" id=\"t2g_209\" style=\"left:699px;bottom:439px;letter-spacing:-0.37px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t2h_209\" style=\"left:766px;bottom:439px;letter-spacing:-0.29px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t2i_209\" style=\"left:832px;bottom:439px;letter-spacing:-0.29px;display:inline;\">(5) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_209\" id=\"t2j_209\" style=\"left:65px;bottom:420px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_209\" id=\"t2k_209\" style=\"left:695px;bottom:420px;letter-spacing:-0.17px;display:inline;\">66 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t2l_209\" style=\"left:762px;bottom:420px;letter-spacing:-0.1px;display:inline;\">66 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t2m_209\" style=\"left:829px;bottom:420px;letter-spacing:-0.15px;display:inline;\">92 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t2n_209\" style=\"left:65px;bottom:392px;letter-spacing:-0.21px;display:inline;\">Comprising: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t2o_209\" style=\"left:73px;bottom:374px;letter-spacing:-0.21px;word-spacing:-0.16px;display:inline;\">UK plan </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_209\" id=\"t2p_209\" style=\"left:697px;bottom:374px;letter-spacing:-0.19px;display:inline;\">19 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t2q_209\" style=\"left:764px;bottom:374px;letter-spacing:-0.23px;display:inline;\">18 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t2r_209\" style=\"left:827px;bottom:374px;letter-spacing:-0.16px;display:inline;\">30 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t2s_209\" style=\"left:73px;bottom:355px;letter-spacing:-0.21px;word-spacing:-0.16px;display:inline;\">US plans </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_209\" id=\"t2t_209\" style=\"left:695px;bottom:355px;letter-spacing:-0.14px;display:inline;\">34 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t2u_209\" style=\"left:762px;bottom:355px;letter-spacing:-0.09px;display:inline;\">35 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t2v_209\" style=\"left:828px;bottom:355px;letter-spacing:0.01px;display:inline;\">45 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t2w_209\" style=\"left:73px;bottom:337px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">US post-retirement plan </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_209\" id=\"t2x_209\" style=\"left:698px;bottom:337px;letter-spacing:-0.26px;display:inline;\">13 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t2y_209\" style=\"left:765px;bottom:337px;letter-spacing:-0.25px;display:inline;\">13 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t2z_209\" style=\"left:831px;bottom:337px;letter-spacing:-0.32px;display:inline;\">17 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_209\" id=\"t30_209\" style=\"left:695px;bottom:318px;letter-spacing:-0.17px;display:inline;\">66 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t31_209\" style=\"left:762px;bottom:318px;letter-spacing:-0.1px;display:inline;\">66 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t32_209\" style=\"left:829px;bottom:318px;letter-spacing:-0.15px;display:inline;\">92 </div></td></tr></table>\n<div class=\"t s3_209\" id=\"t33_209\" style=\"left:65px;bottom:281px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">The value of bene</div><div class=\"t s2_209\" id=\"t34_209\" style=\"left:164px;bottom:281px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">fits paid is equal to contributions paid into the plans by the Group. </div><div class=\"t s9_209\" id=\"t35_209\" style=\"left:65px;bottom:31px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\"> </div><div class=\"t m0_209 sa_209\" id=\"t36_209\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t s9_209\" id=\"t37_209\" style=\"left:823px;bottom:31px;letter-spacing:-0.11px;display:inline;\"></div><div></div><div class=\"t s2_210\" id=\"t3_210\" style=\"left:65px;bottom:1100px;letter-spacing:0.06px;display:inline;\">Assumptions </div><div class=\"t s3_210\" id=\"t4_210\" style=\"left:65px;bottom:1084px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">The principal financial assumptions used by the actuaries to determine the defined benefit obligations are: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_210\" id=\"t5_210\" style=\"left:686px;bottom:1067px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_210\" id=\"t7_210\" style=\"left:753px;bottom:1067px;letter-spacing:0.17px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_210\" id=\"t9_210\" style=\"left:821px;bottom:1067px;letter-spacing:0.14px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_210\" id=\"t6_210\" style=\"left:702px;bottom:1056px;display:inline;\">% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_210\" id=\"t8_210\" style=\"left:768px;bottom:1056px;display:inline;\">% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_210\" id=\"ta_210\" style=\"left:834px;bottom:1056px;display:inline;\">% </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"tb_210\" style=\"left:65px;bottom:1039px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">UK plan only: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"tc_210\" style=\"left:73px;bottom:1020px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">Pension increases </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"td_210\" style=\"left:695px;bottom:1020px;letter-spacing:-0.38px;display:inline;\">3.1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"te_210\" style=\"left:760px;bottom:1020px;letter-spacing:-0.06px;display:inline;\">3.2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"tf_210\" style=\"left:825px;bottom:1020px;letter-spacing:-0.17px;display:inline;\">3.4 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"tg_210\" style=\"left:73px;bottom:1002px;letter-spacing:-0.22px;word-spacing:-0.11px;display:inline;\">Inflation rate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"th_210\" style=\"left:695px;bottom:1002px;letter-spacing:-0.38px;display:inline;\">3.1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"ti_210\" style=\"left:760px;bottom:1002px;letter-spacing:-0.06px;display:inline;\">3.2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"tj_210\" style=\"left:825px;bottom:1002px;letter-spacing:-0.17px;display:inline;\">3.4 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"tk_210\" style=\"left:65px;bottom:965px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Discount rate: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"tl_210\" style=\"left:73px;bottom:946px;letter-spacing:-0.21px;word-spacing:-0.16px;display:inline;\">UK plan </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"tm_210\" style=\"left:692px;bottom:946px;letter-spacing:-0.14px;display:inline;\">4.8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"tn_210\" style=\"left:759px;bottom:946px;letter-spacing:-0.29px;display:inline;\">5.0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"to_210\" style=\"left:828px;bottom:946px;letter-spacing:-0.18px;display:inline;\">1.8 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"tp_210\" style=\"left:73px;bottom:927px;letter-spacing:-0.21px;word-spacing:-0.16px;display:inline;\">US plans </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"tq_210\" style=\"left:693px;bottom:927px;letter-spacing:-0.3px;display:inline;\">4.7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"tr_210\" style=\"left:759px;bottom:927px;letter-spacing:-0.15px;display:inline;\">4.9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"ts_210\" style=\"left:826px;bottom:927px;letter-spacing:-0.18px;display:inline;\">2.4 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"tt_210\" style=\"left:73px;bottom:909px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">US post-retirement plan </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"tu_210\" style=\"left:693px;bottom:909px;letter-spacing:-0.3px;display:inline;\">4.7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"tv_210\" style=\"left:759px;bottom:909px;letter-spacing:-0.15px;display:inline;\">4.9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"tw_210\" style=\"left:826px;bottom:909px;letter-spacing:-0.18px;display:inline;\">2.4 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_210\" id=\"tx_210\" style=\"left:65px;bottom:872px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">US healthcare cost trend rate assumed for the next year: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"ty_210\" style=\"left:73px;bottom:853px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Pre-65 (ultimate rate reached in 2034) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"tz_210\" style=\"left:694px;bottom:853px;letter-spacing:-0.53px;display:inline;\">7.8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t10_210\" style=\"left:759px;bottom:853px;letter-spacing:-0.17px;display:inline;\">6.9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t11_210\" style=\"left:826px;bottom:853px;letter-spacing:-0.08px;display:inline;\">6.2 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t12_210\" style=\"left:73px;bottom:835px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Post-65 (ultimate rate reached in 2034) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t13_210\" style=\"left:692px;bottom:835px;letter-spacing:-0.25px;display:inline;\">8.6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t14_210\" style=\"left:761px;bottom:835px;letter-spacing:-0.5px;display:inline;\">7.3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t15_210\" style=\"left:825px;bottom:835px;letter-spacing:-0.13px;display:inline;\">6.5 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t16_210\" style=\"left:65px;bottom:816px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">Ultimate rate that the cost rate trends to </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t17_210\" style=\"left:692px;bottom:816px;letter-spacing:-0.13px;display:inline;\">4.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t18_210\" style=\"left:759px;bottom:816px;letter-spacing:-0.1px;display:inline;\">4.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t19_210\" style=\"left:825px;bottom:816px;letter-spacing:-0.1px;display:inline;\">4.5 </div></td></tr></table>\n<div class=\"t s3_210\" id=\"t1a_210\" style=\"left:65px;bottom:787px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Mortality is the most significant demographic assumption. The current assumptions </div><div class=\"t s9_210\" id=\"t1b_210\" style=\"left:534px;bottom:787px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">for the UK are based on the S3PA \u2018light\u2019 year of birth </div><div class=\"t s3_210\" id=\"t1c_210\" style=\"left:65px;bottom:771px;letter-spacing:-0.09px;word-spacing:-0.14px;display:inline;\">tables with projected mortality improvements using the CMI_2022 model and a 1.25% per annum long-term trend and a smoothing parameter </div><div class=\"t s9_210\" id=\"t1d_210\" style=\"left:65px;bottom:756px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">(\u2018s-kappa\u2019) of 7.0 with weightings of 92% and 86% for pensioners and 87% and 86% for non-pensioners, male and female respectively. In the </div><div class=\"t s9_210\" id=\"t1e_210\" style=\"left:65px;bottom:741px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">US, the current assumptions use rates from the Pri-2012 Mortality Study and Generationally Projected with Scale MP</div><div class=\"t sa_210\" id=\"t1f_210\" style=\"left:708px;bottom:741px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">-2021 mortality tables. </div><div class=\"t s9_210\" id=\"t1g_210\" style=\"left:65px;bottom:718px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The assumptions applied to the UK plan and US plans for life expectancy at retirement age are as follows: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_210\" id=\"t1h_210\" style=\"left:630px;bottom:696px;letter-spacing:0.16px;display:inline;\">UK </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_210\" id=\"t1i_210\" style=\"left:828px;bottom:696px;letter-spacing:0.15px;display:inline;\">US </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_210\" id=\"t1j_210\" style=\"left:487px;bottom:680px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_210\" id=\"t1l_210\" style=\"left:555px;bottom:680px;letter-spacing:0.17px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_210\" id=\"t1n_210\" style=\"left:623px;bottom:680px;letter-spacing:0.14px;display:inline;\">2021 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_210\" id=\"t1p_210\" style=\"left:686px;bottom:680px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_210\" id=\"t1r_210\" style=\"left:753px;bottom:680px;letter-spacing:0.17px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_210\" id=\"t1t_210\" style=\"left:821px;bottom:680px;letter-spacing:0.14px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_210\" id=\"t1k_210\" style=\"left:487px;bottom:669px;letter-spacing:0.07px;display:inline;\">years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_210\" id=\"t1m_210\" style=\"left:554px;bottom:669px;letter-spacing:0.06px;display:inline;\">years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_210\" id=\"t1o_210\" style=\"left:620px;bottom:669px;letter-spacing:0.06px;display:inline;\">years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_210\" id=\"t1q_210\" style=\"left:685px;bottom:669px;letter-spacing:0.07px;display:inline;\">years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_210\" id=\"t1s_210\" style=\"left:752px;bottom:669px;letter-spacing:0.06px;display:inline;\">years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_210\" id=\"t1u_210\" style=\"left:818px;bottom:669px;letter-spacing:0.06px;display:inline;\">years </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s6_210\" id=\"t1v_210\" style=\"left:65px;bottom:651px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Current pensioners at 65 </div><div class=\"t sc_210\" id=\"t1w_210\" style=\"vertical-align: super;left:188px;bottom:658px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t1x_210\" style=\"left:208px;bottom:651px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">\u2013 male </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t1y_210\" style=\"left:498px;bottom:651px;letter-spacing:-0.21px;display:inline;\">23 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t1z_210\" style=\"left:565px;bottom:651px;letter-spacing:-0.38px;display:inline;\">24 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t20_210\" style=\"left:631px;bottom:651px;letter-spacing:-0.38px;display:inline;\">24 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t21_210\" style=\"left:696px;bottom:651px;letter-spacing:-0.04px;display:inline;\">22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t22_210\" style=\"left:763px;bottom:651px;letter-spacing:0.03px;display:inline;\">22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t23_210\" style=\"left:829px;bottom:651px;letter-spacing:0.03px;display:inline;\">22 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_210\" id=\"t24_210\" style=\"left:208px;bottom:633px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">\u2013 female </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t25_210\" style=\"left:498px;bottom:633px;letter-spacing:-0.12px;display:inline;\">25 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t26_210\" style=\"left:565px;bottom:633px;letter-spacing:-0.26px;display:inline;\">26 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t27_210\" style=\"left:631px;bottom:633px;letter-spacing:-0.26px;display:inline;\">26 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t28_210\" style=\"left:696px;bottom:633px;letter-spacing:-0.21px;display:inline;\">23 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t29_210\" style=\"left:763px;bottom:633px;letter-spacing:-0.24px;display:inline;\">23 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t2a_210\" style=\"left:829px;bottom:633px;letter-spacing:-0.24px;display:inline;\">23 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s6_210\" id=\"t2b_210\" style=\"left:65px;bottom:614px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Future pensioners at 65 </div><div class=\"t sc_210\" id=\"t2c_210\" style=\"vertical-align: super;left:181px;bottom:621px;display:inline;\">b </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t2d_210\" style=\"left:208px;bottom:614px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">\u2013 male </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t2e_210\" style=\"left:498px;bottom:614px;letter-spacing:-0.21px;display:inline;\">23 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t2f_210\" style=\"left:565px;bottom:614px;letter-spacing:-0.21px;display:inline;\">25 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t2g_210\" style=\"left:631px;bottom:614px;letter-spacing:-0.21px;display:inline;\">25 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t2h_210\" style=\"left:696px;bottom:614px;letter-spacing:-0.21px;display:inline;\">23 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t2i_210\" style=\"left:763px;bottom:614px;letter-spacing:-0.24px;display:inline;\">23 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t2j_210\" style=\"left:829px;bottom:614px;letter-spacing:-0.24px;display:inline;\">23 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_210\" id=\"t2k_210\" style=\"left:208px;bottom:596px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">\u2013 female </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t2l_210\" style=\"left:498px;bottom:596px;letter-spacing:-0.12px;display:inline;\">25 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t2m_210\" style=\"left:566px;bottom:596px;letter-spacing:-0.16px;display:inline;\">27 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t2n_210\" style=\"left:631px;bottom:596px;letter-spacing:-0.28px;display:inline;\">28 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t2o_210\" style=\"left:696px;bottom:596px;letter-spacing:-0.12px;display:inline;\">25 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t2p_210\" style=\"left:763px;bottom:596px;letter-spacing:-0.21px;display:inline;\">25 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t2q_210\" style=\"left:829px;bottom:596px;letter-spacing:-0.21px;display:inline;\">25 </div></td></tr></table>\n<div class=\"t sd_210\" id=\"t2r_210\" style=\"left:65px;bottom:572px;display:inline;\">a </div><div class=\"t se_210\" id=\"t2s_210\" style=\"left:74px;bottom:568px;letter-spacing:0.04px;word-spacing:-0.14px;display:inline;\">Relates to assumptions based on longevity following retirement at the end of the reporting period. </div><div class=\"t sd_210\" id=\"t2t_210\" style=\"left:65px;bottom:554px;display:inline;\">b </div><div class=\"t s5_210\" id=\"t2u_210\" style=\"left:74px;bottom:550px;letter-spacing:0.03px;word-spacing:-0.14px;display:inline;\">Relates to assumptions based on longevity relating to an employee retiring in 2043. </div><div class=\"t s9_210\" id=\"t2v_210\" style=\"left:65px;bottom:518px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The assumptions allow for expected increases in longevity. </div><div class=\"t s2_210\" id=\"t2w_210\" style=\"left:65px;bottom:495px;letter-spacing:0.01px;display:inline;\">Sensitivities </div><div class=\"t s9_210\" id=\"t2x_210\" style=\"left:65px;bottom:480px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">Changes in assumptions used for determining retirement bene</div><div class=\"t s3_210\" id=\"t2y_210\" style=\"left:415px;bottom:480px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">fit costs and obligations may have an impact on the Group income statement </div><div class=\"t s9_210\" id=\"t2z_210\" style=\"left:65px;bottom:465px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">and the Group statement of </div><div class=\"t s3_210\" id=\"t30_210\" style=\"left:222px;bottom:465px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">financial position. The key assumptions are the discount rate, the rate o</div><div class=\"t s9_210\" id=\"t31_210\" style=\"left:617px;bottom:465px;letter-spacing:-0.14px;word-spacing:-0.03px;display:inline;\">f in</div><div class=\"t s3_210\" id=\"t32_210\" style=\"left:634px;bottom:465px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">flation, the assumed mortality rate </div><div class=\"t s3_210\" id=\"t33_210\" style=\"left:65px;bottom:449px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">and the healthcare costs trend rate. The sensitivity analysis below relates to the increase/(decrease) in the benefit obligation and is based </div><div class=\"t s3_210\" id=\"t34_210\" style=\"left:65px;bottom:434px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">on extrapolating reasonable changes in these assumptions, using year-end conditions and assuming no interdependency between </div><div class=\"t s3_210\" id=\"t35_210\" style=\"left:65px;bottom:419px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">the assumptions: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_210\" id=\"t36_210\" style=\"left:752px;bottom:397px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_210\" id=\"t38_210\" style=\"left:819px;bottom:397px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_210\" id=\"t37_210\" style=\"left:761px;bottom:386px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_210\" id=\"t39_210\" style=\"left:827px;bottom:386px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t3a_210\" style=\"left:65px;bottom:368px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Discount rate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t3b_210\" style=\"left:593px;bottom:368px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">1% decrease </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t3c_210\" style=\"left:768px;bottom:368px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t3d_210\" style=\"left:836px;bottom:368px;display:inline;\">7 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t3e_210\" style=\"left:593px;bottom:350px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">1% increase </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t3f_210\" style=\"left:765px;bottom:350px;letter-spacing:-0.4px;display:inline;\">(6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t3g_210\" style=\"left:832px;bottom:350px;letter-spacing:-0.29px;display:inline;\">(5) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t3h_210\" style=\"left:65px;bottom:331px;letter-spacing:-0.22px;word-spacing:-0.11px;display:inline;\">Inflation rate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t3i_210\" style=\"left:593px;bottom:331px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">0.25% decrease </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t3j_210\" style=\"left:767px;bottom:331px;letter-spacing:-0.39px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t3k_210\" style=\"left:834px;bottom:331px;letter-spacing:-0.35px;display:inline;\">(1) </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t3l_210\" style=\"left:593px;bottom:313px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">0.25% increase </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t3m_210\" style=\"left:770px;bottom:313px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t3n_210\" style=\"left:837px;bottom:313px;display:inline;\">1 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t3o_210\" style=\"left:65px;bottom:294px;letter-spacing:-0.18px;word-spacing:-0.16px;display:inline;\">Mortality rate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t3p_210\" style=\"left:593px;bottom:294px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">One-year increase </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t3q_210\" style=\"left:768px;bottom:294px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t3r_210\" style=\"left:835px;bottom:294px;display:inline;\">3 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t3s_210\" style=\"left:65px;bottom:276px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Healthcare costs trend rate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t3t_210\" style=\"left:593px;bottom:276px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">1% decrease </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t3u_210\" style=\"left:767px;bottom:276px;letter-spacing:-0.39px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t3v_210\" style=\"left:834px;bottom:276px;letter-spacing:-0.35px;display:inline;\">(1) </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t3w_210\" style=\"left:593px;bottom:257px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">1% increase </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t3x_210\" style=\"left:770px;bottom:257px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t3y_210\" style=\"left:837px;bottom:257px;display:inline;\">1 </div></td></tr></table>\n<div class=\"t sf_210\" id=\"t3z_210\" style=\"left:65px;bottom:224px;word-spacing:-0.13px;display:inline;\">Estimated future bene</div><div class=\"t s2_210\" id=\"t40_210\" style=\"left:193px;bottom:224px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">fit payments </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_210\" id=\"t41_210\" style=\"left:752px;bottom:209px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_210\" id=\"t43_210\" style=\"left:819px;bottom:209px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_210\" id=\"t42_210\" style=\"left:761px;bottom:199px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_210\" id=\"t44_210\" style=\"left:827px;bottom:199px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t45_210\" style=\"left:65px;bottom:179px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Within one year </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t46_210\" style=\"left:768px;bottom:179px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t47_210\" style=\"left:835px;bottom:179px;display:inline;\">5 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t48_210\" style=\"left:65px;bottom:161px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Between one and five years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t49_210\" style=\"left:764px;bottom:161px;letter-spacing:-0.15px;display:inline;\">21 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t4a_210\" style=\"left:828px;bottom:161px;letter-spacing:-0.25px;display:inline;\">20 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t4b_210\" style=\"left:65px;bottom:142px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">More than five years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t4c_210\" style=\"left:761px;bottom:142px;letter-spacing:-0.19px;display:inline;\">86 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t4d_210\" style=\"left:828px;bottom:142px;letter-spacing:-0.11px;display:inline;\">89 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t4e_210\" style=\"left:760px;bottom:123px;letter-spacing:-0.28px;display:inline;\">112 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t4f_210\" style=\"left:826px;bottom:123px;letter-spacing:-0.34px;display:inline;\">114 </div></td></tr></table>\n<div class=\"t s2_210\" id=\"t4i_210\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t si_210\" id=\"t4j_210\" style=\"left:65px;bottom:31px;letter-spacing:0.07px;display:inline;\"></div><div></div><div class=\"t s2_211\" id=\"t3_211\" style=\"left:65px;bottom:1100px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">Average duration of pension obligations </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_211\" id=\"t4_211\" style=\"left:752px;bottom:1085px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_211\" id=\"t6_211\" style=\"left:819px;bottom:1085px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_211\" id=\"t5_211\" style=\"left:751px;bottom:1075px;letter-spacing:0.07px;display:inline;\">years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_211\" id=\"t7_211\" style=\"left:818px;bottom:1075px;letter-spacing:0.06px;display:inline;\">years </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_211\" id=\"t8_211\" style=\"left:65px;bottom:1056px;letter-spacing:-0.21px;word-spacing:-0.16px;display:inline;\">UK plan </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_211\" id=\"t9_211\" style=\"left:753px;bottom:1057px;letter-spacing:-0.26px;display:inline;\">13.0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_211\" id=\"ta_211\" style=\"left:820px;bottom:1057px;letter-spacing:-0.29px;display:inline;\">14.0 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_211\" id=\"tb_211\" style=\"left:65px;bottom:1038px;letter-spacing:-0.21px;word-spacing:-0.16px;display:inline;\">US plans </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_211\" id=\"tc_211\" style=\"left:760px;bottom:1038px;letter-spacing:-0.52px;display:inline;\">7.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_211\" id=\"td_211\" style=\"left:827px;bottom:1038px;letter-spacing:-0.57px;display:inline;\">7.6 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_211\" id=\"te_211\" style=\"left:65px;bottom:1020px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">US post-retirement plan </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_211\" id=\"tf_211\" style=\"left:758px;bottom:1020px;letter-spacing:-0.28px;display:inline;\">8.0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_211\" id=\"tg_211\" style=\"left:825px;bottom:1020px;letter-spacing:-0.27px;display:inline;\">8.0 </div></td></tr></table>\n<div class=\"t s7_211\" id=\"th_211\" style=\"left:65px;bottom:986px;letter-spacing:0.05px;word-spacing:-0.18px;display:inline;\">Other pension plans </div><div class=\"t s8_211\" id=\"ti_211\" style=\"left:65px;bottom:971px;letter-spacing:-0.04px;display:inline;\">Philippines </div><div class=\"t s9_211\" id=\"tj_211\" style=\"left:65px;bottom:956px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The Group maintains a further, immaterial, pension plan for employees in the Philippines which is accounted for as a de</div><div class=\"t sa_211\" id=\"tk_211\" style=\"left:727px;bottom:956px;word-spacing:-0.15px;display:inline;\">fined benefit plan. </div><div class=\"t sa_211\" id=\"tl_211\" style=\"left:65px;bottom:933px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">At 31 December 2023, the net retirement benefit asset was $3m (2022: $2m) comprising plan assets o</div><div class=\"t s9_211\" id=\"tm_211\" style=\"left:632px;bottom:933px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">f $12m (2022: $9m) and a de</div><div class=\"t sa_211\" id=\"tn_211\" style=\"left:791px;bottom:933px;letter-spacing:0.03px;display:inline;\">fined </div><div class=\"t sa_211\" id=\"to_211\" style=\"left:65px;bottom:918px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">benefit obligation o</div><div class=\"t s9_211\" id=\"tp_211\" style=\"left:174px;bottom:918px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">f $9m (2022: $7m). Plan assets comprise $7m (2022: $6m) domestic government securities, $3m (2022: $2m) domestic </div><div class=\"t s9_211\" id=\"tq_211\" style=\"left:65px;bottom:902px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">equity investments, $1m (2022: $1m) money market funds and $1m (2022: $nil) domestic corporate bonds. </div><div class=\"t s9_211\" id=\"tr_211\" style=\"left:65px;bottom:880px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">Contributions in the year were $2m (2022: $1m); the charge to System Fund and reimbursables was $1m (2022: $1m) and all other </div><div class=\"t s9_211\" id=\"ts_211\" style=\"left:65px;bottom:864px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">movements were less than $1m (2022: less than $1m). </div><div class=\"t s9_211\" id=\"tt_211\" style=\"left:65px;bottom:841px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">Key assumptions used in the valuation are the discount rate of 6.0% (2022: 7.0%) and the rate of salary increases of 6.0% (2022: 6.0%). </div><div class=\"t s9_211\" id=\"tu_211\" style=\"left:65px;bottom:826px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">The weighted average duration of liabilities is 11 years (2022: 11 years); estimated future bene</div><div class=\"t sa_211\" id=\"tv_211\" style=\"left:577px;bottom:826px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">fit payments are less than $1m in all years. </div><div class=\"t s7_211\" id=\"tw_211\" style=\"left:65px;bottom:803px;letter-spacing:0.01px;word-spacing:-0.15px;display:inline;\">Defined contribution plans </div><div class=\"t s9_211\" id=\"tx_211\" style=\"left:65px;bottom:788px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">The Group also operates a number of smaller pension plans outside the UK, the most signi</div><div class=\"t sa_211\" id=\"ty_211\" style=\"left:566px;bottom:788px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">ficant o</div><div class=\"t s9_211\" id=\"tz_211\" style=\"left:608px;bottom:788px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">f which is a de</div><div class=\"t sa_211\" id=\"t10_211\" style=\"left:687px;bottom:788px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">fined contribution plan </div><div class=\"t s9_211\" id=\"t11_211\" style=\"left:65px;bottom:773px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">in the US. </div><div class=\"t s0_211\" id=\"t12_211\" style=\"left:65px;bottom:742px;letter-spacing:0.04px;word-spacing:-0.17px;display:inline;\">28. Share\u2011based payments </div><div class=\"t s9_211\" id=\"t13_211\" style=\"left:65px;bottom:727px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">In 2023, the new Deferred Award Plan rules (\u2018DAP\u2019) replaced the IHG Annual Performance Plan (\u2018APP\u2019) and Long Term Incentive Plan (\u2018LTIP\u2019) </div><div class=\"t sa_211\" id=\"t14_211\" style=\"left:65px;bottom:711px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">as a simplified, combined set o</div><div class=\"t s9_211\" id=\"t15_211\" style=\"left:237px;bottom:711px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">f plan rules which govern the Company\u2019s discretionary incentive plans. </div><div class=\"t s9_211\" id=\"t16_211\" style=\"left:65px;bottom:689px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">Awards granted under the DAP can consist of Deferred Annual Incentive (\u2018DAI\u2019), Long-Term Incentive (\u2018LTI\u2019), Restricted Stock Unit (\u2018RSU\u2019) </div><div class=\"t s9_211\" id=\"t17_211\" style=\"left:65px;bottom:673px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">and other ad hoc awards. </div><div class=\"t s9_211\" id=\"t18_211\" style=\"left:65px;bottom:650px;letter-spacing:-0.09px;word-spacing:-0.05px;display:inline;\">The DAP rules were approved at the AGM on 5 May 2023, with all LTI and RSU awards granted after this date and DAI awards granted in </div><div class=\"t s9_211\" id=\"t19_211\" style=\"left:65px;bottom:635px;letter-spacing:-0.09px;word-spacing:-0.05px;display:inline;\">respect of 2024 and future APP years being subject to the rules of the DAP. All previously granted awards will still be subject to the LTIP </div><div class=\"t s9_211\" id=\"t1a_211\" style=\"left:65px;bottom:620px;letter-spacing:-0.09px;word-spacing:-0.05px;display:inline;\">and APP rules respectively. In the transition to the DAP, there have been no changes to accounting for the awards. </div><div class=\"t s2_211\" id=\"t1b_211\" style=\"left:65px;bottom:597px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">Annual Performance/Deferred Annual Incentive Awards </div><div class=\"t s9_211\" id=\"t1c_211\" style=\"left:65px;bottom:582px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">Eligible employees (including Executive Directors) may receive all or part of their bonus in the form of deferred shares and/or receive </div><div class=\"t s9_211\" id=\"t1d_211\" style=\"left:65px;bottom:566px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">one-o\ufb00 awards of shares. Deferred shares in relation to annual performance-related bonus plans are released on the third anniversary of the </div><div class=\"t s9_211\" id=\"t1e_211\" style=\"left:65px;bottom:551px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">award date. Awards are conditional on the participants remaining in the employment of a participating company or leaving for a qualifying </div><div class=\"t s9_211\" id=\"t1f_211\" style=\"left:65px;bottom:536px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">reason. The grant of deferred shares under the APP/DAP is at the discretion of the Remuneration Committee. </div><div class=\"t s9_211\" id=\"t1g_211\" style=\"left:65px;bottom:513px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The number of shares is calculated by dividing a speci</div><div class=\"t sa_211\" id=\"t1h_211\" style=\"left:366px;bottom:513px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">fic percentage o</div><div class=\"t s9_211\" id=\"t1i_211\" style=\"left:458px;bottom:513px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">f the participant\u2019s annual performance-related bonus award by the </div><div class=\"t s9_211\" id=\"t1j_211\" style=\"left:65px;bottom:498px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">average of the middle market quoted prices on the three consecutive business days following the announcement of the Group\u2019s results for </div><div class=\"t sa_211\" id=\"t1k_211\" style=\"left:65px;bottom:482px;letter-spacing:-0.1px;word-spacing:-0.05px;display:inline;\">the relevant financial year. </div><div class=\"t s7_211\" id=\"t1l_211\" style=\"left:65px;bottom:459px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Long Term Incentive Plan and Restricted Stock Units </div><div class=\"t s9_211\" id=\"t1m_211\" style=\"left:65px;bottom:444px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Executive Directors and eligible employees may receive conditional share awards, which normally have a vesting period of three years, </div><div class=\"t s9_211\" id=\"t1n_211\" style=\"left:65px;bottom:429px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">subject to continued employment. In addition, certain LTI awards made to Executive Directors are normally subject to a further two-year </div><div class=\"t s9_211\" id=\"t1o_211\" style=\"left:65px;bottom:414px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">holding period after vesting. </div><div class=\"t s9_211\" id=\"t1p_211\" style=\"left:65px;bottom:391px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">LTI awards are subject to performance-based vesting conditions set by the Remuneration Committee, which are normally measured over </div><div class=\"t s9_211\" id=\"t1q_211\" style=\"left:65px;bottom:375px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">the vesting period. </div><div class=\"t s9_211\" id=\"t1r_211\" style=\"left:65px;bottom:352px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Awards are normally made annually and, except in exceptional circumstances, will not exceed 3.5 or 5 times salary for eligible employees </div><div class=\"t s9_211\" id=\"t1s_211\" style=\"left:65px;bottom:337px;letter-spacing:-0.1px;word-spacing:-0.05px;display:inline;\">under the LTIP or DAP rules respectively. </div><div class=\"t s7_211\" id=\"t1t_211\" style=\"left:65px;bottom:314px;letter-spacing:0.02px;word-spacing:-0.15px;display:inline;\">Colleague Share Plan </div><div class=\"t s9_211\" id=\"t1u_211\" style=\"left:65px;bottom:299px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">The Colleague Share Plan gives eligible corporate employees the opportunity to purchase shares up to an annual limit. After the end of the </div><div class=\"t s9_211\" id=\"t1v_211\" style=\"left:65px;bottom:284px;letter-spacing:-0.24px;word-spacing:-0.07px;display:inline;\">plan year, the participant will be awarded the right to receive one matching share for every purchased share (subject to continued employment). </div><div class=\"t s9_211\" id=\"t1w_211\" style=\"left:65px;bottom:268px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">If the participant holds the purchased shares until the second anniversary of the end of the plan year, the conditional right to matching </div><div class=\"t s9_211\" id=\"t1x_211\" style=\"left:65px;bottom:253px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">shares vests. </div><div class=\"t s9_211\" id=\"t1y_211\" style=\"left:65px;bottom:230px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">The total fair value of the Colleague Share Plan is not signi</div><div class=\"t sa_211\" id=\"t1z_211\" style=\"left:386px;bottom:230px;letter-spacing:-0.01px;display:inline;\">ficant. </div><div class=\"t s5_211\" id=\"t20_211\" style=\"left:80px;bottom:206px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">More detailed information on the performance measures for awards to Executive Directors is shown in the Directors\u2019 Remuneration Report </div><div class=\"t s5_211\" id=\"t21_211\" style=\"left:80px;bottom:193px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">on pages 128 to 133. </div><div class=\"t s8_211\" id=\"t22_211\" style=\"left:65px;bottom:31px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\"></div><div class=\"t m0_211 sb_211\" id=\"t23_211\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t s8_211\" id=\"t24_211\" style=\"left:822px;bottom:31px;letter-spacing:0.09px;display:inline;\"></div><div></div><div class=\"t s4_212\" id=\"t5_212\" style=\"left:65px;bottom:1100px;letter-spacing:0.02px;word-spacing:-0.15px;display:inline;\">Costs relating to share\u2011based payment transactions </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_212\" id=\"t6_212\" style=\"left:686px;bottom:1090px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_212\" id=\"t8_212\" style=\"left:753px;bottom:1090px;letter-spacing:0.17px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_212\" id=\"ta_212\" style=\"left:821px;bottom:1090px;letter-spacing:0.14px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_212\" id=\"t7_212\" style=\"left:695px;bottom:1079px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_212\" id=\"t9_212\" style=\"left:761px;bottom:1079px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_212\" id=\"tb_212\" style=\"left:827px;bottom:1079px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_212\" id=\"tc_212\" style=\"left:65px;bottom:1062px;letter-spacing:-0.18px;display:inline;\">Equity\u2011settled </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"td_212\" style=\"left:65px;bottom:1043px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Operating profit be</div><div class=\"t s9_212\" id=\"te_212\" style=\"left:160px;bottom:1043px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">fore System Fund, reimbursables and exceptional items </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"tf_212\" style=\"left:698px;bottom:1043px;letter-spacing:-0.24px;display:inline;\">31 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"tg_212\" style=\"left:763px;bottom:1043px;letter-spacing:-0.28px;display:inline;\">28 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"th_212\" style=\"left:829px;bottom:1043px;letter-spacing:-0.26px;display:inline;\">26 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"ti_212\" style=\"left:65px;bottom:1025px;letter-spacing:-0.29px;word-spacing:-0.09px;display:inline;\">System Fund </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"tj_212\" style=\"left:695px;bottom:1025px;letter-spacing:-0.2px;display:inline;\">20 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"tk_212\" style=\"left:764px;bottom:1025px;letter-spacing:-0.2px;display:inline;\">16 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"tl_212\" style=\"left:831px;bottom:1025px;letter-spacing:-0.25px;display:inline;\">13 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"tm_212\" style=\"left:698px;bottom:1006px;letter-spacing:-0.35px;display:inline;\">51 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"tn_212\" style=\"left:762px;bottom:1006px;letter-spacing:0.01px;display:inline;\">44 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"to_212\" style=\"left:828px;bottom:1006px;letter-spacing:-0.13px;display:inline;\">39 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_212\" id=\"tp_212\" style=\"left:65px;bottom:987px;letter-spacing:-0.14px;display:inline;\">Cash\u2011settled </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"tq_212\" style=\"left:65px;bottom:969px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Operating profit be</div><div class=\"t s9_212\" id=\"tr_212\" style=\"left:160px;bottom:969px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">fore System Fund, reimbursables and exceptional items </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"ts_212\" style=\"left:702px;bottom:969px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"tt_212\" style=\"left:769px;bottom:969px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"tu_212\" style=\"left:835px;bottom:969px;display:inline;\">2 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"tv_212\" style=\"left:695px;bottom:950px;letter-spacing:-0.23px;display:inline;\">56 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"tw_212\" style=\"left:762px;bottom:950px;letter-spacing:-0.1px;display:inline;\">46 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"tx_212\" style=\"left:831px;bottom:950px;letter-spacing:-0.36px;display:inline;\">41 </div></td></tr></table>\n<div class=\"t sb_212\" id=\"ty_212\" style=\"left:65px;bottom:917px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">No consideration was received in respect of ordinary shares issued under option schemes during 2023, 2022 or 2021. </div><div class=\"t s4_212\" id=\"tz_212\" style=\"left:65px;bottom:894px;letter-spacing:0.01px;word-spacing:-0.14px;display:inline;\">Option pricing models, assumptions and movements in awards outstanding </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_212\" id=\"t11_212\" style=\"left:546px;bottom:880px;letter-spacing:0.07px;display:inline;\">APP </div></td><td colspan=\"3\" rowspan=\"1\" style=\"text-align: center;\">  <div class=\"t sc_212\" id=\"t12_212\" style=\"left:822px;bottom:880px;letter-spacing:-0.15px;display:inline;\">LTIP </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"3\" rowspan=\"1\" style=\"text-align: center;\">   \u00a0</td><td colspan=\"3\" rowspan=\"1\" style=\"text-align: center;\"> <div class=\"t sc_212\" id=\"t14_212\" style=\"left:694px;bottom:864px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">Monte Carlo Simulation, Binomial </div> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"3\" rowspan=\"1\" style=\"text-align: center;\"> <div class=\"t sc_212\" id=\"t13_212\" style=\"left:453px;bottom:853px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\">Binomial valuation model </div> </td><td colspan=\"3\" rowspan=\"1\" style=\"text-align: center;\"> <div class=\"t sc_212\" id=\"t15_212\" style=\"left:709px;bottom:853px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\">and Finnerty valuation models </div> </td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_212\" id=\"t10_212\" style=\"left:65px;bottom:837px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\">Option pricing models and assumptions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_212\" id=\"t16_212\" style=\"left:408px;bottom:837px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_212\" id=\"t17_212\" style=\"left:476px;bottom:837px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_212\" id=\"t18_212\" style=\"left:544px;bottom:837px;letter-spacing:0.16px;display:inline;\">2021 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_212\" id=\"t19_212\" style=\"left:647px;bottom:837px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_212\" id=\"t1a_212\" style=\"left:753px;bottom:837px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_212\" id=\"t1b_212\" style=\"left:821px;bottom:837px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t1c_212\" style=\"left:65px;bottom:819px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Weighted average share price (pence) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t1d_212\" style=\"left:396px;bottom:819px;letter-spacing:-0.26px;display:inline;\">5,571.7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t1e_212\" style=\"left:462px;bottom:819px;letter-spacing:-0.21px;display:inline;\">5,018.3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t1f_212\" style=\"left:524px;bottom:819px;letter-spacing:-0.26px;display:inline;\">5,009.0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t1g_212\" style=\"left:632px;bottom:819px;letter-spacing:-0.25px;display:inline;\">5,318.0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t1h_212\" style=\"left:737px;bottom:819px;letter-spacing:-0.23px;display:inline;\">4,875.0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t1i_212\" style=\"left:801px;bottom:819px;letter-spacing:-0.22px;display:inline;\">4,980.0 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t1j_212\" style=\"left:65px;bottom:800px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">Expected dividend yield </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t1k_212\" style=\"left:594px;bottom:800px;letter-spacing:-0.19px;word-spacing:-0.18px;display:inline;\">2.52% to 2.77% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t1l_212\" style=\"left:701px;bottom:800px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">2.29% to 2.67% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t1m_212\" style=\"left:818px;bottom:800px;letter-spacing:-0.35px;display:inline;\">1.11% </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_212\" id=\"t1n_212\" style=\"left:65px;bottom:782px;letter-spacing:-0.25px;word-spacing:-0.09px;display:inline;\">Risk-free interest rate </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t1o_212\" style=\"left:638px;bottom:782px;letter-spacing:-0.21px;display:inline;\">3.85% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t1p_212\" style=\"left:747px;bottom:782px;letter-spacing:-0.12px;display:inline;\">1.29% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t1q_212\" style=\"left:809px;bottom:782px;letter-spacing:-0.25px;display:inline;\">0.09% </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s8_212\" id=\"t1r_212\" style=\"left:65px;bottom:763px;letter-spacing:-0.24px;display:inline;\">Volatility </div><div class=\"t sd_212\" id=\"t1s_212\" style=\"vertical-align: super;left:107px;bottom:770px;display:inline;\">a </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t1t_212\" style=\"left:610px;bottom:763px;letter-spacing:-0.25px;word-spacing:-0.13px;display:inline;\">29% to 30% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t1u_212\" style=\"left:718px;bottom:763px;letter-spacing:-0.26px;word-spacing:-0.12px;display:inline;\">35% to 45% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t1v_212\" style=\"left:820px;bottom:763px;letter-spacing:-0.11px;display:inline;\">43% </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t1w_212\" style=\"left:65px;bottom:745px;letter-spacing:-0.35px;word-spacing:-0.01px;display:inline;\">Term (years) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t1x_212\" style=\"left:415px;bottom:745px;letter-spacing:-0.05px;display:inline;\">2.3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t1y_212\" style=\"left:486px;bottom:745px;letter-spacing:-0.34px;display:inline;\">1.7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t1z_212\" style=\"left:551px;bottom:745px;letter-spacing:-0.13px;display:inline;\">1.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t20_212\" style=\"left:653px;bottom:745px;letter-spacing:-0.28px;display:inline;\">3.0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t21_212\" style=\"left:759px;bottom:745px;letter-spacing:-0.27px;display:inline;\">3.0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t22_212\" style=\"left:825px;bottom:745px;letter-spacing:-0.27px;display:inline;\">3.0 </div></td></tr></table>\n<div class=\"t se_212\" id=\"t23_212\" style=\"left:65px;bottom:721px;display:inline;\">a </div><div class=\"t sf_212\" id=\"t24_212\" style=\"left:74px;bottom:717px;letter-spacing:0.03px;word-spacing:-0.13px;display:inline;\">The expected volatility was determined by calculating the historical volatility of the Company\u2019s share price corresponding to the expected life of the share award. </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_212\" id=\"t26_212\" style=\"left:537px;bottom:686px;letter-spacing:-0.03px;display:inline;\">APP/DAP </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_212\" id=\"t27_212\" style=\"left:800px;bottom:686px;letter-spacing:-0.11px;display:inline;\">LTIP/DAP </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_212\" id=\"t28_212\" style=\"left:616px;bottom:670px;letter-spacing:0.11px;display:inline;\">Performance\u2011related </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_212\" id=\"t2a_212\" style=\"left:769px;bottom:670px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">Restricted stock </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_212\" id=\"t25_212\" style=\"left:65px;bottom:659px;letter-spacing:0.06px;word-spacing:-0.16px;display:inline;\">Number of share awards (thousands) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_212\" id=\"t29_212\" style=\"left:660px;bottom:659px;letter-spacing:-0.02px;display:inline;\">awards/LTI </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_212\" id=\"t2b_212\" style=\"left:819px;bottom:659px;letter-spacing:0.08px;display:inline;\">units </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2c_212\" style=\"left:65px;bottom:642px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Outstanding at 1 January 2021 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2d_212\" style=\"left:560px;bottom:642px;letter-spacing:-0.31px;display:inline;\">413 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2e_212\" style=\"left:692px;bottom:642px;letter-spacing:-0.27px;display:inline;\">814 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2f_212\" style=\"left:817px;bottom:642px;letter-spacing:-0.19px;display:inline;\">1,421 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2g_212\" style=\"left:65px;bottom:623px;letter-spacing:-0.24px;display:inline;\">Granted </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2h_212\" style=\"left:563px;bottom:623px;letter-spacing:-0.07px;display:inline;\">90 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2i_212\" style=\"left:693px;bottom:623px;letter-spacing:-0.21px;display:inline;\">281 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2j_212\" style=\"left:822px;bottom:623px;letter-spacing:-0.13px;display:inline;\">442 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2k_212\" style=\"left:65px;bottom:605px;letter-spacing:-0.28px;display:inline;\">Vested </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2l_212\" style=\"left:557px;bottom:605px;letter-spacing:-0.25px;display:inline;\">(147) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2m_212\" style=\"left:693px;bottom:605px;letter-spacing:-0.26px;display:inline;\">(70) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2n_212\" style=\"left:821px;bottom:605px;letter-spacing:-0.25px;display:inline;\">(391) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2o_212\" style=\"left:65px;bottom:586px;letter-spacing:-0.18px;word-spacing:-0.18px;display:inline;\">Lapsed or cancelled </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2p_212\" style=\"left:567px;bottom:586px;letter-spacing:-0.37px;display:inline;\">(8) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2q_212\" style=\"left:689px;bottom:586px;letter-spacing:-0.23px;display:inline;\">(153) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2r_212\" style=\"left:822px;bottom:586px;letter-spacing:-0.21px;display:inline;\">(122) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2s_212\" style=\"left:65px;bottom:568px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">Outstanding at 31 December 2021 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2t_212\" style=\"left:557px;bottom:568px;letter-spacing:-0.09px;display:inline;\">348 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2u_212\" style=\"left:691px;bottom:568px;letter-spacing:-0.25px;display:inline;\">872 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2v_212\" style=\"left:814px;bottom:568px;letter-spacing:-0.18px;display:inline;\">1,350 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2w_212\" style=\"left:65px;bottom:549px;letter-spacing:-0.24px;display:inline;\">Granted </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2x_212\" style=\"left:558px;bottom:549px;letter-spacing:-0.18px;display:inline;\">236 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2y_212\" style=\"left:690px;bottom:549px;letter-spacing:-0.24px;display:inline;\">323 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2z_212\" style=\"left:822px;bottom:549px;letter-spacing:-0.23px;display:inline;\">706 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t30_212\" style=\"left:65px;bottom:530px;letter-spacing:-0.28px;display:inline;\">Vested </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t31_212\" style=\"left:555px;bottom:530px;letter-spacing:-0.22px;display:inline;\">(254) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t32_212\" style=\"left:694px;bottom:530px;letter-spacing:-0.26px;display:inline;\">(23) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t33_212\" style=\"left:821px;bottom:530px;letter-spacing:-0.25px;display:inline;\">(391) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t34_212\" style=\"left:65px;bottom:512px;letter-spacing:-0.18px;word-spacing:-0.18px;display:inline;\">Lapsed or cancelled </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t35_212\" style=\"left:567px;bottom:512px;letter-spacing:-0.36px;display:inline;\">(9) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t36_212\" style=\"left:687px;bottom:512px;letter-spacing:-0.22px;display:inline;\">(239) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t37_212\" style=\"left:824px;bottom:512px;letter-spacing:-0.27px;display:inline;\">(90) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t38_212\" style=\"left:65px;bottom:493px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">Outstanding at 31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t39_212\" style=\"left:560px;bottom:493px;letter-spacing:-0.13px;display:inline;\">321 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t3a_212\" style=\"left:690px;bottom:493px;letter-spacing:-0.14px;display:inline;\">933 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t3b_212\" style=\"left:816px;bottom:493px;letter-spacing:-0.19px;display:inline;\">1,575 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t3c_212\" style=\"left:65px;bottom:475px;letter-spacing:-0.24px;display:inline;\">Granted </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t3d_212\" style=\"left:559px;bottom:475px;letter-spacing:-0.26px;display:inline;\">214 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t3e_212\" style=\"left:689px;bottom:475px;letter-spacing:-0.2px;display:inline;\">329 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t3f_212\" style=\"left:820px;bottom:475px;letter-spacing:-0.16px;display:inline;\">683 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t3g_212\" style=\"left:65px;bottom:456px;letter-spacing:-0.28px;display:inline;\">Vested </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t3h_212\" style=\"left:555px;bottom:456px;letter-spacing:-0.29px;display:inline;\">(186) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t3i_212\" style=\"left:687px;bottom:456px;letter-spacing:-0.3px;display:inline;\">(180) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t3j_212\" style=\"left:817px;bottom:456px;letter-spacing:-0.26px;display:inline;\">(533) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t3k_212\" style=\"left:65px;bottom:438px;letter-spacing:-0.18px;word-spacing:-0.18px;display:inline;\">Lapsed or cancelled </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t3l_212\" style=\"left:563px;bottom:438px;letter-spacing:-0.25px;display:inline;\">(17) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t3m_212\" style=\"left:685px;bottom:438px;letter-spacing:-0.23px;display:inline;\">(246) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t3n_212\" style=\"left:824px;bottom:438px;letter-spacing:-0.32px;display:inline;\">(63) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t3o_212\" style=\"left:65px;bottom:419px;letter-spacing:-0.2px;word-spacing:-0.18px;display:inline;\">Outstanding at 31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t3p_212\" style=\"left:557px;bottom:419px;letter-spacing:-0.22px;display:inline;\">332 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t3q_212\" style=\"left:688px;bottom:419px;letter-spacing:-0.18px;display:inline;\">836 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t3r_212\" style=\"left:813px;bottom:419px;letter-spacing:-0.25px;display:inline;\">1,662 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_212\" id=\"t3s_212\" style=\"left:65px;bottom:383px;letter-spacing:0.02px;word-spacing:-0.13px;display:inline;\">Fair value of awards granted during the year (cents) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t3t_212\" style=\"left:65px;bottom:365px;letter-spacing:-0.2px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t3u_212\" style=\"left:536px;bottom:365px;letter-spacing:-0.21px;display:inline;\">6,926.4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t3v_212\" style=\"left:672px;bottom:365px;letter-spacing:-0.35px;display:inline;\">3,169.7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t3w_212\" style=\"left:803px;bottom:365px;letter-spacing:-0.25px;display:inline;\">6,351.0 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t3x_212\" style=\"left:65px;bottom:346px;letter-spacing:-0.13px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t3y_212\" style=\"left:541px;bottom:346px;letter-spacing:-0.25px;display:inline;\">6,180.2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t3z_212\" style=\"left:672px;bottom:346px;letter-spacing:-0.29px;display:inline;\">3,770.0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t40_212\" style=\"left:803px;bottom:346px;letter-spacing:-0.2px;display:inline;\">5,656.4 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t41_212\" style=\"left:65px;bottom:328px;letter-spacing:-0.15px;display:inline;\">2021 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t42_212\" style=\"left:539px;bottom:328px;letter-spacing:-0.15px;display:inline;\">6,888.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t43_212\" style=\"left:672px;bottom:328px;letter-spacing:-0.23px;display:inline;\">4,676.3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t44_212\" style=\"left:804px;bottom:328px;letter-spacing:-0.26px;display:inline;\">6,559.7 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_212\" id=\"t45_212\" style=\"left:65px;bottom:290px;letter-spacing:0.04px;word-spacing:-0.14px;display:inline;\">Weighted average remaining contract life (years) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t46_212\" style=\"left:65px;bottom:272px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t47_212\" style=\"left:562px;bottom:272px;letter-spacing:-0.14px;display:inline;\">1.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t48_212\" style=\"left:694px;bottom:272px;letter-spacing:-0.15px;display:inline;\">1.3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t49_212\" style=\"left:826px;bottom:272px;letter-spacing:-0.15px;display:inline;\">1.3 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t4a_212\" style=\"left:65px;bottom:253px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t4b_212\" style=\"left:563px;bottom:253px;letter-spacing:-0.29px;display:inline;\">1.0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t4c_212\" style=\"left:698px;bottom:253px;letter-spacing:-0.37px;display:inline;\">1.1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t4d_212\" style=\"left:828px;bottom:253px;letter-spacing:-0.08px;display:inline;\">1.2 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t4e_212\" style=\"left:65px;bottom:235px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December 2021 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t4f_212\" style=\"left:561px;bottom:235px;letter-spacing:-0.21px;display:inline;\">0.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t4g_212\" style=\"left:696px;bottom:235px;letter-spacing:-0.08px;display:inline;\">1.2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t4h_212\" style=\"left:828px;bottom:235px;letter-spacing:-0.08px;display:inline;\">1.2 </div></td></tr></table>\n<div class=\"t sb_212\" id=\"t4i_212\" style=\"left:65px;bottom:202px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The above awards do not vest until the performance and service conditions have been met. </div><div class=\"t sb_212\" id=\"t4j_212\" style=\"left:65px;bottom:179px;letter-spacing:-0.09px;word-spacing:-0.07px;display:inline;\">The weighted average share price at the date of exercise for share awards vested during the year was 5,470.3p (2022: 4,950.5p). The closing </div><div class=\"t sg_212\" id=\"t4k_212\" style=\"left:65px;bottom:163px;letter-spacing:-0.07px;word-spacing:-0.06px;display:inline;\">share price on 31 December 2023 was 7,090.0p (31 December 2022: 4,744.0p) and the range during the year was 4,832.0p to 7,118.0p </div><div class=\"t sg_212\" id=\"t4l_212\" style=\"left:65px;bottom:148px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">(2022: 4,193.0p to 5,338.0p). </div><div class=\"t s4_212\" id=\"t4m_212\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t sh_212\" id=\"t4n_212\" style=\"left:65px;bottom:31px;letter-spacing:0.09px;display:inline;\"></div><div></div><div class=\"t s0_213\" id=\"t1_213\" style=\"left:65px;bottom:1115px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">29. Equity </div><div class=\"t s1_213\" id=\"t2_213\" style=\"left:65px;bottom:1100px;word-spacing:-0.14px;display:inline;\">Equity share capital </div><table>\n                                            <tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"td_213\" style=\"left:813px;bottom:1085px;letter-spacing:0.08px;display:inline;\">Equity </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t4_213\" style=\"left:607px;bottom:1075px;letter-spacing:0.14px;display:inline;\">Number </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t7_213\" style=\"left:672px;bottom:1075px;letter-spacing:0.11px;display:inline;\">Nominal </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"ta_213\" style=\"left:749px;bottom:1075px;letter-spacing:0.1px;display:inline;\">Share </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"te_213\" style=\"left:816px;bottom:1075px;letter-spacing:0.1px;display:inline;\">share </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t5_213\" style=\"left:603px;bottom:1064px;letter-spacing:0.07px;word-spacing:-0.18px;display:inline;\">of shares </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t8_213\" style=\"left:685px;bottom:1064px;letter-spacing:0.05px;display:inline;\">value </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"tb_213\" style=\"left:735px;bottom:1064px;letter-spacing:0.1px;display:inline;\">premium </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"tf_213\" style=\"left:811px;bottom:1064px;letter-spacing:0.09px;display:inline;\">capital </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t3_213\" style=\"left:65px;bottom:1053px;letter-spacing:0.05px;word-spacing:-0.16px;display:inline;\">Allotted, called up and fully paid </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t6_213\" style=\"left:608px;bottom:1053px;letter-spacing:0.08px;display:inline;\">millions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t9_213\" style=\"left:694px;bottom:1053px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"tc_213\" style=\"left:761px;bottom:1053px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"tg_213\" style=\"left:827px;bottom:1053px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s3_213\" id=\"th_213\" style=\"left:65px;bottom:1036px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">At 1 January 2021 (ordinary shares of 20 </div><div class=\"t s4_213\" id=\"ti_213\" style=\"vertical-align: super;left:259px;bottom:1042px;letter-spacing:0.23px;display:inline;\">340 </div><div class=\"t s3_213\" id=\"tj_213\" style=\"left:272px;bottom:1036px;display:inline;\">\u2044 </div><div class=\"t s4_213\" id=\"tk_213\" style=\"vertical-align: sub;left:274px;bottom:1036px;letter-spacing:0.23px;display:inline;\">399 </div><div class=\"t s3_213\" id=\"tl_213\" style=\"left:285px;bottom:1036px;letter-spacing:-0.28px;word-spacing:-0.08px;display:inline;\">p each) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"tm_213\" style=\"left:627px;bottom:1036px;letter-spacing:-0.25px;display:inline;\">187 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"tn_213\" style=\"left:696px;bottom:1036px;letter-spacing:-0.11px;display:inline;\">53 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"to_213\" style=\"left:757px;bottom:1036px;letter-spacing:-0.18px;display:inline;\">103 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"tp_213\" style=\"left:824px;bottom:1036px;letter-spacing:-0.18px;display:inline;\">156 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"tq_213\" style=\"left:65px;bottom:1017px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Exchange adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"tr_213\" style=\"left:637px;bottom:1017px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"ts_213\" style=\"left:703px;bottom:1017px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"tt_213\" style=\"left:766px;bottom:1017px;letter-spacing:-0.26px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"tu_213\" style=\"left:832px;bottom:1017px;letter-spacing:-0.26px;display:inline;\">(2) </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s3_213\" id=\"tv_213\" style=\"left:65px;bottom:999px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">At 31 December 2021 (ordinary shares of 20 </div><div class=\"t s4_213\" id=\"tw_213\" style=\"vertical-align: super;left:279px;bottom:1005px;letter-spacing:0.23px;display:inline;\">340 </div><div class=\"t s3_213\" id=\"tx_213\" style=\"left:292px;bottom:999px;display:inline;\">\u2044 </div><div class=\"t s4_213\" id=\"ty_213\" style=\"vertical-align: sub;left:294px;bottom:999px;letter-spacing:0.23px;display:inline;\">399 </div><div class=\"t s3_213\" id=\"tz_213\" style=\"left:306px;bottom:999px;letter-spacing:-0.28px;word-spacing:-0.08px;display:inline;\">p each) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t10_213\" style=\"left:627px;bottom:999px;letter-spacing:-0.25px;display:inline;\">187 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t11_213\" style=\"left:696px;bottom:999px;letter-spacing:-0.11px;display:inline;\">53 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t12_213\" style=\"left:759px;bottom:999px;letter-spacing:-0.15px;display:inline;\">101 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t13_213\" style=\"left:824px;bottom:999px;letter-spacing:-0.14px;display:inline;\">154 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t14_213\" style=\"left:65px;bottom:980px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Repurchased and cancelled under share repurchase programme </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t15_213\" style=\"left:633px;bottom:980px;letter-spacing:-0.49px;display:inline;\">(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t16_213\" style=\"left:702px;bottom:980px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t17_213\" style=\"left:769px;bottom:980px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t18_213\" style=\"left:834px;bottom:980px;letter-spacing:-0.35px;display:inline;\">(1) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t19_213\" style=\"left:65px;bottom:962px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Exchange adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t1a_213\" style=\"left:637px;bottom:962px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t1b_213\" style=\"left:699px;bottom:962px;letter-spacing:-0.38px;display:inline;\">(6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t1c_213\" style=\"left:760px;bottom:962px;letter-spacing:-0.3px;display:inline;\">(10) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t1d_213\" style=\"left:827px;bottom:962px;letter-spacing:-0.28px;display:inline;\">(16) </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s3_213\" id=\"t1e_213\" style=\"left:65px;bottom:943px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">At 31 December 2022 (ordinary shares of 20 </div><div class=\"t s4_213\" id=\"t1f_213\" style=\"vertical-align: super;left:281px;bottom:950px;letter-spacing:0.23px;display:inline;\">340 </div><div class=\"t s3_213\" id=\"t1g_213\" style=\"left:294px;bottom:943px;display:inline;\">\u2044 </div><div class=\"t s4_213\" id=\"t1h_213\" style=\"vertical-align: sub;left:296px;bottom:943px;letter-spacing:0.23px;display:inline;\">399 </div><div class=\"t s3_213\" id=\"t1i_213\" style=\"left:308px;bottom:943px;letter-spacing:-0.28px;word-spacing:-0.08px;display:inline;\">p each) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t1j_213\" style=\"left:626px;bottom:943px;letter-spacing:-0.15px;display:inline;\">183 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t1k_213\" style=\"left:696px;bottom:943px;letter-spacing:-0.1px;display:inline;\">46 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t1l_213\" style=\"left:764px;bottom:943px;letter-spacing:-0.07px;display:inline;\">91 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t1m_213\" style=\"left:825px;bottom:943px;letter-spacing:-0.26px;display:inline;\">137 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t1n_213\" style=\"left:65px;bottom:924px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Repurchased and cancelled under share repurchase programme </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t1o_213\" style=\"left:630px;bottom:924px;letter-spacing:-0.36px;display:inline;\">(11) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t1p_213\" style=\"left:699px;bottom:924px;letter-spacing:-0.42px;display:inline;\">(3) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t1q_213\" style=\"left:769px;bottom:924px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t1r_213\" style=\"left:831px;bottom:924px;letter-spacing:-0.42px;display:inline;\">(3) </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t1s_213\" style=\"left:65px;bottom:906px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Exchange adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t1t_213\" style=\"left:637px;bottom:906px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t1u_213\" style=\"left:702px;bottom:906px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t1v_213\" style=\"left:768px;bottom:906px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t1w_213\" style=\"left:835px;bottom:906px;display:inline;\">7 </div></td></tr><tr><td class=\"tcs-selection-enabled tcs-selected\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s5_213\" id=\"t1x_213\" style=\"left:65px;bottom:887px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">At 31 December 2023 (ordinary shares of 20 </div><div class=\"t s6_213\" id=\"t1y_213\" style=\"vertical-align: super;left:288px;bottom:894px;letter-spacing:0.21px;display:inline;\">340 </div><div class=\"t s5_213\" id=\"t1z_213\" style=\"left:302px;bottom:887px;display:inline;\">\u2044 </div><div class=\"t s6_213\" id=\"t20_213\" style=\"vertical-align: sub;left:303px;bottom:887px;letter-spacing:0.21px;display:inline;\">399 </div><div class=\"t s5_213\" id=\"t21_213\" style=\"left:316px;bottom:887px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">p each) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t22_213\" style=\"left:626px;bottom:887px;letter-spacing:-0.31px;display:inline;\">172 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t23_213\" style=\"left:695px;bottom:887px;letter-spacing:-0.17px;display:inline;\">46 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t24_213\" style=\"left:761px;bottom:887px;letter-spacing:-0.15px;display:inline;\">95 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t25_213\" style=\"left:825px;bottom:887px;letter-spacing:-0.37px;display:inline;\">141 </div></td></tr>\n                                        </table>\n<div class=\"t s7_213\" id=\"t26_213\" style=\"left:65px;bottom:855px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Under the authority given to the Company by shareholders at the AGM held on 6 May 2022 to purchase its own shares, in August 2022 the </div><div class=\"t s7_213\" id=\"t27_213\" style=\"left:65px;bottom:840px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">Board approved a $500m share buyback programme that commenced on 9 August 2022 and completed on 31 January 2023. In February </div><div class=\"t s7_213\" id=\"t28_213\" style=\"left:65px;bottom:825px;letter-spacing:-0.21px;word-spacing:-0.11px;display:inline;\">2023 the Board approved a further $750m share buyback programme which completed on 29 December 2023. In the year ended 31 December </div><div class=\"t s7_213\" id=\"t29_213\" style=\"left:65px;bottom:809px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">2023, 10.9m shares were repurchased for total consideration of $790m including $28m transaction costs and subsequently cancelled. </div><div class=\"t s7_213\" id=\"t2a_213\" style=\"left:65px;bottom:794px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Of the total consideration, $38m relates to the completion of the 2022 programme and $752m relates to the 2023 programme. The cost of </div><div class=\"t s7_213\" id=\"t2b_213\" style=\"left:65px;bottom:779px;letter-spacing:-0.1px;word-spacing:-0.1px;display:inline;\">treasury shares and related transaction costs have been deducted from retained earnings. In the year ended 31 December 2022, 9.1m shares </div><div class=\"t s7_213\" id=\"t2c_213\" style=\"left:65px;bottom:763px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">were repurchased for total consideration of $482m including $2m transaction costs, of which 4.5m were held as treasury shares and 4.6m </div><div class=\"t s7_213\" id=\"t2d_213\" style=\"left:65px;bottom:748px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">were cancelled. </div><div class=\"t s8_213\" id=\"t2e_213\" style=\"left:65px;bottom:725px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">When approving shareholder returns in 2022 and 2023, the Board first reviewed the Parent Company Financial Statements to confirm </div><div class=\"t s7_213\" id=\"t2f_213\" style=\"left:65px;bottom:710px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">availability of su\ufb00icient distributable reserves. </div><div class=\"t s7_213\" id=\"t2g_213\" style=\"left:65px;bottom:687px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">In February 2024, the Board approved a further $800m share buyback programme. A resolution to renew the authority to repurchase shares </div><div class=\"t s7_213\" id=\"t2h_213\" style=\"left:65px;bottom:672px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">will be put to shareholders at the AGM on 3 May 2024. </div><div class=\"t s7_213\" id=\"t2i_213\" style=\"left:65px;bottom:649px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">The Company no longer has an authorised share capital. </div><div class=\"t s1_213\" id=\"t2j_213\" style=\"left:65px;bottom:626px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">Shares held by employee share trusts </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t2k_213\" style=\"left:662px;bottom:612px;letter-spacing:0.09px;word-spacing:-0.18px;display:inline;\">Number of </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t2n_213\" style=\"left:736px;bottom:612px;letter-spacing:0.09px;display:inline;\">Carrying </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t2q_213\" style=\"left:810px;bottom:612px;letter-spacing:0.04px;display:inline;\">Market </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t2l_213\" style=\"left:680px;bottom:601px;letter-spacing:0.13px;display:inline;\">shares </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t2o_213\" style=\"left:751px;bottom:601px;letter-spacing:0.05px;display:inline;\">value </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t2r_213\" style=\"left:817px;bottom:601px;letter-spacing:0.06px;display:inline;\">value </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t2m_213\" style=\"left:674px;bottom:590px;letter-spacing:0.08px;display:inline;\">millions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t2p_213\" style=\"left:761px;bottom:590px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t2s_213\" style=\"left:827px;bottom:590px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t2t_213\" style=\"left:65px;bottom:572px;letter-spacing:-0.19px;word-spacing:-0.19px;display:inline;\">31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t2u_213\" style=\"left:691px;bottom:572px;letter-spacing:-0.27px;display:inline;\">0.8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t2v_213\" style=\"left:751px;bottom:572px;letter-spacing:-0.25px;display:inline;\">35.0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t2w_213\" style=\"left:818px;bottom:572px;letter-spacing:-0.29px;display:inline;\">73.6 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t2x_213\" style=\"left:65px;bottom:554px;letter-spacing:-0.18px;word-spacing:-0.2px;display:inline;\">31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t2y_213\" style=\"left:698px;bottom:554px;letter-spacing:-0.37px;display:inline;\">1.1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t2z_213\" style=\"left:754px;bottom:554px;letter-spacing:-0.52px;display:inline;\">37.0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t30_213\" style=\"left:819px;bottom:554px;letter-spacing:-0.18px;display:inline;\">62.8 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t31_213\" style=\"left:65px;bottom:536px;letter-spacing:-0.19px;word-spacing:-0.19px;display:inline;\">31 December 2021 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t32_213\" style=\"left:692px;bottom:536px;letter-spacing:-0.25px;display:inline;\">0.9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t33_213\" style=\"left:757px;bottom:536px;letter-spacing:-0.24px;display:inline;\">21.7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t34_213\" style=\"left:821px;bottom:536px;letter-spacing:-0.41px;display:inline;\">57.3 </div></td></tr></table>\n<div class=\"t s7_213\" id=\"t35_213\" style=\"left:65px;bottom:502px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Shares held by employee share trusts includes 0.2m shares (2022: 0.2m shares) held in a nominee account on behalf of participants. </div><div class=\"t s1_213\" id=\"t36_213\" style=\"left:65px;bottom:479px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">Treasury shares </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t37_213\" style=\"left:728px;bottom:465px;letter-spacing:0.09px;word-spacing:-0.18px;display:inline;\">Number of </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t3a_213\" style=\"left:804px;bottom:465px;letter-spacing:0.11px;display:inline;\">Nominal </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t38_213\" style=\"left:746px;bottom:454px;letter-spacing:0.13px;display:inline;\">shares </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t3b_213\" style=\"left:817px;bottom:454px;letter-spacing:0.05px;display:inline;\">value </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t39_213\" style=\"left:740px;bottom:443px;letter-spacing:0.08px;display:inline;\">millions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t3c_213\" style=\"left:827px;bottom:443px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3d_213\" style=\"left:65px;bottom:426px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">At 1 January 2021 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3e_213\" style=\"left:762px;bottom:426px;letter-spacing:-0.35px;display:inline;\">5.1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3f_213\" style=\"left:827px;bottom:426px;letter-spacing:-0.15px;display:inline;\">1.4 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3g_213\" style=\"left:65px;bottom:407px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Transferred to employee share trusts </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3h_213\" style=\"left:758px;bottom:407px;letter-spacing:-0.27px;display:inline;\">(1.4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3i_213\" style=\"left:821px;bottom:407px;letter-spacing:-0.33px;display:inline;\">(0.4) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3j_213\" style=\"left:65px;bottom:389px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December 2021 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3k_213\" style=\"left:760px;bottom:389px;letter-spacing:-0.29px;display:inline;\">3.7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3l_213\" style=\"left:827px;bottom:389px;letter-spacing:-0.25px;display:inline;\">1.0 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3m_213\" style=\"left:65px;bottom:370px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Transferred to employee share trusts </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3n_213\" style=\"left:756px;bottom:370px;letter-spacing:-0.29px;display:inline;\">(0.7) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3o_213\" style=\"left:822px;bottom:370px;letter-spacing:-0.26px;display:inline;\">(0.2) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3p_213\" style=\"left:65px;bottom:352px;letter-spacing:-0.24px;word-spacing:-0.14px;display:inline;\">Repurchased under share repurchase programme </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3q_213\" style=\"left:759px;bottom:352px;letter-spacing:-0.1px;display:inline;\">4.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3r_213\" style=\"left:830px;bottom:352px;letter-spacing:-0.37px;display:inline;\">1.1 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3s_213\" style=\"left:65px;bottom:333px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3t_213\" style=\"left:761px;bottom:333px;letter-spacing:-0.48px;display:inline;\">7.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3u_213\" style=\"left:827px;bottom:333px;letter-spacing:-0.17px;display:inline;\">1.9 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3v_213\" style=\"left:65px;bottom:315px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Transferred to employee share trusts </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t3w_213\" style=\"left:754px;bottom:315px;letter-spacing:-0.33px;display:inline;\">(0.5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t3x_213\" style=\"left:823px;bottom:315px;letter-spacing:-0.45px;display:inline;\">(0.1) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3y_213\" style=\"left:65px;bottom:296px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Exchange adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t3z_213\" style=\"left:769px;bottom:296px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t40_213\" style=\"left:826px;bottom:296px;letter-spacing:-0.49px;display:inline;\">0.1 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t41_213\" style=\"left:65px;bottom:278px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t42_213\" style=\"left:759px;bottom:278px;letter-spacing:-0.65px;display:inline;\">7.0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t43_213\" style=\"left:826px;bottom:278px;letter-spacing:-0.18px;display:inline;\">1.9 </div></td></tr></table>\n<div class=\"t s9_213\" id=\"t44_213\" style=\"left:65px;bottom:31px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\"> </div><div class=\"t m0_213 sa_213\" id=\"t45_213\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t s9_213\" id=\"t46_213\" style=\"left:828px;bottom:31px;letter-spacing:-0.01px;display:inline;\"></div><div></div><div class=\"t s2_214\" id=\"t3_214\" style=\"left:65px;bottom:1100px;letter-spacing:0.02px;word-spacing:-0.16px;display:inline;\">Cash flow hedge reserves </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_214\" id=\"t4_214\" style=\"left:666px;bottom:1085px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">Cash flow </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_214\" id=\"t8_214\" style=\"left:744px;bottom:1085px;letter-spacing:0.06px;word-spacing:-0.18px;display:inline;\">Cost of </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_214\" id=\"t5_214\" style=\"left:681px;bottom:1075px;letter-spacing:0.14px;display:inline;\">hedge </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_214\" id=\"t9_214\" style=\"left:738px;bottom:1075px;letter-spacing:0.12px;display:inline;\">hedging </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_214\" id=\"t6_214\" style=\"left:675px;bottom:1064px;letter-spacing:0.1px;display:inline;\">reserve </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_214\" id=\"ta_214\" style=\"left:741px;bottom:1064px;letter-spacing:0.1px;display:inline;\">reserve </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_214\" id=\"tc_214\" style=\"left:819px;bottom:1064px;letter-spacing:-0.07px;display:inline;\">Total </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_214\" id=\"t7_214\" style=\"left:695px;bottom:1053px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_214\" id=\"tb_214\" style=\"left:761px;bottom:1053px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_214\" id=\"td_214\" style=\"left:827px;bottom:1053px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"te_214\" style=\"left:65px;bottom:1035px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">At 1 January 2021 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"tf_214\" style=\"left:698px;bottom:1035px;letter-spacing:-0.33px;display:inline;\">(11) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"tg_214\" style=\"left:761px;bottom:1035px;letter-spacing:-0.3px;display:inline;\">(13) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"th_214\" style=\"left:826px;bottom:1035px;letter-spacing:-0.32px;display:inline;\">(24) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"ti_214\" style=\"left:65px;bottom:1017px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Costs of hedging deferred and recognised in other comprehensive income </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"tj_214\" style=\"left:704px;bottom:1017px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"tk_214\" style=\"left:769px;bottom:1017px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"tl_214\" style=\"left:835px;bottom:1017px;display:inline;\">2 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"tm_214\" style=\"left:65px;bottom:998px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Change in fair value of currency swaps recognised in other comprehensive income </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"tn_214\" style=\"left:693px;bottom:998px;letter-spacing:-0.31px;display:inline;\">(62) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"to_214\" style=\"left:770px;bottom:998px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"tp_214\" style=\"left:826px;bottom:998px;letter-spacing:-0.31px;display:inline;\">(62) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_214\" id=\"tq_214\" style=\"left:65px;bottom:980px;letter-spacing:-0.14px;display:inline;\">Reclassified </div><div class=\"t s5_214\" id=\"tr_214\" style=\"left:127px;bottom:980px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">from other comprehensive income to pro</div><div class=\"t s6_214\" id=\"ts_214\" style=\"left:330px;bottom:980px;letter-spacing:-0.2px;word-spacing:-0.14px;display:inline;\">fit or loss \u2013 included in financial expenses </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"tt_214\" style=\"left:696px;bottom:980px;letter-spacing:-0.06px;display:inline;\">96 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"tu_214\" style=\"left:770px;bottom:980px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"tv_214\" style=\"left:828px;bottom:980px;letter-spacing:-0.06px;display:inline;\">96 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"tw_214\" style=\"left:65px;bottom:961px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Deferred tax </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"tx_214\" style=\"left:700px;bottom:961px;letter-spacing:0.03px;display:inline;\">(7) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"ty_214\" style=\"left:770px;bottom:961px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"tz_214\" style=\"left:832px;bottom:961px;letter-spacing:0.03px;display:inline;\">(7) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t10_214\" style=\"left:65px;bottom:943px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December 2021 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t11_214\" style=\"left:698px;bottom:943px;letter-spacing:-0.2px;display:inline;\">16 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t12_214\" style=\"left:764px;bottom:943px;letter-spacing:-0.33px;display:inline;\">(11) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t13_214\" style=\"left:835px;bottom:943px;display:inline;\">5 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t14_214\" style=\"left:65px;bottom:924px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Costs of hedging deferred and recognised in other comprehensive income </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t15_214\" style=\"left:704px;bottom:924px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t16_214\" style=\"left:769px;bottom:924px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t17_214\" style=\"left:835px;bottom:924px;display:inline;\">3 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t18_214\" style=\"left:65px;bottom:906px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Change in fair value of currency swaps recognised in other comprehensive income </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t19_214\" style=\"left:696px;bottom:906px;letter-spacing:-0.11px;display:inline;\">33 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t1a_214\" style=\"left:770px;bottom:906px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t1b_214\" style=\"left:828px;bottom:906px;letter-spacing:-0.11px;display:inline;\">33 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_214\" id=\"t1c_214\" style=\"left:65px;bottom:888px;letter-spacing:-0.14px;display:inline;\">Reclassified </div><div class=\"t s5_214\" id=\"t1d_214\" style=\"left:127px;bottom:888px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">from other comprehensive income to pro</div><div class=\"t s6_214\" id=\"t1e_214\" style=\"left:330px;bottom:888px;letter-spacing:-0.2px;word-spacing:-0.14px;display:inline;\">fit or loss \u2013 included in financial expenses </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t1f_214\" style=\"left:693px;bottom:888px;letter-spacing:-0.3px;display:inline;\">(43) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t1g_214\" style=\"left:770px;bottom:888px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t1h_214\" style=\"left:825px;bottom:888px;letter-spacing:-0.3px;display:inline;\">(43) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t1i_214\" style=\"left:65px;bottom:869px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Deferred tax </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t1j_214\" style=\"left:703px;bottom:869px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t1k_214\" style=\"left:770px;bottom:869px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t1l_214\" style=\"left:835px;bottom:869px;display:inline;\">2 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t1m_214\" style=\"left:65px;bottom:851px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t1n_214\" style=\"left:703px;bottom:851px;display:inline;\">8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t1o_214\" style=\"left:766px;bottom:851px;letter-spacing:-0.37px;display:inline;\">(8) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t1p_214\" style=\"left:836px;bottom:851px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t1q_214\" style=\"left:65px;bottom:832px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Change in fair value of currency swaps recognised in other comprehensive income </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_214\" id=\"t1r_214\" style=\"left:691px;bottom:832px;letter-spacing:-0.35px;display:inline;\">(30) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_214\" id=\"t1s_214\" style=\"left:769px;bottom:832px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_214\" id=\"t1t_214\" style=\"left:823px;bottom:832px;letter-spacing:-0.35px;display:inline;\">(30) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_214\" id=\"t1u_214\" style=\"left:65px;bottom:813px;letter-spacing:-0.14px;display:inline;\">Reclassified </div><div class=\"t s5_214\" id=\"t1v_214\" style=\"left:127px;bottom:813px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">from other comprehensive income to pro</div><div class=\"t s6_214\" id=\"t1w_214\" style=\"left:330px;bottom:813px;letter-spacing:-0.2px;word-spacing:-0.14px;display:inline;\">fit or loss \u2013 included in financial expenses </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_214\" id=\"t1x_214\" style=\"left:696px;bottom:813px;letter-spacing:-0.19px;display:inline;\">28 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_214\" id=\"t1y_214\" style=\"left:769px;bottom:813px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_214\" id=\"t1z_214\" style=\"left:828px;bottom:813px;letter-spacing:-0.19px;display:inline;\">28 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_214\" id=\"t20_214\" style=\"left:65px;bottom:795px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_214\" id=\"t21_214\" style=\"left:702px;bottom:795px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_214\" id=\"t22_214\" style=\"left:765px;bottom:795px;letter-spacing:-0.41px;display:inline;\">(8) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_214\" id=\"t23_214\" style=\"left:831px;bottom:795px;letter-spacing:-0.29px;display:inline;\">(2) </div></td></tr></table>\n<div class=\"t s8_214\" id=\"t24_214\" style=\"left:65px;bottom:761px;letter-spacing:-0.03px;word-spacing:-0.13px;display:inline;\">Amounts reclassified </div><div class=\"t s9_214\" id=\"t25_214\" style=\"left:185px;bottom:761px;letter-spacing:-0.07px;word-spacing:-0.09px;display:inline;\">from other comprehensive income to </div><div class=\"t s8_214\" id=\"t26_214\" style=\"left:395px;bottom:761px;letter-spacing:-0.07px;word-spacing:-0.1px;display:inline;\">financial expenses comprise $14m (2022: $14m, 2021: $15m) net interest payable </div><div class=\"t s9_214\" id=\"t27_214\" style=\"left:65px;bottom:746px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">on the currency swaps and an exchange loss of $14m (2022: $57m gain, 2021: $81m loss) which o\ufb00sets a corresponding gain or loss on the </div><div class=\"t s9_214\" id=\"t28_214\" style=\"left:65px;bottom:731px;letter-spacing:0.04px;word-spacing:-0.16px;display:inline;\">hedged bonds. </div><div class=\"t s0_214\" id=\"t29_214\" style=\"left:65px;bottom:700px;letter-spacing:0.02px;word-spacing:-0.15px;display:inline;\">30. Contingencies and commitments </div><div class=\"t s2_214\" id=\"t2a_214\" style=\"left:65px;bottom:685px;letter-spacing:0.01px;word-spacing:-0.15px;display:inline;\">2022 criminal unauthorised access to technology systems </div><div class=\"t s9_214\" id=\"t2b_214\" style=\"left:65px;bottom:670px;letter-spacing:-0.11px;word-spacing:-0.1px;display:inline;\">On 6 September 2022, the Group announced that parts of the Group\u2019s technology systems had been subject to unauthorised activity causing </div><div class=\"t s9_214\" id=\"t2c_214\" style=\"left:65px;bottom:655px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">disruption to IHG\u2019s booking channels and other applications. No evidence of unauthorised access to systems storing guest data was </div><div class=\"t s8_214\" id=\"t2d_214\" style=\"left:65px;bottom:639px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">identified and precautionary regulatory notifications were filed and have been closed. </div><div class=\"t s8_214\" id=\"t2e_214\" style=\"left:65px;bottom:616px;letter-spacing:-0.12px;word-spacing:-0.12px;display:inline;\">A class action has been filed, although alleged damages have not been specified. Given the uncertainty around the timing o</div><div class=\"t s9_214\" id=\"t2f_214\" style=\"left:743px;bottom:616px;letter-spacing:-0.12px;word-spacing:-0.13px;display:inline;\">f the legal process </div><div class=\"t s9_214\" id=\"t2g_214\" style=\"left:65px;bottom:601px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">and the quantum of any damages, it is not practicable to make a reliable estimate of the possible </div><div class=\"t s8_214\" id=\"t2h_214\" style=\"left:604px;bottom:601px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">financial e\ufb00ect o</div><div class=\"t s9_214\" id=\"t2i_214\" style=\"left:696px;bottom:601px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">f any claims on the Group </div><div class=\"t s9_214\" id=\"t2j_214\" style=\"left:65px;bottom:586px;letter-spacing:-0.1px;word-spacing:-0.06px;display:inline;\">at this time. </div><div class=\"t s9_214\" id=\"t2k_214\" style=\"left:65px;bottom:563px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The Group holds third-party insurance policies in respect of cyber risks. It is expected that any further payment of claims will be recoverable </div><div class=\"t s8_214\" id=\"t2l_214\" style=\"left:65px;bottom:548px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">under insurance policies, subject to specific agreement with the insurance providers. </div><div class=\"t s2_214\" id=\"t2m_214\" style=\"left:65px;bottom:525px;letter-spacing:-0.03px;display:inline;\">Litigation </div><div class=\"t s9_214\" id=\"t2n_214\" style=\"left:65px;bottom:509px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">From time to time, the Group is subject to legal proceedings the ultimate outcome of each being always subject to many uncertainties </div><div class=\"t s8_214\" id=\"t2o_214\" style=\"left:65px;bottom:494px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">inherent in litigation. These legal claims and proceedings are in various stages and include disputes related to specific hotels where the </div><div class=\"t s9_214\" id=\"t2p_214\" style=\"left:65px;bottom:479px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">potential materiality is not yet known; such proceedings, either individually or in the aggregate, have not in the recent past and are not likely </div><div class=\"t s8_214\" id=\"t2q_214\" style=\"left:65px;bottom:464px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">to have a material e\ufb00ect on the Group\u2019s financial position or profitability. Previously reported contingent liabilities have been resolved or are </div><div class=\"t s9_214\" id=\"t2r_214\" style=\"left:65px;bottom:448px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">considered remote. </div><div class=\"t s9_214\" id=\"t2s_214\" style=\"left:65px;bottom:425px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">It is the view of the Directors that, other than to the extent that liabilities have been provided for in these Group Financial Statements (see </div><div class=\"t s9_214\" id=\"t2t_214\" style=\"left:65px;bottom:410px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">note 20), it is not possible to quantify any loss to which these proceedings may give rise, however, as at the date of reporting, the Group </div><div class=\"t s9_214\" id=\"t2u_214\" style=\"left:65px;bottom:395px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">does not believe that the outcome of these matters will have a material e\ufb00ect on the Group\u2019s </div><div class=\"t s8_214\" id=\"t2v_214\" style=\"left:581px;bottom:395px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">financial position. </div><div class=\"t s2_214\" id=\"t2w_214\" style=\"left:65px;bottom:372px;letter-spacing:0.02px;word-spacing:-0.16px;display:inline;\">Other items </div><div class=\"t s9_214\" id=\"t2x_214\" style=\"left:65px;bottom:357px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">At 31 December 2023, the Group had outstanding letters of credit of $68m (2022: $55m) mainly relating to the Group\u2019s Captive. The letters </div><div class=\"t s9_214\" id=\"t2y_214\" style=\"left:65px;bottom:341px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">of credit do not have set expiry dates, but are reviewed and amended as required. </div><div class=\"t s9_214\" id=\"t2z_214\" style=\"left:65px;bottom:318px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">The Group had total commitments for capital expenditure of $10m at 31 December 2023 (2022: $6m). The Group has also committed to </div><div class=\"t s9_214\" id=\"t30_214\" style=\"left:65px;bottom:303px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">invest $3m (2022: $6m) in one of its associates. </div><div class=\"t s2_214\" id=\"t33_214\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t sc_214\" id=\"t34_214\" style=\"left:65px;bottom:31px;letter-spacing:0.05px;display:inline;\"></div><div></div><div class=\"t s0_215\" id=\"t1_215\" style=\"left:65px;bottom:1115px;letter-spacing:0.01px;word-spacing:-0.15px;display:inline;\">31. Related party disclosures </div><div class=\"t s1_215\" id=\"t2_215\" style=\"left:65px;bottom:1100px;letter-spacing:0.02px;word-spacing:-0.14px;display:inline;\">Key management personnel </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_215\" id=\"t4_215\" style=\"left:662px;bottom:1085px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"t6_215\" style=\"left:741px;bottom:1085px;letter-spacing:0.17px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"t8_215\" style=\"left:821px;bottom:1085px;letter-spacing:0.14px;display:inline;\">2021 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_215\" id=\"t3_215\" style=\"left:65px;bottom:1075px;letter-spacing:0.06px;word-spacing:-0.16px;display:inline;\">Total compensation </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_215\" id=\"t5_215\" style=\"left:671px;bottom:1075px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"t7_215\" style=\"left:749px;bottom:1075px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"t9_215\" style=\"left:827px;bottom:1075px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"ta_215\" style=\"left:65px;bottom:1056px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Short-term employment benefits </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"tb_215\" style=\"left:664px;bottom:1056px;letter-spacing:-0.23px;display:inline;\">18.6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"tc_215\" style=\"left:744px;bottom:1056px;letter-spacing:-0.29px;display:inline;\">18.7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"td_215\" style=\"left:821px;bottom:1056px;letter-spacing:-0.21px;display:inline;\">19.3 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"te_215\" style=\"left:65px;bottom:1038px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Contributions to defined contribution pension plans </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"tf_215\" style=\"left:668px;bottom:1038px;letter-spacing:-0.26px;display:inline;\">0.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"tg_215\" style=\"left:747px;bottom:1038px;letter-spacing:-0.21px;display:inline;\">0.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"th_215\" style=\"left:825px;bottom:1038px;letter-spacing:-0.21px;display:inline;\">0.5 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"ti_215\" style=\"left:65px;bottom:1019px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">Equity compensation benefits </div><div class=\"t s7_215\" id=\"tj_215\" style=\"left:213px;bottom:1026px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"tk_215\" style=\"left:664px;bottom:1019px;letter-spacing:-0.18px;display:inline;\">15.8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"tl_215\" style=\"left:743px;bottom:1019px;letter-spacing:-0.19px;display:inline;\">13.4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"tm_215\" style=\"left:828px;bottom:1019px;letter-spacing:-0.36px;display:inline;\">8.1 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"tn_215\" style=\"left:661px;bottom:1001px;letter-spacing:-0.16px;display:inline;\">34.9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"to_215\" style=\"left:741px;bottom:1001px;letter-spacing:-0.23px;display:inline;\">32.6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"tp_215\" style=\"left:821px;bottom:1001px;letter-spacing:-0.4px;display:inline;\">27.9 </div></td></tr></table>\n<div class=\"t s8_215\" id=\"tq_215\" style=\"left:65px;bottom:977px;display:inline;\">a </div><div class=\"t s4_215\" id=\"tr_215\" style=\"left:74px;bottom:973px;letter-spacing:0.05px;word-spacing:-0.15px;display:inline;\">As measured in accordance with IFRS 2 \u2018Share-based Payment\u2019. </div><div class=\"t s9_215\" id=\"ts_215\" style=\"left:65px;bottom:941px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">There were no other transactions with key management personnel, defined as the Board and Executive Committee, during the years ended </div><div class=\"t s9_215\" id=\"tt_215\" style=\"left:65px;bottom:926px;letter-spacing:0.01px;word-spacing:-0.14px;display:inline;\">31 December 2023, 2022 or 2021. </div><div class=\"t s1_215\" id=\"tu_215\" style=\"left:65px;bottom:903px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">Associates and joint ventures </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_215\" id=\"tv_215\" style=\"left:662px;bottom:889px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"tx_215\" style=\"left:741px;bottom:889px;letter-spacing:0.17px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"tz_215\" style=\"left:821px;bottom:889px;letter-spacing:0.14px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_215\" id=\"tw_215\" style=\"left:671px;bottom:878px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"ty_215\" style=\"left:749px;bottom:878px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"t10_215\" style=\"left:827px;bottom:878px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t11_215\" style=\"left:65px;bottom:860px;letter-spacing:-0.28px;word-spacing:-0.09px;display:inline;\">Fee revenue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"t12_215\" style=\"left:676px;bottom:860px;letter-spacing:-0.3px;display:inline;\">11 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t13_215\" style=\"left:757px;bottom:860px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t14_215\" style=\"left:835px;bottom:860px;display:inline;\">3 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t15_215\" style=\"left:65px;bottom:842px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Amounts receivable </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"t16_215\" style=\"left:673px;bottom:842px;letter-spacing:-0.19px;display:inline;\">19 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t17_215\" style=\"left:752px;bottom:842px;letter-spacing:-0.22px;display:inline;\">10 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t18_215\" style=\"left:833px;bottom:842px;letter-spacing:-0.3px;display:inline;\">11 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t19_215\" style=\"left:65px;bottom:823px;letter-spacing:-0.26px;word-spacing:-0.12px;display:inline;\">Amounts payable </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"t1a_215\" style=\"left:670px;bottom:823px;letter-spacing:-0.34px;display:inline;\">(10) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t1b_215\" style=\"left:758px;bottom:823px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t1c_215\" style=\"left:836px;bottom:823px;display:inline;\">\u2013 </div></td></tr></table>\n<div class=\"t sa_215\" id=\"t1d_215\" style=\"left:65px;bottom:791px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The Group has a performance guarantee with a maximum exposure remaining of $6m (2022: $10m) for one associate. In 2021, the Group </div><div class=\"t sa_215\" id=\"t1e_215\" style=\"left:65px;bottom:775px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">had an outstanding guarantee of $12m against the bank loan of another associate. </div><div class=\"t sa_215\" id=\"t1f_215\" style=\"left:65px;bottom:753px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">The Group funds shortfalls in owner returns relating to the Barclay associate (see note 15). In addition, loans both to and from the Barclay </div><div class=\"t sa_215\" id=\"t1g_215\" style=\"left:65px;bottom:737px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">associate of $237m (2022: $237m) are o\ufb00set in accordance with the provisions of IAS 32 \u2018Financial Instruments: Presentation\u2019 and presented </div><div class=\"t sa_215\" id=\"t1h_215\" style=\"left:65px;bottom:722px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">net in the Group statement of </div><div class=\"t s9_215\" id=\"t1i_215\" style=\"left:232px;bottom:722px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">financial position. Interest payable and receivable under the loans is equivalent. The loans have an average </div><div class=\"t sa_215\" id=\"t1j_215\" style=\"left:65px;bottom:707px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">interest rate of 4.0% (2022: 2.7%) and interest is presented net in the Group income statement. Notes 6 and 15 contain details of other </div><div class=\"t s9_215\" id=\"t1k_215\" style=\"left:65px;bottom:691px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">transactions with the Barclay associate. </div><div class=\"t sa_215\" id=\"t1l_215\" style=\"left:65px;bottom:669px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Amounts receivable include $12m preferred equity investments in two associates which is presented within Other </div><div class=\"t s9_215\" id=\"t1m_215\" style=\"left:700px;bottom:669px;letter-spacing:-0.01px;word-spacing:-0.14px;display:inline;\">financial assets. </div><div class=\"t s0_215\" id=\"t1n_215\" style=\"left:65px;bottom:638px;letter-spacing:0.01px;word-spacing:-0.14px;display:inline;\">32. System Fund and reimbursables </div><div class=\"t s9_215\" id=\"t1o_215\" style=\"left:65px;bottom:623px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">System Fund and reimbursable revenues and expenses comprise: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_215\" id=\"t1p_215\" style=\"left:662px;bottom:601px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"t1r_215\" style=\"left:741px;bottom:601px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"t1t_215\" style=\"left:821px;bottom:601px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_215\" id=\"t1q_215\" style=\"left:671px;bottom:590px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"t1s_215\" style=\"left:749px;bottom:590px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"t1u_215\" style=\"left:827px;bottom:590px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t1v_215\" style=\"left:65px;bottom:572px;letter-spacing:-0.27px;word-spacing:-0.1px;display:inline;\">System Fund revenues </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"t1w_215\" style=\"left:657px;bottom:572px;letter-spacing:-0.19px;display:inline;\">1,564 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t1x_215\" style=\"left:740px;bottom:572px;letter-spacing:-0.14px;display:inline;\">1,217 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t1y_215\" style=\"left:822px;bottom:572px;letter-spacing:-0.17px;display:inline;\">928 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t1z_215\" style=\"left:65px;bottom:554px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Reimbursable revenues </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"t20_215\" style=\"left:664px;bottom:554px;letter-spacing:-0.16px;display:inline;\">896 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t21_215\" style=\"left:744px;bottom:554px;letter-spacing:-0.12px;display:inline;\">832 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t22_215\" style=\"left:822px;bottom:554px;letter-spacing:-0.11px;display:inline;\">589 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"t23_215\" style=\"left:65px;bottom:535px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">System Fund and reimbursable revenues </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"t24_215\" style=\"left:654px;bottom:535px;letter-spacing:-0.15px;display:inline;\">2,460 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t25_215\" style=\"left:734px;bottom:535px;letter-spacing:-0.19px;display:inline;\">2,049 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t26_215\" style=\"left:818px;bottom:535px;letter-spacing:-0.24px;display:inline;\">1,517 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t27_215\" style=\"left:65px;bottom:504px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">System Fund expenses </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"t28_215\" style=\"left:654px;bottom:504px;letter-spacing:-0.23px;display:inline;\">(1,545) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t29_215\" style=\"left:735px;bottom:504px;letter-spacing:-0.19px;display:inline;\">(1,322) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t2a_215\" style=\"left:818px;bottom:504px;letter-spacing:-0.22px;display:inline;\">(939) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t2b_215\" style=\"left:65px;bottom:485px;letter-spacing:-0.21px;word-spacing:-0.16px;display:inline;\">Reimbursable expenses </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"t2c_215\" style=\"left:661px;bottom:485px;letter-spacing:-0.28px;display:inline;\">(896) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t2d_215\" style=\"left:741px;bottom:485px;letter-spacing:-0.24px;display:inline;\">(832) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t2e_215\" style=\"left:819px;bottom:485px;letter-spacing:-0.2px;display:inline;\">(589) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"t2f_215\" style=\"left:65px;bottom:467px;letter-spacing:-0.21px;word-spacing:-0.16px;display:inline;\">System Fund and reimbursable expenses </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"t2g_215\" style=\"left:654px;bottom:467px;letter-spacing:-0.22px;display:inline;\">(2,441) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t2h_215\" style=\"left:734px;bottom:467px;letter-spacing:-0.26px;display:inline;\">(2,154) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t2i_215\" style=\"left:813px;bottom:467px;letter-spacing:-0.26px;display:inline;\">(1,528) </div></td></tr></table>\n<div class=\"t s9_215\" id=\"t2j_215\" style=\"left:65px;bottom:433px;letter-spacing:-0.06px;word-spacing:-0.07px;display:inline;\">System Fund revenues include: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_215\" id=\"t2k_215\" style=\"left:662px;bottom:411px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"t2m_215\" style=\"left:741px;bottom:411px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"t2o_215\" style=\"left:821px;bottom:411px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_215\" id=\"t2l_215\" style=\"left:671px;bottom:401px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"t2n_215\" style=\"left:749px;bottom:401px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"t2p_215\" style=\"left:827px;bottom:401px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_215\" id=\"t2q_215\" style=\"left:65px;bottom:383px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Assessment fees and contributions received from hotels and other revenues </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"t2r_215\" style=\"left:660px;bottom:383px;letter-spacing:-0.3px;display:inline;\">1,185 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t2s_215\" style=\"left:743px;bottom:383px;letter-spacing:-0.11px;display:inline;\">989 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t2t_215\" style=\"left:824px;bottom:383px;letter-spacing:-0.18px;display:inline;\">727 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_215\" id=\"t2u_215\" style=\"left:65px;bottom:364px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Loyalty programme revenues, net of the cost of point redemptions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"t2v_215\" style=\"left:665px;bottom:364px;letter-spacing:-0.29px;display:inline;\">379 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t2w_215\" style=\"left:745px;bottom:364px;letter-spacing:-0.12px;display:inline;\">228 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t2x_215\" style=\"left:824px;bottom:364px;letter-spacing:-0.17px;display:inline;\">201 </div></td></tr></table>\n<div class=\"t s9_215\" id=\"t2y_215\" style=\"left:65px;bottom:331px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">System Fund expenses include: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_215\" id=\"t2z_215\" style=\"left:662px;bottom:309px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"t31_215\" style=\"left:741px;bottom:309px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"t33_215\" style=\"left:821px;bottom:309px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_215\" id=\"t30_215\" style=\"left:671px;bottom:298px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"t32_215\" style=\"left:749px;bottom:298px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"t34_215\" style=\"left:827px;bottom:298px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t35_215\" style=\"left:65px;bottom:280px;letter-spacing:-0.27px;display:inline;\">Marketing </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"t36_215\" style=\"left:664px;bottom:280px;letter-spacing:-0.18px;display:inline;\">498 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t37_215\" style=\"left:743px;bottom:280px;letter-spacing:-0.14px;display:inline;\">408 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t38_215\" style=\"left:825px;bottom:280px;letter-spacing:-0.38px;display:inline;\">147 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t39_215\" style=\"left:65px;bottom:262px;letter-spacing:-0.18px;word-spacing:-0.18px;display:inline;\">Sta\ufb00 costs </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"t3a_215\" style=\"left:664px;bottom:262px;letter-spacing:-0.16px;display:inline;\">399 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t3b_215\" style=\"left:746px;bottom:262px;letter-spacing:-0.22px;display:inline;\">341 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t3c_215\" style=\"left:821px;bottom:262px;letter-spacing:-0.18px;display:inline;\">304 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t3d_215\" style=\"left:65px;bottom:243px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Depreciation and amortisation </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"t3e_215\" style=\"left:671px;bottom:243px;letter-spacing:-0.15px;display:inline;\">83 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t3f_215\" style=\"left:750px;bottom:243px;letter-spacing:-0.13px;display:inline;\">86 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t3g_215\" style=\"left:828px;bottom:243px;letter-spacing:-0.2px;display:inline;\">94 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t3h_215\" style=\"left:65px;bottom:225px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Impairment loss/(reversal) on trade receivables (note 17) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"t3i_215\" style=\"left:679px;bottom:225px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t3j_215\" style=\"left:758px;bottom:225px;display:inline;\">7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t3k_215\" style=\"left:831px;bottom:225px;letter-spacing:-0.38px;display:inline;\">(6) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t3l_215\" style=\"left:65px;bottom:206px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Other net impairment reversals (note 14) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"t3m_215\" style=\"left:679px;bottom:206px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t3n_215\" style=\"left:758px;bottom:206px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t3o_215\" style=\"left:832px;bottom:206px;letter-spacing:-0.4px;display:inline;\">(3) </div></td></tr></table>\n<div class=\"t sc_215\" id=\"t3p_215\" style=\"left:65px;bottom:31px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\"> </div><div class=\"t m0_215 sd_215\" id=\"t3q_215\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t sc_215\" id=\"t3r_215\" style=\"left:826px;bottom:31px;letter-spacing:0.06px;display:inline;\"></div><div></div><div class=\"t s2_216\" id=\"t3_216\" style=\"left:65px;bottom:1115px;letter-spacing:0.04px;word-spacing:-0.16px;display:inline;\">33. Group companies </div><div class=\"t s3_216\" id=\"t4_216\" style=\"left:65px;bottom:1100px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">In accordance with Section 409 of the Companies Act 2006, a full list of entities in which the Group has an interest of greater than or equal </div><div class=\"t s3_216\" id=\"t5_216\" style=\"left:65px;bottom:1084px;letter-spacing:-0.11px;word-spacing:-0.11px;display:inline;\">to 20%, the registered o\ufb00ice and e</div><div class=\"t s4_216\" id=\"t6_216\" style=\"left:254px;bottom:1084px;letter-spacing:-0.1px;word-spacing:-0.12px;display:inline;\">\ufb00ective percentage of equity owned as at 31 December 2023 are disclosed below. Unless otherwise stated, </div><div class=\"t s5_216\" id=\"t7_216\" style=\"left:65px;bottom:1069px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">the ownership interest disclosed comprises either ordinary shares, certificated or un-certificated membership interests which are indirectly </div><div class=\"t s3_216\" id=\"t8_216\" style=\"left:65px;bottom:1054px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">held by InterContinental Hotels Group PLC. </div><table>\n                                            <tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_216\" id=\"t9_216\" style=\"left:65px;bottom:1023px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">Fully owned subsidiaries </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t28_216\" style=\"left:329px;bottom:1024px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">IHC Inter-Continental (Holdings) Corp. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t47_216\" style=\"left:593px;bottom:1024px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">InterContinental Hotels Group (Greater China) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"ta_216\" style=\"left:65px;bottom:1011px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">10000 Champion Acquisition LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t29_216\" style=\"left:329px;bottom:1011px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">IHC London (Holdings) (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t48_216\" style=\"left:602px;bottom:1011px;letter-spacing:-0.29px;word-spacing:-0.06px;display:inline;\">Limited (ac) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tb_216\" style=\"left:65px;bottom:997px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">24th Street Operator Sub, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2a_216\" style=\"left:329px;bottom:997px;letter-spacing:-0.27px;word-spacing:-0.08px;display:inline;\">IHC May Fair Hotel Limited (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t49_216\" style=\"left:593px;bottom:997px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">InterContinental Hotels Group (India) Private </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tc_216\" style=\"left:65px;bottom:984px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">2250 Blake Street Hotel, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_216\" id=\"t2b_216\" style=\"left:329px;bottom:984px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">IHC M-H (Holdings) Corp. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4a_216\" style=\"left:602px;bottom:984px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Limited (aq) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"td_216\" style=\"left:65px;bottom:971px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">36th Street IHG Sub, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2c_216\" style=\"left:329px;bottom:971px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">IHC Overseas (U.K.) Limited (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4b_216\" style=\"left:593px;bottom:971px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">InterContinental Hotels Group (Japan), Inc. (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"te_216\" style=\"left:65px;bottom:957px;letter-spacing:-0.27px;word-spacing:-0.08px;display:inline;\">426 Main Ave, LLC. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2d_216\" style=\"left:329px;bottom:957px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">IHC United States (Holdings) Corp. (b) (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4c_216\" style=\"left:593px;bottom:957px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">InterContinental Hotels Group (New Zealand) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tf_216\" style=\"left:65px;bottom:944px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">46 Nevins Street Associates, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2e_216\" style=\"left:329px;bottom:944px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">IHC Willard (Holdings) Corp. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4d_216\" style=\"left:602px;bottom:944px;letter-spacing:-0.29px;word-spacing:-0.06px;display:inline;\">Limited (an) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tg_216\" style=\"left:65px;bottom:930px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Alpha Kimball Hotel, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2f_216\" style=\"left:329px;bottom:930px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">IHG 24th Street JV LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4e_216\" style=\"left:593px;bottom:930px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">InterContinental Hotels Group (Shanghai) Ltd. (bb) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_216\" id=\"th_216\" style=\"left:65px;bottom:917px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Asia Pacific Holdings Limited (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2g_216\" style=\"left:329px;bottom:917px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">IHG (Marseille) SAS (x) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4f_216\" style=\"left:593px;bottom:917px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">InterContinental Hotels Group (Vietnam) Company </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"ti_216\" style=\"left:65px;bottom:904px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Barclay Operating Corp. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2h_216\" style=\"left:329px;bottom:904px;letter-spacing:-0.28px;word-spacing:-0.08px;display:inline;\">IHG (Myanmar) Limited (ah) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4g_216\" style=\"left:602px;bottom:904px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">Limited (q) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tj_216\" style=\"left:65px;bottom:890px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">BHMC Canada Inc. (o) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2i_216\" style=\"left:329px;bottom:890px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">IHG (Thailand) Limited (bu) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4h_216\" style=\"left:593px;bottom:890px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">InterContinental Hotels Group Customer Services </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tk_216\" style=\"left:65px;bottom:877px;letter-spacing:-0.29px;word-spacing:-0.06px;display:inline;\">BHR Holdings B.V. (p) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2j_216\" style=\"left:329px;bottom:877px;letter-spacing:-0.25px;word-spacing:-0.13px;display:inline;\">IHG Amsterdam Management BV (p) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4i_216\" style=\"left:602px;bottom:877px;letter-spacing:-0.3px;word-spacing:-0.05px;display:inline;\">Limited (n) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_216\" id=\"tl_216\" style=\"left:65px;bottom:864px;letter-spacing:-0.2px;word-spacing:-0.15px;display:inline;\">BHR Pacific Holdings, Inc. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2k_216\" style=\"left:329px;bottom:864px;letter-spacing:-0.28px;word-spacing:-0.08px;display:inline;\">IHG Bangkok Ltd. (v) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4j_216\" style=\"left:593px;bottom:864px;letter-spacing:-0.43px;word-spacing:-0.13px;display:inline;\">InterContinental Hotels Group do Brasil Limitada (bc) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tm_216\" style=\"left:65px;bottom:850px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">BHTC Canada Inc. (o) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2l_216\" style=\"left:329px;bottom:850px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">IHG Brasil Administracao de Hoteis e Servicos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4k_216\" style=\"left:593px;bottom:850px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">InterContinental Hotels Group Healthcare Trustee </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tn_216\" style=\"left:65px;bottom:837px;letter-spacing:-0.39px;word-spacing:-0.13px;display:inline;\">Blythswood Square Glasgow Hotel OpCo Limited (n) </div></td><td class=\"tcs-selection-enabled tcs-selected\" colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2m_216\" style=\"left:338px;bottom:837px;letter-spacing:-0.29px;word-spacing:-0.05px;display:inline;\">Ltda (ak) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4l_216\" style=\"left:602px;bottom:837px;letter-spacing:-0.3px;word-spacing:-0.05px;display:inline;\">Limited (n) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"to_216\" style=\"left:65px;bottom:823px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">BOC Barclay Sub LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2n_216\" style=\"left:329px;bottom:823px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">IHG Capital Lending LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4m_216\" style=\"left:593px;bottom:823px;letter-spacing:-0.45px;word-spacing:-0.12px;display:inline;\">InterContinental Hotels Group Operating Corp. (e) (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tp_216\" style=\"left:65px;bottom:810px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Bristol Oakbrook Tenant Company (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2o_216\" style=\"left:329px;bottom:810px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">IHG Commissions Services SRL (co) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4n_216\" style=\"left:593px;bottom:810px;letter-spacing:-0.39px;word-spacing:-0.12px;display:inline;\">InterContinental Hotels Group Resources, LLC (b) (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tq_216\" style=\"left:65px;bottom:797px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Cambridge Lodging LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2p_216\" style=\"left:329px;bottom:797px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">IHG de Argentina SA (al) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4o_216\" style=\"left:593px;bottom:797px;letter-spacing:-0.39px;word-spacing:-0.13px;display:inline;\">InterContinental Hotels Group Services Company (n) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tr_216\" style=\"left:65px;bottom:783px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Capital Lodging LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2q_216\" style=\"left:329px;bottom:783px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">IHG ECS (Barbados) SRL (co) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4p_216\" style=\"left:593px;bottom:783px;letter-spacing:-0.22px;word-spacing:-0.12px;display:inline;\">InterContinental Hotels Italia, S.r.L. (be) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"ts_216\" style=\"left:65px;bottom:770px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">CECNY Land Holdings LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2r_216\" style=\"left:329px;bottom:770px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">IHG Finance LLC- Incorporated 19/06/2023 (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4q_216\" style=\"left:593px;bottom:770px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">InterContinental Hotels Limited (a) (n) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tt_216\" style=\"left:65px;bottom:757px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">CF Irving Owner, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2s_216\" style=\"left:329px;bottom:757px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">IHG Franchising Brasil Ltda. (bd) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4r_216\" style=\"left:593px;bottom:757px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">InterContinental Hotels Managementgesellschaft </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tu_216\" style=\"left:65px;bottom:743px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">CF McKinney Owner, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2t_216\" style=\"left:329px;bottom:743px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">IHG Franchising DR Corporation (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4s_216\" style=\"left:602px;bottom:743px;letter-spacing:-0.16px;word-spacing:-0.21px;display:inline;\">mbH (bf) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tv_216\" style=\"left:65px;bottom:730px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Compa\u00f1ia Inter-Continental De Hoteles </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2u_216\" style=\"left:329px;bottom:730px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">IHG Franchising, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4t_216\" style=\"left:593px;bottom:730px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">InterContinental Hotels Management Montenegro </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tw_216\" style=\"left:74px;bottom:717px;letter-spacing:-0.29px;word-spacing:-0.06px;display:inline;\">El Salvador SA (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2v_216\" style=\"left:329px;bottom:717px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">IHG Honduras S. de R.L. (cr) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4u_216\" style=\"left:602px;bottom:717px;letter-spacing:-0.34px;display:inline;\">d.o.o. (ce) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tx_216\" style=\"left:65px;bottom:703px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Crowne Plaza, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2w_216\" style=\"left:329px;bottom:703px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">IHG Hotels (New Zealand) Limited (an) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4v_216\" style=\"left:593px;bottom:703px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">InterContinental Hotels Nevada Corporation (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"ty_216\" style=\"left:65px;bottom:690px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">Cumberland Akers Hotel, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2x_216\" style=\"left:329px;bottom:690px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">IHG Hotels Limited (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4w_216\" style=\"left:593px;bottom:690px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">InterContinental Hotels of San Francisco, Inc. (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tz_216\" style=\"left:65px;bottom:676px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Dunwoody Operations, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2y_216\" style=\"left:329px;bottom:676px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">IHG Hotels Management (Australia) Pty </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4x_216\" style=\"left:593px;bottom:676px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Intercontinental IOHC (Mauritius) Limited (bg) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t10_216\" style=\"left:65px;bottom:663px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Edinburgh George Street Hotel OpCo Limited (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2z_216\" style=\"left:338px;bottom:663px;letter-spacing:-0.29px;word-spacing:-0.05px;display:inline;\">Limited (b) (aa) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4y_216\" style=\"left:593px;bottom:663px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">InterContinental Management AM, LLC (cm) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t11_216\" style=\"left:65px;bottom:650px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">EVEN Real Estate Holding LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t30_216\" style=\"left:329px;bottom:650px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">IHG Hotels Nigeria Limited (ao) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4z_216\" style=\"left:593px;bottom:650px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">InterContinental Management Bulgaria EOOD (bp) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t12_216\" style=\"left:65px;bottom:636px;letter-spacing:-0.22px;word-spacing:-0.3px;display:inline;\">General Innkeeping Acceptance Corporation (b) (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t31_216\" style=\"left:329px;bottom:636px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">IHG Hotels South Africa (Pty) Limited (ap) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t50_216\" style=\"left:593px;bottom:636px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">InterContinental Management France SAS (x) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t13_216\" style=\"left:65px;bottom:623px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Grand Central Glasgow Hotel OpCo Limited (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t32_216\" style=\"left:329px;bottom:623px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">IHG International Partnership (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t51_216\" style=\"left:593px;bottom:623px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">InterContinental Management Poland sp. Z.o.o (cn) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t14_216\" style=\"left:65px;bottom:610px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Guangzhou SC Hotels Services Ltd. (t) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t33_216\" style=\"left:329px;bottom:610px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">IHG Istanbul Otel Y\u00f6netim Limited Sirketi (bx) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t52_216\" style=\"left:593px;bottom:610px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">InterContinental Overseas Holdings, LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t15_216\" style=\"left:65px;bottom:596px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Hawthorne Land Holdings LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t34_216\" style=\"left:329px;bottom:596px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">IHG Japan (Management), LLC (ar) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_216\" id=\"t53_216\" style=\"left:593px;bottom:596px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">KG Benefits, LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t16_216\" style=\"left:65px;bottom:583px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">HC International Holdings, Inc. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t35_216\" style=\"left:329px;bottom:583px;letter-spacing:-0.28px;word-spacing:-0.08px;display:inline;\">IHG Japan (Osaka), LLC (ar) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t54_216\" style=\"left:593px;bottom:583px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">KG Gift Card Inc. (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t17_216\" style=\"left:65px;bottom:569px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">HH France Holdings SAS (x) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t36_216\" style=\"left:329px;bottom:569px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">IHG Management (Maryland), LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t55_216\" style=\"left:593px;bottom:569px;letter-spacing:-0.25px;word-spacing:-0.09px;display:inline;\">KG Liability LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t18_216\" style=\"left:65px;bottom:556px;letter-spacing:-0.29px;word-spacing:-0.07px;display:inline;\">HH Hotels (EMEA) B.V. (p) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t37_216\" style=\"left:329px;bottom:556px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">IHG Management (Netherlands) B.V. (p) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t56_216\" style=\"left:593px;bottom:556px;letter-spacing:-0.32px;word-spacing:-0.04px;display:inline;\">KG Technology, LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t19_216\" style=\"left:65px;bottom:543px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">HH Hotels (Romania) SRL (y) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t38_216\" style=\"left:329px;bottom:543px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">IHG Management d.o.o. Beograd (cc) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t57_216\" style=\"left:593px;bottom:543px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">KHRG 851 LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1a_216\" style=\"left:65px;bottom:529px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">HIM (Aruba) NV (z) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t39_216\" style=\"left:329px;bottom:529px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">IHG Management MD Barclay Sub, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t58_216\" style=\"left:593px;bottom:529px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">KHRG Aertson LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1b_216\" style=\"left:65px;bottom:516px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Hoft Properties LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3a_216\" style=\"left:329px;bottom:516px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">IHG Management SL d.o.o. (bo) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t59_216\" style=\"left:593px;bottom:516px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">KHRG Allegro, LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1c_216\" style=\"left:65px;bottom:503px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Holiday Hospitality Franchising, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3b_216\" style=\"left:329px;bottom:503px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">IHG Mexico Operaciones SA de CV (ab) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5a_216\" style=\"left:593px;bottom:503px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">KHRG Argyle, LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1d_216\" style=\"left:65px;bottom:489px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Holiday Inn Mexicana S.A. (ab) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3c_216\" style=\"left:329px;bottom:489px;letter-spacing:-0.43px;word-spacing:-0.15px;display:inline;\">IHG Middle East Management Consultancies LLC (br) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5b_216\" style=\"left:593px;bottom:489px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">KHRG Atlanta Midtown LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1e_216\" style=\"left:65px;bottom:476px;letter-spacing:-0.27px;word-spacing:-0.08px;display:inline;\">Holiday Inns (China) Limited (ac) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3d_216\" style=\"left:329px;bottom:476px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">IHG Peru SRL (cf) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5c_216\" style=\"left:593px;bottom:476px;letter-spacing:-0.27px;word-spacing:-0.1px;display:inline;\">KHRG Austin Beverage Company, LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1f_216\" style=\"left:65px;bottom:463px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Holiday Inns (Courtalin) Holding SAS (x) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3e_216\" style=\"left:329px;bottom:463px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">IHG PS Nominees Limited (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5d_216\" style=\"left:593px;bottom:463px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">KHRG Baltimore, LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1g_216\" style=\"left:65px;bottom:449px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Holiday Inns (Courtalin) SAS (x) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3f_216\" style=\"left:329px;bottom:449px;letter-spacing:-0.29px;word-spacing:-0.08px;display:inline;\">IHG Sermex SA de CV (ab) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5e_216\" style=\"left:593px;bottom:449px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">KHRG Born LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1h_216\" style=\"left:65px;bottom:436px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">Holiday Inns (Germany), LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3g_216\" style=\"left:329px;bottom:436px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">IHG Systems Pty Ltd. (b) (aa) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5f_216\" style=\"left:593px;bottom:436px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">KHRG Boston Hotel, LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1i_216\" style=\"left:65px;bottom:422px;letter-spacing:-0.23px;word-spacing:-0.11px;display:inline;\">Holiday Inns (Jamaica), Inc. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3h_216\" style=\"left:329px;bottom:422px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">IHG Szalloda Budapest Szolgaltato Kft. (at) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5g_216\" style=\"left:593px;bottom:422px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">KHRG Bozeman LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1j_216\" style=\"left:65px;bottom:409px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Holiday Inns (Middle East) Limited (ac) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3i_216\" style=\"left:329px;bottom:409px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">IHG Technology Solutions, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5h_216\" style=\"left:593px;bottom:409px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">KHRG Buckhead LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1k_216\" style=\"left:65px;bottom:396px;letter-spacing:-0.23px;word-spacing:-0.11px;display:inline;\">Holiday Inns (Philippines), Inc. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3j_216\" style=\"left:329px;bottom:396px;letter-spacing:-0.39px;word-spacing:-0.13px;display:inline;\">InterContinental Berlin Service Company GmbH (au) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5i_216\" style=\"left:593px;bottom:396px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">KHRG Canary LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1l_216\" style=\"left:65px;bottom:382px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Holiday Inns (Saudi Arabia), Inc. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3k_216\" style=\"left:329px;bottom:382px;letter-spacing:-0.25px;word-spacing:-0.09px;display:inline;\">InterContinental (PB) 1 (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5j_216\" style=\"left:593px;bottom:382px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">KHRG Cayman LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1m_216\" style=\"left:65px;bottom:369px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Holiday Inns (Thailand) Limited (ac) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3l_216\" style=\"left:329px;bottom:369px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">InterContinental (PB) 3 Limited (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5k_216\" style=\"left:593px;bottom:369px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">KHRG Cayman Employer Ltd. (cl) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1n_216\" style=\"left:65px;bottom:356px;letter-spacing:-0.23px;word-spacing:-0.11px;display:inline;\">Holiday Inns (U.K.), Inc. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3m_216\" style=\"left:329px;bottom:356px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Intercontinental D.C. Operating Corp. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5l_216\" style=\"left:593px;bottom:356px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">KHRG Charlottesville LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1o_216\" style=\"left:65px;bottom:342px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Holiday Inns Crowne Plaza (Hong Kong), Inc. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3n_216\" style=\"left:329px;bottom:342px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Inter-Continental Florida Partner Corp. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5m_216\" style=\"left:593px;bottom:342px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">KHRG Dallas LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1p_216\" style=\"left:65px;bottom:329px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Holiday Inns Holdings (Australia) Pty Limited (aa) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3o_216\" style=\"left:329px;bottom:329px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">InterContinental Gestion Hotelera SLU (by) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5n_216\" style=\"left:593px;bottom:329px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">KHRG Dallas Beverage Company, LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1q_216\" style=\"left:65px;bottom:315px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Holiday Inns, Inc. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3p_216\" style=\"left:329px;bottom:315px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Intercontinental Hospitality Corporation (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5o_216\" style=\"left:593px;bottom:315px;letter-spacing:-0.29px;word-spacing:-0.08px;display:inline;\">KHRG Employer, LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1r_216\" style=\"left:65px;bottom:302px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Holiday Inns Investment (Nepal) Limited (ac) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3q_216\" style=\"left:329px;bottom:302px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">InterContinental Hotel Berlin GmbH (au) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_216\" id=\"t5p_216\" style=\"left:593px;bottom:302px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">SS Aetna Acquisition, LLC fka KHRG Goleta, LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1s_216\" style=\"left:65px;bottom:289px;letter-spacing:-0.28px;word-spacing:-0.07px;display:inline;\">Holiday Inns of Belgium N.V. (ad) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3r_216\" style=\"left:329px;bottom:289px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Inter-Continental Hoteleira Limitada (aw) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5q_216\" style=\"left:593px;bottom:289px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">KHRG Gray LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_216\" id=\"t1t_216\" style=\"left:65px;bottom:275px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Holiday Pacific Equity Corporation (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3s_216\" style=\"left:329px;bottom:275px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Inter-Continental Hotels (Montreal) Operating </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5r_216\" style=\"left:593px;bottom:275px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">KHRG Gray U2 LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_216\" id=\"t1u_216\" style=\"left:65px;bottom:262px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Holiday Pacific Limited Liability Company (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3t_216\" style=\"left:338px;bottom:262px;letter-spacing:-0.27px;word-spacing:-0.08px;display:inline;\">Corp. (ax) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5s_216\" style=\"left:593px;bottom:262px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">KHRG Huntington Beach LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_216\" id=\"t1v_216\" style=\"left:65px;bottom:249px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Holiday Pacific Partners Limited Partnership (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3u_216\" style=\"left:329px;bottom:249px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Inter-Continental Hotels (Montreal) Owning </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5t_216\" style=\"left:593px;bottom:249px;letter-spacing:-0.28px;word-spacing:-0.09px;display:inline;\">KHRG Key West LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1w_216\" style=\"left:65px;bottom:235px;letter-spacing:-0.4px;word-spacing:-0.11px;display:inline;\">Hotel InterContinental London (Holdings) Limited (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3v_216\" style=\"left:338px;bottom:235px;letter-spacing:-0.27px;word-spacing:-0.08px;display:inline;\">Corp. (ax) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5u_216\" style=\"left:593px;bottom:235px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">KHRG King Street, LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1x_216\" style=\"left:65px;bottom:222px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Hotel Inter-Continental London Limited (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3w_216\" style=\"left:329px;bottom:222px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">InterContinental Hotels (Puerto Rico) Inc. (az) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5v_216\" style=\"left:593px;bottom:222px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">KHRG La Peer LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1y_216\" style=\"left:65px;bottom:209px;letter-spacing:-0.28px;word-spacing:-0.08px;display:inline;\">Hoteles Y Turismo HIH SRL (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3x_216\" style=\"left:329px;bottom:209px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Inter-Continental Hotels Corporation (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5w_216\" style=\"left:593px;bottom:209px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">KHRG Miami Beach LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1z_216\" style=\"left:65px;bottom:195px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">IC Hotelbetriebsf\u00fchrungs GmbH (ae) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3y_216\" style=\"left:329px;bottom:195px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Intercontinental Hotels Corporation de Venezuela </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5x_216\" style=\"left:593px;bottom:195px;letter-spacing:-0.24px;word-spacing:-0.14px;display:inline;\">KHRG Muse LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t20_216\" style=\"left:65px;bottom:182px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">IC Hotels Management (Portugal) Unipessoal, </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3z_216\" style=\"left:338px;bottom:182px;letter-spacing:-0.17px;word-spacing:-0.18px;display:inline;\">C.A. (ba) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5y_216\" style=\"left:593px;bottom:182px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">KHRG New Orleans LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t21_216\" style=\"left:74px;bottom:168px;letter-spacing:-0.22px;word-spacing:-0.12px;display:inline;\">Lda (af) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t40_216\" style=\"left:329px;bottom:168px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Intercontinental Hotels Corporation Limited (b) (m) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5z_216\" style=\"left:593px;bottom:168px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">KHRG NPC LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t22_216\" style=\"left:65px;bottom:155px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">IC International Hotels Limited Liability </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_216\" id=\"t41_216\" style=\"left:329px;bottom:155px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">InterContinental Hotels Group (Asia Pacific) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t60_216\" style=\"left:593px;bottom:155px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">KHRG Palladian LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t23_216\" style=\"left:74px;bottom:142px;letter-spacing:-0.29px;word-spacing:-0.09px;display:inline;\">Company (ag) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t42_216\" style=\"left:338px;bottom:142px;letter-spacing:-0.27px;word-spacing:-0.07px;display:inline;\">Pte Ltd. (ai) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t61_216\" style=\"left:593px;bottom:142px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">KHRG Palomar Phoenix LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t24_216\" style=\"left:65px;bottom:128px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">IHC Arabia for Management, LLC (u) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t43_216\" style=\"left:329px;bottom:128px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">InterContinental Hotels Group (Australia) Pty </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t62_216\" style=\"left:593px;bottom:128px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">KHRG Philly Monaco LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t25_216\" style=\"left:65px;bottom:115px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">IHC Buckhead, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t44_216\" style=\"left:338px;bottom:115px;letter-spacing:-0.29px;word-spacing:-0.06px;display:inline;\">Limited (aa) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t63_216\" style=\"left:593px;bottom:115px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">KHRG Pittsburgh LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t26_216\" style=\"left:65px;bottom:102px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">IHC Hopkins (Holdings) Corp. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t45_216\" style=\"left:329px;bottom:102px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">InterContinental Hotels Group (Canada), Inc. (o) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t64_216\" style=\"left:593px;bottom:102px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">KHRG Porsche Drive LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t27_216\" style=\"left:65px;bottom:88px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">IHC Hotel Limited (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t46_216\" style=\"left:329px;bottom:88px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">InterContinental Hotels Group (Espa\u00f1a) SAU (by) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t65_216\" style=\"left:593px;bottom:88px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">KHRG Reynolds LLC (k) </div></td></tr>\n                                        </table><div class=\"t s6_216\" id=\"t66_216\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t sa_216\" id=\"t67_216\" style=\"left:65px;bottom:31px;letter-spacing:-0.01px;display:inline;\"></div><div></div><table>\n                                            <tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3_217\" style=\"left:65px;bottom:1100px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">KHRG Riverplace LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t28_217\" style=\"left:329px;bottom:1100px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Sustainable Luxury UK Limited (n) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4_217\" style=\"left:65px;bottom:1087px;letter-spacing:-0.25px;word-spacing:-0.13px;display:inline;\">KHRG Sacramento LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t29_217\" style=\"left:329px;bottom:1087px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">The Grand Central Hotel Glasgow Limited (ct) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t5_217\" style=\"left:65px;bottom:1074px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">KHRG Schofield LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2a_217\" style=\"left:329px;bottom:1074px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">The Met Hotel Leeds Limited (ct) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t6_217\" style=\"left:65px;bottom:1060px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">KHRG SFD LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2b_217\" style=\"left:329px;bottom:1060px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">The Principal Edinburgh George Street Limited (ct) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t7_217\" style=\"left:65px;bottom:1047px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">KHRG SF Wharf LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2c_217\" style=\"left:329px;bottom:1047px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">The Principal London Limited (ct) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t8_217\" style=\"left:65px;bottom:1034px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">KHRG SF Wharf U2 LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2d_217\" style=\"left:329px;bottom:1034px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">The Principal Manchester Limited (ct) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t9_217\" style=\"left:65px;bottom:1020px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">KHRG South Beach LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2e_217\" style=\"left:329px;bottom:1020px;letter-spacing:-0.27px;word-spacing:-0.08px;display:inline;\">The Principal York Limited (ct) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"ta_217\" style=\"left:65px;bottom:1007px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">KHRG State Street LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2f_217\" style=\"left:329px;bottom:1007px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">The Roxburghe Hotel Edinburgh Limited (s) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tb_217\" style=\"left:65px;bottom:993px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">KHRG Sutter LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2g_217\" style=\"left:329px;bottom:993px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">White Shield Company Limited (bk) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tc_217\" style=\"left:65px;bottom:980px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">KHRG Sutter Union LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2h_217\" style=\"left:329px;bottom:980px;letter-spacing:-0.3px;word-spacing:-0.11px;display:inline;\">World Trade Centre Montreal Hotel Corporation (bl) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"td_217\" style=\"left:65px;bottom:967px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">KHRG Taconic LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2i_217\" style=\"left:329px;bottom:967px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">Wotton House Hotel OpCo Limited (n) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"te_217\" style=\"left:65px;bottom:953px;letter-spacing:-0.28px;word-spacing:-0.08px;display:inline;\">KHRG Tari\ufb00 LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2j_217\" style=\"left:329px;bottom:953px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">WY BLL Owner, LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tf_217\" style=\"left:65px;bottom:940px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">KHRG Texas Hospitality, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2k_217\" style=\"left:329px;bottom:940px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">York Station Road Hotel OpCo Limited (n) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tg_217\" style=\"left:65px;bottom:927px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">KHRG Texas Operations, LLC (k) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"th_217\" style=\"left:65px;bottom:913px;letter-spacing:-0.28px;word-spacing:-0.08px;display:inline;\">KHRG Tryon LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_217\" id=\"t2l_217\" style=\"left:329px;bottom:912px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">Subsidiaries where the e\ufb00ective interest </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"ti_217\" style=\"left:65px;bottom:900px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">KHRG Vero Beach, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_217\" id=\"t2m_217\" style=\"left:329px;bottom:897px;letter-spacing:0.02px;word-spacing:-0.16px;display:inline;\">is less than 100% </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tj_217\" style=\"left:65px;bottom:886px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">KHRG Vintage Park LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2n_217\" style=\"left:329px;bottom:884px;letter-spacing:-0.27px;word-spacing:-0.1px;display:inline;\">IHG ANA Hotels Group Japan LLC (74.66%) (ar) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tk_217\" style=\"left:65px;bottom:873px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">KHRG VZ Austin LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2o_217\" style=\"left:329px;bottom:871px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">IHG ANA Hotels Holdings Co., Ltd. (66%) (ar) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tl_217\" style=\"left:65px;bottom:860px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">KHRG Wabash LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2p_217\" style=\"left:329px;bottom:857px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Regent Hospitality Worldwide, Inc. (51%) (bt) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tm_217\" style=\"left:65px;bottom:846px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">KHRG Westwood, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2q_217\" style=\"left:329px;bottom:844px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Sustainable Luxury Holding (Thailand) Limited </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tn_217\" style=\"left:65px;bottom:833px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">KHRG Wilshire LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2r_217\" style=\"left:338px;bottom:831px;letter-spacing:-0.29px;word-spacing:-0.04px;display:inline;\">(49%) (c) (j) (aj) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"to_217\" style=\"left:65px;bottom:820px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Kimpton Hollywood Licenses LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2s_217\" style=\"left:329px;bottom:817px;letter-spacing:-0.2px;word-spacing:-0.15px;display:inline;\">Sustainable Luxury Hospitality (Thailand) Limited </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tp_217\" style=\"left:65px;bottom:806px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Kimpton Hotel &amp; Restaurant Group, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2t_217\" style=\"left:338px;bottom:804px;letter-spacing:-0.23px;word-spacing:-0.09px;display:inline;\">(73.99%) (c) (j) (aj) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"tq_217\" style=\"left:65px;bottom:793px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Kimpton Hotel Frankfurt GmbH (bf) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2u_217\" style=\"left:329px;bottom:791px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">Sustainable Luxury Management (Thailand) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tr_217\" style=\"left:65px;bottom:780px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Kimpton Phoenix Licenses Holdings LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2v_217\" style=\"left:338px;bottom:777px;letter-spacing:-0.24px;word-spacing:-0.1px;display:inline;\">Limited (73.99%) (c) (j) (aj) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"ts_217\" style=\"left:65px;bottom:766px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Louisiana Acquisitions Corp. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2w_217\" style=\"left:329px;bottom:764px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Sustainable Luxury Operations (Thailand) Limited </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tt_217\" style=\"left:65px;bottom:753px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Luxury Resorts and Spas (France) SAS (ck) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2x_217\" style=\"left:338px;bottom:751px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">(99.9998%) (j) (aj) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"tu_217\" style=\"left:65px;bottom:739px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Manchester Oxford Street Hotel OpCo Limited (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2y_217\" style=\"left:329px;bottom:737px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Universal de Hoteles SA (99.99%) (j) (bj) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tv_217\" style=\"left:65px;bottom:726px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Mercer Fairview Holdings LLC (k) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tw_217\" style=\"left:65px;bottom:713px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Met Leeds Hotel OpCo Limited (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_217\" id=\"t2z_217\" style=\"left:329px;bottom:709px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">Associates, joint ventures and other </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tx_217\" style=\"left:65px;bottom:699px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">MH Lodging LLC (k) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t30_217\" style=\"left:329px;bottom:697px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">111 East 48th Street Holdings LLC (19.9%) (g) (h) (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"ty_217\" style=\"left:65px;bottom:686px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Oxford Spires Hotel OpCo Limited (n) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t31_217\" style=\"left:329px;bottom:683px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Alkoer, Sociedad de Responsabilidad Limitada de </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"tz_217\" style=\"left:65px;bottom:673px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">Oxford Thames Hotel OpCo Limited (n) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t32_217\" style=\"left:338px;bottom:670px;letter-spacing:-0.27px;word-spacing:-0.08px;display:inline;\">Capital Variable (50%) (h) (cg) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t10_217\" style=\"left:65px;bottom:659px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">PML Services LLC (k) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t33_217\" style=\"left:329px;bottom:657px;letter-spacing:-0.33px;word-spacing:-0.04px;display:inline;\">ASR-JV One, LLC</div><div class=\"t s3_217\" id=\"t34_217\" style=\"left:412px;bottom:657px;letter-spacing:-0.29px;word-spacing:-0.04px;display:inline;\">- (0%) (d) (h) (l) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t11_217\" style=\"left:65px;bottom:646px;letter-spacing:-0.27px;word-spacing:-0.08px;display:inline;\">Pollstrong Limited (n) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"> <div class=\"t s2_217\" id=\"t35_217\" style=\"left:329px;bottom:643px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Beijing Orient Express Hotel Co., Ltd. (16.25%) (bm) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t12_217\" style=\"left:65px;bottom:632px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Powell Pine, Inc. (k) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t36_217\" style=\"left:329px;bottom:630px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Blue Blood (Tianjin) Equity Investment </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t13_217\" style=\"left:65px;bottom:619px;letter-spacing:-0.25px;word-spacing:-0.09px;display:inline;\">Priscilla Holiday of Texas, Inc. (k) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t37_217\" style=\"left:338px;bottom:616px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">Management Co., Limited (30.05%) (bn) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t14_217\" style=\"left:65px;bottom:606px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">PT Regent Indonesia (bh) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t38_217\" style=\"left:329px;bottom:603px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">Carr Clark SWW Subventure, LLC (26.67%) (g) (ca) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t15_217\" style=\"left:65px;bottom:592px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">PT SC Hotels &amp; Resorts Indonesia (bh) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t39_217\" style=\"left:329px;bottom:590px;letter-spacing:-0.29px;word-spacing:-0.06px;display:inline;\">Carr Waterfront Hotel, LLC (11.73%) (g) (h) (ca) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t16_217\" style=\"left:65px;bottom:579px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Raison d\u2019Etre Holdings (BVI) Limited (v) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3a_217\" style=\"left:329px;bottom:576px;letter-spacing:-0.28px;word-spacing:-0.08px;display:inline;\">China Hotel Investment Ltd. (30.05%) (i) (am) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t17_217\" style=\"left:65px;bottom:566px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Raison d\u2019Etre Spas, Sweden AB (av) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3b_217\" style=\"left:329px;bottom:563px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Desarrollo Alkoer Irapuato S. de R.L. de C.V. </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t18_217\" style=\"left:65px;bottom:552px;letter-spacing:-0.34px;word-spacing:-0.13px;display:inline;\">Regent Asia Pacific Hotel Management Limited (bw) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3c_217\" style=\"left:338px;bottom:550px;letter-spacing:-0.32px;word-spacing:-0.04px;display:inline;\">(50%) (cg) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t19_217\" style=\"left:65px;bottom:539px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Regent Asia Pacific Management Limited (cp) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3d_217\" style=\"left:329px;bottom:536px;letter-spacing:-0.24px;word-spacing:-0.1px;display:inline;\">Desarrollo Alkoer Saltillo S. de R.L. de C.V. </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1a_217\" style=\"left:65px;bottom:526px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Regent Berlin GmbH (cq) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3e_217\" style=\"left:338px;bottom:523px;letter-spacing:-0.32px;word-spacing:-0.04px;display:inline;\">(50%) (cg) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1b_217\" style=\"left:65px;bottom:512px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Regent International Hotels Ltd (bw) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3f_217\" style=\"left:329px;bottom:510px;letter-spacing:-0.26px;word-spacing:-0.08px;display:inline;\">Desarrollo Alkoer Silao S. de R.L. de C.V. (50%) (cg) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1c_217\" style=\"left:65px;bottom:499px;letter-spacing:-0.27px;word-spacing:-0.1px;display:inline;\">Roxburghe Hotel Edinburgh OpCo Limited (n) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3g_217\" style=\"left:329px;bottom:496px;letter-spacing:-0.28px;word-spacing:-0.07px;display:inline;\">EDG Alpharetta EH, LLC (0%) (d) (h) (r) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1d_217\" style=\"left:65px;bottom:485px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Russell London Hotel OpCo Limited (n) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3h_217\" style=\"left:329px;bottom:483px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Gestion Hotelera Gestel, C.A. (50%) (c) (h) (ba) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1e_217\" style=\"left:65px;bottom:472px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">SBS Maryland Beverage Company LLC (k) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3i_217\" style=\"left:329px;bottom:469px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Groups360, LLC (11.83%) (h) (l) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1f_217\" style=\"left:65px;bottom:459px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">SC Hotels International Services, Inc. (k) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t3j_217\" style=\"left:329px;bottom:456px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Inter-Continental Hotels Saudi Arabia Ltd. </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1g_217\" style=\"left:65px;bottom:445px;letter-spacing:-0.27px;word-spacing:-0.08px;display:inline;\">SC Leisure Group Limited (n) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3k_217\" style=\"left:338px;bottom:443px;letter-spacing:-0.3px;word-spacing:-0.05px;display:inline;\">(40%) (bs) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1h_217\" style=\"left:65px;bottom:432px;letter-spacing:-0.3px;word-spacing:-0.06px;display:inline;\">SC NAS 2 Limited (n) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3l_217\" style=\"left:329px;bottom:429px;letter-spacing:-0.26px;word-spacing:-0.08px;display:inline;\">NF III Seattle, LLC (25%) (g) (r) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1i_217\" style=\"left:65px;bottom:419px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">SC Quest Limited (n) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3m_217\" style=\"left:329px;bottom:416px;letter-spacing:-0.26px;word-spacing:-0.08px;display:inline;\">NF III Seattle Op Co, LLC (25%) (g) (r) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1j_217\" style=\"left:65px;bottom:405px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">SC Reservations (Philippines) Inc. (k) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3n_217\" style=\"left:329px;bottom:403px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Nuevas Fronteras S.A. (23.66%) (cd) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1k_217\" style=\"left:65px;bottom:392px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">SCH Insurance Company (bi) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3o_217\" style=\"left:329px;bottom:389px;letter-spacing:-0.28px;word-spacing:-0.08px;display:inline;\">President Hotel &amp; Tower Co Ltd. (30%) (bu) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t1l_217\" style=\"left:65px;bottom:379px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Semiramis for training of Hotel Personnel and </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3p_217\" style=\"left:329px;bottom:376px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Shanghai Yuhuan Industrial Development Co., Ltd. </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1m_217\" style=\"left:74px;bottom:365px;letter-spacing:-0.27px;word-spacing:-0.1px;display:inline;\">Hotel Management SAE (ch) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3q_217\" style=\"left:338px;bottom:362px;letter-spacing:-0.34px;word-spacing:0.01px;display:inline;\">(1%) (cj) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1n_217\" style=\"left:65px;bottom:352px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Six Continents Holdings Limited (n) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3r_217\" style=\"left:329px;bottom:349px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Sustainable Luxury Gravity Global Private Limited </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1o_217\" style=\"left:65px;bottom:338px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Six Continents Hotels Belize Limited (cb) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3s_217\" style=\"left:338px;bottom:336px;letter-spacing:-0.31px;word-spacing:-0.03px;display:inline;\">(51%) (h) (bz) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1p_217\" style=\"left:65px;bottom:325px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Six Continents Hotels de Colombia SA (bj) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3t_217\" style=\"left:329px;bottom:322px;letter-spacing:-0.27px;word-spacing:-0.08px;display:inline;\">SURF-Samui Pte. Ltd. (49%) (ay) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1q_217\" style=\"left:65px;bottom:312px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Six Continents Hotels International Limited (n) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3u_217\" style=\"left:329px;bottom:309px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Tianjin ICBCI IHG Equity Investment Fund </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1r_217\" style=\"left:65px;bottom:298px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Six Continents Hotels, Inc. (k) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3v_217\" style=\"left:338px;bottom:296px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Management Co., Limited (21.04%) (bv) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1s_217\" style=\"left:65px;bottom:285px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">Six Continents International Holdings B.V. (p) </div></td><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t1t_217\" style=\"left:65px;bottom:272px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Six Continents Investments Limited (f) (n) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1u_217\" style=\"left:65px;bottom:258px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">Six Continents Limited (n) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1v_217\" style=\"left:65px;bottom:245px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Six Continents Overseas Holdings Limited (n) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1w_217\" style=\"left:65px;bottom:231px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">SixCo North America, Inc (k) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1x_217\" style=\"left:65px;bottom:218px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">Six Senses Americas IP, LLC (k) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1y_217\" style=\"left:65px;bottom:205px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Six Senses North America Management, LLC (k) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1z_217\" style=\"left:65px;bottom:191px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">SLC Sustainable Luxury Cyprus Limited (cs) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t20_217\" style=\"left:65px;bottom:178px;letter-spacing:-0.22px;word-spacing:-0.16px;display:inline;\">SPHC Management Ltd. (bq) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t21_217\" style=\"left:65px;bottom:165px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">St. David\u2019s Cardi\ufb00 Hotel OpCo Limited (n) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t22_217\" style=\"left:65px;bottom:151px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Sustainable Luxury Holdings (BVI) Limited (v) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t23_217\" style=\"left:65px;bottom:138px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Sustainable Luxury Lanka Private Ltd (ci) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t24_217\" style=\"left:65px;bottom:125px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Sustainable Luxury Maldives Private Limited (w) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t25_217\" style=\"left:65px;bottom:111px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Sustainable Luxury Mauritius Limited (as) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t26_217\" style=\"left:65px;bottom:98px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Sustainable Luxury Services (BVI) Limited (v) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t27_217\" style=\"left:65px;bottom:84px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Sustainable Luxury Singapore Private Limited (ai) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr>\n                                        </table><table>\n                                            <tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_217\" id=\"t3w_217\" style=\"left:606px;bottom:1093px;letter-spacing:-0.28px;display:inline;\">Key </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3x_217\" style=\"left:606px;bottom:1081px;letter-spacing:-0.48px;display:inline;\">(a) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3y_217\" style=\"left:637px;bottom:1081px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Directly owned by InterContinental </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3z_217\" style=\"left:637px;bottom:1067px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">Hotels Group PLC </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t40_217\" style=\"left:606px;bottom:1054px;letter-spacing:-0.29px;display:inline;\">(b) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t41_217\" style=\"left:637px;bottom:1054px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Ordinary shares and preference shares </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t42_217\" style=\"left:606px;bottom:1040px;letter-spacing:-0.5px;display:inline;\">(c) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t43_217\" style=\"left:637px;bottom:1040px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Ordinary A and ordinary B shares </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t44_217\" style=\"left:606px;bottom:1027px;letter-spacing:-0.3px;display:inline;\">(d) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t45_217\" style=\"left:637px;bottom:1027px;letter-spacing:-0.24px;word-spacing:-0.14px;display:inline;\">12.5%/8% cumulative preference shares </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t46_217\" style=\"left:606px;bottom:1014px;letter-spacing:-0.47px;display:inline;\">(e) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t47_217\" style=\"left:637px;bottom:1014px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">\u00bc vote ordinary shares and </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t48_217\" style=\"left:637px;bottom:1000px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">ordinary shares </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t49_217\" style=\"left:606px;bottom:987px;letter-spacing:-0.11px;display:inline;\">(f) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4a_217\" style=\"left:637px;bottom:987px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Ordinary shares, 5% cumulative </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t4b_217\" style=\"left:637px;bottom:974px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">preference shares and 7% cumulative </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t4c_217\" style=\"left:637px;bottom:960px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">preference shares </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4d_217\" style=\"left:606px;bottom:947px;letter-spacing:-0.27px;display:inline;\">(g) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4e_217\" style=\"left:637px;bottom:947px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">The entities do not have share capital </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4f_217\" style=\"left:637px;bottom:934px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">and are governed by an operating </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4g_217\" style=\"left:637px;bottom:920px;letter-spacing:-0.23px;display:inline;\">agreement </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4h_217\" style=\"left:606px;bottom:907px;letter-spacing:-0.29px;display:inline;\">(h) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t4i_217\" style=\"left:637px;bottom:907px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Accounted for as associates and joint </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t4j_217\" style=\"left:637px;bottom:893px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">ventures due to IHG\u2019s decision-making </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4k_217\" style=\"left:637px;bottom:880px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">rights contained in the partnership </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4l_217\" style=\"left:637px;bottom:867px;letter-spacing:-0.23px;display:inline;\">agreement </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4m_217\" style=\"left:606px;bottom:853px;letter-spacing:-0.2px;display:inline;\">(i) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t4n_217\" style=\"left:637px;bottom:853px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Accounted for as an other </div> <div class=\"t s2_217\" id=\"t4o_217\" style=\"left:767px;bottom:853px;letter-spacing:-0.17px;display:inline;\">financial </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4p_217\" style=\"left:637px;bottom:840px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">asset due to IHG being unable to </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4q_217\" style=\"left:637px;bottom:827px;letter-spacing:-0.22px;word-spacing:-0.12px;display:inline;\">exercise significant influence over the </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4r_217\" style=\"left:637px;bottom:813px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">financial and operating policy </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t4s_217\" style=\"left:637px;bottom:800px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">decisions of the entity </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4t_217\" style=\"left:606px;bottom:786px;letter-spacing:0.06px;display:inline;\">(j) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4u_217\" style=\"left:637px;bottom:786px;letter-spacing:-0.23px;word-spacing:-0.11px;display:inline;\">Minority interest relates to one or more </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4v_217\" style=\"left:637px;bottom:773px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">individual shareholders who are </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4w_217\" style=\"left:637px;bottom:760px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">employed or were previously employed </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4x_217\" style=\"left:637px;bottom:746px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">by the entity </div></td></tr>\n                                        </table><div class=\"t s5_217\" id=\"t4y_217\" style=\"left:65px;bottom:31px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\"> </div><div class=\"t m0_217 s6_217\" id=\"t4z_217\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t s5_217\" id=\"t50_217\" style=\"left:826px;bottom:31px;letter-spacing:0.1px;display:inline;\"></div><div></div><table>\n                                            <tr><td class=\"tcs-selection-enabled\" colspan=\"2\" rowspan=\"1\" style=\"text-align: left;\"><div class=\"t s2_218\" id=\"t3_218\" style=\"left:65px;bottom:1100px;letter-spacing:0.04px;word-spacing:-0.17px;display:inline;\">Registered addresses </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t33_218\" style=\"left:329px;bottom:1100px;letter-spacing:-0.38px;display:inline;\">(ar) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t34_218\" style=\"left:359px;bottom:1100px;letter-spacing:-0.31px;word-spacing:-0.04px;display:inline;\">20th Floor, Toranomon Kotoshira Tower, 2-8, </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t63_218\" style=\"left:593px;bottom:1100px;letter-spacing:-0.23px;display:inline;\">(bx) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t64_218\" style=\"left:624px;bottom:1100px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Maslak Mah. Eski B\u00fcy\u00fckdere Cad. Orjin </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4_218\" style=\"left:65px;bottom:1087px;letter-spacing:-0.13px;display:inline;\">(k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5_218\" style=\"left:95px;bottom:1087px;letter-spacing:-0.25px;word-spacing:-0.09px;display:inline;\">Three Ravinia Drive, Suite 100, Atlanta, GA </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_218\" id=\"t35_218\" style=\"left:359px;bottom:1087px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Toranomon 1-chom, Minato-ku, 105</div><div class=\"t s3_218\" id=\"t36_218\" style=\"left:533px;bottom:1087px;letter-spacing:-0.07px;display:inline;\">-0001, </div></td><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t65_218\" style=\"left:624px;bottom:1087px;letter-spacing:-0.23px;word-spacing:-0.11px;display:inline;\">Maslak \u0130\u015e, Merkezi Sitesi No: 27 IC KapiI No: 4 </div></td></tr><tr><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6_218\" style=\"left:95px;bottom:1074px;letter-spacing:-0.2px;word-spacing:-0.19px;display:inline;\">30346, USA </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t37_218\" style=\"left:359px;bottom:1074px;letter-spacing:-0.29px;word-spacing:-0.08px;display:inline;\">Tokyo, Japan </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t66_218\" style=\"left:624px;bottom:1074px;letter-spacing:-0.28px;word-spacing:-0.06px;display:inline;\">Sariyer/Istanbul, Turkey </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7_218\" style=\"left:65px;bottom:1060px;letter-spacing:-0.08px;display:inline;\">(l) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t8_218\" style=\"left:95px;bottom:1060px;letter-spacing:-0.24px;word-spacing:-0.1px;display:inline;\">251 Little Falls Drive, Suite 400, Wilmington, </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t38_218\" style=\"left:329px;bottom:1060px;letter-spacing:-0.36px;display:inline;\">(as) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t39_218\" style=\"left:359px;bottom:1060px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Venture Corporate Services (Mauritius) Ltd, </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t67_218\" style=\"left:593px;bottom:1060px;letter-spacing:-0.3px;display:inline;\">(by) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t68_218\" style=\"left:624px;bottom:1060px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Paseo de Recoletos 37 \u2013 41, 28004 Madrid, </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t9_218\" style=\"left:95px;bottom:1047px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">New Castle County, DE19808, USA </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3a_218\" style=\"left:359px;bottom:1047px;letter-spacing:-0.29px;word-spacing:-0.07px;display:inline;\">Level 3, Tower 1, Nexteracom Towers, </div></td><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t69_218\" style=\"left:624px;bottom:1047px;letter-spacing:-0.22px;display:inline;\">Spain </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"ta_218\" style=\"left:65px;bottom:1034px;letter-spacing:-0.51px;display:inline;\">(m) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"tb_218\" style=\"left:95px;bottom:1034px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Clarendon House, 2 Church Street, Hamilton </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3b_218\" style=\"left:359px;bottom:1034px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Cybercity, Ebene, Mauritius </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6a_218\" style=\"left:593px;bottom:1034px;letter-spacing:-0.23px;display:inline;\">(bz) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6b_218\" style=\"left:624px;bottom:1034px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">B-11515 Bhikaj Cama Place, New Delhi, </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"tc_218\" style=\"left:95px;bottom:1020px;letter-spacing:-0.23px;word-spacing:-0.15px;display:inline;\">HM11, Bermuda </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3c_218\" style=\"left:329px;bottom:1020px;letter-spacing:-0.33px;display:inline;\">(at) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3d_218\" style=\"left:359px;bottom:1020px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">1052 Budapest, Ap\u00e1czai Csere J\u00e1nus u. 12 </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6c_218\" style=\"left:624px;bottom:1020px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">South Delhi, 110066 India </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"td_218\" style=\"left:65px;bottom:1007px;letter-spacing:-0.49px;display:inline;\">(n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"te_218\" style=\"left:95px;bottom:1007px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">1 Windsor Dials, Arthur Road, Windsor, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3e_218\" style=\"left:359px;bottom:1007px;letter-spacing:-0.21px;word-spacing:-0.16px;display:inline;\">\u201314A, Hungary </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6d_218\" style=\"left:593px;bottom:1007px;letter-spacing:-0.36px;display:inline;\">(ca) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6e_218\" style=\"left:624px;bottom:1007px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Carr Hospitality, LLC, 1455 Pennsylvania </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"tf_218\" style=\"left:95px;bottom:993px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Berkshire, SL4 1RS, UK </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3f_218\" style=\"left:329px;bottom:993px;letter-spacing:-0.4px;display:inline;\">(au) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3g_218\" style=\"left:359px;bottom:993px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Budapester Str. 2, 10787 Berlin, Germany </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6f_218\" style=\"left:624px;bottom:993px;letter-spacing:-0.28px;word-spacing:-0.09px;display:inline;\">Avenue, NW, Suite 200, Washington, DC </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"tg_218\" style=\"left:65px;bottom:980px;letter-spacing:-0.52px;display:inline;\">(o) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"th_218\" style=\"left:95px;bottom:980px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">333 Bay Street, Suite 400, Toronto M5H 2R2, </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3h_218\" style=\"left:329px;bottom:980px;letter-spacing:-0.43px;display:inline;\">(av) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3i_218\" style=\"left:359px;bottom:980px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Grevgatan 13, 11453 Stockholm, Sweden </div></td><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6g_218\" style=\"left:624px;bottom:980px;letter-spacing:-0.2px;word-spacing:-0.19px;display:inline;\">20004, USA </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"ti_218\" style=\"left:95px;bottom:967px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Ontario, Canada </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3j_218\" style=\"left:329px;bottom:967px;letter-spacing:-0.43px;display:inline;\">(aw) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3k_218\" style=\"left:359px;bottom:967px;letter-spacing:-0.19px;word-spacing:-0.17px;display:inline;\">Alameda Jau 536, Suite 3S-E, 01420-000 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6h_218\" style=\"left:593px;bottom:967px;letter-spacing:-0.4px;display:inline;\">(cb) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6i_218\" style=\"left:624px;bottom:967px;letter-spacing:-0.2px;word-spacing:-0.14px;display:inline;\">84 Albert Street, Belize City, Belize, C.A. </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"tj_218\" style=\"left:65px;bottom:953px;letter-spacing:-0.29px;display:inline;\">(p) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"tk_218\" style=\"left:95px;bottom:953px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Kingsfordweg 151, 1043 GR Amsterdam, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3l_218\" style=\"left:359px;bottom:953px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">S\u00e3o Paulo, Brazil </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6j_218\" style=\"left:593px;bottom:953px;letter-spacing:-0.37px;display:inline;\">(cc) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_218\" id=\"t6k_218\" style=\"left:624px;bottom:953px;letter-spacing:-0.25px;word-spacing:-0.09px;display:inline;\">Krunska 73, 3rd floor, o\ufb00ice no.3, Vra\u010dar, </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"tl_218\" style=\"left:95px;bottom:940px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">The Netherlands </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3m_218\" style=\"left:329px;bottom:940px;letter-spacing:-0.3px;display:inline;\">(ax) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_218\" id=\"t3n_218\" style=\"left:359px;bottom:940px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">1980 P\u00e9rodeau Street, Vaudreuil-Dorion, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6l_218\" style=\"left:624px;bottom:940px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">11000 Belgrade, Serbia </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"tm_218\" style=\"left:65px;bottom:927px;letter-spacing:-0.29px;display:inline;\">(q) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"tn_218\" style=\"left:95px;bottom:927px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Room No. 23, Floor 16, Saigon Tower </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3o_218\" style=\"left:359px;bottom:927px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">J7V 8P7, Quebec, Canada </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6m_218\" style=\"left:593px;bottom:927px;letter-spacing:-0.25px;display:inline;\">(cd) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6n_218\" style=\"left:624px;bottom:927px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Moreno 809 2 Piso, C1091AAQ Buenos Aires, </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"to_218\" style=\"left:95px;bottom:913px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Building, 29 Le Duan Street, Ben Nghe Ward, </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3p_218\" style=\"left:329px;bottom:913px;letter-spacing:-0.43px;display:inline;\">(ay) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3q_218\" style=\"left:359px;bottom:913px;letter-spacing:-0.19px;word-spacing:-0.16px;display:inline;\">168 Robinson Road, #16-01 SIF Building, </div></td><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6o_218\" style=\"left:624px;bottom:913px;letter-spacing:-0.25px;display:inline;\">Argentina </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"tp_218\" style=\"left:95px;bottom:900px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">District 1, Ho Chi Minh City, Vietnam </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3r_218\" style=\"left:359px;bottom:900px;letter-spacing:-0.2px;word-spacing:-0.18px;display:inline;\">068899, Singapore </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6p_218\" style=\"left:593px;bottom:900px;letter-spacing:-0.36px;display:inline;\">(ce) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6q_218\" style=\"left:624px;bottom:900px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Bulevar Svetog Petra Cetinjskog 149 \u2013 81000 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"tq_218\" style=\"left:65px;bottom:886px;letter-spacing:-0.48px;display:inline;\">(r) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"tr_218\" style=\"left:95px;bottom:886px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">The Corporation Trust Centre, 1209 Orange </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3s_218\" style=\"left:329px;bottom:886px;letter-spacing:-0.29px;display:inline;\">(az) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3t_218\" style=\"left:359px;bottom:886px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">361 San Francisco Street Penthouse, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6r_218\" style=\"left:624px;bottom:886px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Podgorica, Montenegro </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"ts_218\" style=\"left:95px;bottom:873px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Street, Wilmington, DE 19801, USA </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3u_218\" style=\"left:359px;bottom:873px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">San Juan, PR 00901, Puerto Rico </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6s_218\" style=\"left:593px;bottom:873px;letter-spacing:-0.16px;display:inline;\">(cf) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6t_218\" style=\"left:624px;bottom:873px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Bernard Monteagudo 201, 15076, Lima, Peru </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"tt_218\" style=\"left:65px;bottom:860px;letter-spacing:-0.47px;display:inline;\">(s) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"tu_218\" style=\"left:95px;bottom:860px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Atria One, 144 Morrison Street, Edinburgh, </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3v_218\" style=\"left:329px;bottom:860px;letter-spacing:-0.24px;display:inline;\">(ba) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_218\" id=\"t3w_218\" style=\"left:359px;bottom:860px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">Hotel Tamanaco Inter-Continental, Final Av. </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6u_218\" style=\"left:593px;bottom:860px;letter-spacing:-0.35px;display:inline;\">(cg) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6v_218\" style=\"left:624px;bottom:860px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Avenida Ejercito Nacional Mexicano No. 769, </div></td></tr><tr><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"tv_218\" style=\"left:95px;bottom:846px;letter-spacing:-0.17px;word-spacing:-0.2px;display:inline;\">EH3 8EX, UK </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3x_218\" style=\"left:359px;bottom:846px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Ppal, Mercedes, Caracas, Venezuela </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6w_218\" style=\"left:624px;bottom:846px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Torre B Piso 8, Granada, Miguel Hidalgo, </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"tw_218\" style=\"left:65px;bottom:833px;letter-spacing:-0.36px;display:inline;\">(t) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"tx_218\" style=\"left:95px;bottom:833px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Building 4, No 13 Xiao Gang Zhong Ma Road, </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3y_218\" style=\"left:329px;bottom:833px;letter-spacing:-0.25px;display:inline;\">(bb) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3z_218\" style=\"left:359px;bottom:833px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">22/F Citigroup Tower, No. 33 Huayanshiqiao </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6x_218\" style=\"left:624px;bottom:833px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Ciudad de Mexico, CP 11520, Mexico </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"ty_218\" style=\"left:95px;bottom:820px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Zhuhai District, Guangzhou, Guangdong, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t40_218\" style=\"left:359px;bottom:820px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Road, Lujiazui, Pudong New Area, 200120, </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6y_218\" style=\"left:593px;bottom:820px;letter-spacing:-0.4px;display:inline;\">(ch) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6z_218\" style=\"left:624px;bottom:820px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Ground Floor, Al Kamel Law Building, Plot </div></td></tr><tr><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"tz_218\" style=\"left:95px;bottom:806px;letter-spacing:-0.31px;word-spacing:-0.04px;display:inline;\">P.R. China </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t41_218\" style=\"left:359px;bottom:806px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">Shanghai, P.R. China </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_218\" id=\"t70_218\" style=\"left:624px;bottom:806px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">52-b, Banks Area, Six of October City, Egypt </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t10_218\" style=\"left:65px;bottom:793px;letter-spacing:-0.52px;display:inline;\">(u) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t11_218\" style=\"left:95px;bottom:793px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Level 6, Akaria Plaza, North Wing, Gate D, </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t42_218\" style=\"left:329px;bottom:793px;letter-spacing:-0.23px;display:inline;\">(bc) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t43_218\" style=\"left:359px;bottom:793px;letter-spacing:-0.19px;word-spacing:-0.17px;display:inline;\">Alameda Jau 536, Suite 3S-C, 01420-000 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t71_218\" style=\"left:593px;bottom:793px;letter-spacing:-0.3px;display:inline;\">(ci) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t72_218\" style=\"left:624px;bottom:793px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Shop No. L3-6, Amity Building, No. 125 High </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t12_218\" style=\"left:95px;bottom:780px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Olaya Street, PO Box 93228, Riyadh 1148, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t44_218\" style=\"left:359px;bottom:780px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">S\u00e3o Paulo, Brazil </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t73_218\" style=\"left:624px;bottom:780px;letter-spacing:-0.34px;word-spacing:-0.13px;display:inline;\">Level Road, Maharagama, Colombo, Sri Lanka </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t13_218\" style=\"left:95px;bottom:766px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Saudi Arabia </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t45_218\" style=\"left:329px;bottom:766px;letter-spacing:-0.1px;display:inline;\">(bd) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t46_218\" style=\"left:359px;bottom:766px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">Alameda Jau 536, Suite 3S-D, 01420-000 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t74_218\" style=\"left:593px;bottom:766px;letter-spacing:-0.46px;display:inline;\">(cj) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t75_218\" style=\"left:624px;bottom:766px;letter-spacing:-0.43px;word-spacing:-0.08px;display:inline;\">1st Floor, No. 68, Zhupan Road, Zhuqiao Town, </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t14_218\" style=\"left:65px;bottom:753px;letter-spacing:-0.44px;display:inline;\">(v) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t15_218\" style=\"left:95px;bottom:753px;letter-spacing:-0.3px;word-spacing:-0.06px;display:inline;\">Flemming House, Wickhams Cay, P.O. Box </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t47_218\" style=\"left:359px;bottom:753px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">S\u00e3o Paulo, Brazil </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t76_218\" style=\"left:624px;bottom:753px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Pudong New Area, Shanghai, P.R. China </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t16_218\" style=\"left:95px;bottom:739px;letter-spacing:-0.27px;word-spacing:-0.08px;display:inline;\">662, Road Town, Tortola VG1110, British </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t48_218\" style=\"left:329px;bottom:739px;letter-spacing:-0.22px;display:inline;\">(be) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t49_218\" style=\"left:359px;bottom:739px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Viale Monte Nero n.84, 20135 Milano, Italy </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t77_218\" style=\"left:593px;bottom:739px;letter-spacing:-0.3px;display:inline;\">(ck) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t78_218\" style=\"left:624px;bottom:739px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">95 Blvd. Berthier, 75017 Paris, France </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t17_218\" style=\"left:95px;bottom:726px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Virgin Islands </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4a_218\" style=\"left:329px;bottom:726px;letter-spacing:-0.03px;display:inline;\">(bf) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_218\" id=\"t4b_218\" style=\"left:359px;bottom:726px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Thurn-und-Taxis-Platz 6 \u2013 60313 Frankfurt </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t79_218\" style=\"left:593px;bottom:726px;letter-spacing:-0.26px;display:inline;\">(cl) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7a_218\" style=\"left:624px;bottom:726px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">PO Box 309, Ugland House, Grand Cayman, </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t18_218\" style=\"left:65px;bottom:713px;letter-spacing:-0.47px;display:inline;\">(w) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t19_218\" style=\"left:95px;bottom:713px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Premier Chambers, M. Lux Lodge, 1st Floor, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4c_218\" style=\"left:359px;bottom:713px;letter-spacing:-0.26px;word-spacing:-0.12px;display:inline;\">am Main, Germany </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7b_218\" style=\"left:624px;bottom:713px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">KY1-1104, Cayman Islands </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1a_218\" style=\"left:95px;bottom:699px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Orchid Magu, Male, Republic of Maldives </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4d_218\" style=\"left:329px;bottom:699px;letter-spacing:-0.19px;display:inline;\">(bg) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4e_218\" style=\"left:359px;bottom:699px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">Juris Tax Services Ltd. Level 12, NeX Teracom </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7c_218\" style=\"left:593px;bottom:699px;letter-spacing:-0.47px;display:inline;\">(cm) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7d_218\" style=\"left:624px;bottom:699px;letter-spacing:-0.34px;word-spacing:-0.14px;display:inline;\">23/6 D, Anhaght Str., Yerevan, 0069, Armenia </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1b_218\" style=\"left:65px;bottom:686px;letter-spacing:-0.23px;display:inline;\">(x) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1c_218\" style=\"left:95px;bottom:686px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">31-33 rue Mogador, 75009 Paris, France </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4f_218\" style=\"left:359px;bottom:686px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Tower II, Ebene, Mauritius </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7e_218\" style=\"left:593px;bottom:686px;letter-spacing:-0.4px;display:inline;\">(cn) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7f_218\" style=\"left:624px;bottom:686px;letter-spacing:-0.25px;word-spacing:-0.13px;display:inline;\">Generation Park Z \u2013 ul. Towarowa 28, 00-839 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1d_218\" style=\"left:65px;bottom:673px;letter-spacing:-0.41px;display:inline;\">(y) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1e_218\" style=\"left:95px;bottom:673px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Bucharest, 2nd District, 2 Gara Her\u0103str\u0103u </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4g_218\" style=\"left:329px;bottom:673px;letter-spacing:-0.25px;display:inline;\">(bh) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4h_218\" style=\"left:359px;bottom:673px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Menara Imperium 22nd Floor, Suite D, JI. HR. </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7g_218\" style=\"left:624px;bottom:673px;letter-spacing:-0.28px;word-spacing:-0.09px;display:inline;\">Warsaw, Poland </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_218\" id=\"t1f_218\" style=\"left:95px;bottom:659px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Street, 2nd floor, module 33, Romania </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_218\" id=\"t4i_218\" style=\"left:359px;bottom:659px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Rasuna Said Kav.1, Guntur Sub-district, </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7h_218\" style=\"left:593px;bottom:659px;letter-spacing:-0.38px;display:inline;\">(co) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7i_218\" style=\"left:624px;bottom:659px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Suite 1, Ground Floor, The Financial Services </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1g_218\" style=\"left:65px;bottom:646px;letter-spacing:-0.21px;display:inline;\">(z) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1h_218\" style=\"left:95px;bottom:646px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">J E Irausquin Boulevard 93, 1Eagle/ </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4j_218\" style=\"left:359px;bottom:646px;letter-spacing:-0.2px;word-spacing:-0.14px;display:inline;\">Setiabudi District, South Jakarta 12980, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7j_218\" style=\"left:624px;bottom:646px;letter-spacing:-0.2px;word-spacing:-0.14px;display:inline;\">Centre, Bishops Court Hill, St. Michael, </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1i_218\" style=\"left:95px;bottom:632px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Paardenbaai, Oranjestad West, Aruba </div></td><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4k_218\" style=\"left:359px;bottom:632px;letter-spacing:-0.18px;display:inline;\">Indonesia </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7k_218\" style=\"left:624px;bottom:632px;letter-spacing:-0.19px;word-spacing:-0.19px;display:inline;\">BB14004, Barbados </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1j_218\" style=\"left:65px;bottom:619px;letter-spacing:-0.37px;display:inline;\">(aa) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1k_218\" style=\"left:95px;bottom:619px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Level 11, 20 Bond Street, Sydney NSW 2000, </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4l_218\" style=\"left:329px;bottom:619px;letter-spacing:-0.16px;display:inline;\">(bi) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4m_218\" style=\"left:359px;bottom:619px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Primmer Piper Eggleston &amp; Cramer PC, 30 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7l_218\" style=\"left:593px;bottom:619px;letter-spacing:-0.4px;display:inline;\">(cp) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7m_218\" style=\"left:624px;bottom:619px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Brumby Centre, Lot 42, Jalan Muhibbah, </div></td></tr><tr><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1l_218\" style=\"left:95px;bottom:606px;letter-spacing:-0.23px;display:inline;\">Australia </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4n_218\" style=\"left:359px;bottom:606px;letter-spacing:-0.29px;word-spacing:-0.05px;display:inline;\">Main St., Suite 500, P.O. Box 1489, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7n_218\" style=\"left:624px;bottom:606px;letter-spacing:-0.32px;word-spacing:-0.04px;display:inline;\">87000 Labuan F.T., Malaysia </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1m_218\" style=\"left:65px;bottom:592px;letter-spacing:-0.39px;display:inline;\">(ab) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1n_218\" style=\"left:95px;bottom:592px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Ontario # 1050, Col. Providencia, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4o_218\" style=\"left:359px;bottom:592px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Burlington, VT 05402-1489, USA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7o_218\" style=\"left:593px;bottom:592px;letter-spacing:-0.25px;display:inline;\">(cq) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7p_218\" style=\"left:624px;bottom:592px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Charlottenstrasse 49, 10117 Berlin, Germany </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1o_218\" style=\"left:95px;bottom:579px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Guadalajara, Jalisco CP44630, Mexico </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4p_218\" style=\"left:329px;bottom:579px;letter-spacing:-0.15px;display:inline;\">(bj) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_218\" id=\"t4q_218\" style=\"left:359px;bottom:579px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">Calle 49, Sur 45 A 300, Oficina 1102, 055422 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7q_218\" style=\"left:593px;bottom:579px;letter-spacing:-0.39px;display:inline;\">(cr) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7r_218\" style=\"left:624px;bottom:579px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Blvd, Morazan, Centro Comercial El Dorado, </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1p_218\" style=\"left:65px;bottom:566px;letter-spacing:-0.37px;display:inline;\">(ac) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1q_218\" style=\"left:95px;bottom:566px;letter-spacing:-0.3px;word-spacing:-0.06px;display:inline;\">5/F, Manulife Place, 348 Kwung Tong Road, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4r_218\" style=\"left:359px;bottom:566px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Envigado, Antioquia, Colombia </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7s_218\" style=\"left:624px;bottom:566px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">6th Floor, Tegucigalpa, Honduras </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1r_218\" style=\"left:95px;bottom:552px;letter-spacing:-0.27px;word-spacing:-0.1px;display:inline;\">Kowloon, Hong Kong </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4s_218\" style=\"left:329px;bottom:552px;letter-spacing:-0.14px;display:inline;\">(bk) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4t_218\" style=\"left:359px;bottom:552px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">21 Engineer Lane, Gibraltar, GX11 1AA, </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7t_218\" style=\"left:593px;bottom:552px;letter-spacing:-0.36px;display:inline;\">(cs) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7u_218\" style=\"left:624px;bottom:552px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">ATS Services Limited, Capital Center, 9th </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1s_218\" style=\"left:65px;bottom:539px;letter-spacing:-0.24px;display:inline;\">(ad) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_218\" id=\"t1t_218\" style=\"left:95px;bottom:539px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Rond-Point Robert Schuman 11, 1040 </div></td><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4u_218\" style=\"left:359px;bottom:539px;letter-spacing:-0.2px;display:inline;\">Gibraltar </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7v_218\" style=\"left:624px;bottom:539px;letter-spacing:-0.4px;word-spacing:-0.1px;display:inline;\">Floor, 2-4 Arch, Makarios III Ave., 1065 Nicosia, </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1u_218\" style=\"left:95px;bottom:526px;letter-spacing:-0.19px;word-spacing:-0.17px;display:inline;\">Brussels, Belgium </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4v_218\" style=\"left:329px;bottom:526px;letter-spacing:-0.1px;display:inline;\">(bl) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4w_218\" style=\"left:359px;bottom:526px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Suite 2500, 1000 de La Gauchetiere St. </div></td><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7w_218\" style=\"left:624px;bottom:526px;letter-spacing:-0.19px;display:inline;\">Cyprus </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1v_218\" style=\"left:65px;bottom:512px;letter-spacing:-0.36px;display:inline;\">(ae) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1w_218\" style=\"left:95px;bottom:512px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">QBC 4 \u2013 Am Belvedere 4, 1100, Vienna, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4x_218\" style=\"left:359px;bottom:512px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">West, Montreal C H3B OA2, Canada </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7x_218\" style=\"left:593px;bottom:512px;letter-spacing:-0.32px;display:inline;\">(ct) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7y_218\" style=\"left:624px;bottom:512px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">1 More London Place, London, SE1 2AF, UK </div></td></tr><tr><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1x_218\" style=\"left:95px;bottom:499px;letter-spacing:-0.24px;display:inline;\">Austria </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4y_218\" style=\"left:329px;bottom:499px;letter-spacing:-0.27px;display:inline;\">(bm) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4z_218\" style=\"left:359px;bottom:499px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Room 311, Building 1, No. 6 East Wen Hua </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1y_218\" style=\"left:65px;bottom:485px;letter-spacing:-0.17px;display:inline;\">(af) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1z_218\" style=\"left:95px;bottom:485px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Avenida da Republica, no 52 \u2013 9, 1069 \u2013 211, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t50_218\" style=\"left:359px;bottom:485px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">Yuan Road, Beijing Economy and </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t20_218\" style=\"left:95px;bottom:472px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">Lisbon, Portugal </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t51_218\" style=\"left:359px;bottom:472px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Technology Development Zone, Beijing, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t21_218\" style=\"left:65px;bottom:459px;letter-spacing:-0.34px;display:inline;\">(ag) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t22_218\" style=\"left:95px;bottom:459px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Room 60, Section 11 Floor 3 Premises I, </div></td><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t52_218\" style=\"left:359px;bottom:459px;letter-spacing:-0.31px;word-spacing:-0.04px;display:inline;\">P.R. China </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t23_218\" style=\"left:95px;bottom:445px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Building 1, House 125, Varshavskoye shosse </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t53_218\" style=\"left:329px;bottom:445px;letter-spacing:-0.25px;display:inline;\">(bn) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t54_218\" style=\"left:359px;bottom:445px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Room N306, 3rd Floor, Building 6, Binhai </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t24_218\" style=\"left:95px;bottom:432px;letter-spacing:-0.31px;word-spacing:-0.04px;display:inline;\">Str, Vn.Ter.G. Municipal District Severnoye </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t55_218\" style=\"left:359px;bottom:432px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Financial Street, No. 52 West Xincheng Road, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t25_218\" style=\"left:95px;bottom:419px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Chertanovo, Moscow City, 117587, Russia </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t56_218\" style=\"left:359px;bottom:419px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Tianjin Economy and Technology </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t26_218\" style=\"left:65px;bottom:405px;letter-spacing:-0.39px;display:inline;\">(ah) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t27_218\" style=\"left:95px;bottom:405px;letter-spacing:-0.22px;word-spacing:-0.12px;display:inline;\">No. 84, Pan Haliain Street, Unit #1, Level 8, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t57_218\" style=\"left:359px;bottom:405px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Development Zone, Tianjin, P.R. China </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t28_218\" style=\"left:95px;bottom:392px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Uniteam Marine O\ufb00ice Building, Sanchuang </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t58_218\" style=\"left:329px;bottom:392px;letter-spacing:-0.29px;display:inline;\">(bo) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t59_218\" style=\"left:359px;bottom:392px;letter-spacing:-0.27px;word-spacing:-0.14px;display:inline;\">Cesta v Mestni log 1, 1000 Ljubljana, Slovenia </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t29_218\" style=\"left:95px;bottom:379px;letter-spacing:-0.31px;word-spacing:-0.07px;display:inline;\">Township, Yangon, Myanmar </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5a_218\" style=\"left:329px;bottom:379px;letter-spacing:-0.46px;display:inline;\">(bp) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5b_218\" style=\"left:359px;bottom:379px;letter-spacing:-0.47px;word-spacing:-0.09px;display:inline;\">37A Professor Fridtjof Nansen Street, 5th Floor, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2a_218\" style=\"left:65px;bottom:365px;letter-spacing:-0.3px;display:inline;\">(ai) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2b_218\" style=\"left:95px;bottom:365px;letter-spacing:-0.2px;word-spacing:-0.15px;display:inline;\">230 Victoria Street, #13-00 Bugis Junction </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_218\" id=\"t5c_218\" style=\"left:359px;bottom:365px;letter-spacing:-0.21px;word-spacing:-0.13px;display:inline;\">District Sredets, Sofia, 1142, Bulgaria </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2c_218\" style=\"left:95px;bottom:352px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">Towers, 188024, Singapore </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5d_218\" style=\"left:329px;bottom:352px;letter-spacing:-0.1px;display:inline;\">(bq) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5e_218\" style=\"left:359px;bottom:352px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">C/o Holiday Inn &amp; Suites, Cnr Waigani Drive </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2d_218\" style=\"left:65px;bottom:338px;letter-spacing:-0.29px;display:inline;\">(aj) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2e_218\" style=\"left:98px;bottom:338px;letter-spacing:-0.28px;word-spacing:-0.07px;display:inline;\">57, 9th Floor, Park Ventures Ecoplex, Unit </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5f_218\" style=\"left:359px;bottom:338px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">&amp; Wards Road, Port Moresby, National </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2f_218\" style=\"left:95px;bottom:325px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">902-904, Wireless Road, Limpini, Pathum </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5g_218\" style=\"left:359px;bottom:325px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Capital District, Papua New Guinea </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2g_218\" style=\"left:95px;bottom:312px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Wan Bangkok 103330, Thailand </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5h_218\" style=\"left:329px;bottom:312px;letter-spacing:-0.24px;display:inline;\">(br) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5i_218\" style=\"left:359px;bottom:312px;letter-spacing:-0.27px;word-spacing:-0.08px;display:inline;\">Suite 2201, Festival Tower, Dubai Festival </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2h_218\" style=\"left:65px;bottom:298px;letter-spacing:-0.29px;display:inline;\">(ak) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2i_218\" style=\"left:95px;bottom:298px;letter-spacing:-0.19px;word-spacing:-0.17px;display:inline;\">Alameda Jau 536, Suite 3S-B, 01420-000 </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5j_218\" style=\"left:359px;bottom:298px;letter-spacing:-0.28px;word-spacing:-0.06px;display:inline;\">City, Al Rebbat St., P.O. Box 58191, Dubai, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2j_218\" style=\"left:95px;bottom:285px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">S\u00e3o Paulo, Brazil </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5k_218\" style=\"left:359px;bottom:285px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">United Arab Emirates </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2k_218\" style=\"left:65px;bottom:272px;letter-spacing:-0.25px;display:inline;\">(al) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_218\" id=\"t2l_218\" style=\"left:95px;bottom:272px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Avenida Cordoba 1547, piso 8, oficina A, </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5l_218\" style=\"left:329px;bottom:272px;letter-spacing:-0.23px;display:inline;\">(bs) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5m_218\" style=\"left:359px;bottom:272px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Madinah Road, Jeddah, P.O Box 9456, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2m_218\" style=\"left:95px;bottom:258px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">1055 Buenos Aires, Argentina </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5n_218\" style=\"left:359px;bottom:258px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Post Code 21413, Jeddah, Saudi Arabia </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2n_218\" style=\"left:65px;bottom:245px;letter-spacing:-0.41px;display:inline;\">(am) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2o_218\" style=\"left:95px;bottom:245px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">The Phoenix Centre, George Street, Belleville </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5o_218\" style=\"left:329px;bottom:245px;letter-spacing:-0.2px;display:inline;\">(bt) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5p_218\" style=\"left:359px;bottom:245px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Maples Corporate Services Ltd. \u2013 PO Box </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2p_218\" style=\"left:95px;bottom:231px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">St. Michael, Barbados </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5q_218\" style=\"left:359px;bottom:231px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">309, Ugland House, Grand Cayman \u2013 </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2q_218\" style=\"left:65px;bottom:218px;letter-spacing:-0.39px;display:inline;\">(an) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2r_218\" style=\"left:95px;bottom:218px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Level 10, 55 Shortland Street, Auckland </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5r_218\" style=\"left:359px;bottom:218px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">KY-1104, Cayman Islands </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2s_218\" style=\"left:95px;bottom:205px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Central, Auckland 1010, New Zealand </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5s_218\" style=\"left:329px;bottom:205px;letter-spacing:-0.25px;display:inline;\">(bu) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5t_218\" style=\"left:359px;bottom:205px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">971, 973 Ploenchit Road, Lumpini, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2t_218\" style=\"left:65px;bottom:191px;letter-spacing:-0.38px;display:inline;\">(ao) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2u_218\" style=\"left:95px;bottom:191px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">1, Murtala Muhammed Drive, Ikoyi, Lagos, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5u_218\" style=\"left:359px;bottom:191px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">Pathumwan, Bangkok 10330, Thailand </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2v_218\" style=\"left:95px;bottom:178px;letter-spacing:-0.2px;display:inline;\">Nigeria </div>\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5v_218\" style=\"left:329px;bottom:178px;letter-spacing:-0.29px;display:inline;\">(bv) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5w_218\" style=\"left:359px;bottom:178px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Room R316, 3rd Floor, Building 6, Binhai </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2w_218\" style=\"left:65px;bottom:165px;letter-spacing:-0.39px;display:inline;\">(ap) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2x_218\" style=\"left:95px;bottom:165px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Central O\ufb00ice Park Unit 4, 257 Jean Avenue, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5x_218\" style=\"left:359px;bottom:165px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Financial Street, No. 52 West Xincheng Road, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2y_218\" style=\"left:95px;bottom:151px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Centurion 0157, South Africa </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5y_218\" style=\"left:359px;bottom:151px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Tianjin Economy and Technology </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2z_218\" style=\"left:65px;bottom:138px;letter-spacing:-0.24px;display:inline;\">(aq) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t30_218\" style=\"left:95px;bottom:138px;letter-spacing:-0.28px;word-spacing:-0.06px;display:inline;\">11th Floor, Building No. 10, Tower C, DLF </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5z_218\" style=\"left:359px;bottom:138px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Development Zone, Tianjin, P.R. China </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_218\" id=\"t31_218\" style=\"left:95px;bottom:125px;letter-spacing:-0.2px;word-spacing:-0.15px;display:inline;\">Phase-II, DLF Cyber City, Gurgaon, </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t60_218\" style=\"left:329px;bottom:125px;letter-spacing:-0.29px;display:inline;\">(bw) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t61_218\" style=\"left:359px;bottom:125px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">14th Floor, South China Building, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_218\" id=\"t32_218\" style=\"left:95px;bottom:111px;letter-spacing:-0.19px;word-spacing:-0.18px;display:inline;\">Haryana-122002, India </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t62_218\" style=\"left:359px;bottom:111px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">1-3 Wyndham Street, Hong Kong, SAR </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr>\n                                        </table>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNotesAndOtherExplanatoryInformationExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f25120": {
   "value": "The Consolidated Financial Statements of InterContinental Hotels <div class=\"t s2_163\" id=\"t4_163\" style=\"left:65px;bottom:1084px;letter-spacing:-0.25px;word-spacing:-0.09px;display:inline;\">Group PLC (the \u2018Group\u2019 or \u2018IHG\u2019) for the year ended 31 December 2023 </div><div class=\"t s2_163\" id=\"t5_163\" style=\"left:65px;bottom:1069px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">were authorised for issue in accordance with a resolution of the </div>Directors on 19 February 2024.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f25121": {
   "value": "InterContinental Hotels Group PLC",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f25125": {
   "value": "2023-12-31",
   "dimensions": {
    "concept": "ifrs-full:DateOfEndOfReportingPeriod2013",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f25129": {
   "value": "InterContinental Hotels Group PLC",
   "dimensions": {
    "concept": "ifrs-full:NameOfParentEntity",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f25130": {
   "value": "InterContinental Hotels Group PLC",
   "dimensions": {
    "concept": "ifrs-full:NameOfUltimateParentOfGroup",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f25131": {
   "value": "PLC",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f25134": {
   "value": "England and Wales",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f25135": {
   "value": "England and Wales",
   "dimensions": {
    "concept": "ifrs-full:PrincipalPlaceOfBusiness",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f25137": {
   "value": "Basis of preparation <div class=\"t s2_163\" id=\"t9_163\" style=\"left:65px;bottom:1000px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">The Consolidated Financial Statements of IHG have been prepared </div><div class=\"t s2_163\" id=\"ta_163\" style=\"left:65px;bottom:985px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">on a going concern basis (see below) and under the historical cost </div><div class=\"t s2_163\" id=\"tb_163\" style=\"left:65px;bottom:970px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">convention, except for assets and liabilities measured at fair value </div><div class=\"t s2_163\" id=\"tc_163\" style=\"left:65px;bottom:955px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">under relevant accounting standards. The Consolidated Financial </div><div class=\"t s2_163\" id=\"td_163\" style=\"left:65px;bottom:939px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">Statements have been prepared in accordance with UK-adopted </div><div class=\"t s2_163\" id=\"te_163\" style=\"left:65px;bottom:924px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">international accounting standards and with applicable law and </div><div class=\"t s2_163\" id=\"tf_163\" style=\"left:65px;bottom:909px;letter-spacing:-0.17px;word-spacing:-0.13px;display:inline;\">regulations, including the Companies Act 2006, and with International </div><div class=\"t s2_163\" id=\"tg_163\" style=\"left:65px;bottom:893px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Financial Reporting Standards (\u2018IFRSs\u2019) as issued by the International </div><div class=\"t s2_163\" id=\"th_163\" style=\"left:65px;bottom:878px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Accounting Standards Board (\u2018IASB\u2019). UK-adopted international </div><div class=\"t s2_163\" id=\"ti_163\" style=\"left:65px;bottom:863px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">accounting standards di\ufb00er in certain respects from IFRSs as issued </div><div class=\"t s2_163\" id=\"tj_163\" style=\"left:65px;bottom:848px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">by the IASB. However, the di\ufb00erences have no impact on the </div>Consolidated Financial Statements for the years presented.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f25144": {
   "value": "UK",
   "dimensions": {
    "concept": "ifrs-full:DomicileOfEntity",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f25154": {
   "value": "Going concern <div class=\"t s2_163\" id=\"tm_163\" style=\"left:65px;bottom:794px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">A period of 18 months has been used, from 1 January 2024 to </div><div class=\"t s2_163\" id=\"tn_163\" style=\"left:65px;bottom:779px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">30 June 2025, to complete the going concern assessment. </div><div class=\"t s2_163\" id=\"to_163\" style=\"left:65px;bottom:756px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">In adopting the going concern basis for preparing the Group </div><div class=\"t s3_163\" id=\"tp_163\" style=\"left:65px;bottom:741px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">financial statements, the Directors have considered a \u2018Base Case\u2019 </div><div class=\"t s2_163\" id=\"tq_163\" style=\"left:65px;bottom:725px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">scenario, as prepared by management, which assumes continued </div><div class=\"t s2_163\" id=\"tr_163\" style=\"left:65px;bottom:710px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">growth in RevPAR in 2024 and 2025 in line with market expectations. </div><div class=\"t s2_163\" id=\"ts_163\" style=\"left:65px;bottom:695px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">The assumptions applied in the Base Case scenario are consistent </div><div class=\"t s2_163\" id=\"tt_163\" style=\"left:65px;bottom:680px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">with those used for Group planning purposes, for impairment testing </div><div class=\"t s2_163\" id=\"tu_163\" style=\"left:65px;bottom:664px;letter-spacing:-0.17px;word-spacing:-0.1px;display:inline;\">(impairment tests adjusted for factors speci</div><div class=\"t s3_163\" id=\"tv_163\" style=\"left:302px;bottom:664px;letter-spacing:-0.17px;word-spacing:-0.1px;display:inline;\">fic to individual properties </div><div class=\"t s2_163\" id=\"tw_163\" style=\"left:65px;bottom:649px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">or portfolios) and for assessing recoverability of deferred tax assets. </div><div class=\"t s2_163\" id=\"tx_163\" style=\"left:65px;bottom:626px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The Directors have also reviewed a \u2018Severe Downside Case\u2019 which </div><div class=\"t s2_163\" id=\"ty_163\" style=\"left:65px;bottom:611px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">is based on a severe but plausible scenario equivalent to the market </div><div class=\"t s3_163\" id=\"tz_163\" style=\"left:65px;bottom:596px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">conditions experienced through the 2008/09 global financial crisis. </div><div class=\"t s2_163\" id=\"t10_163\" style=\"left:65px;bottom:580px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">This assumes that the performance during 2024 starts to worsen </div><div class=\"t s3_163\" id=\"t11_163\" style=\"left:65px;bottom:565px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">and then RevPAR decreases significantly by 17% in 2025. </div><div class=\"t s2_163\" id=\"t12_163\" style=\"left:65px;bottom:542px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">A large number of the Group\u2019s principal risks would result in an </div><div class=\"t s2_163\" id=\"t13_163\" style=\"left:65px;bottom:527px;letter-spacing:-0.17px;word-spacing:-0.1px;display:inline;\">impact on RevPAR, which is one of the sensitivities assessed against </div><div class=\"t s2_163\" id=\"t14_163\" style=\"left:65px;bottom:511px;letter-spacing:-0.17px;word-spacing:-0.1px;display:inline;\">the headroom available in the Base Case and Severe Downside Case </div><div class=\"t s3_163\" id=\"t15_163\" style=\"left:65px;bottom:496px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">scenarios. Climate risks are not considered to have a significant </div><div class=\"t s2_163\" id=\"t16_163\" style=\"left:65px;bottom:481px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">impact over the 18-month period of assessment. Other principal </div><div class=\"t s2_163\" id=\"t17_163\" style=\"left:65px;bottom:466px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">risks that could result in a large one-o\ufb00 incident that has a material </div><div class=\"t s3_163\" id=\"t18_163\" style=\"left:65px;bottom:450px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">impact on cash flow have also been considered, </div><div class=\"t s2_163\" id=\"t19_163\" style=\"left:336px;bottom:450px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">for example a </div><div class=\"t s2_163\" id=\"t1a_163\" style=\"left:65px;bottom:435px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">cybersecurity event. </div><div class=\"t s2_163\" id=\"t1b_163\" style=\"left:461px;bottom:1115px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">A one-year extension to the Group\u2019s revolving credit facility of </div><div class=\"t s2_163\" id=\"t1c_163\" style=\"left:461px;bottom:1100px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">$1,350m was exercised in 2023 and the facility now matures in </div><div class=\"t s2_163\" id=\"t1d_163\" style=\"left:461px;bottom:1084px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">2028. The Group\u2019s key covenant requires net debt:EBITDA below </div><div class=\"t s2_163\" id=\"t1e_163\" style=\"left:461px;bottom:1069px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">4.0x. See note 24 for additional information. In November 2023 </div><div class=\"t s2_163\" id=\"t1f_163\" style=\"left:461px;bottom:1054px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">the Group issued a six-year \u20ac600m bond. The only debt maturity </div><div class=\"t s2_163\" id=\"t1g_163\" style=\"left:461px;bottom:1039px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">in the period under consideration is the \u20ac500m October 2024 </div><div class=\"t s2_163\" id=\"t1h_163\" style=\"left:461px;bottom:1023px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">bond which is assumed to be repaid with cash on maturity. </div><div class=\"t s2_163\" id=\"t1i_163\" style=\"left:461px;bottom:1000px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">Under the Base Case and Severe Downside Case, bank covenants </div><div class=\"t s3_163\" id=\"t1j_163\" style=\"left:461px;bottom:985px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">are not breached and there is significant headroom to the </div><div class=\"t s2_163\" id=\"t1k_163\" style=\"left:461px;bottom:970px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">covenants to absorb multiple additional risks and uncertainties. </div><div class=\"t s2_163\" id=\"t1l_163\" style=\"left:461px;bottom:955px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Additional funding is not required in the period under consideration. </div><div class=\"t s2_163\" id=\"t1m_163\" style=\"left:461px;bottom:939px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The Directors also reviewed a number of actions that could be taken </div><div class=\"t s2_163\" id=\"t1n_163\" style=\"left:461px;bottom:924px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">if required to reduce discretionary spend, creating substantial </div><div class=\"t s2_163\" id=\"t1o_163\" style=\"left:461px;bottom:909px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">additional headroom to the covenants. </div><div class=\"t s2_163\" id=\"t1p_163\" style=\"left:461px;bottom:886px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">The Directors reviewed a reverse stress test scenario to determine </div><div class=\"t s2_163\" id=\"t1q_163\" style=\"left:461px;bottom:871px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">what decrease in RevPAR would create a breach of the covenants. </div><div class=\"t s2_163\" id=\"t1r_163\" style=\"left:461px;bottom:855px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">The Directors concluded that it was very unlikely that a single risk </div><div class=\"t s2_163\" id=\"t1s_163\" style=\"left:461px;bottom:840px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">or combination of the risks considered could create the sustained </div><div class=\"t s2_163\" id=\"t1t_163\" style=\"left:461px;bottom:825px;letter-spacing:-0.09px;word-spacing:-0.05px;display:inline;\">RevPAR impact required, except for a signi</div><div class=\"t s3_163\" id=\"t1u_163\" style=\"left:698px;bottom:825px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">ficant global event. </div><div class=\"t s2_163\" id=\"t1v_163\" style=\"left:461px;bottom:802px;letter-spacing:-0.13px;word-spacing:-0.08px;display:inline;\">The leverage and interest cover covenant tests up to 30 June 2025 </div><div class=\"t s2_163\" id=\"t1w_163\" style=\"left:461px;bottom:786px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">(the last day of the assessment period) have been considered </div><div class=\"t s2_163\" id=\"t1x_163\" style=\"left:461px;bottom:771px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">as part of the Base Case and Severe Downside Case scenarios. </div><div class=\"t s2_163\" id=\"t1y_163\" style=\"left:461px;bottom:756px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Neither of these scenarios indicate that a covenant amendment </div><div class=\"t s2_163\" id=\"t1z_163\" style=\"left:461px;bottom:741px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">would be required but, in the event that it was, the Directors believe </div><div class=\"t s2_163\" id=\"t20_163\" style=\"left:461px;bottom:725px;letter-spacing:-0.1px;word-spacing:-0.1px;display:inline;\">it is reasonable to expect that such an amendment could be obtained </div><div class=\"t s2_163\" id=\"t21_163\" style=\"left:461px;bottom:710px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">based on experience of negotiating the waivers and amendments in </div><div class=\"t s2_163\" id=\"t22_163\" style=\"left:461px;bottom:695px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">2020, however the going concern conclusion is not dependent on </div><div class=\"t s2_163\" id=\"t23_163\" style=\"left:461px;bottom:680px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">this expectation. The Group also has alternative options to manage </div><div class=\"t s2_163\" id=\"t24_163\" style=\"left:461px;bottom:664px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">this risk including raising additional funding in the capital markets. </div><div class=\"t s2_163\" id=\"t25_163\" style=\"left:461px;bottom:641px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Having reviewed these scenarios, the Directors have a reasonable </div><div class=\"t s3_163\" id=\"t26_163\" style=\"left:461px;bottom:626px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">expectation that the Group has su\ufb00icient resources to continue </div><div class=\"t s2_163\" id=\"t27_163\" style=\"left:461px;bottom:611px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">operating until at least 30 June 2025. Accordingly, they continue to </div>adopt the going concern basis in preparing the financial statements.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f25217": {
   "value": "Presentational currency <div class=\"t s2_163\" id=\"t2a_163\" style=\"left:461px;bottom:557px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">The Consolidated Financial Statements are presented in millions </div><div class=\"t s2_163\" id=\"t2b_163\" style=\"left:461px;bottom:542px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">of US dollars re</div><div class=\"t s3_163\" id=\"t2c_163\" style=\"left:546px;bottom:542px;letter-spacing:-0.06px;word-spacing:-0.1px;display:inline;\">flecting the profile o</div><div class=\"t s2_163\" id=\"t2d_163\" style=\"left:658px;bottom:542px;letter-spacing:-0.11px;word-spacing:-0.04px;display:inline;\">f the Group\u2019s revenue and </div><div class=\"t s3_163\" id=\"t2e_163\" style=\"left:461px;bottom:527px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">operating profit which are primarily generated in US dollars or </div><div class=\"t s2_163\" id=\"t2f_163\" style=\"left:461px;bottom:511px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">US dollar-linked currencies. </div><div class=\"t s2_163\" id=\"t2g_163\" style=\"left:461px;bottom:489px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">In the Consolidated Financial Statements, equity share capital, </div><div class=\"t s2_163\" id=\"t2h_163\" style=\"left:461px;bottom:473px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">the capital redemption reserve and shares held by employee share </div><div class=\"t s2_163\" id=\"t2i_163\" style=\"left:461px;bottom:458px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">trusts are translated into US dollars at the relevant rate of exchange </div><div class=\"t s2_163\" id=\"t2j_163\" style=\"left:461px;bottom:443px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">on the last day of the period; the resultant exchange di\ufb00erences </div>are recorded in other reserves.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfPresentationCurrency",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f25232": {
   "value": "The functional currency of the Company is sterling since this is a <div class=\"t s2_163\" id=\"t2m_163\" style=\"left:461px;bottom:389px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">non-trading holding company located in the United Kingdom that </div><div class=\"t s2_163\" id=\"t2n_163\" style=\"left:461px;bottom:374px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">has sterling denominated share capital and whose primary activity </div><div class=\"t s2_163\" id=\"t2o_163\" style=\"left:461px;bottom:359px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">is the payment and receipt of sterling dividends and of interest on </div>sterling denominated external borrowings and intercompany balances.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f25259": {
   "value": "Critical accounting policies and the use of judgements, <div class=\"t s0_164\" id=\"t2_164\" style=\"left:65px;bottom:1100px;letter-spacing:0.03px;word-spacing:-0.16px;display:inline;\">estimates and assumptions </div><div class=\"t s1_164\" id=\"t3_164\" style=\"left:65px;bottom:1084px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">In determining and applying the Group\u2019s accounting policies, </div><div class=\"t s1_164\" id=\"t4_164\" style=\"left:65px;bottom:1069px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">management are required to make judgements, estimates and </div><div class=\"t s1_164\" id=\"t5_164\" style=\"left:65px;bottom:1054px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">assumptions. An accounting policy is considered to be critical if its </div><div class=\"t s1_164\" id=\"t6_164\" style=\"left:65px;bottom:1039px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">selection or application could materially a\ufb00ect the reported amounts </div><div class=\"t s1_164\" id=\"t7_164\" style=\"left:65px;bottom:1023px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">of assets and liabilities at the date of the Consolidated Financial </div><div class=\"t s1_164\" id=\"t8_164\" style=\"left:65px;bottom:1008px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Statements, or the reported amounts of revenues and expenses </div><div class=\"t s1_164\" id=\"t9_164\" style=\"left:65px;bottom:993px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">during the reporting period, or could do so within the next </div><div class=\"t s2_164\" id=\"ta_164\" style=\"left:65px;bottom:977px;letter-spacing:-0.11px;word-spacing:-0.05px;display:inline;\">financial year. </div><div class=\"t s3_164\" id=\"tb_164\" style=\"left:65px;bottom:955px;letter-spacing:0.08px;display:inline;\">Judgements </div><div class=\"t s4_164\" id=\"tc_164\" style=\"left:65px;bottom:939px;letter-spacing:-0.08px;word-spacing:-0.05px;display:inline;\">System Fund </div><div class=\"t s1_164\" id=\"td_164\" style=\"left:65px;bottom:924px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">The Group operates a System Fund (the \u2018Fund\u2019) to collect and </div><div class=\"t s1_164\" id=\"te_164\" style=\"left:65px;bottom:909px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">administer cash assessments from hotel owners for speci</div><div class=\"t s2_164\" id=\"tf_164\" style=\"left:384px;bottom:909px;letter-spacing:0.04px;display:inline;\">fied </div><div class=\"t s1_164\" id=\"tg_164\" style=\"left:65px;bottom:893px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">purposes of use including marketing, reservations and the Group\u2019s </div><div class=\"t s1_164\" id=\"th_164\" style=\"left:65px;bottom:878px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">loyalty programme, IHG One Rewards. Assessments are generally </div><div class=\"t s1_164\" id=\"ti_164\" style=\"left:65px;bottom:863px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">levied as a percentage of hotel revenues. </div><div class=\"t s2_164\" id=\"tj_164\" style=\"left:65px;bottom:840px;letter-spacing:-0.12px;word-spacing:-0.08px;display:inline;\">The Fund is not managed to generate a surplus or deficit </div><div class=\"t s1_164\" id=\"tk_164\" style=\"left:378px;bottom:840px;letter-spacing:-0.14px;word-spacing:-0.08px;display:inline;\">for IHG over </div><div class=\"t s1_164\" id=\"tl_164\" style=\"left:65px;bottom:825px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">the longer term, but is managed for the bene</div><div class=\"t s2_164\" id=\"tm_164\" style=\"left:315px;bottom:825px;letter-spacing:-0.05px;word-spacing:-0.11px;display:inline;\">fit o</div><div class=\"t s1_164\" id=\"tn_164\" style=\"left:337px;bottom:825px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">f the IHG System </div><div class=\"t s1_164\" id=\"to_164\" style=\"left:65px;bottom:809px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">with the objective of driving revenues for the hotels in the System. </div><div class=\"t s1_164\" id=\"tp_164\" style=\"left:65px;bottom:786px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">In relation to marketing and reservation services, the Group\u2019s </div><div class=\"t s1_164\" id=\"tq_164\" style=\"left:65px;bottom:771px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">performance obligation under IFRS 15 \u2018Revenue from Contracts </div><div class=\"t s1_164\" id=\"tr_164\" style=\"left:65px;bottom:756px;letter-spacing:-0.11px;word-spacing:-0.09px;display:inline;\">with Customers\u2019 is determined to be the continuous performance of </div><div class=\"t s1_164\" id=\"ts_164\" style=\"left:65px;bottom:741px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">the services rather than the spending of the assessments received. </div><div class=\"t s1_164\" id=\"tt_164\" style=\"left:65px;bottom:725px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Accordingly, assessment fees are recognised as hotel revenues </div><div class=\"t s1_164\" id=\"tu_164\" style=\"left:65px;bottom:710px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">occur, Fund expenses are charged to the Group income statement </div><div class=\"t s1_164\" id=\"tv_164\" style=\"left:65px;bottom:695px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">as incurred and no constructive obligation is deemed to exist under </div><div class=\"t s1_164\" id=\"tw_164\" style=\"left:65px;bottom:680px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">IAS 37 \u2018Provisions, Contingent Liabilities and Contingent Assets\u2019. </div><div class=\"t s1_164\" id=\"tx_164\" style=\"left:65px;bottom:664px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">Accordingly, no liability is recognised relating to the balance of </div><div class=\"t s1_164\" id=\"ty_164\" style=\"left:65px;bottom:649px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">unspent funds. </div><div class=\"t s1_164\" id=\"tz_164\" style=\"left:65px;bottom:626px;letter-spacing:-0.12px;word-spacing:-0.08px;display:inline;\">No other critical judgements have been made in applying the Group\u2019s </div><div class=\"t s1_164\" id=\"t10_164\" style=\"left:65px;bottom:611px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">accounting policies. </div><div class=\"t s3_164\" id=\"t11_164\" style=\"left:65px;bottom:588px;letter-spacing:0.03px;display:inline;\">Estimates </div><div class=\"t s2_164\" id=\"t12_164\" style=\"left:65px;bottom:573px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Management consider that significant estimates and assumptions </div><div class=\"t s1_164\" id=\"t13_164\" style=\"left:65px;bottom:557px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">are used as described below. Estimates and assumptions are </div><div class=\"t s1_164\" id=\"t14_164\" style=\"left:65px;bottom:542px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">evaluated by management using historical experience and other </div><div class=\"t s1_164\" id=\"t15_164\" style=\"left:65px;bottom:527px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">factors believed to be reasonable based on current circumstances. </div><div class=\"t s4_164\" id=\"t16_164\" style=\"left:65px;bottom:504px;letter-spacing:-0.08px;display:inline;\">Loyalty </div><div class=\"t s4_164\" id=\"t17_164\" style=\"left:107px;bottom:504px;letter-spacing:-0.03px;display:inline;\">programme </div><div class=\"t s1_164\" id=\"t18_164\" style=\"left:65px;bottom:489px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">The loyalty programme, IHG One Rewards, enables members to earn </div><div class=\"t s1_164\" id=\"t19_164\" style=\"left:65px;bottom:473px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">points during each qualifying stay at an IHG branded hotel and through </div><div class=\"t s1_164\" id=\"t1a_164\" style=\"left:65px;bottom:458px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">other partnerships and programmes. Members are able to consume </div><div class=\"t s1_164\" id=\"t1b_164\" style=\"left:65px;bottom:443px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">those points at a later date for free or reduced accommodation or </div><div class=\"t s2_164\" id=\"t1c_164\" style=\"left:65px;bottom:427px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">other benefits. Points revenue includes hotel assessments, revenue </div><div class=\"t s1_164\" id=\"t1d_164\" style=\"left:65px;bottom:412px;letter-spacing:-0.22px;word-spacing:-0.11px;display:inline;\">from third-party partners and proceeds from points purchased directly </div><div class=\"t s1_164\" id=\"t1e_164\" style=\"left:65px;bottom:397px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">by members. </div><div class=\"t s1_164\" id=\"t1f_164\" style=\"left:65px;bottom:374px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The Group recognises deferred revenue in an amount that re</div><div class=\"t s2_164\" id=\"t1g_164\" style=\"left:402px;bottom:374px;letter-spacing:0.01px;display:inline;\">flects </div><div class=\"t s2_164\" id=\"t1h_164\" style=\"left:65px;bottom:359px;letter-spacing:-0.02px;word-spacing:-0.13px;display:inline;\">IHG\u2019s unsatisfied per</div><div class=\"t s1_164\" id=\"t1i_164\" style=\"left:181px;bottom:359px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">formance obligations, valued at the stand-alone </div><div class=\"t s1_164\" id=\"t1j_164\" style=\"left:65px;bottom:343px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">selling price of the future bene</div><div class=\"t s2_164\" id=\"t1k_164\" style=\"left:236px;bottom:343px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">fit to the member. The amount o</div><div class=\"t s1_164\" id=\"t1l_164\" style=\"left:415px;bottom:343px;display:inline;\">f </div><div class=\"t s1_164\" id=\"t1m_164\" style=\"left:65px;bottom:328px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">revenue recognised and deferred is impacted by \u2018breakage\u2019 (points </div><div class=\"t s1_164\" id=\"t1n_164\" style=\"left:65px;bottom:313px;letter-spacing:-0.05px;word-spacing:-0.13px;display:inline;\">that will never be consumed). On an annual basis the Group engages </div><div class=\"t s1_164\" id=\"t1o_164\" style=\"left:65px;bottom:298px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">an external actuary who uses statistical formulae to assist in the </div><div class=\"t s1_164\" id=\"t1p_164\" style=\"left:65px;bottom:282px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">estimate of breakage. </div><div class=\"t s2_164\" id=\"t1q_164\" style=\"left:461px;bottom:1115px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">Significant estimation uncertainty exists in projecting members\u2019 </div><div class=\"t s1_164\" id=\"t1r_164\" style=\"left:461px;bottom:1100px;letter-spacing:-0.12px;word-spacing:-0.08px;display:inline;\">future consumption activity. In 2022 and 2021, the breakage estimate </div><div class=\"t s1_164\" id=\"t1s_164\" style=\"left:461px;bottom:1084px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">was formed using pre-Covid-19 behaviour patterns as a base, but </div><div class=\"t s1_164\" id=\"t1t_164\" style=\"left:461px;bottom:1069px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">giving some weight to activity since 2020 and incorporating the </div><div class=\"t s1_164\" id=\"t1u_164\" style=\"left:461px;bottom:1054px;letter-spacing:-0.04px;word-spacing:-0.14px;display:inline;\">impact of 2022 programme changes. In 2023, the breakage estimate </div><div class=\"t s1_164\" id=\"t1v_164\" style=\"left:461px;bottom:1039px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">has been formed without any equivalent adjustment, re</div><div class=\"t s2_164\" id=\"t1w_164\" style=\"left:769px;bottom:1039px;letter-spacing:-0.03px;display:inline;\">flecting </div><div class=\"t s1_164\" id=\"t1x_164\" style=\"left:461px;bottom:1023px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">normalising patterns of redemption behaviour. If future member </div><div class=\"t s2_164\" id=\"t1y_164\" style=\"left:461px;bottom:1008px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">behaviour deviates significantly </div><div class=\"t s1_164\" id=\"t1z_164\" style=\"left:640px;bottom:1008px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">from expectations, breakage </div><div class=\"t s1_164\" id=\"t20_164\" style=\"left:461px;bottom:993px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">estimates could increase or decrease. At 31 December 2023, </div><div class=\"t s1_164\" id=\"t21_164\" style=\"left:461px;bottom:977px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">deferred revenue relating to the loyalty programme was $1,529m </div><div class=\"t s1_164\" id=\"t22_164\" style=\"left:461px;bottom:962px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">(2022: $1,411m, 2021: $1,292m). Based on the conditions existing </div><div class=\"t s1_164\" id=\"t23_164\" style=\"left:461px;bottom:947px;letter-spacing:-0.04px;word-spacing:-0.15px;display:inline;\">at the balance sheet date, a one percentage point decrease/increase </div><div class=\"t s1_164\" id=\"t24_164\" style=\"left:461px;bottom:932px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">in the breakage estimate relating to earned points would increase/ </div><div class=\"t s1_164\" id=\"t25_164\" style=\"left:461px;bottom:916px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">reduce this liability by $75m. </div><div class=\"t s1_164\" id=\"t26_164\" style=\"left:461px;bottom:893px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Actuarial gains and losses would correspondingly adjust the amount </div><div class=\"t s1_164\" id=\"t27_164\" style=\"left:461px;bottom:878px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">of System Fund and reimbursable revenues recognised and deferred </div><div class=\"t s1_164\" id=\"t28_164\" style=\"left:461px;bottom:863px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">revenue in the Group statement of </div>financial position.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f25343": {
   "value": "Significant accounting policies <div class=\"t s3_164\" id=\"t2b_164\" style=\"left:461px;bottom:825px;letter-spacing:0.01px;word-spacing:-0.15px;display:inline;\">Basis of consolidation </div><div class=\"t s2_164\" id=\"t2c_164\" style=\"left:461px;bottom:809px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">The Consolidated Financial Statements comprise the financial </div><div class=\"t s1_164\" id=\"t2d_164\" style=\"left:461px;bottom:794px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">statements of the Parent Company and entities controlled by </div><div class=\"t s1_164\" id=\"t2e_164\" style=\"left:461px;bottom:779px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">the Group. Control exists when the Group has: </div><div class=\"t s4_164\" id=\"t2f_164\" style=\"left:461px;bottom:756px;display:inline;\">\u2022 </div><div class=\"t s1_164\" id=\"t2g_164\" style=\"left:470px;bottom:756px;letter-spacing:-0.1px;word-spacing:-0.05px;display:inline;\">power over an investee (i.e., existing rights that give it the current </div><div class=\"t s1_164\" id=\"t2h_164\" style=\"left:470px;bottom:741px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">ability to direct the relevant activities of the investee); </div><div class=\"t s4_164\" id=\"t2i_164\" style=\"left:461px;bottom:722px;display:inline;\">\u2022 </div><div class=\"t s1_164\" id=\"t2j_164\" style=\"left:470px;bottom:722px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">exposure, or rights, to variable returns from its involvement with </div><div class=\"t s1_164\" id=\"t2k_164\" style=\"left:470px;bottom:706px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">the investee; and </div><div class=\"t s4_164\" id=\"t2l_164\" style=\"left:461px;bottom:687px;display:inline;\">\u2022 </div><div class=\"t s1_164\" id=\"t2m_164\" style=\"left:470px;bottom:687px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">the ability to use its power over the investee to a\ufb00ect its returns. </div><div class=\"t s1_164\" id=\"t2n_164\" style=\"left:461px;bottom:664px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">All intra-group balances and transactions are eliminated on </div><div class=\"t s1_164\" id=\"t2o_164\" style=\"left:461px;bottom:649px;letter-spacing:-0.02px;display:inline;\">consolidation. </div><div class=\"t s1_164\" id=\"t2p_164\" style=\"left:461px;bottom:626px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">The assets, liabilities and results of those businesses acquired or </div><div class=\"t s1_164\" id=\"t2q_164\" style=\"left:461px;bottom:611px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">disposed of are consolidated for the period during which they were </div><div class=\"t s1_164\" id=\"t2r_164\" style=\"left:461px;bottom:596px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">under the Group\u2019s control. </div><div class=\"t s3_164\" id=\"t2s_164\" style=\"left:461px;bottom:573px;word-spacing:-0.13px;display:inline;\">Foreign currencies </div><div class=\"t s1_164\" id=\"t2t_164\" style=\"left:461px;bottom:557px;letter-spacing:-0.14px;word-spacing:-0.07px;display:inline;\">Within the Group\u2019s subsidiaries, transactions in foreign currencies are </div><div class=\"t s1_164\" id=\"t2u_164\" style=\"left:461px;bottom:542px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">translated to the subsidiary\u2019s functional currency at the exchange </div><div class=\"t s1_164\" id=\"t2v_164\" style=\"left:461px;bottom:527px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">rates ruling on the dates of the transactions. Monetary assets and </div><div class=\"t s1_164\" id=\"t2w_164\" style=\"left:461px;bottom:512px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">liabilities denominated in foreign currencies are retranslated to the </div><div class=\"t s1_164\" id=\"t2x_164\" style=\"left:461px;bottom:496px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">subsidiary\u2019s functional currency at the relevant rates of exchange </div><div class=\"t s1_164\" id=\"t2y_164\" style=\"left:461px;bottom:481px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">ruling on the last day of the period. On consolidation: </div><div class=\"t s4_164\" id=\"t2z_164\" style=\"left:461px;bottom:458px;display:inline;\">\u2022 </div><div class=\"t s1_164\" id=\"t30_164\" style=\"left:470px;bottom:458px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">The assets and liabilities of foreign operations of the Group\u2019s </div><div class=\"t s1_164\" id=\"t31_164\" style=\"left:470px;bottom:443px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">subsidiaries with a functional currency other than US dollars are </div><div class=\"t s1_164\" id=\"t32_164\" style=\"left:470px;bottom:427px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">translated into US dollars at the relevant rates of exchange ruling </div><div class=\"t s1_164\" id=\"t33_164\" style=\"left:470px;bottom:412px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">on the last day of the period. The revenues and expenses of foreign </div><div class=\"t s1_164\" id=\"t34_164\" style=\"left:470px;bottom:397px;letter-spacing:-0.26px;word-spacing:-0.07px;display:inline;\">operations are translated into US dollars at average rates of exchange </div><div class=\"t s1_164\" id=\"t35_164\" style=\"left:470px;bottom:382px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">for each month of the reporting period. The Group treats speci</div><div class=\"t s2_164\" id=\"t36_164\" style=\"left:819px;bottom:382px;display:inline;\">fic </div><div class=\"t s1_164\" id=\"t37_164\" style=\"left:470px;bottom:366px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">intercompany loan balances, which are not intended to be repaid </div><div class=\"t s1_164\" id=\"t38_164\" style=\"left:470px;bottom:351px;letter-spacing:-0.19px;word-spacing:-0.08px;display:inline;\">in the foreseeable future, as part of its net investment. The exchange </div><div class=\"t s1_164\" id=\"t39_164\" style=\"left:470px;bottom:336px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">di\ufb00erences arising on retranslation are taken to the currency </div><div class=\"t s1_164\" id=\"t3a_164\" style=\"left:470px;bottom:321px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">translation reserve; and </div><div class=\"t s4_164\" id=\"t3b_164\" style=\"left:461px;bottom:301px;display:inline;\">\u2022 </div><div class=\"t s1_164\" id=\"t3c_164\" style=\"left:470px;bottom:301px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Exchange di\ufb00erences arising from the translation of borrowings </div><div class=\"t s1_164\" id=\"t3d_164\" style=\"left:470px;bottom:286px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">that are designated as a hedge against a net investment in a </div><div class=\"t s1_164\" id=\"t3e_164\" style=\"left:470px;bottom:271px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">foreign operation are taken to the currency translation reserve. </div><div class=\"t s1_164\" id=\"t3f_164\" style=\"left:461px;bottom:248px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">On disposal of a foreign operation, the cumulative amount </div><div class=\"t s1_164\" id=\"t3g_164\" style=\"left:461px;bottom:233px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">recognised in the currency translation reserve relating to that </div><div class=\"t s1_164\" id=\"t3h_164\" style=\"left:461px;bottom:217px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">particular foreign operation is recycled as part of the gain or </div><div class=\"t s1_164\" id=\"t3i_164\" style=\"left:461px;bottom:202px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">loss on disposal. </div><div class=\"t s3_164\" id=\"t3j_164\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t s4_164\" id=\"t3k_164\" style=\"left:65px;bottom:31px;letter-spacing:0.01px;display:inline;\"></div><div></div><div class=\"t s0_165\" id=\"t1_165\" style=\"left:65px;bottom:1115px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">Revenue recognition </div><div class=\"t s1_165\" id=\"t2_165\" style=\"left:65px;bottom:1100px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Revenue is recognised at an amount that reflects the consideration </div><div class=\"t s2_165\" id=\"t3_165\" style=\"left:65px;bottom:1084px;letter-spacing:-0.2px;word-spacing:-0.07px;display:inline;\">to which the Group expects to be entitled in exchange for transferring </div><div class=\"t s1_165\" id=\"t4_165\" style=\"left:65px;bottom:1069px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">goods or services to a customer. </div><div class=\"t s3_165\" id=\"t5_165\" style=\"left:65px;bottom:1046px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">Fee business revenue </div><div class=\"t s2_165\" id=\"t6_165\" style=\"left:65px;bottom:1031px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">Under franchise agreements, the Group\u2019s performance obligation </div><div class=\"t s1_165\" id=\"t7_165\" style=\"left:65px;bottom:1016px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">is to provide a licence to use IHG\u2019s trademarks and other intellectual </div><div class=\"t s2_165\" id=\"t8_165\" style=\"left:65px;bottom:1000px;letter-spacing:-0.12px;word-spacing:-0.1px;display:inline;\">property. Franchise royalty fees are typically charged as a percentage </div><div class=\"t s2_165\" id=\"t9_165\" style=\"left:65px;bottom:985px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">of hotel gross rooms revenues and are treated as variable </div><div class=\"t s1_165\" id=\"ta_165\" style=\"left:65px;bottom:970px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">consideration, recognised as the underlying hotel revenues occur. </div><div class=\"t s2_165\" id=\"tb_165\" style=\"left:65px;bottom:947px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">Under management agreements, the Group\u2019s performance </div><div class=\"t s1_165\" id=\"tc_165\" style=\"left:65px;bottom:932px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">obligation is to provide hotel management services and a licence </div><div class=\"t s1_165\" id=\"td_165\" style=\"left:65px;bottom:916px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">to use IHG\u2019s trademarks and other intellectual property. Base and </div><div class=\"t s2_165\" id=\"te_165\" style=\"left:65px;bottom:901px;letter-spacing:-0.09px;word-spacing:-0.11px;display:inline;\">incentive management fees are typically charged. Base management </div><div class=\"t s2_165\" id=\"tf_165\" style=\"left:65px;bottom:886px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">fees are typically a percentage of total hotel revenues and incentive </div><div class=\"t s2_165\" id=\"tg_165\" style=\"left:65px;bottom:871px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">management fees are generally based on the hotel\u2019s pro</div><div class=\"t s1_165\" id=\"th_165\" style=\"left:378px;bottom:871px;letter-spacing:-0.04px;word-spacing:-0.13px;display:inline;\">fitability or </div><div class=\"t s1_165\" id=\"ti_165\" style=\"left:65px;bottom:855px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">cash flows. Both are treated as variable consideration. Like </div><div class=\"t s2_165\" id=\"tj_165\" style=\"left:392px;bottom:855px;letter-spacing:-0.04px;display:inline;\">franchise </div><div class=\"t s2_165\" id=\"tk_165\" style=\"left:65px;bottom:840px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">fees, base management fees are recognised as the underlying hotel </div><div class=\"t s2_165\" id=\"tl_165\" style=\"left:65px;bottom:825px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">revenues occur. Incentive management fees are recognised over </div><div class=\"t s1_165\" id=\"tm_165\" style=\"left:65px;bottom:809px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">time when it is considered highly probable that the related </div><div class=\"t s2_165\" id=\"tn_165\" style=\"left:65px;bottom:794px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">performance criteria for each annual period will be met, provided </div><div class=\"t s2_165\" id=\"to_165\" style=\"left:65px;bottom:779px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">there is no expectation of a subsequent reversal of the revenue. </div><div class=\"t s2_165\" id=\"tp_165\" style=\"left:65px;bottom:756px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Application and re-licensing fees are not considered to be distinct </div><div class=\"t s2_165\" id=\"tq_165\" style=\"left:65px;bottom:741px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">from the franchise performance obligation and are recognised over </div><div class=\"t s2_165\" id=\"tr_165\" style=\"left:65px;bottom:725px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">the life of the related agreement. </div><div class=\"t s1_165\" id=\"ts_165\" style=\"left:65px;bottom:702px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Franchise and management agreements also contain a promise </div><div class=\"t s1_165\" id=\"tt_165\" style=\"left:65px;bottom:687px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">to provide technology support and network services to hotels. </div><div class=\"t s2_165\" id=\"tu_165\" style=\"left:65px;bottom:672px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">A monthly technology fee, based on either gross rooms revenues </div><div class=\"t s2_165\" id=\"tv_165\" style=\"left:65px;bottom:657px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">or the number of rooms in the hotel, is charged and recognised </div><div class=\"t s2_165\" id=\"tw_165\" style=\"left:65px;bottom:641px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">over time as these services are delivered. Technology fee income </div><div class=\"t s1_165\" id=\"tx_165\" style=\"left:65px;bottom:626px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">is included in Central revenue. </div><div class=\"t s2_165\" id=\"ty_165\" style=\"left:65px;bottom:603px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Technical service fees are received in relation to design and </div><div class=\"t s2_165\" id=\"tz_165\" style=\"left:65px;bottom:588px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">engineering support provided prior to the opening of certain hotel </div><div class=\"t s2_165\" id=\"t10_165\" style=\"left:65px;bottom:573px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">properties. These services are a distinct performance obligation </div><div class=\"t s2_165\" id=\"t11_165\" style=\"left:65px;bottom:557px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">and the fees are recognised as revenue over the pre-opening period </div><div class=\"t s2_165\" id=\"t12_165\" style=\"left:65px;bottom:542px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">in line with the Group\u2019s assessment of the stage of completion of the </div><div class=\"t s2_165\" id=\"t13_165\" style=\"left:65px;bottom:527px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">project, based on the latest expectation of hotel opening date and </div><div class=\"t s2_165\" id=\"t14_165\" style=\"left:65px;bottom:511px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">its knowledge and experience of the pattern of work performed on </div><div class=\"t s1_165\" id=\"t15_165\" style=\"left:65px;bottom:496px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">comparable projects. </div><div class=\"t s1_165\" id=\"t16_165\" style=\"left:65px;bottom:473px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">The Group has applied the practical expedient in IFRS 15 not to </div><div class=\"t s2_165\" id=\"t17_165\" style=\"left:65px;bottom:458px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">disclose the aggregate amount of the transaction price allocated to </div><div class=\"t s2_165\" id=\"t18_165\" style=\"left:65px;bottom:443px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">performance obligations that are unsatis</div><div class=\"t s1_165\" id=\"t19_165\" style=\"left:291px;bottom:443px;letter-spacing:-0.03px;word-spacing:-0.13px;display:inline;\">fied or partially unsatisfied </div><div class=\"t s2_165\" id=\"t1a_165\" style=\"left:65px;bottom:427px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">as at the end of the reporting period for all amounts where the </div><div class=\"t s1_165\" id=\"t1b_165\" style=\"left:65px;bottom:412px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Group has a right to consideration in an amount that corresponds </div><div class=\"t s2_165\" id=\"t1c_165\" style=\"left:65px;bottom:397px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">directly with the value to the customer of the Group\u2019s performance </div><div class=\"t s2_165\" id=\"t1d_165\" style=\"left:65px;bottom:382px;letter-spacing:-0.05px;word-spacing:-0.08px;display:inline;\">completed to date (including franchise and management fees). </div><div class=\"t s3_165\" id=\"t1e_165\" style=\"left:461px;bottom:1115px;letter-spacing:-0.02px;word-spacing:-0.13px;display:inline;\">Contract assets </div><div class=\"t s2_165\" id=\"t1f_165\" style=\"left:461px;bottom:1100px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Amounts paid to hotel owners to secure management and franchise </div><div class=\"t s1_165\" id=\"t1g_165\" style=\"left:461px;bottom:1084px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">agreements (\u2018key money\u2019) are treated as consideration payable to </div><div class=\"t s1_165\" id=\"t1h_165\" style=\"left:461px;bottom:1069px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">a customer. A contract asset is recorded which is recognised as </div><div class=\"t s2_165\" id=\"t1i_165\" style=\"left:461px;bottom:1054px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">a deduction to revenue over the initial term of the agreement. </div><div class=\"t s1_165\" id=\"t1j_165\" style=\"left:461px;bottom:1031px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">In limited cases, loans can be provided to an owner, in such cases </div><div class=\"t s2_165\" id=\"t1k_165\" style=\"left:461px;bottom:1016px;letter-spacing:-0.1px;word-spacing:-0.06px;display:inline;\">the initial credit risk will be low. The di\ufb00erence, if any, between the </div><div class=\"t s2_165\" id=\"t1l_165\" style=\"left:461px;bottom:1000px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">face and market value of the loan on inception is recognised as </div><div class=\"t s1_165\" id=\"t1m_165\" style=\"left:461px;bottom:985px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">a contract asset. </div><div class=\"t s2_165\" id=\"t1n_165\" style=\"left:461px;bottom:962px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">In limited cases, the Group may provide performance guarantees </div><div class=\"t s2_165\" id=\"t1o_165\" style=\"left:461px;bottom:947px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">to third-party hotel owners. The expected value of payments under </div><div class=\"t s2_165\" id=\"t1p_165\" style=\"left:461px;bottom:932px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">performance guarantees reduces the overall transaction price and is </div><div class=\"t s2_165\" id=\"t1q_165\" style=\"left:461px;bottom:916px;letter-spacing:-0.17px;word-spacing:-0.14px;display:inline;\">recognised as a deduction to revenue over the term of the agreement. </div><div class=\"t s1_165\" id=\"t1r_165\" style=\"left:461px;bottom:893px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">Typically, contract assets are not financial assets as they represent </div><div class=\"t s2_165\" id=\"t1s_165\" style=\"left:461px;bottom:878px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">amounts paid by the Group at the beginning of a contract, and so </div><div class=\"t s2_165\" id=\"t1t_165\" style=\"left:461px;bottom:863px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">are tested for impairment based on value in use rather than with </div><div class=\"t s2_165\" id=\"t1u_165\" style=\"left:461px;bottom:848px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">reference to expected credit losses. Contract assets are reviewed </div><div class=\"t s2_165\" id=\"t1v_165\" style=\"left:461px;bottom:832px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">for impairment when events or changes in circumstances indicate </div><div class=\"t s2_165\" id=\"t1w_165\" style=\"left:461px;bottom:817px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">that the carrying value may not be recoverable. If carrying values </div><div class=\"t s2_165\" id=\"t1x_165\" style=\"left:461px;bottom:802px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">exceed the recoverable amount, determined by reference to </div><div class=\"t s2_165\" id=\"t1y_165\" style=\"left:461px;bottom:786px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">estimated future cash </div><div class=\"t s1_165\" id=\"t1z_165\" style=\"left:585px;bottom:786px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">flows discounted to their present value using </div><div class=\"t s1_165\" id=\"t20_165\" style=\"left:461px;bottom:771px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">a pre-tax discount rate, the contract assets are written down to the </div><div class=\"t s1_165\" id=\"t21_165\" style=\"left:461px;bottom:756px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">recoverable amount. </div><div class=\"t s4_165\" id=\"t22_165\" style=\"left:461px;bottom:733px;letter-spacing:-0.05px;word-spacing:-0.08px;display:inline;\">Deferred revenue </div><div class=\"t s2_165\" id=\"t23_165\" style=\"left:461px;bottom:718px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Deferred revenue is recognised when payment is received before </div><div class=\"t s2_165\" id=\"t24_165\" style=\"left:461px;bottom:702px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">the related performance obligation is satis</div><div class=\"t s1_165\" id=\"t25_165\" style=\"left:696px;bottom:702px;letter-spacing:0.02px;display:inline;\">fied. </div><div class=\"t s2_165\" id=\"t26_165\" style=\"left:461px;bottom:680px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Revenue is also deferred when key money is committed and is highly </div><div class=\"t s2_165\" id=\"t27_165\" style=\"left:461px;bottom:664px;letter-spacing:-0.14px;word-spacing:-0.07px;display:inline;\">likely to be paid. The annual revenue deferral is equal to the reduction </div><div class=\"t s2_165\" id=\"t28_165\" style=\"left:461px;bottom:649px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">to revenue that would arise if the key money were paid at inception </div><div class=\"t s2_165\" id=\"t29_165\" style=\"left:461px;bottom:634px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">of the contract. When payment is made, a net contract asset is </div><div class=\"t s2_165\" id=\"t2a_165\" style=\"left:461px;bottom:618px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">recorded which is amortised over the remaining initial term of </div><div class=\"t s1_165\" id=\"t2b_165\" style=\"left:461px;bottom:603px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">the agreement. </div><div class=\"t s3_165\" id=\"t2c_165\" style=\"left:461px;bottom:580px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">Contract costs </div><div class=\"t s2_165\" id=\"t2d_165\" style=\"left:461px;bottom:565px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Certain costs incurred to secure management and franchise </div><div class=\"t s1_165\" id=\"t2e_165\" style=\"left:461px;bottom:550px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">agreements, typically developer commissions, are capitalised and </div><div class=\"t s2_165\" id=\"t2f_165\" style=\"left:461px;bottom:534px;letter-spacing:-0.25px;word-spacing:-0.08px;display:inline;\">amortised as an expense over the initial term of the related agreement. </div><div class=\"t s1_165\" id=\"t2g_165\" style=\"left:461px;bottom:519px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">These costs are presented as contract costs in the Group statement </div><div class=\"t s2_165\" id=\"t2h_165\" style=\"left:461px;bottom:504px;letter-spacing:-0.11px;display:inline;\">of </div><div class=\"t s1_165\" id=\"t2i_165\" style=\"left:475px;bottom:504px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">financial position. </div><div class=\"t s2_165\" id=\"t2j_165\" style=\"left:461px;bottom:481px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Contract costs are reviewed for impairment when events or </div><div class=\"t s1_165\" id=\"t2k_165\" style=\"left:461px;bottom:466px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">changes in circumstances indicate that the carrying value may not </div><div class=\"t s2_165\" id=\"t2l_165\" style=\"left:461px;bottom:450px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">be recoverable with reference to the future expected cash </div><div class=\"t s1_165\" id=\"t2m_165\" style=\"left:788px;bottom:450px;letter-spacing:-0.06px;display:inline;\">flows </div><div class=\"t s2_165\" id=\"t2n_165\" style=\"left:461px;bottom:435px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">from the contract. </div><div class=\"t s4_165\" id=\"t2o_165\" style=\"left:461px;bottom:412px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">Revenue from owned, leased and managed lease hotels </div><div class=\"t s1_165\" id=\"t2p_165\" style=\"left:461px;bottom:397px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">At its owned, leased and managed lease hotels, the Group\u2019s </div><div class=\"t s2_165\" id=\"t2q_165\" style=\"left:461px;bottom:382px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">performance obligation is to provide accommodation and other </div><div class=\"t s1_165\" id=\"t2r_165\" style=\"left:461px;bottom:366px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">goods and services to guests. Revenue includes rooms revenue and </div><div class=\"t s2_165\" id=\"t2s_165\" style=\"left:461px;bottom:351px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">food and beverage sales, which are recognised when the rooms are </div><div class=\"t s2_165\" id=\"t2t_165\" style=\"left:461px;bottom:336px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">occupied and food and beverages are sold. Guest deposits received </div><div class=\"t s2_165\" id=\"t2u_165\" style=\"left:461px;bottom:321px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">in advance of hotel stays are recorded as deferred revenue in the </div><div class=\"t s2_165\" id=\"t2v_165\" style=\"left:461px;bottom:305px;letter-spacing:-0.18px;word-spacing:-0.09px;display:inline;\">Group statement of </div><div class=\"t s1_165\" id=\"t2w_165\" style=\"left:571px;bottom:305px;letter-spacing:-0.17px;word-spacing:-0.1px;display:inline;\">financial position. They are recognised as revenue </div><div class=\"t s2_165\" id=\"t2x_165\" style=\"left:461px;bottom:290px;letter-spacing:-0.24px;word-spacing:-0.09px;display:inline;\">along with any balancing payment from the guest when the associated </div><div class=\"t s2_165\" id=\"t2y_165\" style=\"left:461px;bottom:275px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">stay occurs, or are returned to the customer in the event of </div><div class=\"t s1_165\" id=\"t2z_165\" style=\"left:461px;bottom:259px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">a cancellation. </div><div class=\"t s3_165\" id=\"t30_165\" style=\"left:65px;bottom:31px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\"> </div><div class=\"t m0_165 s5_165\" id=\"t31_165\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t s3_165\" id=\"t32_165\" style=\"left:825px;bottom:31px;letter-spacing:0.09px;display:inline;\"></div><div></div><div class=\"t s0_166\" id=\"t1_166\" style=\"left:65px;bottom:1115px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">System Fund and reimbursable revenues </div><div class=\"t s1_166\" id=\"t2_166\" style=\"left:65px;bottom:1100px;letter-spacing:-0.07px;word-spacing:-0.06px;display:inline;\">System Fund and other co-brand revenues </div><div class=\"t s2_166\" id=\"t3_166\" style=\"left:65px;bottom:1084px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">The Group operates the Fund to collect and administer cash </div><div class=\"t s2_166\" id=\"t4_166\" style=\"left:65px;bottom:1069px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">assessments from hotel owners for speci</div><div class=\"t s3_166\" id=\"t5_166\" style=\"left:293px;bottom:1069px;word-spacing:-0.14px;display:inline;\">fied purposes o</div><div class=\"t s2_166\" id=\"t6_166\" style=\"left:380px;bottom:1069px;letter-spacing:-0.05px;word-spacing:-0.11px;display:inline;\">f use </div><div class=\"t s2_166\" id=\"t7_166\" style=\"left:65px;bottom:1054px;letter-spacing:-0.2px;word-spacing:-0.07px;display:inline;\">including marketing, reservations and the Group\u2019s loyalty programme, </div><div class=\"t s3_166\" id=\"t8_166\" style=\"left:65px;bottom:1039px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">IHG One Rewards. The Fund also benefits </div><div class=\"t s2_166\" id=\"t9_166\" style=\"left:299px;bottom:1039px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">from proceeds from the </div><div class=\"t s2_166\" id=\"ta_166\" style=\"left:65px;bottom:1023px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">sale of loyalty points under third-party co-branding arrangements. </div><div class=\"t s3_166\" id=\"tb_166\" style=\"left:65px;bottom:1008px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The Fund is not managed to generate a surplus or deficit </div><div class=\"t s2_166\" id=\"tc_166\" style=\"left:382px;bottom:1008px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">for IHG </div><div class=\"t s2_166\" id=\"td_166\" style=\"left:65px;bottom:993px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">over the longer term, but is managed for the bene</div><div class=\"t s3_166\" id=\"te_166\" style=\"left:343px;bottom:993px;letter-spacing:-0.05px;word-spacing:-0.12px;display:inline;\">fit o</div><div class=\"t s2_166\" id=\"tf_166\" style=\"left:364px;bottom:993px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">f the IHG </div><div class=\"t s2_166\" id=\"tg_166\" style=\"left:65px;bottom:977px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">System with the objective of driving revenues for the hotels in </div><div class=\"t s2_166\" id=\"th_166\" style=\"left:65px;bottom:962px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">the System. </div><div class=\"t s2_166\" id=\"ti_166\" style=\"left:65px;bottom:939px;letter-spacing:-0.17px;word-spacing:-0.09px;display:inline;\">The growth in the IHG One Rewards programme means that, although </div><div class=\"t s2_166\" id=\"tj_166\" style=\"left:65px;bottom:924px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">assessments are received from hotels up front when a member </div><div class=\"t s2_166\" id=\"tk_166\" style=\"left:65px;bottom:909px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">earns points, more revenue is deferred each year than is recognised </div><div class=\"t s2_166\" id=\"tl_166\" style=\"left:65px;bottom:893px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">in the Fund. This can lead to accounting losses in the Fund each year </div><div class=\"t s2_166\" id=\"tm_166\" style=\"left:65px;bottom:878px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">as the deferred revenue balance grows. </div><div class=\"t s2_166\" id=\"tn_166\" style=\"left:65px;bottom:855px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">Under both franchise and management agreements, the Group is </div><div class=\"t s2_166\" id=\"to_166\" style=\"left:65px;bottom:840px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">required to provide marketing and reservations services, as well as </div><div class=\"t s2_166\" id=\"tp_166\" style=\"left:65px;bottom:825px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">other centrally managed programmes. These services are provided </div><div class=\"t s2_166\" id=\"tq_166\" style=\"left:65px;bottom:809px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">by the Fund and are funded by assessment fees. Costs are incurred </div><div class=\"t s2_166\" id=\"tr_166\" style=\"left:65px;bottom:794px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">and allocated to the Fund in accordance with the principles agreed </div><div class=\"t s2_166\" id=\"ts_166\" style=\"left:65px;bottom:779px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">with the IHG Owners Association. The Group acts as principal in the </div><div class=\"t s2_166\" id=\"tt_166\" style=\"left:65px;bottom:764px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">provision of the services as the related expenses primarily comprise </div><div class=\"t s2_166\" id=\"tu_166\" style=\"left:65px;bottom:748px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">payroll and marketing expenses under contracts entered into by the </div><div class=\"t s2_166\" id=\"tv_166\" style=\"left:65px;bottom:733px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Group. The assessment fees from hotel owners are generally levied </div><div class=\"t s2_166\" id=\"tw_166\" style=\"left:65px;bottom:718px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">as a percentage of hotel revenues and are recognised as those hotel </div><div class=\"t s2_166\" id=\"tx_166\" style=\"left:65px;bottom:702px;letter-spacing:-0.1px;word-spacing:-0.04px;display:inline;\">revenues occur. </div><div class=\"t s2_166\" id=\"ty_166\" style=\"left:65px;bottom:680px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Certain travel agency commission revenues within the Fund are </div><div class=\"t s2_166\" id=\"tz_166\" style=\"left:65px;bottom:664px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">recognised on a net basis, where it has been determined that IHG </div><div class=\"t s2_166\" id=\"t10_166\" style=\"left:65px;bottom:649px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">is acting as agent. </div><div class=\"t s2_166\" id=\"t11_166\" style=\"left:65px;bottom:626px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">In respect of IHG One Rewards, the performance obligations are </div><div class=\"t s2_166\" id=\"t12_166\" style=\"left:65px;bottom:611px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">to arrange for the provision of future bene</div><div class=\"t s3_166\" id=\"t13_166\" style=\"left:298px;bottom:611px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">fits to members on </div><div class=\"t s2_166\" id=\"t14_166\" style=\"left:65px;bottom:596px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">consumption of previously earned reward points and Milestone </div><div class=\"t s2_166\" id=\"t15_166\" style=\"left:65px;bottom:580px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">Rewards. Points are exchanged for reward nights at an IHG hotel or </div><div class=\"t s2_166\" id=\"t16_166\" style=\"left:65px;bottom:565px;letter-spacing:-0.05px;word-spacing:-0.12px;display:inline;\">other goods or services provided by third parties. Milestone Rewards </div><div class=\"t s3_166\" id=\"t17_166\" style=\"left:65px;bottom:550px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">comprise points or other benefits such as upgrades and </div><div class=\"t s2_166\" id=\"t18_166\" style=\"left:380px;bottom:550px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">food and </div><div class=\"t s2_166\" id=\"t19_166\" style=\"left:65px;bottom:534px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">beverage vouchers. </div><div class=\"t s2_166\" id=\"t1a_166\" style=\"left:65px;bottom:511px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">Under its franchise and management agreements, IHG receives </div><div class=\"t s2_166\" id=\"t1b_166\" style=\"left:65px;bottom:496px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">assessment fees based on total qualifying hotel revenue from IHG </div><div class=\"t s2_166\" id=\"t1c_166\" style=\"left:65px;bottom:481px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">One Rewards members\u2019 hotel stays. </div><div class=\"t s2_166\" id=\"t1d_166\" style=\"left:65px;bottom:458px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The Group\u2019s performance obligation is not satis</div><div class=\"t s3_166\" id=\"t1e_166\" style=\"left:329px;bottom:458px;letter-spacing:-0.03px;word-spacing:-0.13px;display:inline;\">fied in </div><div class=\"t s2_166\" id=\"t1f_166\" style=\"left:366px;bottom:458px;letter-spacing:-0.12px;word-spacing:-0.04px;display:inline;\">full until the </div><div class=\"t s3_166\" id=\"t1g_166\" style=\"left:65px;bottom:443px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">member has consumed the relevant benefits. Accordingly, loyalty </div><div class=\"t s2_166\" id=\"t1h_166\" style=\"left:65px;bottom:427px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">assessments are allocated between points and Milestone Rewards </div><div class=\"t s2_166\" id=\"t1i_166\" style=\"left:65px;bottom:412px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">and deferred in an amount that re</div><div class=\"t s3_166\" id=\"t1j_166\" style=\"left:252px;bottom:412px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">flects the stand-alone selling price </div><div class=\"t s2_166\" id=\"t1k_166\" style=\"left:65px;bottom:397px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">of the future bene</div><div class=\"t s3_166\" id=\"t1l_166\" style=\"left:165px;bottom:397px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">fit to the member. Revenue is impacted by a </div><div class=\"t s2_166\" id=\"t1m_166\" style=\"left:65px;bottom:382px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">\u2018breakage\u2019 estimate of the bene</div><div class=\"t s3_166\" id=\"t1n_166\" style=\"left:241px;bottom:382px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">fits that will never be consumed. </div><div class=\"t s2_166\" id=\"t1o_166\" style=\"left:65px;bottom:366px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">On an annual basis, the Group engages an external actuary who </div><div class=\"t s2_166\" id=\"t1p_166\" style=\"left:65px;bottom:351px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">uses statistical formulae to assist in formulating this estimate, which </div><div class=\"t s3_166\" id=\"t1q_166\" style=\"left:65px;bottom:336px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">is adjusted to reflect actual experience up to the reporting date. </div><div class=\"t s2_166\" id=\"t1r_166\" style=\"left:65px;bottom:313px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">As materially all of the awards will be either consumed at IHG </div><div class=\"t s2_166\" id=\"t1s_166\" style=\"left:65px;bottom:298px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">managed or franchised hotels owned by third parties, or exchanged </div><div class=\"t s2_166\" id=\"t1t_166\" style=\"left:65px;bottom:282px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">for awards provided by third parties, IHG is deemed to be acting as </div><div class=\"t s2_166\" id=\"t1u_166\" style=\"left:65px;bottom:267px;letter-spacing:-0.05px;word-spacing:-0.08px;display:inline;\">agent on consumption and therefore recognises the related revenue </div><div class=\"t s2_166\" id=\"t1v_166\" style=\"left:65px;bottom:252px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">net of the cost of reimbursing the hotel or third party that is </div><div class=\"t s3_166\" id=\"t1w_166\" style=\"left:65px;bottom:236px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">providing the benefit. </div><div class=\"t s2_166\" id=\"t1x_166\" style=\"left:65px;bottom:214px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Performance obligations under the Group\u2019s co-brand credit card </div><div class=\"t s2_166\" id=\"t1y_166\" style=\"left:65px;bottom:198px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">agreements comprise: </div><div class=\"t s2_166\" id=\"t1z_166\" style=\"left:65px;bottom:175px;letter-spacing:-0.47px;display:inline;\">a) </div><div class=\"t s2_166\" id=\"t20_166\" style=\"left:82px;bottom:175px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">Arranging for the provision of future bene</div><div class=\"t s3_166\" id=\"t21_166\" style=\"left:314px;bottom:175px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">fits to members who </div><div class=\"t s2_166\" id=\"t22_166\" style=\"left:82px;bottom:160px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">have earned points or free night certi</div><div class=\"t s3_166\" id=\"t23_166\" style=\"left:289px;bottom:160px;letter-spacing:-0.03px;display:inline;\">ficates; </div><div class=\"t s2_166\" id=\"t24_166\" style=\"left:65px;bottom:141px;letter-spacing:-0.06px;word-spacing:1.09px;display:inline;\">b) Marketing services; and </div><div class=\"t s2_166\" id=\"t25_166\" style=\"left:65px;bottom:122px;letter-spacing:-0.06px;word-spacing:0.34px;display:inline;\">c) Providing the co-brand partner with the right to access the </div><div class=\"t s2_166\" id=\"t26_166\" style=\"left:82px;bottom:107px;letter-spacing:-0.05px;word-spacing:-0.08px;display:inline;\">loyalty programme. </div><div class=\"t s2_166\" id=\"t27_166\" style=\"left:461px;bottom:1115px;letter-spacing:-0.09px;word-spacing:-0.05px;display:inline;\">Revenue from a) and b) are reported within System Fund and </div><div class=\"t s2_166\" id=\"t28_166\" style=\"left:461px;bottom:1100px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">reimbursable revenues and revenue from c) is reported within fee </div><div class=\"t s2_166\" id=\"t29_166\" style=\"left:461px;bottom:1084px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">business revenue. </div><div class=\"t s2_166\" id=\"t2a_166\" style=\"left:461px;bottom:1061px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Fees from these agreements comprise </div><div class=\"t s3_166\" id=\"t2b_166\" style=\"left:679px;bottom:1061px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">fixed amounts normally </div><div class=\"t s2_166\" id=\"t2c_166\" style=\"left:461px;bottom:1046px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">payable at the beginning of the contract, and variable amounts </div><div class=\"t s2_166\" id=\"t2d_166\" style=\"left:461px;bottom:1031px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">paid on a monthly basis. Variable amounts are typically based on </div><div class=\"t s2_166\" id=\"t2e_166\" style=\"left:461px;bottom:1016px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">the number of points and free night certi</div><div class=\"t s3_166\" id=\"t2f_166\" style=\"left:688px;bottom:1016px;letter-spacing:-0.02px;word-spacing:-0.13px;display:inline;\">ficates issued to members </div><div class=\"t s2_166\" id=\"t2g_166\" style=\"left:461px;bottom:1000px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">and the marketing services performed by the Group. Total fees are </div><div class=\"t s2_166\" id=\"t2h_166\" style=\"left:461px;bottom:985px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">allocated to the performance obligations based on their estimated </div><div class=\"t s2_166\" id=\"t2i_166\" style=\"left:461px;bottom:970px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">stand-alone selling prices. Revenue allocated to marketing and </div><div class=\"t s2_166\" id=\"t2j_166\" style=\"left:461px;bottom:955px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">licensing obligations is recognised on a monthly basis as the </div><div class=\"t s3_166\" id=\"t2k_166\" style=\"left:461px;bottom:939px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">obligations are satisfied. Revenue relating to points and </div><div class=\"t s2_166\" id=\"t2l_166\" style=\"left:772px;bottom:939px;letter-spacing:-0.1px;word-spacing:-0.06px;display:inline;\">free night </div><div class=\"t s3_166\" id=\"t2m_166\" style=\"left:461px;bottom:924px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">certificates is recognised when the member has consumed the </div><div class=\"t s3_166\" id=\"t2n_166\" style=\"left:461px;bottom:909px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">points or certificates at a participating hotel or has selected a reward </div><div class=\"t s2_166\" id=\"t2o_166\" style=\"left:461px;bottom:893px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">from a third party, net of the cost of reimbursing the hotel or third </div><div class=\"t s3_166\" id=\"t2p_166\" style=\"left:461px;bottom:878px;letter-spacing:-0.05px;word-spacing:-0.11px;display:inline;\">party that is providing the benefit. </div><div class=\"t s2_166\" id=\"t2q_166\" style=\"left:461px;bottom:855px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Judgement is required in estimating the stand-alone selling prices </div><div class=\"t s2_166\" id=\"t2r_166\" style=\"left:461px;bottom:840px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">which are based upon generally accepted valuation methodologies </div><div class=\"t s2_166\" id=\"t2s_166\" style=\"left:461px;bottom:825px;letter-spacing:-0.12px;word-spacing:-0.08px;display:inline;\">regarding the value of the licence provided and the number of points </div><div class=\"t s3_166\" id=\"t2t_166\" style=\"left:461px;bottom:809px;letter-spacing:-0.12px;word-spacing:-0.11px;display:inline;\">and certificates expected to be issued. However, the value o</div><div class=\"t s2_166\" id=\"t2u_166\" style=\"left:793px;bottom:809px;letter-spacing:-0.17px;word-spacing:-0.07px;display:inline;\">f revenue </div><div class=\"t s2_166\" id=\"t2v_166\" style=\"left:461px;bottom:794px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">recognised and the deferred revenue balance at the end of the year </div><div class=\"t s2_166\" id=\"t2w_166\" style=\"left:461px;bottom:779px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">is not materially sensitive to changes in these assumptions. </div><div class=\"t s1_166\" id=\"t2x_166\" style=\"left:461px;bottom:756px;letter-spacing:-0.05px;word-spacing:-0.08px;display:inline;\">Reimbursable revenues </div><div class=\"t s2_166\" id=\"t2y_166\" style=\"left:461px;bottom:741px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">In a managed property, the Group typically acts as employer of the </div><div class=\"t s2_166\" id=\"t2z_166\" style=\"left:461px;bottom:725px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">general manager and, in some cases, other employees at the hotel </div><div class=\"t s2_166\" id=\"t30_166\" style=\"left:461px;bottom:710px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">and is entitled to reimbursement of these costs. The performance </div><div class=\"t s3_166\" id=\"t31_166\" style=\"left:461px;bottom:695px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">obligation is satisfied over time as the employees per</div><div class=\"t s2_166\" id=\"t32_166\" style=\"left:756px;bottom:695px;letter-spacing:-0.09px;word-spacing:-0.07px;display:inline;\">form their </div><div class=\"t s2_166\" id=\"t33_166\" style=\"left:461px;bottom:680px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">duties, consistent with when reimbursement is received. </div><div class=\"t s2_166\" id=\"t34_166\" style=\"left:461px;bottom:664px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Reimbursements for these services are shown as revenue with an </div><div class=\"t s3_166\" id=\"t35_166\" style=\"left:461px;bottom:649px;letter-spacing:-0.17px;word-spacing:-0.1px;display:inline;\">equal matching employee cost, with no profit impact. Certain other </div><div class=\"t s2_166\" id=\"t36_166\" style=\"left:461px;bottom:634px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">costs relating to both managed and franchised hotels are also </div><div class=\"t s2_166\" id=\"t37_166\" style=\"left:461px;bottom:618px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">contractually reimbursable to IHG and, where IHG is deemed to </div><div class=\"t s2_166\" id=\"t38_166\" style=\"left:461px;bottom:603px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">be acting as principal in the provision of the related services, the </div><div class=\"t s2_166\" id=\"t39_166\" style=\"left:461px;bottom:588px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">revenue and cost are shown on a gross basis. </div><div class=\"t s4_166\" id=\"t3a_166\" style=\"left:461px;bottom:565px;letter-spacing:0.01px;word-spacing:-0.14px;display:inline;\">Segmental information </div><div class=\"t s2_166\" id=\"t3b_166\" style=\"left:461px;bottom:550px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">The Group has four reportable segments re</div><div class=\"t s3_166\" id=\"t3c_166\" style=\"left:703px;bottom:550px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">flecting its geographical </div><div class=\"t s2_166\" id=\"t3d_166\" style=\"left:461px;bottom:534px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">regions (Americas, EMEAA, Greater China) and its Central functions. </div><div class=\"t s2_166\" id=\"t3e_166\" style=\"left:461px;bottom:511px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Central functions include technology, sales and marketing, </div><div class=\"t s3_166\" id=\"t3f_166\" style=\"left:461px;bottom:496px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">finance, human resources, corporate services and insurance results. </div><div class=\"t s2_166\" id=\"t3g_166\" style=\"left:461px;bottom:481px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Central revenue arises principally from technology fee income. </div><div class=\"t s2_166\" id=\"t3h_166\" style=\"left:461px;bottom:458px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">No operating segments are aggregated to form these </div><div class=\"t s2_166\" id=\"t3i_166\" style=\"left:461px;bottom:443px;letter-spacing:0.01px;word-spacing:-0.15px;display:inline;\">reportable segments. </div><div class=\"t s2_166\" id=\"t3j_166\" style=\"left:461px;bottom:420px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Management monitors the operating results of these reportable </div><div class=\"t s2_166\" id=\"t3k_166\" style=\"left:461px;bottom:405px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">segments for the purpose of making decisions about resource </div><div class=\"t s2_166\" id=\"t3l_166\" style=\"left:461px;bottom:389px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">allocation and performance assessment. Each of the geographical </div><div class=\"t s2_166\" id=\"t3m_166\" style=\"left:461px;bottom:374px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">regions is led by its own Chief Executive O\ufb00icer or Managing </div><div class=\"t s2_166\" id=\"t3n_166\" style=\"left:461px;bottom:359px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Director who reports to the Group Chief Executive O\ufb00icer. </div><div class=\"t s3_166\" id=\"t3o_166\" style=\"left:461px;bottom:336px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The System Fund is not managed to generate a profit or loss </div><div class=\"t s2_166\" id=\"t3p_166\" style=\"left:799px;bottom:336px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">for IHG </div><div class=\"t s2_166\" id=\"t3q_166\" style=\"left:461px;bottom:321px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">over the longer term and cost reimbursements do not impact in-year </div><div class=\"t s3_166\" id=\"t3r_166\" style=\"left:461px;bottom:305px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">profit or loss. System Fund and reimbursable revenues and results </div><div class=\"t s2_166\" id=\"t3s_166\" style=\"left:461px;bottom:290px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">are therefore not regularly reviewed by the Chief Operating Decision </div><div class=\"t s2_166\" id=\"t3t_166\" style=\"left:461px;bottom:275px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Maker (\u2018CODM\u2019) and do not constitute an operating segment under </div><div class=\"t s2_166\" id=\"t3u_166\" style=\"left:461px;bottom:259px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">IFRS 8 \u2018Operating Segments\u2019. </div><div class=\"t s2_166\" id=\"t3v_166\" style=\"left:461px;bottom:236px;letter-spacing:-0.22px;word-spacing:-0.1px;display:inline;\">Segmental performance is evaluated based on operating pro</div><div class=\"t s3_166\" id=\"t3w_166\" style=\"left:791px;bottom:236px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">fit or loss </div><div class=\"t s3_166\" id=\"t3x_166\" style=\"left:461px;bottom:221px;letter-spacing:-0.24px;word-spacing:-0.09px;display:inline;\">and is measured consistently with operating profit or loss in the Group </div><div class=\"t s2_166\" id=\"t3y_166\" style=\"left:461px;bottom:206px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Financial Statements, excluding System Fund, reimbursables and </div><div class=\"t s3_166\" id=\"t3z_166\" style=\"left:461px;bottom:191px;letter-spacing:-0.18px;word-spacing:-0.09px;display:inline;\">exceptional items. Group financing activities, </div><div class=\"t s2_166\" id=\"t40_166\" style=\"left:710px;bottom:191px;letter-spacing:-0.18px;word-spacing:-0.1px;display:inline;\">fair value gains or losses </div><div class=\"t s2_166\" id=\"t41_166\" style=\"left:461px;bottom:175px;letter-spacing:-0.22px;word-spacing:-0.1px;display:inline;\">on contingent purchase consideration and income taxes are managed </div><div class=\"t s2_166\" id=\"t42_166\" style=\"left:461px;bottom:160px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">on a Group basis and are not allocated to reportable segments. </div><div class=\"t s4_166\" id=\"t43_166\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t s0_166\" id=\"t44_166\" style=\"left:65px;bottom:31px;letter-spacing:0.1px;display:inline;\"></div><div></div><div class=\"t s0_167\" id=\"t1_167\" style=\"left:65px;bottom:1115px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">Government grants </div><div class=\"t s1_167\" id=\"t2_167\" style=\"left:65px;bottom:1100px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The Group receives government support income relating to the </div><div class=\"t s1_167\" id=\"t3_167\" style=\"left:65px;bottom:1084px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Group\u2019s corporate o\ufb00ice presence in certain countries and, as a </div><div class=\"t s1_167\" id=\"t4_167\" style=\"left:65px;bottom:1069px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">result of Covid-19, has received support at certain of the Group\u2019s </div><div class=\"t s1_167\" id=\"t5_167\" style=\"left:65px;bottom:1054px;letter-spacing:-0.02px;word-spacing:-0.13px;display:inline;\">leased hotels. </div><div class=\"t s1_167\" id=\"t6_167\" style=\"left:65px;bottom:1031px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Where grants are intended to compensate payroll costs they are </div><div class=\"t s2_167\" id=\"t7_167\" style=\"left:65px;bottom:1016px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">recognised as an o\ufb00set within sta\ufb00 costs; those which are unrelated </div><div class=\"t s2_167\" id=\"t8_167\" style=\"left:65px;bottom:1000px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">to specific costs are presented within other operating income. </div><div class=\"t s1_167\" id=\"t9_167\" style=\"left:65px;bottom:985px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">As grants are recognised only where there is reasonable assurance </div><div class=\"t s1_167\" id=\"ta_167\" style=\"left:65px;bottom:970px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">that the grant will be received and all attached conditions will be </div><div class=\"t s1_167\" id=\"tb_167\" style=\"left:65px;bottom:955px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">complied with, the grants may be recognised in subsequent years. </div><div class=\"t s1_167\" id=\"tc_167\" style=\"left:65px;bottom:932px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Receiving support at leased hotels may result in additional variable </div><div class=\"t s2_167\" id=\"td_167\" style=\"left:65px;bottom:916px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">rent; these amounts are not o\ufb00set in the Group income statement. </div><div class=\"t s0_167\" id=\"te_167\" style=\"left:65px;bottom:893px;letter-spacing:0.02px;word-spacing:-0.15px;display:inline;\">Financial income and expenses </div><div class=\"t s1_167\" id=\"tf_167\" style=\"left:65px;bottom:878px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Financial income and expenses include income and charges </div><div class=\"t s2_167\" id=\"tg_167\" style=\"left:65px;bottom:863px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">on the Group\u2019s financial assets and liabilities and related hedging </div><div class=\"t s1_167\" id=\"th_167\" style=\"left:65px;bottom:848px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">instruments, and foreign exchange gains and losses primarily related </div><div class=\"t s1_167\" id=\"ti_167\" style=\"left:65px;bottom:832px;letter-spacing:-0.1px;word-spacing:-0.05px;display:inline;\">to the Group\u2019s internal funding structure. </div><div class=\"t s1_167\" id=\"tj_167\" style=\"left:65px;bottom:809px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Finance charges relating to bank and other borrowings, including </div><div class=\"t s1_167\" id=\"tk_167\" style=\"left:65px;bottom:794px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">transaction costs and any discount or premium on issue, are </div><div class=\"t s2_167\" id=\"tl_167\" style=\"left:65px;bottom:779px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">recognised in the Group income statement using the e\ufb00ective </div><div class=\"t s1_167\" id=\"tm_167\" style=\"left:65px;bottom:764px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">interest rate method. </div><div class=\"t s1_167\" id=\"tn_167\" style=\"left:65px;bottom:741px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Borrowing costs attributable to the acquisition or development of </div><div class=\"t s1_167\" id=\"to_167\" style=\"left:65px;bottom:725px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">assets that necessarily take a substantial period of time to prepare </div><div class=\"t s1_167\" id=\"tp_167\" style=\"left:65px;bottom:710px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">for their intended use are capitalised as part of the asset cost. </div><div class=\"t s1_167\" id=\"tq_167\" style=\"left:65px;bottom:687px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">In the Group statement of cash </div><div class=\"t s2_167\" id=\"tr_167\" style=\"left:241px;bottom:687px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">flows, interest paid and received is </div><div class=\"t s1_167\" id=\"ts_167\" style=\"left:65px;bottom:672px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">presented within cash from operating activities, including any fees </div><div class=\"t s1_167\" id=\"tt_167\" style=\"left:65px;bottom:657px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">and discounts on issuance or settlement of borrowings. Capitalised </div><div class=\"t s1_167\" id=\"tu_167\" style=\"left:65px;bottom:641px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">interest paid is presented within investing activities. </div><div class=\"t s0_167\" id=\"tv_167\" style=\"left:65px;bottom:618px;word-spacing:-0.14px;display:inline;\">Exceptional items </div><div class=\"t s2_167\" id=\"tw_167\" style=\"left:65px;bottom:603px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">The Group discloses certain financial in</div><div class=\"t s1_167\" id=\"tx_167\" style=\"left:284px;bottom:603px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">formation both including </div><div class=\"t s1_167\" id=\"ty_167\" style=\"left:65px;bottom:588px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">and excluding exceptional items. The presentation of information </div><div class=\"t s1_167\" id=\"tz_167\" style=\"left:65px;bottom:573px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">excluding exceptional items allows a better understanding of the </div><div class=\"t s1_167\" id=\"t10_167\" style=\"left:65px;bottom:557px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">underlying trading performance and trends of the Group and its </div><div class=\"t s1_167\" id=\"t11_167\" style=\"left:65px;bottom:542px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">reportable segments. It also provides consistency with the Group\u2019s </div><div class=\"t s1_167\" id=\"t12_167\" style=\"left:65px;bottom:527px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">internal management reporting. </div><div class=\"t s1_167\" id=\"t13_167\" style=\"left:65px;bottom:504px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">In determining whether an event or transaction is exceptional, </div><div class=\"t s1_167\" id=\"t14_167\" style=\"left:65px;bottom:489px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">quantitative and qualitative factors are considered. Exceptional </div><div class=\"t s2_167\" id=\"t15_167\" style=\"left:65px;bottom:473px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">items are identified by virtue o</div><div class=\"t s1_167\" id=\"t16_167\" style=\"left:234px;bottom:473px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">f their size, nature or incidence, with </div><div class=\"t s1_167\" id=\"t17_167\" style=\"left:65px;bottom:458px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">consideration given to consistency of treatment with prior years and </div><div class=\"t s1_167\" id=\"t18_167\" style=\"left:65px;bottom:443px;word-spacing:-0.14px;display:inline;\">between gains and losses. </div><div class=\"t s3_167\" id=\"t19_167\" style=\"left:65px;bottom:420px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">The tax e\ufb00ect of exceptional items is also presented as exceptional. </div><div class=\"t s1_167\" id=\"t1a_167\" style=\"left:65px;bottom:397px;letter-spacing:-0.13px;word-spacing:-0.1px;display:inline;\">Examples of exceptional items include, but are not restricted to, gains </div><div class=\"t s1_167\" id=\"t1b_167\" style=\"left:65px;bottom:382px;letter-spacing:-0.29px;word-spacing:-0.1px;display:inline;\">and losses on the disposal of assets, impairment charges and reversals, </div><div class=\"t s1_167\" id=\"t1c_167\" style=\"left:65px;bottom:366px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">the costs of individually signi</div><div class=\"t s2_167\" id=\"t1d_167\" style=\"left:226px;bottom:366px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">ficant legal cases or commercial </div><div class=\"t s1_167\" id=\"t1e_167\" style=\"left:65px;bottom:351px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">disputes and reorganisation costs. All exceptional items are subject </div><div class=\"t s1_167\" id=\"t1f_167\" style=\"left:65px;bottom:336px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">to review by the Audit Committee. </div><div class=\"t s0_167\" id=\"t1g_167\" style=\"left:461px;bottom:1115px;letter-spacing:0.01px;word-spacing:-0.15px;display:inline;\">Earnings per share </div><div class=\"t s1_167\" id=\"t1h_167\" style=\"left:461px;bottom:1100px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Basic earnings or loss per ordinary share is calculated by dividing </div><div class=\"t s2_167\" id=\"t1i_167\" style=\"left:461px;bottom:1084px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">the profit or loss </div><div class=\"t s1_167\" id=\"t1j_167\" style=\"left:555px;bottom:1084px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">for the year available for IHG equity holders by the </div><div class=\"t s1_167\" id=\"t1k_167\" style=\"left:461px;bottom:1069px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">weighted average number of ordinary shares, excluding investment </div><div class=\"t s1_167\" id=\"t1l_167\" style=\"left:461px;bottom:1054px;letter-spacing:-0.09px;word-spacing:-0.05px;display:inline;\">in own shares, in issue during the year. </div><div class=\"t s1_167\" id=\"t1m_167\" style=\"left:461px;bottom:1031px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Diluted earnings or loss per ordinary share is calculated by adjusting </div><div class=\"t s2_167\" id=\"t1n_167\" style=\"left:461px;bottom:1016px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">basic earnings or loss per ordinary share to reflect the notional </div><div class=\"t s1_167\" id=\"t1o_167\" style=\"left:461px;bottom:1000px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">exercise of the weighted average number of dilutive ordinary share </div><div class=\"t s3_167\" id=\"t1p_167\" style=\"left:461px;bottom:985px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">awards outstanding during the year. Where the e\ufb00ect of the notional </div><div class=\"t s1_167\" id=\"t1q_167\" style=\"left:461px;bottom:970px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">exercise of outstanding ordinary share awards is anti-dilutive, these </div><div class=\"t s1_167\" id=\"t1r_167\" style=\"left:461px;bottom:955px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">are excluded from the diluted earnings per share calculation. </div><div class=\"t s0_167\" id=\"t1s_167\" style=\"left:461px;bottom:932px;letter-spacing:0.03px;word-spacing:-0.16px;display:inline;\">Business combinations and goodwill </div><div class=\"t s1_167\" id=\"t1t_167\" style=\"left:461px;bottom:916px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">On the acquisition of a business, identi</div><div class=\"t s2_167\" id=\"t1u_167\" style=\"left:677px;bottom:916px;letter-spacing:-0.02px;word-spacing:-0.13px;display:inline;\">fiable assets acquired </div><div class=\"t s1_167\" id=\"t1v_167\" style=\"left:461px;bottom:901px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">and liabilities assumed are measured at their fair value. Contingent </div><div class=\"t s1_167\" id=\"t1w_167\" style=\"left:461px;bottom:886px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">liabilities assumed are measured at fair value unless this cannot </div><div class=\"t s1_167\" id=\"t1x_167\" style=\"left:461px;bottom:871px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">be measured reliably, in which case they are not recognised but </div><div class=\"t s1_167\" id=\"t1y_167\" style=\"left:461px;bottom:855px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">are disclosed in the same manner as other contingent liabilities. </div><div class=\"t s1_167\" id=\"t1z_167\" style=\"left:461px;bottom:832px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">The measurement of deferred tax assets and liabilities arising on </div><div class=\"t s1_167\" id=\"t20_167\" style=\"left:461px;bottom:817px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">acquisition is as described in the general principles detailed within </div><div class=\"t s1_167\" id=\"t21_167\" style=\"left:461px;bottom:802px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">the \u2018Taxes\u2019 accounting policy note on page 170 with the exception </div><div class=\"t s3_167\" id=\"t22_167\" style=\"left:461px;bottom:786px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">that no deferred tax is provided on taxable temporary di\ufb00erences </div><div class=\"t s1_167\" id=\"t23_167\" style=\"left:461px;bottom:771px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">in connection with the initial recognition of goodwill. </div><div class=\"t s1_167\" id=\"t24_167\" style=\"left:461px;bottom:748px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">The cost of an acquisition is measured as the aggregate of the </div><div class=\"t s1_167\" id=\"t25_167\" style=\"left:461px;bottom:733px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">fair value of the consideration transferred. Contingent purchase </div><div class=\"t s1_167\" id=\"t26_167\" style=\"left:461px;bottom:718px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">consideration is measured at fair value on the date of acquisition and </div><div class=\"t s1_167\" id=\"t27_167\" style=\"left:461px;bottom:702px;letter-spacing:-0.18px;word-spacing:-0.09px;display:inline;\">is re-measured at fair value at each reporting date with changes in fair </div><div class=\"t s1_167\" id=\"t28_167\" style=\"left:461px;bottom:687px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">value recognised on the face of the Group income statement below </div><div class=\"t s2_167\" id=\"t29_167\" style=\"left:461px;bottom:672px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">operating profit. De</div><div class=\"t s1_167\" id=\"t2a_167\" style=\"left:570px;bottom:672px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">ferred purchase consideration is subsequently </div><div class=\"t s3_167\" id=\"t2b_167\" style=\"left:461px;bottom:657px;letter-spacing:-0.1px;word-spacing:-0.1px;display:inline;\">measured at amortised cost and the e\ufb00ect of unwinding the discount </div><div class=\"t s2_167\" id=\"t2c_167\" style=\"left:461px;bottom:641px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">is recorded in financial expenses. </div><div class=\"t s1_167\" id=\"t2d_167\" style=\"left:461px;bottom:618px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Payments of contingent and deferred purchase consideration </div><div class=\"t s1_167\" id=\"t2e_167\" style=\"left:461px;bottom:603px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">reduce the respective liabilities. In respect of contingent purchase </div><div class=\"t s1_167\" id=\"t2f_167\" style=\"left:461px;bottom:588px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">consideration, the portion of each payment relating to its original </div><div class=\"t s1_167\" id=\"t2g_167\" style=\"left:461px;bottom:573px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">estimate of fair value on acquisition is reported within cash </div><div class=\"t s2_167\" id=\"t2h_167\" style=\"left:791px;bottom:573px;letter-spacing:-0.06px;display:inline;\">flow </div><div class=\"t s1_167\" id=\"t2i_167\" style=\"left:461px;bottom:557px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">from investing activities in the Group statement of cash </div><div class=\"t s2_167\" id=\"t2j_167\" style=\"left:772px;bottom:557px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">flows and </div><div class=\"t s1_167\" id=\"t2k_167\" style=\"left:461px;bottom:542px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">the portion of each payment relating to the increase or decrease </div><div class=\"t s1_167\" id=\"t2l_167\" style=\"left:461px;bottom:527px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">in the liability since the acquisition date is reported within cash </div><div class=\"t s2_167\" id=\"t2m_167\" style=\"left:461px;bottom:511px;letter-spacing:-0.06px;display:inline;\">flow </div><div class=\"t s1_167\" id=\"t2n_167\" style=\"left:488px;bottom:511px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">from operating activities. In respect of deferred purchase </div><div class=\"t s1_167\" id=\"t2o_167\" style=\"left:461px;bottom:496px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">consideration, the cash paid in excess of the initial fair value is </div><div class=\"t s1_167\" id=\"t2p_167\" style=\"left:461px;bottom:481px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">reported within interest paid, and the remainder is reported within </div><div class=\"t s2_167\" id=\"t2q_167\" style=\"left:461px;bottom:466px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">cash flows </div><div class=\"t s1_167\" id=\"t2r_167\" style=\"left:523px;bottom:466px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">from investing activities. </div><div class=\"t s3_167\" id=\"t2s_167\" style=\"left:461px;bottom:443px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Goodwill is recorded at cost, being the di\ufb00erence between the fair </div><div class=\"t s1_167\" id=\"t2t_167\" style=\"left:461px;bottom:427px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">value of the consideration and the fair value of net assets acquired. </div><div class=\"t s1_167\" id=\"t2u_167\" style=\"left:461px;bottom:412px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Following initial recognition, goodwill is measured at cost less any </div><div class=\"t s1_167\" id=\"t2v_167\" style=\"left:461px;bottom:397px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">accumulated impairment losses and is not amortised. </div><div class=\"t s1_167\" id=\"t2w_167\" style=\"left:461px;bottom:374px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Transaction costs are expensed and are not included in the cost </div><div class=\"t s1_167\" id=\"t2x_167\" style=\"left:461px;bottom:359px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">of acquisition. </div><div class=\"t s4_167\" id=\"t2y_167\" style=\"left:65px;bottom:31px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\"> </div><div class=\"t m0_167 s5_167\" id=\"t2z_167\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t s4_167\" id=\"t30_167\" style=\"left:825px;bottom:31px;letter-spacing:0.1px;display:inline;\"> </div><div></div><div class=\"t s0_168\" id=\"t1_168\" style=\"left:65px;bottom:1115px;letter-spacing:0.02px;word-spacing:-0.16px;display:inline;\">Intangible assets </div><div class=\"t s1_168\" id=\"t2_168\" style=\"left:65px;bottom:1100px;letter-spacing:0.01px;display:inline;\">Brands </div><div class=\"t s2_168\" id=\"t3_168\" style=\"left:65px;bottom:1084px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Externally acquired brands are initially recorded at cost if separately </div><div class=\"t s2_168\" id=\"t4_168\" style=\"left:65px;bottom:1069px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">acquired or fair value if acquired as part of a business combination, </div><div class=\"t s2_168\" id=\"t5_168\" style=\"left:65px;bottom:1054px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">provided the brands are controlled through contractual or other </div><div class=\"t s2_168\" id=\"t6_168\" style=\"left:65px;bottom:1039px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">legal rights, or are separable from the rest of the business. </div><div class=\"t s2_168\" id=\"t7_168\" style=\"left:65px;bottom:1023px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Brands are tested for impairment at least annually if determined </div><div class=\"t s3_168\" id=\"t8_168\" style=\"left:65px;bottom:1008px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">to have indefinite lives. </div><div class=\"t s2_168\" id=\"t9_168\" style=\"left:65px;bottom:985px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The costs of developing internally generated brands are expensed </div><div class=\"t s2_168\" id=\"ta_168\" style=\"left:65px;bottom:970px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">as incurred. </div><div class=\"t s1_168\" id=\"tb_168\" style=\"left:65px;bottom:947px;letter-spacing:0.01px;word-spacing:-0.13px;display:inline;\">Management agreements </div><div class=\"t s2_168\" id=\"tc_168\" style=\"left:65px;bottom:932px;letter-spacing:-0.08px;word-spacing:-0.14px;display:inline;\">Management agreements acquired as part of a business combination </div><div class=\"t s2_168\" id=\"td_168\" style=\"left:65px;bottom:916px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">are initially recognised at the fair value attributed to those contracts </div><div class=\"t s2_168\" id=\"te_168\" style=\"left:65px;bottom:901px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">on acquisition and are subsequently amortised on a straight-line </div><div class=\"t s2_168\" id=\"tf_168\" style=\"left:65px;bottom:886px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">basis over the term of the agreements, including any extension </div><div class=\"t s2_168\" id=\"tg_168\" style=\"left:65px;bottom:871px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">periods at the Group\u2019s option. </div><div class=\"t s1_168\" id=\"th_168\" style=\"left:65px;bottom:848px;letter-spacing:0.01px;display:inline;\">Software </div><div class=\"t s2_168\" id=\"ti_168\" style=\"left:65px;bottom:832px;letter-spacing:-0.06px;word-spacing:-0.1px;display:inline;\">Substantially all software is internally generated; amounts capitalised </div><div class=\"t s2_168\" id=\"tj_168\" style=\"left:65px;bottom:817px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">include internal and third-party labour and consultancy costs. </div><div class=\"t s2_168\" id=\"tk_168\" style=\"left:65px;bottom:794px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Internally generated development costs are capitalised when all </div><div class=\"t s2_168\" id=\"tl_168\" style=\"left:65px;bottom:779px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">of the following can be demonstrated: </div><div class=\"t s1_168\" id=\"tm_168\" style=\"left:65px;bottom:756px;display:inline;\">\u2022 </div><div class=\"t s2_168\" id=\"tn_168\" style=\"left:74px;bottom:756px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The ability and intention to complete the project; </div><div class=\"t s1_168\" id=\"to_168\" style=\"left:65px;bottom:737px;display:inline;\">\u2022 </div><div class=\"t s2_168\" id=\"tp_168\" style=\"left:74px;bottom:737px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">That the completed software will generate probable future </div><div class=\"t s3_168\" id=\"tq_168\" style=\"left:74px;bottom:722px;letter-spacing:0.01px;word-spacing:-0.15px;display:inline;\">economic benefits; </div><div class=\"t s1_168\" id=\"tr_168\" style=\"left:65px;bottom:702px;display:inline;\">\u2022 </div><div class=\"t s2_168\" id=\"ts_168\" style=\"left:74px;bottom:702px;letter-spacing:-0.07px;word-spacing:-0.1px;display:inline;\">The availability of adequate technical, </div><div class=\"t s3_168\" id=\"tt_168\" style=\"left:286px;bottom:702px;letter-spacing:-0.04px;word-spacing:-0.12px;display:inline;\">financial and other resources </div><div class=\"t s2_168\" id=\"tu_168\" style=\"left:74px;bottom:687px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">to complete the project; and </div><div class=\"t s1_168\" id=\"tv_168\" style=\"left:65px;bottom:668px;display:inline;\">\u2022 </div><div class=\"t s2_168\" id=\"tw_168\" style=\"left:74px;bottom:668px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The ability to measure the expenditure. </div><div class=\"t s2_168\" id=\"tx_168\" style=\"left:65px;bottom:645px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Following initial recognition, the asset is carried at cost less any </div><div class=\"t s2_168\" id=\"ty_168\" style=\"left:65px;bottom:630px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">accumulated amortisation and impairment losses. Costs are </div><div class=\"t s2_168\" id=\"tz_168\" style=\"left:65px;bottom:615px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">generally amortised over estimated useful lives of three to </div><div class=\"t s3_168\" id=\"t10_168\" style=\"left:390px;bottom:615px;letter-spacing:-0.07px;word-spacing:-0.09px;display:inline;\">five years </div><div class=\"t s2_168\" id=\"t11_168\" style=\"left:65px;bottom:599px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">on a straight-line basis with the exception of the Guest Reservation </div><div class=\"t s2_168\" id=\"t12_168\" style=\"left:65px;bottom:584px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">System which is amortised over seven to 10 years (see page 188). </div><div class=\"t s2_168\" id=\"t13_168\" style=\"left:65px;bottom:561px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Costs incurred in the research phase are expensed. In addition, </div><div class=\"t s3_168\" id=\"t14_168\" style=\"left:65px;bottom:546px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">configuration and customisation costs relating to cloud computing </div><div class=\"t s2_168\" id=\"t15_168\" style=\"left:65px;bottom:531px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">arrangements are expensed. </div><div class=\"t s0_168\" id=\"t16_168\" style=\"left:65px;bottom:508px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">Property, plant and equipment </div><div class=\"t s2_168\" id=\"t17_168\" style=\"left:65px;bottom:492px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Property, plant and equipment are stated at cost less depreciation </div><div class=\"t s2_168\" id=\"t18_168\" style=\"left:65px;bottom:477px;letter-spacing:-0.05px;word-spacing:-0.08px;display:inline;\">and any accumulated impairment. </div><div class=\"t s2_168\" id=\"t19_168\" style=\"left:65px;bottom:454px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Repairs and maintenance costs are expensed as incurred. </div><div class=\"t s2_168\" id=\"t1a_168\" style=\"left:65px;bottom:431px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Land is not depreciated. All other property, plant and equipment </div><div class=\"t s2_168\" id=\"t1b_168\" style=\"left:65px;bottom:416px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">are depreciated to a residual value over their estimated useful </div><div class=\"t s2_168\" id=\"t1c_168\" style=\"left:65px;bottom:401px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">lives, namely: </div><div class=\"t s1_168\" id=\"t1d_168\" style=\"left:65px;bottom:378px;display:inline;\">\u2022 </div><div class=\"t s2_168\" id=\"t1e_168\" style=\"left:74px;bottom:378px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">Buildings \u2013 over a maximum of 50 years; and </div><div class=\"t s1_168\" id=\"t1f_168\" style=\"left:65px;bottom:359px;display:inline;\">\u2022 </div><div class=\"t s3_168\" id=\"t1g_168\" style=\"left:74px;bottom:359px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Fixtures, fittings and equipment \u2013 three to 25 years. </div><div class=\"t s2_168\" id=\"t1h_168\" style=\"left:65px;bottom:336px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">All depreciation is charged on a straight-line basis. Residual value </div><div class=\"t s2_168\" id=\"t1i_168\" style=\"left:65px;bottom:321px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">is reassessed annually. </div><div class=\"t s2_168\" id=\"t1j_168\" style=\"left:65px;bottom:298px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Where the Group holds land or other property which it intends </div><div class=\"t s2_168\" id=\"t1k_168\" style=\"left:65px;bottom:282px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">to occupy and provide hotel services, either as owner or manager, </div><div class=\"t s3_168\" id=\"t1l_168\" style=\"left:65px;bottom:267px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">it is classified as property, plant and equipment. </div><div class=\"t s0_168\" id=\"t1m_168\" style=\"left:461px;bottom:1115px;letter-spacing:0.1px;display:inline;\">Leases </div><div class=\"t s1_168\" id=\"t1n_168\" style=\"left:461px;bottom:1100px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">The Group as lessee </div><div class=\"t s2_168\" id=\"t1o_168\" style=\"left:461px;bottom:1084px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">On inception of a contract, the Group assesses whether it contains </div><div class=\"t s2_168\" id=\"t1p_168\" style=\"left:461px;bottom:1069px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">a lease. A contract contains a lease when it conveys the right to </div><div class=\"t s2_168\" id=\"t1q_168\" style=\"left:461px;bottom:1054px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">control the use of an identi</div><div class=\"t s3_168\" id=\"t1r_168\" style=\"left:610px;bottom:1054px;letter-spacing:0.01px;word-spacing:-0.16px;display:inline;\">fied asset </div><div class=\"t s2_168\" id=\"t1s_168\" style=\"left:667px;bottom:1054px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">for a period of time in exchange </div><div class=\"t s2_168\" id=\"t1t_168\" style=\"left:461px;bottom:1039px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">for consideration. The right to use the asset and the obligation under </div><div class=\"t s2_168\" id=\"t1u_168\" style=\"left:461px;bottom:1023px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">the lease to make payments are recognised in the Group statement </div><div class=\"t s2_168\" id=\"t1v_168\" style=\"left:461px;bottom:1008px;letter-spacing:-0.11px;display:inline;\">of </div><div class=\"t s3_168\" id=\"t1w_168\" style=\"left:475px;bottom:1008px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">financial position as a right-o</div><div class=\"t s2_168\" id=\"t1x_168\" style=\"left:635px;bottom:1008px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">f-use asset and a lease liability. </div><div class=\"t s2_168\" id=\"t1y_168\" style=\"left:461px;bottom:985px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">Lease contracts may contain both lease and non-lease components. </div><div class=\"t s2_168\" id=\"t1z_168\" style=\"left:461px;bottom:970px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">The Group allocates payments in the contract to the lease and </div><div class=\"t s2_168\" id=\"t20_168\" style=\"left:461px;bottom:955px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">non-lease components based on their relative stand-alone prices </div><div class=\"t s2_168\" id=\"t21_168\" style=\"left:461px;bottom:939px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">and applies the lease accounting model only to lease components. </div><div class=\"t s2_168\" id=\"t22_168\" style=\"left:461px;bottom:916px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">The right-of-use asset recognised at lease commencement includes </div><div class=\"t s2_168\" id=\"t23_168\" style=\"left:461px;bottom:901px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">the amount of lease liability recognised, initial direct costs incurred </div><div class=\"t s2_168\" id=\"t24_168\" style=\"left:461px;bottom:886px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">and lease payments made at or before the commencement date, </div><div class=\"t s2_168\" id=\"t25_168\" style=\"left:461px;bottom:871px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">less any lease incentives received. Right-of-use assets are </div><div class=\"t s2_168\" id=\"t26_168\" style=\"left:461px;bottom:855px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">depreciated to a residual value over the shorter of the asset\u2019s </div><div class=\"t s2_168\" id=\"t27_168\" style=\"left:461px;bottom:840px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">estimated useful life and the lease term. Right-of-use assets are also </div><div class=\"t s2_168\" id=\"t28_168\" style=\"left:461px;bottom:825px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">adjusted for any re-measurement of lease liabilities and are subject </div><div class=\"t s2_168\" id=\"t29_168\" style=\"left:461px;bottom:809px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">to impairment testing. Residual value is reassessed annually. </div><div class=\"t s2_168\" id=\"t2a_168\" style=\"left:461px;bottom:787px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">A lease liability is recorded when the leased asset is available for </div><div class=\"t s2_168\" id=\"t2b_168\" style=\"left:461px;bottom:771px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">use by the Group and is initially measured at the present value of </div><div class=\"t s2_168\" id=\"t2c_168\" style=\"left:461px;bottom:756px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">the lease payments to be made over the lease term. The lease </div><div class=\"t s3_168\" id=\"t2d_168\" style=\"left:461px;bottom:741px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">payments include fixed payments (including \u2018in-substance fixed\u2019 </div><div class=\"t s2_168\" id=\"t2e_168\" style=\"left:461px;bottom:725px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">payments) and variable lease payments that depend on an index or </div><div class=\"t s2_168\" id=\"t2f_168\" style=\"left:461px;bottom:710px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">a rate (initially measured using the index or rate at commencement), </div><div class=\"t s3_168\" id=\"t2g_168\" style=\"left:461px;bottom:695px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">less any lease incentives receivable. \u2018In-substance fixed\u2019 payments </div><div class=\"t s2_168\" id=\"t2h_168\" style=\"left:461px;bottom:680px;letter-spacing:-0.1px;word-spacing:-0.05px;display:inline;\">are payments that may, in form, contain variability but that, in </div><div class=\"t s2_168\" id=\"t2i_168\" style=\"left:461px;bottom:664px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">substance, are unavoidable. In calculating the present value of lease </div><div class=\"t s2_168\" id=\"t2j_168\" style=\"left:461px;bottom:649px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">payments, the Group uses its incremental borrowing rate at the </div><div class=\"t s2_168\" id=\"t2k_168\" style=\"left:461px;bottom:634px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">lease commencement date if the interest rate implicit in the lease </div><div class=\"t s2_168\" id=\"t2l_168\" style=\"left:461px;bottom:618px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">is not readily determinable. </div><div class=\"t s2_168\" id=\"t2m_168\" style=\"left:461px;bottom:596px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">The lease term includes periods subject to extension options which </div><div class=\"t s2_168\" id=\"t2n_168\" style=\"left:461px;bottom:580px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">the Group is reasonably certain to exercise and excludes the e\ufb00ect </div><div class=\"t s2_168\" id=\"t2o_168\" style=\"left:461px;bottom:565px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">of early termination options where the Group is reasonably certain </div><div class=\"t s2_168\" id=\"t2p_168\" style=\"left:461px;bottom:550px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">that it will not exercise the option. Minimum lease payments include </div><div class=\"t s2_168\" id=\"t2q_168\" style=\"left:461px;bottom:534px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">the cost of a purchase option if the Group is reasonably certain it will </div><div class=\"t s2_168\" id=\"t2r_168\" style=\"left:461px;bottom:519px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">purchase the underlying asset after the lease term. </div><div class=\"t s2_168\" id=\"t2s_168\" style=\"left:461px;bottom:496px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">After the commencement date, the amount of lease liabilities is </div><div class=\"t s3_168\" id=\"t2t_168\" style=\"left:461px;bottom:481px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">increased to reflect the accretion o</div><div class=\"t s2_168\" id=\"t2u_168\" style=\"left:656px;bottom:481px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">f interest and reduced for lease </div><div class=\"t s2_168\" id=\"t2v_168\" style=\"left:461px;bottom:466px;letter-spacing:-0.22px;word-spacing:-0.12px;display:inline;\">payments made. The carrying amount of lease liabilities is re-measured </div><div class=\"t s2_168\" id=\"t2w_168\" style=\"left:461px;bottom:450px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">if there is a modi</div><div class=\"t s3_168\" id=\"t2x_168\" style=\"left:553px;bottom:450px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">fication, a change in the lease term or a change in </div><div class=\"t s2_168\" id=\"t2y_168\" style=\"left:461px;bottom:435px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">lease payments as a result of a rent review or change in the relevant </div><div class=\"t s2_168\" id=\"t2z_168\" style=\"left:461px;bottom:420px;letter-spacing:-0.09px;word-spacing:-0.05px;display:inline;\">index or rate. </div><div class=\"t s2_168\" id=\"t30_168\" style=\"left:461px;bottom:397px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">Variable lease payments are payable under certain of the Group\u2019s </div><div class=\"t s2_168\" id=\"t31_168\" style=\"left:461px;bottom:382px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">hotel leases and arise where the Group is committed to making </div><div class=\"t s2_168\" id=\"t32_168\" style=\"left:461px;bottom:366px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">lease payments that are contingent on the performance of these </div><div class=\"t s2_168\" id=\"t33_168\" style=\"left:461px;bottom:351px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">hotels. Such lease payments that do not depend on an index or </div><div class=\"t s2_168\" id=\"t34_168\" style=\"left:461px;bottom:336px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">a rate are recognised as an expense in the period over which the </div><div class=\"t s2_168\" id=\"t35_168\" style=\"left:461px;bottom:321px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">event or condition that triggers the payment occurs. </div><div class=\"t s0_168\" id=\"t36_168\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t s1_168\" id=\"t37_168\" style=\"left:65px;bottom:31px;letter-spacing:0.08px;display:inline;\"></div><div></div><div class=\"t s0_169\" id=\"t1_169\" style=\"left:65px;bottom:1115px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The Group has opted not to apply the lease accounting model to </div><div class=\"t s0_169\" id=\"t2_169\" style=\"left:65px;bottom:1100px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">intangible assets, leases of low-value assets or leases which have </div><div class=\"t s0_169\" id=\"t3_169\" style=\"left:65px;bottom:1084px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">a term of less than 12 months. Costs associated with these leases </div><div class=\"t s0_169\" id=\"t4_169\" style=\"left:65px;bottom:1069px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">are recognised as an expense on a straight-line basis over the </div><div class=\"t s0_169\" id=\"t5_169\" style=\"left:65px;bottom:1054px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">lease term. </div><div class=\"t s0_169\" id=\"t6_169\" style=\"left:65px;bottom:1031px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Payments and receipts are presented as follows in the Group </div><div class=\"t s0_169\" id=\"t7_169\" style=\"left:65px;bottom:1016px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">statement of cash </div><div class=\"t s1_169\" id=\"t8_169\" style=\"left:168px;bottom:1016px;letter-spacing:-0.06px;display:inline;\">flows: </div><div class=\"t s2_169\" id=\"t9_169\" style=\"left:65px;bottom:993px;display:inline;\">\u2022 </div><div class=\"t s0_169\" id=\"ta_169\" style=\"left:74px;bottom:993px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Short-term lease payments, payments for leases of low-value </div><div class=\"t s0_169\" id=\"tb_169\" style=\"left:74px;bottom:977px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">assets and variable lease payments that are not included in the </div><div class=\"t s0_169\" id=\"tc_169\" style=\"left:74px;bottom:962px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">measurement of the lease liabilities are presented within cash </div><div class=\"t s1_169\" id=\"td_169\" style=\"left:74px;bottom:947px;letter-spacing:-0.06px;display:inline;\">flows </div><div class=\"t s0_169\" id=\"te_169\" style=\"left:106px;bottom:947px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">from operating activities; </div><div class=\"t s2_169\" id=\"tf_169\" style=\"left:65px;bottom:928px;display:inline;\">\u2022 </div><div class=\"t s0_169\" id=\"tg_169\" style=\"left:74px;bottom:928px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Payments for the interest element of recognised lease liabilities are </div><div class=\"t s1_169\" id=\"th_169\" style=\"left:74px;bottom:913px;letter-spacing:-0.12px;word-spacing:-0.09px;display:inline;\">included in interest paid within cash flows </div><div class=\"t s0_169\" id=\"ti_169\" style=\"left:307px;bottom:913px;letter-spacing:-0.13px;word-spacing:-0.08px;display:inline;\">from operating activities; </div><div class=\"t s0_169\" id=\"tj_169\" style=\"left:74px;bottom:897px;letter-spacing:-0.06px;display:inline;\">and </div><div class=\"t s2_169\" id=\"tk_169\" style=\"left:65px;bottom:878px;display:inline;\">\u2022 </div><div class=\"t s0_169\" id=\"tl_169\" style=\"left:74px;bottom:878px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Payments for the principal element of recognised lease liabilities </div><div class=\"t s1_169\" id=\"tm_169\" style=\"left:74px;bottom:863px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">are presented within cash flows </div><div class=\"t s0_169\" id=\"tn_169\" style=\"left:252px;bottom:863px;letter-spacing:-0.1px;display:inline;\">from </div><div class=\"t s1_169\" id=\"to_169\" style=\"left:282px;bottom:863px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">financing activities. </div><div class=\"t s2_169\" id=\"tp_169\" style=\"left:65px;bottom:840px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">The Group as lessor </div><div class=\"t s0_169\" id=\"tq_169\" style=\"left:65px;bottom:825px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Leases, including subleases, for which the Group is a lessor are </div><div class=\"t s1_169\" id=\"tr_169\" style=\"left:65px;bottom:809px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">classified as finance or operating leases. Whenever the terms o</div><div class=\"t s0_169\" id=\"ts_169\" style=\"left:416px;bottom:809px;letter-spacing:-0.11px;word-spacing:-0.06px;display:inline;\">f the </div><div class=\"t s0_169\" id=\"tt_169\" style=\"left:65px;bottom:794px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">lease transfer substantially all the risks and rewards of ownership to </div><div class=\"t s1_169\" id=\"tu_169\" style=\"left:65px;bottom:779px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">the lessee, the lease is classified as a finance lease. All other leases </div><div class=\"t s1_169\" id=\"tv_169\" style=\"left:65px;bottom:764px;letter-spacing:-0.02px;word-spacing:-0.13px;display:inline;\">are classified as operating leases. Where a leased property earns </div><div class=\"t s0_169\" id=\"tw_169\" style=\"left:65px;bottom:748px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">rentals under an operating sublease outside of the normal course </div><div class=\"t s0_169\" id=\"tx_169\" style=\"left:65px;bottom:733px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">of business, the Group\u2019s interest in the lease is classi</div><div class=\"t s1_169\" id=\"ty_169\" style=\"left:356px;bottom:733px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">fied as an </div><div class=\"t s0_169\" id=\"tz_169\" style=\"left:65px;bottom:718px;letter-spacing:-0.17px;word-spacing:-0.15px;display:inline;\">investment property within right-of-use assets; these are subsequently </div><div class=\"t s0_169\" id=\"t10_169\" style=\"left:65px;bottom:702px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">measured under the cost model. </div><div class=\"t s1_169\" id=\"t11_169\" style=\"left:65px;bottom:680px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">When the lease is classified as an operating lease, rental income </div><div class=\"t s0_169\" id=\"t12_169\" style=\"left:65px;bottom:664px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">arising is accounted for on a straight-line basis in the Group </div><div class=\"t s0_169\" id=\"t13_169\" style=\"left:65px;bottom:649px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">income statement. </div><div class=\"t s1_169\" id=\"t14_169\" style=\"left:65px;bottom:626px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">When the lease is classified as a finance lease, the Group\u2019s interest </div><div class=\"t s1_169\" id=\"t15_169\" style=\"left:65px;bottom:611px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">in the lease is derecognised and is replaced by a finance lease </div><div class=\"t s0_169\" id=\"t16_169\" style=\"left:65px;bottom:596px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">receivable. Any di\ufb00erence between those amounts is recognised </div><div class=\"t s0_169\" id=\"t17_169\" style=\"left:65px;bottom:580px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">in the Group income statement. Finance lease receivables are </div><div class=\"t s0_169\" id=\"t18_169\" style=\"left:65px;bottom:565px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">presented within other receivables and are initially measured at the </div><div class=\"t s0_169\" id=\"t19_169\" style=\"left:65px;bottom:550px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">present value of lease payments receivable under the sublease plus </div><div class=\"t s0_169\" id=\"t1a_169\" style=\"left:65px;bottom:534px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">any initial direct costs. Finance lease interest is recognised within </div><div class=\"t s1_169\" id=\"t1b_169\" style=\"left:65px;bottom:519px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">financial income in the Group income statement. </div><div class=\"t s0_169\" id=\"t1c_169\" style=\"left:65px;bottom:496px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Receipts are presented as follows in the Group statement of </div><div class=\"t s1_169\" id=\"t1d_169\" style=\"left:65px;bottom:481px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">cash flows: </div><div class=\"t s2_169\" id=\"t1e_169\" style=\"left:65px;bottom:458px;display:inline;\">\u2022 </div><div class=\"t s0_169\" id=\"t1f_169\" style=\"left:74px;bottom:458px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Receipts from operating leases and investment properties are </div><div class=\"t s1_169\" id=\"t1g_169\" style=\"left:74px;bottom:443px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">presented within cash flows </div><div class=\"t s0_169\" id=\"t1h_169\" style=\"left:232px;bottom:443px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">from operating activities; and </div><div class=\"t s2_169\" id=\"t1i_169\" style=\"left:65px;bottom:424px;display:inline;\">\u2022 </div><div class=\"t s0_169\" id=\"t1j_169\" style=\"left:74px;bottom:424px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Receipts from </div><div class=\"t s1_169\" id=\"t1k_169\" style=\"left:155px;bottom:424px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">finance leases are presented within cash flows </div><div class=\"t s0_169\" id=\"t1l_169\" style=\"left:74px;bottom:408px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">from investing activities. </div><div class=\"t s3_169\" id=\"t1m_169\" style=\"left:461px;bottom:1115px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">Associates and joint ventures </div><div class=\"t s1_169\" id=\"t1n_169\" style=\"left:461px;bottom:1100px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">An associate is an entity over which the Group has significant </div><div class=\"t s1_169\" id=\"t1o_169\" style=\"left:461px;bottom:1084px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">influence. Significant influence is the power to participate in the </div><div class=\"t s1_169\" id=\"t1p_169\" style=\"left:461px;bottom:1069px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">financial and operating policy decisions o</div><div class=\"t s0_169\" id=\"t1q_169\" style=\"left:693px;bottom:1069px;letter-spacing:-0.13px;word-spacing:-0.03px;display:inline;\">f the entity, but is not </div><div class=\"t s0_169\" id=\"t1r_169\" style=\"left:461px;bottom:1054px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">control or joint control over those policies. A joint venture exists </div><div class=\"t s0_169\" id=\"t1s_169\" style=\"left:461px;bottom:1039px;letter-spacing:-0.09px;word-spacing:-0.05px;display:inline;\">when two or more parties have joint control over, and rights to the </div><div class=\"t s0_169\" id=\"t1t_169\" style=\"left:461px;bottom:1023px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">net assets of, the venture. Joint control is the contractually agreed </div><div class=\"t s0_169\" id=\"t1u_169\" style=\"left:461px;bottom:1008px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">sharing of control which only exists when decisions about the </div><div class=\"t s0_169\" id=\"t1v_169\" style=\"left:461px;bottom:993px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">relevant activities require the unanimous consent of the parties </div><div class=\"t s0_169\" id=\"t1w_169\" style=\"left:461px;bottom:977px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">sharing control. </div><div class=\"t s0_169\" id=\"t1x_169\" style=\"left:461px;bottom:955px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">In determining the extent of power or signi</div><div class=\"t s1_169\" id=\"t1y_169\" style=\"left:699px;bottom:955px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">ficant influence, </div><div class=\"t s0_169\" id=\"t1z_169\" style=\"left:461px;bottom:939px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">consideration is given to other agreements between the Group, </div><div class=\"t s0_169\" id=\"t20_169\" style=\"left:461px;bottom:924px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">the investee entity, and the investing partners. This includes any </div><div class=\"t s0_169\" id=\"t21_169\" style=\"left:461px;bottom:909px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">related management or franchise agreements and the existence </div><div class=\"t s0_169\" id=\"t22_169\" style=\"left:461px;bottom:893px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">of any performance guarantees. </div><div class=\"t s0_169\" id=\"t23_169\" style=\"left:461px;bottom:871px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Associates and joint ventures are accounted for using the equity </div><div class=\"t s1_169\" id=\"t24_169\" style=\"left:461px;bottom:855px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">method unless the associate or joint venture is classified as held </div><div class=\"t s0_169\" id=\"t25_169\" style=\"left:820px;bottom:855px;letter-spacing:-0.12px;display:inline;\">for </div><div class=\"t s0_169\" id=\"t26_169\" style=\"left:461px;bottom:840px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">sale. Under the equity method, the Group\u2019s investment is recorded </div><div class=\"t s0_169\" id=\"t27_169\" style=\"left:461px;bottom:825px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">at cost adjusted by the Group\u2019s share of post-acquisition pro</div><div class=\"t s1_169\" id=\"t28_169\" style=\"left:797px;bottom:825px;letter-spacing:-0.04px;word-spacing:-0.13px;display:inline;\">fits and </div><div class=\"t s0_169\" id=\"t29_169\" style=\"left:461px;bottom:809px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">losses, and other movements in the investee\u2019s reserves, applying </div><div class=\"t s0_169\" id=\"t2a_169\" style=\"left:461px;bottom:794px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">consistent accounting policies. When the Group\u2019s share of losses </div><div class=\"t s0_169\" id=\"t2b_169\" style=\"left:461px;bottom:779px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">exceeds its interest in an associate or joint venture, the Group\u2019s </div><div class=\"t s0_169\" id=\"t2c_169\" style=\"left:461px;bottom:764px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">carrying amount is reduced to $nil and recognition of further losses </div><div class=\"t s0_169\" id=\"t2d_169\" style=\"left:461px;bottom:748px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">is discontinued except to the extent that the Group has incurred </div><div class=\"t s0_169\" id=\"t2e_169\" style=\"left:461px;bottom:733px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">legal or constructive obligations or made payments on behalf of </div><div class=\"t s0_169\" id=\"t2f_169\" style=\"left:461px;bottom:718px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">an associate or joint venture. </div><div class=\"t s0_169\" id=\"t2g_169\" style=\"left:461px;bottom:695px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">If there is objective evidence that an associate or joint venture is </div><div class=\"t s0_169\" id=\"t2h_169\" style=\"left:461px;bottom:680px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">impaired, an impairment charge is recognised if the carrying amount </div><div class=\"t s0_169\" id=\"t2i_169\" style=\"left:461px;bottom:664px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">of the investment exceeds its recoverable amount. </div><div class=\"t s0_169\" id=\"t2j_169\" style=\"left:461px;bottom:641px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">Upon loss of signi</div><div class=\"t s1_169\" id=\"t2k_169\" style=\"left:560px;bottom:641px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">ficant influence over an associate or joint control </div><div class=\"t s0_169\" id=\"t2l_169\" style=\"left:461px;bottom:626px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">of a joint venture, any retained investment is measured at fair value </div><div class=\"t s0_169\" id=\"t2m_169\" style=\"left:461px;bottom:611px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">with any di\ufb00erence to carrying value recognised in the Group </div><div class=\"t s0_169\" id=\"t2n_169\" style=\"left:461px;bottom:596px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">income statement. </div><div class=\"t s3_169\" id=\"t2o_169\" style=\"left:461px;bottom:573px;word-spacing:-0.13px;display:inline;\">Impairment of non-</div><div class=\"t s4_169\" id=\"t2p_169\" style=\"left:572px;bottom:573px;letter-spacing:0.03px;word-spacing:-0.17px;display:inline;\">financial assets </div><div class=\"t s1_169\" id=\"t2q_169\" style=\"left:461px;bottom:557px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">Non-financial assets are tested </div><div class=\"t s0_169\" id=\"t2r_169\" style=\"left:635px;bottom:557px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">for impairment when events or </div><div class=\"t s0_169\" id=\"t2s_169\" style=\"left:461px;bottom:542px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">changes in circumstances indicate that the carrying value may </div><div class=\"t s0_169\" id=\"t2t_169\" style=\"left:461px;bottom:527px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">not be recoverable and, in the case of goodwill and brands with </div><div class=\"t s1_169\" id=\"t2u_169\" style=\"left:461px;bottom:512px;letter-spacing:-0.09px;word-spacing:-0.07px;display:inline;\">indefinite lives, at least annually. </div><div class=\"t s1_169\" id=\"t2v_169\" style=\"left:461px;bottom:489px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Assets that do not generate independent cash inflows are allocated </div><div class=\"t s0_169\" id=\"t2w_169\" style=\"left:461px;bottom:473px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">to the cash-generating unit (\u2018CGU\u2019), or group of CGUs, to which they </div><div class=\"t s0_169\" id=\"t2x_169\" style=\"left:461px;bottom:458px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">belong. For impairment testing of hotel properties, each hotel is </div><div class=\"t s0_169\" id=\"t2y_169\" style=\"left:461px;bottom:443px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">deemed to be a CGU. </div><div class=\"t s0_169\" id=\"t2z_169\" style=\"left:461px;bottom:420px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">If carrying values exceed their estimated recoverable amount, </div><div class=\"t s0_169\" id=\"t30_169\" style=\"left:461px;bottom:405px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">the assets or CGUs are written down to the recoverable amount. </div><div class=\"t s0_169\" id=\"t31_169\" style=\"left:461px;bottom:389px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Recoverable amount is the greater of fair value less costs of disposal </div><div class=\"t s0_169\" id=\"t32_169\" style=\"left:461px;bottom:374px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">and value in use. Value in use is assessed based on estimated future </div><div class=\"t s1_169\" id=\"t33_169\" style=\"left:461px;bottom:359px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">cash flows, including the e\ufb00ect o</div><div class=\"t s0_169\" id=\"t34_169\" style=\"left:645px;bottom:359px;letter-spacing:-0.14px;word-spacing:-0.03px;display:inline;\">f in</div><div class=\"t s1_169\" id=\"t35_169\" style=\"left:662px;bottom:359px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">flation, discounted to their </div><div class=\"t s1_169\" id=\"t36_169\" style=\"left:461px;bottom:343px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">present value using a pre-tax nominal discount rate that reflects </div><div class=\"t s0_169\" id=\"t37_169\" style=\"left:461px;bottom:328px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">current market assessments of the time value of money and the </div><div class=\"t s1_169\" id=\"t38_169\" style=\"left:461px;bottom:313px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">risks specific to the asset. </div><div class=\"t s2_169\" id=\"t39_169\" style=\"left:65px;bottom:31px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\"> </div><div class=\"t m0_169 s5_169\" id=\"t3a_169\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t s2_169\" id=\"t3b_169\" style=\"left:826px;bottom:31px;display:inline;\"></div><div></div><div class=\"t s0_170\" id=\"t1_170\" style=\"left:65px;bottom:1115px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">With the exception of goodwill, an assessment is made at each </div><div class=\"t s0_170\" id=\"t2_170\" style=\"left:65px;bottom:1100px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">reporting date to determine whether there is an indication that </div><div class=\"t s0_170\" id=\"t3_170\" style=\"left:65px;bottom:1084px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">previously recognised impairment losses no longer exist or have </div><div class=\"t s0_170\" id=\"t4_170\" style=\"left:65px;bottom:1069px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">decreased. A previously recognised impairment loss is reversed </div><div class=\"t s0_170\" id=\"t5_170\" style=\"left:65px;bottom:1054px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">only if there has been a signi</div><div class=\"t s1_170\" id=\"t6_170\" style=\"left:223px;bottom:1054px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">ficant change in the assumptions used </div><div class=\"t s0_170\" id=\"t7_170\" style=\"left:65px;bottom:1039px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">to determine the asset\u2019s recoverable amount since the impairment </div><div class=\"t s0_170\" id=\"t8_170\" style=\"left:65px;bottom:1023px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">loss was recognised. The reversal is limited so that the carrying </div><div class=\"t s0_170\" id=\"t9_170\" style=\"left:65px;bottom:1008px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">amount of the asset does not exceed its recoverable amount, nor </div><div class=\"t s0_170\" id=\"ta_170\" style=\"left:65px;bottom:993px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">exceed the carrying amount that would have been determined, </div><div class=\"t s0_170\" id=\"tb_170\" style=\"left:65px;bottom:977px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">net of depreciation or amortisation, had no impairment loss been </div><div class=\"t s0_170\" id=\"tc_170\" style=\"left:65px;bottom:962px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">recognised for the asset in prior years. </div><div class=\"t s0_170\" id=\"td_170\" style=\"left:65px;bottom:939px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Impairment losses, and any subsequent reversals, are recognised </div><div class=\"t s0_170\" id=\"te_170\" style=\"left:65px;bottom:924px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">in the Group income statement. </div><div class=\"t s2_170\" id=\"tf_170\" style=\"left:65px;bottom:901px;letter-spacing:0.03px;word-spacing:-0.17px;display:inline;\">Financial assets </div><div class=\"t s1_170\" id=\"tg_170\" style=\"left:65px;bottom:886px;letter-spacing:-0.05px;word-spacing:-0.11px;display:inline;\">On initial recognition, the Group classifies its financial assets as </div><div class=\"t s0_170\" id=\"th_170\" style=\"left:65px;bottom:871px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">being subsequently measured at amortised cost, fair value through </div><div class=\"t s0_170\" id=\"ti_170\" style=\"left:65px;bottom:855px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">other comprehensive income (\u2018FVOCI\u2019) or fair value through pro</div><div class=\"t s1_170\" id=\"tj_170\" style=\"left:421px;bottom:855px;letter-spacing:-0.02px;display:inline;\">fit </div><div class=\"t s0_170\" id=\"tk_170\" style=\"left:65px;bottom:840px;letter-spacing:-0.08px;word-spacing:-0.08px;display:inline;\">or loss (\u2018FVTPL\u2019). </div><div class=\"t s1_170\" id=\"tl_170\" style=\"left:65px;bottom:817px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Financial assets which are held to collect contractual cash flows </div><div class=\"t s1_170\" id=\"tm_170\" style=\"left:65px;bottom:802px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">and give rise to cash flows that are solely payments o</div><div class=\"t s0_170\" id=\"tn_170\" style=\"left:360px;bottom:802px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">f principal and </div><div class=\"t s0_170\" id=\"to_170\" style=\"left:65px;bottom:786px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">interest are subsequently measured at amortised cost. Interest on </div><div class=\"t s0_170\" id=\"tp_170\" style=\"left:65px;bottom:771px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">these assets is calculated using the e\ufb00ective interest rate method </div><div class=\"t s1_170\" id=\"tq_170\" style=\"left:65px;bottom:756px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">and is recognised in the Group income statement as financial </div><div class=\"t s0_170\" id=\"tr_170\" style=\"left:65px;bottom:741px;letter-spacing:-0.13px;word-spacing:-0.1px;display:inline;\">income. The Group recognises a provision for expected credit losses </div><div class=\"t s0_170\" id=\"ts_170\" style=\"left:65px;bottom:725px;letter-spacing:-0.12px;display:inline;\">for </div><div class=\"t s1_170\" id=\"tt_170\" style=\"left:84px;bottom:725px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">financial assets held at amortised cost. With the exception o</div><div class=\"t s0_170\" id=\"tu_170\" style=\"left:418px;bottom:725px;display:inline;\">f </div><div class=\"t s1_170\" id=\"tv_170\" style=\"left:65px;bottom:710px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">trade receivables, where there has not been a significant increase </div><div class=\"t s0_170\" id=\"tw_170\" style=\"left:65px;bottom:695px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">in credit risk since initial recognition, provision is made for defaults </div><div class=\"t s0_170\" id=\"tx_170\" style=\"left:65px;bottom:680px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">that are possible within the next 12 months. Where there has been </div><div class=\"t s1_170\" id=\"ty_170\" style=\"left:65px;bottom:664px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">a significant increase in credit risk since initial recognition, </div><div class=\"t s0_170\" id=\"tz_170\" style=\"left:392px;bottom:664px;letter-spacing:-0.12px;display:inline;\">for </div><div class=\"t s1_170\" id=\"t10_170\" style=\"left:65px;bottom:649px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">example trade deposits and loans where the borrower is in financial </div><div class=\"t s3_170\" id=\"t11_170\" style=\"left:65px;bottom:634px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">di\ufb00iculty or has not met repayments as they fall due, provision is </div><div class=\"t s0_170\" id=\"t12_170\" style=\"left:65px;bottom:618px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">made for credit losses expected over the remaining life of the asset. </div><div class=\"t s0_170\" id=\"t13_170\" style=\"left:65px;bottom:596px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The Group has elected to irrevocably designate equity investments </div><div class=\"t s0_170\" id=\"t14_170\" style=\"left:65px;bottom:580px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">as FVOCI as they mainly comprise strategic investments in entities </div><div class=\"t s0_170\" id=\"t15_170\" style=\"left:65px;bottom:565px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">that own hotels which the Group manages. Changes in their value </div><div class=\"t s0_170\" id=\"t16_170\" style=\"left:65px;bottom:550px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">are recognised within gains or losses on equity instruments </div><div class=\"t s1_170\" id=\"t17_170\" style=\"left:65px;bottom:534px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">classified as FVOCI in the Group statement o</div><div class=\"t s0_170\" id=\"t18_170\" style=\"left:314px;bottom:534px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">f comprehensive </div><div class=\"t s0_170\" id=\"t19_170\" style=\"left:65px;bottom:519px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">income and are never recycled to the Group income statement. </div><div class=\"t s0_170\" id=\"t1a_170\" style=\"left:65px;bottom:504px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">On disposal, any related balance within the fair value reserve is </div><div class=\"t s1_170\" id=\"t1b_170\" style=\"left:65px;bottom:489px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">reclassified to retained earnings. Dividends </div><div class=\"t s0_170\" id=\"t1c_170\" style=\"left:308px;bottom:489px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">from equity investments </div><div class=\"t s1_170\" id=\"t1d_170\" style=\"left:65px;bottom:473px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">classified as FVOCI are recognised in the Group income statement </div><div class=\"t s0_170\" id=\"t1e_170\" style=\"left:65px;bottom:458px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">as other operating income when the dividend has been declared, </div><div class=\"t s0_170\" id=\"t1f_170\" style=\"left:65px;bottom:443px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">when receipt of the funds is probable and when the dividend is not </div><div class=\"t s0_170\" id=\"t1g_170\" style=\"left:65px;bottom:427px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">a return of invested capital. Equity instruments classi</div><div class=\"t s1_170\" id=\"t1h_170\" style=\"left:358px;bottom:427px;letter-spacing:0.02px;word-spacing:-0.16px;display:inline;\">fied as FVOCI </div><div class=\"t s0_170\" id=\"t1i_170\" style=\"left:65px;bottom:412px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">are not subject to an impairment assessment. </div><div class=\"t s0_170\" id=\"t1j_170\" style=\"left:65px;bottom:389px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Financial assets not meeting the above criteria are measured at </div><div class=\"t s0_170\" id=\"t1k_170\" style=\"left:65px;bottom:374px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">FVTPL. These include money market funds, investments which do </div><div class=\"t s1_170\" id=\"t1l_170\" style=\"left:65px;bottom:359px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">not meet the definition o</div><div class=\"t s0_170\" id=\"t1m_170\" style=\"left:202px;bottom:359px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">f equity and other </div><div class=\"t s1_170\" id=\"t1n_170\" style=\"left:304px;bottom:359px;letter-spacing:-0.04px;word-spacing:-0.12px;display:inline;\">financial assets, including </div><div class=\"t s1_170\" id=\"t1o_170\" style=\"left:65px;bottom:343px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">those which do not have a fixed date o</div><div class=\"t s0_170\" id=\"t1p_170\" style=\"left:279px;bottom:343px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">f repayment. </div><div class=\"t s2_170\" id=\"t1q_170\" style=\"left:461px;bottom:1115px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Trade receivables </div><div class=\"t s0_170\" id=\"t1r_170\" style=\"left:461px;bottom:1100px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">A trade receivable is recorded when the Group has an unconditional </div><div class=\"t s0_170\" id=\"t1s_170\" style=\"left:461px;bottom:1084px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">right to receive payment. In respect of franchise fees, base and </div><div class=\"t s0_170\" id=\"t1t_170\" style=\"left:461px;bottom:1069px;letter-spacing:-0.05px;word-spacing:-0.08px;display:inline;\">incentive management fees, Central revenue and revenues from </div><div class=\"t s0_170\" id=\"t1u_170\" style=\"left:461px;bottom:1054px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">owned, leased and managed lease hotels, the invoice is typically </div><div class=\"t s0_170\" id=\"t1v_170\" style=\"left:461px;bottom:1039px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">issued as the related performance obligations are satis</div><div class=\"t s1_170\" id=\"t1w_170\" style=\"left:765px;bottom:1039px;letter-spacing:-0.03px;word-spacing:-0.13px;display:inline;\">fied, as </div><div class=\"t s0_170\" id=\"t1x_170\" style=\"left:461px;bottom:1023px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">described on page 163. Trade receivables typically do not bear </div><div class=\"t s0_170\" id=\"t1y_170\" style=\"left:461px;bottom:1008px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">interest and are generally on payment terms of up to 30 days. </div><div class=\"t s0_170\" id=\"t1z_170\" style=\"left:461px;bottom:985px;letter-spacing:-0.26px;word-spacing:-0.08px;display:inline;\">Trade receivables are initially recognised at fair value and subsequently </div><div class=\"t s0_170\" id=\"t20_170\" style=\"left:461px;bottom:970px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">measured at amortised cost. A provision for impairment is made for </div><div class=\"t s0_170\" id=\"t21_170\" style=\"left:461px;bottom:955px;letter-spacing:-0.17px;word-spacing:-0.1px;display:inline;\">lifetime expected credit losses. The Group has established a provision </div><div class=\"t s0_170\" id=\"t22_170\" style=\"left:461px;bottom:939px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">matrix that is based on its historical credit loss experience by region </div><div class=\"t s0_170\" id=\"t23_170\" style=\"left:461px;bottom:924px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">and number of days past due. Where the historical experience is not </div><div class=\"t s1_170\" id=\"t24_170\" style=\"left:461px;bottom:909px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">relevant to defined owner groups, </div><div class=\"t s0_170\" id=\"t25_170\" style=\"left:653px;bottom:909px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">for example those in </div><div class=\"t s1_170\" id=\"t26_170\" style=\"left:769px;bottom:909px;letter-spacing:-0.03px;display:inline;\">financial </div><div class=\"t s0_170\" id=\"t27_170\" style=\"left:461px;bottom:893px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">distress, lifetime expected credit losses are calculated by reference </div><div class=\"t s0_170\" id=\"t28_170\" style=\"left:461px;bottom:878px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">to other sources of data. </div><div class=\"t s0_170\" id=\"t29_170\" style=\"left:461px;bottom:855px;letter-spacing:-0.18px;word-spacing:-0.14px;display:inline;\">Trade receivables are written o\ufb00 once determined to be uncollectable. </div><div class=\"t s2_170\" id=\"t2a_170\" style=\"left:461px;bottom:832px;letter-spacing:0.02px;word-spacing:-0.15px;display:inline;\">Cash and cash equivalents </div><div class=\"t s0_170\" id=\"t2b_170\" style=\"left:461px;bottom:817px;word-spacing:-0.13px;display:inline;\">Cash comprises cash on hand and demand deposits. </div><div class=\"t s0_170\" id=\"t2c_170\" style=\"left:461px;bottom:794px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Cash and cash equivalents comprise short-term deposits, money </div><div class=\"t s0_170\" id=\"t2d_170\" style=\"left:461px;bottom:779px;letter-spacing:-0.12px;word-spacing:-0.08px;display:inline;\">market funds and repurchase agreements that are readily convertible </div><div class=\"t s0_170\" id=\"t2e_170\" style=\"left:461px;bottom:764px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">to a known amount of cash and are subject to an insigni</div><div class=\"t s1_170\" id=\"t2f_170\" style=\"left:770px;bottom:764px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">ficant risk o</div><div class=\"t s0_170\" id=\"t2g_170\" style=\"left:834px;bottom:764px;display:inline;\">f </div><div class=\"t s0_170\" id=\"t2h_170\" style=\"left:461px;bottom:748px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">changes in value. They generally have an original maturity of three </div><div class=\"t s0_170\" id=\"t2i_170\" style=\"left:461px;bottom:733px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">months or less. </div><div class=\"t s0_170\" id=\"t2j_170\" style=\"left:461px;bottom:710px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Cash and cash equivalents may include amounts which are subject </div><div class=\"t s0_170\" id=\"t2k_170\" style=\"left:461px;bottom:695px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">to regulatory or other contractual restrictions and are not available </div><div class=\"t s0_170\" id=\"t2l_170\" style=\"left:461px;bottom:680px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">for general use by the Group. </div><div class=\"t s1_170\" id=\"t2m_170\" style=\"left:461px;bottom:657px;letter-spacing:-0.09px;word-spacing:-0.12px;display:inline;\">Cash balances are classified as other financial assets when the Group </div><div class=\"t s0_170\" id=\"t2n_170\" style=\"left:461px;bottom:641px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">is not able to freely access the funds because they are subject to a </div><div class=\"t s1_170\" id=\"t2o_170\" style=\"left:461px;bottom:626px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">specific charge or other restrictions. </div><div class=\"t s2_170\" id=\"t2p_170\" style=\"left:461px;bottom:603px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">Money market funds </div><div class=\"t s0_170\" id=\"t2q_170\" style=\"left:461px;bottom:588px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Money market funds are held at FVTPL, with distributions recognised </div><div class=\"t s1_170\" id=\"t2r_170\" style=\"left:461px;bottom:573px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">in financial income. </div><div class=\"t s2_170\" id=\"t2s_170\" style=\"left:461px;bottom:550px;word-spacing:-0.13px;display:inline;\">Bank and other borrowings </div><div class=\"t s0_170\" id=\"t2t_170\" style=\"left:461px;bottom:534px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Bank and other borrowings are initially recognised at the fair value </div><div class=\"t s0_170\" id=\"t2u_170\" style=\"left:461px;bottom:519px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">of the consideration received less directly attributable transaction </div><div class=\"t s0_170\" id=\"t2v_170\" style=\"left:461px;bottom:504px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">costs. They are subsequently measured at amortised cost. </div><div class=\"t s1_170\" id=\"t2w_170\" style=\"left:461px;bottom:481px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Borrowings are classified as non-current when the repayment date </div><div class=\"t s0_170\" id=\"t2x_170\" style=\"left:461px;bottom:466px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">is more than 12 months from the period-end date or where they are </div><div class=\"t s0_170\" id=\"t2y_170\" style=\"left:461px;bottom:450px;letter-spacing:-0.09px;word-spacing:-0.05px;display:inline;\">drawn on a facility with more than 12 months to expiry. </div><div class=\"t s2_170\" id=\"t2z_170\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t s4_170\" id=\"t30_170\" style=\"left:65px;bottom:31px;letter-spacing:0.08px;display:inline;\"></div><div></div><div class=\"t s0_171\" id=\"t1_171\" style=\"left:65px;bottom:1115px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">Derivative financial instruments and hedging </div><div class=\"t s1_171\" id=\"t2_171\" style=\"left:65px;bottom:1100px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Derivatives are initially recognised and subsequently measured at </div><div class=\"t s1_171\" id=\"t3_171\" style=\"left:65px;bottom:1084px;letter-spacing:-0.17px;word-spacing:-0.1px;display:inline;\">fair value. The subsequent accounting treatment depends on whether </div><div class=\"t s1_171\" id=\"t4_171\" style=\"left:65px;bottom:1069px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">the derivative is designated as a hedging instrument and, if so, the </div><div class=\"t s1_171\" id=\"t5_171\" style=\"left:65px;bottom:1054px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">nature of the item being hedged. </div><div class=\"t s1_171\" id=\"t6_171\" style=\"left:65px;bottom:1031px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Changes in the fair value of derivatives which have either not been </div><div class=\"t s1_171\" id=\"t7_171\" style=\"left:65px;bottom:1016px;letter-spacing:-0.12px;word-spacing:-0.09px;display:inline;\">designated as hedging instruments or relate to the ine\ufb00ective portion </div><div class=\"t s1_171\" id=\"t8_171\" style=\"left:65px;bottom:1000px;letter-spacing:-0.22px;word-spacing:-0.1px;display:inline;\">of hedges are recognised immediately in the Group income statement. </div><div class=\"t s1_171\" id=\"t9_171\" style=\"left:65px;bottom:977px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">Documentation outlining the measurement and e\ufb00ectiveness of </div><div class=\"t s1_171\" id=\"ta_171\" style=\"left:65px;bottom:962px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">any hedging arrangement is maintained throughout the life of the </div><div class=\"t s1_171\" id=\"tb_171\" style=\"left:65px;bottom:947px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">hedge relationship. </div><div class=\"t s1_171\" id=\"tc_171\" style=\"left:65px;bottom:924px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">Interest arising from currency derivatives and interest rate swaps </div><div class=\"t s2_171\" id=\"td_171\" style=\"left:65px;bottom:909px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">is recorded in either financial income or expenses over the term </div><div class=\"t s1_171\" id=\"te_171\" style=\"left:65px;bottom:893px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">of the agreement, unless the accounting treatment for the hedging </div><div class=\"t s1_171\" id=\"tf_171\" style=\"left:65px;bottom:878px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">relationship requires the interest to be taken to reserves. </div><div class=\"t s1_171\" id=\"tg_171\" style=\"left:65px;bottom:855px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Within the Group statement of cash </div><div class=\"t s2_171\" id=\"th_171\" style=\"left:266px;bottom:855px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">flows, interest paid includes </div><div class=\"t s1_171\" id=\"ti_171\" style=\"left:65px;bottom:840px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">interest paid on the Group\u2019s bonds and the related derivative </div><div class=\"t s2_171\" id=\"tj_171\" style=\"left:65px;bottom:825px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">financial instruments. </div><div class=\"t s3_171\" id=\"tk_171\" style=\"left:65px;bottom:802px;letter-spacing:0.01px;word-spacing:-0.14px;display:inline;\">Cash flow hedges </div><div class=\"t s2_171\" id=\"tl_171\" style=\"left:65px;bottom:786px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Financial instruments are designated as cash flow hedges when </div><div class=\"t s2_171\" id=\"tm_171\" style=\"left:65px;bottom:771px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">they hedge exposure to variability in cash flows that are attributable </div><div class=\"t s1_171\" id=\"tn_171\" style=\"left:65px;bottom:756px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">to either a highly probable forecast transaction or a particular risk </div><div class=\"t s1_171\" id=\"to_171\" style=\"left:65px;bottom:741px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">associated with a recognised asset or liability. </div><div class=\"t s1_171\" id=\"tp_171\" style=\"left:65px;bottom:718px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Changes in the fair value are recorded in other comprehensive </div><div class=\"t s2_171\" id=\"tq_171\" style=\"left:65px;bottom:702px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">income and cash flow hedge reserves to the extent that the hedges </div><div class=\"t s1_171\" id=\"tr_171\" style=\"left:65px;bottom:687px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">are e\ufb00ective. When the hedged item is recognised, the cumulative </div><div class=\"t s2_171\" id=\"ts_171\" style=\"left:65px;bottom:672px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">gains and losses on the related hedging instrument are reclassified </div><div class=\"t s2_171\" id=\"tt_171\" style=\"left:65px;bottom:657px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">to the Group income statement, within financial expenses. </div><div class=\"t s4_171\" id=\"tu_171\" style=\"left:65px;bottom:634px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Net investment hedges </div><div class=\"t s1_171\" id=\"tv_171\" style=\"left:65px;bottom:618px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Financial instruments are designated as net investment hedges </div><div class=\"t s1_171\" id=\"tw_171\" style=\"left:65px;bottom:603px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">when they hedge the Group\u2019s net investment in foreign operations. </div><div class=\"t s1_171\" id=\"tx_171\" style=\"left:65px;bottom:580px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Changes in the fair value are recorded in other comprehensive </div><div class=\"t s1_171\" id=\"ty_171\" style=\"left:65px;bottom:565px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">income and the currency translation reserve to the extent that the </div><div class=\"t s1_171\" id=\"tz_171\" style=\"left:65px;bottom:550px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">hedges are e\ufb00ective. The cumulative gains and losses remain in </div><div class=\"t s1_171\" id=\"t10_171\" style=\"left:65px;bottom:534px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">equity until the relevant foreign operation is disposed, at which point </div><div class=\"t s2_171\" id=\"t11_171\" style=\"left:65px;bottom:519px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">they are reclassified to the Group income statement as part o</div><div class=\"t s1_171\" id=\"t12_171\" style=\"left:406px;bottom:519px;letter-spacing:-0.11px;word-spacing:-0.06px;display:inline;\">f the </div><div class=\"t s1_171\" id=\"t13_171\" style=\"left:65px;bottom:504px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">gain or loss on disposal. </div><div class=\"t s0_171\" id=\"t14_171\" style=\"left:65px;bottom:481px;letter-spacing:0.01px;word-spacing:-0.14px;display:inline;\">Financial guarantee contracts </div><div class=\"t s1_171\" id=\"t15_171\" style=\"left:65px;bottom:466px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">In limited cases, the Group may guarantee part of mortgage </div><div class=\"t s1_171\" id=\"t16_171\" style=\"left:65px;bottom:450px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">loans made to facilitate third-party ownership of hotels under IHG </div><div class=\"t s1_171\" id=\"t17_171\" style=\"left:65px;bottom:435px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">management or franchise arrangements. The Group has elected </div><div class=\"t s1_171\" id=\"t18_171\" style=\"left:65px;bottom:420px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">to apply the requirements of IFRS 9 \u2018Financial Instruments\u2019 to these </div><div class=\"t s1_171\" id=\"t19_171\" style=\"left:65px;bottom:405px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">arrangements. Financial guarantee contracts are initially recognised </div><div class=\"t s1_171\" id=\"t1a_171\" style=\"left:65px;bottom:389px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">at fair value and subsequently measured at the higher of the amount </div><div class=\"t s1_171\" id=\"t1b_171\" style=\"left:65px;bottom:374px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">calculated under the Group\u2019s expected credit loss model and any </div><div class=\"t s1_171\" id=\"t1c_171\" style=\"left:65px;bottom:359px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">amount initially recognised less cumulative amounts recognised in </div><div class=\"t s1_171\" id=\"t1d_171\" style=\"left:65px;bottom:343px;letter-spacing:-0.2px;word-spacing:-0.07px;display:inline;\">accordance with the Group\u2019s revenue recognition policy. The carrying </div><div class=\"t s1_171\" id=\"t1e_171\" style=\"left:65px;bottom:328px;letter-spacing:-0.1px;word-spacing:-0.06px;display:inline;\">value of </div><div class=\"t s2_171\" id=\"t1f_171\" style=\"left:112px;bottom:328px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">financial guarantee liabilities is immaterial </div><div class=\"t s1_171\" id=\"t1g_171\" style=\"left:346px;bottom:328px;letter-spacing:-0.13px;word-spacing:-0.05px;display:inline;\">for all </div><div class=\"t s1_171\" id=\"t1h_171\" style=\"left:65px;bottom:313px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">periods presented. </div><div class=\"t s0_171\" id=\"t1i_171\" style=\"left:461px;bottom:1115px;word-spacing:-0.12px;display:inline;\">Fair value measurement </div><div class=\"t s1_171\" id=\"t1j_171\" style=\"left:461px;bottom:1100px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">The Group measures each of the following at fair value </div><div class=\"t s1_171\" id=\"t1k_171\" style=\"left:461px;bottom:1084px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">on a recurring basis: </div><div class=\"t s4_171\" id=\"t1l_171\" style=\"left:461px;bottom:1061px;display:inline;\">\u2022 </div><div class=\"t s1_171\" id=\"t1m_171\" style=\"left:470px;bottom:1061px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">Financial assets and liabilities measured at FVTPL; </div><div class=\"t s4_171\" id=\"t1n_171\" style=\"left:461px;bottom:1042px;display:inline;\">\u2022 </div><div class=\"t s1_171\" id=\"t1o_171\" style=\"left:470px;bottom:1042px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">Financial assets measured at FVOCI; and </div><div class=\"t s4_171\" id=\"t1p_171\" style=\"left:461px;bottom:1023px;display:inline;\">\u2022 </div><div class=\"t s2_171\" id=\"t1q_171\" style=\"left:470px;bottom:1023px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Derivative financial instruments. </div><div class=\"t s1_171\" id=\"t1r_171\" style=\"left:461px;bottom:1000px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Other assets are measured at fair value when impaired or </div><div class=\"t s2_171\" id=\"t1s_171\" style=\"left:461px;bottom:985px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">re-measured on classification as held </div><div class=\"t s1_171\" id=\"t1t_171\" style=\"left:672px;bottom:985px;letter-spacing:-0.1px;word-spacing:-0.06px;display:inline;\">for sale by reference to fair </div><div class=\"t s1_171\" id=\"t1u_171\" style=\"left:461px;bottom:970px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">value less costs of disposal. </div><div class=\"t s1_171\" id=\"t1v_171\" style=\"left:461px;bottom:947px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">Fair value is the price that would be received to sell an asset or </div><div class=\"t s1_171\" id=\"t1w_171\" style=\"left:461px;bottom:932px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">paid to transfer a liability in an orderly transaction between market </div><div class=\"t s1_171\" id=\"t1x_171\" style=\"left:461px;bottom:916px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">participants. Fair value is measured by reference to the principal </div><div class=\"t s1_171\" id=\"t1y_171\" style=\"left:461px;bottom:901px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">market for the asset or liability assuming that market participants </div><div class=\"t s1_171\" id=\"t1z_171\" style=\"left:461px;bottom:886px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">act in their economic best interests. </div><div class=\"t s1_171\" id=\"t20_171\" style=\"left:461px;bottom:863px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">The fair value of a non-</div><div class=\"t s2_171\" id=\"t21_171\" style=\"left:587px;bottom:863px;letter-spacing:-0.02px;word-spacing:-0.13px;display:inline;\">financial asset assumes the asset is used </div><div class=\"t s1_171\" id=\"t22_171\" style=\"left:461px;bottom:848px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">in its highest and best use, either through continuing ownership </div><div class=\"t s1_171\" id=\"t23_171\" style=\"left:461px;bottom:832px;letter-spacing:-0.09px;word-spacing:-0.07px;display:inline;\">or by selling it. </div><div class=\"t s1_171\" id=\"t24_171\" style=\"left:461px;bottom:809px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The Group uses valuation techniques that maximise the use of </div><div class=\"t s1_171\" id=\"t25_171\" style=\"left:461px;bottom:794px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">relevant observable inputs using the following valuation hierarchy: </div><div class=\"t s1_171\" id=\"t26_171\" style=\"left:461px;bottom:771px;letter-spacing:-0.13px;word-spacing:-0.03px;display:inline;\">Level 1: </div><div class=\"t s1_171\" id=\"t27_171\" style=\"left:507px;bottom:771px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Quoted (unadjusted) prices in active markets for identical </div><div class=\"t s1_171\" id=\"t28_171\" style=\"left:507px;bottom:756px;letter-spacing:-0.05px;word-spacing:-0.11px;display:inline;\">assets or liabilities. </div><div class=\"t s1_171\" id=\"t29_171\" style=\"left:461px;bottom:733px;letter-spacing:-0.12px;word-spacing:-0.04px;display:inline;\">Level 2: </div><div class=\"t s1_171\" id=\"t2a_171\" style=\"left:507px;bottom:733px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Other techniques for which all inputs which have a </div><div class=\"t s2_171\" id=\"t2b_171\" style=\"left:507px;bottom:718px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">significant e\ufb00ect on the recorded </div><div class=\"t s1_171\" id=\"t2c_171\" style=\"left:696px;bottom:718px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">fair value are observable, </div><div class=\"t s1_171\" id=\"t2d_171\" style=\"left:507px;bottom:702px;letter-spacing:-0.1px;word-spacing:-0.06px;display:inline;\">either directly or indirectly. </div><div class=\"t s1_171\" id=\"t2e_171\" style=\"left:461px;bottom:680px;letter-spacing:-0.11px;word-spacing:-0.05px;display:inline;\">Level 3: </div><div class=\"t s2_171\" id=\"t2f_171\" style=\"left:507px;bottom:680px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Techniques which use inputs which have a significant e\ufb00ect </div><div class=\"t s1_171\" id=\"t2g_171\" style=\"left:507px;bottom:664px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">on the recorded fair value that are not based on observable </div><div class=\"t s1_171\" id=\"t2h_171\" style=\"left:507px;bottom:649px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">market data. </div><div class=\"t s1_171\" id=\"t2i_171\" style=\"left:461px;bottom:626px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">For assets and liabilities measured at fair value on a recurring basis, </div><div class=\"t s1_171\" id=\"t2j_171\" style=\"left:461px;bottom:611px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">the Group determines whether transfers have occurred between </div><div class=\"t s1_171\" id=\"t2k_171\" style=\"left:461px;bottom:596px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">levels in the hierarchy by reassessing categorisation (based on the </div><div class=\"t s2_171\" id=\"t2l_171\" style=\"left:461px;bottom:580px;letter-spacing:-0.08px;word-spacing:-0.08px;display:inline;\">lowest level input that is significant to the </div><div class=\"t s1_171\" id=\"t2m_171\" style=\"left:694px;bottom:580px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">fair value measurement </div><div class=\"t s1_171\" id=\"t2n_171\" style=\"left:461px;bottom:565px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">as a whole) at the end of each reporting period. </div><div class=\"t s1_171\" id=\"t2o_171\" style=\"left:461px;bottom:542px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Further disclosures on the particular valuation techniques used </div><div class=\"t s1_171\" id=\"t2p_171\" style=\"left:461px;bottom:527px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">by the Group are provided in note 25. </div><div class=\"t s2_171\" id=\"t2q_171\" style=\"left:461px;bottom:504px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Where significant assets, such as property, are valued by re</div><div class=\"t s1_171\" id=\"t2r_171\" style=\"left:790px;bottom:504px;letter-spacing:-0.04px;display:inline;\">ference </div><div class=\"t s1_171\" id=\"t2s_171\" style=\"left:461px;bottom:489px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">to fair value less costs of disposal, an external valuation will normally </div><div class=\"t s1_171\" id=\"t2t_171\" style=\"left:461px;bottom:473px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">be obtained using professional valuers who have appropriate market </div><div class=\"t s1_171\" id=\"t2u_171\" style=\"left:461px;bottom:458px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">knowledge, reputation and independence. </div><div class=\"t s5_171\" id=\"t2v_171\" style=\"left:461px;bottom:435px;letter-spacing:0.02px;word-spacing:-0.16px;display:inline;\">O\ufb00setting of </div><div class=\"t s0_171\" id=\"t2w_171\" style=\"left:537px;bottom:435px;word-spacing:-0.15px;display:inline;\">financial assets and financial liabilities </div><div class=\"t s2_171\" id=\"t2x_171\" style=\"left:461px;bottom:420px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Financial assets and financial liabilities are o\ufb00set and the net amount </div><div class=\"t s1_171\" id=\"t2y_171\" style=\"left:461px;bottom:405px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">is reported in the Group statement of </div><div class=\"t s2_171\" id=\"t2z_171\" style=\"left:671px;bottom:405px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">financial position i</div><div class=\"t s1_171\" id=\"t30_171\" style=\"left:772px;bottom:405px;letter-spacing:-0.1px;word-spacing:-0.06px;display:inline;\">f there is </div><div class=\"t s1_171\" id=\"t31_171\" style=\"left:461px;bottom:389px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">a currently enforceable legal right to o\ufb00set the recognised amounts </div><div class=\"t s1_171\" id=\"t32_171\" style=\"left:461px;bottom:374px;letter-spacing:-0.14px;word-spacing:-0.1px;display:inline;\">and there is an intention to settle on a net basis or to realise the assets </div><div class=\"t s1_171\" id=\"t33_171\" style=\"left:461px;bottom:359px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">and settle the liabilities simultaneously. To meet these criteria, the </div><div class=\"t s1_171\" id=\"t34_171\" style=\"left:461px;bottom:343px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">right of set-o\ufb00 must not be contingent on a future event and must be </div><div class=\"t s1_171\" id=\"t35_171\" style=\"left:461px;bottom:328px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">legally enforceable in all of the following circumstances: the normal </div><div class=\"t s1_171\" id=\"t36_171\" style=\"left:461px;bottom:313px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">course of business; the event of default; and the event of insolvency </div><div class=\"t s1_171\" id=\"t37_171\" style=\"left:461px;bottom:298px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">or bankruptcy of the Group and all of the counterparties. </div><div class=\"t s4_171\" id=\"t38_171\" style=\"left:65px;bottom:31px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\"> </div><div class=\"t m0_171 s6_171\" id=\"t39_171\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t s4_171\" id=\"t3a_171\" style=\"left:825px;bottom:31px;letter-spacing:0.08px;display:inline;\"></div><div></div><div class=\"t s0_172\" id=\"t1_172\" style=\"left:65px;bottom:1115px;letter-spacing:-0.2px;display:inline;\">Taxes </div><div class=\"t s1_172\" id=\"t2_172\" style=\"left:65px;bottom:1100px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Current tax </div><div class=\"t s2_172\" id=\"t3_172\" style=\"left:65px;bottom:1084px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Current income tax assets and liabilities for the current and prior </div><div class=\"t s2_172\" id=\"t4_172\" style=\"left:65px;bottom:1069px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">periods are measured at the amount expected to be recovered </div><div class=\"t s2_172\" id=\"t5_172\" style=\"left:65px;bottom:1054px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">from, or paid to, the tax authorities. The tax rates and tax laws used </div><div class=\"t s2_172\" id=\"t6_172\" style=\"left:65px;bottom:1039px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">to compute the amount are those that are enacted or substantively </div><div class=\"t s2_172\" id=\"t7_172\" style=\"left:65px;bottom:1023px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">enacted at the end of the reporting period. </div><div class=\"t s2_172\" id=\"t8_172\" style=\"left:65px;bottom:1000px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">The calculation of the Group\u2019s current tax charge involves </div><div class=\"t s2_172\" id=\"t9_172\" style=\"left:65px;bottom:985px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">consideration of applicable tax laws and regulations in many </div><div class=\"t s2_172\" id=\"ta_172\" style=\"left:65px;bottom:970px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">jurisdictions throughout the world. From time to time, the Group </div><div class=\"t s2_172\" id=\"tb_172\" style=\"left:65px;bottom:955px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">is subject to tax audits and uncertainties in these jurisdictions. </div><div class=\"t s2_172\" id=\"tc_172\" style=\"left:65px;bottom:939px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The issues involved can be complex and audits may take a number </div><div class=\"t s2_172\" id=\"td_172\" style=\"left:65px;bottom:924px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">of years to conclude. Where the interpretation of local tax law is not </div><div class=\"t s2_172\" id=\"te_172\" style=\"left:65px;bottom:909px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">clear, management relies on judgement and accounting estimates </div><div class=\"t s2_172\" id=\"tf_172\" style=\"left:65px;bottom:893px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">to ensure all uncertain tax positions are adequately provided for </div><div class=\"t s2_172\" id=\"tg_172\" style=\"left:65px;bottom:878px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">in the Group Financial Statements, in accordance with IFRIC 23 </div><div class=\"t s2_172\" id=\"th_172\" style=\"left:65px;bottom:863px;letter-spacing:-0.09px;word-spacing:-0.05px;display:inline;\">\u2018Uncertainty over Income Tax Treatments\u2019, representing the Group\u2019s </div><div class=\"t s2_172\" id=\"ti_172\" style=\"left:65px;bottom:848px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">view of the most likely outcome or, where multiple issues are </div><div class=\"t s2_172\" id=\"tj_172\" style=\"left:65px;bottom:832px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">considered likely to be settled together, the probability weighted </div><div class=\"t s2_172\" id=\"tk_172\" style=\"left:65px;bottom:817px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">amounts of the range of possible outcomes. </div><div class=\"t s2_172\" id=\"tl_172\" style=\"left:65px;bottom:794px;letter-spacing:-0.14px;word-spacing:-0.07px;display:inline;\">This may involve consideration of some or all of the following factors: </div><div class=\"t s1_172\" id=\"tm_172\" style=\"left:65px;bottom:771px;display:inline;\">\u2022 </div><div class=\"t s2_172\" id=\"tn_172\" style=\"left:74px;bottom:771px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">strength of technical argument, impact of case law and clarity </div><div class=\"t s2_172\" id=\"to_172\" style=\"left:74px;bottom:756px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">of legislation; </div><div class=\"t s1_172\" id=\"tp_172\" style=\"left:65px;bottom:737px;display:inline;\">\u2022 </div><div class=\"t s2_172\" id=\"tq_172\" style=\"left:74px;bottom:737px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">professional advice; </div><div class=\"t s1_172\" id=\"tr_172\" style=\"left:65px;bottom:718px;display:inline;\">\u2022 </div><div class=\"t s2_172\" id=\"ts_172\" style=\"left:74px;bottom:718px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">experience of interactions, and precedents set, with the particular </div><div class=\"t s2_172\" id=\"tt_172\" style=\"left:74px;bottom:702px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">taxing authority; and </div><div class=\"t s1_172\" id=\"tu_172\" style=\"left:65px;bottom:683px;display:inline;\">\u2022 </div><div class=\"t s2_172\" id=\"tv_172\" style=\"left:74px;bottom:683px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">agreements previously reached in other jurisdictions on </div><div class=\"t s2_172\" id=\"tw_172\" style=\"left:74px;bottom:668px;letter-spacing:0.01px;word-spacing:-0.14px;display:inline;\">comparable issues. </div><div class=\"t s2_172\" id=\"tx_172\" style=\"left:65px;bottom:645px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The Group has applied the exception to recognising and disclosing </div><div class=\"t s2_172\" id=\"ty_172\" style=\"left:65px;bottom:630px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">information about deferred tax assets and liabilities related to </div><div class=\"t s2_172\" id=\"tz_172\" style=\"left:65px;bottom:615px;letter-spacing:-0.1px;word-spacing:-0.05px;display:inline;\">Pillar Two income taxes. </div><div class=\"t s1_172\" id=\"t10_172\" style=\"left:65px;bottom:592px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Deferred tax </div><div class=\"t s2_172\" id=\"t11_172\" style=\"left:65px;bottom:576px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Deferred tax assets and liabilities arise and are generally recognised </div><div class=\"t s2_172\" id=\"t12_172\" style=\"left:65px;bottom:561px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">in respect of temporary di\ufb00erences between the tax base and </div><div class=\"t s2_172\" id=\"t13_172\" style=\"left:65px;bottom:546px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">carrying value of assets and liabilities. </div><div class=\"t s2_172\" id=\"t14_172\" style=\"left:65px;bottom:523px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Deferred tax is calculated at the tax rates that are expected to apply </div><div class=\"t s2_172\" id=\"t15_172\" style=\"left:65px;bottom:508px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">in the periods in which the asset is released or the liability will be </div><div class=\"t s2_172\" id=\"t16_172\" style=\"left:65px;bottom:492px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">settled, based on tax rates and laws enacted or substantively </div><div class=\"t s2_172\" id=\"t17_172\" style=\"left:65px;bottom:477px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">enacted at the end of the reporting period. </div><div class=\"t s2_172\" id=\"t18_172\" style=\"left:65px;bottom:454px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Judgement is used when assessing the extent to which deferred tax </div><div class=\"t s2_172\" id=\"t19_172\" style=\"left:65px;bottom:439px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">assets, particularly in respect of tax losses, should be recognised. </div><div class=\"t s2_172\" id=\"t1a_172\" style=\"left:65px;bottom:424px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Deferred tax assets are only recognised to the extent that it is </div><div class=\"t s3_172\" id=\"t1b_172\" style=\"left:65px;bottom:408px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">regarded as probable that there will be su\ufb00icient and suitable </div><div class=\"t s3_172\" id=\"t1c_172\" style=\"left:65px;bottom:393px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">taxable profits or de</div><div class=\"t s2_172\" id=\"t1d_172\" style=\"left:177px;bottom:393px;letter-spacing:-0.08px;word-spacing:-0.08px;display:inline;\">ferred tax liabilities in the relevant legal entity </div><div class=\"t s2_172\" id=\"t1e_172\" style=\"left:65px;bottom:378px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">or tax group against which such assets can be utilised in the future. </div><div class=\"t s2_172\" id=\"t1f_172\" style=\"left:65px;bottom:363px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">For this purpose, forecasts of future pro</div><div class=\"t s3_172\" id=\"t1g_172\" style=\"left:286px;bottom:363px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">fits are considered by </div><div class=\"t s2_172\" id=\"t1h_172\" style=\"left:65px;bottom:347px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">assessing estimated future cash </div><div class=\"t s3_172\" id=\"t1i_172\" style=\"left:247px;bottom:347px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">flows, consistent with those </div><div class=\"t s2_172\" id=\"t1j_172\" style=\"left:65px;bottom:332px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">disclosed on page 161 within \u2018Going concern\u2019. Tax assumptions </div><div class=\"t s3_172\" id=\"t1k_172\" style=\"left:65px;bottom:317px;letter-spacing:-0.09px;word-spacing:-0.07px;display:inline;\">are overlaid to these profit </div><div class=\"t s2_172\" id=\"t1l_172\" style=\"left:214px;bottom:317px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">forecasts to estimate the future </div><div class=\"t s3_172\" id=\"t1m_172\" style=\"left:65px;bottom:301px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">taxable profits. </div><div class=\"t s2_172\" id=\"t1n_172\" style=\"left:65px;bottom:279px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Deferred tax is not provided on temporary di\ufb00erences arising on </div><div class=\"t s2_172\" id=\"t1o_172\" style=\"left:65px;bottom:263px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">investments in subsidiaries where the Group is able to control the </div><div class=\"t s2_172\" id=\"t1p_172\" style=\"left:65px;bottom:248px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">timing of the reversal and it is probable that the temporary </div><div class=\"t s2_172\" id=\"t1q_172\" style=\"left:65px;bottom:233px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">di\ufb00erence will not reverse in the foreseeable future. </div><div class=\"t s2_172\" id=\"t1r_172\" style=\"left:65px;bottom:210px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Where deferred tax assets and liabilities arise in the same entity, or </div><div class=\"t s2_172\" id=\"t1s_172\" style=\"left:65px;bottom:195px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">group of entities, and there would be a legal right to o\ufb00set the assets </div><div class=\"t s2_172\" id=\"t1t_172\" style=\"left:65px;bottom:179px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">and liabilities were they to reverse, the assets and liabilities are also </div><div class=\"t s2_172\" id=\"t1u_172\" style=\"left:65px;bottom:164px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">o\ufb00set in the Group statement of </div><div class=\"t s3_172\" id=\"t1v_172\" style=\"left:246px;bottom:164px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">financial position. </div><div class=\"t s0_172\" id=\"t1w_172\" style=\"left:461px;bottom:1115px;letter-spacing:0.01px;word-spacing:-0.15px;display:inline;\">Retirement benefits </div><div class=\"t s4_172\" id=\"t1x_172\" style=\"left:461px;bottom:1100px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">Defined contribution plans </div><div class=\"t s3_172\" id=\"t1y_172\" style=\"left:461px;bottom:1084px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Payments to defined contribution plans are charged to the Group </div><div class=\"t s2_172\" id=\"t1z_172\" style=\"left:461px;bottom:1069px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">income statement as they fall due. </div><div class=\"t s4_172\" id=\"t20_172\" style=\"left:461px;bottom:1046px;letter-spacing:0.02px;word-spacing:-0.16px;display:inline;\">Defined benefit plans </div><div class=\"t s2_172\" id=\"t21_172\" style=\"left:461px;bottom:1031px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Plan assets are measured at fair value and plan liabilities are </div><div class=\"t s2_172\" id=\"t22_172\" style=\"left:461px;bottom:1016px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">measured on an actuarial basis using the projected unit credit </div><div class=\"t s2_172\" id=\"t23_172\" style=\"left:461px;bottom:1000px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">method, discounted at an interest rate equivalent to the current rate </div><div class=\"t s2_172\" id=\"t24_172\" style=\"left:461px;bottom:985px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">of return on a high-quality corporate bond of equivalent currency </div><div class=\"t s2_172\" id=\"t25_172\" style=\"left:461px;bottom:970px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">and term to the plan liabilities. The di\ufb00erence between the value </div><div class=\"t s2_172\" id=\"t26_172\" style=\"left:461px;bottom:955px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">of plan assets and liabilities at the period-end date is the amount </div><div class=\"t s2_172\" id=\"t27_172\" style=\"left:461px;bottom:939px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">of surplus or de</div><div class=\"t s3_172\" id=\"t28_172\" style=\"left:548px;bottom:939px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">ficit recorded in the Group statement o</div><div class=\"t s2_172\" id=\"t29_172\" style=\"left:766px;bottom:939px;display:inline;\">f </div><div class=\"t s3_172\" id=\"t2a_172\" style=\"left:773px;bottom:939px;letter-spacing:-0.03px;display:inline;\">financial </div><div class=\"t s2_172\" id=\"t2b_172\" style=\"left:461px;bottom:924px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">position as an asset or liability. An asset is recognised when the </div><div class=\"t s2_172\" id=\"t2c_172\" style=\"left:461px;bottom:909px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">employer has an unconditional right to use the surplus at some </div><div class=\"t s2_172\" id=\"t2d_172\" style=\"left:461px;bottom:893px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">point during the life of the plan or on its wind-up. </div><div class=\"t s2_172\" id=\"t2e_172\" style=\"left:461px;bottom:871px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">The service cost of providing pension bene</div><div class=\"t s3_172\" id=\"t2f_172\" style=\"left:702px;bottom:871px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">fits to employees, </div><div class=\"t s2_172\" id=\"t2g_172\" style=\"left:461px;bottom:855px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">together with the net interest expense or income for the year, </div><div class=\"t s2_172\" id=\"t2h_172\" style=\"left:461px;bottom:840px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">is charged to the Group income statement within administrative </div><div class=\"t s2_172\" id=\"t2i_172\" style=\"left:461px;bottom:825px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">expenses. Net interest is calculated by applying the discount rate </div><div class=\"t s3_172\" id=\"t2j_172\" style=\"left:461px;bottom:809px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">to the net defined benefit asset or liability, a</div><div class=\"t s2_172\" id=\"t2k_172\" style=\"left:704px;bottom:809px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">fter any asset restriction. </div><div class=\"t s2_172\" id=\"t2l_172\" style=\"left:461px;bottom:787px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Re-measurements comprise actuarial gains and losses, the return </div><div class=\"t s2_172\" id=\"t2m_172\" style=\"left:461px;bottom:771px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">on plan assets and changes in the amount of any asset restrictions. </div><div class=\"t s2_172\" id=\"t2n_172\" style=\"left:461px;bottom:756px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Actuarial gains and losses may result from di\ufb00erences between </div><div class=\"t s2_172\" id=\"t2o_172\" style=\"left:461px;bottom:741px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">the actuarial assumptions underlying the plan liabilities and actual </div><div class=\"t s2_172\" id=\"t2p_172\" style=\"left:461px;bottom:725px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">experience during the year or changes in the actuarial assumptions </div><div class=\"t s2_172\" id=\"t2q_172\" style=\"left:461px;bottom:710px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">used in the valuation of the plan liabilities. Re-measurement gains </div><div class=\"t s2_172\" id=\"t2r_172\" style=\"left:461px;bottom:695px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">and losses, and taxation thereon, are recognised in other </div><div class=\"t s3_172\" id=\"t2s_172\" style=\"left:461px;bottom:680px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">comprehensive income and are not reclassified to profit or loss </div><div class=\"t s2_172\" id=\"t2t_172\" style=\"left:461px;bottom:664px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">in subsequent periods. </div><div class=\"t s2_172\" id=\"t2u_172\" style=\"left:461px;bottom:641px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Actuarial valuations are carried out on a regular basis and are </div><div class=\"t s2_172\" id=\"t2v_172\" style=\"left:461px;bottom:626px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">updated for material transactions and other material changes in </div><div class=\"t s2_172\" id=\"t2w_172\" style=\"left:461px;bottom:611px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">circumstances (including changes in market prices and interest </div><div class=\"t s2_172\" id=\"t2x_172\" style=\"left:461px;bottom:596px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">rates) up to the end of the reporting period. </div><div class=\"t s5_172\" id=\"t2y_172\" style=\"left:461px;bottom:573px;letter-spacing:0.03px;word-spacing:-0.16px;display:inline;\">Deferred compensation plan </div><div class=\"t s2_172\" id=\"t2z_172\" style=\"left:461px;bottom:557px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">The Group operates a deferred compensation plan in the US which </div><div class=\"t s2_172\" id=\"t30_172\" style=\"left:461px;bottom:542px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">allows certain employees to make additional provision for retirement </div><div class=\"t s2_172\" id=\"t31_172\" style=\"left:461px;bottom:527px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">through the deferral of salary with matching company contributions </div><div class=\"t s2_172\" id=\"t32_172\" style=\"left:461px;bottom:512px;letter-spacing:-0.07px;word-spacing:-0.09px;display:inline;\">within a dedicated trust. The related assets and liabilities are </div><div class=\"t s2_172\" id=\"t33_172\" style=\"left:461px;bottom:496px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">recognised in the Group statement of </div><div class=\"t s3_172\" id=\"t34_172\" style=\"left:674px;bottom:496px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">financial position. The Group\u2019s </div><div class=\"t s2_172\" id=\"t35_172\" style=\"left:461px;bottom:481px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">obligation to employees under the plan is limited to the fair value of </div><div class=\"t s2_172\" id=\"t36_172\" style=\"left:461px;bottom:466px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">assets held by the plan and so the assets and liabilities are valued at </div><div class=\"t s3_172\" id=\"t37_172\" style=\"left:461px;bottom:450px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">the same amount, with no net impact on profit or loss. </div><div class=\"t s0_172\" id=\"t38_172\" style=\"left:461px;bottom:427px;letter-spacing:0.05px;word-spacing:-0.17px;display:inline;\">Share-based payments </div><div class=\"t s2_172\" id=\"t39_172\" style=\"left:461px;bottom:412px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">The cost of equity-settled share-based payment transactions with </div><div class=\"t s2_172\" id=\"t3a_172\" style=\"left:461px;bottom:397px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">employees is measured by reference to fair value at the date at </div><div class=\"t s2_172\" id=\"t3b_172\" style=\"left:461px;bottom:382px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">which the right to the shares is granted. Fair value is determined </div><div class=\"t s2_172\" id=\"t3c_172\" style=\"left:461px;bottom:366px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">by an external valuer using option pricing models. </div><div class=\"t s2_172\" id=\"t3d_172\" style=\"left:461px;bottom:343px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">The cost of equity-settled share-based payment transactions is </div><div class=\"t s2_172\" id=\"t3e_172\" style=\"left:461px;bottom:328px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">recognised, together with a corresponding increase in equity, </div><div class=\"t s2_172\" id=\"t3f_172\" style=\"left:461px;bottom:313px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">over the period in which any performance or service conditions </div><div class=\"t s2_172\" id=\"t3g_172\" style=\"left:461px;bottom:298px;letter-spacing:-0.12px;word-spacing:-0.04px;display:inline;\">are ful</div><div class=\"t s3_172\" id=\"t3h_172\" style=\"left:496px;bottom:298px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">filled, ending on the date on which the relevant employees </div><div class=\"t s2_172\" id=\"t3i_172\" style=\"left:461px;bottom:282px;letter-spacing:-0.1px;word-spacing:-0.05px;display:inline;\">become fully entitled to the award (vesting date). </div><div class=\"t s2_172\" id=\"t3j_172\" style=\"left:461px;bottom:259px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The Group income statement charge represents the movement in </div><div class=\"t s2_172\" id=\"t3k_172\" style=\"left:461px;bottom:244px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">cumulative expense recognised at the beginning and end of that </div><div class=\"t s2_172\" id=\"t3l_172\" style=\"left:461px;bottom:229px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">year. No expense is recognised for awards that do not ultimately </div><div class=\"t s2_172\" id=\"t3m_172\" style=\"left:461px;bottom:214px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">vest, except for awards where vesting is conditional upon a market </div><div class=\"t s2_172\" id=\"t3n_172\" style=\"left:461px;bottom:198px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">or non-vesting condition, which are treated as vesting irrespective </div><div class=\"t s2_172\" id=\"t3o_172\" style=\"left:461px;bottom:183px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">of whether or not the market or non-vesting condition is satis</div><div class=\"t s3_172\" id=\"t3p_172\" style=\"left:800px;bottom:183px;letter-spacing:-0.01px;display:inline;\">fied, </div><div class=\"t s2_172\" id=\"t3q_172\" style=\"left:461px;bottom:168px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">provided that all other performance and/or service conditions </div><div class=\"t s3_172\" id=\"t3r_172\" style=\"left:461px;bottom:152px;letter-spacing:-0.04px;word-spacing:-0.12px;display:inline;\">are satisfied. </div><div class=\"t s0_172\" id=\"t3s_172\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t s1_172\" id=\"t3t_172\" style=\"left:65px;bottom:31px;letter-spacing:-0.19px;display:inline;\"></div><div></div><div class=\"t s0_173\" id=\"t1_173\" style=\"left:65px;bottom:1115px;letter-spacing:-0.02px;display:inline;\">Provisions </div><div class=\"t s1_173\" id=\"t2_173\" style=\"left:65px;bottom:1100px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Provisions are recognised when the Group has a present obligation </div><div class=\"t s1_173\" id=\"t3_173\" style=\"left:65px;bottom:1084px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">as a result of a past event, it is probable that a payment will be made </div><div class=\"t s1_173\" id=\"t4_173\" style=\"left:65px;bottom:1069px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">and a reliable estimate of the amount payable can be made. If the </div><div class=\"t s1_173\" id=\"t5_173\" style=\"left:65px;bottom:1054px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">e\ufb00ect of the time value of money is material, the provision is </div><div class=\"t s2_173\" id=\"t6_173\" style=\"left:65px;bottom:1039px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">discounted using a current pre-tax discount rate that reflects the </div><div class=\"t s2_173\" id=\"t7_173\" style=\"left:65px;bottom:1023px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">risks specific to the liability. No amounts are currently discounted. </div><div class=\"t s3_173\" id=\"t8_173\" style=\"left:65px;bottom:1000px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Commercial litigation and disputes </div><div class=\"t s1_173\" id=\"t9_173\" style=\"left:65px;bottom:985px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">A provision is made when management consider it probable that </div><div class=\"t s1_173\" id=\"ta_173\" style=\"left:65px;bottom:970px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">payment may occur and the amount can be reliably estimated even </div><div class=\"t s1_173\" id=\"tb_173\" style=\"left:65px;bottom:955px;letter-spacing:-0.07px;word-spacing:-0.1px;display:inline;\">though the defence of the related claim may still be ongoing through </div><div class=\"t s1_173\" id=\"tc_173\" style=\"left:65px;bottom:939px;word-spacing:-0.14px;display:inline;\">the court process. </div><div class=\"t s3_173\" id=\"td_173\" style=\"left:65px;bottom:916px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">Self insurance reserves </div><div class=\"t s1_173\" id=\"te_173\" style=\"left:65px;bottom:901px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">The Group holds insurance policies with third-party insurers </div><div class=\"t s1_173\" id=\"tf_173\" style=\"left:65px;bottom:886px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">against certain risks relating to its corporate operations and owned </div><div class=\"t s1_173\" id=\"tg_173\" style=\"left:65px;bottom:871px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">and leased properties. Certain risks are reinsured through the </div><div class=\"t s1_173\" id=\"th_173\" style=\"left:65px;bottom:855px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">Group\u2019s captive insurance company (the \u2018Captive\u2019), SCH Insurance </div><div class=\"t s1_173\" id=\"ti_173\" style=\"left:65px;bottom:840px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">Company. This reduces the cost of insurance to the Group. </div><div class=\"t s1_173\" id=\"tj_173\" style=\"left:65px;bottom:817px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">For both the Group\u2019s self insurance provisions and its external </div><div class=\"t s1_173\" id=\"tk_173\" style=\"left:65px;bottom:802px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">insurance obligations, in addition to the Captive obtaining regulatory </div><div class=\"t s1_173\" id=\"tl_173\" style=\"left:65px;bottom:786px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">approval, each line of insurance is subject to review and approval by </div><div class=\"t s1_173\" id=\"tm_173\" style=\"left:65px;bottom:771px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">the Insurance Executive Sub-Committee. The level of retained risk </div><div class=\"t s1_173\" id=\"tn_173\" style=\"left:65px;bottom:756px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">and expected loss is reviewed annually to balance the level of risk </div><div class=\"t s1_173\" id=\"to_173\" style=\"left:65px;bottom:741px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">against external risk transfer costs. </div><div class=\"t s1_173\" id=\"tp_173\" style=\"left:65px;bottom:718px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Insurance reserves are held principally in the Captive. They are </div><div class=\"t s2_173\" id=\"tq_173\" style=\"left:65px;bottom:702px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">established using independent actuarial assessments, which reflect </div><div class=\"t s1_173\" id=\"tr_173\" style=\"left:65px;bottom:687px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">current expectations of the future economic outlook, or are based </div><div class=\"t s1_173\" id=\"ts_173\" style=\"left:65px;bottom:672px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">on past claims experience provided by third parties. </div><div class=\"t s1_173\" id=\"tt_173\" style=\"left:65px;bottom:649px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Amounts utilised are principally paid to third-party insurers or </div><div class=\"t s1_173\" id=\"tu_173\" style=\"left:65px;bottom:634px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">dedicated claims handlers for subsequent settlement with the </div><div class=\"t s1_173\" id=\"tv_173\" style=\"left:65px;bottom:618px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">claimant. In order to protect the third-party insurer against the </div><div class=\"t s1_173\" id=\"tw_173\" style=\"left:65px;bottom:603px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">solvency risk of the Captive, the Group has outstanding letters </div><div class=\"t s1_173\" id=\"tx_173\" style=\"left:65px;bottom:588px;letter-spacing:-0.1px;word-spacing:-0.05px;display:inline;\">of credit (see note 30). </div><div class=\"t s0_173\" id=\"ty_173\" style=\"left:65px;bottom:565px;letter-spacing:0.05px;display:inline;\">Insurance </div><div class=\"t s1_173\" id=\"tz_173\" style=\"left:65px;bottom:550px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">The Group has applied IFRS 17 for the </div><div class=\"t s2_173\" id=\"t10_173\" style=\"left:275px;bottom:550px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">first time in 2023. IFRS 17 </div><div class=\"t s1_173\" id=\"t11_173\" style=\"left:65px;bottom:534px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">introduces a new measurement and disclosure model for insurance </div><div class=\"t s1_173\" id=\"t12_173\" style=\"left:65px;bottom:519px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">contract arrangements. The Group has applied these changes </div><div class=\"t s1_173\" id=\"t13_173\" style=\"left:65px;bottom:504px;letter-spacing:-0.1px;display:inline;\">retrospectively. </div><div class=\"t s1_173\" id=\"t14_173\" style=\"left:65px;bottom:481px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The Group\u2019s insurance reserves relating to managed hotels </div><div class=\"t s1_173\" id=\"t15_173\" style=\"left:65px;bottom:466px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">(previously included within provisions) are now included in the </div><div class=\"t s1_173\" id=\"t16_173\" style=\"left:65px;bottom:450px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Group statement of </div><div class=\"t s2_173\" id=\"t17_173\" style=\"left:177px;bottom:450px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">financial position as insurance liabilities. </div><div class=\"t s1_173\" id=\"t18_173\" style=\"left:65px;bottom:435px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Insurance liabilities include both claims which are incurred but </div><div class=\"t s1_173\" id=\"t19_173\" style=\"left:65px;bottom:420px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">not reported (\u2018IBNR\u2019) and those reported but not yet settled. </div><div class=\"t s1_173\" id=\"t1a_173\" style=\"left:65px;bottom:405px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Reserves are established using IFRS 17\u2019s premium allocation </div><div class=\"t s1_173\" id=\"t1b_173\" style=\"left:65px;bottom:389px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">approach, as all policies have a duration of 12 months or less, </div><div class=\"t s2_173\" id=\"t1c_173\" style=\"left:65px;bottom:374px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">and incorporate independent actuarial assessments which reflect </div><div class=\"t s1_173\" id=\"t1d_173\" style=\"left:65px;bottom:359px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">current expectations of the future economic outlook and past </div><div class=\"t s1_173\" id=\"t1e_173\" style=\"left:65px;bottom:343px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">claims experience. </div><div class=\"t s1_173\" id=\"t1f_173\" style=\"left:65px;bottom:321px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">The Group assesses other arrangements with guarantees and </div><div class=\"t s1_173\" id=\"t1g_173\" style=\"left:65px;bottom:305px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">similar features to determine whether an insurance contract exists. </div><div class=\"t s2_173\" id=\"t1h_173\" style=\"left:65px;bottom:290px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">No material contracts have been identified to date. </div><div class=\"t s1_173\" id=\"t1i_173\" style=\"left:65px;bottom:267px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">Insurance revenue and insurance expenses are presented separately </div><div class=\"t s1_173\" id=\"t1j_173\" style=\"left:65px;bottom:252px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">within the Group income statement. Insurance revenue comprises </div><div class=\"t s1_173\" id=\"t1k_173\" style=\"left:65px;bottom:236px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">reinsurance premiums which are recognised over the period of </div><div class=\"t s1_173\" id=\"t1l_173\" style=\"left:65px;bottom:221px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">coverage; insurance expenses comprise the cost of claims and </div><div class=\"t s1_173\" id=\"t1m_173\" style=\"left:65px;bottom:206px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">associated expenses. The e\ufb00ect of discounting is immaterial. </div><div class=\"t s0_173\" id=\"t1n_173\" style=\"left:461px;bottom:1115px;letter-spacing:0.03px;word-spacing:-0.17px;display:inline;\">Disposal of non-current assets </div><div class=\"t s1_173\" id=\"t1o_173\" style=\"left:461px;bottom:1100px;letter-spacing:-0.04px;word-spacing:-0.12px;display:inline;\">The Group recognises sales proceeds and any related gain or loss on </div><div class=\"t s1_173\" id=\"t1p_173\" style=\"left:461px;bottom:1084px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">disposal on completion of the sales process. In determining whether </div><div class=\"t s1_173\" id=\"t1q_173\" style=\"left:461px;bottom:1069px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">the gain or loss should be recorded, the Group considers whether it: </div><div class=\"t s3_173\" id=\"t1r_173\" style=\"left:461px;bottom:1046px;display:inline;\">\u2022 </div><div class=\"t s1_173\" id=\"t1s_173\" style=\"left:470px;bottom:1046px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">has a continuing managerial involvement to the degree associated </div><div class=\"t s1_173\" id=\"t1t_173\" style=\"left:470px;bottom:1031px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">with asset ownership; </div><div class=\"t s3_173\" id=\"t1u_173\" style=\"left:461px;bottom:1012px;display:inline;\">\u2022 </div><div class=\"t s1_173\" id=\"t1v_173\" style=\"left:470px;bottom:1012px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">has transferred the signi</div><div class=\"t s2_173\" id=\"t1w_173\" style=\"left:604px;bottom:1012px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">ficant risks and rewards associated with </div><div class=\"t s1_173\" id=\"t1x_173\" style=\"left:470px;bottom:997px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">asset ownership; and </div><div class=\"t s3_173\" id=\"t1y_173\" style=\"left:461px;bottom:977px;display:inline;\">\u2022 </div><div class=\"t s1_173\" id=\"t1z_173\" style=\"left:470px;bottom:977px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">can reliably measure and will actually receive the proceeds. </div><div class=\"t s0_173\" id=\"t20_173\" style=\"left:461px;bottom:955px;letter-spacing:0.01px;word-spacing:-0.15px;display:inline;\">Equity share capital and reserves </div><div class=\"t s3_173\" id=\"t21_173\" style=\"left:461px;bottom:939px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Equity share capital </div><div class=\"t s1_173\" id=\"t22_173\" style=\"left:461px;bottom:924px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Equity share capital includes the total net proceeds (both nominal </div><div class=\"t s1_173\" id=\"t23_173\" style=\"left:461px;bottom:909px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">value and share premium) on issue of the Company\u2019s equity share </div><div class=\"t s1_173\" id=\"t24_173\" style=\"left:461px;bottom:893px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">capital. Share premium represents the amount of proceeds received </div><div class=\"t s1_173\" id=\"t25_173\" style=\"left:461px;bottom:878px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">for shares in excess of their nominal value. </div><div class=\"t s3_173\" id=\"t26_173\" style=\"left:461px;bottom:855px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">Capital redemption reserve </div><div class=\"t s1_173\" id=\"t27_173\" style=\"left:461px;bottom:840px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The capital redemption reserve maintains the nominal value of the </div><div class=\"t s1_173\" id=\"t28_173\" style=\"left:461px;bottom:825px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">equity share capital of the Company when shares are repurchased </div><div class=\"t s1_173\" id=\"t29_173\" style=\"left:461px;bottom:809px;word-spacing:-0.14px;display:inline;\">and cancelled. </div><div class=\"t s3_173\" id=\"t2a_173\" style=\"left:461px;bottom:787px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Shares held by employee share trusts </div><div class=\"t s1_173\" id=\"t2b_173\" style=\"left:461px;bottom:771px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Shares held by employee share trusts comprise ordinary shares </div><div class=\"t s1_173\" id=\"t2c_173\" style=\"left:461px;bottom:756px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">held by employee share trusts. </div><div class=\"t s3_173\" id=\"t2d_173\" style=\"left:461px;bottom:733px;letter-spacing:0.01px;word-spacing:-0.15px;display:inline;\">Other reserves </div><div class=\"t s1_173\" id=\"t2e_173\" style=\"left:461px;bottom:718px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">Other reserves comprise the merger and revaluation reserves </div><div class=\"t s1_173\" id=\"t2f_173\" style=\"left:461px;bottom:702px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">previously recognised under UK GAAP, together with the reserve </div><div class=\"t s1_173\" id=\"t2g_173\" style=\"left:461px;bottom:687px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">arising as a consequence of the Group\u2019s capital reorganisation in </div><div class=\"t s1_173\" id=\"t2h_173\" style=\"left:461px;bottom:672px;letter-spacing:-0.25px;word-spacing:-0.08px;display:inline;\">June 2005. The revaluation reserve relates to the previous revaluations </div><div class=\"t s1_173\" id=\"t2i_173\" style=\"left:461px;bottom:657px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">of property, plant and equipment which were included at deemed </div><div class=\"t s1_173\" id=\"t2j_173\" style=\"left:461px;bottom:641px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">cost on adoption of IFRS. Following the change in presentational </div><div class=\"t s1_173\" id=\"t2k_173\" style=\"left:461px;bottom:626px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">currency to US dollars in 2008, this reserve also includes exchange </div><div class=\"t s1_173\" id=\"t2l_173\" style=\"left:461px;bottom:611px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">di\ufb00erences arising on retranslation to period-end exchange rates of </div><div class=\"t s1_173\" id=\"t2m_173\" style=\"left:461px;bottom:596px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">equity share capital, the capital redemption reserve and shares held </div><div class=\"t s1_173\" id=\"t2n_173\" style=\"left:461px;bottom:580px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">by employee share trusts. </div><div class=\"t s3_173\" id=\"t2o_173\" style=\"left:461px;bottom:557px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">Fair value reserve </div><div class=\"t s1_173\" id=\"t2p_173\" style=\"left:461px;bottom:542px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">The fair value reserve comprises movements in the value of </div><div class=\"t s2_173\" id=\"t2q_173\" style=\"left:794px;bottom:542px;letter-spacing:-0.03px;display:inline;\">financial </div><div class=\"t s1_173\" id=\"t2r_173\" style=\"left:461px;bottom:527px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">assets measured at fair value through other comprehensive income. </div><div class=\"t s4_173\" id=\"t2s_173\" style=\"left:461px;bottom:504px;word-spacing:-0.13px;display:inline;\">Cash flow hedge reserves </div><div class=\"t s2_173\" id=\"t2t_173\" style=\"left:461px;bottom:489px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">The cash flow hedge reserves comprise: </div><div class=\"t s3_173\" id=\"t2u_173\" style=\"left:461px;bottom:466px;display:inline;\">\u2022 </div><div class=\"t s2_173\" id=\"t2v_173\" style=\"left:470px;bottom:466px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Cash flow hedge reserve: the e\ufb00ective portion o</div><div class=\"t s1_173\" id=\"t2w_173\" style=\"left:738px;bottom:466px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">f the cumulative </div><div class=\"t s1_173\" id=\"t2x_173\" style=\"left:470px;bottom:450px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">net change in the fair value of hedging instruments used in cash </div><div class=\"t s2_173\" id=\"t2y_173\" style=\"left:470px;bottom:435px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">flow hedges pending subsequent recognition in profit or loss; and </div><div class=\"t s3_173\" id=\"t2z_173\" style=\"left:461px;bottom:416px;display:inline;\">\u2022 </div><div class=\"t s1_173\" id=\"t30_173\" style=\"left:470px;bottom:416px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Cost of hedging reserve: the gain or loss which is excluded from </div><div class=\"t s1_173\" id=\"t31_173\" style=\"left:470px;bottom:401px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">the designated hedging instrument relating to the foreign currency </div><div class=\"t s1_173\" id=\"t32_173\" style=\"left:470px;bottom:385px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">basis spread of currency swaps. </div><div class=\"t s3_173\" id=\"t33_173\" style=\"left:461px;bottom:363px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Currency translation reserve </div><div class=\"t s1_173\" id=\"t34_173\" style=\"left:461px;bottom:347px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The currency translation reserve comprises the movement in </div><div class=\"t s1_173\" id=\"t35_173\" style=\"left:461px;bottom:332px;letter-spacing:-0.25px;word-spacing:-0.08px;display:inline;\">exchange di\ufb00erences arising from the translation of foreign operations </div><div class=\"t s1_173\" id=\"t36_173\" style=\"left:461px;bottom:317px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">and exchange di\ufb00erences on foreign currency borrowings and </div><div class=\"t s2_173\" id=\"t37_173\" style=\"left:461px;bottom:301px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">derivative financial instruments that provide an e\ufb00ective hedge </div><div class=\"t s1_173\" id=\"t38_173\" style=\"left:461px;bottom:286px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">against net investments in foreign operations. On adoption of IFRS, </div><div class=\"t s1_173\" id=\"t39_173\" style=\"left:461px;bottom:271px;letter-spacing:-0.05px;word-spacing:-0.08px;display:inline;\">cumulative exchange di\ufb00erences were deemed to be $nil. </div><div class=\"t s3_173\" id=\"t3a_173\" style=\"left:461px;bottom:248px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Non-controlling interest </div><div class=\"t s1_173\" id=\"t3b_173\" style=\"left:461px;bottom:233px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">A non-controlling interest is equity in a subsidiary of the Group not </div>attributable, directly or indirectly, to the Group.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f25346": {
   "value": "Basis of consolidation <div class=\"t s2_164\" id=\"t2c_164\" style=\"left:461px;bottom:809px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">The Consolidated Financial Statements comprise the financial </div><div class=\"t s1_164\" id=\"t2d_164\" style=\"left:461px;bottom:794px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">statements of the Parent Company and entities controlled by </div><div class=\"t s1_164\" id=\"t2e_164\" style=\"left:461px;bottom:779px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">the Group. Control exists when the Group has: </div><div class=\"t s4_164\" id=\"t2f_164\" style=\"left:461px;bottom:756px;display:inline;\">\u2022 </div><div class=\"t s1_164\" id=\"t2g_164\" style=\"left:470px;bottom:756px;letter-spacing:-0.1px;word-spacing:-0.05px;display:inline;\">power over an investee (i.e., existing rights that give it the current </div><div class=\"t s1_164\" id=\"t2h_164\" style=\"left:470px;bottom:741px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">ability to direct the relevant activities of the investee); </div><div class=\"t s4_164\" id=\"t2i_164\" style=\"left:461px;bottom:722px;display:inline;\">\u2022 </div><div class=\"t s1_164\" id=\"t2j_164\" style=\"left:470px;bottom:722px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">exposure, or rights, to variable returns from its involvement with </div><div class=\"t s1_164\" id=\"t2k_164\" style=\"left:470px;bottom:706px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">the investee; and </div><div class=\"t s4_164\" id=\"t2l_164\" style=\"left:461px;bottom:687px;display:inline;\">\u2022 </div><div class=\"t s1_164\" id=\"t2m_164\" style=\"left:470px;bottom:687px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">the ability to use its power over the investee to a\ufb00ect its returns. </div><div class=\"t s1_164\" id=\"t2n_164\" style=\"left:461px;bottom:664px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">All intra-group balances and transactions are eliminated on </div><div class=\"t s1_164\" id=\"t2o_164\" style=\"left:461px;bottom:649px;letter-spacing:-0.02px;display:inline;\">consolidation. </div><div class=\"t s1_164\" id=\"t2p_164\" style=\"left:461px;bottom:626px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">The assets, liabilities and results of those businesses acquired or </div><div class=\"t s1_164\" id=\"t2q_164\" style=\"left:461px;bottom:611px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">disposed of are consolidated for the period during which they were </div>under the Group\u2019s control.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f25366": {
   "value": "Foreign currencies <div class=\"t s1_164\" id=\"t2t_164\" style=\"left:461px;bottom:557px;letter-spacing:-0.14px;word-spacing:-0.07px;display:inline;\">Within the Group\u2019s subsidiaries, transactions in foreign currencies are </div><div class=\"t s1_164\" id=\"t2u_164\" style=\"left:461px;bottom:542px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">translated to the subsidiary\u2019s functional currency at the exchange </div><div class=\"t s1_164\" id=\"t2v_164\" style=\"left:461px;bottom:527px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">rates ruling on the dates of the transactions. Monetary assets and </div><div class=\"t s1_164\" id=\"t2w_164\" style=\"left:461px;bottom:512px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">liabilities denominated in foreign currencies are retranslated to the </div><div class=\"t s1_164\" id=\"t2x_164\" style=\"left:461px;bottom:496px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">subsidiary\u2019s functional currency at the relevant rates of exchange </div><div class=\"t s1_164\" id=\"t2y_164\" style=\"left:461px;bottom:481px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">ruling on the last day of the period. On consolidation: </div><div class=\"t s4_164\" id=\"t2z_164\" style=\"left:461px;bottom:458px;display:inline;\">\u2022 </div><div class=\"t s1_164\" id=\"t30_164\" style=\"left:470px;bottom:458px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">The assets and liabilities of foreign operations of the Group\u2019s </div><div class=\"t s1_164\" id=\"t31_164\" style=\"left:470px;bottom:443px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">subsidiaries with a functional currency other than US dollars are </div><div class=\"t s1_164\" id=\"t32_164\" style=\"left:470px;bottom:427px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">translated into US dollars at the relevant rates of exchange ruling </div><div class=\"t s1_164\" id=\"t33_164\" style=\"left:470px;bottom:412px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">on the last day of the period. The revenues and expenses of foreign </div><div class=\"t s1_164\" id=\"t34_164\" style=\"left:470px;bottom:397px;letter-spacing:-0.26px;word-spacing:-0.07px;display:inline;\">operations are translated into US dollars at average rates of exchange </div><div class=\"t s1_164\" id=\"t35_164\" style=\"left:470px;bottom:382px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">for each month of the reporting period. The Group treats speci</div><div class=\"t s2_164\" id=\"t36_164\" style=\"left:819px;bottom:382px;display:inline;\">fic </div><div class=\"t s1_164\" id=\"t37_164\" style=\"left:470px;bottom:366px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">intercompany loan balances, which are not intended to be repaid </div><div class=\"t s1_164\" id=\"t38_164\" style=\"left:470px;bottom:351px;letter-spacing:-0.19px;word-spacing:-0.08px;display:inline;\">in the foreseeable future, as part of its net investment. The exchange </div><div class=\"t s1_164\" id=\"t39_164\" style=\"left:470px;bottom:336px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">di\ufb00erences arising on retranslation are taken to the currency </div><div class=\"t s1_164\" id=\"t3a_164\" style=\"left:470px;bottom:321px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">translation reserve; and </div><div class=\"t s4_164\" id=\"t3b_164\" style=\"left:461px;bottom:301px;display:inline;\">\u2022 </div><div class=\"t s1_164\" id=\"t3c_164\" style=\"left:470px;bottom:301px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Exchange di\ufb00erences arising from the translation of borrowings </div><div class=\"t s1_164\" id=\"t3d_164\" style=\"left:470px;bottom:286px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">that are designated as a hedge against a net investment in a </div><div class=\"t s1_164\" id=\"t3e_164\" style=\"left:470px;bottom:271px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">foreign operation are taken to the currency translation reserve. </div><div class=\"t s1_164\" id=\"t3f_164\" style=\"left:461px;bottom:248px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">On disposal of a foreign operation, the cumulative amount </div><div class=\"t s1_164\" id=\"t3g_164\" style=\"left:461px;bottom:233px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">recognised in the currency translation reserve relating to that </div><div class=\"t s1_164\" id=\"t3h_164\" style=\"left:461px;bottom:217px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">particular foreign operation is recycled as part of the gain or </div>loss on disposal.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f25420": {
   "value": "Revenue recognition <div class=\"t s1_165\" id=\"t2_165\" style=\"left:65px;bottom:1100px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Revenue is recognised at an amount that reflects the consideration </div><div class=\"t s2_165\" id=\"t3_165\" style=\"left:65px;bottom:1084px;letter-spacing:-0.2px;word-spacing:-0.07px;display:inline;\">to which the Group expects to be entitled in exchange for transferring </div><div class=\"t s1_165\" id=\"t4_165\" style=\"left:65px;bottom:1069px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">goods or services to a customer. </div><div class=\"t s3_165\" id=\"t5_165\" style=\"left:65px;bottom:1046px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">Fee business revenue </div><div class=\"t s2_165\" id=\"t6_165\" style=\"left:65px;bottom:1031px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">Under franchise agreements, the Group\u2019s performance obligation </div><div class=\"t s1_165\" id=\"t7_165\" style=\"left:65px;bottom:1016px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">is to provide a licence to use IHG\u2019s trademarks and other intellectual </div><div class=\"t s2_165\" id=\"t8_165\" style=\"left:65px;bottom:1000px;letter-spacing:-0.12px;word-spacing:-0.1px;display:inline;\">property. Franchise royalty fees are typically charged as a percentage </div><div class=\"t s2_165\" id=\"t9_165\" style=\"left:65px;bottom:985px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">of hotel gross rooms revenues and are treated as variable </div><div class=\"t s1_165\" id=\"ta_165\" style=\"left:65px;bottom:970px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">consideration, recognised as the underlying hotel revenues occur. </div><div class=\"t s2_165\" id=\"tb_165\" style=\"left:65px;bottom:947px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">Under management agreements, the Group\u2019s performance </div><div class=\"t s1_165\" id=\"tc_165\" style=\"left:65px;bottom:932px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">obligation is to provide hotel management services and a licence </div><div class=\"t s1_165\" id=\"td_165\" style=\"left:65px;bottom:916px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">to use IHG\u2019s trademarks and other intellectual property. Base and </div><div class=\"t s2_165\" id=\"te_165\" style=\"left:65px;bottom:901px;letter-spacing:-0.09px;word-spacing:-0.11px;display:inline;\">incentive management fees are typically charged. Base management </div><div class=\"t s2_165\" id=\"tf_165\" style=\"left:65px;bottom:886px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">fees are typically a percentage of total hotel revenues and incentive </div><div class=\"t s2_165\" id=\"tg_165\" style=\"left:65px;bottom:871px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">management fees are generally based on the hotel\u2019s pro</div><div class=\"t s1_165\" id=\"th_165\" style=\"left:378px;bottom:871px;letter-spacing:-0.04px;word-spacing:-0.13px;display:inline;\">fitability or </div><div class=\"t s1_165\" id=\"ti_165\" style=\"left:65px;bottom:855px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">cash flows. Both are treated as variable consideration. Like </div><div class=\"t s2_165\" id=\"tj_165\" style=\"left:392px;bottom:855px;letter-spacing:-0.04px;display:inline;\">franchise </div><div class=\"t s2_165\" id=\"tk_165\" style=\"left:65px;bottom:840px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">fees, base management fees are recognised as the underlying hotel </div><div class=\"t s2_165\" id=\"tl_165\" style=\"left:65px;bottom:825px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">revenues occur. Incentive management fees are recognised over </div><div class=\"t s1_165\" id=\"tm_165\" style=\"left:65px;bottom:809px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">time when it is considered highly probable that the related </div><div class=\"t s2_165\" id=\"tn_165\" style=\"left:65px;bottom:794px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">performance criteria for each annual period will be met, provided </div><div class=\"t s2_165\" id=\"to_165\" style=\"left:65px;bottom:779px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">there is no expectation of a subsequent reversal of the revenue. </div><div class=\"t s2_165\" id=\"tp_165\" style=\"left:65px;bottom:756px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Application and re-licensing fees are not considered to be distinct </div><div class=\"t s2_165\" id=\"tq_165\" style=\"left:65px;bottom:741px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">from the franchise performance obligation and are recognised over </div><div class=\"t s2_165\" id=\"tr_165\" style=\"left:65px;bottom:725px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">the life of the related agreement. </div><div class=\"t s1_165\" id=\"ts_165\" style=\"left:65px;bottom:702px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Franchise and management agreements also contain a promise </div><div class=\"t s1_165\" id=\"tt_165\" style=\"left:65px;bottom:687px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">to provide technology support and network services to hotels. </div><div class=\"t s2_165\" id=\"tu_165\" style=\"left:65px;bottom:672px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">A monthly technology fee, based on either gross rooms revenues </div><div class=\"t s2_165\" id=\"tv_165\" style=\"left:65px;bottom:657px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">or the number of rooms in the hotel, is charged and recognised </div><div class=\"t s2_165\" id=\"tw_165\" style=\"left:65px;bottom:641px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">over time as these services are delivered. Technology fee income </div><div class=\"t s1_165\" id=\"tx_165\" style=\"left:65px;bottom:626px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">is included in Central revenue. </div><div class=\"t s2_165\" id=\"ty_165\" style=\"left:65px;bottom:603px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Technical service fees are received in relation to design and </div><div class=\"t s2_165\" id=\"tz_165\" style=\"left:65px;bottom:588px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">engineering support provided prior to the opening of certain hotel </div><div class=\"t s2_165\" id=\"t10_165\" style=\"left:65px;bottom:573px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">properties. These services are a distinct performance obligation </div><div class=\"t s2_165\" id=\"t11_165\" style=\"left:65px;bottom:557px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">and the fees are recognised as revenue over the pre-opening period </div><div class=\"t s2_165\" id=\"t12_165\" style=\"left:65px;bottom:542px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">in line with the Group\u2019s assessment of the stage of completion of the </div><div class=\"t s2_165\" id=\"t13_165\" style=\"left:65px;bottom:527px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">project, based on the latest expectation of hotel opening date and </div><div class=\"t s2_165\" id=\"t14_165\" style=\"left:65px;bottom:511px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">its knowledge and experience of the pattern of work performed on </div><div class=\"t s1_165\" id=\"t15_165\" style=\"left:65px;bottom:496px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">comparable projects. </div><div class=\"t s1_165\" id=\"t16_165\" style=\"left:65px;bottom:473px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">The Group has applied the practical expedient in IFRS 15 not to </div><div class=\"t s2_165\" id=\"t17_165\" style=\"left:65px;bottom:458px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">disclose the aggregate amount of the transaction price allocated to </div><div class=\"t s2_165\" id=\"t18_165\" style=\"left:65px;bottom:443px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">performance obligations that are unsatis</div><div class=\"t s1_165\" id=\"t19_165\" style=\"left:291px;bottom:443px;letter-spacing:-0.03px;word-spacing:-0.13px;display:inline;\">fied or partially unsatisfied </div><div class=\"t s2_165\" id=\"t1a_165\" style=\"left:65px;bottom:427px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">as at the end of the reporting period for all amounts where the </div><div class=\"t s1_165\" id=\"t1b_165\" style=\"left:65px;bottom:412px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Group has a right to consideration in an amount that corresponds </div><div class=\"t s2_165\" id=\"t1c_165\" style=\"left:65px;bottom:397px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">directly with the value to the customer of the Group\u2019s performance </div><div class=\"t s2_165\" id=\"t1d_165\" style=\"left:65px;bottom:382px;letter-spacing:-0.05px;word-spacing:-0.08px;display:inline;\">completed to date (including franchise and management fees). </div><div class=\"t s3_165\" id=\"t1e_165\" style=\"left:461px;bottom:1115px;letter-spacing:-0.02px;word-spacing:-0.13px;display:inline;\">Contract assets </div><div class=\"t s2_165\" id=\"t1f_165\" style=\"left:461px;bottom:1100px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Amounts paid to hotel owners to secure management and franchise </div><div class=\"t s1_165\" id=\"t1g_165\" style=\"left:461px;bottom:1084px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">agreements (\u2018key money\u2019) are treated as consideration payable to </div><div class=\"t s1_165\" id=\"t1h_165\" style=\"left:461px;bottom:1069px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">a customer. A contract asset is recorded which is recognised as </div><div class=\"t s2_165\" id=\"t1i_165\" style=\"left:461px;bottom:1054px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">a deduction to revenue over the initial term of the agreement. </div><div class=\"t s1_165\" id=\"t1j_165\" style=\"left:461px;bottom:1031px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">In limited cases, loans can be provided to an owner, in such cases </div><div class=\"t s2_165\" id=\"t1k_165\" style=\"left:461px;bottom:1016px;letter-spacing:-0.1px;word-spacing:-0.06px;display:inline;\">the initial credit risk will be low. The di\ufb00erence, if any, between the </div><div class=\"t s2_165\" id=\"t1l_165\" style=\"left:461px;bottom:1000px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">face and market value of the loan on inception is recognised as </div><div class=\"t s1_165\" id=\"t1m_165\" style=\"left:461px;bottom:985px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">a contract asset. </div><div class=\"t s2_165\" id=\"t1n_165\" style=\"left:461px;bottom:962px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">In limited cases, the Group may provide performance guarantees </div><div class=\"t s2_165\" id=\"t1o_165\" style=\"left:461px;bottom:947px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">to third-party hotel owners. The expected value of payments under </div><div class=\"t s2_165\" id=\"t1p_165\" style=\"left:461px;bottom:932px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">performance guarantees reduces the overall transaction price and is </div><div class=\"t s2_165\" id=\"t1q_165\" style=\"left:461px;bottom:916px;letter-spacing:-0.17px;word-spacing:-0.14px;display:inline;\">recognised as a deduction to revenue over the term of the agreement. </div><div class=\"t s1_165\" id=\"t1r_165\" style=\"left:461px;bottom:893px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">Typically, contract assets are not financial assets as they represent </div><div class=\"t s2_165\" id=\"t1s_165\" style=\"left:461px;bottom:878px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">amounts paid by the Group at the beginning of a contract, and so </div><div class=\"t s2_165\" id=\"t1t_165\" style=\"left:461px;bottom:863px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">are tested for impairment based on value in use rather than with </div><div class=\"t s2_165\" id=\"t1u_165\" style=\"left:461px;bottom:848px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">reference to expected credit losses. Contract assets are reviewed </div><div class=\"t s2_165\" id=\"t1v_165\" style=\"left:461px;bottom:832px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">for impairment when events or changes in circumstances indicate </div><div class=\"t s2_165\" id=\"t1w_165\" style=\"left:461px;bottom:817px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">that the carrying value may not be recoverable. If carrying values </div><div class=\"t s2_165\" id=\"t1x_165\" style=\"left:461px;bottom:802px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">exceed the recoverable amount, determined by reference to </div><div class=\"t s2_165\" id=\"t1y_165\" style=\"left:461px;bottom:786px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">estimated future cash </div><div class=\"t s1_165\" id=\"t1z_165\" style=\"left:585px;bottom:786px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">flows discounted to their present value using </div><div class=\"t s1_165\" id=\"t20_165\" style=\"left:461px;bottom:771px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">a pre-tax discount rate, the contract assets are written down to the </div><div class=\"t s1_165\" id=\"t21_165\" style=\"left:461px;bottom:756px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">recoverable amount. </div><div class=\"t s4_165\" id=\"t22_165\" style=\"left:461px;bottom:733px;letter-spacing:-0.05px;word-spacing:-0.08px;display:inline;\">Deferred revenue </div><div class=\"t s2_165\" id=\"t23_165\" style=\"left:461px;bottom:718px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Deferred revenue is recognised when payment is received before </div><div class=\"t s2_165\" id=\"t24_165\" style=\"left:461px;bottom:702px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">the related performance obligation is satis</div><div class=\"t s1_165\" id=\"t25_165\" style=\"left:696px;bottom:702px;letter-spacing:0.02px;display:inline;\">fied. </div><div class=\"t s2_165\" id=\"t26_165\" style=\"left:461px;bottom:680px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Revenue is also deferred when key money is committed and is highly </div><div class=\"t s2_165\" id=\"t27_165\" style=\"left:461px;bottom:664px;letter-spacing:-0.14px;word-spacing:-0.07px;display:inline;\">likely to be paid. The annual revenue deferral is equal to the reduction </div><div class=\"t s2_165\" id=\"t28_165\" style=\"left:461px;bottom:649px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">to revenue that would arise if the key money were paid at inception </div><div class=\"t s2_165\" id=\"t29_165\" style=\"left:461px;bottom:634px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">of the contract. When payment is made, a net contract asset is </div><div class=\"t s2_165\" id=\"t2a_165\" style=\"left:461px;bottom:618px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">recorded which is amortised over the remaining initial term of </div><div class=\"t s1_165\" id=\"t2b_165\" style=\"left:461px;bottom:603px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">the agreement. </div><div class=\"t s3_165\" id=\"t2c_165\" style=\"left:461px;bottom:580px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">Contract costs </div><div class=\"t s2_165\" id=\"t2d_165\" style=\"left:461px;bottom:565px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Certain costs incurred to secure management and franchise </div><div class=\"t s1_165\" id=\"t2e_165\" style=\"left:461px;bottom:550px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">agreements, typically developer commissions, are capitalised and </div><div class=\"t s2_165\" id=\"t2f_165\" style=\"left:461px;bottom:534px;letter-spacing:-0.25px;word-spacing:-0.08px;display:inline;\">amortised as an expense over the initial term of the related agreement. </div><div class=\"t s1_165\" id=\"t2g_165\" style=\"left:461px;bottom:519px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">These costs are presented as contract costs in the Group statement </div><div class=\"t s2_165\" id=\"t2h_165\" style=\"left:461px;bottom:504px;letter-spacing:-0.11px;display:inline;\">of </div><div class=\"t s1_165\" id=\"t2i_165\" style=\"left:475px;bottom:504px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">financial position. </div><div class=\"t s2_165\" id=\"t2j_165\" style=\"left:461px;bottom:481px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Contract costs are reviewed for impairment when events or </div><div class=\"t s1_165\" id=\"t2k_165\" style=\"left:461px;bottom:466px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">changes in circumstances indicate that the carrying value may not </div><div class=\"t s2_165\" id=\"t2l_165\" style=\"left:461px;bottom:450px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">be recoverable with reference to the future expected cash </div><div class=\"t s1_165\" id=\"t2m_165\" style=\"left:788px;bottom:450px;letter-spacing:-0.06px;display:inline;\">flows </div><div class=\"t s2_165\" id=\"t2n_165\" style=\"left:461px;bottom:435px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">from the contract. </div><div class=\"t s4_165\" id=\"t2o_165\" style=\"left:461px;bottom:412px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">Revenue from owned, leased and managed lease hotels </div><div class=\"t s1_165\" id=\"t2p_165\" style=\"left:461px;bottom:397px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">At its owned, leased and managed lease hotels, the Group\u2019s </div><div class=\"t s2_165\" id=\"t2q_165\" style=\"left:461px;bottom:382px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">performance obligation is to provide accommodation and other </div><div class=\"t s1_165\" id=\"t2r_165\" style=\"left:461px;bottom:366px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">goods and services to guests. Revenue includes rooms revenue and </div><div class=\"t s2_165\" id=\"t2s_165\" style=\"left:461px;bottom:351px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">food and beverage sales, which are recognised when the rooms are </div><div class=\"t s2_165\" id=\"t2t_165\" style=\"left:461px;bottom:336px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">occupied and food and beverages are sold. Guest deposits received </div><div class=\"t s2_165\" id=\"t2u_165\" style=\"left:461px;bottom:321px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">in advance of hotel stays are recorded as deferred revenue in the </div><div class=\"t s2_165\" id=\"t2v_165\" style=\"left:461px;bottom:305px;letter-spacing:-0.18px;word-spacing:-0.09px;display:inline;\">Group statement of </div><div class=\"t s1_165\" id=\"t2w_165\" style=\"left:571px;bottom:305px;letter-spacing:-0.17px;word-spacing:-0.1px;display:inline;\">financial position. They are recognised as revenue </div><div class=\"t s2_165\" id=\"t2x_165\" style=\"left:461px;bottom:290px;letter-spacing:-0.24px;word-spacing:-0.09px;display:inline;\">along with any balancing payment from the guest when the associated </div><div class=\"t s2_165\" id=\"t2y_165\" style=\"left:461px;bottom:275px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">stay occurs, or are returned to the customer in the event of </div><div class=\"t s1_165\" id=\"t2z_165\" style=\"left:461px;bottom:259px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">a cancellation. </div><div class=\"t s3_165\" id=\"t30_165\" style=\"left:65px;bottom:31px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\"> </div><div class=\"t m0_165 s5_165\" id=\"t31_165\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t s3_165\" id=\"t32_165\" style=\"left:825px;bottom:31px;letter-spacing:0.09px;display:inline;\"></div><div></div><div class=\"t s0_166\" id=\"t1_166\" style=\"left:65px;bottom:1115px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">System Fund and reimbursable revenues </div><div class=\"t s1_166\" id=\"t2_166\" style=\"left:65px;bottom:1100px;letter-spacing:-0.07px;word-spacing:-0.06px;display:inline;\">System Fund and other co-brand revenues </div><div class=\"t s2_166\" id=\"t3_166\" style=\"left:65px;bottom:1084px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">The Group operates the Fund to collect and administer cash </div><div class=\"t s2_166\" id=\"t4_166\" style=\"left:65px;bottom:1069px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">assessments from hotel owners for speci</div><div class=\"t s3_166\" id=\"t5_166\" style=\"left:293px;bottom:1069px;word-spacing:-0.14px;display:inline;\">fied purposes o</div><div class=\"t s2_166\" id=\"t6_166\" style=\"left:380px;bottom:1069px;letter-spacing:-0.05px;word-spacing:-0.11px;display:inline;\">f use </div><div class=\"t s2_166\" id=\"t7_166\" style=\"left:65px;bottom:1054px;letter-spacing:-0.2px;word-spacing:-0.07px;display:inline;\">including marketing, reservations and the Group\u2019s loyalty programme, </div><div class=\"t s3_166\" id=\"t8_166\" style=\"left:65px;bottom:1039px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">IHG One Rewards. The Fund also benefits </div><div class=\"t s2_166\" id=\"t9_166\" style=\"left:299px;bottom:1039px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">from proceeds from the </div><div class=\"t s2_166\" id=\"ta_166\" style=\"left:65px;bottom:1023px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">sale of loyalty points under third-party co-branding arrangements. </div><div class=\"t s3_166\" id=\"tb_166\" style=\"left:65px;bottom:1008px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The Fund is not managed to generate a surplus or deficit </div><div class=\"t s2_166\" id=\"tc_166\" style=\"left:382px;bottom:1008px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">for IHG </div><div class=\"t s2_166\" id=\"td_166\" style=\"left:65px;bottom:993px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">over the longer term, but is managed for the bene</div><div class=\"t s3_166\" id=\"te_166\" style=\"left:343px;bottom:993px;letter-spacing:-0.05px;word-spacing:-0.12px;display:inline;\">fit o</div><div class=\"t s2_166\" id=\"tf_166\" style=\"left:364px;bottom:993px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">f the IHG </div><div class=\"t s2_166\" id=\"tg_166\" style=\"left:65px;bottom:977px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">System with the objective of driving revenues for the hotels in </div><div class=\"t s2_166\" id=\"th_166\" style=\"left:65px;bottom:962px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">the System. </div><div class=\"t s2_166\" id=\"ti_166\" style=\"left:65px;bottom:939px;letter-spacing:-0.17px;word-spacing:-0.09px;display:inline;\">The growth in the IHG One Rewards programme means that, although </div><div class=\"t s2_166\" id=\"tj_166\" style=\"left:65px;bottom:924px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">assessments are received from hotels up front when a member </div><div class=\"t s2_166\" id=\"tk_166\" style=\"left:65px;bottom:909px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">earns points, more revenue is deferred each year than is recognised </div><div class=\"t s2_166\" id=\"tl_166\" style=\"left:65px;bottom:893px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">in the Fund. This can lead to accounting losses in the Fund each year </div><div class=\"t s2_166\" id=\"tm_166\" style=\"left:65px;bottom:878px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">as the deferred revenue balance grows. </div><div class=\"t s2_166\" id=\"tn_166\" style=\"left:65px;bottom:855px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">Under both franchise and management agreements, the Group is </div><div class=\"t s2_166\" id=\"to_166\" style=\"left:65px;bottom:840px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">required to provide marketing and reservations services, as well as </div><div class=\"t s2_166\" id=\"tp_166\" style=\"left:65px;bottom:825px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">other centrally managed programmes. These services are provided </div><div class=\"t s2_166\" id=\"tq_166\" style=\"left:65px;bottom:809px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">by the Fund and are funded by assessment fees. Costs are incurred </div><div class=\"t s2_166\" id=\"tr_166\" style=\"left:65px;bottom:794px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">and allocated to the Fund in accordance with the principles agreed </div><div class=\"t s2_166\" id=\"ts_166\" style=\"left:65px;bottom:779px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">with the IHG Owners Association. The Group acts as principal in the </div><div class=\"t s2_166\" id=\"tt_166\" style=\"left:65px;bottom:764px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">provision of the services as the related expenses primarily comprise </div><div class=\"t s2_166\" id=\"tu_166\" style=\"left:65px;bottom:748px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">payroll and marketing expenses under contracts entered into by the </div><div class=\"t s2_166\" id=\"tv_166\" style=\"left:65px;bottom:733px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Group. The assessment fees from hotel owners are generally levied </div><div class=\"t s2_166\" id=\"tw_166\" style=\"left:65px;bottom:718px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">as a percentage of hotel revenues and are recognised as those hotel </div><div class=\"t s2_166\" id=\"tx_166\" style=\"left:65px;bottom:702px;letter-spacing:-0.1px;word-spacing:-0.04px;display:inline;\">revenues occur. </div><div class=\"t s2_166\" id=\"ty_166\" style=\"left:65px;bottom:680px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Certain travel agency commission revenues within the Fund are </div><div class=\"t s2_166\" id=\"tz_166\" style=\"left:65px;bottom:664px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">recognised on a net basis, where it has been determined that IHG </div><div class=\"t s2_166\" id=\"t10_166\" style=\"left:65px;bottom:649px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">is acting as agent. </div><div class=\"t s2_166\" id=\"t11_166\" style=\"left:65px;bottom:626px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">In respect of IHG One Rewards, the performance obligations are </div><div class=\"t s2_166\" id=\"t12_166\" style=\"left:65px;bottom:611px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">to arrange for the provision of future bene</div><div class=\"t s3_166\" id=\"t13_166\" style=\"left:298px;bottom:611px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">fits to members on </div><div class=\"t s2_166\" id=\"t14_166\" style=\"left:65px;bottom:596px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">consumption of previously earned reward points and Milestone </div><div class=\"t s2_166\" id=\"t15_166\" style=\"left:65px;bottom:580px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">Rewards. Points are exchanged for reward nights at an IHG hotel or </div><div class=\"t s2_166\" id=\"t16_166\" style=\"left:65px;bottom:565px;letter-spacing:-0.05px;word-spacing:-0.12px;display:inline;\">other goods or services provided by third parties. Milestone Rewards </div><div class=\"t s3_166\" id=\"t17_166\" style=\"left:65px;bottom:550px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">comprise points or other benefits such as upgrades and </div><div class=\"t s2_166\" id=\"t18_166\" style=\"left:380px;bottom:550px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">food and </div><div class=\"t s2_166\" id=\"t19_166\" style=\"left:65px;bottom:534px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">beverage vouchers. </div><div class=\"t s2_166\" id=\"t1a_166\" style=\"left:65px;bottom:511px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">Under its franchise and management agreements, IHG receives </div><div class=\"t s2_166\" id=\"t1b_166\" style=\"left:65px;bottom:496px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">assessment fees based on total qualifying hotel revenue from IHG </div><div class=\"t s2_166\" id=\"t1c_166\" style=\"left:65px;bottom:481px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">One Rewards members\u2019 hotel stays. </div><div class=\"t s2_166\" id=\"t1d_166\" style=\"left:65px;bottom:458px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The Group\u2019s performance obligation is not satis</div><div class=\"t s3_166\" id=\"t1e_166\" style=\"left:329px;bottom:458px;letter-spacing:-0.03px;word-spacing:-0.13px;display:inline;\">fied in </div><div class=\"t s2_166\" id=\"t1f_166\" style=\"left:366px;bottom:458px;letter-spacing:-0.12px;word-spacing:-0.04px;display:inline;\">full until the </div><div class=\"t s3_166\" id=\"t1g_166\" style=\"left:65px;bottom:443px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">member has consumed the relevant benefits. Accordingly, loyalty </div><div class=\"t s2_166\" id=\"t1h_166\" style=\"left:65px;bottom:427px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">assessments are allocated between points and Milestone Rewards </div><div class=\"t s2_166\" id=\"t1i_166\" style=\"left:65px;bottom:412px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">and deferred in an amount that re</div><div class=\"t s3_166\" id=\"t1j_166\" style=\"left:252px;bottom:412px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">flects the stand-alone selling price </div><div class=\"t s2_166\" id=\"t1k_166\" style=\"left:65px;bottom:397px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">of the future bene</div><div class=\"t s3_166\" id=\"t1l_166\" style=\"left:165px;bottom:397px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">fit to the member. Revenue is impacted by a </div><div class=\"t s2_166\" id=\"t1m_166\" style=\"left:65px;bottom:382px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">\u2018breakage\u2019 estimate of the bene</div><div class=\"t s3_166\" id=\"t1n_166\" style=\"left:241px;bottom:382px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">fits that will never be consumed. </div><div class=\"t s2_166\" id=\"t1o_166\" style=\"left:65px;bottom:366px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">On an annual basis, the Group engages an external actuary who </div><div class=\"t s2_166\" id=\"t1p_166\" style=\"left:65px;bottom:351px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">uses statistical formulae to assist in formulating this estimate, which </div><div class=\"t s3_166\" id=\"t1q_166\" style=\"left:65px;bottom:336px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">is adjusted to reflect actual experience up to the reporting date. </div><div class=\"t s2_166\" id=\"t1r_166\" style=\"left:65px;bottom:313px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">As materially all of the awards will be either consumed at IHG </div><div class=\"t s2_166\" id=\"t1s_166\" style=\"left:65px;bottom:298px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">managed or franchised hotels owned by third parties, or exchanged </div><div class=\"t s2_166\" id=\"t1t_166\" style=\"left:65px;bottom:282px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">for awards provided by third parties, IHG is deemed to be acting as </div><div class=\"t s2_166\" id=\"t1u_166\" style=\"left:65px;bottom:267px;letter-spacing:-0.05px;word-spacing:-0.08px;display:inline;\">agent on consumption and therefore recognises the related revenue </div><div class=\"t s2_166\" id=\"t1v_166\" style=\"left:65px;bottom:252px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">net of the cost of reimbursing the hotel or third party that is </div><div class=\"t s3_166\" id=\"t1w_166\" style=\"left:65px;bottom:236px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">providing the benefit. </div><div class=\"t s2_166\" id=\"t1x_166\" style=\"left:65px;bottom:214px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Performance obligations under the Group\u2019s co-brand credit card </div><div class=\"t s2_166\" id=\"t1y_166\" style=\"left:65px;bottom:198px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">agreements comprise: </div><div class=\"t s2_166\" id=\"t1z_166\" style=\"left:65px;bottom:175px;letter-spacing:-0.47px;display:inline;\">a) </div><div class=\"t s2_166\" id=\"t20_166\" style=\"left:82px;bottom:175px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">Arranging for the provision of future bene</div><div class=\"t s3_166\" id=\"t21_166\" style=\"left:314px;bottom:175px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">fits to members who </div><div class=\"t s2_166\" id=\"t22_166\" style=\"left:82px;bottom:160px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">have earned points or free night certi</div><div class=\"t s3_166\" id=\"t23_166\" style=\"left:289px;bottom:160px;letter-spacing:-0.03px;display:inline;\">ficates; </div><div class=\"t s2_166\" id=\"t24_166\" style=\"left:65px;bottom:141px;letter-spacing:-0.06px;word-spacing:1.09px;display:inline;\">b) Marketing services; and </div><div class=\"t s2_166\" id=\"t25_166\" style=\"left:65px;bottom:122px;letter-spacing:-0.06px;word-spacing:0.34px;display:inline;\">c) Providing the co-brand partner with the right to access the </div><div class=\"t s2_166\" id=\"t26_166\" style=\"left:82px;bottom:107px;letter-spacing:-0.05px;word-spacing:-0.08px;display:inline;\">loyalty programme. </div><div class=\"t s2_166\" id=\"t27_166\" style=\"left:461px;bottom:1115px;letter-spacing:-0.09px;word-spacing:-0.05px;display:inline;\">Revenue from a) and b) are reported within System Fund and </div><div class=\"t s2_166\" id=\"t28_166\" style=\"left:461px;bottom:1100px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">reimbursable revenues and revenue from c) is reported within fee </div><div class=\"t s2_166\" id=\"t29_166\" style=\"left:461px;bottom:1084px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">business revenue. </div><div class=\"t s2_166\" id=\"t2a_166\" style=\"left:461px;bottom:1061px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Fees from these agreements comprise </div><div class=\"t s3_166\" id=\"t2b_166\" style=\"left:679px;bottom:1061px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">fixed amounts normally </div><div class=\"t s2_166\" id=\"t2c_166\" style=\"left:461px;bottom:1046px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">payable at the beginning of the contract, and variable amounts </div><div class=\"t s2_166\" id=\"t2d_166\" style=\"left:461px;bottom:1031px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">paid on a monthly basis. Variable amounts are typically based on </div><div class=\"t s2_166\" id=\"t2e_166\" style=\"left:461px;bottom:1016px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">the number of points and free night certi</div><div class=\"t s3_166\" id=\"t2f_166\" style=\"left:688px;bottom:1016px;letter-spacing:-0.02px;word-spacing:-0.13px;display:inline;\">ficates issued to members </div><div class=\"t s2_166\" id=\"t2g_166\" style=\"left:461px;bottom:1000px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">and the marketing services performed by the Group. Total fees are </div><div class=\"t s2_166\" id=\"t2h_166\" style=\"left:461px;bottom:985px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">allocated to the performance obligations based on their estimated </div><div class=\"t s2_166\" id=\"t2i_166\" style=\"left:461px;bottom:970px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">stand-alone selling prices. Revenue allocated to marketing and </div><div class=\"t s2_166\" id=\"t2j_166\" style=\"left:461px;bottom:955px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">licensing obligations is recognised on a monthly basis as the </div><div class=\"t s3_166\" id=\"t2k_166\" style=\"left:461px;bottom:939px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">obligations are satisfied. Revenue relating to points and </div><div class=\"t s2_166\" id=\"t2l_166\" style=\"left:772px;bottom:939px;letter-spacing:-0.1px;word-spacing:-0.06px;display:inline;\">free night </div><div class=\"t s3_166\" id=\"t2m_166\" style=\"left:461px;bottom:924px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">certificates is recognised when the member has consumed the </div><div class=\"t s3_166\" id=\"t2n_166\" style=\"left:461px;bottom:909px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">points or certificates at a participating hotel or has selected a reward </div><div class=\"t s2_166\" id=\"t2o_166\" style=\"left:461px;bottom:893px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">from a third party, net of the cost of reimbursing the hotel or third </div><div class=\"t s3_166\" id=\"t2p_166\" style=\"left:461px;bottom:878px;letter-spacing:-0.05px;word-spacing:-0.11px;display:inline;\">party that is providing the benefit. </div><div class=\"t s2_166\" id=\"t2q_166\" style=\"left:461px;bottom:855px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Judgement is required in estimating the stand-alone selling prices </div><div class=\"t s2_166\" id=\"t2r_166\" style=\"left:461px;bottom:840px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">which are based upon generally accepted valuation methodologies </div><div class=\"t s2_166\" id=\"t2s_166\" style=\"left:461px;bottom:825px;letter-spacing:-0.12px;word-spacing:-0.08px;display:inline;\">regarding the value of the licence provided and the number of points </div><div class=\"t s3_166\" id=\"t2t_166\" style=\"left:461px;bottom:809px;letter-spacing:-0.12px;word-spacing:-0.11px;display:inline;\">and certificates expected to be issued. However, the value o</div><div class=\"t s2_166\" id=\"t2u_166\" style=\"left:793px;bottom:809px;letter-spacing:-0.17px;word-spacing:-0.07px;display:inline;\">f revenue </div><div class=\"t s2_166\" id=\"t2v_166\" style=\"left:461px;bottom:794px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">recognised and the deferred revenue balance at the end of the year </div><div class=\"t s2_166\" id=\"t2w_166\" style=\"left:461px;bottom:779px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">is not materially sensitive to changes in these assumptions. </div><div class=\"t s1_166\" id=\"t2x_166\" style=\"left:461px;bottom:756px;letter-spacing:-0.05px;word-spacing:-0.08px;display:inline;\">Reimbursable revenues </div><div class=\"t s2_166\" id=\"t2y_166\" style=\"left:461px;bottom:741px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">In a managed property, the Group typically acts as employer of the </div><div class=\"t s2_166\" id=\"t2z_166\" style=\"left:461px;bottom:725px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">general manager and, in some cases, other employees at the hotel </div><div class=\"t s2_166\" id=\"t30_166\" style=\"left:461px;bottom:710px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">and is entitled to reimbursement of these costs. The performance </div><div class=\"t s3_166\" id=\"t31_166\" style=\"left:461px;bottom:695px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">obligation is satisfied over time as the employees per</div><div class=\"t s2_166\" id=\"t32_166\" style=\"left:756px;bottom:695px;letter-spacing:-0.09px;word-spacing:-0.07px;display:inline;\">form their </div><div class=\"t s2_166\" id=\"t33_166\" style=\"left:461px;bottom:680px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">duties, consistent with when reimbursement is received. </div><div class=\"t s2_166\" id=\"t34_166\" style=\"left:461px;bottom:664px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Reimbursements for these services are shown as revenue with an </div><div class=\"t s3_166\" id=\"t35_166\" style=\"left:461px;bottom:649px;letter-spacing:-0.17px;word-spacing:-0.1px;display:inline;\">equal matching employee cost, with no profit impact. Certain other </div><div class=\"t s2_166\" id=\"t36_166\" style=\"left:461px;bottom:634px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">costs relating to both managed and franchised hotels are also </div><div class=\"t s2_166\" id=\"t37_166\" style=\"left:461px;bottom:618px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">contractually reimbursable to IHG and, where IHG is deemed to </div><div class=\"t s2_166\" id=\"t38_166\" style=\"left:461px;bottom:603px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">be acting as principal in the provision of the related services, the </div>revenue and cost are shown on a gross basis.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f25671": {
   "value": "Segmental information <div class=\"t s2_166\" id=\"t3b_166\" style=\"left:461px;bottom:550px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">The Group has four reportable segments re</div><div class=\"t s3_166\" id=\"t3c_166\" style=\"left:703px;bottom:550px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">flecting its geographical </div><div class=\"t s2_166\" id=\"t3d_166\" style=\"left:461px;bottom:534px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">regions (Americas, EMEAA, Greater China) and its Central functions. </div><div class=\"t s2_166\" id=\"t3e_166\" style=\"left:461px;bottom:511px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Central functions include technology, sales and marketing, </div><div class=\"t s3_166\" id=\"t3f_166\" style=\"left:461px;bottom:496px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">finance, human resources, corporate services and insurance results. </div><div class=\"t s2_166\" id=\"t3g_166\" style=\"left:461px;bottom:481px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Central revenue arises principally from technology fee income. </div><div class=\"t s2_166\" id=\"t3h_166\" style=\"left:461px;bottom:458px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">No operating segments are aggregated to form these </div><div class=\"t s2_166\" id=\"t3i_166\" style=\"left:461px;bottom:443px;letter-spacing:0.01px;word-spacing:-0.15px;display:inline;\">reportable segments. </div><div class=\"t s2_166\" id=\"t3j_166\" style=\"left:461px;bottom:420px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Management monitors the operating results of these reportable </div><div class=\"t s2_166\" id=\"t3k_166\" style=\"left:461px;bottom:405px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">segments for the purpose of making decisions about resource </div><div class=\"t s2_166\" id=\"t3l_166\" style=\"left:461px;bottom:389px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">allocation and performance assessment. Each of the geographical </div><div class=\"t s2_166\" id=\"t3m_166\" style=\"left:461px;bottom:374px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">regions is led by its own Chief Executive O\ufb00icer or Managing </div><div class=\"t s2_166\" id=\"t3n_166\" style=\"left:461px;bottom:359px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Director who reports to the Group Chief Executive O\ufb00icer. </div><div class=\"t s3_166\" id=\"t3o_166\" style=\"left:461px;bottom:336px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The System Fund is not managed to generate a profit or loss </div><div class=\"t s2_166\" id=\"t3p_166\" style=\"left:799px;bottom:336px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">for IHG </div><div class=\"t s2_166\" id=\"t3q_166\" style=\"left:461px;bottom:321px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">over the longer term and cost reimbursements do not impact in-year </div><div class=\"t s3_166\" id=\"t3r_166\" style=\"left:461px;bottom:305px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">profit or loss. System Fund and reimbursable revenues and results </div><div class=\"t s2_166\" id=\"t3s_166\" style=\"left:461px;bottom:290px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">are therefore not regularly reviewed by the Chief Operating Decision </div><div class=\"t s2_166\" id=\"t3t_166\" style=\"left:461px;bottom:275px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Maker (\u2018CODM\u2019) and do not constitute an operating segment under </div><div class=\"t s2_166\" id=\"t3u_166\" style=\"left:461px;bottom:259px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">IFRS 8 \u2018Operating Segments\u2019. </div><div class=\"t s2_166\" id=\"t3v_166\" style=\"left:461px;bottom:236px;letter-spacing:-0.22px;word-spacing:-0.1px;display:inline;\">Segmental performance is evaluated based on operating pro</div><div class=\"t s3_166\" id=\"t3w_166\" style=\"left:791px;bottom:236px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">fit or loss </div><div class=\"t s3_166\" id=\"t3x_166\" style=\"left:461px;bottom:221px;letter-spacing:-0.24px;word-spacing:-0.09px;display:inline;\">and is measured consistently with operating profit or loss in the Group </div><div class=\"t s2_166\" id=\"t3y_166\" style=\"left:461px;bottom:206px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Financial Statements, excluding System Fund, reimbursables and </div><div class=\"t s3_166\" id=\"t3z_166\" style=\"left:461px;bottom:191px;letter-spacing:-0.18px;word-spacing:-0.09px;display:inline;\">exceptional items. Group financing activities, </div><div class=\"t s2_166\" id=\"t40_166\" style=\"left:710px;bottom:191px;letter-spacing:-0.18px;word-spacing:-0.1px;display:inline;\">fair value gains or losses </div><div class=\"t s2_166\" id=\"t41_166\" style=\"left:461px;bottom:175px;letter-spacing:-0.22px;word-spacing:-0.1px;display:inline;\">on contingent purchase consideration and income taxes are managed </div>on a Group basis and are not allocated to reportable segments.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f25726": {
   "value": "Government grants <div class=\"t s1_167\" id=\"t2_167\" style=\"left:65px;bottom:1100px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The Group receives government support income relating to the </div><div class=\"t s1_167\" id=\"t3_167\" style=\"left:65px;bottom:1084px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Group\u2019s corporate o\ufb00ice presence in certain countries and, as a </div><div class=\"t s1_167\" id=\"t4_167\" style=\"left:65px;bottom:1069px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">result of Covid-19, has received support at certain of the Group\u2019s </div><div class=\"t s1_167\" id=\"t5_167\" style=\"left:65px;bottom:1054px;letter-spacing:-0.02px;word-spacing:-0.13px;display:inline;\">leased hotels. </div><div class=\"t s1_167\" id=\"t6_167\" style=\"left:65px;bottom:1031px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Where grants are intended to compensate payroll costs they are </div><div class=\"t s2_167\" id=\"t7_167\" style=\"left:65px;bottom:1016px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">recognised as an o\ufb00set within sta\ufb00 costs; those which are unrelated </div><div class=\"t s2_167\" id=\"t8_167\" style=\"left:65px;bottom:1000px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">to specific costs are presented within other operating income. </div><div class=\"t s1_167\" id=\"t9_167\" style=\"left:65px;bottom:985px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">As grants are recognised only where there is reasonable assurance </div><div class=\"t s1_167\" id=\"ta_167\" style=\"left:65px;bottom:970px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">that the grant will be received and all attached conditions will be </div><div class=\"t s1_167\" id=\"tb_167\" style=\"left:65px;bottom:955px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">complied with, the grants may be recognised in subsequent years. </div><div class=\"t s1_167\" id=\"tc_167\" style=\"left:65px;bottom:932px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Receiving support at leased hotels may result in additional variable </div>rent; these amounts are not o\ufb00set in the Group income statement.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGovernmentGrants",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f25742": {
   "value": "Financial income and expenses <div class=\"t s1_167\" id=\"tf_167\" style=\"left:65px;bottom:878px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Financial income and expenses include income and charges </div><div class=\"t s2_167\" id=\"tg_167\" style=\"left:65px;bottom:863px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">on the Group\u2019s financial assets and liabilities and related hedging </div><div class=\"t s1_167\" id=\"th_167\" style=\"left:65px;bottom:848px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">instruments, and foreign exchange gains and losses primarily related </div><div class=\"t s1_167\" id=\"ti_167\" style=\"left:65px;bottom:832px;letter-spacing:-0.1px;word-spacing:-0.05px;display:inline;\">to the Group\u2019s internal funding structure. </div><div class=\"t s1_167\" id=\"tj_167\" style=\"left:65px;bottom:809px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Finance charges relating to bank and other borrowings, including </div><div class=\"t s1_167\" id=\"tk_167\" style=\"left:65px;bottom:794px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">transaction costs and any discount or premium on issue, are </div><div class=\"t s2_167\" id=\"tl_167\" style=\"left:65px;bottom:779px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">recognised in the Group income statement using the e\ufb00ective </div><div class=\"t s1_167\" id=\"tm_167\" style=\"left:65px;bottom:764px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">interest rate method. </div><div class=\"t s1_167\" id=\"tn_167\" style=\"left:65px;bottom:741px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Borrowing costs attributable to the acquisition or development of </div><div class=\"t s1_167\" id=\"to_167\" style=\"left:65px;bottom:725px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">assets that necessarily take a substantial period of time to prepare </div><div class=\"t s1_167\" id=\"tp_167\" style=\"left:65px;bottom:710px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">for their intended use are capitalised as part of the asset cost. </div><div class=\"t s1_167\" id=\"tq_167\" style=\"left:65px;bottom:687px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">In the Group statement of cash </div><div class=\"t s2_167\" id=\"tr_167\" style=\"left:241px;bottom:687px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">flows, interest paid and received is </div><div class=\"t s1_167\" id=\"ts_167\" style=\"left:65px;bottom:672px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">presented within cash from operating activities, including any fees </div><div class=\"t s1_167\" id=\"tt_167\" style=\"left:65px;bottom:657px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">and discounts on issuance or settlement of borrowings. Capitalised </div>interest paid is presented within investing activities.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f25762": {
   "value": "Exceptional items <div class=\"t s2_167\" id=\"tw_167\" style=\"left:65px;bottom:603px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">The Group discloses certain financial in</div><div class=\"t s1_167\" id=\"tx_167\" style=\"left:284px;bottom:603px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">formation both including </div><div class=\"t s1_167\" id=\"ty_167\" style=\"left:65px;bottom:588px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">and excluding exceptional items. The presentation of information </div><div class=\"t s1_167\" id=\"tz_167\" style=\"left:65px;bottom:573px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">excluding exceptional items allows a better understanding of the </div><div class=\"t s1_167\" id=\"t10_167\" style=\"left:65px;bottom:557px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">underlying trading performance and trends of the Group and its </div><div class=\"t s1_167\" id=\"t11_167\" style=\"left:65px;bottom:542px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">reportable segments. It also provides consistency with the Group\u2019s </div><div class=\"t s1_167\" id=\"t12_167\" style=\"left:65px;bottom:527px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">internal management reporting. </div><div class=\"t s1_167\" id=\"t13_167\" style=\"left:65px;bottom:504px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">In determining whether an event or transaction is exceptional, </div><div class=\"t s1_167\" id=\"t14_167\" style=\"left:65px;bottom:489px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">quantitative and qualitative factors are considered. Exceptional </div><div class=\"t s2_167\" id=\"t15_167\" style=\"left:65px;bottom:473px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">items are identified by virtue o</div><div class=\"t s1_167\" id=\"t16_167\" style=\"left:234px;bottom:473px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">f their size, nature or incidence, with </div><div class=\"t s1_167\" id=\"t17_167\" style=\"left:65px;bottom:458px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">consideration given to consistency of treatment with prior years and </div><div class=\"t s1_167\" id=\"t18_167\" style=\"left:65px;bottom:443px;word-spacing:-0.14px;display:inline;\">between gains and losses. </div><div class=\"t s3_167\" id=\"t19_167\" style=\"left:65px;bottom:420px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">The tax e\ufb00ect of exceptional items is also presented as exceptional. </div><div class=\"t s1_167\" id=\"t1a_167\" style=\"left:65px;bottom:397px;letter-spacing:-0.13px;word-spacing:-0.1px;display:inline;\">Examples of exceptional items include, but are not restricted to, gains </div><div class=\"t s1_167\" id=\"t1b_167\" style=\"left:65px;bottom:382px;letter-spacing:-0.29px;word-spacing:-0.1px;display:inline;\">and losses on the disposal of assets, impairment charges and reversals, </div><div class=\"t s1_167\" id=\"t1c_167\" style=\"left:65px;bottom:366px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">the costs of individually signi</div><div class=\"t s2_167\" id=\"t1d_167\" style=\"left:226px;bottom:366px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">ficant legal cases or commercial </div><div class=\"t s1_167\" id=\"t1e_167\" style=\"left:65px;bottom:351px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">disputes and reorganisation costs. All exceptional items are subject </div>to review by the Audit Committee.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForExceptionalItemsExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f25786": {
   "value": "Earnings per share <div class=\"t s1_167\" id=\"t1h_167\" style=\"left:461px;bottom:1100px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Basic earnings or loss per ordinary share is calculated by dividing </div><div class=\"t s2_167\" id=\"t1i_167\" style=\"left:461px;bottom:1084px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">the profit or loss </div><div class=\"t s1_167\" id=\"t1j_167\" style=\"left:555px;bottom:1084px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">for the year available for IHG equity holders by the </div><div class=\"t s1_167\" id=\"t1k_167\" style=\"left:461px;bottom:1069px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">weighted average number of ordinary shares, excluding investment </div><div class=\"t s1_167\" id=\"t1l_167\" style=\"left:461px;bottom:1054px;letter-spacing:-0.09px;word-spacing:-0.05px;display:inline;\">in own shares, in issue during the year. </div><div class=\"t s1_167\" id=\"t1m_167\" style=\"left:461px;bottom:1031px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Diluted earnings or loss per ordinary share is calculated by adjusting </div><div class=\"t s2_167\" id=\"t1n_167\" style=\"left:461px;bottom:1016px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">basic earnings or loss per ordinary share to reflect the notional </div><div class=\"t s1_167\" id=\"t1o_167\" style=\"left:461px;bottom:1000px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">exercise of the weighted average number of dilutive ordinary share </div><div class=\"t s3_167\" id=\"t1p_167\" style=\"left:461px;bottom:985px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">awards outstanding during the year. Where the e\ufb00ect of the notional </div><div class=\"t s1_167\" id=\"t1q_167\" style=\"left:461px;bottom:970px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">exercise of outstanding ordinary share awards is anti-dilutive, these </div>are excluded from the diluted earnings per share calculation.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f25801": {
   "value": "Business combinations and goodwill <div class=\"t s1_167\" id=\"t1t_167\" style=\"left:461px;bottom:916px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">On the acquisition of a business, identi</div><div class=\"t s2_167\" id=\"t1u_167\" style=\"left:677px;bottom:916px;letter-spacing:-0.02px;word-spacing:-0.13px;display:inline;\">fiable assets acquired </div><div class=\"t s1_167\" id=\"t1v_167\" style=\"left:461px;bottom:901px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">and liabilities assumed are measured at their fair value. Contingent </div><div class=\"t s1_167\" id=\"t1w_167\" style=\"left:461px;bottom:886px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">liabilities assumed are measured at fair value unless this cannot </div><div class=\"t s1_167\" id=\"t1x_167\" style=\"left:461px;bottom:871px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">be measured reliably, in which case they are not recognised but </div><div class=\"t s1_167\" id=\"t1y_167\" style=\"left:461px;bottom:855px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">are disclosed in the same manner as other contingent liabilities. </div><div class=\"t s1_167\" id=\"t1z_167\" style=\"left:461px;bottom:832px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">The measurement of deferred tax assets and liabilities arising on </div><div class=\"t s1_167\" id=\"t20_167\" style=\"left:461px;bottom:817px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">acquisition is as described in the general principles detailed within </div><div class=\"t s1_167\" id=\"t21_167\" style=\"left:461px;bottom:802px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">the \u2018Taxes\u2019 accounting policy note on page 170 with the exception </div><div class=\"t s3_167\" id=\"t22_167\" style=\"left:461px;bottom:786px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">that no deferred tax is provided on taxable temporary di\ufb00erences </div><div class=\"t s1_167\" id=\"t23_167\" style=\"left:461px;bottom:771px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">in connection with the initial recognition of goodwill. </div><div class=\"t s1_167\" id=\"t24_167\" style=\"left:461px;bottom:748px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">The cost of an acquisition is measured as the aggregate of the </div><div class=\"t s1_167\" id=\"t25_167\" style=\"left:461px;bottom:733px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">fair value of the consideration transferred. Contingent purchase </div><div class=\"t s1_167\" id=\"t26_167\" style=\"left:461px;bottom:718px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">consideration is measured at fair value on the date of acquisition and </div><div class=\"t s1_167\" id=\"t27_167\" style=\"left:461px;bottom:702px;letter-spacing:-0.18px;word-spacing:-0.09px;display:inline;\">is re-measured at fair value at each reporting date with changes in fair </div><div class=\"t s1_167\" id=\"t28_167\" style=\"left:461px;bottom:687px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">value recognised on the face of the Group income statement below </div><div class=\"t s2_167\" id=\"t29_167\" style=\"left:461px;bottom:672px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">operating profit. De</div><div class=\"t s1_167\" id=\"t2a_167\" style=\"left:570px;bottom:672px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">ferred purchase consideration is subsequently </div><div class=\"t s3_167\" id=\"t2b_167\" style=\"left:461px;bottom:657px;letter-spacing:-0.1px;word-spacing:-0.1px;display:inline;\">measured at amortised cost and the e\ufb00ect of unwinding the discount </div><div class=\"t s2_167\" id=\"t2c_167\" style=\"left:461px;bottom:641px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">is recorded in financial expenses. </div><div class=\"t s1_167\" id=\"t2d_167\" style=\"left:461px;bottom:618px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Payments of contingent and deferred purchase consideration </div><div class=\"t s1_167\" id=\"t2e_167\" style=\"left:461px;bottom:603px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">reduce the respective liabilities. In respect of contingent purchase </div><div class=\"t s1_167\" id=\"t2f_167\" style=\"left:461px;bottom:588px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">consideration, the portion of each payment relating to its original </div><div class=\"t s1_167\" id=\"t2g_167\" style=\"left:461px;bottom:573px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">estimate of fair value on acquisition is reported within cash </div><div class=\"t s2_167\" id=\"t2h_167\" style=\"left:791px;bottom:573px;letter-spacing:-0.06px;display:inline;\">flow </div><div class=\"t s1_167\" id=\"t2i_167\" style=\"left:461px;bottom:557px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">from investing activities in the Group statement of cash </div><div class=\"t s2_167\" id=\"t2j_167\" style=\"left:772px;bottom:557px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">flows and </div><div class=\"t s1_167\" id=\"t2k_167\" style=\"left:461px;bottom:542px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">the portion of each payment relating to the increase or decrease </div><div class=\"t s1_167\" id=\"t2l_167\" style=\"left:461px;bottom:527px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">in the liability since the acquisition date is reported within cash </div><div class=\"t s2_167\" id=\"t2m_167\" style=\"left:461px;bottom:511px;letter-spacing:-0.06px;display:inline;\">flow </div><div class=\"t s1_167\" id=\"t2n_167\" style=\"left:488px;bottom:511px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">from operating activities. In respect of deferred purchase </div><div class=\"t s1_167\" id=\"t2o_167\" style=\"left:461px;bottom:496px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">consideration, the cash paid in excess of the initial fair value is </div><div class=\"t s1_167\" id=\"t2p_167\" style=\"left:461px;bottom:481px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">reported within interest paid, and the remainder is reported within </div><div class=\"t s2_167\" id=\"t2q_167\" style=\"left:461px;bottom:466px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">cash flows </div><div class=\"t s1_167\" id=\"t2r_167\" style=\"left:523px;bottom:466px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">from investing activities. </div><div class=\"t s3_167\" id=\"t2s_167\" style=\"left:461px;bottom:443px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Goodwill is recorded at cost, being the di\ufb00erence between the fair </div><div class=\"t s1_167\" id=\"t2t_167\" style=\"left:461px;bottom:427px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">value of the consideration and the fair value of net assets acquired. </div><div class=\"t s1_167\" id=\"t2u_167\" style=\"left:461px;bottom:412px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Following initial recognition, goodwill is measured at cost less any </div><div class=\"t s1_167\" id=\"t2v_167\" style=\"left:461px;bottom:397px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">accumulated impairment losses and is not amortised. </div><div class=\"t s1_167\" id=\"t2w_167\" style=\"left:461px;bottom:374px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Transaction costs are expensed and are not included in the cost </div>of acquisition.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f25867": {
   "value": "Intangible assets <div class=\"t s1_168\" id=\"t2_168\" style=\"left:65px;bottom:1100px;letter-spacing:0.01px;display:inline;\">Brands </div><div class=\"t s2_168\" id=\"t3_168\" style=\"left:65px;bottom:1084px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Externally acquired brands are initially recorded at cost if separately </div><div class=\"t s2_168\" id=\"t4_168\" style=\"left:65px;bottom:1069px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">acquired or fair value if acquired as part of a business combination, </div><div class=\"t s2_168\" id=\"t5_168\" style=\"left:65px;bottom:1054px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">provided the brands are controlled through contractual or other </div><div class=\"t s2_168\" id=\"t6_168\" style=\"left:65px;bottom:1039px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">legal rights, or are separable from the rest of the business. </div><div class=\"t s2_168\" id=\"t7_168\" style=\"left:65px;bottom:1023px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Brands are tested for impairment at least annually if determined </div><div class=\"t s3_168\" id=\"t8_168\" style=\"left:65px;bottom:1008px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">to have indefinite lives. </div><div class=\"t s2_168\" id=\"t9_168\" style=\"left:65px;bottom:985px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The costs of developing internally generated brands are expensed </div><div class=\"t s2_168\" id=\"ta_168\" style=\"left:65px;bottom:970px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">as incurred. </div><div class=\"t s1_168\" id=\"tb_168\" style=\"left:65px;bottom:947px;letter-spacing:0.01px;word-spacing:-0.13px;display:inline;\">Management agreements </div><div class=\"t s2_168\" id=\"tc_168\" style=\"left:65px;bottom:932px;letter-spacing:-0.08px;word-spacing:-0.14px;display:inline;\">Management agreements acquired as part of a business combination </div><div class=\"t s2_168\" id=\"td_168\" style=\"left:65px;bottom:916px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">are initially recognised at the fair value attributed to those contracts </div><div class=\"t s2_168\" id=\"te_168\" style=\"left:65px;bottom:901px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">on acquisition and are subsequently amortised on a straight-line </div><div class=\"t s2_168\" id=\"tf_168\" style=\"left:65px;bottom:886px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">basis over the term of the agreements, including any extension </div><div class=\"t s2_168\" id=\"tg_168\" style=\"left:65px;bottom:871px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">periods at the Group\u2019s option. </div><div class=\"t s1_168\" id=\"th_168\" style=\"left:65px;bottom:848px;letter-spacing:0.01px;display:inline;\">Software </div><div class=\"t s2_168\" id=\"ti_168\" style=\"left:65px;bottom:832px;letter-spacing:-0.06px;word-spacing:-0.1px;display:inline;\">Substantially all software is internally generated; amounts capitalised </div><div class=\"t s2_168\" id=\"tj_168\" style=\"left:65px;bottom:817px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">include internal and third-party labour and consultancy costs. </div><div class=\"t s2_168\" id=\"tk_168\" style=\"left:65px;bottom:794px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Internally generated development costs are capitalised when all </div><div class=\"t s2_168\" id=\"tl_168\" style=\"left:65px;bottom:779px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">of the following can be demonstrated: </div><div class=\"t s1_168\" id=\"tm_168\" style=\"left:65px;bottom:756px;display:inline;\">\u2022 </div><div class=\"t s2_168\" id=\"tn_168\" style=\"left:74px;bottom:756px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The ability and intention to complete the project; </div><div class=\"t s1_168\" id=\"to_168\" style=\"left:65px;bottom:737px;display:inline;\">\u2022 </div><div class=\"t s2_168\" id=\"tp_168\" style=\"left:74px;bottom:737px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">That the completed software will generate probable future </div><div class=\"t s3_168\" id=\"tq_168\" style=\"left:74px;bottom:722px;letter-spacing:0.01px;word-spacing:-0.15px;display:inline;\">economic benefits; </div><div class=\"t s1_168\" id=\"tr_168\" style=\"left:65px;bottom:702px;display:inline;\">\u2022 </div><div class=\"t s2_168\" id=\"ts_168\" style=\"left:74px;bottom:702px;letter-spacing:-0.07px;word-spacing:-0.1px;display:inline;\">The availability of adequate technical, </div><div class=\"t s3_168\" id=\"tt_168\" style=\"left:286px;bottom:702px;letter-spacing:-0.04px;word-spacing:-0.12px;display:inline;\">financial and other resources </div><div class=\"t s2_168\" id=\"tu_168\" style=\"left:74px;bottom:687px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">to complete the project; and </div><div class=\"t s1_168\" id=\"tv_168\" style=\"left:65px;bottom:668px;display:inline;\">\u2022 </div><div class=\"t s2_168\" id=\"tw_168\" style=\"left:74px;bottom:668px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The ability to measure the expenditure. </div><div class=\"t s2_168\" id=\"tx_168\" style=\"left:65px;bottom:645px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Following initial recognition, the asset is carried at cost less any </div><div class=\"t s2_168\" id=\"ty_168\" style=\"left:65px;bottom:630px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">accumulated amortisation and impairment losses. Costs are </div><div class=\"t s2_168\" id=\"tz_168\" style=\"left:65px;bottom:615px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">generally amortised over estimated useful lives of three to </div><div class=\"t s3_168\" id=\"t10_168\" style=\"left:390px;bottom:615px;letter-spacing:-0.07px;word-spacing:-0.09px;display:inline;\">five years </div><div class=\"t s2_168\" id=\"t11_168\" style=\"left:65px;bottom:599px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">on a straight-line basis with the exception of the Guest Reservation </div><div class=\"t s2_168\" id=\"t12_168\" style=\"left:65px;bottom:584px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">System which is amortised over seven to 10 years (see page 188). </div><div class=\"t s2_168\" id=\"t13_168\" style=\"left:65px;bottom:561px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Costs incurred in the research phase are expensed. In addition, </div><div class=\"t s3_168\" id=\"t14_168\" style=\"left:65px;bottom:546px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">configuration and customisation costs relating to cloud computing </div>arrangements are expensed.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f25911": {
   "value": "Property, plant and equipment <div class=\"t s2_168\" id=\"t17_168\" style=\"left:65px;bottom:492px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Property, plant and equipment are stated at cost less depreciation </div><div class=\"t s2_168\" id=\"t18_168\" style=\"left:65px;bottom:477px;letter-spacing:-0.05px;word-spacing:-0.08px;display:inline;\">and any accumulated impairment. </div><div class=\"t s2_168\" id=\"t19_168\" style=\"left:65px;bottom:454px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Repairs and maintenance costs are expensed as incurred. </div><div class=\"t s2_168\" id=\"t1a_168\" style=\"left:65px;bottom:431px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Land is not depreciated. All other property, plant and equipment </div><div class=\"t s2_168\" id=\"t1b_168\" style=\"left:65px;bottom:416px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">are depreciated to a residual value over their estimated useful </div><div class=\"t s2_168\" id=\"t1c_168\" style=\"left:65px;bottom:401px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">lives, namely: </div><div class=\"t s1_168\" id=\"t1d_168\" style=\"left:65px;bottom:378px;display:inline;\">\u2022 </div><div class=\"t s2_168\" id=\"t1e_168\" style=\"left:74px;bottom:378px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">Buildings \u2013 over a maximum of 50 years; and </div><div class=\"t s1_168\" id=\"t1f_168\" style=\"left:65px;bottom:359px;display:inline;\">\u2022 </div><div class=\"t s3_168\" id=\"t1g_168\" style=\"left:74px;bottom:359px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Fixtures, fittings and equipment \u2013 three to 25 years. </div><div class=\"t s2_168\" id=\"t1h_168\" style=\"left:65px;bottom:336px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">All depreciation is charged on a straight-line basis. Residual value </div><div class=\"t s2_168\" id=\"t1i_168\" style=\"left:65px;bottom:321px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">is reassessed annually. </div><div class=\"t s2_168\" id=\"t1j_168\" style=\"left:65px;bottom:298px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Where the Group holds land or other property which it intends </div><div class=\"t s2_168\" id=\"t1k_168\" style=\"left:65px;bottom:282px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">to occupy and provide hotel services, either as owner or manager, </div>it is classified as property, plant and equipment.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f25930": {
   "value": "Leases <div class=\"t s1_168\" id=\"t1n_168\" style=\"left:461px;bottom:1100px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">The Group as lessee </div><div class=\"t s2_168\" id=\"t1o_168\" style=\"left:461px;bottom:1084px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">On inception of a contract, the Group assesses whether it contains </div><div class=\"t s2_168\" id=\"t1p_168\" style=\"left:461px;bottom:1069px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">a lease. A contract contains a lease when it conveys the right to </div><div class=\"t s2_168\" id=\"t1q_168\" style=\"left:461px;bottom:1054px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">control the use of an identi</div><div class=\"t s3_168\" id=\"t1r_168\" style=\"left:610px;bottom:1054px;letter-spacing:0.01px;word-spacing:-0.16px;display:inline;\">fied asset </div><div class=\"t s2_168\" id=\"t1s_168\" style=\"left:667px;bottom:1054px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">for a period of time in exchange </div><div class=\"t s2_168\" id=\"t1t_168\" style=\"left:461px;bottom:1039px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">for consideration. The right to use the asset and the obligation under </div><div class=\"t s2_168\" id=\"t1u_168\" style=\"left:461px;bottom:1023px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">the lease to make payments are recognised in the Group statement </div><div class=\"t s2_168\" id=\"t1v_168\" style=\"left:461px;bottom:1008px;letter-spacing:-0.11px;display:inline;\">of </div><div class=\"t s3_168\" id=\"t1w_168\" style=\"left:475px;bottom:1008px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">financial position as a right-o</div><div class=\"t s2_168\" id=\"t1x_168\" style=\"left:635px;bottom:1008px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">f-use asset and a lease liability. </div><div class=\"t s2_168\" id=\"t1y_168\" style=\"left:461px;bottom:985px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">Lease contracts may contain both lease and non-lease components. </div><div class=\"t s2_168\" id=\"t1z_168\" style=\"left:461px;bottom:970px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">The Group allocates payments in the contract to the lease and </div><div class=\"t s2_168\" id=\"t20_168\" style=\"left:461px;bottom:955px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">non-lease components based on their relative stand-alone prices </div><div class=\"t s2_168\" id=\"t21_168\" style=\"left:461px;bottom:939px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">and applies the lease accounting model only to lease components. </div><div class=\"t s2_168\" id=\"t22_168\" style=\"left:461px;bottom:916px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">The right-of-use asset recognised at lease commencement includes </div><div class=\"t s2_168\" id=\"t23_168\" style=\"left:461px;bottom:901px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">the amount of lease liability recognised, initial direct costs incurred </div><div class=\"t s2_168\" id=\"t24_168\" style=\"left:461px;bottom:886px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">and lease payments made at or before the commencement date, </div><div class=\"t s2_168\" id=\"t25_168\" style=\"left:461px;bottom:871px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">less any lease incentives received. Right-of-use assets are </div><div class=\"t s2_168\" id=\"t26_168\" style=\"left:461px;bottom:855px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">depreciated to a residual value over the shorter of the asset\u2019s </div><div class=\"t s2_168\" id=\"t27_168\" style=\"left:461px;bottom:840px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">estimated useful life and the lease term. Right-of-use assets are also </div><div class=\"t s2_168\" id=\"t28_168\" style=\"left:461px;bottom:825px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">adjusted for any re-measurement of lease liabilities and are subject </div><div class=\"t s2_168\" id=\"t29_168\" style=\"left:461px;bottom:809px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">to impairment testing. Residual value is reassessed annually. </div><div class=\"t s2_168\" id=\"t2a_168\" style=\"left:461px;bottom:787px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">A lease liability is recorded when the leased asset is available for </div><div class=\"t s2_168\" id=\"t2b_168\" style=\"left:461px;bottom:771px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">use by the Group and is initially measured at the present value of </div><div class=\"t s2_168\" id=\"t2c_168\" style=\"left:461px;bottom:756px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">the lease payments to be made over the lease term. The lease </div><div class=\"t s3_168\" id=\"t2d_168\" style=\"left:461px;bottom:741px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">payments include fixed payments (including \u2018in-substance fixed\u2019 </div><div class=\"t s2_168\" id=\"t2e_168\" style=\"left:461px;bottom:725px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">payments) and variable lease payments that depend on an index or </div><div class=\"t s2_168\" id=\"t2f_168\" style=\"left:461px;bottom:710px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">a rate (initially measured using the index or rate at commencement), </div><div class=\"t s3_168\" id=\"t2g_168\" style=\"left:461px;bottom:695px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">less any lease incentives receivable. \u2018In-substance fixed\u2019 payments </div><div class=\"t s2_168\" id=\"t2h_168\" style=\"left:461px;bottom:680px;letter-spacing:-0.1px;word-spacing:-0.05px;display:inline;\">are payments that may, in form, contain variability but that, in </div><div class=\"t s2_168\" id=\"t2i_168\" style=\"left:461px;bottom:664px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">substance, are unavoidable. In calculating the present value of lease </div><div class=\"t s2_168\" id=\"t2j_168\" style=\"left:461px;bottom:649px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">payments, the Group uses its incremental borrowing rate at the </div><div class=\"t s2_168\" id=\"t2k_168\" style=\"left:461px;bottom:634px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">lease commencement date if the interest rate implicit in the lease </div><div class=\"t s2_168\" id=\"t2l_168\" style=\"left:461px;bottom:618px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">is not readily determinable. </div><div class=\"t s2_168\" id=\"t2m_168\" style=\"left:461px;bottom:596px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">The lease term includes periods subject to extension options which </div><div class=\"t s2_168\" id=\"t2n_168\" style=\"left:461px;bottom:580px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">the Group is reasonably certain to exercise and excludes the e\ufb00ect </div><div class=\"t s2_168\" id=\"t2o_168\" style=\"left:461px;bottom:565px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">of early termination options where the Group is reasonably certain </div><div class=\"t s2_168\" id=\"t2p_168\" style=\"left:461px;bottom:550px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">that it will not exercise the option. Minimum lease payments include </div><div class=\"t s2_168\" id=\"t2q_168\" style=\"left:461px;bottom:534px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">the cost of a purchase option if the Group is reasonably certain it will </div><div class=\"t s2_168\" id=\"t2r_168\" style=\"left:461px;bottom:519px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">purchase the underlying asset after the lease term. </div><div class=\"t s2_168\" id=\"t2s_168\" style=\"left:461px;bottom:496px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">After the commencement date, the amount of lease liabilities is </div><div class=\"t s3_168\" id=\"t2t_168\" style=\"left:461px;bottom:481px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">increased to reflect the accretion o</div><div class=\"t s2_168\" id=\"t2u_168\" style=\"left:656px;bottom:481px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">f interest and reduced for lease </div><div class=\"t s2_168\" id=\"t2v_168\" style=\"left:461px;bottom:466px;letter-spacing:-0.22px;word-spacing:-0.12px;display:inline;\">payments made. The carrying amount of lease liabilities is re-measured </div><div class=\"t s2_168\" id=\"t2w_168\" style=\"left:461px;bottom:450px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">if there is a modi</div><div class=\"t s3_168\" id=\"t2x_168\" style=\"left:553px;bottom:450px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">fication, a change in the lease term or a change in </div><div class=\"t s2_168\" id=\"t2y_168\" style=\"left:461px;bottom:435px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">lease payments as a result of a rent review or change in the relevant </div><div class=\"t s2_168\" id=\"t2z_168\" style=\"left:461px;bottom:420px;letter-spacing:-0.09px;word-spacing:-0.05px;display:inline;\">index or rate. </div><div class=\"t s2_168\" id=\"t30_168\" style=\"left:461px;bottom:397px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">Variable lease payments are payable under certain of the Group\u2019s </div><div class=\"t s2_168\" id=\"t31_168\" style=\"left:461px;bottom:382px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">hotel leases and arise where the Group is committed to making </div><div class=\"t s2_168\" id=\"t32_168\" style=\"left:461px;bottom:366px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">lease payments that are contingent on the performance of these </div><div class=\"t s2_168\" id=\"t33_168\" style=\"left:461px;bottom:351px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">hotels. Such lease payments that do not depend on an index or </div><div class=\"t s2_168\" id=\"t34_168\" style=\"left:461px;bottom:336px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">a rate are recognised as an expense in the period over which the </div><div class=\"t s2_168\" id=\"t35_168\" style=\"left:461px;bottom:321px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">event or condition that triggers the payment occurs. </div><div class=\"t s0_168\" id=\"t36_168\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t s1_168\" id=\"t37_168\" style=\"left:65px;bottom:31px;letter-spacing:0.08px;display:inline;\"></div><div></div><div class=\"t s0_169\" id=\"t1_169\" style=\"left:65px;bottom:1115px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The Group has opted not to apply the lease accounting model to </div><div class=\"t s0_169\" id=\"t2_169\" style=\"left:65px;bottom:1100px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">intangible assets, leases of low-value assets or leases which have </div><div class=\"t s0_169\" id=\"t3_169\" style=\"left:65px;bottom:1084px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">a term of less than 12 months. Costs associated with these leases </div><div class=\"t s0_169\" id=\"t4_169\" style=\"left:65px;bottom:1069px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">are recognised as an expense on a straight-line basis over the </div><div class=\"t s0_169\" id=\"t5_169\" style=\"left:65px;bottom:1054px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">lease term. </div><div class=\"t s0_169\" id=\"t6_169\" style=\"left:65px;bottom:1031px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Payments and receipts are presented as follows in the Group </div><div class=\"t s0_169\" id=\"t7_169\" style=\"left:65px;bottom:1016px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">statement of cash </div><div class=\"t s1_169\" id=\"t8_169\" style=\"left:168px;bottom:1016px;letter-spacing:-0.06px;display:inline;\">flows: </div><div class=\"t s2_169\" id=\"t9_169\" style=\"left:65px;bottom:993px;display:inline;\">\u2022 </div><div class=\"t s0_169\" id=\"ta_169\" style=\"left:74px;bottom:993px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Short-term lease payments, payments for leases of low-value </div><div class=\"t s0_169\" id=\"tb_169\" style=\"left:74px;bottom:977px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">assets and variable lease payments that are not included in the </div><div class=\"t s0_169\" id=\"tc_169\" style=\"left:74px;bottom:962px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">measurement of the lease liabilities are presented within cash </div><div class=\"t s1_169\" id=\"td_169\" style=\"left:74px;bottom:947px;letter-spacing:-0.06px;display:inline;\">flows </div><div class=\"t s0_169\" id=\"te_169\" style=\"left:106px;bottom:947px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">from operating activities; </div><div class=\"t s2_169\" id=\"tf_169\" style=\"left:65px;bottom:928px;display:inline;\">\u2022 </div><div class=\"t s0_169\" id=\"tg_169\" style=\"left:74px;bottom:928px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Payments for the interest element of recognised lease liabilities are </div><div class=\"t s1_169\" id=\"th_169\" style=\"left:74px;bottom:913px;letter-spacing:-0.12px;word-spacing:-0.09px;display:inline;\">included in interest paid within cash flows </div><div class=\"t s0_169\" id=\"ti_169\" style=\"left:307px;bottom:913px;letter-spacing:-0.13px;word-spacing:-0.08px;display:inline;\">from operating activities; </div><div class=\"t s0_169\" id=\"tj_169\" style=\"left:74px;bottom:897px;letter-spacing:-0.06px;display:inline;\">and </div><div class=\"t s2_169\" id=\"tk_169\" style=\"left:65px;bottom:878px;display:inline;\">\u2022 </div><div class=\"t s0_169\" id=\"tl_169\" style=\"left:74px;bottom:878px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Payments for the principal element of recognised lease liabilities </div><div class=\"t s1_169\" id=\"tm_169\" style=\"left:74px;bottom:863px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">are presented within cash flows </div><div class=\"t s0_169\" id=\"tn_169\" style=\"left:252px;bottom:863px;letter-spacing:-0.1px;display:inline;\">from </div><div class=\"t s1_169\" id=\"to_169\" style=\"left:282px;bottom:863px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">financing activities. </div><div class=\"t s2_169\" id=\"tp_169\" style=\"left:65px;bottom:840px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">The Group as lessor </div><div class=\"t s0_169\" id=\"tq_169\" style=\"left:65px;bottom:825px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Leases, including subleases, for which the Group is a lessor are </div><div class=\"t s1_169\" id=\"tr_169\" style=\"left:65px;bottom:809px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">classified as finance or operating leases. Whenever the terms o</div><div class=\"t s0_169\" id=\"ts_169\" style=\"left:416px;bottom:809px;letter-spacing:-0.11px;word-spacing:-0.06px;display:inline;\">f the </div><div class=\"t s0_169\" id=\"tt_169\" style=\"left:65px;bottom:794px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">lease transfer substantially all the risks and rewards of ownership to </div><div class=\"t s1_169\" id=\"tu_169\" style=\"left:65px;bottom:779px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">the lessee, the lease is classified as a finance lease. All other leases </div><div class=\"t s1_169\" id=\"tv_169\" style=\"left:65px;bottom:764px;letter-spacing:-0.02px;word-spacing:-0.13px;display:inline;\">are classified as operating leases. Where a leased property earns </div><div class=\"t s0_169\" id=\"tw_169\" style=\"left:65px;bottom:748px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">rentals under an operating sublease outside of the normal course </div><div class=\"t s0_169\" id=\"tx_169\" style=\"left:65px;bottom:733px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">of business, the Group\u2019s interest in the lease is classi</div><div class=\"t s1_169\" id=\"ty_169\" style=\"left:356px;bottom:733px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">fied as an </div><div class=\"t s0_169\" id=\"tz_169\" style=\"left:65px;bottom:718px;letter-spacing:-0.17px;word-spacing:-0.15px;display:inline;\">investment property within right-of-use assets; these are subsequently </div><div class=\"t s0_169\" id=\"t10_169\" style=\"left:65px;bottom:702px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">measured under the cost model. </div><div class=\"t s1_169\" id=\"t11_169\" style=\"left:65px;bottom:680px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">When the lease is classified as an operating lease, rental income </div><div class=\"t s0_169\" id=\"t12_169\" style=\"left:65px;bottom:664px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">arising is accounted for on a straight-line basis in the Group </div><div class=\"t s0_169\" id=\"t13_169\" style=\"left:65px;bottom:649px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">income statement. </div><div class=\"t s1_169\" id=\"t14_169\" style=\"left:65px;bottom:626px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">When the lease is classified as a finance lease, the Group\u2019s interest </div><div class=\"t s1_169\" id=\"t15_169\" style=\"left:65px;bottom:611px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">in the lease is derecognised and is replaced by a finance lease </div><div class=\"t s0_169\" id=\"t16_169\" style=\"left:65px;bottom:596px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">receivable. Any di\ufb00erence between those amounts is recognised </div><div class=\"t s0_169\" id=\"t17_169\" style=\"left:65px;bottom:580px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">in the Group income statement. Finance lease receivables are </div><div class=\"t s0_169\" id=\"t18_169\" style=\"left:65px;bottom:565px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">presented within other receivables and are initially measured at the </div><div class=\"t s0_169\" id=\"t19_169\" style=\"left:65px;bottom:550px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">present value of lease payments receivable under the sublease plus </div><div class=\"t s0_169\" id=\"t1a_169\" style=\"left:65px;bottom:534px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">any initial direct costs. Finance lease interest is recognised within </div><div class=\"t s1_169\" id=\"t1b_169\" style=\"left:65px;bottom:519px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">financial income in the Group income statement. </div><div class=\"t s0_169\" id=\"t1c_169\" style=\"left:65px;bottom:496px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Receipts are presented as follows in the Group statement of </div><div class=\"t s1_169\" id=\"t1d_169\" style=\"left:65px;bottom:481px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">cash flows: </div><div class=\"t s2_169\" id=\"t1e_169\" style=\"left:65px;bottom:458px;display:inline;\">\u2022 </div><div class=\"t s0_169\" id=\"t1f_169\" style=\"left:74px;bottom:458px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Receipts from operating leases and investment properties are </div><div class=\"t s1_169\" id=\"t1g_169\" style=\"left:74px;bottom:443px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">presented within cash flows </div><div class=\"t s0_169\" id=\"t1h_169\" style=\"left:232px;bottom:443px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">from operating activities; and </div><div class=\"t s2_169\" id=\"t1i_169\" style=\"left:65px;bottom:424px;display:inline;\">\u2022 </div><div class=\"t s0_169\" id=\"t1j_169\" style=\"left:74px;bottom:424px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Receipts from </div><div class=\"t s1_169\" id=\"t1k_169\" style=\"left:155px;bottom:424px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">finance leases are presented within cash flows </div>from investing activities.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f26044": {
   "value": "Where a leased property earns <div class=\"t s0_169\" id=\"tw_169\" style=\"left:65px;bottom:748px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">rentals under an operating sublease outside of the normal course </div><div class=\"t s0_169\" id=\"tx_169\" style=\"left:65px;bottom:733px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">of business, the Group\u2019s interest in the lease is classi</div><div class=\"t s1_169\" id=\"ty_169\" style=\"left:356px;bottom:733px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">fied as an </div><div class=\"t s0_169\" id=\"tz_169\" style=\"left:65px;bottom:718px;letter-spacing:-0.17px;word-spacing:-0.15px;display:inline;\">investment property within right-of-use assets; these are subsequently </div>measured under the cost model.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentPropertyExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f26075": {
   "value": "Associates and joint ventures <div class=\"t s1_169\" id=\"t1n_169\" style=\"left:461px;bottom:1100px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">An associate is an entity over which the Group has significant </div><div class=\"t s1_169\" id=\"t1o_169\" style=\"left:461px;bottom:1084px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">influence. Significant influence is the power to participate in the </div><div class=\"t s1_169\" id=\"t1p_169\" style=\"left:461px;bottom:1069px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">financial and operating policy decisions o</div><div class=\"t s0_169\" id=\"t1q_169\" style=\"left:693px;bottom:1069px;letter-spacing:-0.13px;word-spacing:-0.03px;display:inline;\">f the entity, but is not </div><div class=\"t s0_169\" id=\"t1r_169\" style=\"left:461px;bottom:1054px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">control or joint control over those policies. A joint venture exists </div><div class=\"t s0_169\" id=\"t1s_169\" style=\"left:461px;bottom:1039px;letter-spacing:-0.09px;word-spacing:-0.05px;display:inline;\">when two or more parties have joint control over, and rights to the </div><div class=\"t s0_169\" id=\"t1t_169\" style=\"left:461px;bottom:1023px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">net assets of, the venture. Joint control is the contractually agreed </div><div class=\"t s0_169\" id=\"t1u_169\" style=\"left:461px;bottom:1008px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">sharing of control which only exists when decisions about the </div><div class=\"t s0_169\" id=\"t1v_169\" style=\"left:461px;bottom:993px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">relevant activities require the unanimous consent of the parties </div><div class=\"t s0_169\" id=\"t1w_169\" style=\"left:461px;bottom:977px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">sharing control. </div><div class=\"t s0_169\" id=\"t1x_169\" style=\"left:461px;bottom:955px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">In determining the extent of power or signi</div><div class=\"t s1_169\" id=\"t1y_169\" style=\"left:699px;bottom:955px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">ficant influence, </div><div class=\"t s0_169\" id=\"t1z_169\" style=\"left:461px;bottom:939px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">consideration is given to other agreements between the Group, </div><div class=\"t s0_169\" id=\"t20_169\" style=\"left:461px;bottom:924px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">the investee entity, and the investing partners. This includes any </div><div class=\"t s0_169\" id=\"t21_169\" style=\"left:461px;bottom:909px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">related management or franchise agreements and the existence </div><div class=\"t s0_169\" id=\"t22_169\" style=\"left:461px;bottom:893px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">of any performance guarantees. </div><div class=\"t s0_169\" id=\"t23_169\" style=\"left:461px;bottom:871px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Associates and joint ventures are accounted for using the equity </div><div class=\"t s1_169\" id=\"t24_169\" style=\"left:461px;bottom:855px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">method unless the associate or joint venture is classified as held </div><div class=\"t s0_169\" id=\"t25_169\" style=\"left:820px;bottom:855px;letter-spacing:-0.12px;display:inline;\">for </div><div class=\"t s0_169\" id=\"t26_169\" style=\"left:461px;bottom:840px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">sale. Under the equity method, the Group\u2019s investment is recorded </div><div class=\"t s0_169\" id=\"t27_169\" style=\"left:461px;bottom:825px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">at cost adjusted by the Group\u2019s share of post-acquisition pro</div><div class=\"t s1_169\" id=\"t28_169\" style=\"left:797px;bottom:825px;letter-spacing:-0.04px;word-spacing:-0.13px;display:inline;\">fits and </div><div class=\"t s0_169\" id=\"t29_169\" style=\"left:461px;bottom:809px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">losses, and other movements in the investee\u2019s reserves, applying </div><div class=\"t s0_169\" id=\"t2a_169\" style=\"left:461px;bottom:794px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">consistent accounting policies. When the Group\u2019s share of losses </div><div class=\"t s0_169\" id=\"t2b_169\" style=\"left:461px;bottom:779px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">exceeds its interest in an associate or joint venture, the Group\u2019s </div><div class=\"t s0_169\" id=\"t2c_169\" style=\"left:461px;bottom:764px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">carrying amount is reduced to $nil and recognition of further losses </div><div class=\"t s0_169\" id=\"t2d_169\" style=\"left:461px;bottom:748px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">is discontinued except to the extent that the Group has incurred </div><div class=\"t s0_169\" id=\"t2e_169\" style=\"left:461px;bottom:733px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">legal or constructive obligations or made payments on behalf of </div><div class=\"t s0_169\" id=\"t2f_169\" style=\"left:461px;bottom:718px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">an associate or joint venture. </div><div class=\"t s0_169\" id=\"t2g_169\" style=\"left:461px;bottom:695px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">If there is objective evidence that an associate or joint venture is </div><div class=\"t s0_169\" id=\"t2h_169\" style=\"left:461px;bottom:680px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">impaired, an impairment charge is recognised if the carrying amount </div><div class=\"t s0_169\" id=\"t2i_169\" style=\"left:461px;bottom:664px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">of the investment exceeds its recoverable amount. </div><div class=\"t s0_169\" id=\"t2j_169\" style=\"left:461px;bottom:641px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">Upon loss of signi</div><div class=\"t s1_169\" id=\"t2k_169\" style=\"left:560px;bottom:641px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">ficant influence over an associate or joint control </div><div class=\"t s0_169\" id=\"t2l_169\" style=\"left:461px;bottom:626px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">of a joint venture, any retained investment is measured at fair value </div><div class=\"t s0_169\" id=\"t2m_169\" style=\"left:461px;bottom:611px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">with any di\ufb00erence to carrying value recognised in the Group </div>income statement.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f26116": {
   "value": "Impairment of non-<div class=\"t s4_169\" id=\"t2p_169\" style=\"left:572px;bottom:573px;letter-spacing:0.03px;word-spacing:-0.17px;display:inline;\">financial assets </div><div class=\"t s1_169\" id=\"t2q_169\" style=\"left:461px;bottom:557px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">Non-financial assets are tested </div><div class=\"t s0_169\" id=\"t2r_169\" style=\"left:635px;bottom:557px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">for impairment when events or </div><div class=\"t s0_169\" id=\"t2s_169\" style=\"left:461px;bottom:542px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">changes in circumstances indicate that the carrying value may </div><div class=\"t s0_169\" id=\"t2t_169\" style=\"left:461px;bottom:527px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">not be recoverable and, in the case of goodwill and brands with </div><div class=\"t s1_169\" id=\"t2u_169\" style=\"left:461px;bottom:512px;letter-spacing:-0.09px;word-spacing:-0.07px;display:inline;\">indefinite lives, at least annually. </div><div class=\"t s1_169\" id=\"t2v_169\" style=\"left:461px;bottom:489px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Assets that do not generate independent cash inflows are allocated </div><div class=\"t s0_169\" id=\"t2w_169\" style=\"left:461px;bottom:473px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">to the cash-generating unit (\u2018CGU\u2019), or group of CGUs, to which they </div><div class=\"t s0_169\" id=\"t2x_169\" style=\"left:461px;bottom:458px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">belong. For impairment testing of hotel properties, each hotel is </div><div class=\"t s0_169\" id=\"t2y_169\" style=\"left:461px;bottom:443px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">deemed to be a CGU. </div><div class=\"t s0_169\" id=\"t2z_169\" style=\"left:461px;bottom:420px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">If carrying values exceed their estimated recoverable amount, </div><div class=\"t s0_169\" id=\"t30_169\" style=\"left:461px;bottom:405px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">the assets or CGUs are written down to the recoverable amount. </div><div class=\"t s0_169\" id=\"t31_169\" style=\"left:461px;bottom:389px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Recoverable amount is the greater of fair value less costs of disposal </div><div class=\"t s0_169\" id=\"t32_169\" style=\"left:461px;bottom:374px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">and value in use. Value in use is assessed based on estimated future </div><div class=\"t s1_169\" id=\"t33_169\" style=\"left:461px;bottom:359px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">cash flows, including the e\ufb00ect o</div><div class=\"t s0_169\" id=\"t34_169\" style=\"left:645px;bottom:359px;letter-spacing:-0.14px;word-spacing:-0.03px;display:inline;\">f in</div><div class=\"t s1_169\" id=\"t35_169\" style=\"left:662px;bottom:359px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">flation, discounted to their </div><div class=\"t s1_169\" id=\"t36_169\" style=\"left:461px;bottom:343px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">present value using a pre-tax nominal discount rate that reflects </div><div class=\"t s0_169\" id=\"t37_169\" style=\"left:461px;bottom:328px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">current market assessments of the time value of money and the </div><div class=\"t s1_169\" id=\"t38_169\" style=\"left:461px;bottom:313px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">risks specific to the asset. </div><div class=\"t s2_169\" id=\"t39_169\" style=\"left:65px;bottom:31px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\"> </div><div class=\"t m0_169 s5_169\" id=\"t3a_169\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t s2_169\" id=\"t3b_169\" style=\"left:826px;bottom:31px;display:inline;\"></div><div></div><div class=\"t s0_170\" id=\"t1_170\" style=\"left:65px;bottom:1115px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">With the exception of goodwill, an assessment is made at each </div><div class=\"t s0_170\" id=\"t2_170\" style=\"left:65px;bottom:1100px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">reporting date to determine whether there is an indication that </div><div class=\"t s0_170\" id=\"t3_170\" style=\"left:65px;bottom:1084px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">previously recognised impairment losses no longer exist or have </div><div class=\"t s0_170\" id=\"t4_170\" style=\"left:65px;bottom:1069px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">decreased. A previously recognised impairment loss is reversed </div><div class=\"t s0_170\" id=\"t5_170\" style=\"left:65px;bottom:1054px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">only if there has been a signi</div><div class=\"t s1_170\" id=\"t6_170\" style=\"left:223px;bottom:1054px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">ficant change in the assumptions used </div><div class=\"t s0_170\" id=\"t7_170\" style=\"left:65px;bottom:1039px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">to determine the asset\u2019s recoverable amount since the impairment </div><div class=\"t s0_170\" id=\"t8_170\" style=\"left:65px;bottom:1023px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">loss was recognised. The reversal is limited so that the carrying </div><div class=\"t s0_170\" id=\"t9_170\" style=\"left:65px;bottom:1008px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">amount of the asset does not exceed its recoverable amount, nor </div><div class=\"t s0_170\" id=\"ta_170\" style=\"left:65px;bottom:993px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">exceed the carrying amount that would have been determined, </div><div class=\"t s0_170\" id=\"tb_170\" style=\"left:65px;bottom:977px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">net of depreciation or amortisation, had no impairment loss been </div><div class=\"t s0_170\" id=\"tc_170\" style=\"left:65px;bottom:962px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">recognised for the asset in prior years. </div><div class=\"t s0_170\" id=\"td_170\" style=\"left:65px;bottom:939px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Impairment losses, and any subsequent reversals, are recognised </div>in the Group income statement.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f26178": {
   "value": "Financial assets <div class=\"t s1_170\" id=\"tg_170\" style=\"left:65px;bottom:886px;letter-spacing:-0.05px;word-spacing:-0.11px;display:inline;\">On initial recognition, the Group classifies its financial assets as </div><div class=\"t s0_170\" id=\"th_170\" style=\"left:65px;bottom:871px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">being subsequently measured at amortised cost, fair value through </div><div class=\"t s0_170\" id=\"ti_170\" style=\"left:65px;bottom:855px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">other comprehensive income (\u2018FVOCI\u2019) or fair value through pro</div><div class=\"t s1_170\" id=\"tj_170\" style=\"left:421px;bottom:855px;letter-spacing:-0.02px;display:inline;\">fit </div><div class=\"t s0_170\" id=\"tk_170\" style=\"left:65px;bottom:840px;letter-spacing:-0.08px;word-spacing:-0.08px;display:inline;\">or loss (\u2018FVTPL\u2019). </div><div class=\"t s1_170\" id=\"tl_170\" style=\"left:65px;bottom:817px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Financial assets which are held to collect contractual cash flows </div><div class=\"t s1_170\" id=\"tm_170\" style=\"left:65px;bottom:802px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">and give rise to cash flows that are solely payments o</div><div class=\"t s0_170\" id=\"tn_170\" style=\"left:360px;bottom:802px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">f principal and </div><div class=\"t s0_170\" id=\"to_170\" style=\"left:65px;bottom:786px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">interest are subsequently measured at amortised cost. Interest on </div><div class=\"t s0_170\" id=\"tp_170\" style=\"left:65px;bottom:771px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">these assets is calculated using the e\ufb00ective interest rate method </div><div class=\"t s1_170\" id=\"tq_170\" style=\"left:65px;bottom:756px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">and is recognised in the Group income statement as financial </div><div class=\"t s0_170\" id=\"tr_170\" style=\"left:65px;bottom:741px;letter-spacing:-0.13px;word-spacing:-0.1px;display:inline;\">income. The Group recognises a provision for expected credit losses </div><div class=\"t s0_170\" id=\"ts_170\" style=\"left:65px;bottom:725px;letter-spacing:-0.12px;display:inline;\">for </div><div class=\"t s1_170\" id=\"tt_170\" style=\"left:84px;bottom:725px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">financial assets held at amortised cost. With the exception o</div><div class=\"t s0_170\" id=\"tu_170\" style=\"left:418px;bottom:725px;display:inline;\">f </div><div class=\"t s1_170\" id=\"tv_170\" style=\"left:65px;bottom:710px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">trade receivables, where there has not been a significant increase </div><div class=\"t s0_170\" id=\"tw_170\" style=\"left:65px;bottom:695px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">in credit risk since initial recognition, provision is made for defaults </div><div class=\"t s0_170\" id=\"tx_170\" style=\"left:65px;bottom:680px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">that are possible within the next 12 months. Where there has been </div><div class=\"t s1_170\" id=\"ty_170\" style=\"left:65px;bottom:664px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">a significant increase in credit risk since initial recognition, </div><div class=\"t s0_170\" id=\"tz_170\" style=\"left:392px;bottom:664px;letter-spacing:-0.12px;display:inline;\">for </div><div class=\"t s1_170\" id=\"t10_170\" style=\"left:65px;bottom:649px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">example trade deposits and loans where the borrower is in financial </div><div class=\"t s3_170\" id=\"t11_170\" style=\"left:65px;bottom:634px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">di\ufb00iculty or has not met repayments as they fall due, provision is </div><div class=\"t s0_170\" id=\"t12_170\" style=\"left:65px;bottom:618px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">made for credit losses expected over the remaining life of the asset. </div><div class=\"t s0_170\" id=\"t13_170\" style=\"left:65px;bottom:596px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The Group has elected to irrevocably designate equity investments </div><div class=\"t s0_170\" id=\"t14_170\" style=\"left:65px;bottom:580px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">as FVOCI as they mainly comprise strategic investments in entities </div><div class=\"t s0_170\" id=\"t15_170\" style=\"left:65px;bottom:565px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">that own hotels which the Group manages. Changes in their value </div><div class=\"t s0_170\" id=\"t16_170\" style=\"left:65px;bottom:550px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">are recognised within gains or losses on equity instruments </div><div class=\"t s1_170\" id=\"t17_170\" style=\"left:65px;bottom:534px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">classified as FVOCI in the Group statement o</div><div class=\"t s0_170\" id=\"t18_170\" style=\"left:314px;bottom:534px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">f comprehensive </div><div class=\"t s0_170\" id=\"t19_170\" style=\"left:65px;bottom:519px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">income and are never recycled to the Group income statement. </div><div class=\"t s0_170\" id=\"t1a_170\" style=\"left:65px;bottom:504px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">On disposal, any related balance within the fair value reserve is </div><div class=\"t s1_170\" id=\"t1b_170\" style=\"left:65px;bottom:489px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">reclassified to retained earnings. Dividends </div><div class=\"t s0_170\" id=\"t1c_170\" style=\"left:308px;bottom:489px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">from equity investments </div><div class=\"t s1_170\" id=\"t1d_170\" style=\"left:65px;bottom:473px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">classified as FVOCI are recognised in the Group income statement </div><div class=\"t s0_170\" id=\"t1e_170\" style=\"left:65px;bottom:458px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">as other operating income when the dividend has been declared, </div><div class=\"t s0_170\" id=\"t1f_170\" style=\"left:65px;bottom:443px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">when receipt of the funds is probable and when the dividend is not </div><div class=\"t s0_170\" id=\"t1g_170\" style=\"left:65px;bottom:427px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">a return of invested capital. Equity instruments classi</div><div class=\"t s1_170\" id=\"t1h_170\" style=\"left:358px;bottom:427px;letter-spacing:0.02px;word-spacing:-0.16px;display:inline;\">fied as FVOCI </div><div class=\"t s0_170\" id=\"t1i_170\" style=\"left:65px;bottom:412px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">are not subject to an impairment assessment. </div><div class=\"t s0_170\" id=\"t1j_170\" style=\"left:65px;bottom:389px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Financial assets not meeting the above criteria are measured at </div><div class=\"t s0_170\" id=\"t1k_170\" style=\"left:65px;bottom:374px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">FVTPL. These include money market funds, investments which do </div><div class=\"t s1_170\" id=\"t1l_170\" style=\"left:65px;bottom:359px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">not meet the definition o</div><div class=\"t s0_170\" id=\"t1m_170\" style=\"left:202px;bottom:359px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">f equity and other </div><div class=\"t s1_170\" id=\"t1n_170\" style=\"left:304px;bottom:359px;letter-spacing:-0.04px;word-spacing:-0.12px;display:inline;\">financial assets, including </div><div class=\"t s1_170\" id=\"t1o_170\" style=\"left:65px;bottom:343px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">those which do not have a fixed date o</div>f repayment.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f26228": {
   "value": "Trade receivables <div class=\"t s0_170\" id=\"t1r_170\" style=\"left:461px;bottom:1100px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">A trade receivable is recorded when the Group has an unconditional </div><div class=\"t s0_170\" id=\"t1s_170\" style=\"left:461px;bottom:1084px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">right to receive payment. In respect of franchise fees, base and </div><div class=\"t s0_170\" id=\"t1t_170\" style=\"left:461px;bottom:1069px;letter-spacing:-0.05px;word-spacing:-0.08px;display:inline;\">incentive management fees, Central revenue and revenues from </div><div class=\"t s0_170\" id=\"t1u_170\" style=\"left:461px;bottom:1054px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">owned, leased and managed lease hotels, the invoice is typically </div><div class=\"t s0_170\" id=\"t1v_170\" style=\"left:461px;bottom:1039px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">issued as the related performance obligations are satis</div><div class=\"t s1_170\" id=\"t1w_170\" style=\"left:765px;bottom:1039px;letter-spacing:-0.03px;word-spacing:-0.13px;display:inline;\">fied, as </div><div class=\"t s0_170\" id=\"t1x_170\" style=\"left:461px;bottom:1023px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">described on page 163. Trade receivables typically do not bear </div><div class=\"t s0_170\" id=\"t1y_170\" style=\"left:461px;bottom:1008px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">interest and are generally on payment terms of up to 30 days. </div><div class=\"t s0_170\" id=\"t1z_170\" style=\"left:461px;bottom:985px;letter-spacing:-0.26px;word-spacing:-0.08px;display:inline;\">Trade receivables are initially recognised at fair value and subsequently </div><div class=\"t s0_170\" id=\"t20_170\" style=\"left:461px;bottom:970px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">measured at amortised cost. A provision for impairment is made for </div><div class=\"t s0_170\" id=\"t21_170\" style=\"left:461px;bottom:955px;letter-spacing:-0.17px;word-spacing:-0.1px;display:inline;\">lifetime expected credit losses. The Group has established a provision </div><div class=\"t s0_170\" id=\"t22_170\" style=\"left:461px;bottom:939px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">matrix that is based on its historical credit loss experience by region </div><div class=\"t s0_170\" id=\"t23_170\" style=\"left:461px;bottom:924px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">and number of days past due. Where the historical experience is not </div><div class=\"t s1_170\" id=\"t24_170\" style=\"left:461px;bottom:909px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">relevant to defined owner groups, </div><div class=\"t s0_170\" id=\"t25_170\" style=\"left:653px;bottom:909px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">for example those in </div><div class=\"t s1_170\" id=\"t26_170\" style=\"left:769px;bottom:909px;letter-spacing:-0.03px;display:inline;\">financial </div><div class=\"t s0_170\" id=\"t27_170\" style=\"left:461px;bottom:893px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">distress, lifetime expected credit losses are calculated by reference </div><div class=\"t s0_170\" id=\"t28_170\" style=\"left:461px;bottom:878px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">to other sources of data. </div>Trade receivables are written o\ufb00 once determined to be uncollectable.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f26251": {
   "value": "Cash and cash equivalents <div class=\"t s0_170\" id=\"t2b_170\" style=\"left:461px;bottom:817px;word-spacing:-0.13px;display:inline;\">Cash comprises cash on hand and demand deposits. </div><div class=\"t s0_170\" id=\"t2c_170\" style=\"left:461px;bottom:794px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Cash and cash equivalents comprise short-term deposits, money </div><div class=\"t s0_170\" id=\"t2d_170\" style=\"left:461px;bottom:779px;letter-spacing:-0.12px;word-spacing:-0.08px;display:inline;\">market funds and repurchase agreements that are readily convertible </div><div class=\"t s0_170\" id=\"t2e_170\" style=\"left:461px;bottom:764px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">to a known amount of cash and are subject to an insigni</div><div class=\"t s1_170\" id=\"t2f_170\" style=\"left:770px;bottom:764px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">ficant risk o</div><div class=\"t s0_170\" id=\"t2g_170\" style=\"left:834px;bottom:764px;display:inline;\">f </div><div class=\"t s0_170\" id=\"t2h_170\" style=\"left:461px;bottom:748px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">changes in value. They generally have an original maturity of three </div><div class=\"t s0_170\" id=\"t2i_170\" style=\"left:461px;bottom:733px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">months or less. </div><div class=\"t s0_170\" id=\"t2j_170\" style=\"left:461px;bottom:710px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Cash and cash equivalents may include amounts which are subject </div><div class=\"t s0_170\" id=\"t2k_170\" style=\"left:461px;bottom:695px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">to regulatory or other contractual restrictions and are not available </div><div class=\"t s0_170\" id=\"t2l_170\" style=\"left:461px;bottom:680px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">for general use by the Group. </div><div class=\"t s1_170\" id=\"t2m_170\" style=\"left:461px;bottom:657px;letter-spacing:-0.09px;word-spacing:-0.12px;display:inline;\">Cash balances are classified as other financial assets when the Group </div><div class=\"t s0_170\" id=\"t2n_170\" style=\"left:461px;bottom:641px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">is not able to freely access the funds because they are subject to a </div>specific charge or other restrictions.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f26262": {
   "value": "Cash and cash equivalents may include amounts which are subject <div class=\"t s0_170\" id=\"t2k_170\" style=\"left:461px;bottom:695px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">to regulatory or other contractual restrictions and are not available </div>for general use by the Group.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f26275": {
   "value": "Bank and other borrowings <div class=\"t s0_170\" id=\"t2t_170\" style=\"left:461px;bottom:534px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Bank and other borrowings are initially recognised at the fair value </div><div class=\"t s0_170\" id=\"t2u_170\" style=\"left:461px;bottom:519px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">of the consideration received less directly attributable transaction </div><div class=\"t s0_170\" id=\"t2v_170\" style=\"left:461px;bottom:504px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">costs. They are subsequently measured at amortised cost. </div><div class=\"t s1_170\" id=\"t2w_170\" style=\"left:461px;bottom:481px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Borrowings are classified as non-current when the repayment date </div><div class=\"t s0_170\" id=\"t2x_170\" style=\"left:461px;bottom:466px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">is more than 12 months from the period-end date or where they are </div>drawn on a facility with more than 12 months to expiry.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f26308": {
   "value": "Derivative financial instruments and hedging <div class=\"t s1_171\" id=\"t2_171\" style=\"left:65px;bottom:1100px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Derivatives are initially recognised and subsequently measured at </div><div class=\"t s1_171\" id=\"t3_171\" style=\"left:65px;bottom:1084px;letter-spacing:-0.17px;word-spacing:-0.1px;display:inline;\">fair value. The subsequent accounting treatment depends on whether </div><div class=\"t s1_171\" id=\"t4_171\" style=\"left:65px;bottom:1069px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">the derivative is designated as a hedging instrument and, if so, the </div><div class=\"t s1_171\" id=\"t5_171\" style=\"left:65px;bottom:1054px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">nature of the item being hedged. </div><div class=\"t s1_171\" id=\"t6_171\" style=\"left:65px;bottom:1031px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Changes in the fair value of derivatives which have either not been </div><div class=\"t s1_171\" id=\"t7_171\" style=\"left:65px;bottom:1016px;letter-spacing:-0.12px;word-spacing:-0.09px;display:inline;\">designated as hedging instruments or relate to the ine\ufb00ective portion </div><div class=\"t s1_171\" id=\"t8_171\" style=\"left:65px;bottom:1000px;letter-spacing:-0.22px;word-spacing:-0.1px;display:inline;\">of hedges are recognised immediately in the Group income statement. </div><div class=\"t s1_171\" id=\"t9_171\" style=\"left:65px;bottom:977px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">Documentation outlining the measurement and e\ufb00ectiveness of </div><div class=\"t s1_171\" id=\"ta_171\" style=\"left:65px;bottom:962px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">any hedging arrangement is maintained throughout the life of the </div><div class=\"t s1_171\" id=\"tb_171\" style=\"left:65px;bottom:947px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">hedge relationship. </div><div class=\"t s1_171\" id=\"tc_171\" style=\"left:65px;bottom:924px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">Interest arising from currency derivatives and interest rate swaps </div><div class=\"t s2_171\" id=\"td_171\" style=\"left:65px;bottom:909px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">is recorded in either financial income or expenses over the term </div><div class=\"t s1_171\" id=\"te_171\" style=\"left:65px;bottom:893px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">of the agreement, unless the accounting treatment for the hedging </div><div class=\"t s1_171\" id=\"tf_171\" style=\"left:65px;bottom:878px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">relationship requires the interest to be taken to reserves. </div><div class=\"t s1_171\" id=\"tg_171\" style=\"left:65px;bottom:855px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Within the Group statement of cash </div><div class=\"t s2_171\" id=\"th_171\" style=\"left:266px;bottom:855px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">flows, interest paid includes </div><div class=\"t s1_171\" id=\"ti_171\" style=\"left:65px;bottom:840px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">interest paid on the Group\u2019s bonds and the related derivative </div><div class=\"t s2_171\" id=\"tj_171\" style=\"left:65px;bottom:825px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">financial instruments. </div><div class=\"t s3_171\" id=\"tk_171\" style=\"left:65px;bottom:802px;letter-spacing:0.01px;word-spacing:-0.14px;display:inline;\">Cash flow hedges </div><div class=\"t s2_171\" id=\"tl_171\" style=\"left:65px;bottom:786px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Financial instruments are designated as cash flow hedges when </div><div class=\"t s2_171\" id=\"tm_171\" style=\"left:65px;bottom:771px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">they hedge exposure to variability in cash flows that are attributable </div><div class=\"t s1_171\" id=\"tn_171\" style=\"left:65px;bottom:756px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">to either a highly probable forecast transaction or a particular risk </div><div class=\"t s1_171\" id=\"to_171\" style=\"left:65px;bottom:741px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">associated with a recognised asset or liability. </div><div class=\"t s1_171\" id=\"tp_171\" style=\"left:65px;bottom:718px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Changes in the fair value are recorded in other comprehensive </div><div class=\"t s2_171\" id=\"tq_171\" style=\"left:65px;bottom:702px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">income and cash flow hedge reserves to the extent that the hedges </div><div class=\"t s1_171\" id=\"tr_171\" style=\"left:65px;bottom:687px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">are e\ufb00ective. When the hedged item is recognised, the cumulative </div><div class=\"t s2_171\" id=\"ts_171\" style=\"left:65px;bottom:672px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">gains and losses on the related hedging instrument are reclassified </div><div class=\"t s2_171\" id=\"tt_171\" style=\"left:65px;bottom:657px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">to the Group income statement, within financial expenses. </div><div class=\"t s4_171\" id=\"tu_171\" style=\"left:65px;bottom:634px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Net investment hedges </div><div class=\"t s1_171\" id=\"tv_171\" style=\"left:65px;bottom:618px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Financial instruments are designated as net investment hedges </div><div class=\"t s1_171\" id=\"tw_171\" style=\"left:65px;bottom:603px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">when they hedge the Group\u2019s net investment in foreign operations. </div><div class=\"t s1_171\" id=\"tx_171\" style=\"left:65px;bottom:580px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Changes in the fair value are recorded in other comprehensive </div><div class=\"t s1_171\" id=\"ty_171\" style=\"left:65px;bottom:565px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">income and the currency translation reserve to the extent that the </div><div class=\"t s1_171\" id=\"tz_171\" style=\"left:65px;bottom:550px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">hedges are e\ufb00ective. The cumulative gains and losses remain in </div><div class=\"t s1_171\" id=\"t10_171\" style=\"left:65px;bottom:534px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">equity until the relevant foreign operation is disposed, at which point </div><div class=\"t s2_171\" id=\"t11_171\" style=\"left:65px;bottom:519px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">they are reclassified to the Group income statement as part o</div><div class=\"t s1_171\" id=\"t12_171\" style=\"left:406px;bottom:519px;letter-spacing:-0.11px;word-spacing:-0.06px;display:inline;\">f the </div>gain or loss on disposal.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f26350": {
   "value": "Financial guarantee contracts <div class=\"t s1_171\" id=\"t15_171\" style=\"left:65px;bottom:466px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">In limited cases, the Group may guarantee part of mortgage </div><div class=\"t s1_171\" id=\"t16_171\" style=\"left:65px;bottom:450px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">loans made to facilitate third-party ownership of hotels under IHG </div><div class=\"t s1_171\" id=\"t17_171\" style=\"left:65px;bottom:435px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">management or franchise arrangements. The Group has elected </div><div class=\"t s1_171\" id=\"t18_171\" style=\"left:65px;bottom:420px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">to apply the requirements of IFRS 9 \u2018Financial Instruments\u2019 to these </div><div class=\"t s1_171\" id=\"t19_171\" style=\"left:65px;bottom:405px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">arrangements. Financial guarantee contracts are initially recognised </div><div class=\"t s1_171\" id=\"t1a_171\" style=\"left:65px;bottom:389px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">at fair value and subsequently measured at the higher of the amount </div><div class=\"t s1_171\" id=\"t1b_171\" style=\"left:65px;bottom:374px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">calculated under the Group\u2019s expected credit loss model and any </div><div class=\"t s1_171\" id=\"t1c_171\" style=\"left:65px;bottom:359px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">amount initially recognised less cumulative amounts recognised in </div><div class=\"t s1_171\" id=\"t1d_171\" style=\"left:65px;bottom:343px;letter-spacing:-0.2px;word-spacing:-0.07px;display:inline;\">accordance with the Group\u2019s revenue recognition policy. The carrying </div><div class=\"t s1_171\" id=\"t1e_171\" style=\"left:65px;bottom:328px;letter-spacing:-0.1px;word-spacing:-0.06px;display:inline;\">value of </div><div class=\"t s2_171\" id=\"t1f_171\" style=\"left:112px;bottom:328px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">financial guarantee liabilities is immaterial </div><div class=\"t s1_171\" id=\"t1g_171\" style=\"left:346px;bottom:328px;letter-spacing:-0.13px;word-spacing:-0.05px;display:inline;\">for all </div>periods presented.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialGuaranteesExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f26367": {
   "value": "Fair value measurement <div class=\"t s1_171\" id=\"t1j_171\" style=\"left:461px;bottom:1100px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">The Group measures each of the following at fair value </div><div class=\"t s1_171\" id=\"t1k_171\" style=\"left:461px;bottom:1084px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">on a recurring basis: </div><div class=\"t s4_171\" id=\"t1l_171\" style=\"left:461px;bottom:1061px;display:inline;\">\u2022 </div><div class=\"t s1_171\" id=\"t1m_171\" style=\"left:470px;bottom:1061px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">Financial assets and liabilities measured at FVTPL; </div><div class=\"t s4_171\" id=\"t1n_171\" style=\"left:461px;bottom:1042px;display:inline;\">\u2022 </div><div class=\"t s1_171\" id=\"t1o_171\" style=\"left:470px;bottom:1042px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">Financial assets measured at FVOCI; and </div><div class=\"t s4_171\" id=\"t1p_171\" style=\"left:461px;bottom:1023px;display:inline;\">\u2022 </div><div class=\"t s2_171\" id=\"t1q_171\" style=\"left:470px;bottom:1023px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Derivative financial instruments. </div><div class=\"t s1_171\" id=\"t1r_171\" style=\"left:461px;bottom:1000px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Other assets are measured at fair value when impaired or </div><div class=\"t s2_171\" id=\"t1s_171\" style=\"left:461px;bottom:985px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">re-measured on classification as held </div><div class=\"t s1_171\" id=\"t1t_171\" style=\"left:672px;bottom:985px;letter-spacing:-0.1px;word-spacing:-0.06px;display:inline;\">for sale by reference to fair </div><div class=\"t s1_171\" id=\"t1u_171\" style=\"left:461px;bottom:970px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">value less costs of disposal. </div><div class=\"t s1_171\" id=\"t1v_171\" style=\"left:461px;bottom:947px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">Fair value is the price that would be received to sell an asset or </div><div class=\"t s1_171\" id=\"t1w_171\" style=\"left:461px;bottom:932px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">paid to transfer a liability in an orderly transaction between market </div><div class=\"t s1_171\" id=\"t1x_171\" style=\"left:461px;bottom:916px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">participants. Fair value is measured by reference to the principal </div><div class=\"t s1_171\" id=\"t1y_171\" style=\"left:461px;bottom:901px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">market for the asset or liability assuming that market participants </div><div class=\"t s1_171\" id=\"t1z_171\" style=\"left:461px;bottom:886px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">act in their economic best interests. </div><div class=\"t s1_171\" id=\"t20_171\" style=\"left:461px;bottom:863px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">The fair value of a non-</div><div class=\"t s2_171\" id=\"t21_171\" style=\"left:587px;bottom:863px;letter-spacing:-0.02px;word-spacing:-0.13px;display:inline;\">financial asset assumes the asset is used </div><div class=\"t s1_171\" id=\"t22_171\" style=\"left:461px;bottom:848px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">in its highest and best use, either through continuing ownership </div><div class=\"t s1_171\" id=\"t23_171\" style=\"left:461px;bottom:832px;letter-spacing:-0.09px;word-spacing:-0.07px;display:inline;\">or by selling it. </div><div class=\"t s1_171\" id=\"t24_171\" style=\"left:461px;bottom:809px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The Group uses valuation techniques that maximise the use of </div><div class=\"t s1_171\" id=\"t25_171\" style=\"left:461px;bottom:794px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">relevant observable inputs using the following valuation hierarchy: </div><div class=\"t s1_171\" id=\"t26_171\" style=\"left:461px;bottom:771px;letter-spacing:-0.13px;word-spacing:-0.03px;display:inline;\">Level 1: </div><div class=\"t s1_171\" id=\"t27_171\" style=\"left:507px;bottom:771px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Quoted (unadjusted) prices in active markets for identical </div><div class=\"t s1_171\" id=\"t28_171\" style=\"left:507px;bottom:756px;letter-spacing:-0.05px;word-spacing:-0.11px;display:inline;\">assets or liabilities. </div><div class=\"t s1_171\" id=\"t29_171\" style=\"left:461px;bottom:733px;letter-spacing:-0.12px;word-spacing:-0.04px;display:inline;\">Level 2: </div><div class=\"t s1_171\" id=\"t2a_171\" style=\"left:507px;bottom:733px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Other techniques for which all inputs which have a </div><div class=\"t s2_171\" id=\"t2b_171\" style=\"left:507px;bottom:718px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">significant e\ufb00ect on the recorded </div><div class=\"t s1_171\" id=\"t2c_171\" style=\"left:696px;bottom:718px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">fair value are observable, </div><div class=\"t s1_171\" id=\"t2d_171\" style=\"left:507px;bottom:702px;letter-spacing:-0.1px;word-spacing:-0.06px;display:inline;\">either directly or indirectly. </div><div class=\"t s1_171\" id=\"t2e_171\" style=\"left:461px;bottom:680px;letter-spacing:-0.11px;word-spacing:-0.05px;display:inline;\">Level 3: </div><div class=\"t s2_171\" id=\"t2f_171\" style=\"left:507px;bottom:680px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Techniques which use inputs which have a significant e\ufb00ect </div><div class=\"t s1_171\" id=\"t2g_171\" style=\"left:507px;bottom:664px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">on the recorded fair value that are not based on observable </div><div class=\"t s1_171\" id=\"t2h_171\" style=\"left:507px;bottom:649px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">market data. </div><div class=\"t s1_171\" id=\"t2i_171\" style=\"left:461px;bottom:626px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">For assets and liabilities measured at fair value on a recurring basis, </div><div class=\"t s1_171\" id=\"t2j_171\" style=\"left:461px;bottom:611px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">the Group determines whether transfers have occurred between </div><div class=\"t s1_171\" id=\"t2k_171\" style=\"left:461px;bottom:596px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">levels in the hierarchy by reassessing categorisation (based on the </div><div class=\"t s2_171\" id=\"t2l_171\" style=\"left:461px;bottom:580px;letter-spacing:-0.08px;word-spacing:-0.08px;display:inline;\">lowest level input that is significant to the </div><div class=\"t s1_171\" id=\"t2m_171\" style=\"left:694px;bottom:580px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">fair value measurement </div><div class=\"t s1_171\" id=\"t2n_171\" style=\"left:461px;bottom:565px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">as a whole) at the end of each reporting period. </div><div class=\"t s1_171\" id=\"t2o_171\" style=\"left:461px;bottom:542px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Further disclosures on the particular valuation techniques used </div><div class=\"t s1_171\" id=\"t2p_171\" style=\"left:461px;bottom:527px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">by the Group are provided in note 25. </div><div class=\"t s2_171\" id=\"t2q_171\" style=\"left:461px;bottom:504px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Where significant assets, such as property, are valued by re</div><div class=\"t s1_171\" id=\"t2r_171\" style=\"left:790px;bottom:504px;letter-spacing:-0.04px;display:inline;\">ference </div><div class=\"t s1_171\" id=\"t2s_171\" style=\"left:461px;bottom:489px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">to fair value less costs of disposal, an external valuation will normally </div><div class=\"t s1_171\" id=\"t2t_171\" style=\"left:461px;bottom:473px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">be obtained using professional valuers who have appropriate market </div>knowledge, reputation and independence.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f26419": {
   "value": "O\ufb00setting of <div class=\"t s0_171\" id=\"t2w_171\" style=\"left:537px;bottom:435px;word-spacing:-0.15px;display:inline;\">financial assets and financial liabilities </div><div class=\"t s2_171\" id=\"t2x_171\" style=\"left:461px;bottom:420px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Financial assets and financial liabilities are o\ufb00set and the net amount </div><div class=\"t s1_171\" id=\"t2y_171\" style=\"left:461px;bottom:405px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">is reported in the Group statement of </div><div class=\"t s2_171\" id=\"t2z_171\" style=\"left:671px;bottom:405px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">financial position i</div><div class=\"t s1_171\" id=\"t30_171\" style=\"left:772px;bottom:405px;letter-spacing:-0.1px;word-spacing:-0.06px;display:inline;\">f there is </div><div class=\"t s1_171\" id=\"t31_171\" style=\"left:461px;bottom:389px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">a currently enforceable legal right to o\ufb00set the recognised amounts </div><div class=\"t s1_171\" id=\"t32_171\" style=\"left:461px;bottom:374px;letter-spacing:-0.14px;word-spacing:-0.1px;display:inline;\">and there is an intention to settle on a net basis or to realise the assets </div><div class=\"t s1_171\" id=\"t33_171\" style=\"left:461px;bottom:359px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">and settle the liabilities simultaneously. To meet these criteria, the </div><div class=\"t s1_171\" id=\"t34_171\" style=\"left:461px;bottom:343px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">right of set-o\ufb00 must not be contingent on a future event and must be </div><div class=\"t s1_171\" id=\"t35_171\" style=\"left:461px;bottom:328px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">legally enforceable in all of the following circumstances: the normal </div><div class=\"t s1_171\" id=\"t36_171\" style=\"left:461px;bottom:313px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">course of business; the event of default; and the event of insolvency </div>or bankruptcy of the Group and all of the counterparties.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f26456": {
   "value": "Taxes <div class=\"t s1_172\" id=\"t2_172\" style=\"left:65px;bottom:1100px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Current tax </div><div class=\"t s2_172\" id=\"t3_172\" style=\"left:65px;bottom:1084px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Current income tax assets and liabilities for the current and prior </div><div class=\"t s2_172\" id=\"t4_172\" style=\"left:65px;bottom:1069px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">periods are measured at the amount expected to be recovered </div><div class=\"t s2_172\" id=\"t5_172\" style=\"left:65px;bottom:1054px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">from, or paid to, the tax authorities. The tax rates and tax laws used </div><div class=\"t s2_172\" id=\"t6_172\" style=\"left:65px;bottom:1039px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">to compute the amount are those that are enacted or substantively </div><div class=\"t s2_172\" id=\"t7_172\" style=\"left:65px;bottom:1023px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">enacted at the end of the reporting period. </div><div class=\"t s2_172\" id=\"t8_172\" style=\"left:65px;bottom:1000px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">The calculation of the Group\u2019s current tax charge involves </div><div class=\"t s2_172\" id=\"t9_172\" style=\"left:65px;bottom:985px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">consideration of applicable tax laws and regulations in many </div><div class=\"t s2_172\" id=\"ta_172\" style=\"left:65px;bottom:970px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">jurisdictions throughout the world. From time to time, the Group </div><div class=\"t s2_172\" id=\"tb_172\" style=\"left:65px;bottom:955px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">is subject to tax audits and uncertainties in these jurisdictions. </div><div class=\"t s2_172\" id=\"tc_172\" style=\"left:65px;bottom:939px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The issues involved can be complex and audits may take a number </div><div class=\"t s2_172\" id=\"td_172\" style=\"left:65px;bottom:924px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">of years to conclude. Where the interpretation of local tax law is not </div><div class=\"t s2_172\" id=\"te_172\" style=\"left:65px;bottom:909px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">clear, management relies on judgement and accounting estimates </div><div class=\"t s2_172\" id=\"tf_172\" style=\"left:65px;bottom:893px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">to ensure all uncertain tax positions are adequately provided for </div><div class=\"t s2_172\" id=\"tg_172\" style=\"left:65px;bottom:878px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">in the Group Financial Statements, in accordance with IFRIC 23 </div><div class=\"t s2_172\" id=\"th_172\" style=\"left:65px;bottom:863px;letter-spacing:-0.09px;word-spacing:-0.05px;display:inline;\">\u2018Uncertainty over Income Tax Treatments\u2019, representing the Group\u2019s </div><div class=\"t s2_172\" id=\"ti_172\" style=\"left:65px;bottom:848px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">view of the most likely outcome or, where multiple issues are </div><div class=\"t s2_172\" id=\"tj_172\" style=\"left:65px;bottom:832px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">considered likely to be settled together, the probability weighted </div><div class=\"t s2_172\" id=\"tk_172\" style=\"left:65px;bottom:817px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">amounts of the range of possible outcomes. </div><div class=\"t s2_172\" id=\"tl_172\" style=\"left:65px;bottom:794px;letter-spacing:-0.14px;word-spacing:-0.07px;display:inline;\">This may involve consideration of some or all of the following factors: </div><div class=\"t s1_172\" id=\"tm_172\" style=\"left:65px;bottom:771px;display:inline;\">\u2022 </div><div class=\"t s2_172\" id=\"tn_172\" style=\"left:74px;bottom:771px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">strength of technical argument, impact of case law and clarity </div><div class=\"t s2_172\" id=\"to_172\" style=\"left:74px;bottom:756px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">of legislation; </div><div class=\"t s1_172\" id=\"tp_172\" style=\"left:65px;bottom:737px;display:inline;\">\u2022 </div><div class=\"t s2_172\" id=\"tq_172\" style=\"left:74px;bottom:737px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">professional advice; </div><div class=\"t s1_172\" id=\"tr_172\" style=\"left:65px;bottom:718px;display:inline;\">\u2022 </div><div class=\"t s2_172\" id=\"ts_172\" style=\"left:74px;bottom:718px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">experience of interactions, and precedents set, with the particular </div><div class=\"t s2_172\" id=\"tt_172\" style=\"left:74px;bottom:702px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">taxing authority; and </div><div class=\"t s1_172\" id=\"tu_172\" style=\"left:65px;bottom:683px;display:inline;\">\u2022 </div><div class=\"t s2_172\" id=\"tv_172\" style=\"left:74px;bottom:683px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">agreements previously reached in other jurisdictions on </div><div class=\"t s2_172\" id=\"tw_172\" style=\"left:74px;bottom:668px;letter-spacing:0.01px;word-spacing:-0.14px;display:inline;\">comparable issues. </div><div class=\"t s2_172\" id=\"tx_172\" style=\"left:65px;bottom:645px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The Group has applied the exception to recognising and disclosing </div><div class=\"t s2_172\" id=\"ty_172\" style=\"left:65px;bottom:630px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">information about deferred tax assets and liabilities related to </div><div class=\"t s2_172\" id=\"tz_172\" style=\"left:65px;bottom:615px;letter-spacing:-0.1px;word-spacing:-0.05px;display:inline;\">Pillar Two income taxes. </div><div class=\"t s1_172\" id=\"t10_172\" style=\"left:65px;bottom:592px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Deferred tax </div><div class=\"t s2_172\" id=\"t11_172\" style=\"left:65px;bottom:576px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Deferred tax assets and liabilities arise and are generally recognised </div><div class=\"t s2_172\" id=\"t12_172\" style=\"left:65px;bottom:561px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">in respect of temporary di\ufb00erences between the tax base and </div><div class=\"t s2_172\" id=\"t13_172\" style=\"left:65px;bottom:546px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">carrying value of assets and liabilities. </div><div class=\"t s2_172\" id=\"t14_172\" style=\"left:65px;bottom:523px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Deferred tax is calculated at the tax rates that are expected to apply </div><div class=\"t s2_172\" id=\"t15_172\" style=\"left:65px;bottom:508px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">in the periods in which the asset is released or the liability will be </div><div class=\"t s2_172\" id=\"t16_172\" style=\"left:65px;bottom:492px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">settled, based on tax rates and laws enacted or substantively </div><div class=\"t s2_172\" id=\"t17_172\" style=\"left:65px;bottom:477px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">enacted at the end of the reporting period. </div><div class=\"t s2_172\" id=\"t18_172\" style=\"left:65px;bottom:454px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Judgement is used when assessing the extent to which deferred tax </div><div class=\"t s2_172\" id=\"t19_172\" style=\"left:65px;bottom:439px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">assets, particularly in respect of tax losses, should be recognised. </div><div class=\"t s2_172\" id=\"t1a_172\" style=\"left:65px;bottom:424px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Deferred tax assets are only recognised to the extent that it is </div><div class=\"t s3_172\" id=\"t1b_172\" style=\"left:65px;bottom:408px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">regarded as probable that there will be su\ufb00icient and suitable </div><div class=\"t s3_172\" id=\"t1c_172\" style=\"left:65px;bottom:393px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">taxable profits or de</div><div class=\"t s2_172\" id=\"t1d_172\" style=\"left:177px;bottom:393px;letter-spacing:-0.08px;word-spacing:-0.08px;display:inline;\">ferred tax liabilities in the relevant legal entity </div><div class=\"t s2_172\" id=\"t1e_172\" style=\"left:65px;bottom:378px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">or tax group against which such assets can be utilised in the future. </div><div class=\"t s2_172\" id=\"t1f_172\" style=\"left:65px;bottom:363px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">For this purpose, forecasts of future pro</div><div class=\"t s3_172\" id=\"t1g_172\" style=\"left:286px;bottom:363px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">fits are considered by </div><div class=\"t s2_172\" id=\"t1h_172\" style=\"left:65px;bottom:347px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">assessing estimated future cash </div><div class=\"t s3_172\" id=\"t1i_172\" style=\"left:247px;bottom:347px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">flows, consistent with those </div><div class=\"t s2_172\" id=\"t1j_172\" style=\"left:65px;bottom:332px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">disclosed on page 161 within \u2018Going concern\u2019. Tax assumptions </div><div class=\"t s3_172\" id=\"t1k_172\" style=\"left:65px;bottom:317px;letter-spacing:-0.09px;word-spacing:-0.07px;display:inline;\">are overlaid to these profit </div><div class=\"t s2_172\" id=\"t1l_172\" style=\"left:214px;bottom:317px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">forecasts to estimate the future </div><div class=\"t s3_172\" id=\"t1m_172\" style=\"left:65px;bottom:301px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">taxable profits. </div><div class=\"t s2_172\" id=\"t1n_172\" style=\"left:65px;bottom:279px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Deferred tax is not provided on temporary di\ufb00erences arising on </div><div class=\"t s2_172\" id=\"t1o_172\" style=\"left:65px;bottom:263px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">investments in subsidiaries where the Group is able to control the </div><div class=\"t s2_172\" id=\"t1p_172\" style=\"left:65px;bottom:248px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">timing of the reversal and it is probable that the temporary </div><div class=\"t s2_172\" id=\"t1q_172\" style=\"left:65px;bottom:233px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">di\ufb00erence will not reverse in the foreseeable future. </div><div class=\"t s2_172\" id=\"t1r_172\" style=\"left:65px;bottom:210px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Where deferred tax assets and liabilities arise in the same entity, or </div><div class=\"t s2_172\" id=\"t1s_172\" style=\"left:65px;bottom:195px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">group of entities, and there would be a legal right to o\ufb00set the assets </div><div class=\"t s2_172\" id=\"t1t_172\" style=\"left:65px;bottom:179px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">and liabilities were they to reverse, the assets and liabilities are also </div><div class=\"t s2_172\" id=\"t1u_172\" style=\"left:65px;bottom:164px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">o\ufb00set in the Group statement of </div>financial position.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f26493": {
   "value": "Deferred tax <div class=\"t s2_172\" id=\"t11_172\" style=\"left:65px;bottom:576px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Deferred tax assets and liabilities arise and are generally recognised </div><div class=\"t s2_172\" id=\"t12_172\" style=\"left:65px;bottom:561px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">in respect of temporary di\ufb00erences between the tax base and </div><div class=\"t s2_172\" id=\"t13_172\" style=\"left:65px;bottom:546px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">carrying value of assets and liabilities. </div><div class=\"t s2_172\" id=\"t14_172\" style=\"left:65px;bottom:523px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Deferred tax is calculated at the tax rates that are expected to apply </div><div class=\"t s2_172\" id=\"t15_172\" style=\"left:65px;bottom:508px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">in the periods in which the asset is released or the liability will be </div><div class=\"t s2_172\" id=\"t16_172\" style=\"left:65px;bottom:492px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">settled, based on tax rates and laws enacted or substantively </div><div class=\"t s2_172\" id=\"t17_172\" style=\"left:65px;bottom:477px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">enacted at the end of the reporting period. </div><div class=\"t s2_172\" id=\"t18_172\" style=\"left:65px;bottom:454px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Judgement is used when assessing the extent to which deferred tax </div><div class=\"t s2_172\" id=\"t19_172\" style=\"left:65px;bottom:439px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">assets, particularly in respect of tax losses, should be recognised. </div><div class=\"t s2_172\" id=\"t1a_172\" style=\"left:65px;bottom:424px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Deferred tax assets are only recognised to the extent that it is </div><div class=\"t s3_172\" id=\"t1b_172\" style=\"left:65px;bottom:408px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">regarded as probable that there will be su\ufb00icient and suitable </div><div class=\"t s3_172\" id=\"t1c_172\" style=\"left:65px;bottom:393px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">taxable profits or de</div><div class=\"t s2_172\" id=\"t1d_172\" style=\"left:177px;bottom:393px;letter-spacing:-0.08px;word-spacing:-0.08px;display:inline;\">ferred tax liabilities in the relevant legal entity </div><div class=\"t s2_172\" id=\"t1e_172\" style=\"left:65px;bottom:378px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">or tax group against which such assets can be utilised in the future. </div><div class=\"t s2_172\" id=\"t1f_172\" style=\"left:65px;bottom:363px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">For this purpose, forecasts of future pro</div><div class=\"t s3_172\" id=\"t1g_172\" style=\"left:286px;bottom:363px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">fits are considered by </div><div class=\"t s2_172\" id=\"t1h_172\" style=\"left:65px;bottom:347px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">assessing estimated future cash </div><div class=\"t s3_172\" id=\"t1i_172\" style=\"left:247px;bottom:347px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">flows, consistent with those </div><div class=\"t s2_172\" id=\"t1j_172\" style=\"left:65px;bottom:332px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">disclosed on page 161 within \u2018Going concern\u2019. Tax assumptions </div><div class=\"t s3_172\" id=\"t1k_172\" style=\"left:65px;bottom:317px;letter-spacing:-0.09px;word-spacing:-0.07px;display:inline;\">are overlaid to these profit </div><div class=\"t s2_172\" id=\"t1l_172\" style=\"left:214px;bottom:317px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">forecasts to estimate the future </div><div class=\"t s3_172\" id=\"t1m_172\" style=\"left:65px;bottom:301px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">taxable profits. </div><div class=\"t s2_172\" id=\"t1n_172\" style=\"left:65px;bottom:279px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Deferred tax is not provided on temporary di\ufb00erences arising on </div><div class=\"t s2_172\" id=\"t1o_172\" style=\"left:65px;bottom:263px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">investments in subsidiaries where the Group is able to control the </div><div class=\"t s2_172\" id=\"t1p_172\" style=\"left:65px;bottom:248px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">timing of the reversal and it is probable that the temporary </div><div class=\"t s2_172\" id=\"t1q_172\" style=\"left:65px;bottom:233px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">di\ufb00erence will not reverse in the foreseeable future. </div><div class=\"t s2_172\" id=\"t1r_172\" style=\"left:65px;bottom:210px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Where deferred tax assets and liabilities arise in the same entity, or </div><div class=\"t s2_172\" id=\"t1s_172\" style=\"left:65px;bottom:195px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">group of entities, and there would be a legal right to o\ufb00set the assets </div><div class=\"t s2_172\" id=\"t1t_172\" style=\"left:65px;bottom:179px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">and liabilities were they to reverse, the assets and liabilities are also </div><div class=\"t s2_172\" id=\"t1u_172\" style=\"left:65px;bottom:164px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">o\ufb00set in the Group statement of </div>financial position.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f26529": {
   "value": "Retirement benefits <div class=\"t s4_172\" id=\"t1x_172\" style=\"left:461px;bottom:1100px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">Defined contribution plans </div><div class=\"t s3_172\" id=\"t1y_172\" style=\"left:461px;bottom:1084px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Payments to defined contribution plans are charged to the Group </div><div class=\"t s2_172\" id=\"t1z_172\" style=\"left:461px;bottom:1069px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">income statement as they fall due. </div><div class=\"t s4_172\" id=\"t20_172\" style=\"left:461px;bottom:1046px;letter-spacing:0.02px;word-spacing:-0.16px;display:inline;\">Defined benefit plans </div><div class=\"t s2_172\" id=\"t21_172\" style=\"left:461px;bottom:1031px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Plan assets are measured at fair value and plan liabilities are </div><div class=\"t s2_172\" id=\"t22_172\" style=\"left:461px;bottom:1016px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">measured on an actuarial basis using the projected unit credit </div><div class=\"t s2_172\" id=\"t23_172\" style=\"left:461px;bottom:1000px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">method, discounted at an interest rate equivalent to the current rate </div><div class=\"t s2_172\" id=\"t24_172\" style=\"left:461px;bottom:985px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">of return on a high-quality corporate bond of equivalent currency </div><div class=\"t s2_172\" id=\"t25_172\" style=\"left:461px;bottom:970px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">and term to the plan liabilities. The di\ufb00erence between the value </div><div class=\"t s2_172\" id=\"t26_172\" style=\"left:461px;bottom:955px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">of plan assets and liabilities at the period-end date is the amount </div><div class=\"t s2_172\" id=\"t27_172\" style=\"left:461px;bottom:939px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">of surplus or de</div><div class=\"t s3_172\" id=\"t28_172\" style=\"left:548px;bottom:939px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">ficit recorded in the Group statement o</div><div class=\"t s2_172\" id=\"t29_172\" style=\"left:766px;bottom:939px;display:inline;\">f </div><div class=\"t s3_172\" id=\"t2a_172\" style=\"left:773px;bottom:939px;letter-spacing:-0.03px;display:inline;\">financial </div><div class=\"t s2_172\" id=\"t2b_172\" style=\"left:461px;bottom:924px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">position as an asset or liability. An asset is recognised when the </div><div class=\"t s2_172\" id=\"t2c_172\" style=\"left:461px;bottom:909px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">employer has an unconditional right to use the surplus at some </div><div class=\"t s2_172\" id=\"t2d_172\" style=\"left:461px;bottom:893px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">point during the life of the plan or on its wind-up. </div><div class=\"t s2_172\" id=\"t2e_172\" style=\"left:461px;bottom:871px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">The service cost of providing pension bene</div><div class=\"t s3_172\" id=\"t2f_172\" style=\"left:702px;bottom:871px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">fits to employees, </div><div class=\"t s2_172\" id=\"t2g_172\" style=\"left:461px;bottom:855px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">together with the net interest expense or income for the year, </div><div class=\"t s2_172\" id=\"t2h_172\" style=\"left:461px;bottom:840px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">is charged to the Group income statement within administrative </div><div class=\"t s2_172\" id=\"t2i_172\" style=\"left:461px;bottom:825px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">expenses. Net interest is calculated by applying the discount rate </div><div class=\"t s3_172\" id=\"t2j_172\" style=\"left:461px;bottom:809px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">to the net defined benefit asset or liability, a</div><div class=\"t s2_172\" id=\"t2k_172\" style=\"left:704px;bottom:809px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">fter any asset restriction. </div><div class=\"t s2_172\" id=\"t2l_172\" style=\"left:461px;bottom:787px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Re-measurements comprise actuarial gains and losses, the return </div><div class=\"t s2_172\" id=\"t2m_172\" style=\"left:461px;bottom:771px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">on plan assets and changes in the amount of any asset restrictions. </div><div class=\"t s2_172\" id=\"t2n_172\" style=\"left:461px;bottom:756px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Actuarial gains and losses may result from di\ufb00erences between </div><div class=\"t s2_172\" id=\"t2o_172\" style=\"left:461px;bottom:741px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">the actuarial assumptions underlying the plan liabilities and actual </div><div class=\"t s2_172\" id=\"t2p_172\" style=\"left:461px;bottom:725px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">experience during the year or changes in the actuarial assumptions </div><div class=\"t s2_172\" id=\"t2q_172\" style=\"left:461px;bottom:710px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">used in the valuation of the plan liabilities. Re-measurement gains </div><div class=\"t s2_172\" id=\"t2r_172\" style=\"left:461px;bottom:695px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">and losses, and taxation thereon, are recognised in other </div><div class=\"t s3_172\" id=\"t2s_172\" style=\"left:461px;bottom:680px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">comprehensive income and are not reclassified to profit or loss </div><div class=\"t s2_172\" id=\"t2t_172\" style=\"left:461px;bottom:664px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">in subsequent periods. </div><div class=\"t s2_172\" id=\"t2u_172\" style=\"left:461px;bottom:641px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Actuarial valuations are carried out on a regular basis and are </div><div class=\"t s2_172\" id=\"t2v_172\" style=\"left:461px;bottom:626px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">updated for material transactions and other material changes in </div><div class=\"t s2_172\" id=\"t2w_172\" style=\"left:461px;bottom:611px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">circumstances (including changes in market prices and interest </div><div class=\"t s2_172\" id=\"t2x_172\" style=\"left:461px;bottom:596px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">rates) up to the end of the reporting period. </div><div class=\"t s5_172\" id=\"t2y_172\" style=\"left:461px;bottom:573px;letter-spacing:0.03px;word-spacing:-0.16px;display:inline;\">Deferred compensation plan </div><div class=\"t s2_172\" id=\"t2z_172\" style=\"left:461px;bottom:557px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">The Group operates a deferred compensation plan in the US which </div><div class=\"t s2_172\" id=\"t30_172\" style=\"left:461px;bottom:542px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">allows certain employees to make additional provision for retirement </div><div class=\"t s2_172\" id=\"t31_172\" style=\"left:461px;bottom:527px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">through the deferral of salary with matching company contributions </div><div class=\"t s2_172\" id=\"t32_172\" style=\"left:461px;bottom:512px;letter-spacing:-0.07px;word-spacing:-0.09px;display:inline;\">within a dedicated trust. The related assets and liabilities are </div><div class=\"t s2_172\" id=\"t33_172\" style=\"left:461px;bottom:496px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">recognised in the Group statement of </div><div class=\"t s3_172\" id=\"t34_172\" style=\"left:674px;bottom:496px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">financial position. The Group\u2019s </div><div class=\"t s2_172\" id=\"t35_172\" style=\"left:461px;bottom:481px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">obligation to employees under the plan is limited to the fair value of </div><div class=\"t s2_172\" id=\"t36_172\" style=\"left:461px;bottom:466px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">assets held by the plan and so the assets and liabilities are valued at </div>the same amount, with no net impact on profit or loss.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f26569": {
   "value": "Deferred compensation plan <div class=\"t s2_172\" id=\"t2z_172\" style=\"left:461px;bottom:557px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">The Group operates a deferred compensation plan in the US which </div><div class=\"t s2_172\" id=\"t30_172\" style=\"left:461px;bottom:542px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">allows certain employees to make additional provision for retirement </div><div class=\"t s2_172\" id=\"t31_172\" style=\"left:461px;bottom:527px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">through the deferral of salary with matching company contributions </div><div class=\"t s2_172\" id=\"t32_172\" style=\"left:461px;bottom:512px;letter-spacing:-0.07px;word-spacing:-0.09px;display:inline;\">within a dedicated trust. The related assets and liabilities are </div><div class=\"t s2_172\" id=\"t33_172\" style=\"left:461px;bottom:496px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">recognised in the Group statement of </div><div class=\"t s3_172\" id=\"t34_172\" style=\"left:674px;bottom:496px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">financial position. The Group\u2019s </div><div class=\"t s2_172\" id=\"t35_172\" style=\"left:461px;bottom:481px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">obligation to employees under the plan is limited to the fair value of </div><div class=\"t s2_172\" id=\"t36_172\" style=\"left:461px;bottom:466px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">assets held by the plan and so the assets and liabilities are valued at </div>the same amount, with no net impact on profit or loss.",
   "dimensions": {
    "concept": "ihg:DescriptionOfAccountingPolicyForDeferredCompensationPlanExplanatoryPolicyTextBlock",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f26583": {
   "value": "Share-based payments <div class=\"t s2_172\" id=\"t39_172\" style=\"left:461px;bottom:412px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">The cost of equity-settled share-based payment transactions with </div><div class=\"t s2_172\" id=\"t3a_172\" style=\"left:461px;bottom:397px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">employees is measured by reference to fair value at the date at </div><div class=\"t s2_172\" id=\"t3b_172\" style=\"left:461px;bottom:382px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">which the right to the shares is granted. Fair value is determined </div><div class=\"t s2_172\" id=\"t3c_172\" style=\"left:461px;bottom:366px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">by an external valuer using option pricing models. </div><div class=\"t s2_172\" id=\"t3d_172\" style=\"left:461px;bottom:343px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">The cost of equity-settled share-based payment transactions is </div><div class=\"t s2_172\" id=\"t3e_172\" style=\"left:461px;bottom:328px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">recognised, together with a corresponding increase in equity, </div><div class=\"t s2_172\" id=\"t3f_172\" style=\"left:461px;bottom:313px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">over the period in which any performance or service conditions </div><div class=\"t s2_172\" id=\"t3g_172\" style=\"left:461px;bottom:298px;letter-spacing:-0.12px;word-spacing:-0.04px;display:inline;\">are ful</div><div class=\"t s3_172\" id=\"t3h_172\" style=\"left:496px;bottom:298px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">filled, ending on the date on which the relevant employees </div><div class=\"t s2_172\" id=\"t3i_172\" style=\"left:461px;bottom:282px;letter-spacing:-0.1px;word-spacing:-0.05px;display:inline;\">become fully entitled to the award (vesting date). </div><div class=\"t s2_172\" id=\"t3j_172\" style=\"left:461px;bottom:259px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The Group income statement charge represents the movement in </div><div class=\"t s2_172\" id=\"t3k_172\" style=\"left:461px;bottom:244px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">cumulative expense recognised at the beginning and end of that </div><div class=\"t s2_172\" id=\"t3l_172\" style=\"left:461px;bottom:229px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">year. No expense is recognised for awards that do not ultimately </div><div class=\"t s2_172\" id=\"t3m_172\" style=\"left:461px;bottom:214px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">vest, except for awards where vesting is conditional upon a market </div><div class=\"t s2_172\" id=\"t3n_172\" style=\"left:461px;bottom:198px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">or non-vesting condition, which are treated as vesting irrespective </div><div class=\"t s2_172\" id=\"t3o_172\" style=\"left:461px;bottom:183px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">of whether or not the market or non-vesting condition is satis</div><div class=\"t s3_172\" id=\"t3p_172\" style=\"left:800px;bottom:183px;letter-spacing:-0.01px;display:inline;\">fied, </div><div class=\"t s2_172\" id=\"t3q_172\" style=\"left:461px;bottom:168px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">provided that all other performance and/or service conditions </div>are satisfied.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f26629": {
   "value": "Provisions <div class=\"t s1_173\" id=\"t2_173\" style=\"left:65px;bottom:1100px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Provisions are recognised when the Group has a present obligation </div><div class=\"t s1_173\" id=\"t3_173\" style=\"left:65px;bottom:1084px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">as a result of a past event, it is probable that a payment will be made </div><div class=\"t s1_173\" id=\"t4_173\" style=\"left:65px;bottom:1069px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">and a reliable estimate of the amount payable can be made. If the </div><div class=\"t s1_173\" id=\"t5_173\" style=\"left:65px;bottom:1054px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">e\ufb00ect of the time value of money is material, the provision is </div><div class=\"t s2_173\" id=\"t6_173\" style=\"left:65px;bottom:1039px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">discounted using a current pre-tax discount rate that reflects the </div><div class=\"t s2_173\" id=\"t7_173\" style=\"left:65px;bottom:1023px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">risks specific to the liability. No amounts are currently discounted. </div><div class=\"t s3_173\" id=\"t8_173\" style=\"left:65px;bottom:1000px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Commercial litigation and disputes </div><div class=\"t s1_173\" id=\"t9_173\" style=\"left:65px;bottom:985px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">A provision is made when management consider it probable that </div><div class=\"t s1_173\" id=\"ta_173\" style=\"left:65px;bottom:970px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">payment may occur and the amount can be reliably estimated even </div><div class=\"t s1_173\" id=\"tb_173\" style=\"left:65px;bottom:955px;letter-spacing:-0.07px;word-spacing:-0.1px;display:inline;\">though the defence of the related claim may still be ongoing through </div><div class=\"t s1_173\" id=\"tc_173\" style=\"left:65px;bottom:939px;word-spacing:-0.14px;display:inline;\">the court process. </div><div class=\"t s3_173\" id=\"td_173\" style=\"left:65px;bottom:916px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">Self insurance reserves </div><div class=\"t s1_173\" id=\"te_173\" style=\"left:65px;bottom:901px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">The Group holds insurance policies with third-party insurers </div><div class=\"t s1_173\" id=\"tf_173\" style=\"left:65px;bottom:886px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">against certain risks relating to its corporate operations and owned </div><div class=\"t s1_173\" id=\"tg_173\" style=\"left:65px;bottom:871px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">and leased properties. Certain risks are reinsured through the </div><div class=\"t s1_173\" id=\"th_173\" style=\"left:65px;bottom:855px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">Group\u2019s captive insurance company (the \u2018Captive\u2019), SCH Insurance </div><div class=\"t s1_173\" id=\"ti_173\" style=\"left:65px;bottom:840px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">Company. This reduces the cost of insurance to the Group. </div><div class=\"t s1_173\" id=\"tj_173\" style=\"left:65px;bottom:817px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">For both the Group\u2019s self insurance provisions and its external </div><div class=\"t s1_173\" id=\"tk_173\" style=\"left:65px;bottom:802px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">insurance obligations, in addition to the Captive obtaining regulatory </div><div class=\"t s1_173\" id=\"tl_173\" style=\"left:65px;bottom:786px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">approval, each line of insurance is subject to review and approval by </div><div class=\"t s1_173\" id=\"tm_173\" style=\"left:65px;bottom:771px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">the Insurance Executive Sub-Committee. The level of retained risk </div><div class=\"t s1_173\" id=\"tn_173\" style=\"left:65px;bottom:756px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">and expected loss is reviewed annually to balance the level of risk </div><div class=\"t s1_173\" id=\"to_173\" style=\"left:65px;bottom:741px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">against external risk transfer costs. </div><div class=\"t s1_173\" id=\"tp_173\" style=\"left:65px;bottom:718px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Insurance reserves are held principally in the Captive. They are </div><div class=\"t s2_173\" id=\"tq_173\" style=\"left:65px;bottom:702px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">established using independent actuarial assessments, which reflect </div><div class=\"t s1_173\" id=\"tr_173\" style=\"left:65px;bottom:687px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">current expectations of the future economic outlook, or are based </div><div class=\"t s1_173\" id=\"ts_173\" style=\"left:65px;bottom:672px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">on past claims experience provided by third parties. </div><div class=\"t s1_173\" id=\"tt_173\" style=\"left:65px;bottom:649px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Amounts utilised are principally paid to third-party insurers or </div><div class=\"t s1_173\" id=\"tu_173\" style=\"left:65px;bottom:634px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">dedicated claims handlers for subsequent settlement with the </div><div class=\"t s1_173\" id=\"tv_173\" style=\"left:65px;bottom:618px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">claimant. In order to protect the third-party insurer against the </div><div class=\"t s1_173\" id=\"tw_173\" style=\"left:65px;bottom:603px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">solvency risk of the Captive, the Group has outstanding letters </div>of credit (see note 30).",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f26665": {
   "value": "Insurance <div class=\"t s1_173\" id=\"tz_173\" style=\"left:65px;bottom:550px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">The Group has applied IFRS 17 for the </div><div class=\"t s2_173\" id=\"t10_173\" style=\"left:275px;bottom:550px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">first time in 2023. IFRS 17 </div><div class=\"t s1_173\" id=\"t11_173\" style=\"left:65px;bottom:534px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">introduces a new measurement and disclosure model for insurance </div><div class=\"t s1_173\" id=\"t12_173\" style=\"left:65px;bottom:519px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">contract arrangements. The Group has applied these changes </div><div class=\"t s1_173\" id=\"t13_173\" style=\"left:65px;bottom:504px;letter-spacing:-0.1px;display:inline;\">retrospectively. </div><div class=\"t s1_173\" id=\"t14_173\" style=\"left:65px;bottom:481px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The Group\u2019s insurance reserves relating to managed hotels </div><div class=\"t s1_173\" id=\"t15_173\" style=\"left:65px;bottom:466px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">(previously included within provisions) are now included in the </div><div class=\"t s1_173\" id=\"t16_173\" style=\"left:65px;bottom:450px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Group statement of </div><div class=\"t s2_173\" id=\"t17_173\" style=\"left:177px;bottom:450px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">financial position as insurance liabilities. </div><div class=\"t s1_173\" id=\"t18_173\" style=\"left:65px;bottom:435px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Insurance liabilities include both claims which are incurred but </div><div class=\"t s1_173\" id=\"t19_173\" style=\"left:65px;bottom:420px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">not reported (\u2018IBNR\u2019) and those reported but not yet settled. </div><div class=\"t s1_173\" id=\"t1a_173\" style=\"left:65px;bottom:405px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Reserves are established using IFRS 17\u2019s premium allocation </div><div class=\"t s1_173\" id=\"t1b_173\" style=\"left:65px;bottom:389px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">approach, as all policies have a duration of 12 months or less, </div><div class=\"t s2_173\" id=\"t1c_173\" style=\"left:65px;bottom:374px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">and incorporate independent actuarial assessments which reflect </div><div class=\"t s1_173\" id=\"t1d_173\" style=\"left:65px;bottom:359px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">current expectations of the future economic outlook and past </div><div class=\"t s1_173\" id=\"t1e_173\" style=\"left:65px;bottom:343px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">claims experience. </div><div class=\"t s1_173\" id=\"t1f_173\" style=\"left:65px;bottom:321px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">The Group assesses other arrangements with guarantees and </div><div class=\"t s1_173\" id=\"t1g_173\" style=\"left:65px;bottom:305px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">similar features to determine whether an insurance contract exists. </div><div class=\"t s2_173\" id=\"t1h_173\" style=\"left:65px;bottom:290px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">No material contracts have been identified to date. </div><div class=\"t s1_173\" id=\"t1i_173\" style=\"left:65px;bottom:267px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">Insurance revenue and insurance expenses are presented separately </div><div class=\"t s1_173\" id=\"t1j_173\" style=\"left:65px;bottom:252px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">within the Group income statement. Insurance revenue comprises </div><div class=\"t s1_173\" id=\"t1k_173\" style=\"left:65px;bottom:236px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">reinsurance premiums which are recognised over the period of </div><div class=\"t s1_173\" id=\"t1l_173\" style=\"left:65px;bottom:221px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">coverage; insurance expenses comprise the cost of claims and </div>associated expenses. The e\ufb00ect of discounting is immaterial.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInsuranceContracts",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f26693": {
   "value": "Disposal of non-current assets <div class=\"t s1_173\" id=\"t1o_173\" style=\"left:461px;bottom:1100px;letter-spacing:-0.04px;word-spacing:-0.12px;display:inline;\">The Group recognises sales proceeds and any related gain or loss on </div><div class=\"t s1_173\" id=\"t1p_173\" style=\"left:461px;bottom:1084px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">disposal on completion of the sales process. In determining whether </div><div class=\"t s1_173\" id=\"t1q_173\" style=\"left:461px;bottom:1069px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">the gain or loss should be recorded, the Group considers whether it: </div><div class=\"t s3_173\" id=\"t1r_173\" style=\"left:461px;bottom:1046px;display:inline;\">\u2022 </div><div class=\"t s1_173\" id=\"t1s_173\" style=\"left:470px;bottom:1046px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">has a continuing managerial involvement to the degree associated </div><div class=\"t s1_173\" id=\"t1t_173\" style=\"left:470px;bottom:1031px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">with asset ownership; </div><div class=\"t s3_173\" id=\"t1u_173\" style=\"left:461px;bottom:1012px;display:inline;\">\u2022 </div><div class=\"t s1_173\" id=\"t1v_173\" style=\"left:470px;bottom:1012px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">has transferred the signi</div><div class=\"t s2_173\" id=\"t1w_173\" style=\"left:604px;bottom:1012px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">ficant risks and rewards associated with </div><div class=\"t s1_173\" id=\"t1x_173\" style=\"left:470px;bottom:997px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">asset ownership; and </div><div class=\"t s3_173\" id=\"t1y_173\" style=\"left:461px;bottom:977px;display:inline;\">\u2022 </div>can reliably measure and will actually receive the proceeds.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f26710": {
   "value": "Equity share capital <div class=\"t s1_173\" id=\"t22_173\" style=\"left:461px;bottom:924px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Equity share capital includes the total net proceeds (both nominal </div><div class=\"t s1_173\" id=\"t23_173\" style=\"left:461px;bottom:909px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">value and share premium) on issue of the Company\u2019s equity share </div><div class=\"t s1_173\" id=\"t24_173\" style=\"left:461px;bottom:893px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">capital. Share premium represents the amount of proceeds received </div>for shares in excess of their nominal value.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f26781": {
   "value": "Climate change <div class=\"t s1_174\" id=\"t2_174\" style=\"left:65px;bottom:1100px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">There are no climate-related estimates and assumptions that have </div><div class=\"t s1_174\" id=\"t3_174\" style=\"left:65px;bottom:1084px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">a material impact on asset values in the Group Financial Statements. </div><div class=\"t s1_174\" id=\"t4_174\" style=\"left:65px;bottom:1069px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">In particular, the following have been considered: </div><div class=\"t s2_174\" id=\"t5_174\" style=\"left:65px;bottom:1046px;display:inline;\">\u2022 </div><div class=\"t s1_174\" id=\"t6_174\" style=\"left:74px;bottom:1046px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">In the case of goodwill and brands, the carrying value is recovered </div><div class=\"t s1_174\" id=\"t7_174\" style=\"left:74px;bottom:1031px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">in less than 5 years under the Base Case forecasts and is not </div><div class=\"t s1_174\" id=\"t8_174\" style=\"left:74px;bottom:1016px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">susceptible to medium-term risks. </div><div class=\"t s2_174\" id=\"t9_174\" style=\"left:65px;bottom:997px;display:inline;\">\u2022 </div><div class=\"t s1_174\" id=\"ta_174\" style=\"left:74px;bottom:997px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">In the case of the InterContinental Boston, for which the lease </div><div class=\"t s1_174\" id=\"tb_174\" style=\"left:74px;bottom:981px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">expires in 2105, the last impairment test performed indicates </div><div class=\"t s1_174\" id=\"tc_174\" style=\"left:74px;bottom:966px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">headroom above recoverable value of approximately 25% of the </div><div class=\"t s1_174\" id=\"td_174\" style=\"left:74px;bottom:951px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">asset value before the asset would be impaired. </div><div class=\"t s2_174\" id=\"te_174\" style=\"left:65px;bottom:932px;display:inline;\">\u2022 </div><div class=\"t s1_174\" id=\"tf_174\" style=\"left:74px;bottom:932px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">In the case of other hotel assets (within property, plant and </div><div class=\"t s1_174\" id=\"tg_174\" style=\"left:74px;bottom:916px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">equipment, right-of-use assets, associates or other </div><div class=\"t s3_174\" id=\"th_174\" style=\"left:359px;bottom:916px;letter-spacing:-0.05px;word-spacing:-0.11px;display:inline;\">financial assets) </div><div class=\"t s1_174\" id=\"ti_174\" style=\"left:74px;bottom:901px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">the remaining economic lives, whether they are sensitive to the </div><div class=\"t s1_174\" id=\"tj_174\" style=\"left:74px;bottom:886px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">impact of transitional risks or are susceptible to physical risks. </div><div class=\"t s2_174\" id=\"tk_174\" style=\"left:65px;bottom:867px;display:inline;\">\u2022 </div><div class=\"t s1_174\" id=\"tl_174\" style=\"left:74px;bottom:867px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">In the case of contract assets, the term of the management </div><div class=\"t s3_174\" id=\"tm_174\" style=\"left:74px;bottom:851px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">agreement and the significant headroom o</div><div class=\"t s1_174\" id=\"tn_174\" style=\"left:312px;bottom:851px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">f fee income over the </div><div class=\"t s1_174\" id=\"to_174\" style=\"left:74px;bottom:836px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">asset carrying value. </div><div class=\"t s2_174\" id=\"tp_174\" style=\"left:65px;bottom:817px;display:inline;\">\u2022 </div><div class=\"t s1_174\" id=\"tq_174\" style=\"left:74px;bottom:817px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">The period of coverage of performance guarantees and owner </div><div class=\"t s1_174\" id=\"tr_174\" style=\"left:74px;bottom:802px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">loan guarantees, together with caps on the Group\u2019s exposure. </div><div class=\"t s2_174\" id=\"ts_174\" style=\"left:65px;bottom:783px;display:inline;\">\u2022 </div><div class=\"t s1_174\" id=\"tt_174\" style=\"left:74px;bottom:783px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">In the case of the recoverability of the UK deferred tax asset, the </div><div class=\"t s1_174\" id=\"tu_174\" style=\"left:74px;bottom:767px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">impact of the potential downside risk on the Group\u2019s forecasts </div><div class=\"t s1_174\" id=\"tv_174\" style=\"left:74px;bottom:752px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">(see disclosure on page 185). </div><div class=\"t s1_174\" id=\"tw_174\" style=\"left:65px;bottom:729px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">Additionally, increasing operating costs over a medium term, for </div><div class=\"t s1_174\" id=\"tx_174\" style=\"left:65px;bottom:714px;letter-spacing:-0.09px;word-spacing:-0.05px;display:inline;\">example energy, are not expected to have a material impact on any </div><div class=\"t s1_174\" id=\"ty_174\" style=\"left:65px;bottom:699px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">of the Group\u2019s assets. </div><div class=\"t s1_174\" id=\"tz_174\" style=\"left:65px;bottom:676px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">While there is currently no material medium-term impact expected </div><div class=\"t s1_174\" id=\"t10_174\" style=\"left:65px;bottom:660px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">from climate change, the risks attached to climate change continue </div><div class=\"t s1_174\" id=\"t11_174\" style=\"left:65px;bottom:645px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">to evolve and these will continue to be assessed against the Group\u2019s </div>judgements and estimates.",
   "dimensions": {
    "concept": "ihg:DescriptionOfAccountingPolicyForPotentialImpactOfClimateChangeExplanatoryPolicyTextBlock",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f26905": {
   "value": "New standards issued but not yet e\ufb00ective <div class=\"t s1_174\" id=\"t3f_174\" style=\"left:461px;bottom:428px;letter-spacing:-0.06px;word-spacing:-0.07px;display:inline;\">From 1 January 2024, the Group will apply the amendments to: </div><div class=\"t s2_174\" id=\"t3g_174\" style=\"left:461px;bottom:405px;display:inline;\">\u2022 </div><div class=\"t s3_174\" id=\"t3h_174\" style=\"left:470px;bottom:405px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">IAS 1 \u2013 Classification o</div><div class=\"t s1_174\" id=\"t3i_174\" style=\"left:593px;bottom:405px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">f Liabilities as Current or Non-current; </div><div class=\"t s2_174\" id=\"t3j_174\" style=\"left:461px;bottom:386px;display:inline;\">\u2022 </div><div class=\"t s1_174\" id=\"t3k_174\" style=\"left:470px;bottom:386px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">IAS 1 \u2013 Non-current Liabilities with Covenants; </div><div class=\"t s2_174\" id=\"t3l_174\" style=\"left:461px;bottom:366px;display:inline;\">\u2022 </div><div class=\"t s1_174\" id=\"t3m_174\" style=\"left:470px;bottom:366px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">IFRS 16 \u2013 Lease Liability in a Sale and Leaseback; and </div><div class=\"t s2_174\" id=\"t3n_174\" style=\"left:461px;bottom:347px;display:inline;\">\u2022 </div><div class=\"t s1_174\" id=\"t3o_174\" style=\"left:470px;bottom:347px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">IAS 7 and IFRS 7 \u2013 Supplier Finance Arrangements. </div><div class=\"t s1_174\" id=\"t3p_174\" style=\"left:461px;bottom:324px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">From 1 January 2025, the Group will apply the amendments to: </div><div class=\"t s2_174\" id=\"t3q_174\" style=\"left:461px;bottom:302px;display:inline;\">\u2022 </div><div class=\"t s1_174\" id=\"t3r_174\" style=\"left:470px;bottom:302px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">IAS 21 \u2013 Lack of Exchangeability </div><div class=\"t s1_174\" id=\"t3s_174\" style=\"left:461px;bottom:279px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">There is no anticipated material impact from these amendments on </div><div class=\"t s3_174\" id=\"t3t_174\" style=\"left:461px;bottom:263px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">the Group\u2019s reported financial per</div>formance or position.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f26925": {
   "value": "Other presentational changes <div class=\"t s1_174\" id=\"t3w_174\" style=\"left:461px;bottom:225px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Revenues and expenses from the System Fund are presented </div><div class=\"t s1_174\" id=\"t3x_174\" style=\"left:461px;bottom:210px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">together with reimbursable revenue and expenses in the Group </div><div class=\"t s1_174\" id=\"t3y_174\" style=\"left:461px;bottom:195px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">income statement for clarity of presentation, consistency with </div><div class=\"t s3_174\" id=\"t3z_174\" style=\"left:461px;bottom:179px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">industry practice and to reflect the </div><div class=\"t s1_174\" id=\"t40_174\" style=\"left:657px;bottom:179px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">fact that neither of these are </div><div class=\"t s3_174\" id=\"t41_174\" style=\"left:461px;bottom:164px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">reported to the CODM and do not generate a profit or loss </div><div class=\"t s1_174\" id=\"t42_174\" style=\"left:787px;bottom:164px;letter-spacing:-0.1px;word-spacing:-0.06px;display:inline;\">for the </div><div class=\"t s1_174\" id=\"t43_174\" style=\"left:461px;bottom:149px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Group over the longer term. Analysis of these items continues to </div>be provided in note 3 and note 32.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReclassificationsOrChangesInPresentationExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f26960": {
   "value": "1. Exchange rates <table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_175\" id=\"t3_175\" style=\"left:506px;bottom:1099px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_175\" id=\"t4_175\" style=\"left:663px;bottom:1099px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_175\" id=\"t5_175\" style=\"left:821px;bottom:1099px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_175\" id=\"t6_175\" style=\"left:65px;bottom:1083px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">$1 equivalent </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_175\" id=\"t7_175\" style=\"left:414px;bottom:1083px;letter-spacing:0.04px;display:inline;\">Average </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_175\" id=\"t8_175\" style=\"left:495px;bottom:1083px;letter-spacing:0.12px;display:inline;\">Closing </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_175\" id=\"t9_175\" style=\"left:572px;bottom:1083px;letter-spacing:0.04px;display:inline;\">Average </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_175\" id=\"ta_175\" style=\"left:653px;bottom:1083px;letter-spacing:0.09px;display:inline;\">Closing </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_175\" id=\"tb_175\" style=\"left:728px;bottom:1083px;letter-spacing:0.04px;display:inline;\">Average </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_175\" id=\"tc_175\" style=\"left:808px;bottom:1083px;letter-spacing:0.09px;display:inline;\">Closing </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"td_175\" style=\"left:65px;bottom:1065px;letter-spacing:-0.23px;display:inline;\">Sterling </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"te_175\" style=\"left:419px;bottom:1065px;letter-spacing:-0.25px;display:inline;\">\u00a30.80 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"tf_175\" style=\"left:500px;bottom:1065px;letter-spacing:-0.37px;display:inline;\">\u00a30.78 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"tg_175\" style=\"left:580px;bottom:1065px;letter-spacing:-0.22px;display:inline;\">\u00a30.81 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"th_175\" style=\"left:656px;bottom:1065px;letter-spacing:-0.21px;display:inline;\">\u00a30.83 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"ti_175\" style=\"left:735px;bottom:1065px;letter-spacing:-0.35px;display:inline;\">\u00a30.73 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"tj_175\" style=\"left:814px;bottom:1065px;letter-spacing:-0.47px;display:inline;\">\u00a30.74 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"tk_175\" style=\"left:65px;bottom:1047px;letter-spacing:-0.31px;display:inline;\">Euro </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"tl_175\" style=\"left:420px;bottom:1047px;letter-spacing:-0.24px;display:inline;\">\u20ac0.92 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"tm_175\" style=\"left:496px;bottom:1047px;letter-spacing:-0.24px;display:inline;\">\u20ac0.90 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"tn_175\" style=\"left:577px;bottom:1047px;letter-spacing:-0.18px;display:inline;\">\u20ac0.95 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"to_175\" style=\"left:655px;bottom:1047px;letter-spacing:-0.22px;display:inline;\">\u20ac0.94 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"tp_175\" style=\"left:733px;bottom:1047px;letter-spacing:-0.19px;display:inline;\">\u20ac0.85 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"tq_175\" style=\"left:811px;bottom:1047px;letter-spacing:-0.2px;display:inline;\">\u20ac0.88 </div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f27020": {
   "value": "2. Segmental information <div class=\"t s7_175\" id=\"ts_175\" style=\"left:65px;bottom:991px;letter-spacing:-0.03px;display:inline;\">Revenue </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_175\" id=\"tw_175\" style=\"left:741px;bottom:976px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_175\" id=\"t10_175\" style=\"left:821px;bottom:976px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_175\" id=\"tu_175\" style=\"left:662px;bottom:966px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s3_175\" id=\"tx_175\" style=\"left:706px;bottom:966px;letter-spacing:0.1px;display:inline;\">Re-presented </div><div class=\"t s8_175\" id=\"ty_175\" style=\"vertical-align: super;left:764px;bottom:971px;display:inline;\">a </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s3_175\" id=\"t11_175\" style=\"left:784px;bottom:966px;letter-spacing:0.1px;display:inline;\">Re-presented </div><div class=\"t s8_175\" id=\"t12_175\" style=\"vertical-align: super;left:842px;bottom:971px;display:inline;\">a </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_175\" id=\"tt_175\" style=\"left:65px;bottom:955px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">Year ended 31 December </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_175\" id=\"tv_175\" style=\"left:671px;bottom:955px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_175\" id=\"tz_175\" style=\"left:749px;bottom:955px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_175\" id=\"t13_175\" style=\"left:827px;bottom:955px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t14_175\" style=\"left:65px;bottom:937px;letter-spacing:-0.2px;display:inline;\">Americas </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t15_175\" style=\"left:659px;bottom:937px;letter-spacing:-0.31px;display:inline;\">1,105 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t16_175\" style=\"left:735px;bottom:937px;letter-spacing:-0.21px;display:inline;\">1,005 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t17_175\" style=\"left:824px;bottom:937px;letter-spacing:-0.32px;display:inline;\">774 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t18_175\" style=\"left:65px;bottom:919px;letter-spacing:-0.1px;display:inline;\">EMEAA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t19_175\" style=\"left:666px;bottom:919px;letter-spacing:-0.1px;display:inline;\">677 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t1a_175\" style=\"left:745px;bottom:919px;letter-spacing:-0.26px;display:inline;\">552 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t1b_175\" style=\"left:821px;bottom:919px;letter-spacing:-0.16px;display:inline;\">303 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t1c_175\" style=\"left:65px;bottom:900px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Greater China </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t1d_175\" style=\"left:669px;bottom:900px;letter-spacing:-0.19px;display:inline;\">161 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t1e_175\" style=\"left:751px;bottom:900px;letter-spacing:-0.29px;display:inline;\">87 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t1f_175\" style=\"left:826px;bottom:900px;letter-spacing:-0.25px;display:inline;\">116 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t1g_175\" style=\"left:65px;bottom:882px;letter-spacing:-0.22px;display:inline;\">Central </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t1h_175\" style=\"left:668px;bottom:882px;letter-spacing:-0.09px;display:inline;\">221 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t1i_175\" style=\"left:746px;bottom:882px;letter-spacing:-0.14px;display:inline;\">199 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t1j_175\" style=\"left:825px;bottom:882px;letter-spacing:-0.25px;display:inline;\">197 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t1k_175\" style=\"left:65px;bottom:863px;letter-spacing:-0.21px;word-spacing:-0.16px;display:inline;\">Revenue from reportable segments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t1l_175\" style=\"left:657px;bottom:863px;letter-spacing:-0.26px;display:inline;\">2,164 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t1m_175\" style=\"left:736px;bottom:863px;letter-spacing:-0.13px;display:inline;\">1,843 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t1n_175\" style=\"left:814px;bottom:863px;letter-spacing:-0.15px;display:inline;\">1,390 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t1o_175\" style=\"left:65px;bottom:845px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">System Fund and reimbursable revenues </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t1p_175\" style=\"left:654px;bottom:845px;letter-spacing:-0.15px;display:inline;\">2,460 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t1q_175\" style=\"left:734px;bottom:845px;letter-spacing:-0.22px;display:inline;\">2,049 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t1r_175\" style=\"left:818px;bottom:845px;letter-spacing:-0.26px;display:inline;\">1,517 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t1s_175\" style=\"left:65px;bottom:826px;letter-spacing:-0.3px;word-spacing:-0.07px;display:inline;\">Total revenue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t1t_175\" style=\"left:655px;bottom:826px;letter-spacing:-0.25px;display:inline;\">4,624 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t1u_175\" style=\"left:735px;bottom:826px;letter-spacing:-0.17px;display:inline;\">3,892 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t1v_175\" style=\"left:813px;bottom:826px;letter-spacing:-0.21px;display:inline;\">2,907 </div></td></tr></table>\n<div class=\"t s9_175\" id=\"t1w_175\" style=\"left:65px;bottom:803px;display:inline;\">a </div><div class=\"t s3_175\" id=\"t1x_175\" style=\"left:74px;bottom:799px;letter-spacing:0.04px;word-spacing:-0.15px;display:inline;\">Re-presented to combine System Fund and reimbursable revenues (see New accounting standards and other presentational changes). </div><div class=\"t sa_175\" id=\"t1y_175\" style=\"left:65px;bottom:767px;letter-spacing:-0.03px;display:inline;\">Profit </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_175\" id=\"t20_175\" style=\"left:662px;bottom:752px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_175\" id=\"t22_175\" style=\"left:741px;bottom:752px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_175\" id=\"t24_175\" style=\"left:821px;bottom:752px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_175\" id=\"t1z_175\" style=\"left:65px;bottom:742px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">Year ended 31 December </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_175\" id=\"t21_175\" style=\"left:671px;bottom:742px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_175\" id=\"t23_175\" style=\"left:749px;bottom:742px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_175\" id=\"t25_175\" style=\"left:827px;bottom:742px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t26_175\" style=\"left:65px;bottom:724px;letter-spacing:-0.2px;display:inline;\">Americas </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t27_175\" style=\"left:667px;bottom:724px;letter-spacing:-0.22px;display:inline;\">815 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t28_175\" style=\"left:747px;bottom:724px;letter-spacing:-0.24px;display:inline;\">761 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t29_175\" style=\"left:822px;bottom:724px;letter-spacing:-0.17px;display:inline;\">559 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t2a_175\" style=\"left:65px;bottom:705px;letter-spacing:-0.1px;display:inline;\">EMEAA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t2b_175\" style=\"left:667px;bottom:705px;letter-spacing:-0.17px;display:inline;\">215 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t2c_175\" style=\"left:747px;bottom:705px;letter-spacing:-0.28px;display:inline;\">152 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t2d_175\" style=\"left:835px;bottom:705px;display:inline;\">5 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t2e_175\" style=\"left:65px;bottom:687px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Greater China </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t2f_175\" style=\"left:671px;bottom:687px;letter-spacing:-0.15px;display:inline;\">96 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t2g_175\" style=\"left:751px;bottom:687px;letter-spacing:-0.24px;display:inline;\">23 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t2h_175\" style=\"left:828px;bottom:687px;letter-spacing:-0.19px;display:inline;\">58 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t2i_175\" style=\"left:65px;bottom:668px;letter-spacing:-0.22px;display:inline;\">Central </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t2j_175\" style=\"left:663px;bottom:668px;letter-spacing:-0.24px;display:inline;\">(107) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t2k_175\" style=\"left:742px;bottom:668px;letter-spacing:-0.25px;display:inline;\">(108) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t2l_175\" style=\"left:825px;bottom:668px;letter-spacing:-0.29px;display:inline;\">(88) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_175\" id=\"t2m_175\" style=\"left:65px;bottom:650px;letter-spacing:-0.19px;word-spacing:-0.17px;display:inline;\">Operating profit </div> <div class=\"t s6_175\" id=\"t2n_175\" style=\"left:150px;bottom:650px;letter-spacing:-0.19px;word-spacing:-0.18px;display:inline;\">from reportable segments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t2o_175\" style=\"left:658px;bottom:650px;letter-spacing:-0.26px;display:inline;\">1,019 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t2p_175\" style=\"left:745px;bottom:650px;letter-spacing:-0.26px;display:inline;\">828 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t2q_175\" style=\"left:822px;bottom:650px;letter-spacing:-0.11px;display:inline;\">534 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t2r_175\" style=\"left:65px;bottom:631px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">System Fund and reimbursable result </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t2s_175\" style=\"left:673px;bottom:631px;letter-spacing:-0.19px;display:inline;\">19 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t2t_175\" style=\"left:742px;bottom:631px;letter-spacing:-0.23px;display:inline;\">(105) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t2u_175\" style=\"left:830px;bottom:631px;letter-spacing:-0.33px;display:inline;\">(11) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t2v_175\" style=\"left:65px;bottom:613px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Operating exceptional items (note 6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t2w_175\" style=\"left:672px;bottom:613px;letter-spacing:-0.19px;display:inline;\">28 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t2x_175\" style=\"left:747px;bottom:613px;letter-spacing:-0.25px;display:inline;\">(95) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t2y_175\" style=\"left:825px;bottom:613px;letter-spacing:-0.23px;display:inline;\">(29) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_175\" id=\"t2z_175\" style=\"left:65px;bottom:594px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">Operating profit </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t30_175\" style=\"left:656px;bottom:594px;letter-spacing:-0.25px;display:inline;\">1,066 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t31_175\" style=\"left:744px;bottom:594px;letter-spacing:-0.24px;display:inline;\">628 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t32_175\" style=\"left:821px;bottom:594px;letter-spacing:-0.14px;display:inline;\">494 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t33_175\" style=\"left:65px;bottom:576px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">Net financial expenses </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t34_175\" style=\"left:669px;bottom:576px;letter-spacing:-0.35px;display:inline;\">(52) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t35_175\" style=\"left:747px;bottom:576px;letter-spacing:-0.26px;display:inline;\">(96) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t36_175\" style=\"left:821px;bottom:576px;letter-spacing:-0.25px;display:inline;\">(139) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t37_175\" style=\"left:65px;bottom:557px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Fair value (losses)/gains on contingent purchase consideration </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t38_175\" style=\"left:675px;bottom:557px;letter-spacing:-0.5px;display:inline;\">(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t39_175\" style=\"left:757px;bottom:557px;display:inline;\">8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t3a_175\" style=\"left:835px;bottom:557px;display:inline;\">6 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_175\" id=\"t3b_175\" style=\"left:65px;bottom:539px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Profit be</div><div class=\"t s6_175\" id=\"t3c_175\" style=\"left:108px;bottom:539px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">fore tax </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t3d_175\" style=\"left:658px;bottom:539px;letter-spacing:-0.27px;display:inline;\">1,010 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t3e_175\" style=\"left:743px;bottom:539px;letter-spacing:-0.13px;display:inline;\">540 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t3f_175\" style=\"left:824px;bottom:539px;letter-spacing:-0.1px;display:inline;\">361 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t3g_175\" style=\"left:65px;bottom:520px;letter-spacing:-0.53px;display:inline;\">Tax </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t3h_175\" style=\"left:661px;bottom:520px;letter-spacing:-0.25px;display:inline;\">(260) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t3i_175\" style=\"left:743px;bottom:520px;letter-spacing:-0.25px;display:inline;\">(164) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t3j_175\" style=\"left:825px;bottom:520px;letter-spacing:-0.26px;display:inline;\">(96) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_175\" id=\"t3k_175\" style=\"left:65px;bottom:501px;letter-spacing:-0.18px;display:inline;\">Profit </div> <div class=\"t s6_175\" id=\"t3l_175\" style=\"left:95px;bottom:501px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">for the year </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_175\" id=\"t3m_175\" style=\"left:665px;bottom:501px;letter-spacing:-0.23px;display:inline;\">750 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t3n_175\" style=\"left:745px;bottom:501px;letter-spacing:-0.35px;display:inline;\">376 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_175\" id=\"t3o_175\" style=\"left:822px;bottom:501px;letter-spacing:-0.16px;display:inline;\">265 </div></td></tr></table>\n<div class=\"t sc_175\" id=\"t3p_175\" style=\"left:65px;bottom:468px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">In 2022, operating profit </div><div class=\"t sd_175\" id=\"t3q_175\" style=\"left:203px;bottom:468px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">from reportable segments included $6m relating to business insurance claims principally in the Americas region </div><div class=\"t sd_175\" id=\"t3r_175\" style=\"left:65px;bottom:453px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">and $16m government support income relating to the EMEAA region. The net impact of government support income on operating pro</div><div class=\"t sc_175\" id=\"t3s_175\" style=\"left:811px;bottom:453px;letter-spacing:-0.02px;display:inline;\">fit </div><div class=\"t sd_175\" id=\"t3t_175\" style=\"left:65px;bottom:437px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">from reportable segments was $6m after deducting additional variable rent of $10m which became payable as a direct result of the </div><div class=\"t sc_175\" id=\"t3u_175\" style=\"left:65px;bottom:422px;word-spacing:-0.13px;display:inline;\">support received. </div><div class=\"t se_175\" id=\"t3v_175\" style=\"left:65px;bottom:31px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\"></div><div class=\"t m0_175 sf_175\" id=\"t3w_175\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"></div><div class=\"t se_175\" id=\"t3x_175\" style=\"left:826px;bottom:31px;letter-spacing:-0.13px;display:inline;\"></div><div></div><div class=\"t s2_176\" id=\"t3_176\" style=\"left:65px;bottom:1100px;letter-spacing:0.01px;word-spacing:-0.15px;display:inline;\">Non-cash items included within operating profit </div><div class=\"t s3_176\" id=\"t4_176\" style=\"left:343px;bottom:1100px;letter-spacing:0.03px;word-spacing:-0.16px;display:inline;\">from reportable segments </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"ta_176\" style=\"left:675px;bottom:1085px;letter-spacing:0.1px;display:inline;\">Greater </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"t6_176\" style=\"left:535px;bottom:1075px;letter-spacing:0.11px;display:inline;\">Americas </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"t8_176\" style=\"left:610px;bottom:1075px;letter-spacing:0.22px;display:inline;\">EMEAA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"tb_176\" style=\"left:683px;bottom:1075px;letter-spacing:0.12px;display:inline;\">China </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"td_176\" style=\"left:742px;bottom:1075px;letter-spacing:0.1px;display:inline;\">Central </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"tf_176\" style=\"left:813px;bottom:1075px;letter-spacing:0.12px;display:inline;\">Group </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_176\" id=\"t5_176\" style=\"left:65px;bottom:1064px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">Year ended 31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"t7_176\" style=\"left:562px;bottom:1064px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"t9_176\" style=\"left:629px;bottom:1064px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"tc_176\" style=\"left:695px;bottom:1064px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"te_176\" style=\"left:761px;bottom:1064px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"tg_176\" style=\"left:827px;bottom:1064px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s6_176\" id=\"th_176\" style=\"left:65px;bottom:1046px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Depreciation and amortisation </div><div class=\"t s7_176\" id=\"ti_176\" style=\"vertical-align: super;left:215px;bottom:1053px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"tj_176\" style=\"left:563px;bottom:1046px;letter-spacing:-0.17px;display:inline;\">24 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"tk_176\" style=\"left:632px;bottom:1046px;letter-spacing:-0.25px;display:inline;\">12 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"tl_176\" style=\"left:702px;bottom:1046px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"tm_176\" style=\"left:763px;bottom:1046px;letter-spacing:-0.17px;display:inline;\">27 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"tn_176\" style=\"left:828px;bottom:1046px;letter-spacing:-0.23px;display:inline;\">67 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"to_176\" style=\"left:65px;bottom:1028px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Contract assets deduction in revenue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"tp_176\" style=\"left:566px;bottom:1028px;letter-spacing:-0.15px;display:inline;\">21 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"tq_176\" style=\"left:632px;bottom:1028px;letter-spacing:-0.18px;display:inline;\">15 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"tr_176\" style=\"left:704px;bottom:1028px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"ts_176\" style=\"left:769px;bottom:1028px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"tt_176\" style=\"left:828px;bottom:1028px;letter-spacing:-0.26px;display:inline;\">37 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"tu_176\" style=\"left:65px;bottom:1009px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">Equity-settled share-based payments cost </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"tv_176\" style=\"left:570px;bottom:1009px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"tw_176\" style=\"left:636px;bottom:1009px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"tx_176\" style=\"left:703px;bottom:1009px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"ty_176\" style=\"left:763px;bottom:1009px;letter-spacing:-0.22px;display:inline;\">16 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"tz_176\" style=\"left:830px;bottom:1009px;letter-spacing:-0.24px;display:inline;\">31 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t10_176\" style=\"left:65px;bottom:991px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">Share of pro</div><div class=\"t s9_176\" id=\"t11_176\" style=\"left:125px;bottom:991px;letter-spacing:-0.19px;word-spacing:-0.14px;display:inline;\">fit o</div><div class=\"t s6_176\" id=\"t12_176\" style=\"left:144px;bottom:991px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">f associates and joint ventures (excluding exceptional items) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t13_176\" style=\"left:567px;bottom:991px;letter-spacing:-0.37px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t14_176\" style=\"left:633px;bottom:991px;letter-spacing:-0.41px;display:inline;\">(8) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t15_176\" style=\"left:703px;bottom:991px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t16_176\" style=\"left:769px;bottom:991px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t17_176\" style=\"left:826px;bottom:991px;letter-spacing:-0.35px;display:inline;\">(13) </div></td></tr></table><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t1d_176\" style=\"left:677px;bottom:962px;letter-spacing:0.06px;display:inline;\">Greater </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t19_176\" style=\"left:537px;bottom:951px;letter-spacing:0.1px;display:inline;\">Americas </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t1b_176\" style=\"left:612px;bottom:951px;letter-spacing:0.25px;display:inline;\">EMEAA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t1e_176\" style=\"left:684px;bottom:951px;letter-spacing:0.09px;display:inline;\">China </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t1g_176\" style=\"left:744px;bottom:951px;letter-spacing:0.07px;display:inline;\">Central </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t1i_176\" style=\"left:814px;bottom:951px;letter-spacing:0.08px;display:inline;\">Group </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_176\" id=\"t18_176\" style=\"left:65px;bottom:941px;letter-spacing:0.08px;word-spacing:-0.17px;display:inline;\">Year ended 31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t1a_176\" style=\"left:563px;bottom:941px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t1c_176\" style=\"left:629px;bottom:941px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t1f_176\" style=\"left:695px;bottom:941px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t1h_176\" style=\"left:761px;bottom:941px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t1j_176\" style=\"left:827px;bottom:941px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s6_176\" id=\"t1k_176\" style=\"left:65px;bottom:923px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Depreciation and amortisation </div><div class=\"t s7_176\" id=\"t1l_176\" style=\"vertical-align: super;left:215px;bottom:929px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t1m_176\" style=\"left:565px;bottom:923px;letter-spacing:-0.24px;display:inline;\">23 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t1n_176\" style=\"left:632px;bottom:923px;letter-spacing:-0.25px;display:inline;\">13 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t1o_176\" style=\"left:703px;bottom:923px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t1p_176\" style=\"left:763px;bottom:923px;letter-spacing:-0.28px;display:inline;\">28 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t1q_176\" style=\"left:828px;bottom:923px;letter-spacing:-0.11px;display:inline;\">68 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t1r_176\" style=\"left:65px;bottom:904px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Contract assets deduction in revenue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t1s_176\" style=\"left:566px;bottom:904px;letter-spacing:-0.23px;display:inline;\">18 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t1t_176\" style=\"left:632px;bottom:904px;letter-spacing:-0.25px;display:inline;\">13 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t1u_176\" style=\"left:705px;bottom:904px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t1v_176\" style=\"left:770px;bottom:904px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t1w_176\" style=\"left:829px;bottom:904px;letter-spacing:-0.24px;display:inline;\">32 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t1x_176\" style=\"left:65px;bottom:886px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">Equity-settled share-based payments cost </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t1y_176\" style=\"left:571px;bottom:886px;display:inline;\">8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t1z_176\" style=\"left:637px;bottom:886px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t20_176\" style=\"left:703px;bottom:886px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t21_176\" style=\"left:765px;bottom:886px;letter-spacing:-0.37px;display:inline;\">14 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t22_176\" style=\"left:829px;bottom:886px;letter-spacing:-0.28px;display:inline;\">28 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t23_176\" style=\"left:65px;bottom:867px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">Share of pro</div> <div class=\"t s9_176\" id=\"t24_176\" style=\"left:125px;bottom:867px;letter-spacing:-0.19px;word-spacing:-0.14px;display:inline;\">fit o</div><div class=\"t s6_176\" id=\"t25_176\" style=\"left:144px;bottom:867px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">f associates (excluding exceptional items) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t26_176\" style=\"left:570px;bottom:867px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t27_176\" style=\"left:637px;bottom:867px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t28_176\" style=\"left:704px;bottom:867px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t29_176\" style=\"left:770px;bottom:867px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t2a_176\" style=\"left:834px;bottom:867px;letter-spacing:-0.35px;display:inline;\">(1) </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t2g_176\" style=\"left:677px;bottom:839px;letter-spacing:0.06px;display:inline;\">Greater </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t2c_176\" style=\"left:537px;bottom:828px;letter-spacing:0.1px;display:inline;\">Americas </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t2e_176\" style=\"left:612px;bottom:828px;letter-spacing:0.25px;display:inline;\">EMEAA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t2h_176\" style=\"left:684px;bottom:828px;letter-spacing:0.09px;display:inline;\">China </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t2j_176\" style=\"left:744px;bottom:828px;letter-spacing:0.07px;display:inline;\">Central </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t2l_176\" style=\"left:814px;bottom:828px;letter-spacing:0.08px;display:inline;\">Group </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_176\" id=\"t2b_176\" style=\"left:65px;bottom:817px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">Year ended 31 December 2021 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t2d_176\" style=\"left:563px;bottom:817px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t2f_176\" style=\"left:629px;bottom:817px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t2i_176\" style=\"left:695px;bottom:817px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t2k_176\" style=\"left:761px;bottom:817px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t2m_176\" style=\"left:827px;bottom:817px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s6_176\" id=\"t2n_176\" style=\"left:65px;bottom:800px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Depreciation and amortisation </div><div class=\"t s7_176\" id=\"t2o_176\" style=\"vertical-align: super;left:215px;bottom:806px;display:inline;\">a </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t2p_176\" style=\"left:563px;bottom:800px;letter-spacing:-0.16px;display:inline;\">30 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t2q_176\" style=\"left:632px;bottom:800px;letter-spacing:-0.23px;display:inline;\">18 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t2r_176\" style=\"left:703px;bottom:800px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t2s_176\" style=\"left:762px;bottom:800px;letter-spacing:0.01px;display:inline;\">44 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t2t_176\" style=\"left:828px;bottom:800px;letter-spacing:-0.11px;display:inline;\">98 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t2u_176\" style=\"left:65px;bottom:781px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Contract assets deduction in revenue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t2v_176\" style=\"left:567px;bottom:781px;letter-spacing:-0.32px;display:inline;\">17 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t2w_176\" style=\"left:633px;bottom:781px;letter-spacing:-0.32px;display:inline;\">17 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t2x_176\" style=\"left:705px;bottom:781px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t2y_176\" style=\"left:770px;bottom:781px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t2z_176\" style=\"left:828px;bottom:781px;letter-spacing:-0.09px;display:inline;\">35 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t30_176\" style=\"left:65px;bottom:763px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">Equity-settled share-based payments cost </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t31_176\" style=\"left:571px;bottom:763px;display:inline;\">8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t32_176\" style=\"left:636px;bottom:763px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t33_176\" style=\"left:703px;bottom:763px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t34_176\" style=\"left:767px;bottom:763px;letter-spacing:-0.3px;display:inline;\">11 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t35_176\" style=\"left:829px;bottom:763px;letter-spacing:-0.26px;display:inline;\">26 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t36_176\" style=\"left:65px;bottom:744px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Share of losses of associates </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t37_176\" style=\"left:571px;bottom:744px;display:inline;\">7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t38_176\" style=\"left:639px;bottom:744px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t39_176\" style=\"left:703px;bottom:744px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t3a_176\" style=\"left:770px;bottom:744px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t3b_176\" style=\"left:835px;bottom:744px;display:inline;\">8 </div></td></tr></table>\n<div class=\"t sb_176\" id=\"t3c_176\" style=\"left:65px;bottom:721px;display:inline;\">a </div><div class=\"t sa_176\" id=\"t3d_176\" style=\"left:74px;bottom:717px;letter-spacing:0.04px;word-spacing:-0.15px;display:inline;\">Includes $17m (2022: $15m, 2021: $20m) relating to cost of sales in owned, leased and managed lease hotels and $50m (2022: $53m, 2021: $78m) relating to other assets. A further </div><div class=\"t sa_176\" id=\"t3e_176\" style=\"left:74px;bottom:706px;letter-spacing:0.06px;word-spacing:-0.16px;display:inline;\">$83m (2022: $86m, 2021: $94m) was recorded within System Fund and reimbursable expenses. </div><div class=\"t s3_176\" id=\"t3f_176\" style=\"left:65px;bottom:674px;word-spacing:-0.13px;display:inline;\">Capital expenditure </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"t3l_176\" style=\"left:675px;bottom:660px;letter-spacing:0.09px;display:inline;\">Greater </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"t3h_176\" style=\"left:535px;bottom:649px;letter-spacing:0.11px;display:inline;\">Americas </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"t3j_176\" style=\"left:610px;bottom:649px;letter-spacing:0.22px;display:inline;\">EMEAA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"t3m_176\" style=\"left:683px;bottom:649px;letter-spacing:0.12px;display:inline;\">China </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"t3o_176\" style=\"left:742px;bottom:649px;letter-spacing:0.1px;display:inline;\">Central </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"t3q_176\" style=\"left:813px;bottom:649px;letter-spacing:0.12px;display:inline;\">Group </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_176\" id=\"t3g_176\" style=\"left:65px;bottom:638px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">Year ended 31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"t3i_176\" style=\"left:562px;bottom:638px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"t3k_176\" style=\"left:629px;bottom:638px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"t3n_176\" style=\"left:695px;bottom:638px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"t3p_176\" style=\"left:761px;bottom:638px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_176\" id=\"t3r_176\" style=\"left:827px;bottom:638px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t3s_176\" style=\"left:65px;bottom:621px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Capital expenditure per management reporting </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t3t_176\" style=\"left:559px;bottom:621px;letter-spacing:-0.22px;display:inline;\">128 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t3u_176\" style=\"left:629px;bottom:621px;letter-spacing:-0.14px;display:inline;\">35 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t3v_176\" style=\"left:702px;bottom:621px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t3w_176\" style=\"left:762px;bottom:621px;letter-spacing:-0.26px;display:inline;\">87 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t3x_176\" style=\"left:821px;bottom:621px;letter-spacing:-0.14px;display:inline;\">253 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t3y_176\" style=\"left:65px;bottom:602px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Contract acquisition costs </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t3z_176\" style=\"left:561px;bottom:602px;letter-spacing:-0.44px;display:inline;\">(74) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t40_176\" style=\"left:628px;bottom:602px;letter-spacing:-0.36px;display:inline;\">(31) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t41_176\" style=\"left:699px;bottom:602px;letter-spacing:-0.42px;display:inline;\">(3) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t42_176\" style=\"left:769px;bottom:602px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t43_176\" style=\"left:819px;bottom:602px;letter-spacing:-0.3px;display:inline;\">(108) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t44_176\" style=\"left:65px;bottom:584px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Timing di\ufb00erences and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t45_176\" style=\"left:572px;bottom:584px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t46_176\" style=\"left:633px;bottom:584px;letter-spacing:-0.29px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t47_176\" style=\"left:703px;bottom:584px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t48_176\" style=\"left:765px;bottom:584px;letter-spacing:-0.06px;display:inline;\">(7) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t49_176\" style=\"left:831px;bottom:584px;letter-spacing:-0.41px;display:inline;\">(8) </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4a_176\" style=\"left:65px;bottom:565px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">Additions per the Group Financial Statements </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4b_176\" style=\"left:564px;bottom:565px;letter-spacing:-0.17px;display:inline;\">55 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4c_176\" style=\"left:636px;bottom:565px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4d_176\" style=\"left:703px;bottom:565px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4e_176\" style=\"left:760px;bottom:565px;letter-spacing:-0.23px;display:inline;\">80 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4f_176\" style=\"left:824px;bottom:565px;letter-spacing:-0.25px;display:inline;\">137 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t4g_176\" style=\"left:65px;bottom:528px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Comprising additions to: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"tcs-selection-enabled tcs-selected\" colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t4h_176\" style=\"left:73px;bottom:510px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Goodwill and other intangible assets </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4i_176\" style=\"left:571px;bottom:510px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4j_176\" style=\"left:637px;bottom:510px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4k_176\" style=\"left:703px;bottom:510px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4l_176\" style=\"left:761px;bottom:510px;letter-spacing:-0.16px;display:inline;\">53 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4m_176\" style=\"left:828px;bottom:510px;letter-spacing:-0.16px;display:inline;\">53 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t4n_176\" style=\"left:73px;bottom:491px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Property, plant and equipment </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4o_176\" style=\"left:570px;bottom:491px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4p_176\" style=\"left:636px;bottom:491px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4q_176\" style=\"left:703px;bottom:491px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4r_176\" style=\"left:764px;bottom:491px;letter-spacing:-0.18px;display:inline;\">15 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4s_176\" style=\"left:830px;bottom:491px;letter-spacing:-0.15px;display:inline;\">21 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t4t_176\" style=\"left:73px;bottom:472px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Investment in associates </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4u_176\" style=\"left:570px;bottom:472px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4v_176\" style=\"left:637px;bottom:472px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4w_176\" style=\"left:703px;bottom:472px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4x_176\" style=\"left:769px;bottom:472px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t4y_176\" style=\"left:834px;bottom:472px;display:inline;\">3 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_176\" id=\"t4z_176\" style=\"left:73px;bottom:454px;letter-spacing:-0.19px;word-spacing:-0.16px;display:inline;\">Other financial assets </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t50_176\" style=\"left:563px;bottom:454px;letter-spacing:-0.13px;display:inline;\">48 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t51_176\" style=\"left:637px;bottom:454px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t52_176\" style=\"left:703px;bottom:454px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t53_176\" style=\"left:764px;bottom:454px;letter-spacing:-0.25px;display:inline;\">12 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t54_176\" style=\"left:826px;bottom:454px;letter-spacing:-0.2px;display:inline;\">60 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t55_176\" style=\"left:564px;bottom:434px;letter-spacing:-0.17px;display:inline;\">55 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t56_176\" style=\"left:636px;bottom:434px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t57_176\" style=\"left:703px;bottom:434px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t58_176\" style=\"left:760px;bottom:434px;letter-spacing:-0.23px;display:inline;\">80 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_176\" id=\"t59_176\" style=\"left:824px;bottom:434px;letter-spacing:-0.25px;display:inline;\">137 </div></td></tr></table><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t5f_176\" style=\"left:677px;bottom:406px;letter-spacing:0.05px;display:inline;\">Greater </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t5b_176\" style=\"left:537px;bottom:395px;letter-spacing:0.1px;display:inline;\">Americas </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t5d_176\" style=\"left:612px;bottom:395px;letter-spacing:0.25px;display:inline;\">EMEAA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t5g_176\" style=\"left:684px;bottom:395px;letter-spacing:0.09px;display:inline;\">China </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t5i_176\" style=\"left:744px;bottom:395px;letter-spacing:0.07px;display:inline;\">Central </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t5k_176\" style=\"left:814px;bottom:395px;letter-spacing:0.08px;display:inline;\">Group </div></td></tr><tr><td class=\"tcs-selection-enabled tcs-selected\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_176\" id=\"t5a_176\" style=\"left:65px;bottom:384px;letter-spacing:0.08px;word-spacing:-0.17px;display:inline;\">Year ended 31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t5c_176\" style=\"left:563px;bottom:384px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t5e_176\" style=\"left:629px;bottom:384px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t5h_176\" style=\"left:695px;bottom:384px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t5j_176\" style=\"left:761px;bottom:384px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_176\" id=\"t5l_176\" style=\"left:827px;bottom:384px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t5m_176\" style=\"left:65px;bottom:366px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Capital expenditure per management reporting </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t5n_176\" style=\"left:567px;bottom:366px;letter-spacing:-0.01px;display:inline;\">71 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t5o_176\" style=\"left:633px;bottom:366px;letter-spacing:-0.03px;display:inline;\">21 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t5p_176\" style=\"left:703px;bottom:366px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t5q_176\" style=\"left:763px;bottom:366px;letter-spacing:-0.22px;display:inline;\">67 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t5r_176\" style=\"left:826px;bottom:366px;letter-spacing:-0.13px;display:inline;\">161 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t5s_176\" style=\"left:65px;bottom:348px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Contract acquisition costs </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t5t_176\" style=\"left:562px;bottom:348px;letter-spacing:-0.3px;display:inline;\">(47) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t5u_176\" style=\"left:629px;bottom:348px;letter-spacing:-0.28px;display:inline;\">(16) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t5v_176\" style=\"left:702px;bottom:348px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t5w_176\" style=\"left:770px;bottom:348px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t5x_176\" style=\"left:825px;bottom:348px;letter-spacing:-0.3px;display:inline;\">(64) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t5y_176\" style=\"left:65px;bottom:329px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Lease incentives received </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t5z_176\" style=\"left:571px;bottom:329px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t60_176\" style=\"left:637px;bottom:329px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t61_176\" style=\"left:704px;bottom:329px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t62_176\" style=\"left:769px;bottom:329px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t63_176\" style=\"left:835px;bottom:329px;display:inline;\">6 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t64_176\" style=\"left:65px;bottom:311px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Timing di\ufb00erences and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t65_176\" style=\"left:571px;bottom:311px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t66_176\" style=\"left:637px;bottom:311px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t67_176\" style=\"left:702px;bottom:311px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t68_176\" style=\"left:769px;bottom:311px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t69_176\" style=\"left:837px;bottom:311px;display:inline;\">1 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_176\" id=\"t6a_176\" style=\"left:65px;bottom:292px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">Additions per the Group Financial Statements </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6b_176\" style=\"left:565px;bottom:292px;letter-spacing:-0.38px;display:inline;\">24 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6c_176\" style=\"left:637px;bottom:292px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6d_176\" style=\"left:703px;bottom:292px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6e_176\" style=\"left:763px;bottom:292px;letter-spacing:-0.13px;display:inline;\">75 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6f_176\" style=\"left:823px;bottom:292px;letter-spacing:-0.2px;display:inline;\">104 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6g_176\" style=\"left:65px;bottom:255px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Comprising additions to: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6h_176\" style=\"left:73px;bottom:237px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Goodwill and other intangible assets </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6i_176\" style=\"left:571px;bottom:237px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6j_176\" style=\"left:637px;bottom:237px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6k_176\" style=\"left:703px;bottom:237px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6l_176\" style=\"left:762px;bottom:237px;letter-spacing:-0.1px;display:inline;\">46 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6m_176\" style=\"left:828px;bottom:237px;letter-spacing:-0.1px;display:inline;\">46 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6n_176\" style=\"left:73px;bottom:218px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Property, plant and equipment </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6o_176\" style=\"left:565px;bottom:218px;letter-spacing:-0.24px;display:inline;\">23 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6p_176\" style=\"left:637px;bottom:218px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6q_176\" style=\"left:703px;bottom:218px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6r_176\" style=\"left:763px;bottom:218px;letter-spacing:-0.17px;display:inline;\">29 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6s_176\" style=\"left:829px;bottom:218px;letter-spacing:-0.24px;display:inline;\">57 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6t_176\" style=\"left:73px;bottom:200px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Investment in associates </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6u_176\" style=\"left:573px;bottom:200px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6v_176\" style=\"left:637px;bottom:200px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6w_176\" style=\"left:703px;bottom:200px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6x_176\" style=\"left:770px;bottom:200px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6y_176\" style=\"left:837px;bottom:200px;display:inline;\">1 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t6z_176\" style=\"left:565px;bottom:180px;letter-spacing:-0.38px;display:inline;\">24 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t70_176\" style=\"left:637px;bottom:180px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t71_176\" style=\"left:703px;bottom:180px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t72_176\" style=\"left:763px;bottom:180px;letter-spacing:-0.13px;display:inline;\">75 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_176\" id=\"t73_176\" style=\"left:823px;bottom:180px;letter-spacing:-0.2px;display:inline;\">104 </div></td></tr></table>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f27899": {
   "value": "Geographical information <table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_177\" id=\"t5_177\" style=\"left:686px;bottom:1089px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_177\" id=\"t7_177\" style=\"left:753px;bottom:1089px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_177\" id=\"t9_177\" style=\"left:821px;bottom:1089px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_177\" id=\"t4_177\" style=\"left:65px;bottom:1079px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">Year ended 31 December </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_177\" id=\"t6_177\" style=\"left:695px;bottom:1079px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_177\" id=\"t8_177\" style=\"left:761px;bottom:1079px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_177\" id=\"ta_177\" style=\"left:827px;bottom:1079px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"tb_177\" style=\"left:65px;bottom:1060px;letter-spacing:-0.28px;display:inline;\">Revenue </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"tc_177\" style=\"left:65px;bottom:1041px;letter-spacing:-0.23px;word-spacing:-0.15px;display:inline;\">United Kingdom </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"td_177\" style=\"left:689px;bottom:1041px;letter-spacing:-0.17px;display:inline;\">263 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"te_177\" style=\"left:756px;bottom:1041px;letter-spacing:-0.18px;display:inline;\">243 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"tf_177\" style=\"left:825px;bottom:1041px;letter-spacing:-0.31px;display:inline;\">142 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"tg_177\" style=\"left:65px;bottom:1022px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">United States </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"th_177\" style=\"left:683px;bottom:1022px;letter-spacing:-0.17px;display:inline;\">1,777 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"ti_177\" style=\"left:749px;bottom:1022px;letter-spacing:-0.21px;display:inline;\">1,659 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"tj_177\" style=\"left:815px;bottom:1022px;letter-spacing:-0.16px;display:inline;\">1,263 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"tk_177\" style=\"left:65px;bottom:1004px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Rest of World </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"tl_177\" style=\"left:680px;bottom:1004px;letter-spacing:-0.27px;display:inline;\">1,020 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"tm_177\" style=\"left:757px;bottom:1004px;letter-spacing:-0.08px;display:inline;\">773 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"tn_177\" style=\"left:823px;bottom:1004px;letter-spacing:-0.52px;display:inline;\">574 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"to_177\" style=\"left:677px;bottom:985px;letter-spacing:-0.27px;display:inline;\">3,060 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"tp_177\" style=\"left:748px;bottom:985px;letter-spacing:-0.21px;display:inline;\">2,675 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"tq_177\" style=\"left:815px;bottom:985px;letter-spacing:-0.25px;display:inline;\">1,979 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"tr_177\" style=\"left:65px;bottom:967px;letter-spacing:-0.29px;word-spacing:-0.07px;display:inline;\">System Fund revenues (note 32) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"ts_177\" style=\"left:681px;bottom:967px;letter-spacing:-0.19px;display:inline;\">1,564 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"tt_177\" style=\"left:752px;bottom:967px;letter-spacing:-0.16px;display:inline;\">1,217 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"tu_177\" style=\"left:822px;bottom:967px;letter-spacing:-0.22px;display:inline;\">928 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"tv_177\" style=\"left:679px;bottom:948px;letter-spacing:-0.25px;display:inline;\">4,624 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"tw_177\" style=\"left:747px;bottom:948px;letter-spacing:-0.17px;display:inline;\">3,892 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"tx_177\" style=\"left:813px;bottom:948px;letter-spacing:-0.21px;display:inline;\">2,907 </div></td></tr></table>\n<div class=\"t s8_177\" id=\"ty_177\" style=\"left:65px;bottom:919px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">For the purposes of the above table, fee business, owned, leased and managed lease and reimbursable revenues are determined according </div><div class=\"t s8_177\" id=\"tz_177\" style=\"left:65px;bottom:903px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">to the location of the hotel and other revenue is attributed to the country of origin. In addition to the United Kingdom, revenue relating to an </div><div class=\"t s8_177\" id=\"t10_177\" style=\"left:65px;bottom:888px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">individual country is separately disclosed when it represents 10% or more of total revenue. System Fund revenues are not included in the </div><div class=\"t s8_177\" id=\"t11_177\" style=\"left:65px;bottom:873px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">geographical analysis as the Group does not monitor the Fund\u2019s revenue by location of the hotel or, in the case of the loyalty programme, </div><div class=\"t s8_177\" id=\"t12_177\" style=\"left:65px;bottom:858px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">according to the location where members consume their rewards. </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_177\" id=\"t14_177\" style=\"left:752px;bottom:829px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_177\" id=\"t16_177\" style=\"left:819px;bottom:829px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_177\" id=\"t13_177\" style=\"left:65px;bottom:818px;letter-spacing:0.12px;word-spacing:-0.21px;display:inline;\">31 December </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_177\" id=\"t15_177\" style=\"left:761px;bottom:818px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_177\" id=\"t17_177\" style=\"left:827px;bottom:818px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t18_177\" style=\"left:65px;bottom:800px;letter-spacing:-0.17px;word-spacing:-0.2px;display:inline;\">Non-current assets </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t19_177\" style=\"left:65px;bottom:782px;letter-spacing:-0.23px;word-spacing:-0.15px;display:inline;\">United Kingdom </div></td><td class=\"tcs-selection-enabled tcs-selected\" colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t1a_177\" style=\"left:755px;bottom:782px;letter-spacing:-0.19px;display:inline;\">100 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t1b_177\" style=\"left:824px;bottom:782px;letter-spacing:-0.19px;display:inline;\">102 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t1c_177\" style=\"left:65px;bottom:763px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">United States </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t1d_177\" style=\"left:747px;bottom:763px;letter-spacing:-0.21px;display:inline;\">1,332 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t1e_177\" style=\"left:814px;bottom:763px;letter-spacing:-0.17px;display:inline;\">1,308 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t1f_177\" style=\"left:65px;bottom:745px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Rest of World </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t1g_177\" style=\"left:753px;bottom:745px;letter-spacing:-0.18px;display:inline;\">660 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t1h_177\" style=\"left:824px;bottom:745px;letter-spacing:-0.12px;display:inline;\">621 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t1i_177\" style=\"left:745px;bottom:726px;letter-spacing:-0.21px;display:inline;\">2,092 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t1j_177\" style=\"left:815px;bottom:726px;letter-spacing:-0.22px;display:inline;\">2,031 </div></td></tr></table>\n<div class=\"t s8_177\" id=\"t1k_177\" style=\"left:65px;bottom:697px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">For the purposes of the above table, non-current assets comprise goodwill and other intangible assets, property, plant and equipment, </div><div class=\"t s8_177\" id=\"t1l_177\" style=\"left:65px;bottom:681px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">right-of-use assets, investments in associates and joint ventures, non-current other receivables, non-current contract costs and non-current </div><div class=\"t s8_177\" id=\"t1m_177\" style=\"left:65px;bottom:666px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">contract assets. In addition to the United Kingdom, non-current assets relating to an individual country are separately disclosed when they </div><div class=\"t s8_177\" id=\"t1n_177\" style=\"left:65px;bottom:651px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">represent 10% or more of total non-current assets, as de</div>fined above.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeographicalAreasExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f28035": {
   "value": "3. Revenue <div class=\"t s2_177\" id=\"t1q_177\" style=\"left:65px;bottom:605px;word-spacing:-0.13px;display:inline;\">Disaggregation of revenue </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_177\" id=\"t1w_177\" style=\"left:651px;bottom:591px;letter-spacing:0.09px;display:inline;\">Greater </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_177\" id=\"t1s_177\" style=\"left:511px;bottom:580px;letter-spacing:0.11px;display:inline;\">Americas </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_177\" id=\"t1u_177\" style=\"left:586px;bottom:580px;letter-spacing:0.22px;display:inline;\">EMEAA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_177\" id=\"t1x_177\" style=\"left:659px;bottom:580px;letter-spacing:0.12px;display:inline;\">China </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_177\" id=\"t1z_177\" style=\"left:730px;bottom:580px;letter-spacing:0.1px;display:inline;\">Central </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_177\" id=\"t21_177\" style=\"left:813px;bottom:580px;letter-spacing:0.12px;display:inline;\">Group </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_177\" id=\"t1r_177\" style=\"left:65px;bottom:569px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">Year ended 31 December 2023 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_177\" id=\"t1t_177\" style=\"left:539px;bottom:569px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_177\" id=\"t1v_177\" style=\"left:605px;bottom:569px;letter-spacing:0.19px;display:inline;\">$m </div></td><td class=\"tcs-selection-enabled tcs-selected\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_177\" id=\"t1y_177\" style=\"left:671px;bottom:569px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_177\" id=\"t20_177\" style=\"left:749px;bottom:569px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_177\" id=\"t22_177\" style=\"left:827px;bottom:569px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t23_177\" style=\"left:65px;bottom:552px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Franchise and base management fees </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t24_177\" style=\"left:532px;bottom:552px;letter-spacing:-0.22px;display:inline;\">936 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t25_177\" style=\"left:599px;bottom:552px;letter-spacing:-0.14px;display:inline;\">253 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t26_177\" style=\"left:669px;bottom:552px;letter-spacing:-0.24px;display:inline;\">115 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t27_177\" style=\"left:757px;bottom:552px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t28_177\" style=\"left:812px;bottom:552px;letter-spacing:-0.21px;display:inline;\">1,304 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t29_177\" style=\"left:65px;bottom:533px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Incentive management fees </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2a_177\" style=\"left:542px;bottom:533px;letter-spacing:-0.15px;display:inline;\">21 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2b_177\" style=\"left:602px;bottom:533px;letter-spacing:-0.19px;display:inline;\">101 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2c_177\" style=\"left:671px;bottom:533px;letter-spacing:-0.17px;display:inline;\">46 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2d_177\" style=\"left:757px;bottom:533px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2e_177\" style=\"left:823px;bottom:533px;letter-spacing:-0.19px;display:inline;\">168 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t2f_177\" style=\"left:65px;bottom:514px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Central revenue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2g_177\" style=\"left:547px;bottom:514px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2h_177\" style=\"left:613px;bottom:514px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2i_177\" style=\"left:679px;bottom:514px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2j_177\" style=\"left:741px;bottom:514px;letter-spacing:-0.18px;display:inline;\">200 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2k_177\" style=\"left:819px;bottom:514px;letter-spacing:-0.18px;display:inline;\">200 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t2l_177\" style=\"left:65px;bottom:496px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Revenue from fee business </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2m_177\" style=\"left:534px;bottom:496px;letter-spacing:-0.24px;display:inline;\">957 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2n_177\" style=\"left:599px;bottom:496px;letter-spacing:-0.14px;display:inline;\">354 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2o_177\" style=\"left:669px;bottom:496px;letter-spacing:-0.19px;display:inline;\">161 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2p_177\" style=\"left:741px;bottom:496px;letter-spacing:-0.18px;display:inline;\">200 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2q_177\" style=\"left:814px;bottom:496px;letter-spacing:-0.27px;display:inline;\">1,672 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t2r_177\" style=\"left:65px;bottom:477px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Revenue from owned, leased and managed lease hotels </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2s_177\" style=\"left:535px;bottom:477px;letter-spacing:-0.24px;display:inline;\">148 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2t_177\" style=\"left:599px;bottom:477px;letter-spacing:-0.24px;display:inline;\">323 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2u_177\" style=\"left:679px;bottom:477px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2v_177\" style=\"left:757px;bottom:477px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2w_177\" style=\"left:824px;bottom:477px;letter-spacing:-0.32px;display:inline;\">471 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t2x_177\" style=\"left:65px;bottom:459px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Revenue from insurance activities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2y_177\" style=\"left:547px;bottom:459px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t2z_177\" style=\"left:613px;bottom:459px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t30_177\" style=\"left:679px;bottom:459px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t31_177\" style=\"left:752px;bottom:459px;letter-spacing:-0.15px;display:inline;\">21 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t32_177\" style=\"left:830px;bottom:459px;letter-spacing:-0.15px;display:inline;\">21 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t33_177\" style=\"left:527px;bottom:440px;letter-spacing:-0.31px;display:inline;\">1,105 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t34_177\" style=\"left:600px;bottom:440px;letter-spacing:-0.1px;display:inline;\">677 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t35_177\" style=\"left:669px;bottom:440px;letter-spacing:-0.19px;display:inline;\">161 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t36_177\" style=\"left:746px;bottom:440px;letter-spacing:-0.09px;display:inline;\">221 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t37_177\" style=\"left:813px;bottom:440px;letter-spacing:-0.26px;display:inline;\">2,164 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t38_177\" style=\"left:65px;bottom:422px;letter-spacing:-0.29px;word-spacing:-0.07px;display:inline;\">System Fund revenues (note 32) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t39_177\" style=\"left:813px;bottom:422px;letter-spacing:-0.19px;display:inline;\">1,564 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t3a_177\" style=\"left:65px;bottom:403px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">Reimbursable revenues (note 32) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t3b_177\" style=\"left:820px;bottom:403px;letter-spacing:-0.16px;display:inline;\">896 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t3c_177\" style=\"left:65px;bottom:385px;letter-spacing:-0.3px;word-spacing:-0.07px;display:inline;\">Total revenue </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_177\" id=\"t3d_177\" style=\"left:811px;bottom:385px;letter-spacing:-0.25px;display:inline;\">4,624 </div></td></tr></table><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_177\" id=\"t3j_177\" style=\"left:653px;bottom:364px;letter-spacing:0.05px;display:inline;\">Greater </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_177\" id=\"t3m_177\" style=\"left:732px;bottom:364px;letter-spacing:0.07px;display:inline;\">Central </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_177\" id=\"t3q_177\" style=\"left:814px;bottom:364px;letter-spacing:0.08px;display:inline;\">Group </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_177\" id=\"t3f_177\" style=\"left:513px;bottom:353px;letter-spacing:0.1px;display:inline;\">Americas </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_177\" id=\"t3h_177\" style=\"left:588px;bottom:353px;letter-spacing:0.25px;display:inline;\">EMEAA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_177\" id=\"t3k_177\" style=\"left:660px;bottom:353px;letter-spacing:0.09px;display:inline;\">China </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s5_177\" id=\"t3n_177\" style=\"left:706px;bottom:353px;letter-spacing:0.1px;display:inline;\">Re-presented </div><div class=\"t sa_177\" id=\"t3o_177\" style=\"vertical-align: super;left:764px;bottom:359px;display:inline;\">a </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s5_177\" id=\"t3r_177\" style=\"left:784px;bottom:353px;letter-spacing:0.1px;display:inline;\">Re-presented </div><div class=\"t sa_177\" id=\"t3s_177\" style=\"vertical-align: super;left:842px;bottom:359px;display:inline;\">a </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_177\" id=\"t3e_177\" style=\"left:65px;bottom:342px;letter-spacing:0.08px;word-spacing:-0.17px;display:inline;\">Year ended 31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_177\" id=\"t3g_177\" style=\"left:539px;bottom:342px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_177\" id=\"t3i_177\" style=\"left:605px;bottom:342px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_177\" id=\"t3l_177\" style=\"left:671px;bottom:342px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_177\" id=\"t3p_177\" style=\"left:749px;bottom:342px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_177\" id=\"t3t_177\" style=\"left:827px;bottom:342px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t3u_177\" style=\"left:65px;bottom:325px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Franchise and base management fees </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t3v_177\" style=\"left:536px;bottom:325px;letter-spacing:-0.11px;display:inline;\">861 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t3w_177\" style=\"left:603px;bottom:325px;letter-spacing:-0.11px;display:inline;\">215 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t3x_177\" style=\"left:675px;bottom:325px;letter-spacing:-0.01px;display:inline;\">71 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t3y_177\" style=\"left:758px;bottom:325px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t3z_177\" style=\"left:819px;bottom:325px;letter-spacing:-0.41px;display:inline;\">1,147 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t40_177\" style=\"left:65px;bottom:306px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Incentive management fees </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t41_177\" style=\"left:543px;bottom:306px;letter-spacing:-0.23px;display:inline;\">18 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t42_177\" style=\"left:606px;bottom:306px;letter-spacing:-0.1px;display:inline;\">69 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t43_177\" style=\"left:674px;bottom:306px;letter-spacing:-0.2px;display:inline;\">16 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t44_177\" style=\"left:758px;bottom:306px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t45_177\" style=\"left:823px;bottom:306px;letter-spacing:-0.18px;display:inline;\">103 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t46_177\" style=\"left:65px;bottom:288px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Central revenue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t47_177\" style=\"left:548px;bottom:288px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t48_177\" style=\"left:614px;bottom:288px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t49_177\" style=\"left:680px;bottom:288px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4a_177\" style=\"left:746px;bottom:288px;letter-spacing:-0.15px;display:inline;\">184 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4b_177\" style=\"left:824px;bottom:288px;letter-spacing:-0.15px;display:inline;\">184 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4c_177\" style=\"left:65px;bottom:268px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Revenue from fee business </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4d_177\" style=\"left:535px;bottom:268px;letter-spacing:-0.27px;display:inline;\">879 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4e_177\" style=\"left:600px;bottom:268px;letter-spacing:-0.18px;display:inline;\">284 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4f_177\" style=\"left:673px;bottom:268px;letter-spacing:-0.29px;display:inline;\">87 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4g_177\" style=\"left:746px;bottom:268px;letter-spacing:-0.15px;display:inline;\">184 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4h_177\" style=\"left:814px;bottom:268px;letter-spacing:-0.14px;display:inline;\">1,434 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4i_177\" style=\"left:65px;bottom:249px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Revenue from owned, leased and managed lease hotels </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4j_177\" style=\"left:537px;bottom:249px;letter-spacing:-0.26px;display:inline;\">126 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4k_177\" style=\"left:600px;bottom:249px;letter-spacing:-0.19px;display:inline;\">268 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4l_177\" style=\"left:680px;bottom:249px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4m_177\" style=\"left:758px;bottom:249px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4n_177\" style=\"left:821px;bottom:249px;letter-spacing:-0.16px;display:inline;\">394 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4o_177\" style=\"left:65px;bottom:231px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Revenue from insurance activities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4p_177\" style=\"left:548px;bottom:231px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4q_177\" style=\"left:614px;bottom:231px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4r_177\" style=\"left:680px;bottom:231px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4s_177\" style=\"left:753px;bottom:231px;letter-spacing:-0.17px;display:inline;\">15 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4t_177\" style=\"left:831px;bottom:231px;letter-spacing:-0.17px;display:inline;\">15 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4u_177\" style=\"left:525px;bottom:212px;letter-spacing:-0.21px;display:inline;\">1,005 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4v_177\" style=\"left:601px;bottom:212px;letter-spacing:-0.26px;display:inline;\">552 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4w_177\" style=\"left:673px;bottom:212px;letter-spacing:-0.29px;display:inline;\">87 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4x_177\" style=\"left:746px;bottom:212px;letter-spacing:-0.14px;display:inline;\">199 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4y_177\" style=\"left:814px;bottom:212px;letter-spacing:-0.13px;display:inline;\">1,843 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t4z_177\" style=\"left:65px;bottom:194px;letter-spacing:-0.29px;word-spacing:-0.07px;display:inline;\">System Fund revenues (note 32) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t50_177\" style=\"left:818px;bottom:194px;letter-spacing:-0.16px;display:inline;\">1,217 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t51_177\" style=\"left:65px;bottom:175px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">Reimbursable revenues (note 32) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t52_177\" style=\"left:822px;bottom:175px;letter-spacing:-0.16px;display:inline;\">832 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_177\" id=\"t53_177\" style=\"left:65px;bottom:157px;letter-spacing:-0.3px;word-spacing:-0.07px;display:inline;\">Total revenue </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_177\" id=\"t54_177\" style=\"left:813px;bottom:157px;letter-spacing:-0.17px;display:inline;\">3,892 </div></td></tr></table>\n<div class=\"t sc_177\" id=\"t55_177\" style=\"left:65px;bottom:133px;display:inline;\">a </div><div class=\"t s5_177\" id=\"t56_177\" style=\"left:74px;bottom:129px;letter-spacing:0.04px;word-spacing:-0.15px;display:inline;\">Re-presented for the adoption of IFRS 17 \u2018Insurance Contracts\u2019 (see New accounting standards and other presentational changes). </div><div class=\"t sd_177\" id=\"t57_177\" style=\"left:65px;bottom:31px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\"></div><div class=\"t m0_177 se_177\" id=\"t58_177\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"></div><div class=\"t sd_177\" id=\"t59_177\" style=\"left:826px;bottom:31px;letter-spacing:-0.03px;display:inline;\"></div><div></div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_178\" id=\"t8_178\" style=\"left:653px;bottom:1101px;letter-spacing:0.05px;display:inline;\">Greater </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_178\" id=\"tb_178\" style=\"left:732px;bottom:1101px;letter-spacing:0.07px;display:inline;\">Central </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_178\" id=\"tf_178\" style=\"left:814px;bottom:1101px;letter-spacing:0.08px;display:inline;\">Group </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_178\" id=\"t4_178\" style=\"left:513px;bottom:1090px;letter-spacing:0.1px;display:inline;\">Americas </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_178\" id=\"t6_178\" style=\"left:588px;bottom:1090px;letter-spacing:0.25px;display:inline;\">EMEAA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_178\" id=\"t9_178\" style=\"left:660px;bottom:1090px;letter-spacing:0.09px;display:inline;\">China </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s3_178\" id=\"tc_178\" style=\"left:706px;bottom:1090px;letter-spacing:0.1px;display:inline;\">Re-presented </div><div class=\"t s4_178\" id=\"td_178\" style=\"vertical-align: super;left:764px;bottom:1096px;display:inline;\">a </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s3_178\" id=\"tg_178\" style=\"left:784px;bottom:1090px;letter-spacing:0.1px;display:inline;\">Re-presented </div><div class=\"t s4_178\" id=\"th_178\" style=\"vertical-align: super;left:842px;bottom:1096px;display:inline;\">a </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_178\" id=\"t3_178\" style=\"left:65px;bottom:1079px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">Year ended 31 December 2021 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_178\" id=\"t5_178\" style=\"left:539px;bottom:1079px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_178\" id=\"t7_178\" style=\"left:605px;bottom:1079px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_178\" id=\"ta_178\" style=\"left:671px;bottom:1079px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_178\" id=\"te_178\" style=\"left:749px;bottom:1079px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_178\" id=\"ti_178\" style=\"left:827px;bottom:1079px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"tj_178\" style=\"left:65px;bottom:1062px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Franchise and base management fees </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"tk_178\" style=\"left:533px;bottom:1062px;letter-spacing:-0.1px;display:inline;\">683 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"tl_178\" style=\"left:602px;bottom:1062px;letter-spacing:-0.26px;display:inline;\">120 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"tm_178\" style=\"left:674px;bottom:1062px;letter-spacing:-0.07px;display:inline;\">91 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"tn_178\" style=\"left:758px;bottom:1062px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"to_178\" style=\"left:821px;bottom:1062px;letter-spacing:-0.16px;display:inline;\">894 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"tp_178\" style=\"left:65px;bottom:1043px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Incentive management fees </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"tq_178\" style=\"left:547px;bottom:1043px;display:inline;\">8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"tr_178\" style=\"left:607px;bottom:1043px;letter-spacing:-0.17px;display:inline;\">29 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"ts_178\" style=\"left:673px;bottom:1043px;letter-spacing:-0.21px;display:inline;\">25 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"tt_178\" style=\"left:758px;bottom:1043px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"tu_178\" style=\"left:829px;bottom:1043px;letter-spacing:-0.21px;display:inline;\">62 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"tv_178\" style=\"left:65px;bottom:1025px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Central revenue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"tw_178\" style=\"left:548px;bottom:1025px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"tx_178\" style=\"left:614px;bottom:1025px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"ty_178\" style=\"left:680px;bottom:1025px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"tz_178\" style=\"left:746px;bottom:1025px;letter-spacing:-0.17px;display:inline;\">188 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t10_178\" style=\"left:824px;bottom:1025px;letter-spacing:-0.17px;display:inline;\">188 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t11_178\" style=\"left:65px;bottom:1006px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Revenue from fee business </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t12_178\" style=\"left:536px;bottom:1006px;letter-spacing:-0.08px;display:inline;\">691 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t13_178\" style=\"left:602px;bottom:1006px;letter-spacing:-0.22px;display:inline;\">149 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t14_178\" style=\"left:670px;bottom:1006px;letter-spacing:-0.25px;display:inline;\">116 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t15_178\" style=\"left:746px;bottom:1006px;letter-spacing:-0.17px;display:inline;\">188 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t16_178\" style=\"left:817px;bottom:1006px;letter-spacing:-0.3px;display:inline;\">1,144 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t17_178\" style=\"left:65px;bottom:988px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Revenue from owned, leased and managed lease hotels </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t18_178\" style=\"left:540px;bottom:988px;letter-spacing:-0.09px;display:inline;\">83 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t19_178\" style=\"left:602px;bottom:988px;letter-spacing:-0.14px;display:inline;\">154 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t1a_178\" style=\"left:680px;bottom:988px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t1b_178\" style=\"left:758px;bottom:988px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t1c_178\" style=\"left:823px;bottom:988px;letter-spacing:-0.26px;display:inline;\">237 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t1d_178\" style=\"left:65px;bottom:969px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Revenue from insurance activities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t1e_178\" style=\"left:548px;bottom:969px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t1f_178\" style=\"left:614px;bottom:969px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t1g_178\" style=\"left:680px;bottom:969px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t1h_178\" style=\"left:757px;bottom:969px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t1i_178\" style=\"left:835px;bottom:969px;display:inline;\">9 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t1j_178\" style=\"left:536px;bottom:951px;letter-spacing:-0.32px;display:inline;\">774 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t1k_178\" style=\"left:599px;bottom:951px;letter-spacing:-0.16px;display:inline;\">303 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t1l_178\" style=\"left:670px;bottom:951px;letter-spacing:-0.25px;display:inline;\">116 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t1m_178\" style=\"left:747px;bottom:951px;letter-spacing:-0.25px;display:inline;\">197 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t1n_178\" style=\"left:813px;bottom:951px;letter-spacing:-0.15px;display:inline;\">1,390 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t1o_178\" style=\"left:65px;bottom:932px;letter-spacing:-0.29px;word-spacing:-0.07px;display:inline;\">System Fund revenues (note 32) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t1p_178\" style=\"left:822px;bottom:932px;letter-spacing:-0.22px;display:inline;\">928 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t1q_178\" style=\"left:65px;bottom:914px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">Reimbursable revenues (note 32) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t1r_178\" style=\"left:822px;bottom:914px;letter-spacing:-0.15px;display:inline;\">589 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_178\" id=\"t1s_178\" style=\"left:65px;bottom:895px;letter-spacing:-0.3px;word-spacing:-0.07px;display:inline;\">Total revenue </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t1t_178\" style=\"left:813px;bottom:895px;letter-spacing:-0.21px;display:inline;\">2,907 </div></td></tr></table>\n<div class=\"t s7_178\" id=\"t1u_178\" style=\"left:65px;bottom:872px;display:inline;\">a </div><div class=\"t s3_178\" id=\"t1v_178\" style=\"left:74px;bottom:868px;letter-spacing:0.04px;word-spacing:-0.15px;display:inline;\">Re-presented for the adoption of IFRS 17 \u2018Insurance Contracts\u2019 (see New accounting standards and other presentational changes). </div><div class=\"t s8_178\" id=\"t1w_178\" style=\"left:65px;bottom:836px;letter-spacing:0.04px;word-spacing:-0.17px;display:inline;\">Contract balances </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_178\" id=\"t1x_178\" style=\"left:752px;bottom:822px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_178\" id=\"t1z_178\" style=\"left:819px;bottom:822px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_178\" id=\"t1y_178\" style=\"left:761px;bottom:811px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_178\" id=\"t20_178\" style=\"left:827px;bottom:811px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t21_178\" style=\"left:65px;bottom:794px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">Trade receivables (note 17) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t22_178\" style=\"left:754px;bottom:794px;letter-spacing:-0.22px;display:inline;\">580 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t23_178\" style=\"left:821px;bottom:794px;letter-spacing:-0.13px;display:inline;\">493 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t24_178\" style=\"left:65px;bottom:777px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">Contract assets </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t25_178\" style=\"left:754px;bottom:777px;letter-spacing:-0.17px;display:inline;\">459 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t26_178\" style=\"left:823px;bottom:777px;letter-spacing:-0.17px;display:inline;\">367 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t27_178\" style=\"left:65px;bottom:759px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">Deferred revenue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t28_178\" style=\"left:743px;bottom:759px;letter-spacing:-0.24px;display:inline;\">(1,848) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t29_178\" style=\"left:813px;bottom:759px;letter-spacing:-0.34px;display:inline;\">(1,724) </div></td></tr></table>\n<div class=\"t s8_178\" id=\"t2a_178\" style=\"left:65px;bottom:727px;letter-spacing:0.04px;word-spacing:-0.17px;display:inline;\">Contract assets </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_178\" id=\"t2b_178\" style=\"left:752px;bottom:713px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_178\" id=\"t2d_178\" style=\"left:819px;bottom:713px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_178\" id=\"t2c_178\" style=\"left:761px;bottom:702px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_178\" id=\"t2e_178\" style=\"left:827px;bottom:702px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2f_178\" style=\"left:65px;bottom:685px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">At 1 January </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t2g_178\" style=\"left:755px;bottom:685px;letter-spacing:-0.22px;display:inline;\">367 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2h_178\" style=\"left:821px;bottom:685px;letter-spacing:-0.1px;display:inline;\">346 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2i_178\" style=\"left:65px;bottom:668px;letter-spacing:-0.23px;display:inline;\">Additions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t2j_178\" style=\"left:757px;bottom:668px;letter-spacing:-0.18px;display:inline;\">129 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2k_178\" style=\"left:829px;bottom:668px;letter-spacing:-0.41px;display:inline;\">70 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2l_178\" style=\"left:65px;bottom:650px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Recognised as a deduction to revenue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t2m_178\" style=\"left:759px;bottom:650px;letter-spacing:-0.23px;display:inline;\">(37) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2n_178\" style=\"left:826px;bottom:650px;letter-spacing:-0.33px;display:inline;\">(32) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2o_178\" style=\"left:65px;bottom:633px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Impairment charges (note 6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t2p_178\" style=\"left:769px;bottom:633px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2q_178\" style=\"left:832px;bottom:633px;letter-spacing:-0.29px;display:inline;\">(5) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2r_178\" style=\"left:65px;bottom:615px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Impairment reversals (note 6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t2s_178\" style=\"left:769px;bottom:615px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2t_178\" style=\"left:835px;bottom:615px;display:inline;\">3 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2u_178\" style=\"left:65px;bottom:598px;letter-spacing:-0.25px;display:inline;\">Repayments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t2v_178\" style=\"left:765px;bottom:598px;letter-spacing:-0.06px;display:inline;\">(7) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2w_178\" style=\"left:832px;bottom:598px;letter-spacing:-0.4px;display:inline;\">(3) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2x_178\" style=\"left:65px;bottom:580px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t2y_178\" style=\"left:769px;bottom:580px;display:inline;\">7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2z_178\" style=\"left:828px;bottom:580px;letter-spacing:-0.3px;display:inline;\">(12) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t30_178\" style=\"left:65px;bottom:563px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t31_178\" style=\"left:754px;bottom:563px;letter-spacing:-0.17px;display:inline;\">459 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t32_178\" style=\"left:823px;bottom:563px;letter-spacing:-0.17px;display:inline;\">367 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t33_178\" style=\"left:65px;bottom:528px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Analysed as: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t34_178\" style=\"left:73px;bottom:511px;letter-spacing:-0.25px;display:inline;\">Current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t35_178\" style=\"left:761px;bottom:511px;letter-spacing:-0.14px;display:inline;\">35 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t36_178\" style=\"left:831px;bottom:511px;letter-spacing:-0.16px;display:inline;\">31 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t37_178\" style=\"left:73px;bottom:493px;letter-spacing:-0.19px;display:inline;\">Non-current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t38_178\" style=\"left:755px;bottom:493px;letter-spacing:-0.26px;display:inline;\">424 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t39_178\" style=\"left:822px;bottom:493px;letter-spacing:-0.12px;display:inline;\">336 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t3a_178\" style=\"left:754px;bottom:476px;letter-spacing:-0.17px;display:inline;\">459 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t3b_178\" style=\"left:823px;bottom:476px;letter-spacing:-0.17px;display:inline;\">367 </div></td></tr></table>\n<div class=\"t sb_178\" id=\"t3c_178\" style=\"left:65px;bottom:443px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">The Group also has future commitments for key money payments which are contingent upon future events and may reverse. </div><div class=\"t sb_178\" id=\"t3d_178\" style=\"left:65px;bottom:420px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">At 31 December 2023, the maximum exposure remaining under performance guarantees was $80m (2022: $75m). </div><div class=\"t s8_178\" id=\"t3e_178\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t sc_178\" id=\"t3f_178\" style=\"left:65px;bottom:31px;letter-spacing:-0.19px;display:inline;\"></div><div></div><div class=\"t s2_179\" id=\"t3_179\" style=\"left:65px;bottom:1100px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">Deferred revenue </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"t7_179\" style=\"left:617px;bottom:1086px;letter-spacing:0.13px;display:inline;\">Other </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"tb_179\" style=\"left:649px;bottom:1086px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">Application &amp; </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"t4_179\" style=\"left:544px;bottom:1075px;letter-spacing:0.02px;display:inline;\">Loyalty </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"t8_179\" style=\"left:602px;bottom:1075px;letter-spacing:0.14px;display:inline;\">co-brand </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"tc_179\" style=\"left:656px;bottom:1075px;letter-spacing:0.11px;display:inline;\">re-licensing </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"t5_179\" style=\"left:524px;bottom:1064px;letter-spacing:0.12px;display:inline;\">programme </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"t9_179\" style=\"left:624px;bottom:1064px;letter-spacing:0.12px;display:inline;\">fees </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"td_179\" style=\"left:690px;bottom:1064px;letter-spacing:0.12px;display:inline;\">fees </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"tf_179\" style=\"left:749px;bottom:1064px;letter-spacing:0.13px;display:inline;\">Other </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"th_179\" style=\"left:819px;bottom:1064px;letter-spacing:-0.08px;display:inline;\">Total </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"t6_179\" style=\"left:562px;bottom:1054px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"ta_179\" style=\"left:628px;bottom:1054px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"te_179\" style=\"left:694px;bottom:1054px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"tg_179\" style=\"left:760px;bottom:1054px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"ti_179\" style=\"left:826px;bottom:1054px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tj_179\" style=\"left:65px;bottom:1036px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">At 1 January 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tk_179\" style=\"left:551px;bottom:1036px;letter-spacing:-0.15px;display:inline;\">1,292 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tl_179\" style=\"left:629px;bottom:1036px;letter-spacing:0.01px;display:inline;\">44 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tm_179\" style=\"left:691px;bottom:1036px;letter-spacing:-0.13px;display:inline;\">163 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tn_179\" style=\"left:760px;bottom:1036px;letter-spacing:-0.34px;display:inline;\">114 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"to_179\" style=\"left:817px;bottom:1036px;letter-spacing:-0.22px;display:inline;\">1,613 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tp_179\" style=\"left:65px;bottom:1018px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Increase in deferred revenue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tq_179\" style=\"left:558px;bottom:1018px;letter-spacing:-0.17px;display:inline;\">532 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tr_179\" style=\"left:637px;bottom:1018px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"ts_179\" style=\"left:697px;bottom:1018px;letter-spacing:-0.16px;display:inline;\">27 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tt_179\" style=\"left:761px;bottom:1018px;letter-spacing:0.01px;display:inline;\">44 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tu_179\" style=\"left:820px;bottom:1018px;letter-spacing:-0.15px;display:inline;\">603 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tv_179\" style=\"left:65px;bottom:1001px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Recognised as revenue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tw_179\" style=\"left:557px;bottom:1001px;letter-spacing:-0.38px;display:inline;\">(413) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tx_179\" style=\"left:631px;bottom:1001px;letter-spacing:-0.33px;display:inline;\">(11) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"ty_179\" style=\"left:693px;bottom:1001px;letter-spacing:-0.26px;display:inline;\">(23) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tz_179\" style=\"left:758px;bottom:1001px;letter-spacing:-0.32px;display:inline;\">(44) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t10_179\" style=\"left:820px;bottom:1001px;letter-spacing:-0.27px;display:inline;\">(491) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t11_179\" style=\"left:65px;bottom:984px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t12_179\" style=\"left:571px;bottom:984px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t13_179\" style=\"left:637px;bottom:984px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t14_179\" style=\"left:703px;bottom:984px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t15_179\" style=\"left:767px;bottom:984px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t16_179\" style=\"left:833px;bottom:984px;letter-spacing:-0.35px;display:inline;\">(1) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t17_179\" style=\"left:65px;bottom:966px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t18_179\" style=\"left:555px;bottom:966px;letter-spacing:-0.28px;display:inline;\">1,411 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t19_179\" style=\"left:630px;bottom:966px;letter-spacing:-0.11px;display:inline;\">33 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t1a_179\" style=\"left:692px;bottom:966px;letter-spacing:-0.2px;display:inline;\">167 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t1b_179\" style=\"left:760px;bottom:966px;letter-spacing:-0.28px;display:inline;\">113 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t1c_179\" style=\"left:816px;bottom:966px;letter-spacing:-0.34px;display:inline;\">1,724 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t1d_179\" style=\"left:65px;bottom:948px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Increase in deferred revenue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1e_179\" style=\"left:557px;bottom:948px;letter-spacing:-0.26px;display:inline;\">672 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1f_179\" style=\"left:637px;bottom:948px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1g_179\" style=\"left:696px;bottom:948px;letter-spacing:-0.17px;display:inline;\">27 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1h_179\" style=\"left:761px;bottom:948px;letter-spacing:-0.15px;display:inline;\">63 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1i_179\" style=\"left:822px;bottom:948px;letter-spacing:-0.35px;display:inline;\">762 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t1j_179\" style=\"left:65px;bottom:930px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Recognised as revenue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1k_179\" style=\"left:553px;bottom:930px;letter-spacing:-0.27px;display:inline;\">(554) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1l_179\" style=\"left:630px;bottom:930px;letter-spacing:-0.36px;display:inline;\">(11) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1m_179\" style=\"left:692px;bottom:930px;letter-spacing:-0.28px;display:inline;\">(23) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1n_179\" style=\"left:757px;bottom:930px;letter-spacing:-0.35px;display:inline;\">(48) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1o_179\" style=\"left:816px;bottom:930px;letter-spacing:-0.29px;display:inline;\">(636) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t1p_179\" style=\"left:65px;bottom:913px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1q_179\" style=\"left:571px;bottom:913px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1r_179\" style=\"left:637px;bottom:913px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1s_179\" style=\"left:703px;bottom:913px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1t_179\" style=\"left:765px;bottom:913px;letter-spacing:-0.29px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1u_179\" style=\"left:831px;bottom:913px;letter-spacing:-0.29px;display:inline;\">(2) </div></td></tr><tr><td class=\"tcs-selection-enabled tcs-selected\" colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1v_179\" style=\"left:65px;bottom:895px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1w_179\" style=\"left:549px;bottom:895px;letter-spacing:-0.22px;display:inline;\">1,529 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1x_179\" style=\"left:629px;bottom:895px;letter-spacing:-0.04px;display:inline;\">22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1y_179\" style=\"left:693px;bottom:895px;letter-spacing:-0.23px;display:inline;\">171 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1z_179\" style=\"left:757px;bottom:895px;letter-spacing:-0.22px;display:inline;\">126 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t20_179\" style=\"left:812px;bottom:895px;letter-spacing:-0.17px;display:inline;\">1,848 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t21_179\" style=\"left:65px;bottom:858px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Analysed as: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t22_179\" style=\"left:73px;bottom:841px;letter-spacing:-0.25px;display:inline;\">Current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t23_179\" style=\"left:555px;bottom:841px;letter-spacing:-0.15px;display:inline;\">649 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t24_179\" style=\"left:633px;bottom:841px;letter-spacing:-0.3px;display:inline;\">11 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t25_179\" style=\"left:696px;bottom:841px;letter-spacing:-0.04px;display:inline;\">22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t26_179\" style=\"left:761px;bottom:841px;letter-spacing:-0.47px;display:inline;\">70 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t27_179\" style=\"left:822px;bottom:841px;letter-spacing:-0.29px;display:inline;\">752 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t28_179\" style=\"left:73px;bottom:823px;letter-spacing:-0.19px;display:inline;\">Non-current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t29_179\" style=\"left:555px;bottom:823px;letter-spacing:-0.2px;display:inline;\">880 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t2a_179\" style=\"left:633px;bottom:823px;letter-spacing:-0.3px;display:inline;\">11 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t2b_179\" style=\"left:690px;bottom:823px;letter-spacing:-0.26px;display:inline;\">149 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t2c_179\" style=\"left:761px;bottom:823px;letter-spacing:-0.23px;display:inline;\">56 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t2d_179\" style=\"left:811px;bottom:823px;letter-spacing:-0.25px;display:inline;\">1,096 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t2e_179\" style=\"left:549px;bottom:804px;letter-spacing:-0.22px;display:inline;\">1,529 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t2f_179\" style=\"left:630px;bottom:804px;letter-spacing:-0.04px;display:inline;\">22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t2g_179\" style=\"left:693px;bottom:804px;letter-spacing:-0.23px;display:inline;\">171 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t2h_179\" style=\"left:757px;bottom:804px;letter-spacing:-0.22px;display:inline;\">126 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t2i_179\" style=\"left:812px;bottom:804px;letter-spacing:-0.17px;display:inline;\">1,848 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2j_179\" style=\"left:65px;bottom:769px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December 2022: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2k_179\" style=\"left:73px;bottom:751px;letter-spacing:-0.25px;display:inline;\">Current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2l_179\" style=\"left:557px;bottom:751px;letter-spacing:-0.14px;display:inline;\">584 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2m_179\" style=\"left:634px;bottom:751px;letter-spacing:-0.3px;display:inline;\">11 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2n_179\" style=\"left:696px;bottom:751px;letter-spacing:-0.24px;display:inline;\">23 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2o_179\" style=\"left:762px;bottom:751px;letter-spacing:-0.08px;display:inline;\">63 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2p_179\" style=\"left:823px;bottom:751px;letter-spacing:-0.13px;display:inline;\">681 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2q_179\" style=\"left:73px;bottom:734px;letter-spacing:-0.19px;display:inline;\">Non-current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2r_179\" style=\"left:559px;bottom:734px;letter-spacing:-0.2px;display:inline;\">827 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2s_179\" style=\"left:631px;bottom:734px;letter-spacing:0.03px;display:inline;\">22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2t_179\" style=\"left:691px;bottom:734px;letter-spacing:-0.17px;display:inline;\">144 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2u_179\" style=\"left:761px;bottom:734px;letter-spacing:-0.24px;display:inline;\">50 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2v_179\" style=\"left:813px;bottom:734px;letter-spacing:-0.21px;display:inline;\">1,043 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2w_179\" style=\"left:555px;bottom:715px;letter-spacing:-0.28px;display:inline;\">1,411 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2x_179\" style=\"left:630px;bottom:715px;letter-spacing:-0.11px;display:inline;\">33 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2y_179\" style=\"left:692px;bottom:715px;letter-spacing:-0.2px;display:inline;\">167 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2z_179\" style=\"left:760px;bottom:715px;letter-spacing:-0.28px;display:inline;\">113 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t30_179\" style=\"left:816px;bottom:715px;letter-spacing:-0.34px;display:inline;\">1,724 </div></td></tr></table>\n<div class=\"t s6_179\" id=\"t31_179\" style=\"left:65px;bottom:682px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">This table does not include amounts which were received and recognised as revenue in the same year. Amounts recognised as revenue </div><div class=\"t s6_179\" id=\"t32_179\" style=\"left:65px;bottom:666px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">were included in deferred revenue at the beginning of the year. </div><div class=\"t s6_179\" id=\"t33_179\" style=\"left:65px;bottom:644px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Loyalty programme revenues, shown gross in the table above, are presented net of the corresponding redemption cost in the Group </div><div class=\"t s6_179\" id=\"t34_179\" style=\"left:65px;bottom:628px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">income statement. </div><div class=\"t s6_179\" id=\"t35_179\" style=\"left:65px;bottom:605px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Other deferred revenue includes technical service fees and guest deposits received by owned, leased and managed lease hotels. </div><div class=\"t s2_179\" id=\"t36_179\" style=\"left:65px;bottom:582px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">Transaction price allocated to remaining performance obligations </div><div class=\"t s6_179\" id=\"t37_179\" style=\"left:65px;bottom:567px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The expected timing of recognition of amounts received and not yet recognised relating to performance obligations that were unsatis</div><div class=\"t s7_179\" id=\"t38_179\" style=\"left:809px;bottom:567px;letter-spacing:0.04px;display:inline;\">fied </div><div class=\"t s6_179\" id=\"t39_179\" style=\"left:65px;bottom:552px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">at the year end are as follows: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_179\" id=\"t3a_179\" style=\"left:620px;bottom:529px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_179\" id=\"t3b_179\" style=\"left:819px;bottom:529px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_179\" id=\"t3c_179\" style=\"left:461px;bottom:513px;letter-spacing:-0.06px;word-spacing:-0.14px;display:inline;\">Loyalty and </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_179\" id=\"t3j_179\" style=\"left:660px;bottom:513px;letter-spacing:0.02px;word-spacing:-0.13px;display:inline;\">Loyalty and </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_179\" id=\"t3d_179\" style=\"left:470px;bottom:502px;letter-spacing:0.14px;display:inline;\">co-brand </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_179\" id=\"t3f_179\" style=\"left:551px;bottom:502px;letter-spacing:0.13px;display:inline;\">Other </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_179\" id=\"t3h_179\" style=\"left:621px;bottom:502px;letter-spacing:-0.08px;display:inline;\">Total </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_179\" id=\"t3k_179\" style=\"left:669px;bottom:502px;letter-spacing:0.12px;display:inline;\">co-brand </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_179\" id=\"t3m_179\" style=\"left:750px;bottom:502px;letter-spacing:0.1px;display:inline;\">Other </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_179\" id=\"t3o_179\" style=\"left:820px;bottom:502px;letter-spacing:-0.08px;display:inline;\">Total </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_179\" id=\"t3e_179\" style=\"left:496px;bottom:491px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_179\" id=\"t3g_179\" style=\"left:562px;bottom:491px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_179\" id=\"t3i_179\" style=\"left:629px;bottom:491px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_179\" id=\"t3l_179\" style=\"left:695px;bottom:491px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_179\" id=\"t3n_179\" style=\"left:761px;bottom:491px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_179\" id=\"t3p_179\" style=\"left:827px;bottom:491px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t3q_179\" style=\"left:65px;bottom:473px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Less than one year </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t3r_179\" style=\"left:489px;bottom:473px;letter-spacing:-0.18px;display:inline;\">660 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t3s_179\" style=\"left:563px;bottom:473px;letter-spacing:-0.19px;display:inline;\">92 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t3t_179\" style=\"left:624px;bottom:473px;letter-spacing:-0.29px;display:inline;\">752 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t3u_179\" style=\"left:690px;bottom:473px;letter-spacing:-0.15px;display:inline;\">595 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t3v_179\" style=\"left:762px;bottom:473px;letter-spacing:-0.13px;display:inline;\">86 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t3w_179\" style=\"left:824px;bottom:473px;letter-spacing:-0.13px;display:inline;\">681 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t3x_179\" style=\"left:65px;bottom:455px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Between one and two years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t3y_179\" style=\"left:490px;bottom:455px;letter-spacing:-0.16px;display:inline;\">346 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t3z_179\" style=\"left:563px;bottom:455px;letter-spacing:-0.09px;display:inline;\">43 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t40_179\" style=\"left:622px;bottom:455px;letter-spacing:-0.17px;display:inline;\">389 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t41_179\" style=\"left:689px;bottom:455px;letter-spacing:-0.12px;display:inline;\">339 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t42_179\" style=\"left:762px;bottom:455px;letter-spacing:-0.1px;display:inline;\">46 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t43_179\" style=\"left:822px;bottom:455px;letter-spacing:-0.09px;display:inline;\">385 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t44_179\" style=\"left:65px;bottom:436px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Between two and three years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t45_179\" style=\"left:492px;bottom:436px;letter-spacing:-0.16px;display:inline;\">195 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t46_179\" style=\"left:564px;bottom:436px;letter-spacing:-0.27px;display:inline;\">32 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t47_179\" style=\"left:624px;bottom:436px;letter-spacing:-0.11px;display:inline;\">227 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t48_179\" style=\"left:692px;bottom:436px;letter-spacing:-0.14px;display:inline;\">199 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t49_179\" style=\"left:763px;bottom:436px;letter-spacing:-0.24px;display:inline;\">32 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t4a_179\" style=\"left:825px;bottom:436px;letter-spacing:-0.19px;display:inline;\">231 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t4b_179\" style=\"left:65px;bottom:418px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Between three and four years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t4c_179\" style=\"left:495px;bottom:418px;letter-spacing:-0.27px;display:inline;\">118 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t4d_179\" style=\"left:563px;bottom:418px;letter-spacing:-0.17px;display:inline;\">24 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t4e_179\" style=\"left:625px;bottom:418px;letter-spacing:-0.34px;display:inline;\">142 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t4f_179\" style=\"left:694px;bottom:418px;letter-spacing:-0.34px;display:inline;\">114 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t4g_179\" style=\"left:764px;bottom:418px;letter-spacing:-0.16px;display:inline;\">27 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t4h_179\" style=\"left:826px;bottom:418px;letter-spacing:-0.35px;display:inline;\">141 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t4i_179\" style=\"left:65px;bottom:399px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Between four and </div> <div class=\"t sa_179\" id=\"t4j_179\" style=\"left:155px;bottom:399px;letter-spacing:-0.22px;word-spacing:-0.12px;display:inline;\">five years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t4k_179\" style=\"left:498px;bottom:399px;letter-spacing:-0.38px;display:inline;\">73 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t4l_179\" style=\"left:563px;bottom:399px;letter-spacing:-0.2px;display:inline;\">20 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t4m_179\" style=\"left:629px;bottom:399px;letter-spacing:-0.23px;display:inline;\">93 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t4n_179\" style=\"left:696px;bottom:399px;letter-spacing:-0.41px;display:inline;\">70 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t4o_179\" style=\"left:763px;bottom:399px;letter-spacing:0.03px;display:inline;\">22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t4p_179\" style=\"left:829px;bottom:399px;letter-spacing:-0.15px;display:inline;\">92 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_179\" id=\"t4q_179\" style=\"left:65px;bottom:381px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">More than five years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t4r_179\" style=\"left:493px;bottom:381px;letter-spacing:-0.2px;display:inline;\">159 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t4s_179\" style=\"left:563px;bottom:381px;letter-spacing:-0.19px;display:inline;\">86 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t4t_179\" style=\"left:623px;bottom:381px;letter-spacing:-0.13px;display:inline;\">245 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t4u_179\" style=\"left:693px;bottom:381px;letter-spacing:-0.21px;display:inline;\">127 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t4v_179\" style=\"left:763px;bottom:381px;letter-spacing:-0.22px;display:inline;\">67 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t4w_179\" style=\"left:824px;bottom:381px;letter-spacing:-0.2px;display:inline;\">194 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t4x_179\" style=\"left:485px;bottom:362px;letter-spacing:-0.22px;display:inline;\">1,551 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t4y_179\" style=\"left:557px;bottom:362px;letter-spacing:-0.21px;display:inline;\">297 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t4z_179\" style=\"left:614px;bottom:362px;letter-spacing:-0.17px;display:inline;\">1,848 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t50_179\" style=\"left:682px;bottom:362px;letter-spacing:-0.11px;display:inline;\">1,444 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t51_179\" style=\"left:755px;bottom:362px;letter-spacing:-0.21px;display:inline;\">280 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t52_179\" style=\"left:817px;bottom:362px;letter-spacing:-0.34px;display:inline;\">1,724 </div></td></tr></table>\n<div class=\"t s2_179\" id=\"t53_179\" style=\"left:65px;bottom:329px;letter-spacing:0.03px;word-spacing:-0.16px;display:inline;\">Contract costs </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_179\" id=\"t54_179\" style=\"left:752px;bottom:314px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_179\" id=\"t56_179\" style=\"left:819px;bottom:314px;letter-spacing:0.17px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_179\" id=\"t55_179\" style=\"left:761px;bottom:304px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_179\" id=\"t57_179\" style=\"left:827px;bottom:304px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t58_179\" style=\"left:65px;bottom:286px;letter-spacing:-0.21px;word-spacing:-0.13px;display:inline;\">At 1 January </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t59_179\" style=\"left:760px;bottom:286px;letter-spacing:-0.23px;display:inline;\">80 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t5a_179\" style=\"left:830px;bottom:286px;letter-spacing:0.15px;display:inline;\">77 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t5b_179\" style=\"left:65px;bottom:267px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Costs incurred </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t5c_179\" style=\"left:764px;bottom:267px;letter-spacing:-0.18px;display:inline;\">15 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t5d_179\" style=\"left:831px;bottom:267px;letter-spacing:-0.25px;display:inline;\">13 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t5e_179\" style=\"left:65px;bottom:249px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Charged to income statement </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t5f_179\" style=\"left:765px;bottom:249px;letter-spacing:-0.41px;display:inline;\">(8) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t5g_179\" style=\"left:832px;bottom:249px;letter-spacing:-0.37px;display:inline;\">(8) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t5h_179\" style=\"left:65px;bottom:230px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t5i_179\" style=\"left:769px;bottom:230px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t5j_179\" style=\"left:832px;bottom:230px;letter-spacing:-0.26px;display:inline;\">(2) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t5k_179\" style=\"left:65px;bottom:212px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t5l_179\" style=\"left:762px;bottom:212px;letter-spacing:-0.26px;display:inline;\">87 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t5m_179\" style=\"left:827px;bottom:212px;letter-spacing:-0.14px;display:inline;\">80 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t5n_179\" style=\"left:65px;bottom:175px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Analysed as: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t5o_179\" style=\"left:73px;bottom:156px;letter-spacing:-0.25px;display:inline;\">Current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t5p_179\" style=\"left:768px;bottom:156px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t5q_179\" style=\"left:835px;bottom:156px;display:inline;\">5 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t5r_179\" style=\"left:73px;bottom:138px;letter-spacing:-0.19px;display:inline;\">Non-current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t5s_179\" style=\"left:762px;bottom:138px;letter-spacing:-0.25px;display:inline;\">82 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t5t_179\" style=\"left:829px;bottom:138px;letter-spacing:-0.13px;display:inline;\">75 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t5u_179\" style=\"left:762px;bottom:119px;letter-spacing:-0.26px;display:inline;\">87 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t5v_179\" style=\"left:827px;bottom:119px;letter-spacing:-0.14px;display:inline;\">80 </div></td></tr></table>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f28565": {
   "value": "Contract assets <table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_178\" id=\"t2b_178\" style=\"left:752px;bottom:713px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_178\" id=\"t2d_178\" style=\"left:819px;bottom:713px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_178\" id=\"t2c_178\" style=\"left:761px;bottom:702px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_178\" id=\"t2e_178\" style=\"left:827px;bottom:702px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2f_178\" style=\"left:65px;bottom:685px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">At 1 January </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t2g_178\" style=\"left:755px;bottom:685px;letter-spacing:-0.22px;display:inline;\">367 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2h_178\" style=\"left:821px;bottom:685px;letter-spacing:-0.1px;display:inline;\">346 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2i_178\" style=\"left:65px;bottom:668px;letter-spacing:-0.23px;display:inline;\">Additions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t2j_178\" style=\"left:757px;bottom:668px;letter-spacing:-0.18px;display:inline;\">129 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2k_178\" style=\"left:829px;bottom:668px;letter-spacing:-0.41px;display:inline;\">70 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2l_178\" style=\"left:65px;bottom:650px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Recognised as a deduction to revenue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t2m_178\" style=\"left:759px;bottom:650px;letter-spacing:-0.23px;display:inline;\">(37) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2n_178\" style=\"left:826px;bottom:650px;letter-spacing:-0.33px;display:inline;\">(32) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2o_178\" style=\"left:65px;bottom:633px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Impairment charges (note 6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t2p_178\" style=\"left:769px;bottom:633px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2q_178\" style=\"left:832px;bottom:633px;letter-spacing:-0.29px;display:inline;\">(5) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2r_178\" style=\"left:65px;bottom:615px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Impairment reversals (note 6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t2s_178\" style=\"left:769px;bottom:615px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2t_178\" style=\"left:835px;bottom:615px;display:inline;\">3 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2u_178\" style=\"left:65px;bottom:598px;letter-spacing:-0.25px;display:inline;\">Repayments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t2v_178\" style=\"left:765px;bottom:598px;letter-spacing:-0.06px;display:inline;\">(7) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2w_178\" style=\"left:832px;bottom:598px;letter-spacing:-0.4px;display:inline;\">(3) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2x_178\" style=\"left:65px;bottom:580px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t2y_178\" style=\"left:769px;bottom:580px;display:inline;\">7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t2z_178\" style=\"left:828px;bottom:580px;letter-spacing:-0.3px;display:inline;\">(12) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t30_178\" style=\"left:65px;bottom:563px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t31_178\" style=\"left:754px;bottom:563px;letter-spacing:-0.17px;display:inline;\">459 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t32_178\" style=\"left:823px;bottom:563px;letter-spacing:-0.17px;display:inline;\">367 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t33_178\" style=\"left:65px;bottom:528px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Analysed as: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t34_178\" style=\"left:73px;bottom:511px;letter-spacing:-0.25px;display:inline;\">Current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t35_178\" style=\"left:761px;bottom:511px;letter-spacing:-0.14px;display:inline;\">35 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t36_178\" style=\"left:831px;bottom:511px;letter-spacing:-0.16px;display:inline;\">31 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t37_178\" style=\"left:73px;bottom:493px;letter-spacing:-0.19px;display:inline;\">Non-current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t38_178\" style=\"left:755px;bottom:493px;letter-spacing:-0.26px;display:inline;\">424 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t39_178\" style=\"left:822px;bottom:493px;letter-spacing:-0.12px;display:inline;\">336 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_178\" id=\"t3a_178\" style=\"left:754px;bottom:476px;letter-spacing:-0.17px;display:inline;\">459 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_178\" id=\"t3b_178\" style=\"left:823px;bottom:476px;letter-spacing:-0.17px;display:inline;\">367 </div></td></tr></table>\n<div class=\"t sb_178\" id=\"t3c_178\" style=\"left:65px;bottom:443px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">The Group also has future commitments for key money payments which are contingent upon future events and may reverse. </div><div class=\"t sb_178\" id=\"t3d_178\" style=\"left:65px;bottom:420px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">At 31 December 2023, the maximum exposure remaining under performance guarantees was $80m (2022: $75m). </div><div class=\"t s8_178\" id=\"t3e_178\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t sc_178\" id=\"t3f_178\" style=\"left:65px;bottom:31px;letter-spacing:-0.19px;display:inline;\"></div><div></div><div class=\"t s2_179\" id=\"t3_179\" style=\"left:65px;bottom:1100px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">Deferred revenue </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"t7_179\" style=\"left:617px;bottom:1086px;letter-spacing:0.13px;display:inline;\">Other </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"tb_179\" style=\"left:649px;bottom:1086px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">Application &amp; </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"t4_179\" style=\"left:544px;bottom:1075px;letter-spacing:0.02px;display:inline;\">Loyalty </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"t8_179\" style=\"left:602px;bottom:1075px;letter-spacing:0.14px;display:inline;\">co-brand </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"tc_179\" style=\"left:656px;bottom:1075px;letter-spacing:0.11px;display:inline;\">re-licensing </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"t5_179\" style=\"left:524px;bottom:1064px;letter-spacing:0.12px;display:inline;\">programme </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"t9_179\" style=\"left:624px;bottom:1064px;letter-spacing:0.12px;display:inline;\">fees </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"td_179\" style=\"left:690px;bottom:1064px;letter-spacing:0.12px;display:inline;\">fees </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"tf_179\" style=\"left:749px;bottom:1064px;letter-spacing:0.13px;display:inline;\">Other </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"th_179\" style=\"left:819px;bottom:1064px;letter-spacing:-0.08px;display:inline;\">Total </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"t6_179\" style=\"left:562px;bottom:1054px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"ta_179\" style=\"left:628px;bottom:1054px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"te_179\" style=\"left:694px;bottom:1054px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"tg_179\" style=\"left:760px;bottom:1054px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_179\" id=\"ti_179\" style=\"left:826px;bottom:1054px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tj_179\" style=\"left:65px;bottom:1036px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">At 1 January 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tk_179\" style=\"left:551px;bottom:1036px;letter-spacing:-0.15px;display:inline;\">1,292 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tl_179\" style=\"left:629px;bottom:1036px;letter-spacing:0.01px;display:inline;\">44 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tm_179\" style=\"left:691px;bottom:1036px;letter-spacing:-0.13px;display:inline;\">163 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tn_179\" style=\"left:760px;bottom:1036px;letter-spacing:-0.34px;display:inline;\">114 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"to_179\" style=\"left:817px;bottom:1036px;letter-spacing:-0.22px;display:inline;\">1,613 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tp_179\" style=\"left:65px;bottom:1018px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Increase in deferred revenue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tq_179\" style=\"left:558px;bottom:1018px;letter-spacing:-0.17px;display:inline;\">532 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tr_179\" style=\"left:637px;bottom:1018px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"ts_179\" style=\"left:697px;bottom:1018px;letter-spacing:-0.16px;display:inline;\">27 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tt_179\" style=\"left:761px;bottom:1018px;letter-spacing:0.01px;display:inline;\">44 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tu_179\" style=\"left:820px;bottom:1018px;letter-spacing:-0.15px;display:inline;\">603 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tv_179\" style=\"left:65px;bottom:1001px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Recognised as revenue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tw_179\" style=\"left:557px;bottom:1001px;letter-spacing:-0.38px;display:inline;\">(413) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tx_179\" style=\"left:631px;bottom:1001px;letter-spacing:-0.33px;display:inline;\">(11) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"ty_179\" style=\"left:693px;bottom:1001px;letter-spacing:-0.26px;display:inline;\">(23) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"tz_179\" style=\"left:758px;bottom:1001px;letter-spacing:-0.32px;display:inline;\">(44) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t10_179\" style=\"left:820px;bottom:1001px;letter-spacing:-0.27px;display:inline;\">(491) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t11_179\" style=\"left:65px;bottom:984px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t12_179\" style=\"left:571px;bottom:984px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t13_179\" style=\"left:637px;bottom:984px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t14_179\" style=\"left:703px;bottom:984px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t15_179\" style=\"left:767px;bottom:984px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t16_179\" style=\"left:833px;bottom:984px;letter-spacing:-0.35px;display:inline;\">(1) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t17_179\" style=\"left:65px;bottom:966px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t18_179\" style=\"left:555px;bottom:966px;letter-spacing:-0.28px;display:inline;\">1,411 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t19_179\" style=\"left:630px;bottom:966px;letter-spacing:-0.11px;display:inline;\">33 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t1a_179\" style=\"left:692px;bottom:966px;letter-spacing:-0.2px;display:inline;\">167 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t1b_179\" style=\"left:760px;bottom:966px;letter-spacing:-0.28px;display:inline;\">113 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t1c_179\" style=\"left:816px;bottom:966px;letter-spacing:-0.34px;display:inline;\">1,724 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t1d_179\" style=\"left:65px;bottom:948px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Increase in deferred revenue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1e_179\" style=\"left:557px;bottom:948px;letter-spacing:-0.26px;display:inline;\">672 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1f_179\" style=\"left:637px;bottom:948px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1g_179\" style=\"left:696px;bottom:948px;letter-spacing:-0.17px;display:inline;\">27 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1h_179\" style=\"left:761px;bottom:948px;letter-spacing:-0.15px;display:inline;\">63 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1i_179\" style=\"left:822px;bottom:948px;letter-spacing:-0.35px;display:inline;\">762 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t1j_179\" style=\"left:65px;bottom:930px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Recognised as revenue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1k_179\" style=\"left:553px;bottom:930px;letter-spacing:-0.27px;display:inline;\">(554) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1l_179\" style=\"left:630px;bottom:930px;letter-spacing:-0.36px;display:inline;\">(11) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1m_179\" style=\"left:692px;bottom:930px;letter-spacing:-0.28px;display:inline;\">(23) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1n_179\" style=\"left:757px;bottom:930px;letter-spacing:-0.35px;display:inline;\">(48) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1o_179\" style=\"left:816px;bottom:930px;letter-spacing:-0.29px;display:inline;\">(636) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t1p_179\" style=\"left:65px;bottom:913px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1q_179\" style=\"left:571px;bottom:913px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1r_179\" style=\"left:637px;bottom:913px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1s_179\" style=\"left:703px;bottom:913px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1t_179\" style=\"left:765px;bottom:913px;letter-spacing:-0.29px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1u_179\" style=\"left:831px;bottom:913px;letter-spacing:-0.29px;display:inline;\">(2) </div></td></tr><tr><td class=\"tcs-selection-enabled tcs-selected\" colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1v_179\" style=\"left:65px;bottom:895px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1w_179\" style=\"left:549px;bottom:895px;letter-spacing:-0.22px;display:inline;\">1,529 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1x_179\" style=\"left:629px;bottom:895px;letter-spacing:-0.04px;display:inline;\">22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1y_179\" style=\"left:693px;bottom:895px;letter-spacing:-0.23px;display:inline;\">171 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t1z_179\" style=\"left:757px;bottom:895px;letter-spacing:-0.22px;display:inline;\">126 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t20_179\" style=\"left:812px;bottom:895px;letter-spacing:-0.17px;display:inline;\">1,848 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t21_179\" style=\"left:65px;bottom:858px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Analysed as: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t22_179\" style=\"left:73px;bottom:841px;letter-spacing:-0.25px;display:inline;\">Current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t23_179\" style=\"left:555px;bottom:841px;letter-spacing:-0.15px;display:inline;\">649 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t24_179\" style=\"left:633px;bottom:841px;letter-spacing:-0.3px;display:inline;\">11 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t25_179\" style=\"left:696px;bottom:841px;letter-spacing:-0.04px;display:inline;\">22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t26_179\" style=\"left:761px;bottom:841px;letter-spacing:-0.47px;display:inline;\">70 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t27_179\" style=\"left:822px;bottom:841px;letter-spacing:-0.29px;display:inline;\">752 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t28_179\" style=\"left:73px;bottom:823px;letter-spacing:-0.19px;display:inline;\">Non-current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t29_179\" style=\"left:555px;bottom:823px;letter-spacing:-0.2px;display:inline;\">880 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t2a_179\" style=\"left:633px;bottom:823px;letter-spacing:-0.3px;display:inline;\">11 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t2b_179\" style=\"left:690px;bottom:823px;letter-spacing:-0.26px;display:inline;\">149 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t2c_179\" style=\"left:761px;bottom:823px;letter-spacing:-0.23px;display:inline;\">56 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t2d_179\" style=\"left:811px;bottom:823px;letter-spacing:-0.25px;display:inline;\">1,096 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t2e_179\" style=\"left:549px;bottom:804px;letter-spacing:-0.22px;display:inline;\">1,529 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t2f_179\" style=\"left:630px;bottom:804px;letter-spacing:-0.04px;display:inline;\">22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t2g_179\" style=\"left:693px;bottom:804px;letter-spacing:-0.23px;display:inline;\">171 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t2h_179\" style=\"left:757px;bottom:804px;letter-spacing:-0.22px;display:inline;\">126 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_179\" id=\"t2i_179\" style=\"left:812px;bottom:804px;letter-spacing:-0.17px;display:inline;\">1,848 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2j_179\" style=\"left:65px;bottom:769px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December 2022: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2k_179\" style=\"left:73px;bottom:751px;letter-spacing:-0.25px;display:inline;\">Current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2l_179\" style=\"left:557px;bottom:751px;letter-spacing:-0.14px;display:inline;\">584 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2m_179\" style=\"left:634px;bottom:751px;letter-spacing:-0.3px;display:inline;\">11 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2n_179\" style=\"left:696px;bottom:751px;letter-spacing:-0.24px;display:inline;\">23 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2o_179\" style=\"left:762px;bottom:751px;letter-spacing:-0.08px;display:inline;\">63 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2p_179\" style=\"left:823px;bottom:751px;letter-spacing:-0.13px;display:inline;\">681 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2q_179\" style=\"left:73px;bottom:734px;letter-spacing:-0.19px;display:inline;\">Non-current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2r_179\" style=\"left:559px;bottom:734px;letter-spacing:-0.2px;display:inline;\">827 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2s_179\" style=\"left:631px;bottom:734px;letter-spacing:0.03px;display:inline;\">22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2t_179\" style=\"left:691px;bottom:734px;letter-spacing:-0.17px;display:inline;\">144 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2u_179\" style=\"left:761px;bottom:734px;letter-spacing:-0.24px;display:inline;\">50 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2v_179\" style=\"left:813px;bottom:734px;letter-spacing:-0.21px;display:inline;\">1,043 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2w_179\" style=\"left:555px;bottom:715px;letter-spacing:-0.28px;display:inline;\">1,411 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2x_179\" style=\"left:630px;bottom:715px;letter-spacing:-0.11px;display:inline;\">33 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2y_179\" style=\"left:692px;bottom:715px;letter-spacing:-0.2px;display:inline;\">167 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t2z_179\" style=\"left:760px;bottom:715px;letter-spacing:-0.28px;display:inline;\">113 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_179\" id=\"t30_179\" style=\"left:816px;bottom:715px;letter-spacing:-0.34px;display:inline;\">1,724 </div></td></tr></table>\n<div class=\"t s6_179\" id=\"t31_179\" style=\"left:65px;bottom:682px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">This table does not include amounts which were received and recognised as revenue in the same year. Amounts recognised as revenue </div><div class=\"t s6_179\" id=\"t32_179\" style=\"left:65px;bottom:666px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">were included in deferred revenue at the beginning of the year. </div><div class=\"t s6_179\" id=\"t33_179\" style=\"left:65px;bottom:644px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Loyalty programme revenues, shown gross in the table above, are presented net of the corresponding redemption cost in the Group </div><div class=\"t s6_179\" id=\"t34_179\" style=\"left:65px;bottom:628px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">income statement. </div>Other deferred revenue includes technical service fees and guest deposits received by owned, leased and managed lease hotels.",
   "dimensions": {
    "concept": "ifrs-full:ExplanationOfSignificantChangesInContractAssetsAndContractLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f29207": {
   "value": "4. Sta\ufb00 costs and Directors\u2019 remuneration <div class=\"t s1_180\" id=\"t2_180\" style=\"left:65px;bottom:1100px;word-spacing:-0.13px;display:inline;\">Sta\ufb00 costs and average number of employees </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_180\" id=\"t6_180\" style=\"left:741px;bottom:1085px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_180\" id=\"ta_180\" style=\"left:821px;bottom:1085px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_180\" id=\"t4_180\" style=\"left:662px;bottom:1075px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s4_180\" id=\"t7_180\" style=\"left:706px;bottom:1075px;letter-spacing:0.1px;display:inline;\">Re-presented </div><div class=\"t s5_180\" id=\"t8_180\" style=\"vertical-align: super;left:764px;bottom:1080px;display:inline;\">a </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s4_180\" id=\"tb_180\" style=\"left:784px;bottom:1075px;letter-spacing:0.1px;display:inline;\">Re-presented </div><div class=\"t s5_180\" id=\"tc_180\" style=\"vertical-align: super;left:842px;bottom:1080px;display:inline;\">a </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_180\" id=\"t3_180\" style=\"left:65px;bottom:1064px;letter-spacing:0.09px;word-spacing:-0.19px;display:inline;\">Sta\ufb00 costs </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_180\" id=\"t5_180\" style=\"left:671px;bottom:1064px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_180\" id=\"t9_180\" style=\"left:749px;bottom:1064px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_180\" id=\"td_180\" style=\"left:827px;bottom:1064px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"te_180\" style=\"left:65px;bottom:1046px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Wages and salaries </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"tf_180\" style=\"left:656px;bottom:1046px;letter-spacing:-0.22px;display:inline;\">1,808 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"tg_180\" style=\"left:736px;bottom:1046px;letter-spacing:-0.22px;display:inline;\">1,604 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"th_180\" style=\"left:817px;bottom:1046px;letter-spacing:-0.18px;display:inline;\">1,315 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"ti_180\" style=\"left:65px;bottom:1028px;letter-spacing:-0.19px;word-spacing:-0.17px;display:inline;\">Social security costs </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"tj_180\" style=\"left:667px;bottom:1028px;letter-spacing:-0.22px;display:inline;\">143 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"tk_180\" style=\"left:749px;bottom:1028px;letter-spacing:-0.31px;display:inline;\">117 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"tl_180\" style=\"left:828px;bottom:1028px;letter-spacing:-0.13px;display:inline;\">86 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"tm_180\" style=\"left:65px;bottom:1009px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Pension and other post-retirement benefits: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"tn_180\" style=\"left:73px;bottom:991px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">Defined benefit plans (note 27) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"to_180\" style=\"left:678px;bottom:991px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"tp_180\" style=\"left:757px;bottom:991px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"tq_180\" style=\"left:835px;bottom:991px;display:inline;\">2 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"tr_180\" style=\"left:73px;bottom:972px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Defined contribution plans </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"ts_180\" style=\"left:672px;bottom:972px;letter-spacing:-0.2px;display:inline;\">58 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"tt_180\" style=\"left:750px;bottom:972px;letter-spacing:-0.11px;display:inline;\">53 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"tu_180\" style=\"left:831px;bottom:972px;letter-spacing:-0.36px;display:inline;\">41 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"tv_180\" style=\"left:657px;bottom:952px;letter-spacing:-0.23px;display:inline;\">2,013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"tw_180\" style=\"left:739px;bottom:952px;letter-spacing:-0.26px;display:inline;\">1,776 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"tx_180\" style=\"left:814px;bottom:952px;letter-spacing:-0.11px;display:inline;\">1,444 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"ty_180\" style=\"left:65px;bottom:916px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Analysed as: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s6_180\" id=\"tz_180\" style=\"left:73px;bottom:898px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Costs borne by IHG </div><div class=\"t s8_180\" id=\"t10_180\" style=\"vertical-align: super;left:170px;bottom:904px;display:inline;\">b </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"t11_180\" style=\"left:667px;bottom:898px;letter-spacing:-0.65px;display:inline;\">747 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t12_180\" style=\"left:743px;bottom:898px;letter-spacing:-0.1px;display:inline;\">646 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t13_180\" style=\"left:822px;bottom:898px;letter-spacing:-0.16px;display:inline;\">569 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t14_180\" style=\"left:73px;bottom:879px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">Costs borne by the System Fund or reimbursed </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"t15_180\" style=\"left:657px;bottom:879px;letter-spacing:-0.17px;display:inline;\">1,266 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t16_180\" style=\"left:739px;bottom:879px;letter-spacing:-0.32px;display:inline;\">1,130 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t17_180\" style=\"left:823px;bottom:879px;letter-spacing:-0.21px;display:inline;\">875 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"t18_180\" style=\"left:657px;bottom:860px;letter-spacing:-0.23px;display:inline;\">2,013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t19_180\" style=\"left:739px;bottom:860px;letter-spacing:-0.26px;display:inline;\">1,776 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t1a_180\" style=\"left:814px;bottom:860px;letter-spacing:-0.11px;display:inline;\">1,444 </div></td></tr></table>\n<div class=\"t s9_180\" id=\"t1b_180\" style=\"left:65px;bottom:836px;display:inline;\">a </div><div class=\"t s4_180\" id=\"t1c_180\" style=\"left:74px;bottom:832px;letter-spacing:0.05px;word-spacing:-0.15px;display:inline;\">Re-presented to combine System Fund and employees whose costs are reimbursed (see New accounting standards and other presentational changes). </div><div class=\"t s9_180\" id=\"t1d_180\" style=\"left:65px;bottom:818px;display:inline;\">b </div><div class=\"t s4_180\" id=\"t1e_180\" style=\"left:74px;bottom:814px;letter-spacing:0.04px;word-spacing:-0.15px;display:inline;\">In 2022, included $1m classified as exceptional relating to the costs o</div><div class=\"t sa_180\" id=\"t1f_180\" style=\"left:367px;bottom:814px;letter-spacing:0.05px;word-spacing:-0.16px;display:inline;\">f ceasing operations in Russia. </div><div class=\"t sb_180\" id=\"t1g_180\" style=\"left:65px;bottom:782px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Sta\ufb00 costs are presented net of government support income of $nil (2022: $5m, 2021: $23m). The total comprises $nil (2022: $nil, 2021: </div><div class=\"t sb_180\" id=\"t1h_180\" style=\"left:65px;bottom:767px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">$12m) relating principally to employee costs at certain of the Group\u2019s leased hotels and $nil (2022: $5m, 2021: $11m) relating to support </div><div class=\"t sc_180\" id=\"t1i_180\" style=\"left:65px;bottom:751px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">received in the form of tax credits which relate to the Group\u2019s corporate o\ufb00ice presence in certain countries. There are no unful</div><div class=\"t sd_180\" id=\"t1j_180\" style=\"left:771px;bottom:751px;letter-spacing:-0.02px;display:inline;\">filled </div><div class=\"t sd_180\" id=\"t1k_180\" style=\"left:65px;bottom:736px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">conditions or other contingencies attached to these grants. </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_180\" id=\"t1n_180\" style=\"left:741px;bottom:714px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_180\" id=\"t1q_180\" style=\"left:821px;bottom:714px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_180\" id=\"t1l_180\" style=\"left:65px;bottom:703px;letter-spacing:0.06px;word-spacing:-0.16px;display:inline;\">Monthly average number of employees, including part-time employees </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_180\" id=\"t1m_180\" style=\"left:662px;bottom:703px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s4_180\" id=\"t1o_180\" style=\"left:706px;bottom:703px;letter-spacing:0.1px;display:inline;\">Re-presented </div><div class=\"t s5_180\" id=\"t1p_180\" style=\"vertical-align: super;left:764px;bottom:709px;display:inline;\">a </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s4_180\" id=\"t1r_180\" style=\"left:784px;bottom:703px;letter-spacing:0.1px;display:inline;\">Re-presented </div><div class=\"t s5_180\" id=\"t1s_180\" style=\"vertical-align: super;left:842px;bottom:709px;display:inline;\">a </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t1t_180\" style=\"left:65px;bottom:686px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Employees whose costs are borne by IHG: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t1u_180\" style=\"left:73px;bottom:667px;letter-spacing:-0.2px;display:inline;\">Americas </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"t1v_180\" style=\"left:658px;bottom:667px;letter-spacing:-0.28px;display:inline;\">1,578 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t1w_180\" style=\"left:737px;bottom:667px;letter-spacing:-0.14px;display:inline;\">1,548 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t1x_180\" style=\"left:817px;bottom:667px;letter-spacing:-0.17px;display:inline;\">1,481 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t1y_180\" style=\"left:73px;bottom:649px;letter-spacing:-0.1px;display:inline;\">EMEAA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"t1z_180\" style=\"left:655px;bottom:649px;letter-spacing:-0.28px;display:inline;\">3,642 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t20_180\" style=\"left:734px;bottom:649px;letter-spacing:-0.18px;display:inline;\">3,638 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t21_180\" style=\"left:812px;bottom:649px;letter-spacing:-0.16px;display:inline;\">2,808 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t22_180\" style=\"left:73px;bottom:630px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Greater China </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"t23_180\" style=\"left:665px;bottom:630px;letter-spacing:-0.26px;display:inline;\">352 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t24_180\" style=\"left:744px;bottom:630px;letter-spacing:-0.11px;display:inline;\">333 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t25_180\" style=\"left:822px;bottom:630px;letter-spacing:-0.13px;display:inline;\">299 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t26_180\" style=\"left:73px;bottom:612px;letter-spacing:-0.22px;display:inline;\">Central </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"t27_180\" style=\"left:658px;bottom:612px;letter-spacing:-0.31px;display:inline;\">1,720 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t28_180\" style=\"left:738px;bottom:612px;letter-spacing:-0.26px;display:inline;\">1,528 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t29_180\" style=\"left:816px;bottom:612px;letter-spacing:-0.24px;display:inline;\">1,425 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"t2a_180\" style=\"left:657px;bottom:593px;letter-spacing:-0.34px;display:inline;\">7,292 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t2b_180\" style=\"left:736px;bottom:593px;letter-spacing:-0.48px;display:inline;\">7,047 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t2c_180\" style=\"left:814px;bottom:593px;letter-spacing:-0.25px;display:inline;\">6,013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t2d_180\" style=\"left:65px;bottom:574px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Employees whose costs are borne by the System Fund or are reimbursed </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"t2e_180\" style=\"left:647px;bottom:574px;letter-spacing:-0.25px;display:inline;\">20,306 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t2f_180\" style=\"left:730px;bottom:574px;letter-spacing:-0.16px;display:inline;\">18,833 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t2g_180\" style=\"left:811px;bottom:574px;letter-spacing:-0.18px;display:inline;\">16,315 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"t2h_180\" style=\"left:650px;bottom:556px;letter-spacing:-0.35px;display:inline;\">27,598 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t2i_180\" style=\"left:728px;bottom:556px;letter-spacing:-0.19px;display:inline;\">25,880 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t2j_180\" style=\"left:808px;bottom:556px;letter-spacing:-0.16px;display:inline;\">22,328 </div></td></tr></table>\n<div class=\"t s9_180\" id=\"t2k_180\" style=\"left:65px;bottom:533px;display:inline;\">a </div><div class=\"t s4_180\" id=\"t2l_180\" style=\"left:74px;bottom:528px;letter-spacing:0.04px;word-spacing:-0.15px;display:inline;\">Re-presented to combine System Fund and employees whose costs are reimbursed (see New accounting standards and other presentational changes) and to correct the allocation </div><div class=\"t sa_180\" id=\"t2m_180\" style=\"left:74px;bottom:518px;letter-spacing:0.08px;word-spacing:-0.19px;display:inline;\">of 2022 between reportable segments. </div><div class=\"t s1_180\" id=\"t2n_180\" style=\"left:65px;bottom:486px;word-spacing:-0.13px;display:inline;\">Directors\u2019 remuneration </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_180\" id=\"t2o_180\" style=\"left:662px;bottom:472px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_180\" id=\"t2q_180\" style=\"left:741px;bottom:472px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_180\" id=\"t2s_180\" style=\"left:821px;bottom:472px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_180\" id=\"t2p_180\" style=\"left:671px;bottom:461px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_180\" id=\"t2r_180\" style=\"left:749px;bottom:461px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_180\" id=\"t2t_180\" style=\"left:827px;bottom:461px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t se_180\" id=\"t2u_180\" style=\"left:65px;bottom:443px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Base salaries, fees, annual performance payments and bene</div><div class=\"t s6_180\" id=\"t2v_180\" style=\"left:360px;bottom:443px;letter-spacing:-0.12px;display:inline;\">fits </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"t2w_180\" style=\"left:668px;bottom:443px;letter-spacing:-0.2px;display:inline;\">6.9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t2x_180\" style=\"left:749px;bottom:443px;letter-spacing:-0.52px;display:inline;\">7.9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t2y_180\" style=\"left:825px;bottom:443px;letter-spacing:-0.17px;display:inline;\">8.4 </div></td></tr></table>\n<div class=\"t se_180\" id=\"t2z_180\" style=\"left:80px;bottom:409px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">More detailed information on the remuneration including pensions, share awards and shareholdings for each Director is shown in the Directors\u2019 </div>Remuneration Report on pages 128 and 136. In addition, amounts received or receivable under long-term incentive schemes are shown on page 128. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f29451": {
   "value": "5. Auditor\u2019s remuneration paid to Pricewaterhouse Coopers LLP <table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_180\" id=\"t32_180\" style=\"left:662px;bottom:343px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_180\" id=\"t34_180\" style=\"left:741px;bottom:343px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_180\" id=\"t36_180\" style=\"left:821px;bottom:343px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_180\" id=\"t33_180\" style=\"left:671px;bottom:332px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_180\" id=\"t35_180\" style=\"left:749px;bottom:332px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_180\" id=\"t37_180\" style=\"left:827px;bottom:332px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t se_180\" id=\"t38_180\" style=\"left:65px;bottom:314px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Audit of the Financial Statements </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"t39_180\" style=\"left:679px;bottom:314px;display:inline;\">7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t3a_180\" style=\"left:757px;bottom:314px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t3b_180\" style=\"left:835px;bottom:314px;display:inline;\">4 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t se_180\" id=\"t3c_180\" style=\"left:65px;bottom:296px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Audit of subsidiaries </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"t3d_180\" style=\"left:678px;bottom:296px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t3e_180\" style=\"left:757px;bottom:296px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t3f_180\" style=\"left:835px;bottom:296px;display:inline;\">3 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t3g_180\" style=\"left:65px;bottom:277px;letter-spacing:-0.19px;word-spacing:-0.18px;display:inline;\">Other assurance services </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"t3h_180\" style=\"left:680px;bottom:277px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t3i_180\" style=\"left:759px;bottom:277px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t3j_180\" style=\"left:837px;bottom:277px;display:inline;\">1 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"t3k_180\" style=\"left:676px;bottom:259px;letter-spacing:-0.3px;display:inline;\">11 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t3l_180\" style=\"left:757px;bottom:259px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t3m_180\" style=\"left:835px;bottom:259px;display:inline;\">8 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t3n_180\" style=\"left:65px;bottom:221px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Under SEC regulations analysed as: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t3o_180\" style=\"left:73px;bottom:203px;letter-spacing:-0.25px;display:inline;\">Audit </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"t3p_180\" style=\"left:673px;bottom:203px;letter-spacing:-0.23px;display:inline;\">10 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t3q_180\" style=\"left:757px;bottom:203px;display:inline;\">8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t3r_180\" style=\"left:836px;bottom:203px;display:inline;\">7 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t3s_180\" style=\"left:73px;bottom:184px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Other audit-related </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"t3t_180\" style=\"left:680px;bottom:184px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t3u_180\" style=\"left:759px;bottom:184px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t3v_180\" style=\"left:837px;bottom:184px;display:inline;\">1 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_180\" id=\"t3w_180\" style=\"left:676px;bottom:166px;letter-spacing:-0.3px;display:inline;\">11 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t3x_180\" style=\"left:757px;bottom:166px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_180\" id=\"t3y_180\" style=\"left:835px;bottom:166px;display:inline;\">8 </div></td></tr></table>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f29559": {
   "value": "6. Exceptional items <table>\n                                            <tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_181\" id=\"t3_181\" style=\"left:686px;bottom:1101px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_181\" id=\"t5_181\" style=\"left:753px;bottom:1101px;letter-spacing:0.17px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_181\" id=\"t7_181\" style=\"left:821px;bottom:1101px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_181\" id=\"t2_181\" style=\"left:622px;bottom:1090px;letter-spacing:0.06px;display:inline;\">Note </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_181\" id=\"t4_181\" style=\"left:695px;bottom:1090px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_181\" id=\"t6_181\" style=\"left:761px;bottom:1090px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_181\" id=\"t8_181\" style=\"left:827px;bottom:1090px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t9_181\" style=\"left:65px;bottom:1072px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Administrative expenses: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"ta_181\" style=\"left:73px;bottom:1054px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Costs of ceasing operations in Russia </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"tb_181\" style=\"left:634px;bottom:1054px;letter-spacing:-0.51px;display:inline;\">(a) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"tc_181\" style=\"left:703px;bottom:1054px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"td_181\" style=\"left:762px;bottom:1054px;letter-spacing:-0.3px;display:inline;\">(12) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"te_181\" style=\"left:836px;bottom:1054px;display:inline;\">\u2013 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"tf_181\" style=\"left:73px;bottom:1035px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Commercial litigation and disputes </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"tg_181\" style=\"left:633px;bottom:1035px;letter-spacing:-0.32px;display:inline;\">(b) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"th_181\" style=\"left:703px;bottom:1035px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"ti_181\" style=\"left:760px;bottom:1035px;letter-spacing:-0.27px;display:inline;\">(28) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"tj_181\" style=\"left:826px;bottom:1035px;letter-spacing:-0.23px;display:inline;\">(25) </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"tk_181\" style=\"left:703px;bottom:1015px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"tl_181\" style=\"left:758px;bottom:1015px;letter-spacing:-0.35px;display:inline;\">(40) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"tm_181\" style=\"left:826px;bottom:1015px;letter-spacing:-0.23px;display:inline;\">(25) </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s5_181\" id=\"to_181\" style=\"left:125px;bottom:979px;letter-spacing:-0.21px;word-spacing:-0.13px;display:inline;\">fits/(losses) o</div><div class=\"t s3_181\" id=\"tn_181\" style=\"left:65px;bottom:979px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">Share of pro</div><div class=\"t s3_181\" id=\"tp_181\" style=\"left:190px;bottom:979px;letter-spacing:-0.2px;word-spacing:-0.15px;display:inline;\">f associate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"tq_181\" style=\"left:634px;bottom:979px;letter-spacing:-0.53px;display:inline;\">(c) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"tr_181\" style=\"left:697px;bottom:979px;letter-spacing:-0.22px;display:inline;\">18 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"ts_181\" style=\"left:758px;bottom:979px;letter-spacing:-0.3px;display:inline;\">(60) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"tt_181\" style=\"left:836px;bottom:979px;display:inline;\">\u2013 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"tu_181\" style=\"left:65px;bottom:943px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Other operating income </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"tv_181\" style=\"left:633px;bottom:943px;letter-spacing:-0.33px;display:inline;\">(d) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"tw_181\" style=\"left:697px;bottom:943px;letter-spacing:-0.23px;display:inline;\">10 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"tx_181\" style=\"left:770px;bottom:943px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"ty_181\" style=\"left:836px;bottom:943px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"tz_181\" style=\"left:65px;bottom:907px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Other net impairment reversals/(charges): </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t10_181\" style=\"left:73px;bottom:889px;letter-spacing:-0.22px;word-spacing:-0.16px;display:inline;\">Management agreements </div><div class=\"t s3_181\" id=\"t11_181\" style=\"left:230px;bottom:889px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">\u2013 reversal </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t12_181\" style=\"left:633px;bottom:889px;letter-spacing:-0.26px;display:inline;\">12 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t13_181\" style=\"left:703px;bottom:889px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t14_181\" style=\"left:765px;bottom:889px;letter-spacing:-0.26px;display:inline;\">12 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t15_181\" style=\"left:836px;bottom:889px;display:inline;\">\u2013 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t16_181\" style=\"left:73px;bottom:870px;letter-spacing:-0.24px;display:inline;\">Property, plant and equipment  \u2013 charge </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t17_181\" style=\"left:632px;bottom:870px;letter-spacing:-0.25px;display:inline;\">13 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t18_181\" style=\"left:703px;bottom:870px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t19_181\" style=\"left:761px;bottom:870px;letter-spacing:-0.3px;display:inline;\">(10) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t1a_181\" style=\"left:836px;bottom:870px;display:inline;\">\u2013 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t1b_181\" style=\"left:230px;bottom:852px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">\u2013 reversal </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t1c_181\" style=\"left:632px;bottom:852px;letter-spacing:-0.25px;display:inline;\">13 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t1d_181\" style=\"left:703px;bottom:852px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t1e_181\" style=\"left:769px;bottom:852px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t1f_181\" style=\"left:836px;bottom:852px;display:inline;\">\u2013 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t1g_181\" style=\"left:73px;bottom:833px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Right-of-use assets </div><div class=\"t s3_181\" id=\"t1h_181\" style=\"left:230px;bottom:833px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">\u2013 charge </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t1i_181\" style=\"left:632px;bottom:833px;letter-spacing:-0.25px;display:inline;\">13 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t1j_181\" style=\"left:703px;bottom:833px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t1k_181\" style=\"left:766px;bottom:833px;letter-spacing:-0.26px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t1l_181\" style=\"left:836px;bottom:833px;display:inline;\">\u2013 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t1m_181\" style=\"left:230px;bottom:815px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">\u2013 reversal </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t1n_181\" style=\"left:632px;bottom:815px;letter-spacing:-0.37px;display:inline;\">14 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t1o_181\" style=\"left:703px;bottom:815px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t1p_181\" style=\"left:769px;bottom:815px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t1q_181\" style=\"left:836px;bottom:815px;display:inline;\">\u2013 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t1r_181\" style=\"left:73px;bottom:796px;letter-spacing:-0.18px;display:inline;\">Associates </div><div class=\"t s3_181\" id=\"t1s_181\" style=\"left:230px;bottom:796px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">\u2013 charge </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t1t_181\" style=\"left:703px;bottom:796px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t1u_181\" style=\"left:770px;bottom:796px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t1v_181\" style=\"left:832px;bottom:796px;letter-spacing:-0.49px;display:inline;\">(4) </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t1w_181\" style=\"left:230px;bottom:778px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">\u2013 reversal </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t1x_181\" style=\"left:633px;bottom:778px;letter-spacing:-0.17px;display:inline;\">15 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t1y_181\" style=\"left:703px;bottom:778px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t1z_181\" style=\"left:769px;bottom:778px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t20_181\" style=\"left:836px;bottom:778px;display:inline;\">\u2013 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t21_181\" style=\"left:73px;bottom:759px;letter-spacing:-0.19px;word-spacing:-0.16px;display:inline;\">Contract assets </div><div class=\"t s3_181\" id=\"t22_181\" style=\"left:229px;bottom:759px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">\u2013 charge </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t23_181\" style=\"left:634px;bottom:759px;letter-spacing:-0.5px;display:inline;\">(e) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t24_181\" style=\"left:703px;bottom:759px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t25_181\" style=\"left:766px;bottom:759px;letter-spacing:-0.29px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t26_181\" style=\"left:836px;bottom:759px;display:inline;\">\u2013 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t27_181\" style=\"left:229px;bottom:741px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">\u2013 reversal </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t28_181\" style=\"left:634px;bottom:741px;letter-spacing:-0.5px;display:inline;\">(e) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t29_181\" style=\"left:703px;bottom:741px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t2a_181\" style=\"left:769px;bottom:741px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t2b_181\" style=\"left:836px;bottom:741px;display:inline;\">\u2013 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t2c_181\" style=\"left:703px;bottom:721px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t2d_181\" style=\"left:769px;bottom:721px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t2e_181\" style=\"left:832px;bottom:721px;letter-spacing:-0.49px;display:inline;\">(4) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t2f_181\" style=\"left:65px;bottom:685px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Operating exceptional items </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t2g_181\" style=\"left:696px;bottom:685px;letter-spacing:-0.19px;display:inline;\">28 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t2h_181\" style=\"left:759px;bottom:685px;letter-spacing:-0.25px;display:inline;\">(95) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t2i_181\" style=\"left:825px;bottom:685px;letter-spacing:-0.23px;display:inline;\">(29) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t2j_181\" style=\"left:65px;bottom:630px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Exceptional items before tax </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t2k_181\" style=\"left:696px;bottom:630px;letter-spacing:-0.19px;display:inline;\">28 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t2l_181\" style=\"left:759px;bottom:630px;letter-spacing:-0.25px;display:inline;\">(95) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t2m_181\" style=\"left:825px;bottom:630px;letter-spacing:-0.23px;display:inline;\">(29) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t2n_181\" style=\"left:65px;bottom:593px;letter-spacing:-0.28px;word-spacing:-0.08px;display:inline;\">Tax on exceptional items </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t2o_181\" style=\"left:636px;bottom:593px;letter-spacing:-0.14px;display:inline;\">(f) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t2p_181\" style=\"left:699px;bottom:593px;letter-spacing:-0.06px;display:inline;\">(7) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t2q_181\" style=\"left:763px;bottom:593px;letter-spacing:-0.26px;display:inline;\">26 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t2r_181\" style=\"left:835px;bottom:593px;display:inline;\">3 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t2s_181\" style=\"left:65px;bottom:575px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Exceptional tax </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t2t_181\" style=\"left:633px;bottom:575px;letter-spacing:-0.31px;display:inline;\">(g) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t2u_181\" style=\"left:703px;bottom:575px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t2v_181\" style=\"left:770px;bottom:575px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t2w_181\" style=\"left:829px;bottom:575px;letter-spacing:-0.26px;display:inline;\">26 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t2x_181\" style=\"left:65px;bottom:539px;letter-spacing:-0.54px;display:inline;\">Tax </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t2y_181\" style=\"left:699px;bottom:539px;letter-spacing:-0.06px;display:inline;\">(7) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t2z_181\" style=\"left:763px;bottom:539px;letter-spacing:-0.26px;display:inline;\">26 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t30_181\" style=\"left:829px;bottom:539px;letter-spacing:-0.17px;display:inline;\">29 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t31_181\" style=\"left:65px;bottom:502px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Operating exceptional items analysed as: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t32_181\" style=\"left:73px;bottom:483px;letter-spacing:-0.2px;display:inline;\">Americas </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t33_181\" style=\"left:696px;bottom:483px;letter-spacing:-0.17px;display:inline;\">27 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t34_181\" style=\"left:759px;bottom:483px;letter-spacing:-0.33px;display:inline;\">(46) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t35_181\" style=\"left:826px;bottom:483px;letter-spacing:-0.16px;display:inline;\">(22) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t36_181\" style=\"left:73px;bottom:465px;letter-spacing:-0.1px;display:inline;\">EMEAA </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t37_181\" style=\"left:704px;bottom:465px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t38_181\" style=\"left:759px;bottom:465px;letter-spacing:-0.32px;display:inline;\">(49) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t39_181\" style=\"left:832px;bottom:465px;letter-spacing:0.03px;display:inline;\">(7) </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_181\" id=\"t3a_181\" style=\"left:696px;bottom:445px;letter-spacing:-0.19px;display:inline;\">28 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t3b_181\" style=\"left:759px;bottom:445px;letter-spacing:-0.25px;display:inline;\">(95) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_181\" id=\"t3c_181\" style=\"left:825px;bottom:445px;letter-spacing:-0.23px;display:inline;\">(29) </div></td></tr>\n                                        </table>\n<div class=\"t s5_181\" id=\"t3d_181\" style=\"left:80px;bottom:411px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">The above items are defined by management as exceptional as </div><div class=\"t s3_181\" id=\"t3e_181\" style=\"left:391px;bottom:411px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">further described on page 165. </div><div class=\"t s6_181\" id=\"t3f_181\" style=\"left:65px;bottom:31px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\"> </div><div class=\"t m0_181 s7_181\" id=\"t3g_181\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t s6_181\" id=\"t3h_181\" style=\"left:826px;bottom:31px;letter-spacing:-0.1px;display:inline;\"></div><div></div><div class=\"t s2_182\" id=\"t3_182\" style=\"left:65px;bottom:1100px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">(a) Costs of ceasing operations in Russia </div><div class=\"t s3_182\" id=\"t4_182\" style=\"left:65px;bottom:1084px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">On 27 June 2022, the Group announced it was in the process of ceasing all operations in Russia consistent with evolving UK, US and EU </div><div class=\"t s3_182\" id=\"t5_182\" style=\"left:65px;bottom:1069px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">sanction regimes and the ongoing and increasing challenges of operating there. The costs associated with the cessation of corporate </div><div class=\"t s3_182\" id=\"t6_182\" style=\"left:65px;bottom:1054px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">operations in Moscow and long-term management and franchise contracts were presented as exceptional due to the nature of the war </div><div class=\"t s3_182\" id=\"t7_182\" style=\"left:65px;bottom:1039px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">in Ukraine which drove the Group\u2019s response. </div><div class=\"t s2_182\" id=\"t8_182\" style=\"left:65px;bottom:1016px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">(b) Commercial litigation and disputes </div><div class=\"t s3_182\" id=\"t9_182\" style=\"left:65px;bottom:1000px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">From time to time, the Group is subject to legal proceedings, the ultimate outcome of each is always subject to many uncertainties inherent </div><div class=\"t s3_182\" id=\"ta_182\" style=\"left:65px;bottom:985px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">in litigation. The 2022 provision for commercial litigation and disputes principally related to the EMEAA region and was utilised in full in 2023 </div><div class=\"t s3_182\" id=\"tb_182\" style=\"left:65px;bottom:970px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">following settlement of the disputed matters. </div><div class=\"t s3_182\" id=\"tc_182\" style=\"left:65px;bottom:947px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">In 2021, related to the agreed costs to settle two commercial disputes, $18m in the Americas region and $7m in the EMEAA region. </div><div class=\"t s4_182\" id=\"td_182\" style=\"left:65px;bottom:924px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">These costs were presented as exceptional reflecting the quantum o</div><div class=\"t s3_182\" id=\"te_182\" style=\"left:446px;bottom:924px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">f the costs and nature of the disputes. </div><div class=\"t s2_182\" id=\"tf_182\" style=\"left:65px;bottom:901px;letter-spacing:-0.1px;word-spacing:-0.05px;display:inline;\">(c) Share of pro</div><div class=\"t s5_182\" id=\"tg_182\" style=\"left:152px;bottom:901px;letter-spacing:0.02px;word-spacing:-0.17px;display:inline;\">fits/losses o</div><div class=\"t s2_182\" id=\"th_182\" style=\"left:221px;bottom:901px;letter-spacing:0.02px;word-spacing:-0.16px;display:inline;\">f associate </div><div class=\"t s3_182\" id=\"ti_182\" style=\"left:65px;bottom:886px;letter-spacing:-0.17px;word-spacing:-0.09px;display:inline;\">As part of an agreed settlement of the 2021 Americas commercial dispute in relation to the Barclay associate, in 2022 the Group was allocated </div><div class=\"t s3_182\" id=\"tj_182\" style=\"left:65px;bottom:871px;letter-spacing:-0.12px;word-spacing:-0.08px;display:inline;\">expenses in excess of its actual percentage share which directly reduced the Group\u2019s current interest in the associate. This resulted in $60m </div><div class=\"t s3_182\" id=\"tk_182\" style=\"left:65px;bottom:855px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">of additional expenses being allocated to the Group in 2022, with a current tax bene</div><div class=\"t s4_182\" id=\"tl_182\" style=\"left:533px;bottom:855px;letter-spacing:-0.05px;word-spacing:-0.12px;display:inline;\">fit o</div><div class=\"t s3_182\" id=\"tm_182\" style=\"left:554px;bottom:855px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">f $15m and, applying equity accounting to this </div><div class=\"t s3_182\" id=\"tn_182\" style=\"left:65px;bottom:840px;letter-spacing:-0.19px;word-spacing:-0.08px;display:inline;\">additional share of expenses, reduced the Group\u2019s investment to $nil. In addition, a liability of $18m was recognised, re</div><div class=\"t s4_182\" id=\"to_182\" style=\"left:710px;bottom:840px;letter-spacing:-0.18px;word-spacing:-0.09px;display:inline;\">flecting an unavoidable </div><div class=\"t s3_182\" id=\"tp_182\" style=\"left:65px;bottom:825px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">obligation to repay this amount in certain circumstances. The value of the liability is linked to the value of the hotel; increases in the property </div><div class=\"t s4_182\" id=\"tq_182\" style=\"left:65px;bottom:809px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">value are attributed first to the Group and are reflected as a reduction o</div><div class=\"t s3_182\" id=\"tr_182\" style=\"left:461px;bottom:809px;letter-spacing:-0.09px;word-spacing:-0.07px;display:inline;\">f the liability until it is reduced to $nil. </div><div class=\"t s3_182\" id=\"ts_182\" style=\"left:65px;bottom:786px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">In 2023, the increase in fair value of the hotel (according to pricing opinions provided by a professional external valuer) resulted in a full </div><div class=\"t s3_182\" id=\"tt_182\" style=\"left:65px;bottom:771px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">reversal of the liability but no further trigger for reversal of previous impairment charges. </div><div class=\"t s3_182\" id=\"tu_182\" style=\"left:65px;bottom:748px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The gain is presented as exceptional by reason of its size, the nature of the agreement and for consistency with the associated charges </div><div class=\"t s3_182\" id=\"tv_182\" style=\"left:65px;bottom:733px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">in 2022 and 2021. </div><div class=\"t s2_182\" id=\"tw_182\" style=\"left:65px;bottom:710px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">(d) Other operating income </div><div class=\"t s3_182\" id=\"tx_182\" style=\"left:65px;bottom:695px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Relates to amounts receivable from the Group\u2019s insurer under its business interruption policy for certain owned, leased and managed lease </div><div class=\"t s3_182\" id=\"ty_182\" style=\"left:65px;bottom:680px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">hotels due to Covid-19. </div><div class=\"t s3_182\" id=\"tz_182\" style=\"left:65px;bottom:657px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The income is presented as exceptional due to its size. </div><div class=\"t s2_182\" id=\"t10_182\" style=\"left:65px;bottom:634px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">(e) Impairment charge/reversals on contract assets </div><div class=\"t s3_182\" id=\"t11_182\" style=\"left:65px;bottom:618px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">In 2022, the $5m charge related to key money pertaining to managed and franchised hotels in Russia. The $3m reversal related to other </div><div class=\"t s3_182\" id=\"t12_182\" style=\"left:65px;bottom:603px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">impairments originally recorded in 2020 and arises as a result of the improved </div><div class=\"t s4_182\" id=\"t13_182\" style=\"left:502px;bottom:603px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">financial position o</div><div class=\"t s3_182\" id=\"t14_182\" style=\"left:607px;bottom:603px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">f owners or performance of the </div><div class=\"t s3_182\" id=\"t15_182\" style=\"left:65px;bottom:588px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">related hotels. </div><div class=\"t s3_182\" id=\"t16_182\" style=\"left:65px;bottom:565px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">These costs are presented as exceptional for consistency with (a) above and, in respect of releases, with the treatment applied in prior years. </div><div class=\"t s2_182\" id=\"t17_182\" style=\"left:65px;bottom:542px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">(f) Tax on exceptional items </div><div class=\"t s3_182\" id=\"t18_182\" style=\"left:65px;bottom:527px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The tax impacts of the exceptional items are shown in the table below: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_182\" id=\"t19_182\" style=\"left:580px;bottom:504px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_182\" id=\"t1a_182\" style=\"left:700px;bottom:504px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_182\" id=\"t1b_182\" style=\"left:821px;bottom:504px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_182\" id=\"t1c_182\" style=\"left:515px;bottom:487px;letter-spacing:0.07px;display:inline;\">Current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_182\" id=\"t1f_182\" style=\"left:563px;bottom:487px;letter-spacing:0.08px;display:inline;\">Deferred </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_182\" id=\"t1i_182\" style=\"left:636px;bottom:487px;letter-spacing:0.04px;display:inline;\">Current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_182\" id=\"t1l_182\" style=\"left:684px;bottom:487px;letter-spacing:0.07px;display:inline;\">Deferred </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_182\" id=\"t1o_182\" style=\"left:755px;bottom:487px;letter-spacing:0.04px;display:inline;\">Current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_182\" id=\"t1r_182\" style=\"left:803px;bottom:487px;letter-spacing:0.07px;display:inline;\">Deferred </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_182\" id=\"t1d_182\" style=\"left:536px;bottom:477px;letter-spacing:0.07px;display:inline;\">tax </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_182\" id=\"t1g_182\" style=\"left:589px;bottom:477px;letter-spacing:0.07px;display:inline;\">tax </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_182\" id=\"t1j_182\" style=\"left:656px;bottom:477px;letter-spacing:0.09px;display:inline;\">tax </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_182\" id=\"t1m_182\" style=\"left:709px;bottom:477px;letter-spacing:0.09px;display:inline;\">tax </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_182\" id=\"t1p_182\" style=\"left:775px;bottom:477px;letter-spacing:0.09px;display:inline;\">tax </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_182\" id=\"t1s_182\" style=\"left:828px;bottom:477px;letter-spacing:0.09px;display:inline;\">tax </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_182\" id=\"t1e_182\" style=\"left:535px;bottom:466px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_182\" id=\"t1h_182\" style=\"left:588px;bottom:466px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_182\" id=\"t1k_182\" style=\"left:655px;bottom:466px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_182\" id=\"t1n_182\" style=\"left:708px;bottom:466px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_182\" id=\"t1q_182\" style=\"left:774px;bottom:466px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_182\" id=\"t1t_182\" style=\"left:827px;bottom:466px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t1u_182\" style=\"left:65px;bottom:448px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Costs of ceasing operations in Russia </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_182\" id=\"t1v_182\" style=\"left:544px;bottom:448px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_182\" id=\"t1w_182\" style=\"left:597px;bottom:448px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t1x_182\" style=\"left:663px;bottom:448px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t1y_182\" style=\"left:717px;bottom:448px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t1z_182\" style=\"left:783px;bottom:448px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t20_182\" style=\"left:836px;bottom:448px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t21_182\" style=\"left:65px;bottom:430px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Commercial litigation and disputes </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_182\" id=\"t22_182\" style=\"left:544px;bottom:430px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_182\" id=\"t23_182\" style=\"left:597px;bottom:430px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t24_182\" style=\"left:663px;bottom:430px;display:inline;\">8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t25_182\" style=\"left:713px;bottom:430px;letter-spacing:-0.26px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t26_182\" style=\"left:783px;bottom:430px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t27_182\" style=\"left:835px;bottom:430px;display:inline;\">4 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t28_182\" style=\"left:65px;bottom:411px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Share of (pro</div><div class=\"t sa_182\" id=\"t29_182\" style=\"left:129px;bottom:411px;letter-spacing:-0.2px;word-spacing:-0.14px;display:inline;\">fits)/losses o</div><div class=\"t s8_182\" id=\"t2a_182\" style=\"left:191px;bottom:411px;letter-spacing:-0.2px;word-spacing:-0.15px;display:inline;\">f associate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_182\" id=\"t2b_182\" style=\"left:544px;bottom:411px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_182\" id=\"t2c_182\" style=\"left:593px;bottom:411px;letter-spacing:-0.5px;display:inline;\">(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t2d_182\" style=\"left:659px;bottom:411px;letter-spacing:-0.17px;display:inline;\">15 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t2e_182\" style=\"left:717px;bottom:411px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t2f_182\" style=\"left:783px;bottom:411px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t2g_182\" style=\"left:836px;bottom:411px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t2h_182\" style=\"left:65px;bottom:393px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Other operating income </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_182\" id=\"t2i_182\" style=\"left:540px;bottom:393px;letter-spacing:-0.42px;display:inline;\">(3) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_182\" id=\"t2j_182\" style=\"left:597px;bottom:393px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t2k_182\" style=\"left:663px;bottom:393px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t2l_182\" style=\"left:717px;bottom:393px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t2m_182\" style=\"left:783px;bottom:393px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t2n_182\" style=\"left:836px;bottom:393px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t2o_182\" style=\"left:65px;bottom:374px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Other net impairment reversals/(charges) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_182\" id=\"t2p_182\" style=\"left:544px;bottom:374px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_182\" id=\"t2q_182\" style=\"left:597px;bottom:374px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t2r_182\" style=\"left:665px;bottom:374px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t2s_182\" style=\"left:713px;bottom:374px;letter-spacing:-0.29px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t2t_182\" style=\"left:783px;bottom:374px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t2u_182\" style=\"left:837px;bottom:374px;display:inline;\">1 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s8_182\" id=\"t2v_182\" style=\"left:65px;bottom:356px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Adjustments in respect of prior years </div><div class=\"t sb_182\" id=\"t2w_182\" style=\"vertical-align: super;left:246px;bottom:362px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_182\" id=\"t2x_182\" style=\"left:544px;bottom:356px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_182\" id=\"t2y_182\" style=\"left:597px;bottom:356px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t2z_182\" style=\"left:662px;bottom:356px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t30_182\" style=\"left:717px;bottom:356px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t31_182\" style=\"left:779px;bottom:356px;letter-spacing:-0.26px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t32_182\" style=\"left:836px;bottom:356px;display:inline;\">\u2013 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_182\" id=\"t33_182\" style=\"left:540px;bottom:337px;letter-spacing:-0.42px;display:inline;\">(3) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_182\" id=\"t34_182\" style=\"left:593px;bottom:337px;letter-spacing:-0.5px;display:inline;\">(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t35_182\" style=\"left:656px;bottom:337px;letter-spacing:-0.11px;display:inline;\">33 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t36_182\" style=\"left:713px;bottom:337px;letter-spacing:0.03px;display:inline;\">(7) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t37_182\" style=\"left:779px;bottom:337px;letter-spacing:-0.26px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t38_182\" style=\"left:835px;bottom:337px;display:inline;\">5 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_182\" id=\"t39_182\" style=\"left:65px;bottom:319px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Total current and deferred tax </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_182\" id=\"t3a_182\" style=\"left:593px;bottom:319px;letter-spacing:-0.06px;display:inline;\">(7) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t3b_182\" style=\"left:710px;bottom:319px;letter-spacing:-0.26px;display:inline;\">26 </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_182\" id=\"t3c_182\" style=\"left:835px;bottom:319px;display:inline;\">3 </div></td></tr></table>\n<div class=\"t sc_182\" id=\"t3d_182\" style=\"left:65px;bottom:295px;display:inline;\">a </div><div class=\"t s7_182\" id=\"t3e_182\" style=\"left:74px;bottom:291px;letter-spacing:0.03px;word-spacing:-0.14px;display:inline;\">In 2022, related to the release of tax contingencies no longer needed; one of these was as a result of the closure of a tax audit of the 2014 US federal income tax return. In 2021, </div><div class=\"t s7_182\" id=\"t3f_182\" style=\"left:74px;bottom:280px;letter-spacing:0.02px;word-spacing:-0.13px;display:inline;\">the tax charge related to the same audit. </div><div class=\"t s2_182\" id=\"t3g_182\" style=\"left:65px;bottom:248px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">(g) Exceptional tax </div><div class=\"t s3_182\" id=\"t3h_182\" style=\"left:65px;bottom:233px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Related to the enactment of a change to the UK rate of corporate income tax from 19% to 25%, e\ufb00ective 1 April 2023. The change resulted in </div><div class=\"t s3_182\" id=\"t3i_182\" style=\"left:65px;bottom:218px;letter-spacing:-0.12px;word-spacing:-0.09px;display:inline;\">the re-measurement of those UK deferred tax assets and liabilities which are forecast to be utilised or crystallise after this e\ufb00ective date, using </div><div class=\"t s3_182\" id=\"t3j_182\" style=\"left:65px;bottom:203px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">the higher tax rate. A further credit of $4m was recorded within the Group statement of comprehensive income in respect of movements in </div><div class=\"t s3_182\" id=\"t3k_182\" style=\"left:65px;bottom:187px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">deferred tax assets and liabilities originally recorded there. The value attributable to unrecognised deferred tax assets increased by $34m </div>as a result of the rate change; this had no impact on the reported tax charge.",
   "dimensions": {
    "concept": "ihg:DisclosureOfExceptionalItemsExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f30125": {
   "value": "7. Financial income and expenses <table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_183\" id=\"t2_183\" style=\"left:686px;bottom:1105px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_183\" id=\"t4_183\" style=\"left:753px;bottom:1105px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_183\" id=\"t6_183\" style=\"left:821px;bottom:1105px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_183\" id=\"t3_183\" style=\"left:695px;bottom:1094px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_183\" id=\"t5_183\" style=\"left:761px;bottom:1094px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_183\" id=\"t7_183\" style=\"left:827px;bottom:1094px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t8_183\" style=\"left:65px;bottom:1077px;letter-spacing:-0.19px;word-spacing:-0.18px;display:inline;\">Financial income </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t9_183\" style=\"left:65px;bottom:1058px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Financial income on deposits and money market funds </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"ta_183\" style=\"left:695px;bottom:1058px;letter-spacing:-0.17px;display:inline;\">33 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"tb_183\" style=\"left:765px;bottom:1058px;letter-spacing:-0.32px;display:inline;\">17 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"tc_183\" style=\"left:835px;bottom:1058px;display:inline;\">2 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"td_183\" style=\"left:65px;bottom:1039px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Interest income on loans and other assets </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"te_183\" style=\"left:702px;bottom:1039px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"tf_183\" style=\"left:769px;bottom:1039px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"tg_183\" style=\"left:835px;bottom:1039px;display:inline;\">6 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"th_183\" style=\"left:695px;bottom:1021px;letter-spacing:-0.17px;display:inline;\">39 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"ti_183\" style=\"left:763px;bottom:1021px;letter-spacing:0.03px;display:inline;\">22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"tj_183\" style=\"left:835px;bottom:1021px;display:inline;\">8 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"tk_183\" style=\"left:65px;bottom:1002px;letter-spacing:-0.19px;word-spacing:-0.18px;display:inline;\">Financial expenses </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"tl_183\" style=\"left:65px;bottom:984px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Interest expense on external borrowings </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"tm_183\" style=\"left:695px;bottom:984px;letter-spacing:-0.12px;display:inline;\">85 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"tn_183\" style=\"left:763px;bottom:984px;letter-spacing:-0.15px;display:inline;\">92 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"to_183\" style=\"left:823px;bottom:984px;letter-spacing:-0.16px;display:inline;\">109 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"tp_183\" style=\"left:65px;bottom:965px;letter-spacing:-0.21px;word-spacing:-0.13px;display:inline;\">Interest expense on lease liabilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"tq_183\" style=\"left:695px;bottom:965px;letter-spacing:-0.12px;display:inline;\">29 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"tr_183\" style=\"left:763px;bottom:965px;letter-spacing:-0.17px;display:inline;\">29 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"ts_183\" style=\"left:829px;bottom:965px;letter-spacing:-0.17px;display:inline;\">29 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"tt_183\" style=\"left:65px;bottom:947px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Unwind of discount on deferred purchase consideration </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"tu_183\" style=\"left:704px;bottom:947px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"tv_183\" style=\"left:770px;bottom:947px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"tw_183\" style=\"left:837px;bottom:947px;display:inline;\">1 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"tx_183\" style=\"left:65px;bottom:928px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Foreign exchange gains </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"ty_183\" style=\"left:692px;bottom:928px;letter-spacing:-0.32px;display:inline;\">(35) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"tz_183\" style=\"left:761px;bottom:928px;letter-spacing:-0.3px;display:inline;\">(10) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t10_183\" style=\"left:836px;bottom:928px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t11_183\" style=\"left:65px;bottom:910px;letter-spacing:-0.21px;word-spacing:-0.16px;display:inline;\">Other charges </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t12_183\" style=\"left:700px;bottom:910px;letter-spacing:-0.3px;display:inline;\">11 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t13_183\" style=\"left:770px;bottom:910px;display:inline;\">7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t14_183\" style=\"left:835px;bottom:910px;display:inline;\">8 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t15_183\" style=\"left:697px;bottom:891px;letter-spacing:-0.17px;display:inline;\">91 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t16_183\" style=\"left:760px;bottom:891px;letter-spacing:-0.27px;display:inline;\">118 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t17_183\" style=\"left:825px;bottom:891px;letter-spacing:-0.38px;display:inline;\">147 </div></td></tr></table>\n<div class=\"t s5_183\" id=\"t18_183\" style=\"left:65px;bottom:854px;letter-spacing:-0.22px;word-spacing:-0.11px;display:inline;\">Financial income comprises $24m (2022: $12m, 2021: $8m) relating to financial assets held at amortised cost and $15m (2022: $10m, 2021: $nil) </div><div class=\"t s5_183\" id=\"t19_183\" style=\"left:65px;bottom:839px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">relating to financial assets held at FVTPL. </div><div class=\"t s6_183\" id=\"t1a_183\" style=\"left:65px;bottom:816px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Interest expense on external borrowings and unwind of discount on deferred purchase consideration relate to </div><div class=\"t s5_183\" id=\"t1b_183\" style=\"left:679px;bottom:816px;letter-spacing:-0.07px;word-spacing:-0.09px;display:inline;\">financial liabilities which are </div><div class=\"t s6_183\" id=\"t1c_183\" style=\"left:65px;bottom:800px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">held at amortised cost. Other charges includes bank charges and non-bank interest expense. </div><div class=\"t s6_183\" id=\"t1d_183\" style=\"left:65px;bottom:778px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">In 2023, $43m (2022: $15m, 2021: $1m) was payable to the System Fund in relation to interest accumulated on the balance of cash received </div><div class=\"t s6_183\" id=\"t1e_183\" style=\"left:65px;bottom:762px;letter-spacing:-0.11px;word-spacing:-0.09px;display:inline;\">in advance of the consumption of points awarded through the IHG One Rewards loyalty programme. The expense and corresponding System </div><div class=\"t s5_183\" id=\"t1f_183\" style=\"left:65px;bottom:747px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Fund interest income are eliminated within financial expenses. On a net basis, financial income and expenses includes $1m (2022: $1m, </div><div class=\"t s6_183\" id=\"t1g_183\" style=\"left:65px;bottom:732px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">2021: $2m) of other interest which is also attributable to the System Fund. </div>Net interest payable as calculated for bank covenants can be found on page 201.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f30247": {
   "value": "8. Tax <div class=\"t s7_183\" id=\"t1j_183\" style=\"left:65px;bottom:658px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">Tax on profit/(loss) </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"2\" rowspan=\"1\" style=\"text-align: center;\"><div class=\"t s8_183\" id=\"t1k_183\" style=\"left:436px;bottom:647px;letter-spacing:0.09px;word-spacing:-0.18px;display:inline;\">United Kingdom </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"2\" rowspan=\"1\" style=\"text-align: center;\"><div class=\"t s8_183\" id=\"t1l_183\" style=\"left:592px;bottom:647px;letter-spacing:0.08px;word-spacing:-0.19px;display:inline;\">Other jurisdictions </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_183\" id=\"t1m_183\" style=\"left:819px;bottom:647px;letter-spacing:-0.07px;display:inline;\">Total </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_183\" id=\"t1n_183\" style=\"left:373px;bottom:631px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_183\" id=\"t1p_183\" style=\"left:430px;bottom:631px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_183\" id=\"t1r_183\" style=\"left:487px;bottom:631px;letter-spacing:0.16px;display:inline;\">2021 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_183\" id=\"t1t_183\" style=\"left:540px;bottom:631px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_183\" id=\"t1v_183\" style=\"left:597px;bottom:631px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_183\" id=\"t1x_183\" style=\"left:654px;bottom:631px;letter-spacing:0.16px;display:inline;\">2021 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_183\" id=\"t1z_183\" style=\"left:707px;bottom:631px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_183\" id=\"t21_183\" style=\"left:764px;bottom:631px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_183\" id=\"t23_183\" style=\"left:821px;bottom:631px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_183\" id=\"t1o_183\" style=\"left:382px;bottom:620px;letter-spacing:0.2px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_183\" id=\"t1q_183\" style=\"left:438px;bottom:620px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_183\" id=\"t1s_183\" style=\"left:493px;bottom:620px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_183\" id=\"t1u_183\" style=\"left:549px;bottom:620px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_183\" id=\"t1w_183\" style=\"left:605px;bottom:620px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_183\" id=\"t1y_183\" style=\"left:660px;bottom:620px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_183\" id=\"t20_183\" style=\"left:716px;bottom:620px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_183\" id=\"t22_183\" style=\"left:771px;bottom:620px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_183\" id=\"t24_183\" style=\"left:827px;bottom:620px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t25_183\" style=\"left:65px;bottom:603px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Current tax </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t26_183\" style=\"left:65px;bottom:584px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Current period </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t27_183\" style=\"left:385px;bottom:584px;letter-spacing:-0.22px;display:inline;\">16 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t28_183\" style=\"left:446px;bottom:584px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t29_183\" style=\"left:504px;bottom:584px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t2a_183\" style=\"left:543px;bottom:584px;letter-spacing:-0.13px;display:inline;\">245 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t2b_183\" style=\"left:603px;bottom:584px;letter-spacing:-0.09px;display:inline;\">177 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t2c_183\" style=\"left:657px;bottom:584px;letter-spacing:-0.13px;display:inline;\">138 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t2d_183\" style=\"left:712px;bottom:584px;letter-spacing:-0.18px;display:inline;\">261 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t2e_183\" style=\"left:768px;bottom:584px;letter-spacing:-0.15px;display:inline;\">183 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t2f_183\" style=\"left:824px;bottom:584px;letter-spacing:-0.14px;display:inline;\">139 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t2g_183\" style=\"left:65px;bottom:565px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Adjustments in respect of prior periods </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t2h_183\" style=\"left:391px;bottom:565px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t2i_183\" style=\"left:443px;bottom:565px;letter-spacing:-0.26px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t2j_183\" style=\"left:502px;bottom:565px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t2k_183\" style=\"left:552px;bottom:565px;letter-spacing:-0.25px;display:inline;\">12 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t2l_183\" style=\"left:609px;bottom:565px;letter-spacing:-0.29px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t2m_183\" style=\"left:668px;bottom:565px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t2n_183\" style=\"left:719px;bottom:565px;letter-spacing:-0.25px;display:inline;\">12 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t2o_183\" style=\"left:776px;bottom:565px;letter-spacing:0.03px;display:inline;\">(7) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t2p_183\" style=\"left:835px;bottom:565px;display:inline;\">4 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t2q_183\" style=\"left:385px;bottom:546px;letter-spacing:-0.22px;display:inline;\">16 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t2r_183\" style=\"left:446px;bottom:546px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t2s_183\" style=\"left:503px;bottom:546px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t2t_183\" style=\"left:544px;bottom:546px;letter-spacing:-0.23px;display:inline;\">257 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t2u_183\" style=\"left:603px;bottom:546px;letter-spacing:-0.26px;display:inline;\">172 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t2v_183\" style=\"left:658px;bottom:546px;letter-spacing:-0.27px;display:inline;\">142 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t2w_183\" style=\"left:711px;bottom:546px;letter-spacing:-0.28px;display:inline;\">273 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t2x_183\" style=\"left:770px;bottom:546px;letter-spacing:-0.36px;display:inline;\">176 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t2y_183\" style=\"left:824px;bottom:546px;letter-spacing:-0.13px;display:inline;\">143 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_183\" id=\"t2z_183\" style=\"left:65px;bottom:527px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Deferred tax </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t30_183\" style=\"left:65px;bottom:509px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Origination and reversal of temporary di\ufb00erences </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t31_183\" style=\"left:392px;bottom:509px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t32_183\" style=\"left:445px;bottom:509px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t33_183\" style=\"left:498px;bottom:509px;letter-spacing:0.03px;display:inline;\">(7) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t34_183\" style=\"left:549px;bottom:509px;letter-spacing:-0.26px;display:inline;\">(21) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t35_183\" style=\"left:609px;bottom:509px;letter-spacing:-0.38px;display:inline;\">(6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t36_183\" style=\"left:661px;bottom:509px;letter-spacing:-0.36px;display:inline;\">(14) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t37_183\" style=\"left:712px;bottom:509px;letter-spacing:-0.28px;display:inline;\">(20) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t38_183\" style=\"left:776px;bottom:509px;letter-spacing:0.03px;display:inline;\">(7) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t39_183\" style=\"left:828px;bottom:509px;letter-spacing:-0.2px;display:inline;\">(21) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t3a_183\" style=\"left:65px;bottom:490px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Changes in tax rates and tax laws </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t3b_183\" style=\"left:391px;bottom:490px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t3c_183\" style=\"left:447px;bottom:490px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t3d_183\" style=\"left:492px;bottom:490px;letter-spacing:-0.23px;display:inline;\">(25) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t3e_183\" style=\"left:557px;bottom:490px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t3f_183\" style=\"left:613px;bottom:490px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t3g_183\" style=\"left:669px;bottom:490px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t3h_183\" style=\"left:723px;bottom:490px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t3i_183\" style=\"left:780px;bottom:490px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t3j_183\" style=\"left:826px;bottom:490px;letter-spacing:-0.23px;display:inline;\">(25) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t3k_183\" style=\"left:65px;bottom:472px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Adjustments to unprovided or unrecognised </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s4_183\" id=\"t3l_183\" style=\"left:65px;bottom:459px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">deferred tax </div><div class=\"t sa_183\" id=\"t3m_183\" style=\"vertical-align: super;left:125px;bottom:465px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t3n_183\" style=\"left:391px;bottom:459px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t3o_183\" style=\"left:443px;bottom:459px;letter-spacing:-0.26px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t3p_183\" style=\"left:502px;bottom:459px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t3q_183\" style=\"left:556px;bottom:459px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t3r_183\" style=\"left:613px;bottom:459px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t3s_183\" style=\"left:669px;bottom:459px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t3t_183\" style=\"left:723px;bottom:459px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t3u_183\" style=\"left:776px;bottom:459px;letter-spacing:-0.26px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t3v_183\" style=\"left:835px;bottom:459px;display:inline;\">2 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t3w_183\" style=\"left:65px;bottom:440px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Adjustments in respect of prior periods </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t3x_183\" style=\"left:392px;bottom:440px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t3y_183\" style=\"left:446px;bottom:440px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t3z_183\" style=\"left:504px;bottom:440px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t40_183\" style=\"left:555px;bottom:440px;letter-spacing:-0.39px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t41_183\" style=\"left:609px;bottom:440px;letter-spacing:-0.29px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t42_183\" style=\"left:665px;bottom:440px;letter-spacing:-0.49px;display:inline;\">(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t43_183\" style=\"left:724px;bottom:440px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t44_183\" style=\"left:776px;bottom:440px;letter-spacing:-0.4px;display:inline;\">(3) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t45_183\" style=\"left:832px;bottom:440px;letter-spacing:-0.4px;display:inline;\">(3) </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t46_183\" style=\"left:390px;bottom:420px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t47_183\" style=\"left:445px;bottom:420px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t48_183\" style=\"left:492px;bottom:420px;letter-spacing:-0.23px;display:inline;\">(29) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t49_183\" style=\"left:549px;bottom:420px;letter-spacing:-0.31px;display:inline;\">(15) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t4a_183\" style=\"left:607px;bottom:420px;letter-spacing:-0.33px;display:inline;\">(11) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t4b_183\" style=\"left:661px;bottom:420px;letter-spacing:-0.29px;display:inline;\">(18) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t4c_183\" style=\"left:715px;bottom:420px;letter-spacing:-0.35px;display:inline;\">(13) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t4d_183\" style=\"left:772px;bottom:420px;letter-spacing:-0.3px;display:inline;\">(12) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t4e_183\" style=\"left:826px;bottom:420px;letter-spacing:-0.3px;display:inline;\">(47) </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s9_183\" id=\"t4f_183\" style=\"left:65px;bottom:402px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Income tax charge/(credit) for the year </div><div class=\"t sb_183\" id=\"t4g_183\" style=\"vertical-align: super;left:261px;bottom:408px;display:inline;\">b </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t4h_183\" style=\"left:385px;bottom:402px;letter-spacing:-0.22px;display:inline;\">18 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t4i_183\" style=\"left:446px;bottom:402px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t4j_183\" style=\"left:492px;bottom:402px;letter-spacing:-0.27px;display:inline;\">(28) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t4k_183\" style=\"left:543px;bottom:402px;letter-spacing:-0.25px;display:inline;\">242 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t4l_183\" style=\"left:604px;bottom:402px;letter-spacing:-0.13px;display:inline;\">161 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t4m_183\" style=\"left:658px;bottom:402px;letter-spacing:-0.32px;display:inline;\">124 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_183\" id=\"t4n_183\" style=\"left:709px;bottom:402px;letter-spacing:-0.2px;display:inline;\">260 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t4o_183\" style=\"left:768px;bottom:402px;letter-spacing:-0.14px;display:inline;\">164 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_183\" id=\"t4p_183\" style=\"left:828px;bottom:402px;display:inline;\">96 </div></td></tr></table>\n<div class=\"t sc_183\" id=\"t4q_183\" style=\"left:65px;bottom:378px;display:inline;\">a </div><div class=\"t s2_183\" id=\"t4r_183\" style=\"left:74px;bottom:374px;letter-spacing:0.03px;word-spacing:-0.13px;display:inline;\">Represents a reassessment of the recovery of deferred taxes in line with the Group\u2019s pro</div><div class=\"t sd_183\" id=\"t4s_183\" style=\"left:446px;bottom:374px;letter-spacing:0.08px;display:inline;\">fit </div><div class=\"t s2_183\" id=\"t4t_183\" style=\"left:457px;bottom:374px;letter-spacing:0.08px;display:inline;\">forecasts. </div><div class=\"t sc_183\" id=\"t4u_183\" style=\"left:65px;bottom:360px;display:inline;\">b </div><div class=\"t s2_183\" id=\"t4v_183\" style=\"left:74px;bottom:356px;letter-spacing:0.05px;word-spacing:-0.15px;display:inline;\">\u2018Other jurisdictions\u2019 includes $172m (2022: $134m, 2021: $112m) in respect of US taxes. </div><div class=\"t se_183\" id=\"t4w_183\" style=\"left:65px;bottom:31px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\"> </div><div class=\"t m0_183 sf_183\" id=\"t4x_183\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t se_183\" id=\"t4y_183\" style=\"left:828px;bottom:31px;display:inline;\"></div><div></div><div class=\"t s2_184\" id=\"t3_184\" style=\"left:65px;bottom:1100px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">Reconciliation of tax charge </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_184\" id=\"t4_184\" style=\"left:686px;bottom:1085px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_184\" id=\"t6_184\" style=\"left:753px;bottom:1085px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_184\" id=\"t8_184\" style=\"left:821px;bottom:1085px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_184\" id=\"t5_184\" style=\"left:702px;bottom:1075px;display:inline;\">% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_184\" id=\"t7_184\" style=\"left:768px;bottom:1075px;display:inline;\">% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_184\" id=\"t9_184\" style=\"left:834px;bottom:1075px;display:inline;\">% </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"ta_184\" style=\"left:65px;bottom:1057px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">Tax at UK blended rate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_184\" id=\"tb_184\" style=\"left:686px;bottom:1057px;letter-spacing:-0.16px;display:inline;\">23.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"tc_184\" style=\"left:754px;bottom:1057px;letter-spacing:-0.3px;display:inline;\">19.0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"td_184\" style=\"left:821px;bottom:1057px;letter-spacing:-0.3px;display:inline;\">19.0 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"te_184\" style=\"left:65px;bottom:1038px;letter-spacing:-0.29px;word-spacing:-0.06px;display:inline;\">Tax credits </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_184\" id=\"tf_184\" style=\"left:689px;bottom:1038px;letter-spacing:-0.33px;display:inline;\">(0.5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"tg_184\" style=\"left:758px;bottom:1038px;letter-spacing:-0.42px;display:inline;\">(0.1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"th_184\" style=\"left:824px;bottom:1038px;letter-spacing:-0.42px;display:inline;\">(0.1) </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s5_184\" id=\"ti_184\" style=\"left:65px;bottom:1020px;letter-spacing:-0.29px;word-spacing:-0.09px;display:inline;\">System Fund </div><div class=\"t s7_184\" id=\"tj_184\" style=\"vertical-align: super;left:129px;bottom:1026px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_184\" id=\"tk_184\" style=\"left:691px;bottom:1020px;letter-spacing:-0.27px;display:inline;\">(1.3) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"tl_184\" style=\"left:762px;bottom:1020px;letter-spacing:-0.36px;display:inline;\">3.1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"tm_184\" style=\"left:825px;bottom:1020px;letter-spacing:-0.27px;display:inline;\">0.4 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"tn_184\" style=\"left:65px;bottom:1001px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Foreign exchange gains </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_184\" id=\"to_184\" style=\"left:691px;bottom:1001px;letter-spacing:-0.33px;display:inline;\">(1.0) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"tp_184\" style=\"left:755px;bottom:1001px;letter-spacing:-0.3px;display:inline;\">(0.9) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"tq_184\" style=\"left:836px;bottom:1001px;display:inline;\">\u2013 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s5_184\" id=\"tr_184\" style=\"left:65px;bottom:983px;letter-spacing:-0.22px;word-spacing:-0.16px;display:inline;\">Other permanent di\ufb00erences </div><div class=\"t s7_184\" id=\"ts_184\" style=\"vertical-align: super;left:209px;bottom:989px;display:inline;\">b </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_184\" id=\"tt_184\" style=\"left:691px;bottom:983px;letter-spacing:-0.29px;display:inline;\">0.9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"tu_184\" style=\"left:759px;bottom:983px;letter-spacing:-0.21px;display:inline;\">0.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"tv_184\" style=\"left:827px;bottom:983px;letter-spacing:-0.19px;display:inline;\">1.4 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"tw_184\" style=\"left:65px;bottom:964px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Non-recoverable foreign taxes </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_184\" id=\"tx_184\" style=\"left:694px;bottom:964px;letter-spacing:-0.15px;display:inline;\">1.3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"ty_184\" style=\"left:759px;bottom:964px;letter-spacing:-0.11px;display:inline;\">3.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"tz_184\" style=\"left:825px;bottom:964px;letter-spacing:-0.11px;display:inline;\">3.5 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s5_184\" id=\"t10_184\" style=\"left:65px;bottom:946px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Net e\ufb00ect of di\ufb00erent rates of tax </div><div class=\"t s7_184\" id=\"t11_184\" style=\"vertical-align: super;left:227px;bottom:952px;display:inline;\">c </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_184\" id=\"t12_184\" style=\"left:695px;bottom:946px;letter-spacing:-0.14px;display:inline;\">1.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"t13_184\" style=\"left:759px;bottom:946px;letter-spacing:-0.14px;display:inline;\">6.3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"t14_184\" style=\"left:825px;bottom:946px;letter-spacing:-0.17px;display:inline;\">6.8 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s5_184\" id=\"t15_184\" style=\"left:65px;bottom:927px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">E\ufb00ect of changes in UK tax rates and laws </div><div class=\"t s7_184\" id=\"t16_184\" style=\"vertical-align: super;left:269px;bottom:934px;display:inline;\">d </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_184\" id=\"t17_184\" style=\"left:703px;bottom:927px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"t18_184\" style=\"left:770px;bottom:927px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"t19_184\" style=\"left:823px;bottom:927px;letter-spacing:-0.4px;display:inline;\">(7.0) </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s5_184\" id=\"t1a_184\" style=\"left:65px;bottom:909px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">E\ufb00ects of substantive enactment of UAE tax rates and laws </div><div class=\"t s7_184\" id=\"t1b_184\" style=\"vertical-align: super;left:352px;bottom:915px;display:inline;\">e </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_184\" id=\"t1c_184\" style=\"left:688px;bottom:909px;letter-spacing:-0.36px;display:inline;\">(0.9) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"t1d_184\" style=\"left:770px;bottom:909px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"t1e_184\" style=\"left:836px;bottom:909px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"t1f_184\" style=\"left:65px;bottom:890px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">E\ufb00ect of changes in other tax rates and laws </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_184\" id=\"t1g_184\" style=\"left:692px;bottom:890px;letter-spacing:-0.2px;display:inline;\">0.2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"t1h_184\" style=\"left:761px;bottom:890px;letter-spacing:-0.45px;display:inline;\">0.1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"t1i_184\" style=\"left:836px;bottom:890px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"t1j_184\" style=\"left:65px;bottom:872px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Reduction in current tax expense by previously unrecognised deferred tax assets </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_184\" id=\"t1k_184\" style=\"left:703px;bottom:872px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"t1l_184\" style=\"left:770px;bottom:872px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"t1m_184\" style=\"left:824px;bottom:872px;letter-spacing:-0.42px;display:inline;\">(0.1) </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s5_184\" id=\"t1n_184\" style=\"left:65px;bottom:853px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Items on which deferred tax arose but where no deferred tax is recognised </div><div class=\"t s7_184\" id=\"t1o_184\" style=\"vertical-align: super;left:431px;bottom:859px;display:inline;\">f </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_184\" id=\"t1p_184\" style=\"left:692px;bottom:853px;letter-spacing:-0.2px;display:inline;\">0.2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"t1q_184\" style=\"left:762px;bottom:853px;letter-spacing:-0.08px;display:inline;\">1.2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"t1r_184\" style=\"left:825px;bottom:853px;letter-spacing:-0.28px;display:inline;\">2.0 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s5_184\" id=\"t1s_184\" style=\"left:65px;bottom:835px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">E\ufb00ect of adjustments to unprovided or unrecognised deferred taxes </div><div class=\"t s7_184\" id=\"t1t_184\" style=\"vertical-align: super;left:399px;bottom:841px;display:inline;\">g </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_184\" id=\"t1u_184\" style=\"left:692px;bottom:835px;letter-spacing:-0.26px;display:inline;\">0.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"t1v_184\" style=\"left:755px;bottom:835px;letter-spacing:-0.33px;display:inline;\">(0.4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"t1w_184\" style=\"left:825px;bottom:835px;letter-spacing:-0.21px;display:inline;\">0.5 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s5_184\" id=\"t1x_184\" style=\"left:65px;bottom:816px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Adjustment to tax charge in respect of prior periods </div><div class=\"t s7_184\" id=\"t1y_184\" style=\"vertical-align: super;left:320px;bottom:822px;display:inline;\">h </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_184\" id=\"t1z_184\" style=\"left:694px;bottom:816px;letter-spacing:-0.15px;display:inline;\">1.3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"t20_184\" style=\"left:758px;bottom:816px;letter-spacing:-0.24px;display:inline;\">(1.9) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"t21_184\" style=\"left:825px;bottom:816px;letter-spacing:-0.16px;display:inline;\">0.2 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_184\" id=\"t22_184\" style=\"left:687px;bottom:797px;letter-spacing:-0.27px;display:inline;\">25.7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"t23_184\" style=\"left:752px;bottom:797px;letter-spacing:-0.23px;display:inline;\">30.4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_184\" id=\"t24_184\" style=\"left:819px;bottom:797px;letter-spacing:-0.23px;display:inline;\">26.6 </div></td></tr></table>\n<div class=\"t s8_184\" id=\"t25_184\" style=\"left:65px;bottom:774px;display:inline;\">a </div><div class=\"t s4_184\" id=\"t26_184\" style=\"left:74px;bottom:770px;letter-spacing:0.02px;word-spacing:-0.13px;display:inline;\">The System Fund is, in general, not subject to taxation. </div><div class=\"t s8_184\" id=\"t27_184\" style=\"left:65px;bottom:756px;display:inline;\">b </div><div class=\"t s4_184\" id=\"t28_184\" style=\"left:74px;bottom:752px;letter-spacing:0.04px;word-spacing:-0.15px;display:inline;\">Includes (0.6) percentage points (2022: (1.0) percentage points, 2021: (0.7) percentage points) in respect of the US Foreign-derived intangible income regime. </div><div class=\"t s8_184\" id=\"t29_184\" style=\"left:65px;bottom:737px;display:inline;\">c </div><div class=\"t s4_184\" id=\"t2a_184\" style=\"left:74px;bottom:733px;letter-spacing:0.03px;word-spacing:-0.14px;display:inline;\">Includes 1.3 percentage points (2022: 6.9 percentage points, 2021: 7.1 percentage points) driven by the relatively high blended US rate, which includes US Federal and State taxes. </div><div class=\"t s8_184\" id=\"t2b_184\" style=\"left:65px;bottom:719px;display:inline;\">d </div><div class=\"t s4_184\" id=\"t2c_184\" style=\"left:74px;bottom:715px;letter-spacing:0.02px;word-spacing:-0.13px;display:inline;\">In 2021, the UK Government enacted an increase to the UK rate of Corporation Tax from 19% to 25%. </div><div class=\"t s8_184\" id=\"t2d_184\" style=\"left:65px;bottom:701px;display:inline;\">e </div><div class=\"t s4_184\" id=\"t2e_184\" style=\"left:74px;bottom:697px;letter-spacing:0.03px;word-spacing:-0.14px;display:inline;\">During 2023, law implementing a new corporate income tax regime was substantively enacted in the UAE. This resulted in the recognition of a deferred tax asset of $9m in the UAE. </div><div class=\"t s4_184\" id=\"t2f_184\" style=\"left:74px;bottom:686px;letter-spacing:0.05px;word-spacing:-0.15px;display:inline;\">Absent further law change, this bene</div><div class=\"t s9_184\" id=\"t2g_184\" style=\"left:230px;bottom:686px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">fit is not likely to reoccur. </div><div class=\"t s8_184\" id=\"t2h_184\" style=\"left:65px;bottom:672px;display:inline;\">f </div><div class=\"t s4_184\" id=\"t2i_184\" style=\"left:74px;bottom:668px;letter-spacing:0.02px;word-spacing:-0.13px;display:inline;\">Predominantly in respect of losses arising in the year. </div><div class=\"t s8_184\" id=\"t2j_184\" style=\"left:65px;bottom:653px;display:inline;\">g </div><div class=\"t s4_184\" id=\"t2k_184\" style=\"left:74px;bottom:649px;letter-spacing:0.03px;word-spacing:-0.14px;display:inline;\">Entirely in respect of adjustments relating to estimated recoverable deferred tax assets other than 2023. In 2023, includes 0.7 percentage points respectively relating to the provision </div><div class=\"t s4_184\" id=\"t2l_184\" style=\"left:74px;bottom:639px;letter-spacing:0.04px;word-spacing:-0.15px;display:inline;\">of previously unprovided deferred tax liabilities which arise on temporary di\ufb00erences in subsidiaries. </div><div class=\"t s8_184\" id=\"t2m_184\" style=\"left:65px;bottom:624px;display:inline;\">h </div><div class=\"t s9_184\" id=\"t2n_184\" style=\"left:74px;bottom:620px;letter-spacing:0.02px;word-spacing:-0.14px;display:inline;\">Relates to the finalisation o</div><div class=\"t s4_184\" id=\"t2o_184\" style=\"left:187px;bottom:620px;letter-spacing:0.04px;word-spacing:-0.15px;display:inline;\">f tax returns, activity from tax authorities such as tax audits and the reassessment of provisions for uncertain tax positions. </div><div class=\"t s2_184\" id=\"t2p_184\" style=\"left:65px;bottom:588px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Factors that may a\ufb00ect the future tax charge </div><div class=\"t sa_184\" id=\"t2q_184\" style=\"left:65px;bottom:573px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">Many factors will a\ufb00ect the Group\u2019s future tax rate, the main ones being future legislative developments, future pro</div><div class=\"t sb_184\" id=\"t2r_184\" style=\"left:701px;bottom:573px;letter-spacing:-0.04px;word-spacing:-0.12px;display:inline;\">fitability o</div><div class=\"t sa_184\" id=\"t2s_184\" style=\"left:756px;bottom:573px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">f underlying </div><div class=\"t sa_184\" id=\"t2t_184\" style=\"left:65px;bottom:558px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">subsidiaries and tax uncertainties. </div><div class=\"t sa_184\" id=\"t2u_184\" style=\"left:65px;bottom:535px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">In 2021, the OECD made proposals for worldwide tax reform under a two \u2018pillar\u2019 system \u2013 Pillar One and Pillar Two. Pillar One has not been </div><div class=\"t sa_184\" id=\"t2v_184\" style=\"left:65px;bottom:520px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">enacted in any jurisdiction, but even if it were in its current form, the Group would not expect to be impacted. </div><div class=\"t sb_184\" id=\"t2w_184\" style=\"left:65px;bottom:497px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Pillar Two seeks to impose a global minimum tax, essentially establishing a floor on corporate tax competition by ensuring a large </div><div class=\"t sa_184\" id=\"t2x_184\" style=\"left:65px;bottom:481px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">multinational enterprise is subject to tax in each jurisdiction at a 15% e\ufb00ective minimum tax rate regardless of where it operates. A total </div><div class=\"t sa_184\" id=\"t2y_184\" style=\"left:65px;bottom:466px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">of 145 jurisdictions have agreed in principle to implement the Pillar Two rules with approximately a third of these actively preparing and </div><div class=\"t sa_184\" id=\"t2z_184\" style=\"left:65px;bottom:451px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">implementing legislation. Notably the UK, the Group\u2019s headquarter jurisdiction, substantively enacted the Pillar Two rules in 2023 and as </div><div class=\"t sa_184\" id=\"t30_184\" style=\"left:65px;bottom:436px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">such they will apply to the Group on a worldwide basis from 1 January 2024, with the </div><div class=\"t sb_184\" id=\"t31_184\" style=\"left:536px;bottom:436px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">first tax return due to be filed by 30 June 2026. </div><div class=\"t sb_184\" id=\"t32_184\" style=\"left:65px;bottom:413px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">For the first three years o</div><div class=\"t sa_184\" id=\"t33_184\" style=\"left:203px;bottom:413px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">f operation, transitional exemptions operate on a jurisdiction-by-jurisdiction basis to remove the need to prepare </div><div class=\"t sa_184\" id=\"t34_184\" style=\"left:65px;bottom:397px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">full calculations. The Group has analysed these exemptions on the assumption that the Pillar Two rules were to have applied in the periods </div><div class=\"t sa_184\" id=\"t35_184\" style=\"left:65px;bottom:382px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">2019 to 2022 and concluded that only three jurisdictions in the Group would have failed to meet the exemptions once transactions or items </div><div class=\"t sa_184\" id=\"t36_184\" style=\"left:65px;bottom:367px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">that the Group would not expect to recur in the future were excluded. Failing to meet the exemptions does not mean that Pillar Two tax will </div><div class=\"t sa_184\" id=\"t37_184\" style=\"left:65px;bottom:352px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">be due, but instead that the full calculations are performed, which are complex in nature. The pro</div><div class=\"t sb_184\" id=\"t38_184\" style=\"left:605px;bottom:352px;letter-spacing:-0.02px;word-spacing:-0.14px;display:inline;\">fit be</div><div class=\"t sa_184\" id=\"t39_184\" style=\"left:633px;bottom:352px;letter-spacing:-0.09px;word-spacing:-0.07px;display:inline;\">fore tax for these three territories in </div><div class=\"t sa_184\" id=\"t3a_184\" style=\"left:65px;bottom:336px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">2023 was c.$35m and accordingly the Group does not believe any material Pillar Two tax would have arisen. </div><div class=\"t sa_184\" id=\"t3b_184\" style=\"left:65px;bottom:313px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Once the transitional exemptions cease to be available at the start of 2027, the Group will be required to perform full calculations for every </div><div class=\"t sa_184\" id=\"t3c_184\" style=\"left:65px;bottom:298px;letter-spacing:-0.18px;word-spacing:-0.08px;display:inline;\">jurisdiction. The Group will continue to assess the future impact of the rules, taking into account the issuance of new guidance and re</div><div class=\"t sb_184\" id=\"t3d_184\" style=\"left:789px;bottom:298px;letter-spacing:-0.12px;display:inline;\">finements </div><div class=\"t sb_184\" id=\"t3e_184\" style=\"left:65px;bottom:283px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">to the rules (including possible new exemptions), expected to occur within the next three years. However, given that a significant proportion </div><div class=\"t sa_184\" id=\"t3f_184\" style=\"left:65px;bottom:267px;letter-spacing:-0.12px;word-spacing:-0.02px;display:inline;\">of the Group\u2019s pro</div><div class=\"t sb_184\" id=\"t3g_184\" style=\"left:166px;bottom:267px;letter-spacing:-0.02px;word-spacing:-0.14px;display:inline;\">fit be</div><div class=\"t sa_184\" id=\"t3h_184\" style=\"left:194px;bottom:267px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">fore tax was earned in legal entities in the US, UK and China, each of which has a blended future statutory tax rate of </div><div class=\"t sa_184\" id=\"t3i_184\" style=\"left:65px;bottom:252px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">25% or higher, the Group considers the likelihood of material future Pillar Two taxes arising to be low, based upon the current pro</div><div class=\"t sb_184\" id=\"t3j_184\" style=\"left:778px;bottom:252px;letter-spacing:-0.05px;word-spacing:-0.11px;display:inline;\">file o</div><div class=\"t sa_184\" id=\"t3k_184\" style=\"left:805px;bottom:252px;letter-spacing:-0.11px;word-spacing:-0.06px;display:inline;\">f the </div><div class=\"t sa_184\" id=\"t3l_184\" style=\"left:65px;bottom:237px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Group\u2019s business. </div><div class=\"t sa_184\" id=\"t3m_184\" style=\"left:65px;bottom:214px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">As a revenue protecting measure, more jurisdictions are beginning to implement their own minimum tax systems, in general, with rules </div><div class=\"t sa_184\" id=\"t3n_184\" style=\"left:65px;bottom:199px;letter-spacing:-0.1px;word-spacing:-0.05px;display:inline;\">similar to those of Pillar Two. This has the impact of replacing any Pillar Two tax arising on the pro</div><div class=\"t sb_184\" id=\"t3o_184\" style=\"left:601px;bottom:199px;letter-spacing:-0.03px;word-spacing:-0.13px;display:inline;\">fits o</div><div class=\"t sa_184\" id=\"t3p_184\" style=\"left:628px;bottom:199px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">f a jurisdiction with an equivalent </div><div class=\"t sa_184\" id=\"t3q_184\" style=\"left:65px;bottom:183px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">amount of domestic tax. </div><div class=\"t s2_184\" id=\"t3r_184\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t sc_184\" id=\"t3s_184\" style=\"left:65px;bottom:31px;letter-spacing:-0.02px;display:inline;\"> </div><div></div><div class=\"t s0_185\" id=\"t1_185\" style=\"left:65px;bottom:1100px;letter-spacing:-0.13px;display:inline;\">Tax paid </div><div class=\"t s1_185\" id=\"t2_185\" style=\"left:65px;bottom:1084px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">Total tax paid (net of refunds) is entirely in respect of operating activities. This comprises taxes paid directly by Group entities to taxing </div><div class=\"t s1_185\" id=\"t3_185\" style=\"left:65px;bottom:1069px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">authorities and taxes withheld at source in respect of fees payable to the Group. Taxes withheld at source are paid by hotel owners to their </div><div class=\"t s1_185\" id=\"t4_185\" style=\"left:65px;bottom:1054px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">local taxing authorities on behalf of the Group. The table below shows the territories to whom taxes are directly paid by the Group which </div><div class=\"t s1_185\" id=\"t5_185\" style=\"left:65px;bottom:1039px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">exceed $5m in the current or comparative periods, in addition to the UK, the Group\u2019s headquarter jurisdiction. The year-on-year increases </div><div class=\"t s2_185\" id=\"t6_185\" style=\"left:65px;bottom:1023px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">are predominantly driven by corresponding increases to Group profitability and re</div><div class=\"t s1_185\" id=\"t7_185\" style=\"left:521px;bottom:1023px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">funds received in 2021 in respect of earlier periods. </div>\u00a0<table>\n                                            <tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_185\" id=\"t8_185\" style=\"left:686px;bottom:1001px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_185\" id=\"ta_185\" style=\"left:753px;bottom:1001px;letter-spacing:0.17px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_185\" id=\"tc_185\" style=\"left:821px;bottom:1001px;letter-spacing:0.14px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_185\" id=\"t9_185\" style=\"left:695px;bottom:991px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_185\" id=\"tb_185\" style=\"left:761px;bottom:991px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_185\" id=\"td_185\" style=\"left:827px;bottom:991px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s5_185\" id=\"te_185\" style=\"left:65px;bottom:973px;letter-spacing:-0.22px;display:inline;\">China </div><div class=\"t s6_185\" id=\"tf_185\" style=\"vertical-align: super;left:94px;bottom:979px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_185\" id=\"tg_185\" style=\"left:702px;bottom:973px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"th_185\" style=\"left:764px;bottom:973px;letter-spacing:-0.22px;display:inline;\">10 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"ti_185\" style=\"left:835px;bottom:973px;display:inline;\">3 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"tj_185\" style=\"left:65px;bottom:954px;letter-spacing:-0.12px;display:inline;\">UK </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_185\" id=\"tk_185\" style=\"left:702px;bottom:954px;display:inline;\">8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"tl_185\" style=\"left:769px;bottom:954px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"tm_185\" style=\"left:832px;bottom:954px;letter-spacing:-0.26px;display:inline;\">(2) </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s5_185\" id=\"tn_185\" style=\"left:65px;bottom:936px;letter-spacing:-0.17px;display:inline;\">US </div><div class=\"t s6_185\" id=\"to_185\" style=\"vertical-align: super;left:79px;bottom:942px;display:inline;\">b </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_185\" id=\"tp_185\" style=\"left:694px;bottom:936px;letter-spacing:-0.23px;display:inline;\">171 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"tq_185\" style=\"left:758px;bottom:936px;letter-spacing:-0.13px;display:inline;\">165 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"tr_185\" style=\"left:828px;bottom:936px;letter-spacing:-0.11px;display:inline;\">68 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"ts_185\" style=\"left:65px;bottom:917px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Other jurisdictions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_185\" id=\"tt_185\" style=\"left:696px;bottom:917px;letter-spacing:-0.04px;display:inline;\">22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"tu_185\" style=\"left:767px;bottom:917px;letter-spacing:-0.3px;display:inline;\">11 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"tv_185\" style=\"left:837px;bottom:917px;display:inline;\">1 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_185\" id=\"tw_185\" style=\"left:688px;bottom:899px;letter-spacing:-0.17px;display:inline;\">206 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"tx_185\" style=\"left:758px;bottom:899px;letter-spacing:-0.17px;display:inline;\">189 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"ty_185\" style=\"left:829px;bottom:899px;letter-spacing:-0.41px;display:inline;\">70 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"tz_185\" style=\"left:65px;bottom:880px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">Taxes withheld at source </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_185\" id=\"t10_185\" style=\"left:696px;bottom:880px;letter-spacing:-0.26px;display:inline;\">37 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t11_185\" style=\"left:763px;bottom:880px;letter-spacing:0.03px;display:inline;\">22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t12_185\" style=\"left:830px;bottom:880px;letter-spacing:-0.2px;display:inline;\">16 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_185\" id=\"t13_185\" style=\"left:65px;bottom:862px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Tax paid per cash flow </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_185\" id=\"t14_185\" style=\"left:689px;bottom:862px;letter-spacing:-0.13px;display:inline;\">243 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t15_185\" style=\"left:761px;bottom:862px;letter-spacing:-0.17px;display:inline;\">211 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t16_185\" style=\"left:828px;bottom:862px;letter-spacing:-0.13px;display:inline;\">86 </div></td></tr>\n                                        </table>\n<div class=\"t s8_185\" id=\"t17_185\" style=\"left:65px;bottom:838px;display:inline;\">a </div><div class=\"t s9_185\" id=\"t18_185\" style=\"left:74px;bottom:834px;letter-spacing:0.03px;word-spacing:-0.14px;display:inline;\">Tax payments are typically based upon the previous year\u2019s profits. </div><div class=\"t s8_185\" id=\"t19_185\" style=\"left:65px;bottom:820px;display:inline;\">b </div><div class=\"t s4_185\" id=\"t1a_185\" style=\"left:74px;bottom:816px;letter-spacing:0.04px;word-spacing:-0.15px;display:inline;\">Includes refunds in respect of earlier periods of $nil (2022: $nil, 2021: $15m). </div><div class=\"t s1_185\" id=\"t1b_185\" style=\"left:65px;bottom:784px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">A reconciliation of tax paid to the total current tax charge in the Group income statement is as follows: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_185\" id=\"t1c_185\" style=\"left:686px;bottom:762px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_185\" id=\"t1e_185\" style=\"left:753px;bottom:762px;letter-spacing:0.17px;display:inline;\">2022 </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_185\" id=\"t1g_185\" style=\"left:821px;bottom:762px;letter-spacing:0.14px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_185\" id=\"t1d_185\" style=\"left:695px;bottom:751px;letter-spacing:0.19px;display:inline;\">$m </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_185\" id=\"t1f_185\" style=\"left:761px;bottom:751px;letter-spacing:0.16px;display:inline;\">$m </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_185\" id=\"t1h_185\" style=\"left:827px;bottom:751px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t1i_185\" style=\"left:65px;bottom:734px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Current tax charge in the Group income statement </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_185\" id=\"t1j_185\" style=\"left:690px;bottom:734px;letter-spacing:-0.28px;display:inline;\">273 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t1k_185\" style=\"left:759px;bottom:734px;letter-spacing:-0.36px;display:inline;\">176 </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t1l_185\" style=\"left:824px;bottom:734px;letter-spacing:-0.17px;display:inline;\">143 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t1m_185\" style=\"left:65px;bottom:715px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Current tax credit in the Group statement of comprehensive income </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_185\" id=\"t1n_185\" style=\"left:699px;bottom:715px;letter-spacing:-0.4px;display:inline;\">(6) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t1o_185\" style=\"left:766px;bottom:715px;letter-spacing:-0.26px;display:inline;\">(2) </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t1p_185\" style=\"left:836px;bottom:715px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t1q_185\" style=\"left:65px;bottom:697px;letter-spacing:-0.23px;word-spacing:-0.11px;display:inline;\">Current tax credit taken directly to equity </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_185\" id=\"t1r_185\" style=\"left:699px;bottom:697px;letter-spacing:-0.37px;display:inline;\">(5) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t1s_185\" style=\"left:770px;bottom:697px;display:inline;\">\u2013 </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t1t_185\" style=\"left:836px;bottom:697px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t1u_185\" style=\"left:65px;bottom:678px;letter-spacing:-0.27px;word-spacing:-0.08px;display:inline;\">Total current tax charge </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_185\" id=\"t1v_185\" style=\"left:689px;bottom:678px;letter-spacing:-0.21px;display:inline;\">262 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t1w_185\" style=\"left:760px;bottom:678px;letter-spacing:-0.55px;display:inline;\">174 </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t1x_185\" style=\"left:824px;bottom:678px;letter-spacing:-0.17px;display:inline;\">143 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s5_185\" id=\"t1y_185\" style=\"left:65px;bottom:659px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Movements to tax contingencies </div><div class=\"t s6_185\" id=\"t1z_185\" style=\"vertical-align: super;left:226px;bottom:666px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_185\" id=\"t20_185\" style=\"left:699px;bottom:659px;letter-spacing:-0.29px;display:inline;\">(2) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t21_185\" style=\"left:764px;bottom:659px;letter-spacing:-0.22px;display:inline;\">10 </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t22_185\" style=\"left:832px;bottom:659px;letter-spacing:-0.49px;display:inline;\">(4) </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s5_185\" id=\"t23_185\" style=\"left:65px;bottom:641px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Timing di\ufb00erences of cash tax paid and foreign exchange di\ufb00erences </div><div class=\"t s6_185\" id=\"t24_185\" style=\"vertical-align: super;left:405px;bottom:647px;display:inline;\">b </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_185\" id=\"t25_185\" style=\"left:695px;bottom:641px;letter-spacing:-0.25px;display:inline;\">(17) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t26_185\" style=\"left:764px;bottom:641px;letter-spacing:-0.16px;display:inline;\">27 </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t27_185\" style=\"left:825px;bottom:641px;letter-spacing:-0.25px;display:inline;\">(53) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_185\" id=\"t28_185\" style=\"left:65px;bottom:622px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Tax paid per cash flow </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_185\" id=\"t29_185\" style=\"left:689px;bottom:622px;letter-spacing:-0.13px;display:inline;\">243 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t2a_185\" style=\"left:761px;bottom:622px;letter-spacing:-0.17px;display:inline;\">211 </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_185\" id=\"t2b_185\" style=\"left:828px;bottom:622px;letter-spacing:-0.13px;display:inline;\">86 </div></td></tr></table>\n<div class=\"t s8_185\" id=\"t2c_185\" style=\"left:65px;bottom:599px;display:inline;\">a </div><div class=\"t s4_185\" id=\"t2d_185\" style=\"left:74px;bottom:595px;letter-spacing:0.03px;word-spacing:-0.13px;display:inline;\">Tax contingency movements are included within the current tax charge but do not impact cash tax paid in the year. Settlements of tax contingencies are included within cash tax </div><div class=\"t s4_185\" id=\"t2e_185\" style=\"left:74px;bottom:584px;letter-spacing:0.02px;word-spacing:-0.13px;display:inline;\">paid in the year but not recorded in the current year tax charge. </div><div class=\"t s8_185\" id=\"t2f_185\" style=\"left:65px;bottom:570px;display:inline;\">b </div><div class=\"t s4_185\" id=\"t2g_185\" style=\"left:74px;bottom:566px;letter-spacing:0.04px;word-spacing:-0.14px;display:inline;\">2021 included $20m of refunds in respect of earlier years, $12m of other receivables which have been allocated to payments that otherwise would have been due and $28m </div><div class=\"t s4_185\" id=\"t2h_185\" style=\"left:74px;bottom:555px;letter-spacing:0.05px;word-spacing:-0.15px;display:inline;\">of payments due in 2022. </div><div class=\"t sc_185\" id=\"t2k_185\" style=\"left:65px;bottom:31px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\"> </div><div class=\"t m0_185 sd_185\" id=\"t2l_185\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t sc_185\" id=\"t2m_185\" style=\"left:825px;bottom:31px;letter-spacing:0.07px;display:inline;\"></div><div></div><div class=\"t s2_186\" id=\"t3_186\" style=\"left:65px;bottom:1100px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">Deferred tax </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t4_186\" style=\"left:201px;bottom:1085px;letter-spacing:0.04px;display:inline;\">Property, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tt_186\" style=\"left:624px;bottom:1085px;letter-spacing:0.13px;display:inline;\">Expected </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t5_186\" style=\"left:216px;bottom:1075px;letter-spacing:0.1px;display:inline;\">plant, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tu_186\" style=\"left:640px;bottom:1075px;letter-spacing:0.08px;display:inline;\">credit </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tz_186\" style=\"left:678px;bottom:1075px;letter-spacing:0.09px;display:inline;\">Intangible </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t14_186\" style=\"left:761px;bottom:1075px;letter-spacing:0.13px;display:inline;\">Other </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t6_186\" style=\"left:194px;bottom:1064px;letter-spacing:0.12px;display:inline;\">equipment </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"td_186\" style=\"left:319px;bottom:1064px;letter-spacing:0.08px;display:inline;\">Deferred </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tv_186\" style=\"left:639px;bottom:1064px;letter-spacing:0.15px;display:inline;\">losses </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t10_186\" style=\"left:695px;bottom:1064px;letter-spacing:0.13px;display:inline;\">assets </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t15_186\" style=\"left:740px;bottom:1064px;letter-spacing:0.05px;display:inline;\">short-term </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t7_186\" style=\"left:225px;bottom:1053px;letter-spacing:0.11px;display:inline;\">and </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"ta_186\" style=\"left:251px;bottom:1053px;letter-spacing:0.08px;display:inline;\">Application </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"te_186\" style=\"left:322px;bottom:1053px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">gains on </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tn_186\" style=\"left:488px;bottom:1053px;letter-spacing:0.06px;display:inline;\">Employee </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tq_186\" style=\"left:566px;bottom:1053px;letter-spacing:0.09px;display:inline;\">Deferred </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tw_186\" style=\"left:630px;bottom:1053px;letter-spacing:0.06px;word-spacing:-0.17px;display:inline;\">on trade </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t11_186\" style=\"left:679px;bottom:1053px;letter-spacing:0.06px;display:inline;\">excluding </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t16_186\" style=\"left:740px;bottom:1053px;letter-spacing:0.12px;display:inline;\">temporary </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t8_186\" style=\"left:203px;bottom:1043px;letter-spacing:0.09px;display:inline;\">software </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tb_186\" style=\"left:284px;bottom:1043px;letter-spacing:0.1px;display:inline;\">fees </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s3_186\" id=\"tf_186\" style=\"left:314px;bottom:1043px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">loan notes </div><div class=\"t s4_186\" id=\"tg_186\" style=\"vertical-align: super;left:359px;bottom:1048px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"ti_186\" style=\"left:371px;bottom:1043px;letter-spacing:0.12px;display:inline;\">Associates </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s3_186\" id=\"tk_186\" style=\"left:445px;bottom:1043px;letter-spacing:0.16px;display:inline;\">Losses </div><div class=\"t s4_186\" id=\"tl_186\" style=\"vertical-align: super;left:476px;bottom:1048px;display:inline;\">b </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_186\" id=\"to_186\" style=\"left:496px;bottom:1043px;letter-spacing:0.11px;display:inline;\">benefits </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tr_186\" style=\"left:542px;bottom:1043px;letter-spacing:0.13px;display:inline;\">compensation </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tx_186\" style=\"left:615px;bottom:1043px;letter-spacing:0.09px;display:inline;\">receivables </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t12_186\" style=\"left:684px;bottom:1043px;letter-spacing:0.1px;display:inline;\">software </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s3_186\" id=\"t17_186\" style=\"left:737px;bottom:1043px;letter-spacing:0.12px;display:inline;\">di\ufb00erences </div><div class=\"t s4_186\" id=\"t18_186\" style=\"vertical-align: super;left:787px;bottom:1048px;letter-spacing:0.13px;display:inline;\">c,d </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t1a_186\" style=\"left:819px;bottom:1043px;letter-spacing:-0.07px;display:inline;\">Total </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t9_186\" style=\"left:228px;bottom:1032px;letter-spacing:0.2px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tc_186\" style=\"left:288px;bottom:1032px;letter-spacing:0.2px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"th_186\" style=\"left:345px;bottom:1032px;letter-spacing:0.2px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tj_186\" style=\"left:405px;bottom:1032px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tm_186\" style=\"left:461px;bottom:1032px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tp_186\" style=\"left:518px;bottom:1032px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"ts_186\" style=\"left:591px;bottom:1032px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"ty_186\" style=\"left:652px;bottom:1032px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t13_186\" style=\"left:708px;bottom:1032px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t19_186\" style=\"left:772px;bottom:1032px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t1b_186\" style=\"left:827px;bottom:1032px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1c_186\" style=\"left:65px;bottom:1014px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">At 1 January 2022 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1d_186\" style=\"left:228px;bottom:1014px;letter-spacing:-0.31px;display:inline;\">(81) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1e_186\" style=\"left:289px;bottom:1014px;letter-spacing:-0.14px;display:inline;\">40 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1f_186\" style=\"left:343px;bottom:1014px;letter-spacing:-0.31px;display:inline;\">(34) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1g_186\" style=\"left:404px;bottom:1014px;letter-spacing:-0.23px;display:inline;\">(55) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1h_186\" style=\"left:463px;bottom:1014px;letter-spacing:-0.09px;display:inline;\">84 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1i_186\" style=\"left:519px;bottom:1014px;letter-spacing:-0.13px;display:inline;\">39 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1j_186\" style=\"left:593px;bottom:1014px;letter-spacing:-0.07px;display:inline;\">48 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1k_186\" style=\"left:653px;bottom:1014px;letter-spacing:-0.25px;display:inline;\">20 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1l_186\" style=\"left:709px;bottom:1014px;letter-spacing:-0.28px;display:inline;\">(16) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1m_186\" style=\"left:780px;bottom:1014px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1n_186\" style=\"left:828px;bottom:1014px;letter-spacing:-0.11px;display:inline;\">54 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1o_186\" style=\"left:65px;bottom:996px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Group income </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1p_186\" style=\"left:65px;bottom:983px;letter-spacing:-0.22px;display:inline;\">statement </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1q_186\" style=\"left:230px;bottom:983px;letter-spacing:-0.24px;display:inline;\">32 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1r_186\" style=\"left:299px;bottom:983px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1s_186\" style=\"left:353px;bottom:983px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1t_186\" style=\"left:410px;bottom:983px;letter-spacing:-0.49px;display:inline;\">(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1u_186\" style=\"left:470px;bottom:983px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1v_186\" style=\"left:528px;bottom:983px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1w_186\" style=\"left:599px;bottom:983px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1x_186\" style=\"left:657px;bottom:983px;letter-spacing:-0.29px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1y_186\" style=\"left:709px;bottom:983px;letter-spacing:-0.2px;display:inline;\">(21) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1z_186\" style=\"left:778px;bottom:983px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t20_186\" style=\"left:831px;bottom:983px;letter-spacing:-0.26px;display:inline;\">12 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t21_186\" style=\"left:65px;bottom:964px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Group statement </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"tcs-selection-enabled tcs-selected emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t22_186\" style=\"left:65px;bottom:951px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">of comprehensive </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t23_186\" style=\"left:65px;bottom:938px;letter-spacing:-0.21px;display:inline;\">income </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t24_186\" style=\"left:237px;bottom:938px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t25_186\" style=\"left:297px;bottom:938px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t26_186\" style=\"left:353px;bottom:938px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t27_186\" style=\"left:414px;bottom:938px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t28_186\" style=\"left:469px;bottom:938px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t29_186\" style=\"left:523px;bottom:938px;letter-spacing:-0.38px;display:inline;\">(6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2a_186\" style=\"left:600px;bottom:938px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2b_186\" style=\"left:661px;bottom:938px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2c_186\" style=\"left:717px;bottom:938px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2d_186\" style=\"left:780px;bottom:938px;display:inline;\">8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2e_186\" style=\"left:837px;bottom:938px;display:inline;\">1 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2f_186\" style=\"left:65px;bottom:920px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Group statement </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2g_186\" style=\"left:65px;bottom:907px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">of changes in equity </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2h_186\" style=\"left:237px;bottom:907px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2i_186\" style=\"left:297px;bottom:907px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2j_186\" style=\"left:353px;bottom:907px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2k_186\" style=\"left:414px;bottom:907px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2l_186\" style=\"left:470px;bottom:907px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2m_186\" style=\"left:528px;bottom:907px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2n_186\" style=\"left:600px;bottom:907px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2o_186\" style=\"left:661px;bottom:907px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2p_186\" style=\"left:717px;bottom:907px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2q_186\" style=\"left:781px;bottom:907px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2r_186\" style=\"left:837px;bottom:907px;display:inline;\">1 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2s_186\" style=\"left:65px;bottom:888px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Exchange and </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2t_186\" style=\"left:65px;bottom:875px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2u_186\" style=\"left:233px;bottom:875px;letter-spacing:-0.49px;display:inline;\">(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2v_186\" style=\"left:297px;bottom:875px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2w_186\" style=\"left:353px;bottom:875px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2x_186\" style=\"left:414px;bottom:875px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2y_186\" style=\"left:466px;bottom:875px;letter-spacing:-0.36px;display:inline;\">(9) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2z_186\" style=\"left:523px;bottom:875px;letter-spacing:-0.4px;display:inline;\">(3) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t30_186\" style=\"left:604px;bottom:875px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t31_186\" style=\"left:659px;bottom:875px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t32_186\" style=\"left:713px;bottom:875px;letter-spacing:-0.4px;display:inline;\">(3) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t33_186\" style=\"left:781px;bottom:875px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t34_186\" style=\"left:825px;bottom:875px;letter-spacing:-0.26px;display:inline;\">(20) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t35_186\" style=\"left:65px;bottom:857px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t36_186\" style=\"left:226px;bottom:857px;letter-spacing:-0.25px;display:inline;\">(53) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t37_186\" style=\"left:295px;bottom:857px;letter-spacing:-0.36px;display:inline;\">41 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t38_186\" style=\"left:343px;bottom:857px;letter-spacing:-0.31px;display:inline;\">(34) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t39_186\" style=\"left:404px;bottom:857px;letter-spacing:-0.27px;display:inline;\">(59) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t3a_186\" style=\"left:464px;bottom:857px;letter-spacing:-0.25px;display:inline;\">79 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t3b_186\" style=\"left:520px;bottom:857px;letter-spacing:-0.24px;display:inline;\">32 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t3c_186\" style=\"left:594px;bottom:857px;letter-spacing:-0.4px;display:inline;\">52 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t3d_186\" style=\"left:656px;bottom:857px;letter-spacing:-0.37px;display:inline;\">14 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t3e_186\" style=\"left:706px;bottom:857px;letter-spacing:-0.35px;display:inline;\">(40) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t3f_186\" style=\"left:776px;bottom:857px;letter-spacing:-0.2px;display:inline;\">16 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t3g_186\" style=\"left:828px;bottom:857px;letter-spacing:-0.07px;display:inline;\">48 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t3h_186\" style=\"left:65px;bottom:838px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Group income </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t3i_186\" style=\"left:65px;bottom:825px;letter-spacing:-0.22px;display:inline;\">statement </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3j_186\" style=\"left:229px;bottom:825px;letter-spacing:-0.04px;display:inline;\">22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3k_186\" style=\"left:298px;bottom:825px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3l_186\" style=\"left:353px;bottom:825px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3m_186\" style=\"left:412px;bottom:825px;letter-spacing:-0.39px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3n_186\" style=\"left:470px;bottom:825px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3o_186\" style=\"left:526px;bottom:825px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3p_186\" style=\"left:599px;bottom:825px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3q_186\" style=\"left:656px;bottom:825px;letter-spacing:-0.42px;display:inline;\">(3) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3r_186\" style=\"left:712px;bottom:825px;letter-spacing:-0.41px;display:inline;\">(9) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3s_186\" style=\"left:777px;bottom:825px;letter-spacing:-0.39px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3t_186\" style=\"left:830px;bottom:825px;letter-spacing:-0.26px;display:inline;\">13 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t3u_186\" style=\"left:65px;bottom:807px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Group statement </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t3v_186\" style=\"left:65px;bottom:794px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">of comprehensive </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t3w_186\" style=\"left:65px;bottom:781px;letter-spacing:-0.21px;display:inline;\">income </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3x_186\" style=\"left:236px;bottom:781px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3y_186\" style=\"left:297px;bottom:781px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3z_186\" style=\"left:353px;bottom:781px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t40_186\" style=\"left:414px;bottom:781px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t41_186\" style=\"left:465px;bottom:781px;letter-spacing:-0.4px;display:inline;\">(6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t42_186\" style=\"left:526px;bottom:781px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t43_186\" style=\"left:600px;bottom:781px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t44_186\" style=\"left:660px;bottom:781px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t45_186\" style=\"left:717px;bottom:781px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t46_186\" style=\"left:775px;bottom:781px;letter-spacing:-0.37px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t47_186\" style=\"left:829px;bottom:781px;letter-spacing:-0.36px;display:inline;\">(11) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t48_186\" style=\"left:65px;bottom:762px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Group statement </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t49_186\" style=\"left:65px;bottom:749px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">of changes in equity </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4a_186\" style=\"left:236px;bottom:749px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4b_186\" style=\"left:297px;bottom:749px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4c_186\" style=\"left:353px;bottom:749px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4d_186\" style=\"left:414px;bottom:749px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4e_186\" style=\"left:470px;bottom:749px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4f_186\" style=\"left:525px;bottom:749px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4g_186\" style=\"left:600px;bottom:749px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4h_186\" style=\"left:660px;bottom:749px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4i_186\" style=\"left:717px;bottom:749px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4j_186\" style=\"left:781px;bottom:749px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4k_186\" style=\"left:834px;bottom:749px;display:inline;\">6 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t4l_186\" style=\"left:65px;bottom:731px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Exchange and </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t4m_186\" style=\"left:65px;bottom:718px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4n_186\" style=\"left:237px;bottom:718px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4o_186\" style=\"left:297px;bottom:718px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4p_186\" style=\"left:353px;bottom:718px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4q_186\" style=\"left:414px;bottom:718px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4r_186\" style=\"left:469px;bottom:718px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4s_186\" style=\"left:527px;bottom:718px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4t_186\" style=\"left:600px;bottom:718px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4u_186\" style=\"left:660px;bottom:718px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4v_186\" style=\"left:716px;bottom:718px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4w_186\" style=\"left:780px;bottom:718px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4x_186\" style=\"left:829px;bottom:718px;letter-spacing:-0.23px;display:inline;\">10 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4y_186\" style=\"left:65px;bottom:699px;letter-spacing:-0.32px;word-spacing:-0.17px;display:inline;\">At 31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4z_186\" style=\"left:224px;bottom:699px;letter-spacing:-0.35px;display:inline;\">(30) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t50_186\" style=\"left:289px;bottom:699px;letter-spacing:-0.34px;display:inline;\">42 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t51_186\" style=\"left:342px;bottom:699px;letter-spacing:-0.34px;display:inline;\">(34) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t52_186\" style=\"left:401px;bottom:699px;letter-spacing:-0.34px;display:inline;\">(60) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t53_186\" style=\"left:463px;bottom:699px;letter-spacing:-0.48px;display:inline;\">76 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t54_186\" style=\"left:520px;bottom:699px;letter-spacing:-0.41px;display:inline;\">41 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t55_186\" style=\"left:592px;bottom:699px;letter-spacing:-0.14px;display:inline;\">54 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t56_186\" style=\"left:657px;bottom:699px;letter-spacing:-0.3px;display:inline;\">11 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t57_186\" style=\"left:705px;bottom:699px;letter-spacing:-0.37px;display:inline;\">(46) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t58_186\" style=\"left:776px;bottom:699px;letter-spacing:-0.25px;display:inline;\">12 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t59_186\" style=\"left:827px;bottom:699px;letter-spacing:-0.17px;display:inline;\">66 </div></td></tr></table>\n<div class=\"t s8_186\" id=\"t5a_186\" style=\"left:65px;bottom:676px;display:inline;\">a </div><div class=\"t s9_186\" id=\"t5b_186\" style=\"left:74px;bottom:672px;letter-spacing:0.03px;word-spacing:-0.14px;display:inline;\">Become due in 2025 unless prevailing law at that time allows further deferral. </div><div class=\"t s8_186\" id=\"t5c_186\" style=\"left:65px;bottom:658px;display:inline;\">b </div><div class=\"t s9_186\" id=\"t5d_186\" style=\"left:74px;bottom:654px;letter-spacing:0.05px;word-spacing:-0.15px;display:inline;\">Wholly in respect of revenue losses. </div><div class=\"t s8_186\" id=\"t5e_186\" style=\"left:65px;bottom:639px;display:inline;\">c </div><div class=\"t s9_186\" id=\"t5f_186\" style=\"left:74px;bottom:635px;letter-spacing:0.05px;word-spacing:-0.15px;display:inline;\">No balances exceeding $20m are contained within \u2018Other short-term temporary di\ufb00erences\u2019. </div><div class=\"t s8_186\" id=\"t5g_186\" style=\"left:65px;bottom:621px;display:inline;\">d </div><div class=\"t s9_186\" id=\"t5h_186\" style=\"left:74px;bottom:617px;letter-spacing:0.04px;word-spacing:-0.15px;display:inline;\">Primarily in respect of contract costs, right-of-use assets, lease liabilities and expenses for which tax relief has not yet been obtained. </div><div class=\"t sa_186\" id=\"t5i_186\" style=\"left:65px;bottom:585px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">The analysis of the deferred tax balance after considering the o\ufb00set of assets and liabilities within entities where there is a legal right to do </div><div class=\"t sa_186\" id=\"t5j_186\" style=\"left:65px;bottom:570px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">so and an analysis of the deferred tax balance showing all territories with balances greater than $10m in either the current or prior year are </div><div class=\"t sa_186\" id=\"t5k_186\" style=\"left:65px;bottom:554px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">as follows: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_186\" id=\"t5l_186\" style=\"left:752px;bottom:540px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_186\" id=\"t5n_186\" style=\"left:819px;bottom:540px;letter-spacing:0.17px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_186\" id=\"t5m_186\" style=\"left:761px;bottom:529px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_186\" id=\"t5o_186\" style=\"left:827px;bottom:529px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t5p_186\" style=\"left:65px;bottom:512px;letter-spacing:-0.2px;word-spacing:-0.15px;display:inline;\">Deferred tax assets </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t5q_186\" style=\"left:757px;bottom:512px;letter-spacing:-0.2px;display:inline;\">134 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t5r_186\" style=\"left:825px;bottom:512px;letter-spacing:-0.26px;display:inline;\">126 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t5s_186\" style=\"left:65px;bottom:493px;letter-spacing:-0.21px;word-spacing:-0.13px;display:inline;\">Deferred tax liabilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t5t_186\" style=\"left:758px;bottom:493px;letter-spacing:-0.32px;display:inline;\">(68) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t5u_186\" style=\"left:826px;bottom:493px;letter-spacing:-0.23px;display:inline;\">(78) </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t5v_186\" style=\"left:761px;bottom:473px;letter-spacing:-0.17px;display:inline;\">66 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t5w_186\" style=\"left:828px;bottom:473px;letter-spacing:-0.07px;display:inline;\">48 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t5x_186\" style=\"left:65px;bottom:436px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Analysed as: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t5y_186\" style=\"left:73px;bottom:418px;letter-spacing:-0.23px;word-spacing:-0.15px;display:inline;\">United Kingdom </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t5z_186\" style=\"left:759px;bottom:418px;letter-spacing:-0.28px;display:inline;\">113 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t60_186\" style=\"left:823px;bottom:418px;letter-spacing:-0.16px;display:inline;\">109 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t61_186\" style=\"left:73px;bottom:399px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">United States </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t62_186\" style=\"left:758px;bottom:399px;letter-spacing:-0.3px;display:inline;\">(53) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t63_186\" style=\"left:826px;bottom:399px;letter-spacing:-0.22px;display:inline;\">(73) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t64_186\" style=\"left:73px;bottom:381px;letter-spacing:-0.19px;display:inline;\">Other </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t65_186\" style=\"left:768px;bottom:381px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t66_186\" style=\"left:831px;bottom:381px;letter-spacing:-0.26px;display:inline;\">12 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t67_186\" style=\"left:761px;bottom:361px;letter-spacing:-0.17px;display:inline;\">66 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t68_186\" style=\"left:828px;bottom:361px;letter-spacing:-0.07px;display:inline;\">48 </div></td></tr></table>\n<div class=\"t sa_186\" id=\"t69_186\" style=\"left:65px;bottom:328px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">A deferred tax asset of $nil (2022: $107m) has been recognised in legal entities which have made a loss in the current or the previous year. </div><div class=\"t sc_186\" id=\"t6a_186\" style=\"left:65px;bottom:305px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Recoverability of UK deferred tax assets </div><div class=\"t sa_186\" id=\"t6b_186\" style=\"left:65px;bottom:289px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">The Group has recognised UK deferred tax assets of $113m (2022: $109m), including revenue losses of $73m (2022: $73m). The deferred </div><div class=\"t sa_186\" id=\"t6c_186\" style=\"left:65px;bottom:274px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">tax assets have been recognised following the consideration of both positive and negative evidence in respect of the probability of future </div><div class=\"t sd_186\" id=\"t6d_186\" style=\"left:65px;bottom:259px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">taxable profits against which the assets could be recovered. The losses have arisen by identifiable non-recurring events, </div><div class=\"t sa_186\" id=\"t6e_186\" style=\"left:735px;bottom:259px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">for example special </div><div class=\"t sa_186\" id=\"t6f_186\" style=\"left:65px;bottom:244px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">contributions into a former Group pension scheme and the impact of Covid-19, absent which, the UK tax group would have been pro</div><div class=\"t sd_186\" id=\"t6g_186\" style=\"left:801px;bottom:244px;letter-spacing:-0.02px;display:inline;\">fitable. </div><div class=\"t sa_186\" id=\"t6h_186\" style=\"left:65px;bottom:228px;letter-spacing:-0.06px;word-spacing:-0.1px;display:inline;\">The losses do not expire, although they can only be o\ufb00set against 50% of annual UK taxable pro</div><div class=\"t sd_186\" id=\"t6i_186\" style=\"left:594px;bottom:228px;letter-spacing:-0.03px;word-spacing:-0.14px;display:inline;\">fits. The UK de</div><div class=\"t sa_186\" id=\"t6j_186\" style=\"left:674px;bottom:228px;letter-spacing:-0.06px;word-spacing:-0.11px;display:inline;\">ferred tax asset should reverse </div><div class=\"t sa_186\" id=\"t6k_186\" style=\"left:65px;bottom:213px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">over a seven- to ten-year period (2022: seven- to ten-year period), with the lower end of this range based on the Group\u2019s Base Case forecast </div><div class=\"t sa_186\" id=\"t6l_186\" style=\"left:65px;bottom:198px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">(see page 161 within \u2018Going concern\u2019) and the upper end of the range based on the Group\u2019s Severe Downside Case forecast. </div><div class=\"t s2_186\" id=\"t6m_186\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t sc_186\" id=\"t6n_186\" style=\"left:65px;bottom:31px;letter-spacing:0.07px;display:inline;\"></div><div></div><div class=\"t s2_187\" id=\"t3_187\" style=\"left:65px;bottom:1100px;letter-spacing:-0.12px;word-spacing:-0.08px;display:inline;\">The Group\u2019s TCFD disclosures describe how physical and transitional climate risks present both risks and opportunities for IHG. The potential </div><div class=\"t s2_187\" id=\"t4_187\" style=\"left:65px;bottom:1084px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">downside risk has been considered in the context of the UK deferred tax asset recoverability, without taking account of opportunities or </div><div class=\"t s2_187\" id=\"t5_187\" style=\"left:65px;bottom:1069px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">mitigating actions, and could be absorbed within the sensitivities disclosed above. </div><div class=\"t s3_187\" id=\"t6_187\" style=\"left:65px;bottom:1046px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">Unrecognised deferred tax assets </div><div class=\"t s2_187\" id=\"t7_187\" style=\"left:65px;bottom:1031px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">The Group does not recognise deferred tax assets if it cannot anticipate being able to o\ufb00set them against existing deferred tax liabilities </div><div class=\"t s2_187\" id=\"t8_187\" style=\"left:65px;bottom:1016px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">or against future pro</div><div class=\"t s4_187\" id=\"t9_187\" style=\"left:179px;bottom:1016px;letter-spacing:-0.04px;word-spacing:-0.12px;display:inline;\">fits or gains. </div><div class=\"t s2_187\" id=\"ta_187\" style=\"left:65px;bottom:993px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The total unrecognised deferred tax position is as follows: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_187\" id=\"tb_187\" style=\"left:683px;bottom:970px;letter-spacing:0.15px;display:inline;\">Gross </div></td><td colspan=\"2\" rowspan=\"1\" style=\"text-align: center;\"><div class=\"t s5_187\" id=\"tc_187\" style=\"left:726px;bottom:970px;letter-spacing:-0.05px;word-spacing:-0.18px;display:inline;\">Unrecognised deferred tax </div> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_187\" id=\"td_187\" style=\"left:620px;bottom:953px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_187\" id=\"tf_187\" style=\"left:687px;bottom:953px;letter-spacing:0.17px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_187\" id=\"th_187\" style=\"left:752px;bottom:953px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_187\" id=\"tj_187\" style=\"left:819px;bottom:953px;letter-spacing:0.17px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_187\" id=\"te_187\" style=\"left:629px;bottom:943px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_187\" id=\"tg_187\" style=\"left:695px;bottom:943px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_187\" id=\"ti_187\" style=\"left:761px;bottom:943px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_187\" id=\"tk_187\" style=\"left:827px;bottom:943px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"tl_187\" style=\"left:65px;bottom:925px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Revenue losses </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"tm_187\" style=\"left:622px;bottom:925px;letter-spacing:-0.18px;display:inline;\">450 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"tn_187\" style=\"left:689px;bottom:925px;letter-spacing:-0.08px;display:inline;\">430 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"to_187\" style=\"left:762px;bottom:925px;letter-spacing:-0.32px;display:inline;\">79 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"tp_187\" style=\"left:829px;bottom:925px;letter-spacing:-0.33px;display:inline;\">78 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"tq_187\" style=\"left:65px;bottom:906px;letter-spacing:-0.17px;word-spacing:-0.18px;display:inline;\">Capital losses </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"tr_187\" style=\"left:622px;bottom:906px;letter-spacing:-0.22px;display:inline;\">580 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"ts_187\" style=\"left:689px;bottom:906px;letter-spacing:-0.1px;display:inline;\">549 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"tt_187\" style=\"left:756px;bottom:906px;letter-spacing:-0.26px;display:inline;\">146 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"tu_187\" style=\"left:824px;bottom:906px;letter-spacing:-0.17px;display:inline;\">138 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"tv_187\" style=\"left:613px;bottom:888px;letter-spacing:-0.28px;display:inline;\">1,030 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"tw_187\" style=\"left:691px;bottom:888px;letter-spacing:-0.29px;display:inline;\">979 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"tx_187\" style=\"left:755px;bottom:888px;letter-spacing:-0.09px;display:inline;\">225 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"ty_187\" style=\"left:824px;bottom:888px;letter-spacing:-0.12px;display:inline;\">216 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"tz_187\" style=\"left:65px;bottom:869px;letter-spacing:-0.29px;word-spacing:-0.06px;display:inline;\">Tax credits </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t10_187\" style=\"left:630px;bottom:869px;letter-spacing:-0.27px;display:inline;\">32 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t11_187\" style=\"left:697px;bottom:869px;letter-spacing:-0.21px;display:inline;\">25 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t12_187\" style=\"left:762px;bottom:869px;letter-spacing:-0.27px;display:inline;\">32 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t13_187\" style=\"left:829px;bottom:869px;letter-spacing:-0.21px;display:inline;\">25 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s8_187\" id=\"t14_187\" style=\"left:65px;bottom:851px;letter-spacing:-0.19px;display:inline;\">Other </div><div class=\"t sa_187\" id=\"t15_187\" style=\"vertical-align: super;left:93px;bottom:857px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t16_187\" style=\"left:631px;bottom:851px;letter-spacing:-0.22px;display:inline;\">16 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t17_187\" style=\"left:698px;bottom:851px;letter-spacing:-0.16px;display:inline;\">31 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t18_187\" style=\"left:768px;bottom:851px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t19_187\" style=\"left:835px;bottom:851px;display:inline;\">8 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t1a_187\" style=\"left:615px;bottom:832px;letter-spacing:-0.35px;display:inline;\">1,078 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t1b_187\" style=\"left:682px;bottom:832px;letter-spacing:-0.22px;display:inline;\">1,035 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t1c_187\" style=\"left:755px;bottom:832px;letter-spacing:-0.21px;display:inline;\">262 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t1d_187\" style=\"left:822px;bottom:832px;letter-spacing:-0.23px;display:inline;\">249 </div></td></tr></table>\n<div class=\"t sb_187\" id=\"t1e_187\" style=\"left:65px;bottom:809px;display:inline;\">a </div><div class=\"t s7_187\" id=\"t1f_187\" style=\"left:74px;bottom:805px;letter-spacing:0.03px;word-spacing:-0.14px;display:inline;\">Primarily relates to costs incurred for which tax relief has not been obtained. </div><div class=\"t s2_187\" id=\"t1g_187\" style=\"left:65px;bottom:773px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">There is no expiry date to any of the above unrecognised assets other than for the losses and tax credits as shown in the table below: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_187\" id=\"t1h_187\" style=\"left:683px;bottom:750px;letter-spacing:0.15px;display:inline;\">Gross </div></td><td colspan=\"2\" rowspan=\"1\" style=\"text-align: center;\"><div class=\"t s5_187\" id=\"t1i_187\" style=\"left:726px;bottom:750px;letter-spacing:-0.05px;word-spacing:-0.18px;display:inline;\">Unrecognised deferred tax </div> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_187\" id=\"t1k_187\" style=\"left:619px;bottom:734px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_187\" id=\"t1m_187\" style=\"left:687px;bottom:734px;letter-spacing:0.17px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_187\" id=\"t1o_187\" style=\"left:752px;bottom:734px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_187\" id=\"t1q_187\" style=\"left:819px;bottom:734px;letter-spacing:0.17px;display:inline;\">2022 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_187\" id=\"t1j_187\" style=\"left:65px;bottom:723px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\">Expiry date </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_187\" id=\"t1l_187\" style=\"left:628px;bottom:723px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_187\" id=\"t1n_187\" style=\"left:695px;bottom:723px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_187\" id=\"t1p_187\" style=\"left:761px;bottom:723px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_187\" id=\"t1r_187\" style=\"left:827px;bottom:723px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t1s_187\" style=\"left:65px;bottom:705px;letter-spacing:-0.22px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t1t_187\" style=\"left:637px;bottom:705px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t1u_187\" style=\"left:705px;bottom:705px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t1v_187\" style=\"left:769px;bottom:705px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t1w_187\" style=\"left:835px;bottom:705px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t1x_187\" style=\"left:65px;bottom:687px;letter-spacing:-0.27px;display:inline;\">2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t1y_187\" style=\"left:636px;bottom:687px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t1z_187\" style=\"left:702px;bottom:687px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t20_187\" style=\"left:770px;bottom:687px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t21_187\" style=\"left:837px;bottom:687px;display:inline;\">1 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t22_187\" style=\"left:65px;bottom:668px;letter-spacing:-0.21px;display:inline;\">2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t23_187\" style=\"left:634px;bottom:668px;letter-spacing:-0.3px;display:inline;\">11 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t24_187\" style=\"left:702px;bottom:668px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t25_187\" style=\"left:768px;bottom:668px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t26_187\" style=\"left:837px;bottom:668px;display:inline;\">1 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t27_187\" style=\"left:65px;bottom:649px;letter-spacing:-0.23px;display:inline;\">2026 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t28_187\" style=\"left:637px;bottom:649px;display:inline;\">7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t29_187\" style=\"left:698px;bottom:649px;letter-spacing:-0.23px;display:inline;\">18 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t2a_187\" style=\"left:770px;bottom:649px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t2b_187\" style=\"left:835px;bottom:649px;display:inline;\">4 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t2c_187\" style=\"left:65px;bottom:631px;letter-spacing:-0.19px;display:inline;\">2027 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t2d_187\" style=\"left:637px;bottom:631px;display:inline;\">7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t2e_187\" style=\"left:703px;bottom:631px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t2f_187\" style=\"left:770px;bottom:631px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t2g_187\" style=\"left:835px;bottom:631px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t2h_187\" style=\"left:65px;bottom:612px;letter-spacing:-0.23px;display:inline;\">2028 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t2i_187\" style=\"left:636px;bottom:612px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t2j_187\" style=\"left:703px;bottom:612px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t2k_187\" style=\"left:770px;bottom:612px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t2l_187\" style=\"left:835px;bottom:612px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t2m_187\" style=\"left:65px;bottom:594px;letter-spacing:-0.2px;display:inline;\">2029 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t2n_187\" style=\"left:631px;bottom:594px;letter-spacing:-0.23px;display:inline;\">10 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t2o_187\" style=\"left:698px;bottom:594px;letter-spacing:-0.22px;display:inline;\">10 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t2p_187\" style=\"left:763px;bottom:594px;letter-spacing:-0.23px;display:inline;\">10 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t2q_187\" style=\"left:830px;bottom:594px;letter-spacing:-0.22px;display:inline;\">10 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t2r_187\" style=\"left:65px;bottom:575px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">After 2030 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t2s_187\" style=\"left:630px;bottom:575px;letter-spacing:-0.04px;display:inline;\">22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t2t_187\" style=\"left:698px;bottom:575px;letter-spacing:-0.23px;display:inline;\">18 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t2u_187\" style=\"left:762px;bottom:575px;letter-spacing:-0.04px;display:inline;\">22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t2v_187\" style=\"left:830px;bottom:575px;letter-spacing:-0.2px;display:inline;\">16 </div></td></tr></table>\n<div class=\"t s3_187\" id=\"t2w_187\" style=\"left:65px;bottom:542px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Unprovided deferred tax liabilities </div><div class=\"t s2_187\" id=\"t2x_187\" style=\"left:65px;bottom:527px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">No deferred tax liability has been provided in respect of $0.5bn (2022: $0.5bn) of taxable temporary di\ufb00erences relating to subsidiaries </div><div class=\"t s2_187\" id=\"t2y_187\" style=\"left:65px;bottom:511px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">(comprising undistributed earnings and net inherent gains). </div><div class=\"t sc_187\" id=\"t2z_187\" style=\"left:65px;bottom:488px;letter-spacing:0.02px;word-spacing:-0.16px;display:inline;\">Uncertain tax positions </div><div class=\"t s2_187\" id=\"t30_187\" style=\"left:65px;bottom:473px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Current tax payable includes $14m (2022: $9m) in respect of uncertain tax positions, with the largest single item not exceeding $3m </div><div class=\"t s2_187\" id=\"t31_187\" style=\"left:65px;bottom:458px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">(2022: $3m). There are no amounts recognised in relation to uncertain tax positions within deferred tax in either the current or prior year. </div><div class=\"t s2_187\" id=\"t32_187\" style=\"left:65px;bottom:435px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The Group\u2019s most material territories for tax are the US and the UK and the Group carries provisions of $6m (2022: $3m) in respect </div><div class=\"t s2_187\" id=\"t33_187\" style=\"left:65px;bottom:420px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">of US federal and state tax uncertainties and $nil (2022: $nil) in respect of UK Corporation Tax uncertainties. </div><div class=\"t s2_187\" id=\"t34_187\" style=\"left:65px;bottom:397px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">In the US, the Internal Revenue Service has the right to commence a routine audit of a federal income tax return for up to three years </div><div class=\"t s2_187\" id=\"t35_187\" style=\"left:65px;bottom:381px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">following the </div><div class=\"t s4_187\" id=\"t36_187\" style=\"left:140px;bottom:381px;letter-spacing:-0.07px;word-spacing:-0.09px;display:inline;\">filing o</div><div class=\"t s2_187\" id=\"t37_187\" style=\"left:178px;bottom:381px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">f the return. The Group has now agreed all federal tax returns up to and including 2019 and there are no ongoing audits. </div><div class=\"t s2_187\" id=\"t38_187\" style=\"left:65px;bottom:359px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">In the UK, HM Revenue and Customs (\u2018HMRC\u2019) has the right to commence a routine audit of a UK Corporation Tax return for up to 12 months </div><div class=\"t s2_187\" id=\"t39_187\" style=\"left:65px;bottom:343px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">following the </div><div class=\"t s4_187\" id=\"t3a_187\" style=\"left:140px;bottom:343px;letter-spacing:-0.07px;word-spacing:-0.09px;display:inline;\">filing o</div><div class=\"t s2_187\" id=\"t3b_187\" style=\"left:178px;bottom:343px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">f the return. The Group has agreed all UK tax returns for periods up to 2021 other than 2016. The Group received a </div><div class=\"t s2_187\" id=\"t3c_187\" style=\"left:65px;bottom:328px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">single question from HMRC in respect of the 2016 period in 2019, to which a response was provided also in 2019. The Group has received </div>no meaningful update since and still considers the risk of material adjustment to be low.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f31035": {
   "value": "Deferred tax <table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t4_186\" style=\"left:201px;bottom:1085px;letter-spacing:0.04px;display:inline;\">Property, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tt_186\" style=\"left:624px;bottom:1085px;letter-spacing:0.13px;display:inline;\">Expected </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t5_186\" style=\"left:216px;bottom:1075px;letter-spacing:0.1px;display:inline;\">plant, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tu_186\" style=\"left:640px;bottom:1075px;letter-spacing:0.08px;display:inline;\">credit </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tz_186\" style=\"left:678px;bottom:1075px;letter-spacing:0.09px;display:inline;\">Intangible </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t14_186\" style=\"left:761px;bottom:1075px;letter-spacing:0.13px;display:inline;\">Other </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t6_186\" style=\"left:194px;bottom:1064px;letter-spacing:0.12px;display:inline;\">equipment </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"td_186\" style=\"left:319px;bottom:1064px;letter-spacing:0.08px;display:inline;\">Deferred </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tv_186\" style=\"left:639px;bottom:1064px;letter-spacing:0.15px;display:inline;\">losses </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t10_186\" style=\"left:695px;bottom:1064px;letter-spacing:0.13px;display:inline;\">assets </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t15_186\" style=\"left:740px;bottom:1064px;letter-spacing:0.05px;display:inline;\">short-term </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t7_186\" style=\"left:225px;bottom:1053px;letter-spacing:0.11px;display:inline;\">and </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"ta_186\" style=\"left:251px;bottom:1053px;letter-spacing:0.08px;display:inline;\">Application </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"te_186\" style=\"left:322px;bottom:1053px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">gains on </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tn_186\" style=\"left:488px;bottom:1053px;letter-spacing:0.06px;display:inline;\">Employee </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tq_186\" style=\"left:566px;bottom:1053px;letter-spacing:0.09px;display:inline;\">Deferred </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tw_186\" style=\"left:630px;bottom:1053px;letter-spacing:0.06px;word-spacing:-0.17px;display:inline;\">on trade </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t11_186\" style=\"left:679px;bottom:1053px;letter-spacing:0.06px;display:inline;\">excluding </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t16_186\" style=\"left:740px;bottom:1053px;letter-spacing:0.12px;display:inline;\">temporary </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t8_186\" style=\"left:203px;bottom:1043px;letter-spacing:0.09px;display:inline;\">software </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tb_186\" style=\"left:284px;bottom:1043px;letter-spacing:0.1px;display:inline;\">fees </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s3_186\" id=\"tf_186\" style=\"left:314px;bottom:1043px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">loan notes </div><div class=\"t s4_186\" id=\"tg_186\" style=\"vertical-align: super;left:359px;bottom:1048px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"ti_186\" style=\"left:371px;bottom:1043px;letter-spacing:0.12px;display:inline;\">Associates </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s3_186\" id=\"tk_186\" style=\"left:445px;bottom:1043px;letter-spacing:0.16px;display:inline;\">Losses </div><div class=\"t s4_186\" id=\"tl_186\" style=\"vertical-align: super;left:476px;bottom:1048px;display:inline;\">b </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_186\" id=\"to_186\" style=\"left:496px;bottom:1043px;letter-spacing:0.11px;display:inline;\">benefits </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tr_186\" style=\"left:542px;bottom:1043px;letter-spacing:0.13px;display:inline;\">compensation </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tx_186\" style=\"left:615px;bottom:1043px;letter-spacing:0.09px;display:inline;\">receivables </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t12_186\" style=\"left:684px;bottom:1043px;letter-spacing:0.1px;display:inline;\">software </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s3_186\" id=\"t17_186\" style=\"left:737px;bottom:1043px;letter-spacing:0.12px;display:inline;\">di\ufb00erences </div><div class=\"t s4_186\" id=\"t18_186\" style=\"vertical-align: super;left:787px;bottom:1048px;letter-spacing:0.13px;display:inline;\">c,d </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t1a_186\" style=\"left:819px;bottom:1043px;letter-spacing:-0.07px;display:inline;\">Total </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t9_186\" style=\"left:228px;bottom:1032px;letter-spacing:0.2px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tc_186\" style=\"left:288px;bottom:1032px;letter-spacing:0.2px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"th_186\" style=\"left:345px;bottom:1032px;letter-spacing:0.2px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tj_186\" style=\"left:405px;bottom:1032px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tm_186\" style=\"left:461px;bottom:1032px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"tp_186\" style=\"left:518px;bottom:1032px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"ts_186\" style=\"left:591px;bottom:1032px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"ty_186\" style=\"left:652px;bottom:1032px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t13_186\" style=\"left:708px;bottom:1032px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t19_186\" style=\"left:772px;bottom:1032px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_186\" id=\"t1b_186\" style=\"left:827px;bottom:1032px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1c_186\" style=\"left:65px;bottom:1014px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">At 1 January 2022 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1d_186\" style=\"left:228px;bottom:1014px;letter-spacing:-0.31px;display:inline;\">(81) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1e_186\" style=\"left:289px;bottom:1014px;letter-spacing:-0.14px;display:inline;\">40 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1f_186\" style=\"left:343px;bottom:1014px;letter-spacing:-0.31px;display:inline;\">(34) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1g_186\" style=\"left:404px;bottom:1014px;letter-spacing:-0.23px;display:inline;\">(55) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1h_186\" style=\"left:463px;bottom:1014px;letter-spacing:-0.09px;display:inline;\">84 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1i_186\" style=\"left:519px;bottom:1014px;letter-spacing:-0.13px;display:inline;\">39 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1j_186\" style=\"left:593px;bottom:1014px;letter-spacing:-0.07px;display:inline;\">48 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1k_186\" style=\"left:653px;bottom:1014px;letter-spacing:-0.25px;display:inline;\">20 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1l_186\" style=\"left:709px;bottom:1014px;letter-spacing:-0.28px;display:inline;\">(16) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1m_186\" style=\"left:780px;bottom:1014px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1n_186\" style=\"left:828px;bottom:1014px;letter-spacing:-0.11px;display:inline;\">54 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1o_186\" style=\"left:65px;bottom:996px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Group income </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1p_186\" style=\"left:65px;bottom:983px;letter-spacing:-0.22px;display:inline;\">statement </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1q_186\" style=\"left:230px;bottom:983px;letter-spacing:-0.24px;display:inline;\">32 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1r_186\" style=\"left:299px;bottom:983px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1s_186\" style=\"left:353px;bottom:983px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1t_186\" style=\"left:410px;bottom:983px;letter-spacing:-0.49px;display:inline;\">(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1u_186\" style=\"left:470px;bottom:983px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1v_186\" style=\"left:528px;bottom:983px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1w_186\" style=\"left:599px;bottom:983px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1x_186\" style=\"left:657px;bottom:983px;letter-spacing:-0.29px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1y_186\" style=\"left:709px;bottom:983px;letter-spacing:-0.2px;display:inline;\">(21) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t1z_186\" style=\"left:778px;bottom:983px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t20_186\" style=\"left:831px;bottom:983px;letter-spacing:-0.26px;display:inline;\">12 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t21_186\" style=\"left:65px;bottom:964px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Group statement </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"tcs-selection-enabled tcs-selected emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t22_186\" style=\"left:65px;bottom:951px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">of comprehensive </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t23_186\" style=\"left:65px;bottom:938px;letter-spacing:-0.21px;display:inline;\">income </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t24_186\" style=\"left:237px;bottom:938px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t25_186\" style=\"left:297px;bottom:938px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t26_186\" style=\"left:353px;bottom:938px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t27_186\" style=\"left:414px;bottom:938px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t28_186\" style=\"left:469px;bottom:938px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t29_186\" style=\"left:523px;bottom:938px;letter-spacing:-0.38px;display:inline;\">(6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2a_186\" style=\"left:600px;bottom:938px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2b_186\" style=\"left:661px;bottom:938px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2c_186\" style=\"left:717px;bottom:938px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2d_186\" style=\"left:780px;bottom:938px;display:inline;\">8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2e_186\" style=\"left:837px;bottom:938px;display:inline;\">1 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2f_186\" style=\"left:65px;bottom:920px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Group statement </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2g_186\" style=\"left:65px;bottom:907px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">of changes in equity </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2h_186\" style=\"left:237px;bottom:907px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2i_186\" style=\"left:297px;bottom:907px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2j_186\" style=\"left:353px;bottom:907px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2k_186\" style=\"left:414px;bottom:907px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2l_186\" style=\"left:470px;bottom:907px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2m_186\" style=\"left:528px;bottom:907px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2n_186\" style=\"left:600px;bottom:907px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2o_186\" style=\"left:661px;bottom:907px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2p_186\" style=\"left:717px;bottom:907px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2q_186\" style=\"left:781px;bottom:907px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2r_186\" style=\"left:837px;bottom:907px;display:inline;\">1 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2s_186\" style=\"left:65px;bottom:888px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Exchange and </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2t_186\" style=\"left:65px;bottom:875px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2u_186\" style=\"left:233px;bottom:875px;letter-spacing:-0.49px;display:inline;\">(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2v_186\" style=\"left:297px;bottom:875px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2w_186\" style=\"left:353px;bottom:875px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2x_186\" style=\"left:414px;bottom:875px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2y_186\" style=\"left:466px;bottom:875px;letter-spacing:-0.36px;display:inline;\">(9) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t2z_186\" style=\"left:523px;bottom:875px;letter-spacing:-0.4px;display:inline;\">(3) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t30_186\" style=\"left:604px;bottom:875px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t31_186\" style=\"left:659px;bottom:875px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t32_186\" style=\"left:713px;bottom:875px;letter-spacing:-0.4px;display:inline;\">(3) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t33_186\" style=\"left:781px;bottom:875px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t34_186\" style=\"left:825px;bottom:875px;letter-spacing:-0.26px;display:inline;\">(20) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t35_186\" style=\"left:65px;bottom:857px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t36_186\" style=\"left:226px;bottom:857px;letter-spacing:-0.25px;display:inline;\">(53) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t37_186\" style=\"left:295px;bottom:857px;letter-spacing:-0.36px;display:inline;\">41 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t38_186\" style=\"left:343px;bottom:857px;letter-spacing:-0.31px;display:inline;\">(34) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t39_186\" style=\"left:404px;bottom:857px;letter-spacing:-0.27px;display:inline;\">(59) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t3a_186\" style=\"left:464px;bottom:857px;letter-spacing:-0.25px;display:inline;\">79 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t3b_186\" style=\"left:520px;bottom:857px;letter-spacing:-0.24px;display:inline;\">32 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t3c_186\" style=\"left:594px;bottom:857px;letter-spacing:-0.4px;display:inline;\">52 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t3d_186\" style=\"left:656px;bottom:857px;letter-spacing:-0.37px;display:inline;\">14 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t3e_186\" style=\"left:706px;bottom:857px;letter-spacing:-0.35px;display:inline;\">(40) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t3f_186\" style=\"left:776px;bottom:857px;letter-spacing:-0.2px;display:inline;\">16 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t3g_186\" style=\"left:828px;bottom:857px;letter-spacing:-0.07px;display:inline;\">48 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t3h_186\" style=\"left:65px;bottom:838px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Group income </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t3i_186\" style=\"left:65px;bottom:825px;letter-spacing:-0.22px;display:inline;\">statement </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3j_186\" style=\"left:229px;bottom:825px;letter-spacing:-0.04px;display:inline;\">22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3k_186\" style=\"left:298px;bottom:825px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3l_186\" style=\"left:353px;bottom:825px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3m_186\" style=\"left:412px;bottom:825px;letter-spacing:-0.39px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3n_186\" style=\"left:470px;bottom:825px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3o_186\" style=\"left:526px;bottom:825px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3p_186\" style=\"left:599px;bottom:825px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3q_186\" style=\"left:656px;bottom:825px;letter-spacing:-0.42px;display:inline;\">(3) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3r_186\" style=\"left:712px;bottom:825px;letter-spacing:-0.41px;display:inline;\">(9) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3s_186\" style=\"left:777px;bottom:825px;letter-spacing:-0.39px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3t_186\" style=\"left:830px;bottom:825px;letter-spacing:-0.26px;display:inline;\">13 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t3u_186\" style=\"left:65px;bottom:807px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Group statement </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t3v_186\" style=\"left:65px;bottom:794px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">of comprehensive </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t3w_186\" style=\"left:65px;bottom:781px;letter-spacing:-0.21px;display:inline;\">income </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3x_186\" style=\"left:236px;bottom:781px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3y_186\" style=\"left:297px;bottom:781px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t3z_186\" style=\"left:353px;bottom:781px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t40_186\" style=\"left:414px;bottom:781px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t41_186\" style=\"left:465px;bottom:781px;letter-spacing:-0.4px;display:inline;\">(6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t42_186\" style=\"left:526px;bottom:781px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t43_186\" style=\"left:600px;bottom:781px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t44_186\" style=\"left:660px;bottom:781px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t45_186\" style=\"left:717px;bottom:781px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t46_186\" style=\"left:775px;bottom:781px;letter-spacing:-0.37px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t47_186\" style=\"left:829px;bottom:781px;letter-spacing:-0.36px;display:inline;\">(11) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t48_186\" style=\"left:65px;bottom:762px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Group statement </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t49_186\" style=\"left:65px;bottom:749px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">of changes in equity </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4a_186\" style=\"left:236px;bottom:749px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4b_186\" style=\"left:297px;bottom:749px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4c_186\" style=\"left:353px;bottom:749px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4d_186\" style=\"left:414px;bottom:749px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4e_186\" style=\"left:470px;bottom:749px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4f_186\" style=\"left:525px;bottom:749px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4g_186\" style=\"left:600px;bottom:749px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4h_186\" style=\"left:660px;bottom:749px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4i_186\" style=\"left:717px;bottom:749px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4j_186\" style=\"left:781px;bottom:749px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4k_186\" style=\"left:834px;bottom:749px;display:inline;\">6 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t4l_186\" style=\"left:65px;bottom:731px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Exchange and </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t4m_186\" style=\"left:65px;bottom:718px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4n_186\" style=\"left:237px;bottom:718px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4o_186\" style=\"left:297px;bottom:718px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4p_186\" style=\"left:353px;bottom:718px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4q_186\" style=\"left:414px;bottom:718px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4r_186\" style=\"left:469px;bottom:718px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4s_186\" style=\"left:527px;bottom:718px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4t_186\" style=\"left:600px;bottom:718px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4u_186\" style=\"left:660px;bottom:718px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4v_186\" style=\"left:716px;bottom:718px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4w_186\" style=\"left:780px;bottom:718px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4x_186\" style=\"left:829px;bottom:718px;letter-spacing:-0.23px;display:inline;\">10 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4y_186\" style=\"left:65px;bottom:699px;letter-spacing:-0.32px;word-spacing:-0.17px;display:inline;\">At 31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t4z_186\" style=\"left:224px;bottom:699px;letter-spacing:-0.35px;display:inline;\">(30) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t50_186\" style=\"left:289px;bottom:699px;letter-spacing:-0.34px;display:inline;\">42 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t51_186\" style=\"left:342px;bottom:699px;letter-spacing:-0.34px;display:inline;\">(34) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t52_186\" style=\"left:401px;bottom:699px;letter-spacing:-0.34px;display:inline;\">(60) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t53_186\" style=\"left:463px;bottom:699px;letter-spacing:-0.48px;display:inline;\">76 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t54_186\" style=\"left:520px;bottom:699px;letter-spacing:-0.41px;display:inline;\">41 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t55_186\" style=\"left:592px;bottom:699px;letter-spacing:-0.14px;display:inline;\">54 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t56_186\" style=\"left:657px;bottom:699px;letter-spacing:-0.3px;display:inline;\">11 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t57_186\" style=\"left:705px;bottom:699px;letter-spacing:-0.37px;display:inline;\">(46) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t58_186\" style=\"left:776px;bottom:699px;letter-spacing:-0.25px;display:inline;\">12 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t59_186\" style=\"left:827px;bottom:699px;letter-spacing:-0.17px;display:inline;\">66 </div></td></tr></table>\n<div class=\"t s8_186\" id=\"t5a_186\" style=\"left:65px;bottom:676px;display:inline;\">a </div><div class=\"t s9_186\" id=\"t5b_186\" style=\"left:74px;bottom:672px;letter-spacing:0.03px;word-spacing:-0.14px;display:inline;\">Become due in 2025 unless prevailing law at that time allows further deferral. </div><div class=\"t s8_186\" id=\"t5c_186\" style=\"left:65px;bottom:658px;display:inline;\">b </div><div class=\"t s9_186\" id=\"t5d_186\" style=\"left:74px;bottom:654px;letter-spacing:0.05px;word-spacing:-0.15px;display:inline;\">Wholly in respect of revenue losses. </div><div class=\"t s8_186\" id=\"t5e_186\" style=\"left:65px;bottom:639px;display:inline;\">c </div><div class=\"t s9_186\" id=\"t5f_186\" style=\"left:74px;bottom:635px;letter-spacing:0.05px;word-spacing:-0.15px;display:inline;\">No balances exceeding $20m are contained within \u2018Other short-term temporary di\ufb00erences\u2019. </div><div class=\"t s8_186\" id=\"t5g_186\" style=\"left:65px;bottom:621px;display:inline;\">d </div><div class=\"t s9_186\" id=\"t5h_186\" style=\"left:74px;bottom:617px;letter-spacing:0.04px;word-spacing:-0.15px;display:inline;\">Primarily in respect of contract costs, right-of-use assets, lease liabilities and expenses for which tax relief has not yet been obtained. </div><div class=\"t sa_186\" id=\"t5i_186\" style=\"left:65px;bottom:585px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">The analysis of the deferred tax balance after considering the o\ufb00set of assets and liabilities within entities where there is a legal right to do </div><div class=\"t sa_186\" id=\"t5j_186\" style=\"left:65px;bottom:570px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">so and an analysis of the deferred tax balance showing all territories with balances greater than $10m in either the current or prior year are </div><div class=\"t sa_186\" id=\"t5k_186\" style=\"left:65px;bottom:554px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">as follows: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_186\" id=\"t5l_186\" style=\"left:752px;bottom:540px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_186\" id=\"t5n_186\" style=\"left:819px;bottom:540px;letter-spacing:0.17px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_186\" id=\"t5m_186\" style=\"left:761px;bottom:529px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_186\" id=\"t5o_186\" style=\"left:827px;bottom:529px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t5p_186\" style=\"left:65px;bottom:512px;letter-spacing:-0.2px;word-spacing:-0.15px;display:inline;\">Deferred tax assets </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t5q_186\" style=\"left:757px;bottom:512px;letter-spacing:-0.2px;display:inline;\">134 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t5r_186\" style=\"left:825px;bottom:512px;letter-spacing:-0.26px;display:inline;\">126 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t5s_186\" style=\"left:65px;bottom:493px;letter-spacing:-0.21px;word-spacing:-0.13px;display:inline;\">Deferred tax liabilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t5t_186\" style=\"left:758px;bottom:493px;letter-spacing:-0.32px;display:inline;\">(68) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t5u_186\" style=\"left:826px;bottom:493px;letter-spacing:-0.23px;display:inline;\">(78) </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t5v_186\" style=\"left:761px;bottom:473px;letter-spacing:-0.17px;display:inline;\">66 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t5w_186\" style=\"left:828px;bottom:473px;letter-spacing:-0.07px;display:inline;\">48 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t5x_186\" style=\"left:65px;bottom:436px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Analysed as: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t5y_186\" style=\"left:73px;bottom:418px;letter-spacing:-0.23px;word-spacing:-0.15px;display:inline;\">United Kingdom </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t5z_186\" style=\"left:759px;bottom:418px;letter-spacing:-0.28px;display:inline;\">113 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t60_186\" style=\"left:823px;bottom:418px;letter-spacing:-0.16px;display:inline;\">109 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t61_186\" style=\"left:73px;bottom:399px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">United States </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t62_186\" style=\"left:758px;bottom:399px;letter-spacing:-0.3px;display:inline;\">(53) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t63_186\" style=\"left:826px;bottom:399px;letter-spacing:-0.22px;display:inline;\">(73) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t64_186\" style=\"left:73px;bottom:381px;letter-spacing:-0.19px;display:inline;\">Other </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t65_186\" style=\"left:768px;bottom:381px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t66_186\" style=\"left:831px;bottom:381px;letter-spacing:-0.26px;display:inline;\">12 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_186\" id=\"t67_186\" style=\"left:761px;bottom:361px;letter-spacing:-0.17px;display:inline;\">66 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_186\" id=\"t68_186\" style=\"left:828px;bottom:361px;letter-spacing:-0.07px;display:inline;\">48 </div></td></tr></table>\n<div class=\"t sa_186\" id=\"t69_186\" style=\"left:65px;bottom:328px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">A deferred tax asset of $nil (2022: $107m) has been recognised in legal entities which have made a loss in the current or the previous year. </div><div class=\"t sc_186\" id=\"t6a_186\" style=\"left:65px;bottom:305px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Recoverability of UK deferred tax assets </div><div class=\"t sa_186\" id=\"t6b_186\" style=\"left:65px;bottom:289px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">The Group has recognised UK deferred tax assets of $113m (2022: $109m), including revenue losses of $73m (2022: $73m). The deferred </div><div class=\"t sa_186\" id=\"t6c_186\" style=\"left:65px;bottom:274px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">tax assets have been recognised following the consideration of both positive and negative evidence in respect of the probability of future </div><div class=\"t sd_186\" id=\"t6d_186\" style=\"left:65px;bottom:259px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">taxable profits against which the assets could be recovered. The losses have arisen by identifiable non-recurring events, </div><div class=\"t sa_186\" id=\"t6e_186\" style=\"left:735px;bottom:259px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">for example special </div><div class=\"t sa_186\" id=\"t6f_186\" style=\"left:65px;bottom:244px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">contributions into a former Group pension scheme and the impact of Covid-19, absent which, the UK tax group would have been pro</div><div class=\"t sd_186\" id=\"t6g_186\" style=\"left:801px;bottom:244px;letter-spacing:-0.02px;display:inline;\">fitable. </div><div class=\"t sa_186\" id=\"t6h_186\" style=\"left:65px;bottom:228px;letter-spacing:-0.06px;word-spacing:-0.1px;display:inline;\">The losses do not expire, although they can only be o\ufb00set against 50% of annual UK taxable pro</div><div class=\"t sd_186\" id=\"t6i_186\" style=\"left:594px;bottom:228px;letter-spacing:-0.03px;word-spacing:-0.14px;display:inline;\">fits. The UK de</div><div class=\"t sa_186\" id=\"t6j_186\" style=\"left:674px;bottom:228px;letter-spacing:-0.06px;word-spacing:-0.11px;display:inline;\">ferred tax asset should reverse </div><div class=\"t sa_186\" id=\"t6k_186\" style=\"left:65px;bottom:213px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">over a seven- to ten-year period (2022: seven- to ten-year period), with the lower end of this range based on the Group\u2019s Base Case forecast </div><div class=\"t sa_186\" id=\"t6l_186\" style=\"left:65px;bottom:198px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">(see page 161 within \u2018Going concern\u2019) and the upper end of the range based on the Group\u2019s Severe Downside Case forecast. </div><div class=\"t s2_186\" id=\"t6m_186\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t sc_186\" id=\"t6n_186\" style=\"left:65px;bottom:31px;letter-spacing:0.07px;display:inline;\"></div><div></div><div class=\"t s2_187\" id=\"t3_187\" style=\"left:65px;bottom:1100px;letter-spacing:-0.12px;word-spacing:-0.08px;display:inline;\">The Group\u2019s TCFD disclosures describe how physical and transitional climate risks present both risks and opportunities for IHG. The potential </div><div class=\"t s2_187\" id=\"t4_187\" style=\"left:65px;bottom:1084px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">downside risk has been considered in the context of the UK deferred tax asset recoverability, without taking account of opportunities or </div><div class=\"t s2_187\" id=\"t5_187\" style=\"left:65px;bottom:1069px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">mitigating actions, and could be absorbed within the sensitivities disclosed above. </div><div class=\"t s3_187\" id=\"t6_187\" style=\"left:65px;bottom:1046px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">Unrecognised deferred tax assets </div><div class=\"t s2_187\" id=\"t7_187\" style=\"left:65px;bottom:1031px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">The Group does not recognise deferred tax assets if it cannot anticipate being able to o\ufb00set them against existing deferred tax liabilities </div><div class=\"t s2_187\" id=\"t8_187\" style=\"left:65px;bottom:1016px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">or against future pro</div><div class=\"t s4_187\" id=\"t9_187\" style=\"left:179px;bottom:1016px;letter-spacing:-0.04px;word-spacing:-0.12px;display:inline;\">fits or gains. </div><div class=\"t s2_187\" id=\"ta_187\" style=\"left:65px;bottom:993px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The total unrecognised deferred tax position is as follows: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_187\" id=\"tb_187\" style=\"left:683px;bottom:970px;letter-spacing:0.15px;display:inline;\">Gross </div></td><td colspan=\"2\" rowspan=\"1\" style=\"text-align: center;\"><div class=\"t s5_187\" id=\"tc_187\" style=\"left:726px;bottom:970px;letter-spacing:-0.05px;word-spacing:-0.18px;display:inline;\">Unrecognised deferred tax </div> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_187\" id=\"td_187\" style=\"left:620px;bottom:953px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_187\" id=\"tf_187\" style=\"left:687px;bottom:953px;letter-spacing:0.17px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_187\" id=\"th_187\" style=\"left:752px;bottom:953px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_187\" id=\"tj_187\" style=\"left:819px;bottom:953px;letter-spacing:0.17px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_187\" id=\"te_187\" style=\"left:629px;bottom:943px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_187\" id=\"tg_187\" style=\"left:695px;bottom:943px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_187\" id=\"ti_187\" style=\"left:761px;bottom:943px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_187\" id=\"tk_187\" style=\"left:827px;bottom:943px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"tl_187\" style=\"left:65px;bottom:925px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Revenue losses </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"tm_187\" style=\"left:622px;bottom:925px;letter-spacing:-0.18px;display:inline;\">450 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"tn_187\" style=\"left:689px;bottom:925px;letter-spacing:-0.08px;display:inline;\">430 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"to_187\" style=\"left:762px;bottom:925px;letter-spacing:-0.32px;display:inline;\">79 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"tp_187\" style=\"left:829px;bottom:925px;letter-spacing:-0.33px;display:inline;\">78 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"tq_187\" style=\"left:65px;bottom:906px;letter-spacing:-0.17px;word-spacing:-0.18px;display:inline;\">Capital losses </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"tr_187\" style=\"left:622px;bottom:906px;letter-spacing:-0.22px;display:inline;\">580 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"ts_187\" style=\"left:689px;bottom:906px;letter-spacing:-0.1px;display:inline;\">549 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"tt_187\" style=\"left:756px;bottom:906px;letter-spacing:-0.26px;display:inline;\">146 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"tu_187\" style=\"left:824px;bottom:906px;letter-spacing:-0.17px;display:inline;\">138 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"tv_187\" style=\"left:613px;bottom:888px;letter-spacing:-0.28px;display:inline;\">1,030 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"tw_187\" style=\"left:691px;bottom:888px;letter-spacing:-0.29px;display:inline;\">979 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"tx_187\" style=\"left:755px;bottom:888px;letter-spacing:-0.09px;display:inline;\">225 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"ty_187\" style=\"left:824px;bottom:888px;letter-spacing:-0.12px;display:inline;\">216 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"tz_187\" style=\"left:65px;bottom:869px;letter-spacing:-0.29px;word-spacing:-0.06px;display:inline;\">Tax credits </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t10_187\" style=\"left:630px;bottom:869px;letter-spacing:-0.27px;display:inline;\">32 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t11_187\" style=\"left:697px;bottom:869px;letter-spacing:-0.21px;display:inline;\">25 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t12_187\" style=\"left:762px;bottom:869px;letter-spacing:-0.27px;display:inline;\">32 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t13_187\" style=\"left:829px;bottom:869px;letter-spacing:-0.21px;display:inline;\">25 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s8_187\" id=\"t14_187\" style=\"left:65px;bottom:851px;letter-spacing:-0.19px;display:inline;\">Other </div><div class=\"t sa_187\" id=\"t15_187\" style=\"vertical-align: super;left:93px;bottom:857px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t16_187\" style=\"left:631px;bottom:851px;letter-spacing:-0.22px;display:inline;\">16 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t17_187\" style=\"left:698px;bottom:851px;letter-spacing:-0.16px;display:inline;\">31 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t18_187\" style=\"left:768px;bottom:851px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t19_187\" style=\"left:835px;bottom:851px;display:inline;\">8 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t1a_187\" style=\"left:615px;bottom:832px;letter-spacing:-0.35px;display:inline;\">1,078 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t1b_187\" style=\"left:682px;bottom:832px;letter-spacing:-0.22px;display:inline;\">1,035 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t1c_187\" style=\"left:755px;bottom:832px;letter-spacing:-0.21px;display:inline;\">262 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t1d_187\" style=\"left:822px;bottom:832px;letter-spacing:-0.23px;display:inline;\">249 </div></td></tr></table>\n<div class=\"t sb_187\" id=\"t1e_187\" style=\"left:65px;bottom:809px;display:inline;\">a </div><div class=\"t s7_187\" id=\"t1f_187\" style=\"left:74px;bottom:805px;letter-spacing:0.03px;word-spacing:-0.14px;display:inline;\">Primarily relates to costs incurred for which tax relief has not been obtained. </div><div class=\"t s2_187\" id=\"t1g_187\" style=\"left:65px;bottom:773px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">There is no expiry date to any of the above unrecognised assets other than for the losses and tax credits as shown in the table below: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_187\" id=\"t1h_187\" style=\"left:683px;bottom:750px;letter-spacing:0.15px;display:inline;\">Gross </div></td><td colspan=\"2\" rowspan=\"1\" style=\"text-align: center;\"><div class=\"t s5_187\" id=\"t1i_187\" style=\"left:726px;bottom:750px;letter-spacing:-0.05px;word-spacing:-0.18px;display:inline;\">Unrecognised deferred tax </div> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_187\" id=\"t1k_187\" style=\"left:619px;bottom:734px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_187\" id=\"t1m_187\" style=\"left:687px;bottom:734px;letter-spacing:0.17px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_187\" id=\"t1o_187\" style=\"left:752px;bottom:734px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_187\" id=\"t1q_187\" style=\"left:819px;bottom:734px;letter-spacing:0.17px;display:inline;\">2022 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_187\" id=\"t1j_187\" style=\"left:65px;bottom:723px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\">Expiry date </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_187\" id=\"t1l_187\" style=\"left:628px;bottom:723px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_187\" id=\"t1n_187\" style=\"left:695px;bottom:723px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_187\" id=\"t1p_187\" style=\"left:761px;bottom:723px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_187\" id=\"t1r_187\" style=\"left:827px;bottom:723px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t1s_187\" style=\"left:65px;bottom:705px;letter-spacing:-0.22px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t1t_187\" style=\"left:637px;bottom:705px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t1u_187\" style=\"left:705px;bottom:705px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t1v_187\" style=\"left:769px;bottom:705px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t1w_187\" style=\"left:835px;bottom:705px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t1x_187\" style=\"left:65px;bottom:687px;letter-spacing:-0.27px;display:inline;\">2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t1y_187\" style=\"left:636px;bottom:687px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t1z_187\" style=\"left:702px;bottom:687px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t20_187\" style=\"left:770px;bottom:687px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t21_187\" style=\"left:837px;bottom:687px;display:inline;\">1 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t22_187\" style=\"left:65px;bottom:668px;letter-spacing:-0.21px;display:inline;\">2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t23_187\" style=\"left:634px;bottom:668px;letter-spacing:-0.3px;display:inline;\">11 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t24_187\" style=\"left:702px;bottom:668px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t25_187\" style=\"left:768px;bottom:668px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t26_187\" style=\"left:837px;bottom:668px;display:inline;\">1 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t27_187\" style=\"left:65px;bottom:649px;letter-spacing:-0.23px;display:inline;\">2026 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t28_187\" style=\"left:637px;bottom:649px;display:inline;\">7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t29_187\" style=\"left:698px;bottom:649px;letter-spacing:-0.23px;display:inline;\">18 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t2a_187\" style=\"left:770px;bottom:649px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t2b_187\" style=\"left:835px;bottom:649px;display:inline;\">4 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t2c_187\" style=\"left:65px;bottom:631px;letter-spacing:-0.19px;display:inline;\">2027 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t2d_187\" style=\"left:637px;bottom:631px;display:inline;\">7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t2e_187\" style=\"left:703px;bottom:631px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t2f_187\" style=\"left:770px;bottom:631px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t2g_187\" style=\"left:835px;bottom:631px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t2h_187\" style=\"left:65px;bottom:612px;letter-spacing:-0.23px;display:inline;\">2028 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t2i_187\" style=\"left:636px;bottom:612px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t2j_187\" style=\"left:703px;bottom:612px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t2k_187\" style=\"left:770px;bottom:612px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t2l_187\" style=\"left:835px;bottom:612px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t2m_187\" style=\"left:65px;bottom:594px;letter-spacing:-0.2px;display:inline;\">2029 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t2n_187\" style=\"left:631px;bottom:594px;letter-spacing:-0.23px;display:inline;\">10 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t2o_187\" style=\"left:698px;bottom:594px;letter-spacing:-0.22px;display:inline;\">10 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t2p_187\" style=\"left:763px;bottom:594px;letter-spacing:-0.23px;display:inline;\">10 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t2q_187\" style=\"left:830px;bottom:594px;letter-spacing:-0.22px;display:inline;\">10 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t2r_187\" style=\"left:65px;bottom:575px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">After 2030 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t2s_187\" style=\"left:630px;bottom:575px;letter-spacing:-0.04px;display:inline;\">22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t2t_187\" style=\"left:698px;bottom:575px;letter-spacing:-0.23px;display:inline;\">18 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_187\" id=\"t2u_187\" style=\"left:762px;bottom:575px;letter-spacing:-0.04px;display:inline;\">22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_187\" id=\"t2v_187\" style=\"left:830px;bottom:575px;letter-spacing:-0.2px;display:inline;\">16 </div></td></tr></table>\n<div class=\"t s3_187\" id=\"t2w_187\" style=\"left:65px;bottom:542px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Unprovided deferred tax liabilities </div><div class=\"t s2_187\" id=\"t2x_187\" style=\"left:65px;bottom:527px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">No deferred tax liability has been provided in respect of $0.5bn (2022: $0.5bn) of taxable temporary di\ufb00erences relating to subsidiaries </div>(comprising undistributed earnings and net inherent gains).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f31957": {
   "value": "9. Dividends <table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_188\" id=\"t2_188\" style=\"left:554px;bottom:1101px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_188\" id=\"t3_188\" style=\"left:687px;bottom:1101px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_188\" id=\"t4_188\" style=\"left:821px;bottom:1101px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_188\" id=\"t6_188\" style=\"left:486px;bottom:1084px;letter-spacing:0.1px;display:inline;\">cents </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_188\" id=\"t9_188\" style=\"left:619px;bottom:1084px;letter-spacing:0.08px;display:inline;\">cents </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_188\" id=\"tc_188\" style=\"left:751px;bottom:1084px;letter-spacing:0.08px;display:inline;\">cents </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_188\" id=\"t5_188\" style=\"left:65px;bottom:1074px;letter-spacing:0.04px;word-spacing:-0.14px;display:inline;\">Paid during the year </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_188\" id=\"t7_188\" style=\"left:469px;bottom:1074px;letter-spacing:0.09px;word-spacing:-0.19px;display:inline;\">per share </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_188\" id=\"t8_188\" style=\"left:563px;bottom:1074px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_188\" id=\"ta_188\" style=\"left:603px;bottom:1074px;letter-spacing:0.06px;word-spacing:-0.16px;display:inline;\">per share </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_188\" id=\"tb_188\" style=\"left:695px;bottom:1074px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_188\" id=\"td_188\" style=\"left:735px;bottom:1074px;letter-spacing:0.06px;word-spacing:-0.16px;display:inline;\">per share </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_188\" id=\"te_188\" style=\"left:827px;bottom:1074px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"tf_188\" style=\"left:65px;bottom:1056px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Final (declared for previous year) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"tg_188\" style=\"left:487px;bottom:1056px;letter-spacing:-0.16px;display:inline;\">94.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"th_188\" style=\"left:558px;bottom:1056px;letter-spacing:-0.19px;display:inline;\">166 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"ti_188\" style=\"left:621px;bottom:1056px;letter-spacing:-0.15px;display:inline;\">85.9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"tj_188\" style=\"left:692px;bottom:1056px;letter-spacing:-0.14px;display:inline;\">154 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"tk_188\" style=\"left:770px;bottom:1056px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"tl_188\" style=\"left:836px;bottom:1056px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"tm_188\" style=\"left:65px;bottom:1037px;letter-spacing:-0.23px;display:inline;\">Interim </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"tn_188\" style=\"left:487px;bottom:1037px;letter-spacing:-0.15px;display:inline;\">48.3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"to_188\" style=\"left:564px;bottom:1037px;letter-spacing:-0.32px;display:inline;\">79 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"tp_188\" style=\"left:620px;bottom:1037px;letter-spacing:-0.1px;display:inline;\">43.9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"tq_188\" style=\"left:697px;bottom:1037px;letter-spacing:-0.25px;display:inline;\">79 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"tr_188\" style=\"left:770px;bottom:1037px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"ts_188\" style=\"left:836px;bottom:1037px;display:inline;\">\u2013 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"tt_188\" style=\"left:483px;bottom:1019px;letter-spacing:-0.19px;display:inline;\">142.8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"tu_188\" style=\"left:557px;bottom:1019px;letter-spacing:-0.13px;display:inline;\">245 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"tv_188\" style=\"left:617px;bottom:1019px;letter-spacing:-0.23px;display:inline;\">129.8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"tw_188\" style=\"left:690px;bottom:1019px;letter-spacing:-0.17px;display:inline;\">233 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"tx_188\" style=\"left:770px;bottom:1019px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"ty_188\" style=\"left:836px;bottom:1019px;display:inline;\">\u2013 </div></td></tr></table>\n<div class=\"t s6_188\" id=\"tz_188\" style=\"left:65px;bottom:986px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">The final dividend in respect o</div>f 2023 of 104.0\u00a2 per ordinary share (amounting to $171m) is proposed for approval at the AGM on 3 May 2024.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f32045": {
   "value": "10. Earnings per ordinary share <table><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_188\" id=\"t12_188\" style=\"left:65px;bottom:925px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\">Basic earnings per ordinary share </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_188\" id=\"t13_188\" style=\"left:686px;bottom:925px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_188\" id=\"t14_188\" style=\"left:753px;bottom:925px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_188\" id=\"t15_188\" style=\"left:821px;bottom:925px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s8_188\" id=\"t16_188\" style=\"left:65px;bottom:908px;letter-spacing:-0.22px;word-spacing:-0.11px;display:inline;\">Profit available </div> <div class=\"t s4_188\" id=\"t17_188\" style=\"left:139px;bottom:908px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">for equity holders ($m) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"t18_188\" style=\"left:689px;bottom:908px;letter-spacing:-0.23px;display:inline;\">750 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t19_188\" style=\"left:757px;bottom:908px;letter-spacing:-0.21px;display:inline;\">375 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t1a_188\" style=\"left:822px;bottom:908px;letter-spacing:-0.18px;display:inline;\">266 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t1b_188\" style=\"left:65px;bottom:889px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Basic weighted average number of ordinary shares (millions) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"t1c_188\" style=\"left:690px;bottom:889px;letter-spacing:-0.19px;display:inline;\">169 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t1d_188\" style=\"left:760px;bottom:889px;letter-spacing:-0.18px;display:inline;\">181 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t1e_188\" style=\"left:824px;bottom:889px;letter-spacing:-0.15px;display:inline;\">183 </div></td></tr><tr><td class=\"tcs-selection-enabled tcs-selected\" colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"t1f_188\" style=\"left:65px;bottom:871px;letter-spacing:-0.2px;word-spacing:-0.15px;display:inline;\">Basic earnings per ordinary share (cents) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"t1g_188\" style=\"left:678px;bottom:871px;letter-spacing:-0.12px;display:inline;\">443.8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t1h_188\" style=\"left:748px;bottom:871px;letter-spacing:-0.38px;display:inline;\">207.2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t1i_188\" style=\"left:815px;bottom:871px;letter-spacing:-0.18px;display:inline;\">145.4 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_188\" id=\"t1j_188\" style=\"left:65px;bottom:835px;letter-spacing:0.07px;word-spacing:-0.18px;display:inline;\">Diluted earnings per ordinary share </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_188\" id=\"t1k_188\" style=\"left:65px;bottom:817px;letter-spacing:-0.22px;word-spacing:-0.11px;display:inline;\">Profit available </div> <div class=\"t s4_188\" id=\"t1l_188\" style=\"left:139px;bottom:817px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">for equity holders ($m) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"t1m_188\" style=\"left:689px;bottom:817px;letter-spacing:-0.23px;display:inline;\">750 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t1n_188\" style=\"left:757px;bottom:817px;letter-spacing:-0.21px;display:inline;\">375 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t1o_188\" style=\"left:822px;bottom:817px;letter-spacing:-0.18px;display:inline;\">266 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t1p_188\" style=\"left:65px;bottom:799px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Diluted weighted average number of ordinary shares (millions) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"t1q_188\" style=\"left:691px;bottom:799px;letter-spacing:-0.4px;display:inline;\">170 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t1r_188\" style=\"left:759px;bottom:799px;letter-spacing:-0.22px;display:inline;\">182 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t1s_188\" style=\"left:824px;bottom:799px;letter-spacing:-0.15px;display:inline;\">184 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"t1t_188\" style=\"left:65px;bottom:780px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Diluted earnings per ordinary share (cents) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"t1u_188\" style=\"left:681px;bottom:780px;letter-spacing:-0.16px;display:inline;\">441.2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t1v_188\" style=\"left:745px;bottom:780px;letter-spacing:-0.22px;display:inline;\">206.0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t1w_188\" style=\"left:814px;bottom:780px;letter-spacing:-0.18px;display:inline;\">144.6 </div></td></tr></table>\n<div class=\"t s7_188\" id=\"t1x_188\" style=\"left:65px;bottom:746px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Basic and diluted share denominators are calculated as follows: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_188\" id=\"t1y_188\" style=\"left:686px;bottom:730px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_188\" id=\"t20_188\" style=\"left:753px;bottom:730px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_188\" id=\"t22_188\" style=\"left:821px;bottom:730px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_188\" id=\"t1z_188\" style=\"left:674px;bottom:719px;letter-spacing:0.08px;display:inline;\">millions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_188\" id=\"t21_188\" style=\"left:742px;bottom:719px;letter-spacing:0.05px;display:inline;\">millions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_188\" id=\"t23_188\" style=\"left:808px;bottom:719px;letter-spacing:0.05px;display:inline;\">millions </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t24_188\" style=\"left:65px;bottom:701px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Weighted average number of ordinary shares in issue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"t25_188\" style=\"left:692px;bottom:701px;letter-spacing:-0.15px;display:inline;\">177 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t26_188\" style=\"left:759px;bottom:701px;letter-spacing:-0.25px;display:inline;\">187 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t27_188\" style=\"left:825px;bottom:701px;letter-spacing:-0.21px;display:inline;\">187 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t28_188\" style=\"left:65px;bottom:682px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">Weighted average number of treasury shares </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"t29_188\" style=\"left:699px;bottom:682px;letter-spacing:-0.41px;display:inline;\">(8) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t2a_188\" style=\"left:765px;bottom:682px;letter-spacing:-0.38px;display:inline;\">(6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t2b_188\" style=\"left:832px;bottom:682px;letter-spacing:-0.49px;display:inline;\">(4) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"t2c_188\" style=\"left:65px;bottom:664px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Basic weighted average number of ordinary shares </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"t2d_188\" style=\"left:690px;bottom:664px;letter-spacing:-0.19px;display:inline;\">169 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t2e_188\" style=\"left:760px;bottom:664px;letter-spacing:-0.18px;display:inline;\">181 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t2f_188\" style=\"left:824px;bottom:664px;letter-spacing:-0.11px;display:inline;\">183 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t2g_188\" style=\"left:65px;bottom:645px;letter-spacing:-0.22px;word-spacing:-0.12px;display:inline;\">Dilutive potential ordinary shares </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"t2h_188\" style=\"left:704px;bottom:645px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t2i_188\" style=\"left:771px;bottom:645px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t2j_188\" style=\"left:837px;bottom:645px;display:inline;\">1 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"t2k_188\" style=\"left:65px;bottom:627px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Diluted weighted average number of ordinary shares </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_188\" id=\"t2l_188\" style=\"left:691px;bottom:627px;letter-spacing:-0.4px;display:inline;\">170 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t2m_188\" style=\"left:759px;bottom:627px;letter-spacing:-0.22px;display:inline;\">182 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_188\" id=\"t2n_188\" style=\"left:824px;bottom:627px;letter-spacing:-0.15px;display:inline;\">184 </div></td></tr></table>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f32183": {
   "value": "11. Assets and liabilities sold <div class=\"t s7_188\" id=\"t2p_188\" style=\"left:65px;bottom:570px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">In 2021, three hotels in the Americas region were sold. Total cash consideration of $46m was received with no gain or loss arising after </div><div class=\"t s7_188\" id=\"t2q_188\" style=\"left:65px;bottom:555px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">charging disposal costs. Net assets of $44m disposed comprised $45m property, plant and equipment and $2m right-of-use assets, </div>less $3m lease liabilities. The net cash inflow arising was $44m.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f32211": {
   "value": "12. Goodwill and other intangible assets <table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_189\" id=\"t8_189\" style=\"left:650px;bottom:1101px;letter-spacing:0.15px;display:inline;\">Management </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_189\" id=\"tb_189\" style=\"left:749px;bottom:1101px;letter-spacing:0.15px;display:inline;\">Other </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_189\" id=\"t2_189\" style=\"left:471px;bottom:1090px;letter-spacing:0.09px;display:inline;\">Goodwill </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_189\" id=\"t4_189\" style=\"left:546px;bottom:1090px;letter-spacing:0.12px;display:inline;\">Brands </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s1_189\" id=\"t6_189\" style=\"left:603px;bottom:1090px;letter-spacing:0.11px;display:inline;\">Software </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_189\" id=\"t9_189\" style=\"left:656px;bottom:1090px;letter-spacing:0.13px;display:inline;\">agreements </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_189\" id=\"tc_189\" style=\"left:726px;bottom:1090px;letter-spacing:0.1px;display:inline;\">intangibles </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_189\" id=\"te_189\" style=\"left:819px;bottom:1090px;letter-spacing:-0.07px;display:inline;\">Total </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_189\" id=\"t3_189\" style=\"left:496px;bottom:1079px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_189\" id=\"t5_189\" style=\"left:562px;bottom:1079px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_189\" id=\"t7_189\" style=\"left:629px;bottom:1079px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_189\" id=\"ta_189\" style=\"left:695px;bottom:1079px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_189\" id=\"td_189\" style=\"left:761px;bottom:1079px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_189\" id=\"tf_189\" style=\"left:827px;bottom:1079px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"tg_189\" style=\"left:65px;bottom:1062px;letter-spacing:-0.15px;display:inline;\">Cost </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"th_189\" style=\"left:65px;bottom:1043px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">At 1 January 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"ti_189\" style=\"left:492px;bottom:1043px;letter-spacing:-0.17px;display:inline;\">532 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"tj_189\" style=\"left:557px;bottom:1043px;letter-spacing:-0.06px;display:inline;\">439 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"tk_189\" style=\"left:625px;bottom:1043px;letter-spacing:-0.31px;display:inline;\">878 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"tl_189\" style=\"left:693px;bottom:1043px;letter-spacing:-0.11px;display:inline;\">122 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"tm_189\" style=\"left:763px;bottom:1043px;letter-spacing:-0.26px;display:inline;\">26 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"tn_189\" style=\"left:815px;bottom:1043px;letter-spacing:-0.21px;display:inline;\">1,997 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"to_189\" style=\"left:65px;bottom:1025px;letter-spacing:-0.23px;display:inline;\">Additions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"tp_189\" style=\"left:505px;bottom:1025px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"tq_189\" style=\"left:571px;bottom:1025px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"tr_189\" style=\"left:630px;bottom:1025px;letter-spacing:-0.1px;display:inline;\">46 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"ts_189\" style=\"left:704px;bottom:1025px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"tt_189\" style=\"left:770px;bottom:1025px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"tu_189\" style=\"left:828px;bottom:1025px;letter-spacing:-0.1px;display:inline;\">46 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"tv_189\" style=\"left:65px;bottom:1006px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Fully amortised assets written o\ufb00 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"tw_189\" style=\"left:505px;bottom:1006px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"tx_189\" style=\"left:571px;bottom:1006px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"ty_189\" style=\"left:627px;bottom:1006px;letter-spacing:-0.33px;display:inline;\">(94) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"tz_189\" style=\"left:703px;bottom:1006px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t10_189\" style=\"left:770px;bottom:1006px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t11_189\" style=\"left:825px;bottom:1006px;letter-spacing:-0.33px;display:inline;\">(94) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t12_189\" style=\"left:65px;bottom:988px;letter-spacing:-0.16px;display:inline;\">Disposals </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t13_189\" style=\"left:501px;bottom:988px;letter-spacing:-0.37px;display:inline;\">(8) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t14_189\" style=\"left:571px;bottom:988px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t15_189\" style=\"left:637px;bottom:988px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t16_189\" style=\"left:703px;bottom:988px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t17_189\" style=\"left:770px;bottom:988px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t18_189\" style=\"left:832px;bottom:988px;letter-spacing:-0.37px;display:inline;\">(8) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t19_189\" style=\"left:65px;bottom:969px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t1a_189\" style=\"left:499px;bottom:969px;letter-spacing:-0.33px;display:inline;\">(11) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t1b_189\" style=\"left:571px;bottom:969px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t1c_189\" style=\"left:633px;bottom:969px;letter-spacing:-0.29px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t1d_189\" style=\"left:703px;bottom:969px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t1e_189\" style=\"left:769px;bottom:969px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t1f_189\" style=\"left:827px;bottom:969px;letter-spacing:-0.28px;display:inline;\">(16) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t1g_189\" style=\"left:65px;bottom:951px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t1h_189\" style=\"left:494px;bottom:951px;letter-spacing:-0.31px;display:inline;\">513 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t1i_189\" style=\"left:557px;bottom:951px;letter-spacing:-0.06px;display:inline;\">439 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t1j_189\" style=\"left:624px;bottom:951px;letter-spacing:-0.22px;display:inline;\">825 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t1k_189\" style=\"left:693px;bottom:951px;letter-spacing:-0.11px;display:inline;\">122 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t1l_189\" style=\"left:763px;bottom:951px;letter-spacing:-0.26px;display:inline;\">26 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t1m_189\" style=\"left:815px;bottom:951px;letter-spacing:-0.2px;display:inline;\">1,925 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t1n_189\" style=\"left:65px;bottom:932px;letter-spacing:-0.23px;display:inline;\">Additions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t1o_189\" style=\"left:505px;bottom:932px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t1p_189\" style=\"left:571px;bottom:932px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t1q_189\" style=\"left:630px;bottom:932px;letter-spacing:-0.37px;display:inline;\">52 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t1r_189\" style=\"left:703px;bottom:932px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t1s_189\" style=\"left:770px;bottom:932px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t1t_189\" style=\"left:827px;bottom:932px;letter-spacing:-0.16px;display:inline;\">53 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t1u_189\" style=\"left:65px;bottom:914px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Fully amortised assets written o\ufb00 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t1v_189\" style=\"left:505px;bottom:914px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t1w_189\" style=\"left:571px;bottom:914px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t1x_189\" style=\"left:627px;bottom:914px;letter-spacing:-0.35px;display:inline;\">(52) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t1y_189\" style=\"left:703px;bottom:914px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t1z_189\" style=\"left:765px;bottom:914px;letter-spacing:-0.42px;display:inline;\">(3) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t20_189\" style=\"left:824px;bottom:914px;letter-spacing:-0.29px;display:inline;\">(55) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t21_189\" style=\"left:65px;bottom:895px;letter-spacing:-0.16px;display:inline;\">Disposals </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t22_189\" style=\"left:505px;bottom:895px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t23_189\" style=\"left:571px;bottom:895px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t24_189\" style=\"left:635px;bottom:895px;letter-spacing:-0.39px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t25_189\" style=\"left:703px;bottom:895px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t26_189\" style=\"left:769px;bottom:895px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t27_189\" style=\"left:833px;bottom:895px;letter-spacing:-0.39px;display:inline;\">(1) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t28_189\" style=\"left:65px;bottom:876px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t29_189\" style=\"left:504px;bottom:876px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t2a_189\" style=\"left:571px;bottom:876px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t2b_189\" style=\"left:638px;bottom:876px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t2c_189\" style=\"left:703px;bottom:876px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t2d_189\" style=\"left:769px;bottom:876px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t2e_189\" style=\"left:834px;bottom:876px;display:inline;\">4 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t2f_189\" style=\"left:65px;bottom:858px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t2g_189\" style=\"left:493px;bottom:858px;letter-spacing:-0.29px;display:inline;\">516 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t2h_189\" style=\"left:556px;bottom:858px;letter-spacing:-0.13px;display:inline;\">439 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t2i_189\" style=\"left:623px;bottom:858px;letter-spacing:-0.19px;display:inline;\">825 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t2j_189\" style=\"left:691px;bottom:858px;letter-spacing:-0.15px;display:inline;\">122 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t2k_189\" style=\"left:761px;bottom:858px;letter-spacing:-0.17px;display:inline;\">24 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t2l_189\" style=\"left:813px;bottom:858px;letter-spacing:-0.21px;display:inline;\">1,926 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t2m_189\" style=\"left:65px;bottom:839px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">Amortisation and impairment </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t2n_189\" style=\"left:65px;bottom:821px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">At 1 January 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t2o_189\" style=\"left:493px;bottom:821px;letter-spacing:-0.24px;display:inline;\">(191) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t2p_189\" style=\"left:571px;bottom:821px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t2q_189\" style=\"left:620px;bottom:821px;letter-spacing:-0.25px;display:inline;\">(485) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t2r_189\" style=\"left:691px;bottom:821px;letter-spacing:-0.3px;display:inline;\">(113) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t2s_189\" style=\"left:761px;bottom:821px;letter-spacing:-0.3px;display:inline;\">(13) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t2t_189\" style=\"left:818px;bottom:821px;letter-spacing:-0.26px;display:inline;\">(802) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t2u_189\" style=\"left:65px;bottom:802px;letter-spacing:-0.24px;display:inline;\">Provided </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t2v_189\" style=\"left:505px;bottom:802px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t2w_189\" style=\"left:571px;bottom:802px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t2x_189\" style=\"left:627px;bottom:802px;letter-spacing:-0.26px;display:inline;\">(20) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t2y_189\" style=\"left:703px;bottom:802px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t2z_189\" style=\"left:766px;bottom:802px;letter-spacing:-0.4px;display:inline;\">(3) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t30_189\" style=\"left:825px;bottom:802px;letter-spacing:-0.26px;display:inline;\">(23) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t31_189\" style=\"left:65px;bottom:784px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">System Fund expense </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t32_189\" style=\"left:505px;bottom:784px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t33_189\" style=\"left:571px;bottom:784px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t34_189\" style=\"left:628px;bottom:784px;letter-spacing:-0.23px;display:inline;\">(78) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t35_189\" style=\"left:703px;bottom:784px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t36_189\" style=\"left:768px;bottom:784px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t37_189\" style=\"left:825px;bottom:784px;letter-spacing:-0.19px;display:inline;\">(79) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t38_189\" style=\"left:65px;bottom:765px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Impairment reversal </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t39_189\" style=\"left:505px;bottom:765px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3a_189\" style=\"left:571px;bottom:765px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3b_189\" style=\"left:637px;bottom:765px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3c_189\" style=\"left:699px;bottom:765px;letter-spacing:-0.26px;display:inline;\">12 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3d_189\" style=\"left:769px;bottom:765px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3e_189\" style=\"left:831px;bottom:765px;letter-spacing:-0.26px;display:inline;\">12 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3f_189\" style=\"left:65px;bottom:747px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Fully amortised assets written o\ufb00 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3g_189\" style=\"left:505px;bottom:747px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3h_189\" style=\"left:571px;bottom:747px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3i_189\" style=\"left:630px;bottom:747px;letter-spacing:-0.2px;display:inline;\">94 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3j_189\" style=\"left:703px;bottom:747px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3k_189\" style=\"left:769px;bottom:747px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3l_189\" style=\"left:828px;bottom:747px;letter-spacing:-0.2px;display:inline;\">94 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3m_189\" style=\"left:65px;bottom:728px;letter-spacing:-0.16px;display:inline;\">Disposals </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3n_189\" style=\"left:504px;bottom:728px;display:inline;\">8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3o_189\" style=\"left:571px;bottom:728px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3p_189\" style=\"left:637px;bottom:728px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3q_189\" style=\"left:703px;bottom:728px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3r_189\" style=\"left:769px;bottom:728px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3s_189\" style=\"left:835px;bottom:728px;display:inline;\">8 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3t_189\" style=\"left:65px;bottom:710px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3u_189\" style=\"left:505px;bottom:710px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3v_189\" style=\"left:571px;bottom:710px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3w_189\" style=\"left:636px;bottom:710px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3x_189\" style=\"left:703px;bottom:710px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3y_189\" style=\"left:771px;bottom:710px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t3z_189\" style=\"left:834px;bottom:710px;display:inline;\">9 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t40_189\" style=\"left:65px;bottom:691px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t41_189\" style=\"left:492px;bottom:691px;letter-spacing:-0.32px;display:inline;\">(178) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t42_189\" style=\"left:571px;bottom:691px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t43_189\" style=\"left:620px;bottom:691px;letter-spacing:-0.27px;display:inline;\">(486) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t44_189\" style=\"left:690px;bottom:691px;letter-spacing:-0.25px;display:inline;\">(101) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t45_189\" style=\"left:761px;bottom:691px;letter-spacing:-0.28px;display:inline;\">(16) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t46_189\" style=\"left:821px;bottom:691px;letter-spacing:-0.22px;display:inline;\">(781) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t47_189\" style=\"left:65px;bottom:673px;letter-spacing:-0.24px;display:inline;\">Provided </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t48_189\" style=\"left:505px;bottom:673px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t49_189\" style=\"left:571px;bottom:673px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4a_189\" style=\"left:628px;bottom:673px;letter-spacing:-0.32px;display:inline;\">(18) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4b_189\" style=\"left:701px;bottom:673px;letter-spacing:-0.39px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4c_189\" style=\"left:765px;bottom:673px;letter-spacing:-0.29px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4d_189\" style=\"left:826px;bottom:673px;letter-spacing:-0.26px;display:inline;\">(21) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t4e_189\" style=\"left:65px;bottom:654px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">System Fund expense </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4f_189\" style=\"left:505px;bottom:654px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4g_189\" style=\"left:571px;bottom:654px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4h_189\" style=\"left:626px;bottom:654px;letter-spacing:-0.32px;display:inline;\">(76) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4i_189\" style=\"left:703px;bottom:654px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4j_189\" style=\"left:767px;bottom:654px;letter-spacing:-0.39px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4k_189\" style=\"left:825px;bottom:654px;letter-spacing:-0.03px;display:inline;\">(77) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t4l_189\" style=\"left:65px;bottom:636px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Fully amortised assets written o\ufb00 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4m_189\" style=\"left:505px;bottom:636px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4n_189\" style=\"left:571px;bottom:636px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4o_189\" style=\"left:630px;bottom:636px;letter-spacing:-0.37px;display:inline;\">52 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4p_189\" style=\"left:703px;bottom:636px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4q_189\" style=\"left:768px;bottom:636px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4r_189\" style=\"left:828px;bottom:636px;letter-spacing:-0.17px;display:inline;\">55 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t4s_189\" style=\"left:65px;bottom:617px;letter-spacing:-0.16px;display:inline;\">Disposals </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4t_189\" style=\"left:505px;bottom:617px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4u_189\" style=\"left:571px;bottom:617px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4v_189\" style=\"left:638px;bottom:617px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4w_189\" style=\"left:703px;bottom:617px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4x_189\" style=\"left:769px;bottom:617px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t4y_189\" style=\"left:836px;bottom:617px;display:inline;\">1 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t4z_189\" style=\"left:65px;bottom:599px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t50_189\" style=\"left:501px;bottom:599px;letter-spacing:-0.29px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t51_189\" style=\"left:571px;bottom:599px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t52_189\" style=\"left:635px;bottom:599px;letter-spacing:-0.39px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t53_189\" style=\"left:701px;bottom:599px;letter-spacing:-0.39px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t54_189\" style=\"left:769px;bottom:599px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t55_189\" style=\"left:831px;bottom:599px;letter-spacing:-0.5px;display:inline;\">(4) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t56_189\" style=\"left:65px;bottom:580px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t57_189\" style=\"left:488px;bottom:580px;letter-spacing:-0.3px;display:inline;\">(180) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t58_189\" style=\"left:571px;bottom:580px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t59_189\" style=\"left:620px;bottom:580px;letter-spacing:-0.31px;display:inline;\">(528) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t5a_189\" style=\"left:686px;bottom:580px;letter-spacing:-0.3px;display:inline;\">(103) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t5b_189\" style=\"left:760px;bottom:580px;letter-spacing:-0.32px;display:inline;\">(16) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t5c_189\" style=\"left:818px;bottom:580px;letter-spacing:-0.21px;display:inline;\">(827) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t5d_189\" style=\"left:65px;bottom:544px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Net book value </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t5e_189\" style=\"left:65px;bottom:526px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t5f_189\" style=\"left:490px;bottom:526px;letter-spacing:-0.19px;display:inline;\">336 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t5g_189\" style=\"left:556px;bottom:526px;letter-spacing:-0.13px;display:inline;\">439 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t5h_189\" style=\"left:623px;bottom:526px;letter-spacing:-0.21px;display:inline;\">297 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t5i_189\" style=\"left:697px;bottom:526px;letter-spacing:-0.19px;display:inline;\">19 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t5j_189\" style=\"left:768px;bottom:526px;display:inline;\">8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t5k_189\" style=\"left:812px;bottom:526px;letter-spacing:-0.25px;display:inline;\">1,099 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t5l_189\" style=\"left:65px;bottom:507px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t5m_189\" style=\"left:491px;bottom:507px;letter-spacing:-0.1px;display:inline;\">335 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t5n_189\" style=\"left:557px;bottom:507px;letter-spacing:-0.06px;display:inline;\">439 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t5o_189\" style=\"left:623px;bottom:507px;letter-spacing:-0.12px;display:inline;\">339 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t5p_189\" style=\"left:699px;bottom:507px;letter-spacing:-0.03px;display:inline;\">21 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t5q_189\" style=\"left:763px;bottom:507px;letter-spacing:-0.22px;display:inline;\">10 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t5r_189\" style=\"left:817px;bottom:507px;letter-spacing:-0.3px;display:inline;\">1,144 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t5s_189\" style=\"left:65px;bottom:489px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">At 1 January 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t5t_189\" style=\"left:494px;bottom:489px;letter-spacing:-0.22px;display:inline;\">341 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t5u_189\" style=\"left:557px;bottom:489px;letter-spacing:-0.06px;display:inline;\">439 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t5v_189\" style=\"left:623px;bottom:489px;letter-spacing:-0.15px;display:inline;\">393 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t5w_189\" style=\"left:702px;bottom:489px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t5x_189\" style=\"left:764px;bottom:489px;letter-spacing:-0.25px;display:inline;\">13 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t5y_189\" style=\"left:817px;bottom:489px;letter-spacing:-0.28px;display:inline;\">1,195 </div></td></tr></table>\n<div class=\"t s4_189\" id=\"t5z_189\" style=\"left:65px;bottom:455px;letter-spacing:0.02px;word-spacing:-0.15px;display:inline;\">Goodwill and brands </div><div class=\"t s5_189\" id=\"t60_189\" style=\"left:65px;bottom:440px;letter-spacing:0.01px;display:inline;\">Brands </div><div class=\"t s6_189\" id=\"t61_189\" style=\"left:65px;bottom:425px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">Brands relate to the acquisitions of Kimpton ($193m), Regent ($57m) and Six Senses ($189m). They are each considered to have an </div><div class=\"t s7_189\" id=\"t62_189\" style=\"left:65px;bottom:409px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">indefinite li</div><div class=\"t s6_189\" id=\"t63_189\" style=\"left:126px;bottom:409px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">fe given their strong brand awareness and reputation, and management\u2019s commitment to continued investment in their growth. </div><div class=\"t s6_189\" id=\"t64_189\" style=\"left:65px;bottom:394px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">The brands are protected by trademarks and there are not believed to be any legal, regulatory or contractual provisions that limit the useful </div><div class=\"t s6_189\" id=\"t65_189\" style=\"left:65px;bottom:379px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">lives of the brands. In the hotel industry there are a number of brands that have existed for many years and IHG has brands that are over </div><div class=\"t s6_189\" id=\"t66_189\" style=\"left:65px;bottom:364px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">60 years old. </div><div class=\"t s5_189\" id=\"t67_189\" style=\"left:65px;bottom:341px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Allocation of goodwill and brands to CGUs </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_189\" id=\"t6n_189\" style=\"left:786px;bottom:326px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\">Analysed as: </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_189\" id=\"t68_189\" style=\"left:258px;bottom:321px;letter-spacing:0.04px;word-spacing:-0.15px;display:inline;\">At 1 January </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_189\" id=\"t6b_189\" style=\"left:353px;bottom:321px;letter-spacing:0.09px;display:inline;\">Exchange </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_189\" id=\"t6e_189\" style=\"left:414px;bottom:321px;letter-spacing:0.07px;word-spacing:-0.18px;display:inline;\">At 31 December </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_189\" id=\"t6h_189\" style=\"left:524px;bottom:321px;letter-spacing:0.11px;display:inline;\">Exchange </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_189\" id=\"t6k_189\" style=\"left:585px;bottom:321px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\">At 31 December </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_189\" id=\"t69_189\" style=\"left:287px;bottom:310px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_189\" id=\"t6c_189\" style=\"left:342px;bottom:310px;letter-spacing:0.07px;display:inline;\">adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_189\" id=\"t6f_189\" style=\"left:460px;bottom:310px;letter-spacing:0.17px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_189\" id=\"t6i_189\" style=\"left:513px;bottom:310px;letter-spacing:0.12px;display:inline;\">adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_189\" id=\"t6l_189\" style=\"left:631px;bottom:310px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_189\" id=\"t6o_189\" style=\"left:715px;bottom:310px;letter-spacing:0.1px;display:inline;\">Goodwill </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_189\" id=\"t6q_189\" style=\"left:810px;bottom:310px;letter-spacing:0.13px;display:inline;\">Brands </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_189\" id=\"t6a_189\" style=\"left:294px;bottom:300px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_189\" id=\"t6d_189\" style=\"left:381px;bottom:300px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_189\" id=\"t6g_189\" style=\"left:467px;bottom:300px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_189\" id=\"t6j_189\" style=\"left:554px;bottom:300px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_189\" id=\"t6m_189\" style=\"left:640px;bottom:300px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_189\" id=\"t6p_189\" style=\"left:740px;bottom:300px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_189\" id=\"t6r_189\" style=\"left:827px;bottom:300px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t6s_189\" style=\"left:65px;bottom:282px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Americas (group of CGUs) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t6t_189\" style=\"left:291px;bottom:282px;letter-spacing:-0.29px;display:inline;\">419 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t6u_189\" style=\"left:390px;bottom:282px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t6v_189\" style=\"left:465px;bottom:282px;letter-spacing:-0.29px;display:inline;\">419 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t6w_189\" style=\"left:562px;bottom:282px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t6x_189\" style=\"left:636px;bottom:282px;letter-spacing:-0.31px;display:inline;\">419 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t6y_189\" style=\"left:737px;bottom:282px;letter-spacing:-0.26px;display:inline;\">132 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t6z_189\" style=\"left:822px;bottom:282px;letter-spacing:-0.22px;display:inline;\">287 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t70_189\" style=\"left:65px;bottom:263px;letter-spacing:-0.23px;word-spacing:-0.15px;display:inline;\">EMEAA (group of CGUs) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t71_189\" style=\"left:290px;bottom:263px;letter-spacing:-0.19px;display:inline;\">337 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t72_189\" style=\"left:385px;bottom:263px;letter-spacing:-0.38px;display:inline;\">(6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t73_189\" style=\"left:465px;bottom:263px;letter-spacing:-0.13px;display:inline;\">331 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t74_189\" style=\"left:563px;bottom:263px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t75_189\" style=\"left:635px;bottom:263px;letter-spacing:-0.22px;display:inline;\">332 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t76_189\" style=\"left:736px;bottom:263px;letter-spacing:-0.16px;display:inline;\">196 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t77_189\" style=\"left:823px;bottom:263px;letter-spacing:-0.23px;display:inline;\">136 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t78_189\" style=\"left:65px;bottom:245px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Greater China </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t79_189\" style=\"left:296px;bottom:245px;letter-spacing:-0.38px;display:inline;\">24 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t7a_189\" style=\"left:390px;bottom:245px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t7b_189\" style=\"left:469px;bottom:245px;letter-spacing:-0.38px;display:inline;\">24 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t7c_189\" style=\"left:562px;bottom:245px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t7d_189\" style=\"left:641px;bottom:245px;letter-spacing:-0.17px;display:inline;\">24 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t7e_189\" style=\"left:747px;bottom:245px;display:inline;\">8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t7f_189\" style=\"left:829px;bottom:245px;letter-spacing:-0.22px;display:inline;\">16 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t7g_189\" style=\"left:289px;bottom:226px;letter-spacing:-0.24px;display:inline;\">780 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t7h_189\" style=\"left:385px;bottom:226px;letter-spacing:-0.38px;display:inline;\">(6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_189\" id=\"t7i_189\" style=\"left:464px;bottom:226px;letter-spacing:-0.32px;display:inline;\">774 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t7j_189\" style=\"left:563px;bottom:226px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t7k_189\" style=\"left:636px;bottom:226px;letter-spacing:-0.09px;display:inline;\">775 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t7l_189\" style=\"left:734px;bottom:226px;letter-spacing:-0.19px;display:inline;\">336 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_189\" id=\"t7m_189\" style=\"left:820px;bottom:226px;letter-spacing:-0.13px;display:inline;\">439 </div></td></tr></table>\n<div class=\"t s5_189\" id=\"t7n_189\" style=\"left:65px;bottom:31px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\"></div><div class=\"t m0_189 sa_189\" id=\"t7o_189\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t s5_189\" id=\"t7p_189\" style=\"left:826px;bottom:31px;letter-spacing:-0.06px;display:inline;\"></div><div></div><div class=\"t s2_190\" id=\"t3_190\" style=\"left:65px;bottom:1100px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The recoverable amounts of the CGUs, or groups of CGUs, have been determined from value in use calculations. The key assumptions are </div><div class=\"t s3_190\" id=\"t4_190\" style=\"left:65px;bottom:1084px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">RevPAR growth (detailed on page 161 within \u2018Going concern\u2019), terminal growth rates and pre-tax discount rates. Cash flows beyond the </div><div class=\"t s3_190\" id=\"t5_190\" style=\"left:65px;bottom:1069px;letter-spacing:-0.13px;word-spacing:-0.08px;display:inline;\">five-year period are extrapolated using terminal growth rates that do not exceed the average long-term growth rates </div><div class=\"t s2_190\" id=\"t6_190\" style=\"left:706px;bottom:1069px;letter-spacing:-0.16px;word-spacing:-0.06px;display:inline;\">for the relevant markets. </div><div class=\"t s3_190\" id=\"t7_190\" style=\"left:65px;bottom:1054px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Cash flow projections are discounted using pre-tax rates that are based on the Group\u2019s weighted average cost o</div><div class=\"t s2_190\" id=\"t8_190\" style=\"left:687px;bottom:1054px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">f capital and incorporate </div><div class=\"t s3_190\" id=\"t9_190\" style=\"left:65px;bottom:1039px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">adjustments reflecting risks specific to the territory o</div><div class=\"t s2_190\" id=\"ta_190\" style=\"left:359px;bottom:1039px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">f the CGU. </div><div class=\"t s2_190\" id=\"tb_190\" style=\"left:65px;bottom:1016px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">The weighted average terminal growth rates and pre-tax discount rates are as follows: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_190\" id=\"tc_190\" style=\"left:673px;bottom:996px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_190\" id=\"td_190\" style=\"left:819px;bottom:996px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_190\" id=\"te_190\" style=\"left:591px;bottom:980px;display:inline;\">Terminal </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_190\" id=\"ti_190\" style=\"left:664px;bottom:980px;letter-spacing:0.09px;display:inline;\">Pre-tax </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_190\" id=\"tm_190\" style=\"left:738px;bottom:980px;letter-spacing:-0.02px;display:inline;\">Terminal </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_190\" id=\"tq_190\" style=\"left:811px;bottom:980px;letter-spacing:0.1px;display:inline;\">Pre-tax </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_190\" id=\"tf_190\" style=\"left:598px;bottom:969px;letter-spacing:0.09px;display:inline;\">growth </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_190\" id=\"tj_190\" style=\"left:657px;bottom:969px;letter-spacing:0.1px;display:inline;\">discount </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_190\" id=\"tn_190\" style=\"left:744px;bottom:969px;letter-spacing:0.05px;display:inline;\">growth </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_190\" id=\"tr_190\" style=\"left:804px;bottom:969px;letter-spacing:0.07px;display:inline;\">discount </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_190\" id=\"tg_190\" style=\"left:612px;bottom:959px;letter-spacing:0.01px;display:inline;\">rate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_190\" id=\"tk_190\" style=\"left:678px;bottom:959px;letter-spacing:0.01px;display:inline;\">rate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_190\" id=\"to_190\" style=\"left:758px;bottom:959px;letter-spacing:-0.02px;display:inline;\">rate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_190\" id=\"ts_190\" style=\"left:824px;bottom:959px;letter-spacing:-0.02px;display:inline;\">rate </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_190\" id=\"th_190\" style=\"left:622px;bottom:948px;display:inline;\">% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_190\" id=\"tl_190\" style=\"left:689px;bottom:948px;display:inline;\">% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_190\" id=\"tp_190\" style=\"left:768px;bottom:948px;display:inline;\">% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_190\" id=\"tt_190\" style=\"left:834px;bottom:948px;display:inline;\">% </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_190\" id=\"tu_190\" style=\"left:65px;bottom:930px;letter-spacing:-0.19px;display:inline;\">Americas </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_190\" id=\"tv_190\" style=\"left:615px;bottom:930px;letter-spacing:-0.24px;display:inline;\">1.6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_190\" id=\"tw_190\" style=\"left:674px;bottom:930px;letter-spacing:-0.26px;display:inline;\">13.0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_190\" id=\"tx_190\" style=\"left:761px;bottom:930px;letter-spacing:-0.17px;display:inline;\">1.9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_190\" id=\"ty_190\" style=\"left:822px;bottom:930px;letter-spacing:-0.29px;display:inline;\">13.7 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_190\" id=\"tz_190\" style=\"left:65px;bottom:912px;letter-spacing:-0.07px;display:inline;\">EMEAA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_190\" id=\"t10_190\" style=\"left:613px;bottom:912px;letter-spacing:-0.05px;display:inline;\">2.4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_190\" id=\"t11_190\" style=\"left:677px;bottom:912px;letter-spacing:-0.32px;display:inline;\">15.1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_190\" id=\"t12_190\" style=\"left:760px;bottom:912px;letter-spacing:-0.12px;display:inline;\">2.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_190\" id=\"t13_190\" style=\"left:821px;bottom:912px;letter-spacing:-0.11px;display:inline;\">16.2 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_190\" id=\"t14_190\" style=\"left:65px;bottom:893px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Greater China </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_190\" id=\"t15_190\" style=\"left:614px;bottom:893px;letter-spacing:-0.04px;display:inline;\">2.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_190\" id=\"t16_190\" style=\"left:678px;bottom:893px;letter-spacing:-0.25px;display:inline;\">12.1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_190\" id=\"t17_190\" style=\"left:760px;bottom:893px;letter-spacing:-0.12px;display:inline;\">2.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_190\" id=\"t18_190\" style=\"left:821px;bottom:893px;letter-spacing:-0.18px;display:inline;\">13.8 </div></td></tr></table>\n<div class=\"t s2_190\" id=\"t19_190\" style=\"left:65px;bottom:864px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">The recoverable amounts of the CGUs, or groups of CGUs, exceeded their carrying value such that no impairment has arisen. Assumptions </div><div class=\"t s2_190\" id=\"t1a_190\" style=\"left:65px;bottom:848px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">were sensitised, including using the Severe Downside Case scenario (detailed on page 161 within \u2018Going concern\u2019), with no impairment </div><div class=\"t s3_190\" id=\"t1b_190\" style=\"left:65px;bottom:833px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">arising reflecting the number o</div><div class=\"t s2_190\" id=\"t1c_190\" style=\"left:237px;bottom:833px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">f years of Base Case forecasts required to recover the carrying value. </div><div class=\"t s8_190\" id=\"t1d_190\" style=\"left:65px;bottom:810px;letter-spacing:0.04px;display:inline;\">Software </div><div class=\"t s2_190\" id=\"t1e_190\" style=\"left:65px;bottom:795px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">Software includes $146m relating to the development of the next-generation Guest Reservation System with Amadeus. Internally developed </div><div class=\"t s2_190\" id=\"t1f_190\" style=\"left:65px;bottom:780px;letter-spacing:-0.13px;word-spacing:-0.1px;display:inline;\">software with a net book value of $105m is being amortised over seven to ten years, with </div><div class=\"t s3_190\" id=\"t1g_190\" style=\"left:554px;bottom:780px;letter-spacing:-0.12px;word-spacing:-0.11px;display:inline;\">five years remaining at 31 December 2023, reflecting </div><div class=\"t s2_190\" id=\"t1h_190\" style=\"left:65px;bottom:764px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">the Group\u2019s experience of the long life of guest reservation systems and the initial term over which the Group is party to a technology </div><div class=\"t s2_190\" id=\"t1i_190\" style=\"left:65px;bottom:749px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">agreement with Amadeus. The remaining project value relates to enhancements to existing systems as part of the project, which are </div><div class=\"t s3_190\" id=\"t1j_190\" style=\"left:65px;bottom:734px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">amortised over five years. </div><div class=\"t s2_190\" id=\"t1k_190\" style=\"left:65px;bottom:711px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">In 2023 and 2022, no impairment was charged. </div><div class=\"t s8_190\" id=\"t1l_190\" style=\"left:65px;bottom:688px;letter-spacing:0.06px;word-spacing:-0.18px;display:inline;\">Management agreements </div><div class=\"t s2_190\" id=\"t1m_190\" style=\"left:65px;bottom:673px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Management agreements relate to contracts recognised at fair value on acquisition. The weighted average remaining amortisation period </div><div class=\"t s2_190\" id=\"t1n_190\" style=\"left:65px;bottom:657px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">for all management agreements is 14 years (2022: 15 years). </div><div class=\"t s9_190\" id=\"t1o_190\" style=\"left:65px;bottom:634px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">2022 impairment reversal </div><div class=\"t s2_190\" id=\"t1p_190\" style=\"left:65px;bottom:619px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The impairment reversal of $12m related to the Kimpton management agreement portfolio in the Americas region and arose due to strong </div><div class=\"t s3_190\" id=\"t1q_190\" style=\"left:65px;bottom:604px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">trading conditions in 2022 and significantly improved industry </div><div class=\"t s2_190\" id=\"t1r_190\" style=\"left:414px;bottom:604px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">forecasts. The key assumption was RevPAR growth which was approximately </div><div class=\"t s2_190\" id=\"t1s_190\" style=\"left:65px;bottom:589px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">in line with the Group forecast detailed in the 2022 Annual Report. Cash </div><div class=\"t s3_190\" id=\"t1t_190\" style=\"left:467px;bottom:589px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">flows beyond the five-year period were extrapolated using a 1.8% </div><div class=\"t s2_190\" id=\"t1u_190\" style=\"left:65px;bottom:573px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">long-term growth rate that did not exceed the average long-term growth rates for the relevant market. </div><div class=\"t s2_190\" id=\"t1v_190\" style=\"left:65px;bottom:550px;letter-spacing:-0.15px;word-spacing:-0.1px;display:inline;\">The portfolio was valued at value in use (which exceeded fair value less costs of disposal) using discounted cash </div><div class=\"t s3_190\" id=\"t1w_190\" style=\"left:681px;bottom:550px;letter-spacing:-0.15px;word-spacing:-0.09px;display:inline;\">flow techniques that measure </div><div class=\"t s2_190\" id=\"t1x_190\" style=\"left:65px;bottom:535px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">the present value of projected post-tax income </div>flows. The post-tax discount rate used was 10.8%; the pre-tax equivalent rate is 14.8%.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f32999": {
   "value": "13. Property, plant and equipment <table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_191\" id=\"t5_191\" style=\"left:736px;bottom:1101px;letter-spacing:0.08px;display:inline;\">Fixtures, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_191\" id=\"t2_191\" style=\"left:669px;bottom:1090px;letter-spacing:0.1px;word-spacing:-0.19px;display:inline;\">Land and </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_191\" id=\"t6_191\" style=\"left:725px;bottom:1090px;letter-spacing:0.07px;word-spacing:-0.18px;display:inline;\">fittings and </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_191\" id=\"t3_191\" style=\"left:668px;bottom:1079px;letter-spacing:0.1px;display:inline;\">buildings </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_191\" id=\"t7_191\" style=\"left:727px;bottom:1079px;letter-spacing:0.13px;display:inline;\">equipment </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_191\" id=\"t9_191\" style=\"left:819px;bottom:1079px;letter-spacing:-0.07px;display:inline;\">Total </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_191\" id=\"t4_191\" style=\"left:695px;bottom:1069px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_191\" id=\"t8_191\" style=\"left:761px;bottom:1069px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_191\" id=\"ta_191\" style=\"left:827px;bottom:1069px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"tb_191\" style=\"left:65px;bottom:1051px;letter-spacing:-0.15px;display:inline;\">Cost </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"tc_191\" style=\"left:65px;bottom:1032px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">At 1 January 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"td_191\" style=\"left:691px;bottom:1032px;letter-spacing:-0.15px;display:inline;\">105 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"te_191\" style=\"left:756px;bottom:1032px;letter-spacing:-0.13px;display:inline;\">299 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"tf_191\" style=\"left:821px;bottom:1032px;letter-spacing:-0.17px;display:inline;\">404 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"tg_191\" style=\"left:65px;bottom:1014px;letter-spacing:-0.23px;display:inline;\">Additions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"th_191\" style=\"left:699px;bottom:1014px;letter-spacing:-0.17px;display:inline;\">15 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"ti_191\" style=\"left:763px;bottom:1014px;letter-spacing:-0.27px;display:inline;\">42 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"tj_191\" style=\"left:829px;bottom:1014px;letter-spacing:-0.24px;display:inline;\">57 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"tk_191\" style=\"left:65px;bottom:995px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Fully depreciated assets written o\ufb00 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"tl_191\" style=\"left:704px;bottom:995px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"tm_191\" style=\"left:758px;bottom:995px;letter-spacing:-0.31px;display:inline;\">(30) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"tn_191\" style=\"left:824px;bottom:995px;letter-spacing:-0.31px;display:inline;\">(30) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"to_191\" style=\"left:65px;bottom:977px;letter-spacing:-0.16px;display:inline;\">Disposals </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"tp_191\" style=\"left:700px;bottom:977px;letter-spacing:0.03px;display:inline;\">(7) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"tq_191\" style=\"left:766px;bottom:977px;letter-spacing:-0.29px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"tr_191\" style=\"left:828px;bottom:977px;letter-spacing:-0.3px;display:inline;\">(12) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"ts_191\" style=\"left:65px;bottom:958px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"tt_191\" style=\"left:702px;bottom:958px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"tu_191\" style=\"left:761px;bottom:958px;letter-spacing:-0.36px;display:inline;\">(14) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"tv_191\" style=\"left:827px;bottom:958px;letter-spacing:-0.26px;display:inline;\">(15) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"tw_191\" style=\"left:65px;bottom:940px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"tx_191\" style=\"left:695px;bottom:940px;letter-spacing:-0.28px;display:inline;\">112 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"ty_191\" style=\"left:757px;bottom:940px;letter-spacing:-0.16px;display:inline;\">292 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"tz_191\" style=\"left:821px;bottom:940px;letter-spacing:-0.17px;display:inline;\">404 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t10_191\" style=\"left:65px;bottom:921px;letter-spacing:-0.23px;display:inline;\">Additions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t11_191\" style=\"left:704px;bottom:921px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t12_191\" style=\"left:761px;bottom:921px;letter-spacing:-0.2px;display:inline;\">20 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t13_191\" style=\"left:830px;bottom:921px;letter-spacing:-0.15px;display:inline;\">21 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t14_191\" style=\"left:65px;bottom:903px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Fully depreciated assets written o\ufb00 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t15_191\" style=\"left:703px;bottom:903px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t16_191\" style=\"left:760px;bottom:903px;letter-spacing:-0.31px;display:inline;\">(15) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t17_191\" style=\"left:827px;bottom:903px;letter-spacing:-0.31px;display:inline;\">(15) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t18_191\" style=\"left:65px;bottom:884px;letter-spacing:-0.16px;display:inline;\">Disposals </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t19_191\" style=\"left:699px;bottom:884px;letter-spacing:-0.29px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t1a_191\" style=\"left:765px;bottom:884px;letter-spacing:-0.42px;display:inline;\">(3) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t1b_191\" style=\"left:831px;bottom:884px;letter-spacing:-0.37px;display:inline;\">(5) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t1c_191\" style=\"left:65px;bottom:866px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t1d_191\" style=\"left:703px;bottom:866px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t1e_191\" style=\"left:768px;bottom:866px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t1f_191\" style=\"left:834px;bottom:866px;display:inline;\">6 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t1g_191\" style=\"left:65px;bottom:847px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t1h_191\" style=\"left:695px;bottom:847px;letter-spacing:-0.3px;display:inline;\">111 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t1i_191\" style=\"left:753px;bottom:847px;letter-spacing:-0.19px;display:inline;\">300 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t1j_191\" style=\"left:825px;bottom:847px;letter-spacing:-0.36px;display:inline;\">411 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t1k_191\" style=\"left:65px;bottom:829px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">Depreciation and impairment </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t1l_191\" style=\"left:65px;bottom:810px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">At 1 January 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t1m_191\" style=\"left:693px;bottom:810px;letter-spacing:-0.25px;display:inline;\">(53) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t1n_191\" style=\"left:755px;bottom:810px;letter-spacing:-0.25px;display:inline;\">(214) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t1o_191\" style=\"left:819px;bottom:810px;letter-spacing:-0.14px;display:inline;\">(267) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t1p_191\" style=\"left:65px;bottom:792px;letter-spacing:-0.24px;display:inline;\">Provided </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t1q_191\" style=\"left:700px;bottom:792px;letter-spacing:-0.4px;display:inline;\">(3) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t1r_191\" style=\"left:762px;bottom:792px;letter-spacing:-0.18px;display:inline;\">(17) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t1s_191\" style=\"left:825px;bottom:792px;letter-spacing:-0.26px;display:inline;\">(20) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t1t_191\" style=\"left:65px;bottom:773px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">System Fund expense </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t1u_191\" style=\"left:703px;bottom:773px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t1v_191\" style=\"left:766px;bottom:773px;letter-spacing:-0.49px;display:inline;\">(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t1w_191\" style=\"left:832px;bottom:773px;letter-spacing:-0.49px;display:inline;\">(4) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t1x_191\" style=\"left:65px;bottom:755px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Impairment charge </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t1y_191\" style=\"left:703px;bottom:755px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t1z_191\" style=\"left:760px;bottom:755px;letter-spacing:-0.3px;display:inline;\">(10) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t20_191\" style=\"left:827px;bottom:755px;letter-spacing:-0.3px;display:inline;\">(10) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t21_191\" style=\"left:65px;bottom:736px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Impairment reversal </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t22_191\" style=\"left:703px;bottom:736px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t23_191\" style=\"left:769px;bottom:736px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t24_191\" style=\"left:835px;bottom:736px;display:inline;\">3 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t25_191\" style=\"left:65px;bottom:718px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Fully depreciated assets written o\ufb00 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t26_191\" style=\"left:703px;bottom:718px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t27_191\" style=\"left:761px;bottom:718px;letter-spacing:-0.16px;display:inline;\">30 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t28_191\" style=\"left:827px;bottom:718px;letter-spacing:-0.16px;display:inline;\">30 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t29_191\" style=\"left:65px;bottom:699px;letter-spacing:-0.16px;display:inline;\">Disposals </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t2a_191\" style=\"left:702px;bottom:699px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t2b_191\" style=\"left:769px;bottom:699px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t2c_191\" style=\"left:835px;bottom:699px;display:inline;\">9 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t2d_191\" style=\"left:65px;bottom:681px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t2e_191\" style=\"left:705px;bottom:681px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t2f_191\" style=\"left:767px;bottom:681px;letter-spacing:-0.3px;display:inline;\">11 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t2g_191\" style=\"left:831px;bottom:681px;letter-spacing:-0.26px;display:inline;\">12 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t2h_191\" style=\"left:65px;bottom:662px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t2i_191\" style=\"left:696px;bottom:662px;letter-spacing:-0.34px;display:inline;\">(51) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t2j_191\" style=\"left:754px;bottom:662px;letter-spacing:-0.22px;display:inline;\">(196) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t2k_191\" style=\"left:820px;bottom:662px;letter-spacing:-0.22px;display:inline;\">(247) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t2l_191\" style=\"left:65px;bottom:644px;letter-spacing:-0.24px;display:inline;\">Provided </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t2m_191\" style=\"left:699px;bottom:644px;letter-spacing:-0.4px;display:inline;\">(6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t2n_191\" style=\"left:760px;bottom:644px;letter-spacing:-0.32px;display:inline;\">(18) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t2o_191\" style=\"left:824px;bottom:644px;letter-spacing:-0.28px;display:inline;\">(24) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t2p_191\" style=\"left:65px;bottom:625px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">System Fund expense </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t2q_191\" style=\"left:703px;bottom:625px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t2r_191\" style=\"left:765px;bottom:625px;letter-spacing:-0.5px;display:inline;\">(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t2s_191\" style=\"left:831px;bottom:625px;letter-spacing:-0.5px;display:inline;\">(4) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t2t_191\" style=\"left:65px;bottom:607px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Fully depreciated assets written o\ufb00 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t2u_191\" style=\"left:703px;bottom:607px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t2v_191\" style=\"left:764px;bottom:607px;letter-spacing:-0.18px;display:inline;\">15 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t2w_191\" style=\"left:830px;bottom:607px;letter-spacing:-0.18px;display:inline;\">15 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t2x_191\" style=\"left:65px;bottom:588px;letter-spacing:-0.16px;display:inline;\">Disposals </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t2y_191\" style=\"left:702px;bottom:588px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t2z_191\" style=\"left:768px;bottom:588px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t30_191\" style=\"left:834px;bottom:588px;display:inline;\">5 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t31_191\" style=\"left:65px;bottom:570px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t32_191\" style=\"left:704px;bottom:570px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t33_191\" style=\"left:765px;bottom:570px;letter-spacing:-0.5px;display:inline;\">(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t34_191\" style=\"left:831px;bottom:570px;letter-spacing:-0.42px;display:inline;\">(3) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t35_191\" style=\"left:65px;bottom:551px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t36_191\" style=\"left:692px;bottom:551px;letter-spacing:-0.31px;display:inline;\">(54) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t37_191\" style=\"left:750px;bottom:551px;letter-spacing:-0.27px;display:inline;\">(204) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t38_191\" style=\"left:818px;bottom:551px;letter-spacing:-0.23px;display:inline;\">(258) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t39_191\" style=\"left:65px;bottom:515px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Net book value </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t3a_191\" style=\"left:65px;bottom:497px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t3b_191\" style=\"left:696px;bottom:497px;letter-spacing:-0.34px;display:inline;\">57 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t3c_191\" style=\"left:761px;bottom:497px;letter-spacing:-0.15px;display:inline;\">96 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t3d_191\" style=\"left:823px;bottom:497px;letter-spacing:-0.17px;display:inline;\">153 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t3e_191\" style=\"left:65px;bottom:478px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t3f_191\" style=\"left:698px;bottom:478px;letter-spacing:-0.09px;display:inline;\">61 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t3g_191\" style=\"left:762px;bottom:478px;letter-spacing:-0.06px;display:inline;\">96 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t3h_191\" style=\"left:825px;bottom:478px;letter-spacing:-0.2px;display:inline;\">157 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t3i_191\" style=\"left:65px;bottom:460px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">At 1 January 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t3j_191\" style=\"left:697px;bottom:460px;letter-spacing:-0.4px;display:inline;\">52 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t3k_191\" style=\"left:762px;bottom:460px;letter-spacing:-0.08px;display:inline;\">85 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t3l_191\" style=\"left:825px;bottom:460px;letter-spacing:-0.26px;display:inline;\">137 </div></td></tr></table>\n<div class=\"t s4_191\" id=\"t3m_191\" style=\"left:65px;bottom:426px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The Group\u2019s property, plant and equipment mainly comprises buildings and leasehold improvements on 17 hotels (2022: 16 hotels), but also </div><div class=\"t s5_191\" id=\"t3n_191\" style=\"left:65px;bottom:411px;letter-spacing:-0.05px;word-spacing:-0.08px;display:inline;\">o\ufb00ices and computer hardware, throughout the world. </div><div class=\"t s6_191\" id=\"t3o_191\" style=\"left:65px;bottom:388px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">Net book value by operating segment </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_191\" id=\"t3t_191\" style=\"left:675px;bottom:374px;letter-spacing:0.09px;display:inline;\">Greater </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_191\" id=\"t3p_191\" style=\"left:535px;bottom:363px;letter-spacing:0.11px;display:inline;\">Americas </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_191\" id=\"t3r_191\" style=\"left:610px;bottom:363px;letter-spacing:0.22px;display:inline;\">EMEAA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_191\" id=\"t3u_191\" style=\"left:683px;bottom:363px;letter-spacing:0.12px;display:inline;\">China </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_191\" id=\"t3w_191\" style=\"left:742px;bottom:363px;letter-spacing:0.1px;display:inline;\">Central </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_191\" id=\"t3y_191\" style=\"left:819px;bottom:363px;letter-spacing:-0.07px;display:inline;\">Total </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_191\" id=\"t3q_191\" style=\"left:562px;bottom:352px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_191\" id=\"t3s_191\" style=\"left:629px;bottom:352px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_191\" id=\"t3v_191\" style=\"left:695px;bottom:352px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_191\" id=\"t3x_191\" style=\"left:761px;bottom:352px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_191\" id=\"t3z_191\" style=\"left:827px;bottom:352px;letter-spacing:0.15px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t40_191\" style=\"left:65px;bottom:334px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Land and buildings </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t41_191\" style=\"left:566px;bottom:334px;letter-spacing:-0.35px;display:inline;\">51 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t42_191\" style=\"left:638px;bottom:334px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t43_191\" style=\"left:703px;bottom:334px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t44_191\" style=\"left:768px;bottom:334px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t45_191\" style=\"left:829px;bottom:334px;letter-spacing:-0.34px;display:inline;\">57 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_191\" id=\"t46_191\" style=\"left:65px;bottom:316px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Fixtures, fittings and equipment </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t47_191\" style=\"left:565px;bottom:316px;letter-spacing:-0.24px;display:inline;\">31 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t48_191\" style=\"left:636px;bottom:316px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t49_191\" style=\"left:703px;bottom:316px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t4a_191\" style=\"left:763px;bottom:316px;letter-spacing:-0.19px;display:inline;\">61 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t4b_191\" style=\"left:827px;bottom:316px;letter-spacing:-0.15px;display:inline;\">96 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t4c_191\" style=\"left:564px;bottom:297px;letter-spacing:-0.25px;display:inline;\">82 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t4d_191\" style=\"left:636px;bottom:297px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t4e_191\" style=\"left:703px;bottom:297px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t4f_191\" style=\"left:761px;bottom:297px;letter-spacing:-0.17px;display:inline;\">66 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_191\" id=\"t4g_191\" style=\"left:823px;bottom:297px;letter-spacing:-0.17px;display:inline;\">153 </div></td></tr></table>\n<div class=\"t s6_191\" id=\"t4h_191\" style=\"left:65px;bottom:264px;word-spacing:-0.13px;display:inline;\">Impairment and impairment reversals </div><div class=\"t s8_191\" id=\"t4i_191\" style=\"left:65px;bottom:249px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">2022 impairment </div><div class=\"t s5_191\" id=\"t4j_191\" style=\"left:65px;bottom:233px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">An impairment charge of $10m was recognised in the year on property, plant and equipment relating to one hotel in the EMEAA region. </div><div class=\"t s5_191\" id=\"t4k_191\" style=\"left:65px;bottom:218px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">A further $2m impairment of right-of-use assets was recognised in relation to the same hotel. The charge arose, and was classed as </div><div class=\"t s4_191\" id=\"t4l_191\" style=\"left:65px;bottom:203px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">exceptional, due to recent cost inflation which is impacting operating costs but also the projected variable rent payments. The assets </div><div class=\"t s4_191\" id=\"t4m_191\" style=\"left:65px;bottom:188px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">were measured at value in use, using a discounted cash flow approach based on the hotel\u2019s five-year plan. Cash flows beyond the five-year </div><div class=\"t s5_191\" id=\"t4n_191\" style=\"left:65px;bottom:172px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">period were extrapolated using a long-term growth rate which did not exceed the long-term average growth rate for the relevant country. </div><div class=\"t s5_191\" id=\"t4o_191\" style=\"left:65px;bottom:157px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Estimated future cash </div><div class=\"t s4_191\" id=\"t4p_191\" style=\"left:189px;bottom:157px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">flows were discounted at a pre-tax rate o</div><div class=\"t s5_191\" id=\"t4q_191\" style=\"left:415px;bottom:157px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">f 9.6%. The recoverable amount was $nil. </div><div class=\"t s8_191\" id=\"t4r_191\" style=\"left:65px;bottom:31px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\"> </div><div class=\"t m0_191 s9_191\" id=\"t4s_191\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t s8_191\" id=\"t4t_191\" style=\"left:825px;bottom:31px;letter-spacing:0.06px;display:inline;\"></div><div></div><div class=\"t s2_192\" id=\"t3_192\" style=\"left:65px;bottom:1100px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">2022 impairment reversal </div><div class=\"t s3_192\" id=\"t4_192\" style=\"left:65px;bottom:1084px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Impairment reversals of $3m were recognised in relation to the UK portfolio (EMEAA region) and arose as a result of the renegotiation </div><div class=\"t s3_192\" id=\"t5_192\" style=\"left:65px;bottom:1069px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">of contractual agreements which enhanced the cash-generating potential of those hotels. The recoverable amount was measured at value </div><div class=\"t s4_192\" id=\"t6_192\" style=\"left:65px;bottom:1054px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">in use, using a discounted cash flow </div><div class=\"t s3_192\" id=\"t7_192\" style=\"left:269px;bottom:1054px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">forecast used to assess the new deal with rentals based on the agreed contractual terms. A pre-tax </div><div class=\"t s3_192\" id=\"t8_192\" style=\"left:65px;bottom:1039px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">discount rate of 14.2% was applied. </div><div class=\"t s4_192\" id=\"t9_192\" style=\"left:65px;bottom:1016px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">In both 2022 impairment tests, hotel specific plans were used which used the IHG UK RevPAR </div><div class=\"t s3_192\" id=\"ta_192\" style=\"left:587px;bottom:1016px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">forecasts adjusted for factors speci</div><div class=\"t s4_192\" id=\"tb_192\" style=\"left:784px;bottom:1016px;letter-spacing:-0.1px;word-spacing:-0.07px;display:inline;\">fic to the </div>individual property (such as revenue from food and beverage facilities and the impact of renovations on occupancy and rate).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f33433": {
   "value": "14. Leases <div class=\"t s5_192\" id=\"te_192\" style=\"left:65px;bottom:955px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">Right-of-use assets </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_192\" id=\"tf_192\" style=\"left:603px;bottom:945px;letter-spacing:0.09px;word-spacing:-0.19px;display:inline;\">Land and </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_192\" id=\"ti_192\" style=\"left:659px;bottom:945px;letter-spacing:0.07px;display:inline;\">Investment </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_192\" id=\"tg_192\" style=\"left:602px;bottom:934px;letter-spacing:0.1px;display:inline;\">buildings </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_192\" id=\"tj_192\" style=\"left:670px;bottom:934px;letter-spacing:0.14px;display:inline;\">property </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_192\" id=\"tl_192\" style=\"left:749px;bottom:934px;letter-spacing:0.15px;display:inline;\">Other </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_192\" id=\"tn_192\" style=\"left:819px;bottom:934px;letter-spacing:-0.07px;display:inline;\">Total </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_192\" id=\"th_192\" style=\"left:629px;bottom:923px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_192\" id=\"tk_192\" style=\"left:695px;bottom:923px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_192\" id=\"tm_192\" style=\"left:761px;bottom:923px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_192\" id=\"to_192\" style=\"left:827px;bottom:923px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"tp_192\" style=\"left:65px;bottom:905px;letter-spacing:-0.15px;display:inline;\">Cost </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"tq_192\" style=\"left:65px;bottom:887px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">At 1 January 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"tr_192\" style=\"left:624px;bottom:887px;letter-spacing:-0.27px;display:inline;\">607 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"ts_192\" style=\"left:704px;bottom:887px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"tt_192\" style=\"left:769px;bottom:887px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"tu_192\" style=\"left:823px;bottom:887px;letter-spacing:-0.17px;display:inline;\">610 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"tv_192\" style=\"left:65px;bottom:868px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Additions and other re-measurements </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"tw_192\" style=\"left:629px;bottom:868px;letter-spacing:-0.14px;display:inline;\">40 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"tx_192\" style=\"left:704px;bottom:868px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"ty_192\" style=\"left:770px;bottom:868px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"tz_192\" style=\"left:827px;bottom:868px;letter-spacing:-0.14px;display:inline;\">40 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t10_192\" style=\"left:65px;bottom:850px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Transfers to investment property </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t11_192\" style=\"left:626px;bottom:850px;letter-spacing:-0.29px;display:inline;\">(50) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t12_192\" style=\"left:696px;bottom:850px;letter-spacing:-0.24px;display:inline;\">50 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t13_192\" style=\"left:770px;bottom:850px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t14_192\" style=\"left:836px;bottom:850px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t15_192\" style=\"left:65px;bottom:831px;letter-spacing:-0.29px;word-spacing:-0.05px;display:inline;\">Transfers to </div><div class=\"t s9_192\" id=\"t16_192\" style=\"left:125px;bottom:831px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">finance lease receivable </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t17_192\" style=\"left:634px;bottom:831px;letter-spacing:-0.29px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t18_192\" style=\"left:704px;bottom:831px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t19_192\" style=\"left:770px;bottom:831px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t1a_192\" style=\"left:832px;bottom:831px;letter-spacing:-0.29px;display:inline;\">(5) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t1b_192\" style=\"left:65px;bottom:813px;letter-spacing:-0.29px;display:inline;\">Terminations </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t1c_192\" style=\"left:633px;bottom:813px;letter-spacing:-0.36px;display:inline;\">(9) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t1d_192\" style=\"left:704px;bottom:813px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t1e_192\" style=\"left:768px;bottom:813px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t1f_192\" style=\"left:827px;bottom:813px;letter-spacing:-0.3px;display:inline;\">(10) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t1g_192\" style=\"left:65px;bottom:794px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t1h_192\" style=\"left:630px;bottom:794px;letter-spacing:-0.3px;display:inline;\">(12) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t1i_192\" style=\"left:704px;bottom:794px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t1j_192\" style=\"left:770px;bottom:794px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t1k_192\" style=\"left:828px;bottom:794px;letter-spacing:-0.3px;display:inline;\">(12) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t1l_192\" style=\"left:65px;bottom:776px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t1m_192\" style=\"left:627px;bottom:776px;letter-spacing:-0.13px;display:inline;\">571 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t1n_192\" style=\"left:696px;bottom:776px;letter-spacing:-0.24px;display:inline;\">50 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t1o_192\" style=\"left:769px;bottom:776px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t1p_192\" style=\"left:822px;bottom:776px;letter-spacing:-0.23px;display:inline;\">623 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t1q_192\" style=\"left:65px;bottom:757px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Additions and other re-measurements </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t1r_192\" style=\"left:632px;bottom:757px;letter-spacing:-0.18px;display:inline;\">15 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t1s_192\" style=\"left:703px;bottom:757px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t1t_192\" style=\"left:769px;bottom:757px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t1u_192\" style=\"left:831px;bottom:757px;letter-spacing:-0.34px;display:inline;\">17 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t1v_192\" style=\"left:65px;bottom:739px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Transfers to investment property </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t1w_192\" style=\"left:633px;bottom:739px;letter-spacing:-0.29px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t1x_192\" style=\"left:702px;bottom:739px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t1y_192\" style=\"left:769px;bottom:739px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t1z_192\" style=\"left:835px;bottom:739px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t20_192\" style=\"left:65px;bottom:720px;letter-spacing:-0.29px;display:inline;\">Terminations </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t21_192\" style=\"left:628px;bottom:720px;letter-spacing:-0.36px;display:inline;\">(51) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t22_192\" style=\"left:703px;bottom:720px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t23_192\" style=\"left:767px;bottom:720px;letter-spacing:-0.39px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t24_192\" style=\"left:825px;bottom:720px;letter-spacing:-0.35px;display:inline;\">(52) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t25_192\" style=\"left:65px;bottom:702px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t26_192\" style=\"left:638px;bottom:702px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t27_192\" style=\"left:703px;bottom:702px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t28_192\" style=\"left:769px;bottom:702px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t29_192\" style=\"left:836px;bottom:702px;display:inline;\">1 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t2a_192\" style=\"left:65px;bottom:683px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t2b_192\" style=\"left:622px;bottom:683px;letter-spacing:-0.15px;display:inline;\">534 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t2c_192\" style=\"left:696px;bottom:683px;letter-spacing:-0.37px;display:inline;\">52 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t2d_192\" style=\"left:768px;bottom:683px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t2e_192\" style=\"left:820px;bottom:683px;letter-spacing:-0.18px;display:inline;\">589 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t2f_192\" style=\"left:65px;bottom:665px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">Depreciation and impairment </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t2g_192\" style=\"left:65px;bottom:646px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">At 1 January 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t2h_192\" style=\"left:620px;bottom:646px;letter-spacing:-0.26px;display:inline;\">(334) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t2i_192\" style=\"left:703px;bottom:646px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t2j_192\" style=\"left:766px;bottom:646px;letter-spacing:-0.26px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t2k_192\" style=\"left:818px;bottom:646px;letter-spacing:-0.25px;display:inline;\">(336) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t2l_192\" style=\"left:65px;bottom:628px;letter-spacing:-0.24px;display:inline;\">Provided </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t2m_192\" style=\"left:627px;bottom:628px;letter-spacing:-0.32px;display:inline;\">(24) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t2n_192\" style=\"left:703px;bottom:628px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t2o_192\" style=\"left:768px;bottom:628px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t2p_192\" style=\"left:826px;bottom:628px;letter-spacing:-0.23px;display:inline;\">(25) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t2q_192\" style=\"left:65px;bottom:609px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">System Fund expense </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t2r_192\" style=\"left:634px;bottom:609px;letter-spacing:-0.4px;display:inline;\">(3) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t2s_192\" style=\"left:703px;bottom:609px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t2t_192\" style=\"left:769px;bottom:609px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t2u_192\" style=\"left:832px;bottom:609px;letter-spacing:-0.4px;display:inline;\">(3) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t2v_192\" style=\"left:65px;bottom:591px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Impairment charge </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t2w_192\" style=\"left:634px;bottom:591px;letter-spacing:-0.26px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t2x_192\" style=\"left:703px;bottom:591px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t2y_192\" style=\"left:769px;bottom:591px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t2z_192\" style=\"left:832px;bottom:591px;letter-spacing:-0.26px;display:inline;\">(2) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t30_192\" style=\"left:65px;bottom:572px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Impairment reversal </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t31_192\" style=\"left:637px;bottom:572px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t32_192\" style=\"left:703px;bottom:572px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t33_192\" style=\"left:769px;bottom:572px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t34_192\" style=\"left:835px;bottom:572px;display:inline;\">2 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t35_192\" style=\"left:65px;bottom:554px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Transfers to investment property </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t36_192\" style=\"left:631px;bottom:554px;letter-spacing:-0.42px;display:inline;\">47 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t37_192\" style=\"left:694px;bottom:554px;letter-spacing:-0.3px;display:inline;\">(47) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t38_192\" style=\"left:769px;bottom:554px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t39_192\" style=\"left:836px;bottom:554px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3a_192\" style=\"left:65px;bottom:535px;letter-spacing:-0.29px;word-spacing:-0.05px;display:inline;\">Transfers to </div><div class=\"t s9_192\" id=\"t3b_192\" style=\"left:125px;bottom:535px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">finance lease receivable </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3c_192\" style=\"left:637px;bottom:535px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3d_192\" style=\"left:703px;bottom:535px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3e_192\" style=\"left:769px;bottom:535px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3f_192\" style=\"left:835px;bottom:535px;display:inline;\">3 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3g_192\" style=\"left:65px;bottom:517px;letter-spacing:-0.29px;display:inline;\">Terminations </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3h_192\" style=\"left:636px;bottom:517px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3i_192\" style=\"left:703px;bottom:517px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3j_192\" style=\"left:771px;bottom:517px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3k_192\" style=\"left:830px;bottom:517px;letter-spacing:-0.22px;display:inline;\">10 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3l_192\" style=\"left:65px;bottom:498px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3m_192\" style=\"left:637px;bottom:498px;display:inline;\">8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3n_192\" style=\"left:703px;bottom:498px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3o_192\" style=\"left:769px;bottom:498px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3p_192\" style=\"left:835px;bottom:498px;display:inline;\">8 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3q_192\" style=\"left:65px;bottom:480px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3r_192\" style=\"left:621px;bottom:480px;letter-spacing:-0.24px;display:inline;\">(294) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3s_192\" style=\"left:694px;bottom:480px;letter-spacing:-0.3px;display:inline;\">(47) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3t_192\" style=\"left:766px;bottom:480px;letter-spacing:-0.26px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3u_192\" style=\"left:818px;bottom:480px;letter-spacing:-0.22px;display:inline;\">(343) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t3v_192\" style=\"left:65px;bottom:461px;letter-spacing:-0.24px;display:inline;\">Provided </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t3w_192\" style=\"left:626px;bottom:461px;letter-spacing:-0.21px;display:inline;\">(22) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t3x_192\" style=\"left:703px;bottom:461px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t3y_192\" style=\"left:769px;bottom:461px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t3z_192\" style=\"left:825px;bottom:461px;letter-spacing:-0.21px;display:inline;\">(22) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t40_192\" style=\"left:65px;bottom:443px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">System Fund expense </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t41_192\" style=\"left:633px;bottom:443px;letter-spacing:-0.29px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t42_192\" style=\"left:703px;bottom:443px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t43_192\" style=\"left:769px;bottom:443px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t44_192\" style=\"left:831px;bottom:443px;letter-spacing:-0.29px;display:inline;\">(2) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t45_192\" style=\"left:65px;bottom:424px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Transfers to investment property </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t46_192\" style=\"left:636px;bottom:424px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t47_192\" style=\"left:699px;bottom:424px;letter-spacing:-0.29px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t48_192\" style=\"left:769px;bottom:424px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t49_192\" style=\"left:835px;bottom:424px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t4a_192\" style=\"left:65px;bottom:406px;letter-spacing:-0.29px;display:inline;\">Terminations </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t4b_192\" style=\"left:632px;bottom:406px;letter-spacing:-0.35px;display:inline;\">51 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t4c_192\" style=\"left:703px;bottom:406px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t4d_192\" style=\"left:770px;bottom:406px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t4e_192\" style=\"left:828px;bottom:406px;letter-spacing:-0.37px;display:inline;\">52 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t4f_192\" style=\"left:65px;bottom:387px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t4g_192\" style=\"left:635px;bottom:387px;letter-spacing:-0.39px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t4h_192\" style=\"left:703px;bottom:387px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t4i_192\" style=\"left:769px;bottom:387px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t4j_192\" style=\"left:833px;bottom:387px;letter-spacing:-0.39px;display:inline;\">(1) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t4k_192\" style=\"left:65px;bottom:369px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t4l_192\" style=\"left:619px;bottom:369px;letter-spacing:-0.24px;display:inline;\">(266) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t4m_192\" style=\"left:692px;bottom:369px;letter-spacing:-0.38px;display:inline;\">(49) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t4n_192\" style=\"left:767px;bottom:369px;letter-spacing:-0.39px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t4o_192\" style=\"left:819px;bottom:369px;letter-spacing:-0.31px;display:inline;\">(316) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t4p_192\" style=\"left:65px;bottom:332px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Net book value </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t4q_192\" style=\"left:65px;bottom:313px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t4r_192\" style=\"left:622px;bottom:313px;letter-spacing:-0.18px;display:inline;\">268 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t4s_192\" style=\"left:702px;bottom:313px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t4t_192\" style=\"left:768px;bottom:313px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_192\" id=\"t4u_192\" style=\"left:822px;bottom:313px;letter-spacing:-0.28px;display:inline;\">273 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t4v_192\" style=\"left:65px;bottom:295px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t4w_192\" style=\"left:625px;bottom:295px;letter-spacing:-0.01px;display:inline;\">277 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t4x_192\" style=\"left:703px;bottom:295px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t4y_192\" style=\"left:769px;bottom:295px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t4z_192\" style=\"left:821px;bottom:295px;letter-spacing:-0.21px;display:inline;\">280 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t50_192\" style=\"left:65px;bottom:276px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">At 1 January 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t51_192\" style=\"left:625px;bottom:276px;letter-spacing:-0.23px;display:inline;\">273 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t52_192\" style=\"left:703px;bottom:276px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t53_192\" style=\"left:771px;bottom:276px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_192\" id=\"t54_192\" style=\"left:824px;bottom:276px;letter-spacing:-0.48px;display:inline;\">274 </div></td></tr></table>\n<div class=\"t s5_192\" id=\"t55_192\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t s2_192\" id=\"t56_192\" style=\"left:65px;bottom:31px;letter-spacing:0.11px;display:inline;\"></div><div></div><div class=\"t s2_193\" id=\"t3_193\" style=\"left:65px;bottom:1100px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">The Group\u2019s leased assets mainly comprise hotels and o\ufb00ices. Leases contain a wide range of di</div><div class=\"t s3_193\" id=\"t4_193\" style=\"left:598px;bottom:1100px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">\ufb00erent terms and conditions. The term of </div><div class=\"t s2_193\" id=\"t5_193\" style=\"left:65px;bottom:1084px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">property leases ranges from 1-99 years. The weighted average lease term remaining on the Group\u2019s top eight leases (which comprise 94% </div><div class=\"t s3_193\" id=\"t6_193\" style=\"left:65px;bottom:1069px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">(2022: 95%) of the right-of-use asset net book value) is 56 years (2022: 56 years). The InterContinental Boston lease, expiring in 2105, has </div><div class=\"t s4_193\" id=\"t7_193\" style=\"left:65px;bottom:1054px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">a significant impact on this weighted average lease term; excluding this lease the weighted average lease term is 8 years (2022: 9 years). </div><div class=\"t s4_193\" id=\"t8_193\" style=\"left:65px;bottom:1039px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Undiscounted cash flows on the Boston lease o</div><div class=\"t s2_193\" id=\"t9_193\" style=\"left:328px;bottom:1039px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">f $3,212m (2022: $3,233m) represent 94% (2022: 94%) of the total undiscounted cash </div><div class=\"t s4_193\" id=\"ta_193\" style=\"left:807px;bottom:1039px;letter-spacing:-0.06px;display:inline;\">flows </div><div class=\"t s2_193\" id=\"tb_193\" style=\"left:65px;bottom:1023px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">relating to lease liabilities. </div><div class=\"t s2_193\" id=\"tc_193\" style=\"left:65px;bottom:1000px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Many of the Group\u2019s property leases contain extension or early termination options, which are used for operational </div><div class=\"t s4_193\" id=\"td_193\" style=\"left:704px;bottom:1000px;letter-spacing:-0.08px;word-spacing:-0.08px;display:inline;\">flexibility. The lease </div><div class=\"t s2_193\" id=\"te_193\" style=\"left:65px;bottom:985px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">agreement over the US corporate headquarters contains a material extension option which is not included in the calculation of the lease </div><div class=\"t s3_193\" id=\"tf_193\" style=\"left:65px;bottom:970px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">asset and liability as the extension would not take e\ufb00ect before 2031 and there is no reasonable certainty the option will be exercised. </div><div class=\"t s2_193\" id=\"tg_193\" style=\"left:65px;bottom:955px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">The value of the undiscounted rental payments relating to this lease and not included in the value of the lease asset and liability is $295m. </div><div class=\"t s3_193\" id=\"th_193\" style=\"left:65px;bottom:939px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Additionally, the Group has the option to extend the term of the InterContinental Boston lease for two additional 20-year terms, the </div><div class=\"t s4_193\" id=\"ti_193\" style=\"left:794px;bottom:939px;letter-spacing:-0.02px;display:inline;\">first </div><div class=\"t s3_193\" id=\"tj_193\" style=\"left:65px;bottom:924px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">of which would take e\ufb00ect from 2105. These extension options have not been included in the calculation of the lease liability. </div><div class=\"t s5_193\" id=\"tk_193\" style=\"left:65px;bottom:901px;word-spacing:-0.13px;display:inline;\">Impairment and impairment reversals </div><div class=\"t s6_193\" id=\"tl_193\" style=\"left:65px;bottom:886px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">2022 impairment </div><div class=\"t s2_193\" id=\"tm_193\" style=\"left:65px;bottom:871px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Details of the $2m impairment charge are contained in note 13. </div><div class=\"t s6_193\" id=\"tn_193\" style=\"left:65px;bottom:848px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">2022 impairment reversal </div><div class=\"t s2_193\" id=\"to_193\" style=\"left:65px;bottom:832px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Impairment reversals of $2m were recognised in relation to one hotel in the EMEAA region and arose due to improved recovery forecasts </div><div class=\"t s4_193\" id=\"tp_193\" style=\"left:65px;bottom:817px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">as well as strong 2022 trading. The asset was measured at value in use, using a discounted cash flow </div><div class=\"t s2_193\" id=\"tq_193\" style=\"left:626px;bottom:817px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">for the remaining </div><div class=\"t s4_193\" id=\"tr_193\" style=\"left:725px;bottom:817px;letter-spacing:-0.05px;word-spacing:-0.11px;display:inline;\">five-year lease term. </div><div class=\"t s2_193\" id=\"ts_193\" style=\"left:65px;bottom:802px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Estimated future cash </div><div class=\"t s4_193\" id=\"tt_193\" style=\"left:189px;bottom:802px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">flows were discounted at a pre-tax rate o</div><div class=\"t s2_193\" id=\"tu_193\" style=\"left:415px;bottom:802px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">f 17.6%. The recoverable amount was $9m which represents the depreciated </div><div class=\"t s2_193\" id=\"tv_193\" style=\"left:65px;bottom:786px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">value of the original asset. </div><div class=\"t s6_193\" id=\"tw_193\" style=\"left:65px;bottom:764px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">2021 impairment reversal </div><div class=\"t s2_193\" id=\"tx_193\" style=\"left:65px;bottom:748px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Impairment reversals of $3m were recognised in relation to the US corporate headquarters and arose as a result of contractual agreements </div><div class=\"t s2_193\" id=\"ty_193\" style=\"left:65px;bottom:733px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">to sublease or surrender certain areas for the remainder of the lease term, removing uncertainty over future cash </div><div class=\"t s4_193\" id=\"tz_193\" style=\"left:695px;bottom:733px;letter-spacing:-0.06px;display:inline;\">flows </div><div class=\"t s2_193\" id=\"t10_193\" style=\"left:727px;bottom:733px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">for those areas. </div><div class=\"t s4_193\" id=\"t11_193\" style=\"left:65px;bottom:710px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The recoverable amount was measured at value in use, using a discounted cash flow based on the agreed contractual terms. A pre-tax </div><div class=\"t s2_193\" id=\"t12_193\" style=\"left:65px;bottom:695px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">discount rate of 9.5% was applied. </div><div class=\"t s2_193\" id=\"t13_193\" style=\"left:65px;bottom:672px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">The impairment reversal was substantially all recognised in the System Fund in line with existing principles for cost allocation relating </div><div class=\"t s2_193\" id=\"t14_193\" style=\"left:65px;bottom:657px;letter-spacing:-0.14px;word-spacing:-0.02px;display:inline;\">to this facility. </div><div class=\"t s5_193\" id=\"t15_193\" style=\"left:65px;bottom:634px;word-spacing:-0.15px;display:inline;\">Lease liabilities </div><div class=\"t s2_193\" id=\"t16_193\" style=\"left:65px;bottom:618px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">The majority of the Group\u2019s lease liabilities are discounted at incremental borrowing rates of up to 11%. The rate implicit in the </div><div class=\"t s2_193\" id=\"t17_193\" style=\"left:65px;bottom:603px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">InterContinental Boston lease was 9.7% and was derived from a valuation of the hotel at lease inception in 2006. </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_193\" id=\"t19_193\" style=\"left:739px;bottom:586px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_193\" id=\"t1b_193\" style=\"left:819px;bottom:586px;letter-spacing:0.17px;display:inline;\">2022 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_193\" id=\"t18_193\" style=\"left:65px;bottom:575px;letter-spacing:0.08px;display:inline;\">Currency </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_193\" id=\"t1a_193\" style=\"left:748px;bottom:575px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_193\" id=\"t1c_193\" style=\"left:827px;bottom:575px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t1d_193\" style=\"left:65px;bottom:557px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">US dollars </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_193\" id=\"t1e_193\" style=\"left:743px;bottom:557px;letter-spacing:-0.24px;display:inline;\">357 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t1f_193\" style=\"left:822px;bottom:557px;letter-spacing:-0.1px;display:inline;\">363 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t1g_193\" style=\"left:65px;bottom:538px;letter-spacing:-0.23px;display:inline;\">Sterling </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_193\" id=\"t1h_193\" style=\"left:749px;bottom:538px;letter-spacing:-0.27px;display:inline;\">32 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t1i_193\" style=\"left:831px;bottom:538px;letter-spacing:-0.16px;display:inline;\">31 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t1j_193\" style=\"left:65px;bottom:520px;letter-spacing:-0.27px;display:inline;\">Euros </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_193\" id=\"t1k_193\" style=\"left:755px;bottom:520px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t1l_193\" style=\"left:835px;bottom:520px;display:inline;\">5 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t1m_193\" style=\"left:65px;bottom:501px;letter-spacing:-0.19px;display:inline;\">Other </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_193\" id=\"t1n_193\" style=\"left:748px;bottom:501px;letter-spacing:-0.17px;display:inline;\">33 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t1o_193\" style=\"left:829px;bottom:501px;letter-spacing:-0.28px;display:inline;\">28 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_193\" id=\"t1p_193\" style=\"left:742px;bottom:482px;letter-spacing:-0.27px;display:inline;\">426 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t1q_193\" style=\"left:823px;bottom:482px;letter-spacing:-0.22px;display:inline;\">427 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t1r_193\" style=\"left:65px;bottom:450px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Analysed as: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t1s_193\" style=\"left:73px;bottom:432px;letter-spacing:-0.25px;display:inline;\">Current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_193\" id=\"t1t_193\" style=\"left:748px;bottom:432px;letter-spacing:-0.22px;display:inline;\">30 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t1u_193\" style=\"left:829px;bottom:432px;letter-spacing:-0.26px;display:inline;\">26 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_193\" id=\"t1v_193\" style=\"left:73px;bottom:413px;letter-spacing:-0.19px;display:inline;\">Non-current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_193\" id=\"t1w_193\" style=\"left:741px;bottom:413px;letter-spacing:-0.16px;display:inline;\">396 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t1x_193\" style=\"left:823px;bottom:413px;letter-spacing:-0.12px;display:inline;\">401 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_193\" id=\"t1y_193\" style=\"left:742px;bottom:395px;letter-spacing:-0.27px;display:inline;\">426 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t1z_193\" style=\"left:823px;bottom:395px;letter-spacing:-0.22px;display:inline;\">427 </div></td></tr></table>\n<div class=\"t s2_193\" id=\"t20_193\" style=\"left:65px;bottom:361px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">The maturity analysis of lease liabilities is disclosed in note 24. </div><div class=\"t s4_193\" id=\"t21_193\" style=\"left:65px;bottom:338px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">The Group\u2019s lease liability is not materially sensitive to inflation as $342m (2022: $348m) relates to the InterContinental Boston and the </div><div class=\"t s4_193\" id=\"t22_193\" style=\"left:65px;bottom:323px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">US corporate headquarters, which both include fixed payments and are not subject to inflationary adjustments. </div><div class=\"t s5_193\" id=\"t23_193\" style=\"left:65px;bottom:300px;letter-spacing:0.02px;word-spacing:-0.15px;display:inline;\">Amounts recognised in the Group income statement </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_193\" id=\"t24_193\" style=\"left:660px;bottom:286px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_193\" id=\"t26_193\" style=\"left:740px;bottom:286px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_193\" id=\"t28_193\" style=\"left:821px;bottom:286px;letter-spacing:0.14px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_193\" id=\"t25_193\" style=\"left:669px;bottom:275px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_193\" id=\"t27_193\" style=\"left:748px;bottom:275px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_193\" id=\"t29_193\" style=\"left:827px;bottom:275px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_193\" id=\"t2a_193\" style=\"left:65px;bottom:257px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Depreciation of right-of-use assets </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_193\" id=\"t2b_193\" style=\"left:670px;bottom:257px;letter-spacing:-0.04px;display:inline;\">22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t2c_193\" style=\"left:750px;bottom:257px;letter-spacing:-0.21px;display:inline;\">25 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t2d_193\" style=\"left:830px;bottom:257px;letter-spacing:-0.16px;display:inline;\">27 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_193\" id=\"t2e_193\" style=\"left:65px;bottom:238px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">System Fund depreciation of right-of-use assets </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_193\" id=\"t2f_193\" style=\"left:677px;bottom:238px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t2g_193\" style=\"left:756px;bottom:238px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t2h_193\" style=\"left:835px;bottom:238px;display:inline;\">3 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t2i_193\" style=\"left:65px;bottom:220px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">System Fund impairment reversal </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_193\" id=\"t2j_193\" style=\"left:677px;bottom:220px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t2k_193\" style=\"left:757px;bottom:220px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t2l_193\" style=\"left:832px;bottom:220px;letter-spacing:-0.4px;display:inline;\">(3) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t2m_193\" style=\"left:65px;bottom:201px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Expense relating to variable lease payments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_193\" id=\"t2n_193\" style=\"left:670px;bottom:201px;letter-spacing:-0.23px;display:inline;\">62 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t2o_193\" style=\"left:750px;bottom:201px;letter-spacing:-0.42px;display:inline;\">47 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t2p_193\" style=\"left:831px;bottom:201px;letter-spacing:-0.16px;display:inline;\">31 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_193\" id=\"t2q_193\" style=\"left:65px;bottom:183px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Expense relating to short-term leases and low-value assets </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_193\" id=\"t2r_193\" style=\"left:677px;bottom:183px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t2s_193\" style=\"left:758px;bottom:183px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t2t_193\" style=\"left:837px;bottom:183px;display:inline;\">1 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_193\" id=\"t2u_193\" style=\"left:65px;bottom:164px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Income from operating subleases of right-of-use assets </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_193\" id=\"t2v_193\" style=\"left:673px;bottom:164px;letter-spacing:-0.29px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t2w_193\" style=\"left:755px;bottom:164px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t2x_193\" style=\"left:834px;bottom:164px;letter-spacing:-0.35px;display:inline;\">(1) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_193\" id=\"t2y_193\" style=\"left:65px;bottom:146px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">Recognised in operating profit </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_193\" id=\"t2z_193\" style=\"left:669px;bottom:146px;letter-spacing:-0.19px;display:inline;\">86 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t30_193\" style=\"left:750px;bottom:146px;letter-spacing:-0.13px;display:inline;\">75 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t31_193\" style=\"left:828px;bottom:146px;letter-spacing:-0.19px;display:inline;\">58 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t32_193\" style=\"left:65px;bottom:127px;letter-spacing:-0.21px;word-spacing:-0.13px;display:inline;\">Interest on lease liabilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_193\" id=\"t33_193\" style=\"left:669px;bottom:127px;letter-spacing:-0.12px;display:inline;\">29 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t34_193\" style=\"left:750px;bottom:127px;letter-spacing:-0.17px;display:inline;\">29 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t35_193\" style=\"left:829px;bottom:127px;letter-spacing:-0.17px;display:inline;\">29 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_193\" id=\"t36_193\" style=\"left:65px;bottom:109px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Total recognised in the Group income statement </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_193\" id=\"t37_193\" style=\"left:667px;bottom:109px;letter-spacing:-0.24px;display:inline;\">115 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t38_193\" style=\"left:744px;bottom:109px;letter-spacing:-0.2px;display:inline;\">104 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_193\" id=\"t39_193\" style=\"left:829px;bottom:109px;letter-spacing:-0.29px;display:inline;\">87 </div></td></tr></table>\n<div class=\"t s6_193\" id=\"t3a_193\" style=\"left:65px;bottom:31px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\"> </div><div class=\"t m0_193 sd_193\" id=\"t3b_193\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t s6_193\" id=\"t3c_193\" style=\"left:827px;bottom:31px;letter-spacing:0.06px;display:inline;\"></div><div></div><div class=\"t s2_194\" id=\"t3_194\" style=\"left:65px;bottom:1100px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">Variable lease payments </div><div class=\"t s3_194\" id=\"t4_194\" style=\"left:65px;bottom:1084px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The UK portfolio leases contain guarantees that the Group will fund any shortfalls in lease payments up to an annual and cumulative cap. </div><div class=\"t s3_194\" id=\"t5_194\" style=\"left:65px;bottom:1069px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">These caps limit the Group\u2019s exposure to trading losses, meaning that rental payments are reduced if insu\ufb00icient cash </div><div class=\"t s4_194\" id=\"t6_194\" style=\"left:722px;bottom:1069px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">flows are generated </div><div class=\"t s4_194\" id=\"t7_194\" style=\"left:65px;bottom:1054px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">by the hotels. Since there is no floor to the rent reduction applicable under these leases, they are treated as </div><div class=\"t s3_194\" id=\"t8_194\" style=\"left:663px;bottom:1054px;letter-spacing:-0.1px;word-spacing:-0.06px;display:inline;\">fully variable. In the event that </div><div class=\"t s3_194\" id=\"t9_194\" style=\"left:65px;bottom:1039px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">rent reductions are not applicable, annual base rental payments stabilise at \u00a334m over the remaining lease term of 20 years. Additional </div><div class=\"t s3_194\" id=\"ta_194\" style=\"left:65px;bottom:1023px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">performance-based rental payments are calculated using hotel revenues and net cash </div><div class=\"t s4_194\" id=\"tb_194\" style=\"left:548px;bottom:1023px;letter-spacing:-0.03px;display:inline;\">flows. </div><div class=\"t s3_194\" id=\"tc_194\" style=\"left:65px;bottom:1000px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">In addition, one German hotel lease under a similar structure is treated as fully variable. One further German hotel lease under a similar </div><div class=\"t s3_194\" id=\"td_194\" style=\"left:65px;bottom:985px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">structure is expected to commence in 2024. </div><div class=\"t s2_194\" id=\"te_194\" style=\"left:65px;bottom:962px;letter-spacing:0.01px;word-spacing:-0.14px;display:inline;\">Amounts recognised in the Group statement of cash </div><div class=\"t s5_194\" id=\"tf_194\" style=\"left:367px;bottom:962px;letter-spacing:-0.04px;display:inline;\">flows </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_194\" id=\"tg_194\" style=\"left:660px;bottom:948px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_194\" id=\"ti_194\" style=\"left:740px;bottom:948px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_194\" id=\"tk_194\" style=\"left:821px;bottom:948px;letter-spacing:0.14px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_194\" id=\"th_194\" style=\"left:669px;bottom:937px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_194\" id=\"tj_194\" style=\"left:748px;bottom:937px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_194\" id=\"tl_194\" style=\"left:827px;bottom:937px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"tm_194\" style=\"left:65px;bottom:919px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Operating activities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"tn_194\" style=\"left:670px;bottom:919px;letter-spacing:-0.19px;display:inline;\">92 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"to_194\" style=\"left:751px;bottom:919px;letter-spacing:-0.21px;display:inline;\">72 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"tp_194\" style=\"left:829px;bottom:919px;letter-spacing:-0.13px;display:inline;\">55 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"tq_194\" style=\"left:65px;bottom:901px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Investing activities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"tr_194\" style=\"left:677px;bottom:901px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"ts_194\" style=\"left:752px;bottom:901px;letter-spacing:-0.38px;display:inline;\">(6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"tt_194\" style=\"left:836px;bottom:901px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"tu_194\" style=\"left:65px;bottom:882px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Financing activities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"tv_194\" style=\"left:670px;bottom:882px;letter-spacing:-0.19px;display:inline;\">28 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"tw_194\" style=\"left:749px;bottom:882px;letter-spacing:-0.12px;display:inline;\">36 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"tx_194\" style=\"left:829px;bottom:882px;letter-spacing:-0.24px;display:inline;\">32 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"ty_194\" style=\"left:65px;bottom:863px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">Net cash paid </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"tz_194\" style=\"left:664px;bottom:863px;letter-spacing:-0.22px;display:inline;\">120 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t10_194\" style=\"left:745px;bottom:863px;letter-spacing:-0.19px;display:inline;\">102 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t11_194\" style=\"left:829px;bottom:863px;letter-spacing:-0.29px;display:inline;\">87 </div></td></tr></table>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f34166": {
   "value": "15. Investment in associates and joint ventures <table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_194\" id=\"t13_194\" style=\"left:739px;bottom:808px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_194\" id=\"t15_194\" style=\"left:819px;bottom:808px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_194\" id=\"t14_194\" style=\"left:748px;bottom:797px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_194\" id=\"t16_194\" style=\"left:827px;bottom:797px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"t17_194\" style=\"left:65px;bottom:780px;letter-spacing:-0.15px;display:inline;\">Cost </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t18_194\" style=\"left:65px;bottom:761px;letter-spacing:-0.21px;word-spacing:-0.13px;display:inline;\">At 1 January </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"t19_194\" style=\"left:748px;bottom:761px;letter-spacing:-0.17px;display:inline;\">89 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t1a_194\" style=\"left:825px;bottom:761px;letter-spacing:-0.24px;display:inline;\">132 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t1b_194\" style=\"left:65px;bottom:743px;letter-spacing:-0.23px;display:inline;\">Additions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"t1c_194\" style=\"left:755px;bottom:743px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t1d_194\" style=\"left:837px;bottom:743px;display:inline;\">1 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s8_194\" id=\"t1e_194\" style=\"left:65px;bottom:724px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">Share of pro</div><div class=\"t sa_194\" id=\"t1f_194\" style=\"left:125px;bottom:724px;letter-spacing:-0.19px;display:inline;\">fits/(losses) </div><div class=\"t sb_194\" id=\"t1g_194\" style=\"vertical-align: super;left:182px;bottom:730px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"t1h_194\" style=\"left:751px;bottom:724px;letter-spacing:-0.26px;display:inline;\">13 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t1i_194\" style=\"left:828px;bottom:724px;letter-spacing:-0.43px;display:inline;\">(41) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t1j_194\" style=\"left:65px;bottom:706px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">System Fund share of losses </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"t1k_194\" style=\"left:752px;bottom:706px;letter-spacing:-0.42px;display:inline;\">(3) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t1l_194\" style=\"left:834px;bottom:706px;letter-spacing:-0.35px;display:inline;\">(1) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t1m_194\" style=\"left:65px;bottom:687px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Dividends and distributions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"t1n_194\" style=\"left:754px;bottom:687px;letter-spacing:-0.39px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t1o_194\" style=\"left:834px;bottom:687px;letter-spacing:-0.35px;display:inline;\">(1) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t1p_194\" style=\"left:65px;bottom:668px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"t1q_194\" style=\"left:756px;bottom:668px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t1r_194\" style=\"left:834px;bottom:668px;letter-spacing:-0.35px;display:inline;\">(1) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"t1s_194\" style=\"left:65px;bottom:650px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"t1t_194\" style=\"left:745px;bottom:650px;letter-spacing:-0.19px;display:inline;\">101 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t1u_194\" style=\"left:828px;bottom:650px;letter-spacing:-0.11px;display:inline;\">89 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"t1v_194\" style=\"left:65px;bottom:631px;letter-spacing:-0.21px;display:inline;\">Impairment </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t1w_194\" style=\"left:65px;bottom:613px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">At 1 January </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"t1x_194\" style=\"left:745px;bottom:613px;letter-spacing:-0.3px;display:inline;\">(53) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t1y_194\" style=\"left:825px;bottom:613px;letter-spacing:-0.23px;display:inline;\">(55) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t1z_194\" style=\"left:65px;bottom:594px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Impairment reversal </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"t20_194\" style=\"left:756px;bottom:594px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t21_194\" style=\"left:835px;bottom:594px;display:inline;\">2 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"t22_194\" style=\"left:65px;bottom:576px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"t23_194\" style=\"left:745px;bottom:576px;letter-spacing:-0.3px;display:inline;\">(53) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t24_194\" style=\"left:825px;bottom:576px;letter-spacing:-0.25px;display:inline;\">(53) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"t25_194\" style=\"left:65px;bottom:540px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Net book value </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"t26_194\" style=\"left:748px;bottom:540px;letter-spacing:-0.13px;display:inline;\">48 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t27_194\" style=\"left:828px;bottom:540px;letter-spacing:-0.12px;display:inline;\">36 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t28_194\" style=\"left:65px;bottom:503px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Analysed as: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t29_194\" style=\"left:73px;bottom:484px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Barclay associate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"t2a_194\" style=\"left:755px;bottom:484px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t2b_194\" style=\"left:836px;bottom:484px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t2c_194\" style=\"left:73px;bottom:466px;letter-spacing:-0.19px;word-spacing:-0.17px;display:inline;\">Other associates </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"t2d_194\" style=\"left:748px;bottom:466px;letter-spacing:-0.09px;display:inline;\">43 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t2e_194\" style=\"left:828px;bottom:466px;letter-spacing:-0.12px;display:inline;\">36 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t2f_194\" style=\"left:73px;bottom:447px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Joint ventures </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"t2g_194\" style=\"left:756px;bottom:447px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t2h_194\" style=\"left:836px;bottom:447px;display:inline;\">\u2013 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_194\" id=\"t2i_194\" style=\"left:748px;bottom:429px;letter-spacing:-0.13px;display:inline;\">48 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_194\" id=\"t2j_194\" style=\"left:828px;bottom:429px;letter-spacing:-0.12px;display:inline;\">36 </div></td></tr></table>\n<div class=\"t sc_194\" id=\"t2k_194\" style=\"left:65px;bottom:405px;display:inline;\">a </div><div class=\"t s7_194\" id=\"t2l_194\" style=\"left:74px;bottom:401px;letter-spacing:0.02px;word-spacing:-0.13px;display:inline;\">In 2023 and 2022, the total share of pro</div><div class=\"t sd_194\" id=\"t2m_194\" style=\"left:240px;bottom:401px;letter-spacing:0.05px;display:inline;\">fits/(losses) </div><div class=\"t s7_194\" id=\"t2n_194\" style=\"left:291px;bottom:401px;letter-spacing:0.03px;word-spacing:-0.14px;display:inline;\">from associates and joint ventures in the Group income statement included $18m gain and $18m loss, respectively, due to the </div><div class=\"t s7_194\" id=\"t2o_194\" style=\"left:74px;bottom:390px;letter-spacing:0.03px;word-spacing:-0.14px;display:inline;\">liability recognised in 2022 and its subsequent reversal (see note 6). In 2022, $42m was included within exceptional items in addition to the $18m above. </div><div class=\"t s2_194\" id=\"t2p_194\" style=\"left:65px;bottom:359px;letter-spacing:0.01px;word-spacing:-0.15px;display:inline;\">Barclay associate </div><div class=\"t s4_194\" id=\"t2q_194\" style=\"left:65px;bottom:343px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">The Group held one associate investment which had a significant impact on profit </div><div class=\"t s3_194\" id=\"t2r_194\" style=\"left:523px;bottom:343px;letter-spacing:-0.1px;word-spacing:-0.05px;display:inline;\">for the current and prior year, a 19.9% interest in </div><div class=\"t s3_194\" id=\"t2s_194\" style=\"left:65px;bottom:328px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">111 East 48th Street Holdings, LLC (the \u2018Barclay associate\u2019) which owns InterContinental New York Barclay, a hotel managed by the Group. </div><div class=\"t s4_194\" id=\"t2t_194\" style=\"left:65px;bottom:313px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The investment is classified as an associate and equity accounted. While the Group has the ability to exercise significant influence through </div><div class=\"t s3_194\" id=\"t2u_194\" style=\"left:65px;bottom:297px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">certain decision rights, approval rights relating to the hotel\u2019s operating and capital budgets rest solely with the 80.1% majority member. </div><div class=\"t s3_194\" id=\"t2v_194\" style=\"left:65px;bottom:282px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">The Group\u2019s ability to receive cash dividends is dependent on the hotel generating su\ufb00icient income to satisfy speci</div><div class=\"t s4_194\" id=\"t2w_194\" style=\"left:709px;bottom:282px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">fied owner returns. </div><div class=\"t s3_194\" id=\"t2x_194\" style=\"left:65px;bottom:267px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">$18m was provided in 2021 in relation to settlement of a commercial dispute regarding owner returns during the pandemic. </div><div class=\"t s2_194\" id=\"t2y_194\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t se_194\" id=\"t2z_194\" style=\"left:65px;bottom:31px;letter-spacing:0.04px;display:inline;\"></div><div></div><div class=\"t s2_195\" id=\"t3_195\" style=\"left:65px;bottom:1100px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">Summarised financial in</div><div class=\"t s3_195\" id=\"t4_195\" style=\"left:199px;bottom:1100px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">formation in respect of the Barclay associate is set out below: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_195\" id=\"t5_195\" style=\"left:739px;bottom:1078px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_195\" id=\"t7_195\" style=\"left:819px;bottom:1078px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_195\" id=\"t6_195\" style=\"left:748px;bottom:1067px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_195\" id=\"t8_195\" style=\"left:827px;bottom:1067px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t9_195\" style=\"left:65px;bottom:1049px;letter-spacing:-0.19px;word-spacing:-0.17px;display:inline;\">Non-current assets </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"ta_195\" style=\"left:742px;bottom:1049px;letter-spacing:-0.2px;display:inline;\">462 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"tb_195\" style=\"left:823px;bottom:1049px;letter-spacing:-0.31px;display:inline;\">472 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"tc_195\" style=\"left:65px;bottom:1031px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Current assets </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"td_195\" style=\"left:748px;bottom:1031px;letter-spacing:-0.19px;display:inline;\">86 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"te_195\" style=\"left:828px;bottom:1031px;letter-spacing:-0.08px;display:inline;\">64 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"tf_195\" style=\"left:65px;bottom:1012px;letter-spacing:-0.22px;word-spacing:-0.12px;display:inline;\">Current liabilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"tg_195\" style=\"left:745px;bottom:1012px;letter-spacing:-0.28px;display:inline;\">(23) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"th_195\" style=\"left:825px;bottom:1012px;letter-spacing:-0.29px;display:inline;\">(33) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"ti_195\" style=\"left:65px;bottom:994px;letter-spacing:-0.2px;word-spacing:-0.15px;display:inline;\">Non-current liabilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"tj_195\" style=\"left:739px;bottom:994px;letter-spacing:-0.24px;display:inline;\">(256) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"tk_195\" style=\"left:818px;bottom:994px;letter-spacing:-0.24px;display:inline;\">(250) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"tl_195\" style=\"left:65px;bottom:975px;letter-spacing:-0.17px;word-spacing:-0.19px;display:inline;\">Net assets </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"tm_195\" style=\"left:742px;bottom:975px;letter-spacing:-0.18px;display:inline;\">269 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"tn_195\" style=\"left:823px;bottom:975px;letter-spacing:-0.16px;display:inline;\">253 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_195\" id=\"to_195\" style=\"left:65px;bottom:957px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Group\u2019s share of reported net assets at 19.9% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"tp_195\" style=\"left:749px;bottom:957px;letter-spacing:-0.16px;display:inline;\">53 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"tq_195\" style=\"left:828px;bottom:957px;letter-spacing:-0.24px;display:inline;\">50 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"tr_195\" style=\"left:65px;bottom:938px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Adjustments to reflect impairment, capitalised costs and additional rights and obligations under the shareholder agreement </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"ts_195\" style=\"left:752px;bottom:938px;letter-spacing:-0.41px;display:inline;\">(8) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"tt_195\" style=\"left:832px;bottom:938px;letter-spacing:-0.37px;display:inline;\">(8) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_195\" id=\"tu_195\" style=\"left:65px;bottom:920px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">E\ufb00ect of specially allocated expenses (note 6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"tv_195\" style=\"left:746px;bottom:920px;letter-spacing:-0.41px;display:inline;\">(42) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"tw_195\" style=\"left:826px;bottom:920px;letter-spacing:-0.39px;display:inline;\">(42) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"tx_195\" style=\"left:65px;bottom:901px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">Carrying amount </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"ty_195\" style=\"left:755px;bottom:901px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"tz_195\" style=\"left:836px;bottom:901px;display:inline;\">\u2013 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_195\" id=\"t10_195\" style=\"left:739px;bottom:867px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_195\" id=\"t12_195\" style=\"left:819px;bottom:867px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_195\" id=\"t11_195\" style=\"left:748px;bottom:856px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_195\" id=\"t13_195\" style=\"left:827px;bottom:856px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t14_195\" style=\"left:65px;bottom:838px;letter-spacing:-0.28px;display:inline;\">Revenue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"t15_195\" style=\"left:746px;bottom:838px;letter-spacing:-0.24px;display:inline;\">131 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t16_195\" style=\"left:823px;bottom:838px;letter-spacing:-0.13px;display:inline;\">106 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t17_195\" style=\"left:65px;bottom:820px;letter-spacing:-0.18px;display:inline;\">Profit </div><div class=\"t s8_195\" id=\"t18_195\" style=\"left:94px;bottom:820px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">from continuing operations and total comprehensive income for the year </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"t19_195\" style=\"left:751px;bottom:820px;letter-spacing:-0.18px;display:inline;\">15 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t1a_195\" style=\"left:835px;bottom:820px;display:inline;\">8 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s7_195\" id=\"t1b_195\" style=\"left:65px;bottom:801px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Group\u2019s share of pro</div><div class=\"t s9_195\" id=\"t1c_195\" style=\"left:168px;bottom:801px;letter-spacing:-0.2px;display:inline;\">fit/(loss) </div><div class=\"t s7_195\" id=\"t1d_195\" style=\"left:212px;bottom:801px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">for the year </div><div class=\"t sa_195\" id=\"t1e_195\" style=\"vertical-align: super;left:270px;bottom:807px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"t1f_195\" style=\"left:755px;bottom:801px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t1g_195\" style=\"left:826px;bottom:801px;letter-spacing:-0.39px;display:inline;\">(42) </div></td></tr></table>\n<div class=\"t sb_195\" id=\"t1h_195\" style=\"left:65px;bottom:778px;display:inline;\">a </div><div class=\"t sc_195\" id=\"t1i_195\" style=\"left:74px;bottom:774px;letter-spacing:0.05px;word-spacing:-0.15px;display:inline;\">Includes specially allocated expenses and the cost of funding owner returns. </div><div class=\"t sd_195\" id=\"t1j_195\" style=\"left:65px;bottom:742px;word-spacing:-0.14px;display:inline;\">Other associates and joint ventures </div><div class=\"t s3_195\" id=\"t1k_195\" style=\"left:65px;bottom:726px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">In 2022, impairment reversal of $2m related to an associate in the Americas region and arose due to strong trading conditions in 2022 and </div><div class=\"t s2_195\" id=\"t1l_195\" style=\"left:65px;bottom:711px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">significantly improved industry </div><div class=\"t s3_195\" id=\"t1m_195\" style=\"left:240px;bottom:711px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">forecasts. The recoverable amount was measured at fair value less costs of disposal, using a discounted </div><div class=\"t s2_195\" id=\"t1n_195\" style=\"left:65px;bottom:696px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">cash flow approach that measures the present value o</div><div class=\"t s3_195\" id=\"t1o_195\" style=\"left:366px;bottom:696px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">f projected income </div><div class=\"t s2_195\" id=\"t1p_195\" style=\"left:475px;bottom:696px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">flows (over a 10-year period) and the property sale. The key </div><div class=\"t s3_195\" id=\"t1q_195\" style=\"left:65px;bottom:681px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">assumptions were RevPAR growth (which was in line with the Group forecast detailed in the 2022 Annual Report), discount rate of 9.75% </div>and terminal capitalisation rate of 7.25%.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f34477": {
   "value": "16. Other financial assets <table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_195\" id=\"t1t_195\" style=\"left:739px;bottom:620px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_195\" id=\"t1v_195\" style=\"left:819px;bottom:620px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_195\" id=\"t1u_195\" style=\"left:748px;bottom:610px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_195\" id=\"t1w_195\" style=\"left:827px;bottom:610px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t1x_195\" style=\"left:65px;bottom:592px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Equity securities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"t1y_195\" style=\"left:743px;bottom:592px;letter-spacing:-0.2px;display:inline;\">102 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t1z_195\" style=\"left:823px;bottom:592px;letter-spacing:-0.18px;display:inline;\">103 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_195\" id=\"t20_195\" style=\"left:65px;bottom:573px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Restricted funds: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_195\" id=\"t21_195\" style=\"left:73px;bottom:555px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Ring-fenced amounts to satisfy insurance claims: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t22_195\" style=\"left:82px;bottom:536px;letter-spacing:-0.17px;display:inline;\">Cash </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"t23_195\" style=\"left:756px;bottom:536px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t24_195\" style=\"left:835px;bottom:536px;display:inline;\">2 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_195\" id=\"t25_195\" style=\"left:82px;bottom:518px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">Money market funds </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"t26_195\" style=\"left:750px;bottom:518px;letter-spacing:-0.36px;display:inline;\">14 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t27_195\" style=\"left:835px;bottom:518px;display:inline;\">3 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t28_195\" style=\"left:73px;bottom:499px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">Bank accounts pledged as security </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"t29_195\" style=\"left:749px;bottom:499px;letter-spacing:-0.27px;display:inline;\">32 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t2a_195\" style=\"left:828px;bottom:499px;letter-spacing:-0.13px;display:inline;\">39 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t2b_195\" style=\"left:73px;bottom:481px;letter-spacing:-0.19px;display:inline;\">Other </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"t2c_195\" style=\"left:756px;bottom:481px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t2d_195\" style=\"left:837px;bottom:481px;display:inline;\">1 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"t2e_195\" style=\"left:748px;bottom:462px;letter-spacing:-0.26px;display:inline;\">50 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t2f_195\" style=\"left:828px;bottom:462px;letter-spacing:0.01px;display:inline;\">45 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t2g_195\" style=\"left:65px;bottom:444px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Trade deposits and loans </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"t2h_195\" style=\"left:747px;bottom:444px;letter-spacing:-0.19px;display:inline;\">40 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t2i_195\" style=\"left:835px;bottom:444px;display:inline;\">8 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"t2j_195\" style=\"left:744px;bottom:425px;letter-spacing:-0.18px;display:inline;\">192 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t2k_195\" style=\"left:824px;bottom:425px;letter-spacing:-0.18px;display:inline;\">156 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t2l_195\" style=\"left:65px;bottom:389px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Analysed as: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t2m_195\" style=\"left:73px;bottom:371px;letter-spacing:-0.25px;display:inline;\">Current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"t2n_195\" style=\"left:756px;bottom:371px;display:inline;\">7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t2o_195\" style=\"left:836px;bottom:371px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t2p_195\" style=\"left:73px;bottom:352px;letter-spacing:-0.19px;display:inline;\">Non-current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"t2q_195\" style=\"left:744px;bottom:352px;letter-spacing:-0.16px;display:inline;\">185 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t2r_195\" style=\"left:824px;bottom:352px;letter-spacing:-0.18px;display:inline;\">156 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"t2s_195\" style=\"left:744px;bottom:332px;letter-spacing:-0.18px;display:inline;\">192 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t2t_195\" style=\"left:824px;bottom:332px;letter-spacing:-0.18px;display:inline;\">156 </div></td></tr></table>\n<div class=\"t sd_195\" id=\"t2u_195\" style=\"left:65px;bottom:299px;word-spacing:-0.14px;display:inline;\">Equity securities </div><div class=\"t s3_195\" id=\"t2v_195\" style=\"left:65px;bottom:284px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">The methodology to calculate fair value and the sensitivities to the relevant signi</div><div class=\"t s2_195\" id=\"t2w_195\" style=\"left:510px;bottom:284px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">ficant unobservable inputs are detailed in note 25. </div><div class=\"t s2_195\" id=\"t2x_195\" style=\"left:65px;bottom:268px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The most significant investments are as </div><div class=\"t s3_195\" id=\"t2y_195\" style=\"left:287px;bottom:268px;letter-spacing:-0.1px;display:inline;\">follows: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_195\" id=\"t2z_195\" style=\"left:659px;bottom:253px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_195\" id=\"t30_195\" style=\"left:818px;bottom:253px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_195\" id=\"t33_195\" style=\"left:642px;bottom:237px;letter-spacing:0.11px;display:inline;\">Dividend </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_195\" id=\"t38_195\" style=\"left:802px;bottom:237px;letter-spacing:0.1px;display:inline;\">Dividend </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_195\" id=\"t31_195\" style=\"left:561px;bottom:226px;word-spacing:-0.12px;display:inline;\">Fair value </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_195\" id=\"t34_195\" style=\"left:649px;bottom:226px;letter-spacing:0.13px;display:inline;\">income </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_195\" id=\"t36_195\" style=\"left:721px;bottom:226px;letter-spacing:-0.02px;word-spacing:-0.1px;display:inline;\">Fair value </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_195\" id=\"t39_195\" style=\"left:808px;bottom:226px;letter-spacing:0.11px;display:inline;\">income </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_195\" id=\"t32_195\" style=\"left:588px;bottom:215px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_195\" id=\"t35_195\" style=\"left:668px;bottom:215px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_195\" id=\"t37_195\" style=\"left:747px;bottom:215px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_195\" id=\"t3a_195\" style=\"left:826px;bottom:215px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t3b_195\" style=\"left:65px;bottom:198px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Investment in entity which owns: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t3c_195\" style=\"left:73px;bottom:179px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">InterContinental The Willard Washington DC </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"t3d_195\" style=\"left:590px;bottom:179px;letter-spacing:-0.17px;display:inline;\">27 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"t3e_195\" style=\"left:677px;bottom:179px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t3f_195\" style=\"left:750px;bottom:179px;letter-spacing:-0.16px;display:inline;\">27 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t3g_195\" style=\"left:835px;bottom:179px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_195\" id=\"t3h_195\" style=\"left:73px;bottom:161px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">InterContinental Grand Stanford Hong Kong </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"t3i_195\" style=\"left:590px;bottom:161px;letter-spacing:-0.26px;display:inline;\">37 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_195\" id=\"t3j_195\" style=\"left:676px;bottom:161px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t3k_195\" style=\"left:748px;bottom:161px;letter-spacing:-0.09px;display:inline;\">35 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_195\" id=\"t3l_195\" style=\"left:835px;bottom:161px;display:inline;\">\u2013 </div></td></tr></table>\n<div class=\"t sf_195\" id=\"t3m_195\" style=\"left:65px;bottom:31px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\"></div><div class=\"t m0_195 sg_195\" id=\"t3n_195\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t sf_195\" id=\"t3o_195\" style=\"left:825px;bottom:31px;letter-spacing:0.04px;display:inline;\"></div><div></div><div class=\"t s2_196\" id=\"t3_196\" style=\"left:65px;bottom:1100px;word-spacing:-0.14px;display:inline;\">Restricted funds </div><div class=\"t s3_196\" id=\"t4_196\" style=\"left:65px;bottom:1084px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">Amounts ring-fenced to satisfy insurance claims are principally held in the Group\u2019s Captive, which is a regulated entity. </div><div class=\"t s3_196\" id=\"t5_196\" style=\"left:65px;bottom:1061px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The bank accounts pledged as security are subject to a charge in favour of the members of the UK unfunded pension arrangement (see </div><div class=\"t s3_196\" id=\"t6_196\" style=\"left:65px;bottom:1046px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">note 27). The amounts pledged as security were reduced in the year with the trustees\u2019 agreement, based on updated actuarial valuations. </div><div class=\"t s3_196\" id=\"t7_196\" style=\"left:65px;bottom:1031px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">The bank accounts will continue to be pledged as security until the date at which the UK unfunded pension liabilities have been fully </div><div class=\"t s3_196\" id=\"t8_196\" style=\"left:65px;bottom:1016px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">discharged, unless otherwise agreed with the trustees and amounts pledged may change in future years. </div><div class=\"t s4_196\" id=\"t9_196\" style=\"left:65px;bottom:993px;letter-spacing:0.04px;word-spacing:-0.18px;display:inline;\">Expected credit losses </div><div class=\"t s5_196\" id=\"ta_196\" style=\"left:65px;bottom:977px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Other financial assets with a net value o</div><div class=\"t s3_196\" id=\"tb_196\" style=\"left:285px;bottom:977px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">f $68m (2022: $50m) are subject to the expected credit loss model requirements of IFRS 9. </div><div class=\"t s3_196\" id=\"tc_196\" style=\"left:65px;bottom:962px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Equity securities, money market funds and other amounts measured at fair value are excluded. The gross value of trade deposits and loans </div><div class=\"t s3_196\" id=\"td_196\" style=\"left:65px;bottom:947px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">that were subject to the expected credit loss requirements is $40m with credit loss allowances of $9m (2022: $20m gross, $12m allowance). </div><div class=\"t s3_196\" id=\"te_196\" style=\"left:65px;bottom:932px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Other expected credit losses are considered to be immaterial. </div><div class=\"t s4_196\" id=\"tf_196\" style=\"left:65px;bottom:909px;letter-spacing:-0.01px;word-spacing:-0.14px;display:inline;\">Credit risk </div><div class=\"t s3_196\" id=\"tg_196\" style=\"left:65px;bottom:893px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Restricted funds are held with bank counterparties which are rated at least A+ based on S&amp;P\u2019s ratings. </div><div class=\"t s3_196\" id=\"th_196\" style=\"left:65px;bottom:871px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">The maximum exposure to credit risk of other </div><div class=\"t s5_196\" id=\"ti_196\" style=\"left:321px;bottom:871px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">financial assets at the end o</div><div class=\"t s3_196\" id=\"tj_196\" style=\"left:475px;bottom:871px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">f the reporting period by geographic region is as follows: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_196\" id=\"tk_196\" style=\"left:752px;bottom:849px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_196\" id=\"tm_196\" style=\"left:819px;bottom:849px;letter-spacing:0.17px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_196\" id=\"tl_196\" style=\"left:761px;bottom:838px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_196\" id=\"tn_196\" style=\"left:827px;bottom:838px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"to_196\" style=\"left:65px;bottom:820px;letter-spacing:-0.2px;display:inline;\">Americas </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"tp_196\" style=\"left:761px;bottom:820px;letter-spacing:-0.15px;display:inline;\">99 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"tq_196\" style=\"left:828px;bottom:820px;letter-spacing:-0.11px;display:inline;\">54 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"tr_196\" style=\"left:65px;bottom:802px;letter-spacing:-0.1px;display:inline;\">EMEAA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"ts_196\" style=\"left:761px;bottom:802px;letter-spacing:-0.23px;display:inline;\">56 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"tt_196\" style=\"left:829px;bottom:802px;letter-spacing:-0.21px;display:inline;\">62 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"tu_196\" style=\"left:65px;bottom:783px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Greater China </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"tv_196\" style=\"left:762px;bottom:783px;letter-spacing:-0.26px;display:inline;\">37 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"tw_196\" style=\"left:827px;bottom:783px;letter-spacing:-0.14px;display:inline;\">40 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"tx_196\" style=\"left:757px;bottom:765px;letter-spacing:-0.18px;display:inline;\">192 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"ty_196\" style=\"left:824px;bottom:765px;letter-spacing:-0.18px;display:inline;\">156 </div></td></tr></table>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f34737": {
   "value": "17. Trade and other receivables <table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_196\" id=\"t10_196\" style=\"left:752px;bottom:709px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_196\" id=\"t12_196\" style=\"left:819px;bottom:709px;letter-spacing:0.17px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_196\" id=\"t11_196\" style=\"left:761px;bottom:698px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_196\" id=\"t13_196\" style=\"left:827px;bottom:698px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t14_196\" style=\"left:65px;bottom:681px;letter-spacing:-0.22px;display:inline;\">Current </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t15_196\" style=\"left:65px;bottom:662px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Trade receivables </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t16_196\" style=\"left:754px;bottom:662px;letter-spacing:-0.22px;display:inline;\">580 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t17_196\" style=\"left:821px;bottom:662px;letter-spacing:-0.13px;display:inline;\">493 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t18_196\" style=\"left:65px;bottom:644px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">Other receivables </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t19_196\" style=\"left:761px;bottom:644px;letter-spacing:-0.17px;display:inline;\">68 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t1a_196\" style=\"left:828px;bottom:644px;letter-spacing:-0.08px;display:inline;\">49 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t1b_196\" style=\"left:65px;bottom:625px;letter-spacing:-0.25px;display:inline;\">Prepayments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t1c_196\" style=\"left:762px;bottom:625px;letter-spacing:-0.19px;display:inline;\">92 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t1d_196\" style=\"left:823px;bottom:625px;letter-spacing:-0.2px;display:inline;\">104 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t1e_196\" style=\"left:755px;bottom:605px;letter-spacing:-0.49px;display:inline;\">740 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t1f_196\" style=\"left:821px;bottom:605px;letter-spacing:-0.1px;display:inline;\">646 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t1g_196\" style=\"left:65px;bottom:575px;letter-spacing:-0.18px;display:inline;\">Non-current </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t1h_196\" style=\"left:65px;bottom:556px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">Finance lease receivables </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t1i_196\" style=\"left:768px;bottom:556px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t1j_196\" style=\"left:835px;bottom:556px;display:inline;\">2 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t1k_196\" style=\"left:65px;bottom:538px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">Other receivables </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t1l_196\" style=\"left:768px;bottom:538px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t1m_196\" style=\"left:837px;bottom:538px;display:inline;\">1 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t1n_196\" style=\"left:65px;bottom:519px;letter-spacing:-0.25px;display:inline;\">Prepayments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t1o_196\" style=\"left:768px;bottom:519px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t1p_196\" style=\"left:836px;bottom:519px;display:inline;\">\u2013 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t1q_196\" style=\"left:764px;bottom:501px;letter-spacing:-0.26px;display:inline;\">13 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t1r_196\" style=\"left:835px;bottom:501px;display:inline;\">3 </div></td></tr></table>\n<div class=\"t s4_196\" id=\"t1s_196\" style=\"left:65px;bottom:460px;letter-spacing:0.04px;word-spacing:-0.18px;display:inline;\">Expected credit losses </div><div class=\"t s3_196\" id=\"t1t_196\" style=\"left:65px;bottom:444px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The ageing of trade receivables shown below re</div><div class=\"t s5_196\" id=\"t1u_196\" style=\"left:331px;bottom:444px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">flects the initial terms under the invoice rather than the revised terms where payment </div><div class=\"t s5_196\" id=\"t1v_196\" style=\"left:65px;bottom:429px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">flexibility has been provided to owners. The net balances presented in the table below could result in additional credit losses i</div><div class=\"t s3_196\" id=\"t1w_196\" style=\"left:763px;bottom:429px;letter-spacing:-0.13px;word-spacing:-0.02px;display:inline;\">f they are </div><div class=\"t s3_196\" id=\"t1x_196\" style=\"left:65px;bottom:414px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">ultimately found to be uncollectable. Expected credit losses relating to other receivables following their initial recognition are immaterial. </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_196\" id=\"t1y_196\" style=\"left:620px;bottom:391px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_196\" id=\"t1z_196\" style=\"left:819px;bottom:391px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_196\" id=\"t22_196\" style=\"left:530px;bottom:374px;letter-spacing:0.08px;word-spacing:-0.2px;display:inline;\">Credit loss </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_196\" id=\"t29_196\" style=\"left:729px;bottom:374px;letter-spacing:0.06px;word-spacing:-0.17px;display:inline;\">Credit loss </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_196\" id=\"t20_196\" style=\"left:485px;bottom:364px;letter-spacing:0.15px;display:inline;\">Gross </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_196\" id=\"t23_196\" style=\"left:532px;bottom:364px;letter-spacing:0.08px;display:inline;\">allowance </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_196\" id=\"t25_196\" style=\"left:627px;bottom:364px;letter-spacing:0.12px;display:inline;\">Net </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_196\" id=\"t27_196\" style=\"left:684px;bottom:364px;letter-spacing:0.11px;display:inline;\">Gross </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_196\" id=\"t2a_196\" style=\"left:732px;bottom:364px;letter-spacing:0.06px;display:inline;\">allowance </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_196\" id=\"t2c_196\" style=\"left:826px;bottom:364px;letter-spacing:0.13px;display:inline;\">Net </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_196\" id=\"t21_196\" style=\"left:496px;bottom:353px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_196\" id=\"t24_196\" style=\"left:562px;bottom:353px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_196\" id=\"t26_196\" style=\"left:629px;bottom:353px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_196\" id=\"t28_196\" style=\"left:695px;bottom:353px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_196\" id=\"t2b_196\" style=\"left:761px;bottom:353px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_196\" id=\"t2d_196\" style=\"left:827px;bottom:353px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t2e_196\" style=\"left:65px;bottom:335px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Not past due </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t2f_196\" style=\"left:490px;bottom:335px;letter-spacing:-0.14px;display:inline;\">354 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t2g_196\" style=\"left:569px;bottom:335px;letter-spacing:-0.39px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t2h_196\" style=\"left:623px;bottom:335px;letter-spacing:-0.15px;display:inline;\">353 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t2i_196\" style=\"left:690px;bottom:335px;letter-spacing:-0.28px;display:inline;\">307 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t2j_196\" style=\"left:768px;bottom:335px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t2k_196\" style=\"left:821px;bottom:335px;letter-spacing:-0.11px;display:inline;\">306 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t2l_196\" style=\"left:65px;bottom:317px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">Past due 1 to 30 days </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t2m_196\" style=\"left:497px;bottom:317px;letter-spacing:-0.16px;display:inline;\">88 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t2n_196\" style=\"left:567px;bottom:317px;letter-spacing:-0.37px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t2o_196\" style=\"left:629px;bottom:317px;letter-spacing:-0.15px;display:inline;\">83 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t2p_196\" style=\"left:697px;bottom:317px;letter-spacing:-0.41px;display:inline;\">76 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t2q_196\" style=\"left:766px;bottom:317px;letter-spacing:0.03px;display:inline;\">(7) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t2r_196\" style=\"left:828px;bottom:317px;letter-spacing:-0.1px;display:inline;\">69 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t2s_196\" style=\"left:65px;bottom:298px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Past due 31 to 90 days </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t2t_196\" style=\"left:497px;bottom:298px;letter-spacing:-0.17px;display:inline;\">69 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t2u_196\" style=\"left:567px;bottom:298px;letter-spacing:-0.4px;display:inline;\">(6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t2v_196\" style=\"left:629px;bottom:298px;letter-spacing:-0.15px;display:inline;\">63 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t2w_196\" style=\"left:697px;bottom:298px;letter-spacing:-0.24px;display:inline;\">57 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t2x_196\" style=\"left:765px;bottom:298px;letter-spacing:-0.38px;display:inline;\">(6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t2y_196\" style=\"left:831px;bottom:298px;letter-spacing:-0.36px;display:inline;\">51 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t2z_196\" style=\"left:65px;bottom:280px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Past due 91 to 180 days </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t30_196\" style=\"left:500px;bottom:280px;letter-spacing:-0.35px;display:inline;\">51 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t31_196\" style=\"left:567px;bottom:280px;letter-spacing:-0.41px;display:inline;\">(8) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t32_196\" style=\"left:629px;bottom:280px;letter-spacing:-0.09px;display:inline;\">43 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t33_196\" style=\"left:696px;bottom:280px;letter-spacing:-0.1px;display:inline;\">46 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t34_196\" style=\"left:765px;bottom:280px;letter-spacing:-0.36px;display:inline;\">(9) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t35_196\" style=\"left:829px;bottom:280px;letter-spacing:-0.29px;display:inline;\">37 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t36_196\" style=\"left:65px;bottom:261px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Past due 181 to 360 days </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t37_196\" style=\"left:497px;bottom:261px;letter-spacing:-0.16px;display:inline;\">38 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t38_196\" style=\"left:564px;bottom:261px;letter-spacing:-0.36px;display:inline;\">(11) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t39_196\" style=\"left:630px;bottom:261px;letter-spacing:-0.17px;display:inline;\">27 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t3a_196\" style=\"left:696px;bottom:261px;letter-spacing:-0.1px;display:inline;\">34 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t3b_196\" style=\"left:764px;bottom:261px;letter-spacing:-0.33px;display:inline;\">(11) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t3c_196\" style=\"left:829px;bottom:261px;letter-spacing:-0.24px;display:inline;\">23 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t3d_196\" style=\"left:65px;bottom:243px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">Past due more than 361 days </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t3e_196\" style=\"left:497px;bottom:243px;letter-spacing:-0.19px;display:inline;\">86 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t3f_196\" style=\"left:561px;bottom:243px;letter-spacing:-0.23px;display:inline;\">(75) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t3g_196\" style=\"left:634px;bottom:243px;letter-spacing:-0.3px;display:inline;\">11 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t3h_196\" style=\"left:695px;bottom:243px;letter-spacing:-0.07px;display:inline;\">90 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t3i_196\" style=\"left:759px;bottom:243px;letter-spacing:-0.28px;display:inline;\">(83) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t3j_196\" style=\"left:836px;bottom:243px;display:inline;\">7 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t3k_196\" style=\"left:490px;bottom:224px;letter-spacing:-0.18px;display:inline;\">686 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t3l_196\" style=\"left:554px;bottom:224px;letter-spacing:-0.28px;display:inline;\">(106) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_196\" id=\"t3m_196\" style=\"left:622px;bottom:224px;letter-spacing:-0.22px;display:inline;\">580 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t3n_196\" style=\"left:691px;bottom:224px;letter-spacing:-0.17px;display:inline;\">610 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t3o_196\" style=\"left:758px;bottom:224px;letter-spacing:-0.21px;display:inline;\">(117) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_196\" id=\"t3p_196\" style=\"left:821px;bottom:224px;letter-spacing:-0.13px;display:inline;\">493 </div></td></tr></table>\n<div class=\"t s4_196\" id=\"t3q_196\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t sa_196\" id=\"t3r_196\" style=\"left:65px;bottom:31px;letter-spacing:0.02px;display:inline;\"></div><div></div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_197\" id=\"t4_197\" style=\"left:752px;bottom:1101px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_197\" id=\"t6_197\" style=\"left:819px;bottom:1101px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_197\" id=\"t3_197\" style=\"left:65px;bottom:1090px;letter-spacing:0.06px;word-spacing:-0.16px;display:inline;\">Movement in the allowance for expected credit losses </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_197\" id=\"t5_197\" style=\"left:761px;bottom:1090px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_197\" id=\"t7_197\" style=\"left:827px;bottom:1090px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t8_197\" style=\"left:65px;bottom:1072px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">At 1 January </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"t9_197\" style=\"left:756px;bottom:1072px;letter-spacing:-0.26px;display:inline;\">(117) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"ta_197\" style=\"left:821px;bottom:1072px;letter-spacing:-0.25px;display:inline;\">(133) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"tb_197\" style=\"left:65px;bottom:1054px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Reclassification to other receivables </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"tc_197\" style=\"left:769px;bottom:1054px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"td_197\" style=\"left:835px;bottom:1054px;display:inline;\">9 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"te_197\" style=\"left:65px;bottom:1035px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Impairment reversal/(loss) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"tf_197\" style=\"left:770px;bottom:1035px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"tg_197\" style=\"left:832px;bottom:1035px;letter-spacing:-0.29px;display:inline;\">(5) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"th_197\" style=\"left:65px;bottom:1017px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">System Fund impairment loss </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"ti_197\" style=\"left:769px;bottom:1017px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"tj_197\" style=\"left:832px;bottom:1017px;letter-spacing:0.03px;display:inline;\">(7) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"tk_197\" style=\"left:65px;bottom:998px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Amounts written o\ufb00 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"tl_197\" style=\"left:768px;bottom:998px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"tm_197\" style=\"left:832px;bottom:998px;letter-spacing:-0.32px;display:inline;\">17 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"tn_197\" style=\"left:65px;bottom:980px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"to_197\" style=\"left:770px;bottom:980px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"tp_197\" style=\"left:835px;bottom:980px;display:inline;\">2 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"tq_197\" style=\"left:65px;bottom:961px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"tr_197\" style=\"left:752px;bottom:961px;letter-spacing:-0.28px;display:inline;\">(106) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"ts_197\" style=\"left:824px;bottom:961px;letter-spacing:-0.21px;display:inline;\">(117) </div></td></tr></table>\n<div class=\"t s7_197\" id=\"tt_197\" style=\"left:65px;bottom:928px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">If the regional provision matrix was applied to all owner groups (rather than by reference to other sources of data), the provision would </div><div class=\"t s8_197\" id=\"tu_197\" style=\"left:65px;bottom:912px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">reduce by $13m (2022: $15m). </div><div class=\"t s9_197\" id=\"tv_197\" style=\"left:65px;bottom:889px;letter-spacing:-0.01px;word-spacing:-0.14px;display:inline;\">Credit risk </div><div class=\"t s8_197\" id=\"tw_197\" style=\"left:65px;bottom:874px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">The Group trades only with recognised, creditworthy third parties. It is the Group\u2019s policy that all customers who wish to trade on credit </div><div class=\"t s8_197\" id=\"tx_197\" style=\"left:65px;bottom:859px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">terms are subject to credit verification procedures. The maximum exposure to credit risk </div><div class=\"t s7_197\" id=\"ty_197\" style=\"left:560px;bottom:859px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">for trade and other receivables, excluding </div><div class=\"t s7_197\" id=\"tz_197\" style=\"left:65px;bottom:844px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">prepayments, at the end of the reporting period by geographic region is as follows: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_197\" id=\"t10_197\" style=\"left:752px;bottom:822px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_197\" id=\"t12_197\" style=\"left:819px;bottom:822px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_197\" id=\"t11_197\" style=\"left:761px;bottom:811px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_197\" id=\"t13_197\" style=\"left:827px;bottom:811px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t14_197\" style=\"left:65px;bottom:793px;letter-spacing:-0.2px;display:inline;\">Americas </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"t15_197\" style=\"left:755px;bottom:793px;letter-spacing:-0.19px;display:inline;\">359 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t16_197\" style=\"left:825px;bottom:793px;letter-spacing:-0.13px;display:inline;\">321 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t17_197\" style=\"left:65px;bottom:775px;letter-spacing:-0.1px;display:inline;\">EMEAA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"t18_197\" style=\"left:756px;bottom:775px;letter-spacing:-0.16px;display:inline;\">199 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t19_197\" style=\"left:825px;bottom:775px;letter-spacing:-0.28px;display:inline;\">152 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t1a_197\" style=\"left:65px;bottom:756px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Greater China </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"t1b_197\" style=\"left:761px;bottom:756px;letter-spacing:-0.15px;display:inline;\">99 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t1c_197\" style=\"left:830px;bottom:756px;letter-spacing:-0.21px;display:inline;\">72 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"t1d_197\" style=\"left:755px;bottom:738px;letter-spacing:-0.23px;display:inline;\">657 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t1e_197\" style=\"left:822px;bottom:738px;letter-spacing:-0.05px;display:inline;\">545 </div></td></tr></table>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f35115": {
   "value": "18. Cash and cash equivalents <table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_197\" id=\"t1g_197\" style=\"left:752px;bottom:682px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_197\" id=\"t1i_197\" style=\"left:819px;bottom:682px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_197\" id=\"t1h_197\" style=\"left:761px;bottom:671px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_197\" id=\"t1j_197\" style=\"left:827px;bottom:671px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t1k_197\" style=\"left:65px;bottom:654px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Cash at bank and in hand </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"t1l_197\" style=\"left:758px;bottom:654px;letter-spacing:-0.33px;display:inline;\">179 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t1m_197\" style=\"left:824px;bottom:654px;letter-spacing:-0.13px;display:inline;\">165 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t1n_197\" style=\"left:65px;bottom:635px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Short-term deposits </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"t1o_197\" style=\"left:755px;bottom:635px;letter-spacing:-0.21px;display:inline;\">632 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t1p_197\" style=\"left:824px;bottom:635px;letter-spacing:-0.15px;display:inline;\">421 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_197\" id=\"t1q_197\" style=\"left:65px;bottom:617px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">Money market funds </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"t1r_197\" style=\"left:756px;bottom:617px;letter-spacing:-0.24px;display:inline;\">375 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t1s_197\" style=\"left:821px;bottom:617px;letter-spacing:-0.13px;display:inline;\">360 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t1t_197\" style=\"left:65px;bottom:598px;letter-spacing:-0.23px;word-spacing:-0.15px;display:inline;\">Repurchase agreements </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"t1u_197\" style=\"left:757px;bottom:598px;letter-spacing:-0.23px;display:inline;\">136 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t1v_197\" style=\"left:827px;bottom:598px;letter-spacing:-0.16px;display:inline;\">30 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"t1w_197\" style=\"left:65px;bottom:580px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">Cash and cash equivalents as recorded in the Group statement of </div> <div class=\"t sb_197\" id=\"t1x_197\" style=\"left:396px;bottom:580px;letter-spacing:-0.17px;word-spacing:-0.18px;display:inline;\">financial position </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"t1y_197\" style=\"left:748px;bottom:580px;letter-spacing:-0.18px;display:inline;\">1,322 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t1z_197\" style=\"left:823px;bottom:580px;letter-spacing:-0.37px;display:inline;\">976 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_197\" id=\"t20_197\" style=\"left:65px;bottom:561px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Bank overdrafts </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"t21_197\" style=\"left:758px;bottom:561px;letter-spacing:-0.35px;display:inline;\">(44) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t22_197\" style=\"left:825px;bottom:561px;letter-spacing:-0.23px;display:inline;\">(55) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"t23_197\" style=\"left:65px;bottom:543px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">Cash and cash equivalents as recorded in the Group statement of cash </div> <div class=\"t sb_197\" id=\"t24_197\" style=\"left:423px;bottom:543px;letter-spacing:-0.24px;display:inline;\">flows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"t25_197\" style=\"left:748px;bottom:543px;letter-spacing:-0.22px;display:inline;\">1,278 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t26_197\" style=\"left:824px;bottom:543px;letter-spacing:-0.09px;display:inline;\">921 </div></td></tr></table>\n<div class=\"t s7_197\" id=\"t27_197\" style=\"left:65px;bottom:509px;letter-spacing:-0.1px;word-spacing:-0.1px;display:inline;\">Cash at bank and in hand includes bank balances of $51m (2022: $86m) which are matched by bank overdrafts of $44m (2022: $55m) under </div><div class=\"t s7_197\" id=\"t28_197\" style=\"left:65px;bottom:494px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">the Group\u2019s cash pooling arrangements. Under these arrangements, each pool contains a number of bank accounts with the same </div><div class=\"t s8_197\" id=\"t29_197\" style=\"left:793px;bottom:494px;letter-spacing:-0.03px;display:inline;\">financial </div><div class=\"t s7_197\" id=\"t2a_197\" style=\"left:65px;bottom:479px;letter-spacing:-0.11px;word-spacing:-0.09px;display:inline;\">institution and the Group pays interest on net overdraft balances within each pool. The cash pools are used for day-to-day cash management </div><div class=\"t s7_197\" id=\"t2b_197\" style=\"left:65px;bottom:463px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">purposes and are managed as closely as possible to a zero balance on a net basis for each pool. Overseas subsidiaries are typically in a </div><div class=\"t s7_197\" id=\"t2c_197\" style=\"left:65px;bottom:448px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">cash-positive position with the matching overdrafts held by the Group\u2019s central treasury company in the UK. Accordingly, bank overdrafts </div><div class=\"t s7_197\" id=\"t2d_197\" style=\"left:65px;bottom:433px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">are included within cash and cash equivalents for the purposes of the cash </div><div class=\"t s8_197\" id=\"t2e_197\" style=\"left:483px;bottom:433px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">flow statement. </div><div class=\"t s9_197\" id=\"t2f_197\" style=\"left:65px;bottom:410px;word-spacing:-0.14px;display:inline;\">Cash and cash equivalents with restrictions on use </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_197\" id=\"t2g_197\" style=\"left:752px;bottom:396px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_197\" id=\"t2i_197\" style=\"left:819px;bottom:396px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_197\" id=\"t2h_197\" style=\"left:761px;bottom:385px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_197\" id=\"t2j_197\" style=\"left:827px;bottom:385px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t2k_197\" style=\"left:65px;bottom:367px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Countries with restrictions on repatriation </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"t2l_197\" style=\"left:760px;bottom:367px;letter-spacing:-0.22px;display:inline;\">30 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t2m_197\" style=\"left:829px;bottom:367px;letter-spacing:-0.38px;display:inline;\">24 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t2n_197\" style=\"left:65px;bottom:349px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Capital expenditure under lease agreements </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"t2o_197\" style=\"left:763px;bottom:349px;letter-spacing:-0.36px;display:inline;\">14 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t2p_197\" style=\"left:833px;bottom:349px;letter-spacing:-0.3px;display:inline;\">11 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t2q_197\" style=\"left:65px;bottom:330px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Other restrictions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"t2r_197\" style=\"left:764px;bottom:330px;letter-spacing:-0.25px;display:inline;\">12 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t2s_197\" style=\"left:831px;bottom:330px;letter-spacing:-0.26px;display:inline;\">12 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"t2t_197\" style=\"left:761px;bottom:311px;letter-spacing:-0.23px;display:inline;\">56 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t2u_197\" style=\"left:829px;bottom:311px;letter-spacing:-0.42px;display:inline;\">47 </div></td></tr></table>\nDetails of the credit risk on cash and cash equivalents is included in note 24.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f35190": {
   "value": "Cash and cash equivalents with restrictions on use <table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_197\" id=\"t2g_197\" style=\"left:752px;bottom:396px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_197\" id=\"t2i_197\" style=\"left:819px;bottom:396px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_197\" id=\"t2h_197\" style=\"left:761px;bottom:385px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_197\" id=\"t2j_197\" style=\"left:827px;bottom:385px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t2k_197\" style=\"left:65px;bottom:367px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Countries with restrictions on repatriation </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"t2l_197\" style=\"left:760px;bottom:367px;letter-spacing:-0.22px;display:inline;\">30 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t2m_197\" style=\"left:829px;bottom:367px;letter-spacing:-0.38px;display:inline;\">24 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t2n_197\" style=\"left:65px;bottom:349px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Capital expenditure under lease agreements </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"t2o_197\" style=\"left:763px;bottom:349px;letter-spacing:-0.36px;display:inline;\">14 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t2p_197\" style=\"left:833px;bottom:349px;letter-spacing:-0.3px;display:inline;\">11 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t2q_197\" style=\"left:65px;bottom:330px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Other restrictions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"t2r_197\" style=\"left:764px;bottom:330px;letter-spacing:-0.25px;display:inline;\">12 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t2s_197\" style=\"left:831px;bottom:330px;letter-spacing:-0.26px;display:inline;\">12 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_197\" id=\"t2t_197\" style=\"left:761px;bottom:311px;letter-spacing:-0.23px;display:inline;\">56 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_197\" id=\"t2u_197\" style=\"left:829px;bottom:311px;letter-spacing:-0.42px;display:inline;\">47 </div></td></tr></table>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRestrictedCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f35254": {
   "value": "19. Trade and other payables <table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_198\" id=\"t2_198\" style=\"left:752px;bottom:1101px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_198\" id=\"t4_198\" style=\"left:819px;bottom:1101px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_198\" id=\"t3_198\" style=\"left:761px;bottom:1090px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_198\" id=\"t5_198\" style=\"left:827px;bottom:1090px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t6_198\" style=\"left:65px;bottom:1072px;letter-spacing:-0.22px;display:inline;\">Current </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"t7_198\" style=\"left:65px;bottom:1054px;letter-spacing:-0.29px;word-spacing:-0.08px;display:inline;\">Trade payables </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t8_198\" style=\"left:758px;bottom:1054px;letter-spacing:-0.2px;display:inline;\">127 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"t9_198\" style=\"left:825px;bottom:1054px;letter-spacing:-0.28px;display:inline;\">152 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"ta_198\" style=\"left:65px;bottom:1035px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Other tax and social security payables </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"tb_198\" style=\"left:762px;bottom:1035px;letter-spacing:-0.51px;display:inline;\">47 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"tc_198\" style=\"left:829px;bottom:1035px;letter-spacing:-0.29px;display:inline;\">37 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"td_198\" style=\"left:65px;bottom:1017px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Other payables </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"te_198\" style=\"left:757px;bottom:1017px;letter-spacing:-0.19px;display:inline;\">135 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"tf_198\" style=\"left:825px;bottom:1017px;letter-spacing:-0.31px;display:inline;\">173 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"tg_198\" style=\"left:65px;bottom:998px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Deferred purchase consideration </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"th_198\" style=\"left:764px;bottom:998px;letter-spacing:-0.26px;display:inline;\">13 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"ti_198\" style=\"left:836px;bottom:998px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"tj_198\" style=\"left:65px;bottom:980px;letter-spacing:-0.21px;display:inline;\">Accruals </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"tk_198\" style=\"left:754px;bottom:980px;letter-spacing:-0.17px;display:inline;\">389 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"tl_198\" style=\"left:822px;bottom:980px;letter-spacing:-0.1px;display:inline;\">335 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"tm_198\" style=\"left:760px;bottom:961px;letter-spacing:-0.21px;display:inline;\">711 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"tn_198\" style=\"left:822px;bottom:961px;letter-spacing:-0.21px;display:inline;\">697 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"to_198\" style=\"left:65px;bottom:925px;letter-spacing:-0.18px;display:inline;\">Non-current </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"tp_198\" style=\"left:65px;bottom:906px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Other payables </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"tq_198\" style=\"left:768px;bottom:906px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"tr_198\" style=\"left:835px;bottom:906px;display:inline;\">4 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"ts_198\" style=\"left:65px;bottom:888px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Deferred purchase consideration </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"tt_198\" style=\"left:769px;bottom:888px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"tu_198\" style=\"left:831px;bottom:888px;letter-spacing:-0.26px;display:inline;\">12 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"tv_198\" style=\"left:65px;bottom:869px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Contingent purchase consideration (note 25) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"tw_198\" style=\"left:761px;bottom:869px;letter-spacing:-0.17px;display:inline;\">69 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"tx_198\" style=\"left:828px;bottom:869px;letter-spacing:-0.07px;display:inline;\">65 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"ty_198\" style=\"left:762px;bottom:851px;letter-spacing:-0.21px;display:inline;\">75 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"tz_198\" style=\"left:830px;bottom:851px;letter-spacing:-0.15px;display:inline;\">81 </div></td></tr></table>\n<div class=\"t s5_198\" id=\"t10_198\" style=\"left:65px;bottom:817px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">In 2022, current other payables included $29m and current accruals included $2m relating to the outstanding portion of the share </div><div class=\"t s5_198\" id=\"t11_198\" style=\"left:65px;bottom:802px;letter-spacing:-0.18px;word-spacing:-0.08px;display:inline;\">repurchase programme. Of the total, $20m related to the unavoidable contractual cost of shares to be repurchased and $11m to the associated </div><div class=\"t s5_198\" id=\"t12_198\" style=\"left:65px;bottom:787px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">performance fee. Current other payables also included $18m relating to obligations created by the special allocation of expenses from an </div><div class=\"t s5_198\" id=\"t13_198\" style=\"left:65px;bottom:772px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">associate investment (see note 6). </div><div class=\"t s6_198\" id=\"t14_198\" style=\"left:65px;bottom:749px;letter-spacing:0.02px;word-spacing:-0.15px;display:inline;\">Third-party bank loan guarantees </div><div class=\"t s7_198\" id=\"t15_198\" style=\"left:65px;bottom:733px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">At 31 December 2023, the Group has issued financial guarantee contracts o</div><div class=\"t s5_198\" id=\"t16_198\" style=\"left:486px;bottom:733px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">f up to $50m (2022: $50m). The carrying amount of these </div><div class=\"t s5_198\" id=\"t17_198\" style=\"left:65px;bottom:718px;letter-spacing:-0.12px;word-spacing:-0.09px;display:inline;\">guarantees was $nil in all periods presented. The largest guarantee has a gross guaranteed amount of $21m (2022: $21m) and the underlying </div><div class=\"t s5_198\" id=\"t18_198\" style=\"left:65px;bottom:703px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">loan matures in 2029. Should the Group fund any amount under the guarantee, there is a cross-indemnity that the Group would seek to </div>pursue for the other parties\u2019 share. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f35359": {
   "value": "20. Provisions <table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_198\" id=\"t1b_198\" style=\"left:588px;bottom:643px;letter-spacing:0.12px;display:inline;\">Commercial </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_198\" id=\"t1f_198\" style=\"left:692px;bottom:643px;letter-spacing:0.11px;display:inline;\">Self </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_198\" id=\"t1c_198\" style=\"left:585px;bottom:632px;letter-spacing:0.05px;word-spacing:-0.16px;display:inline;\">litigation and </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_198\" id=\"t1g_198\" style=\"left:665px;bottom:632px;letter-spacing:0.11px;display:inline;\">insurance </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_198\" id=\"t1j_198\" style=\"left:717px;bottom:632px;letter-spacing:0.09px;display:inline;\">Dilapidations </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_198\" id=\"t1d_198\" style=\"left:605px;bottom:621px;letter-spacing:0.11px;display:inline;\">disputes </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_198\" id=\"t1h_198\" style=\"left:671px;bottom:621px;letter-spacing:0.12px;display:inline;\">reserves </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_198\" id=\"t1k_198\" style=\"left:733px;bottom:621px;letter-spacing:0.07px;word-spacing:-0.18px;display:inline;\">and other </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_198\" id=\"t1m_198\" style=\"left:819px;bottom:621px;letter-spacing:-0.08px;display:inline;\">Total </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_198\" id=\"t1e_198\" style=\"left:629px;bottom:611px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_198\" id=\"t1i_198\" style=\"left:695px;bottom:611px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_198\" id=\"t1l_198\" style=\"left:761px;bottom:611px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_198\" id=\"t1n_198\" style=\"left:827px;bottom:611px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"t1o_198\" style=\"left:65px;bottom:593px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December 2022 </div><div class=\"t s9_198\" id=\"t1p_198\" style=\"left:171px;bottom:599px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"t1q_198\" style=\"left:630px;bottom:593px;letter-spacing:-0.11px;display:inline;\">33 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"t1r_198\" style=\"left:698px;bottom:593px;letter-spacing:-0.23px;display:inline;\">18 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"t1s_198\" style=\"left:765px;bottom:593px;letter-spacing:-0.25px;display:inline;\">13 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"t1t_198\" style=\"left:828px;bottom:593px;letter-spacing:-0.08px;display:inline;\">64 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"t1u_198\" style=\"left:65px;bottom:574px;letter-spacing:-0.24px;display:inline;\">Provided </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t1v_198\" style=\"left:636px;bottom:574px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t1w_198\" style=\"left:703px;bottom:574px;display:inline;\">7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t1x_198\" style=\"left:768px;bottom:574px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t1y_198\" style=\"left:829px;bottom:574px;letter-spacing:-0.22px;display:inline;\">16 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"t1z_198\" style=\"left:65px;bottom:556px;letter-spacing:-0.19px;display:inline;\">Utilised </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t20_198\" style=\"left:626px;bottom:556px;letter-spacing:-0.35px;display:inline;\">(32) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t21_198\" style=\"left:697px;bottom:556px;letter-spacing:-0.36px;display:inline;\">(11) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t22_198\" style=\"left:765px;bottom:556px;letter-spacing:-0.29px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t23_198\" style=\"left:824px;bottom:556px;letter-spacing:-0.34px;display:inline;\">(45) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"t24_198\" style=\"left:65px;bottom:537px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t25_198\" style=\"left:637px;bottom:537px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t26_198\" style=\"left:703px;bottom:537px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t27_198\" style=\"left:770px;bottom:537px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t28_198\" style=\"left:836px;bottom:537px;display:inline;\">1 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t29_198\" style=\"left:65px;bottom:519px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t2a_198\" style=\"left:637px;bottom:519px;display:inline;\">7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t2b_198\" style=\"left:697px;bottom:519px;letter-spacing:-0.36px;display:inline;\">14 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t2c_198\" style=\"left:764px;bottom:519px;letter-spacing:-0.18px;display:inline;\">15 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t2d_198\" style=\"left:827px;bottom:519px;letter-spacing:-0.21px;display:inline;\">36 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"t2e_198\" style=\"left:65px;bottom:482px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Analysed as: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"t2f_198\" style=\"left:73px;bottom:463px;letter-spacing:-0.23px;display:inline;\">Current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t2g_198\" style=\"left:637px;bottom:463px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t2h_198\" style=\"left:702px;bottom:463px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t2i_198\" style=\"left:768px;bottom:463px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t2j_198\" style=\"left:829px;bottom:463px;letter-spacing:-0.23px;display:inline;\">10 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_198\" id=\"t2k_198\" style=\"left:73px;bottom:445px;letter-spacing:-0.19px;display:inline;\">Non-current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t2l_198\" style=\"left:637px;bottom:445px;display:inline;\">7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t2m_198\" style=\"left:702px;bottom:445px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t2n_198\" style=\"left:763px;bottom:445px;letter-spacing:-0.23px;display:inline;\">10 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t2o_198\" style=\"left:828px;bottom:445px;letter-spacing:-0.19px;display:inline;\">26 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t2p_198\" style=\"left:637px;bottom:426px;display:inline;\">7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t2q_198\" style=\"left:697px;bottom:426px;letter-spacing:-0.36px;display:inline;\">14 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t2r_198\" style=\"left:764px;bottom:426px;letter-spacing:-0.18px;display:inline;\">15 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_198\" id=\"t2s_198\" style=\"left:827px;bottom:426px;letter-spacing:-0.21px;display:inline;\">36 </div></td></tr></table>\n<div class=\"t sa_198\" id=\"t2t_198\" style=\"left:65px;bottom:403px;display:inline;\">a </div><div class=\"t s2_198\" id=\"t2u_198\" style=\"left:74px;bottom:399px;letter-spacing:0.05px;word-spacing:-0.15px;display:inline;\">Re-presented for the adoption of IFRS 17 \u2018Insurance Contracts\u2019 (see New accounting standards and other presentational changes). Amounts reclassi</div><div class=\"t sb_198\" id=\"t2v_198\" style=\"left:699px;bottom:399px;letter-spacing:0.03px;word-spacing:-0.15px;display:inline;\">fied as insurance liabilities are </div><div class=\"t s2_198\" id=\"t2w_198\" style=\"left:74px;bottom:388px;letter-spacing:0.02px;word-spacing:-0.13px;display:inline;\">shown in note 21. </div><div class=\"t s6_198\" id=\"t2x_198\" style=\"left:65px;bottom:356px;letter-spacing:0.01px;word-spacing:-0.14px;display:inline;\">Commercial litigation and disputes </div><div class=\"t s5_198\" id=\"t2y_198\" style=\"left:65px;bottom:341px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">The utilisation of the provision principally re</div><div class=\"t s7_198\" id=\"t2z_198\" style=\"left:307px;bottom:341px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">flects the settlement o</div><div class=\"t s5_198\" id=\"t30_198\" style=\"left:432px;bottom:341px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">f commercial litigation and disputes in the Americas and EMEAA regions </div><div class=\"t s5_198\" id=\"t31_198\" style=\"left:65px;bottom:326px;letter-spacing:-0.1px;word-spacing:-0.05px;display:inline;\">which were fully provided for in the prior year. </div><div class=\"t s6_198\" id=\"t32_198\" style=\"left:65px;bottom:303px;letter-spacing:0.03px;word-spacing:-0.17px;display:inline;\">Self insurance reserves </div><div class=\"t s5_198\" id=\"t33_198\" style=\"left:65px;bottom:287px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">Self insurance reserves consist of $12m of incurred but not reported (\u2018IBNR\u2019) reserves and $2m of claims reported but not yet settled. </div><div class=\"t s5_198\" id=\"t34_198\" style=\"left:65px;bottom:272px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">$10m of these amounts relates to employment-related obligations. The utilisation of IBNR reserves is dependent on the timing of claims </div><div class=\"t s7_198\" id=\"t35_198\" style=\"left:65px;bottom:257px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">being reported and ultimately being settled; based on historical experience this is expected to be approximately five years. The maximum </div><div class=\"t s5_198\" id=\"t36_198\" style=\"left:65px;bottom:242px;letter-spacing:-0.08px;word-spacing:-0.08px;display:inline;\">liabilities of the last </div>five policy years is $49m, noting that actual claims did not significantly di\ufb00er to estimates in 2023 or 2022.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f35532": {
   "value": "21. Insurance <table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_199\" id=\"t2_199\" style=\"left:752px;bottom:1101px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_199\" id=\"t4_199\" style=\"left:819px;bottom:1101px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_199\" id=\"t3_199\" style=\"left:761px;bottom:1090px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_199\" id=\"t5_199\" style=\"left:827px;bottom:1090px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t6_199\" style=\"left:65px;bottom:1072px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">At 1 January </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t7_199\" style=\"left:762px;bottom:1072px;letter-spacing:-0.27px;display:inline;\">32 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t8_199\" style=\"left:829px;bottom:1072px;letter-spacing:-0.21px;display:inline;\">25 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t9_199\" style=\"left:65px;bottom:1054px;letter-spacing:-0.21px;word-spacing:-0.16px;display:inline;\">Insurance expenses </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"ta_199\" style=\"left:764px;bottom:1054px;letter-spacing:-0.15px;display:inline;\">21 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"tb_199\" style=\"left:835px;bottom:1054px;display:inline;\">9 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"tc_199\" style=\"left:65px;bottom:1035px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Claims and other amounts paid </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"td_199\" style=\"left:760px;bottom:1035px;letter-spacing:-0.31px;display:inline;\">(15) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"te_199\" style=\"left:832px;bottom:1035px;letter-spacing:-0.26px;display:inline;\">(2) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"tf_199\" style=\"left:65px;bottom:1017px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Impact of discounting and other changes </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"tg_199\" style=\"left:767px;bottom:1017px;letter-spacing:-0.39px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"th_199\" style=\"left:836px;bottom:1017px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"ti_199\" style=\"left:65px;bottom:998px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"tj_199\" style=\"left:762px;bottom:998px;letter-spacing:-0.26px;display:inline;\">37 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"tk_199\" style=\"left:829px;bottom:998px;letter-spacing:-0.24px;display:inline;\">32 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"tl_199\" style=\"left:65px;bottom:960px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Analysed as: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"tm_199\" style=\"left:73px;bottom:941px;letter-spacing:-0.23px;display:inline;\">Current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"tn_199\" style=\"left:764px;bottom:941px;letter-spacing:-0.25px;display:inline;\">12 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"to_199\" style=\"left:835px;bottom:941px;display:inline;\">9 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"tp_199\" style=\"left:73px;bottom:923px;letter-spacing:-0.19px;display:inline;\">Non-current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"tq_199\" style=\"left:762px;bottom:923px;letter-spacing:-0.12px;display:inline;\">25 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"tr_199\" style=\"left:829px;bottom:923px;letter-spacing:-0.24px;display:inline;\">23 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"ts_199\" style=\"left:762px;bottom:904px;letter-spacing:-0.26px;display:inline;\">37 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"tt_199\" style=\"left:829px;bottom:904px;letter-spacing:-0.24px;display:inline;\">32 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s3_199\" id=\"tu_199\" style=\"left:65px;bottom:866px;letter-spacing:-0.19px;word-spacing:-0.16px;display:inline;\">Incurred but not reported claims ('IBNR') </div><div class=\"t s5_199\" id=\"tv_199\" style=\"vertical-align: super;left:264px;bottom:873px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"tw_199\" style=\"left:761px;bottom:866px;letter-spacing:-0.2px;display:inline;\">20 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"tx_199\" style=\"left:829px;bottom:866px;letter-spacing:-0.21px;display:inline;\">25 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"ty_199\" style=\"left:65px;bottom:847px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Reported but not settled claims </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"tz_199\" style=\"left:765px;bottom:847px;letter-spacing:-0.34px;display:inline;\">17 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t10_199\" style=\"left:836px;bottom:847px;display:inline;\">7 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t11_199\" style=\"left:762px;bottom:829px;letter-spacing:-0.26px;display:inline;\">37 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t12_199\" style=\"left:829px;bottom:829px;letter-spacing:-0.24px;display:inline;\">32 </div></td></tr></table>\n<div class=\"t s6_199\" id=\"t13_199\" style=\"left:65px;bottom:805px;display:inline;\">a </div><div class=\"t s2_199\" id=\"t14_199\" style=\"left:74px;bottom:801px;letter-spacing:0.07px;word-spacing:-0.18px;display:inline;\">Includes unallocated loss expenses. </div><div class=\"t s7_199\" id=\"t15_199\" style=\"left:65px;bottom:769px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Of the total reserves, $19m (2022: $21m) relates to international general liability and $14m (2022: $7m) relates to workers\u2019 compensation. </div><div class=\"t s7_199\" id=\"t16_199\" style=\"left:65px;bottom:754px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">The utilisation of IBNR reserves is dependent on the timing of claims being reported and ultimately being settled; based on historical </div><div class=\"t s8_199\" id=\"t17_199\" style=\"left:65px;bottom:739px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">experience this is expected to be approximately five years (2022: five years). The maximum liabilities o</div><div class=\"t s7_199\" id=\"t18_199\" style=\"left:632px;bottom:739px;letter-spacing:-0.08px;word-spacing:-0.09px;display:inline;\">f the last </div><div class=\"t s8_199\" id=\"t19_199\" style=\"left:682px;bottom:739px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">five policy years is $49m </div><div class=\"t s8_199\" id=\"t1a_199\" style=\"left:65px;bottom:724px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">(2022: $42m). Actual claims have not significantly di\ufb00ered to estimates in the last five years. </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_199\" id=\"t1b_199\" style=\"left:752px;bottom:702px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_199\" id=\"t1d_199\" style=\"left:819px;bottom:702px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_199\" id=\"t1c_199\" style=\"left:761px;bottom:691px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_199\" id=\"t1e_199\" style=\"left:827px;bottom:691px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t1f_199\" style=\"left:65px;bottom:673px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Revenue from insurance activities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t1g_199\" style=\"left:764px;bottom:673px;letter-spacing:-0.15px;display:inline;\">21 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t1h_199\" style=\"left:831px;bottom:673px;letter-spacing:-0.17px;display:inline;\">15 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t1i_199\" style=\"left:65px;bottom:655px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Insurance expenses (inclusive of overhead costs) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t1j_199\" style=\"left:758px;bottom:655px;letter-spacing:-0.28px;display:inline;\">(23) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t1k_199\" style=\"left:830px;bottom:655px;letter-spacing:-0.33px;display:inline;\">(11) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t1l_199\" style=\"left:65px;bottom:636px;letter-spacing:-0.18px;word-spacing:-0.18px;display:inline;\">Insurance result </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t1m_199\" style=\"left:765px;bottom:636px;letter-spacing:-0.29px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t1n_199\" style=\"left:835px;bottom:636px;display:inline;\">4 </div></td></tr></table>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInsuranceContractsExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f35671": {
   "value": "22. Loans and other borrowings <table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_199\" id=\"t1r_199\" style=\"left:669px;bottom:581px;letter-spacing:0.11px;display:inline;\">Discount </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_199\" id=\"t1p_199\" style=\"left:605px;bottom:570px;letter-spacing:0.06px;display:inline;\">Maturity </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_199\" id=\"t1s_199\" style=\"left:676px;bottom:570px;letter-spacing:0.07px;word-spacing:-0.19px;display:inline;\">at issue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_199\" id=\"t1u_199\" style=\"left:752px;bottom:570px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_199\" id=\"t1w_199\" style=\"left:819px;bottom:570px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_199\" id=\"t1q_199\" style=\"left:623px;bottom:559px;letter-spacing:0.06px;display:inline;\">date </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_199\" id=\"t1t_199\" style=\"left:702px;bottom:559px;display:inline;\">% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_199\" id=\"t1v_199\" style=\"left:761px;bottom:559px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_199\" id=\"t1x_199\" style=\"left:827px;bottom:559px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t1y_199\" style=\"left:65px;bottom:542px;letter-spacing:-0.2px;display:inline;\">Current </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t1z_199\" style=\"left:65px;bottom:523px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">Bank overdrafts (note 18) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t20_199\" style=\"left:627px;bottom:523px;letter-spacing:-0.46px;display:inline;\">n/a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t21_199\" style=\"left:693px;bottom:523px;letter-spacing:-0.46px;display:inline;\">n/a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t22_199\" style=\"left:761px;bottom:523px;letter-spacing:-0.06px;display:inline;\">44 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t23_199\" style=\"left:829px;bottom:523px;letter-spacing:-0.13px;display:inline;\">55 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t24_199\" style=\"left:65px;bottom:505px;letter-spacing:-0.23px;word-spacing:-0.15px;display:inline;\">\u20ac500m 1.625% bonds 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t25_199\" style=\"left:565px;bottom:505px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">8 October 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t26_199\" style=\"left:680px;bottom:505px;letter-spacing:-0.2px;display:inline;\">0.437 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t27_199\" style=\"left:755px;bottom:505px;letter-spacing:-0.17px;display:inline;\">555 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t28_199\" style=\"left:836px;bottom:505px;display:inline;\">\u2013 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t29_199\" style=\"left:754px;bottom:486px;letter-spacing:-0.19px;display:inline;\">599 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t2a_199\" style=\"left:829px;bottom:486px;letter-spacing:-0.13px;display:inline;\">55 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t2b_199\" style=\"left:65px;bottom:468px;letter-spacing:-0.18px;display:inline;\">Non\u2011current </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t2c_199\" style=\"left:65px;bottom:449px;letter-spacing:-0.23px;word-spacing:-0.15px;display:inline;\">\u20ac500m 1.625% bonds 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t2d_199\" style=\"left:565px;bottom:449px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">8 October 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t2e_199\" style=\"left:680px;bottom:449px;letter-spacing:-0.2px;display:inline;\">0.437 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t2f_199\" style=\"left:769px;bottom:449px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t2g_199\" style=\"left:822px;bottom:449px;letter-spacing:-0.11px;display:inline;\">534 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t2h_199\" style=\"left:65px;bottom:430px;letter-spacing:-0.22px;word-spacing:-0.16px;display:inline;\">\u00a3300m 3.75% bonds 2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t2i_199\" style=\"left:567px;bottom:430px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">14 August 2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t2j_199\" style=\"left:679px;bottom:430px;letter-spacing:-0.19px;display:inline;\">0.986 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t2k_199\" style=\"left:755px;bottom:430px;letter-spacing:-0.21px;display:inline;\">387 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t2l_199\" style=\"left:822px;bottom:430px;letter-spacing:-0.1px;display:inline;\">365 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t2m_199\" style=\"left:65px;bottom:412px;letter-spacing:-0.24px;word-spacing:-0.14px;display:inline;\">\u00a3350m 2.125% bonds 2026 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t2n_199\" style=\"left:565px;bottom:412px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">24 August 2026 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t2o_199\" style=\"left:679px;bottom:412px;letter-spacing:-0.2px;display:inline;\">0.550 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t2p_199\" style=\"left:754px;bottom:412px;letter-spacing:-0.12px;display:inline;\">449 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t2q_199\" style=\"left:822px;bottom:412px;letter-spacing:-0.26px;display:inline;\">423 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t2r_199\" style=\"left:65px;bottom:393px;letter-spacing:-0.24px;word-spacing:-0.15px;display:inline;\">\u20ac500m 2.125% bonds 2027 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t2s_199\" style=\"left:583px;bottom:393px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">15 May 2027 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t2t_199\" style=\"left:680px;bottom:393px;letter-spacing:-0.34px;display:inline;\">0.470 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t2u_199\" style=\"left:755px;bottom:393px;letter-spacing:-0.2px;display:inline;\">559 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t2v_199\" style=\"left:822px;bottom:393px;letter-spacing:-0.12px;display:inline;\">539 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t2w_199\" style=\"left:65px;bottom:375px;letter-spacing:-0.21px;word-spacing:-0.18px;display:inline;\">\u00a3400m 3.375% bonds 2028 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t2x_199\" style=\"left:565px;bottom:375px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">8 October 2028 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t2y_199\" style=\"left:682px;bottom:375px;letter-spacing:-0.2px;display:inline;\">1.034 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t2z_199\" style=\"left:754px;bottom:375px;letter-spacing:-0.21px;display:inline;\">509 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t30_199\" style=\"left:821px;bottom:375px;letter-spacing:-0.11px;display:inline;\">480 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t31_199\" style=\"left:65px;bottom:356px;letter-spacing:-0.21px;word-spacing:-0.18px;display:inline;\">\u20ac600m 4.375% bonds 2029 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t32_199\" style=\"left:548px;bottom:356px;letter-spacing:-0.24px;word-spacing:-0.14px;display:inline;\">28 November 2029 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t33_199\" style=\"left:679px;bottom:356px;letter-spacing:-0.24px;display:inline;\">0.098 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t34_199\" style=\"left:754px;bottom:356px;letter-spacing:-0.16px;display:inline;\">663 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t35_199\" style=\"left:836px;bottom:356px;display:inline;\">\u2013 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t36_199\" style=\"left:746px;bottom:338px;letter-spacing:-0.17px;display:inline;\">2,567 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t37_199\" style=\"left:815px;bottom:338px;letter-spacing:-0.19px;display:inline;\">2,341 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t38_199\" style=\"left:65px;bottom:319px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Total loans and other borrowings </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t39_199\" style=\"left:747px;bottom:319px;letter-spacing:-0.33px;display:inline;\">3,166 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t3a_199\" style=\"left:812px;bottom:319px;letter-spacing:-0.13px;display:inline;\">2,396 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t3b_199\" style=\"left:65px;bottom:282px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Denominated in the following currencies: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t3c_199\" style=\"left:73px;bottom:264px;letter-spacing:-0.23px;display:inline;\">Sterling </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t3d_199\" style=\"left:747px;bottom:264px;letter-spacing:-0.16px;display:inline;\">1,345 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t3e_199\" style=\"left:815px;bottom:264px;letter-spacing:-0.16px;display:inline;\">1,269 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t3f_199\" style=\"left:73px;bottom:245px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">US dollars </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t3g_199\" style=\"left:761px;bottom:245px;letter-spacing:-0.06px;display:inline;\">44 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t3h_199\" style=\"left:828px;bottom:245px;letter-spacing:-0.11px;display:inline;\">53 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t3i_199\" style=\"left:73px;bottom:227px;letter-spacing:-0.27px;display:inline;\">Euros </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t3j_199\" style=\"left:749px;bottom:227px;letter-spacing:-0.17px;display:inline;\">1,777 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t3k_199\" style=\"left:815px;bottom:227px;letter-spacing:-0.34px;display:inline;\">1,073 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t3l_199\" style=\"left:73px;bottom:208px;letter-spacing:-0.19px;display:inline;\">Other </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t3m_199\" style=\"left:769px;bottom:208px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t3n_199\" style=\"left:837px;bottom:208px;display:inline;\">1 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_199\" id=\"t3o_199\" style=\"left:747px;bottom:188px;letter-spacing:-0.33px;display:inline;\">3,166 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_199\" id=\"t3p_199\" style=\"left:812px;bottom:188px;letter-spacing:-0.13px;display:inline;\">2,396 </div></td></tr></table>\n<div class=\"t sa_199\" id=\"t3q_199\" style=\"left:65px;bottom:31px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\"> </div><div class=\"t m0_199 sb_199\" id=\"t3r_199\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t sa_199\" id=\"t3s_199\" style=\"left:826px;bottom:31px;letter-spacing:-0.06px;display:inline;\"> </div><div></div><div class=\"t s2_200\" id=\"t3_200\" style=\"left:65px;bottom:1100px;letter-spacing:0.11px;display:inline;\">Bonds </div><div class=\"t s3_200\" id=\"t4_200\" style=\"left:65px;bottom:1084px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">Interest is payable annually on the dates in the table, at the rates stated. </div><div class=\"t s2_200\" id=\"t5_200\" style=\"left:65px;bottom:1061px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Revolving Credit Facility (\u2018RCF\u2019) </div><div class=\"t s3_200\" id=\"t6_200\" style=\"left:65px;bottom:1046px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">The $1,350m facility matures in 2028, with an option to extend for a further one year at the lender\u2019s discretion. A variable rate of interest </div><div class=\"t s3_200\" id=\"t7_200\" style=\"left:65px;bottom:1031px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">is payable on amounts drawn. There were no amounts drawn as at 31 December 2023 or 31 December 2022. </div>The Group has no uncommitted facilities at 31 December 2023 (2022: $30m of which $nil was drawn). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f35914": {
   "value": "23. Net debt <table>\n                                            <tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_200\" id=\"ta_200\" style=\"left:752px;bottom:963px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_200\" id=\"tc_200\" style=\"left:819px;bottom:963px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_200\" id=\"tb_200\" style=\"left:761px;bottom:952px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_200\" id=\"td_200\" style=\"left:827px;bottom:952px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"te_200\" style=\"left:65px;bottom:935px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Cash and cash equivalents </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"tf_200\" style=\"left:748px;bottom:935px;letter-spacing:-0.18px;display:inline;\">1,322 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"tg_200\" style=\"left:823px;bottom:935px;letter-spacing:-0.37px;display:inline;\">976 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"th_200\" style=\"left:65px;bottom:916px;letter-spacing:-0.25px;word-spacing:0.38px;display:inline;\">Loans and other borrowings \u2013 current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"ti_200\" style=\"left:751px;bottom:916px;letter-spacing:-0.28px;display:inline;\">(599) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"tj_200\" style=\"left:825px;bottom:916px;letter-spacing:-0.23px;display:inline;\">(55) </div></td></tr><tr><td class=\"emptyTDSTag tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\">\u00a0<div class=\"t s6_200\" id=\"tk_200\" style=\"left:208px;bottom:898px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">\u2013 non-current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"tl_200\" style=\"left:742px;bottom:898px;letter-spacing:-0.15px;display:inline;\">(2,567) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"tm_200\" style=\"left:812px;bottom:898px;letter-spacing:-0.22px;display:inline;\">(2,341) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"tn_200\" style=\"left:65px;bottom:879px;letter-spacing:-0.19px;word-spacing:-0.14px;display:inline;\">Lease liabilities </div><div class=\"t s6_200\" id=\"to_200\" style=\"left:208px;bottom:879px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">\u2013 current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"tp_200\" style=\"left:757px;bottom:879px;letter-spacing:-0.35px;display:inline;\">(30) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"tq_200\" style=\"left:825px;bottom:879px;letter-spacing:-0.26px;display:inline;\">(26) </div></td></tr><tr><td class=\"emptyTDSTag tcs-selection-enabled tcs-selected\" colspan=\"1\" rowspan=\"1\">\u00a0<div class=\"t s6_200\" id=\"tr_200\" style=\"left:208px;bottom:861px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">\u2013 non-current </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"ts_200\" style=\"left:751px;bottom:861px;letter-spacing:-0.28px;display:inline;\">(396) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"tt_200\" style=\"left:820px;bottom:861px;letter-spacing:-0.29px;display:inline;\">(401) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"tu_200\" style=\"left:65px;bottom:842px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Principal amounts payable/receivable on maturity of derivative </div><div class=\"t s8_200\" id=\"tv_200\" style=\"left:374px;bottom:842px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">financial instruments (note 24) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"tw_200\" style=\"left:765px;bottom:842px;letter-spacing:-0.29px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"tx_200\" style=\"left:832px;bottom:842px;letter-spacing:-0.49px;display:inline;\">(4) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"ty_200\" style=\"left:65px;bottom:824px;letter-spacing:-0.21px;word-spacing:-0.16px;display:inline;\">Net debt </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"tz_200\" style=\"left:743px;bottom:824px;letter-spacing:-0.19px;display:inline;\">(2,272) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t10_200\" style=\"left:814px;bottom:824px;letter-spacing:-0.26px;display:inline;\">(1,851) </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_200\" id=\"t12_200\" style=\"left:752px;bottom:796px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_200\" id=\"t14_200\" style=\"left:819px;bottom:796px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_200\" id=\"t11_200\" style=\"left:65px;bottom:785px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Movement in net debt </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_200\" id=\"t13_200\" style=\"left:761px;bottom:786px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_200\" id=\"t15_200\" style=\"left:827px;bottom:786px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t16_200\" style=\"left:65px;bottom:768px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Net increase/(decrease) in cash and cash equivalents, net of overdrafts </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"t17_200\" style=\"left:754px;bottom:768px;letter-spacing:-0.17px;display:inline;\">339 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t18_200\" style=\"left:819px;bottom:768px;letter-spacing:-0.27px;display:inline;\">(393) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_200\" id=\"t19_200\" style=\"left:65px;bottom:740px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Add back financing cash flows in respect o</div><div class=\"t s6_200\" id=\"t1a_200\" style=\"left:275px;bottom:740px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">f other components of net debt: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t1b_200\" style=\"left:73px;bottom:721px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Principal element of lease payments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"t1c_200\" style=\"left:762px;bottom:721px;letter-spacing:-0.19px;display:inline;\">28 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t1d_200\" style=\"left:828px;bottom:721px;letter-spacing:-0.12px;display:inline;\">36 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t1e_200\" style=\"left:73px;bottom:703px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">(Issue)/repayment of long-term bonds </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"t1f_200\" style=\"left:752px;bottom:703px;letter-spacing:-0.22px;display:inline;\">(657) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t1g_200\" style=\"left:821px;bottom:703px;letter-spacing:-0.18px;display:inline;\">209 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"t1h_200\" style=\"left:751px;bottom:684px;letter-spacing:-0.29px;display:inline;\">(629) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t1i_200\" style=\"left:822px;bottom:684px;letter-spacing:-0.19px;display:inline;\">245 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t1j_200\" style=\"left:65px;bottom:666px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Increase in net debt arising from cash </div><div class=\"t s8_200\" id=\"t1k_200\" style=\"left:252px;bottom:666px;letter-spacing:-0.22px;display:inline;\">flows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"t1l_200\" style=\"left:750px;bottom:666px;letter-spacing:-0.22px;display:inline;\">(290) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t1m_200\" style=\"left:821px;bottom:666px;letter-spacing:-0.27px;display:inline;\">(148) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t1n_200\" style=\"left:65px;bottom:638px;letter-spacing:-0.24px;word-spacing:-0.14px;display:inline;\">Other movements: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t1o_200\" style=\"left:73px;bottom:619px;letter-spacing:-0.2px;word-spacing:-0.14px;display:inline;\">Lease liabilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"t1p_200\" style=\"left:759px;bottom:619px;letter-spacing:-0.25px;display:inline;\">(25) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t1q_200\" style=\"left:825px;bottom:619px;letter-spacing:-0.32px;display:inline;\">(48) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t1r_200\" style=\"left:73px;bottom:601px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Increase in accrued interest </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"t1s_200\" style=\"left:765px;bottom:601px;letter-spacing:-0.29px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t1t_200\" style=\"left:834px;bottom:601px;letter-spacing:-0.35px;display:inline;\">(1) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t1u_200\" style=\"left:73px;bottom:582px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"t1v_200\" style=\"left:753px;bottom:582px;letter-spacing:-0.31px;display:inline;\">(104) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t1w_200\" style=\"left:824px;bottom:582px;letter-spacing:-0.07px;display:inline;\">227 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"t1x_200\" style=\"left:756px;bottom:564px;letter-spacing:-0.32px;display:inline;\">(131) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t1y_200\" style=\"left:825px;bottom:564px;letter-spacing:-0.32px;display:inline;\">178 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t1z_200\" style=\"left:65px;bottom:545px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">(Increase)/decrease in net debt </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"t20_200\" style=\"left:754px;bottom:545px;letter-spacing:-0.35px;display:inline;\">(421) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t21_200\" style=\"left:827px;bottom:545px;letter-spacing:-0.16px;display:inline;\">30 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t22_200\" style=\"left:65px;bottom:527px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Net debt at beginning of the year </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"t23_200\" style=\"left:746px;bottom:527px;letter-spacing:-0.27px;display:inline;\">(1,851) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t24_200\" style=\"left:814px;bottom:527px;letter-spacing:-0.23px;display:inline;\">(1,881) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"t25_200\" style=\"left:65px;bottom:508px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Net debt at end of the year </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_200\" id=\"t26_200\" style=\"left:743px;bottom:508px;letter-spacing:-0.19px;display:inline;\">(2,272) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_200\" id=\"t27_200\" style=\"left:814px;bottom:508px;letter-spacing:-0.26px;display:inline;\">(1,851) </div></td></tr>\n                                        </table>\n<div class=\"t s6_200\" id=\"t28_200\" style=\"left:80px;bottom:474px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Net debt as calculated for bank covenants can be found on page 201. </div><div class=\"t s2_200\" id=\"t2b_200\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t sc_200\" id=\"t2c_200\" style=\"left:65px;bottom:31px;letter-spacing:0.07px;display:inline;\"></div><div></div><div class=\"t s2_201\" id=\"t3_201\" style=\"left:65px;bottom:1100px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Loans and other borrowings (excluding bank overdrafts), lease liabilities and currency swaps and forwards comprise the liabilities included </div><div class=\"t s3_201\" id=\"t4_201\" style=\"left:65px;bottom:1084px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">in the financing activities section o</div><div class=\"t s2_201\" id=\"t5_201\" style=\"left:258px;bottom:1084px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">f the Group statement of cash </div><div class=\"t s3_201\" id=\"t6_201\" style=\"left:427px;bottom:1084px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">flows and their movements are analysed as </div><div class=\"t s2_201\" id=\"t7_201\" style=\"left:669px;bottom:1084px;letter-spacing:-0.09px;display:inline;\">follows: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_201\" id=\"t8_201\" style=\"left:446px;bottom:1062px;letter-spacing:0.05px;word-spacing:-0.16px;display:inline;\">At 1 January </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_201\" id=\"tb_201\" style=\"left:540px;bottom:1062px;letter-spacing:0.09px;display:inline;\">Financing </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_201\" id=\"te_201\" style=\"left:626px;bottom:1062px;letter-spacing:0.11px;display:inline;\">Exchange </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_201\" id=\"tk_201\" style=\"left:772px;bottom:1062px;letter-spacing:0.08px;word-spacing:-0.33px;display:inline;\">At 31 December </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_201\" id=\"t9_201\" style=\"left:475px;bottom:1052px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_201\" id=\"tc_201\" style=\"left:538px;bottom:1052px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">cash flows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_201\" id=\"tf_201\" style=\"left:614px;bottom:1052px;letter-spacing:0.12px;display:inline;\">adjustments </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s4_201\" id=\"th_201\" style=\"left:725px;bottom:1052px;letter-spacing:0.15px;display:inline;\">Other </div><div class=\"t s5_201\" id=\"ti_201\" style=\"vertical-align: super;left:751px;bottom:1058px;letter-spacing:0.17px;display:inline;\">a,b </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_201\" id=\"tl_201\" style=\"left:818px;bottom:1052px;letter-spacing:0.12px;display:inline;\">2023 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_201\" id=\"ta_201\" style=\"left:484px;bottom:1041px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_201\" id=\"td_201\" style=\"left:569px;bottom:1041px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_201\" id=\"tg_201\" style=\"left:655px;bottom:1041px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_201\" id=\"tj_201\" style=\"left:737px;bottom:1041px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_201\" id=\"tm_201\" style=\"left:827px;bottom:1041px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"tn_201\" style=\"left:65px;bottom:1023px;letter-spacing:-0.2px;word-spacing:-0.14px;display:inline;\">Lease liabilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"to_201\" style=\"left:479px;bottom:1023px;letter-spacing:-0.25px;display:inline;\">427 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"tp_201\" style=\"left:567px;bottom:1023px;letter-spacing:-0.27px;display:inline;\">(28) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"tq_201\" style=\"left:663px;bottom:1023px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"tr_201\" style=\"left:737px;bottom:1023px;letter-spacing:-0.12px;display:inline;\">25 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"ts_201\" style=\"left:821px;bottom:1023px;letter-spacing:-0.27px;display:inline;\">426 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"tt_201\" style=\"left:65px;bottom:1005px;letter-spacing:-0.23px;word-spacing:-0.15px;display:inline;\">\u20ac500m 1.625% bonds 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"tu_201\" style=\"left:477px;bottom:1005px;letter-spacing:-0.15px;display:inline;\">534 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"tv_201\" style=\"left:578px;bottom:1005px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"tw_201\" style=\"left:655px;bottom:1005px;letter-spacing:-0.2px;display:inline;\">20 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"tx_201\" style=\"left:745px;bottom:1005px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"ty_201\" style=\"left:821px;bottom:1005px;letter-spacing:-0.17px;display:inline;\">555 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"tz_201\" style=\"left:65px;bottom:986px;letter-spacing:-0.22px;word-spacing:-0.16px;display:inline;\">\u00a3300m 3.75% bonds 2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t10_201\" style=\"left:478px;bottom:986px;letter-spacing:-0.17px;display:inline;\">365 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t11_201\" style=\"left:578px;bottom:986px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t12_201\" style=\"left:657px;bottom:986px;letter-spacing:-0.04px;display:inline;\">22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t13_201\" style=\"left:744px;bottom:986px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t14_201\" style=\"left:821px;bottom:986px;letter-spacing:-0.21px;display:inline;\">387 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t15_201\" style=\"left:65px;bottom:968px;letter-spacing:-0.24px;word-spacing:-0.14px;display:inline;\">\u00a3350m 2.125% bonds 2026 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t16_201\" style=\"left:478px;bottom:968px;letter-spacing:-0.27px;display:inline;\">423 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t17_201\" style=\"left:578px;bottom:968px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t18_201\" style=\"left:656px;bottom:968px;letter-spacing:-0.12px;display:inline;\">25 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t19_201\" style=\"left:745px;bottom:968px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1a_201\" style=\"left:820px;bottom:968px;letter-spacing:-0.12px;display:inline;\">449 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t1b_201\" style=\"left:65px;bottom:949px;letter-spacing:-0.24px;word-spacing:-0.15px;display:inline;\">\u20ac500m 2.125% bonds 2027 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1c_201\" style=\"left:477px;bottom:949px;letter-spacing:-0.16px;display:inline;\">539 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1d_201\" style=\"left:578px;bottom:949px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1e_201\" style=\"left:655px;bottom:949px;letter-spacing:-0.2px;display:inline;\">20 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1f_201\" style=\"left:744px;bottom:949px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1g_201\" style=\"left:821px;bottom:949px;letter-spacing:-0.2px;display:inline;\">559 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t1h_201\" style=\"left:65px;bottom:931px;letter-spacing:-0.21px;word-spacing:-0.18px;display:inline;\">\u00a3400m 3.375% bonds 2028 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1i_201\" style=\"left:476px;bottom:931px;letter-spacing:-0.18px;display:inline;\">480 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1j_201\" style=\"left:578px;bottom:931px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1k_201\" style=\"left:656px;bottom:931px;letter-spacing:-0.19px;display:inline;\">28 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1l_201\" style=\"left:745px;bottom:931px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1m_201\" style=\"left:820px;bottom:931px;letter-spacing:-0.21px;display:inline;\">509 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t1n_201\" style=\"left:65px;bottom:912px;letter-spacing:-0.21px;word-spacing:-0.18px;display:inline;\">\u20ac600m 4.375% bonds 2029 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1o_201\" style=\"left:492px;bottom:912px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1p_201\" style=\"left:564px;bottom:912px;letter-spacing:-0.23px;display:inline;\">657 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1q_201\" style=\"left:663px;bottom:912px;display:inline;\">8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1r_201\" style=\"left:740px;bottom:912px;letter-spacing:-0.29px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1s_201\" style=\"left:820px;bottom:912px;letter-spacing:-0.16px;display:inline;\">663 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1t_201\" style=\"left:469px;bottom:894px;letter-spacing:-0.3px;display:inline;\">2,768 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1u_201\" style=\"left:563px;bottom:894px;letter-spacing:-0.18px;display:inline;\">629 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1v_201\" style=\"left:652px;bottom:894px;letter-spacing:-0.18px;display:inline;\">125 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1w_201\" style=\"left:737px;bottom:894px;letter-spacing:-0.19px;display:inline;\">26 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1x_201\" style=\"left:811px;bottom:894px;letter-spacing:-0.18px;display:inline;\">3,548 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t1y_201\" style=\"left:65px;bottom:874px;letter-spacing:-0.26px;word-spacing:-0.12px;display:inline;\">Currency swaps </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t1z_201\" style=\"left:491px;bottom:874px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t20_201\" style=\"left:578px;bottom:874px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t21_201\" style=\"left:664px;bottom:874px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t22_201\" style=\"left:738px;bottom:874px;letter-spacing:-0.22px;display:inline;\">16 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t23_201\" style=\"left:827px;bottom:874px;letter-spacing:-0.2px;display:inline;\">20 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t24_201\" style=\"left:65px;bottom:854px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Currency forwards </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t25_201\" style=\"left:492px;bottom:854px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t26_201\" style=\"left:578px;bottom:854px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t27_201\" style=\"left:664px;bottom:854px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t28_201\" style=\"left:736px;bottom:854px;letter-spacing:-0.31px;display:inline;\">(15) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t29_201\" style=\"left:826px;bottom:854px;letter-spacing:-0.31px;display:inline;\">(15) </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t2a_201\" style=\"left:470px;bottom:835px;letter-spacing:-0.2px;display:inline;\">2,772 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t2b_201\" style=\"left:563px;bottom:835px;letter-spacing:-0.18px;display:inline;\">629 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t2c_201\" style=\"left:652px;bottom:835px;letter-spacing:-0.18px;display:inline;\">125 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t2d_201\" style=\"left:738px;bottom:835px;letter-spacing:-0.17px;display:inline;\">27 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_201\" id=\"t2e_201\" style=\"left:811px;bottom:835px;letter-spacing:-0.2px;display:inline;\">3,553 </div></td></tr></table><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_201\" id=\"t2f_201\" style=\"left:448px;bottom:807px;letter-spacing:0.04px;word-spacing:-0.15px;display:inline;\">At 1 January </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_201\" id=\"t2i_201\" style=\"left:542px;bottom:807px;letter-spacing:0.07px;display:inline;\">Financing </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_201\" id=\"t2l_201\" style=\"left:627px;bottom:807px;letter-spacing:0.09px;display:inline;\">Exchange </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_201\" id=\"t2r_201\" style=\"left:773px;bottom:807px;letter-spacing:0.07px;word-spacing:-0.18px;display:inline;\">At 31 December </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_201\" id=\"t2g_201\" style=\"left:476px;bottom:796px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_201\" id=\"t2j_201\" style=\"left:539px;bottom:796px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">cash flows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_201\" id=\"t2m_201\" style=\"left:617px;bottom:796px;letter-spacing:0.08px;display:inline;\">adjustments </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s8_201\" id=\"t2o_201\" style=\"left:726px;bottom:796px;letter-spacing:0.12px;display:inline;\">Other </div><div class=\"t sa_201\" id=\"t2p_201\" style=\"vertical-align: super;left:751px;bottom:802px;display:inline;\">b </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_201\" id=\"t2s_201\" style=\"left:819px;bottom:796px;letter-spacing:0.17px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_201\" id=\"t2h_201\" style=\"left:484px;bottom:785px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_201\" id=\"t2k_201\" style=\"left:570px;bottom:785px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_201\" id=\"t2n_201\" style=\"left:655px;bottom:785px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_201\" id=\"t2q_201\" style=\"left:737px;bottom:785px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_201\" id=\"t2t_201\" style=\"left:827px;bottom:785px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t2u_201\" style=\"left:65px;bottom:768px;letter-spacing:-0.2px;word-spacing:-0.14px;display:inline;\">Lease liabilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t2v_201\" style=\"left:481px;bottom:768px;letter-spacing:-0.29px;display:inline;\">419 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t2w_201\" style=\"left:568px;bottom:768px;letter-spacing:-0.3px;display:inline;\">(36) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t2x_201\" style=\"left:660px;bottom:768px;letter-spacing:-0.49px;display:inline;\">(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t2y_201\" style=\"left:737px;bottom:768px;letter-spacing:-0.07px;display:inline;\">48 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t2z_201\" style=\"left:823px;bottom:768px;letter-spacing:-0.22px;display:inline;\">427 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t30_201\" style=\"left:65px;bottom:749px;letter-spacing:-0.22px;word-spacing:-0.16px;display:inline;\">\u00a3173m 3.875% bonds 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t31_201\" style=\"left:479px;bottom:749px;letter-spacing:-0.17px;display:inline;\">233 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t32_201\" style=\"left:561px;bottom:749px;letter-spacing:-0.21px;display:inline;\">(209) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t33_201\" style=\"left:654px;bottom:749px;letter-spacing:-0.32px;display:inline;\">(24) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t34_201\" style=\"left:744px;bottom:749px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t35_201\" style=\"left:836px;bottom:749px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t36_201\" style=\"left:65px;bottom:731px;letter-spacing:-0.23px;word-spacing:-0.15px;display:inline;\">\u20ac500m 1.625% bonds 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t37_201\" style=\"left:479px;bottom:731px;letter-spacing:-0.14px;display:inline;\">565 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t38_201\" style=\"left:578px;bottom:731px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t39_201\" style=\"left:654px;bottom:731px;letter-spacing:-0.33px;display:inline;\">(32) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3a_201\" style=\"left:746px;bottom:731px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3b_201\" style=\"left:822px;bottom:731px;letter-spacing:-0.11px;display:inline;\">534 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3c_201\" style=\"left:65px;bottom:712px;letter-spacing:-0.22px;word-spacing:-0.16px;display:inline;\">\u00a3300m 3.75% bonds 2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3d_201\" style=\"left:478px;bottom:712px;letter-spacing:-0.14px;display:inline;\">408 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3e_201\" style=\"left:578px;bottom:712px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3f_201\" style=\"left:654px;bottom:712px;letter-spacing:-0.28px;display:inline;\">(45) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3g_201\" style=\"left:744px;bottom:712px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3h_201\" style=\"left:822px;bottom:712px;letter-spacing:-0.1px;display:inline;\">365 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3i_201\" style=\"left:65px;bottom:694px;letter-spacing:-0.24px;word-spacing:-0.14px;display:inline;\">\u00a3350m 2.125% bonds 2026 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3j_201\" style=\"left:480px;bottom:694px;letter-spacing:-0.36px;display:inline;\">473 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3k_201\" style=\"left:578px;bottom:694px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3l_201\" style=\"left:653px;bottom:694px;letter-spacing:-0.29px;display:inline;\">(50) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3m_201\" style=\"left:744px;bottom:694px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3n_201\" style=\"left:822px;bottom:694px;letter-spacing:-0.26px;display:inline;\">423 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3o_201\" style=\"left:65px;bottom:675px;letter-spacing:-0.24px;word-spacing:-0.15px;display:inline;\">\u20ac500m 2.125% bonds 2027 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3p_201\" style=\"left:479px;bottom:675px;letter-spacing:-0.33px;display:inline;\">570 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3q_201\" style=\"left:578px;bottom:675px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3r_201\" style=\"left:654px;bottom:675px;letter-spacing:-0.33px;display:inline;\">(32) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3s_201\" style=\"left:746px;bottom:675px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3t_201\" style=\"left:822px;bottom:675px;letter-spacing:-0.12px;display:inline;\">539 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3u_201\" style=\"left:65px;bottom:657px;letter-spacing:-0.21px;word-spacing:-0.18px;display:inline;\">\u00a3400m 3.375% bonds 2028 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3v_201\" style=\"left:480px;bottom:657px;letter-spacing:-0.2px;display:inline;\">537 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3w_201\" style=\"left:578px;bottom:657px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3x_201\" style=\"left:654px;bottom:657px;letter-spacing:-0.14px;display:inline;\">(57) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3y_201\" style=\"left:744px;bottom:657px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t3z_201\" style=\"left:821px;bottom:657px;letter-spacing:-0.11px;display:inline;\">480 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t40_201\" style=\"left:469px;bottom:638px;letter-spacing:-0.16px;display:inline;\">3,205 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t41_201\" style=\"left:562px;bottom:638px;letter-spacing:-0.21px;display:inline;\">(245) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t42_201\" style=\"left:647px;bottom:638px;letter-spacing:-0.24px;display:inline;\">(244) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t43_201\" style=\"left:738px;bottom:638px;letter-spacing:-0.4px;display:inline;\">52 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t44_201\" style=\"left:814px;bottom:638px;letter-spacing:-0.31px;display:inline;\">2,768 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t45_201\" style=\"left:65px;bottom:618px;letter-spacing:-0.26px;word-spacing:-0.12px;display:inline;\">Currency swaps </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t46_201\" style=\"left:486px;bottom:618px;letter-spacing:-0.21px;display:inline;\">62 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t47_201\" style=\"left:578px;bottom:618px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t48_201\" style=\"left:664px;bottom:618px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t49_201\" style=\"left:734px;bottom:618px;letter-spacing:-0.27px;display:inline;\">(58) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t4a_201\" style=\"left:835px;bottom:618px;display:inline;\">4 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t4b_201\" style=\"left:471px;bottom:600px;letter-spacing:-0.19px;display:inline;\">3,267 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t4c_201\" style=\"left:562px;bottom:600px;letter-spacing:-0.21px;display:inline;\">(245) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t4d_201\" style=\"left:647px;bottom:600px;letter-spacing:-0.24px;display:inline;\">(244) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t4e_201\" style=\"left:741px;bottom:600px;letter-spacing:-0.38px;display:inline;\">(6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_201\" id=\"t4f_201\" style=\"left:815px;bottom:600px;letter-spacing:-0.2px;display:inline;\">2,772 </div></td></tr></table>\n<div class=\"t sb_201\" id=\"t4g_201\" style=\"left:65px;bottom:576px;display:inline;\">a </div><div class=\"t s8_201\" id=\"t4h_201\" style=\"left:74px;bottom:572px;letter-spacing:0.05px;word-spacing:-0.16px;display:inline;\">The non-cash increase in lease liabilities principally arises from additions and other re-measurements. </div><div class=\"t sb_201\" id=\"t4i_201\" style=\"left:65px;bottom:558px;display:inline;\">b </div>The change in value of currency swaps represents fair value movements and, in 2023, additions.",
   "dimensions": {
    "concept": "ihg:DisclosureOfDetailedInformationAboutNetDebtExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f36476": {
   "value": "24. Financial risk management and derivative financial instruments <div class=\"t sc_201\" id=\"t4l_201\" style=\"left:65px;bottom:499px;letter-spacing:0.01px;display:inline;\">Overview </div><div class=\"t s3_201\" id=\"t4m_201\" style=\"left:65px;bottom:484px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">The Group is exposed to financial risks that arise in relation to underlying business activities. These risks include: market risk, liquidity risk, </div><div class=\"t s2_201\" id=\"t4n_201\" style=\"left:65px;bottom:469px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">credit risk and capital risk. There are Board approved policies in place to manage these risks. Treasury activities to manage these risks may </div><div class=\"t s2_201\" id=\"t4o_201\" style=\"left:65px;bottom:453px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">include money market funds, repurchase agreements, spot and forward foreign exchange instruments, currency swaps, interest rate swaps </div><div class=\"t s2_201\" id=\"t4p_201\" style=\"left:65px;bottom:438px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">and forward rate agreements. </div><div class=\"t sc_201\" id=\"t4q_201\" style=\"left:65px;bottom:415px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Market risk </div><div class=\"t s2_201\" id=\"t4r_201\" style=\"left:65px;bottom:400px;letter-spacing:-0.09px;word-spacing:-0.07px;display:inline;\">Market risk is the risk that the fair value or future cash </div><div class=\"t s3_201\" id=\"t4s_201\" style=\"left:363px;bottom:400px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">flows o</div><div class=\"t s2_201\" id=\"t4t_201\" style=\"left:402px;bottom:400px;letter-spacing:-0.18px;display:inline;\">f a </div><div class=\"t s3_201\" id=\"t4u_201\" style=\"left:418px;bottom:400px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">financial instrument will fluctuate because o</div><div class=\"t s2_201\" id=\"t4v_201\" style=\"left:663px;bottom:400px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">f changes in market prices. </div><div class=\"t s2_201\" id=\"t4w_201\" style=\"left:65px;bottom:385px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Market risk comprises: foreign exchange risk and interest rate risk. Financial instruments a\ufb00ected by market risk include loans and other </div><div class=\"t s2_201\" id=\"t4x_201\" style=\"left:65px;bottom:369px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">borrowings, cash and cash equivalents, debt and equity investments and derivatives. </div><div class=\"t sd_201\" id=\"t4y_201\" style=\"left:65px;bottom:346px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">Foreign exchange risk </div><div class=\"t s2_201\" id=\"t4z_201\" style=\"left:65px;bottom:331px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">Movements in foreign exchange rates can a\ufb00ect the Group\u2019s reported pro</div><div class=\"t s3_201\" id=\"t50_201\" style=\"left:475px;bottom:331px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">fit or loss, net liabilities and its interest cover. The most significant </div><div class=\"t s2_201\" id=\"t51_201\" style=\"left:65px;bottom:316px;letter-spacing:-0.13px;word-spacing:-0.08px;display:inline;\">exposures of the Group are in currencies that are freely convertible. The Group\u2019s reported debt has an exposure to borrowings held in sterling </div><div class=\"t s2_201\" id=\"t52_201\" style=\"left:65px;bottom:301px;letter-spacing:-0.09px;word-spacing:-0.1px;display:inline;\">and euros. After the e\ufb00ect of currency swaps, the Group holds its bond debt in sterling, which is the primary currency of shareholder returns, </div><div class=\"t s2_201\" id=\"t53_201\" style=\"left:65px;bottom:285px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">and in US dollars, the predominant currency of the Group\u2019s revenue and cash </div><div class=\"t s3_201\" id=\"t54_201\" style=\"left:497px;bottom:285px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">flows. US dollar borrowing or currency derivatives may also </div><div class=\"t s2_201\" id=\"t55_201\" style=\"left:65px;bottom:270px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">act as a net investment hedge of US dollar denominated assets. </div><div class=\"t s2_201\" id=\"t56_201\" style=\"left:65px;bottom:247px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">When the Group borrows in currencies di\ufb00erent from the functional currency of the borrowing entity, currency swaps are transacted at the </div><div class=\"t s2_201\" id=\"t57_201\" style=\"left:65px;bottom:232px;letter-spacing:-0.05px;word-spacing:-0.08px;display:inline;\">same time to minimise foreign exchange risk. Currency swaps were transacted against the \u20ac500m 2.125% 2027 and \u20ac500m 1.625% 2024 </div><div class=\"t s3_201\" id=\"t58_201\" style=\"left:65px;bottom:217px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">bonds, in November 2018 and October 2020 respectively, swapping the bonds\u2019 proceeds and interest flows into sterling. Similar currency </div><div class=\"t s3_201\" id=\"t59_201\" style=\"left:65px;bottom:201px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">swaps were transacted against the \u20ac600m 4.375% 2029 bonds in November 2023, swapping the bond proceeds and interest flows into </div><div class=\"t s2_201\" id=\"t5a_201\" style=\"left:65px;bottom:186px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">US dollars (see page 200). </div><div class=\"t sd_201\" id=\"t5b_201\" style=\"left:65px;bottom:163px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">Interest rate risk </div><div class=\"t s3_201\" id=\"t5c_201\" style=\"left:65px;bottom:148px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">The Group is exposed to interest rate risk in relation to its fixed and floating rate borrowings. The Group\u2019s policy requires a minimum o</div><div class=\"t s2_201\" id=\"t5d_201\" style=\"left:806px;bottom:148px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">f 50% </div><div class=\"t s3_201\" id=\"t5e_201\" style=\"left:65px;bottom:133px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">fixed rate debt over the next 12 months. With the exception o</div><div class=\"t s2_201\" id=\"t5f_201\" style=\"left:403px;bottom:133px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">f overdrafts, 100% of borrowings were </div><div class=\"t s3_201\" id=\"t5g_201\" style=\"left:618px;bottom:133px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">fixed rate debt at 31 December 2023 </div><div class=\"t s2_201\" id=\"t5h_201\" style=\"left:65px;bottom:117px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">(2022: 100%). </div><div class=\"t sd_201\" id=\"t5i_201\" style=\"left:65px;bottom:31px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\"> </div><div class=\"t m0_201 se_201\" id=\"t5j_201\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t sd_201\" id=\"t5k_201\" style=\"left:825px;bottom:31px;letter-spacing:0.09px;display:inline;\"></div><div></div><div class=\"t s4_202\" id=\"t5_202\" style=\"left:65px;bottom:1100px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Derivative financial instruments </div><div class=\"t s5_202\" id=\"t6_202\" style=\"left:65px;bottom:1084px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Derivatives are recorded in the Group statement of </div><div class=\"t s6_202\" id=\"t7_202\" style=\"left:350px;bottom:1084px;letter-spacing:-0.05px;word-spacing:-0.11px;display:inline;\">financial position at </div><div class=\"t s5_202\" id=\"t8_202\" style=\"left:462px;bottom:1084px;letter-spacing:-0.1px;word-spacing:-0.05px;display:inline;\">fair value (see note 25) as follows: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_202\" id=\"ta_202\" style=\"left:752px;bottom:1062px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_202\" id=\"tc_202\" style=\"left:819px;bottom:1062px;letter-spacing:0.17px;display:inline;\">2022 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_202\" id=\"t9_202\" style=\"left:65px;bottom:1052px;letter-spacing:0.05px;display:inline;\">Derivatives </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_202\" id=\"tb_202\" style=\"left:761px;bottom:1052px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_202\" id=\"td_202\" style=\"left:827px;bottom:1052px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"te_202\" style=\"left:65px;bottom:1034px;letter-spacing:-0.26px;word-spacing:-0.12px;display:inline;\">Currency swaps </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_202\" id=\"tf_202\" style=\"left:758px;bottom:1034px;letter-spacing:-0.28px;display:inline;\">(20) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"tg_202\" style=\"left:832px;bottom:1034px;letter-spacing:-0.49px;display:inline;\">(4) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_202\" id=\"th_202\" style=\"left:65px;bottom:1015px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Currency forwards </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_202\" id=\"ti_202\" style=\"left:764px;bottom:1015px;letter-spacing:-0.18px;display:inline;\">15 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"tj_202\" style=\"left:836px;bottom:1015px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"tk_202\" style=\"left:65px;bottom:978px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Analysed as: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"tl_202\" style=\"left:73px;bottom:960px;letter-spacing:-0.19px;word-spacing:-0.17px;display:inline;\">Non-current assets </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_202\" id=\"tm_202\" style=\"left:761px;bottom:960px;letter-spacing:-0.2px;display:inline;\">20 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"tn_202\" style=\"left:836px;bottom:960px;display:inline;\">7 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"to_202\" style=\"left:73px;bottom:941px;letter-spacing:-0.22px;word-spacing:-0.12px;display:inline;\">Current liabilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_202\" id=\"tp_202\" style=\"left:759px;bottom:941px;letter-spacing:-0.25px;display:inline;\">(25) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"tq_202\" style=\"left:836px;bottom:941px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"tr_202\" style=\"left:73px;bottom:923px;letter-spacing:-0.2px;word-spacing:-0.15px;display:inline;\">Non-current liabilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_202\" id=\"ts_202\" style=\"left:769px;bottom:923px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"tt_202\" style=\"left:830px;bottom:923px;letter-spacing:-0.33px;display:inline;\">(11) </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_202\" id=\"tu_202\" style=\"left:765px;bottom:904px;letter-spacing:-0.37px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"tv_202\" style=\"left:832px;bottom:904px;letter-spacing:-0.49px;display:inline;\">(4) </div></td></tr></table>\n<div class=\"t s5_202\" id=\"tw_202\" style=\"left:65px;bottom:871px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The carrying amount of currency swaps and forwards comprises $2m loss (2022: $4m loss) relating to exchange movements on the </div><div class=\"t s5_202\" id=\"tx_202\" style=\"left:65px;bottom:856px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">underlying principal, included within net debt (see note 23), and a $3m loss (2022: $nil) relating to other fair value movements. </div><div class=\"t s5_202\" id=\"ty_202\" style=\"left:65px;bottom:833px;letter-spacing:-0.08px;word-spacing:-0.08px;display:inline;\">Details of the credit risk on derivative </div><div class=\"t s6_202\" id=\"tz_202\" style=\"left:273px;bottom:833px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">financial instruments are included on page 203. </div><div class=\"t s5_202\" id=\"t10_202\" style=\"left:65px;bottom:810px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Currency swaps and forwards have been transacted as follows: </div><table><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_202\" id=\"t11_202\" style=\"left:65px;bottom:788px;letter-spacing:0.06px;word-spacing:-0.16px;display:inline;\">Date of designation </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_202\" id=\"t12_202\" style=\"left:169px;bottom:788px;letter-spacing:0.12px;word-spacing:-0.21px;display:inline;\">Hedge type </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_202\" id=\"t13_202\" style=\"left:235px;bottom:788px;letter-spacing:0.02px;word-spacing:-0.12px;display:inline;\">Pay leg </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_202\" id=\"t14_202\" style=\"left:283px;bottom:788px;letter-spacing:0.05px;word-spacing:-0.15px;display:inline;\">Interest rate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_202\" id=\"t15_202\" style=\"left:349px;bottom:788px;letter-spacing:0.06px;word-spacing:-0.16px;display:inline;\">Receive leg </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_202\" id=\"t16_202\" style=\"left:415px;bottom:788px;letter-spacing:0.05px;word-spacing:-0.15px;display:inline;\">Interest rate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_202\" id=\"t17_202\" style=\"left:481px;bottom:788px;letter-spacing:0.07px;display:inline;\">Maturity </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_202\" id=\"t18_202\" style=\"left:567px;bottom:788px;letter-spacing:0.11px;display:inline;\">Risk </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_202\" id=\"t19_202\" style=\"left:672px;bottom:788px;letter-spacing:0.1px;word-spacing:-0.19px;display:inline;\">Hedged item </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1a_202\" style=\"left:65px;bottom:770px;letter-spacing:-0.24px;word-spacing:-0.15px;display:inline;\">November 2018 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1b_202\" style=\"left:169px;bottom:770px;letter-spacing:-0.21px;word-spacing:-0.16px;display:inline;\">Cash flow </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1c_202\" style=\"left:235px;bottom:770px;letter-spacing:-0.1px;display:inline;\">\u00a3436m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1d_202\" style=\"left:283px;bottom:770px;letter-spacing:-0.2px;display:inline;\">3.5% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1e_202\" style=\"left:349px;bottom:770px;letter-spacing:-0.16px;display:inline;\">\u20ac500m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1f_202\" style=\"left:415px;bottom:770px;letter-spacing:-0.32px;display:inline;\">2.125% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1g_202\" style=\"left:481px;bottom:770px;letter-spacing:-0.25px;word-spacing:-0.14px;display:inline;\">May 2027 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1h_202\" style=\"left:567px;bottom:770px;letter-spacing:-0.27px;word-spacing:-0.1px;display:inline;\">Foreign exchange </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1i_202\" style=\"left:672px;bottom:770px;letter-spacing:-0.24px;word-spacing:-0.15px;display:inline;\">\u20ac500m 2.125% bonds 2027 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1j_202\" style=\"left:65px;bottom:752px;letter-spacing:-0.22px;word-spacing:-0.16px;display:inline;\">October 2020 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1k_202\" style=\"left:169px;bottom:752px;letter-spacing:-0.21px;word-spacing:-0.16px;display:inline;\">Cash flow </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1l_202\" style=\"left:235px;bottom:752px;letter-spacing:-0.1px;display:inline;\">\u00a3454m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1m_202\" style=\"left:283px;bottom:752px;letter-spacing:-0.26px;display:inline;\">2.7% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1n_202\" style=\"left:349px;bottom:752px;letter-spacing:-0.16px;display:inline;\">\u20ac500m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1o_202\" style=\"left:415px;bottom:752px;letter-spacing:-0.24px;display:inline;\">1.625% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1p_202\" style=\"left:481px;bottom:752px;letter-spacing:-0.23px;word-spacing:-0.15px;display:inline;\">October 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1q_202\" style=\"left:567px;bottom:752px;letter-spacing:-0.27px;word-spacing:-0.1px;display:inline;\">Foreign exchange </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1r_202\" style=\"left:672px;bottom:752px;letter-spacing:-0.23px;word-spacing:-0.15px;display:inline;\">\u20ac500m 1.625% bonds 2024 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1s_202\" style=\"left:65px;bottom:733px;letter-spacing:-0.24px;word-spacing:-0.15px;display:inline;\">November 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1t_202\" style=\"left:169px;bottom:733px;letter-spacing:-0.21px;word-spacing:-0.16px;display:inline;\">Cash flow </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1u_202\" style=\"left:235px;bottom:733px;letter-spacing:-0.25px;display:inline;\">$657m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1v_202\" style=\"left:283px;bottom:733px;letter-spacing:-0.25px;display:inline;\">6.0% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1w_202\" style=\"left:349px;bottom:733px;letter-spacing:-0.15px;display:inline;\">\u20ac600m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1x_202\" style=\"left:415px;bottom:733px;letter-spacing:-0.21px;display:inline;\">4.375% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1y_202\" style=\"left:481px;bottom:733px;letter-spacing:-0.24px;word-spacing:-0.15px;display:inline;\">November 2029 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1z_202\" style=\"left:567px;bottom:733px;letter-spacing:-0.27px;word-spacing:-0.1px;display:inline;\">Foreign exchange </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t20_202\" style=\"left:672px;bottom:733px;letter-spacing:-0.21px;word-spacing:-0.18px;display:inline;\">\u20ac600m 4.375% bonds 2029 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t21_202\" style=\"left:65px;bottom:715px;letter-spacing:-0.22px;word-spacing:-0.16px;display:inline;\">October 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t22_202\" style=\"left:169px;bottom:715px;letter-spacing:-0.14px;display:inline;\">Net </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t24_202\" style=\"left:235px;bottom:715px;letter-spacing:-0.22px;display:inline;\">$425m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t25_202\" style=\"left:283px;bottom:715px;letter-spacing:-0.46px;display:inline;\">n/a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t26_202\" style=\"left:349px;bottom:715px;letter-spacing:-0.1px;display:inline;\">\u00a3344m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t27_202\" style=\"left:415px;bottom:715px;letter-spacing:-0.46px;display:inline;\">n/a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t28_202\" style=\"left:481px;bottom:715px;letter-spacing:-0.22px;word-spacing:-0.16px;display:inline;\">October 2028 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_202\" id=\"t29_202\" style=\"left:567px;bottom:715px;letter-spacing:-0.23px;word-spacing:-0.11px;display:inline;\">Spot foreign </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_202\" id=\"t2b_202\" style=\"left:672px;bottom:715px;letter-spacing:-0.19px;word-spacing:-0.28px;display:inline;\">Net assets of speci</div><div class=\"t sa_202\" id=\"t2c_202\" style=\"left:764px;bottom:715px;letter-spacing:-0.18px;word-spacing:-0.28px;display:inline;\">fied subsidiaries </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t23_202\" style=\"left:169px;bottom:702px;letter-spacing:-0.25px;display:inline;\">investment </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t2a_202\" style=\"left:567px;bottom:702px;letter-spacing:-0.27px;display:inline;\">exchange </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_202\" id=\"t2d_202\" style=\"left:672px;bottom:702px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">with US dollar foreign currency </div></td></tr></table>\n<div class=\"t s4_202\" id=\"t2e_202\" style=\"left:65px;bottom:668px;letter-spacing:0.01px;word-spacing:-0.14px;display:inline;\">Cash flow hedges </div><div class=\"t s6_202\" id=\"t2f_202\" style=\"left:65px;bottom:653px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">There is an economic relationship between the hedged item and the hedging instrument as the critical terms are aligned, such that the </div><div class=\"t s6_202\" id=\"t2g_202\" style=\"left:65px;bottom:638px;letter-spacing:-0.11px;word-spacing:-0.05px;display:inline;\">hedge ratio is 1:1. </div><div class=\"t s5_202\" id=\"t2h_202\" style=\"left:65px;bottom:615px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">The change in the fair value of hedging instruments used to measure hedge ine\ufb00ectiveness in the period mirrors that of the hypothetical </div><div class=\"t s6_202\" id=\"t2i_202\" style=\"left:65px;bottom:599px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">derivative (hedged item) and was $14m loss (2022: $48m gain). </div><div class=\"t s5_202\" id=\"t2j_202\" style=\"left:65px;bottom:576px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Hedge ine\ufb00ectiveness arises where the cumulative change in the fair value of the swaps exceeds the change in fair value of the future </div><div class=\"t s6_202\" id=\"t2k_202\" style=\"left:65px;bottom:561px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">cash flows o</div><div class=\"t s5_202\" id=\"t2l_202\" style=\"left:134px;bottom:561px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">f the bonds, and may be due to any opening fair value of the hedging instrument, or a change in the credit risk of the Group </div><div class=\"t s6_202\" id=\"t2m_202\" style=\"left:65px;bottom:546px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">or counterparty. There was no cumulative ine\ufb00ectiveness in 2023 or 2022. </div><div class=\"t s6_202\" id=\"t2n_202\" style=\"left:65px;bottom:523px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Amounts recognised in the cash flow hedge reserves are analysed in note 29. </div><div class=\"t s4_202\" id=\"t2o_202\" style=\"left:65px;bottom:500px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Net investment hedges </div><div class=\"t s5_202\" id=\"t2p_202\" style=\"left:65px;bottom:485px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The Group designates the following as net investment hedges of its foreign operations, being the net assets of certain Group subsidiaries </div><div class=\"t s5_202\" id=\"t2q_202\" style=\"left:65px;bottom:470px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">with a US dollar functional currency: </div><div class=\"t s4_202\" id=\"t2r_202\" style=\"left:65px;bottom:447px;display:inline;\">\u2022 </div><div class=\"t s6_202\" id=\"t2s_202\" style=\"left:74px;bottom:447px;letter-spacing:-0.06px;word-spacing:-0.07px;display:inline;\">Borrowings under the RCF; </div><div class=\"t s4_202\" id=\"t2t_202\" style=\"left:65px;bottom:428px;display:inline;\">\u2022 </div><div class=\"t s5_202\" id=\"t2u_202\" style=\"left:74px;bottom:428px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">Long-dated currency forward contracts; and </div><div class=\"t s4_202\" id=\"t2v_202\" style=\"left:65px;bottom:408px;display:inline;\">\u2022 </div><div class=\"t s5_202\" id=\"t2w_202\" style=\"left:74px;bottom:408px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Certain short-dated foreign exchange swaps. </div><div class=\"t s5_202\" id=\"t2x_202\" style=\"left:65px;bottom:386px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">There is an economic relationship between the hedged item and the hedging instrument as the net investment creates a foreign exchange </div><div class=\"t s5_202\" id=\"t2y_202\" style=\"left:65px;bottom:370px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">risk that will match the foreign exchange risk on the US dollar borrowings or foreign exchange swaps or forwards. The hedge ratio is 1:1 </div><div class=\"t s5_202\" id=\"t2z_202\" style=\"left:65px;bottom:355px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">as the underlying risk of the hedging instrument is identical to the hedged risk component. Hedge e\ufb00ectiveness is assessed by comparing </div><div class=\"t s5_202\" id=\"t30_202\" style=\"left:65px;bottom:340px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">changes in the carrying amount of the hedging instrument that is attributable to a change in the spot rate with changes in the investment </div><div class=\"t s5_202\" id=\"t31_202\" style=\"left:65px;bottom:324px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">in the foreign operation due to movements in the spot rate. </div><div class=\"t s5_202\" id=\"t32_202\" style=\"left:65px;bottom:301px;letter-spacing:-0.11px;word-spacing:-0.09px;display:inline;\">The change in value of hedging instruments recognised in the currency translation reserve through other comprehensive income was a gain </div><div class=\"t s5_202\" id=\"t33_202\" style=\"left:65px;bottom:286px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">of $15m (2022: $6m loss). There was no ine\ufb00ectiveness recognised in the Group income statement during the current or prior year. </div><div class=\"t se_202\" id=\"t34_202\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t s4_202\" id=\"t35_202\" style=\"left:65px;bottom:31px;letter-spacing:0.1px;display:inline;\"></div><div></div><div class=\"t s2_203\" id=\"t3_203\" style=\"left:65px;bottom:1100px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Interest and foreign exchange risk sensitivities </div><div class=\"t s3_203\" id=\"t4_203\" style=\"left:65px;bottom:1084px;letter-spacing:-0.09px;word-spacing:-0.09px;display:inline;\">The following table shows the impact of a general strengthening in the US dollar against sterling and euro on the Group\u2019s pro</div><div class=\"t s4_203\" id=\"t5_203\" style=\"left:754px;bottom:1084px;letter-spacing:-0.05px;word-spacing:-0.14px;display:inline;\">fit or loss be</div><div class=\"t s3_203\" id=\"t6_203\" style=\"left:822px;bottom:1084px;letter-spacing:-0.16px;display:inline;\">fore </div><div class=\"t s3_203\" id=\"t7_203\" style=\"left:65px;bottom:1069px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">tax and net liabilities, and the impact of a rise in US dollar, euro and sterling interest rates on the Group\u2019s pro</div><div class=\"t s4_203\" id=\"t8_203\" style=\"left:664px;bottom:1069px;letter-spacing:-0.02px;word-spacing:-0.14px;display:inline;\">fit be</div><div class=\"t s3_203\" id=\"t9_203\" style=\"left:692px;bottom:1069px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">fore tax. The impact of the </div><div class=\"t s3_203\" id=\"ta_203\" style=\"left:65px;bottom:1054px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">strengthening in the euro against sterling on net liabilities is also shown, as this impacts the fair value of the currency swaps. </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_203\" id=\"tb_203\" style=\"left:686px;bottom:1033px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_203\" id=\"td_203\" style=\"left:753px;bottom:1033px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_203\" id=\"tf_203\" style=\"left:821px;bottom:1033px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_203\" id=\"tc_203\" style=\"left:695px;bottom:1022px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_203\" id=\"te_203\" style=\"left:761px;bottom:1022px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_203\" id=\"tg_203\" style=\"left:827px;bottom:1022px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"th_203\" style=\"left:65px;bottom:1005px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">(Decrease)/increase in profit be</div><div class=\"t s8_203\" id=\"ti_203\" style=\"left:225px;bottom:1005px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">fore tax </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"tj_203\" style=\"left:65px;bottom:989px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Sterling: US dollar exchange rate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"tk_203\" style=\"left:329px;bottom:989px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">$0.05 fall </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"tl_203\" style=\"left:694px;bottom:989px;letter-spacing:-0.39px;display:inline;\">(14) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"tm_203\" style=\"left:766px;bottom:989px;letter-spacing:-0.4px;display:inline;\">(3) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"tn_203\" style=\"left:836px;bottom:989px;display:inline;\">7 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"to_203\" style=\"left:65px;bottom:972px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">Euro: US dollar exchange rate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"tp_203\" style=\"left:329px;bottom:972px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">$0.05 fall </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"tq_203\" style=\"left:699px;bottom:972px;letter-spacing:-0.42px;display:inline;\">(3) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"tr_203\" style=\"left:770px;bottom:972px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"ts_203\" style=\"left:836px;bottom:972px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"tt_203\" style=\"left:65px;bottom:955px;letter-spacing:-0.23px;word-spacing:-0.11px;display:inline;\">US dollar interest rates </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"tu_203\" style=\"left:329px;bottom:955px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">1% increase </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"tv_203\" style=\"left:703px;bottom:955px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"tw_203\" style=\"left:769px;bottom:955px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"tx_203\" style=\"left:836px;bottom:955px;display:inline;\">7 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"ty_203\" style=\"left:65px;bottom:939px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Sterling interest rates </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"tz_203\" style=\"left:329px;bottom:939px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">1% increase </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t10_203\" style=\"left:702px;bottom:939px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t11_203\" style=\"left:769px;bottom:939px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t12_203\" style=\"left:835px;bottom:939px;display:inline;\">5 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t13_203\" style=\"left:65px;bottom:921px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">(Increase)/decrease in net liabilities </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t14_203\" style=\"left:65px;bottom:904px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Sterling: US dollar exchange rate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t15_203\" style=\"left:329px;bottom:904px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">$0.05 fall </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t16_203\" style=\"left:695px;bottom:904px;letter-spacing:-0.32px;display:inline;\">(12) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t17_203\" style=\"left:764px;bottom:904px;letter-spacing:-0.16px;display:inline;\">27 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t18_203\" style=\"left:829px;bottom:904px;letter-spacing:-0.17px;display:inline;\">29 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t19_203\" style=\"left:65px;bottom:888px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">Euro: US dollar exchange rate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t1a_203\" style=\"left:329px;bottom:888px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">$0.05 fall </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t1b_203\" style=\"left:695px;bottom:888px;letter-spacing:-0.17px;display:inline;\">49 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t1c_203\" style=\"left:762px;bottom:888px;letter-spacing:-0.24px;display:inline;\">50 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t1d_203\" style=\"left:828px;bottom:888px;letter-spacing:-0.24px;display:inline;\">50 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t1e_203\" style=\"left:65px;bottom:871px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">Sterling: euro exchange rate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t1f_203\" style=\"left:329px;bottom:871px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">\u20ac0.05 fall </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t1g_203\" style=\"left:695px;bottom:871px;letter-spacing:-0.13px;display:inline;\">64 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t1h_203\" style=\"left:761px;bottom:871px;letter-spacing:-0.14px;display:inline;\">60 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t1i_203\" style=\"left:829px;bottom:871px;letter-spacing:-0.22px;display:inline;\">67 </div></td></tr></table>\n<div class=\"t s3_203\" id=\"t1j_203\" style=\"left:65px;bottom:839px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Interest rate sensitivity relates to cash balances and would only be realised to the extent deposit rates increase by 1%. </div><div class=\"t s3_203\" id=\"t1k_203\" style=\"left:65px;bottom:816px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Interest rate sensitivities include the impact of hedging and are calculated based on the year-end net debt position. </div><div class=\"t sa_203\" id=\"t1l_203\" style=\"left:65px;bottom:793px;letter-spacing:-0.02px;word-spacing:-0.13px;display:inline;\">Liquidity risk </div><div class=\"t s3_203\" id=\"t1m_203\" style=\"left:65px;bottom:778px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Group policy ensures su\ufb00icient liquidity is maintained to meet all foreseeable medium-term cash requirements and provide headroom </div><div class=\"t s3_203\" id=\"t1n_203\" style=\"left:65px;bottom:763px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">against unforeseen obligations. </div><div class=\"t s3_203\" id=\"t1o_203\" style=\"left:65px;bottom:740px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Cash and cash equivalents are held in short-term deposits, repurchase agreements and cash funds which allow daily withdrawals of cash. </div><div class=\"t s3_203\" id=\"t1p_203\" style=\"left:65px;bottom:724px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Most of the Group\u2019s funds are held in the UK or US, although $30m (2022: $24m) is held in countries where repatriation is restricted </div><div class=\"t s3_203\" id=\"t1q_203\" style=\"left:65px;bottom:709px;letter-spacing:-0.13px;word-spacing:-0.02px;display:inline;\">(see note 18). </div><div class=\"t s3_203\" id=\"t1r_203\" style=\"left:65px;bottom:686px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Medium- and long-term borrowing requirements are met through committed bank facilities and bonds as detailed in note 22. </div><div class=\"t s4_203\" id=\"t1s_203\" style=\"left:65px;bottom:663px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">The RCF contains two financial covenants: interest cover (Covenant EBITDA: Covenant interest payable) and a leverage ratio (Covenant net </div><div class=\"t s3_203\" id=\"t1t_203\" style=\"left:65px;bottom:648px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">debt: Covenant EBITDA). These are tested at half year and full year on a trailing 12-month basis. </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_203\" id=\"t1u_203\" style=\"left:648px;bottom:631px;letter-spacing:0.12px;word-spacing:-0.21px;display:inline;\">31 December </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_203\" id=\"t1w_203\" style=\"left:784px;bottom:631px;letter-spacing:0.12px;word-spacing:-0.21px;display:inline;\">31 December </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_203\" id=\"t1v_203\" style=\"left:640px;bottom:620px;letter-spacing:0.1px;word-spacing:-0.19px;display:inline;\">2023 and 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_203\" id=\"t1x_203\" style=\"left:820px;bottom:620px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_203\" id=\"t1y_203\" style=\"left:65px;bottom:603px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Covenant test levels for RCF </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t1z_203\" style=\"left:65px;bottom:587px;letter-spacing:-0.24px;display:inline;\">Leverage </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t20_203\" style=\"left:677px;bottom:587px;letter-spacing:-0.24px;display:inline;\">&lt;4.0x </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t21_203\" style=\"left:806px;bottom:587px;letter-spacing:-0.26px;display:inline;\">waived </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t22_203\" style=\"left:65px;bottom:570px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Interest cover </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t23_203\" style=\"left:679px;bottom:570px;letter-spacing:-0.29px;display:inline;\">&gt;3.5x </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t24_203\" style=\"left:806px;bottom:570px;letter-spacing:-0.26px;display:inline;\">waived </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t25_203\" style=\"left:65px;bottom:553px;letter-spacing:-0.19px;display:inline;\">Liquidity </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t26_203\" style=\"left:690px;bottom:553px;letter-spacing:-0.49px;display:inline;\">n/a </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s9_203\" id=\"t27_203\" style=\"left:803px;bottom:553px;letter-spacing:-0.14px;display:inline;\">$400m </div><div class=\"t sb_203\" id=\"t28_203\" style=\"vertical-align: super;left:841px;bottom:560px;display:inline;\">a </div></td></tr></table>\n<div class=\"t sc_203\" id=\"t29_203\" style=\"left:65px;bottom:531px;display:inline;\">a </div><div class=\"t sd_203\" id=\"t2a_203\" style=\"left:74px;bottom:527px;letter-spacing:0.05px;word-spacing:-0.15px;display:inline;\">Defined as unrestricted cash and cash equivalents (net o</div><div class=\"t s6_203\" id=\"t2b_203\" style=\"left:313px;bottom:527px;letter-spacing:0.02px;word-spacing:-0.13px;display:inline;\">f bank overdrafts) plus undrawn facilities with a remaining term of at least six months. </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_203\" id=\"t2c_203\" style=\"left:686px;bottom:492px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_203\" id=\"t2d_203\" style=\"left:753px;bottom:492px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s6_203\" id=\"t2e_203\" style=\"left:820px;bottom:492px;letter-spacing:0.16px;display:inline;\">2021 </div><div class=\"t se_203\" id=\"t2f_203\" style=\"vertical-align: super;left:841px;bottom:498px;display:inline;\">a </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t2g_203\" style=\"left:65px;bottom:473px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">Covenant measures </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2h_203\" style=\"left:65px;bottom:454px;letter-spacing:-0.28px;word-spacing:-0.1px;display:inline;\">Covenant EBITDA ($m) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t2i_203\" style=\"left:680px;bottom:454px;letter-spacing:-0.27px;display:inline;\">1,086 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2j_203\" style=\"left:755px;bottom:454px;letter-spacing:-0.09px;display:inline;\">896 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2k_203\" style=\"left:823px;bottom:454px;letter-spacing:-0.12px;display:inline;\">601 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2l_203\" style=\"left:65px;bottom:437px;letter-spacing:-0.27px;word-spacing:-0.1px;display:inline;\">Covenant net debt ($m) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t2m_203\" style=\"left:679px;bottom:437px;letter-spacing:-0.17px;display:inline;\">2,328 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2n_203\" style=\"left:748px;bottom:437px;letter-spacing:-0.17px;display:inline;\">1,898 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2o_203\" style=\"left:816px;bottom:437px;letter-spacing:-0.17px;display:inline;\">1,801 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2p_203\" style=\"left:65px;bottom:419px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">Covenant interest payable ($m) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t2q_203\" style=\"left:695px;bottom:419px;letter-spacing:-0.16px;display:inline;\">88 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2r_203\" style=\"left:757px;bottom:419px;letter-spacing:-0.16px;display:inline;\">109 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2s_203\" style=\"left:824px;bottom:419px;letter-spacing:-0.17px;display:inline;\">133 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2t_203\" style=\"left:65px;bottom:402px;letter-spacing:-0.24px;display:inline;\">Leverage </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t2u_203\" style=\"left:688px;bottom:402px;letter-spacing:-0.3px;display:inline;\">2.14 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2v_203\" style=\"left:757px;bottom:402px;letter-spacing:-0.33px;display:inline;\">2.12 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2w_203\" style=\"left:817px;bottom:402px;letter-spacing:-0.21px;display:inline;\">3.00 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2x_203\" style=\"left:65px;bottom:384px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Interest cover </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t2y_203\" style=\"left:681px;bottom:384px;letter-spacing:-0.12px;display:inline;\">12.34 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2z_203\" style=\"left:753px;bottom:384px;letter-spacing:-0.03px;display:inline;\">8.22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t30_203\" style=\"left:820px;bottom:384px;letter-spacing:-0.2px;display:inline;\">4.52 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t31_203\" style=\"left:65px;bottom:367px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Liquidity ($m) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t32_203\" style=\"left:692px;bottom:367px;letter-spacing:-0.49px;display:inline;\">n/a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t33_203\" style=\"left:759px;bottom:367px;letter-spacing:-0.46px;display:inline;\">n/a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t34_203\" style=\"left:813px;bottom:367px;letter-spacing:-0.17px;display:inline;\">2,655 </div></td></tr></table>\n<div class=\"t sc_203\" id=\"t35_203\" style=\"left:65px;bottom:345px;display:inline;\">a </div><div class=\"t s6_203\" id=\"t36_203\" style=\"left:74px;bottom:341px;letter-spacing:0.04px;word-spacing:-0.14px;display:inline;\">At 31 December 2021, the leverage and interest covenants under the previous facilities were waived and replaced with a liquidity requirement of $400m. </div><div class=\"t s3_203\" id=\"t37_203\" style=\"left:65px;bottom:309px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">The interest margin payable on the RCF is linked to the Group\u2019s credit rating and is currently 0.60%. </div><div class=\"t s2_203\" id=\"t38_203\" style=\"left:65px;bottom:31px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\"> </div><div class=\"t m0_203 sf_203\" id=\"t39_203\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t s2_203\" id=\"t3a_203\" style=\"left:825px;bottom:31px;letter-spacing:0.05px;display:inline;\"></div><div></div><div class=\"t s4_204\" id=\"t5_204\" style=\"left:65px;bottom:1100px;letter-spacing:-0.12px;word-spacing:-0.09px;display:inline;\">The following are the undiscounted contractual cash </div><div class=\"t s5_204\" id=\"t6_204\" style=\"left:358px;bottom:1100px;letter-spacing:-0.12px;word-spacing:-0.08px;display:inline;\">flows o</div><div class=\"t s4_204\" id=\"t7_204\" style=\"left:397px;bottom:1100px;display:inline;\">f </div><div class=\"t s5_204\" id=\"t8_204\" style=\"left:404px;bottom:1100px;letter-spacing:-0.14px;word-spacing:-0.07px;display:inline;\">financial liabilities, including interest payments. Liabilities relating to the Group\u2019s </div><div class=\"t s4_204\" id=\"t9_204\" style=\"left:65px;bottom:1084px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">deferred compensation plan are excluded; their settlement is funded entirely by the realisation of the related deferred compensation plan </div><div class=\"t s5_204\" id=\"ta_204\" style=\"left:65px;bottom:1069px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">investments and no net cash flow arises. </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"tf_204\" style=\"left:604px;bottom:1048px;letter-spacing:0.12px;display:inline;\">Between </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"tj_204\" style=\"left:670px;bottom:1048px;letter-spacing:0.12px;display:inline;\">Between </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"tc_204\" style=\"left:535px;bottom:1037px;letter-spacing:0.09px;word-spacing:-0.2px;display:inline;\">Less than </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"tg_204\" style=\"left:613px;bottom:1037px;letter-spacing:-0.01px;word-spacing:-0.11px;display:inline;\">1 and 2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"tk_204\" style=\"left:678px;bottom:1037px;word-spacing:-0.11px;display:inline;\">2 and 5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"tn_204\" style=\"left:730px;bottom:1037px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">More than </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"td_204\" style=\"left:552px;bottom:1027px;word-spacing:-0.12px;display:inline;\">1 year </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"th_204\" style=\"left:619px;bottom:1027px;letter-spacing:0.06px;display:inline;\">years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"tl_204\" style=\"left:685px;bottom:1027px;letter-spacing:0.06px;display:inline;\">years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"to_204\" style=\"left:744px;bottom:1027px;letter-spacing:0.02px;word-spacing:-0.13px;display:inline;\">5 years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"tq_204\" style=\"left:819px;bottom:1027px;letter-spacing:-0.08px;display:inline;\">Total </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_204\" id=\"tb_204\" style=\"left:65px;bottom:1016px;letter-spacing:0.11px;word-spacing:-0.2px;display:inline;\">31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"te_204\" style=\"left:562px;bottom:1016px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"ti_204\" style=\"left:629px;bottom:1016px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"tm_204\" style=\"left:695px;bottom:1016px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"tp_204\" style=\"left:761px;bottom:1016px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"tr_204\" style=\"left:827px;bottom:1016px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"ts_204\" style=\"left:65px;bottom:999px;letter-spacing:-0.2px;word-spacing:-0.14px;display:inline;\">Non-derivative financial liabilities: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"tt_204\" style=\"left:73px;bottom:982px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Bank overdrafts </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"tu_204\" style=\"left:563px;bottom:982px;letter-spacing:-0.06px;display:inline;\">44 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"tv_204\" style=\"left:637px;bottom:982px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"tw_204\" style=\"left:703px;bottom:982px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"tx_204\" style=\"left:769px;bottom:982px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"ty_204\" style=\"left:827px;bottom:982px;letter-spacing:-0.06px;display:inline;\">44 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"tz_204\" style=\"left:73px;bottom:966px;letter-spacing:-0.23px;word-spacing:-0.15px;display:inline;\">\u20ac500m 1.625% bonds 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t10_204\" style=\"left:556px;bottom:966px;letter-spacing:-0.19px;display:inline;\">563 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t11_204\" style=\"left:637px;bottom:966px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t12_204\" style=\"left:703px;bottom:966px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t13_204\" style=\"left:769px;bottom:966px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t14_204\" style=\"left:821px;bottom:966px;letter-spacing:-0.19px;display:inline;\">563 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t15_204\" style=\"left:73px;bottom:949px;letter-spacing:-0.22px;word-spacing:-0.16px;display:inline;\">\u00a3300m 3.75% bonds 2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t16_204\" style=\"left:565px;bottom:949px;letter-spacing:-0.36px;display:inline;\">14 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t17_204\" style=\"left:623px;bottom:949px;letter-spacing:-0.23px;display:inline;\">397 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t18_204\" style=\"left:703px;bottom:949px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t19_204\" style=\"left:769px;bottom:949px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1a_204\" style=\"left:825px;bottom:949px;letter-spacing:-0.36px;display:inline;\">411 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t1b_204\" style=\"left:73px;bottom:933px;letter-spacing:-0.24px;word-spacing:-0.14px;display:inline;\">\u00a3350m 2.125% bonds 2026 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1c_204\" style=\"left:570px;bottom:933px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1d_204\" style=\"left:636px;bottom:933px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1e_204\" style=\"left:688px;bottom:933px;letter-spacing:-0.16px;display:inline;\">456 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1f_204\" style=\"left:769px;bottom:933px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1g_204\" style=\"left:822px;bottom:933px;letter-spacing:-0.66px;display:inline;\">474 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t1h_204\" style=\"left:73px;bottom:916px;letter-spacing:-0.24px;word-spacing:-0.15px;display:inline;\">\u20ac500m 2.125% bonds 2027 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1i_204\" style=\"left:566px;bottom:916px;letter-spacing:-0.25px;display:inline;\">12 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1j_204\" style=\"left:632px;bottom:916px;letter-spacing:-0.25px;display:inline;\">12 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1k_204\" style=\"left:690px;bottom:916px;letter-spacing:-0.16px;display:inline;\">577 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1l_204\" style=\"left:769px;bottom:916px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1m_204\" style=\"left:822px;bottom:916px;letter-spacing:-0.18px;display:inline;\">601 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t1n_204\" style=\"left:73px;bottom:900px;letter-spacing:-0.21px;word-spacing:-0.18px;display:inline;\">\u00a3400m 3.375% bonds 2028 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1o_204\" style=\"left:566px;bottom:900px;letter-spacing:-0.34px;display:inline;\">17 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1p_204\" style=\"left:632px;bottom:900px;letter-spacing:-0.34px;display:inline;\">17 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1q_204\" style=\"left:691px;bottom:900px;letter-spacing:-0.2px;display:inline;\">561 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1r_204\" style=\"left:769px;bottom:900px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1s_204\" style=\"left:821px;bottom:900px;letter-spacing:-0.19px;display:inline;\">595 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t1t_204\" style=\"left:73px;bottom:883px;letter-spacing:-0.21px;word-spacing:-0.18px;display:inline;\">\u20ac600m 4.375% bonds 2029 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1u_204\" style=\"left:563px;bottom:883px;letter-spacing:-0.12px;display:inline;\">29 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1v_204\" style=\"left:629px;bottom:883px;letter-spacing:-0.12px;display:inline;\">29 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1w_204\" style=\"left:696px;bottom:883px;letter-spacing:-0.26px;display:inline;\">87 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1x_204\" style=\"left:754px;bottom:883px;letter-spacing:-0.2px;display:inline;\">694 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1y_204\" style=\"left:820px;bottom:883px;letter-spacing:-0.16px;display:inline;\">839 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t1z_204\" style=\"left:73px;bottom:866px;letter-spacing:-0.19px;word-spacing:-0.14px;display:inline;\">Lease liabilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t20_204\" style=\"left:564px;bottom:866px;letter-spacing:-0.34px;display:inline;\">57 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t21_204\" style=\"left:630px;bottom:866px;letter-spacing:-0.37px;display:inline;\">52 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t22_204\" style=\"left:690px;bottom:866px;letter-spacing:-0.24px;display:inline;\">130 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t23_204\" style=\"left:747px;bottom:866px;letter-spacing:-0.32px;display:inline;\">3,164 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t24_204\" style=\"left:810px;bottom:866px;letter-spacing:-0.22px;display:inline;\">3,403 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t25_204\" style=\"left:73px;bottom:850px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Trade and other payables (excluding deferred and contingent purchase consideration) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t26_204\" style=\"left:559px;bottom:850px;letter-spacing:-0.23px;display:inline;\">651 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t27_204\" style=\"left:638px;bottom:850px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t28_204\" style=\"left:702px;bottom:850px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t29_204\" style=\"left:768px;bottom:850px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2a_204\" style=\"left:821px;bottom:850px;letter-spacing:-0.23px;display:inline;\">657 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t2b_204\" style=\"left:73px;bottom:833px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Deferred and contingent purchase consideration </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2c_204\" style=\"left:565px;bottom:833px;letter-spacing:-0.26px;display:inline;\">13 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2d_204\" style=\"left:637px;bottom:833px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2e_204\" style=\"left:697px;bottom:833px;letter-spacing:-0.25px;display:inline;\">81 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2f_204\" style=\"left:769px;bottom:833px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2g_204\" style=\"left:827px;bottom:833px;letter-spacing:-0.23px;display:inline;\">94 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t2h_204\" style=\"left:73px;bottom:817px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Financial guarantee contracts </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2i_204\" style=\"left:563px;bottom:817px;letter-spacing:-0.26px;display:inline;\">50 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2j_204\" style=\"left:637px;bottom:817px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2k_204\" style=\"left:703px;bottom:817px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2l_204\" style=\"left:769px;bottom:817px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2m_204\" style=\"left:827px;bottom:817px;letter-spacing:-0.26px;display:inline;\">50 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t2n_204\" style=\"left:65px;bottom:800px;letter-spacing:-0.21px;word-spacing:-0.12px;display:inline;\">Derivative financial liabilities: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t2o_204\" style=\"left:73px;bottom:783px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Currency swaps hedging \u20ac500m 1.625% bonds 2024 outflows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2p_204\" style=\"left:556px;bottom:783px;letter-spacing:-0.23px;display:inline;\">594 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2q_204\" style=\"left:637px;bottom:783px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2r_204\" style=\"left:703px;bottom:783px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2s_204\" style=\"left:769px;bottom:783px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2t_204\" style=\"left:820px;bottom:783px;letter-spacing:-0.23px;display:inline;\">594 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t2u_204\" style=\"left:73px;bottom:767px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Currency swaps hedging \u20ac500m 1.625% bonds 2024 inflows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2v_204\" style=\"left:553px;bottom:767px;letter-spacing:-0.27px;display:inline;\">(563) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2w_204\" style=\"left:637px;bottom:767px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2x_204\" style=\"left:703px;bottom:767px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2y_204\" style=\"left:769px;bottom:767px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2z_204\" style=\"left:817px;bottom:767px;letter-spacing:-0.27px;display:inline;\">(563) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t30_204\" style=\"left:73px;bottom:750px;letter-spacing:-0.24px;word-spacing:-0.14px;display:inline;\">Currency swaps hedging \u20ac500m 2.125% bonds 2027 outflows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t31_204\" style=\"left:565px;bottom:750px;letter-spacing:-0.19px;display:inline;\">19 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t32_204\" style=\"left:631px;bottom:750px;letter-spacing:-0.19px;display:inline;\">19 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t33_204\" style=\"left:689px;bottom:750px;letter-spacing:-0.16px;display:inline;\">585 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t34_204\" style=\"left:769px;bottom:750px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t35_204\" style=\"left:821px;bottom:750px;letter-spacing:-0.22px;display:inline;\">623 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t36_204\" style=\"left:73px;bottom:734px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Currency swaps hedging \u20ac500m 2.125% bonds 2027 inflows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t37_204\" style=\"left:562px;bottom:734px;letter-spacing:-0.32px;display:inline;\">(12) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t38_204\" style=\"left:629px;bottom:734px;letter-spacing:-0.32px;display:inline;\">(12) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t39_204\" style=\"left:687px;bottom:734px;letter-spacing:-0.17px;display:inline;\">(577) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3a_204\" style=\"left:769px;bottom:734px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3b_204\" style=\"left:818px;bottom:734px;letter-spacing:-0.29px;display:inline;\">(601) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t3c_204\" style=\"left:73px;bottom:717px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Currency swaps hedging \u20ac600m 4.375% bonds 2029 outflows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3d_204\" style=\"left:562px;bottom:717px;letter-spacing:-0.19px;display:inline;\">40 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3e_204\" style=\"left:628px;bottom:717px;letter-spacing:-0.19px;display:inline;\">40 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3f_204\" style=\"left:693px;bottom:717px;letter-spacing:-0.25px;display:inline;\">119 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3g_204\" style=\"left:754px;bottom:717px;letter-spacing:-0.16px;display:inline;\">696 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3h_204\" style=\"left:820px;bottom:717px;letter-spacing:-0.16px;display:inline;\">895 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t3i_204\" style=\"left:73px;bottom:701px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Currency swaps hedging \u20ac600m 4.375% bonds 2029 inflows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3j_204\" style=\"left:560px;bottom:701px;letter-spacing:-0.25px;display:inline;\">(29) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3k_204\" style=\"left:626px;bottom:701px;letter-spacing:-0.25px;display:inline;\">(29) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3l_204\" style=\"left:692px;bottom:701px;letter-spacing:-0.24px;display:inline;\">(87) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3m_204\" style=\"left:751px;bottom:701px;letter-spacing:-0.31px;display:inline;\">(694) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3n_204\" style=\"left:817px;bottom:701px;letter-spacing:-0.28px;display:inline;\">(839) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t3o_204\" style=\"left:73px;bottom:684px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Forward currency contract 2028 inflows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3p_204\" style=\"left:571px;bottom:684px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3q_204\" style=\"left:637px;bottom:684px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3r_204\" style=\"left:685px;bottom:684px;letter-spacing:-0.29px;display:inline;\">(438) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3s_204\" style=\"left:769px;bottom:684px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3t_204\" style=\"left:817px;bottom:684px;letter-spacing:-0.29px;display:inline;\">(438) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t3u_204\" style=\"left:73px;bottom:665px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Forward currency contract 2028 outflows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3v_204\" style=\"left:571px;bottom:666px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3w_204\" style=\"left:637px;bottom:666px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3x_204\" style=\"left:689px;bottom:666px;letter-spacing:-0.23px;display:inline;\">425 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3y_204\" style=\"left:769px;bottom:666px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3z_204\" style=\"left:821px;bottom:666px;letter-spacing:-0.23px;display:inline;\">425 </div></td></tr></table><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t45_204\" style=\"left:605px;bottom:639px;letter-spacing:0.13px;display:inline;\">Between </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t49_204\" style=\"left:671px;bottom:639px;letter-spacing:0.13px;display:inline;\">Between </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t42_204\" style=\"left:537px;bottom:628px;letter-spacing:0.05px;word-spacing:-0.17px;display:inline;\">Less than </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t46_204\" style=\"left:614px;bottom:628px;letter-spacing:-0.03px;word-spacing:-0.09px;display:inline;\">1 and 2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t4a_204\" style=\"left:678px;bottom:628px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">2 and 5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t4d_204\" style=\"left:732px;bottom:628px;letter-spacing:0.04px;word-spacing:-0.14px;display:inline;\">More than </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t43_204\" style=\"left:553px;bottom:617px;letter-spacing:-0.01px;word-spacing:-0.11px;display:inline;\">1 year </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t47_204\" style=\"left:620px;bottom:617px;letter-spacing:0.05px;display:inline;\">years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t4b_204\" style=\"left:686px;bottom:617px;letter-spacing:0.05px;display:inline;\">years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t4e_204\" style=\"left:745px;bottom:617px;letter-spacing:0.01px;word-spacing:-0.13px;display:inline;\">5 years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t4g_204\" style=\"left:820px;bottom:617px;letter-spacing:-0.08px;display:inline;\">Total </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s6_204\" id=\"t40_204\" style=\"left:65px;bottom:607px;letter-spacing:0.12px;word-spacing:-0.21px;display:inline;\">31 December 2022 </div><div class=\"t sb_204\" id=\"t41_204\" style=\"vertical-align: super;left:148px;bottom:613px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t44_204\" style=\"left:563px;bottom:607px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t48_204\" style=\"left:629px;bottom:607px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t4c_204\" style=\"left:695px;bottom:607px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t4f_204\" style=\"left:761px;bottom:607px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t4h_204\" style=\"left:827px;bottom:607px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t4i_204\" style=\"left:65px;bottom:590px;letter-spacing:-0.2px;word-spacing:-0.14px;display:inline;\">Non-derivative financial liabilities: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4j_204\" style=\"left:73px;bottom:573px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Bank overdrafts </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4k_204\" style=\"left:564px;bottom:573px;letter-spacing:-0.13px;display:inline;\">55 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4l_204\" style=\"left:637px;bottom:573px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4m_204\" style=\"left:704px;bottom:573px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4n_204\" style=\"left:770px;bottom:573px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4o_204\" style=\"left:829px;bottom:573px;letter-spacing:-0.13px;display:inline;\">55 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4p_204\" style=\"left:73px;bottom:557px;letter-spacing:-0.23px;word-spacing:-0.15px;display:inline;\">\u20ac500m 1.625% bonds 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4q_204\" style=\"left:570px;bottom:557px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4r_204\" style=\"left:623px;bottom:557px;letter-spacing:-0.05px;display:inline;\">543 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4s_204\" style=\"left:704px;bottom:557px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4t_204\" style=\"left:770px;bottom:557px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4u_204\" style=\"left:823px;bottom:557px;letter-spacing:-0.26px;display:inline;\">552 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4v_204\" style=\"left:73px;bottom:540px;letter-spacing:-0.22px;word-spacing:-0.16px;display:inline;\">\u00a3300m 3.75% bonds 2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4w_204\" style=\"left:566px;bottom:540px;letter-spacing:-0.37px;display:inline;\">14 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4x_204\" style=\"left:632px;bottom:540px;letter-spacing:-0.37px;display:inline;\">14 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4y_204\" style=\"left:691px;bottom:540px;letter-spacing:-0.21px;display:inline;\">375 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4z_204\" style=\"left:770px;bottom:540px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t50_204\" style=\"left:821px;bottom:540px;letter-spacing:-0.15px;display:inline;\">403 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t51_204\" style=\"left:73px;bottom:523px;letter-spacing:-0.24px;word-spacing:-0.14px;display:inline;\">\u00a3350m 2.125% bonds 2026 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t52_204\" style=\"left:570px;bottom:523px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t53_204\" style=\"left:636px;bottom:523px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t54_204\" style=\"left:689px;bottom:523px;letter-spacing:-0.06px;display:inline;\">439 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t55_204\" style=\"left:770px;bottom:523px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t56_204\" style=\"left:823px;bottom:523px;letter-spacing:-0.12px;display:inline;\">457 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t57_204\" style=\"left:73px;bottom:507px;letter-spacing:-0.24px;word-spacing:-0.15px;display:inline;\">\u20ac500m 2.125% bonds 2027 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t58_204\" style=\"left:569px;bottom:507px;letter-spacing:-0.3px;display:inline;\">11 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t59_204\" style=\"left:635px;bottom:507px;letter-spacing:-0.3px;display:inline;\">11 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5a_204\" style=\"left:690px;bottom:507px;letter-spacing:-0.16px;display:inline;\">568 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5b_204\" style=\"left:770px;bottom:507px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5c_204\" style=\"left:821px;bottom:507px;letter-spacing:-0.15px;display:inline;\">590 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5d_204\" style=\"left:73px;bottom:490px;letter-spacing:-0.21px;word-spacing:-0.18px;display:inline;\">\u00a3400m 3.375% bonds 2028 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5e_204\" style=\"left:566px;bottom:490px;letter-spacing:-0.2px;display:inline;\">16 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5f_204\" style=\"left:632px;bottom:490px;letter-spacing:-0.2px;display:inline;\">16 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5g_204\" style=\"left:696px;bottom:490px;letter-spacing:-0.08px;display:inline;\">49 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5h_204\" style=\"left:755px;bottom:490px;letter-spacing:-0.1px;display:inline;\">498 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5i_204\" style=\"left:823px;bottom:490px;letter-spacing:-0.25px;display:inline;\">579 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5j_204\" style=\"left:73px;bottom:474px;letter-spacing:-0.19px;word-spacing:-0.14px;display:inline;\">Lease liabilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5k_204\" style=\"left:564px;bottom:474px;letter-spacing:-0.11px;display:inline;\">53 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5l_204\" style=\"left:630px;bottom:474px;letter-spacing:-0.24px;display:inline;\">50 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5m_204\" style=\"left:693px;bottom:474px;letter-spacing:-0.26px;display:inline;\">126 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5n_204\" style=\"left:748px;bottom:474px;letter-spacing:-0.15px;display:inline;\">3,201 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5o_204\" style=\"left:811px;bottom:474px;letter-spacing:-0.15px;display:inline;\">3,430 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5p_204\" style=\"left:73px;bottom:457px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Trade and other payables (excluding deferred and contingent purchase consideration) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5q_204\" style=\"left:556px;bottom:457px;letter-spacing:-0.13px;display:inline;\">660 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5r_204\" style=\"left:639px;bottom:457px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5s_204\" style=\"left:705px;bottom:457px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5t_204\" style=\"left:769px;bottom:457px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5u_204\" style=\"left:821px;bottom:457px;letter-spacing:-0.1px;display:inline;\">664 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5v_204\" style=\"left:73px;bottom:441px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Deferred and contingent purchase consideration </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5w_204\" style=\"left:571px;bottom:441px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5x_204\" style=\"left:632px;bottom:441px;letter-spacing:-0.25px;display:inline;\">13 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5y_204\" style=\"left:696px;bottom:441px;letter-spacing:-0.13px;display:inline;\">39 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5z_204\" style=\"left:763px;bottom:441px;letter-spacing:-0.27px;display:inline;\">42 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t60_204\" style=\"left:828px;bottom:441px;letter-spacing:-0.2px;display:inline;\">94 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t61_204\" style=\"left:73px;bottom:424px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Financial guarantee contracts </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t62_204\" style=\"left:563px;bottom:424px;letter-spacing:-0.24px;display:inline;\">50 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t63_204\" style=\"left:637px;bottom:424px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t64_204\" style=\"left:703px;bottom:424px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t65_204\" style=\"left:770px;bottom:424px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t66_204\" style=\"left:828px;bottom:424px;letter-spacing:-0.24px;display:inline;\">50 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t67_204\" style=\"left:65px;bottom:407px;letter-spacing:-0.21px;word-spacing:-0.12px;display:inline;\">Derivative financial liabilities: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t68_204\" style=\"left:73px;bottom:391px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Currency swaps hedging \u20ac500m 1.625% bonds 2024 outflows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t69_204\" style=\"left:566px;bottom:391px;letter-spacing:-0.37px;display:inline;\">14 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6a_204\" style=\"left:626px;bottom:391px;letter-spacing:-0.14px;display:inline;\">561 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6b_204\" style=\"left:703px;bottom:391px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6c_204\" style=\"left:769px;bottom:391px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6d_204\" style=\"left:823px;bottom:391px;letter-spacing:-0.19px;display:inline;\">575 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t6e_204\" style=\"left:73px;bottom:374px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Currency swaps hedging \u20ac500m 1.625% bonds 2024 inflows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6f_204\" style=\"left:567px;bottom:374px;letter-spacing:-0.36px;display:inline;\">(9) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6g_204\" style=\"left:620px;bottom:374px;letter-spacing:-0.18px;display:inline;\">(543) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6h_204\" style=\"left:703px;bottom:374px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6i_204\" style=\"left:769px;bottom:374px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6j_204\" style=\"left:820px;bottom:374px;letter-spacing:-0.28px;display:inline;\">(552) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t6k_204\" style=\"left:73px;bottom:358px;letter-spacing:-0.24px;word-spacing:-0.14px;display:inline;\">Currency swaps hedging \u20ac500m 2.125% bonds 2027 outflows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6l_204\" style=\"left:566px;bottom:358px;letter-spacing:-0.23px;display:inline;\">18 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6m_204\" style=\"left:632px;bottom:358px;letter-spacing:-0.23px;display:inline;\">18 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6n_204\" style=\"left:693px;bottom:358px;letter-spacing:-0.13px;display:inline;\">571 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6o_204\" style=\"left:769px;bottom:358px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6p_204\" style=\"left:822px;bottom:358px;letter-spacing:-0.27px;display:inline;\">607 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t6q_204\" style=\"left:73px;bottom:341px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Currency swaps hedging \u20ac500m 2.125% bonds 2027 inflows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6r_204\" style=\"left:565px;bottom:341px;letter-spacing:-0.33px;display:inline;\">(11) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6s_204\" style=\"left:632px;bottom:341px;letter-spacing:-0.33px;display:inline;\">(11) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6t_204\" style=\"left:686px;bottom:341px;letter-spacing:-0.23px;display:inline;\">(568) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6u_204\" style=\"left:769px;bottom:341px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6v_204\" style=\"left:818px;bottom:341px;letter-spacing:-0.23px;display:inline;\">(590) </div></td></tr></table>\n<div class=\"t sd_204\" id=\"t6w_204\" style=\"left:65px;bottom:319px;display:inline;\">a </div><div class=\"t sc_204\" id=\"t6x_204\" style=\"left:74px;bottom:315px;letter-spacing:0.04px;word-spacing:-0.15px;display:inline;\">Re-presented for the application of IFRS 9 \u2018Financial Instruments\u2019 to </div><div class=\"t se_204\" id=\"t6y_204\" style=\"left:362px;bottom:315px;letter-spacing:0.05px;word-spacing:-0.16px;display:inline;\">financial guarantee contracts. </div><div class=\"t sf_204\" id=\"t6z_204\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t sg_204\" id=\"t70_204\" style=\"left:65px;bottom:31px;letter-spacing:0.04px;display:inline;\"></div><div></div><div class=\"t s2_205\" id=\"t3_205\" style=\"left:65px;bottom:1100px;letter-spacing:-0.01px;word-spacing:-0.14px;display:inline;\">Credit risk </div><div class=\"t s3_205\" id=\"t4_205\" style=\"left:65px;bottom:1084px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Credit risk on cash and cash equivalents is minimised by operating a policy on the investment of surplus cash that generally restricts </div><div class=\"t s3_205\" id=\"t5_205\" style=\"left:65px;bottom:1069px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">counterparties to those with a BBB- credit rating or better or those providing adequate security. The Group uses long-term credit ratings </div><div class=\"t s3_205\" id=\"t6_205\" style=\"left:65px;bottom:1054px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">from S&amp;P, Moody\u2019s and Fitch Ratings as a basis for setting its counterparty limits. </div><div class=\"t s3_205\" id=\"t7_205\" style=\"left:65px;bottom:1031px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">In order to manage the Group\u2019s credit risk exposure, the treasury function sets counterparty exposure limits using metrics including credit </div><div class=\"t s3_205\" id=\"t8_205\" style=\"left:65px;bottom:1016px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">ratings, the relative placing of credit default swap pricings, tier 1 capital and share price volatility of the relevant counterparty. </div><div class=\"t s3_205\" id=\"t9_205\" style=\"left:65px;bottom:993px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Repurchase agreements are fully collateralised investments, with a maturity of three months or less. The Group accepts only government </div><div class=\"t s3_205\" id=\"ta_205\" style=\"left:65px;bottom:977px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">or supranational bonds where the lowest credit rating is AA- or better as collateral. In the event of default, ownership of these securities </div><div class=\"t s3_205\" id=\"tb_205\" style=\"left:65px;bottom:962px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">would revert to the Group. The securities held as collateral are to protect against default by the counterparty. </div><div class=\"t s3_205\" id=\"tc_205\" style=\"left:65px;bottom:939px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">The Group\u2019s exposure to credit risk arises from default of the counterparty, with the maximum exposure equal to the carrying amount </div><div class=\"t s3_205\" id=\"td_205\" style=\"left:65px;bottom:924px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">of each </div><div class=\"t s4_205\" id=\"te_205\" style=\"left:109px;bottom:924px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">financial asset, including derivative financial instruments. The expected credit loss on cash and cash equivalents is considered </div><div class=\"t s3_205\" id=\"tf_205\" style=\"left:65px;bottom:909px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">to be immaterial. </div><div class=\"t s3_205\" id=\"tg_205\" style=\"left:65px;bottom:886px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The table below analyses the Group\u2019s short-term deposits, money market funds and repurchase agreement collateral classi</div><div class=\"t s4_205\" id=\"th_205\" style=\"left:749px;bottom:886px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">fied as cash and </div><div class=\"t s3_205\" id=\"ti_205\" style=\"left:65px;bottom:871px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">cash equivalents by counterparty credit rating: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"ty_205\" style=\"left:733px;bottom:853px;letter-spacing:0.1px;word-spacing:-0.2px;display:inline;\">BBB+ and </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"tk_205\" style=\"left:292px;bottom:843px;letter-spacing:0.29px;display:inline;\">AAA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"tm_205\" style=\"left:361px;bottom:843px;letter-spacing:0.08px;display:inline;\">AA+ </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"to_205\" style=\"left:431px;bottom:843px;letter-spacing:0.29px;display:inline;\">AA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"tq_205\" style=\"left:494px;bottom:843px;letter-spacing:0.15px;display:inline;\">AA\u2011 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"ts_205\" style=\"left:565px;bottom:843px;letter-spacing:-0.12px;display:inline;\">A+ </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"tu_205\" style=\"left:636px;bottom:843px;display:inline;\">A </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"tw_205\" style=\"left:699px;bottom:843px;letter-spacing:0.03px;display:inline;\">A\u2011 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"tz_205\" style=\"left:748px;bottom:843px;letter-spacing:0.11px;display:inline;\">below </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"t11_205\" style=\"left:819px;bottom:843px;letter-spacing:-0.08px;display:inline;\">Total </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_205\" id=\"tj_205\" style=\"left:65px;bottom:832px;letter-spacing:0.11px;word-spacing:-0.2px;display:inline;\">31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"tl_205\" style=\"left:298px;bottom:832px;letter-spacing:0.2px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"tn_205\" style=\"left:364px;bottom:832px;letter-spacing:0.2px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"tp_205\" style=\"left:430px;bottom:832px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"tr_205\" style=\"left:496px;bottom:832px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"tt_205\" style=\"left:562px;bottom:832px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"tv_205\" style=\"left:629px;bottom:832px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"tx_205\" style=\"left:695px;bottom:832px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"t10_205\" style=\"left:761px;bottom:832px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"t12_205\" style=\"left:827px;bottom:832px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t13_205\" style=\"left:65px;bottom:815px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Short-term deposits </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t14_205\" style=\"left:307px;bottom:815px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t15_205\" style=\"left:373px;bottom:815px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t16_205\" style=\"left:439px;bottom:815px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t17_205\" style=\"left:493px;bottom:815px;letter-spacing:-0.18px;display:inline;\">129 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t18_205\" style=\"left:560px;bottom:815px;letter-spacing:-0.42px;display:inline;\">147 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t19_205\" style=\"left:623px;bottom:815px;letter-spacing:-0.16px;display:inline;\">258 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1a_205\" style=\"left:697px;bottom:815px;letter-spacing:0.03px;display:inline;\">77 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1b_205\" style=\"left:764px;bottom:815px;letter-spacing:-0.15px;display:inline;\">21 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1c_205\" style=\"left:821px;bottom:815px;letter-spacing:-0.21px;display:inline;\">632 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t1d_205\" style=\"left:65px;bottom:798px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">Money market funds </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1e_205\" style=\"left:293px;bottom:798px;letter-spacing:-0.24px;display:inline;\">375 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1f_205\" style=\"left:373px;bottom:798px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1g_205\" style=\"left:439px;bottom:798px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1h_205\" style=\"left:505px;bottom:798px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1i_205\" style=\"left:571px;bottom:798px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1j_205\" style=\"left:637px;bottom:798px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1k_205\" style=\"left:703px;bottom:798px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1l_205\" style=\"left:769px;bottom:798px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1m_205\" style=\"left:822px;bottom:798px;letter-spacing:-0.24px;display:inline;\">375 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t1n_205\" style=\"left:65px;bottom:782px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Repurchase agreement collateral </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1o_205\" style=\"left:296px;bottom:782px;letter-spacing:-0.27px;display:inline;\">110 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1p_205\" style=\"left:372px;bottom:782px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1q_205\" style=\"left:439px;bottom:782px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1r_205\" style=\"left:497px;bottom:782px;letter-spacing:-0.2px;display:inline;\">20 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1s_205\" style=\"left:571px;bottom:782px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1t_205\" style=\"left:637px;bottom:782px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1u_205\" style=\"left:703px;bottom:782px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1v_205\" style=\"left:769px;bottom:782px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1w_205\" style=\"left:823px;bottom:782px;letter-spacing:-0.23px;display:inline;\">136 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t2c_205\" style=\"left:735px;bottom:759px;letter-spacing:0.12px;word-spacing:-0.22px;display:inline;\">BBB+ and </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t1y_205\" style=\"left:294px;bottom:748px;letter-spacing:0.32px;display:inline;\">AAA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t20_205\" style=\"left:362px;bottom:748px;letter-spacing:0.11px;display:inline;\">AA+ </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t22_205\" style=\"left:432px;bottom:748px;letter-spacing:0.31px;display:inline;\">AA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t24_205\" style=\"left:495px;bottom:748px;letter-spacing:0.2px;display:inline;\">AA- </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t26_205\" style=\"left:566px;bottom:748px;letter-spacing:-0.08px;display:inline;\">A+ </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t28_205\" style=\"left:637px;bottom:748px;display:inline;\">A </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t2a_205\" style=\"left:700px;bottom:748px;letter-spacing:0.12px;display:inline;\">A- </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t2d_205\" style=\"left:749px;bottom:748px;letter-spacing:0.1px;display:inline;\">below </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t2f_205\" style=\"left:820px;bottom:748px;letter-spacing:-0.08px;display:inline;\">Total </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_205\" id=\"t1x_205\" style=\"left:65px;bottom:738px;letter-spacing:0.12px;word-spacing:-0.21px;display:inline;\">31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t1z_205\" style=\"left:299px;bottom:738px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t21_205\" style=\"left:365px;bottom:738px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t23_205\" style=\"left:431px;bottom:738px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t25_205\" style=\"left:497px;bottom:738px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t27_205\" style=\"left:563px;bottom:738px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t29_205\" style=\"left:629px;bottom:738px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t2b_205\" style=\"left:695px;bottom:738px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t2e_205\" style=\"left:761px;bottom:738px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t2g_205\" style=\"left:827px;bottom:738px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2h_205\" style=\"left:65px;bottom:721px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Short-term deposits </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2i_205\" style=\"left:307px;bottom:721px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2j_205\" style=\"left:373px;bottom:721px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2k_205\" style=\"left:439px;bottom:721px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2l_205\" style=\"left:498px;bottom:721px;letter-spacing:-0.1px;display:inline;\">66 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2m_205\" style=\"left:561px;bottom:721px;letter-spacing:-0.21px;display:inline;\">127 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2n_205\" style=\"left:628px;bottom:721px;letter-spacing:-0.35px;display:inline;\">141 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2o_205\" style=\"left:696px;bottom:721px;letter-spacing:-0.24px;display:inline;\">50 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2p_205\" style=\"left:763px;bottom:721px;letter-spacing:-0.29px;display:inline;\">37 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2q_205\" style=\"left:824px;bottom:721px;letter-spacing:-0.15px;display:inline;\">421 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2r_205\" style=\"left:65px;bottom:704px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">Money market funds </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2s_205\" style=\"left:292px;bottom:704px;letter-spacing:-0.13px;display:inline;\">360 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2t_205\" style=\"left:373px;bottom:704px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2u_205\" style=\"left:439px;bottom:704px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2v_205\" style=\"left:505px;bottom:704px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2w_205\" style=\"left:571px;bottom:704px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2x_205\" style=\"left:637px;bottom:704px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2y_205\" style=\"left:703px;bottom:704px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2z_205\" style=\"left:770px;bottom:704px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t30_205\" style=\"left:821px;bottom:704px;letter-spacing:-0.13px;display:inline;\">360 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t31_205\" style=\"left:65px;bottom:688px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Repurchase agreement collateral </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t32_205\" style=\"left:301px;bottom:688px;letter-spacing:0.03px;display:inline;\">22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t33_205\" style=\"left:373px;bottom:688px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t34_205\" style=\"left:438px;bottom:688px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t35_205\" style=\"left:505px;bottom:688px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t36_205\" style=\"left:571px;bottom:688px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t37_205\" style=\"left:637px;bottom:688px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t38_205\" style=\"left:703px;bottom:688px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t39_205\" style=\"left:769px;bottom:688px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t3a_205\" style=\"left:827px;bottom:688px;letter-spacing:-0.16px;display:inline;\">30 </div></td></tr></table>\n<div class=\"t s2_205\" id=\"t3b_205\" style=\"left:65px;bottom:655px;letter-spacing:0.03px;word-spacing:-0.16px;display:inline;\">Capital risk management </div><div class=\"t s3_205\" id=\"t3c_205\" style=\"left:65px;bottom:640px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The Group manages its capital to ensure that it will be able to continue as a going concern. The capital structure consists of net debt, issued </div><div class=\"t s3_205\" id=\"t3d_205\" style=\"left:65px;bottom:625px;letter-spacing:-0.08px;word-spacing:-0.08px;display:inline;\">share capital and reserves. The structure is managed with the objective of maintaining an investment grade credit rating, to provide ongoing </div><div class=\"t s4_205\" id=\"t3e_205\" style=\"left:65px;bottom:610px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">returns to shareholders and to service debt obligations, while maintaining maximum operational flexibility. A key characteristic o</div><div class=\"t s3_205\" id=\"t3f_205\" style=\"left:777px;bottom:610px;letter-spacing:-0.08px;word-spacing:-0.08px;display:inline;\">f IHG\u2019s </div><div class=\"t s3_205\" id=\"t3g_205\" style=\"left:65px;bottom:594px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">managed and franchised business model is that it is highly cash generative, with a high return on capital employed. Surplus cash is either </div><div class=\"t s3_205\" id=\"t3h_205\" style=\"left:65px;bottom:579px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">reinvested in the business, used to repay debt or returned to shareholders. </div><div class=\"t s3_205\" id=\"t3i_205\" style=\"left:65px;bottom:556px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">The Group\u2019s debt is monitored on the basis of a cash </div><div class=\"t s4_205\" id=\"t3j_205\" style=\"left:360px;bottom:556px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">flow leverage ratio, being net debt divided by adjusted EBITDA. The Group has a stated </div><div class=\"t s3_205\" id=\"t3k_205\" style=\"left:65px;bottom:541px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">aim of maintaining this ratio at 2.5x to 3.0x. The ratio at 31 December 2023 (which di\ufb00ers from the ratio as calculated for covenant tests) was </div><div class=\"t s3_205\" id=\"t3l_205\" style=\"left:65px;bottom:525px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">2.09 (2022: 2.07). </div><div class=\"t s3_205\" id=\"t3m_205\" style=\"left:65px;bottom:503px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The Group currently has a senior unsecured long-term credit rating of BBB from S&amp;P and obtained, in 2023, a Baa2 rating from Moody\u2019s. </div><div class=\"t s3_205\" id=\"t3n_205\" style=\"left:65px;bottom:487px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">In the event of either rating being downgraded below BBB- and Baa3 respectively (a downgrade of two levels) there would be an additional </div>step-up coupon of 1.25% payable on the bonds which are subject to those ratings.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f36484": {
   "value": "Market risk <div class=\"t s2_201\" id=\"t4r_201\" style=\"left:65px;bottom:400px;letter-spacing:-0.09px;word-spacing:-0.07px;display:inline;\">Market risk is the risk that the fair value or future cash </div><div class=\"t s3_201\" id=\"t4s_201\" style=\"left:363px;bottom:400px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">flows o</div><div class=\"t s2_201\" id=\"t4t_201\" style=\"left:402px;bottom:400px;letter-spacing:-0.18px;display:inline;\">f a </div><div class=\"t s3_201\" id=\"t4u_201\" style=\"left:418px;bottom:400px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">financial instrument will fluctuate because o</div><div class=\"t s2_201\" id=\"t4v_201\" style=\"left:663px;bottom:400px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">f changes in market prices. </div><div class=\"t s2_201\" id=\"t4w_201\" style=\"left:65px;bottom:385px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Market risk comprises: foreign exchange risk and interest rate risk. Financial instruments a\ufb00ected by market risk include loans and other </div><div class=\"t s2_201\" id=\"t4x_201\" style=\"left:65px;bottom:369px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">borrowings, cash and cash equivalents, debt and equity investments and derivatives. </div><div class=\"t sd_201\" id=\"t4y_201\" style=\"left:65px;bottom:346px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">Foreign exchange risk </div><div class=\"t s2_201\" id=\"t4z_201\" style=\"left:65px;bottom:331px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">Movements in foreign exchange rates can a\ufb00ect the Group\u2019s reported pro</div><div class=\"t s3_201\" id=\"t50_201\" style=\"left:475px;bottom:331px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">fit or loss, net liabilities and its interest cover. The most significant </div><div class=\"t s2_201\" id=\"t51_201\" style=\"left:65px;bottom:316px;letter-spacing:-0.13px;word-spacing:-0.08px;display:inline;\">exposures of the Group are in currencies that are freely convertible. The Group\u2019s reported debt has an exposure to borrowings held in sterling </div><div class=\"t s2_201\" id=\"t52_201\" style=\"left:65px;bottom:301px;letter-spacing:-0.09px;word-spacing:-0.1px;display:inline;\">and euros. After the e\ufb00ect of currency swaps, the Group holds its bond debt in sterling, which is the primary currency of shareholder returns, </div><div class=\"t s2_201\" id=\"t53_201\" style=\"left:65px;bottom:285px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">and in US dollars, the predominant currency of the Group\u2019s revenue and cash </div><div class=\"t s3_201\" id=\"t54_201\" style=\"left:497px;bottom:285px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">flows. US dollar borrowing or currency derivatives may also </div><div class=\"t s2_201\" id=\"t55_201\" style=\"left:65px;bottom:270px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">act as a net investment hedge of US dollar denominated assets. </div><div class=\"t s2_201\" id=\"t56_201\" style=\"left:65px;bottom:247px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">When the Group borrows in currencies di\ufb00erent from the functional currency of the borrowing entity, currency swaps are transacted at the </div><div class=\"t s2_201\" id=\"t57_201\" style=\"left:65px;bottom:232px;letter-spacing:-0.05px;word-spacing:-0.08px;display:inline;\">same time to minimise foreign exchange risk. Currency swaps were transacted against the \u20ac500m 2.125% 2027 and \u20ac500m 1.625% 2024 </div><div class=\"t s3_201\" id=\"t58_201\" style=\"left:65px;bottom:217px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">bonds, in November 2018 and October 2020 respectively, swapping the bonds\u2019 proceeds and interest flows into sterling. Similar currency </div><div class=\"t s3_201\" id=\"t59_201\" style=\"left:65px;bottom:201px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">swaps were transacted against the \u20ac600m 4.375% 2029 bonds in November 2023, swapping the bond proceeds and interest flows into </div><div class=\"t s2_201\" id=\"t5a_201\" style=\"left:65px;bottom:186px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">US dollars (see page 200). </div><div class=\"t sd_201\" id=\"t5b_201\" style=\"left:65px;bottom:163px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">Interest rate risk </div><div class=\"t s3_201\" id=\"t5c_201\" style=\"left:65px;bottom:148px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">The Group is exposed to interest rate risk in relation to its fixed and floating rate borrowings. The Group\u2019s policy requires a minimum o</div><div class=\"t s2_201\" id=\"t5d_201\" style=\"left:806px;bottom:148px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">f 50% </div><div class=\"t s3_201\" id=\"t5e_201\" style=\"left:65px;bottom:133px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">fixed rate debt over the next 12 months. With the exception o</div><div class=\"t s2_201\" id=\"t5f_201\" style=\"left:403px;bottom:133px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">f overdrafts, 100% of borrowings were </div><div class=\"t s3_201\" id=\"t5g_201\" style=\"left:618px;bottom:133px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">fixed rate debt at 31 December 2023 </div><div class=\"t s2_201\" id=\"t5h_201\" style=\"left:65px;bottom:117px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">(2022: 100%). </div><div class=\"t sd_201\" id=\"t5i_201\" style=\"left:65px;bottom:31px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\"> </div><div class=\"t m0_201 se_201\" id=\"t5j_201\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t sd_201\" id=\"t5k_201\" style=\"left:825px;bottom:31px;letter-spacing:0.09px;display:inline;\"></div><div></div><div class=\"t s4_202\" id=\"t5_202\" style=\"left:65px;bottom:1100px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Derivative financial instruments </div><div class=\"t s5_202\" id=\"t6_202\" style=\"left:65px;bottom:1084px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Derivatives are recorded in the Group statement of </div><div class=\"t s6_202\" id=\"t7_202\" style=\"left:350px;bottom:1084px;letter-spacing:-0.05px;word-spacing:-0.11px;display:inline;\">financial position at </div><div class=\"t s5_202\" id=\"t8_202\" style=\"left:462px;bottom:1084px;letter-spacing:-0.1px;word-spacing:-0.05px;display:inline;\">fair value (see note 25) as follows: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_202\" id=\"ta_202\" style=\"left:752px;bottom:1062px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_202\" id=\"tc_202\" style=\"left:819px;bottom:1062px;letter-spacing:0.17px;display:inline;\">2022 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_202\" id=\"t9_202\" style=\"left:65px;bottom:1052px;letter-spacing:0.05px;display:inline;\">Derivatives </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_202\" id=\"tb_202\" style=\"left:761px;bottom:1052px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_202\" id=\"td_202\" style=\"left:827px;bottom:1052px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"te_202\" style=\"left:65px;bottom:1034px;letter-spacing:-0.26px;word-spacing:-0.12px;display:inline;\">Currency swaps </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_202\" id=\"tf_202\" style=\"left:758px;bottom:1034px;letter-spacing:-0.28px;display:inline;\">(20) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"tg_202\" style=\"left:832px;bottom:1034px;letter-spacing:-0.49px;display:inline;\">(4) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_202\" id=\"th_202\" style=\"left:65px;bottom:1015px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Currency forwards </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_202\" id=\"ti_202\" style=\"left:764px;bottom:1015px;letter-spacing:-0.18px;display:inline;\">15 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"tj_202\" style=\"left:836px;bottom:1015px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"tk_202\" style=\"left:65px;bottom:978px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Analysed as: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"tl_202\" style=\"left:73px;bottom:960px;letter-spacing:-0.19px;word-spacing:-0.17px;display:inline;\">Non-current assets </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_202\" id=\"tm_202\" style=\"left:761px;bottom:960px;letter-spacing:-0.2px;display:inline;\">20 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"tn_202\" style=\"left:836px;bottom:960px;display:inline;\">7 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"to_202\" style=\"left:73px;bottom:941px;letter-spacing:-0.22px;word-spacing:-0.12px;display:inline;\">Current liabilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_202\" id=\"tp_202\" style=\"left:759px;bottom:941px;letter-spacing:-0.25px;display:inline;\">(25) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"tq_202\" style=\"left:836px;bottom:941px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"tr_202\" style=\"left:73px;bottom:923px;letter-spacing:-0.2px;word-spacing:-0.15px;display:inline;\">Non-current liabilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_202\" id=\"ts_202\" style=\"left:769px;bottom:923px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"tt_202\" style=\"left:830px;bottom:923px;letter-spacing:-0.33px;display:inline;\">(11) </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_202\" id=\"tu_202\" style=\"left:765px;bottom:904px;letter-spacing:-0.37px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"tv_202\" style=\"left:832px;bottom:904px;letter-spacing:-0.49px;display:inline;\">(4) </div></td></tr></table>\n<div class=\"t s5_202\" id=\"tw_202\" style=\"left:65px;bottom:871px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The carrying amount of currency swaps and forwards comprises $2m loss (2022: $4m loss) relating to exchange movements on the </div><div class=\"t s5_202\" id=\"tx_202\" style=\"left:65px;bottom:856px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">underlying principal, included within net debt (see note 23), and a $3m loss (2022: $nil) relating to other fair value movements. </div><div class=\"t s5_202\" id=\"ty_202\" style=\"left:65px;bottom:833px;letter-spacing:-0.08px;word-spacing:-0.08px;display:inline;\">Details of the credit risk on derivative </div><div class=\"t s6_202\" id=\"tz_202\" style=\"left:273px;bottom:833px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">financial instruments are included on page 203. </div><div class=\"t s5_202\" id=\"t10_202\" style=\"left:65px;bottom:810px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Currency swaps and forwards have been transacted as follows: </div><table><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_202\" id=\"t11_202\" style=\"left:65px;bottom:788px;letter-spacing:0.06px;word-spacing:-0.16px;display:inline;\">Date of designation </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_202\" id=\"t12_202\" style=\"left:169px;bottom:788px;letter-spacing:0.12px;word-spacing:-0.21px;display:inline;\">Hedge type </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_202\" id=\"t13_202\" style=\"left:235px;bottom:788px;letter-spacing:0.02px;word-spacing:-0.12px;display:inline;\">Pay leg </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_202\" id=\"t14_202\" style=\"left:283px;bottom:788px;letter-spacing:0.05px;word-spacing:-0.15px;display:inline;\">Interest rate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_202\" id=\"t15_202\" style=\"left:349px;bottom:788px;letter-spacing:0.06px;word-spacing:-0.16px;display:inline;\">Receive leg </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_202\" id=\"t16_202\" style=\"left:415px;bottom:788px;letter-spacing:0.05px;word-spacing:-0.15px;display:inline;\">Interest rate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_202\" id=\"t17_202\" style=\"left:481px;bottom:788px;letter-spacing:0.07px;display:inline;\">Maturity </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_202\" id=\"t18_202\" style=\"left:567px;bottom:788px;letter-spacing:0.11px;display:inline;\">Risk </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_202\" id=\"t19_202\" style=\"left:672px;bottom:788px;letter-spacing:0.1px;word-spacing:-0.19px;display:inline;\">Hedged item </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1a_202\" style=\"left:65px;bottom:770px;letter-spacing:-0.24px;word-spacing:-0.15px;display:inline;\">November 2018 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1b_202\" style=\"left:169px;bottom:770px;letter-spacing:-0.21px;word-spacing:-0.16px;display:inline;\">Cash flow </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1c_202\" style=\"left:235px;bottom:770px;letter-spacing:-0.1px;display:inline;\">\u00a3436m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1d_202\" style=\"left:283px;bottom:770px;letter-spacing:-0.2px;display:inline;\">3.5% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1e_202\" style=\"left:349px;bottom:770px;letter-spacing:-0.16px;display:inline;\">\u20ac500m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1f_202\" style=\"left:415px;bottom:770px;letter-spacing:-0.32px;display:inline;\">2.125% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1g_202\" style=\"left:481px;bottom:770px;letter-spacing:-0.25px;word-spacing:-0.14px;display:inline;\">May 2027 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1h_202\" style=\"left:567px;bottom:770px;letter-spacing:-0.27px;word-spacing:-0.1px;display:inline;\">Foreign exchange </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1i_202\" style=\"left:672px;bottom:770px;letter-spacing:-0.24px;word-spacing:-0.15px;display:inline;\">\u20ac500m 2.125% bonds 2027 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1j_202\" style=\"left:65px;bottom:752px;letter-spacing:-0.22px;word-spacing:-0.16px;display:inline;\">October 2020 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1k_202\" style=\"left:169px;bottom:752px;letter-spacing:-0.21px;word-spacing:-0.16px;display:inline;\">Cash flow </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1l_202\" style=\"left:235px;bottom:752px;letter-spacing:-0.1px;display:inline;\">\u00a3454m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1m_202\" style=\"left:283px;bottom:752px;letter-spacing:-0.26px;display:inline;\">2.7% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1n_202\" style=\"left:349px;bottom:752px;letter-spacing:-0.16px;display:inline;\">\u20ac500m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1o_202\" style=\"left:415px;bottom:752px;letter-spacing:-0.24px;display:inline;\">1.625% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1p_202\" style=\"left:481px;bottom:752px;letter-spacing:-0.23px;word-spacing:-0.15px;display:inline;\">October 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1q_202\" style=\"left:567px;bottom:752px;letter-spacing:-0.27px;word-spacing:-0.1px;display:inline;\">Foreign exchange </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1r_202\" style=\"left:672px;bottom:752px;letter-spacing:-0.23px;word-spacing:-0.15px;display:inline;\">\u20ac500m 1.625% bonds 2024 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1s_202\" style=\"left:65px;bottom:733px;letter-spacing:-0.24px;word-spacing:-0.15px;display:inline;\">November 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1t_202\" style=\"left:169px;bottom:733px;letter-spacing:-0.21px;word-spacing:-0.16px;display:inline;\">Cash flow </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1u_202\" style=\"left:235px;bottom:733px;letter-spacing:-0.25px;display:inline;\">$657m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1v_202\" style=\"left:283px;bottom:733px;letter-spacing:-0.25px;display:inline;\">6.0% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1w_202\" style=\"left:349px;bottom:733px;letter-spacing:-0.15px;display:inline;\">\u20ac600m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1x_202\" style=\"left:415px;bottom:733px;letter-spacing:-0.21px;display:inline;\">4.375% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1y_202\" style=\"left:481px;bottom:733px;letter-spacing:-0.24px;word-spacing:-0.15px;display:inline;\">November 2029 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t1z_202\" style=\"left:567px;bottom:733px;letter-spacing:-0.27px;word-spacing:-0.1px;display:inline;\">Foreign exchange </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t20_202\" style=\"left:672px;bottom:733px;letter-spacing:-0.21px;word-spacing:-0.18px;display:inline;\">\u20ac600m 4.375% bonds 2029 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t21_202\" style=\"left:65px;bottom:715px;letter-spacing:-0.22px;word-spacing:-0.16px;display:inline;\">October 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t22_202\" style=\"left:169px;bottom:715px;letter-spacing:-0.14px;display:inline;\">Net </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t24_202\" style=\"left:235px;bottom:715px;letter-spacing:-0.22px;display:inline;\">$425m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t25_202\" style=\"left:283px;bottom:715px;letter-spacing:-0.46px;display:inline;\">n/a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t26_202\" style=\"left:349px;bottom:715px;letter-spacing:-0.1px;display:inline;\">\u00a3344m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t27_202\" style=\"left:415px;bottom:715px;letter-spacing:-0.46px;display:inline;\">n/a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t28_202\" style=\"left:481px;bottom:715px;letter-spacing:-0.22px;word-spacing:-0.16px;display:inline;\">October 2028 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_202\" id=\"t29_202\" style=\"left:567px;bottom:715px;letter-spacing:-0.23px;word-spacing:-0.11px;display:inline;\">Spot foreign </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_202\" id=\"t2b_202\" style=\"left:672px;bottom:715px;letter-spacing:-0.19px;word-spacing:-0.28px;display:inline;\">Net assets of speci</div><div class=\"t sa_202\" id=\"t2c_202\" style=\"left:764px;bottom:715px;letter-spacing:-0.18px;word-spacing:-0.28px;display:inline;\">fied subsidiaries </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t23_202\" style=\"left:169px;bottom:702px;letter-spacing:-0.25px;display:inline;\">investment </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_202\" id=\"t2a_202\" style=\"left:567px;bottom:702px;letter-spacing:-0.27px;display:inline;\">exchange </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_202\" id=\"t2d_202\" style=\"left:672px;bottom:702px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">with US dollar foreign currency </div></td></tr></table>\n<div class=\"t s4_202\" id=\"t2e_202\" style=\"left:65px;bottom:668px;letter-spacing:0.01px;word-spacing:-0.14px;display:inline;\">Cash flow hedges </div><div class=\"t s6_202\" id=\"t2f_202\" style=\"left:65px;bottom:653px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">There is an economic relationship between the hedged item and the hedging instrument as the critical terms are aligned, such that the </div><div class=\"t s6_202\" id=\"t2g_202\" style=\"left:65px;bottom:638px;letter-spacing:-0.11px;word-spacing:-0.05px;display:inline;\">hedge ratio is 1:1. </div><div class=\"t s5_202\" id=\"t2h_202\" style=\"left:65px;bottom:615px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">The change in the fair value of hedging instruments used to measure hedge ine\ufb00ectiveness in the period mirrors that of the hypothetical </div><div class=\"t s6_202\" id=\"t2i_202\" style=\"left:65px;bottom:599px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">derivative (hedged item) and was $14m loss (2022: $48m gain). </div><div class=\"t s5_202\" id=\"t2j_202\" style=\"left:65px;bottom:576px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Hedge ine\ufb00ectiveness arises where the cumulative change in the fair value of the swaps exceeds the change in fair value of the future </div><div class=\"t s6_202\" id=\"t2k_202\" style=\"left:65px;bottom:561px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">cash flows o</div><div class=\"t s5_202\" id=\"t2l_202\" style=\"left:134px;bottom:561px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">f the bonds, and may be due to any opening fair value of the hedging instrument, or a change in the credit risk of the Group </div><div class=\"t s6_202\" id=\"t2m_202\" style=\"left:65px;bottom:546px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">or counterparty. There was no cumulative ine\ufb00ectiveness in 2023 or 2022. </div><div class=\"t s6_202\" id=\"t2n_202\" style=\"left:65px;bottom:523px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Amounts recognised in the cash flow hedge reserves are analysed in note 29. </div><div class=\"t s4_202\" id=\"t2o_202\" style=\"left:65px;bottom:500px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Net investment hedges </div><div class=\"t s5_202\" id=\"t2p_202\" style=\"left:65px;bottom:485px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The Group designates the following as net investment hedges of its foreign operations, being the net assets of certain Group subsidiaries </div><div class=\"t s5_202\" id=\"t2q_202\" style=\"left:65px;bottom:470px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">with a US dollar functional currency: </div><div class=\"t s4_202\" id=\"t2r_202\" style=\"left:65px;bottom:447px;display:inline;\">\u2022 </div><div class=\"t s6_202\" id=\"t2s_202\" style=\"left:74px;bottom:447px;letter-spacing:-0.06px;word-spacing:-0.07px;display:inline;\">Borrowings under the RCF; </div><div class=\"t s4_202\" id=\"t2t_202\" style=\"left:65px;bottom:428px;display:inline;\">\u2022 </div><div class=\"t s5_202\" id=\"t2u_202\" style=\"left:74px;bottom:428px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">Long-dated currency forward contracts; and </div><div class=\"t s4_202\" id=\"t2v_202\" style=\"left:65px;bottom:408px;display:inline;\">\u2022 </div><div class=\"t s5_202\" id=\"t2w_202\" style=\"left:74px;bottom:408px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Certain short-dated foreign exchange swaps. </div><div class=\"t s5_202\" id=\"t2x_202\" style=\"left:65px;bottom:386px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">There is an economic relationship between the hedged item and the hedging instrument as the net investment creates a foreign exchange </div><div class=\"t s5_202\" id=\"t2y_202\" style=\"left:65px;bottom:370px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">risk that will match the foreign exchange risk on the US dollar borrowings or foreign exchange swaps or forwards. The hedge ratio is 1:1 </div><div class=\"t s5_202\" id=\"t2z_202\" style=\"left:65px;bottom:355px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">as the underlying risk of the hedging instrument is identical to the hedged risk component. Hedge e\ufb00ectiveness is assessed by comparing </div><div class=\"t s5_202\" id=\"t30_202\" style=\"left:65px;bottom:340px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">changes in the carrying amount of the hedging instrument that is attributable to a change in the spot rate with changes in the investment </div><div class=\"t s5_202\" id=\"t31_202\" style=\"left:65px;bottom:324px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">in the foreign operation due to movements in the spot rate. </div><div class=\"t s5_202\" id=\"t32_202\" style=\"left:65px;bottom:301px;letter-spacing:-0.11px;word-spacing:-0.09px;display:inline;\">The change in value of hedging instruments recognised in the currency translation reserve through other comprehensive income was a gain </div><div class=\"t s5_202\" id=\"t33_202\" style=\"left:65px;bottom:286px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">of $15m (2022: $6m loss). There was no ine\ufb00ectiveness recognised in the Group income statement during the current or prior year. </div><div class=\"t se_202\" id=\"t34_202\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t s4_202\" id=\"t35_202\" style=\"left:65px;bottom:31px;letter-spacing:0.1px;display:inline;\"></div><div></div><div class=\"t s2_203\" id=\"t3_203\" style=\"left:65px;bottom:1100px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Interest and foreign exchange risk sensitivities </div><div class=\"t s3_203\" id=\"t4_203\" style=\"left:65px;bottom:1084px;letter-spacing:-0.09px;word-spacing:-0.09px;display:inline;\">The following table shows the impact of a general strengthening in the US dollar against sterling and euro on the Group\u2019s pro</div><div class=\"t s4_203\" id=\"t5_203\" style=\"left:754px;bottom:1084px;letter-spacing:-0.05px;word-spacing:-0.14px;display:inline;\">fit or loss be</div><div class=\"t s3_203\" id=\"t6_203\" style=\"left:822px;bottom:1084px;letter-spacing:-0.16px;display:inline;\">fore </div><div class=\"t s3_203\" id=\"t7_203\" style=\"left:65px;bottom:1069px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">tax and net liabilities, and the impact of a rise in US dollar, euro and sterling interest rates on the Group\u2019s pro</div><div class=\"t s4_203\" id=\"t8_203\" style=\"left:664px;bottom:1069px;letter-spacing:-0.02px;word-spacing:-0.14px;display:inline;\">fit be</div><div class=\"t s3_203\" id=\"t9_203\" style=\"left:692px;bottom:1069px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">fore tax. The impact of the </div><div class=\"t s3_203\" id=\"ta_203\" style=\"left:65px;bottom:1054px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">strengthening in the euro against sterling on net liabilities is also shown, as this impacts the fair value of the currency swaps. </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_203\" id=\"tb_203\" style=\"left:686px;bottom:1033px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_203\" id=\"td_203\" style=\"left:753px;bottom:1033px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_203\" id=\"tf_203\" style=\"left:821px;bottom:1033px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_203\" id=\"tc_203\" style=\"left:695px;bottom:1022px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_203\" id=\"te_203\" style=\"left:761px;bottom:1022px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_203\" id=\"tg_203\" style=\"left:827px;bottom:1022px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"th_203\" style=\"left:65px;bottom:1005px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">(Decrease)/increase in profit be</div><div class=\"t s8_203\" id=\"ti_203\" style=\"left:225px;bottom:1005px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">fore tax </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"tj_203\" style=\"left:65px;bottom:989px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Sterling: US dollar exchange rate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"tk_203\" style=\"left:329px;bottom:989px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">$0.05 fall </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"tl_203\" style=\"left:694px;bottom:989px;letter-spacing:-0.39px;display:inline;\">(14) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"tm_203\" style=\"left:766px;bottom:989px;letter-spacing:-0.4px;display:inline;\">(3) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"tn_203\" style=\"left:836px;bottom:989px;display:inline;\">7 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"to_203\" style=\"left:65px;bottom:972px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">Euro: US dollar exchange rate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"tp_203\" style=\"left:329px;bottom:972px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">$0.05 fall </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"tq_203\" style=\"left:699px;bottom:972px;letter-spacing:-0.42px;display:inline;\">(3) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"tr_203\" style=\"left:770px;bottom:972px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"ts_203\" style=\"left:836px;bottom:972px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"tt_203\" style=\"left:65px;bottom:955px;letter-spacing:-0.23px;word-spacing:-0.11px;display:inline;\">US dollar interest rates </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"tu_203\" style=\"left:329px;bottom:955px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">1% increase </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"tv_203\" style=\"left:703px;bottom:955px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"tw_203\" style=\"left:769px;bottom:955px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"tx_203\" style=\"left:836px;bottom:955px;display:inline;\">7 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"ty_203\" style=\"left:65px;bottom:939px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Sterling interest rates </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"tz_203\" style=\"left:329px;bottom:939px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">1% increase </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t10_203\" style=\"left:702px;bottom:939px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t11_203\" style=\"left:769px;bottom:939px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t12_203\" style=\"left:835px;bottom:939px;display:inline;\">5 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t13_203\" style=\"left:65px;bottom:921px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">(Increase)/decrease in net liabilities </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t14_203\" style=\"left:65px;bottom:904px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Sterling: US dollar exchange rate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t15_203\" style=\"left:329px;bottom:904px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">$0.05 fall </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t16_203\" style=\"left:695px;bottom:904px;letter-spacing:-0.32px;display:inline;\">(12) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t17_203\" style=\"left:764px;bottom:904px;letter-spacing:-0.16px;display:inline;\">27 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t18_203\" style=\"left:829px;bottom:904px;letter-spacing:-0.17px;display:inline;\">29 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t19_203\" style=\"left:65px;bottom:888px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">Euro: US dollar exchange rate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t1a_203\" style=\"left:329px;bottom:888px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">$0.05 fall </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t1b_203\" style=\"left:695px;bottom:888px;letter-spacing:-0.17px;display:inline;\">49 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t1c_203\" style=\"left:762px;bottom:888px;letter-spacing:-0.24px;display:inline;\">50 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t1d_203\" style=\"left:828px;bottom:888px;letter-spacing:-0.24px;display:inline;\">50 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t1e_203\" style=\"left:65px;bottom:871px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">Sterling: euro exchange rate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t1f_203\" style=\"left:329px;bottom:871px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">\u20ac0.05 fall </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t1g_203\" style=\"left:695px;bottom:871px;letter-spacing:-0.13px;display:inline;\">64 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t1h_203\" style=\"left:761px;bottom:871px;letter-spacing:-0.14px;display:inline;\">60 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t1i_203\" style=\"left:829px;bottom:871px;letter-spacing:-0.22px;display:inline;\">67 </div></td></tr></table>\n<div class=\"t s3_203\" id=\"t1j_203\" style=\"left:65px;bottom:839px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Interest rate sensitivity relates to cash balances and would only be realised to the extent deposit rates increase by 1%. </div>Interest rate sensitivities include the impact of hedging and are calculated based on the year-end net debt position.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f36900": {
   "value": "Liquidity risk <div class=\"t s3_203\" id=\"t1m_203\" style=\"left:65px;bottom:778px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Group policy ensures su\ufb00icient liquidity is maintained to meet all foreseeable medium-term cash requirements and provide headroom </div><div class=\"t s3_203\" id=\"t1n_203\" style=\"left:65px;bottom:763px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">against unforeseen obligations. </div><div class=\"t s3_203\" id=\"t1o_203\" style=\"left:65px;bottom:740px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Cash and cash equivalents are held in short-term deposits, repurchase agreements and cash funds which allow daily withdrawals of cash. </div><div class=\"t s3_203\" id=\"t1p_203\" style=\"left:65px;bottom:724px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Most of the Group\u2019s funds are held in the UK or US, although $30m (2022: $24m) is held in countries where repatriation is restricted </div><div class=\"t s3_203\" id=\"t1q_203\" style=\"left:65px;bottom:709px;letter-spacing:-0.13px;word-spacing:-0.02px;display:inline;\">(see note 18). </div><div class=\"t s3_203\" id=\"t1r_203\" style=\"left:65px;bottom:686px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Medium- and long-term borrowing requirements are met through committed bank facilities and bonds as detailed in note 22. </div><div class=\"t s4_203\" id=\"t1s_203\" style=\"left:65px;bottom:663px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">The RCF contains two financial covenants: interest cover (Covenant EBITDA: Covenant interest payable) and a leverage ratio (Covenant net </div><div class=\"t s3_203\" id=\"t1t_203\" style=\"left:65px;bottom:648px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">debt: Covenant EBITDA). These are tested at half year and full year on a trailing 12-month basis. </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_203\" id=\"t1u_203\" style=\"left:648px;bottom:631px;letter-spacing:0.12px;word-spacing:-0.21px;display:inline;\">31 December </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_203\" id=\"t1w_203\" style=\"left:784px;bottom:631px;letter-spacing:0.12px;word-spacing:-0.21px;display:inline;\">31 December </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_203\" id=\"t1v_203\" style=\"left:640px;bottom:620px;letter-spacing:0.1px;word-spacing:-0.19px;display:inline;\">2023 and 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_203\" id=\"t1x_203\" style=\"left:820px;bottom:620px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_203\" id=\"t1y_203\" style=\"left:65px;bottom:603px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Covenant test levels for RCF </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t1z_203\" style=\"left:65px;bottom:587px;letter-spacing:-0.24px;display:inline;\">Leverage </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t20_203\" style=\"left:677px;bottom:587px;letter-spacing:-0.24px;display:inline;\">&lt;4.0x </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t21_203\" style=\"left:806px;bottom:587px;letter-spacing:-0.26px;display:inline;\">waived </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t22_203\" style=\"left:65px;bottom:570px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Interest cover </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t23_203\" style=\"left:679px;bottom:570px;letter-spacing:-0.29px;display:inline;\">&gt;3.5x </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t24_203\" style=\"left:806px;bottom:570px;letter-spacing:-0.26px;display:inline;\">waived </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t25_203\" style=\"left:65px;bottom:553px;letter-spacing:-0.19px;display:inline;\">Liquidity </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t26_203\" style=\"left:690px;bottom:553px;letter-spacing:-0.49px;display:inline;\">n/a </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s9_203\" id=\"t27_203\" style=\"left:803px;bottom:553px;letter-spacing:-0.14px;display:inline;\">$400m </div><div class=\"t sb_203\" id=\"t28_203\" style=\"vertical-align: super;left:841px;bottom:560px;display:inline;\">a </div></td></tr></table>\n<div class=\"t sc_203\" id=\"t29_203\" style=\"left:65px;bottom:531px;display:inline;\">a </div><div class=\"t sd_203\" id=\"t2a_203\" style=\"left:74px;bottom:527px;letter-spacing:0.05px;word-spacing:-0.15px;display:inline;\">Defined as unrestricted cash and cash equivalents (net o</div><div class=\"t s6_203\" id=\"t2b_203\" style=\"left:313px;bottom:527px;letter-spacing:0.02px;word-spacing:-0.13px;display:inline;\">f bank overdrafts) plus undrawn facilities with a remaining term of at least six months. </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_203\" id=\"t2c_203\" style=\"left:686px;bottom:492px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_203\" id=\"t2d_203\" style=\"left:753px;bottom:492px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s6_203\" id=\"t2e_203\" style=\"left:820px;bottom:492px;letter-spacing:0.16px;display:inline;\">2021 </div><div class=\"t se_203\" id=\"t2f_203\" style=\"vertical-align: super;left:841px;bottom:498px;display:inline;\">a </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t2g_203\" style=\"left:65px;bottom:473px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">Covenant measures </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2h_203\" style=\"left:65px;bottom:454px;letter-spacing:-0.28px;word-spacing:-0.1px;display:inline;\">Covenant EBITDA ($m) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t2i_203\" style=\"left:680px;bottom:454px;letter-spacing:-0.27px;display:inline;\">1,086 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2j_203\" style=\"left:755px;bottom:454px;letter-spacing:-0.09px;display:inline;\">896 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2k_203\" style=\"left:823px;bottom:454px;letter-spacing:-0.12px;display:inline;\">601 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2l_203\" style=\"left:65px;bottom:437px;letter-spacing:-0.27px;word-spacing:-0.1px;display:inline;\">Covenant net debt ($m) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t2m_203\" style=\"left:679px;bottom:437px;letter-spacing:-0.17px;display:inline;\">2,328 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2n_203\" style=\"left:748px;bottom:437px;letter-spacing:-0.17px;display:inline;\">1,898 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2o_203\" style=\"left:816px;bottom:437px;letter-spacing:-0.17px;display:inline;\">1,801 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2p_203\" style=\"left:65px;bottom:419px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">Covenant interest payable ($m) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t2q_203\" style=\"left:695px;bottom:419px;letter-spacing:-0.16px;display:inline;\">88 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2r_203\" style=\"left:757px;bottom:419px;letter-spacing:-0.16px;display:inline;\">109 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2s_203\" style=\"left:824px;bottom:419px;letter-spacing:-0.17px;display:inline;\">133 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2t_203\" style=\"left:65px;bottom:402px;letter-spacing:-0.24px;display:inline;\">Leverage </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t2u_203\" style=\"left:688px;bottom:402px;letter-spacing:-0.3px;display:inline;\">2.14 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2v_203\" style=\"left:757px;bottom:402px;letter-spacing:-0.33px;display:inline;\">2.12 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2w_203\" style=\"left:817px;bottom:402px;letter-spacing:-0.21px;display:inline;\">3.00 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2x_203\" style=\"left:65px;bottom:384px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Interest cover </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t2y_203\" style=\"left:681px;bottom:384px;letter-spacing:-0.12px;display:inline;\">12.34 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t2z_203\" style=\"left:753px;bottom:384px;letter-spacing:-0.03px;display:inline;\">8.22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t30_203\" style=\"left:820px;bottom:384px;letter-spacing:-0.2px;display:inline;\">4.52 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t31_203\" style=\"left:65px;bottom:367px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Liquidity ($m) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_203\" id=\"t32_203\" style=\"left:692px;bottom:367px;letter-spacing:-0.49px;display:inline;\">n/a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t33_203\" style=\"left:759px;bottom:367px;letter-spacing:-0.46px;display:inline;\">n/a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_203\" id=\"t34_203\" style=\"left:813px;bottom:367px;letter-spacing:-0.17px;display:inline;\">2,655 </div></td></tr></table>\n<div class=\"t sc_203\" id=\"t35_203\" style=\"left:65px;bottom:345px;display:inline;\">a </div><div class=\"t s6_203\" id=\"t36_203\" style=\"left:74px;bottom:341px;letter-spacing:0.04px;word-spacing:-0.14px;display:inline;\">At 31 December 2021, the leverage and interest covenants under the previous facilities were waived and replaced with a liquidity requirement of $400m. </div><div class=\"t s3_203\" id=\"t37_203\" style=\"left:65px;bottom:309px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">The interest margin payable on the RCF is linked to the Group\u2019s credit rating and is currently 0.60%. </div><div class=\"t s2_203\" id=\"t38_203\" style=\"left:65px;bottom:31px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\"> </div><div class=\"t m0_203 sf_203\" id=\"t39_203\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t s2_203\" id=\"t3a_203\" style=\"left:825px;bottom:31px;letter-spacing:0.05px;display:inline;\"></div><div></div><div class=\"t s4_204\" id=\"t5_204\" style=\"left:65px;bottom:1100px;letter-spacing:-0.12px;word-spacing:-0.09px;display:inline;\">The following are the undiscounted contractual cash </div><div class=\"t s5_204\" id=\"t6_204\" style=\"left:358px;bottom:1100px;letter-spacing:-0.12px;word-spacing:-0.08px;display:inline;\">flows o</div><div class=\"t s4_204\" id=\"t7_204\" style=\"left:397px;bottom:1100px;display:inline;\">f </div><div class=\"t s5_204\" id=\"t8_204\" style=\"left:404px;bottom:1100px;letter-spacing:-0.14px;word-spacing:-0.07px;display:inline;\">financial liabilities, including interest payments. Liabilities relating to the Group\u2019s </div><div class=\"t s4_204\" id=\"t9_204\" style=\"left:65px;bottom:1084px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">deferred compensation plan are excluded; their settlement is funded entirely by the realisation of the related deferred compensation plan </div><div class=\"t s5_204\" id=\"ta_204\" style=\"left:65px;bottom:1069px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">investments and no net cash flow arises. </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"tf_204\" style=\"left:604px;bottom:1048px;letter-spacing:0.12px;display:inline;\">Between </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"tj_204\" style=\"left:670px;bottom:1048px;letter-spacing:0.12px;display:inline;\">Between </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"tc_204\" style=\"left:535px;bottom:1037px;letter-spacing:0.09px;word-spacing:-0.2px;display:inline;\">Less than </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"tg_204\" style=\"left:613px;bottom:1037px;letter-spacing:-0.01px;word-spacing:-0.11px;display:inline;\">1 and 2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"tk_204\" style=\"left:678px;bottom:1037px;word-spacing:-0.11px;display:inline;\">2 and 5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"tn_204\" style=\"left:730px;bottom:1037px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">More than </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"td_204\" style=\"left:552px;bottom:1027px;word-spacing:-0.12px;display:inline;\">1 year </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"th_204\" style=\"left:619px;bottom:1027px;letter-spacing:0.06px;display:inline;\">years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"tl_204\" style=\"left:685px;bottom:1027px;letter-spacing:0.06px;display:inline;\">years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"to_204\" style=\"left:744px;bottom:1027px;letter-spacing:0.02px;word-spacing:-0.13px;display:inline;\">5 years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"tq_204\" style=\"left:819px;bottom:1027px;letter-spacing:-0.08px;display:inline;\">Total </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_204\" id=\"tb_204\" style=\"left:65px;bottom:1016px;letter-spacing:0.11px;word-spacing:-0.2px;display:inline;\">31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"te_204\" style=\"left:562px;bottom:1016px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"ti_204\" style=\"left:629px;bottom:1016px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"tm_204\" style=\"left:695px;bottom:1016px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"tp_204\" style=\"left:761px;bottom:1016px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_204\" id=\"tr_204\" style=\"left:827px;bottom:1016px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"ts_204\" style=\"left:65px;bottom:999px;letter-spacing:-0.2px;word-spacing:-0.14px;display:inline;\">Non-derivative financial liabilities: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"tt_204\" style=\"left:73px;bottom:982px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Bank overdrafts </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"tu_204\" style=\"left:563px;bottom:982px;letter-spacing:-0.06px;display:inline;\">44 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"tv_204\" style=\"left:637px;bottom:982px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"tw_204\" style=\"left:703px;bottom:982px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"tx_204\" style=\"left:769px;bottom:982px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"ty_204\" style=\"left:827px;bottom:982px;letter-spacing:-0.06px;display:inline;\">44 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"tz_204\" style=\"left:73px;bottom:966px;letter-spacing:-0.23px;word-spacing:-0.15px;display:inline;\">\u20ac500m 1.625% bonds 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t10_204\" style=\"left:556px;bottom:966px;letter-spacing:-0.19px;display:inline;\">563 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t11_204\" style=\"left:637px;bottom:966px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t12_204\" style=\"left:703px;bottom:966px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t13_204\" style=\"left:769px;bottom:966px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t14_204\" style=\"left:821px;bottom:966px;letter-spacing:-0.19px;display:inline;\">563 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t15_204\" style=\"left:73px;bottom:949px;letter-spacing:-0.22px;word-spacing:-0.16px;display:inline;\">\u00a3300m 3.75% bonds 2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t16_204\" style=\"left:565px;bottom:949px;letter-spacing:-0.36px;display:inline;\">14 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t17_204\" style=\"left:623px;bottom:949px;letter-spacing:-0.23px;display:inline;\">397 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t18_204\" style=\"left:703px;bottom:949px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t19_204\" style=\"left:769px;bottom:949px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1a_204\" style=\"left:825px;bottom:949px;letter-spacing:-0.36px;display:inline;\">411 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t1b_204\" style=\"left:73px;bottom:933px;letter-spacing:-0.24px;word-spacing:-0.14px;display:inline;\">\u00a3350m 2.125% bonds 2026 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1c_204\" style=\"left:570px;bottom:933px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1d_204\" style=\"left:636px;bottom:933px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1e_204\" style=\"left:688px;bottom:933px;letter-spacing:-0.16px;display:inline;\">456 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1f_204\" style=\"left:769px;bottom:933px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1g_204\" style=\"left:822px;bottom:933px;letter-spacing:-0.66px;display:inline;\">474 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t1h_204\" style=\"left:73px;bottom:916px;letter-spacing:-0.24px;word-spacing:-0.15px;display:inline;\">\u20ac500m 2.125% bonds 2027 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1i_204\" style=\"left:566px;bottom:916px;letter-spacing:-0.25px;display:inline;\">12 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1j_204\" style=\"left:632px;bottom:916px;letter-spacing:-0.25px;display:inline;\">12 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1k_204\" style=\"left:690px;bottom:916px;letter-spacing:-0.16px;display:inline;\">577 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1l_204\" style=\"left:769px;bottom:916px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1m_204\" style=\"left:822px;bottom:916px;letter-spacing:-0.18px;display:inline;\">601 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t1n_204\" style=\"left:73px;bottom:900px;letter-spacing:-0.21px;word-spacing:-0.18px;display:inline;\">\u00a3400m 3.375% bonds 2028 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1o_204\" style=\"left:566px;bottom:900px;letter-spacing:-0.34px;display:inline;\">17 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1p_204\" style=\"left:632px;bottom:900px;letter-spacing:-0.34px;display:inline;\">17 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1q_204\" style=\"left:691px;bottom:900px;letter-spacing:-0.2px;display:inline;\">561 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1r_204\" style=\"left:769px;bottom:900px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1s_204\" style=\"left:821px;bottom:900px;letter-spacing:-0.19px;display:inline;\">595 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t1t_204\" style=\"left:73px;bottom:883px;letter-spacing:-0.21px;word-spacing:-0.18px;display:inline;\">\u20ac600m 4.375% bonds 2029 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1u_204\" style=\"left:563px;bottom:883px;letter-spacing:-0.12px;display:inline;\">29 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1v_204\" style=\"left:629px;bottom:883px;letter-spacing:-0.12px;display:inline;\">29 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1w_204\" style=\"left:696px;bottom:883px;letter-spacing:-0.26px;display:inline;\">87 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1x_204\" style=\"left:754px;bottom:883px;letter-spacing:-0.2px;display:inline;\">694 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t1y_204\" style=\"left:820px;bottom:883px;letter-spacing:-0.16px;display:inline;\">839 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t1z_204\" style=\"left:73px;bottom:866px;letter-spacing:-0.19px;word-spacing:-0.14px;display:inline;\">Lease liabilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t20_204\" style=\"left:564px;bottom:866px;letter-spacing:-0.34px;display:inline;\">57 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t21_204\" style=\"left:630px;bottom:866px;letter-spacing:-0.37px;display:inline;\">52 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t22_204\" style=\"left:690px;bottom:866px;letter-spacing:-0.24px;display:inline;\">130 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t23_204\" style=\"left:747px;bottom:866px;letter-spacing:-0.32px;display:inline;\">3,164 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t24_204\" style=\"left:810px;bottom:866px;letter-spacing:-0.22px;display:inline;\">3,403 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t25_204\" style=\"left:73px;bottom:850px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Trade and other payables (excluding deferred and contingent purchase consideration) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t26_204\" style=\"left:559px;bottom:850px;letter-spacing:-0.23px;display:inline;\">651 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t27_204\" style=\"left:638px;bottom:850px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t28_204\" style=\"left:702px;bottom:850px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t29_204\" style=\"left:768px;bottom:850px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2a_204\" style=\"left:821px;bottom:850px;letter-spacing:-0.23px;display:inline;\">657 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t2b_204\" style=\"left:73px;bottom:833px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Deferred and contingent purchase consideration </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2c_204\" style=\"left:565px;bottom:833px;letter-spacing:-0.26px;display:inline;\">13 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2d_204\" style=\"left:637px;bottom:833px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2e_204\" style=\"left:697px;bottom:833px;letter-spacing:-0.25px;display:inline;\">81 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2f_204\" style=\"left:769px;bottom:833px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2g_204\" style=\"left:827px;bottom:833px;letter-spacing:-0.23px;display:inline;\">94 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t2h_204\" style=\"left:73px;bottom:817px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Financial guarantee contracts </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2i_204\" style=\"left:563px;bottom:817px;letter-spacing:-0.26px;display:inline;\">50 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2j_204\" style=\"left:637px;bottom:817px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2k_204\" style=\"left:703px;bottom:817px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2l_204\" style=\"left:769px;bottom:817px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2m_204\" style=\"left:827px;bottom:817px;letter-spacing:-0.26px;display:inline;\">50 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t2n_204\" style=\"left:65px;bottom:800px;letter-spacing:-0.21px;word-spacing:-0.12px;display:inline;\">Derivative financial liabilities: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t2o_204\" style=\"left:73px;bottom:783px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Currency swaps hedging \u20ac500m 1.625% bonds 2024 outflows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2p_204\" style=\"left:556px;bottom:783px;letter-spacing:-0.23px;display:inline;\">594 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2q_204\" style=\"left:637px;bottom:783px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2r_204\" style=\"left:703px;bottom:783px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2s_204\" style=\"left:769px;bottom:783px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2t_204\" style=\"left:820px;bottom:783px;letter-spacing:-0.23px;display:inline;\">594 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t2u_204\" style=\"left:73px;bottom:767px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Currency swaps hedging \u20ac500m 1.625% bonds 2024 inflows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2v_204\" style=\"left:553px;bottom:767px;letter-spacing:-0.27px;display:inline;\">(563) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2w_204\" style=\"left:637px;bottom:767px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2x_204\" style=\"left:703px;bottom:767px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2y_204\" style=\"left:769px;bottom:767px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t2z_204\" style=\"left:817px;bottom:767px;letter-spacing:-0.27px;display:inline;\">(563) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t30_204\" style=\"left:73px;bottom:750px;letter-spacing:-0.24px;word-spacing:-0.14px;display:inline;\">Currency swaps hedging \u20ac500m 2.125% bonds 2027 outflows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t31_204\" style=\"left:565px;bottom:750px;letter-spacing:-0.19px;display:inline;\">19 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t32_204\" style=\"left:631px;bottom:750px;letter-spacing:-0.19px;display:inline;\">19 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t33_204\" style=\"left:689px;bottom:750px;letter-spacing:-0.16px;display:inline;\">585 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t34_204\" style=\"left:769px;bottom:750px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t35_204\" style=\"left:821px;bottom:750px;letter-spacing:-0.22px;display:inline;\">623 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t36_204\" style=\"left:73px;bottom:734px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Currency swaps hedging \u20ac500m 2.125% bonds 2027 inflows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t37_204\" style=\"left:562px;bottom:734px;letter-spacing:-0.32px;display:inline;\">(12) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t38_204\" style=\"left:629px;bottom:734px;letter-spacing:-0.32px;display:inline;\">(12) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t39_204\" style=\"left:687px;bottom:734px;letter-spacing:-0.17px;display:inline;\">(577) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3a_204\" style=\"left:769px;bottom:734px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3b_204\" style=\"left:818px;bottom:734px;letter-spacing:-0.29px;display:inline;\">(601) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t3c_204\" style=\"left:73px;bottom:717px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Currency swaps hedging \u20ac600m 4.375% bonds 2029 outflows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3d_204\" style=\"left:562px;bottom:717px;letter-spacing:-0.19px;display:inline;\">40 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3e_204\" style=\"left:628px;bottom:717px;letter-spacing:-0.19px;display:inline;\">40 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3f_204\" style=\"left:693px;bottom:717px;letter-spacing:-0.25px;display:inline;\">119 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3g_204\" style=\"left:754px;bottom:717px;letter-spacing:-0.16px;display:inline;\">696 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3h_204\" style=\"left:820px;bottom:717px;letter-spacing:-0.16px;display:inline;\">895 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t3i_204\" style=\"left:73px;bottom:701px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Currency swaps hedging \u20ac600m 4.375% bonds 2029 inflows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3j_204\" style=\"left:560px;bottom:701px;letter-spacing:-0.25px;display:inline;\">(29) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3k_204\" style=\"left:626px;bottom:701px;letter-spacing:-0.25px;display:inline;\">(29) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3l_204\" style=\"left:692px;bottom:701px;letter-spacing:-0.24px;display:inline;\">(87) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3m_204\" style=\"left:751px;bottom:701px;letter-spacing:-0.31px;display:inline;\">(694) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3n_204\" style=\"left:817px;bottom:701px;letter-spacing:-0.28px;display:inline;\">(839) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t3o_204\" style=\"left:73px;bottom:684px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Forward currency contract 2028 inflows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3p_204\" style=\"left:571px;bottom:684px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3q_204\" style=\"left:637px;bottom:684px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3r_204\" style=\"left:685px;bottom:684px;letter-spacing:-0.29px;display:inline;\">(438) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3s_204\" style=\"left:769px;bottom:684px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3t_204\" style=\"left:817px;bottom:684px;letter-spacing:-0.29px;display:inline;\">(438) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t3u_204\" style=\"left:73px;bottom:665px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Forward currency contract 2028 outflows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3v_204\" style=\"left:571px;bottom:666px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3w_204\" style=\"left:637px;bottom:666px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3x_204\" style=\"left:689px;bottom:666px;letter-spacing:-0.23px;display:inline;\">425 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3y_204\" style=\"left:769px;bottom:666px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_204\" id=\"t3z_204\" style=\"left:821px;bottom:666px;letter-spacing:-0.23px;display:inline;\">425 </div></td></tr></table><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t45_204\" style=\"left:605px;bottom:639px;letter-spacing:0.13px;display:inline;\">Between </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t49_204\" style=\"left:671px;bottom:639px;letter-spacing:0.13px;display:inline;\">Between </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t42_204\" style=\"left:537px;bottom:628px;letter-spacing:0.05px;word-spacing:-0.17px;display:inline;\">Less than </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t46_204\" style=\"left:614px;bottom:628px;letter-spacing:-0.03px;word-spacing:-0.09px;display:inline;\">1 and 2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t4a_204\" style=\"left:678px;bottom:628px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">2 and 5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t4d_204\" style=\"left:732px;bottom:628px;letter-spacing:0.04px;word-spacing:-0.14px;display:inline;\">More than </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t43_204\" style=\"left:553px;bottom:617px;letter-spacing:-0.01px;word-spacing:-0.11px;display:inline;\">1 year </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t47_204\" style=\"left:620px;bottom:617px;letter-spacing:0.05px;display:inline;\">years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t4b_204\" style=\"left:686px;bottom:617px;letter-spacing:0.05px;display:inline;\">years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t4e_204\" style=\"left:745px;bottom:617px;letter-spacing:0.01px;word-spacing:-0.13px;display:inline;\">5 years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t4g_204\" style=\"left:820px;bottom:617px;letter-spacing:-0.08px;display:inline;\">Total </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s6_204\" id=\"t40_204\" style=\"left:65px;bottom:607px;letter-spacing:0.12px;word-spacing:-0.21px;display:inline;\">31 December 2022 </div><div class=\"t sb_204\" id=\"t41_204\" style=\"vertical-align: super;left:148px;bottom:613px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t44_204\" style=\"left:563px;bottom:607px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t48_204\" style=\"left:629px;bottom:607px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t4c_204\" style=\"left:695px;bottom:607px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t4f_204\" style=\"left:761px;bottom:607px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_204\" id=\"t4h_204\" style=\"left:827px;bottom:607px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t4i_204\" style=\"left:65px;bottom:590px;letter-spacing:-0.2px;word-spacing:-0.14px;display:inline;\">Non-derivative financial liabilities: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4j_204\" style=\"left:73px;bottom:573px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Bank overdrafts </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4k_204\" style=\"left:564px;bottom:573px;letter-spacing:-0.13px;display:inline;\">55 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4l_204\" style=\"left:637px;bottom:573px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4m_204\" style=\"left:704px;bottom:573px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4n_204\" style=\"left:770px;bottom:573px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4o_204\" style=\"left:829px;bottom:573px;letter-spacing:-0.13px;display:inline;\">55 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4p_204\" style=\"left:73px;bottom:557px;letter-spacing:-0.23px;word-spacing:-0.15px;display:inline;\">\u20ac500m 1.625% bonds 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4q_204\" style=\"left:570px;bottom:557px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4r_204\" style=\"left:623px;bottom:557px;letter-spacing:-0.05px;display:inline;\">543 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4s_204\" style=\"left:704px;bottom:557px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4t_204\" style=\"left:770px;bottom:557px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4u_204\" style=\"left:823px;bottom:557px;letter-spacing:-0.26px;display:inline;\">552 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4v_204\" style=\"left:73px;bottom:540px;letter-spacing:-0.22px;word-spacing:-0.16px;display:inline;\">\u00a3300m 3.75% bonds 2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4w_204\" style=\"left:566px;bottom:540px;letter-spacing:-0.37px;display:inline;\">14 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4x_204\" style=\"left:632px;bottom:540px;letter-spacing:-0.37px;display:inline;\">14 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4y_204\" style=\"left:691px;bottom:540px;letter-spacing:-0.21px;display:inline;\">375 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t4z_204\" style=\"left:770px;bottom:540px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t50_204\" style=\"left:821px;bottom:540px;letter-spacing:-0.15px;display:inline;\">403 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t51_204\" style=\"left:73px;bottom:523px;letter-spacing:-0.24px;word-spacing:-0.14px;display:inline;\">\u00a3350m 2.125% bonds 2026 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t52_204\" style=\"left:570px;bottom:523px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t53_204\" style=\"left:636px;bottom:523px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t54_204\" style=\"left:689px;bottom:523px;letter-spacing:-0.06px;display:inline;\">439 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t55_204\" style=\"left:770px;bottom:523px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t56_204\" style=\"left:823px;bottom:523px;letter-spacing:-0.12px;display:inline;\">457 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t57_204\" style=\"left:73px;bottom:507px;letter-spacing:-0.24px;word-spacing:-0.15px;display:inline;\">\u20ac500m 2.125% bonds 2027 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t58_204\" style=\"left:569px;bottom:507px;letter-spacing:-0.3px;display:inline;\">11 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t59_204\" style=\"left:635px;bottom:507px;letter-spacing:-0.3px;display:inline;\">11 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5a_204\" style=\"left:690px;bottom:507px;letter-spacing:-0.16px;display:inline;\">568 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5b_204\" style=\"left:770px;bottom:507px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5c_204\" style=\"left:821px;bottom:507px;letter-spacing:-0.15px;display:inline;\">590 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5d_204\" style=\"left:73px;bottom:490px;letter-spacing:-0.21px;word-spacing:-0.18px;display:inline;\">\u00a3400m 3.375% bonds 2028 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5e_204\" style=\"left:566px;bottom:490px;letter-spacing:-0.2px;display:inline;\">16 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5f_204\" style=\"left:632px;bottom:490px;letter-spacing:-0.2px;display:inline;\">16 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5g_204\" style=\"left:696px;bottom:490px;letter-spacing:-0.08px;display:inline;\">49 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5h_204\" style=\"left:755px;bottom:490px;letter-spacing:-0.1px;display:inline;\">498 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5i_204\" style=\"left:823px;bottom:490px;letter-spacing:-0.25px;display:inline;\">579 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5j_204\" style=\"left:73px;bottom:474px;letter-spacing:-0.19px;word-spacing:-0.14px;display:inline;\">Lease liabilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5k_204\" style=\"left:564px;bottom:474px;letter-spacing:-0.11px;display:inline;\">53 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5l_204\" style=\"left:630px;bottom:474px;letter-spacing:-0.24px;display:inline;\">50 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5m_204\" style=\"left:693px;bottom:474px;letter-spacing:-0.26px;display:inline;\">126 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5n_204\" style=\"left:748px;bottom:474px;letter-spacing:-0.15px;display:inline;\">3,201 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5o_204\" style=\"left:811px;bottom:474px;letter-spacing:-0.15px;display:inline;\">3,430 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5p_204\" style=\"left:73px;bottom:457px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Trade and other payables (excluding deferred and contingent purchase consideration) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5q_204\" style=\"left:556px;bottom:457px;letter-spacing:-0.13px;display:inline;\">660 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5r_204\" style=\"left:639px;bottom:457px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5s_204\" style=\"left:705px;bottom:457px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5t_204\" style=\"left:769px;bottom:457px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5u_204\" style=\"left:821px;bottom:457px;letter-spacing:-0.1px;display:inline;\">664 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5v_204\" style=\"left:73px;bottom:441px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Deferred and contingent purchase consideration </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5w_204\" style=\"left:571px;bottom:441px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5x_204\" style=\"left:632px;bottom:441px;letter-spacing:-0.25px;display:inline;\">13 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5y_204\" style=\"left:696px;bottom:441px;letter-spacing:-0.13px;display:inline;\">39 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t5z_204\" style=\"left:763px;bottom:441px;letter-spacing:-0.27px;display:inline;\">42 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t60_204\" style=\"left:828px;bottom:441px;letter-spacing:-0.2px;display:inline;\">94 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t61_204\" style=\"left:73px;bottom:424px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Financial guarantee contracts </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t62_204\" style=\"left:563px;bottom:424px;letter-spacing:-0.24px;display:inline;\">50 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t63_204\" style=\"left:637px;bottom:424px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t64_204\" style=\"left:703px;bottom:424px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t65_204\" style=\"left:770px;bottom:424px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t66_204\" style=\"left:828px;bottom:424px;letter-spacing:-0.24px;display:inline;\">50 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t67_204\" style=\"left:65px;bottom:407px;letter-spacing:-0.21px;word-spacing:-0.12px;display:inline;\">Derivative financial liabilities: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t68_204\" style=\"left:73px;bottom:391px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Currency swaps hedging \u20ac500m 1.625% bonds 2024 outflows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t69_204\" style=\"left:566px;bottom:391px;letter-spacing:-0.37px;display:inline;\">14 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6a_204\" style=\"left:626px;bottom:391px;letter-spacing:-0.14px;display:inline;\">561 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6b_204\" style=\"left:703px;bottom:391px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6c_204\" style=\"left:769px;bottom:391px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6d_204\" style=\"left:823px;bottom:391px;letter-spacing:-0.19px;display:inline;\">575 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t6e_204\" style=\"left:73px;bottom:374px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Currency swaps hedging \u20ac500m 1.625% bonds 2024 inflows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6f_204\" style=\"left:567px;bottom:374px;letter-spacing:-0.36px;display:inline;\">(9) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6g_204\" style=\"left:620px;bottom:374px;letter-spacing:-0.18px;display:inline;\">(543) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6h_204\" style=\"left:703px;bottom:374px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6i_204\" style=\"left:769px;bottom:374px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6j_204\" style=\"left:820px;bottom:374px;letter-spacing:-0.28px;display:inline;\">(552) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t6k_204\" style=\"left:73px;bottom:358px;letter-spacing:-0.24px;word-spacing:-0.14px;display:inline;\">Currency swaps hedging \u20ac500m 2.125% bonds 2027 outflows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6l_204\" style=\"left:566px;bottom:358px;letter-spacing:-0.23px;display:inline;\">18 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6m_204\" style=\"left:632px;bottom:358px;letter-spacing:-0.23px;display:inline;\">18 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6n_204\" style=\"left:693px;bottom:358px;letter-spacing:-0.13px;display:inline;\">571 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6o_204\" style=\"left:769px;bottom:358px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6p_204\" style=\"left:822px;bottom:358px;letter-spacing:-0.27px;display:inline;\">607 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_204\" id=\"t6q_204\" style=\"left:73px;bottom:341px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Currency swaps hedging \u20ac500m 2.125% bonds 2027 inflows </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6r_204\" style=\"left:565px;bottom:341px;letter-spacing:-0.33px;display:inline;\">(11) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6s_204\" style=\"left:632px;bottom:341px;letter-spacing:-0.33px;display:inline;\">(11) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6t_204\" style=\"left:686px;bottom:341px;letter-spacing:-0.23px;display:inline;\">(568) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6u_204\" style=\"left:769px;bottom:341px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_204\" id=\"t6v_204\" style=\"left:818px;bottom:341px;letter-spacing:-0.23px;display:inline;\">(590) </div></td></tr></table>\n<div class=\"t sd_204\" id=\"t6w_204\" style=\"left:65px;bottom:319px;display:inline;\">a </div><div class=\"t sc_204\" id=\"t6x_204\" style=\"left:74px;bottom:315px;letter-spacing:0.04px;word-spacing:-0.15px;display:inline;\">Re-presented for the application of IFRS 9 \u2018Financial Instruments\u2019 to </div>financial guarantee contracts.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f37648": {
   "value": "Credit risk <div class=\"t s3_205\" id=\"t4_205\" style=\"left:65px;bottom:1084px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Credit risk on cash and cash equivalents is minimised by operating a policy on the investment of surplus cash that generally restricts </div><div class=\"t s3_205\" id=\"t5_205\" style=\"left:65px;bottom:1069px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">counterparties to those with a BBB- credit rating or better or those providing adequate security. The Group uses long-term credit ratings </div><div class=\"t s3_205\" id=\"t6_205\" style=\"left:65px;bottom:1054px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">from S&amp;P, Moody\u2019s and Fitch Ratings as a basis for setting its counterparty limits. </div><div class=\"t s3_205\" id=\"t7_205\" style=\"left:65px;bottom:1031px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">In order to manage the Group\u2019s credit risk exposure, the treasury function sets counterparty exposure limits using metrics including credit </div><div class=\"t s3_205\" id=\"t8_205\" style=\"left:65px;bottom:1016px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">ratings, the relative placing of credit default swap pricings, tier 1 capital and share price volatility of the relevant counterparty. </div><div class=\"t s3_205\" id=\"t9_205\" style=\"left:65px;bottom:993px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Repurchase agreements are fully collateralised investments, with a maturity of three months or less. The Group accepts only government </div><div class=\"t s3_205\" id=\"ta_205\" style=\"left:65px;bottom:977px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">or supranational bonds where the lowest credit rating is AA- or better as collateral. In the event of default, ownership of these securities </div><div class=\"t s3_205\" id=\"tb_205\" style=\"left:65px;bottom:962px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">would revert to the Group. The securities held as collateral are to protect against default by the counterparty. </div><div class=\"t s3_205\" id=\"tc_205\" style=\"left:65px;bottom:939px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">The Group\u2019s exposure to credit risk arises from default of the counterparty, with the maximum exposure equal to the carrying amount </div><div class=\"t s3_205\" id=\"td_205\" style=\"left:65px;bottom:924px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">of each </div><div class=\"t s4_205\" id=\"te_205\" style=\"left:109px;bottom:924px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">financial asset, including derivative financial instruments. The expected credit loss on cash and cash equivalents is considered </div><div class=\"t s3_205\" id=\"tf_205\" style=\"left:65px;bottom:909px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">to be immaterial. </div><div class=\"t s3_205\" id=\"tg_205\" style=\"left:65px;bottom:886px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The table below analyses the Group\u2019s short-term deposits, money market funds and repurchase agreement collateral classi</div><div class=\"t s4_205\" id=\"th_205\" style=\"left:749px;bottom:886px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">fied as cash and </div><div class=\"t s3_205\" id=\"ti_205\" style=\"left:65px;bottom:871px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">cash equivalents by counterparty credit rating: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"ty_205\" style=\"left:733px;bottom:853px;letter-spacing:0.1px;word-spacing:-0.2px;display:inline;\">BBB+ and </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"tk_205\" style=\"left:292px;bottom:843px;letter-spacing:0.29px;display:inline;\">AAA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"tm_205\" style=\"left:361px;bottom:843px;letter-spacing:0.08px;display:inline;\">AA+ </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"to_205\" style=\"left:431px;bottom:843px;letter-spacing:0.29px;display:inline;\">AA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"tq_205\" style=\"left:494px;bottom:843px;letter-spacing:0.15px;display:inline;\">AA\u2011 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"ts_205\" style=\"left:565px;bottom:843px;letter-spacing:-0.12px;display:inline;\">A+ </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"tu_205\" style=\"left:636px;bottom:843px;display:inline;\">A </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"tw_205\" style=\"left:699px;bottom:843px;letter-spacing:0.03px;display:inline;\">A\u2011 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"tz_205\" style=\"left:748px;bottom:843px;letter-spacing:0.11px;display:inline;\">below </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"t11_205\" style=\"left:819px;bottom:843px;letter-spacing:-0.08px;display:inline;\">Total </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_205\" id=\"tj_205\" style=\"left:65px;bottom:832px;letter-spacing:0.11px;word-spacing:-0.2px;display:inline;\">31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"tl_205\" style=\"left:298px;bottom:832px;letter-spacing:0.2px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"tn_205\" style=\"left:364px;bottom:832px;letter-spacing:0.2px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"tp_205\" style=\"left:430px;bottom:832px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"tr_205\" style=\"left:496px;bottom:832px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"tt_205\" style=\"left:562px;bottom:832px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"tv_205\" style=\"left:629px;bottom:832px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"tx_205\" style=\"left:695px;bottom:832px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"t10_205\" style=\"left:761px;bottom:832px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_205\" id=\"t12_205\" style=\"left:827px;bottom:832px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t13_205\" style=\"left:65px;bottom:815px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Short-term deposits </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t14_205\" style=\"left:307px;bottom:815px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t15_205\" style=\"left:373px;bottom:815px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t16_205\" style=\"left:439px;bottom:815px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t17_205\" style=\"left:493px;bottom:815px;letter-spacing:-0.18px;display:inline;\">129 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t18_205\" style=\"left:560px;bottom:815px;letter-spacing:-0.42px;display:inline;\">147 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t19_205\" style=\"left:623px;bottom:815px;letter-spacing:-0.16px;display:inline;\">258 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1a_205\" style=\"left:697px;bottom:815px;letter-spacing:0.03px;display:inline;\">77 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1b_205\" style=\"left:764px;bottom:815px;letter-spacing:-0.15px;display:inline;\">21 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1c_205\" style=\"left:821px;bottom:815px;letter-spacing:-0.21px;display:inline;\">632 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t1d_205\" style=\"left:65px;bottom:798px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">Money market funds </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1e_205\" style=\"left:293px;bottom:798px;letter-spacing:-0.24px;display:inline;\">375 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1f_205\" style=\"left:373px;bottom:798px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1g_205\" style=\"left:439px;bottom:798px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1h_205\" style=\"left:505px;bottom:798px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1i_205\" style=\"left:571px;bottom:798px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1j_205\" style=\"left:637px;bottom:798px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1k_205\" style=\"left:703px;bottom:798px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1l_205\" style=\"left:769px;bottom:798px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1m_205\" style=\"left:822px;bottom:798px;letter-spacing:-0.24px;display:inline;\">375 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t1n_205\" style=\"left:65px;bottom:782px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Repurchase agreement collateral </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1o_205\" style=\"left:296px;bottom:782px;letter-spacing:-0.27px;display:inline;\">110 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1p_205\" style=\"left:372px;bottom:782px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1q_205\" style=\"left:439px;bottom:782px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1r_205\" style=\"left:497px;bottom:782px;letter-spacing:-0.2px;display:inline;\">20 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1s_205\" style=\"left:571px;bottom:782px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1t_205\" style=\"left:637px;bottom:782px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1u_205\" style=\"left:703px;bottom:782px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1v_205\" style=\"left:769px;bottom:782px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_205\" id=\"t1w_205\" style=\"left:823px;bottom:782px;letter-spacing:-0.23px;display:inline;\">136 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t2c_205\" style=\"left:735px;bottom:759px;letter-spacing:0.12px;word-spacing:-0.22px;display:inline;\">BBB+ and </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t1y_205\" style=\"left:294px;bottom:748px;letter-spacing:0.32px;display:inline;\">AAA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t20_205\" style=\"left:362px;bottom:748px;letter-spacing:0.11px;display:inline;\">AA+ </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t22_205\" style=\"left:432px;bottom:748px;letter-spacing:0.31px;display:inline;\">AA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t24_205\" style=\"left:495px;bottom:748px;letter-spacing:0.2px;display:inline;\">AA- </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t26_205\" style=\"left:566px;bottom:748px;letter-spacing:-0.08px;display:inline;\">A+ </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t28_205\" style=\"left:637px;bottom:748px;display:inline;\">A </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t2a_205\" style=\"left:700px;bottom:748px;letter-spacing:0.12px;display:inline;\">A- </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t2d_205\" style=\"left:749px;bottom:748px;letter-spacing:0.1px;display:inline;\">below </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t2f_205\" style=\"left:820px;bottom:748px;letter-spacing:-0.08px;display:inline;\">Total </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_205\" id=\"t1x_205\" style=\"left:65px;bottom:738px;letter-spacing:0.12px;word-spacing:-0.21px;display:inline;\">31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t1z_205\" style=\"left:299px;bottom:738px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t21_205\" style=\"left:365px;bottom:738px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t23_205\" style=\"left:431px;bottom:738px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t25_205\" style=\"left:497px;bottom:738px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t27_205\" style=\"left:563px;bottom:738px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t29_205\" style=\"left:629px;bottom:738px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t2b_205\" style=\"left:695px;bottom:738px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t2e_205\" style=\"left:761px;bottom:738px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_205\" id=\"t2g_205\" style=\"left:827px;bottom:738px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2h_205\" style=\"left:65px;bottom:721px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Short-term deposits </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2i_205\" style=\"left:307px;bottom:721px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2j_205\" style=\"left:373px;bottom:721px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2k_205\" style=\"left:439px;bottom:721px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2l_205\" style=\"left:498px;bottom:721px;letter-spacing:-0.1px;display:inline;\">66 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2m_205\" style=\"left:561px;bottom:721px;letter-spacing:-0.21px;display:inline;\">127 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2n_205\" style=\"left:628px;bottom:721px;letter-spacing:-0.35px;display:inline;\">141 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2o_205\" style=\"left:696px;bottom:721px;letter-spacing:-0.24px;display:inline;\">50 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2p_205\" style=\"left:763px;bottom:721px;letter-spacing:-0.29px;display:inline;\">37 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2q_205\" style=\"left:824px;bottom:721px;letter-spacing:-0.15px;display:inline;\">421 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2r_205\" style=\"left:65px;bottom:704px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">Money market funds </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2s_205\" style=\"left:292px;bottom:704px;letter-spacing:-0.13px;display:inline;\">360 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2t_205\" style=\"left:373px;bottom:704px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2u_205\" style=\"left:439px;bottom:704px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2v_205\" style=\"left:505px;bottom:704px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2w_205\" style=\"left:571px;bottom:704px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2x_205\" style=\"left:637px;bottom:704px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2y_205\" style=\"left:703px;bottom:704px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t2z_205\" style=\"left:770px;bottom:704px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t30_205\" style=\"left:821px;bottom:704px;letter-spacing:-0.13px;display:inline;\">360 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t31_205\" style=\"left:65px;bottom:688px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Repurchase agreement collateral </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t32_205\" style=\"left:301px;bottom:688px;letter-spacing:0.03px;display:inline;\">22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t33_205\" style=\"left:373px;bottom:688px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t34_205\" style=\"left:438px;bottom:688px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t35_205\" style=\"left:505px;bottom:688px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t36_205\" style=\"left:571px;bottom:688px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t37_205\" style=\"left:637px;bottom:688px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t38_205\" style=\"left:703px;bottom:688px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t39_205\" style=\"left:769px;bottom:688px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_205\" id=\"t3a_205\" style=\"left:827px;bottom:688px;letter-spacing:-0.16px;display:inline;\">30 </div></td></tr></table>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f37910": {
   "value": "Capital risk management <div class=\"t s3_205\" id=\"t3c_205\" style=\"left:65px;bottom:640px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The Group manages its capital to ensure that it will be able to continue as a going concern. The capital structure consists of net debt, issued </div><div class=\"t s3_205\" id=\"t3d_205\" style=\"left:65px;bottom:625px;letter-spacing:-0.08px;word-spacing:-0.08px;display:inline;\">share capital and reserves. The structure is managed with the objective of maintaining an investment grade credit rating, to provide ongoing </div><div class=\"t s4_205\" id=\"t3e_205\" style=\"left:65px;bottom:610px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">returns to shareholders and to service debt obligations, while maintaining maximum operational flexibility. A key characteristic o</div><div class=\"t s3_205\" id=\"t3f_205\" style=\"left:777px;bottom:610px;letter-spacing:-0.08px;word-spacing:-0.08px;display:inline;\">f IHG\u2019s </div><div class=\"t s3_205\" id=\"t3g_205\" style=\"left:65px;bottom:594px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">managed and franchised business model is that it is highly cash generative, with a high return on capital employed. Surplus cash is either </div><div class=\"t s3_205\" id=\"t3h_205\" style=\"left:65px;bottom:579px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">reinvested in the business, used to repay debt or returned to shareholders. </div><div class=\"t s3_205\" id=\"t3i_205\" style=\"left:65px;bottom:556px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">The Group\u2019s debt is monitored on the basis of a cash </div><div class=\"t s4_205\" id=\"t3j_205\" style=\"left:360px;bottom:556px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">flow leverage ratio, being net debt divided by adjusted EBITDA. The Group has a stated </div><div class=\"t s3_205\" id=\"t3k_205\" style=\"left:65px;bottom:541px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">aim of maintaining this ratio at 2.5x to 3.0x. The ratio at 31 December 2023 (which di\ufb00ers from the ratio as calculated for covenant tests) was </div><div class=\"t s3_205\" id=\"t3l_205\" style=\"left:65px;bottom:525px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">2.09 (2022: 2.07). </div><div class=\"t s3_205\" id=\"t3m_205\" style=\"left:65px;bottom:503px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The Group currently has a senior unsecured long-term credit rating of BBB from S&amp;P and obtained, in 2023, a Baa2 rating from Moody\u2019s. </div><div class=\"t s3_205\" id=\"t3n_205\" style=\"left:65px;bottom:487px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">In the event of either rating being downgraded below BBB- and Baa3 respectively (a downgrade of two levels) there would be an additional </div>step-up coupon of 1.25% payable on the bonds which are subject to those ratings.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f37951": {
   "value": "25. Classification and measurement o<div class=\"t s3_206\" id=\"t4_206\" style=\"left:282px;bottom:1115px;display:inline;\">f </div><div class=\"t s2_206\" id=\"t5_206\" style=\"left:289px;bottom:1115px;letter-spacing:0.02px;word-spacing:-0.16px;display:inline;\">financial instruments </div><div class=\"t s4_206\" id=\"t6_206\" style=\"left:65px;bottom:1100px;letter-spacing:0.01px;word-spacing:-0.15px;display:inline;\">Accounting classification and </div><div class=\"t s5_206\" id=\"t7_206\" style=\"left:239px;bottom:1100px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">fair value hierarchy </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_206\" id=\"t8_206\" style=\"left:551px;bottom:1085px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_206\" id=\"t9_206\" style=\"left:819px;bottom:1085px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_206\" id=\"tj_206\" style=\"left:494px;bottom:1069px;letter-spacing:0.07px;display:inline;\">Not </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_206\" id=\"tw_206\" style=\"left:761px;bottom:1069px;letter-spacing:0.08px;display:inline;\">Not </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_206\" id=\"tk_206\" style=\"left:457px;bottom:1058px;letter-spacing:0.1px;display:inline;\">categorised </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_206\" id=\"tx_206\" style=\"left:725px;bottom:1058px;letter-spacing:0.08px;display:inline;\">categorised </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_206\" id=\"ta_206\" style=\"left:254px;bottom:1048px;letter-spacing:0.04px;word-spacing:-0.15px;display:inline;\">Hierarchy of </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_206\" id=\"tg_206\" style=\"left:390px;bottom:1048px;letter-spacing:0.12px;display:inline;\">Amortised </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_206\" id=\"tl_206\" style=\"left:453px;bottom:1048px;letter-spacing:0.06px;word-spacing:-0.17px;display:inline;\">as a financial </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_206\" id=\"tt_206\" style=\"left:658px;bottom:1048px;letter-spacing:0.11px;display:inline;\">Amortised </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_206\" id=\"ty_206\" style=\"left:721px;bottom:1048px;letter-spacing:0.04px;word-spacing:-0.16px;display:inline;\">as a financial </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_206\" id=\"tb_206\" style=\"left:268px;bottom:1037px;letter-spacing:0.02px;word-spacing:-0.14px;display:inline;\">fair value </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s6_206\" id=\"td_206\" style=\"left:327px;bottom:1037px;letter-spacing:0.01px;word-spacing:-0.12px;display:inline;\">Fair value </div><div class=\"t sa_206\" id=\"te_206\" style=\"vertical-align: sub;left:369px;bottom:1043px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_206\" id=\"th_206\" style=\"left:417px;bottom:1037px;letter-spacing:0.12px;display:inline;\">cost </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_206\" id=\"tm_206\" style=\"left:461px;bottom:1037px;letter-spacing:0.09px;display:inline;\">instrument </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_206\" id=\"to_206\" style=\"left:553px;bottom:1037px;letter-spacing:-0.08px;display:inline;\">Total </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_206\" id=\"tq_206\" style=\"left:596px;bottom:1037px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">Fair value </div><div class=\"t sb_206\" id=\"tr_206\" style=\"left:636px;bottom:1043px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_206\" id=\"tu_206\" style=\"left:684px;bottom:1037px;letter-spacing:0.11px;display:inline;\">cost </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_206\" id=\"tz_206\" style=\"left:730px;bottom:1037px;letter-spacing:0.06px;display:inline;\">instrument </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_206\" id=\"t11_206\" style=\"left:820px;bottom:1037px;letter-spacing:-0.08px;display:inline;\">Total </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_206\" id=\"tc_206\" style=\"left:247px;bottom:1026px;letter-spacing:0.14px;display:inline;\">measurement </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_206\" id=\"tf_206\" style=\"left:356px;bottom:1026px;letter-spacing:0.2px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_206\" id=\"ti_206\" style=\"left:422px;bottom:1026px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_206\" id=\"tn_206\" style=\"left:495px;bottom:1026px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_206\" id=\"tp_206\" style=\"left:560px;bottom:1026px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_206\" id=\"ts_206\" style=\"left:622px;bottom:1026px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_206\" id=\"tv_206\" style=\"left:688px;bottom:1026px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_206\" id=\"t10_206\" style=\"left:762px;bottom:1026px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_206\" id=\"t12_206\" style=\"left:827px;bottom:1026px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t13_206\" style=\"left:65px;bottom:1009px;letter-spacing:-0.17px;word-spacing:-0.19px;display:inline;\">Financial assets </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t14_206\" style=\"left:65px;bottom:990px;letter-spacing:-0.19px;word-spacing:-0.16px;display:inline;\">Other financial assets </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t sd_206\" id=\"t15_206\" style=\"left:294px;bottom:990px;letter-spacing:-0.21px;display:inline;\">1,3 </div><div class=\"t se_206\" id=\"t16_206\" style=\"vertical-align: super;left:308px;bottom:997px;display:inline;\">b </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t17_206\" style=\"left:352px;bottom:990px;letter-spacing:-0.21px;display:inline;\">124 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t18_206\" style=\"left:422px;bottom:990px;letter-spacing:-0.17px;display:inline;\">68 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t19_206\" style=\"left:504px;bottom:990px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t1a_206\" style=\"left:557px;bottom:990px;letter-spacing:-0.18px;display:inline;\">192 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t1b_206\" style=\"left:618px;bottom:990px;letter-spacing:-0.13px;display:inline;\">106 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t1c_206\" style=\"left:689px;bottom:990px;letter-spacing:-0.24px;display:inline;\">50 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t1d_206\" style=\"left:771px;bottom:990px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t1e_206\" style=\"left:824px;bottom:990px;letter-spacing:-0.18px;display:inline;\">156 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t1f_206\" style=\"left:65px;bottom:972px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Cash and cash equivalents </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t1g_206\" style=\"left:304px;bottom:972px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t1h_206\" style=\"left:351px;bottom:972px;letter-spacing:-0.24px;display:inline;\">375 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t1i_206\" style=\"left:416px;bottom:972px;letter-spacing:-0.37px;display:inline;\">947 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t1j_206\" style=\"left:504px;bottom:972px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t1k_206\" style=\"left:547px;bottom:972px;letter-spacing:-0.18px;display:inline;\">1,322 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t1l_206\" style=\"left:616px;bottom:972px;letter-spacing:-0.13px;display:inline;\">360 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t1m_206\" style=\"left:685px;bottom:972px;letter-spacing:-0.16px;display:inline;\">616 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t1n_206\" style=\"left:771px;bottom:972px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t1o_206\" style=\"left:823px;bottom:972px;letter-spacing:-0.37px;display:inline;\">976 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t1p_206\" style=\"left:65px;bottom:953px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Derivative financial instruments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t1q_206\" style=\"left:303px;bottom:953px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t1r_206\" style=\"left:356px;bottom:953px;letter-spacing:-0.2px;display:inline;\">20 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t1s_206\" style=\"left:430px;bottom:953px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t1t_206\" style=\"left:504px;bottom:953px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t1u_206\" style=\"left:561px;bottom:953px;letter-spacing:-0.2px;display:inline;\">20 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t1v_206\" style=\"left:631px;bottom:953px;display:inline;\">7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t1w_206\" style=\"left:697px;bottom:953px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t1x_206\" style=\"left:771px;bottom:953px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t1y_206\" style=\"left:836px;bottom:953px;display:inline;\">7 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sf_206\" id=\"t1z_206\" style=\"left:65px;bottom:935px;letter-spacing:-0.21px;word-spacing:-0.16px;display:inline;\">Deferred compensation </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t20_206\" style=\"left:65px;bottom:922px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">plan investments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t21_206\" style=\"left:304px;bottom:922px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t22_206\" style=\"left:349px;bottom:922px;letter-spacing:-0.19px;display:inline;\">250 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t23_206\" style=\"left:430px;bottom:922px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t24_206\" style=\"left:504px;bottom:922px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t25_206\" style=\"left:554px;bottom:922px;letter-spacing:-0.19px;display:inline;\">250 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t26_206\" style=\"left:620px;bottom:922px;letter-spacing:-0.12px;display:inline;\">216 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t27_206\" style=\"left:697px;bottom:922px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t28_206\" style=\"left:771px;bottom:922px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t29_206\" style=\"left:824px;bottom:922px;letter-spacing:-0.12px;display:inline;\">216 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t2a_206\" style=\"left:65px;bottom:903px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Trade and other receivables </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t2b_206\" style=\"left:303px;bottom:903px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t2c_206\" style=\"left:364px;bottom:903px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t2d_206\" style=\"left:418px;bottom:903px;letter-spacing:-0.23px;display:inline;\">651 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t2e_206\" style=\"left:491px;bottom:903px;letter-spacing:-0.2px;display:inline;\">102 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t2f_206\" style=\"left:555px;bottom:903px;letter-spacing:-0.19px;display:inline;\">753 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t2g_206\" style=\"left:631px;bottom:903px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t2h_206\" style=\"left:684px;bottom:903px;letter-spacing:-0.19px;display:inline;\">542 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t2i_206\" style=\"left:759px;bottom:903px;letter-spacing:-0.3px;display:inline;\">107 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t2j_206\" style=\"left:821px;bottom:903px;letter-spacing:-0.08px;display:inline;\">649 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t2k_206\" style=\"left:65px;bottom:872px;letter-spacing:-0.18px;word-spacing:-0.17px;display:inline;\">Financial liabilities </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t2l_206\" style=\"left:65px;bottom:853px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Derivative financial instruments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t2m_206\" style=\"left:303px;bottom:853px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t2n_206\" style=\"left:357px;bottom:853px;letter-spacing:-0.12px;display:inline;\">25 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t2o_206\" style=\"left:430px;bottom:853px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t2p_206\" style=\"left:504px;bottom:853px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t2q_206\" style=\"left:562px;bottom:853px;letter-spacing:-0.12px;display:inline;\">25 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t2r_206\" style=\"left:628px;bottom:853px;letter-spacing:-0.3px;display:inline;\">11 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t2s_206\" style=\"left:697px;bottom:853px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t2t_206\" style=\"left:771px;bottom:853px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t2u_206\" style=\"left:833px;bottom:853px;letter-spacing:-0.3px;display:inline;\">11 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sf_206\" id=\"t2v_206\" style=\"left:65px;bottom:835px;letter-spacing:-0.21px;word-spacing:-0.16px;display:inline;\">Deferred compensation </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t2w_206\" style=\"left:65px;bottom:822px;letter-spacing:-0.21px;word-spacing:-0.13px;display:inline;\">plan liabilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t2x_206\" style=\"left:304px;bottom:822px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t2y_206\" style=\"left:349px;bottom:822px;letter-spacing:-0.19px;display:inline;\">250 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t2z_206\" style=\"left:430px;bottom:822px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t30_206\" style=\"left:504px;bottom:822px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t31_206\" style=\"left:554px;bottom:822px;letter-spacing:-0.19px;display:inline;\">250 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t32_206\" style=\"left:620px;bottom:822px;letter-spacing:-0.12px;display:inline;\">216 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t33_206\" style=\"left:697px;bottom:822px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t34_206\" style=\"left:771px;bottom:822px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t35_206\" style=\"left:824px;bottom:822px;letter-spacing:-0.12px;display:inline;\">216 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t36_206\" style=\"left:65px;bottom:803px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Loans and other borrowings </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t37_206\" style=\"left:303px;bottom:803px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t38_206\" style=\"left:364px;bottom:803px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t39_206\" style=\"left:408px;bottom:803px;letter-spacing:-0.32px;display:inline;\">3,166 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t3a_206\" style=\"left:504px;bottom:803px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t3b_206\" style=\"left:547px;bottom:803px;letter-spacing:-0.32px;display:inline;\">3,166 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t3c_206\" style=\"left:631px;bottom:803px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t3d_206\" style=\"left:674px;bottom:803px;letter-spacing:-0.13px;display:inline;\">2,396 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t3e_206\" style=\"left:771px;bottom:803px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t3f_206\" style=\"left:812px;bottom:803px;letter-spacing:-0.13px;display:inline;\">2,396 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t3g_206\" style=\"left:65px;bottom:784px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">Trade and other payables </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t3h_206\" style=\"left:302px;bottom:784px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t3i_206\" style=\"left:356px;bottom:784px;letter-spacing:-0.17px;display:inline;\">69 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t3j_206\" style=\"left:416px;bottom:784px;letter-spacing:-0.35px;display:inline;\">670 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t3k_206\" style=\"left:497px;bottom:784px;letter-spacing:-0.51px;display:inline;\">47 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t3l_206\" style=\"left:555px;bottom:784px;letter-spacing:-0.29px;display:inline;\">786 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t3m_206\" style=\"left:624px;bottom:784px;letter-spacing:-0.09px;display:inline;\">83 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t3n_206\" style=\"left:683px;bottom:784px;letter-spacing:-0.13px;display:inline;\">658 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t3o_206\" style=\"left:764px;bottom:784px;letter-spacing:-0.29px;display:inline;\">37 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t3p_206\" style=\"left:823px;bottom:784px;letter-spacing:-0.1px;display:inline;\">778 </div></td></tr></table>\n<div class=\"t sg_206\" id=\"t3q_206\" style=\"left:65px;bottom:761px;display:inline;\">a </div><div class=\"t sh_206\" id=\"t3r_206\" style=\"left:74px;bottom:757px;letter-spacing:0.03px;word-spacing:-0.13px;display:inline;\">With the exception of equity securities of $87m (2022: $88m) measured at fair value through other comprehensive income, all are measured at fair value through pro</div><div class=\"t s7_206\" id=\"t3s_206\" style=\"left:771px;bottom:757px;letter-spacing:0.05px;word-spacing:-0.17px;display:inline;\">fit or loss. </div><div class=\"t sh_206\" id=\"t3t_206\" style=\"left:74px;bottom:746px;letter-spacing:0.04px;word-spacing:-0.15px;display:inline;\">Of those, the </div><div class=\"t s7_206\" id=\"t3u_206\" style=\"left:131px;bottom:746px;letter-spacing:0.04px;word-spacing:-0.15px;display:inline;\">financial assets related to the de</div><div class=\"t sh_206\" id=\"t3v_206\" style=\"left:268px;bottom:746px;letter-spacing:0.04px;word-spacing:-0.15px;display:inline;\">ferred compensation plan investments were designated as such upon initial recognition. </div><div class=\"t sg_206\" id=\"t3w_206\" style=\"left:65px;bottom:732px;display:inline;\">b </div><div class=\"t sh_206\" id=\"t3x_206\" style=\"left:74px;bottom:728px;letter-spacing:0.03px;word-spacing:-0.13px;display:inline;\">Of those measured at fair value, $14m (2022: $3m) are Level 1 and $110m (2022: $103m) are Level 3. </div><div class=\"t si_206\" id=\"t3y_206\" style=\"left:65px;bottom:696px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Financial assets and liabilities measured at amortised cost whose carrying amount is not a reasonable approximation of fair value are </div><div class=\"t si_206\" id=\"t3z_206\" style=\"left:65px;bottom:681px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">as follows: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_206\" id=\"t40_206\" style=\"left:440px;bottom:653px;letter-spacing:0.04px;word-spacing:-0.15px;display:inline;\">Hierarchy of </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_206\" id=\"t43_206\" style=\"left:644px;bottom:659px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_206\" id=\"t44_206\" style=\"left:819px;bottom:659px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_206\" id=\"t41_206\" style=\"left:454px;bottom:643px;letter-spacing:0.02px;word-spacing:-0.14px;display:inline;\">fair value </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_206\" id=\"t45_206\" style=\"left:517px;bottom:643px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">Carrying value </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_206\" id=\"t47_206\" style=\"left:626px;bottom:643px;letter-spacing:0.01px;word-spacing:-0.12px;display:inline;\">Fair value </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_206\" id=\"t49_206\" style=\"left:693px;bottom:643px;letter-spacing:0.06px;word-spacing:-0.17px;display:inline;\">Carrying value </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_206\" id=\"t4b_206\" style=\"left:801px;bottom:643px;letter-spacing:-0.02px;word-spacing:-0.1px;display:inline;\">Fair value </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_206\" id=\"t42_206\" style=\"left:433px;bottom:632px;letter-spacing:0.14px;display:inline;\">measurement </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_206\" id=\"t46_206\" style=\"left:567px;bottom:632px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_206\" id=\"t48_206\" style=\"left:653px;bottom:632px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_206\" id=\"t4a_206\" style=\"left:740px;bottom:632px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_206\" id=\"t4c_206\" style=\"left:827px;bottom:632px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t4d_206\" style=\"left:65px;bottom:614px;letter-spacing:-0.23px;word-spacing:-0.15px;display:inline;\">\u20ac500m 1.625% bonds 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t4e_206\" style=\"left:491px;bottom:614px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t4f_206\" style=\"left:561px;bottom:614px;letter-spacing:-0.17px;display:inline;\">555 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t4g_206\" style=\"left:647px;bottom:614px;letter-spacing:-0.11px;display:inline;\">545 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t4h_206\" style=\"left:735px;bottom:614px;letter-spacing:-0.11px;display:inline;\">534 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t4i_206\" style=\"left:827px;bottom:614px;letter-spacing:-0.34px;display:inline;\">511 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t4j_206\" style=\"left:65px;bottom:596px;letter-spacing:-0.22px;word-spacing:-0.16px;display:inline;\">\u00a3300m 3.75% bonds 2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t4k_206\" style=\"left:490px;bottom:596px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t4l_206\" style=\"left:562px;bottom:596px;letter-spacing:-0.21px;display:inline;\">387 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t4m_206\" style=\"left:648px;bottom:596px;letter-spacing:-0.32px;display:inline;\">373 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t4n_206\" style=\"left:735px;bottom:596px;letter-spacing:-0.1px;display:inline;\">365 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t4o_206\" style=\"left:821px;bottom:596px;letter-spacing:-0.04px;display:inline;\">344 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t4p_206\" style=\"left:65px;bottom:577px;letter-spacing:-0.24px;word-spacing:-0.14px;display:inline;\">\u00a3350m 2.125% bonds 2026 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t4q_206\" style=\"left:490px;bottom:577px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t4r_206\" style=\"left:560px;bottom:577px;letter-spacing:-0.12px;display:inline;\">449 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t4s_206\" style=\"left:649px;bottom:577px;letter-spacing:-0.32px;display:inline;\">416 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t4t_206\" style=\"left:736px;bottom:577px;letter-spacing:-0.26px;display:inline;\">423 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t4u_206\" style=\"left:823px;bottom:577px;letter-spacing:-0.17px;display:inline;\">367 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t4v_206\" style=\"left:65px;bottom:559px;letter-spacing:-0.24px;word-spacing:-0.15px;display:inline;\">\u20ac500m 2.125% bonds 2027 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t4w_206\" style=\"left:490px;bottom:559px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t4x_206\" style=\"left:561px;bottom:559px;letter-spacing:-0.2px;display:inline;\">559 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t4y_206\" style=\"left:648px;bottom:559px;letter-spacing:-0.15px;display:inline;\">535 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t4z_206\" style=\"left:735px;bottom:559px;letter-spacing:-0.12px;display:inline;\">539 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t50_206\" style=\"left:822px;bottom:559px;letter-spacing:-0.12px;display:inline;\">492 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t51_206\" style=\"left:65px;bottom:540px;letter-spacing:-0.21px;word-spacing:-0.18px;display:inline;\">\u00a3400m 3.375% bonds 2028 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t52_206\" style=\"left:490px;bottom:540px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t53_206\" style=\"left:560px;bottom:540px;letter-spacing:-0.21px;display:inline;\">509 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t54_206\" style=\"left:648px;bottom:540px;letter-spacing:-0.5px;display:inline;\">476 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t55_206\" style=\"left:734px;bottom:540px;letter-spacing:-0.11px;display:inline;\">480 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t56_206\" style=\"left:825px;bottom:540px;letter-spacing:-0.34px;display:inline;\">417 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t57_206\" style=\"left:65px;bottom:522px;letter-spacing:-0.21px;word-spacing:-0.18px;display:inline;\">\u20ac600m 4.375% bonds 2029 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t58_206\" style=\"left:490px;bottom:522px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t59_206\" style=\"left:560px;bottom:522px;letter-spacing:-0.16px;display:inline;\">663 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_206\" id=\"t5a_206\" style=\"left:647px;bottom:522px;letter-spacing:-0.17px;display:inline;\">689 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t5b_206\" style=\"left:749px;bottom:522px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_206\" id=\"t5c_206\" style=\"left:836px;bottom:522px;display:inline;\">\u2013 </div></td></tr></table>\n<div class=\"t s5_206\" id=\"t5d_206\" style=\"left:65px;bottom:488px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">Right of o\ufb00set </div><div class=\"t sj_206\" id=\"t5e_206\" style=\"left:65px;bottom:473px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">Other than in relation to cash pooling arrangements (see note 18), there are no financial instruments with a significant </div><div class=\"t si_206\" id=\"t5f_206\" style=\"left:719px;bottom:473px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">fair value subject </div><div class=\"t si_206\" id=\"t5g_206\" style=\"left:65px;bottom:458px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">to enforceable master netting arrangements and other similar agreements that are not o\ufb00set in the Group statement of </div><div class=\"t sj_206\" id=\"t5h_206\" style=\"left:729px;bottom:458px;letter-spacing:-0.04px;word-spacing:-0.12px;display:inline;\">financial position. </div><div class=\"t s4_206\" id=\"t5i_206\" style=\"left:65px;bottom:435px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">Valuation techniques </div><div class=\"t sk_206\" id=\"t5j_206\" style=\"left:65px;bottom:419px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">Money market funds, deferred compensation plan investments and bonds </div><div class=\"t si_206\" id=\"t5k_206\" style=\"left:65px;bottom:404px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The fair value of money market funds, deferred compensation plan investments and bonds is based on their quoted market price. </div><div class=\"t sl_206\" id=\"t5l_206\" style=\"left:65px;bottom:381px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Unquoted equity securities </div><div class=\"t si_206\" id=\"t5m_206\" style=\"left:65px;bottom:366px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Unquoted equity securities are fair valued using a discounted cash </div><div class=\"t sj_206\" id=\"t5n_206\" style=\"left:438px;bottom:366px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">flow model, either internally or using pro</div><div class=\"t si_206\" id=\"t5o_206\" style=\"left:663px;bottom:366px;letter-spacing:-0.05px;word-spacing:-0.11px;display:inline;\">fessional external valuers. </div><div class=\"t sj_206\" id=\"t5p_206\" style=\"left:65px;bottom:351px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">The significant unobservable inputs used to determine the </div><div class=\"t si_206\" id=\"t5q_206\" style=\"left:393px;bottom:351px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">fair value of the equity securities are RevPAR growth (based on the market- </div><div class=\"t sj_206\" id=\"t5r_206\" style=\"left:65px;bottom:335px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">specific growth assumptions used by external valuers), pre-tax discount rate which ranged </div><div class=\"t si_206\" id=\"t5s_206\" style=\"left:572px;bottom:335px;letter-spacing:-0.09px;word-spacing:-0.06px;display:inline;\">from 6.4% to 10.0% (2022: 6.3% to 10.0%), </div><div class=\"t si_206\" id=\"t5t_206\" style=\"left:65px;bottom:320px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">and a non-marketability factor which ranged from 20.0% to 30.0% (2022: 20.0% to 30.0%). </div><div class=\"t si_206\" id=\"t5u_206\" style=\"left:65px;bottom:297px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">There is no material sensitivity arising from changes in assumptions. </div><div class=\"t s4_206\" id=\"t5v_206\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t sl_206\" id=\"t5w_206\" style=\"left:65px;bottom:31px;letter-spacing:0.04px;display:inline;\"></div><div></div><div class=\"t s3_207\" id=\"t5_207\" style=\"left:65px;bottom:1100px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">Derivative financial instruments and other payables </div><div class=\"t s4_207\" id=\"t6_207\" style=\"left:65px;bottom:1084px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Currency swaps and currency forwards are measured at the present value of future cash </div><div class=\"t s5_207\" id=\"t7_207\" style=\"left:559px;bottom:1084px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">flows discounted back based on quoted </div><div class=\"t s4_207\" id=\"t8_207\" style=\"left:785px;bottom:1084px;letter-spacing:-0.06px;display:inline;\">forward </div><div class=\"t s4_207\" id=\"t9_207\" style=\"left:65px;bottom:1069px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">exchange rates and the applicable yield curves derived from quoted interest rates. Adjustments for credit risk use observable credit default </div><div class=\"t s5_207\" id=\"ta_207\" style=\"left:65px;bottom:1054px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">swap spreads. </div><div class=\"t s4_207\" id=\"tb_207\" style=\"left:65px;bottom:1031px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The put option over part of the Group\u2019s investment in the Barclay associate was valued at $nil at 31 December 2023 and 2022. The value </div><div class=\"t s4_207\" id=\"tc_207\" style=\"left:65px;bottom:1016px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">is equal to the excess of the amount receivable under the option (which is based on the Group\u2019s capital invested to date) over fair value </div><div class=\"t s4_207\" id=\"td_207\" style=\"left:65px;bottom:1000px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">and is also a\ufb00ected by specially allocated expenses which resulted in an obligation of $18m in 2022 which reversed in 2023 (see note 6). </div><div class=\"t s4_207\" id=\"te_207\" style=\"left:65px;bottom:985px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">The fair value of the hotel was derived from a pricing opinion provided by a professional external valuer which is categorised as a Level 3 </div><div class=\"t s4_207\" id=\"tf_207\" style=\"left:65px;bottom:970px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">fair value measurement. The fair value of the hotel could fall by $38m before a liability arises. </div><div class=\"t s6_207\" id=\"tg_207\" style=\"left:65px;bottom:947px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Deferred purchase consideration </div><div class=\"t s4_207\" id=\"th_207\" style=\"left:65px;bottom:932px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Deferred purchase consideration arose in respect of the acquisition of Regent, and comprises $13m payable in 2024. The </div><div class=\"t s5_207\" id=\"ti_207\" style=\"left:742px;bottom:932px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">first instalment </div><div class=\"t s4_207\" id=\"tj_207\" style=\"left:65px;bottom:916px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">of $13m was paid in 2021. </div><div class=\"t s3_207\" id=\"tk_207\" style=\"left:65px;bottom:893px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Contingent purchase consideration </div><div class=\"t s7_207\" id=\"tl_207\" style=\"left:65px;bottom:878px;word-spacing:-0.13px;display:inline;\">Regent $69m (2022: $65m) </div><div class=\"t s5_207\" id=\"tm_207\" style=\"left:65px;bottom:863px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">In 2018, the Group acquired a 51% controlling interest in Regent Hospitality Worldwide, Inc (\u2018RHW\u2019), with put and call options existing over </div><div class=\"t s4_207\" id=\"tn_207\" style=\"left:65px;bottom:848px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">the remaining 49% shareholding exercisable in a phased manner from 2026 to 2033. The Group has a present ownership interest in the </div><div class=\"t s4_207\" id=\"to_207\" style=\"left:65px;bottom:832px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">remaining shares and the acquisition was accounted for as 100% owned with no non-controlling interest recognised and contingent </div><div class=\"t s4_207\" id=\"tp_207\" style=\"left:65px;bottom:817px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">purchase consideration comprising the present value of the expected amounts payable on exercise of the options based on the annual </div><div class=\"t s4_207\" id=\"tq_207\" style=\"left:65px;bottom:802px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">trailing revenue of RHW in the year preceding exercise with a </div><div class=\"t s5_207\" id=\"tr_207\" style=\"left:406px;bottom:802px;letter-spacing:-0.02px;word-spacing:-0.13px;display:inline;\">floor applied. </div><div class=\"t s4_207\" id=\"ts_207\" style=\"left:65px;bottom:779px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The value of the contingent purchase consideration is subject to periodic reassessment as interest rates and RHW revenue expectations </div><div class=\"t s4_207\" id=\"tt_207\" style=\"left:65px;bottom:764px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">change. At 31 December 2023, it is assumed that $39m will be paid in 2026 to acquire an additional 25% of RHW with the remaining 24% </div><div class=\"t s4_207\" id=\"tu_207\" style=\"left:65px;bottom:748px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">acquired in 2028 for $42m. This assumes that the options will be exercised at the earliest permissible date which is consistent with the </div><div class=\"t s4_207\" id=\"tv_207\" style=\"left:65px;bottom:733px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">assumption made on acquisition. The amount recognised is the discounted value of the total expected amount payable of $81m. </div><div class=\"t s4_207\" id=\"tw_207\" style=\"left:65px;bottom:718px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The discount rate applied is based on observable US corporate bond rates of similar term to the expected payment dates. The range </div><div class=\"t s4_207\" id=\"tx_207\" style=\"left:65px;bottom:702px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">of possible outcomes remains unchanged from the date of acquisition at $81m to $261m (undiscounted). </div><div class=\"t s5_207\" id=\"ty_207\" style=\"left:65px;bottom:680px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">The significant unobservable inputs used to determine the </div><div class=\"t s4_207\" id=\"tz_207\" style=\"left:393px;bottom:680px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">fair value of the contingent purchase consideration are the projected trailing </div><div class=\"t s4_207\" id=\"t10_207\" style=\"left:65px;bottom:664px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">revenues of RHW and the date of exercising the options. If the annual trailing revenue of RHW were to exceed the </div><div class=\"t s5_207\" id=\"t11_207\" style=\"left:695px;bottom:664px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">floor by 10%, the amount </div><div class=\"t s4_207\" id=\"t12_207\" style=\"left:65px;bottom:649px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">of the contingent purchase consideration recognised in the Group Financial Statements would increase by $7m (2022: $6m). If the date </div><div class=\"t s4_207\" id=\"t13_207\" style=\"left:65px;bottom:634px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">for exercising the options is assumed to be 2033, the amount of the undiscounted contingent purchase consideration would be $86m </div><div class=\"t s5_207\" id=\"t14_207\" style=\"left:65px;bottom:618px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">(2022: $86m). </div><div class=\"t s8_207\" id=\"t15_207\" style=\"left:65px;bottom:596px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Level 3 reconciliation </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s9_207\" id=\"t16_207\" style=\"left:684px;bottom:581px;letter-spacing:0.13px;display:inline;\">Other </div></td><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_207\" id=\"t1d_207\" style=\"left:791px;bottom:581px;letter-spacing:0.1px;display:inline;\">Contingent </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_207\" id=\"t17_207\" style=\"left:671px;bottom:571px;letter-spacing:0.09px;display:inline;\">financial </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s9_207\" id=\"t1a_207\" style=\"left:750px;bottom:571px;letter-spacing:0.13px;display:inline;\">Other </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_207\" id=\"t1e_207\" style=\"left:800px;bottom:570px;letter-spacing:0.13px;display:inline;\">purchase </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s9_207\" id=\"t18_207\" style=\"left:682px;bottom:560px;letter-spacing:0.14px;display:inline;\">assets </div> </td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s9_207\" id=\"t1b_207\" style=\"left:736px;bottom:560px;letter-spacing:0.07px;display:inline;\">payables </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_207\" id=\"t1f_207\" style=\"left:780px;bottom:560px;letter-spacing:0.1px;display:inline;\">consideration </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_207\" id=\"t19_207\" style=\"left:695px;bottom:549px;letter-spacing:0.19px;display:inline;\">$m </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s9_207\" id=\"t1c_207\" style=\"left:761px;bottom:549px;letter-spacing:0.19px;display:inline;\">$m </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_207\" id=\"t1g_207\" style=\"left:827px;bottom:549px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t1h_207\" style=\"left:65px;bottom:531px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">At 1 January 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t1i_207\" style=\"left:692px;bottom:531px;letter-spacing:-0.13px;display:inline;\">106 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t1j_207\" style=\"left:770px;bottom:531px;display:inline;\">\u2013 </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t1k_207\" style=\"left:826px;bottom:531px;letter-spacing:-0.22px;display:inline;\">(73) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t1l_207\" style=\"left:65px;bottom:513px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Valuation losses recognised in other comprehensive income </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t1m_207\" style=\"left:702px;bottom:513px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t1n_207\" style=\"left:770px;bottom:513px;display:inline;\">\u2013 </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t1o_207\" style=\"left:836px;bottom:513px;display:inline;\">\u2013 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t sb_207\" id=\"t1p_207\" style=\"left:65px;bottom:494px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Unrealised changes in fair value </div><div class=\"t sc_207\" id=\"t1q_207\" style=\"vertical-align: super;left:221px;bottom:501px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t1r_207\" style=\"left:704px;bottom:494px;display:inline;\">\u2013 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t1s_207\" style=\"left:762px;bottom:494px;letter-spacing:-0.29px;display:inline;\">(18) </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t1t_207\" style=\"left:835px;bottom:494px;display:inline;\">8 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t1u_207\" style=\"left:65px;bottom:476px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Exchange adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t1v_207\" style=\"left:701px;bottom:476px;letter-spacing:-0.26px;display:inline;\">(2) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t1w_207\" style=\"left:770px;bottom:476px;display:inline;\">\u2013 </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t1x_207\" style=\"left:836px;bottom:476px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t1y_207\" style=\"left:65px;bottom:457px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t1z_207\" style=\"left:692px;bottom:457px;letter-spacing:-0.18px;display:inline;\">103 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t20_207\" style=\"left:762px;bottom:457px;letter-spacing:-0.29px;display:inline;\">(18) </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t21_207\" style=\"left:826px;bottom:457px;letter-spacing:-0.26px;display:inline;\">(65) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t22_207\" style=\"left:65px;bottom:439px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Valuation losses recognised in other comprehensive income </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_207\" id=\"t23_207\" style=\"left:700px;bottom:439px;letter-spacing:-0.29px;display:inline;\">(2) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"> <div class=\"t sd_207\" id=\"t25_207\" style=\"left:836px;bottom:439px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_207\" id=\"t24_207\" style=\"left:770px;bottom:439px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t26_207\" style=\"left:65px;bottom:420px;letter-spacing:-0.23px;display:inline;\">Additions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_207\" id=\"t27_207\" style=\"left:703px;bottom:420px;display:inline;\">8 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t sd_207\" id=\"t28_207\" style=\"left:770px;bottom:420px;display:inline;\">\u2013 </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_207\" id=\"t29_207\" style=\"left:836px;bottom:420px;display:inline;\">\u2013 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t sb_207\" id=\"t2a_207\" style=\"left:65px;bottom:402px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Unrealised changes in fair value </div><div class=\"t sc_207\" id=\"t2b_207\" style=\"vertical-align: super;left:221px;bottom:409px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_207\" id=\"t2c_207\" style=\"left:704px;bottom:402px;display:inline;\">\u2013 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t sd_207\" id=\"t2d_207\" style=\"left:764px;bottom:402px;letter-spacing:-0.22px;display:inline;\">18 </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_207\" id=\"t2e_207\" style=\"left:832px;bottom:402px;letter-spacing:-0.5px;display:inline;\">(4) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_207\" id=\"t2f_207\" style=\"left:65px;bottom:383px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Exchange and other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_207\" id=\"t2g_207\" style=\"left:705px;bottom:383px;display:inline;\">1 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t sd_207\" id=\"t2h_207\" style=\"left:770px;bottom:383px;display:inline;\">\u2013 </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_207\" id=\"t2i_207\" style=\"left:836px;bottom:383px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_207\" id=\"t2j_207\" style=\"left:65px;bottom:365px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_207\" id=\"t2k_207\" style=\"left:693px;bottom:365px;letter-spacing:-0.27px;display:inline;\">110 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t sd_207\" id=\"t2l_207\" style=\"left:770px;bottom:365px;display:inline;\">\u2013 </div> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sd_207\" id=\"t2m_207\" style=\"left:824px;bottom:365px;letter-spacing:-0.33px;display:inline;\">(69) </div></td></tr></table>\n<div class=\"t se_207\" id=\"t2n_207\" style=\"left:65px;bottom:341px;display:inline;\">a </div><div class=\"t sf_207\" id=\"t2o_207\" style=\"left:74px;bottom:337px;letter-spacing:0.02px;word-spacing:-0.13px;display:inline;\">The change in the fair value of other payables was recognised within share of pro</div><div class=\"t sg_207\" id=\"t2p_207\" style=\"left:416px;bottom:337px;letter-spacing:0.05px;display:inline;\">fits/(losses) </div><div class=\"t sf_207\" id=\"t2q_207\" style=\"left:467px;bottom:337px;letter-spacing:0.03px;word-spacing:-0.14px;display:inline;\">from associates and joint ventures in the Group income statement and is presented as an </div>exceptional item (see note 6).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f38652": {
   "value": "26. Reconciliation of pro<div class=\"t s3_208\" id=\"t4_208\" style=\"left:206px;bottom:1115px;letter-spacing:-0.06px;display:inline;\">fit </div><div class=\"t s2_208\" id=\"t5_208\" style=\"left:220px;bottom:1115px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">for the year to cash </div><div class=\"t s3_208\" id=\"t6_208\" style=\"left:332px;bottom:1115px;letter-spacing:-0.06px;display:inline;\">flow </div><div class=\"t s2_208\" id=\"t7_208\" style=\"left:360px;bottom:1115px;word-spacing:-0.13px;display:inline;\">from operations </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_208\" id=\"t8_208\" style=\"left:686px;bottom:1101px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_208\" id=\"ta_208\" style=\"left:753px;bottom:1101px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_208\" id=\"tc_208\" style=\"left:821px;bottom:1101px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_208\" id=\"t9_208\" style=\"left:695px;bottom:1090px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_208\" id=\"tb_208\" style=\"left:761px;bottom:1090px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_208\" id=\"td_208\" style=\"left:827px;bottom:1090px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_208\" id=\"te_208\" style=\"left:65px;bottom:1073px;letter-spacing:-0.18px;display:inline;\">Profit </div> <div class=\"t s7_208\" id=\"tf_208\" style=\"left:95px;bottom:1073px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">for the year </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"tg_208\" style=\"left:689px;bottom:1073px;letter-spacing:-0.23px;display:inline;\">750 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"th_208\" style=\"left:757px;bottom:1073px;letter-spacing:-0.35px;display:inline;\">376 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"ti_208\" style=\"left:822px;bottom:1073px;letter-spacing:-0.16px;display:inline;\">265 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"tj_208\" style=\"left:65px;bottom:1055px;letter-spacing:-0.28px;word-spacing:-0.08px;display:inline;\">Adjustments for: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_208\" id=\"tk_208\" style=\"left:65px;bottom:1036px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">Net financial expenses </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"tl_208\" style=\"left:696px;bottom:1036px;letter-spacing:-0.37px;display:inline;\">52 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"tm_208\" style=\"left:762px;bottom:1036px;letter-spacing:-0.06px;display:inline;\">96 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"tn_208\" style=\"left:824px;bottom:1036px;letter-spacing:-0.18px;display:inline;\">139 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"to_208\" style=\"left:65px;bottom:1018px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Fair value losses/(gains) on contingent purchase consideration </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"tp_208\" style=\"left:702px;bottom:1018px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"tq_208\" style=\"left:766px;bottom:1018px;letter-spacing:-0.37px;display:inline;\">(8) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"tr_208\" style=\"left:832px;bottom:1018px;letter-spacing:-0.38px;display:inline;\">(6) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"ts_208\" style=\"left:65px;bottom:999px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Income tax charge </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"tt_208\" style=\"left:688px;bottom:999px;letter-spacing:-0.2px;display:inline;\">260 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"tu_208\" style=\"left:758px;bottom:999px;letter-spacing:-0.14px;display:inline;\">164 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"tv_208\" style=\"left:828px;bottom:999px;letter-spacing:-0.06px;display:inline;\">96 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_208\" id=\"tw_208\" style=\"left:65px;bottom:981px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Operating profit adjustments: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_208\" id=\"tx_208\" style=\"left:73px;bottom:962px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Impairment (reversal)/loss on financial assets </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"ty_208\" style=\"left:701px;bottom:962px;letter-spacing:-0.39px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"tz_208\" style=\"left:769px;bottom:962px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t10_208\" style=\"left:836px;bottom:962px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t11_208\" style=\"left:73px;bottom:943px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Other net impairment (reversals)/charges </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t12_208\" style=\"left:703px;bottom:943px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t13_208\" style=\"left:766px;bottom:943px;letter-spacing:-0.29px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t14_208\" style=\"left:835px;bottom:943px;display:inline;\">4 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t15_208\" style=\"left:73px;bottom:925px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Other operating exceptional items </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t16_208\" style=\"left:692px;bottom:925px;letter-spacing:-0.27px;display:inline;\">(28) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t17_208\" style=\"left:756px;bottom:925px;letter-spacing:-0.15px;display:inline;\">100 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t18_208\" style=\"left:829px;bottom:925px;letter-spacing:-0.21px;display:inline;\">25 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t19_208\" style=\"left:73px;bottom:906px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Depreciation and amortisation </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t1a_208\" style=\"left:696px;bottom:906px;letter-spacing:-0.23px;display:inline;\">67 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t1b_208\" style=\"left:762px;bottom:906px;letter-spacing:-0.11px;display:inline;\">68 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t1c_208\" style=\"left:828px;bottom:906px;letter-spacing:-0.11px;display:inline;\">98 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t1d_208\" style=\"left:695px;bottom:888px;letter-spacing:-0.16px;display:inline;\">38 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t1e_208\" style=\"left:758px;bottom:888px;letter-spacing:-0.15px;display:inline;\">168 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t1f_208\" style=\"left:826px;bottom:888px;letter-spacing:-0.21px;display:inline;\">127 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t1g_208\" style=\"left:73px;bottom:851px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Contract assets deduction in revenue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t1h_208\" style=\"left:696px;bottom:851px;letter-spacing:-0.26px;display:inline;\">37 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t1i_208\" style=\"left:763px;bottom:851px;letter-spacing:-0.24px;display:inline;\">32 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t1j_208\" style=\"left:829px;bottom:851px;letter-spacing:-0.09px;display:inline;\">35 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t1k_208\" style=\"left:73px;bottom:832px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">Share-based payments cost </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t1l_208\" style=\"left:695px;bottom:832px;letter-spacing:-0.21px;display:inline;\">36 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t1m_208\" style=\"left:762px;bottom:832px;letter-spacing:-0.16px;display:inline;\">30 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t1n_208\" style=\"left:829px;bottom:832px;letter-spacing:-0.28px;display:inline;\">28 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t1o_208\" style=\"left:73px;bottom:814px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Share of (pro</div><div class=\"t s9_208\" id=\"t1p_208\" style=\"left:137px;bottom:814px;letter-spacing:-0.2px;word-spacing:-0.14px;display:inline;\">fits)/losses o</div><div class=\"t s8_208\" id=\"t1q_208\" style=\"left:199px;bottom:814px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">f associates and joint ventures (before exceptional items) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t1r_208\" style=\"left:694px;bottom:814px;letter-spacing:-0.35px;display:inline;\">(13) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t1s_208\" style=\"left:768px;bottom:814px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t1t_208\" style=\"left:835px;bottom:814px;display:inline;\">8 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t1u_208\" style=\"left:694px;bottom:795px;letter-spacing:-0.2px;display:inline;\">60 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t1v_208\" style=\"left:764px;bottom:795px;letter-spacing:-0.09px;display:inline;\">61 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t1w_208\" style=\"left:831px;bottom:795px;letter-spacing:-0.01px;display:inline;\">71 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t1x_208\" style=\"left:65px;bottom:777px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">System Fund adjustments: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t1y_208\" style=\"left:73px;bottom:758px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Depreciation and amortisation </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t1z_208\" style=\"left:695px;bottom:758px;letter-spacing:-0.15px;display:inline;\">83 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t20_208\" style=\"left:762px;bottom:758px;letter-spacing:-0.13px;display:inline;\">86 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t21_208\" style=\"left:828px;bottom:758px;letter-spacing:-0.2px;display:inline;\">94 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_208\" id=\"t22_208\" style=\"left:73px;bottom:740px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Impairment loss/(reversal) on financial assets </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t23_208\" style=\"left:703px;bottom:740px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t24_208\" style=\"left:770px;bottom:740px;display:inline;\">7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t25_208\" style=\"left:832px;bottom:740px;letter-spacing:-0.38px;display:inline;\">(6) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t26_208\" style=\"left:73px;bottom:721px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Other impairment reversals </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t27_208\" style=\"left:703px;bottom:721px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t28_208\" style=\"left:770px;bottom:721px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t29_208\" style=\"left:832px;bottom:721px;letter-spacing:-0.4px;display:inline;\">(3) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t2a_208\" style=\"left:73px;bottom:703px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">Share-based payments cost </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t2b_208\" style=\"left:695px;bottom:703px;letter-spacing:-0.2px;display:inline;\">20 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t2c_208\" style=\"left:764px;bottom:703px;letter-spacing:-0.2px;display:inline;\">16 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t2d_208\" style=\"left:831px;bottom:703px;letter-spacing:-0.25px;display:inline;\">13 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t2e_208\" style=\"left:73px;bottom:684px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Share of losses of associates </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t2f_208\" style=\"left:702px;bottom:684px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t2g_208\" style=\"left:771px;bottom:684px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t2h_208\" style=\"left:835px;bottom:684px;display:inline;\">2 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t2i_208\" style=\"left:690px;bottom:665px;letter-spacing:-0.18px;display:inline;\">106 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t2j_208\" style=\"left:760px;bottom:665px;letter-spacing:-0.27px;display:inline;\">110 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t2k_208\" style=\"left:822px;bottom:665px;letter-spacing:-0.15px;display:inline;\">100 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t2l_208\" style=\"left:65px;bottom:647px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Working capital and other adjustments: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t2m_208\" style=\"left:73px;bottom:628px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Increase in deferred revenue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t2n_208\" style=\"left:691px;bottom:628px;letter-spacing:-0.23px;display:inline;\">123 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t2o_208\" style=\"left:757px;bottom:628px;letter-spacing:-0.17px;display:inline;\">108 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t2p_208\" style=\"left:828px;bottom:628px;letter-spacing:-0.13px;display:inline;\">39 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t2q_208\" style=\"left:73px;bottom:610px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Decrease in inventories </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t2r_208\" style=\"left:703px;bottom:610px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t2s_208\" style=\"left:770px;bottom:610px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t2t_208\" style=\"left:837px;bottom:610px;display:inline;\">1 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t2u_208\" style=\"left:73px;bottom:591px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Increase in trade and other receivables </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t2v_208\" style=\"left:692px;bottom:591px;letter-spacing:-0.32px;display:inline;\">(70) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t2w_208\" style=\"left:756px;bottom:591px;letter-spacing:-0.28px;display:inline;\">(132) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t2x_208\" style=\"left:826px;bottom:591px;letter-spacing:-0.15px;display:inline;\">(75) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t2y_208\" style=\"left:73px;bottom:573px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Increase in trade and other payables </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t2z_208\" style=\"left:698px;bottom:573px;letter-spacing:-0.24px;display:inline;\">31 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t30_208\" style=\"left:761px;bottom:573px;letter-spacing:-0.14px;display:inline;\">121 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t31_208\" style=\"left:824px;bottom:573px;letter-spacing:-0.14px;display:inline;\">153 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t32_208\" style=\"left:73px;bottom:554px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Other adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t33_208\" style=\"left:699px;bottom:554px;letter-spacing:-0.37px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t34_208\" style=\"left:769px;bottom:554px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t35_208\" style=\"left:832px;bottom:554px;letter-spacing:-0.37px;display:inline;\">(8) </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t36_208\" style=\"left:696px;bottom:536px;letter-spacing:-0.32px;display:inline;\">79 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t37_208\" style=\"left:760px;bottom:536px;letter-spacing:-0.15px;display:inline;\">101 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t38_208\" style=\"left:826px;bottom:536px;letter-spacing:-0.27px;display:inline;\">110 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_208\" id=\"t39_208\" style=\"left:65px;bottom:499px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Cash flows relating to exceptional items </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t3a_208\" style=\"left:692px;bottom:499px;letter-spacing:-0.25px;display:inline;\">(29) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t3b_208\" style=\"left:759px;bottom:499px;letter-spacing:-0.3px;display:inline;\">(43) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t3c_208\" style=\"left:828px;bottom:499px;letter-spacing:-0.3px;display:inline;\">(12) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t3d_208\" style=\"left:65px;bottom:480px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Contract acquisition costs, net of repayments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t3e_208\" style=\"left:689px;bottom:480px;letter-spacing:-0.29px;display:inline;\">(101) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t3f_208\" style=\"left:759px;bottom:480px;letter-spacing:-0.3px;display:inline;\">(64) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t3g_208\" style=\"left:826px;bottom:480px;letter-spacing:-0.39px;display:inline;\">(42) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t3h_208\" style=\"left:65px;bottom:462px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Total adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t3i_208\" style=\"left:688px;bottom:462px;letter-spacing:-0.17px;display:inline;\">469 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t3j_208\" style=\"left:756px;bottom:462px;letter-spacing:-0.13px;display:inline;\">585 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t3k_208\" style=\"left:822px;bottom:462px;letter-spacing:-0.14px;display:inline;\">583 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_208\" id=\"t3l_208\" style=\"left:65px;bottom:425px;letter-spacing:-0.19px;word-spacing:-0.16px;display:inline;\">Cash flow </div><div class=\"t s7_208\" id=\"t3m_208\" style=\"left:117px;bottom:425px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">from operations </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_208\" id=\"t3n_208\" style=\"left:683px;bottom:425px;letter-spacing:-0.16px;display:inline;\">1,219 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t3o_208\" style=\"left:758px;bottom:425px;letter-spacing:-0.07px;display:inline;\">961 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_208\" id=\"t3p_208\" style=\"left:822px;bottom:425px;letter-spacing:-0.08px;display:inline;\">848 </div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashFlowStatementExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f38978": {
   "value": "27. Retirement benefits <div class=\"t s1_209\" id=\"t2_209\" style=\"left:65px;bottom:1100px;letter-spacing:0.11px;display:inline;\">UK </div><div class=\"t s2_209\" id=\"t3_209\" style=\"left:65px;bottom:1084px;letter-spacing:-0.11px;word-spacing:-0.1px;display:inline;\">Since 2014, UK retirement and death in service benefits are provided </div><div class=\"t s3_209\" id=\"t4_209\" style=\"left:446px;bottom:1084px;letter-spacing:-0.11px;word-spacing:-0.09px;display:inline;\">for eligible employees by the IHG UK De</div><div class=\"t s2_209\" id=\"t5_209\" style=\"left:666px;bottom:1084px;letter-spacing:-0.1px;word-spacing:-0.11px;display:inline;\">fined Contribution Pension Plan. </div><div class=\"t s2_209\" id=\"t6_209\" style=\"left:65px;bottom:1069px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Members are provided with defined contribution arrangements under this plan; benefits are based on each individual member\u2019s personal </div><div class=\"t s3_209\" id=\"t7_209\" style=\"left:65px;bottom:1054px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">account. The plan is HM Revenue &amp; Customs registered and governed by an independent trustee, assisted by professional advisers as and </div><div class=\"t s3_209\" id=\"t8_209\" style=\"left:65px;bottom:1039px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">when required. The overall operation of the plan is subject to the oversight of The Pensions Regulator. </div><div class=\"t s3_209\" id=\"t9_209\" style=\"left:65px;bottom:1016px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The former de</div><div class=\"t s2_209\" id=\"ta_209\" style=\"left:144px;bottom:1016px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">fined benefit plan, the InterContinental Hotels UK Pension Plan, was wound up in 2015 </div><div class=\"t s3_209\" id=\"tb_209\" style=\"left:623px;bottom:1016px;letter-spacing:-0.07px;word-spacing:-0.09px;display:inline;\">following the completion of the buy-out </div><div class=\"t s3_209\" id=\"tc_209\" style=\"left:65px;bottom:1000px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">and transfer of the de</div><div class=\"t s2_209\" id=\"td_209\" style=\"left:185px;bottom:1000px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">fined benefit obligations to Rothesay Li</div><div class=\"t s3_209\" id=\"te_209\" style=\"left:402px;bottom:1000px;letter-spacing:-0.12px;display:inline;\">fe. </div><div class=\"t s2_209\" id=\"tf_209\" style=\"left:65px;bottom:977px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Residual defined benefit obligations remain in respect o</div><div class=\"t s3_209\" id=\"tg_209\" style=\"left:376px;bottom:977px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">f additional bene</div><div class=\"t s2_209\" id=\"th_209\" style=\"left:470px;bottom:977px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">fits provided to members o</div><div class=\"t s3_209\" id=\"ti_209\" style=\"left:621px;bottom:977px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">f an unfunded pension arrangement </div><div class=\"t s3_209\" id=\"tj_209\" style=\"left:65px;bottom:962px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">(\u2018UK plan\u2019) who were a\ufb00ected by lifetime or annual allowances under the former de</div><div class=\"t s2_209\" id=\"tk_209\" style=\"left:524px;bottom:962px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">fined benefit arrangements. Accrual under this </div><div class=\"t s3_209\" id=\"tl_209\" style=\"left:65px;bottom:947px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">arrangement ceased with e\ufb00ect from 1 July 2013 and a cash-out o\ufb00er in 2014 resulted in the extinguishment of approximately 70% of the </div><div class=\"t s3_209\" id=\"tm_209\" style=\"left:65px;bottom:932px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">unfunded pension obligations. The Group meets the bene</div><div class=\"t s2_209\" id=\"tn_209\" style=\"left:388px;bottom:932px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">fit payment obligations o</div><div class=\"t s3_209\" id=\"to_209\" style=\"left:526px;bottom:932px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">f the remaining members as they fall due. A charge over </div><div class=\"t s3_209\" id=\"tp_209\" style=\"left:65px;bottom:916px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">certain ring-fenced bank accounts totalling $32m (\u00a325m) at 31 December 2023 (see note 16) is currently held as security on behalf of the </div><div class=\"t s2_209\" id=\"tq_209\" style=\"left:65px;bottom:901px;letter-spacing:-0.01px;word-spacing:-0.11px;display:inline;\">remaining members. </div><div class=\"t s1_209\" id=\"tr_209\" style=\"left:65px;bottom:878px;letter-spacing:0.09px;display:inline;\">US </div><div class=\"t s3_209\" id=\"ts_209\" style=\"left:65px;bottom:863px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">During 2018, the Group completed a termination of the US funded Inter-Continental Hotels Pension Plan, which involved certain qualifying </div><div class=\"t s3_209\" id=\"tt_209\" style=\"left:65px;bottom:848px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">members receiving lump-sum cash-out payments with the remaining pension obligations subject to a buy-out by Banner Life Insurance </div><div class=\"t s3_209\" id=\"tu_209\" style=\"left:65px;bottom:832px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Company, a subsidiary of Legal &amp; General America. </div><div class=\"t s3_209\" id=\"tv_209\" style=\"left:65px;bottom:809px;letter-spacing:-0.21px;word-spacing:-0.09px;display:inline;\">The Group continues to maintain the unfunded Inter-Continental Hotels Non-quali</div><div class=\"t s2_209\" id=\"tw_209\" style=\"left:508px;bottom:809px;letter-spacing:-0.19px;word-spacing:-0.11px;display:inline;\">fied Pension Plans (\u2018US plans\u2019) and un</div><div class=\"t s3_209\" id=\"tx_209\" style=\"left:709px;bottom:809px;letter-spacing:-0.21px;word-spacing:-0.1px;display:inline;\">funded Inter-Continental </div><div class=\"t s2_209\" id=\"ty_209\" style=\"left:65px;bottom:794px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">Hotels Corporation Postretirement Medical, Dental, Vision and Death Benefit Plan (\u2018US post-retirement plan\u2019), both o</div><div class=\"t s3_209\" id=\"tz_209\" style=\"left:708px;bottom:794px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">f which are de</div><div class=\"t s2_209\" id=\"t10_209\" style=\"left:786px;bottom:794px;letter-spacing:0.03px;display:inline;\">fined </div><div class=\"t s2_209\" id=\"t11_209\" style=\"left:65px;bottom:779px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">benefit plans. Both plans are closed to new members. A Retirement Committee, comprising senior Group employees and assisted by </div><div class=\"t s3_209\" id=\"t12_209\" style=\"left:65px;bottom:764px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">professional advisers as and when required, has responsibility for oversight of the plans. </div><div class=\"t s1_209\" id=\"t13_209\" style=\"left:65px;bottom:741px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">Movement in UK and US retirement benefit obligations </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_209\" id=\"t14_209\" style=\"left:686px;bottom:727px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_209\" id=\"t16_209\" style=\"left:753px;bottom:727px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_209\" id=\"t18_209\" style=\"left:821px;bottom:727px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_209\" id=\"t15_209\" style=\"left:695px;bottom:716px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_209\" id=\"t17_209\" style=\"left:761px;bottom:716px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_209\" id=\"t19_209\" style=\"left:827px;bottom:716px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t1a_209\" style=\"left:65px;bottom:698px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">At 1 January </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_209\" id=\"t1b_209\" style=\"left:695px;bottom:698px;letter-spacing:-0.17px;display:inline;\">66 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t1c_209\" style=\"left:763px;bottom:698px;letter-spacing:-0.15px;display:inline;\">92 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t1d_209\" style=\"left:823px;bottom:698px;letter-spacing:-0.18px;display:inline;\">103 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_209\" id=\"t1e_209\" style=\"left:65px;bottom:680px;letter-spacing:-0.19px;word-spacing:-0.16px;display:inline;\">Recognised in profit or loss </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t1f_209\" style=\"left:65px;bottom:661px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Interest expense </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_209\" id=\"t1g_209\" style=\"left:702px;bottom:661px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t1h_209\" style=\"left:769px;bottom:661px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t1i_209\" style=\"left:835px;bottom:661px;display:inline;\">2 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_209\" id=\"t1j_209\" style=\"left:702px;bottom:642px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t1k_209\" style=\"left:769px;bottom:642px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t1l_209\" style=\"left:835px;bottom:642px;display:inline;\">2 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_209\" id=\"t1m_209\" style=\"left:65px;bottom:624px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">Recognised in other comprehensive income </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_209\" id=\"t1n_209\" style=\"left:65px;bottom:605px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Actuarial loss/(gain) arising from changes in: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t1o_209\" style=\"left:73px;bottom:587px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Demographic assumptions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_209\" id=\"t1p_209\" style=\"left:701px;bottom:587px;letter-spacing:-0.39px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t1q_209\" style=\"left:768px;bottom:587px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t1r_209\" style=\"left:832px;bottom:587px;letter-spacing:-0.4px;display:inline;\">(3) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t1s_209\" style=\"left:73px;bottom:568px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Financial assumptions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_209\" id=\"t1t_209\" style=\"left:702px;bottom:568px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t1u_209\" style=\"left:760px;bottom:568px;letter-spacing:-0.16px;display:inline;\">(22) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t1v_209\" style=\"left:832px;bottom:568px;letter-spacing:-0.4px;display:inline;\">(3) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t1w_209\" style=\"left:73px;bottom:550px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">Experience adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_209\" id=\"t1x_209\" style=\"left:704px;bottom:550px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t1y_209\" style=\"left:769px;bottom:550px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t1z_209\" style=\"left:834px;bottom:550px;letter-spacing:-0.35px;display:inline;\">(1) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t20_209\" style=\"left:65px;bottom:531px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Re-measurement loss/(gain) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_209\" id=\"t21_209\" style=\"left:702px;bottom:531px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t22_209\" style=\"left:762px;bottom:531px;letter-spacing:-0.2px;display:inline;\">(21) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t23_209\" style=\"left:832px;bottom:531px;letter-spacing:0.03px;display:inline;\">(7) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t24_209\" style=\"left:65px;bottom:513px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Exchange adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_209\" id=\"t25_209\" style=\"left:703px;bottom:513px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t26_209\" style=\"left:766px;bottom:513px;letter-spacing:-0.26px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t27_209\" style=\"left:834px;bottom:513px;letter-spacing:-0.35px;display:inline;\">(1) </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_209\" id=\"t28_209\" style=\"left:703px;bottom:494px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t29_209\" style=\"left:760px;bottom:494px;letter-spacing:-0.26px;display:inline;\">(23) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t2a_209\" style=\"left:832px;bottom:494px;letter-spacing:-0.37px;display:inline;\">(8) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_209\" id=\"t2b_209\" style=\"left:65px;bottom:476px;letter-spacing:-0.15px;display:inline;\">Other </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t2c_209\" style=\"left:65px;bottom:457px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Group contributions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_209\" id=\"t2d_209\" style=\"left:699px;bottom:457px;letter-spacing:-0.37px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t2e_209\" style=\"left:766px;bottom:457px;letter-spacing:-0.29px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t2f_209\" style=\"left:832px;bottom:457px;letter-spacing:-0.29px;display:inline;\">(5) </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_209\" id=\"t2g_209\" style=\"left:699px;bottom:439px;letter-spacing:-0.37px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t2h_209\" style=\"left:766px;bottom:439px;letter-spacing:-0.29px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t2i_209\" style=\"left:832px;bottom:439px;letter-spacing:-0.29px;display:inline;\">(5) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_209\" id=\"t2j_209\" style=\"left:65px;bottom:420px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_209\" id=\"t2k_209\" style=\"left:695px;bottom:420px;letter-spacing:-0.17px;display:inline;\">66 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t2l_209\" style=\"left:762px;bottom:420px;letter-spacing:-0.1px;display:inline;\">66 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t2m_209\" style=\"left:829px;bottom:420px;letter-spacing:-0.15px;display:inline;\">92 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t2n_209\" style=\"left:65px;bottom:392px;letter-spacing:-0.21px;display:inline;\">Comprising: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t2o_209\" style=\"left:73px;bottom:374px;letter-spacing:-0.21px;word-spacing:-0.16px;display:inline;\">UK plan </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_209\" id=\"t2p_209\" style=\"left:697px;bottom:374px;letter-spacing:-0.19px;display:inline;\">19 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t2q_209\" style=\"left:764px;bottom:374px;letter-spacing:-0.23px;display:inline;\">18 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t2r_209\" style=\"left:827px;bottom:374px;letter-spacing:-0.16px;display:inline;\">30 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t2s_209\" style=\"left:73px;bottom:355px;letter-spacing:-0.21px;word-spacing:-0.16px;display:inline;\">US plans </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_209\" id=\"t2t_209\" style=\"left:695px;bottom:355px;letter-spacing:-0.14px;display:inline;\">34 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t2u_209\" style=\"left:762px;bottom:355px;letter-spacing:-0.09px;display:inline;\">35 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t2v_209\" style=\"left:828px;bottom:355px;letter-spacing:0.01px;display:inline;\">45 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t2w_209\" style=\"left:73px;bottom:337px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">US post-retirement plan </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_209\" id=\"t2x_209\" style=\"left:698px;bottom:337px;letter-spacing:-0.26px;display:inline;\">13 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t2y_209\" style=\"left:765px;bottom:337px;letter-spacing:-0.25px;display:inline;\">13 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t2z_209\" style=\"left:831px;bottom:337px;letter-spacing:-0.32px;display:inline;\">17 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_209\" id=\"t30_209\" style=\"left:695px;bottom:318px;letter-spacing:-0.17px;display:inline;\">66 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t31_209\" style=\"left:762px;bottom:318px;letter-spacing:-0.1px;display:inline;\">66 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_209\" id=\"t32_209\" style=\"left:829px;bottom:318px;letter-spacing:-0.15px;display:inline;\">92 </div></td></tr></table>\n<div class=\"t s3_209\" id=\"t33_209\" style=\"left:65px;bottom:281px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">The value of bene</div><div class=\"t s2_209\" id=\"t34_209\" style=\"left:164px;bottom:281px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">fits paid is equal to contributions paid into the plans by the Group. </div><div class=\"t s9_209\" id=\"t35_209\" style=\"left:65px;bottom:31px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\"> </div><div class=\"t m0_209 sa_209\" id=\"t36_209\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t s9_209\" id=\"t37_209\" style=\"left:823px;bottom:31px;letter-spacing:-0.11px;display:inline;\"></div><div></div><div class=\"t s2_210\" id=\"t3_210\" style=\"left:65px;bottom:1100px;letter-spacing:0.06px;display:inline;\">Assumptions </div><div class=\"t s3_210\" id=\"t4_210\" style=\"left:65px;bottom:1084px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">The principal financial assumptions used by the actuaries to determine the defined benefit obligations are: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_210\" id=\"t5_210\" style=\"left:686px;bottom:1067px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_210\" id=\"t7_210\" style=\"left:753px;bottom:1067px;letter-spacing:0.17px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_210\" id=\"t9_210\" style=\"left:821px;bottom:1067px;letter-spacing:0.14px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_210\" id=\"t6_210\" style=\"left:702px;bottom:1056px;display:inline;\">% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_210\" id=\"t8_210\" style=\"left:768px;bottom:1056px;display:inline;\">% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_210\" id=\"ta_210\" style=\"left:834px;bottom:1056px;display:inline;\">% </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"tb_210\" style=\"left:65px;bottom:1039px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">UK plan only: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"tc_210\" style=\"left:73px;bottom:1020px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">Pension increases </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"td_210\" style=\"left:695px;bottom:1020px;letter-spacing:-0.38px;display:inline;\">3.1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"te_210\" style=\"left:760px;bottom:1020px;letter-spacing:-0.06px;display:inline;\">3.2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"tf_210\" style=\"left:825px;bottom:1020px;letter-spacing:-0.17px;display:inline;\">3.4 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"tg_210\" style=\"left:73px;bottom:1002px;letter-spacing:-0.22px;word-spacing:-0.11px;display:inline;\">Inflation rate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"th_210\" style=\"left:695px;bottom:1002px;letter-spacing:-0.38px;display:inline;\">3.1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"ti_210\" style=\"left:760px;bottom:1002px;letter-spacing:-0.06px;display:inline;\">3.2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"tj_210\" style=\"left:825px;bottom:1002px;letter-spacing:-0.17px;display:inline;\">3.4 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"tk_210\" style=\"left:65px;bottom:965px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Discount rate: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"tl_210\" style=\"left:73px;bottom:946px;letter-spacing:-0.21px;word-spacing:-0.16px;display:inline;\">UK plan </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"tm_210\" style=\"left:692px;bottom:946px;letter-spacing:-0.14px;display:inline;\">4.8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"tn_210\" style=\"left:759px;bottom:946px;letter-spacing:-0.29px;display:inline;\">5.0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"to_210\" style=\"left:828px;bottom:946px;letter-spacing:-0.18px;display:inline;\">1.8 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"tp_210\" style=\"left:73px;bottom:927px;letter-spacing:-0.21px;word-spacing:-0.16px;display:inline;\">US plans </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"tq_210\" style=\"left:693px;bottom:927px;letter-spacing:-0.3px;display:inline;\">4.7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"tr_210\" style=\"left:759px;bottom:927px;letter-spacing:-0.15px;display:inline;\">4.9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"ts_210\" style=\"left:826px;bottom:927px;letter-spacing:-0.18px;display:inline;\">2.4 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"tt_210\" style=\"left:73px;bottom:909px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">US post-retirement plan </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"tu_210\" style=\"left:693px;bottom:909px;letter-spacing:-0.3px;display:inline;\">4.7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"tv_210\" style=\"left:759px;bottom:909px;letter-spacing:-0.15px;display:inline;\">4.9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"tw_210\" style=\"left:826px;bottom:909px;letter-spacing:-0.18px;display:inline;\">2.4 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_210\" id=\"tx_210\" style=\"left:65px;bottom:872px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">US healthcare cost trend rate assumed for the next year: </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"ty_210\" style=\"left:73px;bottom:853px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Pre-65 (ultimate rate reached in 2034) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"tz_210\" style=\"left:694px;bottom:853px;letter-spacing:-0.53px;display:inline;\">7.8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t10_210\" style=\"left:759px;bottom:853px;letter-spacing:-0.17px;display:inline;\">6.9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t11_210\" style=\"left:826px;bottom:853px;letter-spacing:-0.08px;display:inline;\">6.2 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t12_210\" style=\"left:73px;bottom:835px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Post-65 (ultimate rate reached in 2034) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t13_210\" style=\"left:692px;bottom:835px;letter-spacing:-0.25px;display:inline;\">8.6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t14_210\" style=\"left:761px;bottom:835px;letter-spacing:-0.5px;display:inline;\">7.3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t15_210\" style=\"left:825px;bottom:835px;letter-spacing:-0.13px;display:inline;\">6.5 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t16_210\" style=\"left:65px;bottom:816px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">Ultimate rate that the cost rate trends to </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t17_210\" style=\"left:692px;bottom:816px;letter-spacing:-0.13px;display:inline;\">4.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t18_210\" style=\"left:759px;bottom:816px;letter-spacing:-0.1px;display:inline;\">4.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t19_210\" style=\"left:825px;bottom:816px;letter-spacing:-0.1px;display:inline;\">4.5 </div></td></tr></table>\n<div class=\"t s3_210\" id=\"t1a_210\" style=\"left:65px;bottom:787px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">Mortality is the most significant demographic assumption. The current assumptions </div><div class=\"t s9_210\" id=\"t1b_210\" style=\"left:534px;bottom:787px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">for the UK are based on the S3PA \u2018light\u2019 year of birth </div><div class=\"t s3_210\" id=\"t1c_210\" style=\"left:65px;bottom:771px;letter-spacing:-0.09px;word-spacing:-0.14px;display:inline;\">tables with projected mortality improvements using the CMI_2022 model and a 1.25% per annum long-term trend and a smoothing parameter </div><div class=\"t s9_210\" id=\"t1d_210\" style=\"left:65px;bottom:756px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">(\u2018s-kappa\u2019) of 7.0 with weightings of 92% and 86% for pensioners and 87% and 86% for non-pensioners, male and female respectively. In the </div><div class=\"t s9_210\" id=\"t1e_210\" style=\"left:65px;bottom:741px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">US, the current assumptions use rates from the Pri-2012 Mortality Study and Generationally Projected with Scale MP</div><div class=\"t sa_210\" id=\"t1f_210\" style=\"left:708px;bottom:741px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">-2021 mortality tables. </div><div class=\"t s9_210\" id=\"t1g_210\" style=\"left:65px;bottom:718px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The assumptions applied to the UK plan and US plans for life expectancy at retirement age are as follows: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_210\" id=\"t1h_210\" style=\"left:630px;bottom:696px;letter-spacing:0.16px;display:inline;\">UK </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_210\" id=\"t1i_210\" style=\"left:828px;bottom:696px;letter-spacing:0.15px;display:inline;\">US </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_210\" id=\"t1j_210\" style=\"left:487px;bottom:680px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_210\" id=\"t1l_210\" style=\"left:555px;bottom:680px;letter-spacing:0.17px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_210\" id=\"t1n_210\" style=\"left:623px;bottom:680px;letter-spacing:0.14px;display:inline;\">2021 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_210\" id=\"t1p_210\" style=\"left:686px;bottom:680px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_210\" id=\"t1r_210\" style=\"left:753px;bottom:680px;letter-spacing:0.17px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_210\" id=\"t1t_210\" style=\"left:821px;bottom:680px;letter-spacing:0.14px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_210\" id=\"t1k_210\" style=\"left:487px;bottom:669px;letter-spacing:0.07px;display:inline;\">years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_210\" id=\"t1m_210\" style=\"left:554px;bottom:669px;letter-spacing:0.06px;display:inline;\">years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_210\" id=\"t1o_210\" style=\"left:620px;bottom:669px;letter-spacing:0.06px;display:inline;\">years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_210\" id=\"t1q_210\" style=\"left:685px;bottom:669px;letter-spacing:0.07px;display:inline;\">years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_210\" id=\"t1s_210\" style=\"left:752px;bottom:669px;letter-spacing:0.06px;display:inline;\">years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_210\" id=\"t1u_210\" style=\"left:818px;bottom:669px;letter-spacing:0.06px;display:inline;\">years </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s6_210\" id=\"t1v_210\" style=\"left:65px;bottom:651px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Current pensioners at 65 </div><div class=\"t sc_210\" id=\"t1w_210\" style=\"vertical-align: super;left:188px;bottom:658px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t1x_210\" style=\"left:208px;bottom:651px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">\u2013 male </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t1y_210\" style=\"left:498px;bottom:651px;letter-spacing:-0.21px;display:inline;\">23 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t1z_210\" style=\"left:565px;bottom:651px;letter-spacing:-0.38px;display:inline;\">24 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t20_210\" style=\"left:631px;bottom:651px;letter-spacing:-0.38px;display:inline;\">24 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t21_210\" style=\"left:696px;bottom:651px;letter-spacing:-0.04px;display:inline;\">22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t22_210\" style=\"left:763px;bottom:651px;letter-spacing:0.03px;display:inline;\">22 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t23_210\" style=\"left:829px;bottom:651px;letter-spacing:0.03px;display:inline;\">22 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_210\" id=\"t24_210\" style=\"left:208px;bottom:633px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">\u2013 female </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t25_210\" style=\"left:498px;bottom:633px;letter-spacing:-0.12px;display:inline;\">25 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t26_210\" style=\"left:565px;bottom:633px;letter-spacing:-0.26px;display:inline;\">26 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t27_210\" style=\"left:631px;bottom:633px;letter-spacing:-0.26px;display:inline;\">26 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t28_210\" style=\"left:696px;bottom:633px;letter-spacing:-0.21px;display:inline;\">23 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t29_210\" style=\"left:763px;bottom:633px;letter-spacing:-0.24px;display:inline;\">23 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t2a_210\" style=\"left:829px;bottom:633px;letter-spacing:-0.24px;display:inline;\">23 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s6_210\" id=\"t2b_210\" style=\"left:65px;bottom:614px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Future pensioners at 65 </div><div class=\"t sc_210\" id=\"t2c_210\" style=\"vertical-align: super;left:181px;bottom:621px;display:inline;\">b </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t2d_210\" style=\"left:208px;bottom:614px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">\u2013 male </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t2e_210\" style=\"left:498px;bottom:614px;letter-spacing:-0.21px;display:inline;\">23 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t2f_210\" style=\"left:565px;bottom:614px;letter-spacing:-0.21px;display:inline;\">25 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t2g_210\" style=\"left:631px;bottom:614px;letter-spacing:-0.21px;display:inline;\">25 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t2h_210\" style=\"left:696px;bottom:614px;letter-spacing:-0.21px;display:inline;\">23 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t2i_210\" style=\"left:763px;bottom:614px;letter-spacing:-0.24px;display:inline;\">23 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t2j_210\" style=\"left:829px;bottom:614px;letter-spacing:-0.24px;display:inline;\">23 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_210\" id=\"t2k_210\" style=\"left:208px;bottom:596px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">\u2013 female </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t2l_210\" style=\"left:498px;bottom:596px;letter-spacing:-0.12px;display:inline;\">25 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t2m_210\" style=\"left:566px;bottom:596px;letter-spacing:-0.16px;display:inline;\">27 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t2n_210\" style=\"left:631px;bottom:596px;letter-spacing:-0.28px;display:inline;\">28 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t2o_210\" style=\"left:696px;bottom:596px;letter-spacing:-0.12px;display:inline;\">25 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t2p_210\" style=\"left:763px;bottom:596px;letter-spacing:-0.21px;display:inline;\">25 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t2q_210\" style=\"left:829px;bottom:596px;letter-spacing:-0.21px;display:inline;\">25 </div></td></tr></table>\n<div class=\"t sd_210\" id=\"t2r_210\" style=\"left:65px;bottom:572px;display:inline;\">a </div><div class=\"t se_210\" id=\"t2s_210\" style=\"left:74px;bottom:568px;letter-spacing:0.04px;word-spacing:-0.14px;display:inline;\">Relates to assumptions based on longevity following retirement at the end of the reporting period. </div><div class=\"t sd_210\" id=\"t2t_210\" style=\"left:65px;bottom:554px;display:inline;\">b </div><div class=\"t s5_210\" id=\"t2u_210\" style=\"left:74px;bottom:550px;letter-spacing:0.03px;word-spacing:-0.14px;display:inline;\">Relates to assumptions based on longevity relating to an employee retiring in 2043. </div><div class=\"t s9_210\" id=\"t2v_210\" style=\"left:65px;bottom:518px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The assumptions allow for expected increases in longevity. </div><div class=\"t s2_210\" id=\"t2w_210\" style=\"left:65px;bottom:495px;letter-spacing:0.01px;display:inline;\">Sensitivities </div><div class=\"t s9_210\" id=\"t2x_210\" style=\"left:65px;bottom:480px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">Changes in assumptions used for determining retirement bene</div><div class=\"t s3_210\" id=\"t2y_210\" style=\"left:415px;bottom:480px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">fit costs and obligations may have an impact on the Group income statement </div><div class=\"t s9_210\" id=\"t2z_210\" style=\"left:65px;bottom:465px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">and the Group statement of </div><div class=\"t s3_210\" id=\"t30_210\" style=\"left:222px;bottom:465px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">financial position. The key assumptions are the discount rate, the rate o</div><div class=\"t s9_210\" id=\"t31_210\" style=\"left:617px;bottom:465px;letter-spacing:-0.14px;word-spacing:-0.03px;display:inline;\">f in</div><div class=\"t s3_210\" id=\"t32_210\" style=\"left:634px;bottom:465px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">flation, the assumed mortality rate </div><div class=\"t s3_210\" id=\"t33_210\" style=\"left:65px;bottom:449px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">and the healthcare costs trend rate. The sensitivity analysis below relates to the increase/(decrease) in the benefit obligation and is based </div><div class=\"t s3_210\" id=\"t34_210\" style=\"left:65px;bottom:434px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">on extrapolating reasonable changes in these assumptions, using year-end conditions and assuming no interdependency between </div><div class=\"t s3_210\" id=\"t35_210\" style=\"left:65px;bottom:419px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">the assumptions: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_210\" id=\"t36_210\" style=\"left:752px;bottom:397px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_210\" id=\"t38_210\" style=\"left:819px;bottom:397px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_210\" id=\"t37_210\" style=\"left:761px;bottom:386px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_210\" id=\"t39_210\" style=\"left:827px;bottom:386px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t3a_210\" style=\"left:65px;bottom:368px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Discount rate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t3b_210\" style=\"left:593px;bottom:368px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">1% decrease </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t3c_210\" style=\"left:768px;bottom:368px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t3d_210\" style=\"left:836px;bottom:368px;display:inline;\">7 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t3e_210\" style=\"left:593px;bottom:350px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">1% increase </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t3f_210\" style=\"left:765px;bottom:350px;letter-spacing:-0.4px;display:inline;\">(6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t3g_210\" style=\"left:832px;bottom:350px;letter-spacing:-0.29px;display:inline;\">(5) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t3h_210\" style=\"left:65px;bottom:331px;letter-spacing:-0.22px;word-spacing:-0.11px;display:inline;\">Inflation rate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t3i_210\" style=\"left:593px;bottom:331px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">0.25% decrease </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t3j_210\" style=\"left:767px;bottom:331px;letter-spacing:-0.39px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t3k_210\" style=\"left:834px;bottom:331px;letter-spacing:-0.35px;display:inline;\">(1) </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t3l_210\" style=\"left:593px;bottom:313px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">0.25% increase </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t3m_210\" style=\"left:770px;bottom:313px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t3n_210\" style=\"left:837px;bottom:313px;display:inline;\">1 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t3o_210\" style=\"left:65px;bottom:294px;letter-spacing:-0.18px;word-spacing:-0.16px;display:inline;\">Mortality rate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t3p_210\" style=\"left:593px;bottom:294px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">One-year increase </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t3q_210\" style=\"left:768px;bottom:294px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t3r_210\" style=\"left:835px;bottom:294px;display:inline;\">3 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t3s_210\" style=\"left:65px;bottom:276px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Healthcare costs trend rate </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t3t_210\" style=\"left:593px;bottom:276px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">1% decrease </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t3u_210\" style=\"left:767px;bottom:276px;letter-spacing:-0.39px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t3v_210\" style=\"left:834px;bottom:276px;letter-spacing:-0.35px;display:inline;\">(1) </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t3w_210\" style=\"left:593px;bottom:257px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">1% increase </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t3x_210\" style=\"left:770px;bottom:257px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t3y_210\" style=\"left:837px;bottom:257px;display:inline;\">1 </div></td></tr></table>\n<div class=\"t sf_210\" id=\"t3z_210\" style=\"left:65px;bottom:224px;word-spacing:-0.13px;display:inline;\">Estimated future bene</div><div class=\"t s2_210\" id=\"t40_210\" style=\"left:193px;bottom:224px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">fit payments </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_210\" id=\"t41_210\" style=\"left:752px;bottom:209px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_210\" id=\"t43_210\" style=\"left:819px;bottom:209px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_210\" id=\"t42_210\" style=\"left:761px;bottom:199px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_210\" id=\"t44_210\" style=\"left:827px;bottom:199px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t45_210\" style=\"left:65px;bottom:179px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Within one year </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t46_210\" style=\"left:768px;bottom:179px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t47_210\" style=\"left:835px;bottom:179px;display:inline;\">5 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t48_210\" style=\"left:65px;bottom:161px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Between one and five years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t49_210\" style=\"left:764px;bottom:161px;letter-spacing:-0.15px;display:inline;\">21 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t4a_210\" style=\"left:828px;bottom:161px;letter-spacing:-0.25px;display:inline;\">20 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t4b_210\" style=\"left:65px;bottom:142px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">More than five years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t4c_210\" style=\"left:761px;bottom:142px;letter-spacing:-0.19px;display:inline;\">86 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t4d_210\" style=\"left:828px;bottom:142px;letter-spacing:-0.11px;display:inline;\">89 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_210\" id=\"t4e_210\" style=\"left:760px;bottom:123px;letter-spacing:-0.28px;display:inline;\">112 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_210\" id=\"t4f_210\" style=\"left:826px;bottom:123px;letter-spacing:-0.34px;display:inline;\">114 </div></td></tr></table>\n<div class=\"t s2_210\" id=\"t4i_210\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t si_210\" id=\"t4j_210\" style=\"left:65px;bottom:31px;letter-spacing:0.07px;display:inline;\"></div><div></div><div class=\"t s2_211\" id=\"t3_211\" style=\"left:65px;bottom:1100px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">Average duration of pension obligations </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_211\" id=\"t4_211\" style=\"left:752px;bottom:1085px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_211\" id=\"t6_211\" style=\"left:819px;bottom:1085px;letter-spacing:0.19px;display:inline;\">2022 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_211\" id=\"t5_211\" style=\"left:751px;bottom:1075px;letter-spacing:0.07px;display:inline;\">years </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_211\" id=\"t7_211\" style=\"left:818px;bottom:1075px;letter-spacing:0.06px;display:inline;\">years </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_211\" id=\"t8_211\" style=\"left:65px;bottom:1056px;letter-spacing:-0.21px;word-spacing:-0.16px;display:inline;\">UK plan </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_211\" id=\"t9_211\" style=\"left:753px;bottom:1057px;letter-spacing:-0.26px;display:inline;\">13.0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_211\" id=\"ta_211\" style=\"left:820px;bottom:1057px;letter-spacing:-0.29px;display:inline;\">14.0 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_211\" id=\"tb_211\" style=\"left:65px;bottom:1038px;letter-spacing:-0.21px;word-spacing:-0.16px;display:inline;\">US plans </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_211\" id=\"tc_211\" style=\"left:760px;bottom:1038px;letter-spacing:-0.52px;display:inline;\">7.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_211\" id=\"td_211\" style=\"left:827px;bottom:1038px;letter-spacing:-0.57px;display:inline;\">7.6 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_211\" id=\"te_211\" style=\"left:65px;bottom:1020px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">US post-retirement plan </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_211\" id=\"tf_211\" style=\"left:758px;bottom:1020px;letter-spacing:-0.28px;display:inline;\">8.0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_211\" id=\"tg_211\" style=\"left:825px;bottom:1020px;letter-spacing:-0.27px;display:inline;\">8.0 </div></td></tr></table>\n<div class=\"t s7_211\" id=\"th_211\" style=\"left:65px;bottom:986px;letter-spacing:0.05px;word-spacing:-0.18px;display:inline;\">Other pension plans </div><div class=\"t s8_211\" id=\"ti_211\" style=\"left:65px;bottom:971px;letter-spacing:-0.04px;display:inline;\">Philippines </div><div class=\"t s9_211\" id=\"tj_211\" style=\"left:65px;bottom:956px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">The Group maintains a further, immaterial, pension plan for employees in the Philippines which is accounted for as a de</div><div class=\"t sa_211\" id=\"tk_211\" style=\"left:727px;bottom:956px;word-spacing:-0.15px;display:inline;\">fined benefit plan. </div><div class=\"t sa_211\" id=\"tl_211\" style=\"left:65px;bottom:933px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">At 31 December 2023, the net retirement benefit asset was $3m (2022: $2m) comprising plan assets o</div><div class=\"t s9_211\" id=\"tm_211\" style=\"left:632px;bottom:933px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">f $12m (2022: $9m) and a de</div><div class=\"t sa_211\" id=\"tn_211\" style=\"left:791px;bottom:933px;letter-spacing:0.03px;display:inline;\">fined </div><div class=\"t sa_211\" id=\"to_211\" style=\"left:65px;bottom:918px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">benefit obligation o</div><div class=\"t s9_211\" id=\"tp_211\" style=\"left:174px;bottom:918px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">f $9m (2022: $7m). Plan assets comprise $7m (2022: $6m) domestic government securities, $3m (2022: $2m) domestic </div><div class=\"t s9_211\" id=\"tq_211\" style=\"left:65px;bottom:902px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">equity investments, $1m (2022: $1m) money market funds and $1m (2022: $nil) domestic corporate bonds. </div><div class=\"t s9_211\" id=\"tr_211\" style=\"left:65px;bottom:880px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">Contributions in the year were $2m (2022: $1m); the charge to System Fund and reimbursables was $1m (2022: $1m) and all other </div><div class=\"t s9_211\" id=\"ts_211\" style=\"left:65px;bottom:864px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">movements were less than $1m (2022: less than $1m). </div><div class=\"t s9_211\" id=\"tt_211\" style=\"left:65px;bottom:841px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">Key assumptions used in the valuation are the discount rate of 6.0% (2022: 7.0%) and the rate of salary increases of 6.0% (2022: 6.0%). </div><div class=\"t s9_211\" id=\"tu_211\" style=\"left:65px;bottom:826px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">The weighted average duration of liabilities is 11 years (2022: 11 years); estimated future bene</div><div class=\"t sa_211\" id=\"tv_211\" style=\"left:577px;bottom:826px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">fit payments are less than $1m in all years. </div><div class=\"t s7_211\" id=\"tw_211\" style=\"left:65px;bottom:803px;letter-spacing:0.01px;word-spacing:-0.15px;display:inline;\">Defined contribution plans </div><div class=\"t s9_211\" id=\"tx_211\" style=\"left:65px;bottom:788px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">The Group also operates a number of smaller pension plans outside the UK, the most signi</div><div class=\"t sa_211\" id=\"ty_211\" style=\"left:566px;bottom:788px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">ficant o</div><div class=\"t s9_211\" id=\"tz_211\" style=\"left:608px;bottom:788px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">f which is a de</div><div class=\"t sa_211\" id=\"t10_211\" style=\"left:687px;bottom:788px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">fined contribution plan </div>in the US.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f39678": {
   "value": "28. Share\u2011based payments <div class=\"t s9_211\" id=\"t13_211\" style=\"left:65px;bottom:727px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">In 2023, the new Deferred Award Plan rules (\u2018DAP\u2019) replaced the IHG Annual Performance Plan (\u2018APP\u2019) and Long Term Incentive Plan (\u2018LTIP\u2019) </div><div class=\"t sa_211\" id=\"t14_211\" style=\"left:65px;bottom:711px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">as a simplified, combined set o</div><div class=\"t s9_211\" id=\"t15_211\" style=\"left:237px;bottom:711px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">f plan rules which govern the Company\u2019s discretionary incentive plans. </div><div class=\"t s9_211\" id=\"t16_211\" style=\"left:65px;bottom:689px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">Awards granted under the DAP can consist of Deferred Annual Incentive (\u2018DAI\u2019), Long-Term Incentive (\u2018LTI\u2019), Restricted Stock Unit (\u2018RSU\u2019) </div><div class=\"t s9_211\" id=\"t17_211\" style=\"left:65px;bottom:673px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">and other ad hoc awards. </div><div class=\"t s9_211\" id=\"t18_211\" style=\"left:65px;bottom:650px;letter-spacing:-0.09px;word-spacing:-0.05px;display:inline;\">The DAP rules were approved at the AGM on 5 May 2023, with all LTI and RSU awards granted after this date and DAI awards granted in </div><div class=\"t s9_211\" id=\"t19_211\" style=\"left:65px;bottom:635px;letter-spacing:-0.09px;word-spacing:-0.05px;display:inline;\">respect of 2024 and future APP years being subject to the rules of the DAP. All previously granted awards will still be subject to the LTIP </div><div class=\"t s9_211\" id=\"t1a_211\" style=\"left:65px;bottom:620px;letter-spacing:-0.09px;word-spacing:-0.05px;display:inline;\">and APP rules respectively. In the transition to the DAP, there have been no changes to accounting for the awards. </div><div class=\"t s2_211\" id=\"t1b_211\" style=\"left:65px;bottom:597px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">Annual Performance/Deferred Annual Incentive Awards </div><div class=\"t s9_211\" id=\"t1c_211\" style=\"left:65px;bottom:582px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">Eligible employees (including Executive Directors) may receive all or part of their bonus in the form of deferred shares and/or receive </div><div class=\"t s9_211\" id=\"t1d_211\" style=\"left:65px;bottom:566px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">one-o\ufb00 awards of shares. Deferred shares in relation to annual performance-related bonus plans are released on the third anniversary of the </div><div class=\"t s9_211\" id=\"t1e_211\" style=\"left:65px;bottom:551px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">award date. Awards are conditional on the participants remaining in the employment of a participating company or leaving for a qualifying </div><div class=\"t s9_211\" id=\"t1f_211\" style=\"left:65px;bottom:536px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">reason. The grant of deferred shares under the APP/DAP is at the discretion of the Remuneration Committee. </div><div class=\"t s9_211\" id=\"t1g_211\" style=\"left:65px;bottom:513px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The number of shares is calculated by dividing a speci</div><div class=\"t sa_211\" id=\"t1h_211\" style=\"left:366px;bottom:513px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">fic percentage o</div><div class=\"t s9_211\" id=\"t1i_211\" style=\"left:458px;bottom:513px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">f the participant\u2019s annual performance-related bonus award by the </div><div class=\"t s9_211\" id=\"t1j_211\" style=\"left:65px;bottom:498px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">average of the middle market quoted prices on the three consecutive business days following the announcement of the Group\u2019s results for </div><div class=\"t sa_211\" id=\"t1k_211\" style=\"left:65px;bottom:482px;letter-spacing:-0.1px;word-spacing:-0.05px;display:inline;\">the relevant financial year. </div><div class=\"t s7_211\" id=\"t1l_211\" style=\"left:65px;bottom:459px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Long Term Incentive Plan and Restricted Stock Units </div><div class=\"t s9_211\" id=\"t1m_211\" style=\"left:65px;bottom:444px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Executive Directors and eligible employees may receive conditional share awards, which normally have a vesting period of three years, </div><div class=\"t s9_211\" id=\"t1n_211\" style=\"left:65px;bottom:429px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">subject to continued employment. In addition, certain LTI awards made to Executive Directors are normally subject to a further two-year </div><div class=\"t s9_211\" id=\"t1o_211\" style=\"left:65px;bottom:414px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">holding period after vesting. </div><div class=\"t s9_211\" id=\"t1p_211\" style=\"left:65px;bottom:391px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">LTI awards are subject to performance-based vesting conditions set by the Remuneration Committee, which are normally measured over </div><div class=\"t s9_211\" id=\"t1q_211\" style=\"left:65px;bottom:375px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">the vesting period. </div><div class=\"t s9_211\" id=\"t1r_211\" style=\"left:65px;bottom:352px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">Awards are normally made annually and, except in exceptional circumstances, will not exceed 3.5 or 5 times salary for eligible employees </div><div class=\"t s9_211\" id=\"t1s_211\" style=\"left:65px;bottom:337px;letter-spacing:-0.1px;word-spacing:-0.05px;display:inline;\">under the LTIP or DAP rules respectively. </div><div class=\"t s7_211\" id=\"t1t_211\" style=\"left:65px;bottom:314px;letter-spacing:0.02px;word-spacing:-0.15px;display:inline;\">Colleague Share Plan </div><div class=\"t s9_211\" id=\"t1u_211\" style=\"left:65px;bottom:299px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">The Colleague Share Plan gives eligible corporate employees the opportunity to purchase shares up to an annual limit. After the end of the </div><div class=\"t s9_211\" id=\"t1v_211\" style=\"left:65px;bottom:284px;letter-spacing:-0.24px;word-spacing:-0.07px;display:inline;\">plan year, the participant will be awarded the right to receive one matching share for every purchased share (subject to continued employment). </div><div class=\"t s9_211\" id=\"t1w_211\" style=\"left:65px;bottom:268px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">If the participant holds the purchased shares until the second anniversary of the end of the plan year, the conditional right to matching </div><div class=\"t s9_211\" id=\"t1x_211\" style=\"left:65px;bottom:253px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">shares vests. </div><div class=\"t s9_211\" id=\"t1y_211\" style=\"left:65px;bottom:230px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">The total fair value of the Colleague Share Plan is not signi</div><div class=\"t sa_211\" id=\"t1z_211\" style=\"left:386px;bottom:230px;letter-spacing:-0.01px;display:inline;\">ficant. </div><div class=\"t s5_211\" id=\"t20_211\" style=\"left:80px;bottom:206px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">More detailed information on the performance measures for awards to Executive Directors is shown in the Directors\u2019 Remuneration Report </div><div class=\"t s5_211\" id=\"t21_211\" style=\"left:80px;bottom:193px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">on pages 128 to 133. </div><div class=\"t s8_211\" id=\"t22_211\" style=\"left:65px;bottom:31px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\"></div><div class=\"t m0_211 sb_211\" id=\"t23_211\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t s8_211\" id=\"t24_211\" style=\"left:822px;bottom:31px;letter-spacing:0.09px;display:inline;\"></div><div></div><div class=\"t s4_212\" id=\"t5_212\" style=\"left:65px;bottom:1100px;letter-spacing:0.02px;word-spacing:-0.15px;display:inline;\">Costs relating to share\u2011based payment transactions </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_212\" id=\"t6_212\" style=\"left:686px;bottom:1090px;letter-spacing:0.12px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_212\" id=\"t8_212\" style=\"left:753px;bottom:1090px;letter-spacing:0.17px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_212\" id=\"ta_212\" style=\"left:821px;bottom:1090px;letter-spacing:0.14px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_212\" id=\"t7_212\" style=\"left:695px;bottom:1079px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_212\" id=\"t9_212\" style=\"left:761px;bottom:1079px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_212\" id=\"tb_212\" style=\"left:827px;bottom:1079px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_212\" id=\"tc_212\" style=\"left:65px;bottom:1062px;letter-spacing:-0.18px;display:inline;\">Equity\u2011settled </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"td_212\" style=\"left:65px;bottom:1043px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Operating profit be</div><div class=\"t s9_212\" id=\"te_212\" style=\"left:160px;bottom:1043px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">fore System Fund, reimbursables and exceptional items </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"tf_212\" style=\"left:698px;bottom:1043px;letter-spacing:-0.24px;display:inline;\">31 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"tg_212\" style=\"left:763px;bottom:1043px;letter-spacing:-0.28px;display:inline;\">28 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"th_212\" style=\"left:829px;bottom:1043px;letter-spacing:-0.26px;display:inline;\">26 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"ti_212\" style=\"left:65px;bottom:1025px;letter-spacing:-0.29px;word-spacing:-0.09px;display:inline;\">System Fund </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"tj_212\" style=\"left:695px;bottom:1025px;letter-spacing:-0.2px;display:inline;\">20 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"tk_212\" style=\"left:764px;bottom:1025px;letter-spacing:-0.2px;display:inline;\">16 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"tl_212\" style=\"left:831px;bottom:1025px;letter-spacing:-0.25px;display:inline;\">13 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"tm_212\" style=\"left:698px;bottom:1006px;letter-spacing:-0.35px;display:inline;\">51 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"tn_212\" style=\"left:762px;bottom:1006px;letter-spacing:0.01px;display:inline;\">44 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"to_212\" style=\"left:828px;bottom:1006px;letter-spacing:-0.13px;display:inline;\">39 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_212\" id=\"tp_212\" style=\"left:65px;bottom:987px;letter-spacing:-0.14px;display:inline;\">Cash\u2011settled </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"tq_212\" style=\"left:65px;bottom:969px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Operating profit be</div><div class=\"t s9_212\" id=\"tr_212\" style=\"left:160px;bottom:969px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">fore System Fund, reimbursables and exceptional items </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"ts_212\" style=\"left:702px;bottom:969px;display:inline;\">5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"tt_212\" style=\"left:769px;bottom:969px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"tu_212\" style=\"left:835px;bottom:969px;display:inline;\">2 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"tv_212\" style=\"left:695px;bottom:950px;letter-spacing:-0.23px;display:inline;\">56 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"tw_212\" style=\"left:762px;bottom:950px;letter-spacing:-0.1px;display:inline;\">46 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"tx_212\" style=\"left:831px;bottom:950px;letter-spacing:-0.36px;display:inline;\">41 </div></td></tr></table>\n<div class=\"t sb_212\" id=\"ty_212\" style=\"left:65px;bottom:917px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">No consideration was received in respect of ordinary shares issued under option schemes during 2023, 2022 or 2021. </div><div class=\"t s4_212\" id=\"tz_212\" style=\"left:65px;bottom:894px;letter-spacing:0.01px;word-spacing:-0.14px;display:inline;\">Option pricing models, assumptions and movements in awards outstanding </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_212\" id=\"t11_212\" style=\"left:546px;bottom:880px;letter-spacing:0.07px;display:inline;\">APP </div></td><td colspan=\"3\" rowspan=\"1\" style=\"text-align: center;\">  <div class=\"t sc_212\" id=\"t12_212\" style=\"left:822px;bottom:880px;letter-spacing:-0.15px;display:inline;\">LTIP </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"3\" rowspan=\"1\" style=\"text-align: center;\">   \u00a0</td><td colspan=\"3\" rowspan=\"1\" style=\"text-align: center;\"> <div class=\"t sc_212\" id=\"t14_212\" style=\"left:694px;bottom:864px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">Monte Carlo Simulation, Binomial </div> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"3\" rowspan=\"1\" style=\"text-align: center;\"> <div class=\"t sc_212\" id=\"t13_212\" style=\"left:453px;bottom:853px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\">Binomial valuation model </div> </td><td colspan=\"3\" rowspan=\"1\" style=\"text-align: center;\"> <div class=\"t sc_212\" id=\"t15_212\" style=\"left:709px;bottom:853px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\">and Finnerty valuation models </div> </td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_212\" id=\"t10_212\" style=\"left:65px;bottom:837px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\">Option pricing models and assumptions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_212\" id=\"t16_212\" style=\"left:408px;bottom:837px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_212\" id=\"t17_212\" style=\"left:476px;bottom:837px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_212\" id=\"t18_212\" style=\"left:544px;bottom:837px;letter-spacing:0.16px;display:inline;\">2021 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_212\" id=\"t19_212\" style=\"left:647px;bottom:837px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_212\" id=\"t1a_212\" style=\"left:753px;bottom:837px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_212\" id=\"t1b_212\" style=\"left:821px;bottom:837px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t1c_212\" style=\"left:65px;bottom:819px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Weighted average share price (pence) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t1d_212\" style=\"left:396px;bottom:819px;letter-spacing:-0.26px;display:inline;\">5,571.7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t1e_212\" style=\"left:462px;bottom:819px;letter-spacing:-0.21px;display:inline;\">5,018.3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t1f_212\" style=\"left:524px;bottom:819px;letter-spacing:-0.26px;display:inline;\">5,009.0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t1g_212\" style=\"left:632px;bottom:819px;letter-spacing:-0.25px;display:inline;\">5,318.0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t1h_212\" style=\"left:737px;bottom:819px;letter-spacing:-0.23px;display:inline;\">4,875.0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t1i_212\" style=\"left:801px;bottom:819px;letter-spacing:-0.22px;display:inline;\">4,980.0 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t1j_212\" style=\"left:65px;bottom:800px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">Expected dividend yield </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t1k_212\" style=\"left:594px;bottom:800px;letter-spacing:-0.19px;word-spacing:-0.18px;display:inline;\">2.52% to 2.77% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t1l_212\" style=\"left:701px;bottom:800px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">2.29% to 2.67% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t1m_212\" style=\"left:818px;bottom:800px;letter-spacing:-0.35px;display:inline;\">1.11% </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_212\" id=\"t1n_212\" style=\"left:65px;bottom:782px;letter-spacing:-0.25px;word-spacing:-0.09px;display:inline;\">Risk-free interest rate </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t1o_212\" style=\"left:638px;bottom:782px;letter-spacing:-0.21px;display:inline;\">3.85% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t1p_212\" style=\"left:747px;bottom:782px;letter-spacing:-0.12px;display:inline;\">1.29% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t1q_212\" style=\"left:809px;bottom:782px;letter-spacing:-0.25px;display:inline;\">0.09% </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s8_212\" id=\"t1r_212\" style=\"left:65px;bottom:763px;letter-spacing:-0.24px;display:inline;\">Volatility </div><div class=\"t sd_212\" id=\"t1s_212\" style=\"vertical-align: super;left:107px;bottom:770px;display:inline;\">a </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t1t_212\" style=\"left:610px;bottom:763px;letter-spacing:-0.25px;word-spacing:-0.13px;display:inline;\">29% to 30% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t1u_212\" style=\"left:718px;bottom:763px;letter-spacing:-0.26px;word-spacing:-0.12px;display:inline;\">35% to 45% </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t1v_212\" style=\"left:820px;bottom:763px;letter-spacing:-0.11px;display:inline;\">43% </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t1w_212\" style=\"left:65px;bottom:745px;letter-spacing:-0.35px;word-spacing:-0.01px;display:inline;\">Term (years) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t1x_212\" style=\"left:415px;bottom:745px;letter-spacing:-0.05px;display:inline;\">2.3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t1y_212\" style=\"left:486px;bottom:745px;letter-spacing:-0.34px;display:inline;\">1.7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t1z_212\" style=\"left:551px;bottom:745px;letter-spacing:-0.13px;display:inline;\">1.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t20_212\" style=\"left:653px;bottom:745px;letter-spacing:-0.28px;display:inline;\">3.0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t21_212\" style=\"left:759px;bottom:745px;letter-spacing:-0.27px;display:inline;\">3.0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t22_212\" style=\"left:825px;bottom:745px;letter-spacing:-0.27px;display:inline;\">3.0 </div></td></tr></table>\n<div class=\"t se_212\" id=\"t23_212\" style=\"left:65px;bottom:721px;display:inline;\">a </div><div class=\"t sf_212\" id=\"t24_212\" style=\"left:74px;bottom:717px;letter-spacing:0.03px;word-spacing:-0.13px;display:inline;\">The expected volatility was determined by calculating the historical volatility of the Company\u2019s share price corresponding to the expected life of the share award. </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_212\" id=\"t26_212\" style=\"left:537px;bottom:686px;letter-spacing:-0.03px;display:inline;\">APP/DAP </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_212\" id=\"t27_212\" style=\"left:800px;bottom:686px;letter-spacing:-0.11px;display:inline;\">LTIP/DAP </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_212\" id=\"t28_212\" style=\"left:616px;bottom:670px;letter-spacing:0.11px;display:inline;\">Performance\u2011related </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_212\" id=\"t2a_212\" style=\"left:769px;bottom:670px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">Restricted stock </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_212\" id=\"t25_212\" style=\"left:65px;bottom:659px;letter-spacing:0.06px;word-spacing:-0.16px;display:inline;\">Number of share awards (thousands) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_212\" id=\"t29_212\" style=\"left:660px;bottom:659px;letter-spacing:-0.02px;display:inline;\">awards/LTI </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_212\" id=\"t2b_212\" style=\"left:819px;bottom:659px;letter-spacing:0.08px;display:inline;\">units </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2c_212\" style=\"left:65px;bottom:642px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Outstanding at 1 January 2021 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2d_212\" style=\"left:560px;bottom:642px;letter-spacing:-0.31px;display:inline;\">413 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2e_212\" style=\"left:692px;bottom:642px;letter-spacing:-0.27px;display:inline;\">814 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2f_212\" style=\"left:817px;bottom:642px;letter-spacing:-0.19px;display:inline;\">1,421 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2g_212\" style=\"left:65px;bottom:623px;letter-spacing:-0.24px;display:inline;\">Granted </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2h_212\" style=\"left:563px;bottom:623px;letter-spacing:-0.07px;display:inline;\">90 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2i_212\" style=\"left:693px;bottom:623px;letter-spacing:-0.21px;display:inline;\">281 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2j_212\" style=\"left:822px;bottom:623px;letter-spacing:-0.13px;display:inline;\">442 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2k_212\" style=\"left:65px;bottom:605px;letter-spacing:-0.28px;display:inline;\">Vested </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2l_212\" style=\"left:557px;bottom:605px;letter-spacing:-0.25px;display:inline;\">(147) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2m_212\" style=\"left:693px;bottom:605px;letter-spacing:-0.26px;display:inline;\">(70) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2n_212\" style=\"left:821px;bottom:605px;letter-spacing:-0.25px;display:inline;\">(391) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2o_212\" style=\"left:65px;bottom:586px;letter-spacing:-0.18px;word-spacing:-0.18px;display:inline;\">Lapsed or cancelled </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2p_212\" style=\"left:567px;bottom:586px;letter-spacing:-0.37px;display:inline;\">(8) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2q_212\" style=\"left:689px;bottom:586px;letter-spacing:-0.23px;display:inline;\">(153) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2r_212\" style=\"left:822px;bottom:586px;letter-spacing:-0.21px;display:inline;\">(122) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2s_212\" style=\"left:65px;bottom:568px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">Outstanding at 31 December 2021 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2t_212\" style=\"left:557px;bottom:568px;letter-spacing:-0.09px;display:inline;\">348 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2u_212\" style=\"left:691px;bottom:568px;letter-spacing:-0.25px;display:inline;\">872 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2v_212\" style=\"left:814px;bottom:568px;letter-spacing:-0.18px;display:inline;\">1,350 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2w_212\" style=\"left:65px;bottom:549px;letter-spacing:-0.24px;display:inline;\">Granted </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2x_212\" style=\"left:558px;bottom:549px;letter-spacing:-0.18px;display:inline;\">236 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2y_212\" style=\"left:690px;bottom:549px;letter-spacing:-0.24px;display:inline;\">323 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t2z_212\" style=\"left:822px;bottom:549px;letter-spacing:-0.23px;display:inline;\">706 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t30_212\" style=\"left:65px;bottom:530px;letter-spacing:-0.28px;display:inline;\">Vested </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t31_212\" style=\"left:555px;bottom:530px;letter-spacing:-0.22px;display:inline;\">(254) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t32_212\" style=\"left:694px;bottom:530px;letter-spacing:-0.26px;display:inline;\">(23) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t33_212\" style=\"left:821px;bottom:530px;letter-spacing:-0.25px;display:inline;\">(391) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t34_212\" style=\"left:65px;bottom:512px;letter-spacing:-0.18px;word-spacing:-0.18px;display:inline;\">Lapsed or cancelled </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t35_212\" style=\"left:567px;bottom:512px;letter-spacing:-0.36px;display:inline;\">(9) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t36_212\" style=\"left:687px;bottom:512px;letter-spacing:-0.22px;display:inline;\">(239) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t37_212\" style=\"left:824px;bottom:512px;letter-spacing:-0.27px;display:inline;\">(90) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t38_212\" style=\"left:65px;bottom:493px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">Outstanding at 31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t39_212\" style=\"left:560px;bottom:493px;letter-spacing:-0.13px;display:inline;\">321 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t3a_212\" style=\"left:690px;bottom:493px;letter-spacing:-0.14px;display:inline;\">933 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t3b_212\" style=\"left:816px;bottom:493px;letter-spacing:-0.19px;display:inline;\">1,575 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t3c_212\" style=\"left:65px;bottom:475px;letter-spacing:-0.24px;display:inline;\">Granted </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t3d_212\" style=\"left:559px;bottom:475px;letter-spacing:-0.26px;display:inline;\">214 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t3e_212\" style=\"left:689px;bottom:475px;letter-spacing:-0.2px;display:inline;\">329 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t3f_212\" style=\"left:820px;bottom:475px;letter-spacing:-0.16px;display:inline;\">683 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t3g_212\" style=\"left:65px;bottom:456px;letter-spacing:-0.28px;display:inline;\">Vested </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t3h_212\" style=\"left:555px;bottom:456px;letter-spacing:-0.29px;display:inline;\">(186) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t3i_212\" style=\"left:687px;bottom:456px;letter-spacing:-0.3px;display:inline;\">(180) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t3j_212\" style=\"left:817px;bottom:456px;letter-spacing:-0.26px;display:inline;\">(533) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t3k_212\" style=\"left:65px;bottom:438px;letter-spacing:-0.18px;word-spacing:-0.18px;display:inline;\">Lapsed or cancelled </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t3l_212\" style=\"left:563px;bottom:438px;letter-spacing:-0.25px;display:inline;\">(17) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t3m_212\" style=\"left:685px;bottom:438px;letter-spacing:-0.23px;display:inline;\">(246) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t3n_212\" style=\"left:824px;bottom:438px;letter-spacing:-0.32px;display:inline;\">(63) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t3o_212\" style=\"left:65px;bottom:419px;letter-spacing:-0.2px;word-spacing:-0.18px;display:inline;\">Outstanding at 31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t3p_212\" style=\"left:557px;bottom:419px;letter-spacing:-0.22px;display:inline;\">332 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t3q_212\" style=\"left:688px;bottom:419px;letter-spacing:-0.18px;display:inline;\">836 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t3r_212\" style=\"left:813px;bottom:419px;letter-spacing:-0.25px;display:inline;\">1,662 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_212\" id=\"t3s_212\" style=\"left:65px;bottom:383px;letter-spacing:0.02px;word-spacing:-0.13px;display:inline;\">Fair value of awards granted during the year (cents) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t3t_212\" style=\"left:65px;bottom:365px;letter-spacing:-0.2px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t3u_212\" style=\"left:536px;bottom:365px;letter-spacing:-0.21px;display:inline;\">6,926.4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t3v_212\" style=\"left:672px;bottom:365px;letter-spacing:-0.35px;display:inline;\">3,169.7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t3w_212\" style=\"left:803px;bottom:365px;letter-spacing:-0.25px;display:inline;\">6,351.0 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t3x_212\" style=\"left:65px;bottom:346px;letter-spacing:-0.13px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t3y_212\" style=\"left:541px;bottom:346px;letter-spacing:-0.25px;display:inline;\">6,180.2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t3z_212\" style=\"left:672px;bottom:346px;letter-spacing:-0.29px;display:inline;\">3,770.0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t40_212\" style=\"left:803px;bottom:346px;letter-spacing:-0.2px;display:inline;\">5,656.4 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t41_212\" style=\"left:65px;bottom:328px;letter-spacing:-0.15px;display:inline;\">2021 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t42_212\" style=\"left:539px;bottom:328px;letter-spacing:-0.15px;display:inline;\">6,888.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t43_212\" style=\"left:672px;bottom:328px;letter-spacing:-0.23px;display:inline;\">4,676.3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t44_212\" style=\"left:804px;bottom:328px;letter-spacing:-0.26px;display:inline;\">6,559.7 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sc_212\" id=\"t45_212\" style=\"left:65px;bottom:290px;letter-spacing:0.04px;word-spacing:-0.14px;display:inline;\">Weighted average remaining contract life (years) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t46_212\" style=\"left:65px;bottom:272px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t47_212\" style=\"left:562px;bottom:272px;letter-spacing:-0.14px;display:inline;\">1.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t48_212\" style=\"left:694px;bottom:272px;letter-spacing:-0.15px;display:inline;\">1.3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t sa_212\" id=\"t49_212\" style=\"left:826px;bottom:272px;letter-spacing:-0.15px;display:inline;\">1.3 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t4a_212\" style=\"left:65px;bottom:253px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t4b_212\" style=\"left:563px;bottom:253px;letter-spacing:-0.29px;display:inline;\">1.0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t4c_212\" style=\"left:698px;bottom:253px;letter-spacing:-0.37px;display:inline;\">1.1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t4d_212\" style=\"left:828px;bottom:253px;letter-spacing:-0.08px;display:inline;\">1.2 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t4e_212\" style=\"left:65px;bottom:235px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December 2021 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t4f_212\" style=\"left:561px;bottom:235px;letter-spacing:-0.21px;display:inline;\">0.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t4g_212\" style=\"left:696px;bottom:235px;letter-spacing:-0.08px;display:inline;\">1.2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_212\" id=\"t4h_212\" style=\"left:828px;bottom:235px;letter-spacing:-0.08px;display:inline;\">1.2 </div></td></tr></table>\n<div class=\"t sb_212\" id=\"t4i_212\" style=\"left:65px;bottom:202px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The above awards do not vest until the performance and service conditions have been met. </div><div class=\"t sb_212\" id=\"t4j_212\" style=\"left:65px;bottom:179px;letter-spacing:-0.09px;word-spacing:-0.07px;display:inline;\">The weighted average share price at the date of exercise for share awards vested during the year was 5,470.3p (2022: 4,950.5p). The closing </div><div class=\"t sg_212\" id=\"t4k_212\" style=\"left:65px;bottom:163px;letter-spacing:-0.07px;word-spacing:-0.06px;display:inline;\">share price on 31 December 2023 was 7,090.0p (31 December 2022: 4,744.0p) and the range during the year was 4,832.0p to 7,118.0p </div>(2022: 4,193.0p to 5,338.0p).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f40156": {
   "value": "29. Equity <div class=\"t s1_213\" id=\"t2_213\" style=\"left:65px;bottom:1100px;word-spacing:-0.14px;display:inline;\">Equity share capital </div><table>\n                                            <tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"td_213\" style=\"left:813px;bottom:1085px;letter-spacing:0.08px;display:inline;\">Equity </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t4_213\" style=\"left:607px;bottom:1075px;letter-spacing:0.14px;display:inline;\">Number </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t7_213\" style=\"left:672px;bottom:1075px;letter-spacing:0.11px;display:inline;\">Nominal </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"ta_213\" style=\"left:749px;bottom:1075px;letter-spacing:0.1px;display:inline;\">Share </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"te_213\" style=\"left:816px;bottom:1075px;letter-spacing:0.1px;display:inline;\">share </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t5_213\" style=\"left:603px;bottom:1064px;letter-spacing:0.07px;word-spacing:-0.18px;display:inline;\">of shares </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t8_213\" style=\"left:685px;bottom:1064px;letter-spacing:0.05px;display:inline;\">value </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"tb_213\" style=\"left:735px;bottom:1064px;letter-spacing:0.1px;display:inline;\">premium </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"tf_213\" style=\"left:811px;bottom:1064px;letter-spacing:0.09px;display:inline;\">capital </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t3_213\" style=\"left:65px;bottom:1053px;letter-spacing:0.05px;word-spacing:-0.16px;display:inline;\">Allotted, called up and fully paid </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t6_213\" style=\"left:608px;bottom:1053px;letter-spacing:0.08px;display:inline;\">millions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t9_213\" style=\"left:694px;bottom:1053px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"tc_213\" style=\"left:761px;bottom:1053px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"tg_213\" style=\"left:827px;bottom:1053px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s3_213\" id=\"th_213\" style=\"left:65px;bottom:1036px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">At 1 January 2021 (ordinary shares of 20 </div><div class=\"t s4_213\" id=\"ti_213\" style=\"vertical-align: super;left:259px;bottom:1042px;letter-spacing:0.23px;display:inline;\">340 </div><div class=\"t s3_213\" id=\"tj_213\" style=\"left:272px;bottom:1036px;display:inline;\">\u2044 </div><div class=\"t s4_213\" id=\"tk_213\" style=\"vertical-align: sub;left:274px;bottom:1036px;letter-spacing:0.23px;display:inline;\">399 </div><div class=\"t s3_213\" id=\"tl_213\" style=\"left:285px;bottom:1036px;letter-spacing:-0.28px;word-spacing:-0.08px;display:inline;\">p each) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"tm_213\" style=\"left:627px;bottom:1036px;letter-spacing:-0.25px;display:inline;\">187 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"tn_213\" style=\"left:696px;bottom:1036px;letter-spacing:-0.11px;display:inline;\">53 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"to_213\" style=\"left:757px;bottom:1036px;letter-spacing:-0.18px;display:inline;\">103 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"tp_213\" style=\"left:824px;bottom:1036px;letter-spacing:-0.18px;display:inline;\">156 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"tq_213\" style=\"left:65px;bottom:1017px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Exchange adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"tr_213\" style=\"left:637px;bottom:1017px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"ts_213\" style=\"left:703px;bottom:1017px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"tt_213\" style=\"left:766px;bottom:1017px;letter-spacing:-0.26px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"tu_213\" style=\"left:832px;bottom:1017px;letter-spacing:-0.26px;display:inline;\">(2) </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s3_213\" id=\"tv_213\" style=\"left:65px;bottom:999px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">At 31 December 2021 (ordinary shares of 20 </div><div class=\"t s4_213\" id=\"tw_213\" style=\"vertical-align: super;left:279px;bottom:1005px;letter-spacing:0.23px;display:inline;\">340 </div><div class=\"t s3_213\" id=\"tx_213\" style=\"left:292px;bottom:999px;display:inline;\">\u2044 </div><div class=\"t s4_213\" id=\"ty_213\" style=\"vertical-align: sub;left:294px;bottom:999px;letter-spacing:0.23px;display:inline;\">399 </div><div class=\"t s3_213\" id=\"tz_213\" style=\"left:306px;bottom:999px;letter-spacing:-0.28px;word-spacing:-0.08px;display:inline;\">p each) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t10_213\" style=\"left:627px;bottom:999px;letter-spacing:-0.25px;display:inline;\">187 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t11_213\" style=\"left:696px;bottom:999px;letter-spacing:-0.11px;display:inline;\">53 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t12_213\" style=\"left:759px;bottom:999px;letter-spacing:-0.15px;display:inline;\">101 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t13_213\" style=\"left:824px;bottom:999px;letter-spacing:-0.14px;display:inline;\">154 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t14_213\" style=\"left:65px;bottom:980px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Repurchased and cancelled under share repurchase programme </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t15_213\" style=\"left:633px;bottom:980px;letter-spacing:-0.49px;display:inline;\">(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t16_213\" style=\"left:702px;bottom:980px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t17_213\" style=\"left:769px;bottom:980px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t18_213\" style=\"left:834px;bottom:980px;letter-spacing:-0.35px;display:inline;\">(1) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t19_213\" style=\"left:65px;bottom:962px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Exchange adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t1a_213\" style=\"left:637px;bottom:962px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t1b_213\" style=\"left:699px;bottom:962px;letter-spacing:-0.38px;display:inline;\">(6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t1c_213\" style=\"left:760px;bottom:962px;letter-spacing:-0.3px;display:inline;\">(10) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t1d_213\" style=\"left:827px;bottom:962px;letter-spacing:-0.28px;display:inline;\">(16) </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s3_213\" id=\"t1e_213\" style=\"left:65px;bottom:943px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">At 31 December 2022 (ordinary shares of 20 </div><div class=\"t s4_213\" id=\"t1f_213\" style=\"vertical-align: super;left:281px;bottom:950px;letter-spacing:0.23px;display:inline;\">340 </div><div class=\"t s3_213\" id=\"t1g_213\" style=\"left:294px;bottom:943px;display:inline;\">\u2044 </div><div class=\"t s4_213\" id=\"t1h_213\" style=\"vertical-align: sub;left:296px;bottom:943px;letter-spacing:0.23px;display:inline;\">399 </div><div class=\"t s3_213\" id=\"t1i_213\" style=\"left:308px;bottom:943px;letter-spacing:-0.28px;word-spacing:-0.08px;display:inline;\">p each) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t1j_213\" style=\"left:626px;bottom:943px;letter-spacing:-0.15px;display:inline;\">183 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t1k_213\" style=\"left:696px;bottom:943px;letter-spacing:-0.1px;display:inline;\">46 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t1l_213\" style=\"left:764px;bottom:943px;letter-spacing:-0.07px;display:inline;\">91 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t1m_213\" style=\"left:825px;bottom:943px;letter-spacing:-0.26px;display:inline;\">137 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t1n_213\" style=\"left:65px;bottom:924px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Repurchased and cancelled under share repurchase programme </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t1o_213\" style=\"left:630px;bottom:924px;letter-spacing:-0.36px;display:inline;\">(11) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t1p_213\" style=\"left:699px;bottom:924px;letter-spacing:-0.42px;display:inline;\">(3) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t1q_213\" style=\"left:769px;bottom:924px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t1r_213\" style=\"left:831px;bottom:924px;letter-spacing:-0.42px;display:inline;\">(3) </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t1s_213\" style=\"left:65px;bottom:906px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Exchange adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t1t_213\" style=\"left:637px;bottom:906px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t1u_213\" style=\"left:702px;bottom:906px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t1v_213\" style=\"left:768px;bottom:906px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t1w_213\" style=\"left:835px;bottom:906px;display:inline;\">7 </div></td></tr><tr><td class=\"tcs-selection-enabled tcs-selected\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s5_213\" id=\"t1x_213\" style=\"left:65px;bottom:887px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">At 31 December 2023 (ordinary shares of 20 </div><div class=\"t s6_213\" id=\"t1y_213\" style=\"vertical-align: super;left:288px;bottom:894px;letter-spacing:0.21px;display:inline;\">340 </div><div class=\"t s5_213\" id=\"t1z_213\" style=\"left:302px;bottom:887px;display:inline;\">\u2044 </div><div class=\"t s6_213\" id=\"t20_213\" style=\"vertical-align: sub;left:303px;bottom:887px;letter-spacing:0.21px;display:inline;\">399 </div><div class=\"t s5_213\" id=\"t21_213\" style=\"left:316px;bottom:887px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">p each) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t22_213\" style=\"left:626px;bottom:887px;letter-spacing:-0.31px;display:inline;\">172 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t23_213\" style=\"left:695px;bottom:887px;letter-spacing:-0.17px;display:inline;\">46 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t24_213\" style=\"left:761px;bottom:887px;letter-spacing:-0.15px;display:inline;\">95 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t25_213\" style=\"left:825px;bottom:887px;letter-spacing:-0.37px;display:inline;\">141 </div></td></tr>\n                                        </table>\n<div class=\"t s7_213\" id=\"t26_213\" style=\"left:65px;bottom:855px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Under the authority given to the Company by shareholders at the AGM held on 6 May 2022 to purchase its own shares, in August 2022 the </div><div class=\"t s7_213\" id=\"t27_213\" style=\"left:65px;bottom:840px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">Board approved a $500m share buyback programme that commenced on 9 August 2022 and completed on 31 January 2023. In February </div><div class=\"t s7_213\" id=\"t28_213\" style=\"left:65px;bottom:825px;letter-spacing:-0.21px;word-spacing:-0.11px;display:inline;\">2023 the Board approved a further $750m share buyback programme which completed on 29 December 2023. In the year ended 31 December </div><div class=\"t s7_213\" id=\"t29_213\" style=\"left:65px;bottom:809px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">2023, 10.9m shares were repurchased for total consideration of $790m including $28m transaction costs and subsequently cancelled. </div><div class=\"t s7_213\" id=\"t2a_213\" style=\"left:65px;bottom:794px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Of the total consideration, $38m relates to the completion of the 2022 programme and $752m relates to the 2023 programme. The cost of </div><div class=\"t s7_213\" id=\"t2b_213\" style=\"left:65px;bottom:779px;letter-spacing:-0.1px;word-spacing:-0.1px;display:inline;\">treasury shares and related transaction costs have been deducted from retained earnings. In the year ended 31 December 2022, 9.1m shares </div><div class=\"t s7_213\" id=\"t2c_213\" style=\"left:65px;bottom:763px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">were repurchased for total consideration of $482m including $2m transaction costs, of which 4.5m were held as treasury shares and 4.6m </div><div class=\"t s7_213\" id=\"t2d_213\" style=\"left:65px;bottom:748px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">were cancelled. </div><div class=\"t s8_213\" id=\"t2e_213\" style=\"left:65px;bottom:725px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">When approving shareholder returns in 2022 and 2023, the Board first reviewed the Parent Company Financial Statements to confirm </div><div class=\"t s7_213\" id=\"t2f_213\" style=\"left:65px;bottom:710px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">availability of su\ufb00icient distributable reserves. </div><div class=\"t s7_213\" id=\"t2g_213\" style=\"left:65px;bottom:687px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">In February 2024, the Board approved a further $800m share buyback programme. A resolution to renew the authority to repurchase shares </div><div class=\"t s7_213\" id=\"t2h_213\" style=\"left:65px;bottom:672px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">will be put to shareholders at the AGM on 3 May 2024. </div><div class=\"t s7_213\" id=\"t2i_213\" style=\"left:65px;bottom:649px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">The Company no longer has an authorised share capital. </div><div class=\"t s1_213\" id=\"t2j_213\" style=\"left:65px;bottom:626px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">Shares held by employee share trusts </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t2k_213\" style=\"left:662px;bottom:612px;letter-spacing:0.09px;word-spacing:-0.18px;display:inline;\">Number of </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t2n_213\" style=\"left:736px;bottom:612px;letter-spacing:0.09px;display:inline;\">Carrying </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t2q_213\" style=\"left:810px;bottom:612px;letter-spacing:0.04px;display:inline;\">Market </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t2l_213\" style=\"left:680px;bottom:601px;letter-spacing:0.13px;display:inline;\">shares </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t2o_213\" style=\"left:751px;bottom:601px;letter-spacing:0.05px;display:inline;\">value </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t2r_213\" style=\"left:817px;bottom:601px;letter-spacing:0.06px;display:inline;\">value </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t2m_213\" style=\"left:674px;bottom:590px;letter-spacing:0.08px;display:inline;\">millions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t2p_213\" style=\"left:761px;bottom:590px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t2s_213\" style=\"left:827px;bottom:590px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t2t_213\" style=\"left:65px;bottom:572px;letter-spacing:-0.19px;word-spacing:-0.19px;display:inline;\">31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t2u_213\" style=\"left:691px;bottom:572px;letter-spacing:-0.27px;display:inline;\">0.8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t2v_213\" style=\"left:751px;bottom:572px;letter-spacing:-0.25px;display:inline;\">35.0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t2w_213\" style=\"left:818px;bottom:572px;letter-spacing:-0.29px;display:inline;\">73.6 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t2x_213\" style=\"left:65px;bottom:554px;letter-spacing:-0.18px;word-spacing:-0.2px;display:inline;\">31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t2y_213\" style=\"left:698px;bottom:554px;letter-spacing:-0.37px;display:inline;\">1.1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t2z_213\" style=\"left:754px;bottom:554px;letter-spacing:-0.52px;display:inline;\">37.0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t30_213\" style=\"left:819px;bottom:554px;letter-spacing:-0.18px;display:inline;\">62.8 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t31_213\" style=\"left:65px;bottom:536px;letter-spacing:-0.19px;word-spacing:-0.19px;display:inline;\">31 December 2021 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t32_213\" style=\"left:692px;bottom:536px;letter-spacing:-0.25px;display:inline;\">0.9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t33_213\" style=\"left:757px;bottom:536px;letter-spacing:-0.24px;display:inline;\">21.7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t34_213\" style=\"left:821px;bottom:536px;letter-spacing:-0.41px;display:inline;\">57.3 </div></td></tr></table>\n<div class=\"t s7_213\" id=\"t35_213\" style=\"left:65px;bottom:502px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">Shares held by employee share trusts includes 0.2m shares (2022: 0.2m shares) held in a nominee account on behalf of participants. </div><div class=\"t s1_213\" id=\"t36_213\" style=\"left:65px;bottom:479px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">Treasury shares </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t37_213\" style=\"left:728px;bottom:465px;letter-spacing:0.09px;word-spacing:-0.18px;display:inline;\">Number of </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t3a_213\" style=\"left:804px;bottom:465px;letter-spacing:0.11px;display:inline;\">Nominal </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t38_213\" style=\"left:746px;bottom:454px;letter-spacing:0.13px;display:inline;\">shares </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t3b_213\" style=\"left:817px;bottom:454px;letter-spacing:0.05px;display:inline;\">value </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t39_213\" style=\"left:740px;bottom:443px;letter-spacing:0.08px;display:inline;\">millions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t3c_213\" style=\"left:827px;bottom:443px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3d_213\" style=\"left:65px;bottom:426px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">At 1 January 2021 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3e_213\" style=\"left:762px;bottom:426px;letter-spacing:-0.35px;display:inline;\">5.1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3f_213\" style=\"left:827px;bottom:426px;letter-spacing:-0.15px;display:inline;\">1.4 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3g_213\" style=\"left:65px;bottom:407px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Transferred to employee share trusts </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3h_213\" style=\"left:758px;bottom:407px;letter-spacing:-0.27px;display:inline;\">(1.4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3i_213\" style=\"left:821px;bottom:407px;letter-spacing:-0.33px;display:inline;\">(0.4) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3j_213\" style=\"left:65px;bottom:389px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December 2021 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3k_213\" style=\"left:760px;bottom:389px;letter-spacing:-0.29px;display:inline;\">3.7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3l_213\" style=\"left:827px;bottom:389px;letter-spacing:-0.25px;display:inline;\">1.0 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3m_213\" style=\"left:65px;bottom:370px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Transferred to employee share trusts </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3n_213\" style=\"left:756px;bottom:370px;letter-spacing:-0.29px;display:inline;\">(0.7) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3o_213\" style=\"left:822px;bottom:370px;letter-spacing:-0.26px;display:inline;\">(0.2) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3p_213\" style=\"left:65px;bottom:352px;letter-spacing:-0.24px;word-spacing:-0.14px;display:inline;\">Repurchased under share repurchase programme </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3q_213\" style=\"left:759px;bottom:352px;letter-spacing:-0.1px;display:inline;\">4.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3r_213\" style=\"left:830px;bottom:352px;letter-spacing:-0.37px;display:inline;\">1.1 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3s_213\" style=\"left:65px;bottom:333px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3t_213\" style=\"left:761px;bottom:333px;letter-spacing:-0.48px;display:inline;\">7.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3u_213\" style=\"left:827px;bottom:333px;letter-spacing:-0.17px;display:inline;\">1.9 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3v_213\" style=\"left:65px;bottom:315px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Transferred to employee share trusts </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t3w_213\" style=\"left:754px;bottom:315px;letter-spacing:-0.33px;display:inline;\">(0.5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t3x_213\" style=\"left:823px;bottom:315px;letter-spacing:-0.45px;display:inline;\">(0.1) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3y_213\" style=\"left:65px;bottom:296px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Exchange adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t3z_213\" style=\"left:769px;bottom:296px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t40_213\" style=\"left:826px;bottom:296px;letter-spacing:-0.49px;display:inline;\">0.1 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t41_213\" style=\"left:65px;bottom:278px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t42_213\" style=\"left:759px;bottom:278px;letter-spacing:-0.65px;display:inline;\">7.0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t43_213\" style=\"left:826px;bottom:278px;letter-spacing:-0.18px;display:inline;\">1.9 </div></td></tr></table>\n<div class=\"t s9_213\" id=\"t44_213\" style=\"left:65px;bottom:31px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\"> </div><div class=\"t m0_213 sa_213\" id=\"t45_213\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t s9_213\" id=\"t46_213\" style=\"left:828px;bottom:31px;letter-spacing:-0.01px;display:inline;\"></div><div></div><div class=\"t s2_214\" id=\"t3_214\" style=\"left:65px;bottom:1100px;letter-spacing:0.02px;word-spacing:-0.16px;display:inline;\">Cash flow hedge reserves </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_214\" id=\"t4_214\" style=\"left:666px;bottom:1085px;letter-spacing:0.07px;word-spacing:-0.17px;display:inline;\">Cash flow </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_214\" id=\"t8_214\" style=\"left:744px;bottom:1085px;letter-spacing:0.06px;word-spacing:-0.18px;display:inline;\">Cost of </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_214\" id=\"t5_214\" style=\"left:681px;bottom:1075px;letter-spacing:0.14px;display:inline;\">hedge </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_214\" id=\"t9_214\" style=\"left:738px;bottom:1075px;letter-spacing:0.12px;display:inline;\">hedging </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_214\" id=\"t6_214\" style=\"left:675px;bottom:1064px;letter-spacing:0.1px;display:inline;\">reserve </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_214\" id=\"ta_214\" style=\"left:741px;bottom:1064px;letter-spacing:0.1px;display:inline;\">reserve </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_214\" id=\"tc_214\" style=\"left:819px;bottom:1064px;letter-spacing:-0.07px;display:inline;\">Total </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_214\" id=\"t7_214\" style=\"left:695px;bottom:1053px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_214\" id=\"tb_214\" style=\"left:761px;bottom:1053px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_214\" id=\"td_214\" style=\"left:827px;bottom:1053px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"te_214\" style=\"left:65px;bottom:1035px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">At 1 January 2021 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"tf_214\" style=\"left:698px;bottom:1035px;letter-spacing:-0.33px;display:inline;\">(11) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"tg_214\" style=\"left:761px;bottom:1035px;letter-spacing:-0.3px;display:inline;\">(13) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"th_214\" style=\"left:826px;bottom:1035px;letter-spacing:-0.32px;display:inline;\">(24) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"ti_214\" style=\"left:65px;bottom:1017px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Costs of hedging deferred and recognised in other comprehensive income </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"tj_214\" style=\"left:704px;bottom:1017px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"tk_214\" style=\"left:769px;bottom:1017px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"tl_214\" style=\"left:835px;bottom:1017px;display:inline;\">2 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"tm_214\" style=\"left:65px;bottom:998px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Change in fair value of currency swaps recognised in other comprehensive income </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"tn_214\" style=\"left:693px;bottom:998px;letter-spacing:-0.31px;display:inline;\">(62) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"to_214\" style=\"left:770px;bottom:998px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"tp_214\" style=\"left:826px;bottom:998px;letter-spacing:-0.31px;display:inline;\">(62) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_214\" id=\"tq_214\" style=\"left:65px;bottom:980px;letter-spacing:-0.14px;display:inline;\">Reclassified </div><div class=\"t s5_214\" id=\"tr_214\" style=\"left:127px;bottom:980px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">from other comprehensive income to pro</div><div class=\"t s6_214\" id=\"ts_214\" style=\"left:330px;bottom:980px;letter-spacing:-0.2px;word-spacing:-0.14px;display:inline;\">fit or loss \u2013 included in financial expenses </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"tt_214\" style=\"left:696px;bottom:980px;letter-spacing:-0.06px;display:inline;\">96 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"tu_214\" style=\"left:770px;bottom:980px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"tv_214\" style=\"left:828px;bottom:980px;letter-spacing:-0.06px;display:inline;\">96 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"tw_214\" style=\"left:65px;bottom:961px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Deferred tax </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"tx_214\" style=\"left:700px;bottom:961px;letter-spacing:0.03px;display:inline;\">(7) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"ty_214\" style=\"left:770px;bottom:961px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"tz_214\" style=\"left:832px;bottom:961px;letter-spacing:0.03px;display:inline;\">(7) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t10_214\" style=\"left:65px;bottom:943px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December 2021 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t11_214\" style=\"left:698px;bottom:943px;letter-spacing:-0.2px;display:inline;\">16 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t12_214\" style=\"left:764px;bottom:943px;letter-spacing:-0.33px;display:inline;\">(11) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t13_214\" style=\"left:835px;bottom:943px;display:inline;\">5 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t14_214\" style=\"left:65px;bottom:924px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Costs of hedging deferred and recognised in other comprehensive income </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t15_214\" style=\"left:704px;bottom:924px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t16_214\" style=\"left:769px;bottom:924px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t17_214\" style=\"left:835px;bottom:924px;display:inline;\">3 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t18_214\" style=\"left:65px;bottom:906px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Change in fair value of currency swaps recognised in other comprehensive income </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t19_214\" style=\"left:696px;bottom:906px;letter-spacing:-0.11px;display:inline;\">33 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t1a_214\" style=\"left:770px;bottom:906px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t1b_214\" style=\"left:828px;bottom:906px;letter-spacing:-0.11px;display:inline;\">33 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_214\" id=\"t1c_214\" style=\"left:65px;bottom:888px;letter-spacing:-0.14px;display:inline;\">Reclassified </div><div class=\"t s5_214\" id=\"t1d_214\" style=\"left:127px;bottom:888px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">from other comprehensive income to pro</div><div class=\"t s6_214\" id=\"t1e_214\" style=\"left:330px;bottom:888px;letter-spacing:-0.2px;word-spacing:-0.14px;display:inline;\">fit or loss \u2013 included in financial expenses </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t1f_214\" style=\"left:693px;bottom:888px;letter-spacing:-0.3px;display:inline;\">(43) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t1g_214\" style=\"left:770px;bottom:888px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t1h_214\" style=\"left:825px;bottom:888px;letter-spacing:-0.3px;display:inline;\">(43) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t1i_214\" style=\"left:65px;bottom:869px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Deferred tax </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t1j_214\" style=\"left:703px;bottom:869px;display:inline;\">2 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t1k_214\" style=\"left:770px;bottom:869px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t1l_214\" style=\"left:835px;bottom:869px;display:inline;\">2 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t1m_214\" style=\"left:65px;bottom:851px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t1n_214\" style=\"left:703px;bottom:851px;display:inline;\">8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t1o_214\" style=\"left:766px;bottom:851px;letter-spacing:-0.37px;display:inline;\">(8) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t1p_214\" style=\"left:836px;bottom:851px;display:inline;\">\u2013 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_214\" id=\"t1q_214\" style=\"left:65px;bottom:832px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Change in fair value of currency swaps recognised in other comprehensive income </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_214\" id=\"t1r_214\" style=\"left:691px;bottom:832px;letter-spacing:-0.35px;display:inline;\">(30) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_214\" id=\"t1s_214\" style=\"left:769px;bottom:832px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_214\" id=\"t1t_214\" style=\"left:823px;bottom:832px;letter-spacing:-0.35px;display:inline;\">(30) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_214\" id=\"t1u_214\" style=\"left:65px;bottom:813px;letter-spacing:-0.14px;display:inline;\">Reclassified </div><div class=\"t s5_214\" id=\"t1v_214\" style=\"left:127px;bottom:813px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">from other comprehensive income to pro</div><div class=\"t s6_214\" id=\"t1w_214\" style=\"left:330px;bottom:813px;letter-spacing:-0.2px;word-spacing:-0.14px;display:inline;\">fit or loss \u2013 included in financial expenses </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_214\" id=\"t1x_214\" style=\"left:696px;bottom:813px;letter-spacing:-0.19px;display:inline;\">28 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_214\" id=\"t1y_214\" style=\"left:769px;bottom:813px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_214\" id=\"t1z_214\" style=\"left:828px;bottom:813px;letter-spacing:-0.19px;display:inline;\">28 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_214\" id=\"t20_214\" style=\"left:65px;bottom:795px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_214\" id=\"t21_214\" style=\"left:702px;bottom:795px;display:inline;\">6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_214\" id=\"t22_214\" style=\"left:765px;bottom:795px;letter-spacing:-0.41px;display:inline;\">(8) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_214\" id=\"t23_214\" style=\"left:831px;bottom:795px;letter-spacing:-0.29px;display:inline;\">(2) </div></td></tr></table>\n<div class=\"t s8_214\" id=\"t24_214\" style=\"left:65px;bottom:761px;letter-spacing:-0.03px;word-spacing:-0.13px;display:inline;\">Amounts reclassified </div><div class=\"t s9_214\" id=\"t25_214\" style=\"left:185px;bottom:761px;letter-spacing:-0.07px;word-spacing:-0.09px;display:inline;\">from other comprehensive income to </div><div class=\"t s8_214\" id=\"t26_214\" style=\"left:395px;bottom:761px;letter-spacing:-0.07px;word-spacing:-0.1px;display:inline;\">financial expenses comprise $14m (2022: $14m, 2021: $15m) net interest payable </div><div class=\"t s9_214\" id=\"t27_214\" style=\"left:65px;bottom:746px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">on the currency swaps and an exchange loss of $14m (2022: $57m gain, 2021: $81m loss) which o\ufb00sets a corresponding gain or loss on the </div>hedged bonds.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f40159": {
   "value": "Equity share capital <table>\n                                            <tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"td_213\" style=\"left:813px;bottom:1085px;letter-spacing:0.08px;display:inline;\">Equity </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t4_213\" style=\"left:607px;bottom:1075px;letter-spacing:0.14px;display:inline;\">Number </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t7_213\" style=\"left:672px;bottom:1075px;letter-spacing:0.11px;display:inline;\">Nominal </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"ta_213\" style=\"left:749px;bottom:1075px;letter-spacing:0.1px;display:inline;\">Share </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"te_213\" style=\"left:816px;bottom:1075px;letter-spacing:0.1px;display:inline;\">share </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t5_213\" style=\"left:603px;bottom:1064px;letter-spacing:0.07px;word-spacing:-0.18px;display:inline;\">of shares </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t8_213\" style=\"left:685px;bottom:1064px;letter-spacing:0.05px;display:inline;\">value </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"tb_213\" style=\"left:735px;bottom:1064px;letter-spacing:0.1px;display:inline;\">premium </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"tf_213\" style=\"left:811px;bottom:1064px;letter-spacing:0.09px;display:inline;\">capital </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t3_213\" style=\"left:65px;bottom:1053px;letter-spacing:0.05px;word-spacing:-0.16px;display:inline;\">Allotted, called up and fully paid </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t6_213\" style=\"left:608px;bottom:1053px;letter-spacing:0.08px;display:inline;\">millions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t9_213\" style=\"left:694px;bottom:1053px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"tc_213\" style=\"left:761px;bottom:1053px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"tg_213\" style=\"left:827px;bottom:1053px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s3_213\" id=\"th_213\" style=\"left:65px;bottom:1036px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">At 1 January 2021 (ordinary shares of 20 </div><div class=\"t s4_213\" id=\"ti_213\" style=\"vertical-align: super;left:259px;bottom:1042px;letter-spacing:0.23px;display:inline;\">340 </div><div class=\"t s3_213\" id=\"tj_213\" style=\"left:272px;bottom:1036px;display:inline;\">\u2044 </div><div class=\"t s4_213\" id=\"tk_213\" style=\"vertical-align: sub;left:274px;bottom:1036px;letter-spacing:0.23px;display:inline;\">399 </div><div class=\"t s3_213\" id=\"tl_213\" style=\"left:285px;bottom:1036px;letter-spacing:-0.28px;word-spacing:-0.08px;display:inline;\">p each) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"tm_213\" style=\"left:627px;bottom:1036px;letter-spacing:-0.25px;display:inline;\">187 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"tn_213\" style=\"left:696px;bottom:1036px;letter-spacing:-0.11px;display:inline;\">53 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"to_213\" style=\"left:757px;bottom:1036px;letter-spacing:-0.18px;display:inline;\">103 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"tp_213\" style=\"left:824px;bottom:1036px;letter-spacing:-0.18px;display:inline;\">156 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"tq_213\" style=\"left:65px;bottom:1017px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Exchange adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"tr_213\" style=\"left:637px;bottom:1017px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"ts_213\" style=\"left:703px;bottom:1017px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"tt_213\" style=\"left:766px;bottom:1017px;letter-spacing:-0.26px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"tu_213\" style=\"left:832px;bottom:1017px;letter-spacing:-0.26px;display:inline;\">(2) </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s3_213\" id=\"tv_213\" style=\"left:65px;bottom:999px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">At 31 December 2021 (ordinary shares of 20 </div><div class=\"t s4_213\" id=\"tw_213\" style=\"vertical-align: super;left:279px;bottom:1005px;letter-spacing:0.23px;display:inline;\">340 </div><div class=\"t s3_213\" id=\"tx_213\" style=\"left:292px;bottom:999px;display:inline;\">\u2044 </div><div class=\"t s4_213\" id=\"ty_213\" style=\"vertical-align: sub;left:294px;bottom:999px;letter-spacing:0.23px;display:inline;\">399 </div><div class=\"t s3_213\" id=\"tz_213\" style=\"left:306px;bottom:999px;letter-spacing:-0.28px;word-spacing:-0.08px;display:inline;\">p each) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t10_213\" style=\"left:627px;bottom:999px;letter-spacing:-0.25px;display:inline;\">187 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t11_213\" style=\"left:696px;bottom:999px;letter-spacing:-0.11px;display:inline;\">53 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t12_213\" style=\"left:759px;bottom:999px;letter-spacing:-0.15px;display:inline;\">101 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t13_213\" style=\"left:824px;bottom:999px;letter-spacing:-0.14px;display:inline;\">154 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t14_213\" style=\"left:65px;bottom:980px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Repurchased and cancelled under share repurchase programme </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t15_213\" style=\"left:633px;bottom:980px;letter-spacing:-0.49px;display:inline;\">(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t16_213\" style=\"left:702px;bottom:980px;letter-spacing:-0.35px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t17_213\" style=\"left:769px;bottom:980px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t18_213\" style=\"left:834px;bottom:980px;letter-spacing:-0.35px;display:inline;\">(1) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t19_213\" style=\"left:65px;bottom:962px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Exchange adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t1a_213\" style=\"left:637px;bottom:962px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t1b_213\" style=\"left:699px;bottom:962px;letter-spacing:-0.38px;display:inline;\">(6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t1c_213\" style=\"left:760px;bottom:962px;letter-spacing:-0.3px;display:inline;\">(10) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t1d_213\" style=\"left:827px;bottom:962px;letter-spacing:-0.28px;display:inline;\">(16) </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s3_213\" id=\"t1e_213\" style=\"left:65px;bottom:943px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">At 31 December 2022 (ordinary shares of 20 </div><div class=\"t s4_213\" id=\"t1f_213\" style=\"vertical-align: super;left:281px;bottom:950px;letter-spacing:0.23px;display:inline;\">340 </div><div class=\"t s3_213\" id=\"t1g_213\" style=\"left:294px;bottom:943px;display:inline;\">\u2044 </div><div class=\"t s4_213\" id=\"t1h_213\" style=\"vertical-align: sub;left:296px;bottom:943px;letter-spacing:0.23px;display:inline;\">399 </div><div class=\"t s3_213\" id=\"t1i_213\" style=\"left:308px;bottom:943px;letter-spacing:-0.28px;word-spacing:-0.08px;display:inline;\">p each) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t1j_213\" style=\"left:626px;bottom:943px;letter-spacing:-0.15px;display:inline;\">183 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t1k_213\" style=\"left:696px;bottom:943px;letter-spacing:-0.1px;display:inline;\">46 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t1l_213\" style=\"left:764px;bottom:943px;letter-spacing:-0.07px;display:inline;\">91 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t1m_213\" style=\"left:825px;bottom:943px;letter-spacing:-0.26px;display:inline;\">137 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t1n_213\" style=\"left:65px;bottom:924px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Repurchased and cancelled under share repurchase programme </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t1o_213\" style=\"left:630px;bottom:924px;letter-spacing:-0.36px;display:inline;\">(11) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t1p_213\" style=\"left:699px;bottom:924px;letter-spacing:-0.42px;display:inline;\">(3) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t1q_213\" style=\"left:769px;bottom:924px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t1r_213\" style=\"left:831px;bottom:924px;letter-spacing:-0.42px;display:inline;\">(3) </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t1s_213\" style=\"left:65px;bottom:906px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Exchange adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t1t_213\" style=\"left:637px;bottom:906px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t1u_213\" style=\"left:702px;bottom:906px;display:inline;\">3 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t1v_213\" style=\"left:768px;bottom:906px;display:inline;\">4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t1w_213\" style=\"left:835px;bottom:906px;display:inline;\">7 </div></td></tr><tr><td class=\"tcs-selection-enabled tcs-selected\" colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s5_213\" id=\"t1x_213\" style=\"left:65px;bottom:887px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">At 31 December 2023 (ordinary shares of 20 </div><div class=\"t s6_213\" id=\"t1y_213\" style=\"vertical-align: super;left:288px;bottom:894px;letter-spacing:0.21px;display:inline;\">340 </div><div class=\"t s5_213\" id=\"t1z_213\" style=\"left:302px;bottom:887px;display:inline;\">\u2044 </div><div class=\"t s6_213\" id=\"t20_213\" style=\"vertical-align: sub;left:303px;bottom:887px;letter-spacing:0.21px;display:inline;\">399 </div><div class=\"t s5_213\" id=\"t21_213\" style=\"left:316px;bottom:887px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">p each) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t22_213\" style=\"left:626px;bottom:887px;letter-spacing:-0.31px;display:inline;\">172 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t23_213\" style=\"left:695px;bottom:887px;letter-spacing:-0.17px;display:inline;\">46 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t24_213\" style=\"left:761px;bottom:887px;letter-spacing:-0.15px;display:inline;\">95 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t25_213\" style=\"left:825px;bottom:887px;letter-spacing:-0.37px;display:inline;\">141 </div></td></tr>\n                                        </table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f40389": {
   "value": "Treasury shares <table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t37_213\" style=\"left:728px;bottom:465px;letter-spacing:0.09px;word-spacing:-0.18px;display:inline;\">Number of </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t3a_213\" style=\"left:804px;bottom:465px;letter-spacing:0.11px;display:inline;\">Nominal </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t38_213\" style=\"left:746px;bottom:454px;letter-spacing:0.13px;display:inline;\">shares </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t3b_213\" style=\"left:817px;bottom:454px;letter-spacing:0.05px;display:inline;\">value </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t39_213\" style=\"left:740px;bottom:443px;letter-spacing:0.08px;display:inline;\">millions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_213\" id=\"t3c_213\" style=\"left:827px;bottom:443px;letter-spacing:0.2px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3d_213\" style=\"left:65px;bottom:426px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">At 1 January 2021 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3e_213\" style=\"left:762px;bottom:426px;letter-spacing:-0.35px;display:inline;\">5.1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3f_213\" style=\"left:827px;bottom:426px;letter-spacing:-0.15px;display:inline;\">1.4 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3g_213\" style=\"left:65px;bottom:407px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Transferred to employee share trusts </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3h_213\" style=\"left:758px;bottom:407px;letter-spacing:-0.27px;display:inline;\">(1.4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3i_213\" style=\"left:821px;bottom:407px;letter-spacing:-0.33px;display:inline;\">(0.4) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3j_213\" style=\"left:65px;bottom:389px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December 2021 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3k_213\" style=\"left:760px;bottom:389px;letter-spacing:-0.29px;display:inline;\">3.7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3l_213\" style=\"left:827px;bottom:389px;letter-spacing:-0.25px;display:inline;\">1.0 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3m_213\" style=\"left:65px;bottom:370px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Transferred to employee share trusts </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3n_213\" style=\"left:756px;bottom:370px;letter-spacing:-0.29px;display:inline;\">(0.7) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3o_213\" style=\"left:822px;bottom:370px;letter-spacing:-0.26px;display:inline;\">(0.2) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3p_213\" style=\"left:65px;bottom:352px;letter-spacing:-0.24px;word-spacing:-0.14px;display:inline;\">Repurchased under share repurchase programme </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3q_213\" style=\"left:759px;bottom:352px;letter-spacing:-0.1px;display:inline;\">4.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3r_213\" style=\"left:830px;bottom:352px;letter-spacing:-0.37px;display:inline;\">1.1 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3s_213\" style=\"left:65px;bottom:333px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">At 31 December 2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3t_213\" style=\"left:761px;bottom:333px;letter-spacing:-0.48px;display:inline;\">7.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3u_213\" style=\"left:827px;bottom:333px;letter-spacing:-0.17px;display:inline;\">1.9 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3v_213\" style=\"left:65px;bottom:315px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Transferred to employee share trusts </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t3w_213\" style=\"left:754px;bottom:315px;letter-spacing:-0.33px;display:inline;\">(0.5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t3x_213\" style=\"left:823px;bottom:315px;letter-spacing:-0.45px;display:inline;\">(0.1) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_213\" id=\"t3y_213\" style=\"left:65px;bottom:296px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Exchange adjustments </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t3z_213\" style=\"left:769px;bottom:296px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t40_213\" style=\"left:826px;bottom:296px;letter-spacing:-0.49px;display:inline;\">0.1 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t41_213\" style=\"left:65px;bottom:278px;letter-spacing:-0.21px;word-spacing:-0.17px;display:inline;\">At 31 December 2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t42_213\" style=\"left:759px;bottom:278px;letter-spacing:-0.65px;display:inline;\">7.0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_213\" id=\"t43_213\" style=\"left:826px;bottom:278px;letter-spacing:-0.18px;display:inline;\">1.9 </div></td></tr></table>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f40671": {
   "value": "30. Contingencies and commitments <div class=\"t s2_214\" id=\"t2a_214\" style=\"left:65px;bottom:685px;letter-spacing:0.01px;word-spacing:-0.15px;display:inline;\">2022 criminal unauthorised access to technology systems </div><div class=\"t s9_214\" id=\"t2b_214\" style=\"left:65px;bottom:670px;letter-spacing:-0.11px;word-spacing:-0.1px;display:inline;\">On 6 September 2022, the Group announced that parts of the Group\u2019s technology systems had been subject to unauthorised activity causing </div><div class=\"t s9_214\" id=\"t2c_214\" style=\"left:65px;bottom:655px;letter-spacing:-0.05px;word-spacing:-0.1px;display:inline;\">disruption to IHG\u2019s booking channels and other applications. No evidence of unauthorised access to systems storing guest data was </div><div class=\"t s8_214\" id=\"t2d_214\" style=\"left:65px;bottom:639px;letter-spacing:-0.04px;word-spacing:-0.11px;display:inline;\">identified and precautionary regulatory notifications were filed and have been closed. </div><div class=\"t s8_214\" id=\"t2e_214\" style=\"left:65px;bottom:616px;letter-spacing:-0.12px;word-spacing:-0.12px;display:inline;\">A class action has been filed, although alleged damages have not been specified. Given the uncertainty around the timing o</div><div class=\"t s9_214\" id=\"t2f_214\" style=\"left:743px;bottom:616px;letter-spacing:-0.12px;word-spacing:-0.13px;display:inline;\">f the legal process </div><div class=\"t s9_214\" id=\"t2g_214\" style=\"left:65px;bottom:601px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">and the quantum of any damages, it is not practicable to make a reliable estimate of the possible </div><div class=\"t s8_214\" id=\"t2h_214\" style=\"left:604px;bottom:601px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">financial e\ufb00ect o</div><div class=\"t s9_214\" id=\"t2i_214\" style=\"left:696px;bottom:601px;letter-spacing:-0.08px;word-spacing:-0.06px;display:inline;\">f any claims on the Group </div><div class=\"t s9_214\" id=\"t2j_214\" style=\"left:65px;bottom:586px;letter-spacing:-0.1px;word-spacing:-0.06px;display:inline;\">at this time. </div><div class=\"t s9_214\" id=\"t2k_214\" style=\"left:65px;bottom:563px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The Group holds third-party insurance policies in respect of cyber risks. It is expected that any further payment of claims will be recoverable </div><div class=\"t s8_214\" id=\"t2l_214\" style=\"left:65px;bottom:548px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">under insurance policies, subject to specific agreement with the insurance providers. </div><div class=\"t s2_214\" id=\"t2m_214\" style=\"left:65px;bottom:525px;letter-spacing:-0.03px;display:inline;\">Litigation </div><div class=\"t s9_214\" id=\"t2n_214\" style=\"left:65px;bottom:509px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">From time to time, the Group is subject to legal proceedings the ultimate outcome of each being always subject to many uncertainties </div><div class=\"t s8_214\" id=\"t2o_214\" style=\"left:65px;bottom:494px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">inherent in litigation. These legal claims and proceedings are in various stages and include disputes related to specific hotels where the </div><div class=\"t s9_214\" id=\"t2p_214\" style=\"left:65px;bottom:479px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">potential materiality is not yet known; such proceedings, either individually or in the aggregate, have not in the recent past and are not likely </div><div class=\"t s8_214\" id=\"t2q_214\" style=\"left:65px;bottom:464px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">to have a material e\ufb00ect on the Group\u2019s financial position or profitability. Previously reported contingent liabilities have been resolved or are </div><div class=\"t s9_214\" id=\"t2r_214\" style=\"left:65px;bottom:448px;letter-spacing:-0.03px;word-spacing:-0.1px;display:inline;\">considered remote. </div><div class=\"t s9_214\" id=\"t2s_214\" style=\"left:65px;bottom:425px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">It is the view of the Directors that, other than to the extent that liabilities have been provided for in these Group Financial Statements (see </div><div class=\"t s9_214\" id=\"t2t_214\" style=\"left:65px;bottom:410px;letter-spacing:-0.08px;word-spacing:-0.07px;display:inline;\">note 20), it is not possible to quantify any loss to which these proceedings may give rise, however, as at the date of reporting, the Group </div><div class=\"t s9_214\" id=\"t2u_214\" style=\"left:65px;bottom:395px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">does not believe that the outcome of these matters will have a material e\ufb00ect on the Group\u2019s </div><div class=\"t s8_214\" id=\"t2v_214\" style=\"left:581px;bottom:395px;letter-spacing:-0.03px;word-spacing:-0.12px;display:inline;\">financial position. </div><div class=\"t s2_214\" id=\"t2w_214\" style=\"left:65px;bottom:372px;letter-spacing:0.02px;word-spacing:-0.16px;display:inline;\">Other items </div><div class=\"t s9_214\" id=\"t2x_214\" style=\"left:65px;bottom:357px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">At 31 December 2023, the Group had outstanding letters of credit of $68m (2022: $55m) mainly relating to the Group\u2019s Captive. The letters </div><div class=\"t s9_214\" id=\"t2y_214\" style=\"left:65px;bottom:341px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">of credit do not have set expiry dates, but are reviewed and amended as required. </div><div class=\"t s9_214\" id=\"t2z_214\" style=\"left:65px;bottom:318px;letter-spacing:-0.04px;word-spacing:-0.1px;display:inline;\">The Group had total commitments for capital expenditure of $10m at 31 December 2023 (2022: $6m). The Group has also committed to </div>invest $3m (2022: $6m) in one of its associates.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f40724": {
   "value": "31. Related party disclosures <div class=\"t s1_215\" id=\"t2_215\" style=\"left:65px;bottom:1100px;letter-spacing:0.02px;word-spacing:-0.14px;display:inline;\">Key management personnel </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_215\" id=\"t4_215\" style=\"left:662px;bottom:1085px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"t6_215\" style=\"left:741px;bottom:1085px;letter-spacing:0.17px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"t8_215\" style=\"left:821px;bottom:1085px;letter-spacing:0.14px;display:inline;\">2021 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_215\" id=\"t3_215\" style=\"left:65px;bottom:1075px;letter-spacing:0.06px;word-spacing:-0.16px;display:inline;\">Total compensation </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_215\" id=\"t5_215\" style=\"left:671px;bottom:1075px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"t7_215\" style=\"left:749px;bottom:1075px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"t9_215\" style=\"left:827px;bottom:1075px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"ta_215\" style=\"left:65px;bottom:1056px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Short-term employment benefits </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"tb_215\" style=\"left:664px;bottom:1056px;letter-spacing:-0.23px;display:inline;\">18.6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"tc_215\" style=\"left:744px;bottom:1056px;letter-spacing:-0.29px;display:inline;\">18.7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"td_215\" style=\"left:821px;bottom:1056px;letter-spacing:-0.21px;display:inline;\">19.3 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"te_215\" style=\"left:65px;bottom:1038px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Contributions to defined contribution pension plans </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"tf_215\" style=\"left:668px;bottom:1038px;letter-spacing:-0.26px;display:inline;\">0.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"tg_215\" style=\"left:747px;bottom:1038px;letter-spacing:-0.21px;display:inline;\">0.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"th_215\" style=\"left:825px;bottom:1038px;letter-spacing:-0.21px;display:inline;\">0.5 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"ti_215\" style=\"left:65px;bottom:1019px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">Equity compensation benefits </div><div class=\"t s7_215\" id=\"tj_215\" style=\"left:213px;bottom:1026px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"tk_215\" style=\"left:664px;bottom:1019px;letter-spacing:-0.18px;display:inline;\">15.8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"tl_215\" style=\"left:743px;bottom:1019px;letter-spacing:-0.19px;display:inline;\">13.4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"tm_215\" style=\"left:828px;bottom:1019px;letter-spacing:-0.36px;display:inline;\">8.1 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"tn_215\" style=\"left:661px;bottom:1001px;letter-spacing:-0.16px;display:inline;\">34.9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"to_215\" style=\"left:741px;bottom:1001px;letter-spacing:-0.23px;display:inline;\">32.6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"tp_215\" style=\"left:821px;bottom:1001px;letter-spacing:-0.4px;display:inline;\">27.9 </div></td></tr></table>\n<div class=\"t s8_215\" id=\"tq_215\" style=\"left:65px;bottom:977px;display:inline;\">a </div><div class=\"t s4_215\" id=\"tr_215\" style=\"left:74px;bottom:973px;letter-spacing:0.05px;word-spacing:-0.15px;display:inline;\">As measured in accordance with IFRS 2 \u2018Share-based Payment\u2019. </div><div class=\"t s9_215\" id=\"ts_215\" style=\"left:65px;bottom:941px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">There were no other transactions with key management personnel, defined as the Board and Executive Committee, during the years ended </div><div class=\"t s9_215\" id=\"tt_215\" style=\"left:65px;bottom:926px;letter-spacing:0.01px;word-spacing:-0.14px;display:inline;\">31 December 2023, 2022 or 2021. </div><div class=\"t s1_215\" id=\"tu_215\" style=\"left:65px;bottom:903px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">Associates and joint ventures </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_215\" id=\"tv_215\" style=\"left:662px;bottom:889px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"tx_215\" style=\"left:741px;bottom:889px;letter-spacing:0.17px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"tz_215\" style=\"left:821px;bottom:889px;letter-spacing:0.14px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_215\" id=\"tw_215\" style=\"left:671px;bottom:878px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"ty_215\" style=\"left:749px;bottom:878px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"t10_215\" style=\"left:827px;bottom:878px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t11_215\" style=\"left:65px;bottom:860px;letter-spacing:-0.28px;word-spacing:-0.09px;display:inline;\">Fee revenue </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"t12_215\" style=\"left:676px;bottom:860px;letter-spacing:-0.3px;display:inline;\">11 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t13_215\" style=\"left:757px;bottom:860px;display:inline;\">9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t14_215\" style=\"left:835px;bottom:860px;display:inline;\">3 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t15_215\" style=\"left:65px;bottom:842px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Amounts receivable </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"t16_215\" style=\"left:673px;bottom:842px;letter-spacing:-0.19px;display:inline;\">19 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t17_215\" style=\"left:752px;bottom:842px;letter-spacing:-0.22px;display:inline;\">10 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t18_215\" style=\"left:833px;bottom:842px;letter-spacing:-0.3px;display:inline;\">11 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t19_215\" style=\"left:65px;bottom:823px;letter-spacing:-0.26px;word-spacing:-0.12px;display:inline;\">Amounts payable </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"t1a_215\" style=\"left:670px;bottom:823px;letter-spacing:-0.34px;display:inline;\">(10) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t1b_215\" style=\"left:758px;bottom:823px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t1c_215\" style=\"left:836px;bottom:823px;display:inline;\">\u2013 </div></td></tr></table>\n<div class=\"t sa_215\" id=\"t1d_215\" style=\"left:65px;bottom:791px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">The Group has a performance guarantee with a maximum exposure remaining of $6m (2022: $10m) for one associate. In 2021, the Group </div><div class=\"t sa_215\" id=\"t1e_215\" style=\"left:65px;bottom:775px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">had an outstanding guarantee of $12m against the bank loan of another associate. </div><div class=\"t sa_215\" id=\"t1f_215\" style=\"left:65px;bottom:753px;letter-spacing:-0.07px;word-spacing:-0.07px;display:inline;\">The Group funds shortfalls in owner returns relating to the Barclay associate (see note 15). In addition, loans both to and from the Barclay </div><div class=\"t sa_215\" id=\"t1g_215\" style=\"left:65px;bottom:737px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">associate of $237m (2022: $237m) are o\ufb00set in accordance with the provisions of IAS 32 \u2018Financial Instruments: Presentation\u2019 and presented </div><div class=\"t sa_215\" id=\"t1h_215\" style=\"left:65px;bottom:722px;letter-spacing:-0.07px;word-spacing:-0.08px;display:inline;\">net in the Group statement of </div><div class=\"t s9_215\" id=\"t1i_215\" style=\"left:232px;bottom:722px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">financial position. Interest payable and receivable under the loans is equivalent. The loans have an average </div><div class=\"t sa_215\" id=\"t1j_215\" style=\"left:65px;bottom:707px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">interest rate of 4.0% (2022: 2.7%) and interest is presented net in the Group income statement. Notes 6 and 15 contain details of other </div><div class=\"t s9_215\" id=\"t1k_215\" style=\"left:65px;bottom:691px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">transactions with the Barclay associate. </div><div class=\"t sa_215\" id=\"t1l_215\" style=\"left:65px;bottom:669px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\">Amounts receivable include $12m preferred equity investments in two associates which is presented within Other </div>financial assets.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f40727": {
   "value": "Key management personnel <table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_215\" id=\"t4_215\" style=\"left:662px;bottom:1085px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"t6_215\" style=\"left:741px;bottom:1085px;letter-spacing:0.17px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"t8_215\" style=\"left:821px;bottom:1085px;letter-spacing:0.14px;display:inline;\">2021 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_215\" id=\"t3_215\" style=\"left:65px;bottom:1075px;letter-spacing:0.06px;word-spacing:-0.16px;display:inline;\">Total compensation </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_215\" id=\"t5_215\" style=\"left:671px;bottom:1075px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"t7_215\" style=\"left:749px;bottom:1075px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"t9_215\" style=\"left:827px;bottom:1075px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"ta_215\" style=\"left:65px;bottom:1056px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Short-term employment benefits </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"tb_215\" style=\"left:664px;bottom:1056px;letter-spacing:-0.23px;display:inline;\">18.6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"tc_215\" style=\"left:744px;bottom:1056px;letter-spacing:-0.29px;display:inline;\">18.7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"td_215\" style=\"left:821px;bottom:1056px;letter-spacing:-0.21px;display:inline;\">19.3 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"te_215\" style=\"left:65px;bottom:1038px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Contributions to defined contribution pension plans </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"tf_215\" style=\"left:668px;bottom:1038px;letter-spacing:-0.26px;display:inline;\">0.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"tg_215\" style=\"left:747px;bottom:1038px;letter-spacing:-0.21px;display:inline;\">0.5 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"th_215\" style=\"left:825px;bottom:1038px;letter-spacing:-0.21px;display:inline;\">0.5 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"ti_215\" style=\"left:65px;bottom:1019px;letter-spacing:-0.2px;word-spacing:-0.17px;display:inline;\">Equity compensation benefits </div><div class=\"t s7_215\" id=\"tj_215\" style=\"left:213px;bottom:1026px;display:inline;\">a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"tk_215\" style=\"left:664px;bottom:1019px;letter-spacing:-0.18px;display:inline;\">15.8 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"tl_215\" style=\"left:743px;bottom:1019px;letter-spacing:-0.19px;display:inline;\">13.4 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"tm_215\" style=\"left:828px;bottom:1019px;letter-spacing:-0.36px;display:inline;\">8.1 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"tn_215\" style=\"left:661px;bottom:1001px;letter-spacing:-0.16px;display:inline;\">34.9 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"to_215\" style=\"left:741px;bottom:1001px;letter-spacing:-0.23px;display:inline;\">32.6 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"tp_215\" style=\"left:821px;bottom:1001px;letter-spacing:-0.4px;display:inline;\">27.9 </div></td></tr></table>\n<div class=\"t s8_215\" id=\"tq_215\" style=\"left:65px;bottom:977px;display:inline;\">a </div><div class=\"t s4_215\" id=\"tr_215\" style=\"left:74px;bottom:973px;letter-spacing:0.05px;word-spacing:-0.15px;display:inline;\">As measured in accordance with IFRS 2 \u2018Share-based Payment\u2019. </div><div class=\"t s9_215\" id=\"ts_215\" style=\"left:65px;bottom:941px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">There were no other transactions with key management personnel, defined as the Board and Executive Committee, during the years ended </div>31 December 2023, 2022 or 2021.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f40845": {
   "value": "32. System Fund and reimbursables <div class=\"t s9_215\" id=\"t1o_215\" style=\"left:65px;bottom:623px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">System Fund and reimbursable revenues and expenses comprise: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_215\" id=\"t1p_215\" style=\"left:662px;bottom:601px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"t1r_215\" style=\"left:741px;bottom:601px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"t1t_215\" style=\"left:821px;bottom:601px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_215\" id=\"t1q_215\" style=\"left:671px;bottom:590px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"t1s_215\" style=\"left:749px;bottom:590px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"t1u_215\" style=\"left:827px;bottom:590px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t1v_215\" style=\"left:65px;bottom:572px;letter-spacing:-0.27px;word-spacing:-0.1px;display:inline;\">System Fund revenues </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"t1w_215\" style=\"left:657px;bottom:572px;letter-spacing:-0.19px;display:inline;\">1,564 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t1x_215\" style=\"left:740px;bottom:572px;letter-spacing:-0.14px;display:inline;\">1,217 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t1y_215\" style=\"left:822px;bottom:572px;letter-spacing:-0.17px;display:inline;\">928 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t1z_215\" style=\"left:65px;bottom:554px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Reimbursable revenues </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"t20_215\" style=\"left:664px;bottom:554px;letter-spacing:-0.16px;display:inline;\">896 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t21_215\" style=\"left:744px;bottom:554px;letter-spacing:-0.12px;display:inline;\">832 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t22_215\" style=\"left:822px;bottom:554px;letter-spacing:-0.11px;display:inline;\">589 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"t23_215\" style=\"left:65px;bottom:535px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">System Fund and reimbursable revenues </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"t24_215\" style=\"left:654px;bottom:535px;letter-spacing:-0.15px;display:inline;\">2,460 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t25_215\" style=\"left:734px;bottom:535px;letter-spacing:-0.19px;display:inline;\">2,049 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t26_215\" style=\"left:818px;bottom:535px;letter-spacing:-0.24px;display:inline;\">1,517 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t27_215\" style=\"left:65px;bottom:504px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">System Fund expenses </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"t28_215\" style=\"left:654px;bottom:504px;letter-spacing:-0.23px;display:inline;\">(1,545) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t29_215\" style=\"left:735px;bottom:504px;letter-spacing:-0.19px;display:inline;\">(1,322) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t2a_215\" style=\"left:818px;bottom:504px;letter-spacing:-0.22px;display:inline;\">(939) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t2b_215\" style=\"left:65px;bottom:485px;letter-spacing:-0.21px;word-spacing:-0.16px;display:inline;\">Reimbursable expenses </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"t2c_215\" style=\"left:661px;bottom:485px;letter-spacing:-0.28px;display:inline;\">(896) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t2d_215\" style=\"left:741px;bottom:485px;letter-spacing:-0.24px;display:inline;\">(832) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t2e_215\" style=\"left:819px;bottom:485px;letter-spacing:-0.2px;display:inline;\">(589) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"t2f_215\" style=\"left:65px;bottom:467px;letter-spacing:-0.21px;word-spacing:-0.16px;display:inline;\">System Fund and reimbursable expenses </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"t2g_215\" style=\"left:654px;bottom:467px;letter-spacing:-0.22px;display:inline;\">(2,441) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t2h_215\" style=\"left:734px;bottom:467px;letter-spacing:-0.26px;display:inline;\">(2,154) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t2i_215\" style=\"left:813px;bottom:467px;letter-spacing:-0.26px;display:inline;\">(1,528) </div></td></tr></table>\n<div class=\"t s9_215\" id=\"t2j_215\" style=\"left:65px;bottom:433px;letter-spacing:-0.06px;word-spacing:-0.07px;display:inline;\">System Fund revenues include: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_215\" id=\"t2k_215\" style=\"left:662px;bottom:411px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"t2m_215\" style=\"left:741px;bottom:411px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"t2o_215\" style=\"left:821px;bottom:411px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_215\" id=\"t2l_215\" style=\"left:671px;bottom:401px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"t2n_215\" style=\"left:749px;bottom:401px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"t2p_215\" style=\"left:827px;bottom:401px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_215\" id=\"t2q_215\" style=\"left:65px;bottom:383px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Assessment fees and contributions received from hotels and other revenues </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"t2r_215\" style=\"left:660px;bottom:383px;letter-spacing:-0.3px;display:inline;\">1,185 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t2s_215\" style=\"left:743px;bottom:383px;letter-spacing:-0.11px;display:inline;\">989 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t2t_215\" style=\"left:824px;bottom:383px;letter-spacing:-0.18px;display:inline;\">727 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t sb_215\" id=\"t2u_215\" style=\"left:65px;bottom:364px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Loyalty programme revenues, net of the cost of point redemptions </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"t2v_215\" style=\"left:665px;bottom:364px;letter-spacing:-0.29px;display:inline;\">379 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t2w_215\" style=\"left:745px;bottom:364px;letter-spacing:-0.12px;display:inline;\">228 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t2x_215\" style=\"left:824px;bottom:364px;letter-spacing:-0.17px;display:inline;\">201 </div></td></tr></table>\n<div class=\"t s9_215\" id=\"t2y_215\" style=\"left:65px;bottom:331px;letter-spacing:-0.04px;word-spacing:-0.09px;display:inline;\">System Fund expenses include: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_215\" id=\"t2z_215\" style=\"left:662px;bottom:309px;letter-spacing:0.14px;display:inline;\">2023 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"t31_215\" style=\"left:741px;bottom:309px;letter-spacing:0.19px;display:inline;\">2022 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"t33_215\" style=\"left:821px;bottom:309px;letter-spacing:0.16px;display:inline;\">2021 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_215\" id=\"t30_215\" style=\"left:671px;bottom:298px;letter-spacing:0.19px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"t32_215\" style=\"left:749px;bottom:298px;letter-spacing:0.16px;display:inline;\">$m </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_215\" id=\"t34_215\" style=\"left:827px;bottom:298px;letter-spacing:0.16px;display:inline;\">$m </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t35_215\" style=\"left:65px;bottom:280px;letter-spacing:-0.27px;display:inline;\">Marketing </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"t36_215\" style=\"left:664px;bottom:280px;letter-spacing:-0.18px;display:inline;\">498 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t37_215\" style=\"left:743px;bottom:280px;letter-spacing:-0.14px;display:inline;\">408 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t38_215\" style=\"left:825px;bottom:280px;letter-spacing:-0.38px;display:inline;\">147 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t39_215\" style=\"left:65px;bottom:262px;letter-spacing:-0.18px;word-spacing:-0.18px;display:inline;\">Sta\ufb00 costs </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"t3a_215\" style=\"left:664px;bottom:262px;letter-spacing:-0.16px;display:inline;\">399 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t3b_215\" style=\"left:746px;bottom:262px;letter-spacing:-0.22px;display:inline;\">341 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t3c_215\" style=\"left:821px;bottom:262px;letter-spacing:-0.18px;display:inline;\">304 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t3d_215\" style=\"left:65px;bottom:243px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Depreciation and amortisation </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"t3e_215\" style=\"left:671px;bottom:243px;letter-spacing:-0.15px;display:inline;\">83 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t3f_215\" style=\"left:750px;bottom:243px;letter-spacing:-0.13px;display:inline;\">86 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t3g_215\" style=\"left:828px;bottom:243px;letter-spacing:-0.2px;display:inline;\">94 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t3h_215\" style=\"left:65px;bottom:225px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Impairment loss/(reversal) on trade receivables (note 17) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"t3i_215\" style=\"left:679px;bottom:225px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t3j_215\" style=\"left:758px;bottom:225px;display:inline;\">7 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t3k_215\" style=\"left:831px;bottom:225px;letter-spacing:-0.38px;display:inline;\">(6) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t3l_215\" style=\"left:65px;bottom:206px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Other net impairment reversals (note 14) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_215\" id=\"t3m_215\" style=\"left:679px;bottom:206px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t3n_215\" style=\"left:758px;bottom:206px;display:inline;\">\u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_215\" id=\"t3o_215\" style=\"left:832px;bottom:206px;letter-spacing:-0.4px;display:inline;\">(3) </div></td></tr></table>\n",
   "dimensions": {
    "concept": "ihg:DisclosureOfSystemFundAndReimbursablesExplanatoryTextBlock",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f41042": {
   "value": "33. Group companies <div class=\"t s3_216\" id=\"t4_216\" style=\"left:65px;bottom:1100px;letter-spacing:-0.06px;word-spacing:-0.09px;display:inline;\">In accordance with Section 409 of the Companies Act 2006, a full list of entities in which the Group has an interest of greater than or equal </div><div class=\"t s3_216\" id=\"t5_216\" style=\"left:65px;bottom:1084px;letter-spacing:-0.11px;word-spacing:-0.11px;display:inline;\">to 20%, the registered o\ufb00ice and e</div><div class=\"t s4_216\" id=\"t6_216\" style=\"left:254px;bottom:1084px;letter-spacing:-0.1px;word-spacing:-0.12px;display:inline;\">\ufb00ective percentage of equity owned as at 31 December 2023 are disclosed below. Unless otherwise stated, </div><div class=\"t s5_216\" id=\"t7_216\" style=\"left:65px;bottom:1069px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">the ownership interest disclosed comprises either ordinary shares, certificated or un-certificated membership interests which are indirectly </div><div class=\"t s3_216\" id=\"t8_216\" style=\"left:65px;bottom:1054px;letter-spacing:-0.06px;word-spacing:-0.08px;display:inline;\">held by InterContinental Hotels Group PLC. </div><table>\n                                            <tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_216\" id=\"t9_216\" style=\"left:65px;bottom:1023px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">Fully owned subsidiaries </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t28_216\" style=\"left:329px;bottom:1024px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">IHC Inter-Continental (Holdings) Corp. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t47_216\" style=\"left:593px;bottom:1024px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">InterContinental Hotels Group (Greater China) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"ta_216\" style=\"left:65px;bottom:1011px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">10000 Champion Acquisition LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t29_216\" style=\"left:329px;bottom:1011px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">IHC London (Holdings) (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t48_216\" style=\"left:602px;bottom:1011px;letter-spacing:-0.29px;word-spacing:-0.06px;display:inline;\">Limited (ac) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tb_216\" style=\"left:65px;bottom:997px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">24th Street Operator Sub, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2a_216\" style=\"left:329px;bottom:997px;letter-spacing:-0.27px;word-spacing:-0.08px;display:inline;\">IHC May Fair Hotel Limited (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t49_216\" style=\"left:593px;bottom:997px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">InterContinental Hotels Group (India) Private </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tc_216\" style=\"left:65px;bottom:984px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">2250 Blake Street Hotel, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_216\" id=\"t2b_216\" style=\"left:329px;bottom:984px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">IHC M-H (Holdings) Corp. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4a_216\" style=\"left:602px;bottom:984px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Limited (aq) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"td_216\" style=\"left:65px;bottom:971px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">36th Street IHG Sub, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2c_216\" style=\"left:329px;bottom:971px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">IHC Overseas (U.K.) Limited (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4b_216\" style=\"left:593px;bottom:971px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">InterContinental Hotels Group (Japan), Inc. (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"te_216\" style=\"left:65px;bottom:957px;letter-spacing:-0.27px;word-spacing:-0.08px;display:inline;\">426 Main Ave, LLC. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2d_216\" style=\"left:329px;bottom:957px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">IHC United States (Holdings) Corp. (b) (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4c_216\" style=\"left:593px;bottom:957px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">InterContinental Hotels Group (New Zealand) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tf_216\" style=\"left:65px;bottom:944px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">46 Nevins Street Associates, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2e_216\" style=\"left:329px;bottom:944px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">IHC Willard (Holdings) Corp. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4d_216\" style=\"left:602px;bottom:944px;letter-spacing:-0.29px;word-spacing:-0.06px;display:inline;\">Limited (an) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tg_216\" style=\"left:65px;bottom:930px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Alpha Kimball Hotel, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2f_216\" style=\"left:329px;bottom:930px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">IHG 24th Street JV LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4e_216\" style=\"left:593px;bottom:930px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">InterContinental Hotels Group (Shanghai) Ltd. (bb) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_216\" id=\"th_216\" style=\"left:65px;bottom:917px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Asia Pacific Holdings Limited (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2g_216\" style=\"left:329px;bottom:917px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">IHG (Marseille) SAS (x) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4f_216\" style=\"left:593px;bottom:917px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">InterContinental Hotels Group (Vietnam) Company </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"ti_216\" style=\"left:65px;bottom:904px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Barclay Operating Corp. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2h_216\" style=\"left:329px;bottom:904px;letter-spacing:-0.28px;word-spacing:-0.08px;display:inline;\">IHG (Myanmar) Limited (ah) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4g_216\" style=\"left:602px;bottom:904px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">Limited (q) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tj_216\" style=\"left:65px;bottom:890px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">BHMC Canada Inc. (o) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2i_216\" style=\"left:329px;bottom:890px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">IHG (Thailand) Limited (bu) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4h_216\" style=\"left:593px;bottom:890px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">InterContinental Hotels Group Customer Services </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tk_216\" style=\"left:65px;bottom:877px;letter-spacing:-0.29px;word-spacing:-0.06px;display:inline;\">BHR Holdings B.V. (p) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2j_216\" style=\"left:329px;bottom:877px;letter-spacing:-0.25px;word-spacing:-0.13px;display:inline;\">IHG Amsterdam Management BV (p) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4i_216\" style=\"left:602px;bottom:877px;letter-spacing:-0.3px;word-spacing:-0.05px;display:inline;\">Limited (n) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_216\" id=\"tl_216\" style=\"left:65px;bottom:864px;letter-spacing:-0.2px;word-spacing:-0.15px;display:inline;\">BHR Pacific Holdings, Inc. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2k_216\" style=\"left:329px;bottom:864px;letter-spacing:-0.28px;word-spacing:-0.08px;display:inline;\">IHG Bangkok Ltd. (v) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4j_216\" style=\"left:593px;bottom:864px;letter-spacing:-0.43px;word-spacing:-0.13px;display:inline;\">InterContinental Hotels Group do Brasil Limitada (bc) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tm_216\" style=\"left:65px;bottom:850px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">BHTC Canada Inc. (o) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2l_216\" style=\"left:329px;bottom:850px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">IHG Brasil Administracao de Hoteis e Servicos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4k_216\" style=\"left:593px;bottom:850px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">InterContinental Hotels Group Healthcare Trustee </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tn_216\" style=\"left:65px;bottom:837px;letter-spacing:-0.39px;word-spacing:-0.13px;display:inline;\">Blythswood Square Glasgow Hotel OpCo Limited (n) </div></td><td class=\"tcs-selection-enabled tcs-selected\" colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2m_216\" style=\"left:338px;bottom:837px;letter-spacing:-0.29px;word-spacing:-0.05px;display:inline;\">Ltda (ak) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4l_216\" style=\"left:602px;bottom:837px;letter-spacing:-0.3px;word-spacing:-0.05px;display:inline;\">Limited (n) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"to_216\" style=\"left:65px;bottom:823px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">BOC Barclay Sub LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2n_216\" style=\"left:329px;bottom:823px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">IHG Capital Lending LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4m_216\" style=\"left:593px;bottom:823px;letter-spacing:-0.45px;word-spacing:-0.12px;display:inline;\">InterContinental Hotels Group Operating Corp. (e) (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tp_216\" style=\"left:65px;bottom:810px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Bristol Oakbrook Tenant Company (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2o_216\" style=\"left:329px;bottom:810px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">IHG Commissions Services SRL (co) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4n_216\" style=\"left:593px;bottom:810px;letter-spacing:-0.39px;word-spacing:-0.12px;display:inline;\">InterContinental Hotels Group Resources, LLC (b) (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tq_216\" style=\"left:65px;bottom:797px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Cambridge Lodging LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2p_216\" style=\"left:329px;bottom:797px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">IHG de Argentina SA (al) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4o_216\" style=\"left:593px;bottom:797px;letter-spacing:-0.39px;word-spacing:-0.13px;display:inline;\">InterContinental Hotels Group Services Company (n) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tr_216\" style=\"left:65px;bottom:783px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Capital Lodging LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2q_216\" style=\"left:329px;bottom:783px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">IHG ECS (Barbados) SRL (co) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4p_216\" style=\"left:593px;bottom:783px;letter-spacing:-0.22px;word-spacing:-0.12px;display:inline;\">InterContinental Hotels Italia, S.r.L. (be) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"ts_216\" style=\"left:65px;bottom:770px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">CECNY Land Holdings LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2r_216\" style=\"left:329px;bottom:770px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">IHG Finance LLC- Incorporated 19/06/2023 (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4q_216\" style=\"left:593px;bottom:770px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">InterContinental Hotels Limited (a) (n) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tt_216\" style=\"left:65px;bottom:757px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">CF Irving Owner, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2s_216\" style=\"left:329px;bottom:757px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">IHG Franchising Brasil Ltda. (bd) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4r_216\" style=\"left:593px;bottom:757px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">InterContinental Hotels Managementgesellschaft </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tu_216\" style=\"left:65px;bottom:743px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">CF McKinney Owner, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2t_216\" style=\"left:329px;bottom:743px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">IHG Franchising DR Corporation (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4s_216\" style=\"left:602px;bottom:743px;letter-spacing:-0.16px;word-spacing:-0.21px;display:inline;\">mbH (bf) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tv_216\" style=\"left:65px;bottom:730px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Compa\u00f1ia Inter-Continental De Hoteles </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2u_216\" style=\"left:329px;bottom:730px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">IHG Franchising, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4t_216\" style=\"left:593px;bottom:730px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">InterContinental Hotels Management Montenegro </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tw_216\" style=\"left:74px;bottom:717px;letter-spacing:-0.29px;word-spacing:-0.06px;display:inline;\">El Salvador SA (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2v_216\" style=\"left:329px;bottom:717px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">IHG Honduras S. de R.L. (cr) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4u_216\" style=\"left:602px;bottom:717px;letter-spacing:-0.34px;display:inline;\">d.o.o. (ce) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tx_216\" style=\"left:65px;bottom:703px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Crowne Plaza, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2w_216\" style=\"left:329px;bottom:703px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">IHG Hotels (New Zealand) Limited (an) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4v_216\" style=\"left:593px;bottom:703px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">InterContinental Hotels Nevada Corporation (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"ty_216\" style=\"left:65px;bottom:690px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">Cumberland Akers Hotel, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2x_216\" style=\"left:329px;bottom:690px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">IHG Hotels Limited (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4w_216\" style=\"left:593px;bottom:690px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">InterContinental Hotels of San Francisco, Inc. (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tz_216\" style=\"left:65px;bottom:676px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Dunwoody Operations, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2y_216\" style=\"left:329px;bottom:676px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">IHG Hotels Management (Australia) Pty </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4x_216\" style=\"left:593px;bottom:676px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Intercontinental IOHC (Mauritius) Limited (bg) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t10_216\" style=\"left:65px;bottom:663px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Edinburgh George Street Hotel OpCo Limited (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2z_216\" style=\"left:338px;bottom:663px;letter-spacing:-0.29px;word-spacing:-0.05px;display:inline;\">Limited (b) (aa) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4y_216\" style=\"left:593px;bottom:663px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">InterContinental Management AM, LLC (cm) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t11_216\" style=\"left:65px;bottom:650px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">EVEN Real Estate Holding LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t30_216\" style=\"left:329px;bottom:650px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">IHG Hotels Nigeria Limited (ao) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4z_216\" style=\"left:593px;bottom:650px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">InterContinental Management Bulgaria EOOD (bp) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t12_216\" style=\"left:65px;bottom:636px;letter-spacing:-0.22px;word-spacing:-0.3px;display:inline;\">General Innkeeping Acceptance Corporation (b) (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t31_216\" style=\"left:329px;bottom:636px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">IHG Hotels South Africa (Pty) Limited (ap) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t50_216\" style=\"left:593px;bottom:636px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">InterContinental Management France SAS (x) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t13_216\" style=\"left:65px;bottom:623px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Grand Central Glasgow Hotel OpCo Limited (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t32_216\" style=\"left:329px;bottom:623px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">IHG International Partnership (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t51_216\" style=\"left:593px;bottom:623px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">InterContinental Management Poland sp. Z.o.o (cn) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t14_216\" style=\"left:65px;bottom:610px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Guangzhou SC Hotels Services Ltd. (t) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t33_216\" style=\"left:329px;bottom:610px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">IHG Istanbul Otel Y\u00f6netim Limited Sirketi (bx) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t52_216\" style=\"left:593px;bottom:610px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">InterContinental Overseas Holdings, LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t15_216\" style=\"left:65px;bottom:596px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Hawthorne Land Holdings LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t34_216\" style=\"left:329px;bottom:596px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">IHG Japan (Management), LLC (ar) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_216\" id=\"t53_216\" style=\"left:593px;bottom:596px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">KG Benefits, LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t16_216\" style=\"left:65px;bottom:583px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">HC International Holdings, Inc. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t35_216\" style=\"left:329px;bottom:583px;letter-spacing:-0.28px;word-spacing:-0.08px;display:inline;\">IHG Japan (Osaka), LLC (ar) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t54_216\" style=\"left:593px;bottom:583px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">KG Gift Card Inc. (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t17_216\" style=\"left:65px;bottom:569px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">HH France Holdings SAS (x) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t36_216\" style=\"left:329px;bottom:569px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">IHG Management (Maryland), LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t55_216\" style=\"left:593px;bottom:569px;letter-spacing:-0.25px;word-spacing:-0.09px;display:inline;\">KG Liability LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t18_216\" style=\"left:65px;bottom:556px;letter-spacing:-0.29px;word-spacing:-0.07px;display:inline;\">HH Hotels (EMEA) B.V. (p) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t37_216\" style=\"left:329px;bottom:556px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">IHG Management (Netherlands) B.V. (p) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t56_216\" style=\"left:593px;bottom:556px;letter-spacing:-0.32px;word-spacing:-0.04px;display:inline;\">KG Technology, LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t19_216\" style=\"left:65px;bottom:543px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">HH Hotels (Romania) SRL (y) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t38_216\" style=\"left:329px;bottom:543px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">IHG Management d.o.o. Beograd (cc) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t57_216\" style=\"left:593px;bottom:543px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">KHRG 851 LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1a_216\" style=\"left:65px;bottom:529px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">HIM (Aruba) NV (z) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t39_216\" style=\"left:329px;bottom:529px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">IHG Management MD Barclay Sub, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t58_216\" style=\"left:593px;bottom:529px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">KHRG Aertson LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1b_216\" style=\"left:65px;bottom:516px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Hoft Properties LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3a_216\" style=\"left:329px;bottom:516px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">IHG Management SL d.o.o. (bo) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t59_216\" style=\"left:593px;bottom:516px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">KHRG Allegro, LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1c_216\" style=\"left:65px;bottom:503px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Holiday Hospitality Franchising, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3b_216\" style=\"left:329px;bottom:503px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">IHG Mexico Operaciones SA de CV (ab) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5a_216\" style=\"left:593px;bottom:503px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">KHRG Argyle, LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1d_216\" style=\"left:65px;bottom:489px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Holiday Inn Mexicana S.A. (ab) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3c_216\" style=\"left:329px;bottom:489px;letter-spacing:-0.43px;word-spacing:-0.15px;display:inline;\">IHG Middle East Management Consultancies LLC (br) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5b_216\" style=\"left:593px;bottom:489px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">KHRG Atlanta Midtown LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1e_216\" style=\"left:65px;bottom:476px;letter-spacing:-0.27px;word-spacing:-0.08px;display:inline;\">Holiday Inns (China) Limited (ac) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3d_216\" style=\"left:329px;bottom:476px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">IHG Peru SRL (cf) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5c_216\" style=\"left:593px;bottom:476px;letter-spacing:-0.27px;word-spacing:-0.1px;display:inline;\">KHRG Austin Beverage Company, LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1f_216\" style=\"left:65px;bottom:463px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Holiday Inns (Courtalin) Holding SAS (x) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3e_216\" style=\"left:329px;bottom:463px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">IHG PS Nominees Limited (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5d_216\" style=\"left:593px;bottom:463px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">KHRG Baltimore, LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1g_216\" style=\"left:65px;bottom:449px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Holiday Inns (Courtalin) SAS (x) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3f_216\" style=\"left:329px;bottom:449px;letter-spacing:-0.29px;word-spacing:-0.08px;display:inline;\">IHG Sermex SA de CV (ab) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5e_216\" style=\"left:593px;bottom:449px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">KHRG Born LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1h_216\" style=\"left:65px;bottom:436px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">Holiday Inns (Germany), LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3g_216\" style=\"left:329px;bottom:436px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">IHG Systems Pty Ltd. (b) (aa) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5f_216\" style=\"left:593px;bottom:436px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">KHRG Boston Hotel, LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1i_216\" style=\"left:65px;bottom:422px;letter-spacing:-0.23px;word-spacing:-0.11px;display:inline;\">Holiday Inns (Jamaica), Inc. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3h_216\" style=\"left:329px;bottom:422px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">IHG Szalloda Budapest Szolgaltato Kft. (at) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5g_216\" style=\"left:593px;bottom:422px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">KHRG Bozeman LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1j_216\" style=\"left:65px;bottom:409px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Holiday Inns (Middle East) Limited (ac) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3i_216\" style=\"left:329px;bottom:409px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">IHG Technology Solutions, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5h_216\" style=\"left:593px;bottom:409px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">KHRG Buckhead LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1k_216\" style=\"left:65px;bottom:396px;letter-spacing:-0.23px;word-spacing:-0.11px;display:inline;\">Holiday Inns (Philippines), Inc. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3j_216\" style=\"left:329px;bottom:396px;letter-spacing:-0.39px;word-spacing:-0.13px;display:inline;\">InterContinental Berlin Service Company GmbH (au) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5i_216\" style=\"left:593px;bottom:396px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">KHRG Canary LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1l_216\" style=\"left:65px;bottom:382px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Holiday Inns (Saudi Arabia), Inc. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3k_216\" style=\"left:329px;bottom:382px;letter-spacing:-0.25px;word-spacing:-0.09px;display:inline;\">InterContinental (PB) 1 (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5j_216\" style=\"left:593px;bottom:382px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">KHRG Cayman LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1m_216\" style=\"left:65px;bottom:369px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Holiday Inns (Thailand) Limited (ac) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3l_216\" style=\"left:329px;bottom:369px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">InterContinental (PB) 3 Limited (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5k_216\" style=\"left:593px;bottom:369px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">KHRG Cayman Employer Ltd. (cl) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1n_216\" style=\"left:65px;bottom:356px;letter-spacing:-0.23px;word-spacing:-0.11px;display:inline;\">Holiday Inns (U.K.), Inc. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3m_216\" style=\"left:329px;bottom:356px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Intercontinental D.C. Operating Corp. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5l_216\" style=\"left:593px;bottom:356px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">KHRG Charlottesville LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1o_216\" style=\"left:65px;bottom:342px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Holiday Inns Crowne Plaza (Hong Kong), Inc. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3n_216\" style=\"left:329px;bottom:342px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Inter-Continental Florida Partner Corp. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5m_216\" style=\"left:593px;bottom:342px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">KHRG Dallas LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1p_216\" style=\"left:65px;bottom:329px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Holiday Inns Holdings (Australia) Pty Limited (aa) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3o_216\" style=\"left:329px;bottom:329px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">InterContinental Gestion Hotelera SLU (by) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5n_216\" style=\"left:593px;bottom:329px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">KHRG Dallas Beverage Company, LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1q_216\" style=\"left:65px;bottom:315px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Holiday Inns, Inc. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3p_216\" style=\"left:329px;bottom:315px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Intercontinental Hospitality Corporation (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5o_216\" style=\"left:593px;bottom:315px;letter-spacing:-0.29px;word-spacing:-0.08px;display:inline;\">KHRG Employer, LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1r_216\" style=\"left:65px;bottom:302px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Holiday Inns Investment (Nepal) Limited (ac) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3q_216\" style=\"left:329px;bottom:302px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">InterContinental Hotel Berlin GmbH (au) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_216\" id=\"t5p_216\" style=\"left:593px;bottom:302px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">SS Aetna Acquisition, LLC fka KHRG Goleta, LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1s_216\" style=\"left:65px;bottom:289px;letter-spacing:-0.28px;word-spacing:-0.07px;display:inline;\">Holiday Inns of Belgium N.V. (ad) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3r_216\" style=\"left:329px;bottom:289px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Inter-Continental Hoteleira Limitada (aw) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5q_216\" style=\"left:593px;bottom:289px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">KHRG Gray LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_216\" id=\"t1t_216\" style=\"left:65px;bottom:275px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Holiday Pacific Equity Corporation (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3s_216\" style=\"left:329px;bottom:275px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Inter-Continental Hotels (Montreal) Operating </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5r_216\" style=\"left:593px;bottom:275px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">KHRG Gray U2 LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_216\" id=\"t1u_216\" style=\"left:65px;bottom:262px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Holiday Pacific Limited Liability Company (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3t_216\" style=\"left:338px;bottom:262px;letter-spacing:-0.27px;word-spacing:-0.08px;display:inline;\">Corp. (ax) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5s_216\" style=\"left:593px;bottom:262px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">KHRG Huntington Beach LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_216\" id=\"t1v_216\" style=\"left:65px;bottom:249px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Holiday Pacific Partners Limited Partnership (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3u_216\" style=\"left:329px;bottom:249px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Inter-Continental Hotels (Montreal) Owning </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5t_216\" style=\"left:593px;bottom:249px;letter-spacing:-0.28px;word-spacing:-0.09px;display:inline;\">KHRG Key West LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1w_216\" style=\"left:65px;bottom:235px;letter-spacing:-0.4px;word-spacing:-0.11px;display:inline;\">Hotel InterContinental London (Holdings) Limited (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3v_216\" style=\"left:338px;bottom:235px;letter-spacing:-0.27px;word-spacing:-0.08px;display:inline;\">Corp. (ax) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5u_216\" style=\"left:593px;bottom:235px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">KHRG King Street, LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1x_216\" style=\"left:65px;bottom:222px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Hotel Inter-Continental London Limited (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3w_216\" style=\"left:329px;bottom:222px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">InterContinental Hotels (Puerto Rico) Inc. (az) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5v_216\" style=\"left:593px;bottom:222px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">KHRG La Peer LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1y_216\" style=\"left:65px;bottom:209px;letter-spacing:-0.28px;word-spacing:-0.08px;display:inline;\">Hoteles Y Turismo HIH SRL (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3x_216\" style=\"left:329px;bottom:209px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Inter-Continental Hotels Corporation (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5w_216\" style=\"left:593px;bottom:209px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">KHRG Miami Beach LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1z_216\" style=\"left:65px;bottom:195px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">IC Hotelbetriebsf\u00fchrungs GmbH (ae) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3y_216\" style=\"left:329px;bottom:195px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Intercontinental Hotels Corporation de Venezuela </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5x_216\" style=\"left:593px;bottom:195px;letter-spacing:-0.24px;word-spacing:-0.14px;display:inline;\">KHRG Muse LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t20_216\" style=\"left:65px;bottom:182px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">IC Hotels Management (Portugal) Unipessoal, </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3z_216\" style=\"left:338px;bottom:182px;letter-spacing:-0.17px;word-spacing:-0.18px;display:inline;\">C.A. (ba) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5y_216\" style=\"left:593px;bottom:182px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">KHRG New Orleans LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t21_216\" style=\"left:74px;bottom:168px;letter-spacing:-0.22px;word-spacing:-0.12px;display:inline;\">Lda (af) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t40_216\" style=\"left:329px;bottom:168px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Intercontinental Hotels Corporation Limited (b) (m) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5z_216\" style=\"left:593px;bottom:168px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">KHRG NPC LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t22_216\" style=\"left:65px;bottom:155px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">IC International Hotels Limited Liability </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_216\" id=\"t41_216\" style=\"left:329px;bottom:155px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">InterContinental Hotels Group (Asia Pacific) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t60_216\" style=\"left:593px;bottom:155px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">KHRG Palladian LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t23_216\" style=\"left:74px;bottom:142px;letter-spacing:-0.29px;word-spacing:-0.09px;display:inline;\">Company (ag) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t42_216\" style=\"left:338px;bottom:142px;letter-spacing:-0.27px;word-spacing:-0.07px;display:inline;\">Pte Ltd. (ai) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t61_216\" style=\"left:593px;bottom:142px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">KHRG Palomar Phoenix LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t24_216\" style=\"left:65px;bottom:128px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">IHC Arabia for Management, LLC (u) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t43_216\" style=\"left:329px;bottom:128px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">InterContinental Hotels Group (Australia) Pty </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t62_216\" style=\"left:593px;bottom:128px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">KHRG Philly Monaco LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t25_216\" style=\"left:65px;bottom:115px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">IHC Buckhead, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t44_216\" style=\"left:338px;bottom:115px;letter-spacing:-0.29px;word-spacing:-0.06px;display:inline;\">Limited (aa) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t63_216\" style=\"left:593px;bottom:115px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">KHRG Pittsburgh LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t26_216\" style=\"left:65px;bottom:102px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">IHC Hopkins (Holdings) Corp. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t45_216\" style=\"left:329px;bottom:102px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">InterContinental Hotels Group (Canada), Inc. (o) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t64_216\" style=\"left:593px;bottom:102px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">KHRG Porsche Drive LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t27_216\" style=\"left:65px;bottom:88px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">IHC Hotel Limited (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t46_216\" style=\"left:329px;bottom:88px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">InterContinental Hotels Group (Espa\u00f1a) SAU (by) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t65_216\" style=\"left:593px;bottom:88px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">KHRG Reynolds LLC (k) </div></td></tr>\n                                        </table><div class=\"t s6_216\" id=\"t66_216\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t sa_216\" id=\"t67_216\" style=\"left:65px;bottom:31px;letter-spacing:-0.01px;display:inline;\"></div><div></div><table>\n                                            <tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3_217\" style=\"left:65px;bottom:1100px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">KHRG Riverplace LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t28_217\" style=\"left:329px;bottom:1100px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Sustainable Luxury UK Limited (n) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4_217\" style=\"left:65px;bottom:1087px;letter-spacing:-0.25px;word-spacing:-0.13px;display:inline;\">KHRG Sacramento LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t29_217\" style=\"left:329px;bottom:1087px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">The Grand Central Hotel Glasgow Limited (ct) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t5_217\" style=\"left:65px;bottom:1074px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">KHRG Schofield LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2a_217\" style=\"left:329px;bottom:1074px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">The Met Hotel Leeds Limited (ct) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t6_217\" style=\"left:65px;bottom:1060px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">KHRG SFD LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2b_217\" style=\"left:329px;bottom:1060px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">The Principal Edinburgh George Street Limited (ct) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t7_217\" style=\"left:65px;bottom:1047px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">KHRG SF Wharf LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2c_217\" style=\"left:329px;bottom:1047px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">The Principal London Limited (ct) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t8_217\" style=\"left:65px;bottom:1034px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">KHRG SF Wharf U2 LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2d_217\" style=\"left:329px;bottom:1034px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">The Principal Manchester Limited (ct) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t9_217\" style=\"left:65px;bottom:1020px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">KHRG South Beach LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2e_217\" style=\"left:329px;bottom:1020px;letter-spacing:-0.27px;word-spacing:-0.08px;display:inline;\">The Principal York Limited (ct) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"ta_217\" style=\"left:65px;bottom:1007px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">KHRG State Street LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2f_217\" style=\"left:329px;bottom:1007px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">The Roxburghe Hotel Edinburgh Limited (s) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tb_217\" style=\"left:65px;bottom:993px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">KHRG Sutter LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2g_217\" style=\"left:329px;bottom:993px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">White Shield Company Limited (bk) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tc_217\" style=\"left:65px;bottom:980px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">KHRG Sutter Union LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2h_217\" style=\"left:329px;bottom:980px;letter-spacing:-0.3px;word-spacing:-0.11px;display:inline;\">World Trade Centre Montreal Hotel Corporation (bl) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"td_217\" style=\"left:65px;bottom:967px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">KHRG Taconic LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2i_217\" style=\"left:329px;bottom:967px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">Wotton House Hotel OpCo Limited (n) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"te_217\" style=\"left:65px;bottom:953px;letter-spacing:-0.28px;word-spacing:-0.08px;display:inline;\">KHRG Tari\ufb00 LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2j_217\" style=\"left:329px;bottom:953px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">WY BLL Owner, LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tf_217\" style=\"left:65px;bottom:940px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">KHRG Texas Hospitality, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2k_217\" style=\"left:329px;bottom:940px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">York Station Road Hotel OpCo Limited (n) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tg_217\" style=\"left:65px;bottom:927px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">KHRG Texas Operations, LLC (k) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"th_217\" style=\"left:65px;bottom:913px;letter-spacing:-0.28px;word-spacing:-0.08px;display:inline;\">KHRG Tryon LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_217\" id=\"t2l_217\" style=\"left:329px;bottom:912px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">Subsidiaries where the e\ufb00ective interest </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"ti_217\" style=\"left:65px;bottom:900px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">KHRG Vero Beach, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_217\" id=\"t2m_217\" style=\"left:329px;bottom:897px;letter-spacing:0.02px;word-spacing:-0.16px;display:inline;\">is less than 100% </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tj_217\" style=\"left:65px;bottom:886px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">KHRG Vintage Park LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2n_217\" style=\"left:329px;bottom:884px;letter-spacing:-0.27px;word-spacing:-0.1px;display:inline;\">IHG ANA Hotels Group Japan LLC (74.66%) (ar) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tk_217\" style=\"left:65px;bottom:873px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">KHRG VZ Austin LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2o_217\" style=\"left:329px;bottom:871px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">IHG ANA Hotels Holdings Co., Ltd. (66%) (ar) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tl_217\" style=\"left:65px;bottom:860px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">KHRG Wabash LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2p_217\" style=\"left:329px;bottom:857px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Regent Hospitality Worldwide, Inc. (51%) (bt) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tm_217\" style=\"left:65px;bottom:846px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">KHRG Westwood, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2q_217\" style=\"left:329px;bottom:844px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Sustainable Luxury Holding (Thailand) Limited </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tn_217\" style=\"left:65px;bottom:833px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">KHRG Wilshire LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2r_217\" style=\"left:338px;bottom:831px;letter-spacing:-0.29px;word-spacing:-0.04px;display:inline;\">(49%) (c) (j) (aj) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"to_217\" style=\"left:65px;bottom:820px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Kimpton Hollywood Licenses LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2s_217\" style=\"left:329px;bottom:817px;letter-spacing:-0.2px;word-spacing:-0.15px;display:inline;\">Sustainable Luxury Hospitality (Thailand) Limited </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tp_217\" style=\"left:65px;bottom:806px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Kimpton Hotel &amp; Restaurant Group, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2t_217\" style=\"left:338px;bottom:804px;letter-spacing:-0.23px;word-spacing:-0.09px;display:inline;\">(73.99%) (c) (j) (aj) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"tq_217\" style=\"left:65px;bottom:793px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Kimpton Hotel Frankfurt GmbH (bf) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2u_217\" style=\"left:329px;bottom:791px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">Sustainable Luxury Management (Thailand) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tr_217\" style=\"left:65px;bottom:780px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Kimpton Phoenix Licenses Holdings LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2v_217\" style=\"left:338px;bottom:777px;letter-spacing:-0.24px;word-spacing:-0.1px;display:inline;\">Limited (73.99%) (c) (j) (aj) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"ts_217\" style=\"left:65px;bottom:766px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Louisiana Acquisitions Corp. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2w_217\" style=\"left:329px;bottom:764px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Sustainable Luxury Operations (Thailand) Limited </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tt_217\" style=\"left:65px;bottom:753px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Luxury Resorts and Spas (France) SAS (ck) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2x_217\" style=\"left:338px;bottom:751px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">(99.9998%) (j) (aj) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"tu_217\" style=\"left:65px;bottom:739px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Manchester Oxford Street Hotel OpCo Limited (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2y_217\" style=\"left:329px;bottom:737px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Universal de Hoteles SA (99.99%) (j) (bj) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tv_217\" style=\"left:65px;bottom:726px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Mercer Fairview Holdings LLC (k) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tw_217\" style=\"left:65px;bottom:713px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Met Leeds Hotel OpCo Limited (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_217\" id=\"t2z_217\" style=\"left:329px;bottom:709px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">Associates, joint ventures and other </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tx_217\" style=\"left:65px;bottom:699px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">MH Lodging LLC (k) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t30_217\" style=\"left:329px;bottom:697px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">111 East 48th Street Holdings LLC (19.9%) (g) (h) (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"ty_217\" style=\"left:65px;bottom:686px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Oxford Spires Hotel OpCo Limited (n) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t31_217\" style=\"left:329px;bottom:683px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Alkoer, Sociedad de Responsabilidad Limitada de </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"tz_217\" style=\"left:65px;bottom:673px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">Oxford Thames Hotel OpCo Limited (n) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t32_217\" style=\"left:338px;bottom:670px;letter-spacing:-0.27px;word-spacing:-0.08px;display:inline;\">Capital Variable (50%) (h) (cg) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t10_217\" style=\"left:65px;bottom:659px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">PML Services LLC (k) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t33_217\" style=\"left:329px;bottom:657px;letter-spacing:-0.33px;word-spacing:-0.04px;display:inline;\">ASR-JV One, LLC</div><div class=\"t s3_217\" id=\"t34_217\" style=\"left:412px;bottom:657px;letter-spacing:-0.29px;word-spacing:-0.04px;display:inline;\">- (0%) (d) (h) (l) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t11_217\" style=\"left:65px;bottom:646px;letter-spacing:-0.27px;word-spacing:-0.08px;display:inline;\">Pollstrong Limited (n) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"> <div class=\"t s2_217\" id=\"t35_217\" style=\"left:329px;bottom:643px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Beijing Orient Express Hotel Co., Ltd. (16.25%) (bm) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t12_217\" style=\"left:65px;bottom:632px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Powell Pine, Inc. (k) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t36_217\" style=\"left:329px;bottom:630px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Blue Blood (Tianjin) Equity Investment </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t13_217\" style=\"left:65px;bottom:619px;letter-spacing:-0.25px;word-spacing:-0.09px;display:inline;\">Priscilla Holiday of Texas, Inc. (k) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t37_217\" style=\"left:338px;bottom:616px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">Management Co., Limited (30.05%) (bn) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t14_217\" style=\"left:65px;bottom:606px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">PT Regent Indonesia (bh) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t38_217\" style=\"left:329px;bottom:603px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">Carr Clark SWW Subventure, LLC (26.67%) (g) (ca) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t15_217\" style=\"left:65px;bottom:592px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">PT SC Hotels &amp; Resorts Indonesia (bh) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t39_217\" style=\"left:329px;bottom:590px;letter-spacing:-0.29px;word-spacing:-0.06px;display:inline;\">Carr Waterfront Hotel, LLC (11.73%) (g) (h) (ca) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t16_217\" style=\"left:65px;bottom:579px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Raison d\u2019Etre Holdings (BVI) Limited (v) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3a_217\" style=\"left:329px;bottom:576px;letter-spacing:-0.28px;word-spacing:-0.08px;display:inline;\">China Hotel Investment Ltd. (30.05%) (i) (am) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t17_217\" style=\"left:65px;bottom:566px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Raison d\u2019Etre Spas, Sweden AB (av) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3b_217\" style=\"left:329px;bottom:563px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Desarrollo Alkoer Irapuato S. de R.L. de C.V. </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t18_217\" style=\"left:65px;bottom:552px;letter-spacing:-0.34px;word-spacing:-0.13px;display:inline;\">Regent Asia Pacific Hotel Management Limited (bw) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3c_217\" style=\"left:338px;bottom:550px;letter-spacing:-0.32px;word-spacing:-0.04px;display:inline;\">(50%) (cg) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t19_217\" style=\"left:65px;bottom:539px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Regent Asia Pacific Management Limited (cp) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3d_217\" style=\"left:329px;bottom:536px;letter-spacing:-0.24px;word-spacing:-0.1px;display:inline;\">Desarrollo Alkoer Saltillo S. de R.L. de C.V. </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1a_217\" style=\"left:65px;bottom:526px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Regent Berlin GmbH (cq) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3e_217\" style=\"left:338px;bottom:523px;letter-spacing:-0.32px;word-spacing:-0.04px;display:inline;\">(50%) (cg) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1b_217\" style=\"left:65px;bottom:512px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Regent International Hotels Ltd (bw) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3f_217\" style=\"left:329px;bottom:510px;letter-spacing:-0.26px;word-spacing:-0.08px;display:inline;\">Desarrollo Alkoer Silao S. de R.L. de C.V. (50%) (cg) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1c_217\" style=\"left:65px;bottom:499px;letter-spacing:-0.27px;word-spacing:-0.1px;display:inline;\">Roxburghe Hotel Edinburgh OpCo Limited (n) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3g_217\" style=\"left:329px;bottom:496px;letter-spacing:-0.28px;word-spacing:-0.07px;display:inline;\">EDG Alpharetta EH, LLC (0%) (d) (h) (r) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1d_217\" style=\"left:65px;bottom:485px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Russell London Hotel OpCo Limited (n) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3h_217\" style=\"left:329px;bottom:483px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Gestion Hotelera Gestel, C.A. (50%) (c) (h) (ba) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1e_217\" style=\"left:65px;bottom:472px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">SBS Maryland Beverage Company LLC (k) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3i_217\" style=\"left:329px;bottom:469px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Groups360, LLC (11.83%) (h) (l) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1f_217\" style=\"left:65px;bottom:459px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">SC Hotels International Services, Inc. (k) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t3j_217\" style=\"left:329px;bottom:456px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Inter-Continental Hotels Saudi Arabia Ltd. </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1g_217\" style=\"left:65px;bottom:445px;letter-spacing:-0.27px;word-spacing:-0.08px;display:inline;\">SC Leisure Group Limited (n) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3k_217\" style=\"left:338px;bottom:443px;letter-spacing:-0.3px;word-spacing:-0.05px;display:inline;\">(40%) (bs) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1h_217\" style=\"left:65px;bottom:432px;letter-spacing:-0.3px;word-spacing:-0.06px;display:inline;\">SC NAS 2 Limited (n) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3l_217\" style=\"left:329px;bottom:429px;letter-spacing:-0.26px;word-spacing:-0.08px;display:inline;\">NF III Seattle, LLC (25%) (g) (r) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1i_217\" style=\"left:65px;bottom:419px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">SC Quest Limited (n) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3m_217\" style=\"left:329px;bottom:416px;letter-spacing:-0.26px;word-spacing:-0.08px;display:inline;\">NF III Seattle Op Co, LLC (25%) (g) (r) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1j_217\" style=\"left:65px;bottom:405px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">SC Reservations (Philippines) Inc. (k) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3n_217\" style=\"left:329px;bottom:403px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Nuevas Fronteras S.A. (23.66%) (cd) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1k_217\" style=\"left:65px;bottom:392px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">SCH Insurance Company (bi) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3o_217\" style=\"left:329px;bottom:389px;letter-spacing:-0.28px;word-spacing:-0.08px;display:inline;\">President Hotel &amp; Tower Co Ltd. (30%) (bu) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t1l_217\" style=\"left:65px;bottom:379px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Semiramis for training of Hotel Personnel and </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3p_217\" style=\"left:329px;bottom:376px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Shanghai Yuhuan Industrial Development Co., Ltd. </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1m_217\" style=\"left:74px;bottom:365px;letter-spacing:-0.27px;word-spacing:-0.1px;display:inline;\">Hotel Management SAE (ch) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3q_217\" style=\"left:338px;bottom:362px;letter-spacing:-0.34px;word-spacing:0.01px;display:inline;\">(1%) (cj) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1n_217\" style=\"left:65px;bottom:352px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Six Continents Holdings Limited (n) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3r_217\" style=\"left:329px;bottom:349px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Sustainable Luxury Gravity Global Private Limited </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1o_217\" style=\"left:65px;bottom:338px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Six Continents Hotels Belize Limited (cb) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3s_217\" style=\"left:338px;bottom:336px;letter-spacing:-0.31px;word-spacing:-0.03px;display:inline;\">(51%) (h) (bz) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1p_217\" style=\"left:65px;bottom:325px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Six Continents Hotels de Colombia SA (bj) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3t_217\" style=\"left:329px;bottom:322px;letter-spacing:-0.27px;word-spacing:-0.08px;display:inline;\">SURF-Samui Pte. Ltd. (49%) (ay) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1q_217\" style=\"left:65px;bottom:312px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Six Continents Hotels International Limited (n) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3u_217\" style=\"left:329px;bottom:309px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Tianjin ICBCI IHG Equity Investment Fund </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1r_217\" style=\"left:65px;bottom:298px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Six Continents Hotels, Inc. (k) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3v_217\" style=\"left:338px;bottom:296px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Management Co., Limited (21.04%) (bv) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1s_217\" style=\"left:65px;bottom:285px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">Six Continents International Holdings B.V. (p) </div></td><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t1t_217\" style=\"left:65px;bottom:272px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Six Continents Investments Limited (f) (n) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1u_217\" style=\"left:65px;bottom:258px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">Six Continents Limited (n) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1v_217\" style=\"left:65px;bottom:245px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Six Continents Overseas Holdings Limited (n) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1w_217\" style=\"left:65px;bottom:231px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">SixCo North America, Inc (k) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1x_217\" style=\"left:65px;bottom:218px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">Six Senses Americas IP, LLC (k) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1y_217\" style=\"left:65px;bottom:205px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Six Senses North America Management, LLC (k) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1z_217\" style=\"left:65px;bottom:191px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">SLC Sustainable Luxury Cyprus Limited (cs) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t20_217\" style=\"left:65px;bottom:178px;letter-spacing:-0.22px;word-spacing:-0.16px;display:inline;\">SPHC Management Ltd. (bq) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t21_217\" style=\"left:65px;bottom:165px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">St. David\u2019s Cardi\ufb00 Hotel OpCo Limited (n) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t22_217\" style=\"left:65px;bottom:151px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Sustainable Luxury Holdings (BVI) Limited (v) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t23_217\" style=\"left:65px;bottom:138px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Sustainable Luxury Lanka Private Ltd (ci) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t24_217\" style=\"left:65px;bottom:125px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Sustainable Luxury Maldives Private Limited (w) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t25_217\" style=\"left:65px;bottom:111px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Sustainable Luxury Mauritius Limited (as) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t26_217\" style=\"left:65px;bottom:98px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Sustainable Luxury Services (BVI) Limited (v) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t27_217\" style=\"left:65px;bottom:84px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Sustainable Luxury Singapore Private Limited (ai) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr>\n                                        </table><table>\n                                            <tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_217\" id=\"t3w_217\" style=\"left:606px;bottom:1093px;letter-spacing:-0.28px;display:inline;\">Key </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3x_217\" style=\"left:606px;bottom:1081px;letter-spacing:-0.48px;display:inline;\">(a) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3y_217\" style=\"left:637px;bottom:1081px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Directly owned by InterContinental </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3z_217\" style=\"left:637px;bottom:1067px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">Hotels Group PLC </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t40_217\" style=\"left:606px;bottom:1054px;letter-spacing:-0.29px;display:inline;\">(b) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t41_217\" style=\"left:637px;bottom:1054px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Ordinary shares and preference shares </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t42_217\" style=\"left:606px;bottom:1040px;letter-spacing:-0.5px;display:inline;\">(c) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t43_217\" style=\"left:637px;bottom:1040px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Ordinary A and ordinary B shares </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t44_217\" style=\"left:606px;bottom:1027px;letter-spacing:-0.3px;display:inline;\">(d) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t45_217\" style=\"left:637px;bottom:1027px;letter-spacing:-0.24px;word-spacing:-0.14px;display:inline;\">12.5%/8% cumulative preference shares </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t46_217\" style=\"left:606px;bottom:1014px;letter-spacing:-0.47px;display:inline;\">(e) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t47_217\" style=\"left:637px;bottom:1014px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">\u00bc vote ordinary shares and </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t48_217\" style=\"left:637px;bottom:1000px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">ordinary shares </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t49_217\" style=\"left:606px;bottom:987px;letter-spacing:-0.11px;display:inline;\">(f) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4a_217\" style=\"left:637px;bottom:987px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Ordinary shares, 5% cumulative </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t4b_217\" style=\"left:637px;bottom:974px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">preference shares and 7% cumulative </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t4c_217\" style=\"left:637px;bottom:960px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">preference shares </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4d_217\" style=\"left:606px;bottom:947px;letter-spacing:-0.27px;display:inline;\">(g) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4e_217\" style=\"left:637px;bottom:947px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">The entities do not have share capital </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4f_217\" style=\"left:637px;bottom:934px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">and are governed by an operating </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4g_217\" style=\"left:637px;bottom:920px;letter-spacing:-0.23px;display:inline;\">agreement </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4h_217\" style=\"left:606px;bottom:907px;letter-spacing:-0.29px;display:inline;\">(h) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t4i_217\" style=\"left:637px;bottom:907px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Accounted for as associates and joint </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t4j_217\" style=\"left:637px;bottom:893px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">ventures due to IHG\u2019s decision-making </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4k_217\" style=\"left:637px;bottom:880px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">rights contained in the partnership </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4l_217\" style=\"left:637px;bottom:867px;letter-spacing:-0.23px;display:inline;\">agreement </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4m_217\" style=\"left:606px;bottom:853px;letter-spacing:-0.2px;display:inline;\">(i) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t4n_217\" style=\"left:637px;bottom:853px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Accounted for as an other </div> <div class=\"t s2_217\" id=\"t4o_217\" style=\"left:767px;bottom:853px;letter-spacing:-0.17px;display:inline;\">financial </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4p_217\" style=\"left:637px;bottom:840px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">asset due to IHG being unable to </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4q_217\" style=\"left:637px;bottom:827px;letter-spacing:-0.22px;word-spacing:-0.12px;display:inline;\">exercise significant influence over the </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4r_217\" style=\"left:637px;bottom:813px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">financial and operating policy </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t4s_217\" style=\"left:637px;bottom:800px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">decisions of the entity </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4t_217\" style=\"left:606px;bottom:786px;letter-spacing:0.06px;display:inline;\">(j) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4u_217\" style=\"left:637px;bottom:786px;letter-spacing:-0.23px;word-spacing:-0.11px;display:inline;\">Minority interest relates to one or more </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4v_217\" style=\"left:637px;bottom:773px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">individual shareholders who are </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4w_217\" style=\"left:637px;bottom:760px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">employed or were previously employed </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4x_217\" style=\"left:637px;bottom:746px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">by the entity </div></td></tr>\n                                        </table><div class=\"t s5_217\" id=\"t4y_217\" style=\"left:65px;bottom:31px;letter-spacing:-0.05px;word-spacing:-0.09px;display:inline;\"> </div><div class=\"t m0_217 s6_217\" id=\"t4z_217\" style=\"left:868.5px;bottom:1216.7px;letter-spacing:0.08px;word-spacing:-0.18px;display:inline;\"> </div><div class=\"t s5_217\" id=\"t50_217\" style=\"left:826px;bottom:31px;letter-spacing:0.1px;display:inline;\"></div><div></div><table>\n                                            <tr><td class=\"tcs-selection-enabled\" colspan=\"2\" rowspan=\"1\" style=\"text-align: left;\"><div class=\"t s2_218\" id=\"t3_218\" style=\"left:65px;bottom:1100px;letter-spacing:0.04px;word-spacing:-0.17px;display:inline;\">Registered addresses </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t33_218\" style=\"left:329px;bottom:1100px;letter-spacing:-0.38px;display:inline;\">(ar) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t34_218\" style=\"left:359px;bottom:1100px;letter-spacing:-0.31px;word-spacing:-0.04px;display:inline;\">20th Floor, Toranomon Kotoshira Tower, 2-8, </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t63_218\" style=\"left:593px;bottom:1100px;letter-spacing:-0.23px;display:inline;\">(bx) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t64_218\" style=\"left:624px;bottom:1100px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Maslak Mah. Eski B\u00fcy\u00fckdere Cad. Orjin </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4_218\" style=\"left:65px;bottom:1087px;letter-spacing:-0.13px;display:inline;\">(k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5_218\" style=\"left:95px;bottom:1087px;letter-spacing:-0.25px;word-spacing:-0.09px;display:inline;\">Three Ravinia Drive, Suite 100, Atlanta, GA </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_218\" id=\"t35_218\" style=\"left:359px;bottom:1087px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Toranomon 1-chom, Minato-ku, 105</div><div class=\"t s3_218\" id=\"t36_218\" style=\"left:533px;bottom:1087px;letter-spacing:-0.07px;display:inline;\">-0001, </div></td><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t65_218\" style=\"left:624px;bottom:1087px;letter-spacing:-0.23px;word-spacing:-0.11px;display:inline;\">Maslak \u0130\u015e, Merkezi Sitesi No: 27 IC KapiI No: 4 </div></td></tr><tr><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6_218\" style=\"left:95px;bottom:1074px;letter-spacing:-0.2px;word-spacing:-0.19px;display:inline;\">30346, USA </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t37_218\" style=\"left:359px;bottom:1074px;letter-spacing:-0.29px;word-spacing:-0.08px;display:inline;\">Tokyo, Japan </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t66_218\" style=\"left:624px;bottom:1074px;letter-spacing:-0.28px;word-spacing:-0.06px;display:inline;\">Sariyer/Istanbul, Turkey </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7_218\" style=\"left:65px;bottom:1060px;letter-spacing:-0.08px;display:inline;\">(l) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t8_218\" style=\"left:95px;bottom:1060px;letter-spacing:-0.24px;word-spacing:-0.1px;display:inline;\">251 Little Falls Drive, Suite 400, Wilmington, </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t38_218\" style=\"left:329px;bottom:1060px;letter-spacing:-0.36px;display:inline;\">(as) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t39_218\" style=\"left:359px;bottom:1060px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Venture Corporate Services (Mauritius) Ltd, </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t67_218\" style=\"left:593px;bottom:1060px;letter-spacing:-0.3px;display:inline;\">(by) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t68_218\" style=\"left:624px;bottom:1060px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Paseo de Recoletos 37 \u2013 41, 28004 Madrid, </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t9_218\" style=\"left:95px;bottom:1047px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">New Castle County, DE19808, USA </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3a_218\" style=\"left:359px;bottom:1047px;letter-spacing:-0.29px;word-spacing:-0.07px;display:inline;\">Level 3, Tower 1, Nexteracom Towers, </div></td><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t69_218\" style=\"left:624px;bottom:1047px;letter-spacing:-0.22px;display:inline;\">Spain </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"ta_218\" style=\"left:65px;bottom:1034px;letter-spacing:-0.51px;display:inline;\">(m) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"tb_218\" style=\"left:95px;bottom:1034px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Clarendon House, 2 Church Street, Hamilton </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3b_218\" style=\"left:359px;bottom:1034px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Cybercity, Ebene, Mauritius </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6a_218\" style=\"left:593px;bottom:1034px;letter-spacing:-0.23px;display:inline;\">(bz) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6b_218\" style=\"left:624px;bottom:1034px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">B-11515 Bhikaj Cama Place, New Delhi, </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"tc_218\" style=\"left:95px;bottom:1020px;letter-spacing:-0.23px;word-spacing:-0.15px;display:inline;\">HM11, Bermuda </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3c_218\" style=\"left:329px;bottom:1020px;letter-spacing:-0.33px;display:inline;\">(at) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3d_218\" style=\"left:359px;bottom:1020px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">1052 Budapest, Ap\u00e1czai Csere J\u00e1nus u. 12 </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6c_218\" style=\"left:624px;bottom:1020px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">South Delhi, 110066 India </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"td_218\" style=\"left:65px;bottom:1007px;letter-spacing:-0.49px;display:inline;\">(n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"te_218\" style=\"left:95px;bottom:1007px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">1 Windsor Dials, Arthur Road, Windsor, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3e_218\" style=\"left:359px;bottom:1007px;letter-spacing:-0.21px;word-spacing:-0.16px;display:inline;\">\u201314A, Hungary </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6d_218\" style=\"left:593px;bottom:1007px;letter-spacing:-0.36px;display:inline;\">(ca) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6e_218\" style=\"left:624px;bottom:1007px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Carr Hospitality, LLC, 1455 Pennsylvania </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"tf_218\" style=\"left:95px;bottom:993px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Berkshire, SL4 1RS, UK </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3f_218\" style=\"left:329px;bottom:993px;letter-spacing:-0.4px;display:inline;\">(au) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3g_218\" style=\"left:359px;bottom:993px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Budapester Str. 2, 10787 Berlin, Germany </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6f_218\" style=\"left:624px;bottom:993px;letter-spacing:-0.28px;word-spacing:-0.09px;display:inline;\">Avenue, NW, Suite 200, Washington, DC </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"tg_218\" style=\"left:65px;bottom:980px;letter-spacing:-0.52px;display:inline;\">(o) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"th_218\" style=\"left:95px;bottom:980px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">333 Bay Street, Suite 400, Toronto M5H 2R2, </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3h_218\" style=\"left:329px;bottom:980px;letter-spacing:-0.43px;display:inline;\">(av) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3i_218\" style=\"left:359px;bottom:980px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Grevgatan 13, 11453 Stockholm, Sweden </div></td><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6g_218\" style=\"left:624px;bottom:980px;letter-spacing:-0.2px;word-spacing:-0.19px;display:inline;\">20004, USA </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"ti_218\" style=\"left:95px;bottom:967px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Ontario, Canada </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3j_218\" style=\"left:329px;bottom:967px;letter-spacing:-0.43px;display:inline;\">(aw) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3k_218\" style=\"left:359px;bottom:967px;letter-spacing:-0.19px;word-spacing:-0.17px;display:inline;\">Alameda Jau 536, Suite 3S-E, 01420-000 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6h_218\" style=\"left:593px;bottom:967px;letter-spacing:-0.4px;display:inline;\">(cb) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6i_218\" style=\"left:624px;bottom:967px;letter-spacing:-0.2px;word-spacing:-0.14px;display:inline;\">84 Albert Street, Belize City, Belize, C.A. </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"tj_218\" style=\"left:65px;bottom:953px;letter-spacing:-0.29px;display:inline;\">(p) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"tk_218\" style=\"left:95px;bottom:953px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Kingsfordweg 151, 1043 GR Amsterdam, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3l_218\" style=\"left:359px;bottom:953px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">S\u00e3o Paulo, Brazil </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6j_218\" style=\"left:593px;bottom:953px;letter-spacing:-0.37px;display:inline;\">(cc) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_218\" id=\"t6k_218\" style=\"left:624px;bottom:953px;letter-spacing:-0.25px;word-spacing:-0.09px;display:inline;\">Krunska 73, 3rd floor, o\ufb00ice no.3, Vra\u010dar, </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"tl_218\" style=\"left:95px;bottom:940px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">The Netherlands </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3m_218\" style=\"left:329px;bottom:940px;letter-spacing:-0.3px;display:inline;\">(ax) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_218\" id=\"t3n_218\" style=\"left:359px;bottom:940px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">1980 P\u00e9rodeau Street, Vaudreuil-Dorion, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6l_218\" style=\"left:624px;bottom:940px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">11000 Belgrade, Serbia </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"tm_218\" style=\"left:65px;bottom:927px;letter-spacing:-0.29px;display:inline;\">(q) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"tn_218\" style=\"left:95px;bottom:927px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Room No. 23, Floor 16, Saigon Tower </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3o_218\" style=\"left:359px;bottom:927px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">J7V 8P7, Quebec, Canada </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6m_218\" style=\"left:593px;bottom:927px;letter-spacing:-0.25px;display:inline;\">(cd) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6n_218\" style=\"left:624px;bottom:927px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Moreno 809 2 Piso, C1091AAQ Buenos Aires, </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"to_218\" style=\"left:95px;bottom:913px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Building, 29 Le Duan Street, Ben Nghe Ward, </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3p_218\" style=\"left:329px;bottom:913px;letter-spacing:-0.43px;display:inline;\">(ay) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3q_218\" style=\"left:359px;bottom:913px;letter-spacing:-0.19px;word-spacing:-0.16px;display:inline;\">168 Robinson Road, #16-01 SIF Building, </div></td><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6o_218\" style=\"left:624px;bottom:913px;letter-spacing:-0.25px;display:inline;\">Argentina </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"tp_218\" style=\"left:95px;bottom:900px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">District 1, Ho Chi Minh City, Vietnam </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3r_218\" style=\"left:359px;bottom:900px;letter-spacing:-0.2px;word-spacing:-0.18px;display:inline;\">068899, Singapore </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6p_218\" style=\"left:593px;bottom:900px;letter-spacing:-0.36px;display:inline;\">(ce) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6q_218\" style=\"left:624px;bottom:900px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Bulevar Svetog Petra Cetinjskog 149 \u2013 81000 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"tq_218\" style=\"left:65px;bottom:886px;letter-spacing:-0.48px;display:inline;\">(r) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"tr_218\" style=\"left:95px;bottom:886px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">The Corporation Trust Centre, 1209 Orange </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3s_218\" style=\"left:329px;bottom:886px;letter-spacing:-0.29px;display:inline;\">(az) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3t_218\" style=\"left:359px;bottom:886px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">361 San Francisco Street Penthouse, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6r_218\" style=\"left:624px;bottom:886px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Podgorica, Montenegro </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"ts_218\" style=\"left:95px;bottom:873px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Street, Wilmington, DE 19801, USA </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3u_218\" style=\"left:359px;bottom:873px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">San Juan, PR 00901, Puerto Rico </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6s_218\" style=\"left:593px;bottom:873px;letter-spacing:-0.16px;display:inline;\">(cf) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6t_218\" style=\"left:624px;bottom:873px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Bernard Monteagudo 201, 15076, Lima, Peru </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"tt_218\" style=\"left:65px;bottom:860px;letter-spacing:-0.47px;display:inline;\">(s) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"tu_218\" style=\"left:95px;bottom:860px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Atria One, 144 Morrison Street, Edinburgh, </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3v_218\" style=\"left:329px;bottom:860px;letter-spacing:-0.24px;display:inline;\">(ba) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_218\" id=\"t3w_218\" style=\"left:359px;bottom:860px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">Hotel Tamanaco Inter-Continental, Final Av. </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6u_218\" style=\"left:593px;bottom:860px;letter-spacing:-0.35px;display:inline;\">(cg) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6v_218\" style=\"left:624px;bottom:860px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Avenida Ejercito Nacional Mexicano No. 769, </div></td></tr><tr><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"tv_218\" style=\"left:95px;bottom:846px;letter-spacing:-0.17px;word-spacing:-0.2px;display:inline;\">EH3 8EX, UK </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3x_218\" style=\"left:359px;bottom:846px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Ppal, Mercedes, Caracas, Venezuela </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6w_218\" style=\"left:624px;bottom:846px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Torre B Piso 8, Granada, Miguel Hidalgo, </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"tw_218\" style=\"left:65px;bottom:833px;letter-spacing:-0.36px;display:inline;\">(t) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"tx_218\" style=\"left:95px;bottom:833px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Building 4, No 13 Xiao Gang Zhong Ma Road, </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3y_218\" style=\"left:329px;bottom:833px;letter-spacing:-0.25px;display:inline;\">(bb) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t3z_218\" style=\"left:359px;bottom:833px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">22/F Citigroup Tower, No. 33 Huayanshiqiao </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6x_218\" style=\"left:624px;bottom:833px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Ciudad de Mexico, CP 11520, Mexico </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"ty_218\" style=\"left:95px;bottom:820px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Zhuhai District, Guangzhou, Guangdong, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t40_218\" style=\"left:359px;bottom:820px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Road, Lujiazui, Pudong New Area, 200120, </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6y_218\" style=\"left:593px;bottom:820px;letter-spacing:-0.4px;display:inline;\">(ch) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t6z_218\" style=\"left:624px;bottom:820px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Ground Floor, Al Kamel Law Building, Plot </div></td></tr><tr><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"tz_218\" style=\"left:95px;bottom:806px;letter-spacing:-0.31px;word-spacing:-0.04px;display:inline;\">P.R. China </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t41_218\" style=\"left:359px;bottom:806px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">Shanghai, P.R. China </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_218\" id=\"t70_218\" style=\"left:624px;bottom:806px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">52-b, Banks Area, Six of October City, Egypt </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t10_218\" style=\"left:65px;bottom:793px;letter-spacing:-0.52px;display:inline;\">(u) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t11_218\" style=\"left:95px;bottom:793px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Level 6, Akaria Plaza, North Wing, Gate D, </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t42_218\" style=\"left:329px;bottom:793px;letter-spacing:-0.23px;display:inline;\">(bc) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t43_218\" style=\"left:359px;bottom:793px;letter-spacing:-0.19px;word-spacing:-0.17px;display:inline;\">Alameda Jau 536, Suite 3S-C, 01420-000 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t71_218\" style=\"left:593px;bottom:793px;letter-spacing:-0.3px;display:inline;\">(ci) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t72_218\" style=\"left:624px;bottom:793px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Shop No. L3-6, Amity Building, No. 125 High </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t12_218\" style=\"left:95px;bottom:780px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Olaya Street, PO Box 93228, Riyadh 1148, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t44_218\" style=\"left:359px;bottom:780px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">S\u00e3o Paulo, Brazil </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t73_218\" style=\"left:624px;bottom:780px;letter-spacing:-0.34px;word-spacing:-0.13px;display:inline;\">Level Road, Maharagama, Colombo, Sri Lanka </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t13_218\" style=\"left:95px;bottom:766px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Saudi Arabia </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t45_218\" style=\"left:329px;bottom:766px;letter-spacing:-0.1px;display:inline;\">(bd) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t46_218\" style=\"left:359px;bottom:766px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">Alameda Jau 536, Suite 3S-D, 01420-000 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t74_218\" style=\"left:593px;bottom:766px;letter-spacing:-0.46px;display:inline;\">(cj) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t75_218\" style=\"left:624px;bottom:766px;letter-spacing:-0.43px;word-spacing:-0.08px;display:inline;\">1st Floor, No. 68, Zhupan Road, Zhuqiao Town, </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t14_218\" style=\"left:65px;bottom:753px;letter-spacing:-0.44px;display:inline;\">(v) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t15_218\" style=\"left:95px;bottom:753px;letter-spacing:-0.3px;word-spacing:-0.06px;display:inline;\">Flemming House, Wickhams Cay, P.O. Box </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t47_218\" style=\"left:359px;bottom:753px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">S\u00e3o Paulo, Brazil </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t76_218\" style=\"left:624px;bottom:753px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Pudong New Area, Shanghai, P.R. China </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t16_218\" style=\"left:95px;bottom:739px;letter-spacing:-0.27px;word-spacing:-0.08px;display:inline;\">662, Road Town, Tortola VG1110, British </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t48_218\" style=\"left:329px;bottom:739px;letter-spacing:-0.22px;display:inline;\">(be) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t49_218\" style=\"left:359px;bottom:739px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Viale Monte Nero n.84, 20135 Milano, Italy </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t77_218\" style=\"left:593px;bottom:739px;letter-spacing:-0.3px;display:inline;\">(ck) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t78_218\" style=\"left:624px;bottom:739px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">95 Blvd. Berthier, 75017 Paris, France </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t17_218\" style=\"left:95px;bottom:726px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Virgin Islands </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4a_218\" style=\"left:329px;bottom:726px;letter-spacing:-0.03px;display:inline;\">(bf) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_218\" id=\"t4b_218\" style=\"left:359px;bottom:726px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Thurn-und-Taxis-Platz 6 \u2013 60313 Frankfurt </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t79_218\" style=\"left:593px;bottom:726px;letter-spacing:-0.26px;display:inline;\">(cl) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7a_218\" style=\"left:624px;bottom:726px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">PO Box 309, Ugland House, Grand Cayman, </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t18_218\" style=\"left:65px;bottom:713px;letter-spacing:-0.47px;display:inline;\">(w) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t19_218\" style=\"left:95px;bottom:713px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Premier Chambers, M. Lux Lodge, 1st Floor, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4c_218\" style=\"left:359px;bottom:713px;letter-spacing:-0.26px;word-spacing:-0.12px;display:inline;\">am Main, Germany </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7b_218\" style=\"left:624px;bottom:713px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">KY1-1104, Cayman Islands </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1a_218\" style=\"left:95px;bottom:699px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Orchid Magu, Male, Republic of Maldives </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4d_218\" style=\"left:329px;bottom:699px;letter-spacing:-0.19px;display:inline;\">(bg) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4e_218\" style=\"left:359px;bottom:699px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">Juris Tax Services Ltd. Level 12, NeX Teracom </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7c_218\" style=\"left:593px;bottom:699px;letter-spacing:-0.47px;display:inline;\">(cm) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7d_218\" style=\"left:624px;bottom:699px;letter-spacing:-0.34px;word-spacing:-0.14px;display:inline;\">23/6 D, Anhaght Str., Yerevan, 0069, Armenia </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1b_218\" style=\"left:65px;bottom:686px;letter-spacing:-0.23px;display:inline;\">(x) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1c_218\" style=\"left:95px;bottom:686px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">31-33 rue Mogador, 75009 Paris, France </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4f_218\" style=\"left:359px;bottom:686px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Tower II, Ebene, Mauritius </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7e_218\" style=\"left:593px;bottom:686px;letter-spacing:-0.4px;display:inline;\">(cn) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7f_218\" style=\"left:624px;bottom:686px;letter-spacing:-0.25px;word-spacing:-0.13px;display:inline;\">Generation Park Z \u2013 ul. Towarowa 28, 00-839 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1d_218\" style=\"left:65px;bottom:673px;letter-spacing:-0.41px;display:inline;\">(y) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1e_218\" style=\"left:95px;bottom:673px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Bucharest, 2nd District, 2 Gara Her\u0103str\u0103u </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4g_218\" style=\"left:329px;bottom:673px;letter-spacing:-0.25px;display:inline;\">(bh) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4h_218\" style=\"left:359px;bottom:673px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Menara Imperium 22nd Floor, Suite D, JI. HR. </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7g_218\" style=\"left:624px;bottom:673px;letter-spacing:-0.28px;word-spacing:-0.09px;display:inline;\">Warsaw, Poland </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_218\" id=\"t1f_218\" style=\"left:95px;bottom:659px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Street, 2nd floor, module 33, Romania </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_218\" id=\"t4i_218\" style=\"left:359px;bottom:659px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Rasuna Said Kav.1, Guntur Sub-district, </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7h_218\" style=\"left:593px;bottom:659px;letter-spacing:-0.38px;display:inline;\">(co) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7i_218\" style=\"left:624px;bottom:659px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Suite 1, Ground Floor, The Financial Services </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1g_218\" style=\"left:65px;bottom:646px;letter-spacing:-0.21px;display:inline;\">(z) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1h_218\" style=\"left:95px;bottom:646px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">J E Irausquin Boulevard 93, 1Eagle/ </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4j_218\" style=\"left:359px;bottom:646px;letter-spacing:-0.2px;word-spacing:-0.14px;display:inline;\">Setiabudi District, South Jakarta 12980, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7j_218\" style=\"left:624px;bottom:646px;letter-spacing:-0.2px;word-spacing:-0.14px;display:inline;\">Centre, Bishops Court Hill, St. Michael, </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1i_218\" style=\"left:95px;bottom:632px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Paardenbaai, Oranjestad West, Aruba </div></td><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4k_218\" style=\"left:359px;bottom:632px;letter-spacing:-0.18px;display:inline;\">Indonesia </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7k_218\" style=\"left:624px;bottom:632px;letter-spacing:-0.19px;word-spacing:-0.19px;display:inline;\">BB14004, Barbados </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1j_218\" style=\"left:65px;bottom:619px;letter-spacing:-0.37px;display:inline;\">(aa) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1k_218\" style=\"left:95px;bottom:619px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Level 11, 20 Bond Street, Sydney NSW 2000, </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4l_218\" style=\"left:329px;bottom:619px;letter-spacing:-0.16px;display:inline;\">(bi) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4m_218\" style=\"left:359px;bottom:619px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Primmer Piper Eggleston &amp; Cramer PC, 30 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7l_218\" style=\"left:593px;bottom:619px;letter-spacing:-0.4px;display:inline;\">(cp) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7m_218\" style=\"left:624px;bottom:619px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Brumby Centre, Lot 42, Jalan Muhibbah, </div></td></tr><tr><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1l_218\" style=\"left:95px;bottom:606px;letter-spacing:-0.23px;display:inline;\">Australia </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4n_218\" style=\"left:359px;bottom:606px;letter-spacing:-0.29px;word-spacing:-0.05px;display:inline;\">Main St., Suite 500, P.O. Box 1489, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7n_218\" style=\"left:624px;bottom:606px;letter-spacing:-0.32px;word-spacing:-0.04px;display:inline;\">87000 Labuan F.T., Malaysia </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1m_218\" style=\"left:65px;bottom:592px;letter-spacing:-0.39px;display:inline;\">(ab) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1n_218\" style=\"left:95px;bottom:592px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Ontario # 1050, Col. Providencia, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4o_218\" style=\"left:359px;bottom:592px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Burlington, VT 05402-1489, USA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7o_218\" style=\"left:593px;bottom:592px;letter-spacing:-0.25px;display:inline;\">(cq) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7p_218\" style=\"left:624px;bottom:592px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Charlottenstrasse 49, 10117 Berlin, Germany </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1o_218\" style=\"left:95px;bottom:579px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Guadalajara, Jalisco CP44630, Mexico </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4p_218\" style=\"left:329px;bottom:579px;letter-spacing:-0.15px;display:inline;\">(bj) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_218\" id=\"t4q_218\" style=\"left:359px;bottom:579px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">Calle 49, Sur 45 A 300, Oficina 1102, 055422 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7q_218\" style=\"left:593px;bottom:579px;letter-spacing:-0.39px;display:inline;\">(cr) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7r_218\" style=\"left:624px;bottom:579px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Blvd, Morazan, Centro Comercial El Dorado, </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1p_218\" style=\"left:65px;bottom:566px;letter-spacing:-0.37px;display:inline;\">(ac) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1q_218\" style=\"left:95px;bottom:566px;letter-spacing:-0.3px;word-spacing:-0.06px;display:inline;\">5/F, Manulife Place, 348 Kwung Tong Road, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4r_218\" style=\"left:359px;bottom:566px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Envigado, Antioquia, Colombia </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7s_218\" style=\"left:624px;bottom:566px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">6th Floor, Tegucigalpa, Honduras </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1r_218\" style=\"left:95px;bottom:552px;letter-spacing:-0.27px;word-spacing:-0.1px;display:inline;\">Kowloon, Hong Kong </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4s_218\" style=\"left:329px;bottom:552px;letter-spacing:-0.14px;display:inline;\">(bk) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4t_218\" style=\"left:359px;bottom:552px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">21 Engineer Lane, Gibraltar, GX11 1AA, </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7t_218\" style=\"left:593px;bottom:552px;letter-spacing:-0.36px;display:inline;\">(cs) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7u_218\" style=\"left:624px;bottom:552px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">ATS Services Limited, Capital Center, 9th </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1s_218\" style=\"left:65px;bottom:539px;letter-spacing:-0.24px;display:inline;\">(ad) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_218\" id=\"t1t_218\" style=\"left:95px;bottom:539px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Rond-Point Robert Schuman 11, 1040 </div></td><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4u_218\" style=\"left:359px;bottom:539px;letter-spacing:-0.2px;display:inline;\">Gibraltar </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7v_218\" style=\"left:624px;bottom:539px;letter-spacing:-0.4px;word-spacing:-0.1px;display:inline;\">Floor, 2-4 Arch, Makarios III Ave., 1065 Nicosia, </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1u_218\" style=\"left:95px;bottom:526px;letter-spacing:-0.19px;word-spacing:-0.17px;display:inline;\">Brussels, Belgium </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4v_218\" style=\"left:329px;bottom:526px;letter-spacing:-0.1px;display:inline;\">(bl) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4w_218\" style=\"left:359px;bottom:526px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Suite 2500, 1000 de La Gauchetiere St. </div></td><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7w_218\" style=\"left:624px;bottom:526px;letter-spacing:-0.19px;display:inline;\">Cyprus </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1v_218\" style=\"left:65px;bottom:512px;letter-spacing:-0.36px;display:inline;\">(ae) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1w_218\" style=\"left:95px;bottom:512px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">QBC 4 \u2013 Am Belvedere 4, 1100, Vienna, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4x_218\" style=\"left:359px;bottom:512px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">West, Montreal C H3B OA2, Canada </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7x_218\" style=\"left:593px;bottom:512px;letter-spacing:-0.32px;display:inline;\">(ct) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t7y_218\" style=\"left:624px;bottom:512px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">1 More London Place, London, SE1 2AF, UK </div></td></tr><tr><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1x_218\" style=\"left:95px;bottom:499px;letter-spacing:-0.24px;display:inline;\">Austria </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4y_218\" style=\"left:329px;bottom:499px;letter-spacing:-0.27px;display:inline;\">(bm) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t4z_218\" style=\"left:359px;bottom:499px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Room 311, Building 1, No. 6 East Wen Hua </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1y_218\" style=\"left:65px;bottom:485px;letter-spacing:-0.17px;display:inline;\">(af) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t1z_218\" style=\"left:95px;bottom:485px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Avenida da Republica, no 52 \u2013 9, 1069 \u2013 211, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t50_218\" style=\"left:359px;bottom:485px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">Yuan Road, Beijing Economy and </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t20_218\" style=\"left:95px;bottom:472px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">Lisbon, Portugal </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t51_218\" style=\"left:359px;bottom:472px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Technology Development Zone, Beijing, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t21_218\" style=\"left:65px;bottom:459px;letter-spacing:-0.34px;display:inline;\">(ag) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t22_218\" style=\"left:95px;bottom:459px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Room 60, Section 11 Floor 3 Premises I, </div></td><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t52_218\" style=\"left:359px;bottom:459px;letter-spacing:-0.31px;word-spacing:-0.04px;display:inline;\">P.R. China </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t23_218\" style=\"left:95px;bottom:445px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Building 1, House 125, Varshavskoye shosse </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t53_218\" style=\"left:329px;bottom:445px;letter-spacing:-0.25px;display:inline;\">(bn) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t54_218\" style=\"left:359px;bottom:445px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Room N306, 3rd Floor, Building 6, Binhai </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t24_218\" style=\"left:95px;bottom:432px;letter-spacing:-0.31px;word-spacing:-0.04px;display:inline;\">Str, Vn.Ter.G. Municipal District Severnoye </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t55_218\" style=\"left:359px;bottom:432px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Financial Street, No. 52 West Xincheng Road, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t25_218\" style=\"left:95px;bottom:419px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Chertanovo, Moscow City, 117587, Russia </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t56_218\" style=\"left:359px;bottom:419px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Tianjin Economy and Technology </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t26_218\" style=\"left:65px;bottom:405px;letter-spacing:-0.39px;display:inline;\">(ah) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t27_218\" style=\"left:95px;bottom:405px;letter-spacing:-0.22px;word-spacing:-0.12px;display:inline;\">No. 84, Pan Haliain Street, Unit #1, Level 8, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t57_218\" style=\"left:359px;bottom:405px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Development Zone, Tianjin, P.R. China </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t28_218\" style=\"left:95px;bottom:392px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Uniteam Marine O\ufb00ice Building, Sanchuang </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t58_218\" style=\"left:329px;bottom:392px;letter-spacing:-0.29px;display:inline;\">(bo) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t59_218\" style=\"left:359px;bottom:392px;letter-spacing:-0.27px;word-spacing:-0.14px;display:inline;\">Cesta v Mestni log 1, 1000 Ljubljana, Slovenia </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t29_218\" style=\"left:95px;bottom:379px;letter-spacing:-0.31px;word-spacing:-0.07px;display:inline;\">Township, Yangon, Myanmar </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5a_218\" style=\"left:329px;bottom:379px;letter-spacing:-0.46px;display:inline;\">(bp) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5b_218\" style=\"left:359px;bottom:379px;letter-spacing:-0.47px;word-spacing:-0.09px;display:inline;\">37A Professor Fridtjof Nansen Street, 5th Floor, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2a_218\" style=\"left:65px;bottom:365px;letter-spacing:-0.3px;display:inline;\">(ai) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2b_218\" style=\"left:95px;bottom:365px;letter-spacing:-0.2px;word-spacing:-0.15px;display:inline;\">230 Victoria Street, #13-00 Bugis Junction </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_218\" id=\"t5c_218\" style=\"left:359px;bottom:365px;letter-spacing:-0.21px;word-spacing:-0.13px;display:inline;\">District Sredets, Sofia, 1142, Bulgaria </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2c_218\" style=\"left:95px;bottom:352px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">Towers, 188024, Singapore </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5d_218\" style=\"left:329px;bottom:352px;letter-spacing:-0.1px;display:inline;\">(bq) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5e_218\" style=\"left:359px;bottom:352px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">C/o Holiday Inn &amp; Suites, Cnr Waigani Drive </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2d_218\" style=\"left:65px;bottom:338px;letter-spacing:-0.29px;display:inline;\">(aj) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2e_218\" style=\"left:98px;bottom:338px;letter-spacing:-0.28px;word-spacing:-0.07px;display:inline;\">57, 9th Floor, Park Ventures Ecoplex, Unit </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5f_218\" style=\"left:359px;bottom:338px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">&amp; Wards Road, Port Moresby, National </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2f_218\" style=\"left:95px;bottom:325px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">902-904, Wireless Road, Limpini, Pathum </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5g_218\" style=\"left:359px;bottom:325px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Capital District, Papua New Guinea </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2g_218\" style=\"left:95px;bottom:312px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Wan Bangkok 103330, Thailand </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5h_218\" style=\"left:329px;bottom:312px;letter-spacing:-0.24px;display:inline;\">(br) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5i_218\" style=\"left:359px;bottom:312px;letter-spacing:-0.27px;word-spacing:-0.08px;display:inline;\">Suite 2201, Festival Tower, Dubai Festival </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2h_218\" style=\"left:65px;bottom:298px;letter-spacing:-0.29px;display:inline;\">(ak) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2i_218\" style=\"left:95px;bottom:298px;letter-spacing:-0.19px;word-spacing:-0.17px;display:inline;\">Alameda Jau 536, Suite 3S-B, 01420-000 </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5j_218\" style=\"left:359px;bottom:298px;letter-spacing:-0.28px;word-spacing:-0.06px;display:inline;\">City, Al Rebbat St., P.O. Box 58191, Dubai, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2j_218\" style=\"left:95px;bottom:285px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">S\u00e3o Paulo, Brazil </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5k_218\" style=\"left:359px;bottom:285px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">United Arab Emirates </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2k_218\" style=\"left:65px;bottom:272px;letter-spacing:-0.25px;display:inline;\">(al) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_218\" id=\"t2l_218\" style=\"left:95px;bottom:272px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Avenida Cordoba 1547, piso 8, oficina A, </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5l_218\" style=\"left:329px;bottom:272px;letter-spacing:-0.23px;display:inline;\">(bs) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5m_218\" style=\"left:359px;bottom:272px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Madinah Road, Jeddah, P.O Box 9456, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2m_218\" style=\"left:95px;bottom:258px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">1055 Buenos Aires, Argentina </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5n_218\" style=\"left:359px;bottom:258px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Post Code 21413, Jeddah, Saudi Arabia </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2n_218\" style=\"left:65px;bottom:245px;letter-spacing:-0.41px;display:inline;\">(am) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2o_218\" style=\"left:95px;bottom:245px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">The Phoenix Centre, George Street, Belleville </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5o_218\" style=\"left:329px;bottom:245px;letter-spacing:-0.2px;display:inline;\">(bt) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5p_218\" style=\"left:359px;bottom:245px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Maples Corporate Services Ltd. \u2013 PO Box </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2p_218\" style=\"left:95px;bottom:231px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">St. Michael, Barbados </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5q_218\" style=\"left:359px;bottom:231px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">309, Ugland House, Grand Cayman \u2013 </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2q_218\" style=\"left:65px;bottom:218px;letter-spacing:-0.39px;display:inline;\">(an) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2r_218\" style=\"left:95px;bottom:218px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Level 10, 55 Shortland Street, Auckland </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5r_218\" style=\"left:359px;bottom:218px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">KY-1104, Cayman Islands </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2s_218\" style=\"left:95px;bottom:205px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Central, Auckland 1010, New Zealand </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5s_218\" style=\"left:329px;bottom:205px;letter-spacing:-0.25px;display:inline;\">(bu) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5t_218\" style=\"left:359px;bottom:205px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">971, 973 Ploenchit Road, Lumpini, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2t_218\" style=\"left:65px;bottom:191px;letter-spacing:-0.38px;display:inline;\">(ao) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2u_218\" style=\"left:95px;bottom:191px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">1, Murtala Muhammed Drive, Ikoyi, Lagos, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5u_218\" style=\"left:359px;bottom:191px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">Pathumwan, Bangkok 10330, Thailand </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2v_218\" style=\"left:95px;bottom:178px;letter-spacing:-0.2px;display:inline;\">Nigeria </div>\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5v_218\" style=\"left:329px;bottom:178px;letter-spacing:-0.29px;display:inline;\">(bv) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5w_218\" style=\"left:359px;bottom:178px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Room R316, 3rd Floor, Building 6, Binhai </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2w_218\" style=\"left:65px;bottom:165px;letter-spacing:-0.39px;display:inline;\">(ap) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2x_218\" style=\"left:95px;bottom:165px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Central O\ufb00ice Park Unit 4, 257 Jean Avenue, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5x_218\" style=\"left:359px;bottom:165px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Financial Street, No. 52 West Xincheng Road, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2y_218\" style=\"left:95px;bottom:151px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Centurion 0157, South Africa </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5y_218\" style=\"left:359px;bottom:151px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Tianjin Economy and Technology </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t2z_218\" style=\"left:65px;bottom:138px;letter-spacing:-0.24px;display:inline;\">(aq) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t30_218\" style=\"left:95px;bottom:138px;letter-spacing:-0.28px;word-spacing:-0.06px;display:inline;\">11th Floor, Building No. 10, Tower C, DLF </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t5z_218\" style=\"left:359px;bottom:138px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">Development Zone, Tianjin, P.R. China </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_218\" id=\"t31_218\" style=\"left:95px;bottom:125px;letter-spacing:-0.2px;word-spacing:-0.15px;display:inline;\">Phase-II, DLF Cyber City, Gurgaon, </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t60_218\" style=\"left:329px;bottom:125px;letter-spacing:-0.29px;display:inline;\">(bw) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t61_218\" style=\"left:359px;bottom:125px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">14th Floor, South China Building, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_218\" id=\"t32_218\" style=\"left:95px;bottom:111px;letter-spacing:-0.19px;word-spacing:-0.18px;display:inline;\">Haryana-122002, India </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_218\" id=\"t62_218\" style=\"left:359px;bottom:111px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">1-3 Wyndham Street, Hong Kong, SAR </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr>\n                                        </table>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f41049": {
   "value": "<table>\n                                            <tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s6_216\" id=\"t9_216\" style=\"left:65px;bottom:1023px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">Fully owned subsidiaries </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t28_216\" style=\"left:329px;bottom:1024px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">IHC Inter-Continental (Holdings) Corp. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t47_216\" style=\"left:593px;bottom:1024px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">InterContinental Hotels Group (Greater China) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"ta_216\" style=\"left:65px;bottom:1011px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">10000 Champion Acquisition LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t29_216\" style=\"left:329px;bottom:1011px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">IHC London (Holdings) (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t48_216\" style=\"left:602px;bottom:1011px;letter-spacing:-0.29px;word-spacing:-0.06px;display:inline;\">Limited (ac) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tb_216\" style=\"left:65px;bottom:997px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">24th Street Operator Sub, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2a_216\" style=\"left:329px;bottom:997px;letter-spacing:-0.27px;word-spacing:-0.08px;display:inline;\">IHC May Fair Hotel Limited (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t49_216\" style=\"left:593px;bottom:997px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">InterContinental Hotels Group (India) Private </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tc_216\" style=\"left:65px;bottom:984px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">2250 Blake Street Hotel, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_216\" id=\"t2b_216\" style=\"left:329px;bottom:984px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">IHC M-H (Holdings) Corp. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4a_216\" style=\"left:602px;bottom:984px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Limited (aq) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"td_216\" style=\"left:65px;bottom:971px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">36th Street IHG Sub, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2c_216\" style=\"left:329px;bottom:971px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">IHC Overseas (U.K.) Limited (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4b_216\" style=\"left:593px;bottom:971px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">InterContinental Hotels Group (Japan), Inc. (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"te_216\" style=\"left:65px;bottom:957px;letter-spacing:-0.27px;word-spacing:-0.08px;display:inline;\">426 Main Ave, LLC. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2d_216\" style=\"left:329px;bottom:957px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">IHC United States (Holdings) Corp. (b) (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4c_216\" style=\"left:593px;bottom:957px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">InterContinental Hotels Group (New Zealand) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tf_216\" style=\"left:65px;bottom:944px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">46 Nevins Street Associates, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2e_216\" style=\"left:329px;bottom:944px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">IHC Willard (Holdings) Corp. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4d_216\" style=\"left:602px;bottom:944px;letter-spacing:-0.29px;word-spacing:-0.06px;display:inline;\">Limited (an) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tg_216\" style=\"left:65px;bottom:930px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Alpha Kimball Hotel, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2f_216\" style=\"left:329px;bottom:930px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">IHG 24th Street JV LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4e_216\" style=\"left:593px;bottom:930px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">InterContinental Hotels Group (Shanghai) Ltd. (bb) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_216\" id=\"th_216\" style=\"left:65px;bottom:917px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Asia Pacific Holdings Limited (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2g_216\" style=\"left:329px;bottom:917px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">IHG (Marseille) SAS (x) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4f_216\" style=\"left:593px;bottom:917px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">InterContinental Hotels Group (Vietnam) Company </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"ti_216\" style=\"left:65px;bottom:904px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Barclay Operating Corp. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2h_216\" style=\"left:329px;bottom:904px;letter-spacing:-0.28px;word-spacing:-0.08px;display:inline;\">IHG (Myanmar) Limited (ah) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4g_216\" style=\"left:602px;bottom:904px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">Limited (q) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tj_216\" style=\"left:65px;bottom:890px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">BHMC Canada Inc. (o) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2i_216\" style=\"left:329px;bottom:890px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">IHG (Thailand) Limited (bu) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4h_216\" style=\"left:593px;bottom:890px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">InterContinental Hotels Group Customer Services </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tk_216\" style=\"left:65px;bottom:877px;letter-spacing:-0.29px;word-spacing:-0.06px;display:inline;\">BHR Holdings B.V. (p) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2j_216\" style=\"left:329px;bottom:877px;letter-spacing:-0.25px;word-spacing:-0.13px;display:inline;\">IHG Amsterdam Management BV (p) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4i_216\" style=\"left:602px;bottom:877px;letter-spacing:-0.3px;word-spacing:-0.05px;display:inline;\">Limited (n) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_216\" id=\"tl_216\" style=\"left:65px;bottom:864px;letter-spacing:-0.2px;word-spacing:-0.15px;display:inline;\">BHR Pacific Holdings, Inc. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2k_216\" style=\"left:329px;bottom:864px;letter-spacing:-0.28px;word-spacing:-0.08px;display:inline;\">IHG Bangkok Ltd. (v) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4j_216\" style=\"left:593px;bottom:864px;letter-spacing:-0.43px;word-spacing:-0.13px;display:inline;\">InterContinental Hotels Group do Brasil Limitada (bc) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tm_216\" style=\"left:65px;bottom:850px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">BHTC Canada Inc. (o) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2l_216\" style=\"left:329px;bottom:850px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">IHG Brasil Administracao de Hoteis e Servicos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4k_216\" style=\"left:593px;bottom:850px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">InterContinental Hotels Group Healthcare Trustee </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tn_216\" style=\"left:65px;bottom:837px;letter-spacing:-0.39px;word-spacing:-0.13px;display:inline;\">Blythswood Square Glasgow Hotel OpCo Limited (n) </div></td><td class=\"tcs-selection-enabled tcs-selected\" colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2m_216\" style=\"left:338px;bottom:837px;letter-spacing:-0.29px;word-spacing:-0.05px;display:inline;\">Ltda (ak) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4l_216\" style=\"left:602px;bottom:837px;letter-spacing:-0.3px;word-spacing:-0.05px;display:inline;\">Limited (n) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"to_216\" style=\"left:65px;bottom:823px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">BOC Barclay Sub LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2n_216\" style=\"left:329px;bottom:823px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">IHG Capital Lending LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4m_216\" style=\"left:593px;bottom:823px;letter-spacing:-0.45px;word-spacing:-0.12px;display:inline;\">InterContinental Hotels Group Operating Corp. (e) (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tp_216\" style=\"left:65px;bottom:810px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Bristol Oakbrook Tenant Company (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2o_216\" style=\"left:329px;bottom:810px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">IHG Commissions Services SRL (co) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4n_216\" style=\"left:593px;bottom:810px;letter-spacing:-0.39px;word-spacing:-0.12px;display:inline;\">InterContinental Hotels Group Resources, LLC (b) (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tq_216\" style=\"left:65px;bottom:797px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Cambridge Lodging LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2p_216\" style=\"left:329px;bottom:797px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">IHG de Argentina SA (al) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4o_216\" style=\"left:593px;bottom:797px;letter-spacing:-0.39px;word-spacing:-0.13px;display:inline;\">InterContinental Hotels Group Services Company (n) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tr_216\" style=\"left:65px;bottom:783px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Capital Lodging LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2q_216\" style=\"left:329px;bottom:783px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">IHG ECS (Barbados) SRL (co) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4p_216\" style=\"left:593px;bottom:783px;letter-spacing:-0.22px;word-spacing:-0.12px;display:inline;\">InterContinental Hotels Italia, S.r.L. (be) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"ts_216\" style=\"left:65px;bottom:770px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">CECNY Land Holdings LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2r_216\" style=\"left:329px;bottom:770px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">IHG Finance LLC- Incorporated 19/06/2023 (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4q_216\" style=\"left:593px;bottom:770px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">InterContinental Hotels Limited (a) (n) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tt_216\" style=\"left:65px;bottom:757px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">CF Irving Owner, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2s_216\" style=\"left:329px;bottom:757px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">IHG Franchising Brasil Ltda. (bd) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4r_216\" style=\"left:593px;bottom:757px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">InterContinental Hotels Managementgesellschaft </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tu_216\" style=\"left:65px;bottom:743px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">CF McKinney Owner, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2t_216\" style=\"left:329px;bottom:743px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">IHG Franchising DR Corporation (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4s_216\" style=\"left:602px;bottom:743px;letter-spacing:-0.16px;word-spacing:-0.21px;display:inline;\">mbH (bf) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tv_216\" style=\"left:65px;bottom:730px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Compa\u00f1ia Inter-Continental De Hoteles </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2u_216\" style=\"left:329px;bottom:730px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">IHG Franchising, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4t_216\" style=\"left:593px;bottom:730px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">InterContinental Hotels Management Montenegro </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tw_216\" style=\"left:74px;bottom:717px;letter-spacing:-0.29px;word-spacing:-0.06px;display:inline;\">El Salvador SA (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2v_216\" style=\"left:329px;bottom:717px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">IHG Honduras S. de R.L. (cr) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4u_216\" style=\"left:602px;bottom:717px;letter-spacing:-0.34px;display:inline;\">d.o.o. (ce) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tx_216\" style=\"left:65px;bottom:703px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Crowne Plaza, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2w_216\" style=\"left:329px;bottom:703px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">IHG Hotels (New Zealand) Limited (an) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4v_216\" style=\"left:593px;bottom:703px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">InterContinental Hotels Nevada Corporation (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"ty_216\" style=\"left:65px;bottom:690px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">Cumberland Akers Hotel, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2x_216\" style=\"left:329px;bottom:690px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">IHG Hotels Limited (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4w_216\" style=\"left:593px;bottom:690px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">InterContinental Hotels of San Francisco, Inc. (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"tz_216\" style=\"left:65px;bottom:676px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Dunwoody Operations, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2y_216\" style=\"left:329px;bottom:676px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">IHG Hotels Management (Australia) Pty </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4x_216\" style=\"left:593px;bottom:676px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Intercontinental IOHC (Mauritius) Limited (bg) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t10_216\" style=\"left:65px;bottom:663px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Edinburgh George Street Hotel OpCo Limited (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t2z_216\" style=\"left:338px;bottom:663px;letter-spacing:-0.29px;word-spacing:-0.05px;display:inline;\">Limited (b) (aa) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4y_216\" style=\"left:593px;bottom:663px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">InterContinental Management AM, LLC (cm) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t11_216\" style=\"left:65px;bottom:650px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">EVEN Real Estate Holding LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t30_216\" style=\"left:329px;bottom:650px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">IHG Hotels Nigeria Limited (ao) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t4z_216\" style=\"left:593px;bottom:650px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">InterContinental Management Bulgaria EOOD (bp) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t12_216\" style=\"left:65px;bottom:636px;letter-spacing:-0.22px;word-spacing:-0.3px;display:inline;\">General Innkeeping Acceptance Corporation (b) (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t31_216\" style=\"left:329px;bottom:636px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">IHG Hotels South Africa (Pty) Limited (ap) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t50_216\" style=\"left:593px;bottom:636px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">InterContinental Management France SAS (x) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t13_216\" style=\"left:65px;bottom:623px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Grand Central Glasgow Hotel OpCo Limited (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t32_216\" style=\"left:329px;bottom:623px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">IHG International Partnership (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t51_216\" style=\"left:593px;bottom:623px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">InterContinental Management Poland sp. Z.o.o (cn) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t14_216\" style=\"left:65px;bottom:610px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Guangzhou SC Hotels Services Ltd. (t) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t33_216\" style=\"left:329px;bottom:610px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">IHG Istanbul Otel Y\u00f6netim Limited Sirketi (bx) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t52_216\" style=\"left:593px;bottom:610px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">InterContinental Overseas Holdings, LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t15_216\" style=\"left:65px;bottom:596px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Hawthorne Land Holdings LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t34_216\" style=\"left:329px;bottom:596px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">IHG Japan (Management), LLC (ar) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_216\" id=\"t53_216\" style=\"left:593px;bottom:596px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">KG Benefits, LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t16_216\" style=\"left:65px;bottom:583px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">HC International Holdings, Inc. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t35_216\" style=\"left:329px;bottom:583px;letter-spacing:-0.28px;word-spacing:-0.08px;display:inline;\">IHG Japan (Osaka), LLC (ar) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t54_216\" style=\"left:593px;bottom:583px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">KG Gift Card Inc. (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t17_216\" style=\"left:65px;bottom:569px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">HH France Holdings SAS (x) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t36_216\" style=\"left:329px;bottom:569px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">IHG Management (Maryland), LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t55_216\" style=\"left:593px;bottom:569px;letter-spacing:-0.25px;word-spacing:-0.09px;display:inline;\">KG Liability LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t18_216\" style=\"left:65px;bottom:556px;letter-spacing:-0.29px;word-spacing:-0.07px;display:inline;\">HH Hotels (EMEA) B.V. (p) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t37_216\" style=\"left:329px;bottom:556px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">IHG Management (Netherlands) B.V. (p) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t56_216\" style=\"left:593px;bottom:556px;letter-spacing:-0.32px;word-spacing:-0.04px;display:inline;\">KG Technology, LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t19_216\" style=\"left:65px;bottom:543px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">HH Hotels (Romania) SRL (y) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t38_216\" style=\"left:329px;bottom:543px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">IHG Management d.o.o. Beograd (cc) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t57_216\" style=\"left:593px;bottom:543px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">KHRG 851 LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1a_216\" style=\"left:65px;bottom:529px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">HIM (Aruba) NV (z) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t39_216\" style=\"left:329px;bottom:529px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">IHG Management MD Barclay Sub, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t58_216\" style=\"left:593px;bottom:529px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">KHRG Aertson LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1b_216\" style=\"left:65px;bottom:516px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Hoft Properties LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3a_216\" style=\"left:329px;bottom:516px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">IHG Management SL d.o.o. (bo) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t59_216\" style=\"left:593px;bottom:516px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">KHRG Allegro, LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1c_216\" style=\"left:65px;bottom:503px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Holiday Hospitality Franchising, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3b_216\" style=\"left:329px;bottom:503px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">IHG Mexico Operaciones SA de CV (ab) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5a_216\" style=\"left:593px;bottom:503px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">KHRG Argyle, LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1d_216\" style=\"left:65px;bottom:489px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Holiday Inn Mexicana S.A. (ab) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3c_216\" style=\"left:329px;bottom:489px;letter-spacing:-0.43px;word-spacing:-0.15px;display:inline;\">IHG Middle East Management Consultancies LLC (br) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5b_216\" style=\"left:593px;bottom:489px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">KHRG Atlanta Midtown LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1e_216\" style=\"left:65px;bottom:476px;letter-spacing:-0.27px;word-spacing:-0.08px;display:inline;\">Holiday Inns (China) Limited (ac) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3d_216\" style=\"left:329px;bottom:476px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">IHG Peru SRL (cf) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5c_216\" style=\"left:593px;bottom:476px;letter-spacing:-0.27px;word-spacing:-0.1px;display:inline;\">KHRG Austin Beverage Company, LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1f_216\" style=\"left:65px;bottom:463px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Holiday Inns (Courtalin) Holding SAS (x) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3e_216\" style=\"left:329px;bottom:463px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">IHG PS Nominees Limited (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5d_216\" style=\"left:593px;bottom:463px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">KHRG Baltimore, LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1g_216\" style=\"left:65px;bottom:449px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Holiday Inns (Courtalin) SAS (x) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3f_216\" style=\"left:329px;bottom:449px;letter-spacing:-0.29px;word-spacing:-0.08px;display:inline;\">IHG Sermex SA de CV (ab) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5e_216\" style=\"left:593px;bottom:449px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">KHRG Born LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1h_216\" style=\"left:65px;bottom:436px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">Holiday Inns (Germany), LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3g_216\" style=\"left:329px;bottom:436px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">IHG Systems Pty Ltd. (b) (aa) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5f_216\" style=\"left:593px;bottom:436px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">KHRG Boston Hotel, LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1i_216\" style=\"left:65px;bottom:422px;letter-spacing:-0.23px;word-spacing:-0.11px;display:inline;\">Holiday Inns (Jamaica), Inc. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3h_216\" style=\"left:329px;bottom:422px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">IHG Szalloda Budapest Szolgaltato Kft. (at) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5g_216\" style=\"left:593px;bottom:422px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">KHRG Bozeman LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1j_216\" style=\"left:65px;bottom:409px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Holiday Inns (Middle East) Limited (ac) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3i_216\" style=\"left:329px;bottom:409px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">IHG Technology Solutions, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5h_216\" style=\"left:593px;bottom:409px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">KHRG Buckhead LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1k_216\" style=\"left:65px;bottom:396px;letter-spacing:-0.23px;word-spacing:-0.11px;display:inline;\">Holiday Inns (Philippines), Inc. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3j_216\" style=\"left:329px;bottom:396px;letter-spacing:-0.39px;word-spacing:-0.13px;display:inline;\">InterContinental Berlin Service Company GmbH (au) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5i_216\" style=\"left:593px;bottom:396px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">KHRG Canary LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1l_216\" style=\"left:65px;bottom:382px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Holiday Inns (Saudi Arabia), Inc. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3k_216\" style=\"left:329px;bottom:382px;letter-spacing:-0.25px;word-spacing:-0.09px;display:inline;\">InterContinental (PB) 1 (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5j_216\" style=\"left:593px;bottom:382px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">KHRG Cayman LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1m_216\" style=\"left:65px;bottom:369px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Holiday Inns (Thailand) Limited (ac) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3l_216\" style=\"left:329px;bottom:369px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">InterContinental (PB) 3 Limited (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5k_216\" style=\"left:593px;bottom:369px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">KHRG Cayman Employer Ltd. (cl) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1n_216\" style=\"left:65px;bottom:356px;letter-spacing:-0.23px;word-spacing:-0.11px;display:inline;\">Holiday Inns (U.K.), Inc. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3m_216\" style=\"left:329px;bottom:356px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Intercontinental D.C. Operating Corp. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5l_216\" style=\"left:593px;bottom:356px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">KHRG Charlottesville LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1o_216\" style=\"left:65px;bottom:342px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Holiday Inns Crowne Plaza (Hong Kong), Inc. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3n_216\" style=\"left:329px;bottom:342px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Inter-Continental Florida Partner Corp. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5m_216\" style=\"left:593px;bottom:342px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">KHRG Dallas LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1p_216\" style=\"left:65px;bottom:329px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Holiday Inns Holdings (Australia) Pty Limited (aa) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3o_216\" style=\"left:329px;bottom:329px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">InterContinental Gestion Hotelera SLU (by) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5n_216\" style=\"left:593px;bottom:329px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">KHRG Dallas Beverage Company, LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1q_216\" style=\"left:65px;bottom:315px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Holiday Inns, Inc. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3p_216\" style=\"left:329px;bottom:315px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Intercontinental Hospitality Corporation (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5o_216\" style=\"left:593px;bottom:315px;letter-spacing:-0.29px;word-spacing:-0.08px;display:inline;\">KHRG Employer, LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1r_216\" style=\"left:65px;bottom:302px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Holiday Inns Investment (Nepal) Limited (ac) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3q_216\" style=\"left:329px;bottom:302px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">InterContinental Hotel Berlin GmbH (au) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_216\" id=\"t5p_216\" style=\"left:593px;bottom:302px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">SS Aetna Acquisition, LLC fka KHRG Goleta, LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1s_216\" style=\"left:65px;bottom:289px;letter-spacing:-0.28px;word-spacing:-0.07px;display:inline;\">Holiday Inns of Belgium N.V. (ad) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3r_216\" style=\"left:329px;bottom:289px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Inter-Continental Hoteleira Limitada (aw) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5q_216\" style=\"left:593px;bottom:289px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">KHRG Gray LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_216\" id=\"t1t_216\" style=\"left:65px;bottom:275px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Holiday Pacific Equity Corporation (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3s_216\" style=\"left:329px;bottom:275px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Inter-Continental Hotels (Montreal) Operating </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5r_216\" style=\"left:593px;bottom:275px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">KHRG Gray U2 LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_216\" id=\"t1u_216\" style=\"left:65px;bottom:262px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Holiday Pacific Limited Liability Company (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3t_216\" style=\"left:338px;bottom:262px;letter-spacing:-0.27px;word-spacing:-0.08px;display:inline;\">Corp. (ax) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5s_216\" style=\"left:593px;bottom:262px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">KHRG Huntington Beach LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_216\" id=\"t1v_216\" style=\"left:65px;bottom:249px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Holiday Pacific Partners Limited Partnership (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3u_216\" style=\"left:329px;bottom:249px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Inter-Continental Hotels (Montreal) Owning </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5t_216\" style=\"left:593px;bottom:249px;letter-spacing:-0.28px;word-spacing:-0.09px;display:inline;\">KHRG Key West LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1w_216\" style=\"left:65px;bottom:235px;letter-spacing:-0.4px;word-spacing:-0.11px;display:inline;\">Hotel InterContinental London (Holdings) Limited (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3v_216\" style=\"left:338px;bottom:235px;letter-spacing:-0.27px;word-spacing:-0.08px;display:inline;\">Corp. (ax) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5u_216\" style=\"left:593px;bottom:235px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">KHRG King Street, LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1x_216\" style=\"left:65px;bottom:222px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Hotel Inter-Continental London Limited (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3w_216\" style=\"left:329px;bottom:222px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">InterContinental Hotels (Puerto Rico) Inc. (az) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5v_216\" style=\"left:593px;bottom:222px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">KHRG La Peer LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1y_216\" style=\"left:65px;bottom:209px;letter-spacing:-0.28px;word-spacing:-0.08px;display:inline;\">Hoteles Y Turismo HIH SRL (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3x_216\" style=\"left:329px;bottom:209px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Inter-Continental Hotels Corporation (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5w_216\" style=\"left:593px;bottom:209px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">KHRG Miami Beach LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t1z_216\" style=\"left:65px;bottom:195px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">IC Hotelbetriebsf\u00fchrungs GmbH (ae) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3y_216\" style=\"left:329px;bottom:195px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Intercontinental Hotels Corporation de Venezuela </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5x_216\" style=\"left:593px;bottom:195px;letter-spacing:-0.24px;word-spacing:-0.14px;display:inline;\">KHRG Muse LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t20_216\" style=\"left:65px;bottom:182px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">IC Hotels Management (Portugal) Unipessoal, </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t3z_216\" style=\"left:338px;bottom:182px;letter-spacing:-0.17px;word-spacing:-0.18px;display:inline;\">C.A. (ba) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5y_216\" style=\"left:593px;bottom:182px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">KHRG New Orleans LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t21_216\" style=\"left:74px;bottom:168px;letter-spacing:-0.22px;word-spacing:-0.12px;display:inline;\">Lda (af) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t40_216\" style=\"left:329px;bottom:168px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Intercontinental Hotels Corporation Limited (b) (m) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t5z_216\" style=\"left:593px;bottom:168px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">KHRG NPC LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t22_216\" style=\"left:65px;bottom:155px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">IC International Hotels Limited Liability </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_216\" id=\"t41_216\" style=\"left:329px;bottom:155px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">InterContinental Hotels Group (Asia Pacific) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t60_216\" style=\"left:593px;bottom:155px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">KHRG Palladian LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t23_216\" style=\"left:74px;bottom:142px;letter-spacing:-0.29px;word-spacing:-0.09px;display:inline;\">Company (ag) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t42_216\" style=\"left:338px;bottom:142px;letter-spacing:-0.27px;word-spacing:-0.07px;display:inline;\">Pte Ltd. (ai) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t61_216\" style=\"left:593px;bottom:142px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">KHRG Palomar Phoenix LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t24_216\" style=\"left:65px;bottom:128px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">IHC Arabia for Management, LLC (u) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t43_216\" style=\"left:329px;bottom:128px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">InterContinental Hotels Group (Australia) Pty </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t62_216\" style=\"left:593px;bottom:128px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">KHRG Philly Monaco LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t25_216\" style=\"left:65px;bottom:115px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">IHC Buckhead, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t44_216\" style=\"left:338px;bottom:115px;letter-spacing:-0.29px;word-spacing:-0.06px;display:inline;\">Limited (aa) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t63_216\" style=\"left:593px;bottom:115px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">KHRG Pittsburgh LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t26_216\" style=\"left:65px;bottom:102px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">IHC Hopkins (Holdings) Corp. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t45_216\" style=\"left:329px;bottom:102px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">InterContinental Hotels Group (Canada), Inc. (o) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t64_216\" style=\"left:593px;bottom:102px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">KHRG Porsche Drive LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t27_216\" style=\"left:65px;bottom:88px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">IHC Hotel Limited (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t46_216\" style=\"left:329px;bottom:88px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">InterContinental Hotels Group (Espa\u00f1a) SAU (by) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s7_216\" id=\"t65_216\" style=\"left:593px;bottom:88px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">KHRG Reynolds LLC (k) </div></td></tr>\n                                        </table><div class=\"t s6_216\" id=\"t66_216\" style=\"left:65px;bottom:1237px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\"> </div><div class=\"t sa_216\" id=\"t67_216\" style=\"left:65px;bottom:31px;letter-spacing:-0.01px;display:inline;\"></div><div></div><table>\n                                            <tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3_217\" style=\"left:65px;bottom:1100px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">KHRG Riverplace LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t28_217\" style=\"left:329px;bottom:1100px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Sustainable Luxury UK Limited (n) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4_217\" style=\"left:65px;bottom:1087px;letter-spacing:-0.25px;word-spacing:-0.13px;display:inline;\">KHRG Sacramento LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t29_217\" style=\"left:329px;bottom:1087px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">The Grand Central Hotel Glasgow Limited (ct) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t5_217\" style=\"left:65px;bottom:1074px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">KHRG Schofield LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2a_217\" style=\"left:329px;bottom:1074px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">The Met Hotel Leeds Limited (ct) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t6_217\" style=\"left:65px;bottom:1060px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">KHRG SFD LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2b_217\" style=\"left:329px;bottom:1060px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">The Principal Edinburgh George Street Limited (ct) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t7_217\" style=\"left:65px;bottom:1047px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">KHRG SF Wharf LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2c_217\" style=\"left:329px;bottom:1047px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">The Principal London Limited (ct) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t8_217\" style=\"left:65px;bottom:1034px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">KHRG SF Wharf U2 LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2d_217\" style=\"left:329px;bottom:1034px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">The Principal Manchester Limited (ct) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t9_217\" style=\"left:65px;bottom:1020px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">KHRG South Beach LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2e_217\" style=\"left:329px;bottom:1020px;letter-spacing:-0.27px;word-spacing:-0.08px;display:inline;\">The Principal York Limited (ct) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"ta_217\" style=\"left:65px;bottom:1007px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">KHRG State Street LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2f_217\" style=\"left:329px;bottom:1007px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">The Roxburghe Hotel Edinburgh Limited (s) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tb_217\" style=\"left:65px;bottom:993px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">KHRG Sutter LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2g_217\" style=\"left:329px;bottom:993px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">White Shield Company Limited (bk) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tc_217\" style=\"left:65px;bottom:980px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">KHRG Sutter Union LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2h_217\" style=\"left:329px;bottom:980px;letter-spacing:-0.3px;word-spacing:-0.11px;display:inline;\">World Trade Centre Montreal Hotel Corporation (bl) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"td_217\" style=\"left:65px;bottom:967px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">KHRG Taconic LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2i_217\" style=\"left:329px;bottom:967px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">Wotton House Hotel OpCo Limited (n) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"te_217\" style=\"left:65px;bottom:953px;letter-spacing:-0.28px;word-spacing:-0.08px;display:inline;\">KHRG Tari\ufb00 LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2j_217\" style=\"left:329px;bottom:953px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">WY BLL Owner, LLC (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tf_217\" style=\"left:65px;bottom:940px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">KHRG Texas Hospitality, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2k_217\" style=\"left:329px;bottom:940px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">York Station Road Hotel OpCo Limited (n) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tg_217\" style=\"left:65px;bottom:927px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">KHRG Texas Operations, LLC (k) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"th_217\" style=\"left:65px;bottom:913px;letter-spacing:-0.28px;word-spacing:-0.08px;display:inline;\">KHRG Tryon LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_217\" id=\"t2l_217\" style=\"left:329px;bottom:912px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">Subsidiaries where the e\ufb00ective interest </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"ti_217\" style=\"left:65px;bottom:900px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">KHRG Vero Beach, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_217\" id=\"t2m_217\" style=\"left:329px;bottom:897px;letter-spacing:0.02px;word-spacing:-0.16px;display:inline;\">is less than 100% </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tj_217\" style=\"left:65px;bottom:886px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">KHRG Vintage Park LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2n_217\" style=\"left:329px;bottom:884px;letter-spacing:-0.27px;word-spacing:-0.1px;display:inline;\">IHG ANA Hotels Group Japan LLC (74.66%) (ar) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tk_217\" style=\"left:65px;bottom:873px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">KHRG VZ Austin LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2o_217\" style=\"left:329px;bottom:871px;letter-spacing:-0.26px;word-spacing:-0.1px;display:inline;\">IHG ANA Hotels Holdings Co., Ltd. (66%) (ar) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tl_217\" style=\"left:65px;bottom:860px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">KHRG Wabash LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2p_217\" style=\"left:329px;bottom:857px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Regent Hospitality Worldwide, Inc. (51%) (bt) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tm_217\" style=\"left:65px;bottom:846px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">KHRG Westwood, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2q_217\" style=\"left:329px;bottom:844px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Sustainable Luxury Holding (Thailand) Limited </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tn_217\" style=\"left:65px;bottom:833px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">KHRG Wilshire LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2r_217\" style=\"left:338px;bottom:831px;letter-spacing:-0.29px;word-spacing:-0.04px;display:inline;\">(49%) (c) (j) (aj) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"to_217\" style=\"left:65px;bottom:820px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Kimpton Hollywood Licenses LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2s_217\" style=\"left:329px;bottom:817px;letter-spacing:-0.2px;word-spacing:-0.15px;display:inline;\">Sustainable Luxury Hospitality (Thailand) Limited </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tp_217\" style=\"left:65px;bottom:806px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Kimpton Hotel &amp; Restaurant Group, LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2t_217\" style=\"left:338px;bottom:804px;letter-spacing:-0.23px;word-spacing:-0.09px;display:inline;\">(73.99%) (c) (j) (aj) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"tq_217\" style=\"left:65px;bottom:793px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">Kimpton Hotel Frankfurt GmbH (bf) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2u_217\" style=\"left:329px;bottom:791px;letter-spacing:-0.2px;word-spacing:-0.16px;display:inline;\">Sustainable Luxury Management (Thailand) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tr_217\" style=\"left:65px;bottom:780px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Kimpton Phoenix Licenses Holdings LLC (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2v_217\" style=\"left:338px;bottom:777px;letter-spacing:-0.24px;word-spacing:-0.1px;display:inline;\">Limited (73.99%) (c) (j) (aj) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"ts_217\" style=\"left:65px;bottom:766px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Louisiana Acquisitions Corp. (k) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2w_217\" style=\"left:329px;bottom:764px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">Sustainable Luxury Operations (Thailand) Limited </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tt_217\" style=\"left:65px;bottom:753px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Luxury Resorts and Spas (France) SAS (ck) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2x_217\" style=\"left:338px;bottom:751px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">(99.9998%) (j) (aj) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"tu_217\" style=\"left:65px;bottom:739px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Manchester Oxford Street Hotel OpCo Limited (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t2y_217\" style=\"left:329px;bottom:737px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">Universal de Hoteles SA (99.99%) (j) (bj) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tv_217\" style=\"left:65px;bottom:726px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Mercer Fairview Holdings LLC (k) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tw_217\" style=\"left:65px;bottom:713px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Met Leeds Hotel OpCo Limited (n) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_217\" id=\"t2z_217\" style=\"left:329px;bottom:709px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">Associates, joint ventures and other </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"tx_217\" style=\"left:65px;bottom:699px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">MH Lodging LLC (k) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t30_217\" style=\"left:329px;bottom:697px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">111 East 48th Street Holdings LLC (19.9%) (g) (h) (k) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"ty_217\" style=\"left:65px;bottom:686px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Oxford Spires Hotel OpCo Limited (n) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t31_217\" style=\"left:329px;bottom:683px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Alkoer, Sociedad de Responsabilidad Limitada de </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"tz_217\" style=\"left:65px;bottom:673px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">Oxford Thames Hotel OpCo Limited (n) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t32_217\" style=\"left:338px;bottom:670px;letter-spacing:-0.27px;word-spacing:-0.08px;display:inline;\">Capital Variable (50%) (h) (cg) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t10_217\" style=\"left:65px;bottom:659px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">PML Services LLC (k) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t33_217\" style=\"left:329px;bottom:657px;letter-spacing:-0.33px;word-spacing:-0.04px;display:inline;\">ASR-JV One, LLC</div><div class=\"t s3_217\" id=\"t34_217\" style=\"left:412px;bottom:657px;letter-spacing:-0.29px;word-spacing:-0.04px;display:inline;\">- (0%) (d) (h) (l) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t11_217\" style=\"left:65px;bottom:646px;letter-spacing:-0.27px;word-spacing:-0.08px;display:inline;\">Pollstrong Limited (n) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"> <div class=\"t s2_217\" id=\"t35_217\" style=\"left:329px;bottom:643px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Beijing Orient Express Hotel Co., Ltd. (16.25%) (bm) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t12_217\" style=\"left:65px;bottom:632px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Powell Pine, Inc. (k) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t36_217\" style=\"left:329px;bottom:630px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Blue Blood (Tianjin) Equity Investment </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t13_217\" style=\"left:65px;bottom:619px;letter-spacing:-0.25px;word-spacing:-0.09px;display:inline;\">Priscilla Holiday of Texas, Inc. (k) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t37_217\" style=\"left:338px;bottom:616px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">Management Co., Limited (30.05%) (bn) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t14_217\" style=\"left:65px;bottom:606px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">PT Regent Indonesia (bh) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t38_217\" style=\"left:329px;bottom:603px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">Carr Clark SWW Subventure, LLC (26.67%) (g) (ca) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t15_217\" style=\"left:65px;bottom:592px;letter-spacing:-0.22px;word-spacing:-0.14px;display:inline;\">PT SC Hotels &amp; Resorts Indonesia (bh) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t39_217\" style=\"left:329px;bottom:590px;letter-spacing:-0.29px;word-spacing:-0.06px;display:inline;\">Carr Waterfront Hotel, LLC (11.73%) (g) (h) (ca) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t16_217\" style=\"left:65px;bottom:579px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Raison d\u2019Etre Holdings (BVI) Limited (v) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3a_217\" style=\"left:329px;bottom:576px;letter-spacing:-0.28px;word-spacing:-0.08px;display:inline;\">China Hotel Investment Ltd. (30.05%) (i) (am) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t17_217\" style=\"left:65px;bottom:566px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Raison d\u2019Etre Spas, Sweden AB (av) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3b_217\" style=\"left:329px;bottom:563px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Desarrollo Alkoer Irapuato S. de R.L. de C.V. </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t18_217\" style=\"left:65px;bottom:552px;letter-spacing:-0.34px;word-spacing:-0.13px;display:inline;\">Regent Asia Pacific Hotel Management Limited (bw) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3c_217\" style=\"left:338px;bottom:550px;letter-spacing:-0.32px;word-spacing:-0.04px;display:inline;\">(50%) (cg) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t19_217\" style=\"left:65px;bottom:539px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Regent Asia Pacific Management Limited (cp) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3d_217\" style=\"left:329px;bottom:536px;letter-spacing:-0.24px;word-spacing:-0.1px;display:inline;\">Desarrollo Alkoer Saltillo S. de R.L. de C.V. </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1a_217\" style=\"left:65px;bottom:526px;letter-spacing:-0.24px;word-spacing:-0.13px;display:inline;\">Regent Berlin GmbH (cq) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3e_217\" style=\"left:338px;bottom:523px;letter-spacing:-0.32px;word-spacing:-0.04px;display:inline;\">(50%) (cg) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1b_217\" style=\"left:65px;bottom:512px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Regent International Hotels Ltd (bw) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3f_217\" style=\"left:329px;bottom:510px;letter-spacing:-0.26px;word-spacing:-0.08px;display:inline;\">Desarrollo Alkoer Silao S. de R.L. de C.V. (50%) (cg) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1c_217\" style=\"left:65px;bottom:499px;letter-spacing:-0.27px;word-spacing:-0.1px;display:inline;\">Roxburghe Hotel Edinburgh OpCo Limited (n) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3g_217\" style=\"left:329px;bottom:496px;letter-spacing:-0.28px;word-spacing:-0.07px;display:inline;\">EDG Alpharetta EH, LLC (0%) (d) (h) (r) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1d_217\" style=\"left:65px;bottom:485px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Russell London Hotel OpCo Limited (n) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3h_217\" style=\"left:329px;bottom:483px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Gestion Hotelera Gestel, C.A. (50%) (c) (h) (ba) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1e_217\" style=\"left:65px;bottom:472px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">SBS Maryland Beverage Company LLC (k) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3i_217\" style=\"left:329px;bottom:469px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Groups360, LLC (11.83%) (h) (l) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1f_217\" style=\"left:65px;bottom:459px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">SC Hotels International Services, Inc. (k) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t3j_217\" style=\"left:329px;bottom:456px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Inter-Continental Hotels Saudi Arabia Ltd. </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1g_217\" style=\"left:65px;bottom:445px;letter-spacing:-0.27px;word-spacing:-0.08px;display:inline;\">SC Leisure Group Limited (n) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3k_217\" style=\"left:338px;bottom:443px;letter-spacing:-0.3px;word-spacing:-0.05px;display:inline;\">(40%) (bs) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1h_217\" style=\"left:65px;bottom:432px;letter-spacing:-0.3px;word-spacing:-0.06px;display:inline;\">SC NAS 2 Limited (n) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3l_217\" style=\"left:329px;bottom:429px;letter-spacing:-0.26px;word-spacing:-0.08px;display:inline;\">NF III Seattle, LLC (25%) (g) (r) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1i_217\" style=\"left:65px;bottom:419px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">SC Quest Limited (n) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3m_217\" style=\"left:329px;bottom:416px;letter-spacing:-0.26px;word-spacing:-0.08px;display:inline;\">NF III Seattle Op Co, LLC (25%) (g) (r) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1j_217\" style=\"left:65px;bottom:405px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">SC Reservations (Philippines) Inc. (k) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3n_217\" style=\"left:329px;bottom:403px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Nuevas Fronteras S.A. (23.66%) (cd) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1k_217\" style=\"left:65px;bottom:392px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">SCH Insurance Company (bi) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3o_217\" style=\"left:329px;bottom:389px;letter-spacing:-0.28px;word-spacing:-0.08px;display:inline;\">President Hotel &amp; Tower Co Ltd. (30%) (bu) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t1l_217\" style=\"left:65px;bottom:379px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Semiramis for training of Hotel Personnel and </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3p_217\" style=\"left:329px;bottom:376px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Shanghai Yuhuan Industrial Development Co., Ltd. </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1m_217\" style=\"left:74px;bottom:365px;letter-spacing:-0.27px;word-spacing:-0.1px;display:inline;\">Hotel Management SAE (ch) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3q_217\" style=\"left:338px;bottom:362px;letter-spacing:-0.34px;word-spacing:0.01px;display:inline;\">(1%) (cj) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1n_217\" style=\"left:65px;bottom:352px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Six Continents Holdings Limited (n) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3r_217\" style=\"left:329px;bottom:349px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Sustainable Luxury Gravity Global Private Limited </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1o_217\" style=\"left:65px;bottom:338px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Six Continents Hotels Belize Limited (cb) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3s_217\" style=\"left:338px;bottom:336px;letter-spacing:-0.31px;word-spacing:-0.03px;display:inline;\">(51%) (h) (bz) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1p_217\" style=\"left:65px;bottom:325px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Six Continents Hotels de Colombia SA (bj) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3t_217\" style=\"left:329px;bottom:322px;letter-spacing:-0.27px;word-spacing:-0.08px;display:inline;\">SURF-Samui Pte. Ltd. (49%) (ay) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1q_217\" style=\"left:65px;bottom:312px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Six Continents Hotels International Limited (n) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3u_217\" style=\"left:329px;bottom:309px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Tianjin ICBCI IHG Equity Investment Fund </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1r_217\" style=\"left:65px;bottom:298px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Six Continents Hotels, Inc. (k) </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3v_217\" style=\"left:338px;bottom:296px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">Management Co., Limited (21.04%) (bv) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1s_217\" style=\"left:65px;bottom:285px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">Six Continents International Holdings B.V. (p) </div></td><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t1t_217\" style=\"left:65px;bottom:272px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">Six Continents Investments Limited (f) (n) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1u_217\" style=\"left:65px;bottom:258px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">Six Continents Limited (n) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1v_217\" style=\"left:65px;bottom:245px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Six Continents Overseas Holdings Limited (n) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1w_217\" style=\"left:65px;bottom:231px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">SixCo North America, Inc (k) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1x_217\" style=\"left:65px;bottom:218px;letter-spacing:-0.26px;word-spacing:-0.09px;display:inline;\">Six Senses Americas IP, LLC (k) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1y_217\" style=\"left:65px;bottom:205px;letter-spacing:-0.22px;word-spacing:-0.15px;display:inline;\">Six Senses North America Management, LLC (k) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t1z_217\" style=\"left:65px;bottom:191px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">SLC Sustainable Luxury Cyprus Limited (cs) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t20_217\" style=\"left:65px;bottom:178px;letter-spacing:-0.22px;word-spacing:-0.16px;display:inline;\">SPHC Management Ltd. (bq) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t21_217\" style=\"left:65px;bottom:165px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">St. David\u2019s Cardi\ufb00 Hotel OpCo Limited (n) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t22_217\" style=\"left:65px;bottom:151px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Sustainable Luxury Holdings (BVI) Limited (v) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t23_217\" style=\"left:65px;bottom:138px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Sustainable Luxury Lanka Private Ltd (ci) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t24_217\" style=\"left:65px;bottom:125px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Sustainable Luxury Maldives Private Limited (w) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t25_217\" style=\"left:65px;bottom:111px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Sustainable Luxury Mauritius Limited (as) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t26_217\" style=\"left:65px;bottom:98px;letter-spacing:-0.23px;word-spacing:-0.12px;display:inline;\">Sustainable Luxury Services (BVI) Limited (v) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t27_217\" style=\"left:65px;bottom:84px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Sustainable Luxury Singapore Private Limited (ai) </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td></tr>\n                                        </table><table>\n                                            <tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_217\" id=\"t3w_217\" style=\"left:606px;bottom:1093px;letter-spacing:-0.28px;display:inline;\">Key </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3x_217\" style=\"left:606px;bottom:1081px;letter-spacing:-0.48px;display:inline;\">(a) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3y_217\" style=\"left:637px;bottom:1081px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Directly owned by InterContinental </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t3z_217\" style=\"left:637px;bottom:1067px;letter-spacing:-0.26px;word-spacing:-0.11px;display:inline;\">Hotels Group PLC </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t40_217\" style=\"left:606px;bottom:1054px;letter-spacing:-0.29px;display:inline;\">(b) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t41_217\" style=\"left:637px;bottom:1054px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">Ordinary shares and preference shares </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t42_217\" style=\"left:606px;bottom:1040px;letter-spacing:-0.5px;display:inline;\">(c) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t43_217\" style=\"left:637px;bottom:1040px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">Ordinary A and ordinary B shares </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t44_217\" style=\"left:606px;bottom:1027px;letter-spacing:-0.3px;display:inline;\">(d) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t45_217\" style=\"left:637px;bottom:1027px;letter-spacing:-0.24px;word-spacing:-0.14px;display:inline;\">12.5%/8% cumulative preference shares </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t46_217\" style=\"left:606px;bottom:1014px;letter-spacing:-0.47px;display:inline;\">(e) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t47_217\" style=\"left:637px;bottom:1014px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">\u00bc vote ordinary shares and </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t48_217\" style=\"left:637px;bottom:1000px;letter-spacing:-0.21px;word-spacing:-0.15px;display:inline;\">ordinary shares </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t49_217\" style=\"left:606px;bottom:987px;letter-spacing:-0.11px;display:inline;\">(f) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4a_217\" style=\"left:637px;bottom:987px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">Ordinary shares, 5% cumulative </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t4b_217\" style=\"left:637px;bottom:974px;letter-spacing:-0.24px;word-spacing:-0.12px;display:inline;\">preference shares and 7% cumulative </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t4c_217\" style=\"left:637px;bottom:960px;letter-spacing:-0.23px;word-spacing:-0.14px;display:inline;\">preference shares </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4d_217\" style=\"left:606px;bottom:947px;letter-spacing:-0.27px;display:inline;\">(g) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4e_217\" style=\"left:637px;bottom:947px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">The entities do not have share capital </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4f_217\" style=\"left:637px;bottom:934px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">and are governed by an operating </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4g_217\" style=\"left:637px;bottom:920px;letter-spacing:-0.23px;display:inline;\">agreement </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4h_217\" style=\"left:606px;bottom:907px;letter-spacing:-0.29px;display:inline;\">(h) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t4i_217\" style=\"left:637px;bottom:907px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">Accounted for as associates and joint </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t4j_217\" style=\"left:637px;bottom:893px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">ventures due to IHG\u2019s decision-making </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4k_217\" style=\"left:637px;bottom:880px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">rights contained in the partnership </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4l_217\" style=\"left:637px;bottom:867px;letter-spacing:-0.23px;display:inline;\">agreement </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4m_217\" style=\"left:606px;bottom:853px;letter-spacing:-0.2px;display:inline;\">(i) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t4n_217\" style=\"left:637px;bottom:853px;letter-spacing:-0.24px;word-spacing:-0.11px;display:inline;\">Accounted for as an other </div> <div class=\"t s2_217\" id=\"t4o_217\" style=\"left:767px;bottom:853px;letter-spacing:-0.17px;display:inline;\">financial </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4p_217\" style=\"left:637px;bottom:840px;letter-spacing:-0.23px;word-spacing:-0.13px;display:inline;\">asset due to IHG being unable to </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4q_217\" style=\"left:637px;bottom:827px;letter-spacing:-0.22px;word-spacing:-0.12px;display:inline;\">exercise significant influence over the </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4r_217\" style=\"left:637px;bottom:813px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">financial and operating policy </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_217\" id=\"t4s_217\" style=\"left:637px;bottom:800px;letter-spacing:-0.21px;word-spacing:-0.14px;display:inline;\">decisions of the entity </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4t_217\" style=\"left:606px;bottom:786px;letter-spacing:0.06px;display:inline;\">(j) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4u_217\" style=\"left:637px;bottom:786px;letter-spacing:-0.23px;word-spacing:-0.11px;display:inline;\">Minority interest relates to one or more </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4v_217\" style=\"left:637px;bottom:773px;letter-spacing:-0.22px;word-spacing:-0.13px;display:inline;\">individual shareholders who are </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4w_217\" style=\"left:637px;bottom:760px;letter-spacing:-0.25px;word-spacing:-0.11px;display:inline;\">employed or were previously employed </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_217\" id=\"t4x_217\" style=\"left:637px;bottom:746px;letter-spacing:-0.25px;word-spacing:-0.1px;display:inline;\">by the entity </div></td></tr>\n                                        </table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f50900": {
   "value": "1 Windsor Dials, Arthur Road, Windsor, SL4 1RS, United Kingdom",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "en",
    "entity": "scheme:2138007ZFQYRUSLU3J98",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  }
 }
}